Sense Development
ActiveSummary
Sense Development has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.15M and a net result of €-104k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 21% of 4539 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
54
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability36▼-14
Solvency32▲+1
Growth35▼-33
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €60k at 30 days acceptable
Liquidity ample (current ratio 2.62 against 3.25 in 2024; short-term debt: 38.2% and cash: 0.2% of total assets), but 92.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises 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
7.2%
Return on assets
-0.7%
Age of the figures
9 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 21% of 4539 sector peers (2025).
NBB · sector comparisonPosition among 4539 sector peers
Solvency
better than 21%
← weakest
strongest →
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 22-07-2026, 9 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
9 d early
2024
15 d early
2023
5 d early
2022
5 d early
2021
25 d early
2020
18 d early
2019
9 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
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
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€1.88M▼ 90.3%
2024 · €19.42M
2018: €14.49M
2019: €15.69M
2020: €302k
2021: €7.33M
2022: €15.28M
2023: €21.05M
2024: €19.42M
2018 → 2025
EBIT margin
-5.1%▼ 9.8pp
2024 · 4.7%
2018: 2.5%
2019: 3.1%
2020: -409.5%
2021: 1.0%
2022: -4.3%
2023: -3.2%
2024: 4.7%
2018 → 2025
Net result
€-104k
2024 · €1.00M
2018: €294k
2019: €328k
2020: €-1.30M
2021: €33k
2022: €-648k
2023: €-1.50M
2024: €1.00M
2018 → 2025
Working capital
€9.84M▼ 27.2%
2024 · €13.52M
2018: €25.54M
2019: €23.55M
2020: €26.53M
2021: €27.03M
2022: €30.86M
2023: €32.53M
2024: €13.52M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€7.33M-€15.28M▲ 109%€21.05M▲ 37.7%€19.42M▼ 7.7%€1.88M▼ 90.3%
Equity€-95k-€-743k▼ 681%€-2.25M▼ 202%€1.26M€1.15M▼ 8.3%
Operating result€74k-€-656k€-670k▼ 2.2%€918k€-96k
Net result€33k-€-648k€-1.50M▼ 132%€1.00M€-104k
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €96k after €918k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €15.93M
Equity
€1.15M ▼ 8.3%
Debt
€14.77M ▼ 19.1%
Debt's share of the balance-sheet total falls from 93.6% to 92.8%. Equity and debt are lower.
Key figures and ratios
Current ratio
2.62▼
2024 · 3.25
Quick ratio
0.07▼
2024 · 0.76
Debt to equity
12.83▼
2024 · 14.55
ROE
-9.1%▼
2024 · 79.8%
ROA
-0.7%▼
2024 · 5.1%
Debt ≤ 1 year
€6.09M▲
2024 · €6.01M
Debt > 1 year
€8.69M▼
2024 · €12.27M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 58 lines
Balance sheet
Code20242025
Assets
Total assets20/58€19.53M€15.93M▼
Current assets29/58€19.53M€15.93M▼
Amounts receivable after more than one year29-€8k
Other amounts receivable291-€8k
Stocks and contracts in progress3€14.95M€15.52M▲
Stocks30/36€14.95M€15.52M▲
Property held for sale35€14.95M€15.52M▲
Amounts receivable within one year40/41€3.98M€361k▼
Trade receivables40€3.89M€238k▼
Other amounts receivable41€87k€122k▲
Cash at bank and in hand54/58€479k€34k▼
Deferred charges and accrued income490/1€117k-
Equity and liabilities
Total equity and liabilities10/49€19.53M€15.93M▼
Equity10/15€1.26M€1.15M▼
Contributions10/11€3.00M€3.00M=
Capital10€3.00M€3.00M=
Issued capital100€3.00M€3.00M=
Reserves13€50k€50k=
Non-distributable reserves130/1€50k€50k=
Legal reserve130€50k€50k=
Profit (loss) carried forward14€-1.79M€-1.90M▼
Amounts payable17/49€18.27M€14.77M▼
Amounts payable after more than one year17€12.27M€8.69M▼
Financial debts170/4€12.27M€8.69M▼
Credit institutions173€2.86M€1.81M▼
Other loans174€9.40M€6.87M▼
Amounts payable within one year42/48€6.01M€6.09M▲
Current portion of amounts payable after more than one year42€862k€1.00M▲
Trade debts44€820k€129k▼
Suppliers440/4€820k€129k▼
Advances received on contracts in progress46€4.25M€4.78M▲
Taxes, remuneration and social security45€72k€179k▲
Taxes450/3€72k€179k▲
Other amounts payable47/48€3k-
Income statement
Code20242025
Operating income70/76A€19.69M€1.91M▼
Turnover70€19.42M€1.88M▼
Other operating income74-€30k
Non-recurring operating income76A€274k-
Operating charges60/66A€18.78M€2.01M▼
Goods for resale, raw materials and consumables60€18.54M€1.80M▼
Change in stocks: decrease (increase)609€18.54M€1.80M▼
Services and other goods61€235k€208k▼
Other operating charges640/8€1k€3k▲
Operating profit (loss)9901€918k€-96k▼
Financial income75/76B€173k-
Recurring financial income75€173k-
Income from current assets751€173k-
Financial charges65/66B€35k€8k▼
Recurring financial charges65€35k€8k▼
Debt charges650€22k-
Other financial charges652/9€13k€8k▼
Profit (loss) for the period before taxes9903€1.06M€-104k▼
Income taxes67/77€54k-
Taxes670/3€54k-
Profit (loss) for the period9904€1.00M€-104k▼
Profit (loss) for the period to be appropriated9905€1.00M€-104k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-1.79M€-1.90M▼
Profit (loss) brought forward from the previous period14P€-2.80M€-1.79M▲
The notes to these accounts (25 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
21-09
State Gazette act
Permanent representatives: Luc Van Moerzeke and Michael De MeyerReappointment: Sense Real Estate NV (director) · Appointment: Deloitte Bedrijfsrevisoren (statutory auditor) · Power of attorney6 facts ▸
State Gazette act
Permanent representatives: Luc Van Moerzeke and Michael De Meyer
Reappointment: Sense Real Estate NV (director) · Appointment: Deloitte Bedrijfsrevisoren (statutory auditor) · Power of attorney6 facts ▸
- General meeting, 30-06-2026
- Permanent representative, Luc Van Moerzeke (permanent representative)
- Power of attorney, Sumus Accountants BV
- Permanent representative, Michael De Meyer (permanent representative)
- Director reappointment, Sense Real Estate NV (director)
- Auditor appointment, Deloitte Bedrijfsrevisoren (statutory auditor)
22-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
16-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Back to profitnet €1.00M
Net result €1.00M after 2 loss-making years.
31-12
Financial
Equity above €1MEq €1.26M
Equity rises from €-2.25M to €1.26M.
26-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Weakest financial yearnet €-1.50M
Net result drops to €-1.50M, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity doublescurrent ratio 6.32
Current ratio from 2.62 to 6.32; short-term debt falls from €19.02M to €6.12M.
26-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
06-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Back to profitnet €33k
Net result €33k after one loss-making year.
13-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
Show earlier events
2020
22-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Equity above €1MEq €1.18M ▲38.7%
2 profitable years in a row build equity to €1.18M.
12-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
30-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
20-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 director
Sense Real Estate NV
CurrentDirector · Legal entity · perm. rep.: Luc Van Moerzeke
Location & real-estate footprint
Registered office, Brasschaat · 1 establishment unit since 2013
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.
Ruiterijschool 62930 BrasschaatGround area
3,097 m²
Building footprint
1,162 m²
Volume, LiDAR
16,426 m³
Parcel 11008B0231/00G002, Flanders · tallest building 17.6 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
Sense Development
since 20132.225.140.705
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11008B0231/00G002 | Flanders | 3,097 m² | 1 · 1,162 m² | 17.6 m · 5 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.
Statutory auditor
1 auditor| Deloitte BedrijfsrevisorenCurrent Statutory auditor · represented by Jo Van Baelen (A 02449), bedrijfsrevisor | 21-09-2026 → present |
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Of 7,320 companies in sector 68110 we hold annual accounts for 5,381. 3,128 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded06-09-2013
Fiscal year end31-12
Activities, NACEBEL 2025
68110Buying and selling of own real estate
41001General construction of residential buildings
Sources
Crossroads Bank for EnterprisesNational Bank · 12 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.