Public limited company · founded 1991 · 35 yrs activeDrève Richelle 161, 1410 Waterloo, BelgiumKBO/BCE: BE 0443.271.489
Summary
DEM GROUP has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (-€14.3m) and a net result of €621,876. Equity is shrinking by ~50.1% per year across the filed fiscal years. Its solvency ranks better than 5% of 6133 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (low).
How financially healthy the company is, how likely a bankruptcy is and how much credit is sensible. Start here to know whether you can do business safely.
Score 2024
Checked score
A figure from 0 to 100 for financial health from the latest annual accounts: the higher, the healthier. Without a figure, the card says why. A low score is a reason to look closely at payment terms and security.
Four sides of financial health side by side. You see at a glance where the company is strong and where it is vulnerable.
Profitability100▲+100
Solvency0=
Growth38=
Track record100
Bankruptcy probability, 12 months
Bankruptcy probability
The chance that this company goes bankrupt within twelve months. A low chance is reassuring; with a higher one, agree shorter payment terms or an advance.
0.5%Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.06 against 0.14 in 2023; cash: 23.9% of total assets), and equity is negative.
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 18-02-2026, 202 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 100 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (1)
○
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
History
History
The company's story in a few sentences, from the company register, the Belgian State Gazette and the filed annual accounts. Each number opens the document the sentence rests on.
On 8 March 1991, DEM GROUP was incorporated.1The name was changed to DEM Group in 2013.2The capital was increased 5 times between 2013 and 2023.345The registered office moved to Bruxelles in 2015, to Wavre in 2023 and to Waterloo in 2024.678Of the 4 current board members, Philippe de Moerloose has served longest, since 2019.9Total assets went from EUR 16 million in 2022 to EUR 1.4 million in 2024.10
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
Net result-€6.6mbelow the sector's middle half-€19.5mbelow the sector's middle half▼ 195%-€20.3mbelow the sector's middle half▼ 4.1%-€3.0mbelow the sector's middle half▲ 85.3%€621,876above the sector's middle half
Equity€11.6mabove the sector's middle half▼ 36.2%€2.2mwithin the sector's middle half▼ 81.4%-€11.9mbelow the sector's middle half-€14.9mbelow the sector's middle half▼ 25.0%-€14.3mbelow the sector's middle half▲ 4.2%
Total assets€92.9mabove the sector's middle half▲ 1.9%€83.6mabove the sector's middle half▼ 10.0%€15.9mabove the sector's middle half▼ 81.0%€4.3mwithin the sector's middle half▼ 73.1%€1.4mwithin the sector's middle half▼ 67.8%
Working capital-€12.6mbelow the sector's middle half-€5.4mbelow the sector's middle half▲ 56.9%-€17.3mbelow the sector's middle half▼ 217%-€15.5mbelow the sector's middle half▲ 10.5%-€14.5mbelow the sector's middle half▲ 6.3%
Solvency12.5%below the sector's middle half▼ 7.5pp2.6%below the sector's middle half▼ 9.9pp-75.2%below the sector's middle half▼ 77.8pp-349.7%below the sector's middle half▼ 274.5pp
Current ratio0.84below the sector's middle half▼ 0.170.93below the sector's middle half▲ 0.090.37below the sector's middle half▼ 0.570.14below the sector's middle half▼ 0.220.06below the sector's middle half▼ 0.08
Return on assets (ROA)-7.1%below the sector's middle half▼ 14.0pp-23.3%below the sector's middle half▼ 16.2pp-127.8%below the sector's middle half▼ 104.5pp-70.0%below the sector's middle half▲ 57.7pp45.4%above the sector's middle half▲ 115.4pp
Staff (FTE)31.7above the sector's middle half▲ 11.2%30.3above the sector's middle half▼ 4.4%16.1within the sector's middle half▼ 46.9%2below the sector's middle half▼ 87.6%
abovewithinbelowthe middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings.
Why a figure moved sharply
2023Net result +85% on 2022.Part of SDA HOLDING received in a demerger, effective 29-12-2022, in the previous fiscal year; now counts for a full year for the first time.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €608,343 after a loss of €1.9m in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.4m
33.7%
66.3%
Fixed assets€461,211 ▼ 72.6%
Current assets€908,919 ▼ 64.7%
Key figures and ratios
2024 value · change against 2023
Debt to equity
-1.08▲
2023 · -1.22
Debt ≤ 1 year
€15.4m▼
2023 · €18.0m
Income taxes
€23,132▲
2023 · -€10,401
Staff costs
€1,713▼
2023 · €124,927
A ratio outside any meaningful range has been withheld (balance sheet total €1.4m, equity -€14.3m).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observation
Peer companies
What happened to companies that once looked just like this one does now. It describes the group, not this company: the figures are counted, not predicted.
Of the 317 companies that looked in July 2024 the way this one looks now, 1.3% went bankrupt within 24 months and 92% are still going.
Small
20 years or older
negative equity
a profit of 5% of the balance sheet or more
1.3%went bankrupt
4.1%stopped otherwise
92%still going
A further 2.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
The companies in ten equal groups, from lowest to highest expected share.
Group
Expected
Actual
1
0.2%
0.2%
2
0.3%
0.4%
3
0.5%
0.5%
4
0.6%
0.7%
5
0.8%
0.9%
6
1.2%
1.3%
7
1.5%
1.7%
8
1.7%
1.7%
9
2.7%
2.8%
10
5.3%
5.7%
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 317 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
Filed annual accountsAs filed with the NBB · 2024 against 2023 · 85 lines
Balance sheetCode20232024
Assets
Total assets20/58€4.3m€1.4m▼
Fixed assets21/28€1.7m€461,211▼
Tangible fixed assets22/27€0-
Land and buildings22€0-
Plant, machinery and equipment23€0-
Furniture and vehicles24€0-
Other tangible fixed assets26€0-
Financial fixed assets28€1.7m€461,211▼
Affiliated companies280/1€1.7m€435,274▼
Participating interests280€1.2m€60,174▼
Amounts receivable281€482,100€375,100▼
Other financial fixed assets284/8€25,938€25,938=
Amounts receivable and cash guarantees285/8€25,938€25,938=
Current assets29/58€2.6m€908,919▼
Stocks and contracts in progress3€0-
Stocks30/36€0-
Goods purchased for resale34€0-
Amounts receivable within one year40/41€2.5m€531,479▼
Trade receivables40€1.9m€403,144▼
Other amounts receivable41€630,792€128,335▼
Cash at bank and in hand54/58€54,190€326,865▲
Deferred charges and accrued income490/1€13,064€50,575▲
Equity and liabilities
Total equity and liabilities10/49€4.3m€1.4m▼
Equity10/15-€14.9m-€14.3m▲
Contributions10/11€26.4m€26.4m=
Capital10€26.4m€26.4m=
Issued capital100€26.4m€26.4m=
Outside capital11€3€3=
Share premium1100/10€3€3=
Reserves13€3.6m€3.1m▼
Non-distributable reserves130/1€584,294€584,294=
Legal reserve130€584,294€584,294=
Tax-exempt reserves132€494,775-
Distributable reserves133€2.6m€2.6m=
Profit (loss) carried forward14-€44.9m-€43.8m▲
Provisions and deferred taxes16€954,761€250,000▼
Provisions for liabilities and charges160/5€700,000€250,000▼
Other liabilities and charges164/5€700,000€250,000▼
Deferred taxes168€254,761-
Amounts payable17/49€18.2m€15.4m▼
Amounts payable within one year42/48€18.0m€15.4m▼
Trade debts44€1.2m€602,897▼
Suppliers440/4€1.2m€602,897▼
Taxes, remuneration and social security45€126,971€3,100▼
Taxes450/3€3,100€3,100=
Remuneration and social security454/9€123,871-
Other amounts payable47/48€16.7m€14.8m▼
Accrued charges and deferred income492/3€168,920-
Income statementCode20232024
Operating income70/76A€1.3m€11,173▼
Turnover70€1.0m-
Other operating income74€37,955€10,672▼
Non-recurring operating income76A€285,512€501▼
Operating charges60/66A€3.3m-€597,170▼
Goods for resale, raw materials and consumables60€912,817€110,953▼
Purchases600/8€46,315€110,953▲
Change in stocks: decrease (increase)609€866,502-
Services and other goods61€1.2m€560,991▼
Remuneration, social security and pensions62€124,927€1,713▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€17,033-
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€216,105-€826,016▼
Provisions for liabilities and charges: additions (uses and reversals)635/8€700,000-€450,000▼
Other operating charges640/8€26,718€5,189▼
Non-recurring operating charges66A€33,501-
Operating profit (loss)9901-€1.9m€608,343▲
Financial income75/76B€799,249€22,752▼
Recurring financial income75€799,249€22,752▼
Income from financial fixed assets750€20,914-
Income from current assets751-€22,752
Other financial income752/9€778,335-
Financial charges65/66B€1.9m€240,849▼
Recurring financial charges65€250,652€46,156▼
Debt charges650€79,170€250▼
Other financial charges652/9€171,481€45,905▼
Non-recurring financial charges66B€1.6m€194,693▼
Profit (loss) for the period before taxes9903-€3.0m€390,247▲
Transfer from deferred taxes780-€254,761
Income taxes67/77-€10,401€23,132▲
Taxes670/3-€23,132
Tax adjustments and reversals of tax provisions77€10,401-
Profit (loss) for the period9904-€3.0m€621,876▲
Transfer from tax-exempt reserves789-€494,775
Profit (loss) for the period to be appropriated9905-€3.0m€1.1m▲
Appropriation of the result
Profit (loss) to be appropriated9906-€44.9m-€43.8m▲
Profit (loss) brought forward from the previous period14P-€42.0m-€44.9m▼
Social balance
Average headcount (FTE)90872.0-
The notes to these accounts (46 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Line
2020
2021
2022
2023
2024
Change
Operating income70/76A
-
€65.2m
€59.5m
€1.3m
€11,173
▼ 99.2%
Turnover70
€54.5m
€64.2m
€52.4m
€1.0m
-
-
Other operating income74
-
€965,716
€588,018
€37,955
€10,672
▼ 71.9%
Non-recurring operating income76A
-
€18,608
€6.5m
€285,512
€501
▼ 99.8%
Operating charges60/66A
-
€64.0m
€73.6m
€3.3m
-€597,170
▼ 118%
Goods for resale, raw materials and consumables60
-
€57.3m
€48.9m
€912,817
€110,953
▼ 87.8%
Purchases600/8
-
€61.2m
€24.0m
€46,315
€110,953
▲ 140%
Change in stocks: decrease (increase)609
-
-€3.9m
€24.9m
€866,502
-
-
Services and other goods61
-
€3.3m
€2.2m
€1.2m
€560,991
▼ 54.8%
Remuneration, social security and pensions62
-
€2.9m
€1.7m
€124,927
€1,713
▼ 98.6%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630
€46,221
€41,402
€76,804
€17,033
-
-
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4
-
-
€20.6m
€216,105
-€826,016
▼ 482%
Provisions for liabilities and charges: additions (uses and reversals)635/8
-
-
-
€700,000
-€450,000
▼ 164%
Other operating charges640/8
-
€436,882
€126,548
€26,718
€5,189
▼ 80.6%
Non-recurring operating charges66A
-
-
€29,085
€33,501
-
-
Operating profit (loss)9901
€664,333
€1.2m
-€14.2m
-€1.9m
€608,343
▲ 131%
Financial income75/76B
-
€2.7m
€3.7m
€799,249
€22,752
▼ 97.2%
Recurring financial income75
€2.5m
€2.7m
€3.7m
€799,249
€22,752
▼ 97.2%
Income from financial fixed assets750
-
€28,185
-
€20,914
-
-
Income from current assets751
-
-
-
-
€22,752
-
Other financial income752/9
-
€2.7m
€3.7m
€778,335
-
-
Financial charges65/66B
-
€23.4m
€9.8m
€1.9m
€240,849
▼ 87.0%
Recurring financial charges65
€4.0m
€3.8m
€5.7m
€250,652
€46,156
▼ 81.6%
Debt charges650
€1.5m
€1.7m
€922,516
€79,170
€250
▼ 99.7%
Other financial charges652/9
-
€2.0m
€4.8m
€171,481
€45,905
▼ 73.2%
Non-recurring financial charges66B
-
€19.6m
€4.1m
€1.6m
€194,693
▼ 87.8%
Profit (loss) for the period before taxes9903
-€6.6m
-€19.5m
-€20.2m
-€3.0m
€390,247
▲ 113%
Transfer from deferred taxes780
-
-
-
-
€254,761
-
Income taxes67/77
€4,342
€6,742
€7,318
-€10,401
€23,132
▲ 322%
Taxes670/3
-
€6,742
€7,318
-
€23,132
-
Tax adjustments and reversals of tax provisions77
-
-
€0
€10,401
-
-
Profit (loss) for the period9904
-€6.6m
-€19.5m
-€20.3m
-€3.0m
€621,876
▲ 121%
Transfer from tax-exempt reserves789
-
-
-
-
€494,775
-
Profit (loss) for the period to be appropriated9905
-€6.6m
-€19.5m
-€20.3m
-€3.0m
€1.1m
▲ 137%
Line
2020
2021
2022
2023
2024
Change
Assets
Total assets20/58
€92.9m
€83.6m
€15.9m
€4.3m
€1.4m
▼ 67.8%
Fixed assets21/28
€24.7m
€7.7m
€5.9m
€1.7m
€461,211
▼ 72.6%
Intangible fixed assets21
€37,976
€14,514
€65
-
-
-
Tangible fixed assets22/27
€38,494
€29,575
€1.1m
€0
-
-
Land and buildings22
-
-
€1.1m
€0
-
-
Plant, machinery and equipment23
-
€15,685
€9,460
€0
-
-
Furniture and vehicles24
-
€4,150
€1,189
€0
-
-
Other tangible fixed assets26
-
€9,739
€6,319
€0
-
-
Financial fixed assets28
€24.6m
€7.7m
€4.8m
€1.7m
€461,211
▼ 72.6%
Affiliated companies280/1
-
€7.7m
€4.4m
€1.7m
€435,274
▼ 73.7%
Participating interests280
-
€7.6m
€3.8m
€1.2m
€60,174
▼ 94.9%
Amounts receivable281
-
€118,966
€603,468
€482,100
€375,100
▼ 22.2%
Other financial fixed assets284/8
-
-
€306,727
€25,938
€25,938
=
Amounts receivable and cash guarantees285/8
-
-
€306,727
€25,938
€25,938
=
Current assets29/58
€68.2m
€75.9m
€10.0m
€2.6m
€908,919
▼ 64.7%
Amounts receivable after more than one year29
-
€1.7m
-
-
-
-
Trade receivables290
-
€1.7m
-
-
-
-
Stocks and contracts in progress3
€22.1m
€26.2m
€997,382
€0
-
-
Stocks30/36
-
€26.2m
€997,382
€0
-
-
Goods purchased for resale34
-
€26.2m
€997,382
€0
-
-
Amounts receivable within one year40/41
€44.2m
€45.2m
€8.5m
€2.5m
€531,479
▼ 78.8%
Trade receivables40
-
€44.7m
€8.1m
€1.9m
€403,144
▼ 78.6%
Other amounts receivable41
-
€480,281
€398,058
€630,792
€128,335
▼ 79.7%
Cash at bank and in hand54/58
€185,244
€2.9m
€396,363
€54,190
€326,865
▲ 503%
Deferred charges and accrued income490/1
-
€15,279
€22,818
€13,064
€50,575
▲ 287%
Equity and liabilities
Total equity and liabilities10/49
€92.9m
€83.6m
€15.9m
€4.3m
€1.4m
▼ 67.8%
Equity10/15
€11.6m
€2.2m
-€11.9m
-€14.9m
-€14.3m
▲ 4.2%
Contributions10/11
€11.7m
€21.7m
€26.4m
€26.4m
€26.4m
=
Capital10
-
€21.7m
€26.4m
€26.4m
€26.4m
=
Issued capital100
-
€21.7m
€26.4m
€26.4m
€26.4m
=
Outside capital11
-
-
€3
€3
€3
=
Share premium1100/10
-
-
€3
€3
€3
=
Reserves13
€2.6m
€2.6m
€3.6m
€3.6m
€3.1m
▼ 13.6%
Non-distributable reserves130/1
-
€395,679
€584,294
€584,294
€584,294
=
Legal reserve130
-
€395,679
€584,294
€584,294
€584,294
=
Tax-exempt reserves132
-
-
€494,775
€494,775
-
-
Distributable reserves133
-
€2.2m
€2.6m
€2.6m
€2.6m
=
Profit (loss) carried forward14
-€2.6m
-€22.1m
-€42.0m
-€44.9m
-€43.8m
▲ 2.5%
Provisions and deferred taxes16
-
-
€254,761
€954,761
€250,000
▼ 73.8%
Provisions for liabilities and charges160/5
-
-
-
€700,000
€250,000
▼ 64.3%
Other liabilities and charges164/5
-
-
-
€700,000
€250,000
▼ 64.3%
Deferred taxes168
-
-
€254,761
€254,761
-
-
Amounts payable17/49
€81.3m
€81.5m
€27.5m
€18.2m
€15.4m
▼ 15.4%
Amounts payable within one year42/48
€80.8m
€81.4m
€27.2m
€18.0m
€15.4m
▼ 14.6%
Financial debts43
-
€7.8m
€2.5m
-
-
-
Credit institutions430/8
-
€7.8m
€2.5m
-
-
-
Trade debts44
€23.6m
€34.4m
€3.6m
€1.2m
€602,897
▼ 50.7%
Suppliers440/4
-
€34.4m
€3.6m
€1.2m
€602,897
▼ 50.7%
Advances received on contracts in progress46
-
€1.6m
€902,843
-
-
-
Taxes, remuneration and social security45
-
€561,635
€250,822
€126,971
€3,100
▼ 97.6%
Taxes450/3
-
€328,323
€2,493
€3,100
€3,100
=
Remuneration and social security454/9
-
€233,312
€248,328
€123,871
-
-
Other amounts payable47/48
-
€37.1m
€19.9m
€16.7m
€14.8m
▼ 11.4%
Accrued charges and deferred income492/3
-
€105,159
€270,640
€168,920
-
-
Line
2020
2021
2022
2023
2024
Change
Profit (loss) for the period9904
-€6.6m
-€19.5m
-€20.3m
-€3.0m
€621,876
▲ 121%
+ Depreciation and write-downs630
€46,221
€41,402
€76,804
€17,033
-
-
Operating cash flow (approximation)
-€6.5m
-€19.4m
-€20.2m
-€3.0m
€621,876
▲ 121%
Investment in fixed assets (approximation)
-
€16.9m
€1.8m
€4.2m
€1.2m
▼ 70.8%
Change in cash
-
€2.7m
-€2.5m
-€342,173
€272,675
▲ 180%
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Share issue, actions sans désignation de valeur nominale, 170.613.968.280
Capital increase, €4.693.082,35
Share cancellation, 28.363, actions propres acquises suite à dissolution de INTERPART DEM et scission de SDA HOLDING
Capital, €26.400.778,36
Real estate, Un entrepôt sis rue du Bassin Collecteur 10, érigé sur une parcelle de terrain cadastrée selon titre section B numéro 141 Z et selon extrait cadastral récent se…
Statutes amendment
Share issue, actions entièrement libérées, sans soulte, 103.835
+5 further facts in this act
08-02
State Gazette actReappointment: Philippe de MOERLOOSE (director)
Resignation: MBE Solutions BV (director) · Appointments: Harold WOUTERS (director) and Benoît PHILIPPART de FOY (director) · Mandate compensation9 facts ▸
General meeting, 30/06/2021
Director reappointment, Philippe de MOERLOOSE (director)
Mandate compensation, Philippe de MOERLOOSE
General meeting, 23/01/2023
Director resignation, MBE Solutions BV (director)
Director appointment, Harold WOUTERS (director)
Director appointment, Benoît PHILIPPART de FOY (director)
Mandate compensation, Harold WOUTERS
Mandate compensation, Benoît PHILIPPART de FOY
2022
31-12
FinancialWeakest financial yearnet -€20.3m
Net result drops to -€20.3m, the lowest in the series; recovery starts the following year.
Show earlier events
16-11
State Gazette actRestructuring
Demerger · Real estate · Accounting effect18 facts ▸
Demerger, Scission mixte de SDA Holding à l'avantage de SMT Holding
Demerger, Scission mixte de SDA Holding à l'avantage de DEM Group
Demerger, Scission mixte de SDA Holding à l'avantage de Fleming Invest (nouvelle société)
Real estate, Immeuble de bureaux abritant le siège social de SDA Holding et situé 4 Avenue Fleming à Wavre, ainsi que la parcelle constructible sur laquelle cet immeuble est…
Accounting effect, 01/10/2022
Share issue, Nouvelles actions émises par SMT Holding au profit des actionnaires de SDA Holding, 103700
Share issue, Nouvelles actions émises par Fleming Invest au profit des actionnaires de SDA Holding, 4849
Share issue, Le nombre d'actions est extrêmement élevé (180 milliards) par rapport à la valeur du patrimoine transféré (8 millions EUR), ce qui semble être une erreur de fra…
Share cancellation, Annulation des actions propres de SDA Holding (5% de son capital)
Capital increase, €26.885.588
Valuation, 295378457.0
Enterprise value, 250367000.0
+6 further facts in this act
11-10
State Gazette actAppointment: BDO Réviseurs d'Entreprises (statutory auditor)
Permanent representative: Christian SCHMETZ · Power of attorney4 facts ▸
Power of attorney, Liedekerke Wolters Waelbroeck Kirkpatrick
25-07
NBB filingAnnual accounts filed
fiscal year 2021 · full schema
01-04
State Gazette actResignation: DTK Consulting SPRL (director)
2 facts ▸
General meeting, 24/02/2022
Director resignation, DTK Consulting SPRL (director)
26-01
State Gazette actCapital & shares
Capital increase · Share issue · Capital6 facts ▸
General meeting, 30 décembre 2021
Capital increase, €4.999.720,4
Share issue, actions nouvelles, sans désignation de valeur nominale
Capital, €21.707.700,4
Statutes amendment
Contribution in kind, créance certaine, liquide et exigible, constituée par une avance
2021
06-08
State Gazette actResignations: Nicolas GROSJEAN (member of the executive committee) and MBE Solutions SRL (member of the executive committee)
Appointments: Kris Vochten (daily management delegate) and J Consulting SA (daily management delegate) · Permanent representative: Cédric van der Bruggen · Director discharge20 facts ▸
Board meeting, 16/06/2021
Director resignation, Nicolas GROSJEAN (member of the executive committee)
Director resignation, MBE Solutions SRL (member of the executive committee)
Director discharge, Nicolas GROSJEAN
Director discharge, MBE Solutions SRL
Director resignation, Nicolas GROSJEAN (daily management delegate)
Director discharge, Nicolas GROSJEAN
Director appointment, Kris Vochten (daily management delegate)
Director appointment, J Consulting SA (daily management delegate)
Permanent representative, Cédric van der Bruggen
Power of attorney, Philippe de Moerloose
Mandate compensation, Kris Vochten
+8 further facts in this act
28-07
State Gazette actCapital & shares
Capital increase · Share issue · Bank account6 facts ▸
General meeting, 01/07/2021
Capital increase, €5.000.465
Share issue, 6716, EUR
Bank account, Société Générale
Capital, €16.707.980
Statutes amendment
28-07
NBB filingAnnual accounts filed
fiscal year 2020 · full schema
15-02
State Gazette actAppointment: MBE Solutions (member of the executive committee)
Mandate compensation3 facts ▸
Board meeting, 15/09/2020
Director appointment, MBE Solutions (member of the executive committee)
Mandate compensation, MBE Solutions
15-02
State Gazette actResignation: Mostafa Chenbout (daily management delegate)
Power of attorney6 facts ▸
Board meeting, 15/05/2019
Director resignation, Mostafa Chenbout (daily management delegate)
Director resignation, Mostafa Chenbout (member of the executive committee)
Power of attorney, Nicolas Grosjean
Power of attorney, Nicolas Galoppin
Power of attorney, Mostafa Chenbout
2020
25-09
State Gazette actAppointment: MBE Solutions (member of the executive committee)
Mandate compensation3 facts ▸
Board meeting, 15/09/2020
Director appointment, MBE Solutions (member of the executive committee)
Mandate compensation, MBE Solutions
08-07
NBB filingAnnual accounts filed
fiscal year 2019 · full schema
06-03
State Gazette actResignation: Mostafa Chenbout (director)
Appointments: Nicolas Grosjean (daily management delegate) and PwC Reviseurs d'Entreprises (statutory auditor) · Permanent representative: Alexis Van Bavel · Power of attorney12 facts ▸
Board meeting, 15/05/2019
Director resignation, Mostafa Chenbout
Director resignation, Mostafa Chenbout
Power of attorney, Mostafa Chenbout
Board meeting, 23/12/2019
Director appointment, Nicolas Grosjean (daily management delegate)
State Gazette actResignation: Geert Muylle (director)
Director discharge3 facts ▸
General meeting, 25/09/2013
Director resignation, Geert Muylle (director)
Director discharge, Geert Muylle (director)
09-10
State Gazette actResignation: Philippe de Moerloose (daily management delegate)
Appointments: Alain Resclause (daily management delegate) and Philippe de Moerloose (chair of the board) · Director discharge · Mandate compensation6 facts ▸
Board meeting, 23/09/2013
Director resignation, Philippe de Moerloose (daily management delegate)
Director discharge, Philippe de Moerloose (daily management delegate)
Director appointment, Alain Resclause (daily management delegate)
Mandate compensation, Alain Resclause
Director appointment, Philippe de Moerloose (chair of the board)
13-09
State Gazette actCapital & shares
Capital increase · Capital · Statutes amendment4 facts ▸
General meeting, 10/07/2013
Capital increase, €4.013.208
Capital, €4.207.515
Statutes amendment
06-02
State Gazette actResignations & appointments
Name change · Statutes amendment3 facts ▸
General meeting, 22/01/2013
Name change, DEM Group
Statutes amendment
25-01
State Gazette actPermanent representatives: Axel Dumont and Francis Swinnen
3 facts ▸
Board meeting, 07/01/2013
Permanent representative, Axel Dumont (permanent representative)
Permanent representative, Francis Swinnen (permanent representative)
2012
20-12
State Gazette actMiscellaneous
Statute filing1 fact ▸
Statute filing
29-10
State Gazette actAppointment: Hans-Jürgen Burgard (member of the executive committee)
Mandate compensation3 facts ▸
Board meeting, 05/10/2012
Director appointment, Hans-Jürgen Burgard (member of the executive committee)
Mandate compensation, Hans-Jürgen Burgard
20-09
State Gazette actAppointment: Nicolas Grosjean (member of the executive committee)
Mandate compensation3 facts ▸
Board meeting, 13/08/2012
Director appointment, Nicolas Grosjean (member of the executive committee)
Mandate compensation, Nicolas Grosjean
29-08
State Gazette actPermanent representative: Axel Dumont
2 facts ▸
Board meeting, 02/07/2012
Permanent representative, Axel Dumont (permanent representative)
29-08
State Gazette actAppointments: Benoît Véron (member of the executive committee) and Willy Desmedt (member of the executive committee)
Mandate compensation5 facts ▸
Board meeting, 01-06-2012
Director appointment, Benoît Véron (member of the executive committee)
Director appointment, Willy Desmedt (member of the executive committee)
Mandate compensation, Benoît Véron
Mandate compensation, Willy Desmedt
09-05
State Gazette actAppointments: Philippe de Moerloose, DTK Consulting SPRL and Alain Resclause
Director reappointment, Philippe DEMOERLOOSE (managing director)
Director reappointment, Liliane SEGHERS (director)
Director reappointment, Patrick DEMOERLOOSE (director)
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
55 of 55 acts read
Directors · office · real estate
Directors and office
Who runs the company and where it is based. It tells you who you are talking to and whether the address checks out.
Directors
Directors
Who runs the company today and since when, grouped the way the CBE groups its function holders. Many recent board changes are a reason to keep a close eye.
3 directors, 1 in day-to-day management, no change since 2023
Member of the executive committee · since 01-01-2018
Not recently confirmed
Permanent representatives 1
DM
Michaël Delvaux
Permanent representative · since 25-03-2012 · for DTK CONSULTING
Not recently confirmed
Statutory auditor 1
DB
BDO Réviseurs d'Entreprises
Commissaire aux comptes · since 11-10-2022 · perm. rep.: Sébastien Jaspar
Current
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Location & real-estate footprint
Location & real estate
Where the company is based and which parcels are linked to its addresses. An address shared by many companies is often a registered-office service.
Registered office, Waterloo · 1 establishment unit since 1991
The establishment unit on the mapLoading the map
seatestablishmentapproximateThe establishment unit on the map
Ground area
1.0 ha
Building footprint
1,772 m²
Volume, LiDAR
33,713 m³
Parcel 25763M0621/00F000, Wallonia · tallest building 22.9 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
Drève Richelle 161, 1410 Waterloo
NACE 5010101
since 19912.051.923.053
1 parcel
Wallonia1(100%)
Parcel (capakey)
Region
Area
Buildings
Height / fl.
25763M0621/00F000indicative
Wallonia
1.0 ha
1 · 1,772 m²
22.9 m · 6 fl.
Linked by address, not proof of ownership
Good to know
0 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Mandate history
Mandate history
Who held which function and when, per person: one bar per period, from appointment to resignation or to today. An open left edge means the mandate began before the oldest act we hold.
Toutes les activités qui se rapportent directement ou indirectement à la vente, l'achat en gros ou au détail, de toutes pièces détachées et accessoires pour véhicules à moteur…
Full purpose
Toutes les activités qui se rapportent directement ou indirectement à la vente, l'achat en gros ou au détail, de toutes pièces détachées et accessoires pour véhicules à moteur, go-karts, motos, bicyclettes, vélomoteurs ; vente et l'achat en gros et au détail de tous ces moyens de locomotion, vente et l'achat en gros et au détail de bandages pneumatiques pour véhicules à moteurs et cycles ainsi que la vente et l'achat en gros et au détail de toutes machines, équipements et matériels à usage commercial et industriel. La société a également pour objet l'importation et l'exportation dans tous les domaines. Elle peut exercer toute activité susceptible de favoriser la réalisation de son objet social et participer à une telle activité de quelque façon que ce soit. Elle peut prendre des participations dans d'autres sociétés ou entreprises ou se fusionner avec d'autres sociétés ou entreprises qui peuvent contribuer à son développement ou le favoriser.
Who owns the company and which companies it holds shares in, as the companies file it in their annual accounts. It shows which group it belongs to and who ultimately stands behind it.
According to the 2024 annual accounts of DEM GROUP and those of the other companies, the acts in the Belgian Gazette and the LEI register.
The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
Connections & network
Which other companies are linked to this one through directors or shares. Look especially for linked companies in trouble.
3 connected companies
Depth
Shared directors
This companyCompanyDirectorShareholding+N: links not shown yetClick a node to look further, drag to arrange, scroll to zoom.
Of 388 companies in sector 46630 we hold annual accounts for 278. 187 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Company details
The company's official details: legal form, status, activities and founding date. Useful to draw up an invoice or contract correctly.
Identification
Legal formPublic limited company
Founded08-03-1991
Fiscal year end31-12
Activities, NACEBEL 2025
46630Wholesale trade
46711Wholesale of cars and light vans (up to 3.5 tonnes)
46649Wholesale of other machinery and equipment
E-invoicing
Reachable via Peppol
Peppol ID0208:0443271489
Also9925:BE0443271489
Registered16-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.