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 €4,470 and a net result of -€6,677. 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 22% of 2465 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).
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Signals
This company filed its last 4 accounts on average 19 days after the deadline; the sector median for financial year 2024 is 4 days before the deadline, and 38% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
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Peer companies
Historical observationOf the 1,136 companies that looked in July 2024 the way this one looks now, 5.9% went bankrupt within 24 months and 86% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a loss of 10% of the balance sheet or more
A further 1.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.9% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 1,136 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.
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €3,295 | €39,054 | €14,617 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €18 | €800 | €1,560 | €4,541 | ▲ 191% |
| Other operating charges640/8 | €497 | - | €384 | €5,801 | ▲ 1,409% |
| Gross operating margin9900 | €14,880 | €29,366 | €23,445 | €5,303 | ▼ 77.4% |
| Operating profit (loss)9901 | €11,068 | -€10,488 | €6,884 | -€5,038 | ▼ 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 | €1,536 | ▲ 544% |
| Recurring financial charges65 | €58 | €252 | €238 | €1,536 | ▲ 544% |
| Profit (loss) for the period before taxes9903 | €11,011 | -€10,739 | €6,986 | -€6,557 | ▼ 194% |
| Income taxes67/77 | €226 | - | €884 | €120 | ▼ 86.4% |
| Profit (loss) for the period9904 | €10,785 | -€10,739 | €6,102 | -€6,677 | ▼ 209% |
| Profit (loss) for the period to be appropriated9905 | €10,785 | -€10,739 | €6,102 | -€6,677 | ▼ 209% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €23,313 | €34,200 | €29,250 | €39,353 | ▲ 34.5% |
| Fixed assets21/28 | €644 | €3,861 | €2,301 | €23,747 | ▲ 932% |
| Tangible fixed assets22/27 | €644 | €3,861 | €2,301 | €23,747 | ▲ 932% |
| Furniture and vehicles24 | €644 | €3,861 | €2,301 | €23,747 | ▲ 932% |
| Current assets29/58 | €22,669 | €30,338 | €26,949 | €15,606 | ▼ 42.1% |
| Amounts receivable within one year40/41 | €82 | €15,476 | €11,743 | €392 | ▼ 96.7% |
| Trade receivables40 | - | €15,476 | €11,385 | €34 | ▼ 99.7% |
| Other amounts receivable41 | €82 | - | €358 | €358 | = |
| Cash at bank and in hand54/58 | €22,400 | €14,863 | €14,937 | €14,014 | ▼ 6.2% |
| Deferred charges and accrued income490/1 | €188 | - | €269 | €1,200 | ▲ 346% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €23,313 | €34,200 | €29,250 | €39,353 | ▲ 34.5% |
| Equity10/15 | €15,785 | €5,045 | €11,147 | €4,470 | ▼ 59.9% |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Profit (loss) carried forward14 | €10,785 | €45 | €6,147 | -€530 | ▼ 109% |
| Amounts payable17/49 | €7,528 | €29,154 | €18,103 | €34,883 | ▲ 92.7% |
| Amounts payable after more than one year17 | - | - | - | €15,751 | - |
| Financial debts170/4 | - | - | - | €15,751 | - |
| Amounts payable within one year42/48 | €7,528 | €29,154 | €18,103 | €19,132 | ▲ 5.7% |
| Current portion of amounts payable after more than one year42 | - | - | - | €5,934 | - |
| Trade debts44 | €105 | €5,416 | €7,736 | €3,639 | ▼ 53.0% |
| Suppliers440/4 | €105 | €5,416 | €7,736 | €3,639 | ▼ 53.0% |
| Taxes, remuneration and social security45 | €1,811 | €14,761 | €1,470 | €2,036 | ▲ 38.5% |
| Taxes450/3 | €1,128 | €5,918 | €1,470 | €2,036 | ▲ 38.5% |
| Remuneration and social security454/9 | €683 | €8,843 | - | - | - |
| Other amounts payable47/48 | €5,612 | €8,978 | €8,898 | €7,523 | ▼ 15.5% |
| Line | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €10,785 | -€10,739 | €6,102 | -€6,677 | ▼ 209% |
| + Depreciation and write-downs630 | €18 | €800 | €1,560 | €4,541 | ▲ 191% |
| Operating cash flow (approximation) | €10,803 | -€9,939 | €7,662 | -€2,136 | ▼ 128% |
| Investment in fixed assets (approximation) | - | -€4,018 | €0 | -€25,986 | - |
| Change in cash | - | -€7,537 | €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.
Timeline · acts, filings and financial milestones
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.
Directors · office · real estate
1 establishment unit
1 parcel
| 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
Similar companies · same sector, comparable size
Identification & contact
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.