DEMET & CO
ActiveThe computed 12-month bankruptcy probability of DEMET & CO is 1.9% (moderate). The 2024 annual accounts show negative equity (€-104k) and a net result of €-27k. Equity is shrinking by ~30.1% per year across the filed fiscal years. Its solvency ranks better than 5% of 2091 sector peers (fiscal year 2024). The company has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
22
/ 100
Critical
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0=
Solvency0=
Growth55▲+33
Track record100
Bankruptcy probability, 12 months
1.9%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.05 against 0.09 in 2023; short-term debt: 345.1% and cash: 13.9% of total assets), and equity is negative.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+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 2024Solvency, return and age of the figures
Solvency
-245.1%
Return on assets
-62.3%
Age of the figures
21 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 10
Relative position
BE, all sectors
reference
Sector 10
higher
← 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 · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €-104k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-07-2025, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
1 d early
2023
13 d late
2022
1 d late
2021
28 d late
2020
28 d late
2019
47 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Turnover
€33k▲ 896%
2023 · €3k
2018: €8k
2019: €23k
2020: €18k
2021: €38k
2022: €41k
2023: €3k
2018 → 2024
EBIT margin
-79.1%▲ 545.9pp
2023 · -625.0%
2018: -246.4%
2019: -66.0%
2020: -82.9%
2021: -27.6%
2022: -18.5%
2023: -625.0%
2018 → 2024
Net result
€-27k▼ 25.7%
2023 · €-21k
2018: €-20k
2019: €-16k
2020: €-15k
2021: €-11k
2022: €-8k
2023: €-21k
2018 → 2024
Working capital
€-139k▼ 19.8%
2023 · €-116k
2018: €-82k
2019: €-96k
2020: €-102k
2021: €-104k
2022: €-102k
2023: €-116k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€18k-€38k▲ 115%€41k▲ 7.8%€3k▼ 91.9%€33k▲ 896%
Equity€-38k-€-49k▼ 28.6%€-57k▼ 16.8%€-78k▼ 37.2%€-104k▼ 34.1%
Operating result€-15k-€-11k▲ 28.5%€-8k▲ 27.5%€-21k▼ 173%€-26k▼ 26.0%
Net result€-15k-€-11k▲ 28.0%€-8k▲ 24.2%€-21k▼ 158%€-27k▼ 25.7%
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 €26k in 2024 against €21k in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €43k
Fixed assets
€35k▼ 14.0%
Current assets
€8k▼ 36.1%
Key figures and ratios
EBITDA
€-16k▼
2023 · €-12k
Cash flow
€-17k▼
2023 · €-12k
Solvency
-245.1%▼
2023 · -147.9%
Current ratio
0.05▼
2023 · 0.09
Quick ratio
0.05▼
2023 · 0.09
Debt / equity
-1.41▲
2023 · -1.68
ROA
-62.3%▼
2023 · -40.1%
Interest coverage
-62.83▼
2023 · -38.46
Debt
€147k▲
2023 · €131k
Debt ≤ 1 year
€147k▲
2023 · €128k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€53k€43k▼
Fixed assets21/28€41k€35k▼
Tangible fixed assets22/27€41k€35k▼
Plant, machinery and equipment23€40k€31k▼
Furniture and vehicles24€761€4k▲
Current assets29/58€12k€8k▼
Amounts receivable within one year40/41€3k€558▼
Trade receivables40€2k€558▼
Other amounts receivable41€644-
Cash at bank and in hand54/58€9k€6k▼
Deferred charges and accrued income490/1€523€1k▲
Equity and liabilities
Total equity and liabilities10/49€53k€43k▼
Equity10/15€-78k€-104k▼
Contributions10/11€500€500=
Reserves13€50€50=
Non-distributable reserves130/1€50€50=
Other1319€50€50=
Profit (loss) carried forward14€-78k€-105k▼
Amounts payable17/49€131k€147k▲
Amounts payable within one year42/48€128k€147k▲
Trade debts44€7k€8k▲
Suppliers440/4€7k€8k▲
Other amounts payable47/48€121k€139k▲
Accrued charges and deferred income492/3€2k-
Income statement
Code20232024
Turnover70€3k€33k▲
Goods, raw materials, services and sundry goods60/61€48k€49k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9k€10k▲
Other operating charges640/8€253€282▲
Non-recurring operating charges66A-€1k
Gross operating margin9900€-12k€-15k▼
Operating profit (loss)9901€-21k€-26k▼
Financial income75/76B€52€11▼
Recurring financial income75€52€11▼
Financial charges65/66B€307€262▼
Recurring financial charges65€307€262▼
Profit (loss) for the period before taxes9903€-21k€-27k▼
Profit (loss) for the period9904€-21k€-27k▼
Profit (loss) for the period to be appropriated9905€-21k€-27k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-78k€-105k▼
Profit (loss) brought forward from the previous period14P€-57k€-78k▼
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-27k
Net result drops to €-27k, the lowest in the series.
13-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 13 days late
2023
01-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 1 day late
2022
28-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 28 days late
2021
28-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 28 days late
2020
16-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 47 days late
2019
23-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 23 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
2017
21-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
28-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Middelkerke · 1 establishment unit since 2013
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.
Rietstraat 268430 MiddelkerkeGround area
5,642 m²
Building footprint
111 m²
Volume, LiDAR
795 m³
Parcel 35011A0413/00E000, Flanders · tallest building 7.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
s-bvba DEMET & CO
since 20132.222.104.011
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35011A0413/00E000 | Flanders | 5,642 m² | 1 · 111 m² | 7.6 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteMiddelkerke2.222.104.011
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Of 232 companies in sector 10830 we hold annual accounts for 113. 37 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded17-09-2013
Fiscal year end31-12
Activities, NACEBEL
10830Manufacture of food products
47210Retail sale of fruit and vegetables
47810Retail trade
56102Limited-service restaurants
56112Limited-service restaurants, excluding mobile food services
Sources
Crossroads Bank for EnterprisesNational Bank · 11 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.