Equity
€265,940 ▲ 16.9%
Demolar paid out €12,500 in dividends. That is 24% of the 2025 profit.
Demolar
Lifetime
6 annual accounts with figures on one time axispeak €117,752 (2023)
€89,561▲ 9.8%
peak €88,386 (2023)
€51,028▼ 3.4%
peak €265,940 (2025)
€265,940▲ 16.9%
€112,000▼ 9.6%
Board1 name since 2019
1 directorVANGHELUWE VIRGINIE
Owners
50.02%Salmanazar
Documentsfilings and deeds
08-06-202653 days before the deadline
2025abbreviated format
Dividend €12,500Equity from €227,412 to €265,940Investments €8,830
Key points
from the 2025 annual accountsInvestments
€8,830 2.9 × depreciation
Green is investment, beige is depreciation.
Filings
6 annual accounts since 2020
The last five annual accounts were filed 31 to 53 days before the end of the period.
Checked score
90
Excellent
Financially stronger than 46% of micro companies in architecture and engineering (NACE 71)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 14,830 companies (NACE 71, micro).
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025lowest value
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.2%▲ +0.1 percentage points vs 06-2025
08-2025: 0.2%● unchanged vs 07-2025
09-2025: 0.2%● unchanged vs 08-2025
10-2025: 0.2%● unchanged vs 09-2025
11-2025: 0.2%● unchanged vs 10-2025
12-2025: 0.2%● unchanged vs 11-2025
01-2026: 0.2%● unchanged vs 12-2025
02-2026: 0.2%● unchanged vs 01-2026
03-2026: 0.2%● unchanged vs 02-2026
04-2026: 0.2%● unchanged vs 03-2026
05-2026: 0.2%● unchanged vs 04-2026
06-2026: 0.2%● unchanged vs 05-2026highest value
07-2026: 0.1%▼ -0.1 percentage points vs 06-2026
08-2026: 0.1%● unchanged vs 07-2026
09-2026: 0.1%● unchanged vs 08-2026
10-2026: 0.1%● unchanged vs 09-2026
11-2026: 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Liquidity: current ratio 3.64, cash €8,590
Founded in 2019
lowers risk
Sector: Architectural and engineering activities; technical testing and analysis (NACE 71)
Size: total assets €377,940
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 71, micro). It does better than 69% of them on solvency, 24% on liquidity, 28% on profitability and 64% on growth.
The bankruptcy probability was computed on 07-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 26,972 companies had the same profile as Demolar has now. Each dot stands for 68 companies, two years later.
94.9%
were still trading
3.4%
stopped another way
1.6%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of Demolar itself is lower: 0.1% within 12 months. It rests on far more data about Demolar than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 26,972 companies, not a prediction for Demolar. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €23,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 3.64 (3.09 in 2024), above the usual 1.5. Short-term debt is 22.6% and cash 2.3% of total assets. 29.6% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 08-06-2026, 53 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
53 days early
2024
51 days early
2023
49 days early
2022
31 days early
2021
33 days early
2020
15 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 6 accounts on average 39 days before the deadline. In the sector (NACE 71), the median for financial year 2024 was 8 days before the deadline, and 34% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 13 June (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
07-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
VV
VANGHELUWE VIRGINIE
Director, since 22-08-2019
- Salmanazar 50.02%score 85equity €522,382 (2025) · 2025 annual accounts of Salmanazar
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0732795210
Founding capital · Board rule
Gazette deed
Other provision · Declaration
Gazette deed
Incorporation
published on 26-08-2019 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Demolar Zwevegem | €377,940 | €89,561 | 70.4% | - |
| X-ECO plus Mol | €366,599 | €96,890 | 0.5% | - |
| ETEC ENGINEERING Lokeren | €397,115 | €98,139 | 30.7% | - |
| TECROSLA 5D Machelen (Brab.) | €361,619 | €96,314 | 74.7% | - |
| BIMit Tournai | €368,854 | €102,411 | 64.5% | - |
| High Performance Solutions Antwerp | €375,659 | €89,343 | 90.9% | - |
| Uncia Halle | €324,986 | €85,310 | 64.0% | - |
These companies have the same main activity as Demolar: engineering and related technical consultancy, excluding land surveyors (NACE 71121). They are comparable in size and age: total assets between €325,000 and €397,000, founded between 2018 and 2020.
Official details
Source: KBO- Status
- Active since 22-08-2019Normal situation
- Activity
- Engineering and related technical consultancy, excluding land surveyorsNACE 71121and 2 others
- Establishment unit
- 2.292.859.5718552 Zwevegem, since 22-08-2019
- Financial year end
- 31 December
- Peppol
- Reachable since 27-11-2025
Annual accounts 2025
- ≈ €190,000estimated
- €377,940▲ 7.6%
- Filing
- Filed on 08-06-2026, 53 days before the end of the filing period
Insights on Demolar
Demolar files the abbreviated format. That format states no turnover. The gross margin rose from €29,591 in 2020 to €89,561 in 2025.
Salmanazar holds 50.02% of the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Demolar
- What is the company number of Demolar?
- The company number of Demolar is 0732.795.210. The VAT number is the same number with BE in front: BE 0732.795.210.
- Where is Demolar based?
- The registered office is at Comminnestraat 12, 8552 Zwevegem.Company details
- What does Demolar do?
- According to the KBO register, the main activity is engineering and related technical consultancy, excluding land surveyors (NACE 71121).
- What is the legal form of Demolar?
- Demolar is a private limited company (BV).
- When was Demolar founded?
- Demolar was founded on 22-08-2019.
- Is Demolar still active?
- Yes, Demolar is an active enterprise in the KBO register.
- What is the turnover of Demolar?
- The turnover in financial year 2025 is ≈ €190,000. This figure is estimated from the gross margin of €89,561 and 62 comparable companies (NACE 711). It probably lies between €150,000 and €290,000.Financials
- Is Demolar profitable?
- In financial year 2025, Demolar made a profit of €51,028.
- Where can I find the annual accounts of Demolar?
- Demolar filed 6 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Demolar due?
- Demolar must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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