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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Tight liquidity NBB
Cash and receivables cover 64 % of short-term debt in 2024; threshold 65 %.
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Board fully replaced NBB
No director from three years ago is still active according to annual account 2024.
Financials
Financial year 2024
DEMOFORM from Waregem, company number BE0446795064, closed financial year 2024 with a result of € 18,005 after tax. For that financial year DEMOFORM recorded a gross margin of € 198,671 and equity of € 104,304. Compared with financial year 2023, the result moved from € 20,832 to € 18,005. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 11, 2025.
€ 104,304
▲ 21% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 18,005
▼ 14% vs 2023
Profit after tax over the fiscal year.
Stays in the company
No dividend for 2024. Retained profit grew to € 85,704.
People and assets in 2024
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 151,335
▲ 2% vs 2023
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 26,695
▼ 45% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
€ 55,793
▲ 5% vs 2023
€ 23,705 is repaid this year. At this pace the long-term loan is gone in ≈ 1 years.
€ 41,337
▲ 27% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 15,230
▲ 59% vs 2023
Taxes, VAT and social contributions still to pay.
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| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 153,682 | € 169,330 | € 197,894 | € 198,671 | |
| Profit after taxes | € -4,203 | € 6,570 | € 20,832 | € 18,005 | ▼ 14% |
| Equity | € 158,897 | € 165,467 | € 86,299 | € 104,304 | ▲ 21% |
| Total debts | € 158,433 | € 125,489 | € 198,797 | € 112,360 | ▼ 43% |
| Cash | € 41,264 | € 47,090 | € 32,158 | - | |
| Land & buildings | € 37,893 | € 37,893 | € 37,893 | € 37,893 | |
| Retained profit | € 140,297 | € 146,867 | € 67,699 | € 85,704 | ▲ 27% |
| Dividend | € 0 | € 0 | € 100,000 | € 0 | ▼ 100% |
| Bank debt | € 32,513 | € 80,364 | € 53,142 | € 55,793 | ▲ 5% |
| Balance sheet total | € 317,330 | € 290,956 | € 285,096 | € 216,664 | ▼ 24% |
Key figures of DEMOFORM, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to DEMOFORM?
What happened at DEMOFORM in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: profit of € 18,005 (▼ 14% vs 2023). Source: NBB ↗
- Karel Dekyvere stepped down as director. NBB
- New establishment in Waregem. KBO
- Karel Dekyvere became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 4,203 loss in 2021 to € 18,005 profit in 2024.
Paid € 4,329 in corporate taxes since 2021.
Best year ever: 2023, with € 20,832 profit.
Paid out € 100,000 in dividends to the owners in total.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Directors
According to the 2024 annual accounts
Bart Moerman
Director
Karel Dekyvere
Director
since 1992 · until 2024
Establishments
Establishment units
Physical locations of this company
Nijverheidstraat 146
8791 Waregem
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0446.795.064
- VAT number
- BE 0446.795.064
- Registered office
- Nijverheidstraat 146, 8791 Waregem
- Names & denominations
- DEMOFORM
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 7 March 1992
- Peppol
- Active · Active since 28 Nov 2025
- Activities · NACE
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