Downtown Development
Downtown Development is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €2.07M and a net result of €-250k. Equity is growing by ~44.7% per year across the filed fiscal years. Its solvency ranks better than 27% of 1400 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €2.07M |
| Net result | €-250k |
| Staff (FTE) | 1 |
| Better than sector | 27% |
Fragile profile, watch health in particular.
This is a financial institution (bank, insurer or financial holding). Our bankruptcy model is trained on ordinary trading and manufacturing companies; a bank balance sheet falls outside that scope. We therefore show no bankruptcy probability rather than a misleading figure.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 17.3% | 37.2% | |
| Net result | €-250k | €46k | |
| Equity | €2.07M | €362k | |
| Gross operating margin | €-146k | €66k | |
| Staff costs | €68k | €72k |
| Fiscal year | 2024 |
|---|---|
| Revenue | n/a |
| EBITDA | n/a |
| Net profit | €-250k |
| Cash flow | n/a |
| Staff costs | €68k |
| Income taxes | - |
| Dividends | - |
| Total assets | €11.98M |
| Equity | €2.07M |
| Debt | €9.90M |
| of which ≤ 1y | €378k |
| of which > 1y | €8.50M |
| Working capital | n/a |
| Employees (FTE) | 1.0 |
| 2024 | |
|---|---|
| Current ratio | n/a |
| Quick ratio | n/a |
| Working capital ratio | n/a |
| Solvency | 17.3% |
| Debt / equity | n/a |
| Long-term debt ratio | n/a |
| Interest coverage | n/a |
| Gross margin | n/a |
| Net margin | n/a |
| ROA | -2.1% |
| ROE | -12.1% |
| EBITDA margin | n/a |
| Days sales outstanding | n/a |
| Days payable outstanding | n/a |
| Inventory turnover | n/a |
| Days inventory (DSI) | n/a |
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €11.98M |
| Fixed assets | 21/28 | €5.83M |
| Tangible fixed assets | 22/27 | €19k |
| Financial fixed assets | 28 | €5.81M |
| Current assets | 29/58 | €6.15M |
| Amounts receivable within one year | 40/41 | €3.99M |
| Cash & bank | 54/58 | €2.10M |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €11.98M |
| Equity | 10/15 | €2.07M |
| Contributions / capital | 10/11 | €250k |
| Accumulated profits (losses) | 14 | €1.82M |
| Amounts payable | 17/49 | €9.90M |
| Amounts payable after one year | 17 | €8.50M |
| Amounts payable within one year | 42/48 | €378k |
| Trade debts payable within one year | 44 | €369k |
| Income statement | ||
| Gross operating margin | 9900 | €-146k |
| Operating result | 9901 | €-252k |
| Financial income | 75 | €507k |
| Financial charges | 65 | €506k |
| Result before taxes | 9903 | €-250k |
| Net result for the period | 9904 | €-250k |
| Result to be appropriated | 9905 | €-250k |
| NACE primary | Financial services(64210) |
| Legal form | Private limited company(610) |
| Incorporation | 04-11-2021 |
| Status | Active |
| Postal code | 1050 |
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21807G0131/00T000 | Brussels | 5,672 m² | 1 · 3,878 m² | 45.8 m · 8 fl. |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
12-09-2024 Articles of association amended, translation of the articles, coordination of the articles and amendment of specific articles
Technical details
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}15-03-2023 5 directors appointed, 3 reappointed
- CINQO, Bestuurder
- TICACONSULT, Bestuurder
- VIBEL, Bestuurder
- Quinz, Gedelegeerd bestuurder
- Adriaan de Leeuw, Directeur
- ASTUS, Bestuurder
- GREEN MILL, Bestuurder
- JORIS Werner, Bestuurder
Technical details
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}Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
| Legal nameNL | Downtown Development |
| AbbreviationNL | DWNTWN Development |