ACTIVE

DEMO

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Financial year 2025 · closed on 30/09/2025

Net result

129,6 k €

+37.8% YoY

Gross margin

390,4 k €

+12.8% YoY

Equity

1,8 M €

-0.0% YoY

What does DEMO do?

DEMO is a Public limited company incorporated in 1993. Its main activity is: Freight transport by road. Its registered office is in Zwalm.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0449.921.335

Incorporation

15/04/1993

Legal form

Public limited company

Registered office

Molenberg(SDB) 4
9630 Zwalm · FlandreSee on map

Contributed capital

62 000,00 €

Latest accounts

30/09/2025

Activities (NACE)

49410Freight transport by road· main 49410Freight transport by road 68203Rental and operating of own or leased real estate 68203Rental and operating of own or leased real estate 70203Management consultancy activities 68100Buying and selling of own real estate+5

Signals

ProfitableSolid equityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	390,4 k €	+12.8%	346,1 k €	-39.2%	569,5 k €	-35.7%	885,6 k €	+17.4%	754,2 k €	+34.8%	559,3 k €	-32.0%	822,7 k €	+32.2%	622,5 k €	+14.7%	542,9 k €	+9.1%	497,4 k €	-20.9%	628,6 k €	-11.7%	711,6 k €	-18.3%	871 k €	+76.6%	493,3 k €	-3.8%	512,9 k €	-28.5%	717 k €	+38.6%	517,4 k €	-46.2%	962,4 k €
EBITDA	285,7 k €	+20.7%	236,7 k €	-49.1%	465,1 k €	-39.8%	772,1 k €	+11.9%	690,2 k €	+41.5%	487,8 k €	-32.8%	725,8 k €	+35.3%	536,2 k €	+20.3%	445,6 k €	+4.8%	425,2 k €	-19.3%	526,8 k €	-11.1%	592,3 k €	-26.6%	807,5 k €	+78.3%	452,9 k €	+8.0%	419,4 k €	+34.5%	311,9 k €	-35.9%	486,8 k €	-48.1%	938 k €
Operating result	192,9 k €	+76.7%	109,2 k €	-65.1%	312,9 k €	-54.0%	679,8 k €	+80.6%	376,5 k €	+92.8%	195,2 k €	-50.0%	390,5 k €	+217%	123,1 k €	-40.5%	206,8 k €	+115%	96 k €	-14.1%	111,9 k €	-33.9%	169,2 k €	-57.2%	395,5 k €	+238%	117,2 k €	+107%	56,7 k €	+133%	-171,1 k €	-249%	115 k €	-83.5%	698,1 k €
Net result	129,6 k €	+37.8%	94,1 k €	-56.0%	213,9 k €	-55.2%	477,2 k €	+75.1%	272,5 k €	+186%	95,3 k €	-64.6%	268,9 k €	+219%	84,4 k €	-58.1%	201,2 k €	+146%	81,7 k €	+33.0%	61,4 k €	-61.3%	158,8 k €	-36.8%	251,3 k €	-49.7%	499,7 k €	+3743%	13 k €	+117%	-75,8 k €	-344%	31 k €	+148%	-64,1 k €
Balance sheet
Equity	1,8 M €	-0.0%	1,8 M €	-6.2%	1,9 M €	+8.7%	1,7 M €	+23.6%	1,4 M €	+17.3%	1,2 M €	-30.8%	1,7 M €	+18.6%	1,4 M €	-11.9%	1,6 M €	+13.1%	1,5 M €	+6.0%	1,4 M €	+2.3%	1,3 M €	+13.5%	1,2 M €	+10.2%	1,1 M €	+87.3%	572,1 k €	+2.3%	559,1 k €	-11.9%	634,9 k €	+5.1%	603,9 k €
Total assets	2,3 M €	-6.7%	2,4 M €	-20.0%	3,1 M €	+37.6%	2,2 M €	+5.3%	2,1 M €	-8.7%	2,3 M €	-14.8%	2,7 M €	-1.9%	2,8 M €	+15.1%	2,4 M €	+9.1%	2,2 M €	-13.1%	2,5 M €	-12.7%	2,9 M €	-5.6%	3,1 M €	+23.0%	2,5 M €	+66.6%	1,5 M €	-20.9%	1,9 M €	+2.2%	1,9 M €	-5.1%	2 M €
Cash	5,6 k €	-85.8%	39,3 k €	+15.3%	34,1 k €	-86.8%	258,6 k €	+137%	109,2 k €	+1370%	7,4 k €	-88.4%	64,3 k €	+159%	24,8 k €	-41.6%	42,4 k €	+20.0%	35,4 k €	+40.5%	25,2 k €	-13.1%	29 k €	+23.4%	23,5 k €	+126%	10,4 k €	+68.2%	6,2 k €	-61.6%	16,1 k €	+188%	5,6 k €	-94.6%	102,9 k €
Debts	439,5 k €	-26.4%	597 k €	-44.7%	1,1 M €	+178%	388 k €	-39.8%	644,9 k €	-38.3%	1 M €	+15.1%	907,7 k €	-25.6%	1,2 M €	+86.0%	655,9 k €	+4.1%	630,4 k €	-39.2%	1 M €	-27.3%	1,4 M €	-18.4%	1,7 M €	+22.9%	1,4 M €	+53.8%	924,6 k €	-30.5%	1,3 M €	+9.2%	1,2 M €	-8.7%	1,3 M €
Other
Workforce	–		1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	-16.7%	1,2 ETP	-33.3%	1,8 ETP	0.0%	1,8 ETP	0.0%	1,8 ETP	0.0%	1,8 ETP	0.0%	1,8 ETP	+5.9%	1,7 ETP	+13.3%	1,5 ETP	+25.0%	1,2 ETP	+33.3%	0,9 ETP	0.0%	0,9 ETP	0.0%	0,9 ETP	+12.5%	0,8 ETP	+100%	0,4 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/09/2025 · 1 active · 8 ended

Active mandates

Freddy De Smet

Director

Active

Ended mandates

Freddy De Smet

Managing director · since 30 mars 2019 · until 29 mars 2025

Ended

Marianne Moerman

Director · since 30 mars 2019 · until 09 juillet 2020

Ended

Marianne Moerman

Director · since 30 mars 2019 · until 29 mars 2025

Ended

Freddy De Smet

Managing director · since 03 avril 2013 · until 03 avril 2019

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/10/2024	01/10/2023	01/10/2022	01/10/2021	01/10/2020	01/10/2019
Closing of the financial year	30/09/2025	30/09/2024	30/09/2023	30/09/2022	30/09/2021	30/09/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	01/04/2026	03/04/2025	31/03/2024	28/03/2023	31/03/2022	26/04/2021
General meeting	28/03/2026	29/03/2025	30/03/2024	25/03/2023	26/03/2022	27/03/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	30/09/2025	28/03/2026	01/04/2026	Dutch	PDF
Abridged model	30/09/2024	29/03/2025	03/04/2025	Dutch	PDF
Abridged model	30/09/2023	30/03/2024	31/03/2024	Dutch	PDF
Abridged model	30/09/2022	25/03/2023	28/03/2023	Dutch	PDF
Abridged model	30/09/2021	26/03/2022	31/03/2022	Dutch	PDF
Abridged model	30/09/2020	27/03/2021	26/04/2021	Dutch	PDF
Abridged model	30/09/2019	28/03/2020	16/04/2020	Dutch	PDF
Abridged model	30/09/2018	30/03/2019	04/04/2019	Dutch	PDF
Abridged model	30/09/2017	31/03/2018	05/04/2018	Dutch	PDF
Abridged model	30/09/2016	25/03/2017	20/04/2017	Dutch	PDF
Abridged model	30/09/2015	26/03/2016	30/03/2016	Dutch	PDF
Abridged model	30/09/2014	28/03/2015	02/04/2015	Dutch	PDF
Abridged model	30/09/2013	31/03/2014	24/04/2014	Dutch	PDF
Abridged model	30/09/2012	30/03/2013	30/04/2013	Dutch	PDF
Abridged model	30/09/2011	31/03/2012	09/04/2012	Dutch	PDF
Abridged model	30/09/2010	04/03/2011	23/05/2011	Dutch	PDF
Abridged model	30/09/2009	30/03/2010	29/04/2010	Dutch	PDF
Abridged model	30/09/2008	06/03/2009	28/03/2009	Dutch	PDF
Abridged model	30/09/2007	26/03/2008	30/04/2008	Dutch	PDF
Abridged model	30/09/2006	26/03/2007	28/03/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 30/09/2025 · 1 active · 8 ended

Active mandates

Freddy De Smet

Director

Active

Ended mandates

Freddy De Smet

Managing director · since 30 mars 2019 · until 29 mars 2025

Ended

Marianne Moerman

Director · since 30 mars 2019 · until 09 juillet 2020

Ended

Marianne Moerman

Director · since 30 mars 2019 · until 29 mars 2025

Ended

Freddy De Smet

Managing director · since 03 avril 2013 · until 03 avril 2019

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates20/07/2020
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
PDF
Mandates12/04/2019
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares22/08/2018
KAPITAAL - AANDELEN
PDF
Capital / shares17/07/2014
KAPITAAL - AANDELEN
PDF
Mandates30/04/2013
DOEL - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates25/11/2005
ONTSLAGEN - BENOEMINGEN
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 2025129,6 k €↑
2024
Annual accounts 202494,1 k €↓
2023
Annual accounts 2023213,9 k €↓
2022
Annual accounts 2022477,2 k €↑
2021
Annual accounts 2021272,5 k €↑
2020
Annual accounts 202095,3 k €↓
2019
Annual accounts 2019268,9 k €↑
2018
Annual accounts 201884,4 k €↓
2017
Annual accounts 2017201,2 k €↑
2015
Annual accounts 201581,7 k €↑
2014
Annual accounts 201461,4 k €↓
2013
Annual accounts 2013158,8 k €↓
2012
Annual accounts 2012251,3 k €↓
2011
Annual accounts 2011499,7 k €↑
2010
Annual accounts 201013 k €↑
2009
Annual accounts 2009-75,8 k €↓
2008
Annual accounts 200831 k €↑
2007
Annual accounts 2007-64,1 k €
15/04/1993
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

DEMO

Overview

What does DEMO do?

Trend over 18 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