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Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Busy address KBO
44 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
DEMOCO GROUP from Hasselt, company number BE0479223847, closed financial year 2025 with a result of € 549,826 after tax. For that financial year DEMOCO GROUP recorded revenue of € 13 million and equity of € 22.4 million. Compared with financial year 2024, the result moved from € 533,669 to € 549,826. 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 July 3, 2026.
€ 22.4 million
▲ 3% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 549,826
▲ 3% vs 2024
Profit after tax over the fiscal year.
€ 677,477
▼ 66% 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 € 9.9 million.
People and assets in 2025
37
▲ 5.1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 3.9 million
▲ 16% vs 2024
€ 106,100 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.
€ 752,048
▲ 76% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 1.3 million
▲ 1% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 52 days on average.
€ 743,145
▲ 35% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 8,754,059 | € 8,332,592 | € 9,728,271 | € 12,963,459 | ▲ 33% |
| Profit after taxes | € 85,089 | € 94,669 | € 533,669 | € 549,826 | ▲ 3% |
| Equity | € 21,220,857 | € 21,315,527 | € 21,849,196 | € 22,399,022 | ▲ 3% |
| Total debts | € 4,444,604 | € 9,430,685 | € 5,050,137 | € 3,665,875 | ▼ 27% |
| Cash | € 1,477,788 | € 1,974,793 | € 1,990,379 | € 677,477 | ▼ 66% |
| Retained profit | € 8,720,857 | € 8,815,527 | € 9,349,196 | € 9,899,022 | ▲ 6% |
| Bank debt | € 29,445 | € 0 | € 0 | € 0 | |
| Balance sheet total | € 25,665,461 | € 30,746,211 | € 26,899,333 | € 26,064,896 | ▼ 3% |
| Employees (FTE) | 34.7 | 34.1 | 31.9 | 37 | ▲ 5.1 |
Key figures of DEMOCO GROUP, 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 DEMOCO GROUP?
What happened at DEMOCO GROUP in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Rafine BV stepped down as director. NBB
- CYGA BV stepped down as director. NBB
- Hans WILMOTS stepped down as director. NBB
- TDEVELOPMENT BV stepped down as director. NBB
- NAMICOM BV stepped down as director. NBB
- BRAMS JORIS BV stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 549,826 (▲ 3% vs 2024). Source: NBB ↗
- SARKRI NV stepped down as director. NBB
In short
From € 85,089 profit in 2022 to € 549,826 profit in 2025.
Paid € 38,074 in corporate taxes since 2022.
Best year ever: 2025, with € 549,826 profit.
Pays suppliers within 52 days on average.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The shares are held by Cyga BV (64.1%), Sarkri NV (12.9%), Tiga-R NV (12.9%) and FBInvest BV (10%). It owns 100% of The Energy Circle, 100% of DEMOCO, 100% of DEBUILD, 99.8% of DEMOCO POLAND, 80% of DEHOLI and 36.3% of AEW GREEN ENERGY SOLUTIONS itself.
Directors
According to the 2025 annual accounts
Hans WILMOTS
Director
Also active at: MIJNEN, Arte, AFFIX INTERNATIONAL, LIMBURGSE RECONVERSIE MAATSCHAPPIJ, NOSTER, ROODE VETER, ClarityAdvisory, MBB7 Capital Invest +8 more
since 2023 · until 2029
Director · represented by Johan Van den Broeck
Also active at: VANDENBRIELE, A.E.W., DEHOLI, CIRIL, DEMOCO, AEW Security, Demtec Services, DEBUILD +2 more
since 2022 · until 2025
Director · represented by Ronny Houben
Also active at: DAENINCK & DEWEERDT, VANDENBRIELE, A.E.W., DEHOLI, HERK&RED, CIRIL, DEMOCO, AEW Security +1 more
since 2020 · until 2026
Director · represented by Rudy Houben
Also active at: VANDENBRIELE, DEHOLI, HERK&RED, CIRIL, DEMOCO, Demtec Services, DEBUILD
since 2020 · until 2026
since 2024 · until 2027
Director · represented by Raf Houben
Also active at: THE ENERGY CIRCLE, DEHOLI, DEMOCO, TIGA-R, AEW Security, AEW Green
since 2024 · until 2030
since 2024 · until 2030
Managing director · represented by Thibaud Demot
Also active at: VANDENBRIELE, A.E.W., DEHOLI, HERK&RED, CIRIL, DEMOCO, AEW Security, Demtec Services +7 more
since 2022 · until 2028
Director · represented by Joris Brams
Also active at: BEWEL, RUVA, GROEP DE BRAUWER, STRAGIER, DEWULF, VANNIEUWENHUYSE, DEPAVEE, DEPOORTERE +6 more
since 2024 · until 2027
Shareholders
Participations
100%
100%
100%
DEMOCO POLAND
99.8%
80%
Establishments
Establishment units
Physical locations of this company
Herkenrodesingel 4B
3500 Hasselt
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 44 companies are registered at this address.
All companies at this address →Craeyenhof
HERK&RED same network
€ 1.7 million revenue · 2025
CIRIL same network
€ 22 million revenue · 2025
DEMOCO same network
€ 188.3 million revenue · 2025
DOK DEVELOPMENT
€ 687,000 revenue · 2025
+39 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0479.223.847
- VAT number
- BE 0479.223.847
- Registered office
- Herkenrodesingel 4B, 3500 Hasselt
- Names & denominations
- DEMOCO GROUP
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 19 December 2002
- Peppol
- Active · Active since 8 Jul 2025
- Activities · NACE
Activiteiten van holdings
Managementactiviteiten van holdings
Holdings