Financials
Financial year 2025
DEMAK from Kuurne, company number BE0419106910, closed financial year 2025 with a result of € 373,949 after tax. For that financial year DEMAK recorded a gross margin of € 907,474 and equity of € 5.5 million. Compared with financial year 2024, the result moved from € 511,273 to € 373,949. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on April 2, 2026.
€ 5.5 million
▲ 7% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 373,949
▼ 27% vs 2024
Profit after tax over the fiscal year.
€ 2.1 million
▲ 36% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 5.3 million.
People and assets in 2025
€ 427
▼ 91% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 156,700
Loans from banks and other lenders, long and short.
€ 25,370
▼ 83% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 4,040
▼ 92% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 1,043,889 | € 1,125,359 | € 1,043,294 | € 907,474 | ▼ 13% |
| Profit after taxes | € 498,174 | € 565,831 | € 511,273 | € 373,949 | ▼ 27% |
| Equity | € 4,049,894 | € 4,615,725 | € 5,126,998 | € 5,500,946 | ▲ 7% |
| Total debts | € 2,640,009 | € 2,529,737 | € 2,457,691 | € 2,127,118 | ▼ 13% |
| Cash | € 3,123,191 | € 2,149,822 | € 1,528,362 | € 2,081,605 | ▲ 36% |
| Land & buildings | € 3,610,673 | € 3,643,711 | € 4,081,551 | € 4,193,187 | ▲ 3% |
| Retained profit | € 3,810,221 | € 4,376,052 | € 4,887,325 | € 5,261,274 | ▲ 8% |
| Bank debt | € 156,700 | € 156,700 | € 156,700 | € 156,700 | |
| Balance sheet total | € 6,756,051 | € 7,208,685 | € 7,644,985 | € 7,685,435 | ▲ 1% |
Key figures of DEMAK, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 April 2027.
What happened to DEMAK?
What happened at DEMAK in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 373,949 (▼ 27% vs 2024). Source: NBB ↗
- New establishment in Kuurne. KBO
- Start of the company according to the CBE. KBO
In short
From € 498,174 profit in 2022 to € 373,949 profit in 2025.
Paid € 931,285 in corporate taxes since 2022.
Best year ever: 2023, with € 565,831 profit.
Management
Behind DEMAK are Hilda Iserbyt and Arnold De Muynck.
Directors
According to the 2025 annual accounts
Hilda Iserbyt
Director
Arnold De Muynck
Director
Establishments
Establishment units
Physical locations of this company
Ringlaan 5D
8520 Kuurne
Ringlaan 5 box D
8520 Kuurne
Active since 15 February 1979
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0419.106.910
- VAT number
- BE 0419.106.910
- Registered office
- Ringlaan 5D, 8520 Kuurne
- Names & denominations
- DEMAK
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 1 February 1979
- Peppol
- Active · Active since 17 Mar 2026
- Activities · NACE
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen
Plaatsen van vloer- en wandtegels
Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen
Houwen, bewerken en afwerken van natuursteen
Groothandel in sanitair
Winning van sier- en bouwsteen