Summary
DEMOCO GROUP is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €22.4m and a net result of €549,826. Equity remains stable across the filed fiscal years (±0.4% per year). Its solvency ranks better than 74% of 2451 sector peers (fiscal year 2025). The company has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals.
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Signals
This company filed its last 5 accounts on average 20 days before the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
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Financials · fiscal year 2025, full schema, statutory accounts
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings. Dashed line: the median.
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | €13.6m | €8.8m | €8.6m | €9.8m | €13.3m | ▲ 35.9% |
| Turnover70 | €13.5m | €8.8m | €8.3m | €9.7m | €13.0m | ▲ 33.3% |
| Change in stocks of work in progress, finished goods and contracts in progress71 | - | - | €117,263 | -€117,263 | - | - |
| Other operating income74 | €46,771 | €57,416 | €160,903 | €126,404 | €309,496 | ▲ 145% |
| Non-recurring operating income76A | €11,946 | €6,889 | €37,658 | €34,320 | €8,517 | ▼ 75.2% |
| Operating charges60/66A | €13.4m | €8.6m | €8.5m | €9.7m | €13.2m | ▲ 35.8% |
| Goods for resale, raw materials and consumables60 | €6.1m | €637,016 | €17 | - | €2.2m | - |
| Purchases600/8 | €6.1m | €637,016 | €17 | - | €2.2m | - |
| Services and other goods61 | €4.7m | €5.1m | €5.3m | €6.2m | €6.8m | ▲ 9.9% |
| Remuneration, social security and pensions62 | €2.6m | €2.8m | €3.2m | €3.4m | €3.9m | ▲ 15.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €16,578 | €19,745 | €16,504 | €67,209 | €177,407 | ▲ 164% |
| Other operating charges640/8 | €53,396 | €74,521 | €65,931 | €51,161 | €54,413 | ▲ 6.4% |
| Non-recurring operating charges66A | - | €291 | - | - | - | - |
| Operating profit (loss)9901 | €121,430 | €232,229 | €111,033 | €58,128 | €86,233 | ▲ 48.4% |
| Financial income75/76B | €12.3m | €27,520 | €13,399 | €577,936 | €494,290 | ▼ 14.5% |
| Recurring financial income75 | €2.3m | €27,520 | €13,399 | €577,936 | €494,290 | ▼ 14.5% |
| Income from financial fixed assets750 | €2.2m | €1,180 | €8,972 | €570,911 | €490,486 | ▼ 14.1% |
| Income from current assets751 | €78,441 | €23,972 | €2,339 | €2,747 | €3,313 | ▲ 20.6% |
| Other financial income752/9 | €1,517 | €2,368 | €2,088 | €4,278 | €490 | ▼ 88.5% |
| Non-recurring financial income76B | €9.9m | - | - | - | - | - |
| Financial charges65/66B | €2.2m | €170,398 | €22,741 | €93,157 | €13,146 | ▼ 85.9% |
| Recurring financial charges65 | €50,498 | €170,398 | €22,741 | €20,646 | €13,146 | ▼ 36.3% |
| Debt charges650 | €20,957 | €4,823 | €5,869 | €10,406 | €8,591 | ▼ 17.4% |
| Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651 | - | €131,485 | - | - | - | - |
| Other financial charges652/9 | €29,541 | €34,089 | €16,872 | €10,240 | €4,555 | ▼ 55.5% |
| Non-recurring financial charges66B | €2.1m | - | - | €72,511 | - | - |
| Profit (loss) for the period before taxes9903 | €10.2m | €89,351 | €101,691 | €542,907 | €567,377 | ▲ 4.5% |
| Income taxes67/77 | €3,328 | €4,263 | €7,022 | €9,238 | €17,552 | ▲ 90.0% |
| Taxes670/3 | €3,328 | €4,263 | €7,022 | €9,238 | €17,552 | ▲ 90.0% |
| Profit (loss) for the period9904 | €10.2m | €85,089 | €94,669 | €533,669 | €549,826 | ▲ 3.0% |
| Profit (loss) for the period to be appropriated9905 | €10.2m | €85,089 | €94,669 | €533,669 | €549,826 | ▲ 3.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €28.5m | €25.7m | €30.7m | €26.9m | €26.1m | ▼ 3.1% |
| Formation expenses20 | - | - | €0 | €0 | €0 | - |
| Fixed assets21/28 | €19.6m | €19.7m | €19.6m | €20.2m | €21.3m | ▲ 5.7% |
| Intangible fixed assets21 | - | - | €0 | €0 | €24,631 | - |
| Tangible fixed assets22/27 | €43,153 | €32,338 | €22,455 | €601,369 | €1.6m | ▲ 162% |
| Furniture and vehicles24 | €43,153 | €32,338 | €22,455 | €427,482 | €752,048 | ▲ 75.9% |
| Other tangible fixed assets26 | - | - | - | - | €28,144 | - |
| Assets under construction and advance payments27 | - | - | - | €173,887 | €795,179 | ▲ 357% |
| Financial fixed assets28 | €19.6m | €19.6m | €19.6m | €19.6m | €19.7m | ▲ 0.8% |
| Affiliated companies280/1 | €19.6m | €19.6m | €19.6m | €19.6m | €19.7m | ▲ 0.8% |
| Participating interests280 | €19.6m | €19.6m | €19.6m | €19.6m | €19.7m | ▲ 0.8% |
| Other financial fixed assets284/8 | €1,200 | €1,501 | - | - | - | - |
| Amounts receivable and cash guarantees285/8 | €1,200 | €1,501 | - | - | - | - |
| Current assets29/58 | €8.9m | €6.0m | €11.1m | €6.7m | €4.8m | ▼ 29.5% |
| Stocks and contracts in progress3 | - | - | €117,263 | €0 | - | - |
| Contracts in progress37 | - | - | €117,263 | €0 | - | - |
| Amounts receivable within one year40/41 | €5.6m | €2.8m | €7.3m | €3.0m | €2.4m | ▼ 21.8% |
| Trade receivables40 | €3.2m | €737,632 | €880,347 | €1.1m | €443,040 | ▼ 59.0% |
| Other amounts receivable41 | €2.4m | €2.0m | €6.4m | €1.9m | €1.9m | ▼ 1.2% |
| Current investments50/53 | €1.3m | €1.3m | €1.3m | €1.3m | €1.3m | ▲ 1.4% |
| Other investments51/53 | €1.3m | €1.3m | €1.3m | €1.3m | €1.3m | ▲ 1.4% |
| Cash at bank and in hand54/58 | €1.5m | €1.5m | €2.0m | €2.0m | €677,477 | ▼ 66.0% |
| Deferred charges and accrued income490/1 | €349,141 | €463,768 | €393,141 | €422,223 | €386,605 | ▼ 8.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €28.5m | €25.7m | €30.7m | €26.9m | €26.1m | ▼ 3.1% |
| Equity10/15 | €21.1m | €21.2m | €21.3m | €21.8m | €22.4m | ▲ 2.5% |
| Contributions10/11 | €12.5m | €12.5m | €12.5m | €12.5m | €12.5m | = |
| Capital10 | €12.5m | €12.5m | €12.5m | €12.5m | €12.5m | = |
| Issued capital100 | €12.5m | €12.5m | €12.5m | €12.5m | €12.5m | = |
| Reserves13 | €1.3m | €1.3m | €1.3m | €1.3m | €1.3m | = |
| Non-distributable reserves130/1 | €1.3m | €1.3m | €1.3m | €1.3m | €1.3m | = |
| Legal reserve130 | €1.3m | €1.3m | €1.3m | €1.3m | €1.3m | = |
| Profit (loss) carried forward14 | €7.4m | €7.5m | €7.6m | €8.1m | €8.6m | ▲ 6.8% |
| Amounts payable17/49 | €7.4m | €4.4m | €9.4m | €5.1m | €3.7m | ▼ 27.4% |
| Amounts payable within one year42/48 | €7.3m | €4.4m | €9.4m | €5.1m | €3.7m | ▼ 27.4% |
| Financial debts43 | €408,909 | €29,445 | €0 | - | - | - |
| Credit institutions430/8 | €408,909 | €29,445 | €0 | - | - | - |
| Trade debts44 | €3.3m | €1.1m | €1.5m | €1.3m | €1.3m | ▲ 0.9% |
| Suppliers440/4 | €3.3m | €1.1m | €1.5m | €1.3m | €1.3m | ▲ 0.9% |
| Taxes, remuneration and social security45 | €520,915 | €442,189 | €628,232 | €549,922 | €743,145 | ▲ 35.1% |
| Taxes450/3 | €70,628 | €79,341 | €93,818 | €88,700 | €108,896 | ▲ 22.8% |
| Remuneration and social security454/9 | €450,287 | €362,849 | €534,414 | €461,223 | €634,249 | ▲ 37.5% |
| Other amounts payable47/48 | €3.1m | €2.9m | €7.2m | €3.2m | €1.6m | ▼ 49.3% |
| Accrued charges and deferred income492/3 | €25,634 | €32,754 | €51,902 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €10.2m | €85,089 | €94,669 | €533,669 | €549,826 | ▲ 3.0% |
| + Depreciation and write-downs630 | €16,578 | €19,745 | €16,504 | €67,209 | €177,407 | ▲ 164% |
| Operating cash flow (approximation) | €10.2m | €104,834 | €111,173 | €600,878 | €727,232 | ▲ 21.0% |
| Investment in fixed assets (approximation) | - | -€36,382 | -€5,120 | -€573,612 | -€1.3m | ▼ 133% |
| Change in cash | - | -€53,046 | €497,006 | €15,586 | -€1.3m | ▼ 8,524% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
31-08
State Gazette act
Reappointments: Sarkri NV, Tiga-R NV and Demot MichelPermanent representatives: Ronny Houben, Rudy Houben and 5 others24 facts ▸
- General meeting, 26-06-2026
- Director reappointment, Sarkri NV (director)
- Permanent representative, Ronny Houben (permanent representative)
- Director reappointment, Tiga-R NV (director)
- Permanent representative, Rudy Houben (permanent representative)
- Director reappointment, Demot Michel (director)
- Board composition, TDevelopment BV (director)
- Permanent representative, Demot Thibaud (permanent representative)
- Board composition, Rafine BV (director)
- Permanent representative, Houben Raf (permanent representative)
- Board composition, Cyga BV (director)
- Permanent representative, Demot Philip (permanent representative)
- +12 further facts in this act
11-06
State Gazette act
Resignation: MaLiBe BV (director)Permanent representatives: Johan Van den Broeck, Demot Thibaud and 6 others19 facts ▸
- General meeting, 29-01-2026
- Director resignation, MaLiBe BV (director)
- Board composition, TDevelopment BV (director)
- Board composition, Rafine BV (director)
- Board composition, Cyga BV (director)
- Board composition, Tiga-R NV (director)
- Board composition, Sarkri NV (director)
- Board composition, Demot Michel (director)
- Board composition, Hans Wilmots (director)
- Board composition, Joris Brams BV (director)
- Board composition, Namicom BV (director)
- Permanent representative, Johan Van den Broeck (permanent representative)
- +7 further facts in this act
09-09
State Gazette act
Reappointment: BDO Bedrijfsrevisoren BV (statutory auditor)Permanent representatives: Thibaud Demot and Johan Van Den Broeck · Mandate compensation5 facts ▸
- General meeting, 27-06-2025
- Auditor reappointment, BDO Bedrijfsrevisoren BV (statutory auditor)
- Mandate compensation, BDO Bedrijfsrevisoren BV
- Permanent representative, Thibaud Demot
- Permanent representative, Johan Van Den Broeck
25-09
State Gazette act
Resignations: PV-MA BV (director) and Maripo BV (director)Permanent representatives: Pieter Vanhout, Antal Potocan and 8 others · Reappointments: Cyga BV, Joris Brams BV and Namicom BV · Appointment: Rafine BV (director)27 facts ▸
- General meeting, 30-07-2024
- Director resignation, PV-MA BV (director)
- Permanent representative, Pieter Vanhout
- Director resignation, Maripo BV (director)
- Permanent representative, Antal Potocan
- Director reappointment, Cyga BV (director)
- Permanent representative, Philip Demot
- Director reappointment, Joris Brams BV (director)
- Permanent representative, Joris Brams
- Director reappointment, Namicom BV (director)
- Permanent representative, Jos Steegmaris
- Director appointment, Rafine BV (director)
- +15 further facts in this act
17-07
State Gazette act
Resignation: FBConstruct BV (director)Permanent representatives: Joris Brams, Jos Steegmans and 7 others22 facts ▸
- General meeting, 13-06-2024
- Director resignation, FBConstruct BV (director)
- Board composition, Hans Wilmots (director)
- Board composition, Joris Brams BV (director)
- Permanent representative, Joris Brams
- Board composition, Namicom BV (director)
- Permanent representative, Jos Steegmans
- Board composition, Cyga BV (director)
- Permanent representative, Philip Demot
- Board composition, Tiga-R NV (director)
- Permanent representative, Rudy Houben
- Board composition, Sarkri NV (director)
- +10 further facts in this act
05-07
State Gazette act
Resignations: FBConstruct BV (director) and CYGA BV (managing director)Appointment: TDevelopment BV (managing director) · Director discharge7 facts ▸
- Board meeting, 05-03-2024
- Director resignation, FBConstruct BV (director)
- Director resignation, CYGA BV (managing director)
- Director discharge, CYGA BV (managing director)
- Director appointment, TDevelopment BV (managing director)
- Board composition, MaLiBe BV (director)
- Board composition, Tiga-R NV (director)
Show earlier events
13-03
State Gazette act
Statutes amendmentCapital · Power of attorney5 facts ▸
- General meeting, 27/12/2023
- Statutes amendment
- Statutes amendment
- Capital, €12.500.000
- Power of attorney, BAPTIST Annelies
12-01
State Gazette act
Appointment: Hans Wilmots (director)Permanent representatives: Brams Joris, Steegmans Jos and 8 others24 facts ▸
- General meeting, 03-08-2023
- Director appointment, Hans Wilmots (director)
- Board composition, Hans Wilmots (director)
- Board composition, Joris Brams BV (director)
- Permanent representative, Brams Joris
- Board composition, Namicom BV (director)
- Permanent representative, Steegmans Jos
- Board composition, Cyga BV (director)
- Permanent representative, Demot Philip
- Board composition, Tiga-R NV (director)
- Permanent representative, Houben Rudy
- Board composition, Sarkri NV (director)
- +12 further facts in this act
05-01
State Gazette act
Reappointment: BDO Bedrijfsrevisoren BV (statutory auditor)Resignation: Danielle Demot (director) · Appointment: Tdevelopment BV (director) · Permanent representatives: Thibaud Demot, Philip Demot and Houben Rudy9 facts ▸
- General meeting, 22-06-2022
- Auditor reappointment, BDO Bedrijfsrevisoren BV
- Director resignation, Danielle Demot (director)
- Director appointment, Tdevelopment BV (director)
- Permanent representative, Thibaud Demot
- Board composition, CYGA BV (gedelegeerd bestuurder)
- Permanent representative, Philip Demot
- Board composition, TIGA-R NV (director)
- Permanent representative, Houben Rudy
14-04
State Gazette act
Appointments: FB Construct BV, Pieter Vanhout Multidisciplinaire Architectenvennootschap BV and 3 othersPermanent representatives: Frederik Bijnens, Pieter Vanhout and 7 others26 facts ▸
- General meeting, 21-02-2022
- Director appointment, FB Construct BV (director)
- Permanent representative, Frederik Bijnens
- Director appointment, Pieter Vanhout Multidisciplinaire Architectenvennootschap BV (director)
- Permanent representative, Pieter Vanhout
- Director appointment, Manpo BV (director)
- Permanent representative, Antal Potocan
- Director appointment, MaLiBe BV (director)
- Permanent representative, Johannes Van Den Broeck
- Board composition, Cyga BV (director)
- Permanent representative, Philip Demot
- Board composition, Tiga-R NV (director)
- +14 further facts in this act
08-07
State Gazette act
Reappointments: Michel Demot, Tiga-R nv and 3 othersPermanent representatives: Rudy Houben, Ronny Houben and Philip Demot11 facts ▸
- General meeting, 03-06-2020
- Director reappointment, Michel Demot (director)
- Director reappointment, Tiga-R nv (director)
- Permanent representative, Rudy Houben
- Director reappointment, Sarkri nv (director)
- Permanent representative, Ronny Houben
- Director reappointment, Danielle Demot (director)
- Director reappointment, Cyga bv (director)
- Permanent representative, Philip Demot
- Board meeting, 03-05-2020
- Director reappointment, Cyga bv (managing director)
05-12
State Gazette act
Reappointment: BDO Bedrijfsrevisoren CVBA (statutory auditor)Permanent representatives: Gert Maris, Michel Dupont and 2 others6 facts ▸
- General meeting, 24-10-2019
- Auditor reappointment, BDO Bedrijfsrevisoren CVBA
- Permanent representative, Gert Maris
- Permanent representative, Michel Dupont
- Permanent representative, Rudy Houben
- Permanent representative, Philip Demot
14-03
State Gazette act
Reappointments: Joris Brams BVBA, Namicom BVBA and Cyga nvPermanent representatives: Joris Brams, Jcs Steegmans and 2 others · Appointment: Cyga nv (bestuurder/gedelegeerd bestuurder) · Special general meeting12 facts ▸
- General meeting, 06-06-2018
- Director reappointment, Joris Brams BVBA (director)
- Permanent representative, Joris Brams
- Director reappointment, Namicom BVBA (director)
- Permanent representative, Jcs Steegmans
- Director reappointment, Cyga nv (director)
- Director reappointment, Cyga nv (director)
- Permanent representative, Demot Philip
- Special general meeting, 06-06-2018
- Director appointment, Cyga nv (bestuurder/gedelegeerd bestuurder)
- Permanent representative, Demot Philip
- Permanent representative, Rudy Houben
08-05
State Gazette act
Resignation: KPMG Bedrijfsrevisoren (statutory auditor)Appointment: BDO Bedrijfsrevisoren (statutory auditor) · Director discharge · Mandate compensation5 facts ▸
- General meeting, 25-09-2017
- Director resignation, KPMG Bedrijfsrevisoren (statutory auditor)
- Director discharge, KPMG Bedrijfsrevisoren
- Auditor appointment, BDO Bedrijfsrevisoren (statutory auditor)
- Mandate compensation, BDO Bedrijfsrevisoren
25-09
State Gazette act
Appointments: Joris Brams BVBA, Namicom BVBA and KPMG bedrijfsrevisoren cvbaPermanent representatives: Joris Brams, Jos Steegmans and Wim Heyndrickx · Mandate compensation9 facts ▸
- General meeting, 03-06-2015
- Director appointment, Joris Brams BVBA (director)
- Permanent representative, Joris Brams
- Director appointment, Namicom BVBA (director)
- Permanent representative, Jos Steegmans
- Mandate compensation, Joris Brams BVBA
- Mandate compensation, Namicom BVBA
- Auditor appointment, KPMG bedrijfsrevisoren cvba (statutory auditor)
- Permanent representative, Wim Heyndrickx
28-07
State Gazette act
Reappointments: NV Tiga-R, NV Sarkri and 2 othersPermanent representatives: Rudy Houben and Ronny Houben7 facts ▸
- General meeting, 04-06-2014
- Director reappointment, NV Tiga-R (director)
- Permanent representative, Rudy Houben
- Director reappointment, NV Sarkri (director)
- Permanent representative, Ronny Houben
- Director reappointment, Demot Danielle (director)
- Director reappointment, Demot Michel (director)
03-08
State Gazette act
Appointments: CYGA, JORIS BRAMS BVBA and 2 othersPermanent representatives: Philip Demot, Joris Brams and 2 others · Mandate compensation12 facts ▸
- General meeting, 06-06-2012
- Director appointment, CYGA (gedelegeerd bestuurder)
- Mandate compensation, CYGA
- Permanent representative, Philip Demot
- Director appointment, JORIS BRAMS BVBA (director)
- Permanent representative, Joris Brams
- Director appointment, NAMICOM BVBA (director)
- Permanent representative, Jos Steegman
- Mandate compensation, JORIS BRAMS BVBA
- Mandate compensation, NAMICOM BVBA
- Auditor appointment, KPMG & Partners (statutory auditor)
- Permanent representative, Wim Heyndrickx
12-10
State Gazette act
Appointment: KPMG & Partners (statutory auditor)Permanent representative: Wim Heyndrickx · General assembly3 facts ▸
- General assembly, 03-06-2009
- Auditor appointment, KPMG & Partners
- Permanent representative, Wim Heyndrickx
26-11
State Gazette act
Appointment: Salustro, Triest, Vleck (statutory auditor)Permanent representative: Wim Heyndrickx3 facts ▸
- General meeting, 07-06-2006
- Auditor appointment, Salustro, Triest, Vleck (statutory auditor)
- Permanent representative, Wim Heyndrickx
Directors · office · real estate
Board 13
Show all 13 directors
5 not recently confirmed
Day-to-day management 1
3 not recently confirmed
Permanent representatives 11
Show all 11 representatives
1 not recently confirmed
Statutory auditor 1
1 establishment unit
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71327G0668/00T000 | Flanders | 2,234 m² | 1 · 622 m² | 19.5 m · 5 fl. |
Linked by address, not proof of ownership
Mandate history
- Board
- Day-to-day management
- Statutory auditor
- not recently confirmed
- began earlier
| Name | Functions and periods |
|---|---|
| Michel Demot |
|
| CYGA |
|
| SARKRI |
|
| TIGA-R |
|
| FBConstruct |
|
| MaLiBe |
|
| MANPO |
|
| PVMA |
|
| TDEVELOPMENT |
|
| Hans Wilmots |
|
| JORIS BRAMS |
|
| NAMICOM |
|
| Rafine |
|
| TDevelopment BV |
|
| BDO BEDRIJFSREVISOREN-BDO REVISEURS D'ENTREPRISES |
|
| Joris Brams BVBA |
|
| Namicom BVBA |
|
| Sarkri NV |
|
| Tiga-R NV |
|
| Cyga nv |
|
| CYGA |
|
| MaLiBe BV |
|
| Maripo BV |
|
| PV-MA BV |
|
| Cyga BV |
|
| FBConstruct BV |
|
| Danielle Demot |
|
| KPMG Bedrijfsrevisoren CVBA |
|
| KPMG & Partners |
|
| Salustro Triest Vleck |
|
Articles of association
Full purpose
1/ De participatie, onder welke vorm het ook zij, in de oprichting, ontwikkeling, omvorming en controle van alle ondernemingen, Belgische of buitenlandse, commerciële, financiële, industriële of andere; de verwerving voor eigen rekening van eender welke titels of rechten door middel van participatie, inbreng, onderschrijving, koop op vaste levering of aankoopoptie, verhandeling, of op iedere andere wijze. 2/ Onderneming voor het beheer van eigen beleggingen en vermogens. 3/ Onderneming in onroerende goederen, welke onder meer omvat: de verwerving, de vervreemding, het beheer, de borgstelling, de uitbating, de valorisatie, de verkaveling, de ordening, de huur en de verhuur, het doen bouwen en verbouwen, evenals alle welkdanige onroerende verhandelingen in de meest brede zin, met inbegrip van de onroerende leasing. 4/ Het verlenen aan de ondernemingen waarin zij deelneemt en aan derden, al dan niet bezoldigd, van alle bijstand, hetzij technisch, industrieel, commercieel of administratief, hetzij financieel, met inbegrip van de borgstelling, avalgeving, of inpandgeving van onroerende goederen. 5/ De verwerving en de uitbating van brevetten, octrooien, en licenties, alsook aanverwante immateriële duurzame vaste activa. 6/ Tussenpersoon in de handel, als makelaar in goederen, als zelfstandige handelsvertegenwoordiger en als commissionair. 7/ De uitbating van een bureau voor nijverheidsstudies. 8/ De agentuur bij het afsluiten van verzekeringen, hypotheken, financieringen en projectontwikkeling. 9/ De verhuring van installaties, uitrusting en materieel. 10/ Het verstrekken van leningen en kredieten. De vennootschap kan overgaan tot alle handelsverrichtingen, nijverheidsverrichtingen, financiële en onroerende verrichtingen, zo voor eigen rekening als voor rekening van derden, die van aard zijn de verwezenlijking van haar voorwerp rechtstreeks of onrechtstreeks te bevorderen, dit zowel in België als in het buitenland. Zij kan ook functies van bestuurder of vereffenaar van andere vennootschappen uitoefenen.
Structure & network
Owners and holdings
4 owners · 7 holdings · 9 subsidiaries in the treeChain of control
- CYGA
- DEMOCO GROUP
Highest known parent: CYGA. The sources do not say who stands above it.
Owners 4
- CYGAparent64.12%
-
12.94%
-
12.93%
-
10%
Holdings 7
-
100%
-
100%
- THE ENERGY CIRCLEsubsidiaryEquity €3.6mResult €191,849100%
-
99.8%
-
80%
-
36.31%
- Equity €733,247Result €10,82225%
Stated earlier (2)
An older source named these holdings; newer accounts no longer list them.
-
100%
-
100%
All subsidiaries, including indirect ones 9
Companies in which this company or one of its subsidiaries holds more than half, or which it consolidates according to the LEI register.
- DEBUILD 100%
DEMOCO 100%1 subsidiary
- DPCO SAPT 100%
THE ENERGY CIRCLE 100%3 subsidiaries
- AEW Security 100%
- DAENINCK & DEWEERDT 75%
- AEW Green 63.69%
- DEMOCO POLANDPL 99.8%
- DEHOLI 80%
According to the 2025 annual accounts of DEMOCO 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
23 connected companiesShow 19 more companies with a shared director
Ownership & control
4 board mandatesCapital and shareholders
- 13-03-2024 Capital stated in the act · 12,500,000 EUR · 50,000 shares
Public money · subsidies and aid
Flemish government
2022 to 2025 · 12 entries · 93,464 EUR awarded · 93,564 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 21,025 EUR | 21,025 EUR |
| 2024 | 4 | 26,779 EUR | 26,839 EUR |
| 2023 | 3 | 23,427 EUR | 23,467 EUR |
| 2022 | 3 | 22,233 EUR | 22,233 EUR |
Similar companies · same sector, comparable size
Identification & contact
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.