DEMOCONSTRUCT
Annual accounts 2025
full format, filed on 19-05-2026, 73 days before the deadlineThe turnover shown is an estimate from the gross margin.
Turnover ≈ €920,000. Estimated: probably between €550,000 and €1.6m.
Balance sheet
balance sheet total €1.6m on 31-12-2025in euro
in euro
Position in the sector
25.5%
Higher than 23% of 487 companies in 2025.
0.29
Lower than 95% of 487 companies in 2025.
1.0%
Higher than 46% of 488 companies in 2025.
Net result: middle half · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: bottom quarter · Staff: bottom quarter
Staff
€52,948
Staff costs divided by the average number of full-time equivalents.
level
In 2025, 1 person joined and 1 left.
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||||||||
20/58 |
1.6m | 1.6m | 1.7m | 1.8m | 1.9m | 1.9m | 2.0m | 2.0m | 2.1m | 2.2m | 2.3m | 2.4m | 2.5m | 2.6m | 2.7m | 3.1m | 3.3m | 3.2m | 3.3m | 3.3m | |
20 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 5,036 | 10,072 | 15,108 | 20,144 | 25,180 | |
21/28 |
1.4m | 1.5m | 1.6m | 1.6m | 1.7m | 1.8m | 1.9m | 1.9m | 2.0m | 2.1m | 2.2m | 2.3m | 2.4m | 2.5m | 2.6m | 3.0m | 3.2m | 3.0m | 3.2m | 3.3m | |
22/27 |
1.4m | 1.5m | 1.6m | 1.6m | 1.7m | 1.8m | 1.9m | 1.9m | 2.0m | 2.1m | 2.2m | 2.3m | 2.4m | 2.5m | 2.6m | 3.0m | 3.2m | 3.0m | 3.2m | 3.3m | |
22 |
1.2m | 1.3m | 1.4m | 1.4m | 1.5m | 1.6m | 1.7m | 1.8m | 1.8m | 1.9m | 2.0m | 2.1m | 2.2m | 2.4m | 2.5m | 2.9m | 3.0m | 2.8m | 2.9m | 3.0m | |
23 |
12,037 | 3,271 | 4,981 | 6,691 | 2,620 | - | - | - | - | - | - | - | - | - | - | 5,565 | 11,130 | 16,695 | 22,260 | 24,129 | |
24 |
1,645 | - | 0 | 7,043 | 14,085 | 21,602 | 29,119 | 1,423 | 6,351 | 8,909 | 13,364 | 17,819 | 239 | 3,485 | 6,013 | 25,056 | 44,099 | 48,108 | 64,144 | 77,191 | |
27 |
153,499 | 153,499 | 153,499 | 153,499 | 153,499 | 153,499 | 153,499 | 153,499 | 153,499 | 153,499 | 153,499 | 153,499 | 153,499 | 153,499 | 153,499 | 153,499 | 153,499 | 153,499 | 180,867 | 180,867 | |
29/58 |
157,320 | 136,845 | 109,880 | 170,866 | 172,104 | 167,864 | 129,410 | 138,839 | 158,572 | 152,484 | 141,745 | 113,824 | 87,145 | 81,658 | 77,350 | 62,789 | 81,624 | 160,073 | 92,263 | 22,231 | |
3 |
3,500 | 3,500 | 3,500 | 3,500 | 3,500 | 3,246 | 3,549 | 3,426 | 3,282 | 3,025 | 2,926 | 2,810 | 2,810 | 2,770 | 2,512 | 2,617 | 2,362 | 2,209 | 1,085 | - | |
30/36 |
3,500 | 3,500 | 3,500 | 3,500 | 3,500 | 3,246 | 3,549 | 3,426 | 3,282 | 3,025 | 2,926 | 2,810 | 2,810 | 2,770 | 2,512 | 2,617 | 2,362 | 2,209 | 1,085 | - | |
40/41 |
12,000 | 3,150 | 3,150 | - | - | - | - | - | 847 | - | - | - | - | - | - | 411 | 3,898 | - | 306 | 8,149 | |
40 |
- | - | - | - | - | - | - | - | 847 | - | - | - | - | - | - | 411 | 3,898 | - | 306 | 8,149 | |
41 |
12,000 | 3,150 | 3,150 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
54/58 |
111,322 | 105,956 | 79,718 | 147,297 | 147,258 | 143,994 | 105,911 | 115,619 | 135,376 | 125,199 | 118,254 | 89,505 | 63,582 | 57,248 | 55,008 | 38,992 | 51,026 | 133,708 | 65,097 | 6,283 | |
490/1 |
30,498 | 24,239 | 23,512 | 20,069 | 21,346 | 20,624 | 19,949 | 19,794 | 19,066 | 24,260 | 20,565 | 21,509 | 20,753 | 21,640 | 19,830 | 20,769 | 24,338 | 24,155 | 25,776 | 7,799 | |
| Balance sheet: equity and liabilities | |||||||||||||||||||||
10/49 |
1.6m | 1.6m | 1.7m | 1.8m | 1.9m | 1.9m | 2.0m | 2.0m | 2.1m | 2.2m | 2.3m | 2.4m | 2.5m | 2.6m | 2.7m | 3.1m | 3.3m | 3.2m | 3.3m | 3.3m | |
10/15 |
401,564 | 430,427 | 386,325 | 380,261 | 346,775 | 311,518 | 254,388 | 232,006 | 215,311 | 187,711 | 128,647 | 78,206 | 56,068 | 38,242 | 27,357 | 97,319 | 101,575 | 117,574 | 116,659 | 110,179 | |
10/11 |
277,517 | 277,517 | 277,517 | 277,517 | 277,517 | 277,517 | 277,517 | 277,517 | 277,517 | 277,517 | 277,517 | 277,517 | 277,517 | 277,517 | 277,517 | 277,517 | 277,517 | 277,517 | 277,517 | 277,517 | |
10 |
277,517 | 277,517 | 277,517 | 277,517 | 277,517 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
100 |
277,517 | 277,517 | 277,517 | 277,517 | 277,517 | 277,517 | 277,517 | 277,517 | 277,517 | 277,517 | 277,517 | 277,517 | 277,517 | 277,517 | 277,517 | 277,517 | 277,517 | 277,517 | 277,517 | 277,517 | |
14 |
124,047 | 152,911 | 108,809 | 102,744 | 69,258 | 34,001 | -23,129 | -45,511 | -62,206 | -89,805 | -148,870 | -199,311 | -221,448 | -239,275 | -250,160 | -180,197 | -175,941 | -159,943 | -160,858 | -167,338 | |
17/49 |
1.2m | 1.2m | 1.3m | 1.4m | 1.5m | 1.6m | 1.7m | 1.8m | 1.9m | 2.0m | 2.2m | 2.3m | 2.4m | 2.6m | 2.7m | 3.0m | 3.2m | 3.1m | 3.1m | 3.2m | |
17 |
634,659 | 730,429 | 873,124 | 966,379 | 1.1m | 1.2m | 1.3m | 1.4m | 1.5m | 1.7m | 1.8m | 1.9m | 2.0m | 2.1m | 2.3m | 2.6m | 2.7m | 2.6m | 2.7m | 2.7m | |
170/4 |
634,659 | 730,429 | 873,124 | 966,379 | 1.1m | 1.2m | 1.3m | 1.4m | 1.5m | 1.7m | 1.8m | 1.9m | 2.0m | 2.1m | 2.3m | 2.6m | 2.7m | 2.6m | 2.7m | 2.7m | |
42/48 |
537,483 | 470,321 | 438,672 | 440,742 | 430,961 | 419,996 | 404,789 | 394,467 | 396,014 | 383,351 | 437,071 | 439,547 | 403,892 | 409,059 | 405,749 | 414,033 | 446,645 | 423,607 | 400,913 | 448,283 | |
42 |
162,077 | 146,629 | 148,845 | 142,653 | 140,868 | 134,178 | 130,955 | 126,516 | 125,346 | 119,767 | 147,366 | 150,141 | 122,436 | 122,764 | 119,482 | 117,300 | 152,614 | 129,480 | 118,228 | 110,671 | |
44 |
102,888 | 83,424 | 61,056 | 62,367 | 55,155 | 55,356 | 38,267 | 32,425 | 36,223 | 24,711 | 42,115 | 42,320 | 35,745 | 40,115 | 40,382 | 34,936 | 31,320 | 29,090 | 47,661 | 10,929 | |
440/4 |
102,888 | 83,424 | 61,056 | 62,367 | 55,155 | 55,356 | 38,267 | 32,425 | 36,223 | 24,711 | 42,115 | 42,320 | 35,745 | 40,115 | 40,382 | 34,936 | 31,320 | 29,090 | 47,661 | 10,929 | |
46 |
- | - | - | - | - | - | - | - | - | - | 1,853 | - | - | - | - | - | - | - | - | 3,000 | |
45 |
15,828 | 27,379 | 14,681 | 20,433 | 18,448 | 12,772 | 16,927 | 15,686 | 13,405 | 14,133 | 13,796 | 13,946 | 12,424 | 12,893 | 12,848 | 13,560 | 13,574 | 12,609 | 7,066 | - | |
450/3 |
- | 12,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
454/9 |
15,828 | 15,379 | 14,681 | 20,433 | 18,448 | 12,772 | 16,927 | 15,686 | 13,405 | 14,133 | 13,796 | 13,946 | 12,424 | 12,893 | 12,848 | 13,560 | 13,574 | 12,609 | 7,066 | - | |
47/48 |
256,690 | 212,890 | 214,090 | 215,290 | 216,490 | 217,690 | 218,640 | 219,840 | 221,040 | 224,740 | 231,940 | 233,140 | 233,287 | 233,287 | 233,037 | 248,237 | 249,137 | 252,429 | 227,958 | 323,683 | |
| Income statement | |||||||||||||||||||||
76A |
- | - | - | - | - | - | - | 25 | - | - | 3,891 | 7,485 | 1,230 | 2,651 | 2,122 | 1,645 | 2,057 | 19,386 | 7,258 | 35 | |
9900 |
388,548 | 405,110 | 356,023 | 360,269 | 338,747 | 360,282 | 360,992 | 333,158 | 328,786 | 420,229 | 413,231 | 408,545 | 394,994 | 400,654 | 396,782 | 442,645 | 448,741 | 415,354 | 368,098 | 62,870 | |
62 |
185,317 | 199,967 | 199,238 | 174,398 | 150,180 | 158,792 | 186,356 | 168,352 | 151,224 | 179,365 | 177,491 | 178,260 | 160,251 | 167,662 | 153,301 | 148,432 | 148,034 | 132,219 | 64,613 | 31,039 | |
630 |
95,895 | 93,908 | 94,899 | 92,369 | 91,446 | 89,185 | 89,742 | 87,154 | 86,837 | 114,428 | 114,428 | 115,262 | 113,814 | 113,814 | 139,388 | 148,976 | 147,824 | 135,230 | 134,948 | - | |
640/8 |
29,329 | 28,729 | 27,636 | 25,211 | 24,663 | 23,591 | 26,699 | 23,566 | 23,094 | 22,896 | 22,140 | 21,420 | 21,269 | 20,685 | 20,460 | 20,035 | 19,424 | 19,107 | 18,793 | 10 | |
66A |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 51,072 | - | - | - | - | - | |
9901 |
78,007 | 82,506 | 34,250 | 68,291 | 72,458 | 88,714 | 58,195 | 54,086 | 67,631 | 103,540 | 99,172 | 93,604 | 99,659 | 98,493 | 83,634 | 125,202 | 133,459 | 128,798 | 149,744 | 31,820 | |
75/76B |
94 | 2,583 | 289 | 1,556 | 280 | 861 | 184 | 15 | - | 601 | 8 | 5 | 764 | 58 | 512 | 1,060 | 5 | - | 198 | 1,113 | |
75 |
94 | 2,583 | 289 | 1,556 | 280 | 861 | 184 | 15 | - | 601 | 8 | 5 | 764 | 58 | 512 | 1,060 | 5 | - | 198 | 1,113 | |
65/66B |
62,246 | 23,702 | 26,294 | 25,778 | 29,803 | 32,445 | 35,863 | 37,177 | 39,967 | 45,009 | 52,585 | 78,904 | 83,827 | 90,317 | 105,157 | 132,163 | 151,519 | 147,269 | 150,720 | 139,803 | |
65 |
62,246 | 23,702 | 26,294 | 25,778 | 29,803 | 32,445 | 35,863 | 37,177 | 39,967 | 45,009 | 52,585 | 78,904 | 83,827 | 90,317 | 105,157 | 132,163 | 151,519 | 147,269 | 150,720 | 139,803 | |
9903 |
15,855 | 61,387 | 8,245 | 44,068 | 42,935 | 57,130 | 22,517 | 16,924 | 27,664 | 59,132 | 50,486 | 22,190 | 17,826 | 10,886 | -69,963 | -4,256 | -15,999 | 915 | 6,480 | -106,835 | |
67/77 |
-281 | 17,284 | 2,181 | 10,582 | 7,677 | - | 134 | 229 | 64 | 67 | 45 | 52 | - | - | - | - | - | - | - | 167 | |
9904 |
16,137 | 44,102 | 6,064 | 33,486 | 35,257 | 57,130 | 22,382 | 16,695 | 27,599 | 59,065 | 50,441 | 22,138 | 17,826 | 10,886 | -69,963 | -4,256 | -15,999 | 915 | 6,480 | -107,001 | |
9905 |
16,137 | 44,102 | 6,064 | 33,486 | 35,257 | 57,130 | 22,382 | 16,695 | 27,599 | 59,065 | 50,441 | 22,138 | 17,826 | 10,886 | -69,963 | -4,256 | -15,999 | 915 | 6,480 | -107,001 | |
| Appropriation of the result | |||||||||||||||||||||
9906 |
169,047 | 152,911 | 108,809 | 102,744 | 69,258 | 34,001 | -23,129 | -45,511 | -62,206 | -89,805 | -148,870 | -199,311 | -221,448 | -239,275 | -250,160 | -180,197 | -175,941 | -159,943 | -160,858 | -167,338 | |
14P |
152,911 | 108,809 | 102,744 | 69,258 | 34,001 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
694/7 |
45,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
694 |
45,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
| Social balance sheet | |||||||||||||||||||||
9087 |
3.5 | 3.6 | 3.6 | 4 | 4.5 | 4.2 | 3.8 | 3.6 | 3.3 | 3.3 | 3.3 | 3.3 | 3.4 | 4.2 | 4.4 | 4.8 | 4.7 | 3.8 | 1.6 | 1 | |
Hours worked1013 |
4,516 | 5,604 | 5,846 | 5,528 | 4,645 | 4,848 | 5,877 | 5,544 | 4,580 | 5,280 | 5,338 | 5,792 | 4,654 | 5,667 | 5,851 | 6,488 | 6,639 | 6,561 | 2,676 | 1,430 | |
| Document | |||||||||||||||||||||
The accounts for 10 older financial years (1996-2005) were filed as documents without figures as data, scans for example.
The notes to these accounts have 8 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 19-05-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 19-05-2026 | 2026-00114019 | |
| 31-12-2024 | full format | 23-07-2025 | 2025-00296531 | |
| 31-12-2023 | full format | 26-09-2024 | 2024-00472658 | |
| 31-12-2022 | full format | 02-06-2023 | 2023-00103398 | |
| 31-12-2021 | micro format | 26-08-2022 | 2022-20321374 | |
| 31-12-2020 | full format | 12-05-2021 | 2021-13900330 | |
| 31-12-2019 | full format | 11-06-2020 | 2020-15900292 | |
| 31-12-2018 | full format | 25-09-2019 | 2019-65400555 | |
| 31-12-2017 | full format | 30-05-2018 | 2018-14400286 | |
| 31-12-2016 | full format | 02-08-2017 | 2017-39600600 | |
| 31-12-2015 | full format | 09-05-2016 | 2016-11500349 | |
| 31-12-2014 | full format | 03-08-2015 | 2015-37900216 | |
| 31-12-2013 | full format | 16-09-2014 | 2014-58500468 | |
| 31-12-2012 | full format | 27-05-2013 | 2013-12900591 | |
| 31-12-2011 | full format | 16-07-2012 | 2012-29300188 | |
| 31-12-2010 | full format | 01-06-2011 | 2011-13300539 | |
| 31-12-2009 | full format | 05-08-2010 | 2010-38600002 | |
| 31-12-2008 | full format | 09-06-2009 | 2009-19800369 | |
| 31-12-2007 | full format | 07-05-2008 | 2008-13000345 | |
| 31-12-2006 | full format | 04-06-2007 | 2007-17600381 | |
| 31-12-2005 | full format | 08-05-2006 | 2006-13403062 | |
| 31-12-2004 | full format | 09-05-2005 | 2005-14301544 | |
| 31-12-2003 | full format | 18-06-2004 | 2004-27600465 | |
| 31-12-2002 | full format | 31-07-2003 | 2003-58403249 | |
| 31-12-2001 | full format | 28-11-2002 | 2002-74103501 | |
| 31-12-2000 | full format | 29-10-2001 | 2001-67100656 | |
| 31-12-1999 | full format | 06-10-2000 | 2000-62602856 | |
| 31-12-1998 | full format | 21-02-2000 | 2000-04300390 | |
| 31-12-1997 | full format | 21-02-2000 | 2000-04300378 | |
| 31-12-1996 | full format | 07-10-1997 | 1997-48003630 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 173,902 | 176,414 | 129,149 | 160,660 | 163,904 | 177,899 | 147,937 | 141,240 | 154,468 | 217,968 | 213,600 | 208,866 | 213,473 | 212,307 | 223,021 | 274,178 | 281,283 | 264,028 | 284,693 | - | ||
| 112,031 | 138,010 | 100,963 | 125,855 | 126,703 | 146,315 | 112,125 | 103,849 | 114,437 | 173,493 | 164,869 | 137,399 | 131,640 | 124,699 | 69,425 | 144,720 | 131,826 | 136,145 | 141,428 | - | ||
| 17,949 | 0 | 66,624 | 5,651 | 28,661 | 0 | 35,213 | 5,983 | 4,861 | 0 | 0 | 22,273 | 0 | 4,836 | -289,439 | 8,543 | 323,649 | 2,814 | 49,365 | 643,099 | ||
| 5,366 | 26,238 | -67,579 | 39 | 3,264 | 38,083 | -9,708 | -19,757 | 10,177 | 6,945 | 28,749 | 25,923 | 6,334 | 2,240 | 16,016 | -12,033 | -82,683 | 68,612 | 58,814 | - | ||
| -380,163 | -333,476 | -328,792 | -269,876 | -258,856 | -252,131 | -275,379 | -255,628 | -237,441 | -230,867 | -295,326 | -325,723 | -316,746 | -327,400 | -328,399 | -351,244 | -365,021 | -263,534 | -308,649 | -426,052 | ||
| 25.5% | 26.4% | 22.8% | 21.3% | 18.5% | 16.1% | 12.8% | 11.3% | 10.0% | 8.4% | 5.5% | 3.2% | 2.3% | 1.5% | 1.0% | 3.1% | 3.1% | 3.7% | 3.6% | 3.3% | ||
| 0.29 | 0.29 | 0.25 | 0.39 | 0.40 | 0.40 | 0.32 | 0.35 | 0.40 | 0.40 | 0.32 | 0.26 | 0.22 | 0.20 | 0.19 | 0.15 | 0.18 | 0.38 | 0.23 | 0.05 | ||
| 0.29 | 0.28 | 0.24 | 0.38 | 0.39 | 0.39 | 0.31 | 0.34 | 0.39 | 0.39 | 0.32 | 0.25 | 0.21 | 0.19 | 0.18 | 0.15 | 0.18 | 0.37 | 0.23 | 0.05 | ||
| 2.92 | 2.79 | 3.40 | 3.70 | 4.41 | 5.21 | 6.80 | 7.83 | 8.98 | 10.86 | 17.10 | 29.89 | 43.27 | 66.73 | 97.51 | 30.95 | 31.18 | 25.97 | 26.97 | 28.99 | ||
| 4.0% | 10.2% | 1.6% | 8.8% | 10.2% | 18.3% | 8.8% | 7.2% | 12.8% | 31.5% | 39.2% | 28.3% | 31.8% | 28.5% | -255.7% | -4.4% | -15.8% | 0.8% | 5.6% | -97.1% | ||
| 1.0% | 2.7% | 0.4% | 1.9% | 1.9% | 3.0% | 1.1% | 0.8% | 1.3% | 2.7% | 2.2% | 0.9% | 0.7% | 0.4% | -2.6% | -0.1% | -0.5% | 0.0% | 0.2% | -3.2% | ||
| 2.79 | 7.44 | 4.91 | 6.23 | 5.50 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
EBIT margin: not included in this filing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Social balance sheet
| Item | 31-12-2025 | 31-12-2024 | 31-12-2023 | 31-12-2022 | 31-12-2021 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 5 | 5 | 6 | 6 | 6 |
| full-time | 1 | 1 | 1 | - | 1 |
| part-time | 4 | 4 | 5 | 6 | 5 |
| in full-time equivalents | 3.5 | 3.4 | 4 | 3.6 | 4 |
| 3.5 | 3.6 | 3.6 | 4 | 4 | |
| On a permanent contract | 5 | 5 | 6 | 6 | 6 |
| Joined | 1 | 7 | 5 | 7 | 3 |
| Left | 1 | 7 | 5 | 7 | 3 |
Source: social balance sheet in the 2021 to 2025 annual accounts
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €17,949 | - | €66,624 | €5,651 | €28,661 |
| €95,895 | €93,908 | €94,899 | €92,369 | €91,446 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Insights on DEMOCONSTRUCT
The operating result for 2025 is 5% lower than in 2024.
Debt's share of the balance-sheet total rises from 73.6% to 74.5%. Equity and debt are lower.