DEMTEC SERVICES
InactiveInactive; last annual accounts for fiscal year 2023.
Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline27-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 04-07-2024, 27 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
27 d early
2022
4 d late
2021
38 d early
2020
36 d early
2019
64 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 5 accounts on average 32 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 (1)
Financials · fiscal year 2023, full schema
Turnover
€7.3m▲ 10.6%
2022 · €6.6m
EBIT margin
0.9%▲ 0.8pp
2022 · 0.1%
Net result
€295,962▲ 4,277%
2022 · €6,762
Working capital
€5.4m▲ 29.0%
2022 · €4.2m
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
Line20192020202120222023
Turnover€13.0m▲ 8.9%€6.5m▼ 50.4%€5.7m▼ 12.2%€6.6m▲ 16.8%€7.3m▲ 10.6%
Operating result-€1.4m▼ 1,787%€50,498€114,598▲ 127%€6,938▼ 93.9%€67,714▲ 876%
Net result-€838,666▼ 1,025%€26,923€162,593▲ 504%€6,762▼ 95.8%€295,962▲ 4,277%
EBIT margin-10.9%▼ 10.3pp0.8%▲ 11.7pp2.0%▲ 1.2pp0.1%▼ 1.9pp0.9%▲ 0.8pp
Equity-€527,539€176,923€339,516▲ 91.9%€346,278▲ 2.0%€642,240▲ 85.5%
Total assets€4.6m▼ 6.4%€3.7m▼ 19.4%€4.8m▲ 30.9%€5.9m▲ 22.7%€7.2m▲ 21.7%
Debt€4.5m▲ 0.1%€2.9m▼ 35.2%€3.9m▲ 33.2%€5.0m▲ 27.8%€6.6m▲ 31.2%
Working capital€1.1m▼ 3.7%€2.4m▲ 119%€3.2m▲ 35.5%€4.2m▲ 29.7%€5.4m▲ 29.0%
Staff (FTE)65.5▼ 6.4%32.6▼ 50.2%36.2▲ 11.0%40.1▲ 10.8%43.5▲ 8.5%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2023; 2023 is 876% above 2022.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €7.2m
Fixed assets
€124,040 ▲ 30.8%
Current assets
€7.1m ▲ 21.6%
Equity and liabilities €7.2m
Equity
€642,240 ▲ 85.5%
Provisions
€0 ▼ 100%
Debt
€6.6m ▲ 31.2%
Debt's share of the balance-sheet total rises from 84.5% to 91.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€126,142▲
2022 · €86,285
Cash flow
€354,389▲
2022 · €86,109
Current ratio
4.21▲
2022 · 3.55
Quick ratio
3.98▲
2022 · 3.23
Debt to equity
10.22▼
2022 · 14.46
ROE
46.1%▲
2022 · 2.0%
ROA
4.1%▲
2022 · 0.1%
Interest coverage
27.85▼
2022 · 93.56
Debt ≤ 1 year
€1.7m▲
2022 · €1.6m
Debt > 1 year
€4.9m▲
2022 · €3.3m
Income taxes
€42,157▲
2022 · €2,482
Staff costs
€3.4m▲
2022 · €2.7m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | €6.1m | €7.4m | €7.7m | ▲ 3.8% |
| Turnover70 | €13.0m | €6.5m | €5.7m | €6.6m | €7.3m | ▲ 10.6% |
| Change in stocks of work in progress, finished goods and contracts in progress71 | - | - | €24,603 | €377,137 | -€156,752 | ▼ 142% |
| Own construction capitalised72 | - | - | €12,403 | - | - | - |
| Other operating income74 | - | - | €379,781 | €389,463 | €466,077 | ▲ 19.7% |
| Non-recurring operating income76A | - | - | €6,268 | €14,156 | €46,206 | ▲ 226% |
| Operating charges60/66A | - | - | €6.0m | €7.4m | €7.6m | ▲ 2.9% |
| Goods for resale, raw materials and consumables60 | - | - | €2.3m | €2.8m | €3.0m | ▲ 6.6% |
| Purchases600/8 | - | - | €2.3m | €2.8m | €3.0m | ▲ 6.8% |
| Change in stocks: decrease (increase)609 | - | - | - | €3,043 | -€3,008 | ▼ 199% |
| Services and other goods61 | - | - | €1.4m | €1.7m | €1.7m | ▼ 1.5% |
| Remuneration, social security and pensions62 | - | - | €2.2m | €2.7m | €3.4m | ▲ 22.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €81,334 | €104,462 | €97,626 | €79,347 | €58,427 | ▼ 26.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €5,675 | €29,404 | ▲ 418% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | - | -€570,000 | - |
| Other operating charges640/8 | - | - | €33,362 | €32,186 | €37,693 | ▲ 17.1% |
| Non-recurring operating charges66A | - | - | €2,502 | - | - | - |
| Operating profit (loss)9901 | -€1.4m | €50,498 | €114,598 | €6,938 | €67,714 | ▲ 876% |
| Financial income75/76B | - | - | €58,398 | €22,775 | €283,488 | ▲ 1,145% |
| Recurring financial income75 | €10,478 | €4,112 | €58,398 | €22,775 | €283,488 | ▲ 1,145% |
| Income from financial fixed assets750 | - | - | €9,760 | €21,037 | - | - |
| Income from current assets751 | - | - | - | - | €275,982 | - |
| Other financial income752/9 | - | - | €48,638 | €1,738 | €7,506 | ▲ 332% |
| Financial charges65/66B | - | - | €8,586 | €20,469 | €13,083 | ▼ 36.1% |
| Recurring financial charges65 | €19,177 | €26,333 | €8,586 | €20,469 | €13,083 | ▼ 36.1% |
| Debt charges650 | €13,478 | €10,594 | €1,993 | €922 | €4,530 | ▲ 391% |
| Other financial charges652/9 | - | - | €6,593 | €19,546 | €8,553 | ▼ 56.2% |
| Profit (loss) for the period before taxes9903 | -€836,548 | €28,277 | €164,410 | €9,245 | €338,119 | ▲ 3,557% |
| Income taxes67/77 | €2,118 | €1,354 | €1,817 | €2,482 | €42,157 | ▲ 1,598% |
| Taxes670/3 | - | - | €1,817 | €2,484 | €42,157 | ▲ 1,597% |
| Tax adjustments and reversals of tax provisions77 | - | - | - | €1 | - | - |
| Profit (loss) for the period9904 | -€838,666 | €26,923 | €162,593 | €6,762 | €295,962 | ▲ 4,277% |
| Profit (loss) for the period to be appropriated9905 | -€838,666 | €26,923 | €162,593 | €6,762 | €295,962 | ▲ 4,277% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €4.6m | €3.7m | €4.8m | €5.9m | €7.2m | ▲ 21.7% |
| Formation expenses20 | - | - | - | - | €0 | - |
| Fixed assets21/28 | €204,490 | €143,100 | €128,160 | €94,852 | €124,040 | ▲ 30.8% |
| Intangible fixed assets21 | €52,438 | €15,508 | €1,546 | €730 | €8,500 | ▲ 1,065% |
| Tangible fixed assets22/27 | €148,612 | €127,092 | €126,114 | €93,622 | €78,740 | ▼ 15.9% |
| Plant, machinery and equipment23 | - | - | €26,194 | €20,567 | €21,354 | ▲ 3.8% |
| Furniture and vehicles24 | - | - | €94,650 | €60,315 | €36,463 | ▼ 39.5% |
| Other tangible fixed assets26 | - | - | - | - | €9,684 | - |
| Assets under construction and advance payments27 | - | - | €5,270 | €12,740 | €11,240 | ▼ 11.8% |
| Financial fixed assets28 | €3,440 | €500 | €500 | €500 | €36,800 | ▲ 7,260% |
| Affiliated companies280/1 | - | - | - | - | €30,750 | - |
| Participating interests280 | - | - | - | - | €30,750 | - |
| Other financial fixed assets284/8 | - | - | €500 | €500 | €6,050 | ▲ 1,110% |
| Amounts receivable and cash guarantees285/8 | - | - | €500 | €500 | €6,050 | ▲ 1,110% |
| Current assets29/58 | €4.4m | €3.5m | €4.7m | €5.8m | €7.1m | ▲ 21.6% |
| Stocks and contracts in progress3 | €85,795 | €20,400 | €161,027 | €535,120 | €381,377 | ▼ 28.7% |
| Stocks30/36 | - | - | €59,742 | €56,699 | €59,707 | ▲ 5.3% |
| Goods purchased for resale34 | - | - | €59,742 | €56,699 | €59,707 | ▲ 5.3% |
| Contracts in progress37 | - | - | €101,284 | €478,421 | €321,669 | ▼ 32.8% |
| Amounts receivable within one year40/41 | €3.4m | €2.1m | €3.1m | €4.5m | €3.4m | ▼ 23.4% |
| Trade receivables40 | - | - | €2.1m | €2.6m | €2.0m | ▼ 22.0% |
| Other amounts receivable41 | - | - | €1.0m | €1.9m | €1.4m | ▼ 25.3% |
| Current investments50/53 | - | - | - | - | €2.5m | - |
| Other investments51/53 | - | - | - | - | €2.5m | - |
| Cash at bank and in hand54/58 | €508,398 | €1.2m | €1.2m | €577,680 | €545,734 | ▼ 5.5% |
| Deferred charges and accrued income490/1 | - | - | €213,951 | €245,559 | €234,098 | ▼ 4.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €4.6m | €3.7m | €4.8m | €5.9m | €7.2m | ▲ 21.7% |
| Equity10/15 | -€527,539 | €176,923 | €339,516 | €346,278 | €642,240 | ▲ 85.5% |
| Contributions10/11 | €100,000 | €150,000 | €150,000 | €150,000 | €150,000 | = |
| Capital10 | - | - | €150,000 | €150,000 | €150,000 | = |
| Issued capital100 | - | - | €150,000 | €150,000 | €150,000 | = |
| Reserves13 | €10,000 | €26,923 | €35,052 | €35,391 | €40,577 | ▲ 14.7% |
| Non-distributable reserves130/1 | - | - | €9,476 | €9,814 | €15,000 | ▲ 52.8% |
| Legal reserve130 | - | - | €9,476 | €9,814 | €15,000 | ▲ 52.8% |
| Distributable reserves133 | - | - | €25,577 | €25,577 | €25,577 | = |
| Profit (loss) carried forward14 | -€637,539 | €201,127 | €154,463 | €160,887 | €451,663 | ▲ 181% |
| Provisions and deferred taxes16 | €570,000 | €570,000 | €570,000 | €570,000 | - | - |
| Provisions for liabilities and charges160/5 | - | - | €570,000 | €570,000 | - | - |
| Other liabilities and charges164/5 | - | - | €570,000 | €570,000 | - | - |
| Amounts payable17/49 | €4.5m | €2.9m | €3.9m | €5.0m | €6.6m | ▲ 31.2% |
| Amounts payable after more than one year17 | €1.2m | €1.7m | €2.4m | €3.3m | €4.9m | ▲ 45.4% |
| Advances received on contracts in progress176 | - | - | €2.4m | €3.3m | €4.9m | ▲ 45.4% |
| Amounts payable within one year42/48 | €3.3m | €1.2m | €1.5m | €1.6m | €1.7m | ▲ 2.7% |
| Trade debts44 | €1.3m | €543,903 | €793,088 | €708,284 | €830,210 | ▲ 17.2% |
| Suppliers440/4 | - | - | €793,088 | €708,284 | €830,210 | ▲ 17.2% |
| Advances received on contracts in progress46 | - | - | €346,562 | €496,032 | €330,011 | ▼ 33.5% |
| Taxes, remuneration and social security45 | - | - | €328,983 | €434,916 | €523,463 | ▲ 20.4% |
| Taxes450/3 | - | - | €34,304 | €42,710 | €75,091 | ▲ 75.8% |
| Remuneration and social security454/9 | - | - | €294,679 | €392,205 | €448,372 | ▲ 14.3% |
| Accrued charges and deferred income492/3 | - | - | €12,415 | €30,126 | €29,879 | ▼ 0.8% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€838,666 | €26,923 | €162,593 | €6,762 | €295,962 | ▲ 4,277% |
| + Depreciation and write-downs630 | €81,334 | €104,462 | €97,626 | €79,347 | €58,427 | ▼ 26.4% |
| Operating cash flow (approximation) | -€757,332 | €131,385 | €260,219 | €86,109 | €354,389 | ▲ 312% |
| Investment in fixed assets (approximation) | - | -€43,072 | -€82,686 | -€46,039 | -€87,616 | ▼ 90.3% |
| Change in cash | - | €723,464 | -€7,160 | -€647,021 | -€31,946 | ▲ 95.1% |
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
2024
04-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Highest result since 2018net €295,962 ▲4,277%
Net result €295,962, the highest in the series.
31-12
Financial
Equity above €500,000Eq €642,240 ▲85.5%
4 profitable years in a row build equity to €642,240.
04-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 4 days late
2022
23-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Equity above €200,000Eq €339,516 ▲91.9%
2 profitable years in a row build equity to €339,516.
25-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Back to profitnet €26,923
Net result €26,923 after 2 loss-making years.
31-12
Financial
Liquidity doublescurrent ratio 3.05
Current ratio from 1.33 to 3.05; short-term debt falls from €3.3m to €1.2m.
31-12
Financial
Equity above €150,000Eq €176,923
Equity rises from -€527,539 to €176,923.
28-05
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Weakest financial yearnet -€838,666
Net result drops to -€838,666, the lowest in the series.
Show earlier events
08-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
02-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
26-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
09-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2015
11-08
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 11 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 16 acts read
About the unread acts
We know of 16 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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Structure & network
Owners and holdings
Owners 0
No owner stated in the accounts, acts or LEI register we read.
Stated earlier (1)
An older source named these owners; newer accounts no longer list them.
-
100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
Stated earlier (1)
An older source named these holdings; newer accounts no longer list them.
- Sourceown accounts 202350%
According to the 2023 annual accounts of DEMTEC SERVICES and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2022 to 2024 · 4 entries · 18,361 EUR awarded · 18,149 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 4,511 EUR | 4,585 EUR |
| 2023 | 1 | 5,242 EUR | 4,956 EUR |
| 2022 | 2 | 8,608 EUR | 8,608 EUR |