DEVELOP LEADERS
ActiveSummary
DEVELOP LEADERS has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €132k and a net result of €17k. Equity is growing by ~19.2% per year across the filed fiscal years. Its solvency ranks better than 67% of 2542 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability79▼-9
Solvency90▲+1
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11k at 30 days acceptable
Liquidity ample (current ratio 2.32 against 2.13 in 2023; short-term debt: 29.5% and cash: 35.3% of total assets), and 34.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Two signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 85
Relative position
BE, all sectors
reference
Education (NACE 85)
about 77% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-07-2025, 1 day ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
not confirmed
2024
1 d early
2023
8 d early
2022
2 d early
2021
60 d late
2020
90 d late
2019
24 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€132k▲ 15.0%
2023 · €114k
2018: €33klowest in 7 years
2019: €47k▲ +43.9% vs 2018
2020: €72k▲ +52.7% vs 2019
2021: €85k▲ +18.3% vs 2020
2022: €87k▲ +2.7% vs 2021
2023: €114k▲ +31.2% vs 2022
2024: €132k▲ +15.0% vs 2023highest in 7 years
2018 → 2024
Total assets
€201k▲ 11.7%
2023 · €180k
2018: €72klowest in 7 years
2019: €130k▲ +80.4% vs 2018
2020: €161k▲ +24.0% vs 2019
2021: €168k▲ +3.8% vs 2020
2022: €149k▼ -11.0% vs 2021
2023: €180k▲ +20.8% vs 2022
2024: €201k▲ +11.7% vs 2023highest in 7 years
2018 → 2024
Net result
€17k▼ 36.8%
2023 · €27k
2018: €26k
2019: €14k▼ -45.8% vs 2018
2020: €25k▲ +72.6% vs 2019
2021: €13k▼ -47.0% vs 2020
2022: €2k▼ -82.7% vs 2021lowest in 7 years
2023: €27k▲ +1099% vs 2022highest in 7 years
2024: €17k▼ -36.8% vs 2023
2018 → 2024
Working capital
€78k▲ 8.0%
2023 · €72k
2018: €13klowest in 7 years
2019: €24k▲ +90.4% vs 2018
2020: €41k▲ +70.7% vs 2019
2021: €32k▼ -22.4% vs 2020
2022: €42k▲ +32.0% vs 2021
2023: €72k▲ +72.6% vs 2022
2024: €78k▲ +8.0% vs 2023highest in 7 years
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€72k-€85k▲ 18.3%€87k▲ 2.7%€114k▲ 31.2%€132k▲ 15.0%
2020: €72klowest in 5 years
2021: €85k▲ +18.3% vs 2020
2022: €87k▲ +2.7% vs 2021
2023: €114k▲ +31.2% vs 2022
2024: €132k▲ +15.0% vs 2023highest in 5 years
Operating result€36k-€19k▼ 48.1%€6k▼ 69.7%€40k▲ 609%€26k▼ 35.0%
2020: €36k
2021: €19k▼ -48.1% vs 2020
2022: €6k▼ -69.7% vs 2021lowest in 5 years
2023: €40k▲ +609% vs 2022highest in 5 years
2024: €26k▼ -35.0% vs 2023
Net result€25k-€13k▼ 47.0%€2k▼ 82.7%€27k▲ 1,099%€17k▼ 36.8%
2020: €25k
2021: €13k▼ -47.0% vs 2020
2022: €2k▼ -82.7% vs 2021lowest in 5 years
2023: €27k▲ +1099% vs 2022highest in 5 years
2024: €17k▼ -36.8% vs 2023
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 35% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €201k
Fixed assets
€64k ▲ 46.6%
Current assets
€137k ▲ 0.6%
Equity and liabilities €201k
Equity
€132k ▲ 15.0%
Debt
€70k ▲ 6.0%
Debt's share of the balance-sheet total falls from 36.5% to 34.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€43k▼
2023 · €64k
Cash flow
€34k▼
2023 · €50k
Current ratio
2.32▲
2023 · 2.13
Debt to equity
0.53▼
2023 · 0.57
ROE
13.1%▼
2023 · 23.8%
ROA
8.5%▼
2023 · 15.1%
Interest coverage
41.36▼
2023 · 66.35
Debt ≤ 1 year
€59k▼
2023 · €64k
Debt > 1 year
€10k▲
2023 · €890
Income taxes
€10k▼
2023 · €13k
Staff costs
€531▼
2023 · €3k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 52 lines
Balance sheet
Code20232024
Assets
Total assets20/58€180k€201k▲
Fixed assets21/28€44k€64k▲
Intangible fixed assets21€4k€724▼
Tangible fixed assets22/27€40k€63k▲
Plant, machinery and equipment23€1k€7k▲
Furniture and vehicles24€15k€37k▲
Other tangible fixed assets26€23k€19k▼
Current assets29/58€137k€137k▲
Amounts receivable within one year40/41€76k€63k▼
Trade receivables40€48k€51k▲
Other amounts receivable41€28k€12k▼
Cash at bank and in hand54/58€58k€71k▲
Deferred charges and accrued income490/1€3k€3k▲
Equity and liabilities
Total equity and liabilities10/49€180k€201k▲
Equity10/15€114k€132k▲
Contributions10/11€6k€6k=
Reserves13€93k€110k▲
Non-distributable reserves130/1€1k€0▼
Reserves not available under the articles1311€1k€0▼
Distributable reserves133€92k€110k▲
Profit (loss) carried forward14€15k€15k=
Amounts payable17/49€66k€70k▲
Amounts payable after more than one year17€890€10k▲
Financial debts170/4€890€10k▲
Amounts payable within one year42/48€64k€59k▼
Current portion of amounts payable after more than one year42€9k€7k▼
Trade debts44€27k€10k▼
Suppliers440/4€27k€10k▼
Advances received on contracts in progress46-€950
Taxes, remuneration and social security45€28k€41k▲
Taxes450/3€23k€41k▲
Remuneration and social security454/9€5k€0▼
Accrued charges and deferred income492/3€562€0▼
Income statement
Code20232024
Non-recurring operating income76A-€950
Remuneration, social security and pensions62€3k€531▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€23k€17k▼
Other operating charges640/8€1k€1k▲
Non-recurring operating charges66A-€86
Gross operating margin9900€68k€45k▼
Operating profit (loss)9901€40k€26k▼
Financial income75/76B€820€2k▲
Recurring financial income75€820€2k▲
Financial charges65/66B€959€1k▲
Recurring financial charges65€959€1k▲
Profit (loss) for the period before taxes9903€40k€27k▼
Income taxes67/77€13k€10k▼
Profit (loss) for the period9904€27k€17k▼
Profit (loss) for the period to be appropriated9905€27k€17k▼
Appropriation of the result
Profit (loss) to be appropriated9906€43k€33k▼
Profit (loss) brought forward from the previous period14P€15k€15k=
Transfer to equity691/2€27k€17k▼
To other reserves6921€27k€17k▼
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €950 | - |
| Remuneration, social security and pensions62 | - | - | €9k | €3k | €531 | ▼ 83.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €16k | €18k | €22k | €23k | €17k | ▼ 26.2% |
| Other operating charges640/8 | - | €755 | €596 | €1k | €1k | ▲ 6.4% |
| Non-recurring operating charges66A | - | - | - | - | €86 | - |
| Gross operating margin9900 | €52k | €38k | €37k | €68k | €45k | ▼ 33.3% |
| Operating profit (loss)9901 | €36k | €19k | €6k | €40k | €26k | ▼ 35.0% |
| Financial income75/76B | - | €87 | €896 | €820 | €2k | ▲ 87.7% |
| Recurring financial income75 | €27 | €87 | €896 | €820 | €2k | ▲ 87.7% |
| Financial charges65/66B | - | €714 | €1k | €959 | €1k | ▲ 9.4% |
| Recurring financial charges65 | €1k | €714 | €1k | €959 | €1k | ▲ 9.4% |
| Profit (loss) for the period before taxes9903 | €35k | €18k | €5k | €40k | €27k | ▼ 33.6% |
| Income taxes67/77 | €10k | €5k | €3k | €13k | €10k | ▼ 26.8% |
| Profit (loss) for the period9904 | €25k | €13k | €2k | €27k | €17k | ▼ 36.8% |
| Profit (loss) for the period to be appropriated9905 | €25k | €13k | €2k | €27k | €17k | ▼ 36.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €161k | €168k | €149k | €180k | €201k | ▲ 11.7% |
| Fixed assets21/28 | €46k | €67k | €56k | €44k | €64k | ▲ 46.6% |
| Intangible fixed assets21 | - | - | €7k | €4k | €724 | ▼ 80.4% |
| Tangible fixed assets22/27 | €46k | €67k | €49k | €40k | €63k | ▲ 58.3% |
| Plant, machinery and equipment23 | - | €2k | €600 | €1k | €7k | ▲ 475% |
| Furniture and vehicles24 | - | €36k | €21k | €15k | €37k | ▲ 144% |
| Other tangible fixed assets26 | - | €30k | €27k | €23k | €19k | ▼ 19.7% |
| Current assets29/58 | €115k | €101k | €93k | €137k | €137k | ▲ 0.6% |
| Amounts receivable within one year40/41 | €54k | €58k | €72k | €76k | €63k | ▼ 16.2% |
| Trade receivables40 | - | €58k | €50k | €48k | €51k | ▲ 7.2% |
| Other amounts receivable41 | - | - | €22k | €28k | €12k | ▼ 55.7% |
| Cash at bank and in hand54/58 | €60k | €41k | €19k | €58k | €71k | ▲ 22.3% |
| Deferred charges and accrued income490/1 | - | €2k | €1k | €3k | €3k | ▲ 2.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €161k | €168k | €149k | €180k | €201k | ▲ 11.7% |
| Equity10/15 | €72k | €85k | €87k | €114k | €132k | ▲ 15.0% |
| Contributions10/11 | - | €6k | €6k | €6k | €6k | = |
| Outside capital11 | - | €6k | - | - | - | - |
| Other1109/19 | - | €6k | - | - | - | - |
| Reserves13 | €66k | €66k | €66k | €93k | €110k | ▲ 18.5% |
| Non-distributable reserves130/1 | - | €1k | €1k | €1k | €0 | ▼ 100% |
| Reserves not available under the articles1311 | - | €1k | €1k | €1k | €0 | ▼ 100% |
| Distributable reserves133 | - | €64k | €64k | €92k | €110k | ▲ 20.2% |
| Profit (loss) carried forward14 | - | €13k | €15k | €15k | €15k | = |
| Amounts payable17/49 | €90k | €83k | €62k | €66k | €70k | ▲ 6.0% |
| Amounts payable after more than one year17 | €15k | €14k | €10k | €890 | €10k | ▲ 1,062% |
| Financial debts170/4 | - | €14k | €10k | €890 | €10k | ▲ 1,062% |
| Amounts payable within one year42/48 | €74k | €69k | €51k | €64k | €59k | ▼ 7.7% |
| Current portion of amounts payable after more than one year42 | - | €23k | €13k | €9k | €7k | ▼ 20.2% |
| Trade debts44 | €13k | €14k | €19k | €27k | €10k | ▼ 60.8% |
| Suppliers440/4 | - | €14k | €19k | €27k | €10k | ▼ 60.8% |
| Advances received on contracts in progress46 | - | - | - | - | €950 | - |
| Taxes, remuneration and social security45 | - | €31k | €19k | €28k | €41k | ▲ 42.8% |
| Taxes450/3 | - | €31k | €13k | €23k | €41k | ▲ 76.0% |
| Remuneration and social security454/9 | - | - | €6k | €5k | €0 | ▼ 100% |
| Other amounts payable47/48 | - | €676 | - | - | - | - |
| Accrued charges and deferred income492/3 | - | - | €571 | €562 | €0 | ▼ 100% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €25k | €13k | €2k | €27k | €17k | ▼ 36.8% |
| + Depreciation and write-downs630 | €16k | €18k | €22k | €23k | €17k | ▼ 26.2% |
| Operating cash flow (approximation) | €40k | €31k | €24k | €50k | €34k | ▼ 31.9% |
| Investment in fixed assets (approximation) | - | €-38k | €-11k | €-11k | €-37k | ▼ 249% |
| Change in cash | - | €-19k | €-21k | €39k | €13k | ▼ 66.4% |
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
2025
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
23-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €27k ▲1,099%
Net result €27k, the highest in the series.
31-12
Financial
Equity above €100kEq €114k ▲31.2%
6 profitable years in a row build equity to €114k.
29-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €2k ▼82.7%
Net result drops to €2k, the lowest in the series; recovery starts the following year.
29-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 60 days late
2021
29-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 90 days late
2020
07-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
30-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Bever · 1 establishment unit since 2017
Ground area
2,047 m²
Building footprint
379 m²
Parcel 23009C0411/00X000, Flanders. Linked by address, not a title deed.
1 establishment unit
DEVELOP LEADERS
since 20172.261.476.311
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23009C0411/00X000 | Flanders | 2,047 m² | 1 · 379 m² | - |
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.
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Of 11,670 companies in sector 85599 we hold annual accounts for 1,330. 1,003 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded07-02-2017
Fiscal year end31-12
Activities, NACEBEL 2025
85599Other education
86995Nutrition and dietetics services
Scores and ratios are computed by Checked and are not a credit decision.