DEVELOPMENT
ActiveDEVELOPMENT is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €305k and a net result of €-14k. Equity is growing by ~3.8% per year across the filed fiscal years. Its solvency ranks better than 55% of 1457 sector peers (fiscal year 2025). The company has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals.
Signals
Three signals. The signal on the left, the evidence on the right.
○neutral
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 07-01-2026, 24 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
24 d early
2024
4 d early
2023
6 d early
2022
6 d early
2021
49 d early
2020
45 d early
2019
73 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close14-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€305k▼ 4.5%
2024 · €319k
2019: €259k
2020: €260k
2021: €263k
2022: €287k
2023: €310k
2024: €319k
2019 → 2025
Net result
€-14k
2024 · €9k
2019: €6k
2020: €1k
2021: €3k
2022: €25k
2023: €23k
2024: €9k
2019 → 2025
Total assets
€691k▼ 1.1%
2024 · €698k
2019: €533k
2020: €621k
2021: €620k
2022: €734k
2023: €673k
2024: €698k
2019 → 2025
Solvency
44.1%▼ 1.6pp
2024 · 45.7%
2019: 48.5%
2020: 41.9%
2021: 42.4%
2022: 39.1%
2023: 46.1%
2024: 45.7%
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€263k-€287k▲ 9.4%€310k▲ 7.9%€319k▲ 2.9%€305k▼ 4.5%
Operating result€-1k-€29k€27k▼ 6.4%€11k▼ 58.2%€-14k
Net result€3k-€25k▲ 817%€23k▼ 7.7%€9k▼ 60.0%€-14k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €14k after €11k in 2024, the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €691k
Fixed assets
€329k▼ 1.0%
Current assets
€361k▼ 1.2%
Equity and liabilities €691k
Equity
€305k▼ 4.5%
Debt
€386k▲ 1.8%
The debt ratio rises from 54.3% to 55.9%: debt grows while equity shrinks.
Key figures and ratios
Solvency
44.1%▼
2024 · 45.7%
ROE
-4.7%▼
2024 · 2.8%
ROA
-2.1%▼
2024 · 1.3%
Debt
€386k▲
2024 · €379k
Debt ≤ 1 year
€377k▲
2024 · €371k
Income taxes
€0▼
2024 · €3k
Staff costs
€61k▲
2024 · €38k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€698k€691k▼
Fixed assets21/28€333k€329k▼
Tangible fixed assets22/27€189k€186k▼
Land and buildings22€189k€186k▼
Financial fixed assets28€143k€143k=
Current assets29/58€366k€361k▼
Amounts receivable within one year40/41€355k€344k▼
Trade receivables40€54k€266k▲
Other amounts receivable41€301k€78k▼
Cash at bank and in hand54/58€963€9k▲
Deferred charges and accrued income490/1€10k€9k▼
Equity and liabilities
Total equity and liabilities10/49€698k€691k▼
Equity10/15€319k€305k▼
Contributions10/11€297k€297k=
Capital10€297k€297k=
Issued capital100€297k€297k=
Reserves13€30k€30k=
Non-distributable reserves130/1€30k€30k=
Legal reserve130€30k€30k=
Profit (loss) carried forward14€-8k€-22k▼
Amounts payable17/49€379k€386k▲
Amounts payable within one year42/48€371k€377k▲
Trade debts44€9k€12k▲
Suppliers440/4€9k€12k▲
Taxes, remuneration and social security45€21k€16k▼
Taxes450/3€14k€9k▼
Remuneration and social security454/9€8k€7k▼
Other amounts payable47/48€341k€349k▲
Accrued charges and deferred income492/3€9k€9k▲
Income statement
Code20242025
Remuneration, social security and pensions62€38k€61k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€3k=
Other operating charges640/8€2k€648▼
Non-recurring operating charges66A€0€45k▲
Gross operating margin9900€55k€96k▲
Operating profit (loss)9901€11k€-14k▼
Financial income75/76B€10k€8k▼
Recurring financial income75€10k€8k▼
Financial charges65/66B€9k€9k▲
Recurring financial charges65€9k€9k▲
Profit (loss) for the period before taxes9903€12k€-14k▼
Income taxes67/77€3k€0▼
Profit (loss) for the period9904€9k€-14k▼
Profit (loss) for the period to be appropriated9905€9k€-14k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-8k€-22k▼
Profit (loss) brought forward from the previous period14P€-17k€-8k▲
Social balance
Average headcount (FTE)90871.01.0=
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
07-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-06
Financial
Weakest financial yearnet €-14k ▼257%
Net result drops to €-14k, the lowest in the series.
27-01
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
25-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
25-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-06
Financial
Highest result since 2019net €25k ▲817%
Operating result €29k, net result €25k, both a record.
2021
13-12
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2020
17-12
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2019
19-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
28-11
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
28-11
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
30-11
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2022
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
28-10-2022
Resigned as Director
Location & real-estate footprint
Registered office, Izegem · 1 establishment unit since 1987
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Gentseheerweg 638870 IzegemGround area
284 m²
Building footprint
284 m²
Volume, LiDAR
1,695 m³
Parcel 36493B0102/00V000, Flanders · tallest building 6.2 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
DEVELOPMENT N.V.
since 19872.032.224.630
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36493B0102/00V000 | Flanders | 284 m² | 1 · 284 m² | 6.2 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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 1,506 companies in sector 66199 we hold annual accounts for 912. 629 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded30-03-1987
Fiscal year end30-06
Activities, NACEBEL
66199Other activities auxiliary to financial services, excluding insurance and pension funding
70200Business and other management consultancy
70220Business consulting
64200Holdings
64210Activities of holding companies
68321Property management for co-owned buildings (syndics)
68322Real estate activities
Sources
Crossroads Bank for EnterprisesNational Bank · 38 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.