DEMOFIN
ActiveSummary
DEMOFIN has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €141k and a net result of €55k. Equity remains stable across the filed fiscal years (±1.3% per year). Its solvency ranks better than 51% of 928 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability94▲+5
Solvency70▲+1
Growth56=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10k at 30 days acceptable
Liquidity short (current ratio 0.33 against 0.59 in 2024; short-term debt: 40.3% and cash: 4.3% of total assets), and 54.6% 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○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 82
Relative position
BE, all sectors
reference
Office administrative, office support and other business support activities (NACE 82)
about 37% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
45.4%
Return on assets
17.8%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 03-08-2026, 3 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
3 d late
2024
29 d late
2023
46 d late
2022
7 d early
2021
22 d late
2020
32 d late
2019
45 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€243k▲ 2.9%
2024 · €236k
2018: €167k
2019: €128k▼ -23.3% vs 2018lowest in 8 years
2020: €140k▲ +9.5% vs 2019
2021: €158k▲ +13.0% vs 2020
2022: €197k▲ +24.3% vs 2021
2023: €200k▲ +1.8% vs 2022
2024: €236k▲ +17.7% vs 2023
2025: €243k▲ +2.9% vs 2024highest in 8 years
2018 → 2025
EBIT margin
31.1%▲ 4.8pp
2024 · 26.3%
2018: 22.5%
2019: 11.9%▼ -47.0% vs 2018
2020: 13.5%▲ +13.4% vs 2019
2021: 7.4%▼ -45.5% vs 2020lowest in 8 years
2022: 22.1%▲ +199% vs 2021
2023: 17.9%▼ -18.7% vs 2022
2024: 26.3%▲ +46.9% vs 2023
2025: 31.1%▲ +18.3% vs 2024highest in 8 years
2018 → 2025
Net result
€55k▲ 33.8%
2024 · €41k
2018: €27k
2019: €10k▼ -63.0% vs 2018
2020: €12k▲ +25.0% vs 2019
2021: €5k▼ -60.9% vs 2020lowest in 8 years
2022: €28k▲ +484% vs 2021
2023: €21k▼ -25.7% vs 2022
2024: €41k▲ +97.0% vs 2023
2025: €55k▲ +33.8% vs 2024highest in 8 years
2018 → 2025
Working capital
€-84k▼ 149%
2024 · €-34k
2018: €-23k
2019: €24k▲ +204% vs 2018highest in 8 years
2020: €-13k▼ -152% vs 2019
2021: €-28k▼ -117% vs 2020
2022: €-30k▼ -9.5% vs 2021
2023: €-33k▼ -7.9% vs 2022
2024: €-34k▼ -4.0% vs 2023
2025: €-84k▼ -149% vs 2024lowest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€158k-€197k▲ 24.3%€200k▲ 1.8%€236k▲ 17.7%€243k▲ 2.9%
2021: €158klowest in 5 years
2022: €197k▲ +24.3% vs 2021
2023: €200k▲ +1.8% vs 2022
2024: €236k▲ +17.7% vs 2023
2025: €243k▲ +2.9% vs 2024highest in 5 years
Equity€150k-€149k▼ 1.2%€140k▼ 6.1%€151k▲ 8.1%€141k▼ 6.4%
2021: €150k
2022: €149k▼ -1.2% vs 2021
2023: €140k▼ -6.1% vs 2022lowest in 5 years
2024: €151k▲ +8.1% vs 2023highest in 5 years
2025: €141k▼ -6.4% vs 2024
Operating result€12k-€43k▲ 271%€36k▼ 17.2%€62k▲ 73.0%€76k▲ 21.7%
2021: €12klowest in 5 years
2022: €43k▲ +271% vs 2021
2023: €36k▼ -17.2% vs 2022
2024: €62k▲ +73.0% vs 2023
2025: €76k▲ +21.7% vs 2024highest in 5 years
Net result€5k-€28k▲ 484%€21k▼ 25.7%€41k▲ 97.0%€55k▲ 33.8%
2021: €5klowest in 5 years
2022: €28k▲ +484% vs 2021
2023: €21k▼ -25.7% vs 2022
2024: €41k▲ +97.0% vs 2023
2025: €55k▲ +33.8% vs 2024highest in 5 years
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 22% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €311k
Fixed assets
€270k ▼ 7.3%
Current assets
€41k ▼ 15.7%
Equity and liabilities €311k
Equity
€141k ▼ 6.4%
Debt
€170k ▼ 10.2%
Debt's share of the balance-sheet total falls from 55.6% to 54.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
€107k▲
2024 · €93k
Cash flow
€87k▲
2024 · €73k
Current ratio
0.33▼
2024 · 0.59
Debt to equity
1.20▼
2024 · 1.25
ROE
39.2%▲
2024 · 27.4%
ROA
17.8%▲
2024 · 12.2%
Interest coverage
20.99▲
2024 · 11.04
Debt ≤ 1 year
€125k▲
2024 · €82k
Debt > 1 year
€44k▼
2024 · €107k
Income taxes
€15k▲
2024 · €12k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 48 lines
Balance sheet
Code20242025
Assets
Total assets20/58€340k€311k▼
Fixed assets21/28€291k€270k▼
Tangible fixed assets22/27€291k€270k▼
Land and buildings22€266k€252k▼
Furniture and vehicles24€3k€4k▲
Leasing and similar rights25€22k€14k▼
Financial fixed assets28€31€31=
Current assets29/58€48k€41k▼
Amounts receivable within one year40/41€34k€23k▼
Trade receivables40€30k€23k▼
Other amounts receivable41€4k-
Cash at bank and in hand54/58€9k€13k▲
Deferred charges and accrued income490/1€6k€5k▼
Equity and liabilities
Total equity and liabilities10/49€340k€311k▼
Equity10/15€151k€141k▼
Contributions10/11€74k€74k=
Capital10€74k€74k=
Issued capital100€74k€74k=
Reserves13€7k€7k=
Non-distributable reserves130/1€7k€7k=
Legal reserve130€7k€7k=
Profit (loss) carried forward14€69k€59k▼
Amounts payable17/49€189k€170k▼
Amounts payable after more than one year17€107k€44k▼
Financial debts170/4€107k€44k▼
Amounts payable within one year42/48€82k€125k▲
Current portion of amounts payable after more than one year42€22k€25k▲
Trade debts44€3k€4k▲
Suppliers440/4€3k€4k▲
Taxes, remuneration and social security45€37k€47k▲
Taxes450/3€37k€47k▲
Other amounts payable47/48€21k€49k▲
Accrued charges and deferred income492/3€10-
Income statement
Code20242025
Turnover70€236k€243k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€31k€32k▲
Other operating charges640/8€6k€7k▲
Gross operating margin9900€100k€114k▲
Operating profit (loss)9901€62k€76k▲
Financial charges65/66B€8k€5k▼
Recurring financial charges65€8k€5k▼
Profit (loss) for the period before taxes9903€54k€70k▲
Income taxes67/77€12k€15k▲
Profit (loss) for the period9904€41k€55k▲
Profit (loss) for the period to be appropriated9905€41k€55k▲
Appropriation of the result
Profit (loss) to be appropriated9906€99k€124k▲
Profit (loss) brought forward from the previous period14P€58k€69k▲
Profit to be distributed694/7€30k€65k▲
Directors or managers695€30k€65k▲
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €158k | €197k | €200k | €236k | €243k | ▲ 2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €15k | €24k | €31k | €31k | €32k | ▲ 1.1% |
| Other operating charges640/8 | €10k | €4k | €6k | €6k | €7k | ▲ 13.2% |
| Gross operating margin9900 | €37k | €72k | €73k | €100k | €114k | ▲ 14.7% |
| Operating profit (loss)9901 | €12k | €43k | €36k | €62k | €76k | ▲ 21.7% |
| Financial charges65/66B | €5k | €7k | €9k | €8k | €5k | ▼ 39.6% |
| Recurring financial charges65 | €5k | €7k | €9k | €8k | €5k | ▼ 39.6% |
| Profit (loss) for the period before taxes9903 | €7k | €36k | €27k | €54k | €70k | ▲ 31.3% |
| Income taxes67/77 | €2k | €8k | €6k | €12k | €15k | ▲ 23.0% |
| Profit (loss) for the period9904 | €5k | €28k | €21k | €41k | €55k | ▲ 33.8% |
| Profit (loss) for the period to be appropriated9905 | €5k | €28k | €21k | €41k | €55k | ▲ 33.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €361k | €387k | €361k | €340k | €311k | ▼ 8.5% |
| Fixed assets21/28 | €333k | €349k | €323k | €291k | €270k | ▼ 7.3% |
| Tangible fixed assets22/27 | €333k | €349k | €322k | €291k | €270k | ▼ 7.3% |
| Land and buildings22 | €333k | €310k | €288k | €266k | €252k | ▼ 5.5% |
| Furniture and vehicles24 | - | €1k | €4k | €3k | €4k | ▲ 33.7% |
| Leasing and similar rights25 | - | €38k | €30k | €22k | €14k | ▼ 35.3% |
| Financial fixed assets28 | €31 | €31 | €31 | €31 | €31 | = |
| Current assets29/58 | €29k | €38k | €39k | €48k | €41k | ▼ 15.7% |
| Amounts receivable within one year40/41 | €19k | €17k | €23k | €34k | €23k | ▼ 33.6% |
| Trade receivables40 | €13k | €16k | €20k | €30k | €23k | ▼ 25.5% |
| Other amounts receivable41 | €6k | €1k | €3k | €4k | - | - |
| Cash at bank and in hand54/58 | €3k | €15k | €10k | €9k | €13k | ▲ 52.6% |
| Deferred charges and accrued income490/1 | €6k | €6k | €6k | €6k | €5k | ▼ 12.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €361k | €387k | €361k | €340k | €311k | ▼ 8.5% |
| Equity10/15 | €150k | €149k | €140k | €151k | €141k | ▼ 6.4% |
| Contributions10/11 | €74k | €74k | €74k | €74k | €74k | = |
| Capital10 | €74k | €74k | €74k | €74k | €74k | = |
| Issued capital100 | €74k | €74k | €74k | €74k | €74k | = |
| Reserves13 | €7k | €7k | €7k | €7k | €7k | = |
| Non-distributable reserves130/1 | €7k | €7k | €7k | €7k | €7k | = |
| Legal reserve130 | €7k | €7k | €7k | €7k | €7k | = |
| Profit (loss) carried forward14 | €68k | €67k | €58k | €69k | €59k | ▼ 14.0% |
| Amounts payable17/49 | €211k | €239k | €222k | €189k | €170k | ▼ 10.2% |
| Amounts payable after more than one year17 | €153k | €170k | €150k | €107k | €44k | ▼ 58.3% |
| Financial debts170/4 | €153k | €170k | €150k | €107k | €44k | ▼ 58.3% |
| Amounts payable within one year42/48 | €56k | €68k | €71k | €82k | €125k | ▲ 52.2% |
| Current portion of amounts payable after more than one year42 | €14k | €21k | €22k | €22k | €25k | ▲ 13.6% |
| Trade debts44 | €26k | €656 | €3k | €3k | €4k | ▲ 42.1% |
| Suppliers440/4 | €26k | €656 | €3k | €3k | €4k | ▲ 42.1% |
| Taxes, remuneration and social security45 | €16k | €21k | €25k | €37k | €47k | ▲ 28.5% |
| Taxes450/3 | €12k | €21k | €25k | €37k | €47k | ▲ 28.5% |
| Remuneration and social security454/9 | €4k | - | - | - | - | - |
| Other amounts payable47/48 | - | €25k | €21k | €21k | €49k | ▲ 135% |
| Accrued charges and deferred income492/3 | €1k | €753 | €164 | €10 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5k | €28k | €21k | €41k | €55k | ▲ 33.8% |
| + Depreciation and write-downs630 | €15k | €24k | €31k | €31k | €32k | ▲ 1.1% |
| Operating cash flow (approximation) | €20k | €52k | €52k | €73k | €87k | ▲ 19.7% |
| Investment in fixed assets (approximation) | - | €-41k | €-4k | €0 | €-10k | - |
| Change in cash | - | €11k | €-5k | €-832 | €5k | ▲ 649% |
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
Next filing, fiscal year 2026, expected by
2026
03-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 3 days late
2025
31-12
Financial
Highest result since 2018net €55k ▲33.8%
Operating result €76k, net result €55k, both a record.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 29 days late
2024
31-12
Financial
Equity above €150kEq €151k ▲8.1%
7 profitable years in a row build equity to €151k.
15-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 46 days late
2023
24-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
22-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 22 days late
2021
31-12
Financial
Weakest financial yearnet €5k ▼60.9%
Net result drops to €5k, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €150kEq €150k ▲3.3%
4 profitable years in a row build equity to €150k.
01-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 32 days late
2020
14-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 45 days late
2019
31-12
Financial
Liquidity quadruplescurrent ratio 2.21
Current ratio from 0.54 to 2.21; short-term debt falls from €50k to €20k.
Show earlier events
22-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 53 days late
2018
24-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 55 days late
2017
26-07
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 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
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Directors · office · real estate
Directors
6 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, Waregem · 1 establishment unit since 1996
Ground area
1,865 m²
Building footprint
225 m²
Volume, LiDAR
1,335 m³
Parcel 34452B0469/00G000, Flanders · tallest building 9.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
DEMOFIN NV
since 19962.077.858.774
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34452B0469/00G000 | Flanders | 1,865 m² | 1 · 225 m² | 9.8 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.
Public money · subsidies and aid
Flemish government
2025 · 2 entries · 13,363 EUR awarded · 11,464 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 13,363 EUR | 11,464 EUR |
Schemes
Schadevergoeding van de overheid
Retroactieve investeringspremie voor eigenaars van zonnepanelen na afschaffing van terugdraaiende teller
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Of 24,497 companies in sector 82990 we hold annual accounts for 9,406. 7,149 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded12-08-1996
Fiscal year end31-12
Activities, NACEBEL 2025
82990Other business support services
81100Combined facilities support activities
Contact
Website
www.demofin.com
E-mail
info@demofin.com
Scores and ratios are computed by Checked and are not a credit decision.
General meetings
2 convocationsExtraordinary general meeting
Agenda
1. Kennisname en bespreking van het verslag van de raad van bestuur. 2. Goedkeuring van de jaarrekening per 31/12/2010 en bestemming van het resultaat. 3. Kwijting aan de raad van bestuur. 4. Allerlei. (AOPC11103633/19.07) (30171) INTRABUILDING EUROPE, société anonyme, avenue Cardinal Mercier 58, 5000 NAMUR Numéro d’entreprise : 0450.704.263 Assemblée générale ordinaire au siège social le 08/8/2011, à 11 heures. Ordre du jour : 1. Rapport de gestion du conseil d’administration. 2. Approbation des comptes annuels clos au 31/12/2010. 3. Affectation des résultats. 4. Décharge aux Administrateurs. 5. Nominations et renouvellements des mandats. 6. Pouvoirs et divers. (AOPC-1-11-03785/19.07) (3017 ...
Ordinary general meeting
Agenda
1. Verslag van de raad van bestuur. 2. Goedkeuring van de jaarrekening per 31/12/2009. 3. Bestemming van het resultaat. 4. Kwijting aan de bestuurders. 5. Allerlei. Om tot de vergadering te worden toegelaten dienen de houders van titels aan toonder, overeenkomstig art. 22 van de statuten, deze titels te deponeren, tenminste drie volle dagen voor de vergadering op de maatschappelijke zetel. (AOPC11005085/23.07) (29938) Fal-Achel, naamloze vennootschap, Oude Pastorijstraat 11, 3930 Hamont-Achel Ondernemingsnummer 0425.134.370 Op 9 augustus 2010, om 13 uur, zal plaatsvinden een bijzondere algemene vergadering van de vennootschap NV Fal-Achel. Deze zal plaatsvinden op het volgend adres : Oude Pa ...