ACTIVE

CIRIL

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Financial year 2025 · Closed on 31/12/2025

Net result4,1 M €+247,0 %over 1 year

Revenue22 M €-45,4 %over 1 year

Equity29,3 M €+16,1 %over 1 year

Workforce7,8 ETP-2,5 %over 1 year

Identity

Source · BCE/KBO

CIRIL is a Public limited company incorporated in 1990. Its main activity is: Development of building projects. Its registered office is in Hasselt. It employs on average 7,8 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0440.712.768
Incorporation: 07/06/1990
Legal form: Public limited company
Registered office: Herkenrodesingel 4B
3500 Hasselt · FlandreSee on map
Contributed capital: 4 650 996,49 €
Latest accounts: 31/12/2025
Average workforce: 7,8 ETP

Activities (NACE)

41101Development of building projects· main 68121Buying and selling of own real estate 70111Activities of head offices

Joint committees (3)

Signals

ProfitableSolid equityLow riskPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 20 filings

Trend over 19 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	22 M €	-45.4%	40,4 M €	+115%	18,8 M €	-10.6%	21 M €	-39.7%	34,9 M €
EBITDA	199,8 k €	+127%	-735,8 k €	+17.3%	-889,4 k €	+48.3%	-1,7 M €	-606%	340 k €
Operating result	-155,7 k €	-158%	267,1 k €	+133%	-814,3 k €	-41.3%	-576,5 k €	+58.1%	-1,4 M €
Net result	4,1 M €	+247%	1,2 M €	-80.3%	6 M €	+407%	-1,9 M €	-752%	-228,9 k €
Balance sheet
Equity	29,3 M €	+16.1%	25,2 M €	+4.9%	24,1 M €	+33.0%	18,1 M €	-9.7%	20 M €
Total assets	57,5 M €	-12.1%	65,4 M €	-16.3%	78,1 M €	+69.6%	46 M €	+20.8%	38,1 M €
Cash	1,2 M €	-23.2%	1,5 M €	+5.9%	1,4 M €	+8.3%	1,3 M €	+133%	563,3 k €
Debts	28,1 M €	-29.8%	40,1 M €	-25.6%	53,9 M €	+94.4%	27,7 M €	+57.9%	17,6 M €
Other
Workforce	7,8 ETP	-2.5%	8,0 ETP	-8.0%	8,7 ETP	-10.3%	9,7 ETP	-1.0%	9,8 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

8 active · 6 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
ID PROJECTEN0800.193.184Represented by Inez Demot	Director30/05/2025 → 06/06/2031
Juunooh1002.554.188Represented by Rob Houben	Director31/05/2024 → 07/06/2030
PVMA0478.898.106Represented by Pieter Vanhout	Managing director25/05/2016 → 02/06/2028Directorlisted until the 2015 accountsended
MaLiBe0770.425.567Represented by Johannes Van den Broeck	Director10/02/2022 → 02/06/2028
TDEVELOPMENT0774.835.802Represented by Thibaud Demot	Director10/02/2022 → 02/06/2028
CYGA0842.191.117Represented by Michel Demot	Director27/05/2020 → 12/06/2026
DEMOCO GROUP0479.223.847Represented by Philip Demot	Managing director27/05/2009 → 12/06/2026Director2010 accountsended
SARKRI0476.540.016Represented by Ronny Houben	Director27/05/2020 → 12/06/2026

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
TIGA-R0476.540.214Represented by Rudy Houben	Director27/05/2020 → 2023 accounts
Danielle Demot	Director30/05/2018 → 2020 accounts
Ronny Houben	Director30/05/2018 → 2019 accounts

Other companies at this address

Herkenrodesingel 4B 3500 Hasselt

Company	CBE no.
BONNEFANT● Active	0566.922.339
Craeyenhof● Active	0404.941.643
Craeyenhof Properties● Active	0677.932.802
DAM 71● Active	0643.904.806
DEBUILD● Active	0749.717.552
DEMCOR● Active	0473.012.085
Dem GroupVAT● Active	0715.490.311
DEMOCO● Active	0440.712.867
DEMOCO GROUP● Active	0479.223.847
DOK DEVELOPMENT● Active	0444.355.515
D-Watt● Active	1002.715.031
EZELDIJK DEVELOPMENT● Active	0848.067.634
Hart van Hamme● Active	0713.699.868
Herkenrode Development● Active	0652.781.195
HERK&RED● Active	0432.874.079
NETESTAD IMMO● Active	0794.720.109
SION NETEZICHT● Active	0844.696.586
Souverain 280● Active	1042.795.035
TERRA● Active	0879.600.057
THV CASINO FURNIBO DEMOCO● Active	0768.818.634

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full 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	02/07/2026	05/06/2025	11/07/2024	03/08/2023	14/06/2022	15/06/2021
General meeting	12/06/2026	30/05/2025	11/07/2024	03/08/2023	03/06/2022	26/05/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	12/06/2026	02/07/2026	Dutch	PDF
Full model	31/12/2024	30/05/2025	05/06/2025	Dutch	PDF
Full model	31/12/2023	11/07/2024	11/07/2024	Dutch	PDF
Full model	31/12/2022	03/08/2023	03/08/2023	Dutch	PDF
Full model	31/12/2021	03/06/2022	14/06/2022	Dutch	PDF
Full model	31/12/2020	26/05/2021	15/06/2021	Dutch	PDF
Full model	31/12/2019	27/05/2020	18/06/2020	Dutch	PDF
Full model	31/12/2018	29/05/2019	18/06/2019	Dutch	PDF
Full model	31/12/2017	30/05/2018	28/06/2018	Dutch	PDF
Full model	31/12/2016	31/05/2017	16/06/2017	Dutch	PDF
Full model	31/12/2015	25/05/2016	09/06/2016	Dutch	PDF
Full model	31/12/2014	27/05/2015	19/06/2015	Dutch	PDF
Full model	31/12/2013	28/05/2014	06/06/2014	Dutch	PDF
Full model	31/12/2012	29/05/2013	20/06/2013	Dutch	PDF
Full model	31/12/2011	30/05/2012	19/06/2012	Dutch	PDF
Full model	31/12/2010	25/05/2011	15/06/2011	Dutch	PDF
Full model	31/12/2009	26/05/2010	07/06/2010	Dutch	PDF
Full model	31/12/2008	27/05/2009	12/06/2009	Dutch	PDF
Full model	31/12/2007	28/05/2008	20/06/2008	Dutch	PDF
Full model	31/12/2006	30/05/2007	22/06/2007	Dutch	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

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.

Board of directors

Source · NBB, accounts to 31/12/2025

8 active · 6 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
ID PROJECTEN0800.193.184Represented by Inez Demot	Director30/05/2025 → 06/06/2031
Juunooh1002.554.188Represented by Rob Houben	Director31/05/2024 → 07/06/2030
PVMA0478.898.106Represented by Pieter Vanhout	Managing director25/05/2016 → 02/06/2028Directorlisted until the 2015 accountsended
MaLiBe0770.425.567Represented by Johannes Van den Broeck	Director10/02/2022 → 02/06/2028
TDEVELOPMENT0774.835.802Represented by Thibaud Demot	Director10/02/2022 → 02/06/2028
CYGA0842.191.117Represented by Michel Demot	Director27/05/2020 → 12/06/2026
DEMOCO GROUP0479.223.847Represented by Philip Demot	Managing director27/05/2009 → 12/06/2026Director2010 accountsended
SARKRI0476.540.016Represented by Ronny Houben	Director27/05/2020 → 12/06/2026

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
TIGA-R0476.540.214Represented by Rudy Houben	Director27/05/2020 → 2023 accounts
Danielle Demot	Director30/05/2018 → 2020 accounts
Ronny Houben	Director30/05/2018 → 2019 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates07/09/2026
Herbenoeming bestuurder
PDF
Mandates04/03/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates09/09/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates02/10/2024
ONTSLAGEN - BENOEMINGEN
PDF
Other13/03/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - ALGEMENE VERGADERING
PDF
Mandates02/08/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates04/03/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates06/07/2021
ONTSLAGEN - BENOEMINGEN
PDF

Similar companies

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

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings19 filings

Mandates

ID PROJECTEN

Juunooh

PVMA

MaLiBe

TDEVELOPMENT

SARKRI

DEMOCO GROUP

CYGA

TIGA-R

Ronny Houben

Danielle Demot

Michel Demot

Show the 2 other mandates

199019911992199319941995199619971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022202320242025202620272028202920302031

CIRILDMI VASTGOEDDEMOCO MANAGEMENT & INVESTMENT

Herkenrodesingel 4 bte b, 3500 Hasselt

Director

Managing director

Director

Managing director

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Herkenrodesingel 4B, 3500 HasseltCurrent		CBE
Herkenrodesingel 4 bte b, 3500 Hasselt	accounts 2021 → 2025	Accounts 2025 · 2026-00248690

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
CIRILCurrent	accounts 2019 → 2025	Accounts 2025 · 2026-00248690
DMI VASTGOED	accounts 2010 → 2017	Accounts 2017 · 2018-25800135
DEMOCO MANAGEMENT & INVESTMENT	accounts 2006 → 2009	Accounts 2009 · 2010-15700544

Events

01/01/2026
nominationPhilip Demot · vaste vertegenwoordiger van Democo Group NV
01/01/2026
nominationVanhout Pieter · Gedelegeerd bestuurder
01/01/2026
nominationDemot Michel · vaste vertegenwoordiger van Cyga BV
01/01/2026
nominationRonny Houben · vast vertegenwoordiger van Sarkri NV
01/01/2026
nominationThibaud Demot · Bestuurder
01/01/2026
nominationRob Houben · vaste vertegenwoordiger van Juuncoh BV
01/01/2026
nominationInez Demot · vaste vertegenwoordiger van ID Projecten BV
2025
Annual accounts 20254,1 M €↑
30/05/2025
nominationInez Demot · vaste vertegenwoordiger van ID Projecten BV (raad van bestuur)
30/05/2025
nominationMichel Dupont · commissaris (vertegenwoordiger BDO Bedrijfsrevisoren)
30/05/2025
nominationGert Maris · commissaris (vertegenwoordiger BDO Bedrijfsrevisoren)
2024
Annual accounts 20241,2 M €↓
11/07/2024
nominationRob Houben · bestuurder
2023
Annual accounts 20236 M €↑
2022
Annual accounts 2022-1,9 M €↓
03/06/2022
nominationPieter Vanhout · gedelegeerd bestuurder
03/06/2022
nominationPieter Vanhout Multidisciplinaire Architectenvennootschap BV · gedelegeerd bestuurder
03/06/2022
nominationPhilip Demot · Gedelegeerd bestuurder
2021
Annual accounts 2021-228,9 k €↓
03/06/2021
reconductionPieter Vanhout Multidisciplinaire Architectenvennootschap BV · bestuurder
03/06/2021
reconductionBDO Bedrijfsrevisoren BV · commissaris
2020
Annual accounts 20203,8 M €↑
2019
Annual accounts 20192 M €↑
2019
Name changeCIRIL
2017
Annual accounts 2017515,3 k €↓
2016
Annual accounts 2016565,9 k €↓
2015
Annual accounts 20151,9 M €↑
2014
Annual accounts 20141,3 M €↑
2013
Annual accounts 201357 k €↓
2012
Annual accounts 2012575,5 k €↑
2011
Annual accounts 201181,6 k €↓
2010
Annual accounts 2010255 k €↓
2010
Name changeDMI VASTGOED
2009
Annual accounts 20091,1 M €↑
2008
Annual accounts 2008-446,8 k €↓
2007
Annual accounts 20072,7 M €↑
2006
Annual accounts 2006889,4 k €
07/06/1990
IncorporationPublic limited company

CIRIL

Overview

Identity

Financials

Valuation

Indicative valuation

Board of directors

Other companies at this address

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

Timeline

Registered offices

Company names

Events