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DEMO

Active
Public limited companyfounded 198640 yrs activeStationsstraat 36, 9620 Zottegem, BelgiumKBO/BCE: BE 0428.980.124
Summary

DEMO has been active since 1986 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €176,533 and a net result of -€807. Equity remains stable across the filed fiscal years (±1.2% per year). The computed 12-month bankruptcy probability is 0.6% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability37▼-1
Solvency82▼-10
Growth32=
Track record100
Bankruptcy probability, 12 months
0.6% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10,000 at 30 days acceptable
Liquidity ample (current ratio 1.59 against 1.89 in 2024; short-term debt: 42.6% and cash: 7.5% of total assets), and 42.7% of the assets are financed with debt.
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Signals

Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 40 years 0 50 y
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 19-01-2026, 101 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
101 d early
2024
90 d early
2023
111 d early
2022
88 d early
2021
96 d early
2020
51 d early
2019
3 d early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 77 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 24 January (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
28-09-2026 today30-09-2026 close30-04-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 14 May 1986, DEMO was incorporated.1 Total assets went from EUR 204,876 in 2018 to EUR 307,903 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2025

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Financials · fiscal year 2025, micro schema

Equity
€176,533▼ 0.5%
2024 · €177,340
Total assets
€307,903▲ 15.7%
2024 · €266,057
Net result
-€807
2024 · €770
Working capital
€77,646▼ 1.0%
2024 · €78,444
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
Line20212022202320242025
Operating result-€9,539€1,632-€1,220€983-€548
Net result-€10,548▼ 2,674%-€153▲ 98.5%-€4,186▼ 2,633%€770-€807
Equity€180,909▼ 5.5%€180,756▼ 0.1%€176,570▼ 2.3%€177,340▲ 0.4%€176,533▼ 0.5%
Total assets€225,701▼ 4.1%€237,592▲ 5.3%€249,204▲ 4.9%€266,057▲ 6.8%€307,903▲ 15.7%
Debt€44,792▲ 2.3%€56,836▲ 26.9%€72,634▲ 27.8%€88,717▲ 22.1%€131,370▲ 48.1%
Working capital€83,136▼ 22.3%€83,549▲ 0.5%€80,544▼ 3.6%€78,444▼ 2.6%€77,646▼ 1.0%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€15,000-€10,000-€5,000€0Operating result 2021: -€9,539-€9,539Net result 2021: -€10,548-€10,548Operating result 2022: €1,632€1,632Net result 2022: -€153-€153Operating result 2023: -€1,220-€1,220Net result 2023: -€4,186-€4,186Operating result 2024: €983€983Net result 2024: €770€770Operating result 2025: -€548-€548Net result 2025: -€807-€80720212022202320242025-€6,000-€4,000-€2,000€0Operating result 2023: -€1,220-€1,220Net result 2023: -€4,186-€4,190Operating result 2024: €983€983Net result 2024: €770€770Operating result 2025: -€548-€548Net result 2025: -€807-€807202320242025
The operating result turns negative in 2025: a loss of €548 after €983 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €307,903
Fixed assets €99,186 =
Current assets €208,717 ▲ 25.1%
Equity and liabilities €307,903
Equity €176,533 ▼ 0.5%
Debt €131,370 ▲ 48.1%
Debt's share of the balance-sheet total rises from 33.3% to 42.7%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
Current ratio
1.59▼
2024 · 1.89
Debt to equity
0.74▲
2024 · 0.50
ROE
-0.5%▼
2024 · 0.4%
ROA
-0.3%▼
2024 · 0.3%
Debt ≤ 1 year
€131,070▲
2024 · €88,426
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 12,321 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 90% are still going.

  • Micro
  • 20 years or older
  • solvency 30% or more
  • a small loss
0.6% went bankrupt
8.5% stopped otherwise
90% still going

A further 0.6% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.6% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.7%
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 75% 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 12,321 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 39 lines
Balance sheet Code20242025
Assets
Total assets20/58€266,057€307,903▲
Fixed assets21/28€99,186€99,186=
Tangible fixed assets22/27€99,157€99,157=
Land and buildings22€99,157€99,157=
Financial fixed assets28€29€29=
Current assets29/58€166,871€208,717▲
Amounts receivable within one year40/41€163,600€182,079▲
Other amounts receivable41€163,600€182,079▲
Cash at bank and in hand54/58€3,270€23,137▲
Deferred charges and accrued income490/1€0€3,500▲
Equity and liabilities
Total equity and liabilities10/49€266,057€307,903▲
Equity10/15€177,340€176,533▼
Contributions10/11€62,000€62,000=
Capital10€62,000€62,000=
Issued capital100€62,000€62,000=
Reserves13€115,200€114,200▼
Non-distributable reserves130/1€6,200€6,200=
Legal reserve130€6,200€6,200=
Distributable reserves133€109,000€108,000▼
Profit (loss) carried forward14€140€333▲
Amounts payable17/49€88,717€131,370▲
Amounts payable within one year42/48€88,426€131,070▲
Trade debts44€854€941▲
Suppliers440/4€854€941▲
Other amounts payable47/48€87,573€130,129▲
Accrued charges and deferred income492/3€291€300▲
Income statement Code20242025
Other operating charges640/8€17,891€18,506▲
Gross operating margin9900€18,873€17,958▼
Operating profit (loss)9901€983-€548▼
Financial charges65/66B€213€260▲
Recurring financial charges65€213€260▲
Profit (loss) for the period before taxes9903€770-€807▼
Profit (loss) for the period9904€770-€807▼
Profit (loss) for the period to be appropriated9905€770-€807▼
Appropriation of the result
Profit (loss) to be appropriated9906€1,140-€667▼
Profit (loss) brought forward from the previous period14P€370€140▼
Transfer from equity791/2€0€1,000▲
Transfer to equity691/2€1,000€0▼
To other reserves6921€1,000€0▼

The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Other operating charges640/8-€15,766€17,229€17,891€18,506▲ 3.4%
Gross operating margin9900€6,416€17,397€16,009€18,873€17,958▼ 4.9%
Operating profit (loss)9901-€9,539€1,632-€1,220€983-€548▼ 156%
Financial income75/76B-€0----
Recurring financial income75€159€0----
Financial charges65/66B-€1,785€2,966€213€260▲ 22.0%
Recurring financial charges65€1,169€1,785€2,966€213€260▲ 22.0%
Profit (loss) for the period before taxes9903-€10,548-€153-€4,186€770-€807▼ 205%
Profit (loss) for the period9904-€10,548-€153-€4,186€770-€807▼ 205%
Profit (loss) for the period to be appropriated9905-€10,548-€153-€4,186€770-€807▼ 205%
Line20212022202320242025Change
Assets
Total assets20/58€225,701€237,592€249,204€266,057€307,903▲ 15.7%
Fixed assets21/28€99,186€99,186€99,186€99,186€99,186=
Tangible fixed assets22/27€99,157€99,157€99,157€99,157€99,157=
Land and buildings22-€99,157€99,157€99,157€99,157=
Financial fixed assets28€29€29€29€29€29=
Current assets29/58€126,515€138,406€150,018€166,871€208,717▲ 25.1%
Amounts receivable within one year40/41€123,720€134,860€147,812€163,600€182,079▲ 11.3%
Other amounts receivable41-€134,860€147,812€163,600€182,079▲ 11.3%
Cash at bank and in hand54/58€2,795€3,546€1,931€3,270€23,137▲ 608%
Deferred charges and accrued income490/1--€275€0€3,500-
Equity and liabilities
Total equity and liabilities10/49€225,701€237,592€249,204€266,057€307,903▲ 15.7%
Equity10/15€180,909€180,756€176,570€177,340€176,533▼ 0.5%
Contributions10/11€62,000€62,000€62,000€62,000€62,000=
Capital10-€62,000€62,000€62,000€62,000=
Issued capital100-€62,000€62,000€62,000€62,000=
Reserves13€118,700€118,700€114,200€115,200€114,200▼ 0.9%
Non-distributable reserves130/1-€6,200€6,200€6,200€6,200=
Legal reserve130-€6,200€6,200€6,200€6,200=
Distributable reserves133-€112,500€108,000€109,000€108,000▼ 0.9%
Profit (loss) carried forward14€209€56€370€140€333▲ 137%
Amounts payable17/49€44,792€56,836€72,634€88,717€131,370▲ 48.1%
Amounts payable within one year42/48€43,378€54,857€69,474€88,426€131,070▲ 48.2%
Trade debts44€1,779€1,413€882€854€941▲ 10.2%
Suppliers440/4-€1,413€882€854€941▲ 10.2%
Other amounts payable47/48-€53,444€68,592€87,573€130,129▲ 48.6%
Accrued charges and deferred income492/3-€1,979€3,160€291€300▲ 3.2%
Line20212022202320242025Change
Profit (loss) for the period9904-€10,548-€153-€4,186€770-€807▼ 205%
Operating cash flow (approximation)-€10,548-€153-€4,186€770-€807▼ 205%
Investment in fixed assets (approximation)-€0€0€0€0-
Change in cash-€751-€1,615€1,339€19,867▲ 1,383%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 30-04-2027
2026
19-01
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
30-01
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial Back to profitnet €770
Net result €770 after 4 loss-making years.
10-01
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
01-02
NBB filing Annual accounts filed
fiscal year 2022 · micro schema
2022
24-01
NBB filing Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-09
Financial Weakest financial yearnet -€10,548
Net result drops to -€10,548, the lowest in the series; recovery starts the following year.
10-03
NBB filing Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
27-04
NBB filing Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
03-05
NBB filing Annual accounts filed
fiscal year 2018 · abbreviated schema · 3 days late
2018
12-04
NBB filing Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
31-03
NBB filing Annual accounts filed
fiscal year 2016 · abbreviated schema
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, Zottegem · 1 establishment unit since 1978
seat establishment The establishment unit on the map
Ground area
563 m²
Building footprint
314 m²
Volume, LiDAR
2,785 m³
Parcel 41081A0530/00Y004, Flanders · tallest building 14.7 m, ±3 floors. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 establishment unit
Stationsstraat 36, 9620 Zottegem
NACE 51422
since 19782.012.606.181
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
41081A0530/00Y004 Flanders 563 m² 1 · 313 m² 14.7 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.

Identification & contact

Identification
Legal formPublic limited company
Founded14-05-1986
Fiscal year end30-09
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

What can you do?

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If you follow this company, Checked tells you the day it appears in the Peppol register.

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.