DEMEYS
ActiveSummary
The computed 12-month bankruptcy probability of DEMEYS is 2.1% (moderate). The 2024 annual accounts show equity of €238,285 and a net result of €22,603. Equity is growing by ~35.9% per year across the filed fiscal years. Its solvency ranks better than 78% of 36381 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability77▼-23
Solvency97▼-3
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
2.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €15,000 at 30 days acceptable
Liquidity ample (current ratio 3.59 against 5.19 in 2023; short-term debt: 27.5% and cash: 6.6% of total assets), and 27.8% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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 →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 09-10-2025, 70 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 · 5 filingsDeviation from the deadline
2025
not confirmed
2024
70 d late
2023
61 d late
2022
65 d late
2021
72 d late
2020
61 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 66 days after 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 (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€238,285▲ 10.5%
2023 · €215,682
Total assets
€330,120▲ 24.3%
2023 · €265,539
Net result
€22,603▼ 70.6%
2023 · €76,769
Working capital
€235,363▲ 12.5%
2023 · €209,143
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
Line20202021202220232024
Operating result€47,209-€75,468▲ 59.9%€52,319▼ 30.7%€98,953▲ 89.1%€31,438▼ 68.2%
Net result€36,679above the sector's middle half-€59,819above the sector's middle half▲ 63.1%€39,915above the sector's middle half▼ 33.3%€76,769above the sector's middle half▲ 92.3%€22,603within the sector's middle half▼ 70.6%
Equity€39,179within the sector's middle half-€98,998within the sector's middle half▲ 153%€138,913above the sector's middle half▲ 40.3%€215,682above the sector's middle half▲ 55.3%€238,285above the sector's middle half▲ 10.5%
Total assets€67,681below the sector's middle half-€164,760within the sector's middle half▲ 143%€168,712within the sector's middle half▲ 2.4%€265,539within the sector's middle half▲ 57.4%€330,120above the sector's middle half▲ 24.3%
Debt€28,502-€65,762▲ 131%€29,799▼ 54.7%€49,857▲ 67.3%€91,835▲ 84.2%
Working capital€29,366within the sector's middle half-€83,369within the sector's middle half▲ 184%€126,403above the sector's middle half▲ 51.6%€209,143above the sector's middle half▲ 65.5%€235,363above the sector's middle half▲ 12.5%
Solvency57.9%within the sector's middle half-60.1%within the sector's middle half▲ 2.2pp82.3%above the sector's middle half▲ 22.3pp81.2%above the sector's middle half▼ 1.1pp72.2%above the sector's middle half▼ 9.0pp
Current ratio2.03within the sector's middle half-2.27within the sector's middle half▲ 0.245.24above the sector's middle half▲ 2.975.19above the sector's middle half▼ 0.053.59above the sector's middle half▼ 1.61
Return on assets (ROA)54.2%above the sector's middle half-36.3%above the sector's middle half▼ 17.9pp23.7%above the sector's middle half▼ 12.6pp28.9%above the sector's middle half▲ 5.3pp6.8%within the sector's middle half▼ 22.1pp
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 falls in 2024; 2024 is 68% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €330,120
Fixed assets
€3,821 ▼ 41.6%
Current assets
€326,299 ▲ 26.0%
Equity and liabilities €330,120
Equity
€238,285 ▲ 10.5%
Debt
€91,835 ▲ 84.2%
Debt's share of the balance-sheet total rises from 18.8% to 27.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€37,031▼
2023 · €106,316
Cash flow
€28,196▼
2023 · €84,132
Debt to equity
0.39▲
2023 · 0.23
ROE
9.5%▼
2023 · 35.6%
Interest coverage
13.21▼
2023 · 41.10
Debt ≤ 1 year
€90,937▲
2023 · €49,857
Income taxes
€16,133▼
2023 · €26,217
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,975 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 2.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
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 26,975 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,353 | €3,966 | €6,545 | €7,362 | €5,593 | ▼ 24.0% |
| Other operating charges640/8 | - | €2,739 | €2,906 | €2,739 | €1,683 | ▼ 38.6% |
| Gross operating margin9900 | €51,373 | €82,172 | €61,770 | €109,055 | €38,714 | ▼ 64.5% |
| Operating profit (loss)9901 | €47,209 | €75,468 | €52,319 | €98,953 | €31,438 | ▼ 68.2% |
| Financial income75/76B | - | €1,985 | €3,837 | €6,620 | €10,101 | ▲ 52.6% |
| Recurring financial income75 | €931 | €1,985 | €3,837 | €6,620 | €10,101 | ▲ 52.6% |
| Financial charges65/66B | - | €680 | €2,351 | €2,587 | €2,803 | ▲ 8.4% |
| Recurring financial charges65 | €276 | €680 | €2,351 | €2,587 | €2,803 | ▲ 8.4% |
| Profit (loss) for the period before taxes9903 | €47,865 | €76,773 | €53,805 | €102,986 | €38,736 | ▼ 62.4% |
| Income taxes67/77 | €11,186 | €16,954 | €13,890 | €26,217 | €16,133 | ▼ 38.5% |
| Profit (loss) for the period9904 | €36,679 | €59,819 | €39,915 | €76,769 | €22,603 | ▼ 70.6% |
| Profit (loss) for the period to be appropriated9905 | €36,679 | €59,819 | €39,915 | €76,769 | €22,603 | ▼ 70.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €67,681 | €164,760 | €168,712 | €265,539 | €330,120 | ▲ 24.3% |
| Fixed assets21/28 | €9,812 | €15,628 | €12,510 | €6,539 | €3,821 | ▼ 41.6% |
| Tangible fixed assets22/27 | €9,812 | €15,628 | €12,510 | €6,539 | €3,821 | ▼ 41.6% |
| Plant, machinery and equipment23 | - | €2,174 | €1,638 | €689 | €1,131 | ▲ 64.3% |
| Furniture and vehicles24 | - | €13,454 | €10,872 | €5,851 | €2,690 | ▼ 54.0% |
| Current assets29/58 | €57,869 | €149,131 | €156,202 | €259,000 | €326,299 | ▲ 26.0% |
| Amounts receivable after more than one year29 | - | €80,340 | €112,061 | €219,865 | €274,932 | ▲ 25.0% |
| Other amounts receivable291 | - | €80,340 | €112,061 | €219,865 | €274,932 | ▲ 25.0% |
| Amounts receivable within one year40/41 | €56,284 | €61,871 | €34,362 | €39,135 | €28,997 | ▼ 25.9% |
| Trade receivables40 | - | €55,274 | €27,486 | €35,961 | €23,746 | ▼ 34.0% |
| Other amounts receivable41 | - | €6,598 | €6,876 | €3,174 | €5,250 | ▲ 65.4% |
| Cash at bank and in hand54/58 | - | €5,614 | €8,614 | - | €21,652 | - |
| Deferred charges and accrued income490/1 | - | €1,306 | €1,164 | - | €718 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €67,681 | €164,760 | €168,712 | €265,539 | €330,120 | ▲ 24.3% |
| Equity10/15 | €39,179 | €98,998 | €138,913 | €215,682 | €238,285 | ▲ 10.5% |
| Contributions10/11 | - | €2,500 | €2,500 | €2,500 | €2,500 | = |
| Reserves13 | - | - | €10,000 | €20,000 | €40,000 | ▲ 100% |
| Distributable reserves133 | - | - | €10,000 | €20,000 | €40,000 | ▲ 100% |
| Profit (loss) carried forward14 | €36,679 | €96,498 | €126,413 | €193,182 | €195,785 | ▲ 1.3% |
| Amounts payable17/49 | €28,502 | €65,762 | €29,799 | €49,857 | €91,835 | ▲ 84.2% |
| Amounts payable within one year42/48 | €28,502 | €65,762 | €29,799 | €49,857 | €90,937 | ▲ 82.4% |
| Current portion of amounts payable after more than one year42 | - | €20,000 | - | - | €10,000 | - |
| Financial debts43 | - | - | - | €922 | - | - |
| Credit institutions430/8 | - | - | - | €922 | - | - |
| Trade debts44 | €6,763 | €24,170 | €4,083 | €9,632 | €48,825 | ▲ 407% |
| Suppliers440/4 | - | €24,170 | €4,083 | €9,632 | €48,825 | ▲ 407% |
| Advances received on contracts in progress46 | - | €1,471 | €1,471 | €1,471 | €1,471 | = |
| Taxes, remuneration and social security45 | - | €20,121 | €24,245 | €37,833 | €30,640 | ▼ 19.0% |
| Taxes450/3 | - | €9,686 | €13,890 | €34,743 | €29,205 | ▼ 15.9% |
| Remuneration and social security454/9 | - | €10,435 | €10,354 | €3,090 | €1,435 | ▼ 53.6% |
| Accrued charges and deferred income492/3 | - | - | - | - | €899 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €36,679 | €59,819 | €39,915 | €76,769 | €22,603 | ▼ 70.6% |
| + Depreciation and write-downs630 | €3,353 | €3,966 | €6,545 | €7,362 | €5,593 | ▼ 24.0% |
| Operating cash flow (approximation) | €40,031 | €63,785 | €46,461 | €84,132 | €28,196 | ▼ 66.5% |
| Investment in fixed assets (approximation) | - | -€9,782 | -€3,427 | -€1,392 | -€2,875 | ▼ 107% |
| Change in cash | - | - | €3,000 | - | - | - |
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
2025
09-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 70 days late
2024
31-12
Financial
Weakest financial yearnet €22,603 ▼70.6%
Net result drops to €22,603, the lowest in the series.
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
31-12
Financial
Highest result since 2020net €76,769 ▲92.3%
Operating result €98,953, net result €76,769, both a record.
31-12
Financial
Equity above €200,000Eq €215,682 ▲55.3%
4 profitable years in a row build equity to €215,682.
04-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 65 days late
2022
31-12
Financial
Liquidity doublescurrent ratio 5.24
Current ratio from 2.27 to 5.24; short-term debt falls from €65,762 to €29,799.
31-12
Financial
Equity above €100,000Eq €138,913 ▲40.3%
3 profitable years in a row build equity to €138,913.
11-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 72 days late
2021
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 61 days late
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, Grimbergen · 1 establishment unit since 2019
Ground area
1,932 m²
Building footprint
163 m²
Volume, LiDAR
1,057 m³
Parcel 23402E0190/00L023, Flanders · tallest building 8.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
DEMEYS
since 20192.293.371.790
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23402E0190/00L023 | Flanders | 1,932 m² | 1 · 163 m² | 8.8 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 1,366 companies in sector 43110 we hold annual accounts for 635. 486 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
Founded16-09-2019
Fiscal year end31-12
Activities, NACEBEL 2025
43110Demolition
43230Insulation installation
43320Joinery installation
43333Wallpapering and laying of floor and wall coverings in other materials
43410Roofing work
Contact
E-mail
skoyuncu@hotmail.beGrimbergen
Phone
0485867926Grimbergen
E-invoicing
Reachable via Peppol
Peppol ID
9925:BE0734488057
Registered
01-07-2026
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.