OSTEND DEVELOPMENT COMPANY
ActiveOSTEND DEVELOPMENT COMPANY has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.24M and a net result of €979k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 29% of 9150 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
68
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability79▲+6
Solvency36▲+7
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €80k at 30 days acceptable
Liquidity ample (current ratio 13.95 against 10.99 in 2024; short-term debt: 7.1% and cash: 0.3% of total assets), but 89.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
10.6%
Return on assets
8.4%
Age of the figures
9 mo
lowers risk · 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 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €1.24M
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 14-05-2026, 78 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
78 d early
2024
35 d early
2023
28 d early
2022
27 d early
2021
18 d early
2020
17 d early
2019
47 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€1.24M▲ 148%
2024 · €501k
2018: €98k
2019: €62k
2020: €86k
2021: €67k
2022: €118k
2023: €174k
2024: €501k
2018 → 2025
Total assets
€11.65M▼ 11.7%
2024 · €13.20M
2018: €690k
2019: €1.66M
2020: €3.19M
2021: €3.46M
2022: €9.05M
2023: €13.29M
2024: €13.20M
2018 → 2025
Net result
€979k▲ 119%
2024 · €446k
2018: €37k
2019: €-37k
2020: €30k
2021: €-19k
2022: €50k
2023: €74k
2024: €446k
2018 → 2025
Working capital
€10.76M▼ 9.9%
2024 · €11.94M
2018: €511k
2019: €1.48M
2020: €2.91M
2021: €3.13M
2022: €6.60M
2023: €12.09M
2024: €11.94M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€67k-€118k▲ 74.8%€174k▲ 48.0%€501k▲ 187%€1.24M▲ 148%
Operating result€-4k-€85k€156k▲ 83.0%€626k▲ 302%€1.28M▲ 105%
Net result€-19k-€50k€74k▲ 48.0%€446k▲ 499%€979k▲ 119%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 105% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €11.65M
Fixed assets
€62k▼ 4.6%
Current assets
€11.59M▼ 11.8%
Equity and liabilities €11.65M
Equity
€1.24M▲ 148%
Debt
€10.41M▼ 18.0%
The debt ratio falls from 96.2% to 89.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€1.29M▲
2024 · €639k
Cash flow
€982k▲
2024 · €460k
Solvency
10.6%▲
2024 · 3.8%
Current ratio
13.95▲
2024 · 10.99
Quick ratio
0.30▼
2024 · 0.31
Debt / equity
8.40▼
2024 · 25.37
ROE
79.0%▼
2024 · 89.2%
ROA
8.4%▲
2024 · 3.4%
Interest coverage
24.78▲
2024 · 10.56
Debt
€10.41M▼
2024 · €12.70M
Debt ≤ 1 year
€831k▼
2024 · €1.20M
Debt > 1 year
€9.58M▼
2024 · €11.50M
Income taxes
€251k▲
2024 · €119k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€13.20M€11.65M▼
Fixed assets21/28€65k€62k▼
Tangible fixed assets22/27€65k€62k▼
Leasing and similar rights25€65k€62k▼
Current assets29/58€13.13M€11.59M▼
Amounts receivable after more than one year29-€752
Other amounts receivable291-€752
Stocks and contracts in progress3€12.76M€11.34M▼
Stocks30/36€12.76M€11.34M▼
Amounts receivable within one year40/41€183k€210k▲
Trade receivables40€29k€75k▲
Other amounts receivable41€154k€134k▼
Cash at bank and in hand54/58€189k€40k▼
Deferred charges and accrued income490/1€1k€1k▲
Equity and liabilities
Total equity and liabilities10/49€13.20M€11.65M▼
Equity10/15€501k€1.24M▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€6k€6k=
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Profit (loss) carried forward14€433k€1.17M▲
Amounts payable17/49€12.70M€10.41M▼
Amounts payable after more than one year17€11.50M€9.58M▼
Other amounts payable178/9€11.50M€9.58M▼
Amounts payable within one year42/48€1.20M€831k▼
Trade debts44€981k€402k▼
Suppliers440/4€981k€402k▼
Advances received on contracts in progress46€86k€134k▲
Taxes, remuneration and social security45€6k€51k▲
Taxes450/3€6k€51k▲
Other amounts payable47/48€123k€243k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13k€3k▼
Other operating charges640/8€2k€1k▼
Gross operating margin9900€642k€1.29M▲
Operating profit (loss)9901€626k€1.28M▲
Financial income75/76B€0€0▲
Recurring financial income75€0€0▲
Financial charges65/66B€61k€52k▼
Recurring financial charges65€61k€52k▼
Profit (loss) for the period before taxes9903€565k€1.23M▲
Income taxes67/77€119k€251k▲
Profit (loss) for the period9904€446k€979k▲
Profit (loss) for the period to be appropriated9905€446k€979k▲
Appropriation of the result
Profit (loss) to be appropriated9906€553k€1.41M▲
Profit (loss) brought forward from the previous period14P€106k€433k▲
Transfer to equity691/2€0-
To the legal reserve6920€0-
Profit to be distributed694/7€120k€240k▲
Return on contributions (dividend)694€10k€0▼
Directors or managers695€110k€240k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
14-05
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Highest result since 2018net €979k ▲119%
Operating result €1.28M, net result €979k, both a record.
31-12
Financial
Equity above €1MEq €1.24M ▲148%
4 profitable years in a row build equity to €1.24M.
26-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Equity above €500kEq €501k ▲187%
3 profitable years in a row build equity to €501k.
03-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Liquidity triplescurrent ratio 11.08
Current ratio from 3.70 to 11.08; short-term debt falls from €2.45M to €1.20M.
31-12
Financial
Equity above €150kEq €174k ▲48%
2 profitable years in a row build equity to €174k.
04-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Back to profitnet €50k
Net result €50k after one loss-making year.
31-12
Financial
Equity above €100kEq €118k ▲74.8%
Equity rises from €67k to €118k.
13-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
14-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Back to profitnet €30k
Net result €30k after one loss-making year.
16-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 47 days late
2019
31-12
Financial
Weakest financial yearnet €-37k ▼200%
Net result drops to €-37k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity doublescurrent ratio 9.17
Current ratio from 3.86 to 9.17.
08-03
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
9 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Brugge · 1 establishment unit since 2017
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Monnikenwerve 17-198000 BruggeGround area
4,736 m²
Building footprint
1,212 m²
Volume, LiDAR
10,816 m³
Parcel 31808K0324/00E002, Flanders · tallest building 11.5 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
OSTEND DEVELOPMENT COMPANY
since 20172.266.741.233
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31808K0324/00E002 | Flanders | 4,736 m² | 1 · 1,212 m² | 11.5 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 9,697 companies in sector 68121 we hold annual accounts for 7,382. 3,637 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded03-07-2017
Fiscal year end31-12
Abbreviation NL
ODC
Activities, NACEBEL
68121Development of residential building projects
68122Development of non-residential building projects
68110Buying and selling of own real estate
68201Renting and operating of own or leased residential real estate, excluding social housing
68202Real estate activities
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.