KOMET DEVELOPMENT
ActiveSummary
KOMET DEVELOPMENT has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.2m and a net result of -€48,150. Its solvency ranks better than 74% of 11,268 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 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 4 November 2026.
- Activity
- Development of residential building projects NACE 68121
- Establishment unit
- 2.362.359.180 9000 Gent, since 28-06-2024
- Financial year end
- 31 December
- Peppol
- Reachable since 04-12-2025
Board and ownership
- HILLEWAERE MarkDirector
- Ninja ClubDirector · permanent representative HUYGHE Alexandre
- Revive WorldDirector · permanent representative BEARELLE Nicolas
- 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%
- Gross margin
- -€45,063
- Loss
- €48,150
- Equity
- €1.2m
- Total assets
- €2.0m
Score breakdownraises riskFounded in 2024lowers riskSize: total assets €2.0mSector: Real estate activities (NACE 68)Figures for financial year 2025 (filed on 15-06-2026)Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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, small). It does better than 76% of them on solvency, 31% on liquidity and 24% on profitability.
The bankruptcy probability was computed on 04-11-2026 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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Searched, nothing found (1)
Financials
Financials · financial year 2025, abbreviated format
Annual accounts 2025 filed on 15-06-2026 at the NBB
Turnover and EBIT margin are not published. The abbreviated format does not require them.
Securities and guarantees
| Item | 2025 |
|---|---|
| Debts secured on the company's own assets | €598,500 |
| Mortgages, amount registered | €25,000 |
| Mortgage mandates | €4.9m |
| Carrying value of the mortgaged assets | €1.6m |
Source: notes to the 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
| Line | 2025 |
|---|---|
| Other operating charges640/8 | €1,674 |
| Gross operating margin9900 | -€45,063 |
| Operating profit (loss)9901 | -€46,737 |
| Financial charges65/66B | €1,413 |
| Recurring financial charges65 | €1,413 |
| Profit (loss) for the period before taxes9903 | -€48,150 |
| Profit (loss) for the period9904 | -€48,150 |
| Profit (loss) for the period to be appropriated9905 | -€48,150 |
| Line | 2025 | |
|---|---|---|
| Assets | ||
| Total assets20/58 | €2.0m | |
| Current assets29/58 | €2.0m | |
| Stocks and contracts in progress3 | €1.6m | |
| Stocks30/36 | €1.6m | |
| Amounts receivable within one year40/41 | €0.3m | |
| Other amounts receivable41 | €0.3m | |
| Cash at bank and in hand54/58 | €0.09m | |
| Deferred charges and accrued income490/1 | €0.06m | |
| Equity and liabilities | ||
| Total equity and liabilities10/49 | €2.0m | |
| Equity10/15 | €1.2m | |
| Contributions10/11 | €1.3m | |
| Profit (loss) carried forward14 | -€0.05m | |
| Amounts payable17/49 | €0.8m | |
| Amounts payable within one year42/48 | €0.8m | |
| Financial debts43 | €0.6m | |
| Credit institutions430/8 | €0.6m | |
| Trade debts44 | €0.2m | |
| Suppliers440/4 | €0.2m | |
| Accrued charges and deferred income492/3 | €0.002m | |
| Line | 2025 |
|---|---|
| Profit (loss) for the period9904 | -€48,150 |
| Operating cash flow (approximation) | -€48,150 |
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 KOMET DEVELOPMENT has now. Two years later, 95.8% were still going and 0.8% had gone bankrupt.
- Small
- 2 to 5 years old
- solvency 30% or more
- a small loss
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of KOMET 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 KOMET 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 | 2026-00166662 |
Board & ownership
Directors
Board 4
Permanent representatives 2
Owners 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%
Owners through the years 2024 to 2025
| Name | 2024 | 2025 |
|---|---|---|
| BELFIUS IMMO | 50% | |
| Minet Invest | 50% | |
Source: lists of holdings in the owners' accounts
Capital transactions
- BELFIUS IMMO (BE 0436.006.090) €1,710,000
- MINET INVEST (BE 1010.762.665) €190,000
- BELFIUS IMMO (BE 0436.006.090) 50 shares (50%) · €1,800,000
- MINET INVEST (BE 1010.762.665) 50 shares (50%) · €200,000
- 24-04-2026 Capital increase of €1,900,000 · no new shares · in cash
- 24-04-2026 Converted to available equity · €1,900,000
- 02-07-2024 Incorporation · €2,000,000 · 100 shares
Mandate history
- 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.
- 4 directors“Meerderheid van Bestuurders aanwezig of vertegenwoordigd waarvan telkens minstens één A Bestuurder en één B Bestuurder, gewone meerderheid…”
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.
- “Één of meerdere vereffenaars aanduiden,bevoegdheden omlijnen,vergoeding bepalen, indien geen andere vereffenaar benoemd”
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 21-09-2026Founded in 2026 1042.777.021
- Beaulieu Development Registered office · since 17-09-2026Founded in 2026 1042.652.406
- Lisboa Oriente Holding Registered office · since 20-05-2026Founded in 2026 1038.144.379
- AmiNoH Registered office · since 08-01-2026Founded in 2026 1032.717.428
- NoHmos Registered office · since 08-01-2026Founded in 2026 1032.713.270
- Re-NoHvo Registered office · since 16-12-2025Founded in 2025 1031.701.797
- Restore Woluwe Garden Registered office · since 11-08-2025Founded in 2025 1026.377.982
- Re-Store Registered office · since 03-02-2025Founded in 2025 · total assets €5.5m (2025) 1019.516.520
- ReS Invest Registered office · since 12-12-2024Founded in 2024 1017.268.494
- TWEE KRANEN Registered office · since 10-09-2024Founded in 2024 · total assets €13.4m (2025) · negative equity 1013.374.539
Connections & network
33 connected companies, 3 earlier tiesShow 29 more companies with a shared director
Timeline
Acts, filings and financial milestones
15-07
Gazette deed
Resignation: Frédéric Baert (director)Appointment: Liesbeth Gestels (director) · Director discharge: Frédéric Baert8 points ▸
- General meeting, 11-06-2026
- Director resignation, Frédéric Baert
- Director discharge, Frédéric Baert
- Director appointment, Liesbeth Gestels
- Power of attorney, VGD Accountants en Belastingconsulenten
- Power of attorney, Bieke DEKLERCK
- Power of attorney, Gaëlle DE PRÊTRE
- Power of attorney, Neelke DE VRIENDT
24-04
Gazette deed
Capital increase of €1,900,000Contributions: BELFIUS IMMO (€1,710,000); MINET INVEST (€190,000)4 points ▸
- General meeting, 26-03-2026
- Capital increase, €1,900,000
- Capital contribution, €1,710,000
- Capital contribution, €190,000
- The act holds 3 more points.
02-07
Gazette deed
IncorporationFounding capital of €2,000,000, 100 shares, €500,000 paid up · Founders: BELFIUS IMMO and MINET INVEST · Appointments: HILLEWAERE Mark, BAERT Frédéric and 2 others11 points ▸
- Founder, BELFIUS IMMO
- Founder, MINET INVEST
- Founding capital, €2,000,000, 100 shares
- Registered office clause, Nieuwewandeling 62, 9000 Gent
- Board rule, 4
- Director appointment, HILLEWAERE Mark (class A director)
- Director appointment, BAERT Frédéric (class A director)
- Director appointment, Revive World (class B director)
- Director appointment, NINJA CLUB (class B director)
- Permanent representative, BEARELLE Nicolas
- Permanent representative, HUYGHE Alexandre
- The act holds 5 more points.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
5 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
Invoicing and payment
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 1010.925.981
Financial year and general meeting
Accounts at the NBBEnvironmental permits
Source: Omgevingsloket Vlaanderen.
Sites & property
Buildings and parcels at the address
| 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.