DEVELOP LEADERS
ActiveSummary
DEVELOP LEADERS has been active since 2017 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €136,852 and a net result of €5,160. Equity is growing by about 17% per year across the filed financial years. Its solvency ranks better than 74% of 2,592 sector peers (NACE 85, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
- Staff
- 1.1 FTE
- Equity
- €136,852
- Profit
- €5,160
- PETROSINO Diego LeonardoDirector
- SCHELFAUT Marina Albertine PalmyreDirector
Why 95raises riskLast filed accounts filed 60 days late; 1 of the last 3 latelowers riskLiquidity: current ratio 3.24, cash €86,061Sector: Education (NACE 85)Size: total assets €192,718Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 85, micro): better than 72% on solvency, 85% on liquidity, 45% on profitability and 51% on growth.
The bankruptcy probability was computed on 28-10-2026 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.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 25 days after the deadline; the sector median (NACE 85) for financial year 2024 is 16 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Annual accounts filedfinancial year 2024 · micro…
- Annual accounts filedfinancial year 2023 · micro…
Financials · financial year 2025, micro format
2025 annual accounts filed late (60 days) Filed on 29 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00529867.
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result has fallen two years in a row; 2025 is 67% below 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 85, Education: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Peer companies
Historical observationOf the 5,047 companies that looked in July 2024 the way this one looks now, 2.2% went bankrupt within 24 months and 93.9% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: < 0.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 5,047 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | - | €950 | €0 | ▼ 100% |
| Remuneration, social security and pensions62 | - | - | - | - | €9,213 | €3,176 | €531 | €13,801 | ▲ 26× |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €17,687 | €15,026 | €15,636 | €17,929 | €21,956 | €23,185 | €17,102 | €20,627 | ▲ 20.6% |
| Other operating charges640/8 | - | - | - | €755 | €596 | €1,367 | €1,455 | €3,101 | ▲ 113% |
| Non-recurring operating charges66A | - | - | - | - | - | - | €86 | €0 | ▼ 100% |
| Gross operating margin9900 | €64,782 | €41,029 | €52,306 | €37,533 | €37,471 | €68,189 | €45,477 | €46,329 | ▲ 1.9% |
| Operating profit (loss)9901 | €45,814 | €21,213 | €36,325 | €18,849 | €5,705 | €40,462 | €26,303 | €8,800 | ▼ 66.5% |
| Financial income75/76B | - | - | - | €87 | €896 | €820 | €1,539 | €872 | ▼ 43.3% |
| Recurring financial income75 | €12 | €30 | €27 | €87 | €896 | €820 | €1,539 | €872 | ▼ 43.3% |
| Financial charges65/66B | - | - | - | €714 | €1,129 | €959 | €1,050 | €1,338 | ▲ 27.4% |
| Recurring financial charges65 | €1,029 | €1,448 | €1,230 | €714 | €1,129 | €959 | €1,050 | €1,338 | ▲ 27.4% |
| Profit (loss) for the period before taxes9903 | €44,796 | €19,796 | €35,121 | €18,222 | €5,472 | €40,322 | €26,792 | €8,334 | ▼ 68.9% |
| Income taxes67/77 | €18,300 | €5,430 | €10,320 | €5,084 | €3,202 | €13,101 | €9,593 | €3,174 | ▼ 66.9% |
| Profit (loss) for the period9904 | €26,496 | €14,366 | €24,802 | €13,138 | €2,270 | €27,221 | €17,200 | €5,160 | ▼ 70.0% |
| Profit (loss) for the period to be appropriated9905 | €26,496 | €11,606 | €24,802 | €13,138 | €2,270 | €27,221 | €17,200 | €5,160 | ▼ 70.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €72,198 | €130,221 | €161,484 | €167,578 | €149,177 | €180,188 | €201,341 | €192,718 | ▼ 4.3% |
| Fixed assets21/28 | €33,825 | €57,745 | €46,408 | €66,922 | €56,109 | €43,644 | €63,982 | €59,007 | ▼ 7.8% |
| Intangible fixed assets21 | - | - | - | - | €6,665 | €3,695 | €724 | €0 | ▼ 100% |
| Tangible fixed assets22/27 | €33,825 | €57,745 | €46,408 | €66,922 | €49,444 | €39,949 | €63,258 | €59,007 | ▼ 6.7% |
| Plant, machinery and equipment23 | - | - | - | €1,539 | €600 | €1,270 | €7,299 | €19,965 | ▲ 174% |
| Furniture and vehicles24 | - | - | - | €35,657 | €21,428 | €15,186 | €37,102 | €23,038 | ▼ 37.9% |
| Other tangible fixed assets26 | - | - | - | €29,726 | €27,416 | €23,493 | €18,856 | €16,005 | ▼ 15.1% |
| Current assets29/58 | €38,373 | €72,477 | €115,076 | €100,656 | €93,068 | €136,544 | €137,359 | €133,711 | ▼ 2.7% |
| Amounts receivable within one year40/41 | €14,021 | €32,136 | €54,195 | €57,889 | €72,239 | €75,647 | €63,417 | €38,977 | ▼ 38.5% |
| Trade receivables40 | - | - | - | €57,889 | €50,079 | €47,527 | €50,958 | €20,836 | ▼ 59.1% |
| Other amounts receivable41 | - | - | - | - | €22,159 | €28,120 | €12,459 | €18,141 | ▲ 45.6% |
| Cash at bank and in hand54/58 | €24,351 | €38,812 | €59,751 | €40,782 | €19,485 | €58,172 | €71,151 | €86,061 | ▲ 21.0% |
| Deferred charges and accrued income490/1 | - | - | - | €1,985 | €1,344 | €2,726 | €2,791 | €8,672 | ▲ 211% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €72,198 | €130,221 | €161,484 | €167,578 | €149,177 | €180,188 | €201,341 | €192,718 | ▼ 4.3% |
| Equity10/15 | €32,696 | €47,062 | €71,864 | €85,002 | €87,272 | €114,493 | €131,692 | €136,852 | ▲ 3.9% |
| Contributions10/11 | €6,200 | €6,200 | - | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Contributions outside capital11 | - | - | - | €6,200 | - | - | - | - | - |
| Other1109/19 | - | - | - | €6,200 | - | - | - | - | - |
| Reserves13 | €26,496 | €40,862 | €65,664 | €65,664 | €65,664 | €92,884 | €110,084 | €130,652 | ▲ 18.7% |
| Non-distributable reserves130/1 | - | - | - | €1,325 | €1,325 | €1,325 | €0 | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,325 | €1,325 | €1,325 | €0 | - | - |
| Distributable reserves133 | - | - | - | €64,339 | €64,339 | €91,560 | €110,084 | €130,652 | ▲ 18.7% |
| Profit (loss) carried forward14 | - | - | - | €13,138 | €15,408 | €15,408 | €15,408 | €0 | ▼ 100% |
| Amounts payable17/49 | €39,502 | €83,159 | €89,620 | €82,576 | €61,905 | €65,696 | €69,649 | €55,866 | ▼ 19.8% |
| Amounts payable after more than one year17 | €13,276 | €34,667 | €15,486 | €13,674 | €10,166 | €890 | €10,341 | €14,580 | ▲ 41.0% |
| Financial debts170/4 | - | - | - | €13,674 | €10,166 | €890 | €10,341 | €14,580 | ▲ 41.0% |
| Amounts payable within one year42/48 | €25,776 | €48,493 | €74,134 | €68,902 | €51,168 | €64,244 | €59,308 | €41,286 | ▼ 30.4% |
| Current portion of amounts payable after more than one year42 | - | - | - | €22,869 | €13,257 | €9,276 | €7,406 | €10,574 | ▲ 42.8% |
| Financial debts43 | - | - | - | - | - | - | - | €1,174 | - |
| Credit institutions430/8 | - | - | - | - | - | - | - | €1,174 | - |
| Trade debts44 | €292 | €10,863 | €13,051 | €13,895 | €18,571 | €26,573 | €10,409 | €2,969 | ▼ 71.5% |
| Suppliers440/4 | - | - | - | €13,895 | €18,571 | €26,573 | €10,409 | €2,969 | ▼ 71.5% |
| Advances received on contracts in progress46 | - | - | - | - | - | - | €950 | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | - | - | - | €31,462 | €19,341 | €28,394 | €40,543 | €26,570 | ▼ 34.5% |
| Taxes450/3 | - | - | - | €31,462 | €13,479 | €23,034 | €40,543 | €26,570 | ▼ 34.5% |
| Remuneration and social security454/9 | - | - | - | - | €5,862 | €5,360 | €0 | - | - |
| Other amounts payable47/48 | - | - | - | €676 | - | - | - | - | - |
| Accrued charges and deferred income492/3 | - | - | - | - | €571 | €562 | €0 | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €26,496 | €14,366 | €24,802 | €13,138 | €2,270 | €27,221 | €17,200 | €5,160 | ▼ 70.0% |
| + Depreciation and write-downs630 | €17,687 | €15,026 | €15,636 | €17,929 | €21,956 | €23,185 | €17,102 | €20,627 | ▲ 20.6% |
| Operating cash flow (approximation) | €44,183 | €29,392 | €40,438 | €31,068 | €24,226 | €50,405 | €34,302 | €25,787 | ▼ 24.8% |
| Investment in fixed assets (approximation) | - | -€38,945 | -€4,300 | -€38,443 | -€11,144 | -€10,719 | -€37,440 | -€15,653 | ▲ 58.2% |
| Change in cash | - | €14,461 | €20,939 | -€18,969 | -€21,297 | €38,687 | €12,980 | €14,910 | ▲ 14.9% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (8)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 29-09-2026 | 2026-00529867 |
| 31-12-2024 | micro format | 30-07-2025 | 2025-00362195 |
| 31-12-2023 | micro format | 23-07-2024 | 2024-00297383 |
| 31-12-2022 | micro format | 29-07-2023 | 2023-00302852 |
| 31-12-2021 | micro format | 29-09-2022 | 2022-20445164 |
| 31-12-2020 | micro format | 29-10-2021 | 2021-75400495 |
| 31-12-2019 | micro format | 07-07-2020 | 2020-27400206 |
| 31-12-2018 | micro format | 30-07-2019 | 2019-41200277 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| PETROSINO Diego Leonardo |
|
| SCHELFAUT Marina Albertine Palmyre |
|
Owners and capital
Capital and shareholders
- 21-02-2024 Converted to unavailable equity
Group and network
Connections & network
2 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
21-02
Gazette deed
Resignations: PETROSINO Diego Leonardo (manager) and SCHELFAUT Marina Albertine Palmyre (manager)Reappointments: PETROSINO Diego Leonardo (director) and SCHELFAUT Marina Albertine Palmyre (director) · Amendment of the articles · Capital conversion12 facts ▸
- General meeting, “buitengewone algemene vergadering van de besloten vennootschap met beperkte aansprakelijkheid DEVELOP LEADERS” (deed in Dutch)
- Amendment of the articles (2 times)
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Reserve release, “opheffen, middelen beschikbaar voor uitkering” (deed in Dutch)
- Registered office clause, “1547 Bever,Romont 8, Derde besluit” (deed in Dutch)
- Capital
- Other provision, “statutair onbeschikbare eigen vermogensrekening, Artikel 6” (deed in Dutch)
- Director resignation, PETROSINO Diego Leonardo (manager)
- Director resignation, SCHELFAUT Marina Albertine Palmyre (manager)
- Director reappointment, PETROSINO Diego Leonardo (director (not named in the articles))
- Director reappointment, SCHELFAUT Marina Albertine Palmyre (director (not named in the articles))
- Other provision, “kwijting ontslagnemende zaakvoerder(s), volgende jaarvergadering” (deed in Dutch)
About the unread acts
Of the 3 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 23009C0411/00X000 | Flanders | 2,047 m² | 1 · 379 m² | - |
How the parcels are linked
Articles of association
What the company does
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- DEVELOP LEADERS
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest, Artikel 2” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each director alone
- Board ruleHow the board is made up, meets and takes decisions.
- “Met of zonder beperking van duur, één of meer bestuurders” (deed in Dutch)“Vaste of evenredige vergoeding, algemene kosten, los van representatie-, reis- en verplaatsingskosten” (deed in Dutch)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Op naam, register van aandelen op naam met vermeldingen voorgeschreven door Wetboek van vennootschappen en verenigingen” (deed in Dutch)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Procedure- en expertisekosten helft overdrager en helft koper(s) naar evenredigheid verworven aantal bij meerdere kopers, elke overdracht…” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Second Friday of June at 19:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Beslissing algemene vergadering in vormen statutenwijziging, elk moment” (deed in Dutch)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- One provision in the deed