DEMEKO
ActiveSummary
DEMEKO has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €23k and a net result of €8k. Equity is growing by ~62.5% per year across the filed fiscal years. Its solvency ranks better than 23% of 9982 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.0% (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
Profitability76=
Solvency41▲+6
Growth78=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity short (current ratio 0.46 against 0.66 in 2023; short-term debt: 54.7% and cash: 4% of total assets), and 84.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five 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 41
Relative position
BE, all sectors
reference
Sector 41
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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
15.6%
Return on assets
5.5%
Age of the figures
21 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 9982 sector peers (2024).
NBB · sector comparisonPosition among 9982 sector peers
Solvency
better than 23%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 24-07-2025, 7 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
7 d early
2023
28 d late
2022
30 d late
2021
3 d early
2020
26 d late
2019
54 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€23k▲ 54.0%
2023 · €15k
2018: €-64k
2019: €-35k
2020: €-57k
2021: €-20k
2022: €6k
2023: €15k
2018 → 2024
Total assets
€150k▼ 4.7%
2023 · €157k
2018: €304k
2019: €261k
2020: €160k
2021: €193k
2022: €160k
2023: €157k
2018 → 2024
Net result
€8k▼ 13.8%
2023 · €9k
2018: €-80k
2019: €29k
2020: €-22k
2021: €37k
2022: €26k
2023: €9k
2018 → 2024
Working capital
€-44k▼ 12.7%
2023 · €-39k
2018: €-109k
2019: €-98k
2020: €-96k
2021: €-45k
2022: €-49k
2023: €-39k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€-57k-€-20k▲ 64.7%€6k€15k▲ 168%€23k▲ 54.0%
Operating result€-13k-€46k€31k▼ 33.4%€18k▼ 42.0%€18k▼ 1.0%
Net result€-22k-€37k€26k▼ 30.1%€9k▼ 63.2%€8k▼ 13.8%
Turnover and EBIT margin not published: the 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 1% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €150k
Fixed assets
€112k ▲ 39.9%
Current assets
€38k ▼ 51.2%
Equity and liabilities €150k
Equity
€23k ▲ 54.0%
Debt
€126k ▼ 11.0%
Debt's share of the balance-sheet total falls from 90.4% to 84.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€30k▼
2023 · €32k
Cash flow
€21k▼
2023 · €24k
Current ratio
0.46▼
2023 · 0.66
Quick ratio
0.34▼
2023 · 0.49
Debt to equity
5.43▼
2023 · 9.39
ROE
35.1%▼
2023 · 62.6%
ROA
5.5%▼
2023 · 6.0%
Interest coverage
6.40▼
2023 · 7.54
Debt ≤ 1 year
€82k▼
2023 · €116k
Debt > 1 year
€45k▲
2023 · €26k
Income taxes
€5k▲
2023 · €5k
Staff costs
€66k▲
2023 · €63k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 53 lines
Balance sheet
Code20232024
Assets
Total assets20/58€157k€150k▼
Fixed assets21/28€80k€112k▲
Tangible fixed assets22/27€80k€112k▲
Land and buildings22€69k€65k▼
Plant, machinery and equipment23€7k€11k▲
Furniture and vehicles24€4k€36k▲
Current assets29/58€77k€38k▼
Stocks and contracts in progress3€20k€10k▼
Stocks30/36€5k€5k=
Contracts in progress37€15k€5k▼
Amounts receivable within one year40/41€54k€19k▼
Trade receivables40€48k€8k▼
Other amounts receivable41€6k€11k▲
Cash at bank and in hand54/58€626€6k▲
Deferred charges and accrued income490/1€3k€3k▼
Equity and liabilities
Total equity and liabilities10/49€157k€150k▼
Equity10/15€15k€23k▲
Contributions10/11€6k€6k=
Reserves13€9k€17k▲
Non-distributable reserves130/1€2k-
Reserves not available under the articles1311€2k-
Distributable reserves133€7k€17k▲
Amounts payable17/49€142k€126k▼
Amounts payable after more than one year17€26k€45k▲
Financial debts170/4€26k€45k▲
Amounts payable within one year42/48€116k€82k▼
Current portion of amounts payable after more than one year42€17k€16k▼
Financial debts43€12k€9k▼
Credit institutions430/8€12k€9k▼
Trade debts44€75k€48k▼
Suppliers440/4€75k€48k▼
Taxes, remuneration and social security45€6k€4k▼
Taxes450/3€3k€2k▼
Remuneration and social security454/9€3k€2k▼
Other amounts payable47/48€6k€5k▼
Income statement
Code20232024
Non-recurring operating income76A€4k€18k▲
Remuneration, social security and pensions62€63k€66k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14k€12k▼
Other operating charges640/8€4k€3k▼
Gross operating margin9900€98k€99k▲
Operating profit (loss)9901€18k€18k▼
Financial income75/76B€449€10▼
Recurring financial income75€449€10▼
Financial charges65/66B€4k€5k▲
Recurring financial charges65€4k€5k▲
Profit (loss) for the period before taxes9903€14k€13k▼
Income taxes67/77€5k€5k▲
Profit (loss) for the period9904€9k€8k▼
Profit (loss) for the period to be appropriated9905€9k€8k▼
Appropriation of the result
Profit (loss) to be appropriated9906€3k€8k▲
Profit (loss) brought forward from the previous period14P€-6k-
Transfer to equity691/2€3k€8k▲
To other reserves6921€3k€8k▲
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
24-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
28-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 28 days late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €37k
Net result €37k after one loss-making year.
26-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 26 days late
2020
23-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 54 days late
2019
31-12
Financial
Back to profitnet €29k
Net result €29k after one loss-making year.
30-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 61 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 29 days late
2016
20-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated 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, Aalst · 1 establishment unit since 2011
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.
Ravenakkerstraat 159310 AalstGround area
1,745 m²
Building footprint
241 m²
Volume, LiDAR
1,169 m³
Parcel 41042E0092/00T000, Flanders · tallest building 10.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
DEMEKO
since 20112.196.736.135
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41042E0092/00T000 | Flanders | 1,745 m² | 1 · 241 m² | 10.6 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.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 840 EUR awarded · 840 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 840 EUR | 840 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Similar companies · same sector, comparable size
RTEAM HVAC
BE 1022.641.306
Asse · Eq €23,277
IZA CONSTRUCT
BE 0803.818.214
Grimbergen · Eq €23,280
3211 BE
BE 0769.795.958
Zaventem · Eq €23,273
MaçonBel
BE 0792.947.482
Aubange · Eq €23,283
B&L DECO
BE 0792.396.760
Sint-Genesius-Rode · Eq €23,269
Of 29,797 companies in sector 41001 we hold annual accounts for 16,049. 11,911 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded24-02-2011
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
43110Demolition
43331Floor and wall tiling
Sources
Crossroads Bank for EnterprisesNational Bank · 14 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.