DEMO PLUS
ActiveSummary
The annual accounts of DEMO PLUS for fiscal year 2024 show a net loss of 71% of the equity at the start of that year. The 2024 annual accounts show equity of €12k and a net result of €-29k. Equity remains stable across the filed fiscal years (±1.8% per year). The company has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability35▼-2
Solvency28▼-51
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days 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 0.65 against 0.5 in 2023; short-term debt: 55.8% and cash: 14% of total assets), and 97.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
2.5%
Return on assets
-6.1%
Age of the figures
21 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year €-29k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 13-08-2025, 13 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
13 d late
2023
1 d early
2022
29 d late
2021
61 d late
2020
90 d late
2019
29 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€12k▼ 70.6%
2023 · €41k
Total assets
€480k▲ 529%
2023 · €76k
Net result
€-29k▼ 21,346%
2023 · €-136
Working capital
€-93k▼ 439%
2023 · €-17k
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
Line20202021202220232024
Operating result€1k▼ 30.0%€1k▼ 18.8%€320▼ 73.2%€356▲ 11.2%€-21k
Net result€1k▼ 67.9%€1k▼ 17.1%€320▼ 73.2%€-136€-29k▼ 21,346%
Equity€40k▲ 3.7%€41k▲ 3.0%€41k▲ 0.8%€41k▼ 0.3%€12k▼ 70.6%
Total assets€142k▼ 0.5%€141k▼ 0.6%€142k▲ 0.8%€76k▼ 46.4%€480k▲ 529%
Debt€102k▼ 2.0%€100k▼ 2.0%€101k▲ 0.8%€35k▼ 65.3%€468k▲ 1,239%
Working capital€70k▲ 7.6%€79k€-17k€-93k▼ 439%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €21k after €356 in 2023, the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €480k
Fixed assets
€305k ▲ 417%
Current assets
€175k ▲ 913%
Equity and liabilities €480k
Equity
€12k ▼ 70.6%
Debt
€468k ▲ 1,239%
Debt's share of the balance-sheet total rises from 45.8% to 97.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€23k▲
2023 · €4k
Cash flow
€15k▲
2023 · €3k
Current ratio
0.65▲
2023 · 0.50
Quick ratio
0.25▼
2023 · 0.50
Debt to equity
38.42▲
2023 · 0.84
ROE
-239.7%▼
2023 · -0.3%
ROA
-6.1%▼
2023 · -0.2%
Interest coverage
2.91
Debt ≤ 1 year
€268k▲
2023 · €35k
Debt > 1 year
€199k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4k | €4k | €4k | €4k | €44k | ▲ 1,160% |
| Other operating charges640/8 | - | €695 | €380 | €384 | €1k | ▲ 271% |
| Gross operating margin9900 | €6k | €5k | €4k | €4k | €25k | ▲ 479% |
| Operating profit (loss)9901 | €1k | €1k | €320 | €356 | €-21k | ▼ 6,050% |
| Financial charges65/66B | - | - | - | - | €8k | - |
| Recurring financial charges65 | €30 | - | - | - | €8k | - |
| Profit (loss) for the period before taxes9903 | €1k | €1k | €320 | €356 | €-29k | ▼ 8,300% |
| Income taxes67/77 | - | - | - | €492 | - | - |
| Profit (loss) for the period9904 | €1k | €1k | €320 | €-136 | €-29k | ▼ 21,346% |
| Profit (loss) for the period to be appropriated9905 | €1k | €1k | €320 | €-136 | €-29k | ▼ 21,346% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €142k | €141k | €142k | €76k | €480k | ▲ 529% |
| Formation expenses20 | - | - | - | €0 | €0 | - |
| Fixed assets21/28 | €70k | €66k | €63k | €59k | €305k | ▲ 417% |
| Tangible fixed assets22/27 | €70k | €66k | €63k | €59k | €305k | ▲ 417% |
| Land and buildings22 | - | €66k | €63k | €59k | €305k | ▲ 417% |
| Current assets29/58 | €72k | €75k | €80k | €17k | €175k | ▲ 913% |
| Stocks and contracts in progress3 | - | - | - | - | €107k | - |
| Stocks30/36 | - | - | - | - | €107k | - |
| Amounts receivable within one year40/41 | €72k | €75k | €80k | €17k | €157 | ▼ 99.1% |
| Trade receivables40 | - | - | - | €10k | €157 | ▼ 98.5% |
| Other amounts receivable41 | - | €75k | €80k | €7k | - | - |
| Cash at bank and in hand54/58 | €78 | - | €63 | - | €67k | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €142k | €141k | €142k | €76k | €480k | ▲ 529% |
| Equity10/15 | €40k | €41k | €41k | €41k | €12k | ▼ 70.6% |
| Contributions10/11 | €12k | €12k | €12k | €12k | €12k | = |
| Capital10 | - | €12k | - | - | - | - |
| Issued capital100 | - | €19k | - | - | - | - |
| Uncalled capital101 | - | €6k | - | - | - | - |
| Reserves13 | €28k | €29k | €29k | €29k | - | - |
| Non-distributable reserves130/1 | - | €2k | €2k | - | - | - |
| Legal reserve130 | - | €2k | - | - | - | - |
| Reserves not available under the articles1311 | - | - | €2k | - | - | - |
| Distributable reserves133 | - | €27k | €27k | €29k | - | - |
| Profit (loss) carried forward14 | - | - | - | - | €-226 | - |
| Amounts payable17/49 | €102k | €100k | €101k | €35k | €468k | ▲ 1,239% |
| Amounts payable after more than one year17 | €100k | €100k | €100k | - | €199k | - |
| Financial debts170/4 | - | €100k | €100k | - | €199k | - |
| Amounts payable within one year42/48 | €2k | - | €756 | €35k | €268k | ▲ 676% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €11k | - |
| Financial debts43 | - | - | - | - | €93k | - |
| Credit institutions430/8 | - | - | - | - | €93k | - |
| Trade debts44 | - | - | - | €635 | €0 | ▼ 100% |
| Suppliers440/4 | - | - | - | €635 | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | - | - | - | €177 | - | - |
| Taxes450/3 | - | - | - | €177 | - | - |
| Other amounts payable47/48 | - | - | €756 | €34k | €164k | ▲ 387% |
| Accrued charges and deferred income492/3 | - | - | - | €384 | €387 | ▲ 0.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1k | €1k | €320 | €-136 | €-29k | ▼ 21,346% |
| + Depreciation and write-downs630 | €4k | €4k | €4k | €4k | €44k | ▲ 1,160% |
| Operating cash flow (approximation) | €5k | €5k | €4k | €3k | €15k | ▲ 351% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €-290k | - |
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
2025
13-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 13 days late
2024
31-12
Financial
Weakest financial yearnet €-29k
Net result drops to €-29k, the lowest in the series.
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
30-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 61 days late
2021
29-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 90 days late
2020
31-12
Financial
Liquidity doublescurrent ratio 35.24
Current ratio from 16.69 to 35.24; short-term debt falls from €4k to €2k.
29-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 29 days late
2019
31-12
Financial
Highest result since 2018net €4k ▲3.6%
Operating result €2k, net result €4k, both a record.
10-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 71 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
2017
26-10
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 87 days late
2016
23-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 23 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Zoutleeuw · 1 establishment unit since 2007
Ground area
1,576 m²
Building footprint
291 m²
Volume, LiDAR
1,687 m³
Parcel 24021A0008/00K000, Flanders · tallest building 6.3 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Grote Steenweg 5, 3440 Zoutleeuw
since 20072.189.059.574
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24021A0008/00K000 | Flanders | 1,576 m² | 1 · 291 m² | 6.3 m · 2 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 formPrivate limited company
Founded18-04-2007
Fiscal year end31-12
Scores and ratios are computed by Checked and are not a credit decision.