DEMOCO
ActiveSummary
DEMOCO has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €12.86M and a net result of €3.19M. Equity is shrinking by ~15.3% per year across the filed fiscal years. Its solvency ranks better than 31% of 1290 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2024
50
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability60▲+47
Solvency43▲+6
Growth32▼-1
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €600k at 30 days acceptable
Liquidity tight (current ratio 1.15 against 1.08 in 2023; short-term debt: 79.2% and cash: 1.4% of total assets), and 81.8% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six 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
Sector 41
higher
← 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 · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
18.2%
Return on assets
4.5%
Age of the figures
21 mo
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 04-06-2025, 57 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
57 d early
2023
20 d early
2022
3 d late
2021
23 d early
2020
36 d early
2019
35 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, full schema
Turnover
€219.05M▼ 2.6%
2023 · €224.88M
2018: €226.66M
2019: €188.70M
2020: €223.32M
2021: €245.77M
2022: €210.91M
2023: €224.88M
2018 → 2024
EBIT margin
1.9%▲ 3.3pp
2023 · -1.4%
2018: 2.7%
2019: 1.2%
2020: 0.1%
2021: 0.2%
2022: -6.0%
2023: -1.4%
2018 → 2024
Net result
€3.19M
2023 · €-5.43M
2018: €3.65M
2019: €1.83M
2020: €19k
2021: €115k
2022: €-12.88M
2023: €-5.43M
2018 → 2024
Working capital
€8.51M▲ 53.8%
2023 · €5.53M
2018: €26.71M
2019: €24.44M
2020: €22.80M
2021: €19.68M
2022: €13.58M
2023: €5.53M
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€223.32M-€245.77M▲ 10.0%€210.91M▼ 14.2%€224.88M▲ 6.6%€219.05M▼ 2.6%
Equity€27.87M-€27.98M▲ 0.4%€15.11M▼ 46.0%€9.67M▼ 36.0%€12.86M▲ 33.0%
Operating result€304k-€578k▲ 90.2%€-12.72M€-3.21M▲ 74.8%€4.11M
Net result€19k-€115k▲ 494%€-12.88M€-5.43M▲ 57.8%€3.19M
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €4.11M after a loss of €3.21M in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €70.78M
Fixed assets
€6.23M ▲ 29.3%
Current assets
€64.55M ▼ 15.6%
Equity and liabilities €70.78M
Equity
€12.86M ▲ 33.0%
Provisions
€1.03M ▲ 557%
Debt
€56.89M ▼ 20.4%
Debt's share of the balance-sheet total falls from 87.9% to 80.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€5.59M▲
2023 · €-1.41M
Cash flow
€4.67M▲
2023 · €-3.64M
Current ratio
1.15▲
2023 · 1.08
Quick ratio
1.04▲
2023 · 0.96
Debt to equity
4.42▼
2023 · 7.39
ROE
24.8%▲
2023 · -56.2%
ROA
4.5%▲
2023 · -6.7%
Interest coverage
13.62▲
2023 · -5.49
Debt ≤ 1 year
€56.04M▼
2023 · €70.96M
Income taxes
€678k▲
2023 · €41k
Staff costs
€22.52M▼
2023 · €23.12M
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 · 93 lines
Balance sheet
Code20232024
Assets
Total assets20/58€81.31M€70.78M▼
Formation expenses20€0€0=
Fixed assets21/28€4.82M€6.23M▲
Intangible fixed assets21€64k€61k▼
Tangible fixed assets22/27€2.98M€2.25M▼
Land and buildings22€718k€654k▼
Plant, machinery and equipment23€1.73M€1.32M▼
Furniture and vehicles24€480k€275k▼
Assets under construction and advance payments27€44k-
Financial fixed assets28€1.78M€3.92M▲
Affiliated companies280/1€769k€769k=
Participating interests280€448k€448k=
Amounts receivable281€320k€320k=
Other financial fixed assets284/8€1.01M€3.15M▲
Shares284€130k€130k=
Amounts receivable and cash guarantees285/8€879k€3.02M▲
Current assets29/58€76.49M€64.55M▼
Amounts receivable after more than one year29€109k€109k=
Other amounts receivable291€109k€109k=
Stocks and contracts in progress3€8.42M€6.30M▼
Stocks30/36€651k€606k▼
Raw materials and consumables30/31€607k€562k▼
Property held for sale35€43k€43k=
Contracts in progress37€7.76M€5.69M▼
Amounts receivable within one year40/41€66.09M€56.17M▼
Trade receivables40€54.74M€41.77M▼
Other amounts receivable41€11.35M€14.40M▲
Current investments50/53€575k€588k▲
Other investments51/53€575k€588k▲
Cash at bank and in hand54/58€947k€1.02M▲
Deferred charges and accrued income490/1€348k€370k▲
Equity and liabilities
Total equity and liabilities10/49€81.31M€70.78M▼
Equity10/15€9.67M€12.86M▲
Contributions10/11€5.00M€5.00M=
Capital10€5.00M€5.00M=
Issued capital100€5.00M€5.00M=
Reserves13€2.34M€2.34M=
Non-distributable reserves130/1€524k€524k=
Legal reserve130€500k€500k=
Reserves not available under the articles1311€24k€24k=
Tax-exempt reserves132€732k€732k=
Distributable reserves133€1.09M€1.09M=
Profit (loss) carried forward14€2.33M€5.52M▲
Provisions and deferred taxes16€156k€1.03M▲
Provisions for liabilities and charges160/5€156k€1.03M▲
Other liabilities and charges164/5€156k€1.03M▲
Amounts payable17/49€71.48M€56.89M▼
Amounts payable within one year42/48€70.96M€56.04M▼
Trade debts44€45.68M€41.41M▼
Suppliers440/4€45.68M€41.41M▼
Advances received on contracts in progress46€17.43M€5.38M▼
Taxes, remuneration and social security45€3.25M€4.34M▲
Taxes450/3€557k€1.47M▲
Remuneration and social security454/9€2.70M€2.87M▲
Other amounts payable47/48€4.59M€4.91M▲
Accrued charges and deferred income492/3€523k€853k▲
Income statement
Code20232024
Operating income70/76A€230.11M€220.36M▼
Turnover70€224.88M€219.05M▼
Change in stocks of work in progress, finished goods and contracts in progress71€1.62M€-2.08M▼
Other operating income74€3.19M€3.05M▼
Non-recurring operating income76A€414k€333k▼
Operating charges60/66A€233.31M€216.25M▼
Goods for resale, raw materials and consumables60€196.83M€171.73M▼
Purchases600/8€196.88M€171.69M▼
Change in stocks: decrease (increase)609€-55k€45k▲
Services and other goods61€14.93M€19.23M▲
Remuneration, social security and pensions62€23.12M€22.52M▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1.80M€1.48M▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€801k-
Provisions for liabilities and charges: additions (uses and reversals)635/8€-4.59M€869k▲
Other operating charges640/8€424k€417k▼
Non-recurring operating charges66A€532€595▲
Operating profit (loss)9901€-3.21M€4.11M▲
Financial income75/76B€389k€559k▲
Recurring financial income75€388k€559k▲
Income from financial fixed assets750€36k€183k▲
Income from current assets751€254k€233k▼
Other financial income752/9€98k€143k▲
Non-recurring financial income76B€519-
Financial charges65/66B€2.58M€798k▼
Recurring financial charges65€642k€798k▲
Debt charges650€256k€410k▲
Other financial charges652/9€386k€388k▲
Non-recurring financial charges66B€1.93M-
Profit (loss) for the period before taxes9903€-5.39M€3.87M▲
Income taxes67/77€41k€678k▲
Taxes670/3€44k€678k▲
Tax adjustments and reversals of tax provisions77€2k€60▼
Profit (loss) for the period9904€-5.43M€3.19M▲
Profit (loss) for the period to be appropriated9905€-5.43M€3.19M▲
Appropriation of the result
Profit (loss) to be appropriated9906€2.33M€5.52M▲
Profit (loss) brought forward from the previous period14P€7.76M€2.33M▼
Social balance
Average headcount (FTE)9087291.5268.6▼
The notes to these accounts (74 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2026
27-08
State Gazette act
Reappointment: Democo Group NV (director)Permanent representatives: Philip Demot, Sarah Houben and 3 others12 facts ▸
State Gazette act
Reappointment: Democo Group NV (director)
Permanent representatives: Philip Demot, Sarah Houben and 3 others12 facts ▸
- General meeting, 12-06-2026
- Director reappointment, Democo Group NV (director)
- Permanent representative, Philip Demot
- Board composition, Democo Group NV (director)
- Board composition, Sarkri NV (director)
- Permanent representative, Sarah Houben
- Board composition, TDevelopment BV (director)
- Permanent representative, Thibaud Demot
- Board composition, Rafine BV (director)
- Permanent representative, Raf Houben
- Board composition, ArNaSa BV (director)
- Permanent representative, Jochen Willen
04-03
State Gazette act
Resignation: MaLiBe BV (director)Permanent representatives: Philip Demot, Sarah Houben and 3 others12 facts ▸
State Gazette act
Resignation: MaLiBe BV (director)
Permanent representatives: Philip Demot, Sarah Houben and 3 others12 facts ▸
- General meeting, 17-12-2025
- Director resignation, MaLiBe BV (director)
- Board composition, Democo Group NV (director)
- Permanent representative, Philip Demot
- Board composition, Sarkri BV (director)
- Permanent representative, Sarah Houben
- Board composition, TDevelopment BV (director)
- Permanent representative, Thibaud Demot
- Board composition, Rafine BV (director)
- Permanent representative, Raf Houben
- Board composition, ArNaSa BV (director)
- Permanent representative, Jochen Willen
2025
17-10
State Gazette act
Appointment: BDO Bedrijfsrevisoren (statutory auditor)Mandate compensation · Shareholder5 facts ▸
State Gazette act
Appointment: BDO Bedrijfsrevisoren (statutory auditor)
Mandate compensation · Shareholder5 facts ▸
- General meeting, 24-06-2025
- Auditor appointment, BDO Bedrijfsrevisoren (statutory auditor)
- Mandate compensation, BDO Bedrijfsrevisoren
- Shareholder, TDevelopment BV
- Shareholder, MaLiBe BV
04-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
14-03
State Gazette act
Appointment: ArNaSa BV (director)Permanent representatives: Jochen Willen, Philip Demot and 4 others · Power of attorney31 facts ▸
State Gazette act
Appointment: ArNaSa BV (director)
Permanent representatives: Jochen Willen, Philip Demot and 4 others · Power of attorney31 facts ▸
- General meeting, 11-02-2025
- Director appointment, ArNaSa BV (director)
- Permanent representative, Jochen Willen
- Board composition, Democo Group NV (director)
- Permanent representative, Philip Demot
- Board composition, Sarkri BV (director)
- Permanent representative, Sarah Houben
- Board composition, MaLiBe BV (director)
- Permanent representative, Johan Van Den Broeck
- Board composition, TDevelopment BV (director)
- Permanent representative, Thibaud Demot
- Board composition, Rafine BV (director)
- +19 further facts in this act
2024
31-12
Financial
Back to profitnet €3.19M
Net result €3.19M after 2 loss-making years.
31-12
Financial
Equity above €10MEq €12.86M ▲33%
Equity rises from €9.67M to €12.86M.
09-09
State Gazette act
Resignation: Tiga-R NV (director)Permanent representatives: Rudy Houben, Raf Houben and 4 others · Appointment: Rafine BV (director)15 facts ▸
State Gazette act
Resignation: Tiga-R NV (director)
Permanent representatives: Rudy Houben, Raf Houben and 4 others · Appointment: Rafine BV (director)15 facts ▸
- General meeting, 10-07-2024
- Director resignation, Tiga-R NV (director)
- Permanent representative, Rudy Houben
- Director appointment, Rafine BV (director)
- Permanent representative, Raf Houben
- Board composition, Democo Group NV (director)
- Permanent representative, Philip Demot
- Board composition, Sarkri BV (director)
- Permanent representative, Sarah Houben
- Board composition, MaLiBe BV (director)
- Permanent representative, Johan Van Den Broeck
- Board composition, TDevelopment BV (director)
- +3 further facts in this act
11-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
26-06
State Gazette act
Resignation: FBConstruct BV (director)Permanent representatives: Philip Demot, Rudy Houben and 4 others · Director discharge15 facts ▸
State Gazette act
Resignation: FBConstruct BV (director)
Permanent representatives: Philip Demot, Rudy Houben and 4 others · Director discharge15 facts ▸
- General meeting, 05-03-2024
- Director resignation, FBConstruct BV (director)
- Board composition, Democo Group NV (director)
- Permanent representative, Philip Demot
- Board composition, Tiga-R NV (director)
- Permanent representative, Rudy Houben
- Board composition, Sarkri BV (director)
- Permanent representative, Sarah Houben
- Board composition, MaLiBe BV (director)
- Permanent representative, Johan Van Den Broeck
- Board composition, TDevelopment BV (director)
- Permanent representative, Thibaud Demot
- +3 further facts in this act
13-03
State Gazette act
Statutes amendmentCapital · Power of attorney5 facts ▸
State Gazette act
Statutes amendment
Capital · Power of attorney5 facts ▸
- General meeting, 27/12/2023
- Statutes amendment
- Statutes amendment
- Capital, €5.000.000
- Power of attorney, BAPTIST Annelies
2023
23-11
State Gazette act
Permanent representatives: Sarah Houben, Rudy Houben and Johan Van den BroeckPermanent representative cessation5 facts ▸
State Gazette act
Permanent representatives: Sarah Houben, Rudy Houben and Johan Van den Broeck
Permanent representative cessation5 facts ▸
- General meeting, 03-08-2023
- Permanent representative, Sarah Houben
- Permanent representative cessation, 04-08-2023
- Permanent representative, Rudy Houben
- Permanent representative, Johan Van den Broeck
Show earlier events
03-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 3 days late
12-07
State Gazette act
Permanent representatives: Bijnens Frederik and Demot PhilipShare transfer · Sole shareholder4 facts ▸
State Gazette act
Permanent representatives: Bijnens Frederik and Demot Philip
Share transfer · Sole shareholder4 facts ▸
- Share transfer, previous shareholder of DEMOCO, not named → DEMOCO GROUP
- Permanent representative, Bijnens Frederik
- Permanent representative, Demot Philip
- Sole shareholder, enige aandeelhouder
10-03
State Gazette act
Resignations & appointmentsPower of attorney2 facts ▸
State Gazette act
Resignations & appointments
Power of attorney2 facts ▸
- Board meeting, 13-02-2023
- Power of attorney
2022
31-12
Financial
Weakest financial yearnet €-12.88M ▼11323%
Net result drops to €-12.88M, the lowest in the series; recovery starts the following year.
12-09
State Gazette act
Reappointments: FB Construct BV (director) and BDO Bedrijfsrevisoren BV (statutory auditor)Permanent representatives: Frederik Bijnens, Philip Demot and 4 others · Appointment: FB Construct BV (managing director)17 facts ▸
State Gazette act
Reappointments: FB Construct BV (director) and BDO Bedrijfsrevisoren BV (statutory auditor)
Permanent representatives: Frederik Bijnens, Philip Demot and 4 others · Appointment: FB Construct BV (managing director)17 facts ▸
- General meeting, 22-06-2022
- Director reappointment, FB Construct BV (director)
- Permanent representative, Frederik Bijnens
- Auditor reappointment, BDO Bedrijfsrevisoren BV
- Board meeting, 22-06-2022
- Director appointment, FB Construct BV (managing director)
- Board composition, FB Construct BV (managing director)
- Board composition, Democo Group NV (director)
- Board composition, Tiga-R NV (director)
- Board composition, Sarkri NV (director)
- Board composition, TDevelopment NV (director)
- Board composition, MaLiBe BV (director)
- +5 further facts in this act
08-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
12-04
State Gazette act
Resignations: Rudy Houben, Ronny Houben and Thibaud DemotAppointments: Tiga-R NV, Sarkri NV and 2 others · Permanent representatives: Rudy Houben, Ronny Houben and 4 others20 facts ▸
State Gazette act
Resignations: Rudy Houben, Ronny Houben and Thibaud Demot
Appointments: Tiga-R NV, Sarkri NV and 2 others · Permanent representatives: Rudy Houben, Ronny Houben and 4 others20 facts ▸
- General meeting, 21-02-2022
- Director resignation, Rudy Houben (director)
- Director resignation, Ronny Houben (director)
- Director resignation, Thibaud Demot (director)
- Director appointment, Tiga-R NV (director)
- Permanent representative, Rudy Houben
- Director appointment, Sarkri NV (director)
- Permanent representative, Ronny Houben
- Director appointment, TDevelopment BV (director)
- Permanent representative, Thibaud Demot
- Director appointment, MaLiBe BV (director)
- Permanent representative, Johannes Van Den Broeck
- +8 further facts in this act
2021
14-07
State Gazette act
Appointments: FBConstruct BV (managing director) and Thibaud Demot (director)Permanent representatives: Frederik Bijnens and Philip Demot · Resignations: Rudy Houben, Democo Group NV and 2 others15 facts ▸
State Gazette act
Appointments: FBConstruct BV (managing director) and Thibaud Demot (director)
Permanent representatives: Frederik Bijnens and Philip Demot · Resignations: Rudy Houben, Democo Group NV and 2 others15 facts ▸
- Board meeting, 26-04-2021
- Director appointment, FBConstruct BV (managing director)
- Permanent representative, Frederik Bijnens
- Director resignation, Rudy Houben (managing director)
- Director resignation, Democo Group NV (managing director)
- Permanent representative, Philip Demot
- General meeting, 26-05-2021
- Director resignation, Michel Demot (director)
- Director resignation, Danielle Demot (director)
- Director appointment, Thibaud Demot (director)
- Board composition, FBConstruct BV (managing director)
- Board composition, Democo Group NV (director)
- +3 further facts in this act
25-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
08-07
State Gazette act
Reappointments: Rudy Houben, Democo Group nv and Daniëlle DemotPermanent representative: Philip Demot · Ratification10 facts ▸
State Gazette act
Reappointments: Rudy Houben, Democo Group nv and Daniëlle Demot
Permanent representative: Philip Demot · Ratification10 facts ▸
- Board meeting, 27-04-2020
- Director reappointment, Rudy Houben (managing director)
- Director reappointment, Democo Group nv (managing director)
- Permanent representative, Philip Demot
- General meeting, 27-05-2020
- Director reappointment, Rudy Houben (director)
- Director reappointment, Daniëlle Demot (director)
- Director reappointment, Democo Group nv (director)
- Ratification, ratification of all legal acts performed as gedelegeerd bestuurder up to the present
- Ratification, ratification of all legal acts performed as gedelegeerd bestuurder up to the present
26-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
10-01
State Gazette act
Resignation: Philip Demot (director)Permanent representative: Philip Demot · Power of attorney5 facts ▸
State Gazette act
Resignation: Philip Demot (director)
Permanent representative: Philip Demot · Power of attorney5 facts ▸
- General meeting, 16-12-2019
- Director resignation, Philip Demot (director)
- Permanent representative, Philip Demot
- Power of attorney, Eubelius CVBA
- Power of attorney, Eubelius CVBA
2019
05-12
State Gazette act
Reappointment: BDO Bedrijfsrevisoren CVBA (statutory auditor)Permanent representative: Philip Demot3 facts ▸
State Gazette act
Reappointment: BDO Bedrijfsrevisoren CVBA (statutory auditor)
Permanent representative: Philip Demot3 facts ▸
- General meeting, 24-10-2019
- Auditor reappointment, BDO Bedrijfsrevisoren CVBA
- Permanent representative, Philip Demot
26-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
04-10
State Gazette act
Reappointments: Demot Michel (director) and Houben Ronny (director)Appointments: Rudy Houben (gedelegeerd bestuurder) and Democo Group nv (gedelegeerd bestuurder) · Permanent representative: Philip Demot6 facts ▸
State Gazette act
Reappointments: Demot Michel (director) and Houben Ronny (director)
Appointments: Rudy Houben (gedelegeerd bestuurder) and Democo Group nv (gedelegeerd bestuurder) · Permanent representative: Philip Demot6 facts ▸
- General meeting, 30-05-2018
- Director reappointment, Demot Michel (director)
- Director reappointment, Houben Ronny (director)
- Director appointment, Rudy Houben (gedelegeerd bestuurder)
- Director appointment, Democo Group nv (gedelegeerd bestuurder)
- Permanent representative, Philip Demot
27-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
13-02
State Gazette act
Resignation: KPMG Bedrijfsrevisoren (statutory auditor)Appointment: BDO Bedrijfsrevisoren (statutory auditor) · Permanent representative: Michel Demot · Director discharge5 facts ▸
State Gazette act
Resignation: KPMG Bedrijfsrevisoren (statutory auditor)
Appointment: BDO Bedrijfsrevisoren (statutory auditor) · Permanent representative: Michel Demot · Director discharge5 facts ▸
- General meeting, 28-04-2017
- Director resignation, KPMG Bedrijfsrevisoren (statutory auditor)
- Director discharge, KPMG Bedrijfsrevisoren
- Director appointment, BDO Bedrijfsrevisoren (statutory auditor)
- Permanent representative, Michel Demot
2017
26-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
21-10
State Gazette act
Appointment: FBCONSTRUCT BVBA (director)Permanent representative: Frederik Bijnens3 facts ▸
State Gazette act
Appointment: FBCONSTRUCT BVBA (director)
Permanent representative: Frederik Bijnens3 facts ▸
- General meeting, 25-05-2016
- Director appointment, FBCONSTRUCT BVBA (director)
- Permanent representative, Frederik Bijnens
09-08
State Gazette act
Reappointment: FB Construct bvba (director)Permanent representative: Frederik Bijnens3 facts ▸
State Gazette act
Reappointment: FB Construct bvba (director)
Permanent representative: Frederik Bijnens3 facts ▸
- Board meeting, 22/04/2016
- Director reappointment, FB Construct bvba (director)
- Permanent representative, Frederik Bijnens
10-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2015
18-11
State Gazette act
Reappointments: NV Democo Group (gedelegeerd bestuurder) and Rudy Houben (gedelegeerd bestuurder)Permanent representative: Philip Demot4 facts ▸
State Gazette act
Reappointments: NV Democo Group (gedelegeerd bestuurder) and Rudy Houben (gedelegeerd bestuurder)
Permanent representative: Philip Demot4 facts ▸
- Board meeting, 27-05-2015
- Director reappointment, NV Democo Group (gedelegeerd bestuurder)
- Permanent representative, Philip Demot
- Director reappointment, Rudy Houben (gedelegeerd bestuurder)
25-09
State Gazette act
Appointment: NV Democo Group (gedelegeerd bestuurder)Permanent representative: Philip Demot3 facts ▸
State Gazette act
Appointment: NV Democo Group (gedelegeerd bestuurder)
Permanent representative: Philip Demot3 facts ▸
- General meeting, 27-05-2015
- Director appointment, NV Democo Group (gedelegeerd bestuurder)
- Permanent representative, Philip Demot
2014
28-07
State Gazette act
Appointment: KPMG & Partners (statutory auditor)Permanent representative: Wim Heyndrickx · Reappointments: Danielle Demot, Philip Demot and Rudy Houben6 facts ▸
State Gazette act
Appointment: KPMG & Partners (statutory auditor)
Permanent representative: Wim Heyndrickx · Reappointments: Danielle Demot, Philip Demot and Rudy Houben6 facts ▸
- General meeting, 28-05-2014
- Auditor appointment, KPMG & Partners (statutory auditor)
- Permanent representative, Wim Heyndrickx
- Director reappointment, Danielle Demot (director)
- Director reappointment, Philip Demot (director)
- Director reappointment, Rudy Houben (managing director)
14-04
State Gazette act
Permanent representative: Frederik Bijnens2 facts ▸
State Gazette act
Permanent representative: Frederik Bijnens
2 facts ▸
- Board meeting, 22-05-2013
- Permanent representative, Frederik Bijnens
2013
02-08
State Gazette act
Appointment: FBConstruct bvba (director)Permanent representative: Frederik Bijnens3 facts ▸
State Gazette act
Appointment: FBConstruct bvba (director)
Permanent representative: Frederik Bijnens3 facts ▸
- General meeting, 29-05-2013
- Director appointment, FBConstruct bvba (director)
- Permanent representative, Frederik Bijnens
2012
03-08
State Gazette act
Appointments: Michel Demot (director) and Ronny Houben (director)3 facts ▸
State Gazette act
Appointments: Michel Demot (director) and Ronny Houben (director)
3 facts ▸
- General meeting, 30-05-2012
- Director appointment, Michel Demot (director)
- Director appointment, Ronny Houben (director)
2011
02-08
State Gazette act
Appointment: KPMG & Partners (statutory auditor)Permanent representative: Wim Heyndrickx3 facts ▸
State Gazette act
Appointment: KPMG & Partners (statutory auditor)
Permanent representative: Wim Heyndrickx3 facts ▸
- General meeting, 25-05-2011
- Auditor appointment, KPMG & Partners
- Permanent representative, Wim Heyndrickx
2010
30-11
State Gazette act
Reappointment: DEMOCO GROUP (gedelegeerd bestuurder)Permanent representative: Philip Demot3 facts ▸
State Gazette act
Reappointment: DEMOCO GROUP (gedelegeerd bestuurder)
Permanent representative: Philip Demot3 facts ▸
- General meeting, 27-05-2009
- Director reappointment, DEMOCO GROUP (gedelegeerd bestuurder)
- Permanent representative, Philip Demot
28-06
State Gazette act
MiscellaneousGeneral meeting1 fact ▸
State Gazette act
Miscellaneous
General meeting1 fact ▸
- General meeting, 10-06-2010
2009
12-10
State Gazette act
Reappointment: DEMOCO GROUP (gedelegeerd bestuurder)Permanent representatives: Philip Demot and RU. HOUBEN4 facts ▸
State Gazette act
Reappointment: DEMOCO GROUP (gedelegeerd bestuurder)
Permanent representatives: Philip Demot and RU. HOUBEN4 facts ▸
- General meeting, 27-05-2009
- Director reappointment, DEMOCO GROUP (gedelegeerd bestuurder)
- Permanent representative, Philip Demot
- Permanent representative, RU. HOUBEN
2007
26-11
State Gazette act
Appointment: Salustro, Triest, Vleck (statutory auditor)Permanent representative: Wim Heyndrickx3 facts ▸
State Gazette act
Appointment: Salustro, Triest, Vleck (statutory auditor)
Permanent representative: Wim Heyndrickx3 facts ▸
- General meeting, 25-05-2005
- Auditor appointment, Salustro, Triest, Vleck (statutory auditor)
- Permanent representative, Wim Heyndrickx
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
9 directors, no change since 2026
DEMOCO GROUP
CurrentDirector · since 12-06-2026 · Public limited company · perm. rep.: Philip Demot
ArNaSa
CurrentDirector · since 11-02-2025 · Private limited company · perm. rep.: Jochen Willen
Rafine
CurrentDirector · since 10-07-2024 · Private limited company · perm. rep.: Raf Houben
TIGA-R
CurrentDirector · since 21-02-2022 · Public limited company · perm. rep.: Rudy Houben
FBConstruct
CurrentDirector · since 25-05-2016 · Private limited company · perm. rep.: Frederik Bijnens
Democo Group NV
Not recently confirmedGedelegeerd bestuurder · since 27-05-2015 · Legal entity · perm. rep.: Philip Demot
3 other directors
FB Construct bvba
Not recently confirmedDirector · since 22-04-2016 · Legal entity · perm. rep.: Frederik Bijnens
FBConstruct bvba
Not recently confirmedDirector · since 29-05-2013 · Legal entity · perm. rep.: Frederik Bijnens
DEMOCO GROUP
Not recently confirmedGedelegeerd bestuurder · since 27-05-2009 · Legal entity · perm. rep.: Philip Demot
12-06-2026
DEMOCO GROUP: Mandate renewed as Director
31-12-2025
MaLiBe BV: Resigned as Director
11-02-2025
ArNaSa: Appointed as Director
10-07-2024
Rafine: Appointed as Director
10-07-2024
Tiga-R NV: Resigned as Director
Location & real-estate footprint
Registered office, Hasselt · 4 establishment units since 1990
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.
Herkenrodesingel 4B3500 HasseltGround area
1.5 ha
Building footprint
8,611 m²
Volume, LiDAR
62,884 m³
4 parcels, Brussels, Flanders · tallest building 34.9 m, ±7 floors. Linked by address, not a title deed.
4 establishment units
DEMOCO NV
since 19902.014.165.606
DEMOCO NV
since 20102.214.229.391
DEMOCO NV
since 20122.214.228.797
DEMOCO NV
since 20182.281.820.377
4 parcels
Flanders
3
(75%)
Brussels
1
(25%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11811L3986/00A000 | Flanders | 5,681 m² | 1 · 4,504 m² | 34.9 m · 2 fl. |
| 44062B0041/00P003 | Flanders | 5,489 m² | 1 · 3,031 m² | 9.5 m · 2 fl. |
| 71327G0668/00T000 | Flanders | 2,234 m² | 1 · 622 m² | 19.5 m · 5 fl. |
| 21304B0083/00V002 | Brussels | 1,973 m² | 1 · 454 m² | 25.7 m · 7 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 3
4 of 4 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Statutory auditor
1 auditor| BDO BEDRIJFSREVISOREN-BDO REVISEURS D'ENTREPRISESCurrent Statutory auditor | 28-04-2017 → present |
Show 3 earlier auditors
| KPMG & Partners Statutory auditor · represented by Wim Heyndrickx succeeded by BDO BEDRIJFSREVISOREN-BDO REVISEURS D'ENTREPRISES in 2017 | 25-05-2011 → 28-04-2017 |
| KPMG Réviseurs d'Entreprises Statutory auditor | - → 25-09-2017 |
| Salustro Triest Vleck Statutory auditor · represented by Wim Heyndrickx succeeded by KPMG & Partners in 2011 | 25-05-2005 → 25-05-2011 |
Articles of association
Purpose
De algemene aanneming, de uitvoering en de studie van alle openbare, industriële en private werken... [volledig voorwerp zoals vermeld in de statuten]
Structure & network
Connections & network
14 connected companiesLinked via shared directors
Shared director
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Show 10 more companies with a shared director
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Capital and shareholders
Shareholders according to the acts
Share transfer
act of 12-07-2023 ↗
- to DEMOCO GROUP (BE 0479.223.847)
The Belgian State Gazette names shareholders only when an act mentions them; the share register itself is not published.
Capital over the years
- 13-03-2024 Capital stated in the act · 5,000,000 EUR · 61,260 shares
Public money · subsidies and aid
Flemish government
2022 to 2025 · 8 entries · 111,569 EUR awarded · 111,569 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 20,966 EUR | 20,966 EUR |
| 2024 | 2 | 29,403 EUR | 29,403 EUR |
| 2023 | 2 | 34,974 EUR | 34,974 EUR |
| 2022 | 2 | 26,226 EUR | 26,226 EUR |
Schemes
Vlaamse ondersteuningspremie (VOP) voor werkgevers (uitdovend stelsel)
Vlaams opleidingsverlof (VOV)
Recognitions · licences · registrations
Recognised contractor
17 categoriesDEMOCO NV15392
Dual-learning approval
2 endedElektrotechnicus (vwo)
Elektrotechnicus duaal (so)
Legal Entity Identifier
254900S94F07IE342O78
Similar companies · same sector, comparable size
BAUMA HC
BE 0416.900.753
Sankt Vith · Eq €12.78M
MAISONS COMPERE WONINGEN COMPERE
BE 0502.389.427
Ukkel · Eq €12.74M
Van Laere
BE 0405.073.285
Beveren-Kruibeke-Zwijndrecht · Eq €12.70M
Immo V.S.M.
BE 0466.289.589
Oupeye · Eq €13.07M
MAISONS BLAVIER
BE 0454.187.058
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Of 29,797 companies in sector 41001 we hold annual accounts for 16,049. 813 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 formPublic limited company
Founded07-06-1990
Fiscal year end31-12
Activities, NACEBEL 2025
41001General construction of residential buildings
41003General construction of other non-residential buildings
Sources
Crossroads Bank for EnterprisesNational Bank · 45 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.