DEMVA
ActiveSummary
DEMVA has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €301,537 and a net result of €49,800. Equity is growing by ~29.8% per year across the filed fiscal years. Its solvency ranks better than 63% of 3158 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability79▲+3
Solvency73▼-4
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €23,000 at 30 days acceptable
Liquidity ample (current ratio 1.83 against 1.85 in 2024; short-term debt: 24.8% and cash: 6.5% of total assets), but 51.9% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 01
Relative position
BE, all sectors
reference
Crop and animal production, hunting and related service activities (NACE 01)
about 70% fewer bankruptcies
← 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
48.1%
Return on assets
7.9%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 08-04-2026, 22 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
22 d early
2024
7 d early
2023
1 d early
2022
6 d early
2021
2 d early
2020
on the day
2019
on the day
← 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 5 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 37% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€301,537▲ 16.9%
2024 · €258,047
Total assets
€627,206▲ 26.7%
2024 · €495,181
Net result
€49,800▲ 64.9%
2024 · €30,198
Working capital
€128,624▲ 20.6%
2024 · €106,680
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€75,780▲ 275%€64,270▼ 15.2%€43,267▼ 32.7%€40,374▼ 6.7%€64,930▲ 60.8%
Net result€61,419▲ 290%€48,403▼ 21.2%€31,985▼ 33.9%€30,198▼ 5.6%€49,800▲ 64.9%
Equity€120,276▲ 104%€168,679▲ 40.2%€200,664▲ 19.0%€258,047▲ 28.6%€301,537▲ 16.9%
Total assets€408,513▲ 26.5%€550,080▲ 34.7%€523,344▼ 4.9%€495,181▼ 5.4%€627,206▲ 26.7%
Debt€288,237▲ 9.2%€381,401▲ 32.3%€322,680▼ 15.4%€235,703▼ 27.0%€324,570▲ 37.7%
Working capital€31,644▼ 57.5%€93,727▲ 196%€53,182▼ 43.3%€106,680▲ 101%€128,624▲ 20.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 61% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €627,206
Fixed assets
€343,317 ▲ 30.5%
Current assets
€283,889 ▲ 22.3%
Equity and liabilities €627,206
Equity
€301,537 ▲ 16.9%
Provisions
€1,099 ▼ 23.2%
Debt
€324,570 ▲ 37.7%
Debt's share of the balance-sheet total rises from 47.6% to 51.7%. Equity and debt are higher.
Key figures and ratios
EBITDA
€129,602▲
2024 · €98,879
Cash flow
€114,472▲
2024 · €88,703
Current ratio
1.83▼
2024 · 1.85
Quick ratio
1.10▼
2024 · 1.28
Debt to equity
1.08▲
2024 · 0.91
ROE
16.5%▲
2024 · 11.7%
ROA
7.9%▲
2024 · 6.1%
Interest coverage
32.02▲
2024 · 24.18
Debt ≤ 1 year
€155,265▲
2024 · €125,512
Debt > 1 year
€138,593▲
2024 · €73,527
Income taxes
€17,814▲
2024 · €6,204
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,082 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 20,082 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €10,000 | €0 | €3,000 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €50,688 | €48,185 | €69,792 | €58,505 | €64,672 | ▲ 10.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | - | €3,364 | - |
| Other operating charges640/8 | €836 | €1,220 | €1,426 | €1,609 | €1,381 | ▼ 14.2% |
| Non-recurring operating charges66A | €359 | - | - | - | - | - |
| Gross operating margin9900 | €127,663 | €113,675 | €114,485 | €100,487 | €134,347 | ▲ 33.7% |
| Operating profit (loss)9901 | €75,780 | €64,270 | €43,267 | €40,374 | €64,930 | ▲ 60.8% |
| Financial income75/76B | €756 | €343 | €338 | €116 | €6,399 | ▲ 5,411% |
| Recurring financial income75 | €756 | €343 | €338 | €116 | €6,399 | ▲ 5,411% |
| Financial charges65/66B | €2,271 | €1,690 | €4,855 | €4,089 | €4,047 | ▼ 1.0% |
| Recurring financial charges65 | €2,271 | €1,690 | €4,855 | €4,089 | €4,047 | ▼ 1.0% |
| Profit (loss) for the period before taxes9903 | €74,265 | €62,923 | €38,750 | €36,401 | €67,282 | ▲ 84.8% |
| Transfer from deferred taxes780 | - | - | - | - | €332 | - |
| Income taxes67/77 | €12,847 | €14,520 | €6,765 | €6,204 | €17,814 | ▲ 187% |
| Profit (loss) for the period9904 | €61,419 | €48,403 | €31,985 | €30,198 | €49,800 | ▲ 64.9% |
| Profit (loss) for the period to be appropriated9905 | €61,419 | €48,403 | €31,985 | €30,198 | €49,800 | ▲ 64.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €408,513 | €550,080 | €523,344 | €495,181 | €627,206 | ▲ 26.7% |
| Fixed assets21/28 | €220,145 | €278,565 | €306,994 | €262,989 | €343,317 | ▲ 30.5% |
| Tangible fixed assets22/27 | €220,145 | €278,565 | €306,994 | €262,989 | €343,317 | ▲ 30.5% |
| Land and buildings22 | €6,662 | €2,589 | €753 | €0 | - | - |
| Plant, machinery and equipment23 | €74,857 | €160,595 | €214,104 | €194,097 | €175,294 | ▼ 9.7% |
| Furniture and vehicles24 | €138,626 | €115,381 | €92,136 | €68,892 | €168,023 | ▲ 144% |
| Current assets29/58 | €188,368 | €271,515 | €216,350 | €232,192 | €283,889 | ▲ 22.3% |
| Stocks and contracts in progress3 | €39,882 | €52,445 | €53,750 | €71,175 | €112,645 | ▲ 58.3% |
| Stocks30/36 | €39,882 | €52,445 | €53,750 | €71,175 | €112,645 | ▲ 58.3% |
| Amounts receivable within one year40/41 | €62,542 | €107,889 | €46,961 | €44,716 | €54,717 | ▲ 22.4% |
| Trade receivables40 | €62,490 | €86,248 | €41,085 | €39,793 | €49,541 | ▲ 24.5% |
| Other amounts receivable41 | €53 | €21,641 | €5,877 | €4,923 | €5,176 | ▲ 5.1% |
| Cash at bank and in hand54/58 | €82,457 | €108,486 | €113,705 | €114,907 | €40,583 | ▼ 64.7% |
| Deferred charges and accrued income490/1 | €3,486 | €2,696 | €1,933 | €1,394 | €75,944 | ▲ 5,347% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €408,513 | €550,080 | €523,344 | €495,181 | €627,206 | ▲ 26.7% |
| Equity10/15 | €120,276 | €168,679 | €200,664 | €258,047 | €301,537 | ▲ 16.9% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €101,676 | €150,079 | €182,064 | €212,262 | €262,062 | ▲ 23.5% |
| Non-distributable reserves130/1 | €1,227 | €1,227 | €1,227 | €0 | - | - |
| Reserves not available under the articles1311 | €1,227 | €1,227 | €1,227 | €0 | - | - |
| Distributable reserves133 | €100,449 | €148,852 | €180,837 | €212,262 | €262,062 | ▲ 23.5% |
| Investment grants15 | - | - | - | €27,186 | €20,875 | ▼ 23.2% |
| Provisions and deferred taxes16 | - | - | - | €1,431 | €1,099 | ▼ 23.2% |
| Deferred taxes168 | - | - | - | €1,431 | €1,099 | ▼ 23.2% |
| Amounts payable17/49 | €288,237 | €381,401 | €322,680 | €235,703 | €324,570 | ▲ 37.7% |
| Amounts payable after more than one year17 | €128,664 | €170,727 | €134,232 | €73,527 | €138,593 | ▲ 88.5% |
| Financial debts170/4 | €128,664 | €170,727 | €134,232 | €73,527 | €138,593 | ▲ 88.5% |
| Amounts payable within one year42/48 | €156,724 | €177,788 | €163,168 | €125,512 | €155,265 | ▲ 23.7% |
| Current portion of amounts payable after more than one year42 | €57,119 | €53,462 | €78,562 | €60,705 | €57,397 | ▼ 5.4% |
| Trade debts44 | €51,951 | €86,727 | €33,303 | €36,787 | €58,700 | ▲ 59.6% |
| Suppliers440/4 | €51,951 | €86,727 | €33,303 | €36,787 | €58,700 | ▲ 59.6% |
| Advances received on contracts in progress46 | - | - | - | - | €1,959 | - |
| Taxes, remuneration and social security45 | €15,162 | €15,570 | €4,249 | €7,254 | €13,864 | ▲ 91.1% |
| Taxes450/3 | €15,162 | €14,520 | €3,199 | €6,204 | €12,814 | ▲ 107% |
| Remuneration and social security454/9 | - | €1,050 | €1,050 | €1,050 | €1,050 | = |
| Other amounts payable47/48 | €32,492 | €22,028 | €47,055 | €20,767 | €23,344 | ▲ 12.4% |
| Accrued charges and deferred income492/3 | €2,849 | €32,886 | €25,280 | €36,664 | €30,712 | ▼ 16.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €61,419 | €48,403 | €31,985 | €30,198 | €49,800 | ▲ 64.9% |
| + Depreciation and write-downs630 | €50,688 | €48,185 | €69,792 | €58,505 | €64,672 | ▲ 10.5% |
| Operating cash flow (approximation) | €112,107 | €96,588 | €101,777 | €88,703 | €114,472 | ▲ 29.1% |
| Investment in fixed assets (approximation) | - | -€106,605 | -€98,221 | -€14,500 | -€145,000 | ▼ 900% |
| Change in cash | - | €26,029 | €5,220 | €1,202 | -€74,324 | ▼ 6,283% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
08-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
23-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
29-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-09
Financial
Equity above €200,000Eq €200,664 ▲19%
6 profitable years in a row build equity to €200,664.
24-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Equity above €150,000Eq €168,679 ▲40.2%
5 profitable years in a row build equity to €168,679.
28-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
Financial
Highest result since 2018net €61,419 ▲290%
Operating result €75,780, net result €61,419, both a record.
30-09
Financial
Equity above €100,000Eq €120,276 ▲104%
4 profitable years in a row build equity to €120,276.
30-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
27-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 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, Zuienkerke · 1 establishment unit since 2006
Ground area
5,404 m²
Building footprint
1,363 m²
Volume, LiDAR
7,755 m³
Parcel 31020A0044/00S000, Flanders · tallest building 8.7 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
DEMVA
since 20062.153.108.604
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31020A0044/00S000 | Flanders | 5,404 m² | 1 · 1,363 m² | 8.7 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
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
Flemish government
2023 to 2025 · 3 entries · 3,290 EUR awarded · 3,280 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 404 EUR | 404 EUR |
| 2024 | 1 | 59 EUR | 49 EUR |
| 2023 | 1 | 2,827 EUR | 2,827 EUR |
Recognitions · licences · registrations
Food safety, FASFC
1 siteZuienkerke2.153.108.604
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Of 20,585 companies in sector 01500 we hold annual accounts for 1,149. 932 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded22-02-2006
Fiscal year end30-09
Activities, NACEBEL 2025
01500Mixed farming
E-invoicing
Reachable via Peppol
Peppol ID
0208:0879545322
Also
9925:BE0879545322
Registered
28-01-2026
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.