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B-DEVELOPMENT

Active
Public limited companyfounded 2001active for 25 yearsBritselei 19, 2000 Antwerpen, Belgium21 active companies are registered at this addressKBO/BCE: BE 0475.688.097
Summary

B-DEVELOPMENT has been active since 2001 and the Belgian Official Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €6.4m and a net result of -€1.4m. Equity is growing by about 11% per year across the filed financial years. Its solvency ranks better than 51% of 4,794 sector peers (NACE 68, financial year 2024). The computed 12-month bankruptcy probability is 1.3% (low).

Overview

Activity
Development of residential building projects
NACE 68121
1 site
Size
€3.4mturnover 2024
Staff
1 FTE
Equity
€6.4m
Loss
-€1.4m
Financial health
54 Fair Checked score 2024
Bankruptcy probabilitywithin 12 months
1.3%
Structure
Holdings
3
  • GOLDEN AGEDirector · permanent representative Israel BRODY
Accounts 77 days overdue2 of 24 deeds read
Why 54raises riskCapped at 59: a confirmed filing findingFigures for financial year 2024 (filed 17-06-2025)Liquidity: current ratio 1.33, cash €556,460Loss of €1.4m, the second in a row (financial year 2024)lowers riskSector: Real estate activities (NACE 68)Show the evidence

Checked score

Score 2024
54 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 33% of its sector peers (NACE 68, micro)
A confirmed filing finding caps the score at 59. Every signal that counts is listed under Signals.
Financial strength · tick = 2023
Average
Solvency 56-1
equity 31.4% of total assets
Liquidity 39+1
short-term debt 33.4% · cash 2.7%
Profitability 39-16
return on assets -6.9%
Bankruptcy probability, 12 months
1.3% Low
0%0.5%1.5%4%10%≥ 25%

About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (26,579 companies, NACE 68, micro)
Last 24 months 11-2024: 0.4% 12-2024: 0.4%● unchanged vs 11-2024 01-2025: 0.4%● unchanged vs 12-2024 02-2025: 0.4%● unchanged vs 01-2025 03-2025: 0.4%● unchanged vs 02-2025 04-2025: 0.4%● unchanged vs 03-2025 05-2025: 0.4%● unchanged vs 04-2025 06-2025: 0.4%● unchanged vs 05-2025 07-2025: 0.3%▼ -0.1 percentage points vs 06-2025 08-2025: 0.3%● unchanged vs 07-2025 09-2025: 0.3%● unchanged vs 08-2025 10-2025: 0.3%● unchanged vs 09-2025 11-2025: 0.3%● unchanged vs 10-2025 12-2025: 0.3%● unchanged vs 11-2025 01-2026: 0.3%● unchanged vs 12-2025 02-2026: 0.3%● unchanged vs 01-2026lowest value 03-2026: 0.3%● unchanged vs 02-2026 04-2026: 0.3%● unchanged vs 03-2026 05-2026: 0.3%● unchanged vs 04-2026 06-2026: 0.3%● unchanged vs 05-2026 07-2026: 0.3%● unchanged vs 06-2026 08-2026: 0.6%▲ +0.3 percentage points vs 07-2026 09-2026: 0.8%▲ +0.2 percentage points vs 08-2026 10-2026: 1.3%▲ +0.5 percentage points vs 09-2026highest value
Credit of up to €330,000 on 30-day terms, only on tighter conditions: an expected filing is missing beyond Checked's processing allowance
Liquidity tight (current ratio 1.33, compared with 1.32 in 2023, below the usual 1.5; short-term debt: 33.4% and cash: 2.7% of total assets), and 68.6% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, micro): better than 50% on solvency, 31% on liquidity, 35% on profitability and 15% on growth.

The bankruptcy probability was computed on 15-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Seven signals.
lowers riskraises riskneutral
raises risk · Figures for financial year 2024 (filed 17-06-2025)
NBB · annual accounts
raises risk · Liquidity: current ratio 1.33, cash €556,460
NBB · annual accounts
lowers risk · Sector: Real estate activities (NACE 68)
KBO
raises risk · Loss of €1.4m, the second in a row (financial year 2024)
NBB · annual accounts
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024
Net result per financial year
192021222324
2019 to 2024 · latest year -€1.4m
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 77 days later.
NBB · 10 filings
Position against the passed deadline
31-12-2025 year end31-07-2026 deadline16-10-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 16-06-2025, 45 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
not filed
2024
45 days early
2023
15 days early
2022
on the day
2021
117 days late
2020
74 days late
2019
2 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 22 days after the deadline; the sector median (NACE 68) for financial year 2024 is 7 days before the deadline, and 36% of those companies filed late.

Searched, nothing found (1)
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Resignation: BVM – BOUW EN VASTGOED…Permanent representative: Claude Alfons LABEEUW…
  2. Annual accounts filedfinancial year 2024 · full…
  3. Appointments: BVM-BOUW EN VASTGOED MANAGEMENT (director)…Permanent representatives: LABEEUW Claude Alfons…

Key points

  • Caution: Result fell in 2024from -€861 to -€1.4m ▼ 163,774% View
  • Caution: Among the weakest 5% on net resultsector median €11,150 · 4,807 companies -€1.4m View
  • Caution: Accounts not fileddeadline was 31-07-2026 77 days late View
  • Caution: Board changedlatest change 28-08-2026 · 1 in office 1 joined · 1 left View
  • Caution: 2 loss-making years in a rowloss financial year 2024 -€1.4m View
  • Flemish supportawarded from 2022 to 2024 €105,190 View

By topic

Financials

Financial year
2024
Turnover
€3.4m
Loss
-€1.4m
Solvency
31.4%
Turnover▼ 53.1%
Net result
20212024
Go to Financials

Timeline

Events
27
Since
2003
  1. 31-12-2024Weakest financial year
  2. 16-07-2024Annual accounts filed
  3. 31-07-2023Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Development of residential building projectsNACE 68121
Founded
14-09-2001
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
48
Who signs
The sole director
Annual meeting
Second Wednesday of June at 15:00
Purpose
“Het kopen, verkopen, ruilen, huren, verhuren, onderverhuren, valoriseren, verbouwen…” (deed in Dutch)
Go to Articles of association

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