DEMIR DUMAN

Active

Private limited company (pre-2019)founded 200917 yrs activeVennestraat 193, 3600 Genk, BelgiumKBO/BCE: BE 0809.370.473

The computed 12-month bankruptcy probability of DEMIR DUMAN is 1.5% (moderate). The 2024 annual accounts show negative equity (€-44k) and a net result of €-54k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 23% of 6159 sector peers (fiscal year 2024). The company has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

7 / 100

Critical▲ +5 vs 2023

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability100▲+100

Solvency33▲+29

Growth32=

Stability100

Bankruptcy probability, 12 months

1.5% Moderate

0%0.5%1.5%4%10%≥ 25%

No credit on open account

Liquidity short (current ratio 0.07 against 0.05 in 2023), and equity is negative.

How do we compute the score and the probability?

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

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 2024

Solvency, return and age of the figures

Solvency

-27.2%

Return on assets

-33.1%

Age of the figures

20 mo

Multiple establishment units

Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.

KBO · establishment units

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Negative equity

Equity is negative for financial year 2024: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).

NBB · annual accounts 2024

Equity per financial year

18192021222324

2018 to 2024 · latest year -€44k

Filed more than 90 days late

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 16-02-2026, 200 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.

NBB · 10 filings

Deviation from the deadline

2025

not confirmed

2024

200 d late

2023

30 d late

2022

31 d late

2021

31 d late

2020

31 d late

2019

12 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Equity

€-44k

2023 · €10k

2018: €43k 2019: €26k 2020: €74k 2021: €38k 2022: €41k 2023: €10k

2018 → 2024

Total assets

€163k▲ 2.9%

2023 · €158k

2018: €284k 2019: €264k 2020: €197k 2021: €173k 2022: €225k 2023: €158k

2018 → 2024

Net result

€-54k▼ 73.9%

2023 · €-31k

2018: €20k 2019: €-16k 2020: €-23k 2021: €-36k 2022: €3k 2023: €-31k

2018 → 2024

Working capital

€-192k▼ 39.1%

2023 · €-138k

2018: €-15k 2019: €-34k 2020: €-60k 2021: €-98k 2022: €-102k 2023: €-138k

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€74k-€38k▼ 48.5%€41k▲ 7.4%€10k▼ 76.3%€-44k

Operating result€-22k-€-32k▼ 42.7%€6k€-23k€-52k▼ 123%

Net result€-23k-€-36k▼ 55.5%€3k€-31k€-54k▼ 73.9%

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 €52k in 2024 against €23k in 2023; the loss grows and 2024 is the lowest year so far.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €163k

91.0%

Fixed assets €148k▼ 2.3%

Current assets €15k▲ 122%

Key figures and ratios

2024 value · change against 2023

EBITDA

€-48k▼

2023 · €-20k

Cash flow

€-50k▼

2023 · €-28k

Solvency

-27.2%▼

2023 · 6.1%

Current ratio

0.07▲

2023 · 0.05

Quick ratio

0.06▲

2023 · 0.03

Debt / equity

-4.67▼

2023 · 15.42

ROE

121.7%▲

2023 · -322.1%

ROA

-33.1%▼

2023 · -19.6%

Interest coverage

-21.01▼

2023 · -2.51

Debt

€207k▲

2023 · €148k

Debt ≤ 1 year

€207k▲

2023 · €145k

Staff costs

€37k▲

2023 · €36k

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€158k€163k▲

Fixed assets21/28€152k€148k▼

Tangible fixed assets22/27€144k€140k▼

Land and buildings22€143k€140k▼

Plant, machinery and equipment23€511-

Financial fixed assets28€8k€8k=

Current assets29/58€7k€15k▲

Stocks and contracts in progress3€2k€3k▲

Stocks30/36€2k€3k▲

Amounts receivable within one year40/41€4k€9k▲

Trade receivables40€711-

Other amounts receivable41€3k€9k▲

Cash at bank and in hand54/58€671€3k▲

Deferred charges and accrued income490/1€0-

Equity and liabilities

Total equity and liabilities10/49€158k€163k▲

Equity10/15€10k€-44k▼

Contributions10/11€506k€506k=

Revaluation surpluses12€70k€70k=

Reserves13€28k€28k=

Distributable reserves133€28k€28k=

Profit (loss) carried forward14€-595k€-649k▼

Amounts payable17/49€148k€207k▲

Amounts payable after more than one year17€0-

Financial debts170/4€0-

Amounts payable within one year42/48€145k€207k▲

Current portion of amounts payable after more than one year42€8k-

Financial debts43€10k€10k=

Credit institutions430/8€10k€10k=

Trade debts44€32k€44k▲

Suppliers440/4€32k€44k▲

Taxes, remuneration and social security45€65k€5k▼

Taxes450/3€60k€3k▼

Remuneration and social security454/9€4k€2k▼

Other amounts payable47/48€30k€148k▲

Accrued charges and deferred income492/3€4k-

Income statement Code20232024

Remuneration, social security and pensions62€36k€37k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€3k▲

Other operating charges640/8€6k€2k▼

Non-recurring operating charges66A€8k-

Gross operating margin9900€30k€-9k▼

Operating profit (loss)9901€-23k€-52k▼

Financial income75/76B€45-

Recurring financial income75€45-

Financial charges65/66B€8k€2k▼

Recurring financial charges65€8k€2k▼

Profit (loss) for the period before taxes9903€-31k€-54k▼

Profit (loss) for the period9904€-31k€-54k▼

Profit (loss) for the period to be appropriated9905€-31k€-54k▼

Appropriation of the result

Profit (loss) to be appropriated9906€-595k€-649k▼

Profit (loss) brought forward from the previous period14P€-564k€-595k▼

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 12Financial 2Filings 10

2026

16-02

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 200 days late

2024

31-12

Financial Weakest financial yearnet €-54k

Net result drops to €-54k, the lowest in the series.

30-08

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 30 days late

2023

31-08

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 31 days late

2022

31-12

Financial Back to profitnet €3k

Net result €3k after 3 loss-making years.

31-08

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 31 days late

2021

31-08

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 31 days late

2020

12-08

NBB filing Annual accounts filed

fiscal year 2019 · abbreviated schema · 12 days late

2019

13-08

NBB filing Annual accounts filed

fiscal year 2018 · abbreviated schema · 13 days late

2018

21-08

NBB filing Annual accounts filed

fiscal year 2017 · abbreviated schema · 21 days late

2017

20-04

NBB filing Annual accounts filed

fiscal year 2016 · abbreviated schema

2016

18-08

NBB filing Annual accounts filed

fiscal year 2015 · abbreviated schema · 18 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

5 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, Genk · 3 establishment units since 2009

establishment All 3 establishment units on the map

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.

Vennestraat 1933600 Genk

Ground area

3,078 m²

Building footprint

873 m²

Volume, LiDAR

7,721 m³

3 parcels, Flanders · tallest building 13.9 m, ±4 floors. Linked by address, not a title deed.

3 establishment units

DEMIR DUMAN

Landwaartslaan 25, 3600 GenkRetail trade

since 20092.176.542.022

DEMIR DUMAN

Vennestraat 149, 3600 GenkPersonal service activities

since 20102.186.770.275

DEMIR DUMAN

Vennestraat 193, 3600 GenkPersonal service activities

since 20102.186.770.572

3 parcels

Flanders 3 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
71306G0221/00T154	Flanders	2,285 m²	1 · 218 m²	12.4 m · 3 fl.
71307H0395/00H000	Flanders	462 m²	1 · 439 m²	12.1 m · 3 fl.
71307H0369/00A002	Flanders	332 m²	1 · 216 m²	13.9 m · 4 fl.