Demula
Demula has been active since 1984 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.35M and a net result of €1.21M. Equity remains stable across the filed fiscal years (±0.8% per year). Its solvency ranks better than 26% of 4735 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
| Equity | €1.35M |
| Net result | €1.21M |
| Staff (FTE) | 19 |
| Better than sector | 26% |
Strong profile, led by stability.
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 | 23.8% | 45.7% | |
| Net result | €1.21M | €116k | |
| Equity | €1.35M | €1.64M | |
| Staff costs | €1.95M | €781k | |
| Employees (FTE) | 19.0 | 10.9 |
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Deposit | full schema | full schema | full schema | full schema |
| Revenue | €17.95M | €18.55M | €19.58M | €18.50M |
| EBITDA | €1.86M | €1.94M | €2.31M | €1.52M |
| Net profit | €1.21M | €1.24M | €1.53M | €999k |
| Cash flow | €1.33M | €1.36M | €1.63M | €1.09M |
| Staff costs | €1.95M | €2.00M | €1.85M | €1.79M |
| Income taxes | €427k | €440k | €538k | €364k |
| Dividends | €2.00M | €1.10M | €1.23M | €900k |
| Total assets | €5.67M | €5.91M | €5.99M | €6.33M |
| Equity | €1.35M | €2.13M | €1.99M | €1.69M |
| Debt | €4.32M | €3.78M | €4.01M | €4.64M |
| of which ≤ 1y | €3.91M | €3.39M | €3.66M | €4.31M |
| of which > 1y | €407k | €383k | €344k | €331k |
| Working capital | €66k | €825k | €668k | €330k |
| Employees (FTE) | 19.0 | 18.1 | 21.7 | 20.9 |
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Current ratio | 1.02 | 1.24 | 1.18 | 1.08 |
| Quick ratio | 0.88 | 1.05 | 1.00 | 0.93 |
| Working capital ratio | 1.2% | 14.0% | 11.1% | 5.2% |
| Solvency | 23.8% | 36.1% | 33.2% | 26.7% |
| Debt / equity | 3.21 | 1.77 | 2.01 | 2.74 |
| Long-term debt ratio | 0.30 | 0.18 | 0.17 | 0.20 |
| Interest coverage | 63.92 | 32.96 | 36.51 | 64.20 |
| Gross margin | 30.2% | 29.9% | 28.4% | 25.5% |
| Net margin | 6.8% | 6.7% | 7.8% | 5.4% |
| ROA | 21.4% | 21.0% | 25.5% | 15.8% |
| ROE | 90.2% | 58.3% | 76.9% | 59.1% |
| EBITDA margin | 10.4% | 10.4% | 11.8% | 8.2% |
| Days sales outstanding | 52d | 58d | 55d | 60d |
| Days payable outstanding | 41d | 40d | 35d | 43d |
| Inventory turnover | 24.13 | 19.87 | 20.75 | 21.34 |
| Days inventory (DSI) | 15d | 18d | 18d | 17d |
Full annual accounts (25 line items)
| Line item | Code | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet, Assets | |||||
| TOTAL ASSETS | 20/58 | €5.67M | €5.91M | €5.99M | €6.33M |
| Fixed assets | 21/28 | €1.69M | €1.69M | €1.67M | €1.69M |
| Tangible fixed assets | 22/27 | €1.69M | €1.69M | €1.67M | €1.69M |
| Financial fixed assets | 28 | €359 | €359 | €359 | €359 |
| Current assets | 29/58 | €3.98M | €4.22M | €4.33M | €4.64M |
| Stocks & contracts in progress | 3 | €519k | €654k | €675k | €646k |
| Amounts receivable within one year | 40/41 | €2.57M | €2.98M | €2.96M | €3.04M |
| Cash & bank | 54/58 | €832k | €557k | €690k | €922k |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €5.67M | €5.91M | €5.99M | €6.33M |
| Equity | 10/15 | €1.35M | €2.13M | €1.99M | €1.69M |
| Contributions / capital | 10/11 | €70k | €70k | €70k | €70k |
| Reserves | 13 | €50k | €50k | €50k | €50k |
| Accumulated profits (losses) | 14 | €1.23M | €2.01M | €1.87M | €1.57M |
| Amounts payable | 17/49 | €4.32M | €3.78M | €4.01M | €4.64M |
| Amounts payable after one year | 17 | €407k | €383k | €344k | €331k |
| Amounts payable within one year | 42/48 | €3.91M | €3.39M | €3.66M | €4.31M |
| Trade debts payable within one year | 44 | €1.42M | €1.42M | €1.33M | €1.64M |
| Income statement | |||||
| Turnover | 70 | €17.95M | €18.55M | €19.58M | €18.50M |
| Operating result | 9901 | €1.75M | €1.82M | €2.21M | €1.43M |
| Financial income | 75 | €11k | €10k | €28k | €39k |
| Financial charges | 65 | €118k | €150k | €169k | €104k |
| Result before taxes | 9903 | €1.64M | €1.68M | €2.07M | €1.36M |
| Income taxes | 67/77 | €427k | €440k | €538k | €364k |
| Net result for the period | 9904 | €1.21M | €1.24M | €1.53M | €999k |
| Result to be appropriated | 9905 | €1.21M | €1.24M | €1.53M | €999k |
-
Arnold van WettenManaging directorState Gazette act 22115074 (27-09-2022)Current27-09-2022 → present
Former directors (1)
-
Antonius LeijtenManaging directorState Gazette act 22115074 (27-09-2022)Former- → 27-09-2022
| NACE primary | Wholesale of industrial chemicals(46851) |
| Legal form | Public limited company(014) |
| Incorporation | 17-05-1984 |
| Status | Active |
| Postal code | 9270 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42010B1082/00D000 | Flanders | 5,544 m² | 1 · 3,032 m² | 7.6 m · 2 fl. |
We know of 10 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
27-09-2022 1 director appointed, 1 resigning
- Arnold van Wetten, Gedelegeerd bestuurder
- Antonius Leijten, Gedelegeerd bestuurder
Technical details
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}| Legal nameNL | Demula |