Friendship Development
ActiveSummary
Friendship Development has been active since 2006 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.4m and a net result of €17,960. Equity fluctuates too strongly from year to year to read a trend from it. Its solvency ranks better than 26% of 5,796 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
Official details
Source: KBO- Status
- Active since 02-05-2006 Normal situation
- Registered office
- 12 active companies are registered at this address Source: KBO register, as of 3 November 2026.
- Activity
- Buying and selling of own real estate NACE 68110
- Establishment unit
- 2.153.374.561 2018 Antwerpen, since 09-05-2006
- Financial year end
- 31 December
- Peppol
- Reachable since 09-10-2025
Board and ownership
- Auditor
- DELOITTE Bedrijfsrevisoren BV
- CORES DEVELOPMENT100%· score 972025 annual accounts of CORES DEVELOPMENT
- Cores Development NVconsolidatesannual accounts 2025
- Holdings
- Shares in 1 company Friendship E
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.2%
- Profit
- €17,960
- Equity
- €1.4m
- ▲ 1.3%
- Total assets
- €10.5m
- ▲ 9.1%
Score breakdownraises riskLiquidity: current ratio 97.86, cash €13,584, halvedEquity €1.4m (13.0% of total assets)lowers riskSize: total assets €10.5mFigures for financial year 2025 (filed on 15-06-2026)Show the evidence
Checked score
About 2 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, medium-sized). It does better than 33% of them on solvency, 53% on liquidity, 41% on profitability and 51% 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).
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Signals
The company filed its last 7 accounts on average 80 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)
Key points
Recent changes
- · Gazette deed Appointment: TRIANA (day-to-day manager)Permanent representative: Vanheukelen, Alexander Lieven Christiane Herlinde
- · Gazette deed Resignations: Groupe Audit Belgium, Mozes Spitzer and Crescenza BVPermanent representatives: Werner Claeys, Ben Vandeweyer and 3 others · Appointments: Deloitte Bedrijfsrevisoren BV, DOMEST and ROBINIA
- · Gazette deed Company renamed from Midcore Development to Friendship Development
Comparable companies
These companies have the same main activity as Friendship Development: buying and selling of own real estate (NACE 68110). They are comparable in size and age: total assets between €10m and €11m, founded between 2004 and 2007.
| Company | Total assets | Gross margin |
|---|---|---|
| Friendship Development Antwerpen | €10.5m | - |
| INTERESTING VASTGOED BELGIË Kapellen | €11.3m | -€0.009m |
| ALM GROUP Mol | €10.0m | -€0.07m |
| SPORTS ADVICE & MANAGEMENT Sint-Katelijne-Waver | €11.3m | €0.8m |
| ECO-SERVICE DC Ieper | €11.0m | -€0.03m |
| HBP Deinze | €10.3m | €0.7m |
| ENLAMAS Chaudfontaine | €11.3m | €0.02m |
Key facts about Friendship Development
- What is the company number of Friendship Development?
- The company number of Friendship Development is 0881.057.235. The VAT number is the same number with BE in front: BE 0881.057.235.
- Where is Friendship Development based?
- The registered office is at Mechelsesteenweg 176, 2018 Antwerpen.Company details
- What does Friendship Development do?
- According to the KBO register, the main activity is buying and selling of own real estate (NACE 68110).
- What is the legal form of Friendship Development?
- The legal form of Friendship Development is Public limited company (NV).
- When was Friendship Development founded?
- Friendship Development was founded on 02-05-2006.
- Is Friendship Development still active?
- Yes, Friendship Development is an active enterprise in the KBO register.
- What is the turnover of Friendship Development?
- The annual accounts for financial year 2025 state no turnover. In financial year 2024 turnover was €0.Financials
- Is Friendship Development profitable?
- In financial year 2025, Friendship Development made a profit of €17,960.
- Where can I find the annual accounts of Friendship Development?
- Friendship Development filed 20 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Friendship Development due?
- Friendship Development must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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