Equity
DEMI CONSTRUCT has made a profit without a break since 2022.
DEMI CONSTRUCT has made a profit without a break since 2022.
In 2025, 1 person joined and 1 left.
DEMI CONSTRUCT pays its suppliers 17 days earlier than in 2024. Customers pay 2 days later.
Short-term debts fell from €98,062 to €66,310.
Nine of the last ten came late. The 2016 accounts came latest: 697 days after the end of the period.
Less equity than 83% of companies in specialised construction. Sector median €459,014 · 2,463 companies.
The dashed line is the sector median: 0.7% across 47,693 companies (NACE 43, micro).
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, micro). It does better than 45% of them on solvency, 63% on liquidity, 32% on profitability and 47% on growth.
The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 34,693 companies had the same profile as DEMI CONSTRUCT has now. Each dot stands for 87 companies, two years later.
That fits the bankruptcy probability of DEMI CONSTRUCT itself: 0.5% within 12 months.
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 34,693 companies, not a prediction for DEMI CONSTRUCT. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Liquidity is ample, with a current ratio of 1.99 (1.53 in 2024), above the usual 1.5. Short-term debt is 46.9% and cash 30.4% of total assets. However, 58.2% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 60 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| DEMI CONSTRUCT Brussels | €607,836 | 3.0% | 41.8% | 3 |
| CORTIBAT Neupré | - | - | 39.2% | 3.1 |
| VAN DEN BERGH VERANDA'S Essen | - | - | 53.7% | 3 |
| P.J.T. Brussels | €555,682 | 8.8% | 66.9% | 2 |
| RAXHON Montage Ans | - | - | 13.1% | 4.3 |
| VMN Services Walhain | - | - | 0.1% | 5.2 |
| DEGROVI Hasselt | - | - | -63.8% | 3 |
Grey: the largest companies of the sector (specialised construction (NACE 43)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as DEMI CONSTRUCT: other specialised construction activities (NACE 43990). They are comparable in size and age: total assets between €155,000 and €253,000, founded between 2000 and 2014.
DEMI CONSTRUCT has existed since 2010. Turnover fell from €150,490 in 2013 to €39,447 in 2014.
Solvency rose in 2025 from 27.8% to 41.8% because of the retained profit and lower debts.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Higher than 49% of 2,463 companies in 2025.
Higher than 61% of 2,436 companies in 2025.
Higher than 69% of 2,454 companies in 2025.
Net result: middle half · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: middle half · Staff: bottom quarter
Staff costs divided by the average number of full-time equivalents.
In 2025, 1 person joined and 1 left.
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||||
20/58 |
141,454 | 166,122 | 132,227 | 72,876 | 36,575 | 71,225 | 57,695 | 50,853 | 51,390 | 21,319 | 28,878 | 17,527 | 21,139 | |
20 |
- | - | - | - | - | - | - | - | - | - | - | - | 190 | |
21/28 |
9,617 | 16,546 | 25,092 | 29,542 | 922 | 4,547 | 8,496 | 11,781 | 16,203 | 3,765 | 5,506 | 2,231 | 4,808 | |
22/27 |
9,467 | 16,396 | 24,942 | 29,392 | 772 | 4,397 | 8,346 | 11,631 | 16,053 | 3,765 | 5,506 | 2,231 | 4,618 | |
22 |
- | - | - | - | - | - | - | - | - | - | - | 165 | 330 | |
23 |
812 | 1,218 | 1,624 | 221 | 442 | 662 | 883 | - | - | - | - | - | 156 | |
24 |
3,275 | 4,418 | 7,178 | 7,651 | 330 | 3,735 | 7,463 | 11,631 | 16,053 | 3,765 | 5,506 | 2,066 | 4,132 | |
25 |
5,380 | 10,760 | 16,140 | 21,520 | - | - | - | - | - | - | - | - | - | |
28 |
150 | 150 | 150 | 150 | 150 | 150 | 150 | 150 | 150 | - | - | - | - | |
29/58 |
131,837 | 149,576 | 107,135 | 43,334 | 35,653 | 66,678 | 49,199 | 39,072 | 35,187 | 17,554 | 23,372 | 15,296 | 16,331 | |
40/41 |
51,845 | 72,088 | 64,332 | 18,896 | 24,821 | 21,952 | 24,956 | 21,124 | 24,446 | 3,864 | 9,087 | 13,993 | 12,311 | |
40 |
23,697 | 24,897 | 32,678 | 11,095 | 15,987 | 11,987 | 24,133 | 14,040 | 19,372 | 3,863 | 8,241 | 4,452 | 5,215 | |
41 |
28,148 | 47,191 | 31,654 | 7,801 | 8,834 | 9,965 | 823 | 7,084 | 5,074 | 1 | 846 | 9,541 | 7,096 | |
54/58 |
43,046 | 77,488 | 42,803 | 24,438 | 10,467 | 44,726 | 24,243 | 17,798 | 10,741 | 13,690 | 14,285 | 1,070 | 4,020 | |
490/1 |
36,946 | - | - | - | 365 | - | - | 150 | - | - | - | 233 | - | |
| Balance sheet: equity and liabilities | ||||||||||||||
10/49 |
141,454 | 166,122 | 132,227 | 72,876 | 36,575 | 71,225 | 57,695 | 50,853 | 51,390 | 21,319 | 28,878 | 17,527 | 21,139 | |
10/15 |
59,133 | 46,216 | 37,663 | 9,791 | 2,726 | 11,229 | 18,783 | 21,096 | 20,724 | 15,464 | 7,587 | 2,849 | 7,393 | |
10/11 |
6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | 6,200 | |
10 |
6,200 | 6,200 | 6,200 | 6,200 | 6,200 | - | - | - | - | - | - | - | - | |
100 |
18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | |
101 |
12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | 12,400 | |
13 |
1,021 | 1,021 | 1,021 | 1,021 | 1,021 | 1,021 | 1,021 | 1,021 | 1,002 | 739 | 345 | 291 | 291 | |
130/1 |
1,021 | 1,021 | 1,021 | 1,021 | 1,021 | 1,021 | - | - | - | - | - | - | - | |
130 |
1,021 | 1,021 | 1,021 | 1,021 | 1,021 | 1,021 | 1,021 | 1,021 | 1,002 | 739 | 345 | 291 | 291 | |
14 |
51,912 | 38,995 | 30,442 | 2,570 | -4,495 | 4,008 | 11,562 | 13,875 | 13,522 | 8,525 | 1,042 | -3,642 | 902 | |
17/49 |
82,321 | 119,906 | 94,564 | 63,085 | 33,849 | 59,996 | 38,912 | 29,757 | 30,666 | 5,855 | 21,291 | 14,678 | 13,746 | |
17 |
6,931 | 9,951 | 12,884 | 15,109 | - | 591 | 4,126 | 7,661 | 11,144 | - | - | - | - | |
170/4 |
6,931 | 9,951 | 12,884 | 15,109 | - | 591 | 4,126 | 7,661 | 11,144 | - | - | - | - | |
42/48 |
66,310 | 98,062 | 64,279 | 47,626 | 33,849 | 52,927 | 23,118 | 20,396 | 15,752 | 3,885 | 21,291 | 14,678 | 13,746 | |
42 |
3,005 | 2,916 | 2,808 | 3,305 | 591 | 3,535 | 3,518 | 3,449 | 3,483 | - | - | - | - | |
44 |
8,202 | 40,413 | 8,702 | 5,471 | 242 | 112 | 441 | 158 | 6,095 | 336 | 9,491 | 479 | 107 | |
440/4 |
8,202 | 40,413 | 8,702 | 5,471 | 242 | 112 | 441 | 158 | 6,095 | 336 | 9,491 | 479 | 107 | |
45 |
9,465 | 8,834 | 13,430 | 4,198 | 2,992 | 24,276 | - | - | - | 2,334 | 235 | 235 | 235 | |
450/3 |
- | - | - | - | - | 1,673 | - | - | - | 2,334 | - | - | - | |
454/9 |
9,465 | 8,834 | 13,430 | 4,198 | 2,992 | 22,603 | - | - | - | 0 | 235 | 235 | 235 | |
47/48 |
45,638 | 45,899 | 39,339 | 34,652 | 30,024 | 25,004 | 19,159 | 16,789 | 6,174 | 1,215 | 11,565 | 13,964 | 13,404 | |
492/3 |
9,080 | 11,893 | 17,401 | 350 | - | 6,478 | 11,668 | 1,700 | 3,770 | 1,970 | - | - | - | |
| Income statement | ||||||||||||||
70 |
607,836 | 777,792 | 644,749 | 605,418 | 386,993 | 311,800 | 268,032 | 153,278 | 139,396 | 86,532 | 89,890 | 39,447 | 150,490 | |
9900 |
192,951 | 174,957 | 189,317 | 159,103 | 102,956 | 39,887 | 6,025 | 8,076 | 15,037 | 11,899 | 10,611 | -58 | 9,904 | |
60/61 |
415,857 | 604,108 | 455,431 | 446,315 | 284,037 | 271,913 | 262,007 | 145,202 | 124,359 | 74,632 | 79,279 | 39,505 | 140,586 | |
62 |
157,108 | 146,917 | 148,055 | 142,200 | 90,603 | 42,048 | - | - | - | - | - | - | - | |
630 |
9,141 | 8,546 | 8,932 | 7,709 | 4,121 | 3,949 | 4,389 | 4,454 | 6,321 | 2,599 | 4,544 | 2,387 | 2,497 | |
640/8 |
8,537 | 2,197 | 1,580 | 1,950 | 16,659 | 1,372 | 2,731 | 619 | 1,263 | 1,020 | 1,280 | 1,411 | 1,352 | |
66A |
- | - | - | - | - | - | - | - | - | - | - | 190 | 190 | |
9901 |
18,165 | 17,297 | 30,750 | 7,244 | -8,427 | -7,482 | -1,095 | 3,003 | 7,453 | 8,280 | 4,787 | -3,856 | 6,055 | |
75/76B |
- | 3 | 5 | 1 | 3 | - | - | 1 | 1 | - | 1 | 7 | 2 | |
75 |
- | 3 | 5 | 1 | 3 | - | - | 1 | 1 | - | 1 | 7 | 2 | |
65/66B |
751 | 799 | 1,131 | 180 | 79 | 72 | 124 | 72 | 104 | 73 | 50 | 31 | 54 | |
65 |
751 | 799 | 1,131 | 180 | 79 | 72 | 124 | 72 | 104 | 73 | 50 | 31 | 54 | |
9903 |
17,414 | 16,501 | 29,624 | 7,065 | -8,503 | -7,554 | -1,219 | 2,932 | 7,350 | 8,207 | 4,738 | -4,070 | 5,813 | |
67/77 |
4,497 | 7,948 | 1,752 | - | - | - | 1,094 | 2,560 | 2,090 | 330 | - | 474 | - | |
9904 |
12,917 | 8,553 | 27,872 | 7,065 | -8,503 | -7,554 | -2,313 | 372 | 5,260 | 7,877 | 4,738 | -4,544 | 5,813 | |
9905 |
12,917 | 8,553 | 27,872 | 7,065 | -8,503 | -7,554 | -2,313 | 372 | 5,260 | 7,877 | 4,738 | -4,544 | 5,813 | |
| Appropriation of the result | ||||||||||||||
9906 |
51,912 | 38,995 | 30,442 | 2,570 | -4,495 | 4,008 | 11,562 | 13,894 | 13,785 | 8,919 | 1,096 | -3,642 | 3,193 | |
14P |
38,995 | 30,442 | 2,570 | -4,495 | 4,008 | - | - | - | - | - | - | - | - | |
691/2 |
- | - | - | - | - | - | - | 19 | 263 | 394 | 54 | - | 291 | |
6920 |
- | - | - | - | - | - | - | 19 | 263 | 394 | 54 | - | 291 | |
694/7 |
- | - | - | - | - | - | - | - | - | - | - | - | 2,000 | |
695 |
- | - | - | - | - | - | - | - | - | - | - | - | 2,000 | |
| Social balance sheet | ||||||||||||||
9087 |
3 | 3 | 3.3 | 3.8 | 2.4 | 1.1 | - | - | - | - | - | - | - | |
Hours worked1013 |
4,979 | 4,840 | 5,232 | 5,468 | 3,728 | 1,656 | - | - | - | - | - | - | - | |
| Document | ||||||||||||||
The notes to these accounts have 9 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 30-06-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 30-06-2026 | 2026-00242548 | |
| 31-12-2024 | full format | 29-09-2025 | 2025-00518614 | |
| 31-12-2023 | full format | 08-10-2024 | 2024-00502026 | |
| 31-12-2022 | full format | 04-10-2023 | 2023-00470606 | |
| 31-12-2021 | full format | 14-10-2022 | 2022-20468693 | |
| 31-12-2020 | full format | 19-10-2021 | 2021-72300273 | |
| 31-12-2019 | full format | 09-11-2020 | 2020-69400333 | |
| 31-12-2018 | full format | 17-09-2019 | 2019-64700170 | |
| 31-12-2017 | full format | 11-06-2019 | 2019-17600370 | |
| 31-12-2016 | full format | 28-06-2019 | 2019-25000244 | |
| 31-12-2015 | full format | 27-06-2019 | 2019-25000105 | |
| 31-12-2014 | full format | 19-09-2015 | 2015-59200543 | |
| 31-12-2013 | full format | 15-09-2014 | 2014-58700311 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 27,306 | 25,843 | 39,682 | 14,953 | -4,306 | -3,533 | 3,294 | 7,457 | 13,774 | 10,879 | 9,331 | -1,469 | 8,552 | ||
| 22,058 | 17,099 | 36,804 | 14,774 | -4,382 | -3,605 | 2,076 | 4,826 | 11,581 | 10,476 | 9,282 | -2,157 | 8,310 | ||
| 2,212 | 0 | 4,482 | 36,329 | 496 | 0 | 1,104 | 32 | 18,759 | 858 | 7,819 | -190 | 494 | ||
| -34,442 | 34,685 | 18,365 | 13,971 | -34,259 | 20,483 | 6,445 | 7,057 | -2,949 | -595 | 13,215 | -2,950 | - | ||
| 65,527 | 51,514 | 42,856 | -4,292 | 1,804 | 13,751 | 26,081 | 18,676 | 19,435 | 13,669 | 2,081 | 618 | 2,585 | ||
| 3.0% | 2.2% | 4.8% | 1.2% | -2.2% | -2.4% | -0.4% | 2.0% | 5.3% | 9.6% | 5.3% | -9.8% | 4.0% | ||
| 41.8% | 27.8% | 28.5% | 13.4% | 7.5% | 15.8% | 32.6% | 41.5% | 40.3% | 72.5% | 26.3% | 16.3% | 35.0% | ||
| 1.99 | 1.53 | 1.67 | 0.91 | 1.05 | 1.26 | 2.13 | 1.92 | 2.23 | 4.52 | 1.10 | 1.04 | 1.19 | ||
| 1.39 | 2.59 | 2.51 | 6.44 | 12.42 | 5.34 | 2.07 | 1.41 | 1.48 | 0.38 | 2.81 | 5.15 | 1.86 | ||
| 21.8% | 18.5% | 74.0% | 72.2% | -311.9% | -67.3% | -12.3% | 1.8% | 25.4% | 50.9% | 62.4% | -159.5% | 78.6% | ||
| 9.1% | 5.1% | 21.1% | 9.7% | -23.2% | -10.6% | -4.0% | 0.7% | 10.2% | 36.9% | 16.4% | -25.9% | 27.5% | ||
| 36.36 | 32.34 | 35.09 | 83.07 | -54.51 | - | - | - | - | - | - | - | - | ||
| 14 days | 12 days | 18 days | 7 days | 15 days | 14 days | 33 days | 33 days | 51 days | 16 days | 33 days | 41 days | 13 days | ||
| 7 days | 24 days | 7 days | 4 days | 0 days | 0 days | 1 day | 0 days | 18 days | 2 days | 44 days | 4 days | 0 days |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 31-12-2025 | 31-12-2024 | 31-12-2023 | 31-12-2022 | 31-12-2021 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 4 | 4 | 3 | 4 | 2 |
| full-time | 3 | 2 | 2 | 3 | 2 |
| part-time | 1 | 2 | 1 | 1 | 0 |
| in full-time equivalents | 3.5 | 3 | 2.5 | 3.5 | 2 |
| 3 | 3 | 3.3 | 3.8 | 2.4 | |
| On a permanent contract | 3 | 3 | 2 | 3 | 2 |
| Joined | 1 | 1 | 1 | 4 | 4 |
| Left | 1 | 0 | 2 | 2 | 3 |
Source: social balance sheet in the 2021 to 2025 annual accounts
| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €2,212 | - | €4,482 | €36,329 | €496 |
| €9,141 | €8,546 | €8,932 | €7,709 | €4,121 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is 5% higher than in 2024. It is a recovery after the fall in 2024.
Debt's share of the balance-sheet total falls from 72.2% to 58.2%. Equity is higher and debt is lower.
DEMI CONSTRUCT has no parent and no holdings in its annual accounts. MEMEDOSKI Demirali is the only director. DEMI CONSTRUCT shares no director with another company.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Arthur Cosynstraat 18 registered office 1020 Brussels 4291101 Civil engineering | 25-03-2010 | 2.186.668.129 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 21815D0193/00W008 | 121 m² | 1 · 113 m² | 10.9 m · 2 |
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0824.397.456
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