DEMIRHAN
ActiveThe computed 12-month bankruptcy probability of DEMIRHAN is 2.8% (moderate). The 2024 annual accounts show equity of €51k and a net result of €5k. Its solvency ranks better than 51% of 7447 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
48
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability49▼-51
Solvency69▲+1
Growth52
Track record94
Bankruptcy probability, 12 months
2.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity tight (current ratio 1.2 against 1.5 in 2023; short-term debt: 54.2% and cash: 0.6% of total assets), and 55.7% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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 43
Relative position
BE, all sectors
reference
Sector 43
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 2024Solvency, return and age of the figures
Solvency
44.3%
Return on assets
4.5%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 15-05-2025, 77 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
not confirmed
2024
77 d early
2023
48 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€51k▲ 11.3%
2023 · €46k
2023: €46k
2023 → 2024
Total assets
€115k▲ 8.7%
2023 · €106k
2023: €106k
2023 → 2024
Net result
€5k▼ 87.4%
2023 · €41k
2023: €41k
2023 → 2024
Working capital
€13k▼ 42.4%
2023 · €22k
2023: €22k
2023 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20232024Trend
Equity€46k-€51k▲ 11.3%
Operating result€44k-€5k▼ 87.6%
Net result€41k-€5k▼ 87.4%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 88% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €115k
Fixed assets
€40k▲ 1.1%
Current assets
€75k▲ 13.2%
Equity and liabilities €115k
Equity
€51k▲ 11.3%
Debt
€64k▲ 6.7%
The debt ratio falls from 56.7% to 55.7%. Equity and debt are higher.
Key figures and ratios
Solvency
44.3%▲
2023 · 43.3%
Current ratio
1.20▼
2023 · 1.50
Quick ratio
1.20▼
2023 · 1.50
Debt / equity
1.26▼
2023 · 1.31
ROE
10.1%▼
2023 · 89.1%
ROA
4.5%▼
2023 · 38.5%
Debt
€64k▲
2023 · €60k
Debt ≤ 1 year
€62k▲
2023 · €44k
Debt > 1 year
€2k▼
2023 · €16k
Staff costs
€38k▲
2023 · €31k
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€106k€115k▲
Fixed assets21/28€40k€40k▲
Tangible fixed assets22/27€40k€40k▲
Plant, machinery and equipment23€13k€13k▲
Furniture and vehicles24€27k€27k=
Current assets29/58€66k€75k▲
Amounts receivable within one year40/41€66k€74k▲
Trade receivables40€48k€59k▲
Other amounts receivable41€18k€15k▼
Cash at bank and in hand54/58€666€666=
Equity and liabilities
Total equity and liabilities10/49€106k€115k▲
Equity10/15€46k€51k▲
Contributions10/11€5k€5k=
Profit (loss) carried forward14€41k€46k▲
Amounts payable17/49€60k€64k▲
Amounts payable after more than one year17€16k€2k▼
Financial debts170/4€16k€2k▼
Amounts payable within one year42/48€44k€62k▲
Current portion of amounts payable after more than one year42€10k€10k=
Financial debts43€6k€6k=
Credit institutions430/8€6k€6k=
Trade debts44€26k€21k▼
Suppliers440/4€26k€21k▼
Taxes, remuneration and social security45€3k-
Remuneration and social security454/9€3k-
Other amounts payable47/48€75€26k▲
Income statement
Code20232024
Remuneration, social security and pensions62€31k€38k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k-
Other operating charges640/8€1k€2k▲
Gross operating margin9900€83k€45k▼
Operating profit (loss)9901€44k€5k▼
Financial income75/76B€379-
Recurring financial income75€379-
Financial charges65/66B€3k€258▼
Recurring financial charges65€3k€258▼
Profit (loss) for the period before taxes9903€41k€5k▼
Profit (loss) for the period9904€41k€5k▼
Profit (loss) for the period to be appropriated9905€41k€5k▼
Appropriation of the result
Profit (loss) to be appropriated9906€41k€46k▲
Profit (loss) brought forward from the previous period14P-€41k
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
15-05
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
13-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
NBB filing
Directors · office · real estate
Directors
1 act for this company is 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, Beringen · 1 establishment unit since 2022
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.
Dennenstraat 103581 BeringenGround area
2,272 m²
Building footprint
1,710 m²
Volume, LiDAR
985 m³
Parcel 71005C1330/00D006, Flanders · tallest building 6.9 m. Linked by address, not a title deed.
1 establishment unit
DEMIRHAN
since 20222.333.712.310
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71005C1330/00D006 | Flanders | 2,272 m² | 1 · 1,710 m² | 6.9 m |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
BLAUNDUS
BE 0779.646.606
Dendermonde · Eq €51k
HD CONSTRUCT
BE 0665.844.325
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DECOENE YVES
BE 0883.970.502
Ledegem · Eq €51k
Bouwwerken Mannaerts
BE 0738.884.731
Pelt · Eq €51k
Dakwerken Fonderie
BE 0899.519.404
Haacht · Eq €51k
Of 11,137 companies in sector 43910 we hold annual accounts for 5,486. 4,707 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded28-07-2022
Fiscal year end31-12
Activities, NACEBEL
43310Plastering work
43910Bricklaying and masonry work
43994Specialised construction activities
41003General construction of other non-residential buildings
43221Plumbing work
43230Insulation installation
43291Specialised construction activities
43331Floor and wall tiling
43410Roofing work
Sources
Crossroads Bank for EnterprisesNational Bank · 2 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.