ACTIVE

CYGA

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Financial year 2025 · closed on 31/12/2025

Net result

292,1 k €

-6.1% YoY

Revenue

150,9 k €

-12.0% YoY

Equity

35,2 M €

-0.9% YoY

What does CYGA do?

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

View the BCE/KBO Public Search record →

Health score

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Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 15 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011
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 €	+46.5%	368,4 k €	-39.8%	611,5 k €	-25.9%	825,2 k €	+0.0%	825,2 k €	-0.0%	825,2 k €	+20.9%	682,7 k €	+7.3%	636,3 k €	-0.9%	641,8 k €	+13.0%	567,9 k €		–
EBITDA	93 k €	-19.7%	115,7 k €	+166%	43,5 k €	+133%	-131,2 k €	-126%	513,7 k €	+312%	-242,1 k €	-62.8%	-148,7 k €	-493%	37,8 k €	+115%	-250,4 k €	-751%	-29,4 k €	+87.9%	-243,2 k €	-158%	-94,4 k €	-178%	121,6 k €	+350%	-48,6 k €	-234%	-14,5 k €
Operating result	75,1 k €	-24.5%	99,5 k €	+143%	41 k €	+131%	-132,2 k €	-126%	507,2 k €	+307%	-245,4 k €	-64.4%	-149,3 k €	-607%	29,5 k €	+112%	-252,9 k €	-679%	-32,5 k €	+87.2%	-254,6 k €	-129%	-111,3 k €	-206%	105,2 k €	+282%	-57,8 k €	-298%	-14,5 k €
Net result	292,1 k €	-6.1%	310,9 k €	-69.2%	1 M €	+285%	-545,4 k €	-105%	11,3 M €	+3550%	309 k €	-66.4%	920,9 k €	-37.0%	1,5 M €	+79.7%	812,9 k €	+27.9%	635,6 k €	+22.3%	519,9 k €	+3.4%	502,6 k €	-23.4%	656 k €	-93.4%	9,9 M €	+61541%	-16,1 k €
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 €	+37.2%	27,1 M €	+1.2%	26,8 M €	+2.4%	26,1 M €	+4.6%	25 M €	-0.3%	25,1 M €	+152%	9,9 M €	-2.7%	10,2 M €	-3.6%	10,6 M €	+0.5%	10,5 M €	+659%	1,4 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 €	+37.3%	27,1 M €	-0.0%	27,1 M €	+2.4%	26,5 M €	+2.2%	25,9 M €	-0.3%	26 M €	+161%	10 M €	-10.5%	11,1 M €	-0.8%	11,2 M €	-0.8%	11,3 M €	+710%	1,4 M €
Cash	200 k €	+41.5%	141,3 k €	+1076%	12 k €	-63.0%	32,5 k €	-74.7%	128,3 k €	+35.4%	94,8 k €	-7.0%	101,9 k €	+0.2%	101,7 k €	-62.9%	274,4 k €	+485%	46,9 k €	-1.9%	47,8 k €	-52.2%	100 k €	-79.6%	490,3 k €	+11.4%	440,2 k €	+434%	82,4 k €
Debts	9,5 k €	-32.2%	14 k €	-31.3%	20,3 k €	-30.2%	29,1 k €	-50.4%	58,7 k €	+156%	22,9 k €	-93.4%	345,1 k €	+7.3%	321,6 k €	-65.2%	923,7 k €	+0.5%	919,1 k €	+5638%	16 k €	-98.2%	904,5 k €	+45.6%	621,2 k €	-19.2%	768,8 k €	+12051%	6,3 k €

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 · 4 active · 19 ended

Active mandates

TDEVELOPMENT

Director · since 01 octobre 2021 · 0774.835.802

Represented by Thibaud DEMOT

Active

Danielle Louise Demot

Director · since 20 décembre 2019

Active

Michel Demot

Managing director · since 20 décembre 2019

Active

Philip Demot

Managing director · since 20 décembre 2019

Active

Ended mandates

Daniëlle Demot

Director · since 23 août 2016 · until 01 juin 2022

Ended

Michel Demot

Managing director · since 23 août 2016 · until 01 juin 2022

Ended

Philip Demot

Managing director · since 23 août 2016 · until 01 juin 2022

Ended

Danielle Demot

Director · since 28 décembre 2011 · until 29 avril 2016

Ended

At this address

Other companies at this address

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

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	m120-f-p
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

Ratios

Financial ratios

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Filings

Annual accounts filings

30 filings with the NBB

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
m120-f-p	31/12/2024	30/06/2025	09/07/2025	Dutch	PDF
Full model	31/12/2023	30/07/2024	30/07/2024	Dutch	PDF
m120-f-p	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
m120-f-p	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
m120-f-p	31/12/2021	22/06/2022	30/06/2022	Dutch	PDF
Full model	31/12/2020	02/06/2021	03/06/2021	Dutch	PDF
m120-f-p	31/12/2020	02/06/2021	25/06/2021	Dutch	PDF
Full model	31/12/2019	03/06/2020	04/06/2020	Dutch	PDF
m120-f-p	31/12/2019	03/06/2020	11/06/2020	Dutch	PDF
Full model	31/12/2018	05/06/2019	07/06/2019	Dutch	PDF
m120-f-p	31/12/2018	05/06/2019	17/06/2019	Dutch	PDF
Full model	31/12/2017	06/06/2018	19/09/2018	Dutch	PDF
m120-f-p	31/12/2017	06/06/2018	21/06/2018	Dutch	PDF
Full model	31/12/2016	07/06/2017	13/06/2017	Dutch	PDF
m120-f-pCorrection	31/12/2016	07/06/2017	10/08/2017	Dutch	PDF
m120-f-p	31/12/2016	07/06/2017	31/07/2017	Dutch	PDF
Full model	31/12/2015	29/04/2016	18/05/2016	Dutch	PDF
m120-f-p	31/12/2015	22/06/2016	08/08/2016	Dutch	PDF

View all 30 filings

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 · 4 active · 19 ended

Active mandates

TDEVELOPMENT

Director · since 01 octobre 2021 · 0774.835.802

Represented by Thibaud DEMOT

Active

Danielle Louise Demot

Director · since 20 décembre 2019

Active

Michel Demot

Managing director · since 20 décembre 2019

Active

Philip Demot

Managing director · since 20 décembre 2019

Active

Ended mandates

Daniëlle Demot

Director · since 23 août 2016 · until 01 juin 2022

Ended

Michel Demot

Managing director · since 23 août 2016 · until 01 juin 2022

Ended

Philip Demot

Managing director · since 23 août 2016 · until 01 juin 2022

Ended

Danielle Demot

Director · since 28 décembre 2011 · until 29 avril 2016

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

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
Capital / shares17/05/2016
KAPITAAL - AANDELEN
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 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

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

CYGA

Overview

What does CYGA do?

Trend over 15 financial years

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