EDEGEM DEVELOPMENT
ActiveSummary
EDEGEM DEVELOPMENT has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €960,806 and a net result of -€39,194. Its solvency ranks better than 76% of 11,259 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 28-06-2024 Normal situation
- Registered office
- 95 active companies are registered at this address 6 started in the 12 months before. Source: KBO register, as of 2 November 2026.
- Activity
- Development of residential building projects NACE 68121
- Establishment unit
- 2.361.503.602 9000 Gent, since 28-06-2024
- Financial year end
- 31 December
- Peppol
- Reachable since 18-06-2025
Board and ownership
Board
- HILLEWAERE MarkDirector
- Ninja ClubDirector · permanent representative HUYGHE Alexandre
- Revive WorldDirector · permanent representative BEARELLE Nicolas
Shareholders
- BELFIUS IMMO50%· score 902025 annual accounts of BELFIUS IMMO
- Minet Invest50%· score 922025 annual accounts of Minet Invest
Financial position
- Bankruptcy probabilitywithin 12 months
- < 0.1%
Annual accounts 2025
- Gross margin
- -€36,943
- Loss
- €39,194
- Equity
- €960,806
- Total assets
- €1.5m
Turnover not published (abbreviated format)
Score breakdownlowers riskSector: Real estate activities (NACE 68)Size: total assets €1.5mLiquidity: current ratio 2.93, cash €422,773Figures for financial year 2025 (filed on 15-06-2026)Show the evidence
Checked score
Score 2025
95
/ 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 61% of micro companies in real estate (NACE 68)
Financial strength
Strong
Solvency
90
equity 65.3% of total assets
Liquidity
71
short-term debt 34.1% · cash 28.8%
Profitability
31
return on assets -2.7%
Bankruptcy probability within 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
07-2025: 0.7%
08-2025: 0.7%● unchanged vs 07-2025
09-2025: 0.7%● unchanged vs 08-2025
10-2025: 0.7%● unchanged vs 09-2025
11-2025: 0.8%▲ +0.1 percentage points vs 10-2025
12-2025: 0.9%▲ +0.1 percentage points vs 11-2025
01-2026: 0.9%● unchanged vs 12-2025
02-2026: 1.0%▲ +0.1 percentage points vs 01-2026
03-2026: 1.0%● unchanged vs 02-2026
04-2026: 0.9%▼ -0.1 percentage points vs 03-2026
05-2026: 0.9%● unchanged vs 04-2026
06-2026: 1.1%▲ +0.2 percentage points vs 05-2026
07-2026: 1.1%● unchanged vs 06-2026highest value
08-2026: 1.1%● unchanged vs 07-2026highest value
09-2026: 1.1%● unchanged vs 08-2026
10-2026: < 0.1%▼ -1.1 percentage points vs 09-2026lowest value
11-2026: < 0.1%● unchanged vs 10-2026lowest value
Credit of up to €90,000 on 30-day terms, only on tighter conditions: young company (under 3 years) without a track record
Liquidity is ample, with a current ratio of 2.93, above the usual 1.5. Short-term debt is 34.1% and cash 28.8% of total assets. 34.7% of the assets are financed with debt and provisions.
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 (NACE 68, micro). It does better than 75% of them on solvency, 81% on liquidity and 27% on profitability.
The bankruptcy probability was computed on 01-11-2026 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.
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).
Credit check for an amount and term of your choice
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Young company
Founded in 2024, 2 years ago. Young companies fail more often than established ones; the risk is highest 2 to 8 years after founding.
KBO · incorporation dateAge against the risk zone
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 15-06-2026, 46 days ahead of the deadline.
NBB · 1 filingDeviation from the deadline
2025
46 days early
← before the deadline
after the deadline →
Searched, nothing found (1)
Financials
Financials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 15-06-2026 at the NBB
Equity
€960,806
Total assets
€1.5m
Net result
-€39,194
Working capital
€969,296
Turnover and EBIT margin are not published. The abbreviated format does not require them.
Balance-sheet composition
Equity and liabilities €1.5m
Equity
€960,806
Debt
€509,533
Debt's share of the balance-sheet total is 34.7%.
Key figures and ratios
Current ratio
2.93
Quick ratio
0.95
Debt to equity
0.53
ROE
-4.1%
ROA
-2.7%
Debt ≤ 1 year
€501,043
Debt > 1 year
€5,078
Securities and guarantees
| Item | 2025 |
|---|---|
| Debts secured on the company's own assets | €480,000 |
| Mortgages, amount registered | €25,000 |
| Mortgage mandates | €2.8m |
| Carrying value of the mortgaged assets | €994,840 |
Source: notes to the 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Annual accounts
| Line | 2025 |
|---|---|
| Other operating charges640/8 | €987 |
| Gross operating margin9900 | -€36,943 |
| Operating profit (loss)9901 | -€37,930 |
| Financial income75/76B | €0 |
| Recurring financial income75 | €0 |
| Financial charges65/66B | €1,264 |
| Recurring financial charges65 | €1,264 |
| Profit (loss) for the period before taxes9903 | -€39,194 |
| Profit (loss) for the period9904 | -€39,194 |
| Profit (loss) for the period to be appropriated9905 | -€39,194 |
| Line | 2025 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €1.5m | |
| Current assets29/58 | €1.5m | |
| Stocks and contracts in progress3 | €1.0m | |
| Stocks30/36 | €1.0m | |
| Amounts receivable within one year40/41 | €0.01m | |
| Trade receivables40 | €333 | |
| Other amounts receivable41 | €0.009m | |
| Cash at bank and in hand54/58 | €0.4m | |
| Deferred charges and accrued income490/1 | €0.04m | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €1.5m | |
| Equity10/15 | €1.0m | |
| Contributions10/11 | €1.0m | |
| Profit (loss) carried forward14 | -€0.04m | |
| Amounts payable17/49 | €0.5m | |
| Amounts payable after more than one year17 | €0.005m | |
| Financial debts170/4 | €0.005m | |
| Amounts payable within one year42/48 | €0.5m | |
| Financial debts43 | €0.5m | |
| Credit institutions430/8 | €0.5m | |
| Trade debts44 | €0.02m | |
| Suppliers440/4 | €0.02m | |
| Accrued charges and deferred income492/3 | €0.003m | |
| Line | 2025 |
|---|---|
| Profit (loss) for the period9904 | -€39,194 |
| Operating cash flow (approximation) | -€39,194 |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 480 companies had the same profile as EDEGEM DEVELOPMENT has now. Two years later, 0.8% had gone bankrupt and 95.8% were still going.
- Small
- 2 to 5 years old
- solvency 30% or more
- a small loss
0.8%
went bankrupt
3.1%
stopped otherwise
95.8%
was still going
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of EDEGEM DEVELOPMENT itself: < 0.1% within 12 months.
Test of the method
The method was tested on the 497,446 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 480 companies, not a prediction for EDEGEM 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.
Filings with the National Bank (1)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 15-06-2026 | 2026-00166663 |
Board & ownership
Directors
Directors
4 directors, no change since 2026
Board 4
HILLEWAERE Mark
Current
A bestuurder · appointed in the act of 02-07-2024 · term without a fixed end · listed in the 2025 annual accounts, filed on 15-06-2026
Ninja Club
Current
B bestuurder · appointed in the act of 02-07-2024 · term without a fixed end · Private limited company · permanent representative: HUYGHE Alexandre · also on the board of 13 other companies · listed in the 2025 annual accounts, filed on 15-06-2026
Revive World
Current
B bestuurder · appointed in the act of 02-07-2024 · term without a fixed end · Private limited company · permanent representative: BEARELLE Nicolas · also on the board of 2 other companies · listed in the 2025 annual accounts, filed on 15-06-2026
Liesbeth Gestels
Current
Director · since 11-06-2026 · term without a fixed end · listed in the 2025 annual accounts, filed on 15-06-2026
Permanent representatives 2
BEARELLE Nicolas
Current
Permanent representative · appointed in the act of 02-07-2024 · for Revive World
HUYGHE Alexandre
Current
Permanent representative · appointed in the act of 02-07-2024 · for Ninja Club
Signing authorityThe articles say who may bind the company, for example by signing a contract.
“Artikel 14. Externe vertegenwoordiging van het Bestuursorgaan Het Bestuursorgaan vertegenwoordigt de Vennootschap. Bovendien komt de…”
deed of 02-07-2024Owners and capital
Shareholders
2 ownersOwners 2
- Equity €88.0m Profit of €3.0m in 2025 (profit of €2.4m in 2024) Checked score 9050%
-
50%
Capital transactions
Shareholders according to the deeds
After the capital increase
act of 24-04-2026 ↗
- BELFIUS IMMO (BE 0436.006.090) €1,620,000 · niet volstort
- MINET INVEST €180,000 · niet volstort
Stated in the act
act of 24-04-2026 ↗
- BELFIUS IMMO (BE 0436.006.090)
- MINET INVEST
At incorporation
act of 02-07-2024 ↗
- BELFIUS IMMO (BE 0436.006.090) 50 shares (50%) · €900,000
- MINET INVEST (BE 1010.762.665) 50 shares (50%) · €100,000
Capital over time
- 24-04-2026 Capital increase of €1,800,000 · no new shares
- 02-07-2024 Incorporation · €1,000,000 · 100 shares
Mandate history
5 people, 4 in office
- Board
| Name | Functions and periods |
|---|---|
| HILLEWAERE Mark |
|
| Ninja Club |
|
| Revive World |
|
| Liesbeth Gestels |
|
| Frédéric Baert |
|
Articles of association
Board and representation
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Onbepaalde duur bij gebrek aan bepaling, 4”
Audit, dissolution and liquidation
- Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
- Liquidation ruleIn a liquidation the creditors are paid first. What is left goes to the shareholders.
- “Ontbinding om welke reden en wanneer ook, aanwijzen vereffenaars bevoegdheden omlijnen vergoeding bepalen”
Articles of association, deed of 02-07-2024 (in Dutch)
Network & group
Companies at the same address
94 other companies- Henschel Holding Registered office · since 2026 1042777021
- Beaulieu Development Registered office · since 2026 1042652406
- Lisboa Oriente Holding Registered office · since 2026 1038144379
- AmiNoH Registered office · since 2026 1032717428
- NoHmos Registered office · since 2026 1032713270
- Re-NoHvo Registered office · since 2025 1031701797
- Restore Woluwe Garden Registered office · since 2025 1026377982
- Re-Store Registered office · since 2025 1019516520
- ReS Invest Registered office · since 2024 1017268494
- TWEE KRANEN Registered office · since 2024 1013374539
Connections & network
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Timeline
Acts, filings and financial milestones
2026
15-07
Gazette deed
Resignation: Frédéric Baert (director)Appointment: Liesbeth Gestels (director) · Director discharge · Power of attorney8 points ▸
Gazette deed
Resignation: Frédéric Baert (director)
Appointment: Liesbeth Gestels (director) · Director discharge · Power of attorney8 points ▸
- General meeting, 11-06-2026
- Director resignation, Frédéric Baert (director)
- Director discharge, Frédéric Baert (director)
- Director appointment, Liesbeth Gestels (director)
- Power of attorney, VGD Accountants en Belastingconsulenten
- Power of attorney, Bieke DEKLERCK
- Power of attorney, Gaëlle DE PRÊTRE
- Power of attorney, Neelke DE VRIENDT
15-06
abbreviated format · 46 days before the deadline
24-04
Gazette deed
Capital increase of €1,800,000Shareholding · Declaration5 points ▸
Gazette deed
Capital increase of €1,800,000
Shareholding · Declaration5 points ▸
- General meeting, 26-03-2026
- Capital increase, €1,800,000
- BELFIUS IMMO is a shareholder
- MINET INVEST is a shareholder
- Declaration, “bijkomende inbreng definitief is en niet werd volstort” (deed in Dutch)
2024
02-07
Gazette deed
IncorporationStarting capital €1,000,000 · Appointments: HILLEWAERE Mark, BAERT Frédéric and 2 others · Permanent representatives: BEARELLE Nicolas and HUYGHE Alexandre · Founder19 points ▸
Gazette deed
Incorporation
Starting capital €1,000,000 · Appointments: HILLEWAERE Mark, BAERT Frédéric and 2 others · Permanent representatives: BEARELLE Nicolas and HUYGHE Alexandre · Founder19 points ▸
- Founder, BELFIUS IMMO
- Founder, MINET INVEST
- Incorporation, “EDEGEM DEVELOPMENT” (deed in Dutch)
- Founding capital, €1,000,000
- Bank account, “vennootschap in oprichting, deponering volstorting 30 pct” (deed in Dutch)
- Other provision, “statuten, statuten luiden als volgt” (deed in Dutch)
- Other provision, “TITEL III. EFFECTEN, inhoud weggelaten in uittreksel” (deed in Dutch)
- Other provision, “uitwerking slotbeslissingen, eenparig door comparanten” (deed in Dutch)
- Registered office clause, “9000 Gent, Nieuwewandeling 62” (deed in Dutch)
- Board rule, 4
- Director appointment, HILLEWAERE Mark (a bestuurder)
- Director appointment, BAERT Frédéric (a bestuurder)
- The act holds 7 more points.
Gazette deedNBB filing
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordName
EDEGEM DEVELOPMENT in Dutch
Enterprise number
1010.925.585
Legal form
Private limited company
Status
Active, normale toestand
Founded
28-06-2024
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 02-07-2024 (in Dutch)Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Vlaams Gewest, administratieve zetels,agentschappen,werkhuizen,stapelplaatsen,bijkantoren in België of buitenland bij enkel besluit…”
deed of 02-07-2024 (in Dutch)Registered office and establishments
Registered office
Nieuwewandeling 62, 9000 Gent, Belgium
Establishment unit
EDEGEM DEVELOPMENT, Nieuwewandeling 62, 9000 Gent since 28-06-2024 · unit number 2.361.503.602
Activities
NACEBEL 202568121
Development of residential building projects main activity
Codes under NACEBEL 2008
41101
Real estate development main activity
PurposeThe purpose describes the activities the company may carry out under its articles.
deed of 02-07-2024 (in Dutch)
“Het verwerven,vervreemden,ruilen,beheren,uitbaten,valoriseren,verkavelen,ordenen,huren,verhuren,(doen) bouwen of (doen) verbouwen van…”
9 activities
- Het verwerven,vervreemden,ruilen,beheren,uitbaten,valoriseren,verkavelen,ordenen,huren,verhuren,(doen) bouwen of (doen) verbouwen van onroerende goederen,saneren van vervuilde gronden,evenals alle welkdanige onroerende transacties en verrichtingen in de breedste zin
- Het optreden als ontwikkelaar en/of promotor of het adviseren van derde partijen inzake promotieprojecten,bij het bouwen van woningen of andere onroerende goederen,als verkavelaar van gronden,als orgaan van gemeenschappelijke bestelling en aankoop
- De expertise,agentuur en leasing inzake onroerende goederen
- Het nemen of afstaan van optierechten voor het kopen van onroerende goederen
- Alle acties te ondernemen teneinde overdraagbare rechten op meerdere terreinen te verwerven en om voor zulke terreinen de nodige studies en andere voorbereidingen te ondernemen die nodig zijn om vergunningen te verkrijgen voor vastgoed projecten van hoge kwaliteit
- De vennootschap mag zelf of door tussenkomst van derden,alle mogelijke handels-,nijverheids-,financiële,roerende en onroerende handelingen en verrichtingen doen,welke rechtstreeks of onrechtstreeks in verband staan met het voorwerp,of welke dit voorwerp op welke wijze ook kunnen bevorderen.
- Zij zal zich mogen interesseren door middel van inbreng,opslorping,fusie of deelneming op elke andere wijze in ondernemingen,vennootschappen of instellingen,die een gelijkaardig,analoog of aanverwant voorwerp nastreven of wiens voorwerp van aard is dat van de vennootschap te bevorderen.
- Zij mag zich borg stellen of aval verlenen,voorschotten toestaan,kredieten verlenen,hypothecaire en andere zekerheden verstrekken.
- Zij kan ook functies van bestuurder of vereffenaar van andere vennootschappen uitoefenen.
Invoicing and payment
VAT number
BE 1010.925.585
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 1010.925.585
Financial year and general meeting
Accounts at the NBBFinancial year end
31-12
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Second Tuesday of May at 10:45
deed of 02-07-2024 (in Dutch)Sites & property
Location
Buildings and parcels at the address
Ground area
2,277 m²
Building footprint
281 m²
Building volume
4,129 m³
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 44806F0399/00H000 | Flanders | 2,277 m² | 1 · 281 m² | 17.8 m · 5 |
1 of these parcels carries protected heritage. Expect extra rules on renovation or sale.