ACTIVE

DEMABEL

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Financial year 2025 · closed on 31/12/2025

Net result

270,6 k €

-23.1% YoY

Gross margin

751,9 k €

-8.7% YoY

Equity

3,7 M €

+7.8% YoY

Workforce

0,0 ETP

What does DEMABEL do?

DEMABEL is a Public limited company incorporated in 1969. Its registered office is in Malmedy.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0406.747.427

Incorporation

28/04/1969

Legal form

Public limited company

Registered office

Avenue Monbijou 15
4960 Malmedy · WallonieSee on map

Contributed capital

168 000,00 €

Latest accounts

31/12/2025

Average workforce

0,0 ETP

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	751,9 k €	-8.7%	823,2 k €	+6.7%	771,2 k €	+12.9%	682,9 k €	+13.0%	604,6 k €	+31.8%	458,8 k €	-10.9%	514,8 k €	-18.2%	629,1 k €	+53.7%	409,4 k €	-2.1%	418,1 k €	-11.0%	469,9 k €	+6.4%	441,7 k €	+2.4%	431,4 k €	-2.0%	440,4 k €	+1.3%	434,8 k €	+31.0%	331,9 k €	-10.8%	372,3 k €	+3.0%	361,3 k €	+12.1%	322,2 k €	+3.8%	310,3 k €
EBITDA	640,8 k €	-14.5%	749,4 k €	+16.2%	645,2 k €	+4.5%	617,4 k €	+12.8%	547,6 k €	+46.8%	372,9 k €	-11.2%	420,1 k €	-21.7%	536,3 k €	+47.8%	362,8 k €	-0.1%	363,2 k €	-14.0%	422,2 k €	-2.2%	431,5 k €	+2.6%	420,4 k €	-1.5%	426,9 k €	+1.5%	420,5 k €	+30.7%	321,8 k €	-10.0%	357,5 k €	+2.8%	347,9 k €	+14.1%	304,8 k €	-0.4%	306,1 k €
Operating result	484,6 k €	-18.7%	596,3 k €	+22.7%	485,8 k €	+1.8%	477,3 k €	+14.1%	418,5 k €	+76.7%	236,8 k €	-17.0%	285,4 k €	-26.1%	386,2 k €	+83.0%	211,1 k €	-0.9%	213 k €	-25.7%	286,8 k €	-4.1%	299,1 k €	+4.2%	286,9 k €	-2.4%	294 k €	+15.4%	254,6 k €	+27.8%	199,3 k €	-22.5%	257,3 k €	+10.5%	232,8 k €	+49.4%	155,9 k €	-25.4%	209 k €
Net result	270,6 k €	-23.1%	352 k €	+10.4%	318,8 k €	+1120%	-31,3 k €	-111%	274,5 k €	+131%	118,8 k €	-31.7%	173,9 k €	-28.4%	243 k €	+94.6%	124,9 k €	-13.2%	143,8 k €	-0.5%	144,6 k €	-8.6%	158,1 k €	+0.2%	157,9 k €	+165%	-241,9 k €	-286%	130 k €	+144%	53,4 k €	-47.1%	100,9 k €	+4.5%	96,6 k €	+74.6%	55,3 k €	-42.6%	96,4 k €
Balance sheet
Equity	3,7 M €	+7.8%	3,5 M €	+11.3%	3,1 M €	+11.4%	2,8 M €	-0.8%	2,8 M €	+10.8%	2,5 M €	+4.9%	2,4 M €	+7.7%	2,3 M €	+12.1%	2 M €	+6.6%	1,9 M €	+8.3%	1,7 M €	+9.1%	1,6 M €	+11.0%	1,4 M €	+12.3%	1,3 M €	-15.9%	1,5 M €	+9.3%	1,4 M €	+4.0%	1,3 M €	+8.2%	1,2 M €	+8.5%	1,1 M €	+5.1%	1,1 M €
Total assets	5,8 M €	+2.6%	5,6 M €	+11.8%	5 M €	+6.0%	4,7 M €	-4.3%	4,9 M €	+13.3%	4,4 M €	+0.3%	4,4 M €	-7.9%	4,7 M €	+35.9%	3,5 M €	+0.3%	3,5 M €	+0.3%	3,5 M €	+8.6%	3,2 M €	+2.3%	3,1 M €	-7.6%	3,4 M €	-13.7%	3,9 M €	+17.1%	3,3 M €	-1.8%	3,4 M €	+2.7%	3,3 M €	+32.8%	2,5 M €	+5.1%	2,4 M €
Cash	547,8 k €	+106%	265,5 k €	+1135%	21,5 k €	-70.8%	73,6 k €	-59.7%	182,7 k €	+211%	58,8 k €	-60.2%	147,9 k €	-59.6%	365,9 k €	+26.6%	289 k €	+27.1%	227,4 k €	+150%	90,9 k €	-54.7%	200,4 k €	+444%	36,9 k €	-79.1%	176,2 k €	-1.1%	178,2 k €	+297%	44,9 k €	-41.3%	76,5 k €	+197%	25,8 k €	+20.0%	21,5 k €	-61.5%	55,8 k €
Debts	1,9 M €	-5.4%	2,1 M €	+10.7%	1,9 M €	-1.1%	1,9 M €	-8.4%	2,1 M €	+18.0%	1,7 M €	-5.1%	1,8 M €	-22.0%	2,3 M €	+64.6%	1,4 M €	-6.2%	1,5 M €	-8.8%	1,7 M €	+9.4%	1,5 M €	-6.0%	1,6 M €	-20.4%	2 M €	-11.8%	2,3 M €	+22.7%	1,9 M €	-5.6%	2 M €	-1.3%	2 M €	+56.7%	1,3 M €	+5.3%	1,2 M €
Other
Workforce	0,0 ETP		0,0 ETP		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 8 ended

Active mandates

André DENIS

Managing director

Active

Marie DENIS

Managing director

Active

Pierre DENIS

Managing director

Active

Ended mandates

André DENIS

Director

Ended

André ROBERT

Director

Ended

Josiane JACQUEMIN

Managing director · until 03 avril 2019

Ended

Josiane JACQUEMIN

Managing director

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Micro model	Micro model	Micro model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	26/06/2026	26/08/2025	27/06/2024	03/08/2023	31/08/2022	31/08/2021
General meeting	18/06/2026	07/08/2025	20/06/2024	06/07/2023	14/05/2022	08/05/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

21 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	18/06/2026	26/06/2026	French	PDF
Abridged model	31/12/2024	07/08/2025	26/08/2025	French	PDF
Abridged model	31/12/2023	20/06/2024	27/06/2024	French	PDF
Micro model	31/12/2022	06/07/2023	03/08/2023	French	PDF
Micro model	31/12/2021	14/05/2022	31/08/2022	French	PDF
Micro model	31/12/2020	08/05/2021	31/08/2021	French	PDF
Abridged model	31/12/2019	02/09/2020	18/09/2020	French	PDF
Abridged model	31/12/2018	11/05/2019	29/08/2019	French	PDF
Abridged model	31/12/2017	12/05/2018	30/08/2018	French	PDF
Abridged model	31/12/2016	13/05/2017	25/08/2017	French	PDF
Abridged model	31/12/2015	14/05/2016	30/08/2016	French	PDF
Abridged model	31/12/2014	09/05/2015	21/08/2015	French	PDF
Abridged model	31/12/2013	10/05/2014	07/08/2014	French	PDF
Abridged model	31/12/2012	11/05/2013	19/02/2014	French	PDF
Abridged model	31/12/2011	10/05/2012	14/01/2013	French	PDF
Abridged model	31/12/2010	14/05/2011	29/12/2011	French	PDF
Abridged model	31/12/2009	08/05/2010	27/01/2011	French	PDF
Abridged model	31/12/2008	09/05/2009	25/02/2010	French	PDF
Abridged model	31/12/2007	10/05/2008	11/12/2008	French	PDF
Abridged model	31/12/2006	12/05/2007	30/01/2008	French	PDF
Abridged model	31/12/2005	13/05/2006	02/01/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 5 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 8 ended

Active mandates

André DENIS

Managing director

Active

Marie DENIS

Managing director

Active

Pierre DENIS

Managing director

Active

Ended mandates

André DENIS

Director

Ended

André ROBERT

Director

Ended

Josiane JACQUEMIN

Managing director · until 03 avril 2019

Ended

Josiane JACQUEMIN

Managing director

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates12/04/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates08/01/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - OBJET - DEMISSIONS, NOMINATIONS - ASSEMBLEE GENERALE
PDF
Mandates23/08/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates02/10/2017
DEMISSIONS, NOMINATIONS
PDF
Mandates31/01/2012
CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates18/06/2007
DEMISSIONS, NOMINATIONS
PDF
Other05/02/2003
DIVERS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates18/10/2002
CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 2025270,6 k €↓
2024
Annual accounts 2024352 k €↑
2023
Annual accounts 2023318,8 k €↑
2022
Annual accounts 2022-31,3 k €↓
2021
Annual accounts 2021274,5 k €↑
2020
Annual accounts 2020118,8 k €↓
2019
Annual accounts 2019173,9 k €↓
2018
Annual accounts 2018243 k €↑
2017
Annual accounts 2017124,9 k €↓
2016
Annual accounts 2016143,8 k €↓
2015
Annual accounts 2015144,6 k €↓
2014
Annual accounts 2014158,1 k €↑
2013
Annual accounts 2013157,9 k €↑
2012
Annual accounts 2012-241,9 k €↓
2011
Annual accounts 2011130 k €↑
2010
Annual accounts 201053,4 k €↓
2009
Annual accounts 2009100,9 k €↑
2008
Annual accounts 200896,6 k €↑
2007
Annual accounts 200755,3 k €↓
2006
Annual accounts 200696,4 k €
28/04/1969
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

DEMABEL

Overview

What does DEMABEL do?

Trend over 20 financial years

Indicative valuation

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline