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D.C. Developments

Active Private limited companyfounded 2011active for 15 yearsWaterlelielaan 1, 9032 GhentKBO/BCE: BE 0837.413.965 subsidiary of Het Vroonhof
D.C. Developments
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Overview

Lifetime

14 annual accounts with figures on one time axis
Gross marginpeak €107,754 (2020)
-€23,386▲ €129,277
Resultlowest -€96,553 (2024)
-€36,402▲ €60,151
Equitypeak €31,772 (2020)
-€169,169▼ €36,402
Debts
€1.5m▲ 3.2%
Staffpeak 0.3 FTE (2012)
-not published
Board3 names since 2023
1 directorD.C. BEHEER NV
Owners3 names in the annual accounts
consolidatesHet Vroonhof
Documentsfilings and deeds
26-10-202687 days late
2025abbreviated format
Gross margin from -€152,663 to -€23,386Loss of €36,402Equity from -€132,767 to -€169,169Cash from €98,862 to €4,936

Key points

from the 2025 annual accounts

Equity

-€169,169
202020212022202320242025

Debts exceed assets in financial year 2025.

Losses

-€200,941 in five years
-11,2252021-39,3262022-17,4352023-96,5532024-36,4022025

Every financial year from 2021 to 2025 closed with a loss. 2024 was the heaviest.

Debts

€1.5m 113% of the balance sheet
Financial debts 54%Suppliers 11%Other 35%

€665,000 of the debts are secured on the company's own assets. In 2021 that was €975,000.

Filings

14 annual accounts 87 days
AprilJune31 JulyOctober201520202025

Latest accounts filed late: after the legal deadline.

At the same address

59 companies
  • Velba Real Estate seat since 17-10-2025
  • Urbis Vastgoedgroep seat since 02-05-2025
  • Huis Bekaert seat since 25-02-2025

Position in the sector

-€169,169

Less equity than 92% of companies in real estate. Sector median €300,933 · 11,293 companies.

Turnover not published (abbreviated format)

Checked score

53
Fair
Financially stronger than 15% of micro companies in real estate (NACE 68)
Probability in this band: 1.5% to 4.2%

Negative equity caps the score at 59.

Bankruptcy probability within 12 months
1.1% Low
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 0.2% across 26,627 companies (NACE 68, micro).

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

Last 24 months 12-2024: 0.5%lowest value 01-2025: 0.5%● unchanged vs 12-2024 02-2025: 0.5%● unchanged vs 01-2025 03-2025: 0.5%● unchanged vs 02-2025 04-2025: 0.5%● unchanged vs 03-2025 05-2025: 0.6%▲ +0.1 percentage points vs 04-2025 06-2025: 0.7%▲ +0.1 percentage points vs 05-2025 07-2025: 0.7%● unchanged vs 06-2025 08-2025: 0.9%▲ +0.2 percentage points vs 07-2025 09-2025: 1.0%▲ +0.1 percentage points vs 08-2025 10-2025: 1.1%▲ +0.1 percentage points vs 09-2025 11-2025: 1.3%▲ +0.2 percentage points vs 10-2025 12-2025: 1.3%● unchanged vs 11-2025 01-2026: 1.3%● unchanged vs 12-2025 02-2026: 1.4%▲ +0.1 percentage points vs 01-2026 03-2026: 1.4%● unchanged vs 02-2026 04-2026: 1.3%▼ -0.1 percentage points vs 03-2026 05-2026: 1.3%● unchanged vs 04-2026 06-2026: 1.3%● unchanged vs 05-2026 07-2026: 1.4%▲ +0.1 percentage points vs 06-2026 08-2026: 1.8%▲ +0.4 percentage points vs 07-2026 09-2026: 1.9%▲ +0.1 percentage points vs 08-2026highest value 10-2026: 1.1%▼ -0.8 percentage points vs 09-2026 11-2026: 1.1%● unchanged vs 10-2026

Financial strength
Weak

Solvency
12-3equity -13.1% of total assets
Liquidity
0-10short-term debt 101.8% · cash 0.4%
Profitability
30+11return on assets -2.8%

Score breakdown

raises risk
Capped at 59: negative equity
Last filed accounts filed 87 days late; 3 of the last 3 accounts late
Negative equity -€169,169
Liquidity: current ratio 0.98, cash €4,936, halved
lowers risk
Size: total assets €1.3m
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 68, micro). It does better than 12% of them on solvency, 3% on liquidity, 26% on profitability and 18% 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 low class on 30-06-2025, 0.8% 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, 1,216 companies had the same profile as D.C. Developments has now. Each dot stands for 4 companies, two years later.

95.7%
were still trading
2.6%
stopped another way
1.1%
went bankrupt
  • Small
  • 10 to 20 years old
  • negative equity
  • a small loss

Another 0.6% stopped without a precise date, possibly only after those two years.

That fits the bankruptcy probability of D.C. Developments itself: 1.1% within 12 months.

Test of the method

The method was tested on the 497,446 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 1,216 companies, not a prediction for D.C. Developments. 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

No credit on open account

Liquidity is insufficient, with a current ratio of 0.98 (1.01 in 2024), below 1. Short-term debt is 101.8% and cash 0.4% of total assets. Equity is negative.

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

Six signals.
lowers riskraises risk
lowers risk · Size: total assets €1.3m
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
raises risk · Last filed accounts filed 87 days late; 3 of the last 3 accounts late
NBB · filings
raises risk · Negative equity -€169,169
NBB · annual accounts
raises risk · Liquidity: current ratio 0.98, cash €4,936, halved
NBB · annual accounts
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
1819202122232425
2018 to 2025 · latest year -€169,169
raises risk · 2025 accounts filed 87 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-10-2026, 87 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filings
Deviation from the deadline
2025
87 days late
2024
81 days late
2023
68 days late
2022
70 days late
2021
78 days late
2020
81 days late
2019
68 days late
← 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 76 days after the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% 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 17 October (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
06-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

DC
D.C. BEHEER NV
Director, since 22-09-2025
  • Het Vroonhof 100%equity €6.8m (2024) · 2024 annual accounts of Het Vroonhof
  • HET VROONHOF BV consolidatesannual accounts 2025
  • D.C. BEHEER 50%score 68equity €362,057 (2025) · annual accounts 2018
Board & ownership

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:0837413965
Environmental permit refused Nieuwbouw of aanleggen · Oosterzele
Environmental permit refused Aanleg van nieuwe verkeersweg · Herzele
Environmental permit granted Bouwen of herbouwen, Nieuwbouw van bijgebouwen en niet overdekte lage constructie, Slopen van niet vrijstaande gebouwen of constructies · Beveren-Kruibeke-Zwijndrecht
All 28 events

Comparable companies

same main activity, similar in size and age
Company Total assets Gross margin Solvency Staff
D.C. Developments Ghent €1.3m -€23,386 -13.1% -
GEMEXMA Sint-Gillis-Waas €1.5m -€14,671 18.1% -
Huishandel Ghent €1.6m -€6,836 -4.1% -
DB VASTGOED PROJECTS Bierbeek €1.4m -€25,843 12.1% -
TRADEMAT Putte €1.3m -€1,045 38.8% 0
MATEMMA HOLDING Lierneux €1.4m -€12,949 81.2% -
E.M.H. HOLDINGS Antwerp €1.4m -€478,468 -4.1% 4

These companies have the same main activity as D.C. Developments: buying and selling of own real estate (NACE 68110). They are comparable in size and age: total assets between €1.3m and €1.6m, founded between 2009 and 2012.

Official details

Source: KBO
Status
Active since 30-06-2011Normal situation
Registered office
60 active companies are registered at this addressSource: KBO register, as of 6 November 2026.
Activity
Buying and selling of own real estateNACE 68110
Establishment unit
2.208.069.2979000 Ghent, since 12-07-2011
Financial year end
31 December
Peppol
Reachable since 06-01-2026
Company details

Annual accounts 2025

Gross margin
-€23,386▲ 84.7%
Loss
€36,402▼ 62.3%
Equity
-€169,169▼ 27.4%
Total assets
€1.3m▲ 0.7%
Filing
Filed on 26-10-2026
Financials

Insights on D.C. Developments

D.C. Developments files the abbreviated format. That format states no turnover. The gross margin fell from €68,142 in 2012 to -€23,386 in 2025.

Het Vroonhof holds all the shares.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2025

abbreviated format, filed on 26-10-2026, 87 days late
Gross margin
-€23,386
▲ €129,277
Operating result
-€24,528
▲ €47,612
Loss
-€36,402
▲ €60,151
Working capital
-€23,189
▼ €31,736
Solvency
-13.1%
▼ 2.7 percentage points
Current ratio
0.98
▼ 0.02

Turnover and EBIT margin are not published. The abbreviated format does not require them.

Balance sheet

balance sheet total €1.3m on 31-12-2025
What the company ownsHow it is paid for

Change in equityin euro

Change in cashin euro

Position in the sector

Compare with sector

Solvency-13.1%

Higher than 10% of 11,288 companies in 2025.

Current ratio0.98

Higher than 43% of 10,839 companies in 2025.

Return on assets-2.8%

Higher than 20% of 11,173 companies in 2025.

D.C. Developments Middle half of the sector 80% of the sector Abbreviated accounts in real estate (NACE 68)

Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: middle half · Working capital: middle half

Staff

Staff cost per FTE

Staff costs divided by the average number of full-time equivalents.

Joined and left

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend20252024202320222021202020192018201720162015201420132012
Balance sheet: assets
Total assets20/58 1.3m1.3m2.2m2.1m1.4m596,701629,08372,14414,92059,16575,36373,881119,40377,743
Fixed assets21/28 ----------16,47715,34619,6533,576
Tangible fixed assets22/27 ----------16,47715,34619,6533,576
Land and buildings22 ----------12,82212,08315,8822,794
Plant, machinery and equipment23 ----------3,6553,2633,592424
Furniture and vehicles24 ------------179358
Current assets29/58 1.3m1.3m2.2m2.1m1.4m596,701629,08372,14414,92059,16558,88658,53599,75074,167
Stocks and contracts in progress3 1.3m1.1m1.9m1.9m1.1m425,208615,04233,894--1,4671,2803,6254,125
Stocks30/36 1.3m1.1m1.6m1.3m1.1m425,208615,04233,894--1,4671,280-4,125
Contracts in progress37 --308,991580,706--------3,625-
Amounts receivable within one year40/41 24,09290,393116,619127,658221,428170,36912,59516,83814,01356,90254,48254,28296,1254,176
Trade receivables40 22,37560,77216,271102,24712,04842,162-162-78560192,653-
Other amounts receivable41 1,71829,621100,34825,412209,379128,20712,59516,67714,01356,82453,92254,26393,4724,176
Cash at bank and in hand54/58 4,93698,862166,0654749,8779731,34521,2619072,2632,9372,973--
Deferred charges and accrued income490/1 62197948,28212,96215,873151100151-----65,866
Balance sheet: equity and liabilities
Total equity and liabilities10/49 1.3m1.3m2.2m2.1m1.4m596,701629,08372,14414,92059,16575,36373,881119,40377,743
Equity10/15 -169,169-132,767-36,214-18,77920,54731,77228,68120,09914,92020,85421,01221,04819,17913,680
Contributions10/11 18,60018,60018,60018,60018,60018,60018,60018,6006,2006,2006,2006,2006,2006,200
Issued capital100 ------18,60018,60018,60018,60018,60018,60018,60018,600
Uncalled capital101 --------12,40012,40012,40012,40012,40012,400
Reserves13 12,97912,97912,97912,97912,97912,97912,97912,97912,97812,9797,4801,8601,8601,860
Non-distributable reserves130/1 12,97912,97912,97912,97912,97912,97911,11911,119------
Legal reserve130 ------1,8601,8601,8601,8601,8601,8601,8601,860
Reserves not available under the articles1311 ---1,8601,8601,860--------
Other1319 12,97912,97912,97911,11911,11911,11911,11911,119------
Distributable reserves133 --------11,11811,1195,620---
Profit (loss) carried forward14 -200,748-164,346-67,793-50,358-11,032193-2,897-11,480-4,2581,6757,33212,98811,1195,620
Provisions and deferred taxes16 --85,62636,30042,876100,000--------
Provisions for liabilities and charges160/5 --85,62636,30042,876100,000--------
Other liabilities and charges164/5 --85,62636,30042,876100,000--------
Amounts payable17/49 1.5m1.4m2.1m2.0m1.3m464,929600,40252,045-38,31154,35152,833100,22464,063
Amounts payable after more than one year17 120,000120,000120,000-825,000------4,83910,08613,189
Financial debts170/4 120,000120,000120,000-825,000------4,83910,08613,189
Amounts payable within one year42/48 1.3m1.3m2.0m2.0m492,212462,282598,03052,044-38,31154,35147,99490,13850,874
Current portion of amounts payable after more than one year42 ---595,980------4,8395,6426,3973,720
Financial debts43 665,000665,0001.0m395,000150,000150,000400,000700-24,74823,54725,23122,52419,893
Credit institutions430/8 665,000665,0001.0m395,000150,000150,000400,000700-24,74823,54725,23122,52419,893
Trade debts44 165,032248,310598,431487,59928,89276,25415,84726,021-12,25623,65113,91757,52824,631
Suppliers440/4 165,032248,310598,431487,59928,89276,25415,84726,021-12,25623,65113,91757,52824,631
Advances received on contracts in progress46 ---21,25084,150---------
Taxes, remuneration and social security45 -8,95152,15111,1902,629----1,3071,5743,2043,6892,630
Taxes450/3 -8,95152,15111,1902,629----7687682,9423,4632,430
Remuneration and social security454/9 ---------539806262226200
Other amounts payable47/48 483,682350,220340,352455,377226,540236,028182,18425,323--740---
Accrued charges and deferred income492/3 25,98021,31518,98667,5432,5292,6472,3721------
Income statement
Gross operating margin9900 -23,386-152,66344,092-35,493-47,531107,75418,471-4,425-2,02945,48848,20150,01756,38068,142
Remuneration, social security and pensions62 ---------7,71110,5904,5788,13217,439
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 ---------24,1075,7435,0514,903595
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 ---------1,467----
Provisions for liabilities and charges: additions (uses and reversals)635/8 --85,626--6,576-57,124100,000--------
Other operating charges640/8 1,1431,1081,3077817924674802,2096427187632,7998043,263
Non-recurring operating charges66A -3,99553,016-----------
Operating profit (loss)9901 -24,528-72,140-10,231-29,6988,8027,28717,991-6,634-2,67111,48531,10537,58942,54146,845
Financial income75/76B 293,0026721,9801,4491,9723501692,936-21-15
Recurring financial income75 293,0026721,9801,4491,9723501692,936-21-15
Financial charges65/66B 11,90322,4397,87611,60721,4766,1699,7587566,1984,0184,2664,4625,3596,950
Recurring financial charges65 11,90322,4397,87611,60721,4766,1699,7587566,1984,0184,2664,4625,3596,950
Profit (loss) for the period before taxes9903 -36,402-91,577-17,435-39,326-11,2253,0908,582-7,221-5,9337,46726,84133,12837,18239,910
Income taxes67/77 -4,976-------5008791,2591,6832,430
Profit (loss) for the period9904 -36,402-96,553-17,435-39,326-11,2253,0908,582-7,221-5,9336,96725,96231,86935,49937,480
Profit (loss) for the period to be appropriated9905 -36,402-96,553-17,435-39,326-11,2253,0908,582-7,221-5,9336,96725,96231,86935,49937,480
Appropriation of the result
Profit (loss) to be appropriated9906 -200,748-164,346-67,793-50,358-11,032193-2,897-11,480-4,25814,29938,95042,98841,11937,480
Profit (loss) brought forward from the previous period14P -164,346-67,793-50,358-11,032193---------
Transfer to equity691/2 ---------5,4995,618--1,860
To the legal reserve6920 -------------1,860
To other reserves6921 ---------5,4995,618---
Profit to be distributed694/7 ---------7,12526,00030,00030,00030,000
Directors or managers695 ---------7,12526,00030,00030,00030,000
Social balance sheet
Average staff (FTE)9087 ---------0.30.10.20.20.3
Hours worked1013 ---------4564253195501,100
Document PDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDF

The notes to these accounts have 11 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 26-10-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank

2025 annual accounts filed 87 days after the deadline. Filed on 26 October 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00570092.

Financial year Type Filed Reference Document
31-12-2025 abbreviated format 26-10-2026 2026-00570092 PDF
31-12-2024 abbreviated format 20-10-2025 2025-00550596 PDF
31-12-2023 abbreviated format 07-10-2024 2024-00502443 PDF
31-12-2022 abbreviated format 09-10-2023 2023-00484570 PDF
31-12-2021 abbreviated format 17-10-2022 2022-20469742 PDF
31-12-2020 abbreviated format 20-10-2021 2021-72300384 PDF
31-12-2019 abbreviated format 07-10-2020 2020-59800502 PDF
31-12-2018 abbreviated format 22-08-2019 2019-48900123 PDF
31-12-2017 abbreviated format 30-07-2018 2018-42700356 PDF
31-12-2016 abbreviated format 28-07-2017 2017-39800414 PDF
31-12-2015 abbreviated format 30-09-2016 2016-64000019 PDF
31-12-2014 abbreviated format 31-07-2015 2015-39800289 PDF
31-12-2013 abbreviated format 31-08-2014 2014-56700567 PDF
31-12-2012 abbreviated format 31-07-2013 2013-39600115 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend20252024202320222021202020192018201720162015201420132012
EBITDA ---------35,59236,84842,64047,44447,440
Cash flow ---------31,07431,70536,92040,40238,075
Investment in fixed assets (approximation) ---------7,6306,87474420,9804,171
Change in cash -93,927-67,203165,591-9,4028,904-373-19,91520,354-1,356-674-36---
Working capital -23,1898,548188,39885,064890,952134,41931,05320,100-20,8544,53510,5419,61223,293
Solvency -13.1%-10.4%-1.7%-0.9%1.5%5.3%4.6%27.9%100.0%35.2%27.9%28.5%16.1%17.6%
Current ratio 0.981.011.091.042.811.291.051.39-1.541.081.221.111.46
Quick ratio 0.020.150.160.070.500.370.020.73-1.541.061.191.071.38
Debt to equity ----64.2314.6320.932.59-1.842.592.515.234.68
ROE -----54.6%9.7%29.9%-35.9%-39.8%33.4%123.6%151.4%185.1%274.0%
ROA -2.8%-7.5%-0.8%-1.9%-0.8%0.5%1.4%-10.0%-39.8%11.8%34.4%43.1%29.7%48.2%

Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.

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.

Overdue debts

tax and social security
Item20252024202320222021
Overdue tax debts-€4,796-€687-

Source: notes to the 2021 to 2025 annual accounts (statement of debts)

Securities and guarantees

on own assets and for others
Item20252024202320222021
Debts secured on the company's own assets€665,000€665,000€1.0m€990,980€975,000
Mortgages, amount registered€50,000€50,000€75,000€55,500€30,500
Mortgage mandates€2.0m€2.0m€2.9m€1.2m€950,000
Carrying value of the mortgaged assets€1.2m€1.1m€1.5m€1.3m€1.1m
Carrying value of the other pledged assets€25,344€35,370€165,998--

Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)

Insights on D.C. Developments

The operating result for 2025 is a loss of €24,528, smaller than the loss of €72,140 in 2024.

Equity is negative. Debt (€1.5m) exceeds the balance-sheet total (€1.3m).

Board & ownership

Board

1 director, last change in 2024
D.C. BEHEER NV
Director
since 22-09-2025
listed in the 2025 annual accounts, filed on 26-10-2026
Het Vroonhof BV
Director (not named in the articles), permanent representative DeClercq,GuyHendrikMario
appointed by deed of 12-01-2024 term without a fixed end
also on the board of 3 other companies
Signing authorityThe articles say who may bind the company, for example by signing a contract.
Each director alone
deed of 12-01-2024
Permanent representatives 1
DeClercq,GuyHendrikMario
Permanent representative, for Het Vroonhof
appointed by deed of 12-01-2024

Office holders in the KBO →

Mandates through the years

3 names, the dashed line is today
D.C. BEHEER NV
Director
Het Vroonhof
Director (not named in the articles)
GuyDeClercq
Director (not named in the articles)
BoardOther functionEarliermandate already running before its first mention
Mandates as a list
  • D.C. BEHEER NV
    • Director, from 22-09-2025 to date
  • Het Vroonhof
    • Director (not named in the articles), from 29-11-2023 to date
  • GuyDeClercq
    • Director (not named in the articles), until 12-01-2024

See the board, name and registered office on a given date →

Control

Parent
Het Vroonhof
Equity €6.8m
Profit €2.9m in 2024 (loss €652,583 in 2023)
100%
This company
D.C. Developments
Equity -€169,169
Loss €36,402 in 2025

Further up the chainHET VROONHOF BV consolidates

and 2 other shareholders

Capital

Contribution
€18,600
Source
2025 annual accounts

Owners through the years

as the annual accounts name them
Het Vroonhof
50%100%
consolidates
D.C. Beheer
50%100%
100% until 2023
Urbis Vastgoedgroep
100%
100% until 2021
Owners as a list

Source: shareholder structure in its own accounts, parent in its own accounts, lists of holdings in the owners' accounts

Articles of association

deed of 12-01-2024 (in Dutch)
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
“Organisatie en bijeenroeping Ieder jaar wordt een gewone algemene vergadering van aandeelhouders gehouden op de zetel, op de eerste dinsdag…”

Shareholders

3 owners

Owners 3

Capital transactions

Capital over time
  1. 12-01-2024 Converted to unavailable equity
  2. 12-01-2024 Converted to available equity

Network & group

Group

Het Vroonhof has 52 holdings in 3 countries (2024 accounts), the bar shows equity in euros
ParentHet Vroonhof52 holdings, 3 countries 2024 accounts

Belgium 49 Year Equity Result

  • BE D.C. DEVELOPMENTS 2025-€169,169 result -€36,402 (2025)
  • BE SU.RE INVESTMENTS26% 2025€3.0m result -€155,553 (2025)
  • BE DOMUS4U33.33% 2023€1.9m result -€105,214 (2023)
  • BE DE STEENFABRIEKvia 25% 2025€1.6m result €4,154 (2025)
  • BE ZYMOFIXvia 23.44% 2025€1.6m result -€636,911 (2025)
  • BE URBIS VASTGOEDGROEP75% 2025€1.2m result -€10,887 (2025)
  • BE PACT B51.76% 2025€1.1m result €657,733 (2025)
  • BE BLUEBIRD12.82% 2025€1.1m result -€4,479 (2025)
  • BE HAIRCO13.41%open bankruptcy 2023€1.0m result -€2.1m (2023)
  • BE D.C. PROPERTIES71.09% 2025€933,090 result -€71,899 (2025)
  • BE OUROBOROS INVEST54.19% 2025€888,019 result €10,336 (2025)
  • BE OLYMPIA GRONDvia 100% 2025€807,442 result €2,442 (2025)
  • BE ARTORIA40% 2025€687,115 result €30,346 (2025)
  • BE CRUSTA CAPITAL50% 2025€646,134 result €46,181 (2025)
  • BE BREIGOED10% 2025€604,399 result €10,872 (2025)
  • BE CHINA EUROPE STRATEGY SOLUTIONS26.02% 2024€587,804 result €3,907 (2024)
  • BE ALTIS94.98% 2025€528,968 result €118,952 (2025)
  • BE D.C. ENERGY 2024€460,651 result €134,927 (2024)
  • BE IMMANS50% 2025€445,285 result €14,622 (2025)
  • BE WHERE YOU FROMvia 59.17%open bankruptcy 2018€408,934 result -€71,848 (2018)
  • BE D.C. BEHEER 2025€362,057 result €64,519 (2025)
  • BE D.C. PROJECTS80% 2025€347,390 result -€15,786 (2025)
  • BE RUPELBOORD 2025€345,656 result -€5,239 (2025)
  • BE CLERCUSno longer active 2024€292,853 result -€4,066 (2024)
  • BE IM-PACTvia 26.94% 2025€237,797 result -€22,292 (2025)
  • BE BROCAP34.9% 2025€221,701 result €19,189 (2025)
  • BE OXYLUMvia 10% 2025€180,612 result -€143,186 (2025)
  • BE RENEWO60% 2025€161,178 result -€2,022 (2025)
  • BE FADERI BELGIUM27.48% 2025€151,439 result €80,239 (2025)
  • BE I 4 REAL ESTATE NVvia 100% 2025€143,570 result -€10,315 (2025)
  • BE ELISABETHSHUIS 2025€65,765 result -€29,928 (2025)
  • BE GEBROEDERS LAUWERSvia 100%no longer active 2024€47,302 result €1,315 (2024)
  • BE D2 PROJECTS50% 2025€27,372 result -€17,046 (2025)
  • BE IMMOTALIS16.67% 2025€12,152 result -€49,785 (2025)
  • BE D.C. BROTHERHOOD12.29% 2025€11,478 result -€12,876 (2025)
  • BE VIERD 2025€6,959 result €4,600 (2025)
  • BE BRACOFI21.48% 2025-€1,533 result €5,526 (2025)
  • BE STUDIO LEGIAvia 50%bankrupt 2021-€9,525 result €16,819 (2021)
  • BE TAMISE D.C. 2025-€27,667 result -€2,223 (2025)
  • BE STOKERIJ SNOECK50% 2025-€35,303 result -€59,916 (2025)
  • BE MODULAR ENERGY SYSTEMS EUROPEvia 16.3% 2025-€39,946 result -€49,946 (2025)
  • BE WATERFIELDS BREWERYvia 26.74% 2025-€61,832 result -€117,337 (2025)
  • BE ALLOWIN50% 2025-€74,479 result -€77,760 (2025)
  • BE DE CHOCOLADE GILDE40% 2025-€74,727 result €13,988 (2025)
  • BE URBIS VASTGOEDBEHEERvia 100% 2025-€173,467 result -€143,849 (2025)
  • BE ADDINGAHEM D.C. 2025-€183,193 result -€55,022 (2025)
  • BE iFLUX11.57% 2025-€356,024 result -€1.3m (2025)
  • BE PROJECTMAKELAARvia 100% 2025-€580,179 result -€72,896 (2025)
  • BE DECOILvia 20% - result -

Europe 3 Year Equity Result

  • BG ELECTRAWINDS SHABLA SOUTH JSCovia 33.33% 2024€3.4m result €744,441 (2024)
  • BG ELECTRAWINDS SHABLA JSCovia 33.33% 2024€2.8m result €471,411 (2024)
  • RO ELECTRAWINDS-R SAvia 33.33% 2024-€2.2m result €340,000 (2024)

Source: list of holdings in the 2024 accounts of Het Vroonhof. 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 Het Vroonhof Group, risk and exposure

At the same address

Waterlelielaan 1, 9032 Ghent · 59 other companies
Het Vroonhof
registered office since 06-12-1988 · founded in 1988 · accounts filed late
 3.3 FTE (2024)
0435.495.752
SU.RE Investments
registered office since 16-03-2018 · founded in 2018
 total assets €9.6m (2025)
0692.638.002
CALCUTTA IMMO
registered office since 30-01-1987 · founded in 1987
 total assets €5.0m (2025)
0430.301.106
SU.RE Investments II
registered office since 01-07-2024 · founded in 2024
 total assets €4.4m (2025)
1010.475.229
Klein Dorlick
registered office since 17-09-2013 · founded in 2013
 total assets €3.1m (2025)
0538.693.260
D.C. Properties
registered office since 21-12-2011 · founded in 2011 · group Het Vroonhof
 total assets €3.1m (2025)
0842.016.121
BreiGoed
registered office since 02-05-2006 · founded in 2005
 total assets €3.0m (2025)
0878.081.414
De Steenfabriek
registered office since 17-01-2023 · founded in 2023
 total assets €2.9m (2025)
0797.138.179
L'île Adam
registered office since 31-03-1982 · founded in 1982
 total assets €2.7m (2017)
0422.550.905
Zymofix
registered office since 25-07-2022 · founded in 2022
 12 FTE (2025)
0788.847.055
and 49 more

Connections & network

3 connected companies
Depth
BreiGoed, Shared corporate director BBreiGoedDe Chocolade Gilde, Shared corporate director DCDe ChocoladeGildeUrbis Vastgoedgroep, Shared corporate director UVUrbisVastgoedgroepD.C. Developments D.C.Developments0837.413.965
Shared directors
This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.
Linked via shared directors
De Chocolade Gilde
via Het Vroonhof · Director · deed of 12-01-2024
Founded in 2017 · total assets €115,164 (2025) · negative equity
→
BreiGoed
via Het Vroonhof · Director · deed of 16-12-2024
Founded in 2005 · total assets €3.0m (2025)
→
Urbis Vastgoedgroep
via Het Vroonhof · Director · deed of 26-01-2024
Founded in 2020 · total assets €1.9m (2025) · group Het Vroonhof
→

Timeline

Timeline

28 events since 2011

Deadline for the 2026 accounts: 31-07-2027

2026
Annual accounts 2025 filed NBBabbreviated format · 87 days late
Registered in the Peppol Directory Reachable for e-invoices through 0208:0837413965
2025
Environmental permit refused OmgevingsloketNieuwbouw of aanleggen · Oosterzele
Annual accounts 2024 filed PDFabbreviated format · 81 days late
Environmental permit refused OmgevingsloketAanleg van nieuwe verkeersweg · Herzele
2024
Weakest financial year net -€96,553 The net result drops to -€96,553, the lowest from 2012 to 2025. It recovers the following year.
Annual accounts 2023 filed PDFabbreviated format · 68 days late
Environmental permit granted OmgevingsloketBouwen of herbouwen, Nieuwbouw van bijgebouwen en niet overdekte lage constructie, Slopen van niet vrijstaande gebouwen of constructies · Beveren-Kruibeke-Zwijndrecht
Company renamed from Ste.Marie to D.C.DevelopmentsResignation: GuyDeClercq (director) · Appointment: HetVroonhof (director) · Permanent representative: DeClercq, GuyHendrikMario · General meeting of 29-11-20235 points ▸
  • Director resignation, GuyDeClercq (director (not named in the articles))
  • Director appointment, HetVroonhof (director (not named in the articles))
  • Permanent representative, DeClercq, GuyHendrikMario
  • General meeting, 29-11-2023
  • Name change, D.C.Developments
  • The deed holds 12 more points.

Open the deed in the Belgian Official Gazette

2023
Annual accounts 2022 filed PDFabbreviated format · 70 days late
2022
Annual accounts 2021 filed PDFabbreviated format · 78 days late
2021
Liquidity more than doubled current ratio 2.81 The current ratio rises from 1.29 to 2.81.
Annual accounts 2020 filed PDFabbreviated format · 81 days late
Environmental permit granted OmgevingsloketBouwen of herbouwen, Slopen van niet vrijstaande gebouwen of constructies · Herzele
Environmental permit granted OmgevingsloketSlopen van niet vrijstaande gebouwen of constructies, Verbouwen en/of uitbreiden met functiewijziging en met wijziging van aantal woongelegenheden, Verbouwen en/of uitbreiden zonder functiewijziging en zonder wijziging van aantal woongelegenheden · Kortrijk
Environmental permit granted OmgevingsloketBouwen of herbouwen, Slopen van niet vrijstaande gebouwen of constructies · Waasmunster
2020
Annual accounts 2019 filed PDFabbreviated format · 68 days late
2019
Back to profit net €8,582 The net result is €8,582, after 2 loss-making years.
Annual accounts 2018 filed PDFabbreviated format · 22 days late
Environmental permit granted OmgevingsloketVerbouwen en/of uitbreiden zonder functiewijziging en met wijzigen van aantal woongelegenheden · Antwerpen
2018
Annual accounts 2017 filed PDFabbreviated format · 1 day before the deadline
2017
Annual accounts 2016 filed PDFabbreviated format · 3 days before the deadline
2016
Annual accounts 2015 filed PDFabbreviated format · 61 days late
2015
Annual accounts 2014 filed PDFabbreviated format · on the deadline day
2014
Annual accounts 2013 filed PDFabbreviated format · 31 days late
2013
Annual accounts 2012 filed PDFabbreviated format · on the deadline day
2011
First establishment Ste.Marie, Keizer Karelstraat 103, Ghent
Incorporation PDFpublished on 12-07-2011

Financial milestones sit on the financial year-end date, not the filing date.

All 12 environmental permit applications

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

On 30 June 2011, D.C. Developments was incorporated.1 Since 2024 the company has been called D.C.Developments.2 Total assets went from €72,144 in 2018 to €1.3m in 2025.3

  1. 1KBO register
  2. 2Belgian Official Gazette, 12-01-2024
  3. 3National Bank, annual accounts 2018 and 2025

Company details

Identity

Enterprise number
0837.413.965
VAT number
BE 0837.413.965
Peppol ID
0208:0837413965
Legal form
Private limited company
Status
Active, normal situation
Founded
30-06-2011
Financial year
ends on 31 December
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
“Organisatie en bijeenroeping Ieder jaar wordt een gewone algemene vergadering van aandeelhouders gehouden op de zetel, op de eerste dinsdag…”
deed of 12-01-2024 (in Dutch)
Peppol
Reachable since 06-01-2026Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
D.C. Developments in Dutch
Former name
Ste.Marie until 29-11-2023 · deed of 12-01-2024
Entity type
Legal entity
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 12-01-2024 (in Dutch)

Activities

NACEBEL 2025
68110 Buying and selling of own real estate main activity
Codes under NACEBEL 2008
68100 Real estate activities main activity
PurposeThe purpose describes the activities the company may carry out under its articles.
“Het uitrusten,inrichten en tot waarde brengen op alle mogelijke wijzen van alle onbebouwde en bebouwde onroerende goederen,het…”
18 activities
  1. Het uitrusten,inrichten en tot waarde brengen op alle mogelijke wijzen van alle onbebouwde en bebouwde onroerende goederen,het bouwen,verbouwen,aanpassen,herstellen van alle gebouwen en constructies bij middel van alle technieken en in alle stadia van afwerking en in het algemeen het actief uitoefenen van de projectontwikkeling van alle mogelijke onroerende goederen,inzonderheid:
  2. De aankoop,verkoop,ruiling,afbraak,huur,verhuring,huurfinanciering van alle onroerende goederen;
  3. De expertise,het beheer,het valoriseren en het laten bouwen of verbouwen van onroerende goederen van alle aard,alsmede de coördinatie van de leiding van dergelijke werken,alle studies ontwerpen en plannen opvatten,maken en uitwerken;
  4. Alle hoegenaamde gebouwen of bouwwerken bouwen,afwerken,veranderen,omvormen,herstellen en afbreken;
  5. Het verkavelen van gronden;
  6. Algemene aannemingen in de breedste zin van het woord.
  7. Het uitvoeren van alle studies en onderzoek,de promotie,de consultancy in het algemeen,de assistentie op gebied van management en engineering,technisch,commercieel,administratief,financieel,fiscaal en juridisch beheer en advies;
  8. De publiciteit,marketing en algemene communicatie onder alle vormen en het uitvoeren van alle werken die voor de verwezenlijking ervan noodzakelijk zijn,zonder enige beperking;
  9. Het verwerven,hetzij door inschrijving of aankoop,van aandelen,obligaties,kasbons of andere roerende waarden,van welke vorm ook,van Belgische of buitenlandse bestaande of nog op te richten vennootschappen,alsook het beheer van deze roerende waarden,dit alles enkel voor eigen rekening of in deelneming met derden;
  10. Het bevorderen van de oprichting van ondernemingen door inbreng,participatie of investering;
  11. Het toestaan van leningen en kredietopeningen aan ondernemingen of particulieren onder om het even welke vorm en in dit kader kan zij ook borg stellen,in de meest ruime zin,alle handels-en financiële operaties verrichten,behalve deze die welke wettelijk voorbehouden zijn aan de financiële instellingen;
  12. Het optreden als tussenpersoon bij onderhandelingen voor gehele of gedeeltelijke overname van aandelen,in de meest ruime betekenis het deelnemen aan emissieverrichtingen van effecten door intekening,waarborgplaatsing,verhandeling,of anderszins,alsmede het verwezenlijken van om het even welke verrichtingen inzake beheer;
  13. Het waarnemen van alle bestuurs-en vereffeningsopdrachten in andere ondernemingen,het uitoefenen van opdrachten en functies in ondernemingen;
  14. Het ontwikkelen,kopen,verkopen,beheer,in waarde stellen,in licentie nemen of geven van brevetten,octrooien,knowhow en andere immateriële vaste activa;
  15. De aan-en verkoop,in-en uitvoer,commissiehandel en vertegenwoordiging van om het even welke goederen,in het kort tussenpersoon in de handel;
  16. Alle verrichtingen van commerciële,industriële,onroerende,roerende of financiële aard die rechtstreeks of onrechtstreeks met haar voorwerp verwant zijn of de verwezenlijking ervan kunnen bevorderen.
  17. Het aanleggen,het oordeelkundig uitbouwen en beheren van een onroerend vermogen;alle verrichtingen met betrekking tot onroerende goederen en onroerende zakelijke rechten zoals de huurfinanciering van onroerende goederen aan derden,het aankopen,verkopen,ruilen,bouwen,verbouwen,onderhouden,verhuren,huren,verkavelen,prospecteren en uitbaten van onroerende goederen;de aan-en verkoop,huur en verhuur van roerende goederen,alsmede alle handelingen die rechtstreeks of onrechtstreeks met dit voorwerp in verband staan en die van aard zijn de opbrengst van de roerende en onroerende goederen te bevorderen,alsmede zich borg te stellen voor het goede verloop van verbintenissen door derde personen aangegaan die het genot zouden hebben van deze roerende en onroerende goederen.
  18. Het aanleggen,het oordeelkundig uitbouwen en beheren van een roerend patrimonium,alle verrichtingen met betrekking tot roerende goederen en rechten,van welke aard ook,zoals het verwerven door inschrijving of aankoop en het beheren van aandelen,obligaties,kasbons of andere roerende waarden,van welke vorm ook,van Belgische of buitenlandse,bestaande of nog op te richten rechtspersonen en ondernemingen.
deed of 12-01-2024 (in Dutch)

Registered office and establishments

1 establishment
Establishment Since Unit number
Waterlelielaan 1 registered office 9032 Ghent
Ste.Marie Keizer Karelstraat 103, 9000 Ghent 68310 Real estate agency activities 12-07-2011 2.208.069.297

Buildings and parcels at the addresses

Ground area
5,985 m²
Buildings
483 m²
Volume, LiDAR
4,470 m³
Tallest building
18.5 m
Buildings to scale, each on its own parcel
268 m², 12.1 m 215 m², 18.5 m 268 m², 12.1 m 215 m², 18.5 m

Environmental permits

12 applications in Flanders since 2018 · 6 granted · 2 refused · 1 under appeal
25-11-2025 Refused Nieuwbouw of aanleggen submitted 20-07-2025 · project 2025088953 Oosterzele
24-09-2025 Refused Aanleg van nieuwe verkeersweg submitted 02-03-2025 · Subdivision · project 2025014876 Herzele
12-08-2024 Under appeal Slopen van niet vrijstaande gebouwen of constructies Subdivision · project 2024101721 RVVB
28-05-2024 Discontinued Slopen van niet vrijstaande gebouwen of constructies submitted 24-01-2024 · Subdivision · project 2024009891 Oosterzele
02-04-2024 Granted Bouwen of herbouwen; Nieuwbouw van bijgebouwen en niet overdekte lage constructie; Slopen van niet vrijstaande gebouwen of constructies submitted 03-11-2023 · project 2023141549 Beveren-Kruibeke-Zwijndrecht
16-01-2024 Discontinued Slopen van niet vrijstaande gebouwen of constructies submitted 12-11-2023 · Subdivision · project 2023149820 Oosterzele
04-08-2021 Granted Bouwen of herbouwen; Slopen van niet vrijstaande gebouwen of constructies submitted 28-05-2021 · project 2021090789 Herzele
12-04-2021 Granted Slopen van niet vrijstaande gebouwen of constructies; Verbouwen en/of uitbreiden met functiewijziging en met wijziging van aantal woongelegenheden; Verbouwen en/of uitbreiden zonder functiewijziging en zonder wijziging van aantal woongelegenheden submitted 23-11-2020 · project 2020147541 Kortrijk
18-01-2021 Granted Bouwen of herbouwen; Slopen van niet vrijstaande gebouwen of constructies submitted 27-10-2020 · project 2020141125 Waasmunster
09-08-2019 Granted Verbouwen en/of uitbreiden zonder functiewijziging en met wijzigen van aantal woongelegenheden submitted 13-05-2019 · project 2019054413 Antwerpen

The 10 most recent of 12 applications.

Source: Omgevingsloket Vlaanderen.

Location

registered office establishment The establishment unit on the map
60 companies at this address See who is registered here

Parcels

Cadastral parcelArea Buildings Height / floors
44074C0050/00H000
ProtectedMonumentHoeve Dossche: boerenwoningSource ↗
5,728 m² 1 · 268 m² 12.1 m · 2
44804D1357/00R003257 m² 1 · 215 m² 18.5 m · 5

1 of these parcels carries protected heritage. Expect extra rules on renovation or sale.

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