DEMCONET
ActiveSummary
The annual accounts of DEMCONET for fiscal year 2025 show a net loss of 53% of total assets. The 2025 annual accounts show equity of €95,224 and a net result of -€89,817. Equity is growing by ~8.8% per year across the filed fiscal years. Its solvency ranks better than 61% of 263 sector peers (fiscal year 2025). The company has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
59
/ 100
Fair
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-5
Solvency81▼-14
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5,000 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity ample (current ratio 2.3 against 3.32 in 2024; short-term debt: 43.6% and cash: 99.2% of total assets), and 43.6% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 58
Relative position
BE, all sectors
reference
Publishing activities (NACE 58)
about 30% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
56.4%
Return on assets
-53.2%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
19202122232425
2019 to 2025 · latest year -€89,817
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 14-08-2026, 14 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
14 d late
2024
23 d late
2023
27 d early
2022
on the day
2021
28 d late
2020
2 d late
2019
26 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 9 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 37% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€95,224▼ 48.5%
2024 · €185,041
Total assets
€168,727▼ 36.3%
2024 · €264,682
Net result
-€89,817▼ 214%
2024 · -€28,629
Working capital
€95,224▼ 48.5%
2024 · €184,868
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 58, Publishing activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€23,598▲ 82.5%€32,922▲ 39.5%€56,680▲ 72.2%-€31,557-€90,170▼ 186%
Net result€17,695within the sector's middle half▲ 99.0%€25,076within the sector's middle half▲ 41.7%€41,437above the sector's middle half▲ 65.2%-€28,629below the sector's middle half-€89,817below the sector's middle half▼ 214%
Equity€147,157within the sector's middle half▲ 13.7%€172,233within the sector's middle half▲ 17.0%€213,670above the sector's middle half▲ 24.1%€185,041above the sector's middle half▼ 13.4%€95,224within the sector's middle half▼ 48.5%
Total assets€260,527within the sector's middle half▲ 0.7%€285,729within the sector's middle half▲ 9.7%€322,126above the sector's middle half▲ 12.7%€264,682within the sector's middle half▼ 17.8%€168,727within the sector's middle half▼ 36.3%
Debt€113,369▼ 12.3%€113,496▲ 0.1%€108,456▼ 4.4%€79,641▼ 26.6%€73,503▼ 7.7%
Working capital€137,495▲ 22.8%€169,256▲ 23.1%€212,867▲ 25.8%€184,868▼ 13.2%€95,224▼ 48.5%
Solvency56.5%within the sector's middle half▲ 6.4pp60.3%within the sector's middle half▲ 3.8pp66.3%within the sector's middle half▲ 6.1pp69.9%within the sector's middle half▲ 3.6pp56.4%within the sector's middle half▼ 13.5pp
above
within
below
the middle half (P25 to P75) of NACE 58, Publishing activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €90,170 in 2025 against €31,557 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €168,727
Equity
€95,224 ▼ 48.5%
Debt
€73,503 ▼ 7.7%
Debt's share of the balance-sheet total rises from 30.1% to 43.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€89,997▼
2024 · -€30,927
Cash flow
-€89,644▼
2024 · -€27,999
Current ratio
2.30▼
2024 · 3.32
Debt to equity
0.77▲
2024 · 0.43
ROE
-94.3%▼
2024 · -15.5%
ROA
-53.2%▼
2024 · -10.8%
Interest coverage
-361.89▼
2024 · -65.59
Debt ≤ 1 year
€73,503▼
2024 · €79,641
Income taxes
€256▲
2024 · -€2,946
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,827 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a loss of 10% of the balance sheet or more
1.5%
went bankrupt
14%
stopped otherwise
84%
still going
A further 0.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 5,827 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,805 | €6,685 | €2,174 | €630 | €173 | ▼ 72.6% |
| Other operating charges640/8 | - | €1,179 | €413 | €937 | €536 | ▼ 42.8% |
| Gross operating margin9900 | €33,817 | €40,787 | €59,268 | -€29,990 | -€89,461 | ▼ 198% |
| Operating profit (loss)9901 | €23,598 | €32,922 | €56,680 | -€31,557 | -€90,170 | ▼ 186% |
| Financial income75/76B | - | €3 | €6 | €453 | €858 | ▲ 89.4% |
| Recurring financial income75 | €6 | €3 | €6 | €453 | €858 | ▲ 89.4% |
| Financial charges65/66B | - | €327 | €306 | €472 | €249 | ▼ 47.3% |
| Recurring financial charges65 | €308 | €327 | €306 | €472 | €249 | ▼ 47.3% |
| Profit (loss) for the period before taxes9903 | €23,296 | €32,599 | €56,381 | -€31,575 | -€89,561 | ▼ 184% |
| Income taxes67/77 | €5,602 | €7,523 | €14,944 | -€2,946 | €256 | ▲ 109% |
| Profit (loss) for the period9904 | €17,695 | €25,076 | €41,437 | -€28,629 | -€89,817 | ▼ 214% |
| Profit (loss) for the period to be appropriated9905 | €17,695 | €25,076 | €41,437 | -€28,629 | -€89,817 | ▼ 214% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €260,527 | €285,729 | €322,126 | €264,682 | €168,727 | ▼ 36.3% |
| Fixed assets21/28 | €9,662 | €2,977 | €803 | €173 | - | - |
| Tangible fixed assets22/27 | €9,662 | €2,977 | €803 | €173 | - | - |
| Land and buildings22 | - | €2,977 | €803 | €173 | - | - |
| Current assets29/58 | €250,865 | €282,752 | €321,323 | €264,509 | €168,727 | ▼ 36.2% |
| Amounts receivable within one year40/41 | €18,590 | €15,241 | €16,734 | €5,410 | €343 | ▼ 93.7% |
| Trade receivables40 | - | €15,195 | €16,330 | - | - | - |
| Other amounts receivable41 | - | €46 | €404 | €5,410 | €343 | ▼ 93.7% |
| Cash at bank and in hand54/58 | €228,963 | €264,464 | €302,609 | €258,118 | €167,377 | ▼ 35.2% |
| Deferred charges and accrued income490/1 | - | €3,046 | €1,981 | €981 | €1,007 | ▲ 2.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €260,527 | €285,729 | €322,126 | €264,682 | €168,727 | ▼ 36.3% |
| Equity10/15 | €147,157 | €172,233 | €213,670 | €185,041 | €95,224 | ▼ 48.5% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €20,000 | €20,000 | = |
| Capital10 | - | €18,600 | €18,600 | - | - | - |
| Issued capital100 | - | €18,600 | €18,600 | - | - | - |
| Reserves13 | €128,557 | €153,633 | €195,070 | €165,041 | €75,224 | ▼ 54.4% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Legal reserve130 | - | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | = |
| Distributable reserves133 | - | €151,773 | €193,210 | €163,181 | €73,364 | ▼ 55.0% |
| Amounts payable17/49 | €113,369 | €113,496 | €108,456 | €79,641 | €73,503 | ▼ 7.7% |
| Amounts payable within one year42/48 | €113,369 | €113,496 | €108,456 | €79,641 | €73,503 | ▼ 7.7% |
| Financial debts43 | - | - | - | - | €60 | - |
| Credit institutions430/8 | - | - | - | - | €60 | - |
| Trade debts44 | €2,599 | €5,016 | €1,822 | €1,374 | €1,371 | ▼ 0.2% |
| Suppliers440/4 | - | €5,016 | €1,822 | €1,374 | €1,371 | ▼ 0.2% |
| Taxes, remuneration and social security45 | - | €11,941 | €19,229 | €1,848 | €1,800 | ▼ 2.6% |
| Taxes450/3 | - | €11,941 | €19,229 | €1,848 | €1,800 | ▼ 2.6% |
| Other amounts payable47/48 | - | €96,539 | €87,405 | €76,419 | €70,272 | ▼ 8.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €17,695 | €25,076 | €41,437 | -€28,629 | -€89,817 | ▼ 214% |
| + Depreciation and write-downs630 | €7,805 | €6,685 | €2,174 | €630 | €173 | ▼ 72.6% |
| Operating cash flow (approximation) | €25,499 | €31,761 | €43,611 | -€27,999 | -€89,644 | ▼ 220% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | - | - |
| Change in cash | - | €35,501 | €38,144 | -€44,490 | -€90,741 | ▼ 104% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2026
14-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 14 days late
2025
31-12
Financial
Weakest financial yearnet -€89,817
Net result drops to -€89,817, the lowest in the series.
22-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 23 days late
2024
04-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial
Highest result since 2019net €41,437 ▲65.2%
Operating result €56,680, net result €41,437, both a record.
30-06
Financial
Equity above €200,000Eq €213,670 ▲24.1%
4 profitable years in a row build equity to €213,670.
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-06
Financial
Equity above €150,000Eq €172,233 ▲17%
3 profitable years in a row build equity to €172,233.
28-02
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 28 days late
2021
02-02
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 2 days late
2020
30-06
Financial
Back to profitnet €8,890
Net result €8,890 after one loss-making year.
26-02
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 26 days late
Show earlier events
2018
21-12
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
07-02
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 7 days late
2017
20-01
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Kapelle-op-den-Bos
Ground area
1,496 m²
Building footprint
266 m²
Volume, LiDAR
1,431 m³
Parcel 23067B0028/00L000, Flanders · tallest building 6.5 m, ±2 floors. Linked by address, not a title deed.
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23067B0028/00L000 | Flanders | 1,496 m² | 1 · 265 m² | 6.5 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 1,289 companies in sector 58290 we hold annual accounts for 594. 472 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded17-07-2003
Fiscal year end31-12
Activities, NACEBEL 2025
58290Other software publishing
47400Retail sale of information and communication equipment
E-invoicing
Reachable via Peppol
Peppol ID
0208:0859680217
Also
9925:BE0859680217
Registered
03-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.