Demeco
ActiveDemeco has been active since 1954 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.69M and a net result of €-186k. Equity is shrinking by ~3.4% per year across the filed fiscal years. Its solvency ranks better than 40% of 153 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency64▼-3
Growth58=
Stability100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45k at 30 days only on tighter terms
Liquidity short (current ratio 0.63 against 0.71 in 2024), and 51.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight 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 13
Relative position
BE, all sectors
reference
Sector 13
lower
← 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
48.4%
Return on assets
-5.3%
Age of the figures
8 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity fell accordingly. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€186k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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
31 d late
2024
25 d late
2023
30 d late
2022
31 d late
2021
31 d late
2020
27 d late
2019
31 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
13-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-186k▲ 3.8%
2024 · €-194k
2018: €-287k
2019: €-3k
2020: €189k
2021: €49k
2022: €-71k
2023: €-338k
2024: €-194k
2018 → 2025
Working capital
€-590k▼ 31.3%
2024 · €-449k
2018: €-476k
2019: €-362k
2020: €-106k
2021: €292k
2022: €289k
2023: €-122k
2024: €-449k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€2.48M-€2.41M▼ 2.9%€2.07M▼ 14.0%€1.88M▼ 9.4%€1.69M▼ 9.9%
Operating result€78k-€-18k€-293k▼ 1,550%€-145k▲ 50.4%€-132k▲ 9.1%
Net result€49k-€-71k€-338k▼ 376%€-194k▲ 42.7%€-186k▲ 3.8%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €132k in 2025 against €145k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.49M
Fixed assets
€2.49M▼ 3.3%
Current assets
€1.00M▼ 10.6%
Equity and liabilities €3.49M
Equity
€1.69M▼ 9.9%
Provisions
€40k▼ 9.1%
Debt
€1.76M▼ 0.8%
The debt ratio rises from 48.0% to 50.4%: equity shrinks faster than debt is paid down.
Key figures and ratios
EBITDA
€-14k▲
2024 · €-46k
Cash flow
€-68k▲
2024 · €-94k
Solvency
48.4%▼
2024 · 50.8%
Current ratio
0.63▼
2024 · 0.71
Quick ratio
0.63▼
2024 · 0.71
Debt / equity
1.04▲
2024 · 0.95
ROE
-11.0%▼
2024 · -10.3%
ROA
-5.3%▼
2024 · -5.2%
Interest coverage
-0.24▲
2024 · -0.87
Debt
€1.76M▼
2024 · €1.77M
Debt ≤ 1 year
€1.59M▲
2024 · €1.57M
Debt > 1 year
€167k▼
2024 · €201k
Income taxes
€75▼
2024 · €146
Staff costs
€301k▼
2024 · €313k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€3.69M€3.49M▼
Fixed assets21/28€2.57M€2.49M▼
Tangible fixed assets22/27€2.57M€2.49M▼
Land and buildings22€2.49M€2.42M▼
Plant, machinery and equipment23€85k€63k▼
Financial fixed assets28€893€893=
Current assets29/58€1.12M€1.00M▼
Amounts receivable within one year40/41€861k€916k▲
Trade receivables40€511k€566k▲
Other amounts receivable41€350k€350k=
Cash at bank and in hand54/58€246k€75k▼
Deferred charges and accrued income490/1€17k€13k▼
Equity and liabilities
Total equity and liabilities10/49€3.69M€3.49M▼
Equity10/15€1.88M€1.69M▼
Contributions10/11€1.12M€1.12M=
Capital10€1.12M€1.12M=
Issued capital100€1.12M€1.12M=
Reserves13€755k€569k▼
Non-distributable reserves130/1€112k€112k=
Legal reserve130€112k€112k=
Tax-exempt reserves132€412k€405k▼
Distributable reserves133€231k€52k▼
Provisions and deferred taxes16€44k€40k▼
Deferred taxes168€44k€40k▼
Amounts payable17/49€1.77M€1.76M▼
Amounts payable after more than one year17€201k€167k▼
Financial debts170/4€201k€167k▼
Amounts payable within one year42/48€1.57M€1.59M▲
Current portion of amounts payable after more than one year42€34k€35k▲
Trade debts44€193k€254k▲
Suppliers440/4€193k€254k▲
Taxes, remuneration and social security45€96k€55k▼
Taxes450/3€62k€22k▼
Remuneration and social security454/9€34k€33k▼
Other amounts payable47/48€1.25M€1.25M=
Accrued charges and deferred income492/3€167€0▼
Income statement
Code20242025
Remuneration, social security and pensions62€313k€301k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€100k€118k▲
Other operating charges640/8€90k€79k▼
Gross operating margin9900€358k€366k▲
Operating profit (loss)9901€-145k€-132k▲
Financial income75/76B€264€0▼
Recurring financial income75€264€0▼
Financial charges65/66B€52k€58k▲
Recurring financial charges65€52k€58k▲
Profit (loss) for the period before taxes9903€-198k€-190k▲
Transfer from deferred taxes780€4k€4k=
Income taxes67/77€146€75▼
Profit (loss) for the period9904€-194k€-186k▲
Transfer from tax-exempt reserves789€8k€8k=
Profit (loss) for the period to be appropriated9905€-186k€-179k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-186k€-179k▲
Transfer from equity791/2€186k€179k▼
Social balance
Average headcount (FTE)90875.35.0▼
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 31 days late
2025
25-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 25 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 30 days late
2023
31-12
Financial
Weakest financial yearnet €-338k
Net result drops to €-338k, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 31 days late
2021
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 27 days late
2020
31-12
Financial
Back to profitnet €189k
Net result €189k after 2 loss-making years.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 31 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 acts for this company are 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, Waregem · 1 establishment unit since 1954
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Barrage 1008793 WaregemGround area
3.0 ha
Building footprint
1.8 ha
Volume, LiDAR
126,985 m³
Parcel 34035A0461/00D002, Flanders · tallest building 36.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
DEMECO
since 19542.003.355.252
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34035A0461/00D002 | Flanders | 3.0 ha | 1 · 1.8 ha | 36.8 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
ISO 2 INDUSTRIE
BE 0479.116.058
Waregem · Eq €1.67M
Weverij Van Neder
BE 0408.150.363
Anzegem · Eq €1.62M
Satinex
BE 0405.441.687
Waregem · Eq €1.81M
VERBATEX
BE 0460.925.885
Kortrijk · Eq €1.89M
FITCO
BE 0466.606.028
Oostende · Eq €1.47M
Of 136 companies in sector 13200 we hold annual accounts for 84. 65 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded26-04-1954
Fiscal year end31-12
Activities, NACEBEL
13200Manufacture of textiles
13930Manufacture of textiles
17210
47551Retail sale of household furniture
47591Retail trade
52441
Sources
Crossroads Bank for EnterprisesNational Bank · 49 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.