DEMIGA
ActiveDEMIGA has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €30k and a net result of €-6k. Equity is shrinking by ~3.5% per year across the filed fiscal years. Its solvency ranks better than 95% of 11200 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-75
Solvency100=
Growth32▼-26
Stability100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days only on tighter terms
0% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
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 2025Solvency, return and age of the figures
Solvency
100%
Return on assets
-19.5%
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 30-06-2026, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
31 d early
2024
38 d early
2023
26 d early
2022
9 d late
2021
25 d early
2020
51 d early
2019
17 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-6k
2024 · €5k
2018: €-491
2019: €-10k
2020: €-2k
2021: €-141
2022: €-2k
2023: €-1k
2024: €5k
2018 → 2025
Working capital
€18k▲ 42.3%
2023 · €13k
2018: €28k
2020: €15k
2021: €16k
2022: €14k
2023: €13k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€34k-€32k▼ 5.6%€31k▼ 4.3%€36k▲ 17.5%€30k▼ 16.3%
Operating result€-61-€-2k▼ 2,846%€-1k▲ 34.3%€5k€-6k
Net result€-141-€-2k▼ 1,248%€-1k▲ 26.9%€5k€-6k
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €6k after €5k in 2024, the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €30k
Fixed assets
€18k=
Current assets
€12k▼ 39.1%
Key figures and ratios
Solvency
100.0%▲
2024 · 94.9%
ROE
-19.5%▼
2024 · 14.9%
ROA
-19.5%▼
2024 · 14.1%
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€38k€30k▼
Fixed assets21/28€18k€18k=
Financial fixed assets28€18k€18k=
Current assets29/58€20k€12k▼
Stocks and contracts in progress3€1k€1k▼
Stocks30/36€1k€1k▼
Amounts receivable within one year40/41€11k€11k▼
Trade receivables40€187-
Other amounts receivable41€11k€11k▼
Cash at bank and in hand54/58€7k€65▼
Equity and liabilities
Total equity and liabilities10/49€38k€30k▼
Equity10/15€36k€30k▼
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€16k€10k▼
Amounts payable17/49€2k-
Amounts payable within one year42/48€2k-
Taxes, remuneration and social security45€2k-
Taxes450/3€2k-
Income statement
Code20242025
Non-recurring operating income76A€24-
Other operating charges640/8€469€618▲
Gross operating margin9900€6k€-5k▼
Operating profit (loss)9901€5k€-6k▼
Financial charges65/66B€103€92▼
Recurring financial charges65€99€92▼
Non-recurring financial charges66B€4-
Profit (loss) for the period before taxes9903€5k€-6k▼
Profit (loss) for the period9904€5k€-6k▼
Profit (loss) for the period to be appropriated9905€5k€-6k▼
Appropriation of the result
Profit (loss) to be appropriated9906€16k€10k▼
Profit (loss) brought forward from the previous period14P€10k€16k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
23-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €5k
Net result €5k after 6 loss-making years.
05-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity triplescurrent ratio 42.60
Current ratio from 13.11 to 42.60; short-term debt falls from €1k to €306.
09-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 9 days late
2022
06-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
10-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
17-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 17 days late
2019
31-12
Financial
Weakest financial yearnet €-10k
Net result drops to €-10k, the lowest in the series; recovery starts the following year.
03-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
22-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
05-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Waterloo · 1 establishment unit since 2004
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.
Avenue Prince Charles 111410 WaterlooGround area
1,585 m²
Building footprint
266 m²
Volume, LiDAR
1,698 m³
2 parcels, Wallonia · tallest building 8.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
DEMIGA
since 20042.144.009.212
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25764Q0305/00C003 | Wallonia | 932 m² | 1 · 139 m² | 7.8 m · 2 fl. |
| 25763M0476/00_000 | Wallonia | 653 m² | 1 · 126 m² | 8.8 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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CBS TRADING
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Of 6,128 companies in sector 46190 we hold annual accounts for 2,554. 1,773 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded15-04-2004
Fiscal year end31-12
Abbreviation FR
D.M.G.
Activities, NACEBEL
46190Agents in non-specialised wholesale trade
Sources
Crossroads Bank for EnterprisesNational Bank · 21 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.