Equity
-€5,266
Debts exceed assets in financial year 2025.
DEMIROVSKI srl
Overview
Lifetime
1 annual account with figurespeak €13,545 (2025)
€13,545
lowest -€7,266 (2025)
-€7,266
peak -€5,266 (2025)
-€5,266
€20,909
Board2 names since 2024
1 directorNenad DEMIROVSKI
Documentsfilings and deeds
30-06-202631 days before the deadline
2025micro format
Loss of €7,266Registered office moved from Soignies to rue du Petit Bruxelles 21-10Resignation: DEMIROVSKI Dzemail (director) 10-02First year with figures
Key points
from the 2025 annual accountsDebts
€20,909 134% of the balance sheet
Suppliers 72%Taxes and wages 18%Other 10%
Position in the sector
-33.7%
Lower solvency than 83% of companies in food and beverage service. Sector median 29.5% · 17,162 companies.
Checked score
47
Fair
Financially stronger than 22% of micro companies in food and beverage service (NACE 56)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
4.2% Elevated
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 1.8% across 23,791 companies (NACE 56, micro).
About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2025: 6.9%
12-2025: 7.1%▲ +0.2 percentage points vs 11-2025
01-2026: 7.3%▲ +0.2 percentage points vs 12-2025
02-2026: 7.5%▲ +0.2 percentage points vs 01-2026
03-2026: 8.0%▲ +0.5 percentage points vs 02-2026
04-2026: 8.0%● unchanged vs 03-2026
05-2026: 8.3%▲ +0.3 percentage points vs 04-2026
06-2026: 8.3%● unchanged vs 05-2026
07-2026: 8.1%▼ -0.2 percentage points vs 06-2026
08-2026: 8.1%● unchanged vs 07-2026
09-2026: 8.6%▲ +0.5 percentage points vs 08-2026highest value
10-2026: 4.2%▼ -4.4 percentage points vs 09-2026lowest value
11-2026: 4.2%● unchanged vs 10-2026lowest value
Financial strengthWeak
Score breakdown
raises risk
Sector: Food and beverage service activities (NACE 56)
1 change of registered office in 24 months
Founded in 2024
lowers risk
Liquidity: current ratio 0.72, cash €6,309
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 56, micro). It does better than 9% of them on solvency, 49% on liquidity and 8% on profitability.
The bankruptcy probability was computed on 10-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the elevated class on 30-06-2025, 6.3% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 7,639 companies had the same profile as DEMIROVSKI srl has now. Each dot stands for 20 companies, two years later.
84.7%
were still trading
5.6%
stopped another way
8.8%
went bankrupt
Another 0.8% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of DEMIROVSKI srl itself: 4.2% within 12 months.
Test of the method
The method was tested on the 497,448 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 7,639 companies, not a prediction for DEMIROVSKI srl. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
No credit on open account
Liquidity is insufficient, with a current ratio of 0.72, below 1. Short-term debt is 133.7% and cash 40.3% of total assets. Equity is negative.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
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 · 1 filingDeviation from the deadline
2025
31 days early
← before the deadline
after the deadline →
Searched, nothing found (1)
Board and ownership
- DEMIROVSKI, Nenad 60 sharesdeed of 07-10-2024
- DEMIROVSKI, Dzemail 20 sharesdeed of 07-10-2024
- JASAROV, Denis 20 sharesdeed of 07-10-2024
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:1014566649
Registered office moved from Soignies to rue du Petit Bruxelles
New registered office: REBECQ 1430 rue du Petit Bruxelles 69 · Previous registered office: Rue du Tram 40 à 7060 Soignies · General meeting of 05-09-2025 · Gazette deed
Resignation: DEMIROVSKI Dzemail (director)
General meeting of 12-12-2024 · Gazette deed
First establishment
DEMIROVSKI, Rue du Petit-Bruxelles 69, Rebecq
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| DEMIROVSKI srl Rebecq | - | - | -33.7% | - |
| TBN BUSINESS Brussels | - | - | 21.8% | - |
| A.A.N. Antwerp | - | - | -107.6% | - |
| BROOS BURGER Bastogne | €173,855 | -3.3% | 24.6% | - |
| DE START-7 Aalst | - | - | 57.4% | - |
| HAVIN-ROJHELAT Grimbergen | - | - | 58.3% | - |
| DKGP GROUP Herstal | €119,209 | 13.1% | 69.1% | - |
These companies have the same main activity as DEMIROVSKI srl: limited-service restaurants, excluding mobile food services (NACE 56112). They are comparable in size and age: total assets between €16,100 and €18,900, founded between 2024 and 2025.
Official details
Source: KBO- Status
- Active since 03-10-2024Normal situation
- Activity
- Limited-service restaurants, excluding mobile food servicesNACE 56112and 1 other
- Establishment unit
- 2.365.312.8311430 Rebecq, since 23-10-2024
- Financial year end
- 31 December
- Peppol
- Reachable since 25-12-2025
Annual accounts 2025
- €13,545
- ≈ €150,000estimated
- €7,266
- -€5,266
- €15,643
- ≈ 0.7 FTEestimated
- Filing
- Filed on 30-06-2026, 31 days before the end of the filing period
Insights on DEMIROVSKI srl
The computed 12-month bankruptcy probability of DEMIROVSKI srl is 4.2% (elevated). The 2025 annual accounts show negative equity (-€5,266) and a net result of -€7,266.
Its solvency ranks better than 17% of 17,162 sector peers (NACE 56, financial year 2025). The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
micro format, filed on 30-06-2026, 31 days before the deadline€13,545
-€4,151
-€7,266
-€5,761
-33.7%
0.72
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €150,000. Estimated: probably between €95,000 and €260,000.
Balance sheet
balance sheet total €15,643 on 31-12-2025What the company ownsHow it is paid for
Position in the sector
-33.7%
Higher than 17% of 17,162 companies in 2025.
0.72
Higher than 34% of 16,586 companies in 2025.
-46.5%
Higher than 8% of 16,669 companies in 2025.
DEMIROVSKI srl
Middle half of the sector
80% of the sector
Micro accounts in food and beverage service (NACE 56)
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: middle half
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 |
|---|---|---|
| Balance sheet: assets | ||
20/58 |
15,643 | |
21/28 |
495 | |
28 |
495 | |
29/58 |
15,148 | |
40/41 |
6,958 | |
40 |
6,958 | |
54/58 |
6,309 | |
490/1 |
1,882 | |
| Balance sheet: equity and liabilities | ||
10/49 |
15,643 | |
10/15 |
-5,266 | |
10/11 |
2,000 | |
14 |
-7,266 | |
17/49 |
20,909 | |
42/48 |
20,909 | |
44 |
15,036 | |
440/4 |
15,036 | |
45 |
3,840 | |
450/3 |
218 | |
454/9 |
3,622 | |
47/48 |
2,033 | |
| Income statement | ||
9900 |
13,545 | |
60/61 |
141,721 | |
62 |
17,164 | |
640/8 |
532 | |
9901 |
-4,151 | |
75/76B |
80 | |
75 |
80 | |
65/66B |
2,977 | |
65 |
2,977 | |
9903 |
-7,048 | |
67/77 |
218 | |
9904 |
-7,266 | |
9905 |
-7,266 | |
| Appropriation of the result | ||
9906 |
-7,266 | |
| Document | ||
The notes to these accounts have 3 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 30-06-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 30-06-2026 | 2026-00227645 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 |
|---|---|---|
| 495 | ||
| -5,761 | ||
| -33.7% | ||
| 0.72 | ||
| -46.5% | ||
| 39 days |
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2025 |
|---|---|
| Financial fixed assets | €495 |
Source: notes to the 2025 annual accounts (statement of fixed assets)
Insights on DEMIROVSKI srl
Equity is negative. Debt (€20,909) exceeds the balance-sheet total (€15,643).
Board & ownership
Board
1 director, no change since December 2024Director (not named in the articles)
appointed by deed of 07-10-2024
term without a fixed end
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- Each director alone“Monsieur Nenad DEMIROVSKI prénommé, qui déclare accepter le mandat qui lui est conféré. Et Monsieur Dzemail DEMIROVSKI prénommé, qui déclare…”deed of 07-10-2024
Full text
Monsieur Nenad DEMIROVSKI prénommé, qui déclare accepter le mandat qui lui est conféré. Et Monsieur Dzemail DEMIROVSKI prénommé, qui déclare également accepter le mandat qui lui est conféré. Chaque administrateur est nommé jusqu'à révocation et peut engager seul valablement la société sans limitation de sommes. Chaque mandat est rémunéré. 4° Les comparants ne désignent pas de commissaire. 5°- Le siège social est fixé à 7060 Horrues, rue du Tram, 40. IDENTITE Le notaire certifie l'identité de chaque comparant au vu de sa carte d'identité. Droit d'écriture Le droit d'écriture s'élève à cent euros (100,00 EUR). Intérêts contradictoires ou disproportionnés Le Notaire a informé les parties des obligations de conseil impartial. Le Notaire a attiré l’attention des parties sur le droit ou libre choix d’un conseil. Le comparant déclare avoir reçu du Notaire toutes les explications quant aux droits et obligations du présent acte et considère les engagements pris comme proportionnels et équilibrés.
Mandates through the years
2 names, the dashed line is todayNenad DEMIROVSKI
Director (not named in the articles)
Director (not named in the articles)
DEMIROVSKI Dzemail
Director (not named in the articles)
Director (not named in the articles)
BoardEarlier
Mandates as a list
- Nenad DEMIROVSKI
- Director (not named in the articles), appointed by deed of 07-10-2024, still in office
- DEMIROVSKI Dzemail
- Director (not named in the articles), appointed by deed of 07-10-2024, until 12-12-2024
Control
Founders
DEMIROVSKI, Nenad, DEMIROVSKI, Dzemail, JASAROV, Denis
This company
DEMIROVSKI srl
Equity -€5,266
Loss €7,266 in 2025
Capital
- Contribution
- €2,000
- Shares
- 100
- Contribution per share
- €20
- Equity per share
- -€52.66 in 2025
- Source
- deed of 07-10-2024
Articles of association
deed of 07-10-2024 (in French)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Ne peut révoquer son représentant qu'en désignant simultanément son successeur, si la personne morale est l'administrateur unique de la…”“Le mandat d'administrateur peut être rémunéré”
- Profit allocationThe articles set how profit is distributed. A BV may only pay out after a balance-sheet and liquidity test.
- “Statuant sur proposition de l'organe d'administration, articles 5:142. à 5:144. CSA”
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- First Monday of June
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
Shareholders
At incorporation
deed of 07-10-2024 ↗
- DEMIROVSKI, Nenad 60 shares (60%) · €1,200 in cash
- DEMIROVSKI, Dzemail 20 shares (20%) · €400 in cash
- JASAROV, Denis 20 shares (20%) · €400 in cash
Network & group
No group
DEMIROVSKI srl has no parent and no holdings in its annual accounts. Nenad DEMIROVSKI is the only director. DEMIROVSKI srl shares no director with another company.
Timeline
Timeline
6 events since 2024Board
Filings
Establishments
Address
202420252026
2026
Annual accounts 2025 filed NBBmicro format · 31 days before the deadline
2025
Registered in the Peppol Directory Reachable for e-invoices through 0208:1014566649
Registered office moved from Soignies to rue du Petit BruxellesNew registered office: REBECQ 1430 rue du Petit Bruxelles 69 · Previous registered office: Rue du Tram 40 à 7060 Soignies · General meeting of 05-09-20252 points ▸
- General meeting, 05-09-2025
- Registered-office move, REBECQ 1430 rue du Petit Bruxelles 69
- The deed holds 1 more point.
- General meeting, 12-12-2024
- Director resignation, DEMIROVSKI Dzemail
- The deed holds 1 more point.
2024
First establishment DEMIROVSKI, Rue du Petit-Bruxelles 69, Rebecq
IncorporationFounding capital of €2,000, 100 shares · Founders: DEMIROVSKI, Nenad; DEMIROVSKI, Dzemail; JASAROV, Denis · Appointments: DEMIROVSKI, Nenad (director) and DEMIROVSKI, Dzemail (director) · published on 07-10-20247 points ▸
- Founder, DEMIROVSKI, Nenad
- Founder, DEMIROVSKI, Dzemail
- Founder, JASAROV, Denis
- Founding capital, €2,000, 100 shares
- Director appointment, DEMIROVSKI, Nenad (director (not named in the articles))
- Director appointment, DEMIROVSKI, Dzemail (director (not named in the articles))
- Registered office clause, rue du Tram 40, 7060 Horrues
- The deed holds 8 more points.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
On 3 October 2024, DEMIROVSKI srl was incorporated by three natural persons, with a starting capital of €2,000.12 In 2025 the registered office moved to rue du Petit Bruxelles.3 Nenad DEMIROVSKI is director of the company, appointed by deed of 07-10-2024.2
Company details
Identity
- Enterprise number
- 1014.566.649
- VAT number
- BE 1014.566.649
- Peppol ID
- 0208:1014566649
- Other Peppol ID
- 9925:BE1014566649
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 03-10-2024
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- First Monday of Junedeed of 07-10-2024 (in French)
- Meeting chairThe articles say who chairs the meeting.
- “Sauf dans les cas prévus par la loi, l'assemblée statue quelle que soit la portion du capital représentée, à la majorité des voix”deed of 07-10-2024 (in French)
- Proxy ruleThe articles set whether a shareholder may be represented at the meeting by someone else.
- “Chaque actionnaire peut donner procuration à un mandataire, actionnaire au non”deed of 07-10-2024 (in French)
- Peppol
- Reachable since 25-12-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- DEMIROVSKI srl in French
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 07-10-2024 (in French)
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Région Wallonne”deed of 07-10-2024 (in French)
- Elected domicileThe directors or the company receive official documents at this address.
- “Le ou Les administrateurs, même non domicilié(s) à l'étranger, font élection de domicile au siège de la société, tout actionnaire…”deed of 07-10-2024 (in French)
Activities
NACEBEL 202556112
Limited-service restaurants, excluding mobile food services main activity
Codes under NACEBEL 2008
56102
Limited-service restaurants main activity
90029
Arts creation and performing arts activities
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “Toutes activités en rapport direct ou indirect avec la restauration en général et le secteur Horeca, l'organisation de banquets et…”deed of 07-10-2024 (in French)
8 activities
- Toutes activités en rapport direct ou indirect avec la restauration en général et le secteur Horeca, l'organisation de banquets et réceptions, le service traiteur, y compris l'organisation, la gestion et l'exploitation de restaurants, débits de boissons, tavernes, snack-bars, cafétérias, bars de nuit ainsi que toutes opérations de tourisme, d'hôtellerie, de divertissement et de loisirs
- L'exploitation, sous sa propre enseigne ou par voie de franchise ou licence de tout lunch-bar, bar de nuit, snack-bar, cafétéria, sandwicherie, service de cuisine rapide ou de petite restauration, de tout service traiteur et/ou d'un ou plusieurs restaurants
- L'exploitation, sous sa propre enseigne ou par voie de franchise ou licence, de tout magasin d'alimentation générale
- L'achat, la vente, tant en gros qu'au détail, l'importation, l'exportation, la représentation, la distribution, la location, la fabrication, la confection artisanale, semi-artisanale ou industrielle, le conditionnement et la commercialisation de tous produits ou denrées alimentaires ainsi que de tous produits liés à l'alimentation en général et à l'industrie alimentaire (frais, en conserve, secs ou surgelés et notamment de fruits et légumes), de boulangerie, de pâtisserie, de chocolaterie, d'épicerie, d'épicerie fine, de produits laitiers, de fromagerie, de charcuterie, de produits de la mer, de traiteur (plats préparés, ...), de confiserie, de biscuiterie, de boissons, de vins et de spiritueux, de tabacs, de cigarettes et accessoires, de même que de tous articles liés à l'art de la table et de décoration divers
- L'organisation et la gestion en tout genre de spectacles et d'événements, d'animations de groupe, de repas, de réceptions, de banquets, de colloques, de fêtes, de soirées de gala, d'activités sportives en tout genre et toutes activités analogues, à caractère événementiel et/ou promotionnel, de rencontres littéraires et culturelles, d'exposition, d'ateliers ; toutes manifestations et réceptions à caractère privé, commercial et professionnel pour son compte ou pour compte de tiers, et notamment en qualité de conseillers en matière d'organisations d'événements et de rencontres ; l'élaboration, la production, la promotion d' évènements par tous modes et moyens de communication, la mise à disposition d'hôtesses d'accueil ; tous services et conseils pour les enseignants et les collectivités, dépôts de livres, services de commande en ligne et livraison, fourniture en direct aux collectivités
- Toutes opérations commerciales, industrielles et financières, immobilières et mobilières, se rapportant directement ou indirectement à son objet ou susceptibles de favoriser son développement
- Prendre la direction et le contrôle, en sa qualité d'administrateur, liquidateur ou autrement, de sociétés affiliées ou filiales, et leur prodiguer des avis
- Prendre des participations dans d'autres sociétés ou entreprises existantes ou à créer, que ce soit en Belgique ou à l'étranger, dont l'objet serait semblable ou analogue au sien ou de nature à favoriser son objet, par voie d'apport en espèces ou en nature, de fusion, de souscription, de participation, d'intervention financière ou autrement
Registered office and establishments
1 establishment| Establishment | Since | Unit number | FASFC approval |
|---|---|---|---|
| DEMIROVSKI registered office Rue du Petit-Bruxelles 69, 1430 Rebecq | 23-10-2024 | 2.365.312.831 | Itinerant food vendors Catering |
1 former office
- Rue du Tram 40, 7060 Soignies until 05-09-2025 · deed of 21-10-2025
Buildings and parcels at the address
- Ground area
- 345 m²
- Buildings
- 55 m²
- Volume, LiDAR
- 553 m³
- Tallest building
- 11.6 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 25394E0137/00H004 | 345 m² | 1 · 55 m² | 11.6 m · 3 |
Recognitions
Food safety, FASFC
1 siteRebecqunit number 2.365.312.831