Equity
€3.8m ▲ 3.8%
Develops has made a profit without a break since 2013.
Chapter George Develops
Part of the group
22 companies in 2 countries
Lifetime
16 annual accounts with figures on one time axispeak €11.0m (2023)
€8.5m▲ 18.0%
lowest -€55,112 (2011)
€138,050▲ 111%
peak €4.4m (2019)
€3.8m▲ 3.8%
€8.8m▲ 25.9%
peak 5.6 FTE (2022)
2.8 FTE▼ 9.7%
Board7 names since 2017
2 directors and 1 other
Owners2 names in the annual accounts
100%
Documentsfilings and deeds
03-06-202658 days before the deadline
2025financial year
Turnover from €7.2m to €8.5mResult from €65,420 to €138,050Staff from 3.1 FTE to 2.8 FTEPermanent representatives: and 22-07Debts from €7.0m to €8.8m
Key points
from the 2025 annual accountsResult
€138,050 ▲ 111%
The result rose in 2025 from €65,420 to €138,050.
Debts
€8.8m ▲ 25.9%
Debts rose by €1.8m in 2025.
Staff
2.8 FTE from 5.6 in 2022
Between 2022 and 2025, 50% of the full-time equivalents disappeared.
Payment terms
45 days to suppliers
Develops pays its suppliers 19 days earlier than in 2024. Customers pay 14 days earlier.
Filings
16 annual accounts since 2010
Two of the last ten came late. The 2021 accounts came latest: 40 days after the end of the period.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 10,902 companies had the same profile as Chapter George Develops has now. Each dot stands for 28 companies, two years later.
95.2%
were still trading
4.0%
stopped another way
0.7%
went bankrupt
Test of the method
The method was tested on the 497,331 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 10,902 companies, not a prediction for Chapter George Develops. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
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Signals
Board and ownership
Managing director,
Managing director,
Director, , since 02-09-2021
Auditor
- 100%score equity €14.6m (2025) · 2025 annual accounts of
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0819836872
Environmental permit granted
Verbouwen en/of uitbreiden van bijgebouwen en niet overdekte lage constructies, Verbouwen en/of uitbreiden zonder functiewijziging en zonder wijziging van aantal woongelegenheden · Anzegem
Environmental permit granted
Bouwen of herbouwen, Nieuwbouw van bijgebouwen en niet overdekte lage constructie · Ingelmunster
1 statutory auditor appointed
(statutory auditor) · Permanent representatives: and · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Chapter George Develops Harelbeke | €8.5m | 4.1% | 30.1% | 2.8 |
| ESCO FINANCIAL AND ENGINEERING COMPANY Brussels | €2.8m | 3.9% | 37.4% | 4.4 |
| DataProjeX Enghien | €39.9m | 4.4% | 10.0% | 6 |
| Renner Energies Belgium VX Leuven | €1.4m | 3.3% | -1.7% | 2.9 |
| TIM VAN LAERE GALLERY Antwerp | €6.8m | 27.7% | 96.3% | 4.8 |
| LuWa Maintenance Namur | €7.6m | 0.6% | 5.2% | 6 |
| DELTA INVEST Geraardsbergen | €2.7m | 4.0% | 53.9% | 6.9 |
Grey: the largest companies of the sector (architecture and engineering (NACE 71)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as Develops: engineering and related technical consultancy, excluding land surveyors (NACE 71121). They are comparable in size and age: total assets between €9.9m and €21m, founded between 1989 and 2019.
Official details
Source: KBO- Status
- Active since 07-10-2009Normal situation
- Registered office
- 11 active companies are registered at this addressSource: KBO register, as of 12 November 2026.
- Activity
- Engineering and related technical consultancy, excluding land surveyorsNACE 71121and 5 others
- Joint committee
- 200Auxiliary committee for white-collar workers · annual accounts 2025
- Establishment unit
- 2.183.237.5948530 Harelbeke, since 07-10-2009
- Financial year end
- 31 December
- Peppol
- Reachable since 21-10-2026
Annual accounts 2025
- €12.6m▲ 18.3%
- Employeeson 31-12-2025
- 3=
- Filing
- Filed on 03-06-2026, 58 days before the end of the filing period
Insights on Chapter George Develops
Develops has existed since 2009. Turnover grew from €5.1m in 2012 to €8.5m in 2025.
holds all the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Chapter George Develops
- What is the company number of Chapter George Develops?
- The company number of Develops is 0819.836.872. The VAT number is the same number with BE in front: BE 0819.836.872.
- Where is Chapter George Develops based?
- The registered office is at Harpstraat 5, 8530 Harelbeke.Company details
- What does Chapter George Develops do?
- According to the KBO register, the main activity is engineering and related technical consultancy, excluding land surveyors (NACE 71121).
- What is the legal form of Chapter George Develops?
- Develops is a private limited company (BV).
- When was Chapter George Develops founded?
- Develops was founded on 07-10-2009.
- Is Chapter George Develops still active?
- Yes, Develops is an active enterprise in the KBO register.
- How many employees does Chapter George Develops have?
- Develops had an average of 2.8 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does Chapter George Develops fall under?
- In its 2025 annual accounts, Develops states joint committee 200 (Auxiliary committee for white-collar workers).
- What is the turnover of Chapter George Develops?
- The turnover of Develops was €8.5m in financial year 2025, according to the filed annual accounts.
- Is Chapter George Develops profitable?
- In financial year 2025, Develops made a profit of €138,050.
- Where can I find the annual accounts of Chapter George Develops?
- Develops filed 16 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Chapter George Develops due?
- Develops must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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