Turnover
≈ €140,000 estimated
The micro format states no turnover.
RELION DEVELOP
Overview
Lifetime
4 annual accounts with figures on one time axispeak €88,574 (2023)
€59,304▼ 30.6%
peak €56,960 (2023)
€33,993▼ 40.1%
peak €183,316 (2025)
€183,316▲ 22.8%
€26,048▼ 24.1%
Board2 names since 2022
2 directorsCASTELEYN Anton and 1 other
Owners
10%4C-Group
Documentsfilings and deeds
19-08-202619 days late
2025micro format
Gross margin from €85,495 to €59,304Result from €56,758 to €33,993Equity from €149,323 to €183,316Debts from €34,311 to €26,048Cash from €71,542 to €5,642
Key points
from the 2025 annual accountsFilings
4 annual accounts 3 late
The 2024 accounts came latest: 28 days after the end of the period.
Position in the sector
87.6%
Higher solvency than 85% of companies in financial services. Sector median 50.9% · 9,771 companies.
Financial institution: outside the modelBankruptcy probability: sector outside the model
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked score measures liquidity, leverage and margins against the norms for trading and manufacturing companies. A bank, insurer or financial holding has a very different balance sheet. Those ratios and the score mean nothing here. So there is no financial strength either.
Bankruptcy probability within 12 months
The company is a financial institution: a bank, insurer or financial holding. Its balance sheet works differently from that of a trading or manufacturing company. A bankruptcy probability from the general model would mislead here.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
1 signal.
raises risk
raises risk · 2025 accounts filed 19 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 19-08-2026, 19 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 4 filingsDeviation from the deadline
2025
19 days late
2024
28 days late
2023
27 days late
2022
25 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 4 accounts on average 12 days after the deadline. In the sector (NACE 64), the median for financial year 2024 was 14 days before the deadline, and 28% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 24 August (3 of the last 4 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
08-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0784990910
Registered office moved from Ghent to Antwerp
New registered office: Mechelsesteenweg 32 bus 801 te 2018 Antwerpen · Previous registered office: Lange Kruisstraat 25, 9000 Gent · Board meeting of 03-09-2024 · Gazette deed
Incorporation
Founding capital of €100, 100 shares · Founders: 4C-GROUP (verschijner) and CASTELEYN Anton (verschijner) · Appointments: CASTELEYN Anton (director) and DUBAERE Katelijn Luciaan Elisabeth (director) · published on 22-04-2022 · Gazette deed
First establishment
Mechelsesteenweg 32, Antwerp
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| RELION DEVELOP Antwerp | €209,364 | €59,304 | 87.6% | - |
| Michael De Roeck Antwerp | €215,928 | €73,863 | 81.0% | - |
| VERKENN Laakdal | €200,827 | €64,423 | 83.3% | - |
| DE ZAKEN Mechelen | €208,450 | €66,751 | 54.3% | - |
| Mapwave Antwerp | €173,101 | €63,836 | 5.7% | - |
| VICON Kalmthout | €188,985 | €69,826 | 65.7% | - |
| Tolifi Meerhout | €165,345 | €66,443 | 3.5% | - |
These companies have the same main activity as RELION DEVELOP: activities of holding companies (NACE 64210). They are comparable in size and age: total assets between €165,000 and €216,000, founded between 2021 and 2022.
Official details
Source: KBO- Status
- Active since 20-04-2022Normal situation
- Activity
- Activities of holding companiesNACE 64210and 2 others
- Establishment unit
- 2.330.965.5272018 Antwerp, since 20-04-2022
- Financial year end
- 31 December
- Peppol
- Reachable since 21-10-2026
Annual accounts 2025
- €33,993▼ 40.1%
- €183,316▲ 22.8%
- €209,364▲ 14.0%
- Filing
- Filed on 19-08-2026
Insights on RELION DEVELOP
RELION DEVELOP files the micro format. That format states no turnover. The gross margin rose from €53,712 in 2022 to €59,304 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Financials
Annual accounts 2025
micro format, filed on 19-08-2026, 19 days late€183,316
▲ 22.8%
€209,364
▲ 14.0%
€33,993
▼ 40.1%
87.6%
▲ 6.2 percentage points
18.5%
▼ 19.5 percentage points
16.2%
▼ 14.7 percentage points
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance sheet
balance sheet total €209,364 on 31-12-2025What the company ownsHow it is paid for
in euro
in euro
Position in the sector
87.6%
Higher than 86% of 9,771 companies in 2025.
16.2%
Higher than 62% of 9,625 companies in 2025.
RELION DEVELOP
Middle half of the sector
80% of the sector
Micro accounts in financial services (NACE 64)
Net result: middle half · Equity: middle half · Balance sheet total: middle half
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet: assets | |||||
20/58 |
209,364 | 183,634 | 162,783 | 124,223 | |
21/28 |
28,180 | 41,060 | 37,279 | 48,362 | |
22/27 |
21,880 | 34,760 | 37,279 | 48,362 | |
24 |
21,880 | 34,760 | 37,279 | 48,362 | |
28 |
6,300 | 6,300 | - | - | |
29/58 |
181,184 | 142,575 | 125,504 | 75,860 | |
40/41 |
170,773 | 65,451 | 30,906 | 220 | |
40 |
18,109 | 62,999 | 30,396 | - | |
41 |
152,663 | 2,451 | 510 | 220 | |
54/58 |
5,642 | 71,542 | 87,685 | 75,640 | |
490/1 |
4,769 | 5,582 | 6,914 | - | |
| Balance sheet: equity and liabilities | |||||
10/49 |
209,364 | 183,634 | 162,783 | 124,223 | |
10/15 |
183,316 | 149,323 | 92,565 | 35,604 | |
10/11 |
100 | 100 | 100 | 100 | |
14 |
183,216 | 149,223 | 92,465 | 35,504 | |
17/49 |
26,048 | 34,311 | 70,218 | 88,618 | |
17 |
0 | 691 | 37,138 | 70,000 | |
170/4 |
0 | 691 | 37,138 | 70,000 | |
42/48 |
26,048 | 18,987 | 33,080 | 15,418 | |
44 |
4,237 | 1,503 | 3,078 | 1,593 | |
440/4 |
4,237 | 1,503 | 3,078 | 1,593 | |
45 |
19,792 | 17,483 | 30,002 | 13,825 | |
450/3 |
19,724 | 17,437 | 27,682 | 11,855 | |
454/9 |
67 | 46 | 2,320 | 1,970 | |
47/48 |
2,019 | - | - | - | |
492/3 |
0 | 14,634 | 0 | 3,200 | |
| Income statement | |||||
9900 |
59,304 | 85,495 | 88,574 | 53,712 | |
630 |
12,879 | 11,499 | 11,083 | 7,055 | |
640/8 |
1,494 | 1,145 | 2,112 | 1,871 | |
9901 |
44,930 | 72,851 | 75,379 | 44,786 | |
75/76B |
2,000 | 1 | - | - | |
75 |
2,000 | 1 | - | - | |
65/66B |
354 | 1,202 | 3,179 | 26 | |
65 |
354 | 1,202 | 3,179 | 26 | |
9903 |
46,576 | 71,650 | 72,200 | 44,759 | |
67/77 |
12,583 | 14,891 | 15,239 | 9,255 | |
9904 |
33,993 | 56,758 | 56,960 | 35,504 | |
9905 |
33,993 | 56,758 | 56,960 | 35,504 | |
| Appropriation of the result | |||||
9906 |
183,216 | 149,223 | 92,465 | 35,504 | |
14P |
149,223 | 92,465 | 35,504 | - | |
| Document | |||||
The notes to these accounts have 11 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 19-08-2026.
Filings
each dot is a set of accounts, on the day it reached the National Bank2025 annual accounts filed 19 days after the deadline. Filed on 19 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00407452.
Key figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| 0 | 15,280 | 0 | 55,417 | ||
| -65,900 | -16,142 | 12,045 | - | ||
| 87.6% | 81.3% | 56.9% | 28.7% | ||
| 18.5% | 38.0% | 61.5% | 99.7% | ||
| 16.2% | 30.9% | 35.0% | 28.6% |
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.
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Tangible fixed assets | - | €8,980 | - | €55,417 |
| Financial fixed assets | €0 | €6,300 | - | - |
| €12,879 | €11,499 | €11,083 | €7,055 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
Insights on RELION DEVELOP
The operating result for 2025 is 38% lower than in 2024 and the lowest since 2022. It is the second fall in a row.
Debt's share of the balance-sheet total falls from 18.7% to 12.4%. Equity is higher and debt is lower.
Board & ownership
Board
2 directors, since incorporationDirector (not named in the articles)
since 20-04-2022
term without a fixed end
also on the board of 2 other companies
listed in the 2025 annual accounts, filed on 19-08-2026
Director (not named in the articles)
since 20-04-2022
term without a fixed end
also on the board of 3 other companies
listed in the 2025 annual accounts, filed on 19-08-2026
- Signing authorityThe articles say who may bind the company, for example by signing a contract.
- Each director alonedeed of 22-04-2022
Mandates through the years
2 names, the dashed line is todayCASTELEYN Anton
Director (not named in the articles)
Director (not named in the articles)
DUBAERE Katelijn Luciaan Elisabeth
Director (not named in the articles)
Director (not named in the articles)
Board
Mandates as a list
- CASTELEYN Anton
- Director (not named in the articles), from 20-04-2022 to date
- DUBAERE Katelijn Luciaan Elisabeth
- Director (not named in the articles), from 20-04-2022 to date
Control
Shareholder
Equity €13.9m
Loss €9,834 in 2025 (profit €2,442 in 2024)
Source: accounts 4C-Group 31-05-2025
10%
This company
RELION DEVELOP
Equity €183,316
Profit €33,993 in 2025
Capital
- Contribution
- €100
- Shares
- 100
- Contribution per share
- €1
- Equity per share
- €1,833 in 2025
- Source
- deed of 22-04-2022
Owners through the years
as the annual accounts name themOwners as a list
- 4C-Group
Source: lists of holdings in the owners' accounts
Articles of association
deed of 22-04-2022 (in Dutch)- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimited
- Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
- “Helft overdrager helft kopers naar evenredigheid aantal, werkelijke waarde op dag overdracht”
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Third Friday of June at 14:00
- Liquidation ruleIn a liquidation the creditors are paid first. What is left goes to the shareholders.
- “Ontbinding om welke reden en op welk ogenblik ook, één of meerdere vereffenaars aanduiden,bevoegdheden omlijnen,vergoeding bepalen”
Capital transactions
Shareholders according to the deeds
At incorporation
deed of 22-04-2022 ↗
- CASTELEYN Anton founder
- 4C-GROUP (BE 0644.450.479) founder
Capital over time
- 22-04-2022 Incorporation · €100 · 100 shares
Network & group
No group
RELION DEVELOP has no parent and no holdings in its annual accounts.
At the same address
Mechelsesteenweg 32, 2018 Antwerp · 2 other companies| HIGHTOWER
registered office since 21-09-2015 · founded in 2015 · accounts filed late |
turnover €46,424 (2025) 0637.923.963 |
| Ine Denhaene
registered office since 06-01-2026 |
founded in 2026 1032.580.836 |
Earlier ties
| Allimmo via DUBAERE Katelijn Luciaan Elisabeth, no longer at Allimmo · Permanent representative · deed of 10-01-2020 No longer active |
total assets €3.2m (2022) |
Board mandates elsewhere
1 board mandateConnections & network
2 connected companiesThis company
Company
Director
Shareholding
+N: links not shown yet
Click a node to look further, drag to arrange, zoom with the mouse wheel.
Linked via shared directors
TUK TUK
via DUBAERE Katelijn Luciaan Elisabeth · Director (not named in the articles) · deed of 03-07-2023
Founded in 1989 · total assets €360,073 (2025) · negative equity · group 4C-Group
→
ASSEBROEK CONSTRUCT
via CASTELEYN Anton and DUBAERE Katelijn Luciaan Elisabeth · Director (not named in the articles) · deed of 28-12-2022
Founded in 2022 · total assets €20,978 (2025) · group 4C-Group
→
Timeline
Timeline
12 events since 2022Filings
Financial
Establishments
Address
20222023202420252026
Deadline for the 2026 accounts: 31-07-2027
2026
Registered in the Peppol Directory Reachable for e-invoices through 0208:0784990910
Annual accounts 2025 filed NBBmicro format · 19 days late
2025
Weakest financial year net €33,993 ▼40.1% The net result drops to €33,993, the lowest from 2022 to 2025.
Equity above €150,000 equity €183,316 ▲22.8% With a profit in every financial year since 2022, equity grows to €183,316.
Annual accounts 2024 filed PDFmicro format · 28 days late
2024
Equity above €100,000 equity €149,323 ▲61.3% With a profit in every financial year since 2022, equity grows to €149,323.
Registered office moved from Ghent to AntwerpNew registered office: Mechelsesteenweg 32 bus 801 te 2018 Antwerpen · Previous registered office: Lange Kruisstraat 25, 9000 Gent · Board meeting of 03-09-20242 points ▸
- Board meeting, 03-09-2024
- Registered-office move, Mechelsesteenweg 32 bus 801 te 2018 Antwerpen
Annual accounts 2023 filed PDFmicro format · 27 days late
2023
Highest result from 2022 to 2025 net €56,960 ▲60.4% The operating result of €75,379 and the net result of €56,960 are both a record.
Annual accounts 2022 filed PDFmicro format · 25 days before the deadline
2022
IncorporationFounding capital of €100, 100 shares · Founders: 4C-GROUP (verschijner) and CASTELEYN Anton (verschijner) · Appointments: CASTELEYN Anton (director) and DUBAERE Katelijn Luciaan Elisabeth (director) · published on 22-04-20227 points ▸
- Founder, CASTELEYN Anton (verschijner)
- Founder, 4C-GROUP (verschijner)
- Power of attorney, CASTELEYN Anton
- Founding capital, €100, 100 shares
- Registered office clause, Lange Kruisstraat 25, 9000 Gent
- Director appointment, CASTELEYN Anton (director (not named in the articles))
- Director appointment, DUBAERE Katelijn Luciaan Elisabeth (director (not named in the articles))
- The deed holds 5 more points.
First establishment Mechelsesteenweg 32, Antwerp
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
RELION DEVELOP was incorporated on 20 April 2022 as a private limited company by 4C-GROUP and one natural person, with a starting capital of €100.12 The registered office was moved to Antwerp in 2024.3 The board currently has 2 members, 2 of whom have served since 2022.4 Total assets rose from €124,223 in 2022 to €209,364 in 2025.5
Company details
Identity
- Enterprise number
- 0784.990.910
- VAT number
- BE 0784.990.910
- Peppol ID
- 0208:0784990910
- Legal form
- Private limited company
- Status
- Active, normal situation
- Founded
- 20-04-2022
- Financial year
- ends on 31 December
- Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
- Third Friday of June at 14:00deed of 22-04-2022 (in Dutch)
- Peppol
- Reachable since 21-10-2026Follow this company and you will hear the next morning if it leaves the Peppol register.
- Name
- RELION DEVELOP in Dutch
- Entity type
- Legal entity
- DurationMost companies exist for an unlimited period, until they are dissolved.
- Unlimiteddeed of 22-04-2022 (in Dutch)
Activities
NACEBEL 202564210
Activities of holding companies main activity
Codes under NACEBEL 2008
64200
Holdings main activity
63990
Computing infrastructure, data processing, hosting and other information service activities
82990
Other business support services
Registered office and establishments
1 establishment| Establishment | Since | Unit number |
|---|---|---|
| Mechelsesteenweg 32 registered office 2018 Antwerp | 20-04-2022 | 2.330.965.527 |
1 former office
- 9000 Gent until 01-09-2024 · deed of 06-11-2024
Buildings and parcels at the address
- Ground area
- 833 m²
- Buildings
- 500 m²
- Volume, LiDAR
- 12,038 m³
- Tallest building
- 32.0 m
Buildings to scale, each on its own parcel
Parcels
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 11810K2750/00E003 | 833 m² | 1 · 500 m² | 32.0 m · 10 |