Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 3 of the last 4 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 6 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Demaar from Ardooie, company number BE0445796063, closed financial year 2025 with a result of € -34,354 after tax. For that financial year Demaar recorded a gross margin of € -19,726 and equity of € -6,173. Compared with financial year 2024, the result moved from € 37,296 to € -34,354. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 31, 2026.
€ -6,173
▼ € 34,355 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -34,354
▼ still € 37,296 profit in 2024
Profit after tax over the fiscal year.
€ 3,533
▼ 91% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -182,082.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 614
▼ 98% vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 7,708 | € 19,853 | € 52,868 | € -19,726 | ▼ € 72,594 |
| Profit after taxes | € -16,515 | € -4,043 | € 37,296 | € -34,354 | ▼ € 71,651 |
| Equity | € -5,072 | € -9,115 | € 28,181 | € -6,173 | ▼ € 34,355 |
| Total debts | € 127,243 | € 131,341 | € 89,574 | € 74,194 | ▼ 17% |
| Cash | € 2,596 | € 16,793 | € 39,179 | € 3,533 | ▼ 91% |
| Land & buildings | € 65,561 | € 51,965 | € 39,954 | € 28,208 | ▼ 29% |
| Retained profit | € -180,981 | € -185,024 | € -147,728 | € -182,082 | ▼ € 34,355 |
| Bank debt | € 21,467 | € 10,267 | € 0 | € 0 | |
| Balance sheet total | € 122,171 | € 122,226 | € 117,755 | € 68,021 | ▼ 42% |
Key figures of Demaar, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to Demaar?
What happened at Demaar in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Elke De Mûelenaere stepped down as director. NBB
- Jan De Mûelenaere stepped down as director. NBB
- Marylène Masselin stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 34,355 (▼ € 71,651 vs 2024). filed late Source: NBB ↗
- Elke De Mûelenaere became a director. NBB
- Jan De Mûelenaere became a director. NBB
- Marylène Masselin became a director. NBB
- New establishment in Ardooie. KBO
In short
From € 16,515 loss in 2022 to € 34,355 loss in 2025.
Best year ever: 2024, with € 37,296 profit.
Management
Directors
According to the 2025 annual accounts
Elke De Mûelenaere
Director
since 2022 · until 2028
Jan De Mûelenaere
Director
since 2022 · until 2028
Marylène Masselin
Director
since 2022 · until 2028
Establishments
Establishment units
Physical locations of this company
Holdestraat 17
8851 Ardooie
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0445.796.063
- VAT number
- BE 0445.796.063
- Registered office
- Holdestraat 17, 8851 Ardooie
- Names & denominations
- Demaar
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 22 November 1991
- Peppol
- Active · Active since 6 Mar 2025
- Activities · NACE
Fokvarkenshouderijen
Fokvarkenshouderij