Demefo
ActiveSummary
The computed 12-month bankruptcy probability of Demefo is 2.1% (moderate). The 2025 annual accounts show negative equity (-€18,083) and a net result of -€21,745. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 28281 sector peers (fiscal year 2025). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-100
Solvency0▼-41
Growth32▼-46
Track record100
Bankruptcy probability, 12 months
2.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.39 against 1.17 in 2024; short-term debt: 170.8% and cash: 14% of total assets), and equity is negative.
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Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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
-70.8%
Return on assets
-85.2%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€18,083
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 07-07-2026, 24 days ahead of the deadline.
NBB · 9 filingsDeviation from the deadline
2025
24 d early
2024
22 d early
2023
12 d early
2022
28 d early
2021
23 d early
2020
32 d early
2019
32 d early
← 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 25 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 8 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€18,083
2024 · €3,661
Total assets
€25,535▲ 11.8%
2024 · €22,840
Net result
-€21,745
2024 · €6,981
Working capital
-€26,758
2024 · €3,185
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction 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€4,818-€1,119-€2,027▼ 81.2%€8,815-€21,567
Net result€4,861within the sector's middle half-€1,416below the sector's middle half-€2,378below the sector's middle half▼ 68.0%€6,981within the sector's middle half-€21,745below the sector's middle half
Equity€473below the sector's middle half-€942below the sector's middle half-€3,320below the sector's middle half▼ 252%€3,661below the sector's middle half-€18,083below the sector's middle half
Total assets€24,130below the sector's middle half▲ 36.3%€19,174below the sector's middle half▼ 20.5%€11,730below the sector's middle half▼ 38.8%€22,840below the sector's middle half▲ 94.7%€25,535below the sector's middle half▲ 11.8%
Debt€23,656▲ 7.1%€20,116▼ 15.0%€15,050▼ 25.2%€19,178▲ 27.4%€43,618▲ 127%
Working capital-€231below the sector's middle half▲ 94.7%-€1,295below the sector's middle half▼ 460%-€3,320below the sector's middle half▼ 156%€3,185below the sector's middle half-€26,758below the sector's middle half
Solvency2.0%below the sector's middle half▲ 26.7pp-4.9%below the sector's middle half▼ 6.9pp-28.3%below the sector's middle half▼ 23.4pp16.0%below the sector's middle half▲ 44.3pp-70.8%below the sector's middle half▼ 86.8pp
Current ratio0.99below the sector's middle half▲ 0.190.94below the sector's middle half▼ 0.050.78below the sector's middle half▼ 0.161.17within the sector's middle half▲ 0.390.39below the sector's middle half▼ 0.78
Return on assets (ROA)20.1%above the sector's middle half▲ 84.4pp-7.4%below the sector's middle half▼ 27.5pp-20.3%below the sector's middle half▼ 12.9pp30.6%above the sector's middle half▲ 50.8pp-85.2%below the sector's middle half▼ 115.7pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €21,567 after €8,815 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €25,535
Fixed assets
€8,674 ▲ 1,723%
Current assets
€16,860 ▼ 24.6%
Key figures and ratios
EBITDA
-€19,401▼
2024 · €8,959
Cash flow
-€19,578▼
2024 · €7,125
Debt to equity
-2.41▼
2024 · 5.24
Interest coverage
-83.10▼
2024 · 19.70
Debt ≤ 1 year
€43,618▲
2024 · €19,178
Income taxes
€0▼
2024 · €1,379
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,010 companies that looked in July 2024 the way this one looks now, 7.9% went bankrupt within 24 months and 83% are still going.
- Micro
- 5 to 10 years old
- negative equity
- a loss of 10% of the balance sheet or more
7.9%
went bankrupt
8.4%
stopped otherwise
83%
still going
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.1% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 6,010 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 | €352 | €352 | €352 | €144 | €2,167 | ▲ 1,405% |
| Other operating charges640/8 | €591 | €2,409 | €1,085 | €1,590 | €2,421 | ▲ 52.3% |
| Gross operating margin9900 | €5,761 | €1,642 | -€590 | €10,549 | -€16,979 | ▼ 261% |
| Operating profit (loss)9901 | €4,818 | -€1,119 | -€2,027 | €8,815 | -€21,567 | ▼ 345% |
| Financial income75/76B | €224 | €7 | - | - | €56 | - |
| Recurring financial income75 | €224 | €7 | - | - | €56 | - |
| Financial charges65/66B | €182 | €304 | €351 | €455 | €233 | ▼ 48.7% |
| Recurring financial charges65 | €182 | €304 | €351 | €455 | €233 | ▼ 48.7% |
| Profit (loss) for the period before taxes9903 | €4,861 | -€1,416 | -€2,378 | €8,360 | -€21,745 | ▼ 360% |
| Income taxes67/77 | - | - | - | €1,379 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | €4,861 | -€1,416 | -€2,378 | €6,981 | -€21,745 | ▼ 411% |
| Profit (loss) for the period to be appropriated9905 | €4,861 | -€1,416 | -€2,378 | €6,981 | -€21,745 | ▼ 411% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €24,130 | €19,174 | €11,730 | €22,840 | €25,535 | ▲ 11.8% |
| Fixed assets21/28 | €705 | €352 | - | €476 | €8,674 | ▲ 1,723% |
| Tangible fixed assets22/27 | €705 | €352 | - | €476 | €8,674 | ▲ 1,723% |
| Land and buildings22 | - | - | - | - | €4,933 | - |
| Furniture and vehicles24 | €705 | €352 | - | €476 | €3,741 | ▲ 686% |
| Current assets29/58 | €23,425 | €18,822 | €11,730 | €22,364 | €16,860 | ▼ 24.6% |
| Amounts receivable within one year40/41 | €11,920 | €10,018 | €9,657 | €13,464 | €12,036 | ▼ 10.6% |
| Trade receivables40 | €11,920 | €10,018 | €9,657 | €13,464 | €11,979 | ▼ 11.0% |
| Other amounts receivable41 | - | - | - | - | €57 | - |
| Cash at bank and in hand54/58 | €11,505 | €8,034 | €2,073 | €8,900 | €3,577 | ▼ 59.8% |
| Deferred charges and accrued income490/1 | - | €770 | - | - | €1,247 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €24,130 | €19,174 | €11,730 | €22,840 | €25,535 | ▲ 11.8% |
| Equity10/15 | €473 | -€942 | -€3,320 | €3,661 | -€18,083 | ▼ 594% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €17 | €17 | €17 | €17 | €17 | = |
| Non-distributable reserves130/1 | €17 | €17 | €17 | €17 | €17 | = |
| Reserves not available under the articles1311 | €17 | €17 | €17 | €17 | €17 | = |
| Profit (loss) carried forward14 | -€18,143 | -€19,559 | -€21,937 | -€14,955 | -€36,700 | ▼ 145% |
| Amounts payable17/49 | €23,656 | €20,116 | €15,050 | €19,178 | €43,618 | ▲ 127% |
| Amounts payable within one year42/48 | €23,656 | €20,116 | €15,050 | €19,178 | €43,618 | ▲ 127% |
| Financial debts43 | - | - | - | - | €362 | - |
| Credit institutions430/8 | - | - | - | - | €362 | - |
| Trade debts44 | €4,845 | €4,115 | €1,504 | €5,020 | €3,349 | ▼ 33.3% |
| Suppliers440/4 | €4,845 | €4,115 | €1,504 | €5,020 | €3,349 | ▼ 33.3% |
| Taxes, remuneration and social security45 | €10,163 | €7,178 | €10,604 | €14,063 | €3,983 | ▼ 71.7% |
| Taxes450/3 | €5,932 | €2,629 | €4,765 | €11,443 | €3,983 | ▼ 65.2% |
| Remuneration and social security454/9 | €4,231 | €4,549 | €5,839 | €2,620 | €0 | ▼ 100% |
| Other amounts payable47/48 | €8,648 | €8,823 | €2,942 | €95 | €35,923 | ▲ 37,678% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4,861 | -€1,416 | -€2,378 | €6,981 | -€21,745 | ▼ 411% |
| + Depreciation and write-downs630 | €352 | €352 | €352 | €144 | €2,167 | ▲ 1,405% |
| Operating cash flow (approximation) | €5,213 | -€1,063 | -€2,025 | €7,125 | -€19,578 | ▼ 375% |
| Investment in fixed assets (approximation) | - | €0 | - | - | -€10,365 | - |
| Change in cash | - | -€3,471 | -€5,961 | €6,827 | -€5,323 | ▼ 178% |
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
Next filing, fiscal year 2026, expected by
2026
07-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
11-06
State Gazette act
Registered officeRegistered-office move2 facts ▸
State Gazette act
Registered office
Registered-office move2 facts ▸
- General meeting, 07-04-2026
- Registered-office move, Over D'Aa 73A, 2910 Essen
2025
31-12
Financial
Weakest financial yearnet -€21,745
Net result drops to -€21,745, the lowest in the series.
09-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €6,981
Net result €6,981 after 2 loss-making years.
19-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
08-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €4,861
Net result €4,861 after one loss-making year.
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
29-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Back to profitnet €536
Net result €536 after one loss-making year.
25-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
26-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 4 acts read
About the unread acts
Of the 4 Belgian State Gazette acts we know for this company, 1 has been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Essen · 1 establishment unit since 2016
Ground area
404 m²
Building footprint
97 m²
Volume, LiDAR
448 m³
Parcel 11016A0386/00Z002, Flanders · tallest building 6.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
AWD, Algemene Werken Deelen
since 20162.260.859.964
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11016A0386/00Z002 | Flanders | 404 m² | 1 · 97 m² | 6.4 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 20,026 companies in sector 43320 we hold annual accounts for 9,139. 2,468 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
Founded20-12-2016
Fiscal year end31-12
Activities, NACEBEL 2025
43320Joinery installation
43240Other construction installation
43331Floor and wall tiling
E-invoicing
Reachable via Peppol
Peppol ID
0208:0667916561
Also
9925:BE0667916561
Registered
31-03-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.