EZELDIJK DEVELOPMENT

Active

Public limited companyfounded 2012active for 14 yearsHerkenrodesingel 4B, 3500 Hasselt, BelgiumKBO/BCE: BE 0848.067.634

Summary

EZELDIJK DEVELOPMENT has been active since 2012 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €273,480 and a net result of €9,493. Equity fluctuates too strongly from year to year to read a trend from it. Its solvency ranks better than 73% of 5,795 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Risk analysisFollow Report Compare

EZELDIJK DEVELOPMENTActiveChecked score 94/100

Risk analysis Report Compare

Overview

Official details

Source: KBO

Status: Active since 17-08-2012 Normal situation
Registered office: 45 active companies are registered at this address 2 started in the 12 months before. Source: KBO register, as of 3 November 2026.
Activity: Buying and selling of own real estate NACE 68110and 1 other
Establishment unit: 2.212.354.620 3500 Hasselt, since 01-09-2012
Financial year end: 31 December
Peppol: Reachable since 08-07-2025

Company details

Board and ownership

Board

Ciril NVDirector · since 28-05-2021 · permanent representative Philip Demot
PVMA BVDirector · since 28-05-2021
Jan VanonckelenDirector · since 31-05-2024

Auditor: BDO BEDRIJFSREVISOREN-BDO REVISEURS D'ENTREPRISES

Shareholders

CIRIL80%· score 912025 annual accounts of CIRIL
Democo Group NVconsolidatesannual accounts 2025
DIEST INVEST20%· score 962025 annual accounts of DIEST INVEST

Board & ownership

Financial position

94 Excellent Checked score 2025

Bankruptcy probabilitywithin 12 months: 0.1%

Annual accounts 2025

Turnover: €24,500; ▼ 90.9%
Profit: €9,493; ▼ 98.3%
Equity: €273,480; ▲ 3.6%
Total assets: €396,848; ▼ 50.6%

Financials

Score breakdownraises riskSize: turnover €24,500, total assets €396,848lowers riskLiquidity: current ratio 3.22, cash €53,236Equity €273,480 (68.9% of total assets)Legal form: public limited companyShow the evidence

Checked score

Score 2025

94 / 100

Excellent

Probability in this band: under 0.55%

Financially stronger than 52% of micro companies in real estate (NACE 68)

Every signal that counts is listed under Signals.

Financial strength · tick: 2024

Strong

Solvency 94+36

equity 68.9% of total assets

Liquidity 54+37

short-term debt 31.1% · cash 13.4%

Profitability 43-57

return on assets 2.4%

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).

Sector median 0.2% (26,630 companies, NACE 68, micro)

Last 24 months 12-2024: 0.1% 01-2025: 0.1%● unchanged vs 12-2024 02-2025: 0.1%● unchanged vs 01-2025lowest value 03-2025: 0.1%● unchanged vs 02-2025 04-2025: 0.1%● unchanged vs 03-2025 05-2025: 0.1%● unchanged vs 04-2025 06-2025: 0.1%● unchanged vs 05-2025 07-2025: 0.1%● unchanged vs 06-2025 08-2025: 0.1%● unchanged vs 07-2025 09-2025: 0.1%● unchanged vs 08-2025 10-2025: 0.1%● unchanged vs 09-2025 11-2025: 0.1%● unchanged vs 10-2025 12-2025: 0.1%● unchanged vs 11-2025 01-2026: 0.1%● unchanged vs 12-2025 02-2026: 0.1%● unchanged vs 01-2026 03-2026: 0.2%▲ +0.1 percentage points vs 02-2026 04-2026: 0.2%● unchanged vs 03-2026highest value 05-2026: 0.2%● unchanged vs 04-2026 06-2026: 0.2%● unchanged vs 05-2026 07-2026: 0.1%▼ -0.1 percentage points vs 06-2026 08-2026: 0.1%● unchanged vs 07-2026 09-2026: 0.1%● unchanged vs 08-2026 10-2026: 0.1%● unchanged vs 09-2026 11-2026: 0.1%● unchanged vs 10-2026

Credit of up to €2,000 on 30-day terms is acceptable

Liquidity is ample, with a current ratio of 3.22 (1.49 in 2024), above the usual 1.5. Short-term debt is 31.1% and cash 13.4% of total assets. 31.1% 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 77% of them on solvency, 63% on liquidity, 38% on profitability and 29% on growth.

The bankruptcy probability was computed on 02-11-2026 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

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

Liquidity: current ratio 3.22, cash €53,236

NBB · annual accounts

Equity €273,480 (68.9% of total assets)

NBB · annual accounts

Legal form: public limited company

KBO

Size: turnover €24,500, total assets €396,848

Companies of this size fail more often. How much that weighs depends on the rest of the company's profile.

NBB · annual accounts

Growing equity

Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.

NBB · annual accounts 2025

Equity per financial year

1819202122232425

2018 to 2025 · latest year €273,480

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 11-06-2026, 50 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

50 days early

2024

56 days early

2023

20 days early

2022

3 days late

2021

40 days early

2020

40 days early

2019

38 days early

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 34 days before the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.

Searched, nothing found (2)

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. The company usually files around 21 June (4 of the last 5 accounts filed within 30 days either side of that date).

Companies Code · seven months

Where today falls in the filing period

03-11-2026 today31-12-2026 year end31-07-2027 deadline

No strike-offs in the KBO publications

That holds for every publication since 2021.

KBO publications

Financials

Financials · financial year 2025, full format

Annual accounts 2025 filed on 11-06-2026 at the NBB all 13 filings

Turnover

€24,500▼ 90.9%

2024 · €270,258

EBIT margin

-21.2%▼ 282.0pp

2024 · 260.9%

Net result

€9,493▼ 98.3%

2024 · €555,275

Working capital

€273,480▲ 3.6%

2024 · €263,987

Multi-year overview

2018 to 2025, 8 financial years

Turnover

€24,500

▼ 90.9% 2025

20182025

Operating result

-€5,188

2025

20182025

Net result

€9,493

▼ 98.3% 2025

middle half of the sector

20182025

EBIT margin

-21.2%

▼ 282.0pp 2025

20182025

Equity

€273,480

▲ 3.6% 2025

middle half of the sector

20182025

Total assets

€396,848

▼ 50.6% 2025

lowest quarter of the sector

20182025

Debt

€123,368

▼ 77.1% 2025

20182025

Working capital

€273,480

▲ 3.6% 2025

middle half of the sector

20182025

Solvency

68.9%

▲ 36.0pp 2025

middle half of the sector

20182025

Current ratio

3.22

▲ 1.73 2025

middle half of the sector

20182025

Return on assets (ROA)

2.4%

▼ 66.8pp 2025

middle half of the sector

20182025

Every figure per financial year

Every figure with its change against the financial year before

favourable unfavourable

Line20182019202020212022202320242025

Turnover€1.5m-€0.5m▼ 67.0%€1.2m▲ 148%€0.9m▼ 26.7%€3.0m▲ 242%€2.2m▼ 26.2%€0.3m▼ 87.9%€0.02m▼ 90.9%

Operating result€0.9m-€0.2m▼ 81.1%€0.8m▲ 395%-€0.1m€0.9m€0.5m▼ 48.0%€0.7m▲ 49.5%-€0.005m

Net result€0.8m-€0.1m▼ 85.2%€0.8m▲ 521%-€0.2m€0.7m€0.3m▼ 49.5%€0.6m▲ 63.6%€0.009m▼ 98.3%

EBIT margin58.0%-33.2%▼ 24.8pp66.3%▲ 33.1pp-12.8%▼ 79.1pp30.1%▲ 42.9pp21.2%▼ 8.9pp260.9%▲ 239.7pp-21.2%▼ 282.0pp

Equity-€0.9m--€0.8m▲ 13.3%-€0.04m▲ 95.4%-€0.3m▼ 588%€0.4m€0.1m▼ 74.1%€0.3m▲ 143%€0.3m▲ 3.6%

Total assets€2.3m-€2.7m▲ 17.7%€2.9m▲ 6.4%€5.6m▲ 96.6%€3.6m▼ 35.6%€5.3m▲ 45.6%€0.8m▼ 84.7%€0.4m▼ 50.6%

Debt€3.2m-€3.5m▲ 8.8%€2.9m▼ 16.9%€5.9m▲ 103%€3.2m▼ 45.6%€5.1m▲ 61.3%€0.5m▼ 89.5%€0.1m▼ 77.1%

Working capital-€0.6m--€0.5m▲ 18.8%-€0.03m▲ 95.0%-€0.3m▼ 889%€0.4m€0.1m▼ 75.5%€0.3m▲ 143%€0.3m▲ 3.6%

Solvency-40.4%--29.7%▲ 10.6pp-1.3%▲ 28.4pp-4.5%▼ 3.2pp11.6%▲ 16.1pp2.1%▼ 9.6pp32.9%▲ 30.8pp68.9%▲ 36.0pp

Current ratio0.78-0.84▲ 0.060.99▲ 0.150.96▼ 0.031.14▲ 0.181.02▼ 0.121.49▲ 0.473.22▲ 1.73

Return on assets (ROA)36.3%-4.6%▼ 31.7pp26.7%▲ 22.1pp-3.9%▼ 30.5pp18.7%▲ 22.5pp6.5%▼ 12.2pp69.2%▲ 62.7pp2.4%▼ 66.8pp

above within below The sector band is the middle half of the companies in Real estate activities (NACE 68). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.

The operating result for 2025 is a loss of €5,188, after a profit of €705,028 in 2024.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Equity and liabilities €396,848

68.9%

31.1%

Equity €273,480 ▲ 3.6%

Debt €123,368 ▼ 77.1%

Debt's share of the balance-sheet total falls from 67.1% to 31.1%. Equity is higher and debt is lower.

Key figures and ratios

2025 value · change against 2024

Debt to equity

0.45▼

2024 · 2.04

ROE

3.5%▼

2024 · 210.3%

Debt ≤ 1 year

€123,368▼

2024 · €538,724

Income taxes

€2,764▼

2024 · €193,536

Customer credit

24 days▼

2024 · 86 days

Supplier credit

2885 days▲

2024 · 995 days

Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Auditor

fees

The auditor is BDO BEDRIJFSREVISOREN-BDO REVISEURS D'ENTREPRISES.

Item	2021	2022	2023	2024	2025
Fee for the audit	€4,135	€5,500	€5,690	€5,770	€5,940

Source: notes to the 2021 to 2025 annual accounts (relations with the auditor)

Annual accounts

OverviewIncome statement Balance sheet Cash flow

Last 5 years All years

Filed annual accounts As filed with the NBB · 2025 against 2024 · 48 lines

Balance sheet Code20242025

Assets

Total assets20/58€802,711€396,848▼

Current assets29/58€802,711€396,848▼

Amounts receivable within one year40/41€784,579€343,612▼

Trade receivables40€63,435€1,579▼

Other amounts receivable41€721,144€342,033▼

Cash at bank and in hand54/58€18,132€53,236▲

Equity and liabilities

Total equity and liabilities10/49€802,711€396,848▼

Equity10/15€263,987€273,480▲

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€196,337€205,830▲

Amounts payable17/49€538,724€123,368▼

Amounts payable within one year42/48€538,724€123,368▼

Trade debts44€123,916€111,866▼

Suppliers440/4€123,916€111,866▼

Taxes, remuneration and social security45€14,808€11,501▼

Taxes450/3€14,808€11,501▼

Other amounts payable47/48€400,000-

Income statement Code20242025

Operating income70/76A€784,797€24,500▼

Turnover70€270,258€24,500▼

Change in stocks of work in progress, finished goods and contracts in progress71€512,959-

Other operating income74€1,579-

Operating charges60/66A€79,769€29,688▼

Goods for resale, raw materials and consumables60€45,454€14,153▼

Purchases600/8€45,454€14,153▼

Services and other goods61€31,218€13,934▼

Other operating charges640/8€3,097€1,601▼

Operating profit (loss)9901€705,028-€5,188▼

Financial income75/76B€57,163€19,102▼

Recurring financial income75€57,163€19,102▼

Income from current assets751€57,163€19,102▼

Financial charges65/66B€13,379€1,657▼

Recurring financial charges65€13,379€1,657▼

Other financial charges652/9€13,379€1,657▼

Profit (loss) for the period before taxes9903€748,811€12,257▼

Income taxes67/77€193,536€2,764▼

Taxes670/3€193,536€3,456▼

Tax adjustments and reversals of tax provisions77-€692

Profit (loss) for the period9904€555,275€9,493▼

Profit (loss) for the period to be appropriated9905€555,275€9,493▼

Appropriation of the result

Profit (loss) to be appropriated9906€596,337€205,830▼

Profit (loss) brought forward from the previous period14P€41,062€196,337▲

Profit to be distributed694/7€400,000-

Return on contributions (dividend)694€400,000-

The notes to these accounts have 11 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 11-06-2026.

Line	2018	2019	2020	2021	2022	2023	2024	2025	Change
Operating income70/76A	-	-	-	€3.6m	€2.7m	€1.2m	€0.8m	€0.02m	▼ 96.9%
Turnover70	€1.5m	€0.5m	€1.2m	€0.9m	€3.0m	€2.2m	€0.3m	€0.02m	▼ 90.9%
Change in stocks of work in progress, finished goods and contracts in progress71	-	-	-	€2.7m	-€0.3m	-€1.0m	€0.5m	-	-
Other operating income74	-	-	-	-	-	-	€0.002m	-	-
Non-recurring operating income76A	-	-	-	-	€0.02m	-	-	-	-
Operating charges60/66A	-	-	-	€3.7m	€1.8m	€0.8m	€0.08m	€0.03m	▼ 62.8%
Goods for resale, raw materials and consumables60	-	-	-	€1.5m	€0.8m	€1.9m	€0.05m	€0.01m	▼ 68.9%
Purchases600/8	-	-	-	€1.5m	€0.8m	€1.9m	€0.05m	€0.01m	▼ 68.9%
Change in stocks: decrease (increase)609	-	-	-	-	-	€0	-	-	-
Services and other goods61	-	-	-	€1.0m	€1.0m	€0.02m	€0.03m	€0.01m	▼ 55.4%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4	-	-	-	€1.2m	-€0.007m	-€1.2m	-	-	-
Other operating charges640/8	-	-	-	€0.02m	€0.02m	€0.002m	€0.003m	€0.002m	▼ 48.3%
Operating profit (loss)9901	€0.9m	€0.2m	€0.8m	-€0.1m	€0.9m	€0.5m	€0.7m	-€0.005m	-
Financial income75/76B	-	-	-	€0.01m	€20	€0.02m	€0.06m	€0.02m	▼ 66.6%
Recurring financial income75	€32	-	-	€0.01m	€20	€0.02m	€0.06m	€0.02m	▼ 66.6%
Income from current assets751	-	-	-	€0.01m	-	€0.02m	€0.06m	€0.02m	▼ 66.6%
Other financial income752/9	-	-	-	€0	€20	-	-	-	-
Financial charges65/66B	-	-	-	€0.1m	€0.1m	€0.03m	€0.01m	€0.002m	▼ 87.6%
Recurring financial charges65	€0.03m	€0.04m	€0.04m	€0.1m	€0.1m	€0.03m	€0.01m	€0.002m	▼ 87.6%
Debt charges650	€0.01m	€0.02m	€0.01m	€0.04m	€0.05m	€0.01m	-	-	-
Other financial charges652/9	-	-	-	€0.07m	€0.05m	€0.02m	€0.01m	€0.002m	▼ 87.6%
Profit (loss) for the period before taxes9903	€0.8m	€0.1m	€0.8m	-€0.2m	€0.8m	€0.5m	€0.7m	€0.01m	▼ 98.4%
Income taxes67/77	-	-	-	-	€0.1m	€0.1m	€0.2m	€0.003m	▼ 98.6%
Taxes670/3	-	-	-	-	€0.1m	€0.1m	€0.2m	€0.003m	▼ 98.2%
Tax adjustments and reversals of tax provisions77	-	-	-	-	-	-	-	€0.001m	-
Profit (loss) for the period9904	€0.8m	€0.1m	€0.8m	-€0.2m	€0.7m	€0.3m	€0.6m	€0.009m	▼ 98.3%
Profit (loss) for the period to be appropriated9905	€0.8m	€0.1m	€0.8m	-€0.2m	€0.7m	€0.3m	€0.6m	€0.009m	▼ 98.3%

Line	2018	2019	2020	2021	2022	2023	2024	2025	Change
Assets
Total assets20/58	€2.3m	€2.7m	€2.9m	€5.6m	€3.6m	€5.3m	€0.8m	€0.4m	▼ 50.6%
Current assets29/58	€2.3m	€2.7m	€2.9m	€5.6m	€3.6m	€5.3m	€0.8m	€0.4m	▼ 50.6%
Stocks and contracts in progress3	€0.2m	€1.4m	€1.8m	€3.4m	€3.0m	€3.2m	-	-	-
Contracts in progress37	-	-	-	€3.4m	€3.0m	€3.2m	-	-	-
Amounts receivable within one year40/41	€2.1m	€0.1m	€0.3m	€2.1m	€0.02m	€1.1m	€0.8m	€0.3m	▼ 56.2%
Trade receivables40	-	-	-	€0.1m	€0.001m	€0.1m	€0.06m	€0.002m	▼ 97.5%
Other amounts receivable41	-	-	-	€2.0m	€0.02m	€1.0m	€0.7m	€0.3m	▼ 52.6%
Cash at bank and in hand54/58	€0.003m	€1.2m	€0.8m	€0.2m	€0.5m	€0.9m	€0.02m	€0.05m	▲ 194%
Equity and liabilities
Total equity and liabilities10/49	€2.3m	€2.7m	€2.9m	€5.6m	€3.6m	€5.3m	€0.8m	€0.4m	▼ 50.6%
Equity10/15	-€0.9m	-€0.8m	-€0.04m	-€0.3m	€0.4m	€0.1m	€0.3m	€0.3m	▲ 3.6%
Contributions10/11	€0.06m	€0.06m	€0.06m	€0.06m	€0.06m	€0.06m	€0.06m	€0.06m	=
Capital10	-	-	-	€0.06m	€0.06m	€0.06m	€0.06m	€0.06m	=
Issued capital100	-	-	-	€0.06m	€0.06m	€0.06m	€0.06m	€0.06m	=
Reserves13	-	-	-	-	€0.006m	€0.006m	€0.006m	€0.006m	=
Non-distributable reserves130/1	-	-	-	-	€0.006m	€0.006m	€0.006m	€0.006m	=
Legal reserve130	-	-	-	-	€0.006m	€0.006m	€0.006m	€0.006m	=
Profit (loss) carried forward14	-€1.0m	-€0.9m	-€0.1m	-€0.3m	€0.4m	€0.04m	€0.2m	€0.2m	▲ 4.8%
Amounts payable17/49	€3.2m	€3.5m	€2.9m	€5.9m	€3.2m	€5.1m	€0.5m	€0.1m	▼ 77.1%
Amounts payable within one year42/48	€2.9m	€3.2m	€2.9m	€5.9m	€3.2m	€5.1m	€0.5m	€0.1m	▼ 77.1%
Trade debts44	€0.9m	€1.2m	€0.3m	€0.3m	€0.1m	€0.5m	€0.1m	€0.1m	▼ 9.7%
Suppliers440/4	-	-	-	€0.3m	€0.1m	€0.5m	€0.1m	€0.1m	▼ 9.7%
Advances received on contracts in progress46	-	-	-	€1.8m	-	€3.7m	-	-	-
Taxes, remuneration and social security45	-	-	-	-	€0.1m	€0.3m	€0.01m	€0.01m	▼ 22.3%
Taxes450/3	-	-	-	-	€0.1m	€0.3m	€0.01m	€0.01m	▼ 22.3%
Other amounts payable47/48	-	-	-	€3.8m	€2.9m	€0.7m	€0.4m	-	-
Accrued charges and deferred income492/3	-	-	-	€0.001m	€0.02m	-	-	-	-

Line	2018	2019	2020	2021	2022	2023	2024	2025	Change
Profit (loss) for the period9904	€0.8m	€0.1m	€0.8m	-€0.2m	€0.7m	€0.3m	€0.6m	€0.009m	▼ 98.3%
Operating cash flow (approximation)	€0.8m	€0.1m	€0.8m	-€0.2m	€0.7m	€0.3m	€0.6m	€0.009m	▼ 98.3%
Change in cash	-	€1.2m	-€0.4m	-€0.6m	€0.4m	€0.4m	-€0.9m	€0.04m	-

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

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Historical observation

In July 2024, 10,904 companies had the same profile as EZELDIJK DEVELOPMENT has now. Two years later, 95.1% were still going and 0.7% had gone bankrupt.

Micro
10 to 20 years old
solvency 30% or more
a profit under 5% of the balance sheet

95.1% was still going

4.0% stopped otherwise

0.7% went bankrupt

That fits the bankruptcy probability of EZELDIJK 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 10,904 companies, not a prediction for EZELDIJK 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.

Latest 10 of 13 filings with the National Bank

Financial year	Type	Filed	Reference	Document
31-12-2025	full format	11-06-2026	2026-00161933	PDF
31-12-2024	full format	05-06-2025	2025-00124902	PDF
31-12-2023	full format	11-07-2024	2024-00240483	PDF
31-12-2022	full format	03-08-2023	2023-00317291	PDF
31-12-2021	full format	21-06-2022	2022-20077742	PDF
31-12-2020	full format	21-06-2021	2021-22900428	PDF
31-12-2019	full format	23-06-2020	2020-19900407	PDF
31-12-2018	full format	04-06-2019	2019-15700360	PDF
31-12-2017	full format	11-06-2018	2018-17500556	PDF
31-12-2016	full format	21-06-2017	2017-20100266	PDF

Show all 13 filings

Board & ownership

Directors

3 directors, last change in 2024

Board 3

Ciril NV

Director · since 28-05-2021 · 6-year term from 2024 · Legal entity · permanent representative: Philip Demot · listed in the 2025 annual accounts, filed on 11-06-2026

Current

PVMA BV

Director · since 28-05-2021 · Legal entity · listed in the 2025 annual accounts, filed on 11-06-2026

Current

Jan Vanonckelen

Director · since 31-05-2024 · 6-year term from 2024 · listed in the 2025 annual accounts, filed on 11-06-2026

Current

Permanent representatives 1

Philip Demot

Permanent representative · in office according to the act of 02-10-2024 · for Ciril NV

Current

Statutory auditor 1

BDO BEDRIJFSREVISOREN-BDO REVISEURS D'ENTREPRISES

Statutory auditor · current term since 30-05-2025 · listed in the 2025 annual accounts, filed on 11-06-2026

Current

Office holders in the KBO →

Owners and capital

Shareholders

3 owners

Chain of control

Democo Group NV consolidates
CYGA 71.24%
CIRIL 80%
EZELDIJK DEVELOPMENT

CIRILparent
Sourceaccounts CIRIL 2025
Equity €29.3m Profit of €4.1m in 2025 (profit of €1.2m in 2024) Checked score 91

80%
Democo Group NVconsolidating parent
Sourceparent in own accounts 2025

consolidates
DIEST INVEST
Sourceaccounts DIEST INVEST 2025
Equity €1.7m Profit of €135,850 in 2025 (profit of €131,803 in 2024) Checked score 96

20%

Mandate history

5 people, 4 in office

All 5 In office 4 Ended 1

Board
Statutory auditor
began earlier
end not dated

Mandates per person, with start and end dates
Name	Functions and periods
PVMA BV	Director, from 28-05-2021 to date
Ciril NV	Director, since before 10-07-2024
Jan Vanonckelen	Director, since before 10-07-2024
BDO BEDRIJFSREVISOREN-BDO REVISEURS D'ENTREPRISES	Statutory auditor, appointed in the act of 02-08-2022, still in office
Pieter Vanhout Multidisciplinaire Architectenvennootschap BV	Director, from before 10-07-2024, no longer listed in the 2025 annual accounts

See the board, name and registered office on a given date →

Network & group

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

Companies at the same address

44 other companies

and 34 more

Connections & network

3 current directors

Depth

The network starts from the directors of EZELDIJK DEVELOPMENT. Every other company they run is a node.

This company Company Director Shareholding +N: links not shown yet

Timeline

Acts, filings and financial milestones

All 19Financial 5Gazette 4Filings 10

Deadline for the 2026 accounts: 31-07-2027

2026

11-06

NBB filing Annual accounts 2025 filedNBB

full format · 50 days before the deadline

2025

31-12

Financial Liquidity more than doubledcurrent ratio 3.22

The current ratio rises from 1.49 to 3.22. Short-term debt falls from €538,724 to €123,368.

15-10

Gazette deed Appointment: BDO Bedrijfsrevisoren (statutory auditor)

2 points ▸

General meeting, 12-09-2025
Auditor appointment, BDO Bedrijfsrevisoren (statutory auditor)

Open the act in the Belgian Official Gazette

05-06

NBB filing Annual accounts 2024 filedPDF

full format · 56 days before the deadline

2024

31-12

Financial Equity above €200,000equity €263,987 ▲143%

After 3 profitable years in a row, equity reaches €263,987.

02-10

Gazette deed 3 reappointed

Reappointments: Jan Vanonckelen, Pieter Vanhout Multidisciplinaire Architectenvennootschap BV and Ciril NV · Permanent representatives: Pieter Vanhout, Philip Demot and Jan Vanonckelen11 points ▸

General meeting, 10-07-2024
Director reappointment, Jan Vanonckelen (director)
Director reappointment, Pieter Vanhout Multidisciplinaire Architectenvennootschap BV (director)
Director reappointment, Ciril NV (director)
Board composition, Jan Vanonckelen (director)
Board composition, Pieter Vanhout Multidisciplinaire Architectenvennootschap BV (director)
Board composition, Ciril NV (director)
Board composition, PVMA BV (director)
Permanent representative, Pieter Vanhout, mentioned 2 times in the deed
Permanent representative, Philip Demot
Permanent representative, Jan Vanonckelen

Open the act in the Belgian Official Gazette

11-07

NBB filing Annual accounts 2023 filedPDF

full format · 20 days before the deadline

2023

03-08

NBB filing Annual accounts 2022 filedPDF

full format · 3 days late

2022

31-12

Financial Back to profitnet €672,726

The net result is €672,726, after one loss-making year.

31-12

Financial Equity above €200,000equity €419,228

Equity rises from -€253,498 to €419,228.

02-08

Gazette deed Appointment: BDO Bedrijfsrevisoren BV (statutory auditor)

Permanent representatives: Pieter Vanhout and Philip Demot5 points ▸

General meeting, 27-05-2022
Auditor appointment, BDO Bedrijfsrevisoren BV (statutory auditor)
Other provision, “vertegenwoordigd door, natuurlijke vertegenwoordiger van commissaris” (deed in Dutch), mentioned 2 times in the deed
Permanent representative, Pieter Vanhout
Permanent representative, Philip Demot

Open the act in the Belgian Official Gazette

21-06

NBB filing Annual accounts 2021 filedPDF

full format · 40 days before the deadline

Show earlier events

2021

31-12

Financial Weakest financial yearnet -€216,652

The net result drops to -€216,652, the lowest from 2018 to 2025. It recovers the following year.

21-06

NBB filing Annual accounts 2020 filedPDF

full format · 40 days before the deadline

2020

23-06

NBB filing Annual accounts 2019 filedPDF

full format · 38 days before the deadline

2019

04-06

NBB filing Annual accounts 2018 filedPDF

full format · 57 days before the deadline

2018

11-06

NBB filing Annual accounts 2017 filedPDF

full format · 50 days before the deadline

2017

21-06

NBB filing Annual accounts 2016 filedPDF

full format · 40 days before the deadline

2012

28-08

Gazette deed IncorporationPDF

Show all 13 filings

Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.

Sources:Publications in the Belgian Official Gazette Filings with the National Bank

History

On 17 August 2012, EZELDIJK DEVELOPMENT was incorporated.¹ Turnover went from €1.5m in 2018 to €24,500 in 2025.²

Company details

Register details

Identity

KBO record

Name EZELDIJK DEVELOPMENT in Dutch

Enterprise number 0848.067.634

Legal form Public limited company

Status Active, normale toestand

Founded 17-08-2012

Entity type Legal entity

Registered office and establishments

Registered office Herkenrodesingel 4B, 3500 Hasselt, Belgium

Establishment unit EZELDIJK DEVELOPMENT, Herkenrodesingel 4B, 3500 Hasselt since 01-09-2012 · unit number 2.212.354.620

Activities

NACEBEL 2025

68110 Buying and selling of own real estate main activity

68310 Real estate agency activities

Codes under NACEBEL 2008

68100 Real estate activities main activity

68311 Real estate activities

Invoicing and payment

VAT number BE 0848.067.634

E-invoicing via Peppol

Reachable via Peppol

Peppol ID 0208:0848067634

Other Peppol ID 9925:BE0848067634

Registered 08-07-2025

Follow this company and you will hear the next morning if it leaves the Peppol register.

Financial year and general meeting

Accounts at the NBB

Financial year end 31-12

Environmental permits

8 applications in Flanders since 2019 · 7 granted

Het reliëf van de bodem aanmerkelijk wijzigen; Nieuwbouw of aanleggen; Nieuwbouw van bijgebouwen, niet-overdekte lage constructies en andere handelingen; Verbouwen / Wijzigen Infrastructuur; Verwijderen van vrijstaande bijgebouwen, niet-overdekte lage constructies of andere beperkte handelingen

Granted on 16-09-2024submitted 08-05-2024authority: Diestproject 2024063245

Bomen vellen die geen deel uitmaken van een bos en/of bodemreliëf wijzigen; Nieuwbouw van bijgebouwen, niet-overdekte lage constructies en andere handelingen; Verwijderen van vrijstaande gebouwen

Acknowledged on 28-04-2024submitted 28-03-2024Notificationauthority: Diestproject 2024046555

Bouwen of herbouwen

Granted on 09-03-2020submitted 19-12-2019authority: Diestproject 2019153038

Bouwen of herbouwen

Granted on 27-01-2020submitted 09-11-2019authority: Diestproject 2019135895

Bouwen of herbouwen

Granted on 23-12-2019submitted 02-10-2019authority: Diestproject 2019110542

Bouwen of herbouwen

Granted on 08-11-2019submitted 14-08-2019authority: Diestproject 2019097932

Bouwen of herbouwen

Granted on 28-10-2019submitted 05-08-2019authority: Diestproject 2019077160

Bouwen of herbouwen

Granted on 19-08-2019submitted 27-05-2019authority: Diestproject 2019070117

Source: Omgevingsloket Vlaanderen.

Sites & property

Location

registered office establishment The establishment unit on the map

45 companies at this address See who is registered here

Buildings and parcels at the address

Ground area

2,234 m²

Building footprint

622 m²

Building volume

8,953 m³

Cadastral parcel	Region	Area	Buildings	Height / floors
71327G0668/00T000	Flanders	2,234 m²	1 · 622 m²	19.5 m · 5

Overview

Overview

Official details

Board and ownership

Financial position

Checked score

Signals

Financials

Financials · financial year 2025, full format

Auditor

Historical observation

Board & ownership

Directors

Board 3

Statutory auditor 1

Owners and capital

Shareholders

Owners 3

Mandate history

Network & group

Companies at the same address

Connections & network

Timeline

Acts, filings and financial milestones

History

Company details

Register details

Identity

Registered office and establishments

Activities

Invoicing and payment

Financial year and general meeting

Environmental permits

Sites & property

Buildings and parcels at the address