Losses
-€10,438 in two years
The 2024 and 2025 financial years closed with a loss. 2025 was the heaviest.
DV Project Development
Overview
Lifetime
2 annual accounts with figures on one time axispeak -€4,330 (2024)
-€4,935▼ €605
lowest -€5,644 (2025)
-€5,644▼ €850
peak €25,206 (2024)
€19,562▼ 22.4%
€2.4m▲ 3,090×
Board5 names since 2024
3 directorsBVMS Consult and 2 others
Owners3 names in the annual accounts
33.33%BVMS Consult and 2 others
Documentsfilings and deeds
31-07-2026on the last day
2025micro format
Gross margin from -€4,330 to -€4,935Loss of €5,6442 directors appointed, 2 resignations 28-02Equity from €25,206 to €19,562Debts from €783 to €2.4mCash from €25,990 to €84,202
Key points
from the 2025 annual accountsDebts
€2.4m 99% of the balance sheet
Financial debts 27%Suppliers 1%Other 72%
Of this, €1.8m falls due within a year.
Liquidity
1.38 was 33.17 in 2024
Short-term debts rose from €783 to €1.8m.
Turnover not published (micro format)
Checked score
82
Excellent
Financially stronger than 17% of small companies without a NACE code
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
07-2025: 2.5%highest value
08-2025: 0.7%▼ -1.8 percentage points vs 07-2025
09-2025: 0.7%● unchanged vs 08-2025
10-2025: 0.7%● unchanged vs 09-2025
11-2025: 0.7%● unchanged vs 10-2025
12-2025: 0.7%● unchanged vs 11-2025
01-2026: 0.7%● unchanged vs 12-2025
02-2026: 0.7%● unchanged vs 01-2026
03-2026: 0.8%▲ +0.1 percentage points vs 02-2026
04-2026: 0.8%● unchanged vs 03-2026
05-2026: 0.8%● unchanged vs 04-2026
06-2026: 0.8%● unchanged vs 05-2026
07-2026: 1.2%▲ +0.4 percentage points vs 06-2026
08-2026: 0.3%▼ -0.9 percentage points vs 07-2026lowest value
09-2026: 0.3%● unchanged vs 08-2026lowest value
10-2026: 0.3%● unchanged vs 09-2026lowest value
11-2026: 0.3%● unchanged vs 10-2026lowest value
Financial strengthWeak
Score breakdown
raises risk
Founded in 2024
Equity €19,562 (0.8% of total assets)
lowers risk
Size: total assets €2.4m
No main activity registered
Calculation
The band follows from the bankruptcy probability. 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 (no NACE code, small). It does better than 12% of them on solvency, 11% on liquidity, 32% on profitability and 11% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 865 companies had the same profile as DV Project Development has now. Each dot stands for 3 companies, two years later.
96.6%
were still trading
1.7%
stopped another way
1.5%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of DV Project Development itself: 0.3% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 865 companies, not a prediction for DV Project Development. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €1,500 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.38 (33.17 in 2024), below the usual 1.5. Short-term debt is 72.2% and cash 3.5% of total assets. 99.2% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
2425
2024 to 2025 · latest year -€5,644
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-07-2026, 0 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
on the day
2024
6 days early
← before the deadline
after the deadline →
tick = median of all Belgian filings
The company filed its last 2 accounts on average 3 days before the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- BVMS Consult 33.33%equity €10,048 (2025) · 2025 annual accounts of BVMS Consult
- Elvi Projects 33.33%score 95equity €17,351 (2025) · 2025 annual accounts of Elvi Projects
- RED Projects 33.33%score 90equity €15,356 (2025) · 2025 annual accounts of RED Projects
Recent changes
2 directors appointed, 2 resignations
Resignations: MAPEX and Thierry Deruyttere · Appointments: ELVI Projects and RED Projects · Permanent representatives: Xavier Deruyttere and Thierry Deruyttere · General meeting of 01-12-2024 · Gazette deed
Incorporation
Founding capital of €30,000, 3,000 shares · Founders: BVMS Consult SRL, MAPEX SRL and DERUYTTERE Thierry Jacques Chantal · Appointments: BVMS Consult SRL, MAPEX SRL and DERUYTTERE Thierry Jacques Chantal · published on 11-06-2024 · Gazette deed
First establishment
Herrmann-Debrouxlaan 54, Auderghem
Official details
Source: KBO- Status
- Active since 07-06-2024Normal situation
- Registered office
- 180 active companies are registered at this address17 started in the 12 months before. Source: KBO register, as of 10 November 2026.
- Activity
- No activity registered in the KBO
- Establishment unit
- 2.361.299.0111160 Auderghem, since 07-06-2024
- Financial year end
- 31 December
- Peppol
- Reachable
Annual accounts 2025
- -€4,935▼ 14.0%
- €5,644▲ 17.7%
- €19,562▼ 22.4%
- €2.4m▲ 94×
- Filing
- Filed on 31-07-2026, on the last day of the filing period
Insights on DV Project Development
DV Project Development has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €19,562 and a net result of -€5,644.
The computed 12-month bankruptcy probability is 0.3% (very low).
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
micro format, filed on 31-07-2026, on the day of the deadline-€4,935
▼ €605
-€4,935
▼ €218
-€5,644
▼ €850
€677,829
▲ 27×
0.8%
▼ 96.2 percentage points
1.38
▼ 31.79
Turnover and EBIT margin are not published. The micro format does not require them.
Balance sheet
balance sheet total €2.4m on 31-12-2025What the company ownsHow it is paid for
in euro
in euro
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| Balance sheet: assets | |||
20/58 |
2.4m | 25,990 | |
29/58 |
2.4m | 25,990 | |
3 |
2.4m | - | |
30/36 |
2.4m | - | |
54/58 |
84,202 | 25,990 | |
| Balance sheet: equity and liabilities | |||
10/49 |
2.4m | 25,990 | |
10/15 |
19,562 | 25,206 | |
10/11 |
30,000 | 30,000 | |
14 |
-10,438 | -4,794 | |
17/49 |
2.4m | 783 | |
17 |
658,268 | - | |
170/4 |
658,268 | - | |
42/48 |
1.8m | 783 | |
42 |
1.7m | - | |
44 |
31,330 | 783 | |
440/4 |
31,330 | 783 | |
| Income statement | |||
9900 |
-4,935 | -4,330 | |
640/8 |
0 | 387 | |
9901 |
-4,935 | -4,717 | |
75/76B |
0 | 0 | |
75 |
0 | 0 | |
65/66B |
709 | 77 | |
65 |
709 | 77 | |
9903 |
-5,644 | -4,794 | |
9904 |
-5,644 | -4,794 | |
9905 |
-5,644 | -4,794 | |
| Appropriation of the result | |||
9906 |
-10,438 | -4,794 | |
14P |
-4,794 | - | |
| Document | |||
The notes to these accounts have 2 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 31-07-2026.
Filings
each dot is a set of accounts, on the day it reached the National BankKey figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 |
|---|---|---|---|
| 58,213 | - | ||
| 677,829 | 25,206 | ||
| 0.8% | 97.0% | ||
| 1.38 | 33.17 | ||
| 0.05 | 33.17 | ||
| - | 0.03 | ||
| -28.9% | -19.0% | ||
| -0.2% | -18.4% |
A ratio outside any meaningful range has been withheld (balance sheet total €2.4m, equity €19,562).
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Insights on DV Project Development
The operating result for 2025 is a loss of €4,935, larger than the loss of €4,717 in 2024.
Debt's share of the balance-sheet total rises from 3.0% to 99.2%. Equity is lower and debt is higher.
Board & ownership
Board
3 directors, no change since December 2024BVMS Consult BV
Director (not named in the articles)
since 07-06-2024
term without a fixed end
listed in the 2025 annual accounts, filed on 31-07-2026
Director, permanent representative Xavier Deruyttere
since 01-12-2024
listed in the 2025 annual accounts, filed on 31-07-2026
Director, permanent representative Thierry Deruyttere
since 17-12-2024
listed in the 2025 annual accounts, filed on 31-07-2026
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- Each director alonedeed of 11-06-2024
Permanent representatives 2
Mandates through the years
5 names, the dashed line is todayBVMS Consult
Director (not named in the articles)
Director (not named in the articles)
RED Projects
Director
Director
ELVI Projects
Director
Director
DERUYTTERE Thierry Jacques Chantal
Director (not named in the articles)
Director (not named in the articles)
MAPEX
Director (not named in the articles)
Director (not named in the articles)
BoardEarlierend not dated
Mandates as a list
- BVMS Consult
- Director (not named in the articles), from 07-06-2024 to date
- RED Projects
- Director, from 01-12-2024 to date
- ELVI Projects
- Director, from 17-12-2024 to date
- DERUYTTERE Thierry Jacques Chantal
- Director (not named in the articles), appointed by deed of 11-06-2024, until 01-12-2024
- MAPEX
- Director (not named in the articles), appointed by deed of 11-06-2024, until 01-12-2024
- Director (not named in the articles), appointed by deed of 11-06-2024, no longer listed in the 2025 annual accounts
Control
33.33%
This company
DV Project Development
Equity €19,562
Loss €5,644 in 2025
Capital
- Contribution
- €30,000
- Shares
- 3,000
- Contribution per share
- €10
- Equity per share
- €6.52 in 2025
- Source
- deed of 11-06-2024
Articles of association
deed of 11-06-2024 (in French)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- 15 June at 18:30
Shareholders
3 ownersOwners 3
- Equity €10,048 Loss of €288 in 2025 (loss of €2,664 in 2024)33.33%
- Equity €17,351 Loss of €2,649 in 2025 Checked score 9533.33%
- Equity €15,356 Loss of €2,342 in 2025 (loss of €2,302 in 2024) Checked score 9033.33%
Capital transactions
Shareholders according to the deeds
At incorporation
deed of 11-06-2024 ↗
- BVMS Consult SRL (BE 1009.894.516) 1,000 shares (33.3%) · €10,000
- MAPEX SRL (BE 0760.792.081) 1,000 shares (33.3%) · €10,000
- DERUYTTERE Thierry Jacques Chantal 1,000 shares (33.3%) · €10,000
Capital over time
- 11-06-2024 Incorporation · €30,000 · 3,000 shares
Network & group
No group
DV Project Development has no parent and no holdings in its annual accounts.
At the same address
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| RESOURCES EVOLUTION
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| EXOTHERA
establishment since 02-03-2020 · founded in 2020 |
139 FTE (2023) 0744.643.660 |
| REGUS BELGIUM
establishment since 03-06-2019 · founded in 1989 · group REGUS BUSINESS CENTRE · accounts filed late |
turnover €14.6m (2024) 0437.822.267 |
| Cegid Fin Belgium
registered office since 30-04-2015 · founded in 2015 · negative equity (2024) · accounts filed late |
19 FTE (2024) 0629.721.921 |
| HELEXIA BELGIUM INVEST
registered office since 01-10-2012 · founded in 2012 |
total assets €18.1m (2025) 0849.306.066 |
| Azerion Belgium
registered office since 17-04-2000 · founded in 2000 · negative equity (2024) · accounts filed late |
22 FTE (2024) 0471.451.177 |
| ECTOSENSE
registered office since 09-09-2015 · founded in 2015 |
total assets €14.8m (2025) 0636.908.136 |
Earlier ties
| Martal via MAPEX, at DV Project Development, last mentioned in 2024 · Director · deed of 02-03-2022 No longer active |
2.4 FTE (2023) |
Connections & network
The network starts from the earlier ties.
This company
Company
Director
Shareholding
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Timeline
Timeline
5 events since 2024Board
Filings
Establishments
202420252026
Deadline for the 2026 accounts: 31-07-2027
2026
Annual accounts 2025 filed NBBmicro format · on the deadline day
2025
Annual accounts 2024 filed NBBmicro format · 6 days before the deadline
2 directors appointed, 2 resignationsResignations: MAPEX and Thierry Deruyttere · Appointments: ELVI Projects and RED Projects · Permanent representatives: Xavier Deruyttere and Thierry Deruyttere · General meeting of 01-12-20247 points ▸
- General meeting, 01-12-2024
- Director resignation, MAPEX
- Director resignation, Thierry Deruyttere
- Director appointment, ELVI Projects
- Director appointment, RED Projects
- Permanent representative, Xavier Deruyttere, mentioned twice in the deed
- Permanent representative, Thierry Deruyttere
2024
IncorporationFounding capital of €30,000, 3,000 shares · Founders: BVMS Consult SRL, MAPEX SRL and DERUYTTERE Thierry Jacques Chantal · Appointments: BVMS Consult SRL, MAPEX SRL and DERUYTTERE Thierry Jacques Chantal · published on 11-06-20249 points ▸
- Registered office clause, Avenue Herrmann-Debroux 54, 1160 Auderghem
- Director appointment, BVMS Consult SRL (director (not named in the articles))
- Director appointment, MAPEX SRL (director (not named in the articles))
- Director appointment, DERUYTTERE Thierry Jacques Chantal (director (not named in the articles))
- Founder, BVMS Consult SRL
- Founder, MAPEX SRL
- Founder, DERUYTTERE Thierry Jacques Chantal
- Founding capital, €30,000, 3,000 shares
- 3,000 shares
- The deed holds 2 more points.
First establishment Herrmann-Debrouxlaan 54, Auderghem
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
DV Project Development was incorporated on 7 June 2024 as a private limited company by BVMS Consult SRL, MAPEX SRL and one natural person, with a starting capital of €30,000.12 The board currently has 3 members. BVMS Consult has served longest, since 2024.3 The company has filed 2 sets of annual accounts, the latest for financial year 2025.3
Company details
Identity
- Enterprise number
- 1010.151.367
- VAT number
- BE 1010.151.367
- Peppol ID
- 0208:1010151367
- Other Peppol ID
- 9925:BE1010151367
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 07-06-2024
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- 15 June at 18:30deed of 11-06-2024 (in French)
- Peppol
- Reachable via PeppolFollow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- DV Project Development in French
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 11-06-2024 (in French)
- Name clauseThe company operates under this name according to its articles.
- DV Project Developmentdeed of 11-06-2024 (in French)
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Région de Bruxelles-Capitale”deed of 11-06-2024 (in French)
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Herrmann-Debrouxlaan 54 registered office 1160 Auderghem 68110 Buying and selling of own real estate | 07-06-2024 | 2.361.299.011 |
Buildings and parcels at the address
- Ground area
- 3,929 m²
- Buildings
- 1,150 m²
- Volume, LiDAR
- 28,081 m³
- Tallest building
- 30.4 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 21332B0081/00H002 | 3,929 m² | 1 · 1,150 m² | 30.4 m · 9 |