DEMIR ERCAN
ActiveDEMIR ERCAN has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €300k and a net result of €41k. Equity is shrinking by ~7.4% per year across the filed fiscal years. Its solvency ranks better than 74% of 198 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
93
/ 100
Excellent▼ -7 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability68▼-14
Solvency100=
Growth32=
Stability100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity ample (current ratio 4.62 against 5.62 in 2024), and 32.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 13
Relative position
BE, all sectors
reference
Sector 13
lower
← fewer bankruptcies
more bankruptcies →
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
67.6%
Return on assets
9.2%
Age of the figures
15 mo
lowers risk · Growing equity
Equity grew over 2023-2025. Profits are largely retained rather than distributed.
NBB · annual accounts 2025Equity per financial year
19202122232425
2019 to 2025 · latest year €300k
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 16-02-2026, 16 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 · 10 filingsDeviation from the deadline
2025
16 d late
2024
14 d late
2023
on the day
2022
1 d early
2021
on the day
2020
33 d early
2019
4 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close15-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€41k▼ 3.8%
2024 · €43k
2019: €59k
2020: €51k
2021: €30k
2022: €69k
2023: €9k
2024: €43k
2019 → 2025
Working capital
€232k▲ 14.5%
2024 · €203k
2019: €-38k
2020: €-105k
2021: €-125k
2022: €-128k
2023: €189k
2024: €203k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€408k-€218k▼ 46.7%€216k▼ 0.8%€259k▲ 19.7%€300k▲ 15.9%
Operating result€33k-€38k▲ 12.8%€55k▲ 44.9%€59k▲ 7.5%€56k▼ 5.3%
Net result€30k-€69k▲ 127%€9k▼ 87.4%€43k▲ 390%€41k▼ 3.8%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 5% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €443k
Fixed assets
€147k▼ 0.9%
Current assets
€296k▲ 20.1%
Equity and liabilities €443k
Equity
€300k▲ 15.9%
Debt
€144k▲ 5.3%
The debt ratio falls from 34.5% to 32.4%: equity grows faster than debt.
Key figures and ratios
EBITDA
€65k▼
2024 · €69k
Cash flow
€50k▼
2024 · €53k
Solvency
67.6%▲
2024 · 65.5%
Current ratio
4.62▼
2024 · 5.62
Quick ratio
4.62▼
2024 · 5.62
Debt / equity
0.48▼
2024 · 0.53
ROE
13.7%▼
2024 · 16.5%
ROA
9.2%▼
2024 · 10.8%
Interest coverage
16.04▼
2024 · 21.93
Debt
€144k▲
2024 · €136k
Debt ≤ 1 year
€64k▲
2024 · €44k
Debt > 1 year
€80k▼
2024 · €93k
Income taxes
€13k▼
2024 · €18k
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€395k€443k▲
Fixed assets21/28€149k€147k▼
Tangible fixed assets22/27€19k€17k▼
Plant, machinery and equipment23-€666
Furniture and vehicles24€16k€8k▼
Other tangible fixed assets26€2k€9k▲
Financial fixed assets28€130k€130k=
Current assets29/58€246k€296k▲
Amounts receivable after more than one year29€157k-
Other amounts receivable291€157k-
Amounts receivable within one year40/41€77k€196k▲
Trade receivables40€37k€23k▼
Other amounts receivable41€40k€173k▲
Cash at bank and in hand54/58€12k€99k▲
Deferred charges and accrued income490/1€903€934▲
Equity and liabilities
Total equity and liabilities10/49€395k€443k▲
Equity10/15€259k€300k▲
Contributions10/11€19k€19k=
Reserves13€22k€22k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€20k€20k=
Profit (loss) carried forward14€218k€259k▲
Amounts payable17/49€136k€144k▲
Amounts payable after more than one year17€93k€80k▼
Financial debts170/4€93k€80k▼
Amounts payable within one year42/48€44k€64k▲
Current portion of amounts payable after more than one year42€8k€6k▼
Trade debts44€3k€3k▼
Suppliers440/4€3k€3k▼
Taxes, remuneration and social security45€3k€6k▲
Taxes450/3€3k€6k▲
Other amounts payable47/48€30k€49k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10k€9k▼
Other operating charges640/8€66€1k▲
Gross operating margin9900€69k€66k▼
Operating profit (loss)9901€59k€56k▼
Financial income75/76B€5k€3k▼
Recurring financial income75€5k€3k▼
Financial charges65/66B€3k€4k▲
Recurring financial charges65€3k€4k▲
Profit (loss) for the period before taxes9903€61k€54k▼
Income taxes67/77€18k€13k▼
Profit (loss) for the period9904€43k€41k▼
Profit (loss) for the period to be appropriated9905€43k€41k▼
Appropriation of the result
Profit (loss) to be appropriated9906€218k€259k▲
Profit (loss) brought forward from the previous period14P€175k€218k▲
The notes to these accounts (9 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
16-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 16 days late
2025
14-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 14 days late
2024
31-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial
Weakest financial yearnet €9k ▼87.4%
Net result drops to €9k, the lowest in the series; recovery starts the following year.
30-06
Financial
Liquidity times 9current ratio 3.42
Current ratio from 0.38 to 3.42; short-term debt falls from €206k to €78k.
30-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial
Highest result since 2019net €69k ▲127%
Net result €69k, the highest in the series.
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
29-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
27-01
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
03-01
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
08-01
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
26-01
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
9 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, Anderlecht · 1 establishment unit since 2012
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.
Paapsemlaan 201070 AnderlechtGround area
4.1 ha
Building footprint
1,763 m²
Volume, LiDAR
30,506 m³
2 parcels, Brussels, Wallonia · tallest building 22.5 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
DEMIR ERCAN
since 20122.206.698.233
2 parcels
Wallonia
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21306C0030/00V000 | Brussels | 3.8 ha | 1 · 1,578 m² | 22.5 m · 6 fl. |
| 25113D0090/00K004 | Wallonia | 2,853 m² | 1 · 185 m² | 9.8 m · 3 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.
Recognitions · licences · registrations
Legal Entity Identifier
549300EO1DOZCD0XTY90
Similar companies · same sector, comparable size
EUROPLAID
BE 0412.382.929
Lanaken · Eq €304k
NEW CRISTALMED
BE 0560.987.721
Nivelles · Eq €295k
MYRAAY
BE 0779.999.863
Lint · Eq €313k
BELDEKOR
BE 0785.877.667
Harelbeke · Eq €314k
J.M.D. TEXTILES
BE 0479.483.173
Waregem · Eq €320k
Of 595 companies in sector 13929 we hold annual accounts for 234. 180 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded19-12-2005
Fiscal year end30-06
Activities, NACEBEL
13929Manufacture of textiles
17402
Sources
Crossroads Bank for EnterprisesNational Bank · 19 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.