Financials
Financial year 2025
DEMOCRAT from Waregem, company number BE0438800383, closed financial year 2025 with a result of € -6,098 after tax. For that financial year DEMOCRAT recorded a gross margin of € -1,879 and equity of € 50,459. Compared with financial year 2024, the result moved from € 7,429 to € -6,098. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 28, 2026.
€ 50,459
▼ 11% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -6,098
▼ still € 7,429 profit in 2024
Profit after tax over the fiscal year.
€ 17,382
▼ 35% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 13,275.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 672
▼ 61% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 2,759
▼ 33% 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 | € 13,929 | € 9,677 | € 14,850 | € -1,879 | ▼ € 16,730 |
| Profit after taxes | € 5,309 | € 3,682 | € 7,429 | € -6,098 | ▼ € 13,527 |
| Equity | € 45,446 | € 49,128 | € 56,557 | € 50,459 | ▼ 11% |
| Total debts | € 80,656 | € 31,566 | € 33,965 | € 8,745 | ▼ 74% |
| Cash | € 56,971 | € 14,987 | € 26,730 | € 17,382 | ▼ 35% |
| Land & buildings | € 43,182 | € 40,439 | € 39,149 | € 37,860 | ▼ 3% |
| Retained profit | € 8,262 | € 11,944 | € 19,373 | € 13,275 | ▼ 31% |
| Balance sheet total | € 126,102 | € 80,694 | € 90,522 | € 59,204 | ▼ 35% |
Key figures of DEMOCRAT, 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 DEMOCRAT?
What happened at DEMOCRAT in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Mireille Tanghe stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 6,098 (▼ € 13,527 vs 2024). Source: NBB ↗
- Ignace Deweer became a director. NBB
- IDECO BV became a director. NBB
- Mireille Tanghe became a director. NBB
- New establishment in Waregem. KBO
- Start of the company according to the CBE. KBO
In short
From € 5,309 profit in 2022 to € 6,098 loss in 2025.
Paid € 3,686 in corporate taxes since 2022.
Best year ever: 2024, with € 7,429 profit.
Management
The stake of IDECO comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
DEMOCRATBehind DEMOCRAT are Ignace Deweer and IDECO BV. The shares are held by IDECO (97.3%).
Directors
According to the 2025 annual accounts
since 2023
since 2023
since 2023 · until 2027
Shareholders
97.3%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Zuiderpromenade 17 box 51
8790 Waregem
Vijfseweg 91
8790 Waregem
Active since 14 January 1992
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
- 0438.800.383
- VAT number
- BE 0438.800.383
- Registered office
- Zuiderpromenade 17 bus 51, 8790 Waregem
- Names & denominations
- DEMOCRAT
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 26 October 1989
- Peppol
- Active · Active since 1 Sept 2025