DEMKA
ActiveSummary
The annual accounts of DEMKA for fiscal year 2024 show a net loss of 60% of the equity at the start of that year. The 2024 annual accounts show equity of €4k and a net result of €-7k. Equity is shrinking by ~37.6% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 23% of 2464 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability0▼-95
Solvency36▼-27
Growth32=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit 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 short (current ratio 0.82 against 1.49 in 2023; short-term debt: 48.6% and cash: 35.6% of total assets), and 88.6% of the assets are financed with debt.
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Signals
Six 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 90
Relative position
BE, all sectors
reference
Arts creation and performing arts activities (NACE 90)
about 58% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · 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
11.4%
Return on assets
-17%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 2464 sector peers (2024).
NBB · sector comparisonPosition among 2464 sector peers
Solvency
better than 23%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 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 · 4 filingsDeviation from the deadline
2025
not confirmed
2024
29 d late
2023
29 d late
2022
4 d late
2021
14 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
History
Financials · fiscal year 2024, micro schema
Equity
€4k▼ 59.9%
2023 · €11k
Total assets
€39k▲ 34.5%
2023 · €29k
Net result
€-7k
2023 · €6k
Working capital
€-4k
2023 · €9k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2021202220232024
Operating result€11k-€-10k€7k€-5k
Net result€11k-€-11k€6k€-7k
Equity€16k-€5k▼ 68.0%€11k▲ 121%€4k▼ 59.9%
Total assets€23k-€34k▲ 46.7%€29k▼ 14.5%€39k▲ 34.5%
Debt€8k-€29k▲ 287%€18k▼ 37.9%€35k▲ 92.7%
Working capital€15k-€1k▼ 92.2%€9k▲ 647%€-4k
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 €5k after €7k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €39k
Fixed assets
€24k ▲ 932%
Current assets
€16k ▼ 42.1%
Equity and liabilities €39k
Equity
€4k ▼ 59.9%
Debt
€35k ▲ 92.7%
Debt's share of the balance-sheet total rises from 61.9% to 88.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-498▼
2023 · €8k
Cash flow
€-2k▼
2023 · €8k
Current ratio
0.82▼
2023 · 1.49
Debt to equity
7.80▲
2023 · 1.62
ROE
-149.4%▼
2023 · 54.7%
ROA
-17.0%▼
2023 · 20.9%
Interest coverage
-0.32▼
2023 · 35.41
Debt ≤ 1 year
€19k▲
2023 · €18k
Debt > 1 year
€16k
Income taxes
€120▼
2023 · €884
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €3k | €39k | €15k | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €18 | €800 | €2k | €5k | ▲ 191% |
| Other operating charges640/8 | €497 | - | €384 | €6k | ▲ 1,409% |
| Gross operating margin9900 | €15k | €29k | €23k | €5k | ▼ 77.4% |
| Operating profit (loss)9901 | €11k | €-10k | €7k | €-5k | ▼ 173% |
| Financial income75/76B | €0 | €0 | €340 | €17 | ▼ 94.9% |
| Recurring financial income75 | €0 | €0 | €340 | €17 | ▼ 94.9% |
| Financial charges65/66B | €58 | €252 | €238 | €2k | ▲ 544% |
| Recurring financial charges65 | €58 | €252 | €238 | €2k | ▲ 544% |
| Profit (loss) for the period before taxes9903 | €11k | €-11k | €7k | €-7k | ▼ 194% |
| Income taxes67/77 | €226 | - | €884 | €120 | ▼ 86.4% |
| Profit (loss) for the period9904 | €11k | €-11k | €6k | €-7k | ▼ 209% |
| Profit (loss) for the period to be appropriated9905 | €11k | €-11k | €6k | €-7k | ▼ 209% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €23k | €34k | €29k | €39k | ▲ 34.5% |
| Fixed assets21/28 | €644 | €4k | €2k | €24k | ▲ 932% |
| Tangible fixed assets22/27 | €644 | €4k | €2k | €24k | ▲ 932% |
| Furniture and vehicles24 | €644 | €4k | €2k | €24k | ▲ 932% |
| Current assets29/58 | €23k | €30k | €27k | €16k | ▼ 42.1% |
| Amounts receivable within one year40/41 | €82 | €15k | €12k | €392 | ▼ 96.7% |
| Trade receivables40 | - | €15k | €11k | €34 | ▼ 99.7% |
| Other amounts receivable41 | €82 | - | €358 | €358 | = |
| Cash at bank and in hand54/58 | €22k | €15k | €15k | €14k | ▼ 6.2% |
| Deferred charges and accrued income490/1 | €188 | - | €269 | €1k | ▲ 346% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €23k | €34k | €29k | €39k | ▲ 34.5% |
| Equity10/15 | €16k | €5k | €11k | €4k | ▼ 59.9% |
| Contributions10/11 | €5k | €5k | €5k | €5k | = |
| Profit (loss) carried forward14 | €11k | €45 | €6k | €-530 | ▼ 109% |
| Amounts payable17/49 | €8k | €29k | €18k | €35k | ▲ 92.7% |
| Amounts payable after more than one year17 | - | - | - | €16k | - |
| Financial debts170/4 | - | - | - | €16k | - |
| Amounts payable within one year42/48 | €8k | €29k | €18k | €19k | ▲ 5.7% |
| Current portion of amounts payable after more than one year42 | - | - | - | €6k | - |
| Trade debts44 | €105 | €5k | €8k | €4k | ▼ 53.0% |
| Suppliers440/4 | €105 | €5k | €8k | €4k | ▼ 53.0% |
| Taxes, remuneration and social security45 | €2k | €15k | €1k | €2k | ▲ 38.5% |
| Taxes450/3 | €1k | €6k | €1k | €2k | ▲ 38.5% |
| Remuneration and social security454/9 | €683 | €9k | - | - | - |
| Other amounts payable47/48 | €6k | €9k | €9k | €8k | ▼ 15.5% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €11k | €-11k | €6k | €-7k | ▼ 209% |
| + Depreciation and write-downs630 | €18 | €800 | €2k | €5k | ▲ 191% |
| Operating cash flow (approximation) | €11k | €-10k | €8k | €-2k | ▼ 128% |
| Investment in fixed assets (approximation) | - | €-4k | €0 | €-26k | - |
| Change in cash | - | €-8k | €74 | €-923 | ▼ 1,341% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-12
Financial
Back to profitnet €6k
Net result €6k after one loss-making year.
04-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 4 days late
2022
31-12
Financial
Weakest financial yearnet €-11k
Net result drops to €-11k, the lowest in the series; recovery starts the following year.
14-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 14 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 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, Rixensart · 1 establishment unit since 2020
Ground area
288 m²
Building footprint
115 m²
Volume, LiDAR
1,034 m³
Parcel 25091D0079/00A000, Wallonia · tallest building 10.9 m, ±3 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
DEMKA
since 20202.312.735.168
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25091D0079/00A000 | Wallonia | 288 m² | 1 · 115 m² | 10.9 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 3,527 companies in sector 90391 we hold annual accounts for 681. 268 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
Founded19-08-2020
Fiscal year end31-12
Activities, NACEBEL 2025
90391Promotion and organisation of arts and performing arts events
80010Investigation and private security services
90311Arts creation and performing arts activities
Scores and ratios are computed by Checked and are not a credit decision.