DANNEELS DEVELOPMENT
ActiveSummary
DANNEELS DEVELOPMENT has been active since 1978 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €46.0m and a net result of €200,338. Equity remains stable across the filed fiscal years (±0.3% per year). Its solvency ranks better than 65% of 4577 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability38▲+16
Solvency83▲+1
Growth31▲+1
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €900,000 at 30 days acceptable
Liquidity ample (current ratio 3.91 against 4.26 in 2024; short-term debt: 24.9% and cash: 0.4% of total assets), and 42.5% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
57.5%
Return on assets
0.3%
Age of the figures
9 mo
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 10-06-2026, 51 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
51 d early
2024
44 d early
2023
49 d early
2022
56 d early
2021
31 d early
2020
26 d early
2019
20 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 40 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
In the rankings
#3 company by total assets in Bruges, Real estate sector#3 company by equity in Bruges, Real estate sector
Turnover
€9.2m▼ 0.2%
2024 · €9.2m
EBIT margin
9.3%▲ 7.7pp
2024 · 1.6%
Net result
€200,338
2024 · -€617,389
Working capital
€58.0m▼ 5.4%
2024 · €61.3m
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€25.7m▲ 30.1%€18.0m▼ 29.9%€12.2m▼ 32.3%€9.2m▼ 24.3%€9.2m▼ 0.2%
Operating result€6.6m▲ 58.4%€3.4m▼ 47.8%€2.0m▼ 42.8%€148,501▼ 92.4%€858,215▲ 478%
Net result€4.7m▲ 66.9%€2.3m▼ 50.5%€937,764▼ 59.4%-€617,389€200,338
EBIT margin25.7%▲ 4.6pp19.1%▼ 6.6pp16.2%▼ 3.0pp1.6%▼ 14.5pp9.3%▲ 7.7pp
Equity€47.2m▲ 0.4%€45.5m▼ 3.6%€46.4m▲ 2.1%€45.8m▼ 1.3%€46.0m▲ 0.4%
Total assets€84.8m▲ 0.5%€82.5m▼ 2.7%€85.8m▲ 4.0%€80.5m▼ 6.1%€80.0m▼ 0.7%
Debt€37.6m▲ 0.7%€37.0m▼ 1.6%€39.3m▲ 6.2%€34.7m▼ 11.7%€33.9m▼ 2.2%
Working capital€64.8m▲ 7.4%€60.0m▼ 7.4%€65.3m▲ 8.8%€61.3m▼ 6.1%€58.0m▼ 5.4%
Staff (FTE)7.1=6.3▼ 11.3%8.3▲ 31.7%8▼ 3.6%7.2▼ 10.0%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 478% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €80.0m
Fixed assets
€2.0m ▲ 399%
Current assets
€77.9m ▼ 2.7%
Equity and liabilities €80.0m
Equity
€46.0m ▲ 0.4%
Provisions
€16,572 =
Debt
€33.9m ▼ 2.2%
Debt's share of the balance-sheet total falls from 43.1% to 42.4%. Equity is higher and debt is lower.
Key figures and ratios
Current ratio
3.91▼
2024 · 4.26
Quick ratio
0.18▼
2024 · 0.24
Debt to equity
0.74▼
2024 · 0.76
ROE
0.4%▲
2024 · -1.3%
ROA
0.3%▲
2024 · -0.8%
Debt ≤ 1 year
€19.9m▲
2024 · €18.8m
Debt > 1 year
€14.0m▼
2024 · €15.7m
Income taxes
€1,772▼
2024 · €1,792
Staff costs
€781,155▼
2024 · €1.0m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 16,986 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.5%
went bankrupt
4.9%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 16,986 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | €26.3m | €18.4m | €12.4m | €9.3m | €11.0m | ▲ 18.2% |
| Turnover70 | €25.7m | €18.0m | €12.2m | €9.2m | €9.2m | ▼ 0.2% |
| Own construction capitalised72 | €262,089 | - | - | - | €1.7m | - |
| Other operating income74 | €370,462 | €398,125 | €177,622 | €121,058 | €112,810 | ▼ 6.8% |
| Non-recurring operating income76A | - | - | €14,726 | - | €18,998 | - |
| Operating charges60/66A | €19.7m | €14.9m | €10.4m | €9.2m | €10.2m | ▲ 10.8% |
| Goods for resale, raw materials and consumables60 | €16.5m | €12.1m | €7.7m | €6.3m | €7.7m | ▲ 22.0% |
| Purchases600/8 | €11.2m | €15.4m | €12.4m | €3.2m | €6.5m | ▲ 107% |
| Change in stocks: decrease (increase)609 | €5.4m | -€3.3m | -€4.7m | €3.2m | €1.2m | ▼ 63.1% |
| Services and other goods61 | €2.0m | €1.9m | €1.5m | €1.4m | €1.4m | ▲ 4.9% |
| Remuneration, social security and pensions62 | €945,854 | €1.0m | €966,183 | €1.0m | €781,155 | ▼ 22.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €38,148 | €29,266 | €27,106 | €13,999 | - | - |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | -€51,421 | -€314,564 | - | - | - | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | €42,405 | -€42,405 | - | - |
| Other operating charges640/8 | €244,919 | €180,056 | €130,362 | €529,837 | €253,672 | ▼ 52.1% |
| Non-recurring operating charges66A | - | - | - | - | €4,193 | - |
| Operating profit (loss)9901 | €6.6m | €3.4m | €2.0m | €148,501 | €858,215 | ▲ 478% |
| Financial income75/76B | - | €1,466 | €3,226 | €7,753 | €714 | ▼ 90.8% |
| Recurring financial income75 | - | €1,466 | €3,226 | €7,753 | €714 | ▼ 90.8% |
| Income from current assets751 | - | €1,441 | €3,226 | €7,677 | €713 | ▼ 90.7% |
| Other financial income752/9 | - | €25 | - | €76 | €0 | ▼ 99.9% |
| Financial charges65/66B | €351,094 | €340,125 | €698,916 | €771,851 | €656,819 | ▼ 14.9% |
| Recurring financial charges65 | €351,094 | €340,125 | €698,916 | €771,851 | €656,819 | ▼ 14.9% |
| Debt charges650 | €351,088 | €340,089 | €698,907 | €771,851 | €656,783 | ▼ 14.9% |
| Other financial charges652/9 | €5 | €36 | €10 | - | €36 | - |
| Profit (loss) for the period before taxes9903 | €6.2m | €3.1m | €1.3m | -€615,597 | €202,109 | ▲ 133% |
| Income taxes67/77 | €1.6m | €789,086 | €332,673 | €1,792 | €1,772 | ▼ 1.1% |
| Taxes670/3 | €1.6m | €789,086 | €332,673 | €1,792 | €1,772 | ▼ 1.1% |
| Profit (loss) for the period9904 | €4.7m | €2.3m | €937,764 | -€617,389 | €200,338 | ▲ 132% |
| Profit (loss) for the period to be appropriated9905 | €4.7m | €2.3m | €937,764 | -€617,389 | €200,338 | ▲ 132% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €84.8m | €82.5m | €85.8m | €80.5m | €80.0m | ▼ 0.7% |
| Formation expenses20 | - | - | €0 | €0 | €0 | - |
| Fixed assets21/28 | €560,636 | €535,807 | €423,656 | €409,658 | €2.0m | ▲ 399% |
| Tangible fixed assets22/27 | €324,937 | €312,670 | €284,881 | €270,883 | €1.9m | ▲ 603% |
| Land and buildings22 | €262,089 | €262,089 | €262,089 | €262,089 | €1.9m | ▲ 627% |
| Plant, machinery and equipment23 | - | - | €0 | €0 | €0 | - |
| Furniture and vehicles24 | €62,847 | €50,581 | €22,792 | €8,793 | €0 | ▼ 100% |
| Financial fixed assets28 | €235,699 | €223,137 | €138,775 | €138,775 | €139,353 | ▲ 0.4% |
| Other financial fixed assets284/8 | €235,699 | €223,137 | €138,775 | €138,775 | €139,353 | ▲ 0.4% |
| Amounts receivable and cash guarantees285/8 | €235,699 | €223,137 | €138,775 | €138,775 | €139,353 | ▲ 0.4% |
| Current assets29/58 | €84.2m | €81.9m | €85.3m | €80.1m | €77.9m | ▼ 2.7% |
| Stocks and contracts in progress3 | €70.4m | €74.0m | €78.7m | €75.6m | €74.4m | ▼ 1.5% |
| Stocks30/36 | €70.4m | €74.0m | €78.7m | €75.6m | €74.4m | ▼ 1.5% |
| Property held for sale35 | €70.4m | €74.0m | €78.7m | €75.6m | €74.4m | ▼ 1.5% |
| Amounts receivable within one year40/41 | €11.2m | €7.5m | €5.8m | €3.5m | €3.2m | ▼ 8.2% |
| Trade receivables40 | €9.9m | €6.5m | €2.9m | €2.7m | €2.6m | ▼ 3.6% |
| Other amounts receivable41 | €1.3m | €1.1m | €2.9m | €789,649 | €601,526 | ▼ 23.8% |
| Cash at bank and in hand54/58 | €2.5m | €310,763 | €800,086 | €493,031 | €309,566 | ▼ 37.2% |
| Deferred charges and accrued income490/1 | €6,847 | €64,561 | €10,548 | €553,612 | €10,643 | ▼ 98.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €84.8m | €82.5m | €85.8m | €80.5m | €80.0m | ▼ 0.7% |
| Equity10/15 | €47.2m | €45.5m | €46.4m | €45.8m | €46.0m | ▲ 0.4% |
| Contributions10/11 | €3.9m | €3.9m | €3.9m | €3.9m | €3.9m | = |
| Capital10 | €3.9m | €3.9m | €3.9m | €3.9m | €3.9m | = |
| Issued capital100 | €3.9m | €3.9m | €3.9m | €3.9m | €3.9m | = |
| Reserves13 | €43.3m | €41.6m | €42.5m | €41.9m | €42.1m | ▲ 0.5% |
| Non-distributable reserves130/1 | €390,000 | €390,000 | €390,000 | €390,000 | €390,000 | = |
| Legal reserve130 | €390,000 | €390,000 | €390,000 | €390,000 | €390,000 | = |
| Tax-exempt reserves132 | €4.9m | €4.9m | €4.9m | €4.9m | €4.9m | = |
| Distributable reserves133 | €38.0m | €36.3m | €37.2m | €36.6m | €36.8m | ▲ 0.6% |
| Profit (loss) carried forward14 | €6,875 | €19,279 | €7,043 | €14,655 | €4,992 | ▼ 65.9% |
| Provisions and deferred taxes16 | €16,572 | €16,572 | €58,977 | €16,572 | €16,572 | = |
| Provisions for liabilities and charges160/5 | €16,572 | €16,572 | €58,977 | €16,572 | €16,572 | = |
| Pensions and similar obligations160 | €16,572 | €16,572 | €16,572 | €16,572 | €16,572 | = |
| Other liabilities and charges164/5 | - | - | €42,405 | - | - | - |
| Amounts payable17/49 | €37.6m | €37.0m | €39.3m | €34.7m | €33.9m | ▼ 2.2% |
| Amounts payable after more than one year17 | €18.2m | €15.0m | €19.2m | €15.7m | €14.0m | ▼ 10.9% |
| Financial debts170/4 | €18.2m | €15.0m | €19.2m | €15.7m | €14.0m | ▼ 10.9% |
| Credit institutions173 | €18.2m | €15.0m | €19.2m | €15.7m | €14.0m | ▼ 10.9% |
| Amounts payable within one year42/48 | €19.4m | €21.9m | €20.0m | €18.8m | €19.9m | ▲ 6.0% |
| Financial debts43 | €898,074 | €541,416 | €5.5m | €6.7m | €9.7m | ▲ 44.6% |
| Credit institutions430/8 | €898,074 | €541,416 | €5.5m | €6.7m | €9.7m | ▲ 44.6% |
| Trade debts44 | €2.0m | €7.1m | €2.8m | €1.1m | €976,693 | ▼ 11.9% |
| Suppliers440/4 | €2.0m | €7.1m | €2.8m | €1.1m | €976,693 | ▼ 11.9% |
| Advances received on contracts in progress46 | - | - | €2,815 | €26,775 | - | - |
| Taxes, remuneration and social security45 | €194,156 | €115,869 | €106,802 | €114,636 | €100,152 | ▼ 12.6% |
| Taxes450/3 | €45,778 | €33,671 | €528 | €6,450 | €49,898 | ▲ 674% |
| Remuneration and social security454/9 | €148,378 | €82,199 | €106,274 | €108,186 | €50,255 | ▼ 53.5% |
| Other amounts payable47/48 | €16.3m | €14.1m | €11.7m | €10.8m | €9.1m | ▼ 15.6% |
| Accrued charges and deferred income492/3 | €24,528 | €19,084 | €50,126 | €177,533 | €10,278 | ▼ 94.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4.7m | €2.3m | €937,764 | -€617,389 | €200,338 | ▲ 132% |
| + Depreciation and write-downs630 | €38,148 | €29,266 | €27,106 | €13,999 | - | - |
| Operating cash flow (approximation) | €4.7m | €2.3m | €964,870 | -€603,390 | €200,338 | ▲ 133% |
| Investment in fixed assets (approximation) | - | -€4,438 | €85,045 | €0 | -€1.6m | - |
| Change in cash | - | -€2.2m | €489,323 | -€307,055 | -€183,465 | ▲ 40.3% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
10-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Back to profitnet €200,338
Net result €200,338 after one loss-making year.
17-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Weakest financial yearnet -€617,389
Net result drops to -€617,389, the lowest in the series; recovery starts the following year.
12-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
05-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Highest result since 2018net €4.7m ▲66.9%
Operating result €6.6m, net result €4.7m, both a record.
05-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
11-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
21-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
02-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
01-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 14 acts read
About the unread acts
We know of 14 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
14 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Brugge · 1 establishment unit since 1978
Ground area
629 m²
Building footprint
321 m²
Volume, LiDAR
1,746 m³
Parcel 31027D0367/00L007, Flanders · tallest building 9.5 m, ±2 floors. Linked by address, not a title deed.
11
companies at this address
See who is registered here
1 establishment unit
Sint-Baafskerkstraat 1, 8200 Brugge
since 19782.014.671.984
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31027D0367/00L007 | Flanders | 629 m² | 1 · 321 m² | 9.5 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Part of the group
AIUPO
9 companies
Group, risk and exposure
Owners and holdings
1 ownerChain of control
- AIUPO
- DANNEELS DEVELOPMENT
Highest known parent: AIUPO. The sources do not say who stands above it.
Owners 1
- AIUPOparent100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Recognitions · licences · registrations
Legal Entity Identifier
967600T0YNQ0Q0C7O651
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Of 11,756 companies in sector 68310 we hold annual accounts for 6,907. 276 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded22-03-1978
Fiscal year end31-12
Activities, NACEBEL 2025
68121Development of residential building projects
68310Real estate agency activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0418125230
Also
9925:BE0418125230
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.