DEMERLAND
ActiveSummary
DEMERLAND has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €102,797 and a net result of €2,767. Equity is shrinking by ~2.5% per year across the filed fiscal years. Its solvency ranks better than 81% of 1765 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability71▲+67
Solvency99▼-1
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9,000 at 30 days acceptable
Liquidity ample (current ratio 3.56 against 3.55 in 2024; short-term debt: 26% and cash: 82.1% of total assets), and 26% 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○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 01
Relative position
BE, all sectors
reference
Crop and animal production, hunting and related service activities (NACE 01)
about 70% 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
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
74%
Return on assets
2%
Age of the figures
9 mo
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 29-07-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
1 d early
2023
4 d early
2022
2 d early
2021
2 d early
2020
1 d early
2019
4 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 1 day before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 37% 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 29 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€102,797▲ 2.8%
2024 · €100,031
Total assets
€138,912▲ 3.7%
2024 · €134,017
Net result
€2,767
2024 · -€15,741
Working capital
€92,615▲ 7.1%
2024 · €86,512
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 01, Crop and animal production, hunting and related service 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€8,746▼ 65.5%-€16,549-€8,241▲ 50.2%-€15,631▼ 89.7%€2,886
Net result€5,394within the sector's middle half▼ 41.9%-€10,589below the sector's middle half-€8,588below the sector's middle half▲ 18.9%-€15,741below the sector's middle half▼ 83.3%€2,767below the sector's middle half
Equity€134,949within the sector's middle half▲ 4.2%€124,360within the sector's middle half▼ 7.8%€115,772within the sector's middle half▼ 6.9%€100,031within the sector's middle half▼ 13.6%€102,797below the sector's middle half▲ 2.8%
Total assets€266,774within the sector's middle half▼ 7.5%€213,182within the sector's middle half▼ 20.1%€184,058within the sector's middle half▼ 13.7%€134,017within the sector's middle half▼ 27.2%€138,912below the sector's middle half▲ 3.7%
Debt€131,825▼ 17.0%€88,822▼ 32.6%€68,286▼ 23.1%€33,986▼ 50.2%€36,115▲ 6.3%
Working capital€126,418above the sector's middle half▲ 6.0%€102,866above the sector's middle half▼ 18.6%€98,918above the sector's middle half▼ 3.8%€86,512within the sector's middle half▼ 12.5%€92,615within the sector's middle half▲ 7.1%
Solvency50.6%within the sector's middle half▲ 5.7pp58.3%within the sector's middle half▲ 7.7pp62.9%above the sector's middle half▲ 4.6pp74.6%above the sector's middle half▲ 11.7pp74.0%above the sector's middle half▼ 0.6pp
Current ratio1.96within the sector's middle half▲ 0.212.16within the sector's middle half▲ 0.202.45above the sector's middle half▲ 0.293.55above the sector's middle half▲ 1.103.56above the sector's middle half▲ 0.02
Return on assets (ROA)2.0%within the sector's middle half▼ 1.2pp-5.0%below the sector's middle half▼ 7.0pp-4.7%below the sector's middle half▲ 0.3pp-11.7%below the sector's middle half▼ 7.1pp2.0%within the sector's middle half▲ 13.7pp
Staff (FTE)
above
within
below
the middle half (P25 to P75) of NACE 01, Crop and animal production, hunting and related service 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 returns to profit in 2025: €2,886 after a loss of €15,631 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €138,912
Fixed assets
€10,182 ▼ 24.7%
Current assets
€128,730 ▲ 6.8%
Equity and liabilities €138,912
Equity
€102,797 ▲ 2.8%
Debt
€36,115 ▲ 6.3%
Debt's share of the balance-sheet total rises from 25.4% to 26.0%. Equity and debt are higher.
Key figures and ratios
EBITDA
€6,222▲
2024 · -€12,295
Cash flow
€6,103▲
2024 · -€12,405
Debt to equity
0.35▲
2024 · 0.34
ROE
2.7%▲
2024 · -15.7%
Interest coverage
52.03▲
2024 · -111.29
Debt ≤ 1 year
€36,115▲
2024 · €33,986
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 10,905 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
0.6%
went bankrupt
4.0%
stopped otherwise
95%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% 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 497,662 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% | 1.7% |
| 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 75% 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 10,905 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 | €1,706 | €3,336 | €4,640 | €3,336 | €3,336 | = |
| Other operating charges640/8 | €410 | €62 | €2,405 | €877 | - | - |
| Gross operating margin9900 | €10,861 | -€13,151 | -€1,196 | -€11,418 | €6,222 | ▲ 154% |
| Operating profit (loss)9901 | €8,746 | -€16,549 | -€8,241 | -€15,631 | €2,886 | ▲ 118% |
| Financial income75/76B | - | €6,280 | - | €0 | - | - |
| Recurring financial income75 | - | €6,280 | - | €0 | - | - |
| Financial charges65/66B | - | €320 | €347 | €110 | €120 | ▲ 8.3% |
| Recurring financial charges65 | - | €320 | €347 | €110 | €120 | ▲ 8.3% |
| Profit (loss) for the period before taxes9903 | €8,746 | -€10,589 | -€8,588 | -€15,741 | €2,767 | ▲ 118% |
| Income taxes67/77 | €3,351 | - | - | - | - | - |
| Profit (loss) for the period9904 | €5,394 | -€10,589 | -€8,588 | -€15,741 | €2,767 | ▲ 118% |
| Profit (loss) for the period to be appropriated9905 | €5,394 | -€10,589 | -€8,588 | -€15,741 | €2,767 | ▲ 118% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €266,774 | €213,182 | €184,058 | €134,017 | €138,912 | ▲ 3.7% |
| Fixed assets21/28 | €8,531 | €21,495 | €16,855 | €13,518 | €10,182 | ▼ 24.7% |
| Tangible fixed assets22/27 | €8,531 | €21,495 | €16,855 | €13,518 | €10,182 | ▼ 24.7% |
| Land and buildings22 | - | €6,825 | €5,119 | €3,412 | €1,706 | ▼ 50.0% |
| Furniture and vehicles24 | €8,531 | €14,670 | €11,736 | €10,106 | €8,476 | ▼ 16.1% |
| Current assets29/58 | €258,243 | €191,687 | €167,204 | €120,498 | €128,730 | ▲ 6.8% |
| Amounts receivable within one year40/41 | €141,208 | €25,190 | €24,584 | €13,092 | €14,701 | ▲ 12.3% |
| Trade receivables40 | €141,208 | €13,817 | €9,038 | €11,040 | €11,447 | ▲ 3.7% |
| Other amounts receivable41 | - | €11,373 | €15,546 | €2,052 | €3,254 | ▲ 58.6% |
| Cash at bank and in hand54/58 | €117,035 | €166,497 | €142,620 | €107,406 | €114,029 | ▲ 6.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €266,774 | €213,182 | €184,058 | €134,017 | €138,912 | ▲ 3.7% |
| Equity10/15 | €134,949 | €124,360 | €115,772 | €100,031 | €102,797 | ▲ 2.8% |
| Contributions10/11 | €88,810 | €88,810 | €88,810 | €88,810 | €88,810 | = |
| Capital10 | €88,810 | €88,810 | €88,810 | €88,810 | €88,810 | = |
| Issued capital100 | €88,810 | €88,810 | €88,810 | €88,810 | €88,810 | = |
| Reserves13 | €46,139 | €35,550 | €35,550 | €35,550 | €35,550 | = |
| Non-distributable reserves130/1 | €8,881 | €8,881 | €8,881 | €8,881 | €8,881 | = |
| Legal reserve130 | €8,881 | €8,881 | €8,881 | €8,881 | €8,881 | = |
| Distributable reserves133 | €37,258 | €26,669 | €26,669 | €26,669 | €26,669 | = |
| Profit (loss) carried forward14 | - | - | -€8,588 | -€24,330 | -€21,563 | ▲ 11.4% |
| Amounts payable17/49 | €131,825 | €88,822 | €68,286 | €33,986 | €36,115 | ▲ 6.3% |
| Amounts payable within one year42/48 | €131,825 | €88,822 | €68,286 | €33,986 | €36,115 | ▲ 6.3% |
| Trade debts44 | €70,585 | €33,235 | €18,151 | €3,197 | €3,113 | ▼ 2.6% |
| Suppliers440/4 | €70,585 | €33,235 | €18,151 | €3,197 | €3,113 | ▼ 2.6% |
| Taxes, remuneration and social security45 | €3,351 | - | - | €0 | - | - |
| Taxes450/3 | €3,351 | - | - | €0 | - | - |
| Other amounts payable47/48 | €57,888 | €55,586 | €50,135 | €30,789 | €33,001 | ▲ 7.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5,394 | -€10,589 | -€8,588 | -€15,741 | €2,767 | ▲ 118% |
| + Depreciation and write-downs630 | €1,706 | €3,336 | €4,640 | €3,336 | €3,336 | = |
| Operating cash flow (approximation) | €7,100 | -€7,253 | -€3,948 | -€12,405 | €6,103 | ▲ 149% |
| Investment in fixed assets (approximation) | - | -€16,300 | €0 | €0 | €0 | - |
| Change in cash | - | €49,463 | -€23,877 | -€35,214 | €6,623 | ▲ 119% |
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
29-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Back to profitnet €2,767
Net result €2,767 after 3 loss-making years.
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet -€15,741
Net result drops to -€15,741, the lowest in the series; recovery starts the following year.
27-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
29-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €9,282 ▲536%
Operating result €25,356, net result €9,282, both a record.
04-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 4 days late
2019
31-12
Financial
Back to profitnet €1,460
Net result €1,460 after one loss-making year.
30-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 28 days late
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 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, Hasselt · 1 establishment unit since 2009
Ground area
4,788 m²
Building footprint
248 m²
Parcel 71028A0224/00E000, Flanders. Linked by address, not a title deed.
1 establishment unit
DEMERLAND
since 20092.177.541.221
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71028A0224/00E000 | Flanders | 4,788 m² | 1 · 247 m² | - |
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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteHasselt2.177.541.221
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Of 4,676 companies in sector 01610 we hold annual accounts for 1,369. 1,098 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded03-01-2009
Fiscal year end31-12
Activities, NACEBEL 2025
01610Support activities for crop production
43211General electrical installation work
01110Growing of cereals (except rice), leguminous crops and oil seeds
02400Forestry and logging
43230Insulation installation
43320Joinery installation
43422Screed work
55204Guest rooms (bed and breakfast)
68321Property management for co-owned buildings (syndics)
70200Business and other management consultancy
71112Activities of interior architects
71121Engineering and related technical consultancy, excluding land surveyors
E-invoicing
Reachable via Peppol
Peppol ID
0208:0809215570
Also
9925:BE0809215570
Registered
05-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.