Shareholders
- CARLTON10.16%
SERVICE & DEVELOPMENT GROUP BELGIUM
ActiveSummary
SERVICE & DEVELOPMENT GROUP BELGIUM has been active since 1975 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €95.5m and a net result of €8.3m. Equity has been shrinking by about 7.8% per year since 2019. Its solvency ranks better than 57% of 5,795 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
Official details
Source: KBO- Status
- Active since 04-12-1975 Normal situation
- Registered office
- 23 active companies are registered at this address Source: KBO register, as of 3 November 2026.
- Activity
- Development of residential building projects NACE 68121and 3 others
- Joint committees
- 100 Aanvullend Paritair Comité voor de werklieden
- 200 Aanvullend Paritair Comité voor de bedienden · annual accounts 30-09-2023
- Establishment unit
- 2.011.779.802 9051 Gent, since 10-09-1999
- Financial year end
- 30 December
- Peppol
- Reachable since 01-09-2025
Board and ownership
Board
- DG Management & ConsultingChair · permanent representative Frank DE GRAEVE
- MINERVA MANAGEMENTManaging director · permanent representative Dirk DE GRAEVE
- PDG ManagementDirector · since 18-06-2025 · permanent representative Pierre De Graeve
- Auditor
- VRC BEDRIJFSREVISOREN
Shareholders
- DDG INVEST30.04%2025 annual accounts of DDG INVEST
- Green Park Investments30.04%30-12-2025 annual accounts of Green Park Investments
- CARINVEST29.77%· score 9130-12-2025 annual accounts of CARINVEST
- Holdings
- Shares in 9 companies including BRUOCSELLA and EVEREST ECOSYSTEMS
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.2%
Annual accounts to 30-12-2025
- Turnover
- €12.8m
- ▲ 0.1%
- Profit
- €8.3m
- Equity
- €95.5m
- ▲ 2.5%
- Total assets
- €204.9m
- ▲ 7.9%
- Employees on 30-12-2025
- 3
- =
Score breakdownraises riskLiquidity: current ratio 0.77, cash €4.7m1 of the last 3 accounts latelowers riskSize: turnover €12.8m, 2.6 FTE, total assets €204.9mFounded in 1975Show the evidence
Checked score
Score 2025
89
/ 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 45% of micro companies in real estate (NACE 68)
Financial strength · tick: 2024
Average
Solvency
72-2
equity 46.6% of total assets
Liquidity
29+1
short-term debt 47.8% · cash 2.3%
Profitability
57+50
return on assets 4.0%
Bankruptcy probability within 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%lowest value
01-2025: 0.1%● unchanged vs 12-2024
02-2025: 0.1%● unchanged vs 01-2025
03-2025: 0.1%● unchanged vs 02-2025
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.2%▲ +0.1 percentage points vs 04-2025
06-2025: 0.3%▲ +0.1 percentage points vs 05-2025
07-2025: 0.5%▲ +0.2 percentage points vs 06-2025
08-2025: 0.5%● unchanged vs 07-2025
09-2025: 0.7%▲ +0.2 percentage points vs 08-2025
10-2025: 1.3%▲ +0.6 percentage points vs 09-2025
11-2025: 1.3%● unchanged vs 10-2025
12-2025: 1.3%● unchanged vs 11-2025
01-2026: 1.1%▼ -0.2 percentage points vs 12-2025
02-2026: 1.1%● unchanged vs 01-2026
03-2026: 1.1%● unchanged vs 02-2026
04-2026: 1.3%▲ +0.2 percentage points vs 03-2026
05-2026: 1.9%▲ +0.6 percentage points vs 04-2026highest value
06-2026: 1.9%● unchanged vs 05-2026highest value
07-2026: 1.9%● unchanged vs 06-2026highest value
08-2026: 0.2%▼ -1.7 percentage points vs 07-2026
09-2026: 0.2%● unchanged vs 08-2026
10-2026: 0.2%● unchanged vs 09-2026
11-2026: 0.2%● unchanged vs 10-2026
Credit of up to €1,250,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.77 (0.7 in 2024), below 1. Short-term debt is 47.8% and cash 2.3% of total assets. 53.4% of the assets are financed with debt and provisions.
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, micro). It does better than 62% of them on solvency, 22% on liquidity, 47% on profitability and 49% on growth.
The bankruptcy probability was computed on 02-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 30-12-2025 was due by 30-07-2026 and was filed on 27-07-2026, 3 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
3 days early
2024
362 days late
2023
35 days early
2022
24 days early
2021
10 days early
2020
23 days early
2019
10 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 37 days after the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 30-12-2026 and is due by 30-07-2027. Nothing is late today.
Companies Code · seven monthsWhere today falls in the filing period
03-11-2026 today30-12-2026 year end30-07-2027 deadline
Key points
Recent changes
- · Gazette deed Appointment: PDG Management BV (director)Permanent representatives: Pierre De Graeve and Frank DE GRAEVE · Reappointment: BV VRC Bedrijfsrevisoren (statutory auditor)
- · Gazette deed 3 directors appointed, 2 directors resigningResignations: GREEN PARK INVESTMENTS (director and managing director) and MINERVA MANAGEMENT (director and managing director) · Permanent representatives: Frank DE GRAEVE and Dirk DE GRAEVE · Appointments: DG MANAGEMENT & CONSULTING (director and managing director) and MINERVA MANAGEMENT (director and managing director)
- · Gazette deed Amendment of the articles
Companies linked to SERVICE & DEVELOPMENT GROUP BELGIUM
Subsidiaries and holdings
- Hauset Immo100%
- Park 7 Co-Work100%
- TELUS PROPERTIES100%
- WIREWOOD BENELUX FRANCE100%
- DIVANI97.73%
- DUNANT INVEST50%
- Driekoningen11%
Comparable companies
These companies have the same main activity as SERVICE & DEVELOPMENT GROUP BELGIUM: development of residential building projects (NACE 68121). They are comparable in size and age: total assets between €42m and €99m, founded between 1963 and 1995.
| Company | Total assets | Turnover |
|---|---|---|
| SERVICE & DEVELOPMENT GROUP BELGIUM Gent | €204.9m | €12.8m |
| TERRA2 Kortemark | €99.0m | €11.4m |
| BATICO Baelen | €64.1m | €12.0m |
| OLSTE Knokke-Heist | €61.4m | €13.7m |
| DANNEELS DEVELOPMENT Brugge | €80.0m | €9.2m |
| IMWO-INVEST Temse | €80.3m | €6.7m |
| BELGISCHE GRONDEN RESERVE Sint-Pieters-Leeuw | €42.4m | €13.0m |
Key facts about SERVICE & DEVELOPMENT GROUP BELGIUM
- What is the company number of SERVICE & DEVELOPMENT GROUP BELGIUM?
- The company number of SERVICE & DEVELOPMENT GROUP BELGIUM is 0415.874.533. The VAT number is the same number with BE in front: BE 0415.874.533.
- Where is SERVICE & DEVELOPMENT GROUP BELGIUM based?
- The registered office is at Kortrijksesteenweg 1052, 9051 Gent.Company details
- What does SERVICE & DEVELOPMENT GROUP BELGIUM do?
- According to the KBO register, the main activity is development of residential building projects (NACE 68121).
- What is the legal form of SERVICE & DEVELOPMENT GROUP BELGIUM?
- The legal form of SERVICE & DEVELOPMENT GROUP BELGIUM is Public limited company (NV).
- When was SERVICE & DEVELOPMENT GROUP BELGIUM founded?
- SERVICE & DEVELOPMENT GROUP BELGIUM was founded on 04-12-1975.
- Is SERVICE & DEVELOPMENT GROUP BELGIUM still active?
- Yes, SERVICE & DEVELOPMENT GROUP BELGIUM is an active enterprise in the KBO register.
- How many employees does SERVICE & DEVELOPMENT GROUP BELGIUM have?
- SERVICE & DEVELOPMENT GROUP BELGIUM had an average of 2.6 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does SERVICE & DEVELOPMENT GROUP BELGIUM fall under?
- In its 30-09-2023 annual accounts, SERVICE & DEVELOPMENT GROUP BELGIUM states joint committees 100 (Aanvullend Paritair Comité voor de werklieden) and 200 (Aanvullend Paritair Comité voor de bedienden).
- What is the turnover of SERVICE & DEVELOPMENT GROUP BELGIUM?
- The turnover of SERVICE & DEVELOPMENT GROUP BELGIUM was €12.8m in financial year 2025, according to the filed annual accounts.
- Is SERVICE & DEVELOPMENT GROUP BELGIUM profitable?
- In financial year 2025, SERVICE & DEVELOPMENT GROUP BELGIUM made a profit of €8.3m.
- Where can I find the annual accounts of SERVICE & DEVELOPMENT GROUP BELGIUM?
- SERVICE & DEVELOPMENT GROUP BELGIUM filed 48 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of SERVICE & DEVELOPMENT GROUP BELGIUM due?
- SERVICE & DEVELOPMENT GROUP BELGIUM must file the annual accounts for financial year 2026 by 30-07-2027.Timeline
Next steps
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