Demonstrate
Demonstrate has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-3.24M) and a net result of €678k. Equity is shrinking by ~6.3% per year across the filed fiscal years. Its solvency ranks better than 6% of 2591 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
| Equity | €-3.24M |
| Net result | €678k |
| Staff (FTE) | 20.3 |
| Better than sector | 6% |
Fragile profile, watch profitability in particular.
All 5 axes are computed from data Checked has read.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | -127.2% | 46.0% | |
| Net result | €678k | €24k | |
| Equity | €-3.24M | €141k | |
| Gross operating margin | €2.25M | €90k | |
| Staff costs | €1.41M | €282k |
Figures by fiscal year and ratios
| Fiscal year | 2025 Δ | 2024 Δ | 2023 Δ | 2022 Δ |
|---|---|---|---|---|
| Deposit | abbreviated schema | abbreviated schema | abbreviated schema | full schema |
| Revenue | - | - | - | - |
| EBITDA | -18.1% | - | - | - |
| Net profit | -15.4% | - | - | - |
| Cash flow | -14.1% | - | - | - |
| Staff costs | +59.9% | -27.0% | +93.6% | - |
| Income taxes | -18.0% | - | - | - |
| Dividends | - | - | - | - |
| Total assets | +51.2% | -21.7% | -79.9% | - |
| Equity | +17.3% | +17.0% | - | - |
| Debt | +3.3% | -18.5% | -34.9% | - |
| of which ≤ 1y | -24.2% | -10.8% | -40.9% | - |
| of which > 1y | +271.0% | -38.3% | -33.3% | - |
| Working capital | +71.1% | +1.8% | - | - |
| Employees (FTE) | +32.7% | -27.8% | +198.6% | - |
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Current ratio | 0.77 | 0.39 | 0.45 | 1.33 |
| Quick ratio | 0.77 | 0.39 | 0.45 | 1.33 |
| Working capital ratio | -29.2% | -152.9% | -122.0% | 24.9% |
| Solvency | -127.2% | -232.5% | -219.4% | 1.5% |
| Debt / equity | -1.79 | -1.43 | -1.46 | 66.96 |
| Long-term debt ratio | -0.64 | -0.14 | -0.19 | 8.67 |
| Interest coverage | 6.50 | 5.32 | -21.44 | 3.61 |
| Gross margin | - | - | - | 36.8% |
| Net margin | - | - | - | 5.6% |
| ROA | 26.6% | 47.6% | -226.8% | 4.0% |
| ROE | -20.9% | -20.5% | 103.3% | 273.2% |
| EBITDA margin | - | - | - | 7.1% |
| Days sales outstanding | - | - | - | 46d |
| Days payable outstanding | - | - | - | 25d |
| Inventory turnover | - | - | - | - |
| Days inventory (DSI) | - | - | - | 0d |
Full annual accounts (26 line items)
| Line item | Code | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet, Assets | |||||
| TOTAL ASSETS | 20/58 | €2.55M | €1.68M | €2.15M | €10.71M |
| Fixed assets | 21/28 | €83k | €26k | €27k | €21k |
| Tangible fixed assets | 22/27 | €52k | €5k | €5k | €30 |
| Financial fixed assets | 28 | €31k | €21k | €21k | €21k |
| Current assets | 29/58 | €2.46M | €1.66M | €2.12M | €10.69M |
| Stocks & contracts in progress | 3 | - | - | - | €0 |
| Amounts receivable within one year | 40/41 | €2.34M | €1.65M | €2.09M | €10.56M |
| Cash & bank | 54/58 | €105k | €24 | - | €128k |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €2.55M | €1.68M | €2.15M | €10.71M |
| Equity | 10/15 | €-3.24M | €-3.92M | €-4.72M | €158k |
| Contributions / capital | 10/11 | €19k | €19k | €19k | €19k |
| Reserves | 13 | €2k | €2k | €2k | €2k |
| Accumulated profits (losses) | 14 | €-3.26M | €-3.94M | €-4.74M | €137k |
| Amounts payable | 17/49 | €5.78M | €5.60M | €6.87M | €10.55M |
| Amounts payable after one year | 17 | €2.08M | €561k | €911k | €1.37M |
| Amounts payable within one year | 42/48 | €3.21M | €4.23M | €4.75M | €8.03M |
| Trade debts payable within one year | 44 | €2.16M | €1.79M | €1.11M | €328k |
| Income statement | |||||
| Turnover | 70 | - | - | - | €7.68M |
| Gross operating margin | 9900 | €2.25M | €1.95M | €3.48M | - |
| Operating result | 9901 | €799k | €989k | €-4.66M | €545k |
| Financial income | 75 | €5k | - | €6k | €50k |
| Financial charges | 65 | €125k | €187k | €217k | €163k |
| Result before taxes | 9903 | €679k | €802k | €-4.88M | €433k |
| Income taxes | 67/77 | €444 | €542 | - | €2k |
| Net result for the period | 9904 | €678k | €802k | €-4.88M | €431k |
| Result to be appropriated | 9905 | €678k | €802k | €-4.88M | €431k |
-
Isabeau DufourDirectorState Gazette act 23062320 (10-05-2023)Current20-04-2023 → present
Former directors (1)
-
Inside Out Media BVLegal entityDirector· perm. rep.: Yoshi AesaertState Gazette act 23062320 (10-05-2023)Former- → 20-04-2023
| NACE primary | Other information technology and computer services(62900) |
| Legal form | Private limited company(610) |
| Incorporation | 01-08-2005 |
| Status | Active |
| Postal code | 1000 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23644I0416/00P003 | Flanders | 1.2 ha | 1 · 9,174 m² | 10.8 m · 3 fl. |
| 21814P0404/00A006 | Brussels | 1.2 ha | 1 · 1,209 m² | 29.3 m · 8 fl. |
We know of 15 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
04-04-2024 Dissolution of the company
Technical details
{
"notary": {
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},
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},
"end_event": {
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"person_name": "Michiel Verraes",
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},
"silent_merger": null,
"court_division": {
"name": "tweede kamer van de Nederlandstalige Ondernemingsrechtbank Brussel",
"language": "nl",
"tribunal_type": "entreprise"
},
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"person_name": "Jan LOOBUYCK",
"org_rep_person_name": null
},
"co_filed_documents": [],
"real_estate_transferred": [],
"shareholder_loan_settled": null,
"financials_at_dissolution": null,
"distribution_to_shareholders": null
}01-08-2023 Registered office moved within Brussel
- Havenlaan 86C bus 9B, 1000 Brussel → Picardstraat 7 box 100, 1000 Brussel
Technical details
{
"events": [
{
"kind": "zetel_transfer",
"seat_type": "siege_social",
"new_address": {
"raw": "Picardstraat 7 box 100, 1000 Brussel",
"city": "Brussel",
"region": "brussels_hoofdstedelijk_gewest",
"street": "Picardstraat",
"country": "BE",
"postcode": "1000",
"box_number": "100",
"street_number": "7",
"locality_suffix": null
},
"old_address": {
"raw": "Havenlaan 86C bus 9B, 1000 Brussel",
"city": "Brussel",
"region": "brussels_hoofdstedelijk_gewest",
"street": "Havenlaan",
"country": "BE",
"postcode": "1000",
"box_number": "9B",
"street_number": "86C",
"locality_suffix": null
},
"effective_date": null,
"evidence_quote": "De bestuurder heeft beslist om de maatschappelijke zetel van de vennootschap te verplaatsen van Havenlaan 86C bus 9B, 1000 Brussel naar Picardstraat 7 box 100, 1000 Brussel met ingang vanaf heden.",
"region_changed": false,
"is_statute_change": true,
"nationality_change": false,
"old_address_source": "act_body",
"statute_clause_text": null,
"statute_article_number": null,
"effective_date_qualifier": "immediate",
"statutaire_vs_werkelijke": "statutaire",
"linguistic_region_changed": false,
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}
],
"notary": {
"name": null,
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"office_city": "Brussel",
"is_associated": false
},
"act_meta": {
"language": "nl",
"pub_date": "2023-08-01",
"filing_date": "2023-07-24",
"act_kind_objet": "Onderwerp akte:"
},
"decision": {
"body": "bijzondere_algemene_vergadering",
"date": "2023-06-13",
"unanimous": null
},
"subject_company": {
"kbo": "0875.357.197",
"name_full": null,
"legal_form": "BV"
},
"publication_proxy": {
"kind": "person",
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"person_name": "Dufour isabeau",
"org_rep_person_name": null,
"person_role_at_subject": "bestuurder"
},
"co_filed_documents": []
}10-05-2023 1 director appointed, 1 resigning
- Isabeau Dufour, Bestuurder
- Yoshi Aesaert, Bestuurder
Technical details
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"events": [
{
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"via_org": {
"kbo": "0737.334.909",
"name": "Inside Out Media BV",
"address": "Sassevaartstraat 46 bus 101, 9000 Gent",
"country": "BE",
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},
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{
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},
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}
],
"notary": {
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},
"act_meta": {
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"filing_date": "2023-05-02",
"act_kind_objet": "Onderwerp akte:"
},
"decisions": [
{
"body": "enig_aandeelhouder_schriftelijk",
"date": "2023-04-20",
"unanimous": true
}
],
"is_correction": false,
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}| Legal nameNL | Demonstrate |