SEAFRONT DEVELOPMENT
ActiveSummary
The computed 12-month bankruptcy probability of SEAFRONT DEVELOPMENT is 1.8% (moderate). The 2024 annual accounts show negative equity (-€96,044) and a net result of -€82,264. Its solvency ranks better than 10% of 9742 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.
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Signals
This company filed its last 2 accounts on average 34 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Peer companies
Historical observationOf the 1,253 companies that looked in July 2024 the way this one looks now, 0.9% went bankrupt within 24 months and 96% are still going.
- Small
- 2 to 5 years old
- negative equity
- a small loss
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 1.8% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 1,253 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 | 2023 | 2024 | Change |
|---|---|---|---|
| Other operating charges640/8 | €732 | €387 | ▼ 47.1% |
| Gross operating margin9900 | -€60,651 | -€65,577 | ▼ 8.1% |
| Operating profit (loss)9901 | -€61,383 | -€65,964 | ▼ 7.5% |
| Financial charges65/66B | €13,898 | €16,300 | ▲ 17.3% |
| Recurring financial charges65 | €13,898 | €16,300 | ▲ 17.3% |
| Profit (loss) for the period before taxes9903 | -€75,280 | -€82,264 | ▼ 9.3% |
| Profit (loss) for the period9904 | -€75,280 | -€82,264 | ▼ 9.3% |
| Profit (loss) for the period to be appropriated9905 | -€75,280 | -€82,264 | ▼ 9.3% |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €534,029 | €1.5m | ▲ 188% |
| Fixed assets21/28 | €1 | €1 | = |
| Financial fixed assets28 | €1 | €1 | = |
| Current assets29/58 | €534,028 | €1.5m | ▲ 188% |
| Stocks and contracts in progress3 | €319,795 | €1.2m | ▲ 290% |
| Stocks30/36 | €319,795 | €1.2m | ▲ 290% |
| Amounts receivable within one year40/41 | €30,679 | €7,734 | ▼ 74.8% |
| Other amounts receivable41 | €30,679 | €7,734 | ▼ 74.8% |
| Cash at bank and in hand54/58 | €183,555 | €286,725 | ▲ 56.2% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €534,029 | €1.5m | ▲ 188% |
| Equity10/15 | -€13,780 | -€96,044 | ▼ 597% |
| Contributions10/11 | €61,500 | €61,500 | = |
| Capital10 | €61,500 | €61,500 | = |
| Issued capital100 | €61,500 | €61,500 | = |
| Profit (loss) carried forward14 | -€75,280 | -€157,544 | ▼ 109% |
| Amounts payable17/49 | €547,809 | €1.6m | ▲ 199% |
| Amounts payable after more than one year17 | €513,625 | €1.6m | ▲ 208% |
| Financial debts170/4 | €513,625 | €1.6m | ▲ 208% |
| Amounts payable within one year42/48 | €34,184 | €54,988 | ▲ 60.9% |
| Trade debts44 | €34,184 | €54,988 | ▲ 60.9% |
| Suppliers440/4 | €34,184 | €54,988 | ▲ 60.9% |
| Line | 2023 | 2024 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€75,280 | -€82,264 | ▼ 9.3% |
| Operating cash flow (approximation) | -€75,280 | -€82,264 | ▼ 9.3% |
| Investment in fixed assets (approximation) | - | €0 | - |
| Change in cash | - | €103,170 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
30-06
State Gazette act
Reappointment: Sinio BV (statutory auditor)Permanent representative: Olivier RONSMANS3 facts ▸
- General meeting, 19-06-2026
- Auditor reappointment, Sinio BV (statutory auditor)
- Permanent representative, Olivier RONSMANS (permanent representative)
About the unread acts
Of the 5 Belgian State Gazette acts we know for this company, 1 has been read. The other 4 have not been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
Statutory auditor 1
1 establishment unit
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21805E0482/00C000 | Brussels | 3,149 m² | 1 · 3,026 m² | 31.9 m · 9 fl. |
Linked by address, not proof of ownership
Mandate history
- Statutory auditor
| Name | Functions and periods |
|---|---|
| Sinio BV |
|
Structure & network
Owners and holdings
1 ownerChain of control
- AGEAS SA/NV
- Ageas Insurance International NV
- AG INSURANCE
- AG REAL ESTATE
- AG REAL ESTATE LAND
- SEAFRONT DEVELOPMENT
Highest known parent: AGEAS SA/NV. The sources do not say who stands above it.
Owners 1
- AG REAL ESTATE LANDparent70%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. 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 fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Similar companies · same sector and region
Identification & contact
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.