Summary
DEMHOLDING is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €880,211 and a net result of €236,333. Equity is growing by ~26.4% per year across the filed fiscal years. Its solvency ranks better than 30% of 2817 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
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Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-09-2026, 58 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 · 4 filingsDeviation from the deadline
2025
58 d late
2024
61 d late
2023
31 d late
2022
31 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 45 days after the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% 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 14 September (4 of the last 4 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Equity
€880,211▲ 15.6%
2024 · €761,546
Net result
€236,333▲ 48.9%
2024 · €158,762
Total assets
€2.2m▼ 3.6%
2024 · €2.3m
Solvency
40.0%▲ 6.6pp
2024 · 33.4%
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2022202320242025
Operating result€252,825-€246,750▼ 2.4%€222,834▼ 9.7%€190,444▼ 14.5%
Net result€177,415within the sector's middle half-€325,369within the sector's middle half▲ 83.4%€158,762within the sector's middle half▼ 51.2%€236,333▲ 48.9%
Equity€277,415below the sector's middle half-€602,784within the sector's middle half▲ 117%€761,546within the sector's middle half▲ 26.3%€880,211▲ 15.6%
Total assets€2.2mwithin the sector's middle half-€2.4mwithin the sector's middle half▲ 10.5%€2.3mwithin the sector's middle half▼ 4.5%€2.2m▼ 3.6%
Debt€1.9m-€1.8m▼ 5.3%€1.5m▼ 14.9%€1.3m▼ 13.2%
Working capital-€96,172within the sector's middle half--€20,190within the sector's middle half▲ 79.0%-€108,333within the sector's middle half▼ 437%-€194,750▼ 79.8%
Solvency12.8%below the sector's middle half-25.3%below the sector's middle half▲ 12.4pp33.4%within the sector's middle half▲ 8.1pp40.0%▲ 6.6pp
Current ratio0.66within the sector's middle half-0.95within the sector's middle half▲ 0.300.75within the sector's middle half▼ 0.200.57▼ 0.18
Return on assets (ROA)8.2%within the sector's middle half-13.6%above the sector's middle half▲ 5.4pp7.0%within the sector's middle half▼ 6.7pp10.7%▲ 3.8pp
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 15% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.2m
Fixed assets
€1.9m ▼ 0.5%
Current assets
€253,093 ▼ 22.0%
Equity and liabilities €2.2m
Equity
€880,211 ▲ 15.6%
Debt
€1.3m ▼ 13.2%
Debt's share of the balance-sheet total falls from 66.6% to 60.0%. Equity is higher and debt is lower.
Key figures and ratios
ROE
26.8%▲
2024 · 20.8%
Debt ≤ 1 year
€447,843▲
2024 · €432,882
Debt > 1 year
€866,139▼
2024 · €1.1m
Income taxes
€40,565▼
2024 · €47,273
Staff costs
€2,400=
2024 · €2,400
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €232 | - | - | - |
| Remuneration, social security and pensions62 | - | €1,600 | €2,400 | €2,400 | = |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,403 | €14,182 | €12,100 | €10,539 | ▼ 12.9% |
| Other operating charges640/8 | €817 | €1,067 | €286 | €296 | ▲ 3.3% |
| Non-recurring operating charges66A | - | - | €198 | - | - |
| Gross operating margin9900 | €258,045 | €263,599 | €237,818 | €203,678 | ▼ 14.4% |
| Operating profit (loss)9901 | €252,825 | €246,750 | €222,834 | €190,444 | ▼ 14.5% |
| Financial income75/76B | €2 | €150,000 | €1 | €100,000 | ▲ 19,999,900% |
| Recurring financial income75 | €2 | €150,000 | €1 | €100,000 | ▲ 19,999,900% |
| Financial charges65/66B | €22,446 | €18,578 | €16,800 | €13,547 | ▼ 19.4% |
| Recurring financial charges65 | €22,446 | €18,578 | €16,776 | €13,524 | ▼ 19.4% |
| Non-recurring financial charges66B | - | - | €24 | €23 | ▼ 4.3% |
| Profit (loss) for the period before taxes9903 | €230,381 | €378,172 | €206,034 | €276,897 | ▲ 34.4% |
| Income taxes67/77 | €52,966 | €52,803 | €47,273 | €40,565 | ▼ 14.2% |
| Profit (loss) for the period9904 | €177,415 | €325,369 | €158,762 | €236,333 | ▲ 48.9% |
| Profit (loss) for the period to be appropriated9905 | €177,415 | €325,369 | €158,762 | €236,333 | ▲ 48.9% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €2.2m | €2.4m | €2.3m | €2.2m | ▼ 3.6% |
| Formation expenses20 | €205 | €1,562 | - | - | - |
| Fixed assets21/28 | €2.0m | €2.0m | €2.0m | €1.9m | ▼ 0.5% |
| Tangible fixed assets22/27 | €52,167 | €41,629 | €31,090 | €20,552 | ▼ 33.9% |
| Furniture and vehicles24 | €52,167 | €41,629 | €31,090 | €20,552 | ▼ 33.9% |
| Financial fixed assets28 | €1.9m | €1.9m | €1.9m | €1.9m | = |
| Current assets29/58 | €183,091 | €418,710 | €324,550 | €253,093 | ▼ 22.0% |
| Amounts receivable within one year40/41 | €38,696 | €41,266 | €38,484 | €102,524 | ▲ 166% |
| Trade receivables40 | €38,696 | €41,266 | €38,484 | €42,973 | ▲ 11.7% |
| Other amounts receivable41 | - | - | - | €59,551 | - |
| Cash at bank and in hand54/58 | €143,272 | €376,153 | €284,724 | €136,079 | ▼ 52.2% |
| Deferred charges and accrued income490/1 | €1,123 | €1,291 | €1,342 | €14,489 | ▲ 980% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €2.2m | €2.4m | €2.3m | €2.2m | ▼ 3.6% |
| Equity10/15 | €277,415 | €602,784 | €761,546 | €880,211 | ▲ 15.6% |
| Contributions10/11 | €100,000 | €100,000 | €100,000 | €100,000 | = |
| Capital10 | €100,000 | €100,000 | €100,000 | €100,000 | = |
| Issued capital100 | €100,000 | €100,000 | €100,000 | €100,000 | = |
| Reserves13 | €8,871 | €10,000 | €10,000 | €10,000 | = |
| Non-distributable reserves130/1 | €8,871 | €10,000 | €10,000 | €10,000 | = |
| Legal reserve130 | €8,871 | €10,000 | €10,000 | €10,000 | = |
| Profit (loss) carried forward14 | €168,544 | €492,784 | €651,546 | €770,211 | ▲ 18.2% |
| Amounts payable17/49 | €1.9m | €1.8m | €1.5m | €1.3m | ▼ 13.2% |
| Amounts payable after more than one year17 | €1.6m | €1.3m | €1.1m | €866,139 | ▼ 19.6% |
| Financial debts170/4 | €1.6m | €1.3m | €1.1m | €866,139 | ▼ 19.6% |
| Amounts payable within one year42/48 | €279,264 | €438,899 | €432,882 | €447,843 | ▲ 3.5% |
| Current portion of amounts payable after more than one year42 | €205,512 | €206,980 | €261,503 | €263,996 | ▲ 1.0% |
| Trade debts44 | €6,320 | €60,341 | €7,846 | €50,287 | ▲ 541% |
| Suppliers440/4 | €6,320 | €60,341 | €7,846 | €50,287 | ▲ 541% |
| Taxes, remuneration and social security45 | €67,432 | €71,578 | €63,462 | €33,546 | ▼ 47.1% |
| Taxes450/3 | €64,555 | €71,578 | €63,180 | €33,546 | ▼ 46.9% |
| Remuneration and social security454/9 | €2,876 | - | €282 | - | - |
| Other amounts payable47/48 | - | €100,000 | €100,072 | €100,014 | ▼ 0.1% |
| Accrued charges and deferred income492/3 | €9,278 | €6,129 | €8,626 | €4,451 | ▼ 48.4% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €177,415 | €325,369 | €158,762 | €236,333 | ▲ 48.9% |
| + Depreciation and write-downs630 | €4,403 | €14,182 | €12,100 | €10,539 | ▼ 12.9% |
| Operating cash flow (approximation) | €181,818 | €339,551 | €170,862 | €246,871 | ▲ 44.5% |
| Investment in fixed assets (approximation) | - | -€3,643 | -€1,562 | €0 | ▲ 100% |
| Change in cash | - | €232,880 | -€91,429 | -€148,645 | ▼ 62.6% |
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
27-09
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 58 days late
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 61 days late
2024
31-12
Financial
Weakest financial yearnet €158,762 ▼51.2%
Net result drops to €158,762, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 31 days late
2023
31-12
Financial
Highest result since 2022net €325,369 ▲83.4%
Net result €325,369, the highest in the series.
31-12
Financial
Equity above €500,000Eq €602,784 ▲117%
2 profitable years in a row build equity to €602,784.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 31 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, Perwez · 1 establishment unit since 2021
Ground area
5,575 m²
Building footprint
192 m²
Parcel 25101A0200/00M000, Wallonia. Linked by address, not a title deed.
13
companies at this address
See who is registered here
1 establishment unit
SA DEMHOLDING
since 20212.335.108.714
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25101A0200/00M000 | Wallonia | 5,575 m² | 1 · 192 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.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2024 list no shareholders, and no other source names one.
Holdings 1
-
99.98%
According to the 2024 annual accounts of DEMHOLDING and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Of 24,721 companies in sector 64210 we hold annual accounts for 19,799. 13,224 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
Founded29-11-2021
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
E-invoicing
Reachable via Peppol
Peppol ID
0208:0777785095
Registered
23-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.