MONTEFIORE DEVELOPMENT
ActiveSummary
MONTEFIORE DEVELOPMENT has been active since 2019 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €616,182 and a net result of €233,822. Equity is growing by about 8.7% per year across the filed financial years. Its solvency ranks better than 11% of 1,028 sector peers (NACE 41, financial year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Overview
- Equity
- €616,182
- Profit
- €233,822
- Largest shareholder
- FOREMOST IMMO · 50%
- Bart De LaereDirector
Why 70raises riskSector: Construction of residential and non-residential buildings (NACE 41)Equity €616,182 (2.3% of total assets)No registered site in the KBOlowers riskSize: total assets €26.6mShow the evidence
Checked score
About 6 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 41, medium-sized): better than 16% on solvency, 31% on liquidity, 36% on profitability and 95% on growth.
The bankruptcy probability was computed on 29-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 30 days after the deadline; the sector median (NACE 41) for financial year 2024 is on the deadline day, and 46% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · full…
- Highest result from 2019 to 2025net €233,822 ▲189%
- Equity above €500,000equity €616,182 ▲61.2%
Financials · financial year 2025, full format
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result stays negative: a loss of €10,184 in 2025 against €77,459 in 2024; the loss shrinks.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 41, Construction of residential and non-residential buildings: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 179 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 97.2% are still going.
- Large
- solvency under 10%
- a profit under 5% of the balance sheet
- without age
For this company itself Checked computes a bankruptcy probability of 0.6% 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 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 179 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.
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | - | €9,125 | €11,951 | €27,359 | €82,873 | €11,731 | ▼ 85.8% |
| Gross operating margin9900 | €61,839 | €67,150 | €73,383 | €102,514 | €247,543 | €5,414 | €1,547 | ▼ 71.4% |
| Operating profit (loss)9901 | €58,297 | €58,310 | €64,258 | €90,563 | €220,184 | -€77,459 | -€10,184 | ▲ 86.9% |
| Financial income75/76B | - | - | - | - | €82,724 | €207,658 | €342,444 | ▲ 64.9% |
| Recurring financial income75 | - | - | - | - | €82,724 | €207,658 | €342,444 | ▲ 64.9% |
| Financial charges65/66B | - | - | €78,767 | €111,848 | €239,179 | €21,370 | €20,562 | ▼ 3.8% |
| Recurring financial charges65 | €72,265 | €70,438 | €78,767 | €111,848 | €239,179 | €21,370 | €20,562 | ▼ 3.8% |
| Profit (loss) for the period before taxes9903 | -€13,968 | -€12,128 | -€14,509 | -€21,285 | €63,730 | €108,829 | €311,698 | ▲ 186% |
| Income taxes67/77 | - | - | - | - | €460 | €27,849 | €77,876 | ▲ 180% |
| Profit (loss) for the period9904 | -€13,968 | -€12,128 | -€14,509 | -€21,285 | €63,270 | €80,980 | €233,822 | ▲ 189% |
| Profit (loss) for the period to be appropriated9905 | -€13,968 | -€12,128 | -€14,509 | -€21,285 | €63,270 | €80,980 | €233,822 | ▲ 189% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €2.8m | €2.8m | €3.1m | €4.0m | €5.0m | €12.0m | €26.6m | ▲ 121% |
| Fixed assets21/28 | - | - | - | - | - | - | €0.6m | - |
| Tangible fixed assets22/27 | - | - | - | - | - | - | €0.6m | - |
| Assets under construction and advance payments27 | - | - | - | - | - | - | €0.6m | - |
| Current assets29/58 | €2.8m | €2.8m | €3.1m | €4.0m | €5.0m | €12.0m | €26.0m | ▲ 116% |
| Stocks and contracts in progress3 | €2.5m | €2.7m | €2.9m | €3.7m | €0 | €0 | €0 | - |
| Stocks30/36 | - | - | €2.9m | €3.7m | €0 | - | - | - |
| Contracts in progress37 | - | - | - | - | €0 | €0 | €0 | - |
| Amounts receivable within one year40/41 | €0.007m | €58 | €0.007m | €194 | €4.8m | €7.7m | €4.0m | ▼ 47.6% |
| Trade receivables40 | - | - | - | €21 | €1.9m | €2.6m | €0.3m | ▼ 89.7% |
| Other amounts receivable41 | - | - | €0.007m | €173 | €2.9m | €5.1m | €3.8m | ▼ 26.0% |
| Current investments50/53 | - | - | - | - | €0 | €3.5m | €17.5m | ▲ 400% |
| Cash at bank and in hand54/58 | €0.3m | €0.1m | €0.2m | €0.3m | €0.2m | €0.8m | €4.5m | ▲ 438% |
| Deferred charges and accrued income490/1 | - | - | - | - | - | €0.003m | €0.04m | ▲ 14× |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €2.8m | €2.8m | €3.1m | €4.0m | €5.0m | €12.0m | €26.6m | ▲ 121% |
| Equity10/15 | €0.3m | €0.3m | €0.3m | €0.2m | €0.3m | €0.4m | €0.6m | ▲ 61.2% |
| Contributions10/11 | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | = |
| Capital10 | - | - | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | = |
| Issued capital100 | - | - | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | = |
| Reserves13 | - | - | - | - | €69 | €0.004m | €0.02m | ▲ 284% |
| Non-distributable reserves130/1 | - | - | - | - | €69 | €0.004m | €0.02m | ▲ 284% |
| Legal reserve130 | - | - | - | - | €69 | €0.004m | €0.02m | ▲ 284% |
| Profit (loss) carried forward14 | -€0.01m | -€0.03m | -€0.04m | -€0.06m | €0.001m | €0.08m | €0.3m | ▲ 284% |
| Amounts payable17/49 | €2.5m | €2.5m | €2.8m | €3.7m | €4.7m | €11.6m | €26.0m | ▲ 123% |
| Amounts payable after more than one year17 | €2.5m | €2.5m | €2.8m | €3.7m | €0 | - | - | - |
| Other amounts payable178/9 | - | - | €2.8m | €3.7m | €0 | - | - | - |
| Amounts payable within one year42/48 | €0.04m | €348 | €0.001m | - | €4.7m | €11.6m | €26.0m | ▲ 123% |
| Trade debts44 | €0.04m | €348 | €0.001m | - | €0.07m | €1.8m | €2.2m | ▲ 22.3% |
| Suppliers440/4 | - | - | €0.001m | - | €0.07m | €1.8m | €2.2m | ▲ 22.3% |
| Advances received on contracts in progress46 | - | - | - | - | €4.3m | €9.5m | €23.3m | ▲ 146% |
| Taxes, remuneration and social security45 | - | - | - | - | €0.3m | €0.4m | €0.5m | ▲ 41.2% |
| Taxes450/3 | - | - | - | - | €0.3m | €0.4m | €0.5m | ▲ 41.2% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€0.01m | -€0.01m | -€0.01m | -€0.02m | €0.06m | €0.08m | €0.2m | ▲ 189% |
| Operating cash flow (approximation) | -€0.01m | -€0.01m | -€0.01m | -€0.02m | €0.06m | €0.08m | €0.2m | ▲ 189% |
| Change in cash | - | -€0.2m | €0.03m | €0.1m | -€0.1m | €0.7m | €3.6m | ▲ 445% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (7)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | full format | 16-07-2026 | 2026-00312537 |
| 31-12-2024 | full format | 15-07-2025 | 2025-00280850 |
| 31-12-2023 | full format | 25-09-2024 | 2024-00491637 |
| 31-12-2022 | full format | 28-09-2023 | 2023-00465777 |
| 31-12-2021 | full format | 24-08-2022 | 2022-20327110 |
| 31-12-2020 | full format | 26-08-2021 | 2021-54900397 |
| 31-12-2019 | full format | 13-10-2020 | 2020-61200072 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Bart De Laere |
|
| Jan van Bergeijk |
|
Owners and capital
Owners
2 ownersOwners 2
-
50%
-
50%
Sources: the companies' annual accounts, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. 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 include these statements in its annual accounts, or does not have to, is not listed.
Capital and shareholders
- 24-01-2024 Capital stated in the deed · €300,000 · 100 shares
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
29-08
Gazette deed
Resignation: Jan van Bergeijk (director)Appointment: Bart De Laere (director) · Director discharge · Power of attorney11 facts ▸
- General meeting, 29-04-2025
- Director resignation, Jan van Bergeijk (director)
- Director discharge, Jan van Bergeijk (director)
- Director appointment, Bart De Laere (director)
- Board composition, Johan Van Wassenhove (director)
- Board composition, Bart De Laere (director)
- Board composition, Jean-Marie Backes (director)
- Board composition, G4 Finance (director)
- Power of attorney, Diederik De Block
- Power of attorney, Lisanne De Groote
- Power of attorney
24-01
Gazette deed
Amendment of the articlesCapital · Registered office clause4 facts ▸
- General meeting, 20-12-2023
- Amendment of the articles (2 times)
- Capital, €300,000
- Registered office clause, 4430 years, “rue des Anglais, 6A, assemblée générale” (deed in French)
About the unread acts
Of the 4 Belgian Official Gazette deeds we know for this company, 2 have been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
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, with enterprise number 0719.736.238
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 62332B0085/00C000 | Wallonia | 1.2 ha | - | - |
How the parcels are linked
Articles of association
What the company does
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- MONTEFIORE DEVELOPMENT
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région wallonne, adresse du siège peut être transférée en tout endroit de la Région wallonne par simple décision du conseil d’administration…” (deed in French)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Administrateur, à l'occasion de chaque nomination” (deed in French)“4, actionnaires ou non” (deed in French)
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Nominatives, registre des actions nominatives tenu au siège,consultable par tout actionnaire,mentions requises par le Code des sociétés et…” (deed in French)“Nominatifs, autres titres que les actions” (deed in French)1 more provision on this in the deed
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Mutatis mutandis, dispositions_Code_societes_associations” (deed in French)
- Financial instrumentSecurities other than shares, such as bonds or warrants, the company can issue.
- One provision in the deed
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- First Tuesday of June at 18:00
Oversight and winding up
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “À défaut liquidation par le conseil d'administration en fonction agissant le cas échéant en qualité de collège de liquidateurs, dissolution…” (deed in French)“Compétents pour toutes opérations prévues par la loi sauf décision contraire de l'assemblée générale à la majorité des voix” (deed in French)