Result
-€5,798 -€5,798
From profit to loss in 2025, after a profit of €463,396 in 2024.
DENDER DEVELOPMENT
Lifetime
14 annual accounts with figures on one time axispeak €3.1m (2017)
-€4,594▼ €469,235
lowest -€1.2m (2015)
-€5,798▼ €469,193
peak €26,993 (2024)
€21,196▼ 21.5%
€4,272▲ 9.7%
Board12 names since 2018
4 directorsFortjen and 3 others
Owners7 names in the annual accountsall names
50%MAATSCHAPPIJ TOT EXPLOITATIE VAN IMMOBILIEN and 3 others
Documentsfilings and deeds
03-06-202658 days before the deadline
2025abbreviated format
Gross margin from €464,642 to -€4,594Loss of €5,7984 directors appointed, 1 resignation, 1 statutory auditor rea… 27-02Equity from €26,993 to €21,196
Key points
from the 2025 annual accountsAt the same address
26 companies
Position in the sector
83.2%
Higher solvency than 86% of companies in real estate. Sector median 30.7% · 11,297 companies.
Turnover not published (abbreviated format)
Checked score
93
Excellent
Financially stronger than 52% of micro companies in real estate (NACE 68)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 26,626 companies (NACE 68, micro).
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.4%highest value
01-2025: 0.4%● unchanged vs 12-2024
02-2025: 0.4%● unchanged vs 01-2025
03-2025: 0.4%● unchanged vs 02-2025
04-2025: 0.3%▼ -0.1 percentage points vs 03-2025
05-2025: 0.3%● unchanged vs 04-2025
06-2025: 0.3%● unchanged vs 05-2025
07-2025: 0.3%● unchanged vs 06-2025
08-2025: 0.1%▼ -0.2 percentage points vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025lowest value
02-2026: 0.1%● unchanged vs 01-2026lowest value
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.1%● unchanged vs 07-2026
09-2026: 0.1%● unchanged vs 08-2026
10-2026: 0.1%● unchanged vs 09-2026
11-2026: 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
1 of the last 3 accounts late
Loss of €5,798 (financial year 2025)
lowers risk
Liquidity: current ratio 5.96, cash €24,803
Equity €21,196 (83.2% of total assets)
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 91% of them on solvency, 94% on liquidity, 4% on profitability and 20% on growth.
The bankruptcy probability was computed on 09-11-2026 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, 4,805 companies had the same profile as DENDER DEVELOPMENT has now. Each dot stands for 13 companies, two years later.
88.1%
were still trading
9.8%
stopped another way
2.0%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of DENDER DEVELOPMENT itself is lower: 0.1% within 12 months. It rests on far more data about DENDER DEVELOPMENT than the profile alone.
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 4,805 companies, not a prediction for DENDER DEVELOPMENT. 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 €1,500 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 5.96 (7.93 in 2024), above the usual 1.5. Short-term debt is 16.8% and cash 97.4% of total assets. 16.8% of the assets are financed with debt and provisions.
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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
34 days early
2023
49 days late
2022
20 days early
2021
20 days early
2020
44 days early
2019
22 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 21 days before 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 11 July (4 of the last 5 accounts filed within 38 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
F
Fortjen
Director, VAN DAMME Frederik
R
RisasoN
Director, NECKEBROECK Rik, since 20-12-2024
- ABACUS INVEST NV consolidatesscore 84equity €571.6m (2025) · annual accounts 2025
- MATEXI GROUP NV consolidatesscore 79equity €309.3m (2025) · annual accounts 2025
- MAATSCHAPPIJ TOT EXPLOITATIE VAN IMMOBILIEN 50%score 92equity €327.2m (2025) · 2025 annual accounts of MAATSCHAPPIJ TOT EXPLOITATIE VAN IMMOBILIEN
Recent changes
4 directors appointed, 1 resignation, 1 statutory auditor reappointed
Resignation: PG Consulting (class A director) · Permanent representatives: GORIS Philip, NECKEBROECK Rik, Tony Moreels, VAN DAMME Frederik, BEARELLE Nicolas and HUYGHE Alexandre · Appointments: RisasoN (class A director), Fortjen (class A director), MIENI INVEST (class B director) and RE-VIVE (class B director) · General meeting of 20-12-2024 · Gazette deed
Reappointment: VGD Bedrijfsrevisoren BV (statutory auditor)
General meeting of 20-12-2021 · Gazette deed
New class B director
Stefano Cincinnato appointed, Sofie Verstraete resigned · Permanent representatives: Philip Goris, Frederik Van Damme and Nicolas Bearelle · General meeting of 01-06-2021 · Gazette deed
Environmental permit granted
Aanleg van nieuwe verkeersweg · Aalst
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| DENDER DEVELOPMENT Waregem | €25,468 | -€4,594 | 83.2% | - |
| DE WOONFABRIEK Beernem | €26,068 | -€3,707 | 90.0% | - |
| ELTO Deinze | €24,562 | -€12,782 | -162.2% | - |
| CL STUDIO APART Kampenhout | €25,972 | -€14,184 | -187.3% | - |
| Q Estate Brussels | €26,020 | -€6,907 | -106.5% | - |
| Beta Engineering Kapellen | €23,709 | -€56,638 | -215.8% | - |
| HOMEBUILDING Ghent | €30,176 | -€34,614 | -1619.1% | - |
These companies have the same main activity as DENDER DEVELOPMENT: development of residential building projects (NACE 68121). They are comparable in size and age: total assets between €23,700 and €30,200, founded between 2010 and 2012.
Official details
Source: KBO- Status
- Active since 27-09-2011Normal situation
- Registered office
- 27 active companies are registered at this addressSource: KBO register, as of 10 November 2026.
- Activity
- Development of residential building projectsNACE 68121
- Establishment unit
- 2.221.978.8028790 Waregem, since 27-09-2011
- Financial year end
- 31 December
- Peppol
- Reachable
Annual accounts 2025
- €25,468▼ 17.5%
- Filing
- Filed on 03-06-2026, 58 days before the end of the filing period
Companies linked to DENDER DEVELOPMENT
Shareholders
- Mieni Invest38.93%
Insights on DENDER DEVELOPMENT
DENDER DEVELOPMENT files the abbreviated format. That format states no turnover. The gross margin rose from -€328,987 in 2016 to -€4,594 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about DENDER DEVELOPMENT
- What is the company number of DENDER DEVELOPMENT?
- The company number of DENDER DEVELOPMENT is 0839.991.888. The VAT number is the same number with BE in front: BE 0839.991.888.
- Where is DENDER DEVELOPMENT based?
- The registered office is at Franklin Rooseveltlaan 180, 8790 Waregem.Company details
- What does DENDER DEVELOPMENT do?
- According to the KBO register, the main activity is development of residential building projects (NACE 68121).
- What is the legal form of DENDER DEVELOPMENT?
- DENDER DEVELOPMENT is a private limited company (BV).
- When was DENDER DEVELOPMENT founded?
- DENDER DEVELOPMENT was founded on 27-09-2011.
- Is DENDER DEVELOPMENT still active?
- Yes, DENDER DEVELOPMENT is an active enterprise in the KBO register.
- What is the turnover of DENDER DEVELOPMENT?
- The annual accounts for financial year 2025 state no turnover. The abbreviated format does not require it.Financials
- Is DENDER DEVELOPMENT profitable?
- In financial year 2025, DENDER DEVELOPMENT made a loss of €5,798.
- Where can I find the annual accounts of DENDER DEVELOPMENT?
- DENDER DEVELOPMENT filed 14 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of DENDER DEVELOPMENT due?
- DENDER DEVELOPMENT must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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