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B2 development

Active
Private limited companyfounded 20206 yrs activeLeernsesteenweg 401, 9800 Deinze, BelgiumKBO/BCE: BE 0745.880.411
Summary

The annual accounts of B2 development for fiscal year 2025 show a net loss of 51% of the equity at the start of that year. The 2025 annual accounts show equity of €5,062 and a net result of -€5,203. Equity is shrinking by ~23% per year across the filed fiscal years. Its solvency ranks better than 28% of 14220 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.8% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability23▲+3
Solvency31▼-28
Growth32=
Track record100
Bankruptcy probability, 12 months
0.8% Low
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity tight (current ratio 1.06 against 1.51 in 2024; short-term debt: 94.4% and cash: 0.5% of total assets), and 94.4% of the assets are financed with debt.
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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 6 years 0 10 y
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
5.6%
Return on assets
-5.8%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025
Net result per financial year
2122232425
2021 to 2025 · latest year -€5,203
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-07-2026, 7 days ahead of the deadline.
NBB · 5 filings
Deviation from the deadline
2025
7 d early
2024
6 d early
2023
6 d early
2022
30 d late
2021
13 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 5 accounts on average on the deadline day; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven months
Position in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 8 April 2020, B2 development was incorporated as a Private limited company.1 Total assets went from EUR 17,887 in 2021 to EUR 90,114 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2021 and 2025

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Financials · fiscal year 2025, micro schema

Equity
€5,062▼ 50.7%
2024 · €10,265
Total assets
€90,114▲ 198%
2024 · €30,265
Net result
-€5,203▼ 145%
2024 · -€2,126
Working capital
€5,062▼ 50.7%
2024 · €10,265
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Operating result-€2,088--€1,327▲ 36.5%-€4,050▼ 205%-€2,066▲ 49.0%-€5,113▼ 147%
Net result-€2,113--€1,387▲ 34.4%-€4,110▼ 196%-€2,126▲ 48.3%-€5,203▼ 145%
Equity€17,887-€16,501▼ 7.8%€12,391▼ 24.9%€10,265▼ 17.2%€5,062▼ 50.7%
Total assets€17,887-€26,501▲ 48.2%€32,391▲ 22.2%€30,265▼ 6.6%€90,114▲ 198%
Debt€10,000€20,000▲ 100%€20,000=€85,052▲ 325%
Working capital€16,501€12,391▼ 24.9%€10,265▼ 17.2%€5,062▼ 50.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€6,000-€4,000-€2,000€0Operating result 2021: -€2,088-€2,088Net result 2021: -€2,113-€2,113Operating result 2022: -€1,327-€1,327Net result 2022: -€1,387-€1,387Operating result 2023: -€4,050-€4,050Net result 2023: -€4,110-€4,110Operating result 2024: -€2,066-€2,066Net result 2024: -€2,126-€2,126Operating result 2025: -€5,113-€5,113Net result 2025: -€5,203-€5,20320212022202320242025-€6,000-€4,000-€2,000€0Operating result 2023: -€4,050-€4,050Net result 2023: -€4,110-€4,110Operating result 2024: -€2,066-€2,070Net result 2024: -€2,126-€2,130Operating result 2025: -€5,113-€5,110Net result 2025: -€5,203-€5,200202320242025
The operating result stays negative: a loss of €5,113 in 2025 against €2,066 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €90,114
Equity €5,062 ▼ 50.7%
Debt €85,052 ▲ 325%
Debt's share of the balance-sheet total rises from 66.1% to 94.4%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
Current ratio
1.06▼
2024 · 1.51
Quick ratio
0.71▲
2024 · 0.42
Debt to equity
16.80▲
2024 · 1.95
ROE
-102.8%▼
2024 · -20.7%
ROA
-5.8%▲
2024 · -7.0%
Debt ≤ 1 year
€85,052▲
2024 · €20,000
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 849 companies that looked in July 2024 the way this one looks now, 3.9% went bankrupt within 24 months and 92% are still going.

  • Micro
  • 5 to 10 years old
  • solvency under 10%
  • a small loss
3.9% went bankrupt
3.3% stopped otherwise
92% still going

A further 0.9% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 0.8% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.6%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 849 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 · 29 lines
Balance sheet Code20242025
Assets
Total assets20/58€30,265€90,114▲
Current assets29/58€30,265€90,114▲
Stocks and contracts in progress3€21,837€29,927▲
Stocks30/36€21,837€29,927▲
Amounts receivable within one year40/41€5,707€59,769▲
Trade receivables40-€51,500
Other amounts receivable41€5,707€8,269▲
Cash at bank and in hand54/58€2,721€417▼
Equity and liabilities
Total equity and liabilities10/49€30,265€90,114▲
Equity10/15€10,265€5,062▼
Contributions10/11€20,000€20,000=
Profit (loss) carried forward14-€9,735-€14,938▼
Amounts payable17/49€20,000€85,052▲
Amounts payable within one year42/48€20,000€85,052▲
Trade debts44-€371
Suppliers440/4-€371
Taxes, remuneration and social security45-€181
Taxes450/3-€181
Other amounts payable47/48€20,000€84,500▲
Income statement Code20242025
Other operating charges640/8€141€144▲
Gross operating margin9900-€1,926-€4,969▼
Operating profit (loss)9901-€2,066-€5,113▼
Financial charges65/66B€60€90▲
Recurring financial charges65€60€90▲
Profit (loss) for the period before taxes9903-€2,126-€5,203▼
Profit (loss) for the period9904-€2,126-€5,203▼
Profit (loss) for the period to be appropriated9905-€2,126-€5,203▼
Appropriation of the result
Profit (loss) to be appropriated9906-€9,735-€14,938▼
Profit (loss) brought forward from the previous period14P-€7,609-€9,735▼

The notes to these accounts (3 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€407-----
Other operating charges640/8-€122€2,240€141€144▲ 2.6%
Gross operating margin9900-€1,680-€1,205-€1,810-€1,926-€4,969▼ 158%
Operating profit (loss)9901-€2,088-€1,327-€4,050-€2,066-€5,113▼ 147%
Financial charges65/66B€25€60€60€60€90▲ 50.0%
Recurring financial charges65€25€60€60€60€90▲ 50.0%
Profit (loss) for the period before taxes9903-€2,113-€1,387-€4,110-€2,126-€5,203▼ 145%
Profit (loss) for the period9904-€2,113-€1,387-€4,110-€2,126-€5,203▼ 145%
Profit (loss) for the period to be appropriated9905-€2,113-€1,387-€4,110-€2,126-€5,203▼ 145%
Line20212022202320242025Change
Assets
Total assets20/58€17,887€26,501€32,391€30,265€90,114▲ 198%
Current assets29/58€17,887€26,501€32,391€30,265€90,114▲ 198%
Stocks and contracts in progress3€9,450€16,530€21,837€21,837€29,927▲ 37.0%
Stocks30/36€9,450€16,530€21,837€21,837€29,927▲ 37.0%
Amounts receivable within one year40/41€2,351€4,050€5,428€5,707€59,769▲ 947%
Trade receivables40----€51,500-
Other amounts receivable41€2,351€4,050€5,428€5,707€8,269▲ 44.9%
Cash at bank and in hand54/58€6,087€5,921€5,126€2,721€417▼ 84.7%
Equity and liabilities
Total equity and liabilities10/49€17,887€26,501€32,391€30,265€90,114▲ 198%
Equity10/15€17,887€16,501€12,391€10,265€5,062▼ 50.7%
Contributions10/11€20,000€20,000€20,000€20,000€20,000=
Profit (loss) carried forward14-€2,113-€3,499-€7,609-€9,735-€14,938▼ 53.4%
Amounts payable17/49-€10,000€20,000€20,000€85,052▲ 325%
Amounts payable within one year42/48-€10,000€20,000€20,000€85,052▲ 325%
Trade debts44----€371-
Suppliers440/4----€371-
Taxes, remuneration and social security45----€181-
Taxes450/3----€181-
Other amounts payable47/48-€10,000€20,000€20,000€84,500▲ 323%
Line20212022202320242025Change
Profit (loss) for the period9904-€2,113-€1,387-€4,110-€2,126-€5,203▼ 145%
+ Depreciation and write-downs630€407-----
Operating cash flow (approximation)-€1,705-€1,387-€4,110-€2,126-€5,203▼ 145%
Change in cash--€165-€795-€2,406-€2,303▲ 4.3%

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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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
24-07
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial Weakest financial yearnet -€5,203
Net result drops to -€5,203, the lowest in the series.
25-07
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
25-07
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
30-08
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
18-07
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Deinze · 1 establishment unit since 2020
seat establishment The establishment unit on the map
Ground area
8,970 m²
Building footprint
234 m²
Volume, LiDAR
1,129 m³
Parcel 44065A0453/00C000, Flanders · tallest building 8.3 m, ±2 floors. Linked by address, not a title deed.
5 companies at this address See who is registered here
1 establishment unit
B2 development
Leernsesteenweg 401, 9800 DeinzeHoldings
since 20202.301.495.838
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
44065A0453/00C000 Flanders 8,970 m² 1 · 234 m² 8.3 m · 2 fl.
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Structure & network

Owners and holdings

1 owner

Owners 1

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

According to the annual accounts 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

No current directors or connected companies found in the register.

Similar companies · same sector, comparable size

Of 7,326 companies in sector 68110 we hold annual accounts for 5,384. 1,335 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded08-04-2020
Fiscal year end31-12
Abbreviation NL B2D
Activities, NACEBEL 2025
68110Buying and selling of own real estate
E-invoicing
Reachable via Peppol
Peppol ID 0208:0745880411
Also 9925:BE0745880411
Registered 29-01-2026

Register as of 26 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.