DEMOCONSTRUCT
ActiveSummary
DEMOCONSTRUCT has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €515k and a net result of €74k. Equity remains stable across the filed fiscal years (±0.3% per year). Its solvency ranks better than 77% of 9982 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability81▲+1
Solvency93▲+3
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity ample (current ratio 3.05 against 3.13 in 2023; short-term debt: 15.1% and cash: 13.1% of total assets), and 32.3% of the assets are financed with debt.
Credit check 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
Construction of residential and non-residential buildings (NACE 41)
about 67% more bankruptcies
← 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 · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €515k
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 02-07-2025, 29 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
29 d early
2023
22 d early
2022
13 d early
2021
30 d early
2020
22 d early
2019
30 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€515k▲ 14.6%
2023 · €449k
2018: €469k
2019: €523k▲ +11.5% vs 2018highest in 7 years
2020: €474k▼ -9.5% vs 2019
2021: €350k▼ -26.1% vs 2020lowest in 7 years
2022: €385k▲ +10.2% vs 2021
2023: €449k▲ +16.5% vs 2022
2024: €515k▲ +14.6% vs 2023
2018 → 2024
Total assets
€761k▲ 10.1%
2023 · €691k
2018: €862k
2019: €889k▲ +3.1% vs 2018highest in 7 years
2020: €886k▼ -0.3% vs 2019
2021: €680k▼ -23.2% vs 2020lowest in 7 years
2022: €755k▲ +11.1% vs 2021
2023: €691k▼ -8.5% vs 2022
2024: €761k▲ +10.1% vs 2023
2018 → 2024
Net result
€74k▲ 16.2%
2023 · €64k
2018: €8k
2019: €54k▲ +544% vs 2018
2020: €-50k▼ -192% vs 2019lowest in 7 years
2021: €80k▲ +260% vs 2020
2022: €86k▲ +7.4% vs 2021highest in 7 years
2023: €64k▼ -25.5% vs 2022
2024: €74k▲ +16.2% vs 2023
2018 → 2024
Working capital
€235k▲ 27.8%
2023 · €184k
2018: €247k
2019: €258k▲ +4.5% vs 2018highest in 7 years
2020: €228k▼ -11.7% vs 2019
2021: €118k▼ -48.1% vs 2020lowest in 7 years
2022: €131k▲ +10.5% vs 2021
2023: €184k▲ +40.6% vs 2022
2024: €235k▲ +27.8% vs 2023
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€474k-€350k▼ 26.1%€385k▲ 10.2%€449k▲ 16.5%€515k▲ 14.6%
2020: €474k
2021: €350k▼ -26.1% vs 2020lowest in 5 years
2022: €385k▲ +10.2% vs 2021
2023: €449k▲ +16.5% vs 2022
2024: €515k▲ +14.6% vs 2023highest in 5 years
Operating result€-47k-€101k€127k▲ 25.4%€102k▼ 19.7%€111k▲ 8.9%
2020: €-47klowest in 5 years
2021: €101k▲ +314% vs 2020
2022: €127k▲ +25.4% vs 2021highest in 5 years
2023: €102k▼ -19.7% vs 2022
2024: €111k▲ +8.9% vs 2023
Net result€-50k-€80k€86k▲ 7.4%€64k▼ 25.5%€74k▲ 16.2%
2020: €-50klowest in 5 years
2021: €80k▲ +260% vs 2020
2022: €86k▲ +7.4% vs 2021highest in 5 years
2023: €64k▼ -25.5% vs 2022
2024: €74k▲ +16.2% vs 2023
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 2024; 2024 is 9% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €761k
Fixed assets
€411k ▼ 2.3%
Current assets
€350k ▲ 29.4%
Equity and liabilities €761k
Equity
€515k ▲ 14.6%
Debt
€246k ▲ 1.7%
Debt's share of the balance-sheet total falls from 35.0% to 32.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€142k▲
2023 · €140k
Cash flow
€104k▲
2023 · €102k
Current ratio
3.05▼
2023 · 3.13
Quick ratio
2.96▼
2023 · 3.13
Debt to equity
0.48▼
2023 · 0.54
ROE
14.4%▲
2023 · 14.2%
ROA
9.7%▲
2023 · 9.2%
Interest coverage
13.73▲
2023 · 11.17
Debt ≤ 1 year
€115k▲
2023 · €87k
Debt > 1 year
€119k▼
2023 · €150k
Income taxes
€31k▲
2023 · €27k
Staff costs
€105k▼
2023 · €106k
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 · 61 lines
Balance sheet
Code20232024
Assets
Total assets20/58€691k€761k▲
Fixed assets21/28€421k€411k▼
Tangible fixed assets22/27€421k€411k▼
Land and buildings22€378k€369k▼
Plant, machinery and equipment23€27k€20k▼
Furniture and vehicles24€16k€22k▲
Current assets29/58€270k€350k▲
Stocks and contracts in progress3€0€10k▲
Stocks30/36€0€10k▲
Amounts receivable within one year40/41€134k€60k▼
Trade receivables40€67k€8k▼
Other amounts receivable41€67k€52k▼
Current investments50/53-€50k
Cash at bank and in hand54/58€126k€99k▼
Deferred charges and accrued income490/1€10k€130k▲
Equity and liabilities
Total equity and liabilities10/49€691k€761k▲
Equity10/15€449k€515k▲
Contributions10/11€19k€19k=
Reserves13€431k€496k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€0-
Other1319€2k€2k=
Tax-exempt reserves132€0-
Distributable reserves133€429k€494k▲
Profit (loss) carried forward14€0€0=
Provisions and deferred taxes16€0-
Deferred taxes168€0-
Amounts payable17/49€242k€246k▲
Amounts payable after more than one year17€150k€119k▼
Financial debts170/4€150k€119k▼
Amounts payable within one year42/48€87k€115k▲
Current portion of amounts payable after more than one year42€32k€32k=
Trade debts44€45k€64k▲
Suppliers440/4€45k€64k▲
Taxes, remuneration and social security45€10k€19k▲
Taxes450/3€7k€14k▲
Remuneration and social security454/9€3k€5k▲
Other amounts payable47/48€0-
Accrued charges and deferred income492/3€5k€13k▲
Income statement
Code20232024
Remuneration, social security and pensions62€106k€105k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€38k€30k▼
Other operating charges640/8€6k€6k▲
Gross operating margin9900€251k€252k▲
Operating profit (loss)9901€102k€111k▲
Financial income75/76B€332€4k▲
Recurring financial income75€332€4k▲
Financial charges65/66B€13k€10k▼
Recurring financial charges65€13k€10k▼
Profit (loss) for the period before taxes9903€90k€105k▲
Transfer from deferred taxes780€223€0▼
Income taxes67/77€27k€31k▲
Profit (loss) for the period9904€64k€74k▲
Transfer from tax-exempt reserves789€891€0▼
Profit (loss) for the period to be appropriated9905€65k€74k▲
Appropriation of the result
Profit (loss) to be appropriated9906€83k€74k▼
Profit (loss) brought forward from the previous period14P€18k€0▼
Transfer from equity791/2€0€8k▲
Transfer to equity691/2€83k€74k▼
To other reserves6921€83k€74k▼
Profit to be distributed694/7€0€8k▲
Return on contributions (dividend)694€0€8k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €96k | €110k | €106k | €105k | ▼ 0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €57k | €51k | €38k | €38k | €30k | ▼ 19.8% |
| Other operating charges640/8 | - | €7k | €6k | €6k | €6k | ▲ 4.5% |
| Gross operating margin9900 | €93k | €256k | €281k | €251k | €252k | ▲ 0.4% |
| Operating profit (loss)9901 | €-47k | €101k | €127k | €102k | €111k | ▲ 8.9% |
| Financial income75/76B | - | €2k | €0 | €332 | €4k | ▲ 1,185% |
| Recurring financial income75 | €2k | €2k | €0 | €332 | €4k | ▲ 1,185% |
| Financial charges65/66B | - | €5k | €8k | €13k | €10k | ▼ 17.7% |
| Recurring financial charges65 | €5k | €5k | €8k | €13k | €10k | ▼ 17.7% |
| Profit (loss) for the period before taxes9903 | €-50k | €99k | €119k | €90k | €105k | ▲ 16.9% |
| Transfer from deferred taxes780 | - | €223 | €223 | €223 | €0 | ▼ 100% |
| Income taxes67/77 | €265 | €20k | €34k | €27k | €31k | ▲ 17.8% |
| Profit (loss) for the period9904 | €-50k | €80k | €86k | €64k | €74k | ▲ 16.2% |
| Transfer from tax-exempt reserves789 | - | €891 | €891 | €891 | €0 | ▼ 100% |
| Profit (loss) for the period to be appropriated9905 | €-49k | €81k | €86k | €65k | €74k | ▲ 14.6% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €886k | €680k | €755k | €691k | €761k | ▲ 10.1% |
| Fixed assets21/28 | €493k | €447k | €439k | €421k | €411k | ▼ 2.3% |
| Tangible fixed assets22/27 | €493k | €447k | €439k | €421k | €411k | ▼ 2.3% |
| Land and buildings22 | - | €409k | €394k | €378k | €369k | ▼ 2.5% |
| Plant, machinery and equipment23 | - | €29k | €39k | €27k | €20k | ▼ 24.2% |
| Furniture and vehicles24 | - | €9k | €5k | €16k | €22k | ▲ 41.2% |
| Current assets29/58 | €393k | €233k | €317k | €270k | €350k | ▲ 29.4% |
| Stocks and contracts in progress3 | - | - | €50k | €0 | €10k | - |
| Stocks30/36 | - | - | €50k | €0 | €10k | - |
| Amounts receivable within one year40/41 | €93k | €81k | €42k | €134k | €60k | ▼ 55.2% |
| Trade receivables40 | - | €67k | €17k | €67k | €8k | ▼ 88.0% |
| Other amounts receivable41 | - | €14k | €26k | €67k | €52k | ▼ 22.4% |
| Current investments50/53 | - | - | - | - | €50k | - |
| Cash at bank and in hand54/58 | €164k | €146k | €201k | €126k | €99k | ▼ 21.4% |
| Deferred charges and accrued income490/1 | - | €5k | €23k | €10k | €130k | ▲ 1,218% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €886k | €680k | €755k | €691k | €761k | ▲ 10.1% |
| Equity10/15 | €474k | €350k | €385k | €449k | €515k | ▲ 14.6% |
| Contributions10/11 | - | €19k | €19k | €19k | €19k | = |
| Reserves13 | €437k | €313k | €349k | €431k | €496k | ▲ 15.3% |
| Non-distributable reserves130/1 | - | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | - | €2k | €2k | €0 | - | - |
| Other1319 | - | - | - | €2k | €2k | = |
| Tax-exempt reserves132 | - | €2k | €891 | €0 | - | - |
| Distributable reserves133 | - | €310k | €346k | €429k | €494k | ▲ 15.3% |
| Profit (loss) carried forward14 | €18k | €18k | €18k | €0 | €0 | - |
| Provisions and deferred taxes16 | €668 | €445 | €223 | €0 | - | - |
| Deferred taxes168 | - | €445 | €223 | €0 | - | - |
| Amounts payable17/49 | €412k | €330k | €370k | €242k | €246k | ▲ 1.7% |
| Amounts payable after more than one year17 | €245k | €214k | €182k | €150k | €119k | ▼ 21.1% |
| Financial debts170/4 | - | €214k | €182k | €150k | €119k | ▼ 21.1% |
| Amounts payable within one year42/48 | €165k | €114k | €186k | €87k | €115k | ▲ 32.7% |
| Current portion of amounts payable after more than one year42 | - | €32k | €32k | €32k | €32k | = |
| Trade debts44 | €87k | €15k | €90k | €45k | €64k | ▲ 41.9% |
| Suppliers440/4 | - | €15k | €90k | €45k | €64k | ▲ 41.9% |
| Taxes, remuneration and social security45 | - | €12k | €11k | €10k | €19k | ▲ 96.8% |
| Taxes450/3 | - | €9k | €9k | €7k | €14k | ▲ 113% |
| Remuneration and social security454/9 | - | €3k | €2k | €3k | €5k | ▲ 62.4% |
| Other amounts payable47/48 | - | €55k | €54k | €0 | - | - |
| Accrued charges and deferred income492/3 | - | €2k | €2k | €5k | €13k | ▲ 144% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-50k | €80k | €86k | €64k | €74k | ▲ 16.2% |
| + Depreciation and write-downs630 | €57k | €51k | €38k | €38k | €30k | ▼ 19.8% |
| Operating cash flow (approximation) | €7k | €131k | €123k | €102k | €104k | ▲ 2.8% |
| Investment in fixed assets (approximation) | - | €-6k | €-29k | €-20k | €-21k | ▼ 4.0% |
| Change in cash | - | €-18k | €55k | €-75k | €-27k | ▲ 63.7% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Equity above €500kEq €515k ▲14.6%
4 profitable years in a row build equity to €515k.
09-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
18-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €86k ▲7.4%
Operating result €127k, net result €86k, both a record.
01-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €80k
Net result €80k after one loss-making year.
09-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €-50k
Net result drops to €-50k, the lowest in the series; recovery starts the following year.
01-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Equity above €500kEq €523k ▲11.5%
2 profitable years in a row build equity to €523k.
20-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Show earlier events
2018
20-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
21-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
30-06
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.
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, Sint-Martens-Latem · 2 establishment units since 2009
Ground area
3,795 m²
Building footprint
1,254 m²
Volume, LiDAR
1,196 m³
2 parcels, Flanders · tallest building 9.3 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
2 establishment units
DEMOCONSTRUCT
since 20092.180.901.973
Democonstruct
since 20152.249.225.904
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44018A0103/00K000 | Flanders | 2,114 m² | 1 · 1,026 m² | - |
| 44015A0135/00K000 | Flanders | 1,680 m² | 1 · 228 m² | 9.3 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Recognised contractor
9 categoriesDEMOCONSTRUCT BV36250
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Of 2,451 companies in sector 41003 we hold annual accounts for 1,055. 615 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded04-09-2009
Fiscal year end31-12
Activities, NACEBEL 2025
41003General construction of other non-residential buildings
68122Development of non-residential building projects
Scores and ratios are computed by Checked and are not a credit decision.