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Fonds Demeter

Active
Private limited companyfounded 20206 yrs activeLegerlaan 44, 1040 Etterbeek, BelgiumKBO/BCE: BE 0748.939.770
Summary

The computed 12-month bankruptcy probability of Fonds Demeter is 3.9% (moderate). The 2025 annual accounts show equity of €145,388 and a net result of €7,783. Equity is growing by ~40.2% per year across the filed fiscal years. The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes · tick = 2024
Profitability41▼-59
Solvency51▲+1
Growth78=
Track record100
Bankruptcy probability, 12 months
3.9% Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €5,000 at 30 days only on tighter terms
Liquidity short (current ratio 0.91 against 0.89 in 2024; short-term debt: 74.1% and cash: 1.1% of total assets), and 74.1% of the assets are financed with debt.
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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 6 years 0 10 y
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
25.9%
Return on assets
1.4%
Age of the figures
9 mo
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 26-03-2026, 127 days ahead of the deadline.
NBB · 5 filings
Deviation from the deadline
2025
127 d early
2024
29 d late
2023
28 d late
2022
31 d late
2021
142 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 5 accounts on average 21 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Checked, nothing found (2)
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 months
Position in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 24 June 2020, Fonds Demeter was incorporated as a Private limited company.1 Total assets went from EUR 982,749 in 2021 to EUR 560,388 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2021 and 2025

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Financials · fiscal year 2025, micro schema

Equity
€145,388▲ 5.7%
2024 · €137,604
Total assets
€560,388▲ 1.4%
2024 · €552,604
Net result
€7,783▼ 96.4%
2024 · €219,031
Working capital
-€36,413▲ 17.6%
2024 · -€44,196
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-€2,198--€1,144▲ 47.9%-€110,606▼ 9,568%-€782▲ 99.3%-€1,557▼ 99.1%
Net result-€1,251--€462▲ 63.0%-€109,714▼ 23,623%€219,031€7,783▼ 96.4%
Equity€28,749-€28,287▼ 1.6%-€81,427€137,604€145,388▲ 5.7%
Total assets€982,749-€562,726▼ 42.7%€452,573▼ 19.6%€552,604▲ 22.1%€560,388▲ 1.4%
Debt€954,000-€534,439▼ 44.0%€534,000▼ 0.1%€415,000▼ 22.3%€415,000=
Working capital-€922,711--€489,333▲ 47.0%-€343,227▲ 29.9%-€44,196▲ 87.1%-€36,413▲ 17.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€200,000-€100,000€0€100,000€200,000Operating result 2021: -€2,198-€2,198Net result 2021: -€1,251-€1,251Operating result 2022: -€1,144-€1,144Net result 2022: -€462-€462Operating result 2023: -€110,606-€110,606Net result 2023: -€109,714-€109,714Operating result 2024: -€782-€782Net result 2024: €219,031€219,031Operating result 2025: -€1,557-€1,557Net result 2025: €7,783€7,78320212022202320242025-€200,000-€100,000€0€100,000€200,000Operating result 2023: -€110,606-€111,000Net result 2023: -€109,714-€110,000Operating result 2024: -€782-€782Net result 2024: €219,031€219,000Operating result 2025: -€1,557-€1,560Net result 2025: €7,783€7,780202320242025
The operating result stays negative: a loss of €1,557 in 2025 against €782 in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €560,388
Fixed assets €181,800 =
Current assets €378,588 ▲ 2.1%
Equity and liabilities €560,388
Equity €145,388 ▲ 5.7%
Debt €415,000 =
Debt's share of the balance-sheet total falls from 75.1% to 74.1%. Equity is higher.
Key figures and ratios
2025 value · change against 2024
Current ratio
0.91▲
2024 · 0.89
Debt to equity
2.85▼
2024 · 3.02
ROE
5.4%▼
2024 · 159.2%
ROA
1.4%▼
2024 · 39.6%
Debt ≤ 1 year
€415,000=
2024 · €415,000
Income taxes
€1,291
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 2,365 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 97% are still going.

  • Small
  • 5 to 10 years old
  • solvency 10 to 30%
  • a profit under 5% of the balance sheet
1.7% went bankrupt
1.4% stopped otherwise
97% still going

A further 0.3% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 3.9% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

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%.

The companies in ten equal groups, from lowest to highest expected share.
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 2,365 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 29 lines
Balance sheet Code20242025
Assets
Total assets20/58€552,604€560,388▲
Fixed assets21/28€181,800€181,800=
Financial fixed assets28€181,800€181,800=
Current assets29/58€370,804€378,588▲
Amounts receivable within one year40/41-€1,698
Other amounts receivable41-€1,698
Current investments50/53€370,000€370,000=
Cash at bank and in hand54/58€81€6,167▲
Deferred charges and accrued income490/1€723€723=
Equity and liabilities
Total equity and liabilities10/49€552,604€560,388▲
Equity10/15€137,604€145,388▲
Contributions10/11€30,000€30,000=
Profit (loss) carried forward14€107,604€115,388▲
Amounts payable17/49€415,000€415,000=
Amounts payable within one year42/48€415,000€415,000=
Other amounts payable47/48€415,000€415,000=
Income statement Code20242025
Other operating charges640/8€64€66▲
Gross operating margin9900-€718-€1,491▼
Operating profit (loss)9901-€782-€1,557▼
Financial income75/76B€219,865€10,686▼
Recurring financial income75€219,865€10,686▼
Financial charges65/66B€51€55▲
Recurring financial charges65€51€55▲
Profit (loss) for the period before taxes9903€219,031€9,075▼
Income taxes67/77-€1,291
Profit (loss) for the period9904€219,031€7,783▼
Profit (loss) for the period to be appropriated9905€219,031€7,783▼
Appropriation of the result
Profit (loss) to be appropriated9906€107,604€115,388▲
Profit (loss) brought forward from the previous period14P-€111,427€107,604▲

The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Other operating charges640/8--€108,639€64€66▲ 3.0%
Gross operating margin9900-€2,198-€1,144-€1,968-€718-€1,491▼ 108%
Operating profit (loss)9901-€2,198-€1,144-€110,606-€782-€1,557▼ 99.1%
Financial income75/76B€947€723€944€219,865€10,686▼ 95.1%
Recurring financial income75€947€723€944€219,865€10,686▼ 95.1%
Financial charges65/66B-€42€51€51€55▲ 6.2%
Recurring financial charges65-€42€51€51€55▲ 6.2%
Profit (loss) for the period before taxes9903-€1,251-€462-€109,714€219,031€9,075▼ 95.9%
Income taxes67/77----€1,291-
Profit (loss) for the period9904-€1,251-€462-€109,714€219,031€7,783▼ 96.4%
Profit (loss) for the period to be appropriated9905-€1,251-€462-€109,714€219,031€7,783▼ 96.4%
Line20212022202320242025Change
Assets
Total assets20/58€982,749€562,726€452,573€552,604€560,388▲ 1.4%
Fixed assets21/28€951,461€517,620€261,800€181,800€181,800=
Financial fixed assets28€951,461€517,620€261,800€181,800€181,800=
Current assets29/58€31,289€45,106€190,773€370,804€378,588▲ 2.1%
Amounts receivable within one year40/41----€1,698-
Other amounts receivable41----€1,698-
Current investments50/53---€370,000€370,000=
Cash at bank and in hand54/58€30,342€44,159€189,826€81€6,167▲ 7,528%
Deferred charges and accrued income490/1€947€947€947€723€723=
Equity and liabilities
Total equity and liabilities10/49€982,749€562,726€452,573€552,604€560,388▲ 1.4%
Equity10/15€28,749€28,287-€81,427€137,604€145,388▲ 5.7%
Contributions10/11€30,000€30,000€30,000€30,000€30,000=
Outside capital11€30,000-----
Other1109/19€30,000-----
Profit (loss) carried forward14-€1,251-€1,713-€111,427€107,604€115,388▲ 7.2%
Amounts payable17/49€954,000€534,439€534,000€415,000€415,000=
Amounts payable within one year42/48€954,000€534,439€534,000€415,000€415,000=
Trade debts44-€439€0---
Suppliers440/4-€439€0---
Other amounts payable47/48€954,000€534,000€534,000€415,000€415,000=
Line20212022202320242025Change
Profit (loss) for the period9904-€1,251-€462-€109,714€219,031€7,783▼ 96.4%
Operating cash flow (approximation)-€1,251-€462-€109,714€219,031€7,783▼ 96.4%
Investment in fixed assets (approximation)-€433,841€255,820€80,000€0▼ 100%
Change in cash-€13,817€145,667-€189,745€6,086▲ 103%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
26-03
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
29-08
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial Back to profitnet €219,031
Net result €219,031 after 3 loss-making years.
31-12
Financial Equity above €100,000Eq €137,604
Equity rises from -€81,427 to €137,604.
28-08
NBB filing Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
2023
31-12
Financial Weakest financial yearnet -€109,714
Net result drops to -€109,714, the lowest in the series; recovery starts the following year.
31-08
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
20-12
NBB filing Annual accounts filed
fiscal year 2021 · micro schema · 142 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
1 act for this company is 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, Etterbeek
exact location from the address register On OpenStreetMap
Ground area
402 m²
Building footprint
139 m²
Volume, LiDAR
2,116 m³
Parcel 21362B0278/00M007, Brussels · tallest building 18.5 m, ±5 floors. Linked by address, not a title deed.
3 companies at this address See who is registered here
1 parcel
Brussels 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21362B0278/00M007 Brussels 402 m² 1 · 139 m² 18.5 m · 5 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.

Structure & network

Owners and holdings

1 holding

Owners 0

The accounts to 31-12-2022 list no shareholders, and no other source names one.

Holdings 1

According to the 2022 annual accounts of Fonds Demeter and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Identification & contact

Identification
Legal formPrivate limited company
Founded24-06-2020
Fiscal year end31-12
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

What can you do?

Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.

If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.