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DEMOCO

Active
Public limited companyfounded 1990active for 36 yearsHerkenrodesingel 4B, 3500 Hasselt, Belgium46 active companies are registered at this addressKBO/BCE: BE 0440.712.867
Summary

DEMOCO has been active since 1990 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €15.6m and a net result of €2.7m. Equity is shrinking by about 12% per year across the filed financial years. Its solvency ranks better than 36% of 1,018 sector peers (NACE 41, financial year 2025). The computed 12-month bankruptcy probability is 0.7% (low).

Risk analysisFollow ReportCompare
DEMOCOActiveChecked score 69/100
Risk analysis ReportCompare

Directors

Directors
6 directors, 1 in day-to-day management, no change since 2026

Board 6

DEMOCO GROUP
Director · since 27-05-2020 · Public limited company · permanent representative: Philip Demot
Current
Rafine
Director · since 10-07-2024 · Private limited company · permanent representative: Raf Houben
Current
ArNaSa
Director · since 11-02-2025 · Private limited company · permanent representative: Jochen Willen
Current
FBConstruct
Director · Private limited company · permanent representative: Frederik Bijnens
Current
Sarkri NV
Director · since 12-04-2022 · Legal entity · from a recent deed
Current
TDevelopment BV
Director · since 12-04-2022 · Legal entity · from a recent deed
Current
1 not recently confirmed
Still in office according to the deeds, but no deed of the last six years confirms the mandate. Mandates like this have often ended since, in a deed we have not read yet.
FB Construct bvba
Director · since 22-04-2016 · Legal entity · permanent representative: Frederik Bijnens
Not recently confirmed

Day-to-day management 1

FBConstruct
Managing director · since 26-04-2021 · Private limited company · permanent representative: Frederik Bijnens
Current
1 not recently confirmed
Still in office according to the deeds, but no deed of the last six years confirms the mandate. Mandates like this have often ended since, in a deed we have not read yet.
DEMOCO GROUP
Managing director · Public limited company · permanent representative: Philip Demot
Not recently confirmed

Permanent representatives 4

Philip Demot
Permanent representative · since 27-05-2020 · for DEMOCO GROUP
Current
Raf Houben
Permanent representative · since 10-07-2024 · for Rafine
Current
Jochen Willen
Permanent representative · since 11-02-2025 · for ArNaSa
Current
Frederik Bijnens
Permanent representative · for FBConstruct
Current

Statutory auditor 1

BDO BEDRIJFSREVISOREN-BDO REVISEURS D'ENTREPRISES
Statutory auditor · since 28-04-2017
Current
"From a recent act": read from a Gazette act not yet processed into our list of directors.
Derived from published Gazette deeds. The KBO keeps the official list of office holders; we do not read it, so the two can differ. See the directors and other office holders in the KBO →

Mandate history

19 people since 2005, 8 in office
Show
  • Board
  • Day-to-day management
  • Statutory auditor
  • not recently confirmed
  • began earlier
Mandates per person, with start and end dates
Name Functions and periods
DEMOCO GROUP
  • Gedelegeerd bestuurder, from before 27-05-2009 to 26-04-2021
  • Director, since before 27-05-2020
Sarkri NVfrom an act
  • Director, from 12-04-2022 to date
TDevelopment BVfrom an act
  • Director, from 12-04-2022 to date
Rafine
  • Director, from 10-07-2024 to date
ArNaSa
  • Director, from 11-02-2025 to date
FBConstruct
  • Director, from 29-05-2013 to 05-03-2024
  • Managing director, from 26-04-2021 to date
BDO BEDRIJFSREVISOREN-BDO REVISEURS D'ENTREPRISES
  • Statutory auditor, from 28-04-2017 to date
FB Construct bvba
  • Director, from before 22-04-2016 not ended, last confirmed 09-08-2016
MaLiBe BV
  • Director, until 31-12-2025
TIGA-R
  • Director, from 21-02-2022 to 10-07-2024
Ronny Houben
  • Director, from 30-05-2012 to 21-02-2022
Rudy Houben
  • Managing director, from before 28-05-2014 to 26-04-2021
  • Director, from before 27-05-2020 to 21-02-2022
Thibaud Demot
  • Director, from 26-05-2021 to 21-02-2022
Danielle Demot
  • Director, from before 28-05-2014 to 26-05-2021
Michel Demot
  • Director, from 30-05-2012 to 26-05-2021
Philip DEMOT
  • Director, from before 28-05-2014 to 16-12-2019
KPMG Réviseurs d'Entreprises
  • Statutory auditor, until 25-09-2017
KPMG & Partners
  • Statutory auditor, from 25-05-2011 to 28-04-2017
Salustro Triest Vleck
  • Statutory auditor, from 25-05-2005 to 25-05-2011
See the board, name and registered office on a given date →

Owners and capital

Owners

1 owner

Chain of control

  1. CYGA 64.12%
  2. DEMOCO GROUP 100%
  3. DEMOCO

Highest known parent: CYGA. The sources do not say who stands above it.

Owners 1

According to the 2025 annual accounts of DEMOCO and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. 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 include these statements in its annual accounts, or does not have to, is not listed.

Capital and shareholders

Shareholders according to the deeds
Share transfer act of 12-07-2023 ↗

The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.

Capital over the years
  1. 13-03-2024 Capital stated in the deed · €5,000,000 · 61,260 shares

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