BELGIUM DEVELOPMENT SERVICES MULTI
ActiveThe computed 12-month bankruptcy probability of BELGIUM DEVELOPMENT SERVICES MULTI is 1.7% (moderate). The 2025 annual accounts show equity of €82k and a net result of €16k. Equity is growing by ~14.8% per year across the filed fiscal years. Its solvency ranks better than 66% of 27358 sector peers (fiscal year 2025). The company has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
100
/ 100
Excellent▲ +55 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability97▲+97
Solvency99▲+15
Growth85▲+17
Stability100
Bankruptcy probability, 12 months
1.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days acceptable
Liquidity ample (current ratio 2.47 against 1.75 in 2024), and 38.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
61.5%
Return on assets
11.9%
Age of the figures
8 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 18-08-2026, 18 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 8 filingsDeviation from the deadline
2025
18 d late
2024
17 d early
2023
30 d late
2022
1 d late
2021
2 d early
2020
61 d late
2019
59 d late
← before the deadline
after the deadline →
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 monthsPosition in the running window
13-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€396k▼ 7.6%
2020 · €428k
2018: €182k
2019: €303k
2020: €428k
2018 → 2021
EBIT margin
6.5%▲ 4.4pp
2020 · 2.1%
2018: 5.7%
2019: 3.1%
2020: 2.1%
2018 → 2021
Net result
€16k
2024 · €-38k
2018: €11k
2019: €9k
2020: €9k
2021: €26k
2022: €15k
2023: €46k
2024: €-38k
2018 → 2025
Working capital
€76k▲ 22.7%
2024 · €62k
2018: €17k
2019: €22k
2020: €33k
2021: €62k
2022: €76k
2023: €118k
2024: €62k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€396k-
Equity€61k-€77k▲ 24.7%€122k▲ 60.0%€66k▼ 45.8%€82k▲ 24.0%
Operating result€26k-€17k▼ 35.9%€59k▲ 256%€-23k€25k
Net result€26k-€15k▼ 41.5%€46k▲ 203%€-38k€16k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €25k after a loss of €23k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €134k
Fixed assets
€6k▲ 41.6%
Current assets
€128k▼ 11.8%
Equity and liabilities €134k
Equity
€82k▲ 24.0%
Debt
€52k▼ 37.7%
The debt ratio falls from 55.5% to 38.5%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€27k▲
2024 · €-22k
Cash flow
€18k▲
2024 · €-37k
Solvency
61.5%▲
2024 · 44.5%
Current ratio
2.47▲
2024 · 1.75
Quick ratio
2.47▲
2024 · 1.75
Debt / equity
0.63▼
2024 · 1.25
ROE
19.3%▲
2024 · -57.5%
ROA
11.9%▲
2024 · -25.6%
Interest coverage
7.66▲
2024 · -5.38
Debt
€52k▼
2024 · €83k
Debt ≤ 1 year
€52k▼
2024 · €83k
Income taxes
€6k▼
2024 · €11k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€149k€134k▼
Fixed assets21/28€4k€6k▲
Tangible fixed assets22/27€4k€6k▲
Plant, machinery and equipment23€2k€2k▼
Furniture and vehicles24€2k€4k▲
Current assets29/58€145k€128k▼
Amounts receivable within one year40/41€126k€103k▼
Trade receivables40€90k€69k▼
Other amounts receivable41€36k€33k▼
Cash at bank and in hand54/58€12k€15k▲
Deferred charges and accrued income490/1€7k€10k▲
Equity and liabilities
Total equity and liabilities10/49€149k€134k▼
Equity10/15€66k€82k▲
Contributions10/11€6k€6k=
Reserves13€971€971=
Non-distributable reserves130/1€971€971=
Reserves not available under the articles1311€971€0▼
Other1319-€971
Profit (loss) carried forward14€59k€75k▲
Amounts payable17/49€83k€52k▼
Amounts payable within one year42/48€83k€52k▼
Trade debts44€60k€40k▼
Suppliers440/4€60k€40k▼
Taxes, remuneration and social security45€23k€11k▼
Taxes450/3€23k€11k▼
Income statement
Code20242025
Non-recurring operating income76A€925€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€2k▲
Other operating charges640/8€3k€3k▼
Non-recurring operating charges66A€40k€0▼
Gross operating margin9900€21k€29k▲
Operating profit (loss)9901€-23k€25k▲
Financial income75/76B€5€45▲
Recurring financial income75€5€45▲
Financial charges65/66B€4k€4k▼
Recurring financial charges65€4k€4k▼
Profit (loss) for the period before taxes9903€-27k€21k▲
Income taxes67/77€11k€6k▼
Profit (loss) for the period9904€-38k€16k▲
Profit (loss) for the period to be appropriated9905€-38k€16k▲
Appropriation of the result
Profit (loss) to be appropriated9906€59k€75k▲
Profit (loss) brought forward from the previous period14P€97k€59k▼
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
18-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 18 days late
2025
31-12
Financial
Back to profitnet €16k
Net result €16k after one loss-making year.
14-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-38k ▼183%
Net result drops to €-38k, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Highest result since 2018net €46k ▲203%
Operating result €59k, net result €46k, both a record.
31-12
Financial
Liquidity times 6current ratio 6.83
Current ratio from 1.16 to 6.83; short-term debt falls from €468k to €20k.
31-12
Financial
Equity above €100kEq €122k ▲60%
6 profitable years in a row build equity to €122k.
01-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 1 day late
2022
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 61 days late
2020
28-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 59 days late
2019
24-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 55 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2025
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
25-11-2025
ALVES DE OLIVEIRA Luzia Aparecida: Resigned as Manager
11-05-2018
MAILLEN Victor: Resigned as Manager
11-05-2018
PRUDENCIO ROMANEIRO Andreia: Resigned as Manager
31-10-2017
MAILLEN, Victor J: Resigned as Managing director
Location & real-estate footprint
Registered office, Elsene · 1 establishment unit since 2017
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Jaargetijdenlaan 1001050 ElseneGround area
9,351 m²
Building footprint
1,986 m²
Volume, LiDAR
19,866 m³
2 parcels, Brussels · tallest building 21.4 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
BELGIUM DEVELOPMENT SERVICES MULTI
since 20172.275.516.466
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21819D0090/00P000 | Brussels | 8,062 m² | 1 · 656 m² | 18.0 m · 4 fl. |
| 21445C0272/00M005 | Brussels | 1,289 m² | 1 · 1,331 m² | 21.4 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
WELTENS GUIDO
BE 0866.249.590
Bocholt · Eq €82k
Rosiers Aannemingswerken en Verhuur
BE 0802.330.550
Beveren-Kruibeke-Zwijndrecht · Eq €82k
DANOVI
BE 0887.640.961
Dilbeek · Eq €82k
AKSEL-42
BE 0793.737.241
Wemmel · Eq €82k
Grondwerken Vrijsen Rudi
BE 0880.757.822
Pelt · Eq €82k
Of 8,397 companies in sector 43120 we hold annual accounts for 3,204. 2,592 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded31-08-2017
Fiscal year end31-12
Abbreviation FR
BDS multi
Trade name FR
BDS multi
Activities, NACEBEL
43120Site preparation
81210General cleaning of buildings
43350Other building finishing work
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.