Financials
- Financial year
- 2025
- Total assets
- €441,066
- Loss
- -€13,781
- Solvency
- 99.8%
Total assets▼ 2.9%
Net result
20192025
DEMULCO
ActiveSummary
DEMULCO has been active since 1997 and the Belgian Official Gazette contains no insolvency signals. The KBO does carry 1 administrative register entry (see administrative flags). The 2025 annual accounts show equity of €440,215 and a net result of -€13,781. Equity remains stable across the filed financial years (±2.1% per year). Its solvency ranks better than 95% of 34,789 sector peers (NACE 43, financial year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Overview
Activity
Plumbing work
NACE 43221
1 site
Size
€441,066total assets 2025
- Equity
- €440,215
- Loss
- -€13,781
Turnover not published (micro format)
Structure
2025 accounts filed 3 days late
Why 68raises riskLiquidity: current ratio 511.77Sector: Specialised construction activities (NACE 43)Ex-officio strike-off in the KBOlowers riskFounded in 1997Show the evidence
Checked score
Score 2025
68
/ 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially better than 59% of its sector peers (NACE 43, micro)
Financial strength · tick = 2024
Strong
Solvency
100=
equity 99.8% of total assets
Liquidity
100=
short-term debt 0.2%
Profitability
30+15
return on assets -3.1%
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 0.6%
12-2024: 0.6%● unchanged vs 11-2024
01-2025: 0.8%▲ +0.2 percentage points vs 12-2024
02-2025: 1.1%▲ +0.3 percentage points vs 01-2025
03-2025: 0.5%▼ -0.6 percentage points vs 02-2025lowest value
04-2025: 0.5%● unchanged vs 03-2025lowest value
05-2025: 1.0%▲ +0.5 percentage points vs 04-2025
06-2025: 1.0%● unchanged vs 05-2025
07-2025: 1.0%● unchanged vs 06-2025
08-2025: 1.0%● unchanged vs 07-2025
09-2025: 1.0%● unchanged vs 08-2025
10-2025: 1.0%● unchanged vs 09-2025
11-2025: 1.0%● unchanged vs 10-2025
12-2025: 1.0%● unchanged vs 11-2025
01-2026: 1.3%▲ +0.3 percentage points vs 12-2025
02-2026: 2.0%▲ +0.7 percentage points vs 01-2026highest value
03-2026: 0.9%▼ -1.1 percentage points vs 02-2026
04-2026: 0.9%● unchanged vs 03-2026
05-2026: 0.9%● unchanged vs 04-2026
06-2026: 0.9%● unchanged vs 05-2026
07-2026: 0.9%● unchanged vs 06-2026
08-2026: 0.9%● unchanged vs 07-2026
09-2026: 0.9%● unchanged vs 08-2026
10-2026: 1.0%▲ +0.1 percentage points vs 09-2026
Credit of up to €25,000 on 30-day terms is acceptable
short-term debt: 0.2% of total assets, and 0.2% of the assets are financed with debt and provisions.
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 43, micro): better than 90% on solvency, 98% on liquidity, 16% on profitability and 30% on growth.
The bankruptcy probability was computed on 28-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
Seven signals.
lowers riskraises risk
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
19202122232425
2019 to 2025 · latest year -€13,781
raises risk · 2025 accounts filed 3 days late
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 03-02-2026, 3 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
3 days late
2024
on the day
2023
29 days late
2022
on the day
2021
3 days early
2020
2 days early
2019
16 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 2 days after the deadline; the sector median (NACE 43) for financial year 2024 is 1 day before the deadline, and 43% of those companies filed late.
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
UBO non-compliance
Searched, nothing found (1)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 31 January (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsWhere today falls in the filing period
30-06-2026 year end29-10-2026 today31-01-2027 deadline
- Annual accounts filedfinancial year 2025 · micro…
- UBO non-complianceevent 31-03-2025
- Annual accounts filedfinancial year 2024 · micro…
Key points
By topic
Timeline
- Events
- 32
- Since
- 1999
- Next accounts
- by 31-01-2027
- 30-06-2024Weakest financial year
- 30-06-2024Liquidity more than 89 times
- 29-02-2024Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Private limited company (pre-2019)
- Activity
- Plumbing workNACE 43221
- Founded
- 08-10-1997
- Year ends
- 30-06
- Peppol
- Not found in the Peppol directory
Key facts about DEMULCO
- What is the company number of DEMULCO?
- 0461.620.327. In Belgium the VAT number is the company number with BE in front: BE 0461.620.327.
- Where is DEMULCO based?
- The registered office is at Slotendries 10, 9041 Gent.Company details
- What does DEMULCO do?
- According to the KBO register, the main activity is plumbing work (NACE 43221).
- What is the legal form of DEMULCO?
- Private limited company (pre-2019) (BVBA).
- When was DEMULCO founded?
- On 08-10-1997.
- Is DEMULCO still active?
- Yes, DEMULCO is an active enterprise in the KBO register.
- What is the turnover of DEMULCO?
- Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.Financials
- Is DEMULCO profitable?
- In financial year 2025, DEMULCO made a loss of €13,781.
- Where can I find the annual accounts of DEMULCO?
- DEMULCO filed 28 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of DEMULCO due?
- By 31-01-2027, for financial year 2026.Timeline
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