Equity
€667,690 from €2.3m in 2011
Equity fell by 71% in 14 years.
NEXT GENERATION DEVELOPMENT
Overview
Lifetime
19 annual accounts with figures on one time axis, 32 filings since 1993peak €192,496 (2021)
€53,724▲ €87,453
lowest -€519,543 (2013)
-€31,057▲ €102,623
peak €2.3m (2011)
€667,690▼ 4.4%
€35,566▼ 3.2%
Board3 names since 2022
3 directors and 2 others
Owners2 names in the annual accounts
99.95%
Documentsfilings and deeds
26-12-202536 days before the deadline
2025financial year
Gross margin from -€33,729 to €53,724Loss of €31,057Registered office moved within Brussels 17-01Cash from €156 to €486
Key points
from the 2025 annual accountsLosses
-€203,987 in three years
Every financial year from 2023 to 2025 closed with a loss. 2024 was the heaviest.
Turnover
≈ €110,000 estimated
The accounts state no turnover.
Filings
32 annual accounts 34 filings since 1993
Five of the last ten came late. The 2022 accounts came latest: 29 days after the end of the period.
At the same address
272 companies
Position in the sector
94.9%
Higher solvency than 91% of companies in real estate. Sector median 38.2% · 5,812 companies.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 8,617 companies had the same profile as NEXT GENERATION DEVELOPMENT has now. Each dot stands for 22 companies, two years later.
94.2%
were still trading
5.2%
stopped another way
0.4%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,448 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 8,617 companies, not a prediction for NEXT GENERATION 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.
Credit verdict
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
Board and ownership
Managing director
Director
Director
- 99.95%score equity €2.2m (2025) · 30-09-2025 annual accounts of
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0446888995
Registered office moved within Brussels
New registered office: Avenue Louise 480, IT Tower 17ème étage à 1050 Bruxelles · Previous registered office: Avenue Georges Benoidt 21- 1170 Bruxelles · Board meeting of 27-12-2024 · Gazette deed
3 directors reappointed
(managing director), and · General meeting of 01-07-2023 · Gazette deed
Company renamed from PEGASE to NEXT GENERATION DEVELOPMENT
“1) Toutes opérations immobilières au sens le plus large du terme et notamment l’achat, la vente, l’échange, la…” (deed in French) · General meeting of 12-06-2019 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| NEXT GENERATION DEVELOPMENT Ixelles | €703,256 | €53,724 | 94.9% | - |
| GEXINCON - IMMO Berchem-Sainte-Agathe | €750,337 | €56,172 | 63.2% | - |
| PROJECT & MANAGEMENT DEVELOPMENT Brussels | €682,660 | €44,889 | 63.2% | - |
| KODIAK Watermael-Boitsfort | €586,985 | €66,936 | 35.6% | - |
| TITANS Merelbeke-Melle | €741,019 | €52,116 | 48.9% | - |
| SECURIMMO Ostend | €640,961 | €52,524 | 80.0% | - |
| CONSTANCE Genappe | €627,209 | €56,456 | 74.0% | - |
These companies have the same main activity as NEXT GENERATION DEVELOPMENT: real estate agency activities (NACE 68310). They are comparable in size and age: total assets between €587,000 and €750,000, founded between 1990 and 1996.
Official details
Source: KBO- Status
- Active since 20-03-1992Normal situation
- Registered office
- 273 active companies are registered at this address19 started in the 12 months before. Source: KBO register, as of 11 November 2026.
- Activity
- Real estate agency activitiesNACE 68310
- Establishment units
- 2.057.449.2811170 Watermael-Boitsfort, since 17-01-1996
- 2.136.586.9301050 Brussels, since 03-05-2002
- Financial year end
- 30 June
- Peppol
- Reachable since 24-12-2025
Annual accounts to 30-06-2025
- €53,724
- €31,057▼ 76.8%
- €667,690▼ 4.4%
- €703,256▼ 4.4%
- Filing
- Filed on 26-12-2025, 36 days before the end of the filing period
Insights on NEXT GENERATION DEVELOPMENT
NEXT GENERATION DEVELOPMENT has existed since 1992. The gross margin fell from €192,496 in 2021 to €8,787 in 2022.
holds all the shares. In September 2023, the Official Gazette published the appointment of as managing director.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
full format, filed on 26-12-2025, 36 days before the deadline€53,724
▲ €87,453
€52,345
▲ €88,466
-€31,057
▲ €102,623
€667,475
▼ 4.4%
94.9%
▼ 0.1 percentage points
20.07
▼ 0.21
The turnover shown is an estimate from the gross margin.
Turnover ≈ €110,000. Estimated: probably between €73,000 and €160,000.
Balance sheet
balance sheet total €703,256 on 30-06-2025What the company ownsHow it is paid for
in euro
in euro
Position in the sector
94.9%
Higher than 91% of 5,812 companies in 2025.
20.07
Higher than 92% of 5,563 companies in 2025.
-4.4%
Higher than 14% of 5,786 companies in 2025.
NEXT GENERATION DEVELOPMENT
Middle half of the sector
80% of the sector
Full accounts in real estate (NACE 68)
Net result: middle half · Equity: middle half · Balance sheet total: bottom quarter · Working capital: middle half
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||||||||||
20/58 |
703,256 | 735,504 | 848,392 | 1.3m | 1.2m | 2.2m | 1.4m | 9.8m | 10.1m | 9.9m | 9.8m | 9.2m | 7.4m | 5.2m | 3.6m | 994,247 | 861,341 | 746,355 | 767,434 | |
21/28 |
773 | 970 | 1,983 | 3,054 | 4,213 | 4,478 | 1.1m | 2.9m | 2.9m | 2.9m | 2.9m | 2.9m | 2.9m | 2.9m | 2.9m | 710,065 | 858,199 | 723,554 | 730,296 | |
21 |
- | 197 | 984 | 1,772 | 2,362 | 3,150 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
22/27 |
- | - | 226 | 510 | 823 | 300 | 500 | 2.9m | 2.9m | 2.9m | 2.9m | 2.9m | 2.9m | 2.9m | 2.9m | 710,065 | 858,199 | 723,554 | 730,271 | |
22 |
- | - | - | - | - | - | - | 2.9m | 2.9m | 2.9m | 2.9m | 2.9m | 2.9m | 2.9m | 2.9m | 704,729 | 849,914 | 709,850 | 709,850 | |
24 |
- | - | 226 | 510 | 823 | 300 | 500 | 511 | 18,426 | 20,662 | 8,758 | 1,256 | - | 505 | 1,258 | 5,336 | 8,285 | 13,704 | 20,421 | |
28 |
773 | 773 | 773 | 773 | 1,028 | 1,028 | 1.1m | 750 | 750 | 750 | 750 | 750 | - | - | - | - | - | - | 25 | |
29/58 |
702,484 | 734,535 | 846,410 | 1.3m | 1.2m | 2.2m | 358,063 | 7.0m | 7.2m | 7.1m | 6.9m | 6.4m | 4.5m | 2.3m | 752,520 | 284,182 | 3,142 | 22,802 | 37,138 | |
3 |
- | 106,744 | 106,634 | 417,958 | 348,356 | 299,677 | 3,054 | 7.0m | 7.0m | 6.9m | 6.8m | 6.2m | 4.3m | 2.3m | 743,624 | 268,232 | - | 16,838 | 30,826 | |
30/36 |
- | 106,744 | 106,634 | 417,958 | 348,356 | 299,677 | 3,054 | 7.0m | 7.0m | 6.9m | 6.8m | 6.2m | 4.3m | 2.3m | 743,624 | 268,232 | - | 16,838 | 30,826 | |
40/41 |
697,236 | 620,149 | 723,927 | 574,405 | 530,118 | 1.5m | 2,914 | - | 235,491 | 188,731 | 184,704 | 152,828 | 170,005 | 54,541 | 8,791 | 15,950 | 3,142 | 5,964 | 5,094 | |
40 |
35,850 | 35,850 | - | 12,600 | 105,700 | 14,010 | - | - | - | - | 13,360 | 15,000 | 69,723 | 7,568 | 2,310 | 935 | - | 5,758 | - | |
41 |
661,386 | 584,299 | 723,927 | 561,805 | 424,418 | 1.5m | 2,914 | - | 235,491 | 188,731 | 171,344 | 137,828 | 100,282 | 46,972 | 6,482 | 15,015 | 3,142 | 205 | 5,094 | |
54/58 |
486 | 156 | 5,723 | 350,515 | 362,288 | 356,079 | 352,095 | 29 | 13,907 | 237 | 46 | 69 | 45,011 | 193 | 105 | - | - | - | - | |
490/1 |
4,762 | 7,485 | 10,126 | - | 1,055 | 1,236 | - | 95 | 3,024 | - | - | - | - | 1,143 | - | - | - | - | 1,218 | |
| Balance sheet: equity and liabilities | ||||||||||||||||||||
10/49 |
703,256 | 735,504 | 848,392 | 1.3m | 1.2m | 2.2m | 1.4m | 9.8m | 10.1m | 9.9m | 9.8m | 9.2m | 7.4m | 5.2m | 3.6m | 994,247 | 861,341 | 746,355 | 767,434 | |
10/15 |
667,690 | 698,747 | 832,426 | 871,677 | 863,809 | 689,657 | 300,265 | 250,881 | 418,900 | 650,620 | 821,473 | 1.2m | 1.5m | 2.0m | 2.3m | 359,172 | 384,137 | 388,160 | 458,912 | |
10/11 |
2.5m | 2.5m | 2.5m | 2.5m | 2.5m | 2.5m | 2.5m | 2.5m | 2.5m | 2.5m | 2.5m | 2.5m | 2.5m | 2.5m | 2.5m | 128,370 | 128,370 | 128,370 | 128,370 | |
10 |
2.5m | 2.5m | 2.5m | 2.5m | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
100 |
2.5m | 2.5m | 2.5m | 2.5m | 2.5m | 2.5m | 2.5m | 2.5m | 2.5m | 2.5m | 2.5m | 2.5m | 2.5m | 2.5m | 2.5m | 128,370 | 128,370 | 128,370 | 128,370 | |
11 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 10,630 | 10,630 | 10,630 | 10,630 | |
1100/10 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 10,630 | 10,630 | 10,630 | 10,630 | |
12 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 134,046 | 134,046 | 134,046 | 134,046 | |
13 |
29,409 | 29,409 | 29,409 | 29,409 | 29,409 | 29,409 | 29,409 | 29,409 | 29,409 | 29,409 | 29,409 | 29,409 | 29,409 | 29,409 | 29,409 | 111,091 | 111,091 | 185,132 | 185,866 | |
130 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 12,500 | 12,500 | 12,500 | 12,500 | |
132 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 146,117 | 146,851 | |
133 |
29,409 | 29,409 | 29,409 | 29,409 | 29,409 | 29,409 | 29,409 | 29,409 | 29,409 | 29,409 | 29,409 | 29,409 | 29,409 | 29,409 | 29,409 | 98,591 | 98,591 | 26,515 | 26,515 | |
14 |
-1.9m | -1.8m | -1.7m | -1.7m | -1.7m | -1.8m | -2.2m | -2.3m | -2.1m | -1.9m | -1.7m | -1.4m | -1.0m | -526,133 | -218,855 | -24,965 | - | -70,018 | - | |
16 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 75,357 | 73,262 | |
160/5 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 2,500 | - | |
168 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 72,857 | 73,262 | |
17/49 |
35,566 | 36,758 | 15,966 | 474,255 | 382,221 | 1.5m | 1.1m | 9.6m | 9.7m | 9.3m | 9.0m | 8.1m | 5.9m | 3.2m | 1.3m | 635,075 | 477,204 | 282,838 | 235,259 | |
42/48 |
35,009 | 36,218 | 15,482 | 474,255 | 382,221 | 1.5m | 1.1m | 9.6m | 9.7m | 9.3m | 9.0m | 8.1m | 5.9m | 3.2m | 1.2m | 635,075 | 473,291 | 279,965 | 228,053 | |
43 |
- | - | - | 350,000 | 350,000 | 350,000 | 75,000 | 396,575 | 360,000 | 405,560 | 392,904 | 409,857 | 350,000 | 391,900 | 378,535 | 382,413 | 211,083 | 218,433 | 214,926 | |
430/8 |
- | - | - | 350,000 | 350,000 | 350,000 | 75,000 | 396,575 | 360,000 | 405,560 | 392,904 | 409,857 | 350,000 | 391,900 | 378,535 | 382,413 | 211,083 | 218,433 | 214,926 | |
44 |
26,814 | 35,553 | 12,555 | 75,844 | 11,821 | 63,220 | 3,478 | 32,893 | 106,504 | 8,989 | 37,647 | 275,776 | 430,909 | 166,152 | 257,094 | 137 | 1,519 | 1,064 | 8,044 | |
440/4 |
26,814 | 35,553 | 12,555 | 75,844 | 11,821 | 63,220 | 3,478 | 32,893 | 106,504 | 8,989 | 37,647 | 275,776 | 430,909 | 166,152 | 257,094 | 137 | 1,519 | 1,064 | 8,044 | |
45 |
6,234 | 665 | 385 | - | 20,400 | - | 48,419 | 3,017 | 1,749 | - | - | 0 | - | - | - | - | 7,612 | - | 4,999 | |
450/3 |
6,234 | 665 | 385 | - | - | - | 21,419 | 3,017 | 1,749 | - | - | 0 | - | - | - | - | 7,612 | - | 4,999 | |
454/9 |
- | - | - | - | 20,400 | - | 27,000 | - | - | - | - | - | - | - | - | - | - | - | - | |
47/48 |
1,961 | - | 2,542 | 48,411 | - | 1.1m | 1.0m | 9.1m | 9.2m | 8.9m | 8.6m | 7.4m | 5.1m | 2.6m | 537,742 | 252,525 | 253,077 | 60,468 | 84 | |
492/3 |
558 | 540 | 484 | - | - | - | 5,406 | - | - | - | - | - | - | - | 119,853 | - | 3,913 | 2,874 | 7,206 | |
| Income statement | ||||||||||||||||||||
76A |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 159 | 11,747 | - | 6,949 | 24,157 | |
9900 |
53,724 | -33,729 | -52,895 | 8,787 | 192,496 | 18,481 | 177,833 | -22,493 | -91,447 | -46,257 | -115,161 | -152,150 | -370,982 | -261,567 | -158,465 | -23,170 | -28,320 | -50,831 | -43,169 | |
630 |
197 | 1,013 | 1,071 | 904 | 1,117 | 988 | 611 | 2,925 | 3,730 | 3,847 | 1,531 | 628 | 505 | 753 | 752 | 3,692 | 5,418 | 6,717 | 14,247 | |
635/8 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -2,500 | 2,500 | - | |
640/8 |
1,182 | 1,378 | 1,454 | 967 | 967 | 97 | 54,734 | 1,008 | 980 | 1,231 | 2,450 | 1,247 | 1,433 | 1,537 | 1,674 | 1,311 | 2,228 | 2,687 | 5,511 | |
66A |
- | - | - | - | - | - | 0 | - | - | - | - | 296 | 95 | 530 | 410 | - | - | - | 26,056 | |
9901 |
52,345 | -36,120 | -55,420 | 6,915 | 190,413 | 17,396 | 122,487 | -26,427 | -96,157 | -51,335 | -119,142 | -154,025 | -372,920 | -263,857 | -160,891 | -28,173 | -33,467 | -62,736 | -62,926 | |
75/76B |
24,647 | 28,375 | 24,970 | 5,635 | - | 492,789 | 0 | - | - | - | 2 | - | - | - | - | - | - | - | 5,578 | |
75 |
24,647 | 28,375 | 24,970 | 5,635 | - | - | 0 | - | - | - | 2 | - | - | - | - | - | - | - | 5,578 | |
76B |
- | - | - | - | - | 492,789 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
65/66B |
107,412 | 125,271 | 8,416 | 4,683 | 16,261 | 18,793 | 60,684 | 141,593 | 135,563 | 119,518 | 222,906 | 165,706 | 146,527 | 42,891 | 32,748 | 8,507 | 27,809 | 15,371 | 17,814 | |
65 |
107,412 | 369 | 8,416 | 4,683 | 16,261 | 18,793 | 60,684 | 141,593 | 135,563 | 119,518 | 222,906 | 165,706 | 146,527 | 42,891 | 32,748 | 8,507 | 27,809 | 15,371 | 17,814 | |
66B |
- | 124,902 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
9903 |
-30,420 | -133,017 | -38,866 | 7,868 | 174,152 | 491,392 | 61,803 | -168,019 | -231,720 | -170,853 | -342,046 | -320,026 | -519,543 | -307,278 | -193,890 | -24,932 | -61,276 | -71,158 | -77,061 | |
67/77 |
637 | 662 | 385 | - | - | 102,000 | 12,419 | - | - | - | 187 | - | - | - | - | 33 | 15,604 | - | 5,116 | |
9904 |
-31,057 | -133,679 | -39,251 | 7,868 | 174,152 | 389,392 | 49,384 | -168,019 | -231,720 | -170,853 | -342,233 | -320,026 | -519,543 | -307,278 | -193,890 | -24,965 | -4,023 | -70,753 | -81,772 | |
789 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 146,117 | 735 | 19,485 | |
9905 |
-31,057 | -133,679 | -39,251 | 7,868 | 174,152 | 389,392 | 49,384 | -168,019 | -231,720 | -170,853 | -342,233 | -320,026 | -519,543 | -307,278 | -193,890 | -24,965 | 142,094 | -70,018 | -62,287 | |
| Appropriation of the result | ||||||||||||||||||||
9906 |
-1.9m | -1.8m | -1.7m | -1.7m | -1.7m | -1.8m | -2.2m | -2.3m | -2.1m | -1.9m | -1.7m | -1.4m | -1.0m | -526,133 | -218,855 | -24,965 | 72,076 | -70,018 | -62,287 | |
14P |
-1.8m | -1.7m | -1.7m | -1.7m | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
791/2 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 62,287 | |
691/2 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 72,076 | - | - | |
6921 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 72,076 | - | - | |
| Document | ||||||||||||||||||||
The accounts for 13 older financial years (1993-2006) were filed as documents without figures as data, scans for example.
The notes to these accounts have 6 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 26-12-2025.
Filings
each dot is a set of accounts, on the day it reached the National Bank| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 30-06-2025 | full format | 26-12-2025 | 2025-00590555 | |
| 30-06-2024 | full format | 24-12-2024 | 2024-00627157 | |
| 30-06-2023 | full format | 31-01-2024 | 2024-00027054 | |
| 30-06-2022 | micro format | 01-03-2023 | 2023-00037159 | |
| 30-06-2021 | micro format | 27-02-2022 | 2022-06600475 | |
| 30-06-2020 | micro format | 22-02-2021 | 2021-06000573 | |
| 30-06-2019 | micro format | 25-02-2020 | 2020-05500347 | |
| 30-06-2018 | micro format | 31-01-2019 | 2019-04200517 | |
| 30-06-2017 | micro format | 24-01-2018 | 2018-02300469 | |
| 30-06-2016 | full format | 06-02-2017 | 2017-04300027 | |
| 30-06-2015 | full format | 14-01-2016 | 2016-01600061 | |
| 30-06-2014 | full format | 13-01-2015 | 2015-01800392 | |
| 30-06-2013 | full format | 03-02-2014 | 2014-02700004 | |
| 30-06-2012 | full format | 31-01-2013 | 2013-02300314 | |
| 30-06-2011 | full format | 10-02-2012 | 2012-03500052 | |
| 30-06-2010 | full format | 14-02-2011 | 2011-03600152 | |
| 30-06-2009 | full format | 27-01-2010 | 2010-02300315 | |
| 30-06-2008 | full format | 22-01-2009 | 2009-01600223 | |
| 30-06-2007 | full format | 10-01-2008 | 2008-00800059 | |
| 30-06-2006 | full format | 27-12-2006 | 2006-92601435 | |
| 30-06-2005 | full format | 03-01-2006 | 2006-00200773 | |
| 30-06-2004 | full format | 17-01-2005 | 2005-01605073 | |
| 30-06-2003 | full format | 02-02-2004 | 2004-03402293 | |
| 30-12-2001 | full format | 27-06-2002 | 2002-26700172 | |
| 30-12-2000 | abbreviated format | 26-07-2001 | 2001-41400270 | |
| 30-12-2000 | full format | 28-06-2001 | 2001-27300067 | |
| 30-12-1999 | abbreviated format | 24-07-2000 | 2000-45400272 | |
| 30-12-1999 | full format | 07-07-2000 | 2000-34700217 | |
| 30-12-1998 | full format | 27-12-1999 | 1999-64802417 | |
| 30-12-1997 | full format | 16-07-1998 | 1998-33003471 | |
| 30-12-1996 | full format | 18-08-1997 | 1997-38201774 | |
| 30-12-1995 | full format | 28-06-1996 | 1996-25900192 | |
| 28-02-1994 | full format | 19-05-1995 | 1995-09200832 | |
| 28-02-1993 | full format | 24-12-1993 | 1993-47101275 |
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 52,542 | -35,107 | -54,349 | 7,819 | 191,529 | 18,384 | 123,098 | -23,501 | -92,427 | -47,488 | -117,611 | -153,397 | -372,415 | -263,104 | -160,138 | -24,481 | -28,049 | -56,018 | -48,680 | ||
| -30,860 | -132,666 | -38,179 | 8,772 | 175,268 | 390,380 | 49,995 | -165,094 | -227,990 | -167,006 | -340,702 | -319,399 | -519,038 | -306,526 | -193,138 | -21,273 | 1,395 | -64,035 | -67,525 | ||
| 0 | 0 | 0 | -255 | 852 | 3,938 | 1.1m | -14,989 | 1,494 | 15,751 | 9,034 | 2,634 | -0 | 0 | 1,515 | 50,743 | 140,064 | -25 | 183,101 | ||
| 330 | -5,567 | -344,792 | -11,773 | 6,209 | 3,984 | 352,066 | -13,878 | 13,670 | 191 | -23 | -44,941 | 44,817 | 89 | - | - | - | - | - | ||
| 667,475 | 698,317 | 830,927 | 868,623 | 859,596 | 685,179 | -770,834 | -2.6m | -2.5m | -2.2m | -2.0m | -1.7m | -1.4m | -847,230 | -420,852 | -350,893 | -470,149 | -257,163 | -190,914 | ||
| 94.9% | 95.0% | 98.1% | 64.8% | 69.3% | 31.8% | 20.9% | 2.6% | 4.2% | 6.5% | 8.4% | 12.6% | 20.1% | 38.8% | 64.1% | 36.1% | 44.6% | 52.0% | 59.8% | ||
| 20.07 | 20.28 | 54.67 | 2.83 | 3.25 | 1.46 | 0.32 | 0.73 | 0.75 | 0.76 | 0.77 | 0.79 | 0.77 | 0.73 | 0.64 | 0.45 | 0.01 | 0.08 | 0.16 | ||
| 20.07 | 17.33 | 47.78 | 1.95 | 2.34 | 1.26 | 0.31 | 0.00 | 0.03 | 0.02 | 0.02 | 0.02 | 0.04 | 0.02 | 0.01 | 0.03 | 0.01 | 0.02 | 0.03 | ||
| 0.05 | 0.05 | 0.02 | 0.54 | 0.44 | 2.14 | 3.78 | 38.16 | 23.05 | 14.28 | 10.93 | 6.94 | 3.99 | 1.58 | 0.56 | 1.77 | 1.24 | 0.73 | 0.51 | ||
| -4.7% | -19.1% | -4.7% | 0.9% | 20.2% | 56.5% | 16.4% | -67.0% | -55.3% | -26.3% | -41.7% | -27.5% | -35.0% | -15.3% | -8.4% | -7.0% | -1.0% | -18.2% | -17.8% | ||
| -4.4% | -18.2% | -4.6% | 0.6% | 14.0% | 18.0% | 3.4% | -1.7% | -2.3% | -1.7% | -3.5% | -3.5% | -7.0% | -6.0% | -5.4% | -2.5% | -0.5% | -9.5% | -10.7% | ||
| 0.49 | -95.03 | -6.46 | 1.67 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
EBIT margin: not included in this filing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Insights on NEXT GENERATION DEVELOPMENT
The operating result for 2025 is a profit of €52,345, after a loss of €36,120 in 2024. It is the highest result since 2021.
Debt's share of the balance-sheet total rises from 5.0% to 5.1%. Equity and debt are lower.
Board & ownership
Board
3 directors, 1 in day-to-day managementDirector
in office according to the deed of 13-09-2023
listed in the 2025 annual accounts, filed on 26-12-2025
Director and managing director
in office according to the deed of 13-09-2023
listed in the 2025 annual accounts, filed on 26-12-2025
Director
in office according to the deed of 13-09-2023
listed in the 2025 annual accounts, filed on 26-12-2025
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- A managing director alonedeed of 24-06-2019
Mandates through the years
3 names, the dashed line is todayDirector
Director, Managing director
Director
LeadershipBoardmandate already running before its first mention
Mandates as a list
-
- Director, since before 30-06-2022
-
- Director, since before 30-06-2022
- Managing director, since before 13-09-2023
-
- Director, since before 30-06-2023
Control
Parent
Equity €2.2m
Profit €20,217 in 2025 (loss €23,014 in 2024)
Checked score
Source: accounts 30-09-2025
99.95%
This company
NEXT GENERATION DEVELOPMENT
Equity €667,690
Loss €31,057 in 2025
Capital
- Capital
- €2,500,000
- Source
- 2025 annual accounts
Owners through the years
as the annual accounts name themOwners as a list
-
- 2023 to 2025: 99.95%
-
- 2009: 2.7%
Source: lists of holdings in the owners' accounts
Network & group
Group
has 1 direct subsidiary (accounts to 30-09-2025)Parent1 holding, 1 country
accounts to 30-09-2025
Belgium 1 Equity Result
- BE NEXT GENERATION DEVELOPMENT99.95% €667,690 result -€31,057
Source: list of holdings in the 30-09-2025 accounts of . Every holding stands with its own latest accounts.
At the same address
Louizalaan 480, 1050 Brussels · 272 other companies| TEYCHENE INVEST BELGIQUE
establishment since 01-09-2018 · founded in 2011 · accounts filed late |
total assets €687.0m (2024) 0835.701.817 |
| AXPO BENELUX
registered office since 27-03-2009 · founded in 2009 |
turnover €411.2m (2025) 0810.770.639 |
| HOUGOU FINANCE
establishment since 04-01-2016 · founded in 2016 · group HOUGOU · accounts filed late |
total assets €285.7m (2024) 0645.521.736 |
| KEYROCK
registered office since 11-12-2017 · founded in 2017 · accounts filed late |
turnover €46.0m (2025) 0685.795.245 |
| Miller Europe
registered office since 11-10-2018 · founded in 2018 |
turnover €44.3m (2025) 0708.954.984 |
| SERB
registered office since 18-09-2013 · founded in 2013 |
turnover €96.9m (2025) 0538.813.719 |
| FINANCIERE WEXFORD
registered office since 12-10-2023 · founded in 2023 |
total assets €150.0m (2025) 1001.094.339 |
| EAGLESTONE INVESTMENT
registered office since 02-02-2017 · founded in 2017 · group EAGLESTONE GROUP S.àr.l. |
turnover €3.7m (2025) 0670.687.593 |
| DOMEIN CULLIGAN
registered office since 28-01-2008 · founded in 2008 |
total assets €78.2m (2025) 0895.261.993 |
| EAGLESTONE
registered office since 26-10-2010 · founded in 2010 |
turnover €2.2m (2025) 0830.621.292 |
Board mandates elsewhere
6 board mandatesBoard mandates of NEXT GENERATION DEVELOPMENTNEXT GENERATION DEVELOPMENT sits on their board6
Director
Founded in 2007 · turnover €262,587 (2024) · negative equity · accounts filed late
Director
Founded in 2018 · total assets €1.2m (2024) · negative equity · accounts filed late
Director
Founded in 2021 · total assets €814,112 (2024) · accounts filed late
Director
Founded in 1951 · 97 FTE (2025)
Director
Founded in 1987 · 31 FTE (2025)
Director
No longer active
Connections & network
3 current directorsThe board mandates are listed under Board mandates elsewhere. The network lets you explore the same ties.
This company
Company
Director
Shareholding
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Timeline
Timeline
49 events since 1992Board
Filings
Financial
Establishments
Address
Other
1995200020052010201520202025
Deadline for the 2026 accounts: 31-01-2027
2025
Annual accounts 2025 filed PDFfull format · 36 days before the deadline
Registered in the Peppol Directory Reachable for e-invoices through 0208:0446888995
Registered office moved within BrusselsNew registered office: Avenue Louise 480, IT Tower 17ème étage à 1050 Bruxelles · Previous registered office: Avenue Georges Benoidt 21- 1170 Bruxelles · Board meeting of 27-12-20242 points ▸
- Board meeting, 27-12-2024
- Registered-office move, Avenue Louise 480, IT Tower 17ème étage à 1050 Bruxelles
2024
Annual accounts 2024 filed PDFfull format · 38 days before the deadline
Annual accounts 2023 filed PDFfull format · on the deadline day
2023
3 directors reappointed (managing director), and · General meeting of 01-07-20235 points ▸
- General meeting, 01-07-2023
- Director reappointment,
- Director reappointment,
- Director reappointment,
- Director reappointment, (managing director)
- The deed holds 1 more point.
Liquidity more than 19 times current ratio 54.67 The current ratio rises from 2.83 to 54.67. Short-term debt falls from €474,255 to €15,482.
Annual accounts 2022 filed PDFmicro format · 29 days late
2022
Annual accounts 2021 filed PDFmicro format · 27 days late
2021
Liquidity more than doubled current ratio 3.25 The current ratio rises from 1.46 to 3.25. Short-term debt falls from €1.5m to €382,221.
Annual accounts 2020 filed PDFmicro format · 22 days late
2020
Highest result from 2007 to 2025 net €389,392 ▲688% The net result of €389,392 is the highest of those years.
Liquidity more than quadruples current ratio 1.46 The current ratio rises from 0.32 to 1.46.
Annual accounts 2019 filed PDFmicro format · 25 days late
2019
Back to profit net €49,384 The net result is €49,384, after 12 loss-making years.
Company renamed from PEGASE to NEXT GENERATION DEVELOPMENT“1) Toutes opérations immobilières au sens le plus large du terme et notamment l’achat, la vente, l’échange, la…” (deed in French) · General meeting of 12-06-20193 points ▸
- General meeting, 12-06-2019
- Name change, NEXT GENERATION DEVELOPMENT
- Purpose change, “1) Toutes opérations immobilières au sens le plus large du terme et notamment l’achat, la vente, l’échange, la réalisation, la promotion, la mise en valeur, la…” (deed in French)
- The deed holds 2 more points.
Annual accounts 2018 filed PDFmicro format · on the deadline day
2018
Annual accounts 2017 filed PDFmicro format · 7 days before the deadline
2017
Annual accounts 2016 filed PDFfull format · 6 days late
2016
Registered office moved from Saint-Gilles to Watermael-BoitsfortNew registered office: 21, avenue Georges Benoidt à 1170 WATERMAEL-BOITSFORT · Previous registered office: RUE DE LIVOURNE, 7 4 à 1060 SAINT-GILLES · General meeting of 20-09-20162 points ▸
- General meeting, 20-09-2016
- Registered-office move, 21, avenue Georges Benoidt à 1170 WATERMAEL-BOITSFORT
Annual accounts 2015 filed PDFfull format · 17 days before the deadline
2015
Annual accounts 2014 filed PDFfull format · 18 days before the deadline
2014
Annual accounts 2013 filed PDFfull format · 3 days late
2013
Weakest financial year net -€519,543 The net result drops to -€519,543, the lowest from 2007 to 2025. It recovers the following year.
Annual accounts 2012 filed PDFfull format · on the deadline day
2012
Annual accounts 2011 filed PDFfull format · 10 days late
2011
Equity above €2m equity €2.3m ▲543% Equity rises from €359,172 to €2.3m.
Annual accounts 2010 filed PDFfull format · 14 days late
2010
Annual accounts 2009 filed PDFfull format · 4 days before the deadline
2009
Annual accounts 2008 filed PDFfull format · 9 days before the deadline
2008
Annual accounts 2007 filed PDFfull format · 21 days before the deadline
2006
Annual accounts 2006 filed PDFfull format · 35 days before the deadline
Annual accounts 2005 filed PDFfull format
2005
Annual accounts 2004 filed PDFfull format
2004
Annual accounts 2003 filed PDFfull format
1999
Annual accounts 1998 filed PDFfull format
1998
Annual accounts 1997 filed PDFfull format
1997
Annual accounts 1996 filed PDFfull format
1996
Annual accounts 1995 filed PDFfull format
First establishment NEXT GENERATION DEVELOPMET, Georges Benoidtlaan 21, Watermael-Boitsfort
1995
Annual accounts 1994 filed PDFfull format
1993
Annual accounts 1993 filed PDFfull format
1992
Incorporation published on 07-04-1992
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Identity
- Enterprise number
- 0446.888.995
- VAT number
- BE 0446.888.995
- Peppol ID
- 0208:0446888995
- Legal form
- Public limited company
- Status
- Active, normal situation
- Founded
- 20-03-1992
- Financial year
- ends on 30 June
- Peppol
- Reachable since 24-12-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- NEXT GENERATION DEVELOPMENT in French
- Former name
- PEGASE until the deed of 24-06-2019
- Entity type
- Legal entity
- Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
- “Région de Bruxelles-Capitale”deed of 24-06-2019 (in French)
Activities
NACEBEL 202568310
Real estate agency activities main activity
Codes under NACEBEL 2008
68311
Real estate activities main activity
Codes under NACEBEL 2003
70311
main activity
Registered office and establishments
2 establishments| Establishment | Since | Unit number |
|---|---|---|
| NEXT GENERATION DEVELOPMET Georges Benoidtlaan 21, 1170 Watermael-Boitsfort 6920101 Certified accountants and tax accountants | 17-01-1996 | 2.057.449.281 |
| Louizalaan 480 registered office 1050 Brussels 70200 Business and other management consultancy | 03-05-2002 | 2.136.586.930 |
2 former offices
- Avenue Georges Benoidt 21, 1170 Bruxelles until the deed of 17-01-2025
- Rue De Livourne,7 4, 1060 Saint-Gilles until 20-09-2016 · deed of 12-10-2016
Buildings and parcels at the addresses
- Ground area
- 3,604 m²
- Buildings
- 1,517 m²
- Volume, LiDAR
- 90,981 m³
- Tallest building
- 106.8 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 21822R0227/00V003 | 2,791 m² | 1 · 1,235 m² | 106.8 m · 30 |
| 21652E0266/00W004 | 813 m² | 1 · 282 m² | 16.0 m · 2 |
Notices of general meetings
Ordinary general meeting
Agenda
1. Lecture du rapport du conseil d’administra- tion. 2. Approbation des comptes annuels au 30/06/2008. 3. Affectation du résultat. 4. Décharge aux administrateurs. 5. Démissions- nominations d’administrateurs. 6. Divers. Se conformer aux statuts. (AOPC-1-8-08493/31.10)