Summary
DEVELOPMENT 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 €304,817 and a net result of -€14,264. Equity is growing by about 3.8% per year across the filed financial years. Its solvency ranks better than 55% of 1,846 sector peers (NACE 66, financial year 2025). The company has been active since 1987 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
- Staff
- 1 FTE
- Equity
- €304,817
- Loss
- -€14,264
SignalsneutralLatest accounts filed on timeShow the evidence
Checked score
This is a financial institution (bank, insurer or financial holding). A bank balance sheet works differently from that of an ordinary trading or manufacturing company. We therefore show no bankruptcy probability rather than a misleading figure.
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Signals
This company filed its last 7 accounts on average 30 days before the deadline; the sector median (NACE 66) for financial year 2024 is 5 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · abbreviated…
- Weakest financial yearnet -€14,264
- Annual accounts filedfinancial year 2024 · abbreviated…
Financials · financial year 2025, abbreviated format
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result turns negative in 2025: a loss of €13,553 after €11,269 in 2024, the lowest result in the available series.
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 66, Activities auxiliary to financial services and insurance activities: 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).
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €2,450 | €0 | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | €58,121 | €56,517 | €37,930 | €61,057 | ▲ 61.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,220 | €6,189 | €3,533 | €2,885 | €3,182 | €3,182 | €3,182 | = |
| Other operating charges640/8 | - | - | - | €3,745 | €1,830 | €2,153 | €648 | ▼ 69.9% |
| Non-recurring operating charges66A | - | - | - | €5,200 | €371 | €0 | €44,686 | - |
| Gross operating margin9900 | €61,033 | €64,969 | €62,572 | €98,732 | €88,826 | €54,533 | €96,020 | ▲ 76.1% |
| Operating profit (loss)9901 | €1,060 | -€2,908 | -€1,025 | €28,780 | €26,927 | €11,269 | -€13,553 | - |
| Financial income75/76B | - | - | - | €14,044 | €11,640 | €9,668 | €8,044 | ▼ 16.8% |
| Recurring financial income75 | €9,493 | €11,806 | €14,867 | €14,044 | €11,640 | €9,668 | €8,044 | ▼ 16.8% |
| Financial charges65/66B | - | - | - | €8,171 | €8,329 | €8,537 | €8,754 | ▲ 2.6% |
| Recurring financial charges65 | €5,000 | €7,032 | €8,675 | €8,171 | €8,329 | €8,537 | €8,754 | ▲ 2.6% |
| Profit (loss) for the period before taxes9903 | €5,553 | €1,866 | €5,167 | €34,653 | €30,238 | €12,400 | -€14,264 | - |
| Income taxes67/77 | - | €452 | €2,482 | €10,047 | €7,534 | €3,309 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | €5,553 | €1,414 | €2,685 | €24,606 | €22,704 | €9,091 | -€14,264 | - |
| Profit (loss) for the period to be appropriated9905 | €5,553 | €1,414 | €2,685 | €24,606 | €22,704 | €9,091 | -€14,264 | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €533,006 | €620,681 | €619,945 | €734,356 | €672,561 | €698,330 | €690,762 | ▼ 1.1% |
| Fixed assets21/28 | €257,186 | €265,841 | €262,309 | €341,486 | €335,834 | €332,652 | €329,470 | ▼ 1.0% |
| Tangible fixed assets22/27 | €114,006 | €122,661 | €119,128 | €198,306 | €192,653 | €189,472 | €186,290 | ▼ 1.7% |
| Land and buildings22 | - | - | - | €195,835 | €192,653 | €189,472 | €186,290 | ▼ 1.7% |
| Furniture and vehicles24 | - | - | - | €2,471 | €0 | - | - | - |
| Financial fixed assets28 | €143,180 | €143,180 | €143,180 | €143,180 | €143,180 | €143,180 | €143,180 | = |
| Current assets29/58 | €275,820 | €354,840 | €357,636 | €392,870 | €336,727 | €365,678 | €361,292 | ▼ 1.2% |
| Amounts receivable within one year40/41 | €264,071 | €343,000 | €342,521 | €378,228 | €320,806 | €354,716 | €344,018 | ▼ 3.0% |
| Trade receivables40 | - | - | - | €83,071 | €31,576 | €53,846 | €265,889 | ▲ 394% |
| Other amounts receivable41 | - | - | - | €295,157 | €289,229 | €300,870 | €78,130 | ▼ 74.0% |
| Cash at bank and in hand54/58 | €2,256 | €34 | €220 | €480 | €4,281 | €963 | €8,736 | ▲ 808% |
| Deferred charges and accrued income490/1 | - | - | - | €14,162 | €11,640 | €10,000 | €8,537 | ▼ 14.6% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €533,006 | €620,681 | €619,945 | €734,356 | €672,561 | €698,330 | €690,762 | ▼ 1.1% |
| Equity10/15 | €258,580 | €259,995 | €262,679 | €287,286 | €309,990 | €319,081 | €304,817 | ▼ 4.5% |
| Contributions10/11 | €297,472 | €297,472 | €297,472 | €297,472 | €297,472 | €297,472 | €297,472 | = |
| Capital10 | - | - | - | €297,472 | €297,472 | €297,472 | €297,472 | = |
| Issued capital100 | - | - | - | €297,472 | €297,472 | €297,472 | €297,472 | = |
| Reserves13 | €29,747 | €29,747 | €29,747 | €29,747 | €29,747 | €29,747 | €29,747 | = |
| Non-distributable reserves130/1 | - | - | - | €29,747 | €29,747 | €29,747 | €29,747 | = |
| Legal reserve130 | - | - | - | €29,747 | €29,747 | €29,747 | €29,747 | = |
| Profit (loss) carried forward14 | -€68,639 | -€67,225 | -€64,540 | -€39,934 | -€17,229 | -€8,138 | -€22,402 | ▼ 175% |
| Amounts payable17/49 | €274,426 | €360,686 | €357,266 | €447,070 | €362,570 | €379,249 | €385,945 | ▲ 1.8% |
| Amounts payable within one year42/48 | €269,479 | €353,792 | €348,791 | €438,967 | €354,265 | €370,736 | €377,219 | ▲ 1.7% |
| Trade debts44 | €28,742 | €32,931 | €1,679 | €97,447 | €10,796 | €8,837 | €11,900 | ▲ 34.7% |
| Suppliers440/4 | - | - | - | €97,447 | €10,796 | €8,837 | €11,900 | ▲ 34.7% |
| Taxes, remuneration and social security45 | - | - | - | €17,404 | €11,250 | €21,375 | €16,282 | ▼ 23.8% |
| Taxes450/3 | - | - | - | €10,503 | €3,919 | €13,756 | €9,373 | ▼ 31.9% |
| Remuneration and social security454/9 | - | - | - | €6,900 | €7,331 | €7,619 | €6,909 | ▼ 9.3% |
| Other amounts payable47/48 | - | - | - | €324,116 | €332,219 | €340,524 | €349,037 | ▲ 2.5% |
| Accrued charges and deferred income492/3 | - | - | - | €8,103 | €8,305 | €8,513 | €8,726 | ▲ 2.5% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5,553 | €1,414 | €2,685 | €24,606 | €22,704 | €9,091 | -€14,264 | - |
| + Depreciation and write-downs630 | €3,220 | €6,189 | €3,533 | €2,885 | €3,182 | €3,182 | €3,182 | = |
| Operating cash flow (approximation) | €8,773 | €7,603 | €6,217 | €27,492 | €25,886 | €12,273 | -€11,082 | - |
| Investment in fixed assets (approximation) | - | -€14,844 | €0 | -€82,063 | €2,471 | €0 | €0 | - |
| Change in cash | - | -€2,222 | €187 | €259 | €3,801 | -€3,318 | €7,774 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 38 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 30-06-2025 | abbreviated format | 07-01-2026 | 2026-00004410 |
| 30-06-2024 | abbreviated format | 27-01-2025 | 2025-00011321 |
| 30-06-2023 | abbreviated format | 25-01-2024 | 2024-00023714 |
| 30-06-2022 | abbreviated format | 25-01-2023 | 2023-00003558 |
| 30-06-2021 | abbreviated format | 13-12-2021 | 2021-80000455 |
| 30-06-2020 | abbreviated format | 17-12-2020 | 2020-76100017 |
| 30-06-2019 | abbreviated format | 19-11-2019 | 2019-73900527 |
| 30-06-2018 | abbreviated format | 28-11-2018 | 2018-73200159 |
| 30-06-2017 | abbreviated format | 28-11-2017 | 2017-70600305 |
| 30-06-2016 | abbreviated format | 30-11-2016 | 2016-69300120 |
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
- Day-to-day management
- began earlier
| Name | Functions and periods |
|---|---|
| Eveline Soenen |
|
| Karolien Soenen |
|
| Regina Schelpe |
|
Owners and capital
Capital and shareholders
- 18-03-2024 Capital stated in the deed · €297,471.86
Group and network
Holdings and subsidiaries
2 holdingsHoldings 2
Source for every holding own accounts 30-06-2025
- Equity -€307,702Result -€208,86631%
- Equity €259,869Result -€12,89127%
According to the annual accounts to 30-06-2025 of DEVELOPMENT and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. 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 include these statements in its annual accounts, or does not have to, is not listed.
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
18-03
Gazette deed
Resignations: Eveline Soenen (director) and Karolien Soenen (director)Appointment: Eveline Soenen (statutory director) · Capital · Amendment of the articles15 facts ▸
- General meeting, 01-03-2024
- Other provision, “aandelen op naam” (deed in Dutch)
- Capital, €297,471.86 (2 times)
- Amendment of the articles (2 times)
- Other provision, 11-12-2023
- Purpose change
- Director resignation, Eveline Soenen (director (not named in the articles))
- Director resignation, Karolien Soenen (director (not named in the articles))
- Director discharge, Eveline Soenen
- Director discharge, Karolien Soenen
- Director appointment, Eveline Soenen (statutory director) (2 times)
- Other provision, 29-02-2024
- +3 further facts in this act
27-02
Gazette deed
Reappointments: Eveline Soenen (managing director) and Karolien Soenen (director)Resignation: Regina Schelpe (director)6 facts ▸
- Board meeting, 07-10-2022
- Director reappointment, Eveline Soenen (managing director)
- General meeting, 28-10-2022
- Director reappointment, Eveline Soenen (director)
- Director reappointment, Karolien Soenen (director)
- Director resignation, Regina Schelpe
About the unread acts
Of the 6 Belgian Official Gazette deeds we know for this company, 2 have been read. The other 4 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
Source: Omgevingsloket Vlaanderen. Flanders only: Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 36493B0102/00V000 | Flanders | 284 m² | 1 · 284 m² | 6.2 m · 2 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “1. Het verstrekken van adviezen in de ruimste zin van het woord; 2. Het verstrekken van operationeel en intellectueel advies betreffende de…” (deed in Dutch)
19 activities (deed in Dutch)
- 1. Het verstrekken van adviezen in de ruimste zin van het woord.
- 2. Het verstrekken van operationeel en intellectueel advies betreffende de commerciële organisatie en uitbating van productiebedrijven of dienstverlenende ondernemingen.
- 3. Het verlenen van commercieel advies betreffende de marketing van producten van productie of dienstverlenende ondernemingen.
- 4. Het verlenen van administratief, financieel en managementadvies betreffende het bestuur van diverse ondernemingen in de meest ruime zin van het woord.
- 5. Het bestuur waarnemen van andere vennootschappen of ondernemingen en daarvoor vergoedingen ontvangen.
- 6. Alle immobiliaire operaties of ermee verband houdende verrichtingen met name: de aankoop, verkoop, ruiling, het bouwen, het laten bouwen, afbraakwerken, het huren, verhuren, ter beschikking stellen van gebouwen en gronden, de omvorming of ombouwing en valorisatie van onroerende goederen, in voorkomend geval door middel van lotissering, verkaveling, nieuwbouw, en heropbouw of verbouwing. Het beheer van alle roerende en onroerende goederen, onder meer het opstellen van huurcontracten, opmaken van plaatsbeschrijving, inventariseren van meubilair, het vervullen van de functie van syndicus, het opmaken van schattingen en expertises, opmaken van projecten, bouwbegeleiding, enzovoort, zonder dat deze opsommingen beperkend zijn.
- 7. De coördinatie, de opvolging en het beheer van activiteiten en projecten zoals bepaald in punt 6.
- 8. Het bevorderen van de oprichting van vennootschappen door inbreng, participaties of investering; het optreden als portefeuillemaatschappij.
- 9. Het optreden als tussenpersoon in de handel.
- 10. Het beheren van een onroerend patrimonium en het valoriseren van dit patrimonium door het stellen van alle bestuursdaden onder meer aankoop, verkoop, verhuren, in huur nemen, ruilen, oprichten, laten uitvoeren van bouwwerken dit alles in de ruimste zin.
- 11. Het beheren van bedrijfsruimtes en het valoriseren ervan door het stellen van alle bestuursdaden onder meer, oprichten, aankoop, verkoop, ruilen, laten uitvoeren van bouwwerken en het ter beschikking stellen ervan; dit alles in de ruimste zin.
- 12. Het beheren van een roerend patrimonium inzonderheid van het verwerven en verhandelen van effecten, de participatie in andere vennootschappen en/of ondernemingen, het stellen van zakelijke of persoonlijke waarborgen in het voordeel van derden.
- 13. Het verwerven, en beheren van een kunstpatrimonium en dat in de meest ruime zin; de aankoop, verkoop, het verhuren, het tentoonstellen tegen vergoeding van kunstwerken en in het algemeen van handel in de kunst.
- 14. Het verwerven van licenties, brevetten en octrooien, alle rechten op knowhow en ontwikkelde procédés.
- 15. De vennootschap mag beleggen in roerende of onroerende goederen of mag haar middelen investeren, alsook het tot beschikking stellen van deze roerende of onroerende goederen aan haar bestuurder, en al wat daarmede rechtstreeks of onrechtstreeks verband houdt.
- 16. Zij mag op welke wijze ook betrokken zijn in zaken, ondernemingen of vennootschappen die hetzelfde, een soortgelijk, een gelijkaardig of samenhangend voorwerp hebben of die de ontwikkeling van haar onderneming kunnen bevorderen.
- 17. De vennootschap mag alle verrichtingen uitvoeren in België of in het buitenland, voor eigen rekening en voor rekening van derden, dit alles in de meest uitgebreide zin. De vennootschap zal haar voorwerp op alle plaatsen, zowel in België als in het buitenland mogen nastreven, op alle wijzen en volgens de modaliteiten die haar het best geschikt voorkomen.
- 18. De vennootschap kan in het kader van haar voorwerp optreden in financieringsverrichtingen onder om het even welke vorm, met inbegrip van het intekenen en het verhandelen van aandelen, obligaties, kasbons en andere roerende waarden, het toestaan van leningen in rekening courant, zelfs aan particulieren, zij kan kredieten verlenen of doen verlenen, voorschotten toestaan, zich borg stellen of haar aval verlenen, hypothecaire en andere zekerheden verstrekken of persoonlijke en zakelijke waarborgen doen verstrekken, zij kan zich bezighouden met het aankopen, verkopen, ruilen, het verhuren of het in huur nemen van om het even welke roerende of onroerende goederen, handelseffecten in disconto nemen, en in het algemeen alle handels - en financiële operaties verrichten, in de meest ruime zin, behalve die welke wettelijk voorbehouden zijn aan depositobanken, houders van deposito's op korte termijn, spaarkassen, hypotheekmaatschappijen en kapitalisatieondernemingen.
- 19. Zij mag onder meer en zonder dat de navolgende opsomming beperkend is, alle industriële, commerciële, financiële, burgerlijke, roerende en onroerende handelingen verrichten die rechtstreeks of onrechtstreeks met haar voorwerp in verband staan of de verwezenlijking ervan kunnen vergemakkelijken, zich door vereniging, inbreng of fusie, inschrijvingen, participaties, financiële tussenkomst of op het even welke wijze interesseren in alle bestaande of op te richten vennootschappen waarvan het voorwerp hetzelfde of verwant aan het hare zou zijn of die haar bedrijvigheid in de hand zouden kunnen werken of bevorderen en uitbreiden, en er het bestuur van voeren.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- DEVELOPMENT
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest” (deed in Dutch)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Raad van bestuur” (deed in Dutch)“Afzetting wegens wettige redenen, niet gehouden tot de verbintenissen van de vennootschap” (deed in Dutch)“Wettige reden, raad van bestuur” (deed in Dutch)“3, te allen tijde en zonder opgave van redenen met onmiddellijke ingang” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Last Friday of October