DEMIRDAG
ActiveSummary
The computed 12-month bankruptcy probability of DEMIRDAG is 2.5% (moderate). The annual accounts of DEMIRDAG for fiscal year 2024 show a net loss of 52% of the equity at the start of that year. The 2024 annual accounts show equity of €17,934 and a net result of -€19,134. Equity is growing by ~33.1% per year across the filed fiscal years. Its solvency ranks better than 46% of 6719 sector peers (fiscal year 2024). The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability0▼-76
Solvency59▼-8
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
2.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity ample (current ratio 1.55 against 1.97 in 2023; short-term debt: 38.5% and cash: 7.1% of total assets), but 66.3% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 49
Relative position
BE, all sectors
reference
Land transport and transport via pipelines (NACE 49)
about 141% more bankruptcies
← 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 2024Solvency, return and age of the figures
Solvency
33.7%
Return on assets
-35.9%
Age of the figures
24 mo
raises risk · Annual accounts not filed
The financial year that closed on 30-09-2025 was due at the National Bank by 30-04-2026. Nothing is on record, 152 days later.
NBB · 7 filingsPosition against the passed deadline
30-09-2025 close30-04-2026 deadline29-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2024 was due by 30-04-2025 and was filed on 29-04-2025, 1 day ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
not filed
2024
1 d early
2023
1 d early
2022
142 d late
2021
205 d late
2020
234 d late
2019
259 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 140 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 49% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
€17,934▼ 51.6%
2023 · €37,068
Total assets
€53,237▼ 39.7%
2023 · €88,215
Net result
-€19,134
2023 · €4,835
Working capital
€11,162▼ 59.6%
2023 · €27,606
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 49, Land transport and transport via pipelines, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€6,958▲ 254%€10,129▲ 45.6%€14,079▲ 39.0%€9,498▼ 32.5%-€14,915
Net result€6,810within the sector's middle half▲ 514%€6,566within the sector's middle half▼ 3.6%€8,866within the sector's middle half▲ 35.0%€4,835within the sector's middle half▼ 45.5%-€19,134below the sector's middle half
Equity€16,801within the sector's middle half▲ 68.2%€23,367within the sector's middle half▲ 39.1%€32,233within the sector's middle half▲ 37.9%€37,068within the sector's middle half▲ 15.0%€17,934within the sector's middle half▼ 51.6%
Total assets€17,300below the sector's middle half▲ 20.9%€48,661within the sector's middle half▲ 181%€56,639within the sector's middle half▲ 16.4%€88,215within the sector's middle half▲ 55.8%€53,237within the sector's middle half▼ 39.7%
Debt€499▼ 88.4%€25,294▲ 4,968%€24,406▼ 3.5%€51,148▲ 110%€35,303▼ 31.0%
Working capital€16,801within the sector's middle half▲ 68.2%€18,481within the sector's middle half▲ 10.0%€27,288within the sector's middle half▲ 47.7%€27,606within the sector's middle half▲ 1.2%€11,162within the sector's middle half▼ 59.6%
Solvency97.1%above the sector's middle half▲ 27.3pp48.0%within the sector's middle half▼ 49.1pp56.9%within the sector's middle half▲ 8.9pp42.0%within the sector's middle half▼ 14.9pp33.7%within the sector's middle half▼ 8.3pp
Current ratio34.66above the sector's middle half▲ 31.352.58within the sector's middle half▼ 32.092.69above the sector's middle half▲ 0.111.97within the sector's middle half▼ 0.721.55within the sector's middle half▼ 0.42
Return on assets (ROA)39.4%above the sector's middle half▲ 31.6pp13.5%within the sector's middle half▼ 25.9pp15.7%within the sector's middle half▲ 2.2pp5.5%within the sector's middle half▼ 10.2pp-35.9%below the sector's middle half▼ 41.4pp
above
within
below
the middle half (P25 to P75) of NACE 49, Land transport and transport via pipelines, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €14,915 after €9,498 in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €53,237
Fixed assets
€21,597 ▼ 32.7%
Current assets
€31,640 ▼ 43.6%
Equity and liabilities €53,237
Equity
€17,934 ▼ 51.6%
Debt
€35,303 ▼ 31.0%
Debt's share of the balance-sheet total rises from 58.0% to 66.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€4,404▼
2023 · €16,766
Cash flow
-€8,622▼
2023 · €12,102
Debt to equity
1.97▲
2023 · 1.38
ROE
-106.7%▼
2023 · 13.0%
Interest coverage
-2.35▼
2023 · 10.46
Debt ≤ 1 year
€20,478▼
2023 · €28,501
Debt > 1 year
€14,825▼
2023 · €22,647
Income taxes
€2,765▼
2023 · €3,061
Staff costs
€4,690
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,592 companies that looked in July 2024 the way this one looks now, 3.0% went bankrupt within 24 months and 87% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
3.0%
went bankrupt
9.5%
stopped otherwise
87%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.5% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 3,592 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | - | €4,690 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €5,272 | €5,272 | €7,268 | €10,511 | ▲ 44.6% |
| Other operating charges640/8 | - | €3,967 | €2,738 | €1,759 | €1,691 | ▼ 3.9% |
| Gross operating margin9900 | €8,493 | €19,368 | €22,089 | €18,524 | €1,977 | ▼ 89.3% |
| Operating profit (loss)9901 | €6,958 | €10,129 | €14,079 | €9,498 | -€14,915 | ▼ 257% |
| Financial income75/76B | - | - | €0 | €0 | €420 | ▲ 2,098,200% |
| Recurring financial income75 | - | - | €0 | €0 | €420 | ▲ 2,098,200% |
| Financial charges65/66B | - | €862 | €674 | €1,602 | €1,873 | ▲ 16.9% |
| Recurring financial charges65 | €148 | €862 | €674 | €1,602 | €1,873 | ▲ 16.9% |
| Profit (loss) for the period before taxes9903 | €6,810 | €9,267 | €13,405 | €7,896 | -€16,369 | ▼ 307% |
| Income taxes67/77 | - | €2,701 | €4,539 | €3,061 | €2,765 | ▼ 9.7% |
| Profit (loss) for the period9904 | €6,810 | €6,566 | €8,866 | €4,835 | -€19,134 | ▼ 496% |
| Profit (loss) for the period to be appropriated9905 | €6,810 | €6,566 | €8,866 | €4,835 | -€19,134 | ▼ 496% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €17,300 | €48,661 | €56,639 | €88,215 | €53,237 | ▼ 39.7% |
| Fixed assets21/28 | - | €18,454 | €13,181 | €32,109 | €21,597 | ▼ 32.7% |
| Tangible fixed assets22/27 | - | €18,454 | €13,181 | €32,109 | €21,597 | ▼ 32.7% |
| Leasing and similar rights25 | - | €18,454 | €13,181 | €32,109 | €21,597 | ▼ 32.7% |
| Current assets29/58 | €17,300 | €30,207 | €43,458 | €56,107 | €31,640 | ▼ 43.6% |
| Amounts receivable within one year40/41 | €11,045 | €26,200 | €36,158 | €47,372 | €27,629 | ▼ 41.7% |
| Trade receivables40 | - | €24,639 | €35,638 | €47,120 | €25,279 | ▼ 46.4% |
| Other amounts receivable41 | - | €1,561 | €520 | €252 | €2,350 | ▲ 831% |
| Cash at bank and in hand54/58 | €2,718 | €3,862 | €5,627 | €6,285 | €3,757 | ▼ 40.2% |
| Deferred charges and accrued income490/1 | - | €146 | €1,673 | €2,450 | €254 | ▼ 89.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €17,300 | €48,661 | €56,639 | €88,215 | €53,237 | ▼ 39.7% |
| Equity10/15 | €16,801 | €23,367 | €32,233 | €37,068 | €17,934 | ▼ 51.6% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Profit (loss) carried forward14 | €10,601 | €17,167 | €26,033 | €30,868 | €11,734 | ▼ 62.0% |
| Amounts payable17/49 | €499 | €25,294 | €24,406 | €51,148 | €35,303 | ▼ 31.0% |
| Amounts payable after more than one year17 | - | €13,568 | €8,236 | €22,647 | €14,825 | ▼ 34.5% |
| Financial debts170/4 | - | €13,568 | €8,236 | €22,647 | €14,825 | ▼ 34.5% |
| Amounts payable within one year42/48 | €499 | €11,726 | €16,170 | €28,501 | €20,478 | ▼ 28.1% |
| Current portion of amounts payable after more than one year42 | - | €5,208 | €5,332 | €9,854 | €6,951 | ▼ 29.5% |
| Trade debts44 | - | €1,283 | €1,204 | €2,624 | €6,299 | ▲ 140% |
| Suppliers440/4 | - | €1,283 | €1,204 | €2,624 | €6,299 | ▲ 140% |
| Advances received on contracts in progress46 | - | - | - | - | €360 | - |
| Taxes, remuneration and social security45 | - | €5,235 | €9,634 | €15,748 | €5,429 | ▼ 65.5% |
| Taxes450/3 | - | €5,235 | €9,634 | €11,748 | €4,394 | ▼ 62.6% |
| Remuneration and social security454/9 | - | - | - | €4,000 | €1,036 | ▼ 74.1% |
| Other amounts payable47/48 | - | - | - | €275 | €1,439 | ▲ 424% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6,810 | €6,566 | €8,866 | €4,835 | -€19,134 | ▼ 496% |
| + Depreciation and write-downs630 | - | €5,272 | €5,272 | €7,268 | €10,511 | ▲ 44.6% |
| Operating cash flow (approximation) | €6,810 | €11,838 | €14,138 | €12,102 | -€8,622 | ▼ 171% |
| Investment in fixed assets (approximation) | - | - | €0 | -€26,195 | €0 | ▲ 100% |
| Change in cash | - | €1,143 | €1,765 | €658 | -€2,527 | ▼ 484% |
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
2026
27-07
State Gazette act
Resignation: Apdullah DEMIRDAG (director)Appointment: Mevlut TEKER (director) · Registered-office move · Share transfer6 facts ▸
State Gazette act
Resignation: Apdullah DEMIRDAG (director)
Appointment: Mevlut TEKER (director) · Registered-office move · Share transfer6 facts ▸
- General meeting, 30-06-2026
- Director resignation, Apdullah DEMIRDAG (director)
- Director appointment, Mevlut TEKER (director)
- Registered-office move, Rue de Gembloux, 5 à 5080 RHISNES
- Share transfer, Apdullah DEMIRDAG → Mevlut TEKER
- Share transfer, Apdullah DEMIRDAG → Döndü YILMAZ
2025
29-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Weakest financial yearnet -€19,134
Net result drops to -€19,134, the lowest in the series.
29-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
19-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 142 days late
2022
21-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 205 days late
30-09
Financial
Highest result since 2018net €8,866 ▲35%
Operating result €14,079, net result €8,866, both a record.
2021
20-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 234 days late
14-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 259 days late
14-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 625 days late
2020
30-09
Financial
Liquidity times 10current ratio 34.66
Current ratio from 3.31 to 34.66; short-term debt falls from €4,316 to €499.
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 3 acts read
About the unread acts
Of the 3 Belgian State Gazette acts we know for this company, 1 has been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 director, last change in 2026
Mevlut TEKER
CurrentDirector · since 30-06-2026
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Not every act has been read: a resignation may be missing here
2 of this company's 3 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, La Bruyère · 1 establishment unit since 2017
Ground area
964 m²
Building footprint
203 m²
Volume, LiDAR
2,645 m³
2 parcels, Brussels, Wallonia · tallest building 19.7 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
DEMIRDAG
since 20172.270.564.518
2 parcels
Wallonia
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92102A0089/00Y003 | Wallonia | 833 m² | 1 · 73 m² | 10.5 m · 3 fl. |
| 21012A0053/00N003 | Brussels | 131 m² | 1 · 130 m² | 19.7 m · 6 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Mandate history
2 people since 2026, 1 in office
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Mevlut TEKER |
|
| Apdullah DEMIRDAG |
|
Structure & network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
This company
Company
Director
Shareholding
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Capital and shareholders
Shareholders according to the acts
Share transfer
act of 27-07-2026 ↗
- Apdullah DEMIRDAG to Mevlut TEKER 20 shares
- Apdullah DEMIRDAG to Döndü YILMAZ 166 shares
The Belgian State Gazette names shareholders only when an act mentions them; the share register itself is not published.
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Of 12,583 companies in sector 49410 we hold annual accounts for 8,204. 4,809 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded07-02-2017
Fiscal year end30-09
Activities, NACEBEL 2025
49410Freight transport by road
E-invoicing
Reachable via Peppol
Peppol ID
0208:0670836756
Also
9925:BE0670836756
Registered
22-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.