ACTIVE

DEMOCO

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Financial year 2025 · Closed on 31/12/2025

Net result2,7 M €-14,8 %over 1 year

Revenue188,3 M €-14,0 %over 1 year

Equity15,6 M €+21,1 %over 1 year

Workforce241,8 ETP-10,0 %over 1 year

Identity

Source · BCE/KBO

DEMOCO is a Public limited company incorporated in 1990. Its main activity is: Construction of buildings. Its registered office is in Hasselt. It employs on average 241,8 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0440.712.867
Incorporation: 07/06/1990
Legal form: Public limited company
Registered office: Herkenrodesingel 4B
3500 Hasselt · FlandreSee on map
Contributed capital: 5 000 000,00 €
Latest accounts: 31/12/2025
Average workforce: 241,8 ETP

Activities (NACE)

41001Construction of buildings· main 41003Construction of buildings 41201Construction of residential and non-residential buildings 41203Construction of residential and non-residential buildings 45211Maintenance and repair of motor vehicles 45213Maintenance and repair of motor vehicles

Joint committees (3)

Signals

ProfitableLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 20 filings

Trend over 20 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	188,3 M €	-14.0%	219 M €	-2.6%	224,9 M €	+6.6%	210,9 M €	-14.2%	245,8 M €
EBITDA	4,6 M €	-28.0%	6,5 M €	+224%	-5,2 M €	+17.0%	-6,3 M €	-674%	1,1 M €
Operating result	1,9 M €	-53.5%	4,1 M €	+228%	-3,2 M €	+74.8%	-12,7 M €	-2298%	578,5 k €
Net result	2,7 M €	-14.8%	3,2 M €	+159%	-5,4 M €	+57.8%	-12,9 M €	-11323%	114,7 k €
Balance sheet
Equity	15,6 M €	+21.1%	12,9 M €	+33.0%	9,7 M €	-36.0%	15,1 M €	-46.0%	28 M €
Total assets	67,2 M €	-5.0%	70,8 M €	-13.0%	81,3 M €	+20.1%	67,7 M €	-24.5%	89,6 M €
Cash	2,4 M €	+138%	1 M €	+7.3%	947,1 k €	-77.5%	4,2 M €	-67.4%	13 M €
Debts	47,2 M €	-15.8%	56 M €	-21.0%	71 M €	+48.4%	47,8 M €	-22.2%	61,4 M €
Other
Workforce	241,8 ETP	-10.0%	268,6 ETP	-7.9%	291,5 ETP	-2.4%	298,8 ETP	-2.7%	307,0 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

6 active · 8 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
ArNaSa0743.508.364Represented by Jochen Willen	Director11/02/2025 → 28/05/2031
Rafine1002.554.980Represented by Raf Frans Liza Houben	Director10/07/2024 → 29/05/2030
MaLiBe0770.425.567Represented by Johannes Van den Broeck	Director21/02/2022 → 31/05/2028
SARKRI0476.540.016Represented by Ronny Houben	Director21/02/2022 → 31/05/2028
TDEVELOPMENT0774.835.802Represented by Thibaud Demot	Director21/02/2022 → 31/05/2028
DEMOCO GROUP0479.223.847Represented by Philip DEMOT	Chairman of the board of directors27/05/2009 → 12/06/2026Director27/05/2020 → 2021 accountsendedManaging director27/05/2015 → 2015 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
FBConstruct0835.210.778Represented by Frederik Bijnens	Director22/06/2022 → 2022 accounts
TIGA-R0476.540.214Represented by Rudy Houben	Director21/02/2022 → 2023 accounts
Thibaud DEMOT	Director26/05/2021 → 2021 accounts
Danielle DEMOT	Director27/05/2020 → 26/05/2021

Other companies at this address

Herkenrodesingel 4B 3500 Hasselt

Company	CBE no.
BONNEFANT● Active	0566.922.339
CIRIL● Active	0440.712.768
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 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	22/06/2026	04/06/2025	11/07/2024	03/08/2023	08/07/2022	25/06/2021
General meeting	12/06/2026	30/05/2025	10/07/2024	03/08/2023	22/06/2022	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	22/06/2026	Dutch	PDF
Full model	31/12/2024	30/05/2025	04/06/2025	Dutch	PDF
Full model	31/12/2023	10/07/2024	11/07/2024	Dutch	PDF
Full model	31/12/2022	03/08/2023	03/08/2023	Dutch	PDF
Full model	31/12/2021	22/06/2022	08/07/2022	Dutch	PDF
Full model	31/12/2020	26/05/2021	25/06/2021	Dutch	PDF
Full model	31/12/2019	27/05/2020	26/06/2020	Dutch	PDF
Full model	31/12/2018	29/05/2019	26/06/2019	Dutch	PDF
Full model	31/12/2017	30/05/2018	27/06/2018	Dutch	PDF
Full model	31/12/2016	31/05/2017	26/06/2017	Dutch	PDF
Full model	31/12/2015	25/05/2016	10/06/2016	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 10 M€ and 25 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.

Board of directors

Source · NBB, accounts to 31/12/2025

6 active · 8 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
ArNaSa0743.508.364Represented by Jochen Willen	Director11/02/2025 → 28/05/2031
Rafine1002.554.980Represented by Raf Frans Liza Houben	Director10/07/2024 → 29/05/2030
MaLiBe0770.425.567Represented by Johannes Van den Broeck	Director21/02/2022 → 31/05/2028
SARKRI0476.540.016Represented by Ronny Houben	Director21/02/2022 → 31/05/2028
TDEVELOPMENT0774.835.802Represented by Thibaud Demot	Director21/02/2022 → 31/05/2028
DEMOCO GROUP0479.223.847Represented by Philip DEMOT	Chairman of the board of directors27/05/2009 → 12/06/2026Director27/05/2020 → 2021 accountsendedManaging director27/05/2015 → 2015 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
FBConstruct0835.210.778Represented by Frederik Bijnens	Director22/06/2022 → 2022 accounts
TIGA-R0476.540.214Represented by Rudy Houben	Director21/02/2022 → 2023 accounts
Thibaud DEMOT	Director26/05/2021 → 2021 accounts
Danielle DEMOT	Director27/05/2020 → 26/05/2021

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates27/08/2026
Herbenoeming bestuurder
PDF
Mandates04/03/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates17/10/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates14/03/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates09/09/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates26/06/2024
ONTSLAGEN - BENOEMINGEN
PDF
Other13/03/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates23/11/2023
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

Filings20 filings

Mandates

ArNaSa

Rafine

SARKRI

MaLiBe

TDEVELOPMENT

DEMOCO GROUP

FBConstruct

TIGA-R

Thibaud DEMOT

Rudy HOUBEN

Danielle DEMOT

Michel DEMOT

Show the 2 other mandates

199019911992199319941995199619971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022202320242025202620272028202920302031

DEMOCO

Herckenrodesingel 4 bte b, 3500 Hasselt

Director

Chairman of the board of directorsDirector

Managing directorDirector

Director

Managing directorDirector

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Herkenrodesingel 4B, 3500 HasseltCurrent		CBE
Herckenrodesingel 4 bte b, 3500 Hasselt	accounts 2021 → 2025	Accounts 2025 · 2026-00194741

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
DEMOCOCurrent	accounts 2006 → 2025	Accounts 2025 · 2026-00194741

Events

2025
Annual accounts 20252,7 M €↓
24/06/2025
nominationBDO Bedrijfsrevisoren · commissaris
11/02/2025
nominationArNaSa BV · bestuurder
2024
Annual accounts 20243,2 M €↑
10/07/2024
nominationRaf Houben · bestuurder
2023
Annual accounts 2023-5,4 M €↑
04/08/2023
nominationSarah Houben · vaste vertegenwoordiger van een bestuurder
2022
Annual accounts 2022-12,9 M €↓
12/12/2022
cession
22/06/2022
reconductionFB Construct BV · bestuurder
22/06/2022
reconductionBDO Bedrijfsrevisoren BV · commissaris
22/06/2022
nominationFB Construct BV · gedelegeerd bestuurder
2021
Annual accounts 2021114,7 k €↑
2020
Annual accounts 202019,3 k €↓
2019
Annual accounts 20191,8 M €↓
2018
Annual accounts 20183,7 M €↑
2017
Annual accounts 20171,8 M €↓
2016
Annual accounts 20165,4 M €↓
2015
Annual accounts 20155,9 M €↑
2014
Annual accounts 20144,1 M €↑
2013
Annual accounts 20131,8 M €↑
2012
Annual accounts 20121,3 M €↓
2011
Annual accounts 20112,9 M €↑
2010
Annual accounts 20101,8 M €↓
2009
Annual accounts 20092,8 M €↓
2008
Annual accounts 20083,6 M €↑
2007
Annual accounts 20071,7 M €↑
2006
Annual accounts 2006882,8 k €
07/06/1990
IncorporationPublic limited company

DEMOCO

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