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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, of which €1.8m non-recurring income. Equity is shrinking by about 12% per year across the filed financial years. Its solvency ranks better than 36% of 1,026 sector peers (NACE 41, financial year 2025). The computed 12-month bankruptcy probability is 0.7% (low).

Financials · financial year 2025, full format

Turnover
€188.3m▼ 14.0%
2024 · €219.0m
EBIT margin
1.0%▼ 0.9pp
2024 · 1.9%
Net result
€2.7m▼ 14.8%
2024 · €3.2m
Working capital
€15.9m▲ 86.6%
2024 · €8.5m
Trend over the years

2021 to 2025, 5 financial years 2018 to 2025, 8 financial years

The operating result falls in 2025; 2025 is 54% below 2024.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Turnover€188.3m 2025 Operating result€1.9m 2025 Net result€2.7m 2025

Use the arrow keys on the chart for the figures per year.

Sector: the middle half of NACE 41, Construction of residential and non-residential buildings: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).

Every figure with its change against the financial year before
favourable unfavourable
Line20182019202020212022202320242025
Turnover€226.7m-€188.7m▼ 16.7%€223.3m▲ 18.3%€245.8m▲ 10.0%€210.9m▼ 14.2%€224.9m▲ 6.6%€219.0m▼ 2.6%€188.3m▼ 14.0%
Operating result€6.0m-€2.3m▼ 62.1%€0.3m▼ 86.7%€0.6m▲ 90.2%-€12.7m-€3.2m▲ 74.8%€4.1m€1.9m▼ 53.5%
Net result€3.7m-€1.8m▼ 49.9%€0.02mwithin the sector's middle half▼ 98.9%€0.1mwithin the sector's middle half▲ 494%-€12.9mbelow the sector's middle half-€5.4mbelow the sector's middle half▲ 57.8%€3.2mabove the sector's middle half€2.7mabove the sector's middle half▼ 14.8%
EBIT margin2.7%-1.2%▼ 1.4pp0.1%▼ 1.1pp0.2%▲ 0.1pp-6.0%▼ 6.3pp-1.4%▲ 4.6pp1.9%▲ 3.3pp1.0%▼ 0.9pp
Equity€29.1m-€29.5m▲ 1.5%€27.9mabove the sector's middle half▼ 5.7%€28.0mabove the sector's middle half▲ 0.4%€15.1mabove the sector's middle half▼ 46.0%€9.7mabove the sector's middle half▼ 36.0%€12.9mabove the sector's middle half▲ 33.0%€15.6mabove the sector's middle half▲ 21.1%
Total assets€78.1m-€71.7m▼ 8.2%€87.1mabove the sector's middle half▲ 21.4%€89.6mabove the sector's middle half▲ 3.0%€67.7mabove the sector's middle half▼ 24.5%€81.3mabove the sector's middle half▲ 20.1%€70.8mabove the sector's middle half▼ 13.0%€67.2mabove the sector's middle half▼ 5.0%
Debt€47.5m-€41.8m▼ 12.0%€58.1m▲ 39.0%€61.6m▲ 5.9%€47.8m▼ 22.3%€71.5m▲ 49.4%€56.9m▼ 20.4%€48.7m▼ 14.3%
Working capital€26.7m-€24.4m▼ 8.5%€22.8mabove the sector's middle half▼ 6.7%€19.7mabove the sector's middle half▼ 13.7%€13.6mabove the sector's middle half▼ 31.0%€5.5mabove the sector's middle half▼ 59.3%€8.5mabove the sector's middle half▲ 53.8%€15.9mabove the sector's middle half▲ 86.6%
Solvency37.2%-41.2%▲ 4.0pp32.0%within the sector's middle half▼ 9.2pp31.2%within the sector's middle half▼ 0.8pp22.3%within the sector's middle half▼ 8.9pp11.9%below the sector's middle half▼ 10.4pp18.2%within the sector's middle half▲ 6.3pp23.2%within the sector's middle half▲ 5.0pp
Current ratio1.56-1.59▲ 0.021.39within the sector's middle half▼ 0.191.32within the sector's middle half▼ 0.071.29within the sector's middle half▼ 0.031.08within the sector's middle half▼ 0.211.15within the sector's middle half▲ 0.071.34within the sector's middle half▲ 0.18
Return on assets (ROA)4.7%-2.6%▼ 2.1pp0.0%within the sector's middle half▼ 2.5pp0.1%within the sector's middle half▲ 0.1pp-19.0%below the sector's middle half▼ 19.2pp-6.7%below the sector's middle half▲ 12.3pp4.5%within the sector's middle half▲ 11.2pp4.0%within the sector's middle half▼ 0.5pp
Staff (FTE)308-298.7▼ 3.0%300above the sector's middle half▲ 0.4%307above the sector's middle half▲ 2.3%298.8above the sector's middle half▼ 2.7%291.5above the sector's middle half▼ 2.4%268.6above the sector's middle half▼ 7.9%241.8above the sector's middle half▼ 10.0%
above within below the middle half of NACE 41, Construction of residential and non-residential buildings: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €67.2m
Fixed assets €4.2m ▼ 32.5%
Current assets €63.0m ▼ 2.3%
Equity and liabilities €67.2m
Equity €15.6m ▲ 21.1%
Provisions €2.9m ▲ 186%
Debt €48.7m ▼ 14.3%
Debt's share of the balance-sheet total falls from 80.4% to 72.5%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€2.7m▼
2024 · €5.6m
Cash flow
€3.5m▼
2024 · €4.7m
Quick ratio
1.23▲
2024 · 1.04
Debt to equity
3.13▼
2024 · 4.42
ROE
17.4%▼
2024 · 24.8%
Interest coverage
6.66▼
2024 · 13.62
Debt ≤ 1 year
€47.2m▼
2024 · €56.0m
Income taxes
-€325,006▼
2024 · €677,529
Staff costs
€20.1m▼
2024 · €22.5m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 733 companies that looked in July 2024 the way this one looks now, 1.0% went bankrupt within 24 months and 97.4% are still going.

  • Medium-sized
  • 20 years or older
  • solvency 10 to 30%
  • a profit under 5% of the balance sheet
1.0% went bankrupt
1.4% stopped otherwise
97.4% still going

A further 0.3% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.7% 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 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 0.9%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 733 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 accounts As filed with the NBB · 2025 against 2024 · 93 lines
Balance sheet Code20242025
Assets
Total assets20/58€70.8m€67.2m▼
Formation expenses20€0€0=
Fixed assets21/28€6.2m€4.2m▼
Intangible fixed assets21€0.06m€0.01m▼
Tangible fixed assets22/27€2.2m€1.9m▼
Land and buildings22€0.7m€0.4m▼
Plant, machinery and equipment23€1.3m€1.2m▼
Furniture and vehicles24€0.3m€0.3m▲
Financial fixed assets28€3.9m€2.3m▼
Affiliated companies280/1€0.8m€0.1m▼
Participating interests280€0.4m€0.1m▼
Amounts receivable281€0.3m-
Other financial fixed assets284/8€3.2m€2.1m▼
Shares284€0.1m€0.1m=
Amounts receivable and cash guarantees285/8€3.0m€2.0m▼
Current assets29/58€64.5m€63.0m▼
Amounts receivable after more than one year29€0.1m€0.09m▼
Other amounts receivable291€0.1m€0.09m▼
Stocks and contracts in progress3€6.3m€5.1m▼
Stocks30/36€0.6m€0.5m▼
Raw materials and consumables30/31€0.6m€0.5m▼
Property held for sale35€0.04m-
Contracts in progress37€5.7m€4.6m▼
Amounts receivable within one year40/41€56.2m€54.4m▼
Trade receivables40€41.8m€41.1m▼
Other amounts receivable41€14.4m€13.3m▼
Current investments50/53€0.6m€0.6m▲
Other investments51/53€0.6m€0.6m▲
Cash at bank and in hand54/58€1.0m€2.4m▲
Deferred charges and accrued income490/1€0.4m€0.4m▲
Equity and liabilities
Total equity and liabilities10/49€70.8m€67.2m▼
Equity10/15€12.9m€15.6m▲
Contributions10/11€5.0m€5.0m=
Capital10€5.0m€5.0m=
Issued capital100€5.0m€5.0m=
Reserves13€2.3m€3.3m▲
Non-distributable reserves130/1€0.5m€0.5m=
Legal reserve130€0.5m€0.5m=
Reserves not available under the articles1311€0.02m€0.02m=
Tax-exempt reserves132€0.7m€1.7m▲
Distributable reserves133€1.1m€1.1m=
Profit (loss) carried forward14€5.5m€7.2m▲
Provisions and deferred taxes16€1.0m€2.9m▲
Provisions for liabilities and charges160/5€1.0m€2.9m▲
Other liabilities and charges164/5€1.0m€2.9m▲
Amounts payable17/49€56.9m€48.7m▼
Amounts payable within one year42/48€56.0m€47.2m▼
Trade debts44€41.4m€38.8m▼
Suppliers440/4€41.4m€38.8m▼
Advances received on contracts in progress46€5.4m€5.0m▼
Taxes, remuneration and social security45€4.3m€3.1m▼
Taxes450/3€1.5m€0.6m▼
Remuneration and social security454/9€2.9m€2.5m▼
Other amounts payable47/48€4.9m€0.2m▼
Accrued charges and deferred income492/3€0.9m€1.6m▲
Income statement Code20242025
Operating income70/76A€220.4m€190.4m▼
Turnover70€219.0m€188.3m▼
Change in stocks of work in progress, finished goods and contracts in progress71-€2.1m-€1.1m▲
Other operating income74€3.1m€2.7m▼
Non-recurring operating income76A€0.3m€0.5m▲
Operating charges60/66A€216.3m€188.5m▼
Goods for resale, raw materials and consumables60€171.7m€147.9m▼
Purchases600/8€171.7m€147.9m▼
Change in stocks: decrease (increase)609€0.05m€0.06m▲
Services and other goods61€19.2m€17.2m▼
Remuneration, social security and pensions62€22.5m€20.1m▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1.5m€0.8m▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€0.01m
Provisions for liabilities and charges: additions (uses and reversals)635/8€0.9m€1.9m▲
Other operating charges640/8€0.4m€0.4m▼
Non-recurring operating charges66A€0.001m€0.2m▲
Operating profit (loss)9901€4.1m€1.9m▼
Financial income75/76B€0.6m€1.5m▲
Recurring financial income75€0.6m€0.2m▼
Income from financial fixed assets750€0.2m€0.03m▼
Income from current assets751€0.2m€0.06m▼
Other financial income752/9€0.1m€0.1m▼
Non-recurring financial income76B-€1.3m
Financial charges65/66B€0.8m€1.0m▲
Recurring financial charges65€0.8m€0.8m▼
Debt charges650€0.4m€0.4m▼
Other financial charges652/9€0.4m€0.3m▼
Non-recurring financial charges66B-€0.2m
Profit (loss) for the period before taxes9903€3.9m€2.4m▼
Income taxes67/77€0.7m-€0.3m▼
Taxes670/3€0.7m€0.2m▼
Tax adjustments and reversals of tax provisions77€60€0.5m▲
Profit (loss) for the period9904€3.2m€2.7m▼
Transfer to tax-exempt reserves689-€1.0m
Profit (loss) for the period to be appropriated9905€3.2m€1.7m▼
Appropriation of the result
Profit (loss) to be appropriated9906€5.5m€7.2m▲
Profit (loss) brought forward from the previous period14P€2.3m€5.5m▲
Social balance sheet
Average headcount (FTE)9087268.6241.8▼

The notes to these accounts (79 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20182019202020212022202320242025Change
Operating income70/76A---€251.5m€211.2m€230.1m€220.4m€190.4m▼ 13.6%
Turnover70€226.7m€188.7m€223.3m€245.8m€210.9m€224.9m€219.0m€188.3m▼ 14.0%
Change in stocks of work in progress, finished goods and contracts in progress71---€3.6m-€1.3m€1.6m-€2.1m-€1.1m▲ 45.5%
Other operating income74---€1.9m€1.5m€3.2m€3.1m€2.7m▼ 12.0%
Non-recurring operating income76A---€0.2m€0.2m€0.4m€0.3m€0.5m▲ 51.5%
Operating charges60/66A---€250.9m€224.0m€233.3m€216.3m€188.5m▼ 12.8%
Goods for resale, raw materials and consumables60---€202.2m€174.1m€196.8m€171.7m€147.9m▼ 13.9%
Purchases600/8---€202.7m€174.2m€196.9m€171.7m€147.9m▼ 13.9%
Change in stocks: decrease (increase)609----€0.6m-€0.1m-€0.06m€0.05m€0.06m▲ 27.7%
Services and other goods61---€26.4m€22.1m€14.9m€19.2m€17.2m▼ 10.6%
Remuneration, social security and pensions62---€21.1m€20.6m€23.1m€22.5m€20.1m▼ 10.9%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1.5m€1.3m€1.5m€1.5m€1.8m€1.8m€1.5m€0.8m▼ 44.8%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-----€0.8m-€0.01m-
Provisions for liabilities and charges: additions (uses and reversals)635/8----€1.0m€4.6m-€4.6m€0.9m€1.9m▲ 120%
Other operating charges640/8---€0.8m€0.7m€0.4m€0.4m€0.4m▼ 13.6%
Non-recurring operating charges66A---€0.006m-€0.001m€0.001m€0.2m▲ 344×
Operating profit (loss)9901€6.0m€2.3m€0.3m€0.6m-€12.7m-€3.2m€4.1m€1.9m▼ 53.5%
Financial income75/76B---€0.2m€1.5m€0.4m€0.6m€1.5m▲ 161%
Recurring financial income75€0.5m€0.5m€0.5m€0.2m€0.3m€0.4m€0.6m€0.2m▼ 63.0%
Income from financial fixed assets750----€0.008m€0.04m€0.2m€0.03m▼ 84.0%
Income from current assets751---€0.1m€0.2m€0.3m€0.2m€0.06m▼ 75.1%
Other financial income752/9---€0.05m€0.08m€0.1m€0.1m€0.1m▼ 16.4%
Non-recurring financial income76B----€1.2m€0.001m-€1.3m-
Financial charges65/66B---€0.3m€1.8m€2.6m€0.8m€1.0m▲ 22.1%
Recurring financial charges65€0.3m€0.3m€0.4m€0.3m€0.7m€0.6m€0.8m€0.8m▼ 5.3%
Debt charges650€0.001m€0.009m€0.1m€0.02m€0.04m€0.3m€0.4m€0.4m▼ 0.2%
Other financial charges652/9---€0.3m€0.6m€0.4m€0.4m€0.3m▼ 10.8%
Non-recurring financial charges66B----€1.1m€1.9m-€0.2m-
Profit (loss) for the period before taxes9903€5.5m€2.5m€0.4m€0.4m-€12.9m-€5.4m€3.9m€2.4m▼ 38.1%
Income taxes67/77€1.8m€0.6m€0.3m€0.3m-€0.07m€0.04m€0.7m-€0.3m-
Taxes670/3---€0.3m€0.04m€0.04m€0.7m€0.2m▼ 76.9%
Tax adjustments and reversals of tax provisions77----€0.1m€0.002m€60€0.5m▲ 7,990×
Profit (loss) for the period9904€3.7m€1.8m€0.02m€0.1m-€12.9m-€5.4m€3.2m€2.7m▼ 14.8%
Transfer to tax-exempt reserves689-------€1.0m-
Profit (loss) for the period to be appropriated9905€3.7m€1.8m€0.02m€0.1m-€12.9m-€5.4m€3.2m€1.7m▼ 46.2%
Line20182019202020212022202320242025Change
Assets
Total assets20/58€78.1m€71.7m€87.1m€89.6m€67.7m€81.3m€70.8m€67.2m▼ 5.0%
Formation expenses20-----€0€0€0-
Fixed assets21/28€4.0m€5.5m€6.2m€8.5m€6.9m€4.8m€6.2m€4.2m▼ 32.5%
Intangible fixed assets21-----€0.06m€0.06m€0.01m▼ 76.1%
Tangible fixed assets22/27€2.6m€4.1m€3.7m€4.4m€4.0m€3.0m€2.2m€1.9m▼ 13.8%
Land and buildings22---€0.5m€0.8m€0.7m€0.7m€0.4m▼ 39.8%
Plant, machinery and equipment23---€2.8m€2.3m€1.7m€1.3m€1.2m▼ 5.5%
Furniture and vehicles24---€0.9m€0.8m€0.5m€0.3m€0.3m▲ 7.9%
Assets under construction and advance payments27---€0.07m€0.1m€0.04m---
Financial fixed assets28€1.4m€1.4m€2.4m€4.2m€2.9m€1.8m€3.9m€2.3m▼ 42.5%
Affiliated companies280/1---€3.1m€1.9m€0.8m€0.8m€0.1m▼ 80.7%
Participating interests280---€0.5m€0.4m€0.4m€0.4m€0.1m▼ 66.9%
Amounts receivable281---€2.5m€1.4m€0.3m€0.3m--
Other financial fixed assets284/8---€1.1m€1.0m€1.0m€3.2m€2.1m▼ 33.2%
Shares284---€0.2m€0.1m€0.1m€0.1m€0.1m=
Amounts receivable and cash guarantees285/8---€0.9m€0.9m€0.9m€3.0m€2.0m▼ 34.7%
Current assets29/58€74.2m€66.2m€80.9m€81.1m€60.8m€76.5m€64.5m€63.0m▼ 2.3%
Amounts receivable after more than one year29---€0.8m-€0.1m€0.1m€0.09m▼ 15.8%
Trade receivables290---€0.8m-----
Other amounts receivable291-----€0.1m€0.1m€0.09m▼ 15.8%
Stocks and contracts in progress3€1.5m€0.5m€0.4m€8.5m€7.2m€8.4m€6.3m€5.1m▼ 18.9%
Stocks30/36---€1.0m€1.1m€0.7m€0.6m€0.5m▼ 9.5%
Raw materials and consumables30/31---€0.5m€0.6m€0.6m€0.6m€0.5m▼ 2.5%
Property held for sale35---€0.5m€0.5m€0.04m€0.04m--
Contracts in progress37---€7.5m€6.1m€7.8m€5.7m€4.6m▼ 19.9%
Amounts receivable within one year40/41€58.2m€55.5m€56.1m€58.7m€49.0m€66.1m€56.2m€54.4m▼ 3.1%
Trade receivables40---€46.7m€39.4m€54.7m€41.8m€41.1m▼ 1.5%
Other amounts receivable41---€12.0m€9.6m€11.4m€14.4m€13.3m▼ 7.7%
Current investments50/53-----€0.6m€0.6m€0.6m▲ 1.4%
Other investments51/53-----€0.6m€0.6m€0.6m▲ 1.4%
Cash at bank and in hand54/58€8.7m€6.0m€19.2m€13.0m€4.2m€0.9m€1.0m€2.4m▲ 138%
Deferred charges and accrued income490/1---€0.2m€0.3m€0.3m€0.4m€0.4m▲ 10.8%
Equity and liabilities
Total equity and liabilities10/49€78.1m€71.7m€87.1m€89.6m€67.7m€81.3m€70.8m€67.2m▼ 5.0%
Equity10/15€29.1m€29.5m€27.9m€28.0m€15.1m€9.7m€12.9m€15.6m▲ 21.1%
Contributions10/11€5.0m€5.0m€5.0m€5.0m€5.0m€5.0m€5.0m€5.0m=
Capital10---€5.0m€5.0m€5.0m€5.0m€5.0m=
Issued capital100---€5.0m€5.0m€5.0m€5.0m€5.0m=
Reserves13€2.3m€2.3m€2.3m€2.3m€2.3m€2.3m€2.3m€3.3m▲ 42.7%
Non-distributable reserves130/1---€0.5m€0.5m€0.5m€0.5m€0.5m=
Legal reserve130---€0.5m€0.5m€0.5m€0.5m€0.5m=
Reserves not available under the articles1311---€0.02m€0.02m€0.02m€0.02m€0.02m=
Tax-exempt reserves132---€0.7m€0.7m€0.7m€0.7m€1.7m▲ 137%
Distributable reserves133---€1.1m€1.1m€1.1m€1.1m€1.1m=
Profit (loss) carried forward14€21.8m€22.2m€20.5m€20.6m€7.8m€2.3m€5.5m€7.2m▲ 31.1%
Provisions and deferred taxes16€1.5m€0.3m€1.1m€0.1m€4.7m€0.2m€1.0m€2.9m▲ 186%
Provisions for liabilities and charges160/5---€0.1m€4.7m€0.2m€1.0m€2.9m▲ 186%
Other liabilities and charges164/5---€0.1m€4.7m€0.2m€1.0m€2.9m▲ 186%
Amounts payable17/49€47.5m€41.8m€58.1m€61.6m€47.8m€71.5m€56.9m€48.7m▼ 14.3%
Amounts payable after more than one year17----€0.6m----
Other amounts payable178/9----€0.6m----
Amounts payable within one year42/48€47.4m€41.8m€58.1m€61.4m€47.2m€71.0m€56.0m€47.2m▼ 15.8%
Trade debts44€28.9m€28.5m€34.1m€36.6m€29.6m€45.7m€41.4m€38.8m▼ 6.2%
Suppliers440/4---€36.6m€29.6m€45.7m€41.4m€38.8m▼ 6.2%
Advances received on contracts in progress46---€16.2m€12.8m€17.4m€5.4m€5.0m▼ 6.8%
Taxes, remuneration and social security45---€3.4m€2.8m€3.3m€4.3m€3.1m▼ 28.4%
Taxes450/3---€0.7m€0.5m€0.6m€1.5m€0.6m▼ 61.9%
Remuneration and social security454/9---€2.8m€2.3m€2.7m€2.9m€2.5m▼ 11.2%
Other amounts payable47/48---€5.2m€2.0m€4.6m€4.9m€0.2m▼ 95.4%
Accrued charges and deferred income492/3---€0.1m€0.03m€0.5m€0.9m€1.6m▲ 83.3%
Line20182019202020212022202320242025Change
Profit (loss) for the period9904€3.7m€1.8m€0.02m€0.1m-€12.9m-€5.4m€3.2m€2.7m▼ 14.8%
+ Depreciation and write-downs630€1.5m€1.3m€1.5m€1.5m€1.8m€1.8m€1.5m€0.8m▼ 44.8%
Operating cash flow (approximation)€5.2m€3.2m€1.5m€1.6m-€11.1m-€3.6m€4.7m€3.5m▼ 24.3%
Investment in fixed assets (approximation)--€2.9m-€2.2m-€3.8m-€0.2m€0.3m-€2.9m€1.2m-
Change in cash--€2.7m€13.2m-€6.3m-€8.7m-€3.3m€0.07m€1.4m▲ 20×

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Latest 10 of 46 filings with the National Bank
Financial year Type Filed Reference
31-12-2025 full format 22-06-2026 2026-00194741
31-12-2024 full format 04-06-2025 2025-00120893
31-12-2023 full format 11-07-2024 2024-00245905
31-12-2022 full format 03-08-2023 2023-00314101
31-12-2021 full format 08-07-2022 2022-20177949
31-12-2020 full format 25-06-2021 2021-25300066
31-12-2019 full format 26-06-2020 2020-21300365
31-12-2018 full format 26-06-2019 2019-23400531
31-12-2017 full format 27-06-2018 2018-25700481
31-12-2016 full format 26-06-2017 2017-21800350

Show all 46 filings

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Of the 29,226 active companies whose main activity is general construction of residential buildings (NACE 41001), figures are known for 16,354. 699 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Subsidies and aid

Flemish government

2022 to 2025 · 8 entries · €111,569 awarded · €111,569 paid
Year Entries AwardedPaid
2025 2 €20,966€20,966
2024 2 €29,403€29,403
2023 2 €34,974€34,974
2022 2 €26,226€26,226
Schemes
4 entries · €70,055 · €70,055 paid · Departement Werk en Sociale Economie
4 entries · €41,514 · €41,514 paid · Departement Werk en Sociale Economie

Public contracts

6 awards · 2024 to 2025
Bouwen en verbouwen van netgebonden gebouwen: Het bouwen (nieuwbouw) en verbouwen van gemetste schakelposten, gasontvangstations, reduceerstations, elektriciteitsdistributiecabines, gebouwen voor warmte overdracht stations, CAB (centrale afstandsbediening), odorisatielokalen en gasdistributiecabines in de regio’s Antwerpen en Mechelen.
buyer: Fluvius System Operator cv (Speciale Sectoren)Construction workawarded 17-10-2025€343,0103 tendersTED 718291-2025
Bouwen en verbouwen van netgebonden gebouwen: Het bouwen (nieuwbouw) en verbouwen van gemetste schakelposten, gasontvangstations, reduceerstations, elektriciteitsdistributiecabines, gebouwen voor warmte overdracht stations, CAB (centrale afstandsbediening), odorisatielokalen en gasdistributiecabines in de regio’s Kempen en Leuven.
buyer: Fluvius System Operator cv (Speciale Sectoren)Construction workawarded 17-10-2025€343,0103 tendersTED 718291-2025
Bouwen en verbouwen van netgebonden gebouwen: Het bouwen (nieuwbouw) en verbouwen van gemetste schakelposten, gasontvangstations, reduceerstations, elektriciteitsdistributiecabines, gebouwen voor warmte overdracht stations, CAB (centrale afstandsbediening), odorisatielokalen en gasdistributiecabines in de regio’s Limburg Noord en Limburg-Zuid.
buyer: Fluvius System Operator cv (Speciale Sectoren)Construction workawarded 17-10-2025€600,2682 tendersTED 718291-2025
Bouwen en verbouwen van netgebonden gebouwen: Het bouwen en verbouwen van transformatorstations in de regio’s Antwerpen, Mechelen, Kempen, Hageland-Dijle, Limburg Noord en Limburg-Zuid.
buyer: Fluvius System Operator cv (Speciale Sectoren)Construction workawarded 17-10-2025€600,2684 tendersTED 718291-2025
MARCHE DE TRAVAUX COMPRENANT LA CONCEPTION ET L’EXÉCUTION DE TRAVAUX (DESIGN & BUILD) POUR LE DEVELOPPEMENT D’UN PARC D’ACTIVITÉ EN ÉTAGE À AMBITIONS FORTES EN TERMES D’ÉCONOMIE CIRCULAIRE ET DE DÉVELOPPEMENT DURABLE: citydev-2022-LA-TV-GII-320447715 - 1
buyer: citydevConstruction workawarded 14-03-2025€17.4m4 tendersTED 263811-2025
Show 1 more contract
Architectuur en bouwkunde Be-MINE
buyer: Limburgse Reconversie Maatschappij (LRM)Construction workawarded 26-04-2024€14.2m2 tendersTED 345246-2024

Source: TED (Tenders Electronic Daily), Publications Office of the European Union. Values as the buyer published them; for a framework agreement, a ceiling.