Demute
ActiveDemute has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €245k and a net result of €-56k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 50% of 2672 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
68
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability5▼-95
Solvency72▼-24
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €16k at 30 days acceptable
Liquidity ample (current ratio 7.02 against 3.9 in 2024; short-term debt: 11.5% and cash: 53.1% of total assets), but 53.5% 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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Sector 62
lower
← 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
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 06-07-2026, 25 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
25 d early
2024
76 d early
2023
86 d late
2022
32 d late
2021
31 d late
2020
5 d early
2019
25 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
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€245k▼ 18.7%
2024 · €302k
2018: €33k
2019: €9k
2020: €2k
2021: €62k
2022: €155k
2023: €215k
2024: €302k
2018 → 2025
Total assets
€527k▲ 23.4%
2024 · €427k
2018: €187k
2019: €188k
2020: €151k
2021: €172k
2022: €371k
2023: €340k
2024: €427k
2018 → 2025
Net result
€-56k
2024 · €123k
2018: €35k
2019: €-24k
2020: €-6k
2021: €59k
2022: €101k
2023: €54k
2024: €123k
2018 → 2025
Working capital
€366k▲ 25.7%
2024 · €292k
2018: €115k
2019: €67k
2020: €28k
2021: €72k
2022: €208k
2023: €217k
2024: €292k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€62k-€155k▲ 151%€215k▲ 39.0%€302k▲ 40.1%€245k▼ 18.7%
Operating result€81k-€139k▲ 72.4%€79k▼ 43.2%€171k▲ 117%€-51k
Net result€59k-€101k▲ 69.8%€54k▼ 46.6%€123k▲ 128%€-56k
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €51k after €171k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €527k
Fixed assets
€100k▲ 186%
Current assets
€427k▲ 8.9%
Equity and liabilities €527k
Equity
€245k▼ 18.7%
Debt
€282k▲ 125%
The debt ratio rises from 29.4% to 53.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-39k▼
2024 · €184k
Cash flow
€-44k▼
2024 · €136k
Solvency
46.5%▼
2024 · 70.6%
Current ratio
7.02▲
2024 · 3.90
Quick ratio
7.02▲
2024 · 3.90
Debt / equity
1.15▲
2024 · 0.42
ROE
-23.0%▼
2024 · 40.8%
ROA
-10.7%▼
2024 · 28.8%
Interest coverage
-4.28▼
2024 · 31.12
Debt
€282k▲
2024 · €126k
Debt ≤ 1 year
€61k▼
2024 · €101k
Debt > 1 year
€196k
Income taxes
€208▼
2024 · €47k
Staff costs
€350k▲
2024 · €347k
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€427k€527k▲
Fixed assets21/28€35k€100k▲
Intangible fixed assets21€2k€1k▼
Tangible fixed assets22/27€28k€34k▲
Plant, machinery and equipment23€3k€2k▼
Furniture and vehicles24€9k€17k▲
Other tangible fixed assets26€16k€15k▼
Financial fixed assets28€4k€65k▲
Current assets29/58€392k€427k▲
Amounts receivable within one year40/41€92k€64k▼
Trade receivables40€77k€60k▼
Other amounts receivable41€15k€5k▼
Current investments50/53€100k€70k▼
Cash at bank and in hand54/58€183k€280k▲
Deferred charges and accrued income490/1€17k€13k▼
Equity and liabilities
Total equity and liabilities10/49€427k€527k▲
Equity10/15€302k€245k▼
Contributions10/11€19k€19k=
Reserves13€62k€62k=
Distributable reserves133€62k€62k=
Profit (loss) carried forward14€221k€165k▼
Amounts payable17/49€126k€282k▲
Amounts payable after more than one year17-€196k
Financial debts170/4-€196k
Amounts payable within one year42/48€101k€61k▼
Current portion of amounts payable after more than one year42-€4k
Financial debts43€2k€2k▼
Other loans439€2k€2k▼
Trade debts44€12k€17k▲
Suppliers440/4€12k€17k▲
Taxes, remuneration and social security45€54k€38k▼
Taxes450/3€16k€607▼
Remuneration and social security454/9€38k€37k▼
Other amounts payable47/48€32k€438▼
Accrued charges and deferred income492/3€25k€25k=
Income statement
Code20242025
Remuneration, social security and pensions62€347k€350k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13k€12k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€10k€17k▲
Other operating charges640/8€24k€581▼
Non-recurring operating charges66A€302€0▼
Gross operating margin9900€565k€328k▼
Operating profit (loss)9901€171k€-51k▼
Financial income75/76B€5k€4k▼
Recurring financial income75€5k€4k▼
Financial charges65/66B€6k€9k▲
Recurring financial charges65€6k€9k▲
Profit (loss) for the period before taxes9903€170k€-56k▼
Income taxes67/77€47k€208▼
Profit (loss) for the period9904€123k€-56k▼
Profit (loss) for the period to be appropriated9905€123k€-56k▼
Appropriation of the result
Profit (loss) to be appropriated9906€318k€165k▼
Profit (loss) brought forward from the previous period14P€195k€221k▲
Transfer to equity691/2€60k€0▼
To other reserves6921€60k€0▼
Profit to be distributed694/7€37k€0▼
Return on contributions (dividend)694€833€0▼
Employees696€36k€0▼
Social balance
Average headcount (FTE)9087-6.5
The notes to these accounts (19 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
06-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet €-56k ▼146%
Net result drops to €-56k, the lowest in the series.
16-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €123k ▲128%
Operating result €171k, net result €123k, both a record.
25-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 86 days late
2023
31-12
Financial
Equity above €200kEq €215k ▲39%
3 profitable years in a row build equity to €215k.
01-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 32 days late
2022
31-12
Financial
Equity above €150kEq €155k ▲151%
2 profitable years in a row build equity to €155k.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Back to profitnet €59k
Net result €59k after 2 loss-making years.
26-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
25-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 25 days late
2019
21-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 21 days late
2018
10-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
24-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 24 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Koekelberg · 1 establishment unit since 2014
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.
Jetsesteenweg 1191081 KoekelbergGround area
131 m²
Building footprint
53 m²
Volume, LiDAR
876 m³
Parcel 21492B0380/00E000, Brussels · tallest building 19.3 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
Demute
since 20142.225.817.923
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21492B0380/00E000 | Brussels | 131 m² | 1 · 53 m² | 19.3 m · 6 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.
Public money · subsidies and aid
Wallonia-Brussels Federation
2024 · 1 entry · 13,400 EUR in total| Year | Entries | paid |
|---|---|---|
| 2024 | 1 | 13,400 EUR |
Budget allocations
Numérisation Culture Médias
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Of 16,869 companies in sector 62100 we hold annual accounts for 8,779. 6,400 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded14-01-2014
Fiscal year end31-12
Activities, NACEBEL
62010Computer programming, consultancy and related activities
62100Computer programming
59202Motion picture, video and television programme production, sound recording and music publishing activities
59203Motion picture, video and television programme production, sound recording and music publishing activities
82990Other business support services
90393Specialised image, lighting and sound technical services
Sources
Crossroads Bank for EnterprisesNational Bank · 12 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryWebsite:www.demute.studio