DEMUCON
ActiveDEMUCON has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €811k and a net result of €-106k. Equity is growing by ~21.7% per year across the filed fiscal years. Its solvency ranks better than 43% of 7692 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
44
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability12▲+2
Solvency63▼-17
Growth52=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days only on tighter terms
Liquidity short (current ratio 0.84 against 0.82 in 2024; short-term debt: 59% and cash: 3% of total assets), and 61.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← 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
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-106k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-08-2026, 10 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
10 d late
2024
26 d late
2023
29 d late
2022
23 d late
2021
78 d late
2020
31 d late
2019
59 d late
← before the deadline
after the deadline →
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
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€811k▼ 11.6%
2024 · €917k
2018: €223k
2019: €271k
2020: €300k
2021: €326k
2022: €1.16M
2023: €1.04M
2024: €917k
2018 → 2025
Total assets
€2.11M▲ 27.3%
2024 · €1.66M
2018: €839k
2019: €857k
2020: €519k
2021: €983k
2022: €1.57M
2023: €1.44M
2024: €1.66M
2018 → 2025
Net result
€-106k▲ 13.6%
2024 · €-123k
2018: €-40k
2019: €59k
2020: €83k
2021: €26k
2022: €137k
2023: €-124k
2024: €-123k
2018 → 2025
Working capital
€-194k▼ 55.7%
2024 · €-125k
2018: €-109k
2019: €-77k
2020: €-119k
2021: €-119k
2022: €56k
2023: €-27k
2024: €-125k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€326k-€1.16M▲ 257%€1.04M▼ 10.6%€917k▼ 11.8%€811k▼ 11.6%
Operating result€-13k-€135k€-105k€-96k▲ 9.1%€-59k▲ 38.1%
Net result€26k-€137k▲ 423%€-124k€-123k▲ 0.9%€-106k▲ 13.6%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €59k in 2025 against €96k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.11M
Fixed assets
€1.06M▼ 2.7%
Current assets
€1.05M▲ 84.3%
Equity and liabilities €2.11M
Equity
€811k▼ 11.6%
Debt
€1.30M▲ 75.2%
The debt ratio rises from 44.8% to 61.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-37k▲
2024 · €-73k
Cash flow
€-84k▲
2024 · €-99k
Solvency
38.4%▼
2024 · 55.2%
Current ratio
0.84▲
2024 · 0.82
Quick ratio
0.11▼
2024 · 0.14
Debt / equity
1.60▲
2024 · 0.81
ROE
-13.1%▲
2024 · -13.4%
ROA
-5.0%▲
2024 · -7.4%
Interest coverage
-0.79▲
2024 · -2.72
Debt
€1.30M▲
2024 · €743k
Debt ≤ 1 year
€1.25M▲
2024 · €696k
Income taxes
€335▼
2024 · €343
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.66M€2.11M▲
Fixed assets21/28€1.09M€1.06M▼
Tangible fixed assets22/27€813k€784k▼
Land and buildings22€780k€771k▼
Plant, machinery and equipment23€12k€2k▼
Furniture and vehicles24€22k€11k▼
Financial fixed assets28€275k€275k=
Current assets29/58€571k€1.05M▲
Stocks and contracts in progress3€476k€919k▲
Stocks30/36€476k€919k▲
Amounts receivable within one year40/41€8k€69k▲
Trade receivables40€1k€67k▲
Other amounts receivable41€6k€2k▼
Cash at bank and in hand54/58€88k€63k▼
Deferred charges and accrued income490/1-€2k
Equity and liabilities
Total equity and liabilities10/49€1.66M€2.11M▲
Equity10/15€917k€811k▼
Contributions10/11€19k€19k=
Revaluation surpluses12€700k€700k=
Reserves13€401k€401k=
Distributable reserves133€401k€401k=
Profit (loss) carried forward14€-203k€-309k▼
Amounts payable17/49€743k€1.30M▲
Amounts payable within one year42/48€696k€1.25M▲
Financial debts43€292k€848k▲
Credit institutions430/8€292k€848k▲
Trade debts44€3k€801▼
Suppliers440/4€3k€801▼
Taxes, remuneration and social security45€386€372▼
Taxes450/3€386€372▼
Other amounts payable47/48€400k€397k▼
Accrued charges and deferred income492/3€47k€54k▲
Income statement
Code20242025
Non-recurring operating income76A-€860
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€23k€22k▼
Other operating charges640/8€7k€7k▼
Gross operating margin9900€-66k€-31k▲
Operating profit (loss)9901€-96k€-59k▲
Financial income75/76B€124€959▲
Recurring financial income75€124€959▲
Financial charges65/66B€27k€47k▲
Recurring financial charges65€27k€47k▲
Profit (loss) for the period before taxes9903€-122k€-106k▲
Income taxes67/77€343€335▼
Profit (loss) for the period9904€-123k€-106k▲
Profit (loss) for the period to be appropriated9905€-123k€-106k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-203k€-309k▼
Profit (loss) brought forward from the previous period14P€-80k€-203k▼
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
10-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 10 days late
2025
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 26 days late
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 29 days late
2023
31-12
Financial
Weakest financial yearnet €-124k ▼190%
Net result drops to €-124k, the lowest in the series; recovery starts the following year.
23-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 23 days late
2022
31-12
Financial
Highest result since 2018net €137k ▲423%
Net result €137k, the highest in the series.
31-12
Financial
Equity above €1MEq €1.16M ▲257%
4 profitable years in a row build equity to €1.16M.
17-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 78 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
28-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 59 days late
2019
31-12
Financial
Back to profitnet €59k
Net result €59k after one loss-making year.
23-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
29-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 29 days late
2017
14-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 14 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Gent · 1 establishment unit since 2006
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Raapstraat 299031 GentGround area
1,518 m²
Building footprint
72 m²
Volume, LiDAR
262 m³
Parcel 44017D0567/00X002, Flanders · tallest building 4.0 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
DEMUCON
since 20062.152.157.509
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44017D0567/00X002 | Flanders | 1,517 m² | 1 · 72 m² | 4.0 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
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RGB
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ALL-CONNECTS
BE 0477.167.546
Kontich · Eq €812k
EARTH WIND & SOLAR ENERGY
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Miguel Bocquez
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Of 22,822 companies in sector 43211 we hold annual accounts for 10,324. 5,260 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded07-02-2006
Fiscal year end31-12
Activities, NACEBEL
43211General electrical installation work
45310
43222Installation of electric heating, air conditioning, cooling and ventilation
43230Insulation installation
43291Specialised construction activities
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:info@demucon.be
Phone:0495540075