Financials
Financial year 2025
Democrazy vzw from Gent, company number BE0422076791, closed financial year 2025 with a result of € 44,964 after tax. For that financial year Democrazy vzw recorded a gross margin of € 664,883 and equity of € 423,764. Compared with financial year 2024, the result moved from € 4,444 to € 44,964. Profitable, and profit is growing. 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 June 5, 2026.
€ 423,764
▲ 12% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 44,964
▲ € 40,520 vs 2024
Profit after tax over the fiscal year.
€ 635,838
▲ 53% vs 2024
Cash and bank balances on the last day of the fiscal year.
People and assets in 2025
8.4
▲ 0.7 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 574,652
▲ 11% vs 2024
€ 68,400 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 3,056
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 176,059
▲ 93% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 129,171
▲ 41% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 537,618 | € 649,739 | € 550,474 | € 664,883 | ▲ 21% |
| Profit after taxes | € 11,058 | € 114,255 | € 4,444 | € 44,964 | ▲ € 40,520 |
| Equity | € 260,101 | € 374,356 | € 378,800 | € 423,764 | ▲ 12% |
| Total debts | € 218,734 | € 453,490 | € 372,963 | € 523,234 | ▲ 40% |
| Cash | € 298,079 | € 641,064 | € 416,356 | € 635,838 | ▲ 53% |
| Retained profit | € 249,597 | € 363,852 | € 368,296 | € 413,260 | ▲ 12% |
| Balance sheet total | € 478,835 | € 827,845 | € 751,763 | € 946,998 | ▲ 26% |
| Employees (FTE) | 8 | 7.6 | 7.7 | 8.4 | ▲ 0.7 |
Key figures of Democrazy vzw, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to Democrazy vzw?
What happened at Democrazy vzw in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 44,964 (▲ € 40,520 vs 2024). Source: NBB ↗
- New establishment in Gent. KBO
- Start of the company according to the CBE. KBO
In short
From € 11,058 profit in 2022 to € 44,964 profit in 2025.
Best year ever: 2023, with € 114,255 profit.
On average € 79,200 of value added per employee in 2025.
Management
Behind Democrazy vzw are Nicolas Vandecaveye, Hendrik Vandecaveye, Dirk Verleyen, Els Vandenbulcke, Sarah Vanden Bulcke and Wouter Vermeylen. Nicolas Vandecaveye is also behind Muziekclub Wintercircus. Hendrik Vandecaveye is also behind Behoud De Begeerte and Cultuurcentrum De Grote Post. Dirk Verleyen is also behind Advocatenkantoor Dirk Verleyen.
Directors
According to the 2025 annual accounts
Els Vandenbulcke
Director
Sarah Vanden Bulcke
Director
Steven Heene
Director
Buki Owa
Director
Establishments
Establishment units
Physical locations of this company
Schepenenvijverstraat 4 box /001
9000 Gent
Burggravenlaan 62
9000 Gent
Active since 30 January 2007
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0422.076.791
- VAT number
- BE 0422.076.791
- Registered office
- Schepenenvijverstraat 4 bus /001, 9000 Gent
- Names & denominations
- Democrazy vzw
- Enterprise type
- Rechtspersoon
- Legal form
- Non-profit association
- Legal situation
- Normale toestand
- Start date
- 5 June 1981
- Peppol
- Active · Active since 27 Aug 2023
- Activities · NACE
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