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EZELDIJK DEVELOPMENT

Active
Public limited companyfounded 201214 yrs activeHerkenrodesingel 4B, 3500 Hasselt, BelgiumKBO/BCE: BE 0848.067.634
Summary

EZELDIJK DEVELOPMENT has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €263,987 and a net result of €555,275. Equity is growing by ~77.9% per year across the filed fiscal years. Its solvency ranks better than 52% of 4814 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).

Checked score

Score 2024
Axes · tick = 2023
Profitability100▲+46
Solvency58▲+31
Growth35▼-21
Track record100
Bankruptcy probability, 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €18,000 at 30 days acceptable
Liquidity tight (current ratio 1.49 against 1.02 in 2023; short-term debt: 67.1% and cash: 2.3% of total assets), and 67.1% of the assets are financed with debt.
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Signals

Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
lowers risk · Lower-risk legal form
Companies with this legal form statistically fail less often than a BV.
KBO · legal form
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 14 years 0 20 y
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 05-06-2025, 56 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
not confirmed
2024
56 d early
2023
20 d early
2022
3 d late
2021
40 d early
2020
40 d early
2019
38 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 32 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.

Checked, nothing found (1)
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

On 17 August 2012, EZELDIJK DEVELOPMENT was incorporated.1 Revenue went from EUR 1.5 million in 2018 to EUR 270,258 in 2024.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2018 and 2024

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Financials · fiscal year 2024, full schema

Turnover
€270,258▼ 87.9%
2023 · €2.2m
EBIT margin
260.9%▲ 239.7pp
2023 · 21.2%
Net result
€555,275▲ 63.6%
2023 · €339,484
Working capital
€263,987▲ 143%
2023 · €108,712
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20202021202220232024
Turnover€1.2m▲ 148%€884,175▼ 26.7%€3.0m▲ 242%€2.2m▼ 26.2%€270,258▼ 87.9%
Operating result€799,988▲ 395%-€113,250€907,660€471,554▼ 48.0%€705,028▲ 49.5%
Net result€759,836▲ 521%-€216,652€672,726€339,484▼ 49.5%€555,275▲ 63.6%
EBIT margin66.3%▲ 33.1pp-12.8%▼ 79.1pp30.1%▲ 42.9pp21.2%▼ 8.9pp260.9%▲ 239.7pp
Equity-€36,846▲ 95.4%-€253,498▼ 588%€419,228€108,712▼ 74.1%€263,987▲ 143%
Total assets€2.9m▲ 6.4%€5.6m▲ 96.6%€3.6m▼ 35.6%€5.3m▲ 45.6%€802,711▼ 84.7%
Debt€2.9m▼ 16.9%€5.9m▲ 103%€3.2m▼ 45.6%€5.1m▲ 61.3%€538,724▼ 89.5%
Working capital-€25,513▲ 95.0%-€252,288▼ 889%€443,848€108,712▼ 75.5%€263,987▲ 143%
Result per fiscal year
Operating resultNet result
-€500,000€0€500,000€1.0mOperating result 2020: €799,988€799,988Net result 2020: €759,836€759,836Operating result 2021: -€113,250-€113,250Net result 2021: -€216,652-€216,652Operating result 2022: €907,660€907,660Net result 2022: €672,726€672,726Operating result 2023: €471,554€471,554Net result 2023: €339,484€339,484Operating result 2024: €705,028€705,028Net result 2024: €555,275€555,27520202021202220232024€0€250,000€500,000€750,000€1mOperating result 2022: €907,660€908,000Net result 2022: €672,726€673,000Operating result 2023: €471,554€472,000Net result 2023: €339,484€339,000Operating result 2024: €705,028€705,000Net result 2024: €555,275€555,000202220232024
The operating result recovers in 2024; 2024 is 50% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Equity and liabilities €802,711
Equity €263,987 ▲ 143%
Debt €538,724 ▼ 89.5%
Debt's share of the balance-sheet total falls from 97.9% to 67.1%. Equity is higher and debt is lower.
Key figures and ratios
2024 value · change against 2023
Current ratio
1.49▲
2023 · 1.02
Debt to equity
2.04▼
2023 · 47.30
ROE
210.3%▼
2023 · 312.3%
ROA
69.2%▲
2023 · 6.5%
Debt ≤ 1 year
€538,724▼
2023 · €5.1m
Income taxes
€193,536▲
2023 · €123,624
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 17,792 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 97% are still going.

  • Small
  • 10 to 20 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.2% went bankrupt
3.2% stopped otherwise
97% still going

For this company itself Checked computes a bankruptcy probability of 0.2% over twelve months; the group does not contradict it.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.4%
3 0.5% 0.5%
4 0.6% 0.7%
5 0.8% 0.9%
6 1.2% 1.3%
7 1.5% 1.6%
8 1.7% 1.7%
9 2.7% 2.8%
10 5.3% 5.7%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 17,792 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2024 against 2023 · 53 lines
Balance sheet Code20232024
Assets
Total assets20/58€5.3m€802,711▼
Current assets29/58€5.3m€802,711▼
Stocks and contracts in progress3€3.2m-
Contracts in progress37€3.2m-
Amounts receivable within one year40/41€1.1m€784,579▼
Trade receivables40€111,242€63,435▼
Other amounts receivable41€1.0m€721,144▼
Cash at bank and in hand54/58€916,926€18,132▼
Equity and liabilities
Total equity and liabilities10/49€5.3m€802,711▼
Equity10/15€108,712€263,987▲
Contributions10/11€61,500€61,500=
Capital10€61,500€61,500=
Issued capital100€61,500€61,500=
Reserves13€6,150€6,150=
Non-distributable reserves130/1€6,150€6,150=
Legal reserve130€6,150€6,150=
Profit (loss) carried forward14€41,062€196,337▲
Amounts payable17/49€5.1m€538,724▼
Amounts payable within one year42/48€5.1m€538,724▼
Trade debts44€502,340€123,916▼
Suppliers440/4€502,340€123,916▼
Advances received on contracts in progress46€3.7m-
Taxes, remuneration and social security45€258,003€14,808▼
Taxes450/3€258,003€14,808▼
Other amounts payable47/48€650,000€400,000▼
Income statement Code20232024
Operating income70/76A€1.2m€784,797▼
Turnover70€2.2m€270,258▼
Change in stocks of work in progress, finished goods and contracts in progress71-€993,123€512,959▲
Other operating income74-€1,579
Operating charges60/66A€763,672€79,769▼
Goods for resale, raw materials and consumables60€1.9m€45,454▼
Purchases600/8€1.9m€45,454▼
Change in stocks: decrease (increase)609€0-
Services and other goods61€17,259€31,218▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€1.2m-
Other operating charges640/8€2,426€3,097▲
Operating profit (loss)9901€471,554€705,028▲
Financial income75/76B€19,981€57,163▲
Recurring financial income75€19,981€57,163▲
Income from current assets751€19,981€57,163▲
Financial charges65/66B€28,428€13,379▼
Recurring financial charges65€28,428€13,379▼
Debt charges650€13,072-
Other financial charges652/9€15,356€13,379▼
Profit (loss) for the period before taxes9903€463,108€748,811▲
Income taxes67/77€123,624€193,536▲
Taxes670/3€123,624€193,536▲
Profit (loss) for the period9904€339,484€555,275▲
Profit (loss) for the period to be appropriated9905€339,484€555,275▲
Appropriation of the result
Profit (loss) to be appropriated9906€691,062€596,337▼
Profit (loss) brought forward from the previous period14P€351,578€41,062▼
Profit to be distributed694/7€650,000€400,000▼
Return on contributions (dividend)694€650,000€400,000▼

The notes to these accounts (15 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20202021202220232024Change
Operating income70/76A-€3.6m€2.7m€1.2m€784,797▼ 36.5%
Turnover70€1.2m€884,175€3.0m€2.2m€270,258▼ 87.9%
Change in stocks of work in progress, finished goods and contracts in progress71-€2.7m-€318,240-€993,123€512,959▲ 152%
Other operating income74----€1,579-
Non-recurring operating income76A--€20,795---
Operating charges60/66A-€3.7m€1.8m€763,672€79,769▼ 89.6%
Goods for resale, raw materials and consumables60-€1.5m€834,004€1.9m€45,454▼ 97.6%
Purchases600/8-€1.5m€834,004€1.9m€45,454▼ 97.6%
Change in stocks: decrease (increase)609---€0--
Services and other goods61-€1.0m€968,324€17,259€31,218▲ 80.9%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€1.2m-€6,693-€1.2m--
Other operating charges640/8-€24,702€18,869€2,426€3,097▲ 27.7%
Operating profit (loss)9901€799,988-€113,250€907,660€471,554€705,028▲ 49.5%
Financial income75/76B-€14,590€20€19,981€57,163▲ 186%
Recurring financial income75-€14,590€20€19,981€57,163▲ 186%
Income from current assets751-€14,590-€19,981€57,163▲ 186%
Other financial income752/9-€0€20---
Financial charges65/66B-€117,993€100,574€28,428€13,379▼ 52.9%
Recurring financial charges65€40,152€117,993€100,574€28,428€13,379▼ 52.9%
Debt charges650€13,768€44,474€54,565€13,072--
Other financial charges652/9-€73,519€46,009€15,356€13,379▼ 12.9%
Profit (loss) for the period before taxes9903€759,836-€216,652€807,105€463,108€748,811▲ 61.7%
Income taxes67/77--€134,380€123,624€193,536▲ 56.6%
Taxes670/3--€134,380€123,624€193,536▲ 56.6%
Profit (loss) for the period9904€759,836-€216,652€672,726€339,484€555,275▲ 63.6%
Profit (loss) for the period to be appropriated9905€759,836-€216,652€672,726€339,484€555,275▲ 63.6%
Line20202021202220232024Change
Assets
Total assets20/58€2.9m€5.6m€3.6m€5.3m€802,711▼ 84.7%
Current assets29/58€2.9m€5.6m€3.6m€5.3m€802,711▼ 84.7%
Stocks and contracts in progress3€1.8m€3.4m€3.0m€3.2m--
Contracts in progress37-€3.4m€3.0m€3.2m--
Amounts receivable within one year40/41€288,213€2.1m€23,486€1.1m€784,579▼ 29.6%
Trade receivables40-€125,510€572€111,242€63,435▼ 43.0%
Other amounts receivable41-€2.0m€22,914€1.0m€721,144▼ 28.2%
Cash at bank and in hand54/58€779,780€162,148€533,841€916,926€18,132▼ 98.0%
Equity and liabilities
Total equity and liabilities10/49€2.9m€5.6m€3.6m€5.3m€802,711▼ 84.7%
Equity10/15-€36,846-€253,498€419,228€108,712€263,987▲ 143%
Contributions10/11€61,500€61,500€61,500€61,500€61,500=
Capital10-€61,500€61,500€61,500€61,500=
Issued capital100-€61,500€61,500€61,500€61,500=
Reserves13--€6,150€6,150€6,150=
Non-distributable reserves130/1--€6,150€6,150€6,150=
Legal reserve130--€6,150€6,150€6,150=
Profit (loss) carried forward14-€98,346-€314,998€351,578€41,062€196,337▲ 378%
Amounts payable17/49€2.9m€5.9m€3.2m€5.1m€538,724▼ 89.5%
Amounts payable within one year42/48€2.9m€5.9m€3.2m€5.1m€538,724▼ 89.5%
Trade debts44€273,380€334,103€109,150€502,340€123,916▼ 75.3%
Suppliers440/4-€334,103€109,150€502,340€123,916▼ 75.3%
Advances received on contracts in progress46-€1.8m-€3.7m--
Taxes, remuneration and social security45--€134,380€258,003€14,808▼ 94.3%
Taxes450/3--€134,380€258,003€14,808▼ 94.3%
Other amounts payable47/48-€3.8m€2.9m€650,000€400,000▼ 38.5%
Accrued charges and deferred income492/3-€1,210€24,620---
Line20202021202220232024Change
Profit (loss) for the period9904€759,836-€216,652€672,726€339,484€555,275▲ 63.6%
Operating cash flow (approximation)€759,836-€216,652€672,726€339,484€555,275▲ 63.6%
Change in cash--€617,632€371,693€383,085-€898,794▼ 335%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

2025
05-06
NBB filing Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial Equity above €200,000Eq €263,987 ▲143%
3 profitable years in a row build equity to €263,987.
11-07
NBB filing Annual accounts filed
fiscal year 2023 · full schema
2023
03-08
NBB filing Annual accounts filed
fiscal year 2022 · full schema · 3 days late
2022
31-12
Financial Back to profitnet €672,726
Net result €672,726 after one loss-making year.
31-12
Financial Equity above €200,000Eq €419,228
Equity rises from -€253,498 to €419,228.
21-06
NBB filing Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial Weakest financial yearnet -€216,652
Net result drops to -€216,652, the lowest in the series; recovery starts the following year.
21-06
NBB filing Annual accounts filed
fiscal year 2020 · full schema
2020
23-06
NBB filing Annual accounts filed
fiscal year 2019 · full schema
2019
04-06
NBB filing Annual accounts filed
fiscal year 2018 · full schema
2018
11-06
NBB filing Annual accounts filed
fiscal year 2017 · full schema
2017
21-06
NBB filing Annual accounts filed
fiscal year 2016 · full schema
2016
01-06
NBB filing Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts

We know of 8 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
8 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Hasselt · 1 establishment unit since 2012
seat establishment The establishment unit on the map
Ground area
2,234 m²
Building footprint
622 m²
Volume, LiDAR
8,953 m³
Parcel 71327G0668/00T000, Flanders · tallest building 19.5 m, ±5 floors. Linked by address, not a title deed.
46 companies at this address See who is registered here
1 establishment unit
EZELDIJK DEVELOPMENT
Herkenrodesingel 4B, 3500 HasseltReal estate development
since 20122.212.354.620
1 parcel
Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
71327G0668/00T000 Flanders 2,234 m² 1 · 622 m² 19.5 m · 5 fl.
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Structure & network

Part of the group CYGA 16 companies Group, risk and exposure

Owners and holdings

2 owners

Chain of control

  1. CYGA 71.24%
  2. CIRIL 80%
  3. EZELDIJK DEVELOPMENT

Highest known parent: CYGA. The sources do not say who stands above it.

Owners 2

Holdings 0

No holding stated in the accounts, acts or LEI register we read.

According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. 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 fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Similar companies · same sector, comparable size

Of 7,326 companies in sector 68110 we hold annual accounts for 5,384. 3,859 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Identification & contact

Identification
Legal formPublic limited company
Founded17-08-2012
Fiscal year end31-12
Activities, NACEBEL 2025
68110Buying and selling of own real estate
68310Real estate agency activities
E-invoicing
Reachable via Peppol
Peppol ID 0208:0848067634
Also 9925:BE0848067634
Registered 08-07-2025

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.