DEMAKIN
ActiveDEMAKIN has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €239k and a net result of €8k. Equity is growing by ~8.8% per year across the filed fiscal years. Its solvency ranks better than 33% of 16426 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
66
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability37▼-36
Solvency67▲+1
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €15k at 30 days acceptable
Liquidity short (current ratio 0.67 against 0.75 in 2024; short-term debt: 46.8% and cash: 11.4% of total assets), and 58.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven 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 86
Relative position
BE, all sectors
reference
Sector 86
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
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
41.8%
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 15-06-2026, 46 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
46 d early
2024
51 d early
2023
48 d early
2022
42 d early
2021
2 d early
2020
25 d late
2019
14 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
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€239k▲ 0.4%
2024 · €238k
2018: €139k
2019: €150k
2020: €156k
2021: €172k
2022: €187k
2023: €217k
2024: €238k
2018 → 2025
Total assets
€572k▼ 0.9%
2024 · €577k
2018: €565k
2019: €545k
2020: €511k
2021: €506k
2022: €509k
2023: €549k
2024: €577k
2018 → 2025
Net result
€8k▼ 72.0%
2024 · €29k
2018: €12k
2019: €11k
2020: €6k
2021: €16k
2022: €21k
2023: €37k
2024: €29k
2018 → 2025
Working capital
€-88k▼ 54.0%
2024 · €-57k
2018: €-199k
2019: €-178k
2020: €-162k
2021: €-161k
2022: €-135k
2023: €-119k
2024: €-57k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€172k-€187k▲ 8.3%€217k▲ 16.0%€238k▲ 10.0%€239k▲ 0.4%
Operating result€29k-€35k▲ 21.1%€66k▲ 89.0%€58k▼ 11.9%€61k▲ 5.5%
Net result€16k-€21k▲ 29.6%€37k▲ 73.6%€29k▼ 22.2%€8k▼ 72.0%
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 6% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €572k
Fixed assets
€393k▼ 2.4%
Current assets
€179k▲ 2.6%
Equity and liabilities €572k
Equity
€239k▲ 0.4%
Debt
€333k▼ 1.8%
The debt ratio falls from 58.7% to 58.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€102k▲
2024 · €102k
Cash flow
€49k▼
2024 · €73k
Solvency
41.8%▲
2024 · 41.3%
Current ratio
0.67▼
2024 · 0.75
Quick ratio
0.67▼
2024 · 0.75
Debt / equity
1.39▼
2024 · 1.42
ROE
3.4%▼
2024 · 12.1%
ROA
1.4%▼
2024 · 5.0%
Interest coverage
2.02▼
2024 · 5.79
Debt
€333k▼
2024 · €339k
Debt ≤ 1 year
€268k▲
2024 · €232k
Income taxes
€3k▼
2024 · €12k
Staff costs
€71k▲
2024 · €69k
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€577k€572k▼
Fixed assets21/28€403k€393k▼
Tangible fixed assets22/27€402k€393k▼
Land and buildings22€317k€299k▼
Plant, machinery and equipment23€43k€60k▲
Furniture and vehicles24€43k€33k▼
Financial fixed assets28€50€50=
Current assets29/58€175k€179k▲
Amounts receivable within one year40/41€8k€17k▲
Trade receivables40€6k€6k▼
Other amounts receivable41€1k€10k▲
Cash at bank and in hand54/58€45k€65k▲
Deferred charges and accrued income490/1€122k€97k▼
Equity and liabilities
Total equity and liabilities10/49€577k€572k▼
Equity10/15€238k€239k▲
Contributions10/11€20k€20k=
Reserves13€218k€219k▲
Distributable reserves133€218k€219k▲
Amounts payable17/49€339k€333k▼
Amounts payable after more than one year17€16k-
Financial debts170/4€16k-
Amounts payable within one year42/48€232k€268k▲
Current portion of amounts payable after more than one year42€15k€16k▲
Trade debts44€6k€6k▼
Suppliers440/4€6k€6k▼
Taxes, remuneration and social security45€12k€9k▼
Taxes450/3€490-
Remuneration and social security454/9€11k€9k▼
Other amounts payable47/48€199k€236k▲
Accrued charges and deferred income492/3€91k€65k▼
Income statement
Code20242025
Remuneration, social security and pensions62€69k€71k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€44k€41k▼
Other operating charges640/8€4k€4k▼
Gross operating margin9900€175k€177k▲
Operating profit (loss)9901€58k€61k▲
Financial income75/76B€8€156▲
Recurring financial income75€8€156▲
Financial charges65/66B€18k€50k▲
Recurring financial charges65€18k€50k▲
Profit (loss) for the period before taxes9903€40k€11k▼
Income taxes67/77€12k€3k▼
Profit (loss) for the period9904€29k€8k▼
Profit (loss) for the period to be appropriated9905€29k€8k▼
Appropriation of the result
Profit (loss) to be appropriated9906€29k€8k▼
Transfer to equity691/2€22k€1k▼
To other reserves6921€22k€1k▼
Profit to be distributed694/7€7k€7k=
Employees696€7k€7k=
The notes to these accounts (12 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
15-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
10-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
13-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €37k ▲73.6%
Operating result €66k, net result €37k, both a record.
31-12
Financial
Equity above €200kEq €217k ▲16%
6 profitable years in a row build equity to €217k.
19-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
25-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 25 days late
2020
31-12
Financial
Weakest financial yearnet €6k ▼47.8%
Net result drops to €6k, the lowest in the series; recovery starts the following year.
14-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 14 days late
2019
31-12
Financial
Equity above €150kEq €150k ▲8%
2 profitable years in a row build equity to €150k.
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 27 days late
2018
28-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
22-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Viroinval · 1 establishment unit since 2001
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.
Rue de la Gare, Treignes 165670 ViroinvalGround area
698 m²
Building footprint
111 m²
Volume, LiDAR
694 m³
Parcel 93079B0098/00P000, Wallonia · tallest building 9.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Rue de la Gare, Treignes 16 B, 5670 Viroinval
since 20012.098.468.801
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 93079B0098/00P000 | Wallonia | 698 m² | 1 · 111 m² | 9.0 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.
Recognitions · licences · registrations
Legal Entity Identifier
984500AU2AF76Z1CG760
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Of 12,691 companies in sector 86951 we hold annual accounts for 2,139. 1,520 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded22-05-2001
Fiscal year end31-12
Activities, NACEBEL
85144
86905Human health activities
86951Physiotherapy
86959Human health activities
Sources
Crossroads Bank for EnterprisesNational Bank · 24 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.