Equity
€3.8m ▲ 3.8%
Chapter George Develops has made a profit without a break since 2013.
Chapter George Develops
Overview
Lifetime
16 annual accounts with figures on one time axisTurnoverpeak €11.0m (2023)
€8.5m▲ 18.0%
Resultlowest -€55,112 (2011)
€138,050▲ 111%
Equitypeak €4.4m (2019)
€3.8m▲ 3.8%
Debts
€8.8m▲ 25.9%
Staffpeak 5.6 FTE (2022)
2.8 FTE▼ 9.7%
Board7 names since 2021
2 directorsD.S.R.T. and 1 other
Owners2 names in the annual accounts
100%Chapter George
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: Rita Tanghe and Stadsbader Désiré 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.
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
Chapter George 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.
Position in the sector
€3.8m
More equity than 81% of companies in architecture and engineering. Sector median €565,549 · 891 companies.
Checked score
86
Excellent
Financially stronger than 29% of micro companies in architecture and engineering (NACE 71)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 14,828 companies (NACE 71, micro).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.3%
01-2025: 0.2%▼ -0.1 percentage points vs 12-2024
02-2025: 0.2%● unchanged vs 01-2025
03-2025: 0.2%● unchanged vs 02-2025
04-2025: 0.2%● unchanged vs 03-2025
05-2025: 0.2%● unchanged vs 04-2025
06-2025: 0.3%▲ +0.1 percentage points vs 05-2025
07-2025: 0.4%▲ +0.1 percentage points vs 06-2025highest value
08-2025: 0.2%▼ -0.2 percentage points vs 07-2025
09-2025: 0.2%● unchanged vs 08-2025
10-2025: 0.2%● unchanged vs 09-2025
11-2025: 0.2%● unchanged vs 10-2025
12-2025: 0.2%● unchanged vs 11-2025
01-2026: 0.2%● unchanged vs 12-2025
02-2026: 0.2%● unchanged vs 01-2026lowest value
03-2026: 0.2%● unchanged vs 02-2026
04-2026: 0.2%● unchanged vs 03-2026
05-2026: 0.2%● unchanged vs 04-2026
06-2026: 0.3%▲ +0.1 percentage points vs 05-2026
07-2026: 0.2%▼ -0.1 percentage points vs 06-2026
08-2026: 0.2%● unchanged vs 07-2026
09-2026: 0.2%● unchanged vs 08-2026
10-2026: 0.2%● unchanged vs 09-2026
11-2026: 0.2%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Liquidity: current ratio 1.70, cash €86,505
lowers risk
Figures for financial year 2025 (filed on 05-06-2026)
Size: turnover €8.5m, 2.8 FTE, total assets €12.6m
Sector: Architectural and engineering activities; technical testing and analysis (NACE 71)
Calculation
The band follows from the bankruptcy probability. 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 71, micro). It does better than 30% of them on solvency, 8% on liquidity, 17% on profitability and 61% on growth.
The bankruptcy probability was computed on 05-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 10,904 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
That fits the bankruptcy probability of Chapter George Develops itself: 0.2% within 12 months.
Test of the method
The method was tested on the 497,447 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 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 10,904 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
Credit of up to €320,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.7 (1.88 in 2024), above the usual 1.5. Short-term debt is 58.4% and cash 0.7% of total assets. However, 69.9% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 03-06-2026, 58 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
58 days early
2024
10 days early
2023
16 days early
2022
23 days late
2021
40 days late
2020
22 days early
2019
23 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 9 days before the deadline. In the sector (NACE 71), the median for financial year 2024 was 8 days before the deadline, and 34% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 21 July (4 of the last 5 accounts filed within 48 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
06-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
VB
VRC BEDRIJFSREVISOREN
Auditor
- Chapter George 100%score 82equity €14.6m (2025) · 2025 annual accounts of Chapter George
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
VRC BEDRIJFSREVISOREN (statutory auditor) · Permanent representatives: Stephanie Valcke and Stefanie Vanden Broucke · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | Turnover | EBIT margin | Solvency | Staff |
|---|---|---|---|---|
| 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 Chapter George 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 6 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
- Turnover
- €8.5m▲ 18.0%
- Profit
- €138,050▲ 111%
- Equity
- €3.8m▲ 3.8%
- Total assets
- €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
Chapter George Develops has existed since 2009. Turnover grew from €5.1m in 2012 to €8.5m in 2025.
Chapter George holds all the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
full format, filed on 03-06-2026, 58 days before the deadlineTurnover
€8.5m
▲ 18.0%
Operating result
€347,612
▲ 39.3%
EBITDA
€387,977
▲ 36.6%
Cash flow
€178,416
▲ 78.7%
Solvency
30.1%
▼ 4.2 percentage points
Current ratio
1.70
▼ 0.17
Money flows
of every €100 of turnover, €1.63 remains as profit in 2025Balance sheet
balance sheet total €12.6m on 31-12-2025What the company ownsHow it is paid for
Change in equityin €m
Change in cashin euro
Position in the sector
Solvency30.1%
Higher than 36% of 891 companies in 2025.
Current ratio1.70
Higher than 55% of 879 companies in 2025.
Return on assets1.1%
Higher than 36% of 890 companies in 2025.
Chapter George Develops
Middle half of the sector
80% of the sector
Full accounts in architecture and engineering (NACE 71)
Net result: middle half · Equity: top quarter · Balance sheet total: top quarter · Working capital: top quarter · Staff: bottom quarter
Staff
Men and women29% women
2 men and 0.8 women in full-time equivalents in 2025.
Staff cost per FTE€92,004
Staff costs divided by the average number of full-time equivalents.
Joined and left
Training hours in 2025: 80. Agency workers: 0.1 on average.
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||||||||
Total assets20/58 |
12.6m | 10.6m | 9.4m | 7.7m | 9.1m | 8.9m | 9.0m | 9.9m | 12.3m | 11.3m | 9.6m | 7.5m | 4.5m | 3.9m | 1.3m | 620,642 | |
Fixed assets21/28 |
52,918 | 77,720 | 96,928 | 154,025 | 110,611 | 121,108 | 165,928 | 151,475 | - | 1,207 | 2,414 | - | 16,155 | 33,656 | 2,700 | - | |
Tangible fixed assets22/27 |
52,918 | 77,720 | 96,928 | 154,025 | 110,611 | 121,108 | 165,928 | 151,475 | 0 | 1,207 | 2,414 | 0 | 16,155 | 33,656 | 2,700 | - | |
Plant, machinery and equipment23 |
790 | 1,018 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
Furniture and vehicles24 |
16,941 | 22,607 | 38,194 | 81,264 | 28,444 | 17,620 | 22,026 | 7,415 | - | 1,207 | 2,414 | - | - | 1,350 | 2,700 | - | |
Other tangible fixed assets26 |
35,186 | 54,095 | 58,734 | 72,761 | 82,167 | 103,488 | 143,902 | 144,060 | - | - | - | - | 16,155 | 32,306 | - | - | |
Current assets29/58 |
12.5m | 10.6m | 9.3m | 7.5m | 9.0m | 8.8m | 8.8m | 9.7m | 12.3m | 11.3m | 9.6m | 7.5m | 4.5m | 3.9m | 1.3m | 620,642 | |
Amounts receivable after more than one year29 |
- | - | - | - | 1.4m | - | - | - | - | - | - | - | - | - | - | - | |
Other amounts receivable291 |
- | - | - | - | 1.4m | - | - | - | - | - | - | - | - | - | - | - | |
Stocks and contracts in progress3 |
12.2m | 10.0m | 7.8m | 6.9m | 4.0m | 4.4m | 6.5m | 6.5m | 10.1m | 9.1m | 7.5m | 4.4m | 2.4m | 3.4m | 677,129 | - | |
Stocks30/36 |
12.2m | 10.0m | 7.8m | 6.9m | 4.0m | 4.4m | 6.5m | 6.5m | 10.1m | 9.1m | 7.5m | 4.4m | 2.4m | 3.4m | 677,129 | - | |
Property held for sale35 |
12.2m | 10.0m | 7.8m | 6.9m | - | - | - | - | - | - | - | - | - | - | - | - | |
Amounts receivable within one year40/41 |
155,908 | 445,393 | 1.2m | 313,146 | 583,086 | 1.7m | 1.1m | 1.3m | 154,552 | 460,651 | 241,115 | 298,403 | 1.6m | 8,673 | 40,250 | 573,416 | |
Trade receivables40 |
125,963 | 368,488 | 515,607 | 252,096 | 144,959 | 75,534 | 146,215 | 257,266 | 108,752 | 460,651 | 232,876 | 296,113 | 107,280 | 8,673 | 45 | - | |
Other amounts receivable41 |
29,945 | 76,905 | 644,640 | 61,050 | 438,127 | 1.6m | 904,509 | 1.1m | 45,800 | - | 8,239 | 2,290 | 1.5m | - | 40,205 | 573,416 | |
Current investments50/53 |
- | - | - | - | - | - | - | - | - | - | - | 534 | 533 | 532 | 520,628 | 40,329 | |
Cash at bank and in hand54/58 |
86,505 | 97,274 | 179,213 | 183,043 | 2.9m | 2.7m | 1.2m | 1.9m | 2.0m | 1.7m | 1.9m | 2.8m | 443,890 | 452,038 | 87,430 | 6,890 | |
Deferred charges and accrued income490/1 |
65,729 | 33,330 | 149,258 | 133,399 | 60,327 | 35,887 | 35,012 | - | 0 | 4,102 | - | 250 | 5,159 | 5,486 | 110 | 7 | |
| Balance sheet: equity and liabilities | |||||||||||||||||
Total equity and liabilities10/49 |
12.6m | 10.6m | 9.4m | 7.7m | 9.1m | 8.9m | 9.0m | 9.9m | 12.3m | 11.3m | 9.6m | 7.5m | 4.5m | 3.9m | 1.3m | 620,642 | |
Equity10/15 |
3.8m | 3.7m | 3.6m | 3.5m | 3.3m | 4.3m | 4.4m | 4.2m | 4.0m | 3.2m | 2.4m | 1.6m | 845,688 | 212,736 | 249,408 | 304,520 | |
Contributions10/11 |
300,000 | 300,000 | 300,000 | 300,000 | 300,000 | 300,000 | 300,000 | 300,000 | 300,000 | 300,000 | 300,000 | 300,000 | 300,000 | 300,000 | 300,000 | 300,000 | |
Capital10 |
- | - | - | - | 300,000 | - | - | - | - | - | - | - | - | - | - | - | |
Issued capital100 |
- | - | - | - | 300,000 | 300,000 | 300,000 | 300,000 | 300,000 | 300,000 | 300,000 | 300,000 | 300,000 | 300,000 | 300,000 | 300,000 | |
Reserves13 |
3.5m | 3.4m | 3.3m | 3.2m | 3.0m | 4.0m | 4.0m | 3.7m | 3.7m | 2.9m | 2.1m | 1.3m | 545,688 | 4,520 | 4,520 | 4,520 | |
Non-distributable reserves130/1 |
- | - | - | - | 30,000 | 30,000 | - | - | - | - | - | - | - | - | - | - | |
Legal reserve130 |
- | - | - | - | 30,000 | 30,000 | 30,000 | 30,000 | 30,000 | 30,000 | 30,000 | 4,520 | 4,520 | 4,520 | 4,520 | 4,520 | |
Distributable reserves133 |
3.5m | 3.4m | 3.3m | 3.2m | 3.0m | 4.0m | 3.9m | 3.7m | 3.7m | 2.9m | 2.0m | 1.3m | 541,168 | - | - | - | |
Profit (loss) carried forward14 |
- | - | - | - | - | - | 115,005 | 115,005 | - | 0 | - | - | - | -91,784 | -55,112 | - | |
Amounts payable17/49 |
8.8m | 7.0m | 5.8m | 4.2m | 5.8m | 4.6m | 4.6m | 5.7m | 8.2m | 8.1m | 7.3m | 5.9m | 3.7m | 3.7m | 1.1m | 316,122 | |
Amounts payable after more than one year17 |
1.4m | 1.3m | 1.4m | 1.8m | 2.0m | 2.5m | 1.7m | 20,000 | - | - | - | - | - | - | - | - | |
Financial debts170/4 |
1.4m | 1.3m | 1.4m | 1.8m | 2.0m | 2.5m | 1.7m | - | - | - | - | - | - | - | - | - | |
Other loans174 |
1.4m | 1.3m | 1.4m | 1.8m | - | - | - | - | - | - | - | - | - | - | - | - | |
Advances received on contracts in progress176 |
- | - | - | - | - | - | - | 20,000 | - | - | - | - | - | - | - | - | |
Amounts payable within one year42/48 |
7.4m | 5.6m | 4.4m | 2.4m | 3.8m | 2.1m | 2.9m | 5.7m | 8.2m | 8.1m | 7.3m | 5.9m | 3.7m | 3.7m | 1.1m | 316,110 | |
Current portion of amounts payable after more than one year42 |
- | - | 33,788 | - | 50,175 | 33,418 | 141,929 | 100,133 | - | - | - | - | - | - | - | - | |
Financial debts43 |
3.7m | 3.3m | 1.4m | - | - | - | - | - | - | - | - | - | - | - | - | - | |
Credit institutions430/8 |
3.7m | 3.3m | 1.4m | - | - | - | - | - | - | - | - | - | - | - | - | - | |
Trade debts44 |
973,709 | 1.2m | 1.6m | 1.1m | 1.5m | 1.2m | 2.2m | 2.7m | 1.7m | 1.7m | 2.4m | 1.8m | 2.0m | 2.0m | 264,211 | - | |
Suppliers440/4 |
973,709 | 1.2m | 1.6m | 1.1m | 1.5m | 1.2m | 2.2m | 2.7m | 1.7m | 1.7m | 2.4m | 1.8m | 2.0m | 2.0m | 264,211 | - | |
Advances received on contracts in progress46 |
0 | 0 | 0 | - | - | - | - | - | 3.5m | 3.4m | 2.4m | 2.5m | - | - | - | - | |
Taxes, remuneration and social security45 |
48,636 | 349,892 | 453,365 | 385,224 | 156,783 | 103,559 | - | 151,607 | 494,339 | 571,527 | 482,320 | 468,924 | 180,681 | 130,050 | 2,378 | 2,417 | |
Taxes450/3 |
22,554 | 315,855 | 412,575 | 314,881 | 156,783 | 103,559 | - | 151,607 | 494,339 | 571,527 | 422,148 | 468,924 | 180,681 | 130,050 | 2,378 | 2,417 | |
Remuneration and social security454/9 |
26,082 | 34,037 | 40,789 | 70,343 | - | - | - | - | - | - | 60,172 | - | - | - | - | - | |
Other amounts payable47/48 |
2.6m | 853,109 | 836,250 | 847,000 | 2.1m | 844,777 | 583,821 | 2.7m | 2.6m | 2.4m | 2.0m | 1.1m | 1.5m | 1.5m | 812,238 | 313,693 | |
Accrued charges and deferred income492/3 |
79,768 | 32,191 | 5,161 | 60,414 | - | - | - | - | - | - | - | - | 0 | 12 | 12 | 12 | |
| Income statement | |||||||||||||||||
Operating income70/76A |
8.5m | 7.2m | 11.0m | 8.8m | - | - | - | - | - | - | - | - | - | - | - | - | |
Turnover70 |
8.5m | 7.2m | 11.0m | 8.8m | 9.2m | 8.8m | 10.0m | 10.3m | 9.4m | 8.0m | 9.2m | 5.3m | 4.2m | 5.1m | - | - | |
Other operating income74 |
18,472 | 12,110 | 22,753 | 13,264 | - | - | - | - | - | - | - | - | - | - | - | - | |
Non-recurring operating income76A |
- | 79 | 188 | - | - | - | - | - | - | 63,933 | 1,128 | - | - | - | - | - | |
Gross operating margin9900 |
- | - | - | - | 1.2m | 960,627 | 1.0m | 1.6m | 1.2m | 1.2m | 1.3m | 1.1m | 886,721 | -34,314 | -55,402 | -2,147 | |
Operating charges60/66A |
8.1m | 6.9m | 9.8m | 7.8m | - | - | - | - | - | - | - | - | - | - | - | - | |
Goods, raw materials, services and sundry goods60/61 |
- | - | - | - | 8.0m | 7.8m | 9.0m | 8.7m | 8.1m | 6.8m | 7.9m | 4.2m | 3.3m | -5.1m | - | - | |
Goods for resale, raw materials and consumables60 |
6.6m | 5.4m | 8.1m | 6.4m | - | - | - | - | - | - | - | - | - | - | - | - | |
Purchases600/8 |
7.5m | 7.4m | 9.1m | 7.7m | - | - | - | - | - | - | - | - | - | - | - | - | |
Change in stocks: decrease (increase)609 |
-944,758 | -2.0m | -1.1m | -1.3m | - | - | - | - | - | - | - | - | - | - | - | - | |
Services and other goods61 |
1.3m | 1.2m | 1.1m | 771,926 | - | - | - | - | - | - | - | - | - | - | - | - | |
Remuneration, social security and pensions62 |
257,611 | 249,009 | 541,250 | 579,738 | - | - | - | - | - | - | - | - | 60 | - | - | - | |
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 |
40,365 | 34,435 | 30,704 | 39,203 | 28,431 | 47,936 | 54,336 | 46,438 | 1,207 | 1,207 | 1,207 | 16,155 | 17,502 | 17,503 | 1,350 | - | |
Other operating charges640/8 |
9,537 | 9,655 | 39,234 | 8,382 | 1,984 | 4,160 | 2,848 | 4,400 | 1,723 | 1,091 | 2,060 | 969 | 1,260 | 287 | 2,628 | 917 | |
Non-recurring operating charges66A |
- | - | 6,916 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
Operating profit (loss)9901 |
347,612 | 249,544 | 1.2m | 1.1m | 1.2m | 908,531 | 958,332 | 1.5m | 1.2m | 1.2m | 1.2m | 1.1m | 867,899 | -52,104 | -59,380 | -3,064 | |
Financial income75/76B |
125,110 | 92,845 | 151,020 | 136,586 | 148,935 | 112,061 | 184,470 | 143,907 | 111,183 | 77,641 | 78,489 | 61,634 | 58,008 | 40,172 | 19,591 | 23,741 | |
Recurring financial income75 |
106,083 | 92,845 | 142,783 | 136,586 | 148,935 | 112,061 | 184,470 | 143,907 | 111,183 | 77,641 | 78,489 | 61,634 | 58,008 | 40,172 | 19,591 | 23,741 | |
Income from current assets751 |
- | - | 23,513 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
Other financial income752/9 |
106,083 | 92,845 | 119,270 | 136,586 | - | - | - | - | - | - | - | - | - | - | - | - | |
Non-recurring financial income76B |
19,027 | - | 8,237 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
Financial charges65/66B |
284,671 | 250,660 | 173,533 | 31,188 | 34,583 | 30,107 | 30,062 | 40,157 | 55,583 | 64,437 | 52,252 | 50,826 | 69,313 | 24,276 | 15,323 | 16,157 | |
Recurring financial charges65 |
284,671 | 250,660 | 173,533 | 31,188 | 34,583 | 30,107 | 30,062 | 40,157 | 55,583 | 64,437 | 52,252 | 50,826 | 69,313 | 24,276 | 15,323 | 16,157 | |
Debt charges650 |
219,931 | 181,389 | 54,608 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
Other financial charges652/9 |
64,740 | 69,270 | 118,925 | 31,188 | - | - | - | - | - | - | - | - | - | - | - | - | |
Profit (loss) for the period before taxes9903 |
188,050 | 91,730 | 1.2m | 1.2m | 1.3m | 990,485 | 1.1m | 1.6m | 1.3m | 1.2m | 1.3m | 1.1m | 856,594 | -36,209 | -55,112 | 4,520 | |
Income taxes67/77 |
50,000 | 26,310 | 315,585 | 295,536 | 327,191 | 253,112 | 343,763 | 512,709 | 439,484 | 380,546 | 462,217 | 355,100 | 223,641 | 464 | - | - | |
Taxes670/3 |
50,000 | 26,310 | 316,403 | 310,047 | - | - | - | - | - | - | - | - | - | - | - | - | |
Tax adjustments and reversals of tax provisions77 |
- | 0 | 818 | 14,512 | - | - | - | - | - | - | - | - | - | - | - | - | |
Profit (loss) for the period9904 |
138,050 | 65,420 | 911,456 | 883,841 | 982,095 | 737,373 | 768,977 | 1.1m | 840,178 | 834,952 | 812,515 | 709,294 | 632,953 | -36,672 | -55,112 | 4,520 | |
Profit (loss) for the period to be appropriated9905 |
138,050 | 65,420 | 911,456 | 883,841 | 982,095 | 737,373 | 768,977 | 1.1m | 840,178 | 834,952 | 812,515 | 709,294 | 632,953 | -36,672 | -55,112 | 4,520 | |
| Appropriation of the result | |||||||||||||||||
Profit (loss) to be appropriated9906 |
138,050 | 65,420 | 911,456 | 883,841 | 982,095 | 852,378 | 883,982 | 1.1m | 840,178 | 834,952 | 812,515 | 709,294 | 541,169 | -91,784 | -55,112 | 4,520 | |
Transfer from equity791/2 |
- | - | - | - | 1.0m | - | - | - | - | - | - | - | - | - | - | - | |
Transfer to equity691/2 |
138,050 | 65,420 | 111,456 | 183,841 | - | 52,378 | 218,977 | - | 840,178 | 834,952 | 812,515 | 709,294 | 541,169 | - | - | 4,520 | |
To the legal reserve6920 |
- | - | - | - | - | - | - | - | - | - | 25,480 | - | - | - | - | 4,520 | |
To other reserves6921 |
138,050 | 65,420 | 111,456 | 183,841 | - | 52,378 | 218,977 | - | 840,178 | 834,952 | 787,035 | 709,294 | 541,169 | - | - | - | |
Profit to be distributed694/7 |
- | - | 800,000 | 700,000 | 2.0m | 800,000 | 550,000 | 1.0m | - | - | - | - | - | - | - | - | |
Return on contributions (dividend)694 |
- | - | 800,000 | 700,000 | 2.0m | 800,000 | 550,000 | 1.0m | - | - | - | - | - | - | - | - | |
| Social balance sheet | |||||||||||||||||
Average staff (FTE)9087 |
2.8 | 3.1 | 4.9 | 5.6 | - | - | - | - | - | - | - | - | - | - | - | - | |
Men (FTE)1003 |
2 | 2.3 | 3.3 | 3.6 | - | - | - | - | - | - | - | - | - | - | - | - | |
Women (FTE)1003 |
0.8 | 0.8 | 1.6 | 2 | - | - | - | - | - | - | - | - | - | - | - | - | |
Agency workers1501 |
0.1 | 0 | 1 | 1 | - | - | - | - | - | - | - | - | - | - | - | - | |
Hours worked1013 |
4,898 | 5,080 | 8,584 | 10,104 | - | - | - | - | - | - | - | - | - | - | - | - | |
| Document | |||||||||||||||||
The notes to these accounts have 43 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 03-06-2026.
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 | 03-06-2026 | 2026-00138131 | |
| 31-12-2024 | full format | 21-07-2025 | 2025-00298264 | |
| 31-12-2023 | full format | 15-07-2024 | 2024-00270321 | |
| 31-12-2022 | full format | 23-08-2023 | 2023-00362837 | |
| 31-12-2021 | abbreviated format | 09-09-2022 | 2022-20431837 | |
| 31-12-2020 | abbreviated format | 09-07-2021 | 2021-34300329 | |
| 31-12-2019 | abbreviated format | 08-07-2020 | 2020-27900007 | |
| 31-12-2018 | abbreviated format | 09-07-2019 | 2019-30700575 | |
| 31-12-2017 | abbreviated format | 18-07-2018 | 2018-34300469 | |
| 31-12-2016 | abbreviated format | 10-07-2017 | 2017-29700137 | |
| 31-12-2015 | abbreviated format | 12-07-2016 | 2016-31500534 | |
| 31-12-2014 | abbreviated format | 06-07-2015 | 2015-28100227 | |
| 31-12-2013 | abbreviated format | 15-07-2014 | 2014-30800339 | |
| 31-12-2012 | abbreviated format | 17-07-2013 | 2013-31300003 | |
| 31-12-2011 | abbreviated format | 10-07-2012 | 2012-28800569 | |
| 31-12-2010 | abbreviated format | 28-06-2011 | 2011-21600085 |
Subsidies and aid
Flemish government 2022 to 2025, 2 entries, €2,298 awarded, €2,298 paid
| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2025 | 1 | €2,070 | €2,070 |
| 2022 | 1 | €228 | €228 |
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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| EBITDA | 387,977 | 283,979 | 1.3m | 1.1m | 1.2m | 956,467 | 1.0m | 1.6m | 1.2m | 1.2m | 1.2m | 1.1m | 885,401 | -34,601 | -58,030 | - | |
| Cash flow | 178,416 | 99,855 | 942,160 | 923,044 | 1.0m | 785,309 | 823,313 | 1.2m | 841,385 | 836,159 | 813,722 | 725,449 | 650,455 | -19,169 | -53,762 | - | |
| Investment in fixed assets (approximation) | 15,562 | 25,148 | 17,981 | 82,618 | 17,934 | 3,116 | 108,446 | 197,913 | 0 | 0 | 19,774 | 0 | 1 | 48,459 | 4,050 | - | |
| Change in cash | -10,769 | -81,939 | -3,830 | -2.8m | 259,190 | 1.5m | -672,303 | -129,140 | 278,955 | -145,003 | -900,575 | 2.3m | -8,148 | 364,608 | 80,540 | - | |
| Working capital | 5.2m | 4.9m | 4.9m | 5.1m | 5.2m | 6.7m | 5.9m | 4.0m | 4.0m | 3.2m | 2.4m | 1.6m | 829,533 | 179,092 | 246,720 | 304,532 | |
| EBIT margin | 4.1% | 3.5% | 11.4% | 12.2% | 13.0% | 10.3% | 9.6% | 14.8% | 13.1% | 15.1% | 13.6% | 20.0% | 20.5% | -1.0% | - | - | |
| Solvency | 30.1% | 34.4% | 38.3% | 45.4% | 36.3% | 48.4% | 48.9% | 42.0% | 32.9% | 28.3% | 24.6% | 20.9% | 18.8% | 5.4% | 18.8% | 49.1% | |
| Current ratio | 1.70 | 1.88 | 2.12 | 3.17 | 2.39 | 4.12 | 3.01 | 1.70 | 1.49 | 1.39 | 1.33 | 1.26 | 1.23 | 1.05 | 1.23 | 1.96 | |
| Quick ratio | 0.04 | 0.10 | 0.34 | 0.27 | 1.33 | 2.06 | 0.79 | 0.56 | 0.26 | 0.27 | 0.29 | 0.52 | 0.57 | 0.13 | 0.60 | 1.96 | |
| Debt to equity | 2.32 | 1.91 | 1.61 | 1.20 | 1.76 | 1.07 | 1.05 | 1.38 | 2.04 | 2.53 | 3.07 | 3.79 | 4.33 | 17.42 | 4.33 | 1.04 | |
| ROE | 3.6% | 1.8% | 25.4% | 25.4% | 29.8% | 17.1% | 17.6% | 26.8% | 20.8% | 26.1% | 34.3% | 45.6% | 74.8% | -17.2% | -22.1% | 1.5% | |
| ROA | 1.1% | 0.6% | 9.7% | 11.5% | 10.8% | 8.3% | 8.6% | 11.3% | 6.8% | 7.4% | 8.4% | 9.5% | 14.0% | -0.9% | -4.1% | 0.7% | |
| Interest coverage | 1.76 | 1.57 | 23.44 | 35.69 | 35.37 | - | - | - | - | - | - | - | - | - | - | - | |
| Customer credit | 5 days | 19 days | 17 days | 10 days | 6 days | 3 days | 5 days | 9 days | 4 days | 21 days | 9 days | 20 days | 9 days | 1 day | - | - | |
| Supplier credit | 45 days | 64 days | 66 days | 58 days | 68 days | 54 days | 90 days | 113 days | 76 days | 93 days | 110 days | 159 days | 219 days | - | - | - |
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 |
|---|---|---|---|---|
| Employees at the balance-sheet date | 3 | 3 | 4 | 6 |
| full-time | 2 | 2 | 3 | 3 |
| part-time | 1 | 1 | 1 | 3 |
| in full-time equivalents | 2.8 | 2.8 | 3.8 | 5.5 |
| Average over the year, in full-time equivalents | 2.8 | 3.1 | 4.9 | 5.6 |
| On a permanent contract | 3 | 3 | 4 | 6 |
| Joined | - | 0 | 1 | 8 |
| Left | - | 1 | 3 | 2 |
| Agency workers, average number | 0.1 | 0 | 1 | 1 |
| Training hours | 80 | 15 | 40 | 24 |
Source: social balance sheet in the 2022 to 2025 annual accounts
Securities and guarantees
on own assets and for others| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Mortgages, amount registered | €25,000 | €25,000 | €25,000 | - | - |
| Mortgage mandates | €20.8m | €9.2m | €9.2m | - | - |
| Carrying value of the mortgaged assets | €13.6m | €12.7m | €10.7m | - | - |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Tangible fixed assets | €15,562 | €25,148 | €17,981 | €82,618 | €17,934 |
| Depreciation and write-downs of the year | €40,365 | €34,435 | €30,704 | €39,203 | €28,431 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Auditor
fees| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Fee for the audit | €6,750 | €6,639 | €6,518 | €6,400 | - |
Source: notes to the 2021 to 2025 annual accounts (relations with the auditor)
Insights on Chapter George Develops
The operating result for 2025 is 39% higher than in 2024. It is a recovery after the fall in 2024.
Debt's share of the balance-sheet total rises from 65.6% to 69.9%. Equity and debt are higher.
Board & ownership
Board
2 directors, 2 in day-to-day management, 1 auditor, last change in April 2026Deed of 03-04-20261 statutory auditor appointedVRC BEDRIJFSREVISOREN (statutory auditor) · Permanent representatives: Stephanie Valcke and Stefanie Vanden Broucke
D.S.R.T. NV
Director (not named in the articles), permanent representative Stadsbader Désiré Fernand
since 02-09-2021
term without a fixed end
also on the board of 6 other companies
listed in the 2025 annual accounts, filed on 03-06-2026
ULNATE BV
Director (not named in the articles) and managing director, permanent representative Vanden Broucke Stefanie
director (not named in the articles) since 02-09-2021
managing director appointed by deed of 07-10-2021
term without a fixed end
also on the board of 1 other company
listed in the 2025 annual accounts, filed on 03-06-2026
Indel Invest BV
Managing director, permanent representative Valcke Stephanie
appointed by deed of 07-10-2021
earlier statutory director, until 07-10-2021
also on the board of 19 other companies
VRC BEDRIJFSREVISOREN
Statutory auditor
current term since 14-07-2025
term until 05-05-2028
listed in the 2025 annual accounts, filed on 03-06-2026
- Day-to-day management
- Indel Invest, ULNATE
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- “ACHTSTE BESLISSING De vergadering beslist de externe vertegenwoordigingsbevoegdheid van de vennootschap te wijzigen in deze zin dat de…”“Artikel 14. Externe vertegenwoordiging van de vennootschap 1. Onverminderd de algemene vertegenwoordigingsbevoegdheid van het college van…”deed of 07-10-2021
Full text
Artikel 14. Externe vertegenwoordiging van de vennootschap 1. Onverminderd de algemene vertegenwoordigingsbevoegdheid van het college van bestuurders als college, wordt de vennootschap, zowel in als buiten rechte, ten overstaan van derden bij alle rechtshandelingen, overeenkomsten en akten geldig vertegenwoordigd door minstens twee bestuurders gezamenlijk handelend, waarvan minstens één A-bestuurder en minstens één Bbestuurder. 2. Voor handelingen van dagelijks bestuur wordt de vennootschap rechtsgeldig vertegenwoordigd door elk van de personen belast met het dagelijks bestuur, afzonderlijk handelend, en die ten aanzien van derden geen bewijs van een voorafgaand besluit van welk orgaan van de vennootschap ook moeten leveren. Voor het uitvoeren van betalingen is steeds de handtekening van elk van de personen belast met het dagelijks bestuur vereist. 3. Het bestuursorgaan mag bijzondere volmachten verlenen aan één of meer personen. De vennootschap wordt geldig vertegenwoordigd door deze bijzondere volmachtdragers binnen de grenzen van hun volmacht. 4. Wanneer de vennootschap optreedt als bestuurder van andere vennootschappen, wordt de vennootschap enkel rechtsgeldig vertegenwoordigd door de vaste vertegenwoordiger die alleen handelt.
Permanent representatives 3
Valcke Stephanie
Permanent representative, for Indel Invest
appointed by deed of 07-10-2021
also on the board of 2 other companies
Mandates through the years
7 names, the dashed line is todayD.S.R.T.
Director (not named in the articles)
Director (not named in the articles)
ULNATE
Director (not named in the articles), Managing director
Director (not named in the articles), Managing director
Indel Invest
Managing director
Managing director
VRC BEDRIJFSREVISOREN
Statutory auditor
Statutory auditor
Bouw Georges Tanghe
Director (not named in the articles)
Director (not named in the articles)
Stephanie Valcke
Director (not named in the articles)
Director (not named in the articles)
Tanghe, Rita
Director (not named in the articles)
Director (not named in the articles)
LeadershipBoardStatutory auditorEarliermandate already running before its first mentionend not dated
Mandates as a list
- D.S.R.T.
- Director (not named in the articles), from 02-09-2021 to date
- ULNATE
- Director (not named in the articles), from 02-09-2021 to date
- Managing director, appointed by deed of 07-10-2021, still in office
- Indel Invest
- Statutory director, from 02-09-2021 to 07-10-2021
- Managing director, appointed by deed of 07-10-2021, still in office
- VRC BEDRIJFSREVISOREN
- Statutory auditor, from 16-12-2022 to date
- Bouw Georges Tanghe
- Director (not named in the articles), until 07-10-2021
- Stephanie Valcke
- Director (not named in the articles), appointed by deed of 07-10-2021, no longer listed in the 2025 annual accounts
- Tanghe, Rita
- Director (not named in the articles), until 13-07-2021
Control
Parent
Equity €14.6m
Loss €1,882 in 2025 (profit €1.2m in 2024)
Checked score 82
Source: accounts Chapter George 2025
100%
This company
Chapter George Develops
Equity €3.8m
Profit €138,050 in 2025
Further up the chainIndel Invest 90%
Capital
- Contribution
- €300,000
- Shares
- 100
- Contribution per share
- €3,000
- Equity per share
- €37,948 in 2025
- Source
- 2025 annual accounts
Owners through the years
as the annual accounts name themOwners as a list
- Chapter George
- Indel Invest
Source: lists of holdings in the owners' accounts
Articles of association
deed of 07-10-2021 (in Dutch)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- 3 directors
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- First Friday of May at 12:00
Network & group
Group
Chapter George has 13 holdings in 2 countries (2025 accounts)Belgium 11 Year Equity Result
- BE Chapter George Develops bv 2025€3.8m result €138,050 (2025)
- BE MIIX Holding bv17.8% 2025€20.7m result €126,262 (2025)
- BE Civitas nv10% 2025€3.5m result €44,706 (2025)
- BE MIIX nv18% 2025€2.5m result -€50,671 (2025)
- BE Gr-ONT bv25.07% 2025€2.2m result -€63,339 (2025)
- BE ROC Vastgoed nv25% 2025€1.3m result €109,142 (2025)
- BE Jagershof nv10% 2025€1.1m result €39,321 (2025)
- BE Vastgoed Invest nv25% 2025€491,031 result -€66,623 (2025)
- BE Civitas Projects nv10% 2025€456,842 result -€3,909 (2025)
- BE Chapter George Properties nv 2025€332,370 result -€67,351 (2025)
- BE Infra-Struct bv25% 2025€203,417 result -€59,217 (2025)
Europe 2 Year Equity Result
- PT Tributo Boémio Lda.25% 2024€329,102 result €247,010 (2024)
- PT Proximity Ocean Lda.50% 2024€73,275 result -€5,337 (2024)
Source: list of holdings in the 2025 accounts of Chapter George. Holdings that file themselves stand with their latest accounts, the others with the amounts of that list, in their own currency.
Part of the group Indel Invest Group, risk and exposureAt the same address
Harpstraat 5, 8530 Harelbeke · 10 other companies| Indel Invest
registered office since 04-12-2009 · founded in 2009 |
total assets €53.6m (2025) 0821.164.782 |
| Chapter George
registered office since 12-07-2021 · founded in 2021 · group Indel Invest |
turnover €249,774 (2025) 0771.299.953 |
| Gr-Ont
registered office since 16-06-2016 · founded in 2016 |
total assets €9.3m (2025) 0656.723.553 |
| Chapter George Properties
registered office since 29-10-2022 · founded in 2022 · group Indel Invest |
total assets €2.9m (2025) 0793.149.697 |
| ROC VASTGOED
registered office since 17-01-2013 · founded in 2013 |
total assets €1.7m (2025) 0502.851.364 |
| JAGERSHOF
registered office since 30-06-2014 · founded in 2014 |
total assets €1.1m (2025) 0558.982.294 |
| SOEVEREIN
establishment since 26-01-2021 · founded in 2021 · accounts filed late |
total assets €1.1m (2023) 0762.521.354 |
| Infra-Struct
registered office since 01-12-2016 · founded in 2016 |
total assets €224,220 (2025) 0666.878.265 |
| Alphaconsult
registered office since 30-11-2023 |
founded in 2023 1002.862.808 |
| DEELvereniging van mede-eigenaars, Stad Harelbeke, Harpstraat 5 "Residentie Bistierland 1 Blok C"
registered office since 26-06-2018 |
founded in 2018 0641.991.332 |
Earlier ties
| Bouw Georges Tanghe via Stephanie Valcke, no longer at Bouw Georges Tanghe · Director · deed of 01-12-2022 founded in 1968 |
total assets €13.8m (2025) |
| GROEPINVEST via D.S.R.T., no longer at GROEPINVEST · Director · deed of 04-07-2023 No longer active |
total assets €20.9m (2024) |
Connections & network
24 connected companiesThis company
Company
Director
Shareholding
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Click a node to look further, drag to arrange, zoom with the mouse wheel.
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STADION
via D.S.R.T. · Director · deed of 15-07-2021
No longer active · founded in 2020 · total assets €227,059 (2025)
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Timeline
Timeline
38 events since 2009Board
Filings
Financial
Permits
Establishments
Other
201020122014201620182020202220242026
Deadline for the 2026 accounts: 31-07-2027
2026
Registered in the Peppol Directory Reachable for e-invoices through 0208:0819836872
Environmental permit granted OmgevingsloketVerbouwen 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 OmgevingsloketBouwen of herbouwen, Nieuwbouw van bijgebouwen en niet overdekte lage constructie · Ingelmunster
Annual accounts 2025 filed PDFfull format · 58 days before the deadline
1 statutory auditor appointedVRC BEDRIJFSREVISOREN (statutory auditor) · Permanent representatives: Stephanie Valcke and Stefanie Vanden Broucke3 points ▸
- Auditor appointment, VRC BEDRIJFSREVISOREN
- Permanent representative, Stephanie Valcke
- Permanent representative, Stefanie Vanden Broucke
Environmental permit granted OmgevingsloketSlopen van niet vrijstaande gebouwen of constructies · Kuurne
2025
Environmental permit granted OmgevingsloketVerbouwen en/of uitbreiden zonder functiewijziging en zonder wijziging van aantal woongelegenheden · Wortegem-Petegem
Permanent representatives: Rita Tanghe and Stadsbader DésiréBoard meeting of 14-11-20233 points ▸
- Board meeting, 14-11-2023
- Permanent representative, Rita Tanghe
- Permanent representative, Stadsbader Désiré
- The deed holds 1 more point.
Annual accounts 2024 filed PDFfull format · 10 days before the deadline
Environmental permit granted OmgevingsloketBouwen of herbouwen · Oostende
2024
1 statutory auditor appointedVRC BEDRIJFSREVISOREN (statutory auditor) · Permanent representatives: Stephanie Valcke and Stefanie Vanden Broucke · General meeting of 16-12-20224 points ▸
- General meeting, 16-12-2022
- Auditor appointment, VRC BEDRIJFSREVISOREN (statutory auditor)
- Permanent representative, Stephanie Valcke
- Permanent representative, Stefanie Vanden Broucke
- The deed holds 1 more point.
Annual accounts 2023 filed PDFfull format · 16 days before the deadline
Environmental permit granted OmgevingsloketBouwen of herbouwen · Harelbeke
Environmental permit refused OmgevingsloketNieuwe publiciteitsinrichting (met inbegrip van vernieuwen van een bestaande vergunning) · Waregem
Environmental permit granted OmgevingsloketBouwen of herbouwen, Nieuwbouw van bijgebouwen en niet overdekte lage constructie · Harelbeke
2023
Annual accounts 2022 filed PDFfull format · 23 days late
2022
Annual accounts 2021 filed PDFabbreviated format · 40 days late
2021
Company renamed from Bistierland to Chapter George DevelopsGeneral meeting of 14-12-20212 points ▸
- General meeting, 14-12-2021
- Name change, Chapter George Develops
3 directors appointed, 2 resignationsPermanent representatives: Valcke Stephanie, Tanghe Rita, Stadsbader Désiré Fernand and Vanden Broucke Stefanie · Change of role: Indel Invest, from statutory director to managing director · Resignations: Tanghe Rita (director) and Bouw George Tanghe (director) · General meeting of 02-09-202116 points ▸
- General meeting, 02-09-2021
- Board composition, Indel Invest (statutory director)
- Permanent representative, Valcke Stephanie, mentioned twice in the deed
- Board composition, Bouw George Tanghe (director (not named in the articles))
- Permanent representative, Tanghe Rita
- Director resignation, Tanghe Rita (director (not named in the articles)), mentioned twice in the deed
- Director resignation, Indel Invest (statutory director)
- Director resignation, Bouw George Tanghe (director (not named in the articles))
- Director appointment, Valcke Stephanie (director (not named in the articles))
- Director appointment, D.S.R.T. (director (not named in the articles))
- Permanent representative, Stadsbader Désiré Fernand
- Director appointment, ULNATE (director (not named in the articles))
- Permanent representative, Vanden Broucke Stefanie, mentioned twice in the deed
- Registered office clause, 8530 Harelbeke Harpstraat 5/1
- Director appointment, Indel Invest (managing director)
- Director appointment, ULNATE (managing director)
- The deed holds 7 more points.
Annual accounts 2020 filed PDFabbreviated format · 22 days before the deadline
2020
Annual accounts 2019 filed PDFabbreviated format · 23 days before the deadline
2019
Annual accounts 2018 filed PDFabbreviated format · 22 days before the deadline
2018
Highest result from 2010 to 2025 net €1.1m ▲32.7% The operating result of €1.5m and the net result of €1.1m are both a record.
Annual accounts 2017 filed PDFabbreviated format · 13 days before the deadline
2017
Annual accounts 2016 filed PDFabbreviated format · 21 days before the deadline
2016
Annual accounts 2015 filed PDFabbreviated format · 19 days before the deadline
2015
Equity above €2m equity €2.4m ▲52.3% After 3 profitable years in a row, equity reaches €2.4m.
Annual accounts 2014 filed PDFabbreviated format · 25 days before the deadline
2014
Equity above €1m equity €1.6m ▲83.9% After 2 profitable years in a row, equity reaches €1.6m.
Annual accounts 2013 filed PDFabbreviated format · 16 days before the deadline
2013
Back to profit net €632,953 The net result is €632,953, after 2 loss-making years.
Equity above €500,000 equity €845,688 ▲298% Equity rises from €212,736 to €845,688.
Annual accounts 2012 filed PDFabbreviated format · 14 days before the deadline
2012
Annual accounts 2011 filed PDFabbreviated format · 21 days before the deadline
2011
Weakest financial year net -€55,112 The net result drops to -€55,112, the lowest from 2010 to 2025. It recovers the following year.
Annual accounts 2010 filed PDFabbreviated format · 33 days before the deadline
Financial milestones sit on the financial year-end date, not the filing date.
All 72 environmental permit applications
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Identity
- Enterprise number
- 0819.836.872
- VAT number
- BE 0819.836.872
- Peppol ID
- 0208:0819836872
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 07-10-2009
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- First Friday of May at 12:00deed of 07-10-2021 (in Dutch)
- Peppol
- Reachable since 21-10-2026Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- Chapter George Develops in Dutch
- Former name
- Bistierland until the deed of 22-12-2021
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 07-10-2021 (in Dutch)
- Name clauseThe company operates under this name according to its articles.
- Chapter George Developsdeed of 22-12-2021 (in Dutch)
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Vlaams Gewest”deed of 07-10-2021 (in Dutch)
Activities
NACEBEL 2025VAT activities
71121
Engineering and related technical consultancy, excluding land surveyors main activity
68121
Development of residential building projects
68201
Renting and operating of own or leased residential real estate, excluding social housing
68310
Real estate agency activities
68321
Property management for co-owned buildings (syndics)
71111
Activities of building architects
Social security (RSZ) activities
68121
Development of residential building projects main activity
Joint committees annual accounts 2025
JC 200
Auxiliary committee for white-collar workers
Codes under NACEBEL 2008
VAT activities
71121
Engineering activities main activity
41101
Real estate development
68201
Real estate activities
68311
Real estate activities
68321
Real estate activities
71111
Architectural and engineering activities; technical testing and analysis
Social security (RSZ) activities
41101
Real estate development main activity
- PurposeThe purpose describes the activities the company may carry out under its articles.
- “De onroerende promotie in de ruimste zin van het woord, begrijpende onder meer het ontwerpen, programmeren, organiseren, laten uitvoeren en…”deed of 07-10-2021 (in Dutch)
10 activities
- De onroerende promotie in de ruimste zin van het woord, begrijpende onder meer het ontwerpen, programmeren, organiseren, laten uitvoeren en coördineren van alle onroerende bouwwerken en van bijhorende als aanverwante verrichtingen, de promotie van gebouwen bij middel van aankoop, verkoop, ruiling, oprichting, verhuring, uitbating en beheer van onroerende goederen, evenals van alle immobiliën-operaties die hiermede verband houden;
- Het beheer van een onroerend vermogen, alsmede alle handelingen die rechtstreeks of onrechtstreeks met dit voorwerp in verband staan en die van aard zijn de opbrengst van haar onroerende goederen te bevorderen, zoals het onderhoud, de ontwikkeling, het ombouwen en het huren en verhuren van deze goederen, de aan- en verkoop ervan, het valoriseren, het maken, verkavelen, in leasing geven en nemen, uitrusten, verwerven en vervreemden van alle onroerende goederen, gebouwde en onbebouwde; het optreden als immobiliënagent;
- In leasing geven van octrooien, brevetten en fabricatiemethoden in verband met het bouwbedrijf;
- Het beheer, aan- en verkopen, alsook het huren en verhuren van roerende goederen, rollend en vast materieel van machines en outillage, rechtstreeks of onrechtstreeks bestemd voor de bouwbedrijvigheid;
- De binnenhuisinrichting ontwerpen, coördineren en laten uitvoeren, alsook de handel, nijverheid en vertegenwoordiging betreffende meubels, mobilairen uitrusting die in verband staat met de binnenhuisinrichting;
- Het aannemen, zo privaat als openbaar, zo voor eigen rekening als voor rekening van derden, zo geheel als gedeeltelijk, hetzij rechtstreeks hetzij als tussenpersoon, van bouwwerken in het algemeen, metsel- en betonwerken, ruwbouw en onder dak zetten, alsmede het aannemen of onderaannemen van algemene bouwwerkzaamheden, slopings-, funderings- en grondwerken, het plaatsen van afsluitingen en het aanleggen van terreinen, voegwerken, draineringswerken, onderaannemen en uitvoeren van alle werken behorende tot het bouwbedrijf, zowel rechtstreeks als onrechtstreeks, de fabricatie, de constructie en het plaatsen van geprefabriceerde constructies in de ruimste zin van het woord alsook van de onderdelen en de elementen daarvan;
- Het aan- en verkopen van bouwmaterialen en het uitvoeren van afbraakwerken, dit alles alleen of in participatie, voor eigen rekening of voor rekening van derden;
- Het verlenen van adviezen en diensten aan ondernemingen;
- Het verstrekken van leningen en voorschotten onder eender welke vorm en voor elke duur aan alle verbonden ondernemingen of ondernemingen waarmee een participatieverhouding bestaat, evenals het verlenen van aval voor diezelfde ondernemingen;
- Het waarnemen van mandaten als bestuurder of vereffenaar van vennootschappen, al dan niet verbonden ondernemingen of waarmee een participatieverhouding bestaat.
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Harpstraat 5 registered office 8530 Harelbeke 4100106 General construction of residential buildings | 07-10-2009 | 2.183.237.594 |
Buildings and parcels at the address
- Ground area
- 3,408 m²
- Buildings
- 1,235 m²
- Volume, LiDAR
- 3 m³
- Tallest building
- 0.5 m
Buildings to scale, each on its own parcel
Environmental permits
72 applications in Flanders since 2018 · 64 granted · 1 refused · 1 under review · 1 under appeal| 28-08-2026 | Under review | Verwijderen van vrijstaande gebouwen Subdivision · project 2026100321 | Provincie West-Vlaanderen |
| 25-06-2026 | Granted | Verbouwen en/of uitbreiden van bijgebouwen en niet overdekte lage constructies; Verbouwen en/of uitbreiden zonder functiewijziging en zonder wijziging van aantal woongelegenheden submitted 08-06-2026 · project 2026067354 | Anzegem |
| 15-06-2026 | Granted | Bouwen of herbouwen; Nieuwbouw van bijgebouwen en niet overdekte lage constructie submitted 02-03-2026 · project 2026022924 | Ingelmunster |
| 14-03-2026 | Under appeal | Slopen van niet vrijstaande gebouwen of constructies Subdivision · project 2026032970 | Provincie West-Vlaanderen |
| 03-03-2026 | Granted | Slopen van niet vrijstaande gebouwen of constructies submitted 24-10-2025 · Subdivision · project 2025127604 | Kuurne |
| 23-09-2025 | Granted | Verbouwen en/of uitbreiden zonder functiewijziging en zonder wijziging van aantal woongelegenheden submitted 18-07-2025 · project 2025045101 | Wortegem-Petegem |
| 03-03-2025 | Granted | Bouwen of herbouwen submitted 19-12-2024 · project 2024166717 | Oostende |
| 18-06-2024 | Granted | Bouwen of herbouwen submitted 29-05-2024 · project 2024070284 | Harelbeke |
| 10-04-2024 | Refused | Nieuwe publiciteitsinrichting (met inbegrip van vernieuwen van een bestaande vergunning) submitted 04-01-2024 · project 2023162471 | Waregem |
| 02-04-2024 | Granted | Bouwen of herbouwen; Nieuwbouw van bijgebouwen en niet overdekte lage constructie submitted 24-01-2024 · project 2024009465 | Harelbeke |
The 10 most recent of 72 applications.
Source: Omgevingsloket Vlaanderen.
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 34323D1459/00F003 | 3,408 m² | 1 · 1,235 m² | 0.5 m |
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0819.836.872