Summary
DEMSAR is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €27k and a net result of €2k. Equity is growing by ~71.4% per year across the filed fiscal years. Its solvency ranks better than 64% of 9863 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit check for your own amount and term
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
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 · 5 filingsDeviation from the deadline
2025
not confirmed
2024
29 d early
2023
27 d late
2022
29 d late
2021
29 d late
2020
17 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€27k▲ 0.7%
2023 · €26k
2020: €-11k
2021: €-16k
2022: €9k
2023: €26k
2020 → 2024
Net result
€2k▼ 90.4%
2023 · €19k
2020: €-12k
2021: €-5k
2022: €26k
2023: €19k
2020 → 2024
Total assets
€39k▼ 18.4%
2023 · €47k
2020: €34k
2021: €40k
2022: €41k
2023: €47k
2020 → 2024
Solvency
68.8%▲ 13.1pp
2023 · 55.8%
2020: -31.5%
2021: -39.3%
2022: 21.5%
2023: 55.8%
2020 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€-11k-€-16k▼ 43.8%€9k€26k▲ 200%€27k▲ 0.7%
Operating result€-11k-€-4k▲ 65.9%€31k€29k▼ 6.0%€8k▼ 70.7%
Net result€-12k-€-5k▲ 59.9%€26k€19k▼ 25.9%€2k▼ 90.4%
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 two years in a row; 2024 is 71% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €39k
Fixed assets
€6k ▼ 50.4%
Current assets
€33k ▼ 7.0%
Equity and liabilities €39k
Equity
€27k ▲ 0.7%
Debt
€12k ▼ 42.5%
Debt's share of the balance-sheet total falls from 44.2% to 31.2%. Equity is higher and debt is lower.
Key figures and ratios
ROE
7.0%▼
2023 · 72.9%
ROA
4.8%▼
2023 · 40.7%
Debt ≤ 1 year
€11k▼
2023 · €21k
Income taxes
€4k▼
2023 · €9k
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 · 46 lines
Balance sheet
Code20232024
Assets
Total assets20/58€47k€39k▼
Fixed assets21/28€12k€6k▼
Intangible fixed assets21€10k€5k▼
Tangible fixed assets22/27€2k€1k▼
Furniture and vehicles24€2k€1k▼
Current assets29/58€35k€33k▼
Amounts receivable within one year40/41€18k€18k▼
Trade receivables40€18k€15k▼
Other amounts receivable41€82€3k▲
Cash at bank and in hand54/58€16k€13k▼
Deferred charges and accrued income490/1€1k€2k▲
Equity and liabilities
Total equity and liabilities10/49€47k€39k▼
Equity10/15€26k€27k▲
Contributions10/11€1k€1k=
Reserves13€25k€26k▲
Distributable reserves133€25k€26k▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€21k€12k▼
Amounts payable within one year42/48€21k€11k▼
Financial debts43€132€386▲
Credit institutions430/8€132€386▲
Trade debts44€2k€3k▲
Suppliers440/4€2k€3k▲
Taxes, remuneration and social security45€3k€2k▼
Taxes450/3€2k€592▼
Remuneration and social security454/9€1k€1k=
Other amounts payable47/48€16k€6k▼
Accrued charges and deferred income492/3-€1k
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€6k▲
Other operating charges640/8€499€387▼
Gross operating margin9900€35k€15k▼
Operating profit (loss)9901€29k€8k▼
Financial income75/76B€0€0▲
Recurring financial income75€0€0▲
Financial charges65/66B€940€3k▲
Recurring financial charges65€940€3k▲
Profit (loss) for the period before taxes9903€28k€6k▼
Income taxes67/77€9k€4k▼
Profit (loss) for the period9904€19k€2k▼
Profit (loss) for the period to be appropriated9905€19k€2k▼
Appropriation of the result
Profit (loss) to be appropriated9906€19k€2k▼
Profit (loss) brought forward from the previous period14P€0-
Transfer to equity691/2€18k€192▼
To other reserves6921€18k€192▼
Profit to be distributed694/7€2k€2k=
Return on contributions (dividend)694€2k€2k=
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 27 days late
2023
31-12
Financial
Liquidity doublescurrent ratio 1.67
Current ratio from 0.75 to 1.67; short-term debt falls from €32k to €21k.
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 29 days late
2022
31-12
Financial
Back to profitnet €26k
Net result €26k after 2 loss-making years.
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
17-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 17 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Kortrijk · 1 establishment unit since 2019
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.
Beneluxpark(Kor) 268500 KortrijkGround area
1.1 ha
Building footprint
3,566 m²
Parcel 34354D0456/00A000, Flanders. Linked by address, not a title deed.
1 establishment unit
Demsar
since 20192.293.723.564
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34354D0456/00A000 | Flanders | 1.1 ha | 1 · 3,566 m² | 0.0 m |
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
2023 to 2025 · 2 entries · 2,290 EUR awarded · 2,179 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,181 EUR | 1,181 EUR |
| 2023 | 1 | 1,109 EUR | 998 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 24,725 companies in sector 64210 we hold annual accounts for 19,762. 8,414 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
Founded26-09-2019
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
70200Business and other management consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesWebsite:www.demsar.be
E-mail:dempsey.sablain@demsar.be