ACTIVE

MENUISERIE DEMARCHE

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Financial year 2025 · closed on 31/12/2025

Net result

262,8 k €

+32.9% YoY

Gross margin

952 k €

+14.6% YoY

Equity

959,9 k €

+7.0% YoY

Workforce

9,2 ETP

-1.1% YoY

What does MENUISERIE DEMARCHE do?

MENUISERIE DEMARCHE is a Public limited company incorporated in 1995. Its main activity is: Manufacture of other builders' carpentry and joinery. Its registered office is in Blégny. It employs on average 9,2 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0454.429.360

Incorporation

24/01/1995

Legal form

Public limited company

Registered office

Rue Justin Sauvenier 25
4671 Blégny · WallonieSee on map

Contributed capital

99 997,77 €

Latest accounts

31/12/2025

Average workforce

9,2 ETP

Activities (NACE)

16230Manufacture of other builders' carpentry and joinery· main 16230Manufacture of other builders' carpentry and joinery 20300Manufacture of paints, varnishes and similar coatings, printing ink and mastics 43320Joinery installation 43320Joinery installation 45421Sale, maintenance and repair of motorcycles and related parts and accessories+2

Joint committees (3)

Contacts

3 public details availableLog in to view

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	952 k €	+14.6%	831,1 k €	+12.0%	741,7 k €	+2.6%	722,6 k €	+28.9%	560,4 k €	+6.3%	527,2 k €	-14.1%	614 k €	-1.1%	621 k €	+23.6%	502,4 k €	-3.7%	521,8 k €	-0.6%	524,8 k €	-14.5%	613,7 k €	+1.1%	607 k €	+8.0%	561,9 k €	+13.7%	494,3 k €	+5.4%	468,8 k €	+2.9%	455,7 k €	+7.1%	425,3 k €	+27.5%	333,5 k €
EBITDA	400,1 k €	+26.0%	317,5 k €	+26.5%	251 k €	+4.1%	241,2 k €	+36.6%	176,5 k €	+3.6%	170,4 k €	-19.6%	211,9 k €	-17.6%	257,1 k €	+71.3%	150,1 k €	-16.1%	178,9 k €	+10.1%	162,6 k €	-30.4%	233,7 k €	+8.9%	214,6 k €	+12.3%	191,1 k €	+2.9%	185,7 k €	-1.7%	189 k €	+21.3%	155,7 k €	+1.0%	154,2 k €	+31.7%	117,1 k €
Operating result	342,3 k €	+32.1%	259,2 k €	+37.9%	188,1 k €	-0.4%	188,8 k €	+72.6%	109,4 k €	+80.3%	60,7 k €	-29.3%	85,8 k €	+4.5%	82,2 k €	+65.1%	49,7 k €	-33.2%	74,5 k €	+49.7%	49,8 k €	-30.3%	71,4 k €	-19.5%	88,6 k €	+16.0%	76,4 k €	+16.2%	65,8 k €	-17.3%	79,5 k €	+1.0%	78,7 k €	+41.9%	55,5 k €	+84.9%	30 k €
Net result	262,8 k €	+32.9%	197,7 k €	+25.1%	158 k €	-4.5%	165,4 k €	+68.8%	98 k €	+60.4%	61,1 k €	-32.2%	90,1 k €	+24.5%	72,3 k €	+43.7%	50,3 k €	-16.8%	60,5 k €	+40.2%	43,2 k €	-38.3%	70 k €	+3.9%	67,4 k €	+11.9%	60,3 k €	+41.1%	42,7 k €	-22.5%	55,1 k €	-5.6%	58,4 k €	+67.6%	34,8 k €	+42.7%	24,4 k €
Balance sheet
Equity	959,9 k €	+7.0%	897,1 k €	-0.3%	899,4 k €	-4.5%	941,3 k €	-3.6%	976,8 k €	+10.7%	882,6 k €	-1.8%	898,5 k €	+10.5%	813,1 k €	+7.6%	755,8 k €	+4.7%	721,9 k €	+6.6%	677 k €	+7.0%	632,9 k €	+12.7%	561,6 k €	+11.5%	503,6 k €	+15.1%	437,5 k €	+8.8%	402,1 k €	+18.7%	338,8 k €	+27.0%	266,8 k €	+12.8%	236,5 k €
Total assets	1,3 M €	-9.9%	1,4 M €	-0.7%	1,4 M €	+9.6%	1,3 M €	+23.4%	1,1 M €	+8.7%	975,3 k €	-8.4%	1,1 M €	+1.7%	1 M €	+13.7%	921,1 k €	-0.1%	921,7 k €	-2.2%	942,5 k €	-1.0%	952,5 k €	+10.9%	859,2 k €	-6.9%	922,6 k €	+3.3%	893,5 k €	-0.6%	898,7 k €	+8.2%	830,8 k €	+32.7%	626,1 k €	-0.0%	626,3 k €
Cash	540 k €	+47.0%	367,5 k €	-20.9%	464,3 k €	-18.6%	570,4 k €	+32.4%	430,7 k €	-0.6%	433,5 k €	+2.3%	423,6 k €	+6.0%	399,6 k €	-5.5%	422,7 k €	+20.1%	351,9 k €	+9.6%	321 k €	+39.3%	230,4 k €	-4.9%	242,3 k €	+6.5%	227,6 k €	+80.8%	125,9 k €	-28.8%	176,7 k €	+6.6%	165,7 k €	+89.4%	87,5 k €	+130%	38 k €
Debts	323,1 k €	-38.2%	522,6 k €	-2.2%	534,1 k €	+45.6%	366,9 k €	+372%	77,8 k €	-16.0%	92,7 k €	-44.1%	165,9 k €	-29.1%	233,8 k €	+41.4%	165,3 k €	-17.2%	199,7 k €	-24.8%	265,5 k €	-16.9%	319,7 k €	+7.4%	297,6 k €	-29.0%	419,1 k €	-8.1%	456 k €	-8.2%	496,6 k €	+0.9%	492 k €	+37.0%	359,2 k €	-7.8%	389,8 k €
Other
Workforce	9,2 ETP	-1.1%	9,3 ETP	+12.0%	8,3 ETP	-4.6%	8,7 ETP	+8.7%	8,0 ETP	+15.9%	6,9 ETP	-21.6%	8,8 ETP	-5.4%	9,3 ETP	+4.5%	8,9 ETP	+4.7%	8,5 ETP	-1.2%	8,6 ETP	-1.1%	8,7 ETP	-3.3%	9,0 ETP	+2.3%	8,8 ETP	+7.3%	8,2 ETP	+13.9%	7,2 ETP	-2.7%	7,4 ETP	+2.8%	7,2 ETP	+1.4%	7,1 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 31/12/2025 · 2 active · 17 ended

Active mandates

REDUX

Director · since 08 juillet 2023 · 0803.319.653

Represented by Alix WELTER

Active

TANGRAM

Director · 0803.455.255

Represented by Laurent Demarche

Active

Ended mandates

TANGRAM

Director · since 08 juillet 2023 · 0803.455.255

Represented by Laurent DEMARCHE

Ended

Laurent Demarche

Director · since 01 octobre 2019

Ended

Marie Henriette Tychon

Director · since 01 octobre 2019 · until 06 juin 2023

Ended

Pierre Demarche

Managing director · since 01 octobre 2019 · until 21 juin 2025

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged 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	29/06/2026	26/06/2025	22/07/2024	28/06/2023	19/07/2022	25/08/2021
General meeting	20/06/2026	21/06/2025	29/06/2024	06/06/2023	30/06/2022	07/07/2021
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	20/06/2026	29/06/2026	French	PDF
Abridged model	31/12/2024	21/06/2025	26/06/2025	French	PDF
Abridged model	31/12/2023	29/06/2024	22/07/2024	French	PDF
Abridged model	31/12/2022	06/06/2023	28/06/2023	French	PDF
Abridged model	31/12/2021	30/06/2022	19/07/2022	French	PDF
Abridged model	31/12/2020	07/07/2021	25/08/2021	French	PDF
Abridged model	31/12/2019	31/05/2020	12/08/2020	French	PDF
Abridged modelCorrection	31/12/2018	31/05/2019	14/08/2019	French	PDF
Abridged model	31/12/2018	31/05/2019	14/08/2019	French	PDF
Abridged model	31/12/2017	25/05/2018	02/07/2018	French	PDF
Abridged model	31/12/2016	26/05/2017	05/07/2017	French	PDF
Abridged model	31/12/2015	27/05/2016	03/08/2016	French	PDF
Abridged model	31/12/2014	29/05/2015	01/07/2015	French	PDF
Abridged model	31/12/2013	30/05/2014	01/07/2014	French	PDF
Abridged model	31/12/2012	24/05/2013	12/07/2013	French	PDF
Abridged model	31/12/2011	25/05/2012	13/07/2012	French	PDF
Abridged model	31/12/2010	27/05/2011	09/08/2011	French	PDF
Abridged model	31/12/2009	31/05/2010	29/07/2010	French	PDF
Abridged model	31/12/2008	31/05/2009	21/08/2009	French	PDF
Abridged model	31/12/2007	11/06/2008	01/08/2008	French	PDF
Abridged model	31/12/2006	13/06/2007	16/07/2007	French	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 31/12/2025 · 2 active · 17 ended

Active mandates

REDUX

Director · since 08 juillet 2023 · 0803.319.653

Represented by Alix WELTER

Active

TANGRAM

Director · 0803.455.255

Represented by Laurent Demarche

Active

Ended mandates

TANGRAM

Director · since 08 juillet 2023 · 0803.455.255

Represented by Laurent DEMARCHE

Ended

Laurent Demarche

Director · since 01 octobre 2019

Ended

Marie Henriette Tychon

Director · since 01 octobre 2019 · until 06 juin 2023

Ended

Pierre Demarche

Managing director · since 01 octobre 2019 · until 21 juin 2025

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates17/03/2026
DEMISSIONS, NOMINATIONS
PDF
Mandates27/02/2024
SIEGE SOCIAL - DEMISSIONS, NOMINATIONS
PDF
Mandates23/08/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates11/07/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates09/10/2013
DEMISSIONS, NOMINATIONS
PDF
Other11/01/2013
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Mandates10/03/2011
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 2025262,8 k €↑
2024
Annual accounts 2024197,7 k €↑
2023
Annual accounts 2023158 k €↓
2022
Annual accounts 2022165,4 k €↑
2021
Annual accounts 202198 k €↑
2019
Annual accounts 201961,1 k €↓
2018
Annual accounts 201890,1 k €↑
2017
Annual accounts 201772,3 k €↑
2016
Annual accounts 201650,3 k €↓
2015
Annual accounts 201560,5 k €↑
2014
Annual accounts 201443,2 k €↓
2013
Annual accounts 201370 k €↑
2012
Annual accounts 201267,4 k €↑
2011
Annual accounts 201160,3 k €↑
2010
Annual accounts 201042,7 k €↓
2009
Annual accounts 200955,1 k €↓
2008
Annual accounts 200858,4 k €↑
2007
Annual accounts 200734,8 k €↑
2006
Annual accounts 200624,4 k €
24/01/1995
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

MENUISERIE DEMARCHE

Overview

What does MENUISERIE DEMARCHE do?

Trend over 19 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