AFBRAAKWERKEN DEMOFER
ActiveAFBRAAKWERKEN DEMOFER has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €443k and a net result of €37k. Equity is growing by ~16.6% per year across the filed fiscal years. Its solvency ranks better than 35% of 7446 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2024
56
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability44▼-29
Solvency57▲+7
Growth52=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €24k at 30 days acceptable
Liquidity ample (current ratio 1.98 against 1.58 in 2023; short-term debt: 45.4% and cash: 10.3% of total assets), but 67.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four 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
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 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
not confirmed
2024
61 d late
2023
61 d late
2022
61 d late
2021
105 d late
2020
31 d late
2019
122 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Equity
€443k▲ 9.2%
2023 · €405k
2018: €155k
2019: €183k
2020: €237k
2021: €311k
2022: €352k
2023: €405k
2018 → 2024
Total assets
€1.37M▼ 14.1%
2023 · €1.60M
2018: €481k
2019: €496k
2020: €481k
2021: €840k
2022: €1.08M
2023: €1.60M
2018 → 2024
Net result
€37k▼ 30.0%
2023 · €53k
2018: €73k
2019: €28k
2020: €53k
2021: €74k
2022: €41k
2023: €53k
2018 → 2024
Working capital
€609k▲ 20.9%
2023 · €504k
2018: €151k
2019: €176k
2020: €225k
2021: €384k
2022: €451k
2023: €504k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€237k-€311k▲ 31.3%€352k▲ 13.3%€405k▲ 15.1%€443k▲ 9.2%
Operating result€78k-€96k▲ 23.2%€94k▼ 1.5%€75k▼ 20.0%€50k▼ 34.0%
Net result€53k-€74k▲ 39.3%€41k▼ 44.3%€53k▲ 29.0%€37k▼ 30.0%
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 has fallen three years in a row; 2024 is 34% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.37M
Fixed assets
€140k▼ 36.5%
Current assets
€1.23M▼ 10.5%
Equity and liabilities €1.37M
Equity
€443k▲ 9.2%
Provisions
€36k=
Debt
€894k▼ 22.7%
The debt ratio falls from 72.4% to 65.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€63k▼
2023 · €91k
Cash flow
€50k▼
2023 · €68k
Solvency
32.2%▲
2023 · 25.4%
Current ratio
1.98▲
2023 · 1.58
Quick ratio
1.57▼
2023 · 1.58
Debt / equity
2.02▼
2023 · 2.85
ROE
8.4%▼
2023 · 13.1%
ROA
2.7%▼
2023 · 3.3%
Debt
€894k▼
2023 · €1.16M
Debt ≤ 1 year
€624k▼
2023 · €874k
Debt > 1 year
€270k▼
2023 · €283k
Income taxes
€13k▼
2023 · €17k
Staff costs
€77k▼
2023 · €102k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€1.60M€1.37M▼
Fixed assets21/28€221k€140k▼
Tangible fixed assets22/27€220k€140k▼
Land and buildings22€209k€122k▼
Plant, machinery and equipment23€11k€8k▼
Furniture and vehicles24€238€4k▲
Other tangible fixed assets26-€5k
Financial fixed assets28€653€653=
Current assets29/58€1.38M€1.23M▼
Stocks and contracts in progress3€360€254k▲
Stocks30/36€360€254k▲
Amounts receivable within one year40/41€1.24M€838k▼
Trade receivables40€1.21M€791k▼
Other amounts receivable41€36k€47k▲
Cash at bank and in hand54/58€129k€141k▲
Deferred charges and accrued income490/1€4k-
Equity and liabilities
Total equity and liabilities10/49€1.60M€1.37M▼
Equity10/15€405k€443k▲
Contributions10/11€6k€6k=
Reserves13€104k€104k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€102k€102k=
Profit (loss) carried forward14€296k€333k▲
Provisions and deferred taxes16€36k€36k=
Provisions for liabilities and charges160/5€36k€36k=
Other liabilities and charges164/5€36k€36k=
Amounts payable17/49€1.16M€894k▼
Amounts payable after more than one year17€283k€270k▼
Financial debts170/4€283k€270k▼
Amounts payable within one year42/48€874k€624k▼
Current portion of amounts payable after more than one year42€12k€5k▼
Trade debts44€681k€545k▼
Suppliers440/4€681k€545k▼
Taxes, remuneration and social security45€82k€56k▼
Taxes450/3€57k€43k▼
Remuneration and social security454/9€26k€13k▼
Other amounts payable47/48€98k€18k▼
Income statement
Code20232024
Non-recurring operating income76A-€94k
Remuneration, social security and pensions62€102k€77k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€15k€13k▼
Other operating charges640/8€25k€12k▼
Gross operating margin9900€217k€152k▼
Operating profit (loss)9901€75k€50k▼
Financial income75/76B-€42
Recurring financial income75-€42
Financial charges65/66B€5k-
Recurring financial charges65€5k-
Profit (loss) for the period before taxes9903€70k€50k▼
Income taxes67/77€17k€13k▼
Profit (loss) for the period9904€53k€37k▼
Profit (loss) for the period to be appropriated9905€53k€37k▼
Appropriation of the result
Profit (loss) to be appropriated9906€296k€333k▲
Profit (loss) brought forward from the previous period14P€242k€296k▲
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 61 days late
2024
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 61 days late
2023
30-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 61 days late
2022
13-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 105 days late
2021
31-12
Financial
Highest result since 2018net €74k ▲39.3%
Net result €74k, the highest in the series.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Equity above €200kEq €237k ▲29%
3 profitable years in a row build equity to €237k.
30-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 122 days late
2019
31-12
Financial
Weakest financial yearnet €28k ▼61.8%
Net result drops to €28k, the lowest in the series; recovery starts the following year.
05-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 36 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
2016
02-12
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 124 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Erpe-Mere · 1 establishment unit since 2010
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.
Oude Heerbaan 399420 Erpe-MereGround area
581 m²
Building footprint
150 m²
Volume, LiDAR
1,070 m³
Parcel 41016C0343/00C000, Flanders · tallest building 11.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Afbraakwerken Demofer
since 20102.190.128.653
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41016C0343/00C000 | Flanders | 581 m² | 1 · 149 m² | 11.2 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
BOGEMANS JEAN
BE 0475.156.478
Merchtem · Eq €444k
DuFam
BE 0821.747.574
Gent · Eq €444k
ERAN INVEST
BE 0475.761.046
Brugge · Eq €439k
SVEN DEREZ
BE 0687.593.408
Kortrijk · Eq €448k
NEXXOL
BE 0477.693.821
Grâce-Hollogne · Eq €435k
Of 1,365 companies in sector 43110 we hold annual accounts for 632. 436 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded08-03-2010
Fiscal year end31-12
Activities, NACEBEL
43110Demolition
43240Other construction installation
43299Specialised construction activities
41001General construction of residential buildings
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.