DEMULCO
ActiveThe computed 12-month bankruptcy probability of DEMULCO is 2.1% (moderate). The 2025 annual accounts show equity of €440k and a net result of €-14k. Equity remains stable across the filed fiscal years (±2.1% per year). Its solvency ranks better than 95% of 27358 sector peers (fiscal year 2025). The company has been active since 1997 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags).
Checked score
Score 2025
70
/ 100
Healthy▲ +18 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0=
Solvency100=
Growth52=
Stability92
Bankruptcy probability, 12 months
2.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
balance sheet total too small for a liquidity verdict, and 0.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight 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 fell accordingly. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
19202122232425
2019 to 2025 · latest year -€14k
neutral · Filed after the deadline
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. 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
3 d late
2024
on the day
2023
29 d late
2022
on the day
2021
3 d early
2020
2 d early
2019
16 d early
← before the deadline
after the deadline →
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
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close13-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€440k▼ 3.0%
2024 · €454k
2019: €394k
2020: €423k
2021: €445k
2022: €460k
2023: €469k
2024: €454k
2019 → 2025
Total assets
€441k▼ 2.9%
2024 · €454k
2019: €427k
2020: €454k
2021: €472k
2022: €485k
2023: €507k
2024: €454k
2019 → 2025
Net result
€-14k▲ 10.6%
2024 · €-15k
2019: €23k
2020: €29k
2021: €22k
2022: €16k
2023: €9k
2024: €-15k
2019 → 2025
Working capital
€435k▼ 2.4%
2024 · €446k
2019: €393k
2020: €422k
2021: €443k
2022: €460k
2023: €469k
2024: €446k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€445k-€460k▲ 3.5%€469k▲ 2.0%€454k▼ 3.3%€440k▼ 3.0%
Operating result€36k-€30k▼ 16.1%€15k▼ 49.0%€-14k€-14k▼ 3.4%
Net result€22k-€16k▼ 28.6%€9k▼ 42.1%€-15k€-14k▲ 10.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €14k in 2025 against €14k in 2024; the loss grows and 2025 is the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €441k
Fixed assets
€5k▼ 36.5%
Current assets
€436k▼ 2.3%
Equity and liabilities €441k
Equity
€440k▼ 3.0%
Debt
€852▲ 132%
The debt ratio rises from 0.1% to 0.2%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€-11k▲
2024 · €-13k
Cash flow
€-11k▲
2024 · €-14k
Solvency
99.8%▼
2024 · 99.9%
Debt / equity
0.00▲
2024 · 0.00
ROE
-3.1%▲
2024 · -3.4%
ROA
-3.1%▲
2024 · -3.4%
Debt
€852▲
2024 · €367
Debt ≤ 1 year
€852▲
2024 · €367
Income taxes
€-372▼
2024 · €51
A ratio outside any meaningful range has been withheld (balance sheet total €441k, equity €440k).
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€454k€441k▼
Fixed assets21/28€8k€5k▼
Tangible fixed assets22/27€8k€5k▼
Furniture and vehicles24€8k€5k▼
Financial fixed assets28€201€201=
Current assets29/58€446k€436k▼
Amounts receivable within one year40/41€446k€436k▼
Other amounts receivable41€446k€436k▼
Equity and liabilities
Total equity and liabilities10/49€454k€441k▼
Equity10/15€454k€440k▼
Contributions10/11€19k€19k=
Reserves13€102k€102k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€685€685=
Distributable reserves133€99k€99k=
Profit (loss) carried forward14€334k€320k▼
Amounts payable17/49€367€852▲
Amounts payable within one year42/48€367€852▲
Taxes, remuneration and social security45€367€852▲
Taxes450/3€367€852▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€970€3k▲
Other operating charges640/8€3k€1k▼
Gross operating margin9900€-9k€-10k▼
Operating profit (loss)9901€-14k€-14k▼
Financial charges65/66B€2k-
Recurring financial charges65€2k-
Profit (loss) for the period before taxes9903€-15k€-14k▲
Income taxes67/77€51€-372▼
Profit (loss) for the period9904€-15k€-14k▲
Profit (loss) for the period to be appropriated9905€-15k€-14k▲
Appropriation of the result
Profit (loss) to be appropriated9906€334k€320k▼
Profit (loss) brought forward from the previous period14P€349k€334k▼
The notes to these accounts (5 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
03-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 3 days late
2025
11-04
KBO administration
UBO non-compliance
event 31-03-2025
31-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-06
Financial
Weakest financial yearnet €-15k ▼269%
Net result drops to €-15k, the lowest in the series; recovery starts the following year.
30-06
Financial
Liquidity times 90current ratio 1216.51
Current ratio from 13.54 to 1216.51; short-term debt falls from €37k to €367.
29-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 29 days late
2023
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
28-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
29-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-06
Financial
Highest result since 2019net €29k ▲23.3%
Operating result €41k, net result €29k, both a record.
15-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
28-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
15-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 135 days late
15-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 500 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
Location & real-estate footprint
Registered office, Gent · 1 establishment unit since 1997
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.
Slotendries 109041 GentGround area
931 m²
Building footprint
183 m²
Volume, LiDAR
1,036 m³
Parcel 44051D0887/00T002, Flanders · tallest building 10.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
DEMULCO BVBA
since 19972.084.028.964
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44051D0887/00T002 | Flanders | 931 m² | 1 · 183 m² | 10.0 m · 2 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
NEVEN
BE 0544.849.196
Riemst · Eq €440k
TIM DE BOECK
BE 0811.168.141
Puurs-Sint-Amands · Eq €441k
SANI RUBRENT
BE 0859.697.439
Oudenaarde · Eq €441k
WILLY VAN LAUTEM
BE 0434.768.648
Wemmel · Eq €439k
VAN LOOVEREN JOERI
BE 0696.787.919
Brecht · Eq €438k
Of 6,989 companies in sector 43221 we hold annual accounts for 3,444. 2,413 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded08-10-1997
Fiscal year end30-06
Activities, NACEBEL
43221Plumbing work
45332
Sources
Crossroads Bank for EnterprisesNational Bank · 28 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.