Checked.be
Active
BE 0450.378.918Public limited company
DEMI - LUNE
Watteeustraat 19 ·1000 Brussel, Belgium· 33 yrs active
Sector: Retail sale of antiques
(47791)
Conclusion
DEMI - LUNE has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.72M and a net result of €230k. Equity is growing by ~12.4% per year across the filed fiscal years. Its solvency ranks better than 89% of 4023 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Based on the State Gazette, CBE and 4 annual accounts.
Key figures
| Equity | €1.72M |
| Net result | €230k |
| Staff (FTE) | 2.2 |
| Better than sector | 89% |
Financial profile
84
/ 100
Exceptional profile, strong across almost every axis.
All 5 axes are computed from data Checked has read.
Health
100
Profitability
67
Solvency
100
Growth
52
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Long-established
Founded in 1993, 33 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
100
/ 100
Excellent
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€170k
estimate, not credit advice
Score history
93
2022
81
2023
100
2024
100
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 4.95 (≥ 1.5)
+10
Quick ratio
Quick ratio 1.96 (≥ 1.0)
+5
Leverage
Debt/equity 0.25 (< 1.0)
+10
Profitability
ROE 13% (≥ 10%)
+10
Interest coverage
Interest coverage 19.8× (≥ 3×)
+8
Profit trend
Net profit up YoY
+5
Equity growth
Equity growing YoY
+3
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 29-04-2026 with the NBB · fiscal year 2025 · full schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing
Equity: growth of ~12.4%/year over 4 fiscal years, indicative, assuming unchanged policy.
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2025 · NACE 47, Retail trade · compared within the same schema type (full schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 79.9% | 36.1% | |
| Net result | €230k | €42k | |
| Equity | €1.72M | €441k | |
| Gross operating margin | €355k | €324k | |
| Staff costs | €49k | €340k |
€303k
+27.8%
22-25
€230k
+20.0%
22-25
€240k
+20.2%
22-25
€2.15M
+11.0%
22-25
€1.72M
+15.4%
22-25
€1.71M
+15.5%
22-25
2
+10.0%
22-25
€49k
-63.4%
22-25
€54k
+92.1%
22-25
€433k
-3.6%
22-25
€433k
-3.6%
22-25
€645
0.0%
22-25
4.95
+15.2%
22-25
1.96
+34.1%
22-25
79.9%
+4.0%
22-25
0.25
-16.5%
22-25
13.3%
+4.0%
22-25
10.7%
+8.1%
22-25
19.78
-11.6%
22-25
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Deposit | full schema | full schema | full schema | full schema |
| Revenue | - | - | - | - |
| EBITDA | €303k | €237k | €124k | €409k |
| Net profit | €230k | €191k | €12k | €292k |
| Cash flow | €240k | €199k | €23k | €297k |
| Staff costs | €49k | €133k | €256k | €215k |
| Income taxes | €54k | €28k | €99k | €110k |
| Dividends | - | - | - | - |
| Total assets | €2.15M | €1.94M | €1.60M | €1.55M |
| Equity | €1.72M | €1.49M | €1.30M | €1.29M |
| Debt | €433k | €449k | €297k | €258k |
| of which ≤ 1y | €433k | €449k | €297k | €257k |
| of which > 1y | - | - | €645 | €645 |
| Working capital | €1.71M | €1.48M | €1.28M | €1.26M |
| Employees (FTE) | 2.2 | 2.0 | 4.0 | 3.9 |
Ratios (computed)
| 2025 | 2024 | 2023 | 2022 | |
|---|---|---|---|---|
| Current ratio | 4.95 | 4.29 | 5.32 | 5.89 |
| Quick ratio | 1.96 | 1.46 | 0.85 | 1.81 |
| Working capital ratio | 79.3% | 76.2% | 80.3% | 81.5% |
| Solvency | 79.9% | 76.9% | 81.4% | 83.3% |
| Debt / equity | 0.25 | 0.30 | 0.23 | 0.20 |
| Long-term debt ratio | - | - | 0.00 | 0.00 |
| Interest coverage | 19.78 | 22.37 | 56.17 | 177.89 |
| Gross margin | - | - | - | - |
| Net margin | - | - | - | - |
| ROA | 10.7% | 9.9% | 0.8% | 18.9% |
| ROE | 13.3% | 12.8% | 1.0% | 22.7% |
| EBITDA margin | - | - | - | - |
| Days sales outstanding | - | - | - | - |
| Days payable outstanding | - | - | - | - |
| Inventory turnover | - | - | - | - |
| Days inventory (DSI) | - | - | - | - |
Balance-sheet composition 2025
Full annual accounts (26 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet, Assets | |||||
| TOTAL ASSETS | 20/58 | €2.15M | €1.94M | €1.60M | €1.55M |
| Fixed assets | 21/28 | €13k | €12k | €18k | €29k |
| Tangible fixed assets | 22/27 | €13k | €12k | €18k | €29k |
| Financial fixed assets | 28 | - | €0 | - | - |
| Current assets | 29/58 | €2.14M | €1.93M | €1.58M | €1.52M |
| Stocks & contracts in progress | 3 | €1.29M | €1.27M | €1.33M | €1.05M |
| Amounts receivable within one year | 40/41 | €298k | €288k | €148k | €120k |
| Investments | 50/53 | - | - | €33 | €33 |
| Cash & bank | 54/58 | €549k | €368k | €102k | €347k |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €2.15M | €1.94M | €1.60M | €1.55M |
| Equity | 10/15 | €1.72M | €1.49M | €1.30M | €1.29M |
| Contributions / capital | 10/11 | €109k | €109k | €99k | €99k |
| Reserves | 13 | €150k | €150k | €160k | €160k |
| Accumulated profits (losses) | 14 | €1.46M | €1.23M | €1.04M | €1.03M |
| Amounts payable | 17/49 | €433k | €449k | €297k | €258k |
| Amounts payable after one year | 17 | - | - | €645 | €645 |
| Amounts payable within one year | 42/48 | €433k | €449k | €297k | €257k |
| Trade debts payable within one year | 44 | €118k | €168k | €48k | €17k |
| Income statement | |||||
| Gross operating margin | 9900 | €355k | €379k | €381k | €626k |
| Operating result | 9901 | €294k | €229k | €113k | €404k |
| Financial income | 75 | €5k | €463 | €768 | €343 |
| Financial charges | 65 | €15k | €11k | €2k | €2k |
| Result before taxes | 9903 | €283k | €219k | €112k | €402k |
| Income taxes | 67/77 | €54k | €28k | €99k | €110k |
| Net result for the period | 9904 | €230k | €191k | €12k | €292k |
| Result to be appropriated | 9905 | €230k | €191k | €12k | €292k |
Directors & mandates
Directors derived from a single State Gazette act, under verification
All 4 current directors first appear in the same act (23484882). Founders or capital subscribers may have been counted as directors here; the real board composition is being verified.
Current directors & mandates
-
de CATERS Andrea Rozenn Diego MarieDirectorState Gazette act 23484882 (28-12-2023)Current28-12-2023 → present
-
de CATERS Edouard Loïc Charles MarieDirectorState Gazette act 23484882 (28-12-2023)Current28-12-2023 → present
-
de CATERS JacquesDirectorState Gazette act 23484882 (28-12-2023)Current28-12-2023 → present
-
PAREDES RIBADENEIRA MariaDirectorState Gazette act 23484882 (28-12-2023)Current28-12-2023 → present
Former directors (2)
-
de CATERS Jacques Emmanuel Raymond Stéphan MarieDirectorState Gazette act 23484882 (28-12-2023)Former- → 28-12-2023
-
PAREDES RIBADENEIRA Maria DoloresDirectorState Gazette act 23484882 (28-12-2023)Former- → 28-12-2023
Legal Structure
| NACE primary | Retail sale of antiques(47791) |
| Legal form | Public limited company(014) |
| Incorporation | 24-06-1993 |
| Status | Active |
| Postal code | 1000 |
Establishment units
Watteeustraat 19, 1000 Brussel
since 19932.064.018.260
Minimenstraat 23, 1000 Brussel
since 20012.294.188.273
Real-estate footprint
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21808H1232/00F000 | Brussels | 442 m² | 1 · 444 m² | 28.2 m · 3 fl. |
| 21808H1201/00F000 | Brussels | 92 m² | 1 · 99 m² | 20.1 m · 5 fl. |
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates
Next filing, fiscal year 2026, expected by
2026
29-04
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
23-05
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 23 days late
2024
04-04
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
28-12
State Gazette act
Director changes
v3.2
30-09
Financial
Weakest financial yearnet €12k ▼95.8%
Net result drops to €12k, the lowest in the series; recovery starts the following year.
28-04
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
29-04
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
30-04
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
04-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 35 days late
2019
29-03
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
28-03
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
02-03
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
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.
Belgisch Staatsblad, acts
All acts · 1
updated 2 years ago
2023
28-12-2023 4 directors appointed, 2 resigning
- de CATERS Jacques, Bestuurder
- PAREDES RIBADENEIRA Maria, Bestuurder
- de CATERS Edouard Loïc Charles Marie, Bestuurder
- de CATERS Andrea Rozenn Diego Marie, Bestuurder
- de CATERS Jacques Emmanuel Raymond Stéphan Marie, Bestuurder
- PAREDES RIBADENEIRA Maria Dolores, Bestuurder
Summary:
v3.2
Technical details
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"events": [
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"kind": "director_out",
"role": "administrateur",
"person": {
"rrn": null,
"name": "de CATERS Jacques Emmanuel Raymond St\u00E9phan Marie",
"address": null,
"birth_date": null
}
},
{
"kind": "director_out",
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}
},
{
"kind": "director_in",
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{
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},
{
"kind": "director_in",
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"person": {
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}
},
{
"kind": "director_in",
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"person": {
"rrn": null,
"name": "de CATERS Andrea Rozenn Diego Marie",
"address": null,
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}
}
],
"schema": "v3.2",
"act_meta": {
"extractor": "qwen3-30b-a3b"
},
"subject_company": {
"kbo": "0450.378.918",
"name_full": "DEMI - LUNE"
}
}Credit advice
Company registry (CBE)
Activities
Retail sale of antiques47791
Names & trade names
| Legal nameFR | DEMI - LUNE |
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