ACTIVE

CYGA

Financial year 2025 · Closed on 31/12/2025

Net result292,1 k €-6,1 %over 1 year

Revenue150,9 k €-12,0 %over 1 year

Equity35,2 M €-0,9 %over 1 year

Identity

Source · BCE/KBO

CYGA is a Private limited company incorporated in 2011. Its main activity is: Activities of holding companies. Its registered office is in Hasselt.

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0842.191.117
Incorporation: 28/12/2011
Legal form: Private limited company
Registered office: Europalaan 9
3500 Hasselt · FlandreSee on map
Contributed capital: 14 726 644,17 €
Latest accounts: 31/12/2025

Activities (NACE)

64200Activities of holding companies· main 64210Activities of holding companies 70200Management consultancy activities 70220Business and other management consultancy activities

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

Financials

Source · NBB, 30 filings

Trend over 15 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	150,9 k €	-12.0%	171,5 k €	-3.3%	177,3 k €	-32.5%	262,5 k €	-51.3%	539,6 k €
EBITDA	93 k €	-19.7%	115,7 k €	+166%	43,5 k €	+133%	-131,2 k €	-126%	513,7 k €
Operating result	75,1 k €	-24.5%	99,5 k €	+143%	41 k €	+131%	-132,2 k €	-126%	507,2 k €
Net result	292,1 k €	-6.1%	310,9 k €	-69.2%	1 M €	+285%	-545,4 k €	-105%	11,3 M €
Balance sheet
Equity	35,2 M €	-0.9%	35,5 M €	+0.9%	35,2 M €	-0.5%	35,4 M €	-4.7%	37,2 M €
Total assets	35,2 M €	-0.9%	35,5 M €	+0.9%	35,2 M €	-0.6%	35,4 M €	-4.8%	37,2 M €
Cash	200 k €	+41.5%	141,3 k €	+1076%	12 k €	-63.0%	32,5 k €	-74.7%	128,3 k €
Debts	9,5 k €	-32.2%	14 k €	-31.3%	20,3 k €	-30.2%	29,1 k €	-50.4%	58,7 k €

Valuation

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

4 active · 6 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
TDEVELOPMENT0774.835.802Represented by Thibaud DEMOT	Directorsince 01/10/2021
Danielle Louise Demot	Directorsince 20/12/2019
Michel Demot	Managing directorsince 23/08/2016Director28/12/2011 → 2011 accountsended
Philip Demot	Managing directorsince 30/04/2010Director2023 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Daniëlle Demot	Director28/12/2011 → 2018 accounts
Abdelhakim Chagaar	Director26/11/2010 → 28/12/2011
Richardus Brekelmans	Director26/11/2010 → 28/12/2011

Other companies at this address

Europalaan 9 3500 Hasselt

Company	CBE no.
DEMBO● Active	0723.863.488
Philmar● Active	0715.627.101

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Consolidated accounts
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	13/07/2026	09/07/2025	30/07/2024	26/03/2024	17/07/2023	25/06/2021
General meeting	30/06/2026	30/06/2025	30/07/2024	30/06/2023	30/06/2022	02/06/2021
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, 30 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	30/06/2026	13/07/2026	Dutch	PDF
Full model	31/12/2024	30/06/2025	09/07/2025	Dutch	PDF
Consolidated accounts	31/12/2024	30/06/2025	09/07/2025	Dutch	PDF
Full model	31/12/2023	30/07/2024	30/07/2024	Dutch	PDF
Consolidated accounts	31/12/2023	12/07/2024	07/08/2024	Dutch	PDF
Full modelCorrection	31/12/2022	30/06/2023	26/03/2024	Dutch	PDF
Full model	31/12/2022	30/06/2023	12/07/2023	Dutch	PDF
Consolidated accounts	31/12/2022	09/08/2023	09/08/2023	Dutch	PDF
Full modelCorrection	31/12/2021	30/06/2022	17/07/2023	Dutch	PDF
Full model	31/12/2021	22/06/2022	11/07/2022	Dutch	PDF
Consolidated accounts	31/12/2021	22/06/2022	30/06/2022	Dutch	PDF
Full model	31/12/2020	02/06/2021	03/06/2021	Dutch	PDF
Consolidated accounts	31/12/2020	02/06/2021	25/06/2021	Dutch	PDF
Full model	31/12/2019	03/06/2020	04/06/2020	Dutch	PDF
Consolidated accounts	31/12/2019	03/06/2020	11/06/2020	Dutch	PDF
Full model	31/12/2018	05/06/2019	07/06/2019	Dutch	PDF
Consolidated accounts	31/12/2018	05/06/2019	17/06/2019	Dutch	PDF
Full model	31/12/2017	06/06/2018	19/09/2018	Dutch	PDF
Consolidated accounts	31/12/2017	06/06/2018	21/06/2018	Dutch	PDF
Full model	31/12/2016	07/06/2017	13/06/2017	Dutch	PDF
Consolidated accountsCorrection	31/12/2016	07/06/2017	10/08/2017	Dutch	PDF
Consolidated accounts	31/12/2016	07/06/2017	31/07/2017	Dutch	PDF
Full model	31/12/2015	29/04/2016	18/05/2016	Dutch	PDF
Consolidated accounts	31/12/2015	22/06/2016	08/08/2016	Dutch	PDF

View all 30 filings

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.

Board of directors

Source · NBB, accounts to 31/12/2025

4 active · 6 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
TDEVELOPMENT0774.835.802Represented by Thibaud DEMOT	Directorsince 01/10/2021
Danielle Louise Demot	Directorsince 20/12/2019
Michel Demot	Managing directorsince 23/08/2016Director28/12/2011 → 2011 accountsended
Philip Demot	Managing directorsince 30/04/2010Director2023 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Daniëlle Demot	Director28/12/2011 → 2018 accounts
Abdelhakim Chagaar	Director26/11/2010 → 28/12/2011
Richardus Brekelmans	Director26/11/2010 → 28/12/2011

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates08/07/2026
HERBENOEMING COMMISSARIS
PDF
Mandates21/04/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates23/12/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates05/03/2020
WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/07/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/05/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates26/10/2016
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates20/06/2016
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

Filings15 filings

Mandates

TDEVELOPMENT

Michel Demot

Philip Demot

Danielle Louise Demot

Daniëlle Demot

Abdelhakim Chagaar

Richardus Brekelmans

Michel de heer DEMOT

Danielle juffrouw DEMOT

Philip de heer DEMOT

20102011201220132014201520162017201820192020202120222023202420252026

CYGA

Europalaan 9, 3500 Hasselt

Director

Managing director

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Europalaan 9, 3500 HasseltCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00284047

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
CYGACurrent	accounts 2011 → 2025	Accounts 2025 · 2026-00284047

Events

2025
Annual accounts 2025292,1 k €↓
2024
Annual accounts 2024310,9 k €↓
2023
Annual accounts 20231 M €↑
2022
Annual accounts 2022-545,4 k €↓
2021
Annual accounts 202111,3 M €↑
2020
Annual accounts 2020309 k €↓
2019
Annual accounts 2019920,9 k €↓
2018
Annual accounts 20181,5 M €↑
2017
Annual accounts 2017812,9 k €↑
2016
Annual accounts 2016635,6 k €↑
2015
Annual accounts 2015519,9 k €↑
2014
Annual accounts 2014502,6 k €↓
2013
Annual accounts 2013656 k €↓
2012
Annual accounts 20129,9 M €↑
2011
Annual accounts 2011-16,1 k €
28/12/2011
IncorporationPrivate limited company

CYGA

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