START DEVELOPMENT
InactiveOverview
Activity
Activity not known
Size
€142,768total assets 2026
- Equity
- €142,541
- Loss
- -€2,101
Turnover not published (abbreviated or micro format)
Financial health
Inactive: no score
Structure
- Holdings
- 1
1 of 4 deeds read
SignalsneutralLatest accounts filed on timeShow the evidence
Signals
1 signal.
neutral
neutral · Latest accounts filed on time
The financial year that closed on 05-05-2026 was due by 05-12-2026 and was filed on 23-09-2026, 73 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
73 days early
2025
127 days early
2024
37 days early
2023
49 days early
2022
43 days early
2021
47 days early
2020
30 days early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 58 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (1)
- Annual accounts filedfinancial year 2026 · micro…
- End & cessationAuditor report · Dissolution ·…
- Liquidity more than 36 timescurrent ratio 630.35
Financials · financial year 2026, micro format
Equity
€142,541▼ 1.5%
2025 · €144,642
Total assets
€142,768▼ 7.0%
2025 · €153,500
Net result
-€2,101▼ 77.1%
2025 · -€1,187
Working capital
€142,541▼ 1.5%
2025 · €144,642
Trend over the years
2022 to 2026, 5 financial years 2018 to 2026, 9 financial years
The operating result stays negative: a loss of €2,563 in 2026 against €893 in 2025; the loss grows and 2026 has the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result-€2,563
2026
Net result-€2,101
2026
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€142,768
2026
Equity€142,541
2026
Debt€226
2026
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€142,541
2026
Use the arrow keys on the chart for the figures per year.
Every figure with its change against the financial year before
favourable
unfavourable
Line201820192020202120222023202420252026
Operating result-€212,894--€30,624▲ 85.6%€206,549€202,562▼ 1.9%€121,716▼ 39.9%€228,850▲ 88.0%€27,078▼ 88.2%-€893-€2,563▼ 187%
Net result-€235,149--€43,834▲ 81.4%€176,352€188,726▲ 7.0%€95,722▼ 49.3%€153,292▲ 60.1%€16,335▼ 89.3%-€1,187-€2,101▼ 77.1%
Equity-€440,764--€484,599▼ 9.9%-€308,246▲ 36.4%-€119,520▲ 61.2%-€23,798▲ 80.1%€129,494€145,829▲ 12.6%€144,642▼ 0.8%€142,541▼ 1.5%
Total assets€306,540-€415,711▲ 35.6%€218,330▼ 47.5%€215,355▼ 1.4%€74,401▼ 65.5%€163,956▲ 120%€160,905▼ 1.9%€153,500▼ 4.6%€142,768▼ 7.0%
Debt€747,304-€900,309▲ 20.5%€526,576▼ 41.5%€334,875▼ 36.4%€98,198▼ 70.7%€34,462▼ 64.9%€15,076▼ 56.3%€8,858▼ 41.2%€226▼ 97.4%
Working capital-€544,165-€70,576-€92,589-€18,968▲ 79.5%-€24,979▼ 31.7%€128,313€145,829▲ 13.7%€144,642▼ 0.8%€142,541▼ 1.5%
Turnover and EBIT margin not published: the abbreviated or micro format does not require them.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Equity and liabilities €142,768
Equity
€142,541 ▼ 1.5%
Debt
€226 ▼ 97.4%
Debt's share of the balance-sheet total falls from 5.8% to 0.2%. Equity and debt are lower.
Key figures and ratios
Debt to equity
0.00▼
2025 · 0.06
ROE
-1.5%▼
2025 · -0.8%
ROA
-1.5%▼
2025 · -0.8%
Debt ≤ 1 year
€226▼
2025 · €8,858
Income taxes
€1▼
2025 · €690
A ratio outside any meaningful range has been withheld (balance sheet total €142,768, equity €142,541).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €50,207 | - | €5,800 | €6,000 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €56,232 | €56,232 | €45,651 | €37,389 | - | - | - | - | - | - |
| Other operating charges640/8 | - | - | - | €4,579 | €4,128 | €1,500 | €1,236 | €1,055 | €49 | ▼ 95.4% |
| Gross operating margin9900 | -€151,755 | €30,258 | €256,953 | €244,530 | €125,844 | €230,350 | €28,314 | €162 | -€2,514 | - |
| Operating profit (loss)9901 | -€212,894 | -€30,624 | €206,549 | €202,562 | €121,716 | €228,850 | €27,078 | -€893 | -€2,563 | ▼ 187% |
| Financial income75/76B | - | - | - | - | - | €189 | €4,960 | €3,779 | €1,016 | ▼ 73.1% |
| Recurring financial income75 | - | - | €0 | - | - | €189 | €4,960 | €3,779 | €1,016 | ▼ 73.1% |
| Financial charges65/66B | - | - | - | €13,320 | €10,601 | €14,582 | €6,215 | €3,382 | €553 | ▼ 83.7% |
| Recurring financial charges65 | €15,141 | €11,971 | €29,692 | €13,320 | €10,601 | €14,582 | €6,215 | €3,382 | €553 | ▼ 83.7% |
| Profit (loss) for the period before taxes9903 | -€228,035 | -€42,594 | €176,858 | €189,242 | €111,115 | €214,457 | €25,824 | -€496 | -€2,100 | ▼ 323% |
| Income taxes67/77 | €7,115 | €1,240 | €505 | €516 | €15,393 | €61,165 | €9,489 | €690 | €1 | ▼ 99.8% |
| Profit (loss) for the period9904 | -€235,149 | -€43,834 | €176,352 | €188,726 | €95,722 | €153,292 | €16,335 | -€1,187 | -€2,101 | ▼ 77.1% |
| Profit (loss) for the period to be appropriated9905 | -€235,149 | -€43,834 | €176,352 | €188,726 | €95,722 | €153,292 | €16,335 | -€1,187 | -€2,101 | ▼ 77.1% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Total assets20/58 | €306,540 | €415,711 | €218,330 | €215,355 | €74,401 | €163,956 | €160,905 | €153,500 | €142,768 | ▼ 7.0% |
| Fixed assets21/28 | €290,248 | €234,016 | €188,365 | €150,976 | €1,182 | €1,182 | - | - | - | - |
| Tangible fixed assets22/27 | €289,065 | €232,833 | €187,182 | €149,793 | - | - | - | - | - | - |
| Land and buildings22 | - | - | - | €149,793 | - | - | - | - | - | - |
| Financial fixed assets28 | €1,183 | €1,183 | €1,183 | €1,183 | €1,182 | €1,182 | - | - | - | - |
| Current assets29/58 | €16,292 | €181,695 | €29,966 | €64,379 | €73,219 | €162,775 | €160,905 | €153,500 | €142,768 | ▼ 7.0% |
| Amounts receivable within one year40/41 | €13,201 | €172,497 | €2,807 | €61,409 | €48,222 | €67,495 | €147,354 | €131,283 | €136,583 | ▲ 4.0% |
| Trade receivables40 | - | - | - | €59,766 | €42,215 | €49,218 | €20,830 | €5,179 | - | - |
| Other amounts receivable41 | - | - | - | €1,643 | €6,007 | €18,277 | €126,524 | €126,104 | €136,583 | ▲ 8.3% |
| Cash at bank and in hand54/58 | €498 | €6,166 | €23,998 | €215 | €22,059 | €91,969 | €8,631 | €18,431 | €6,184 | ▼ 66.4% |
| Deferred charges and accrued income490/1 | - | - | - | €2,755 | €2,938 | €3,310 | €4,920 | €3,786 | - | - |
| Equity and liabilities | ||||||||||
| Total equity and liabilities10/49 | €306,540 | €415,711 | €218,330 | €215,355 | €74,401 | €163,956 | €160,905 | €153,500 | €142,768 | ▼ 7.0% |
| Equity10/15 | -€440,764 | -€484,599 | -€308,246 | -€119,520 | -€23,798 | €129,494 | €145,829 | €144,642 | €142,541 | ▼ 1.5% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | - | - | - | - | - | €100,000 | €116,000 | €116,000 | €116,000 | = |
| Distributable reserves133 | - | - | - | - | - | €100,000 | €116,000 | €116,000 | €116,000 | = |
| Profit (loss) carried forward14 | -€459,364 | -€503,199 | -€326,846 | -€138,120 | -€42,398 | €10,894 | €11,229 | €10,042 | €7,941 | ▼ 20.9% |
| Amounts payable17/49 | €747,304 | €900,309 | €526,576 | €334,875 | €98,198 | €34,462 | €15,076 | €8,858 | €226 | ▼ 97.4% |
| Amounts payable after more than one year17 | €186,776 | €763,678 | €404,022 | €251,453 | - | - | - | - | - | - |
| Financial debts170/4 | - | - | - | €251,453 | - | - | - | - | - | - |
| Amounts payable within one year42/48 | €560,457 | €111,119 | €122,555 | €83,348 | €98,198 | €34,462 | €15,076 | €8,858 | €226 | ▼ 97.4% |
| Current portion of amounts payable after more than one year42 | - | - | - | €68,338 | - | - | - | - | - | - |
| Financial debts43 | - | - | - | €7,773 | - | - | - | - | - | - |
| Credit institutions430/8 | - | - | - | €7,773 | - | - | - | - | - | - |
| Trade debts44 | €3,212 | €45,657 | €4,917 | €5,200 | €32,152 | €2,041 | €2,497 | €3,402 | - | - |
| Suppliers440/4 | - | - | - | €5,200 | €32,152 | €2,041 | €2,497 | €3,402 | - | - |
| Taxes, remuneration and social security45 | - | - | - | €2,036 | €3,400 | €17,400 | €6,800 | - | - | - |
| Taxes450/3 | - | - | - | €2,036 | €3,400 | €13,400 | €6,800 | - | - | - |
| Remuneration and social security454/9 | - | - | - | - | - | €4,000 | - | - | - | - |
| Other amounts payable47/48 | - | - | - | - | €62,647 | €15,021 | €5,778 | €5,456 | €226 | ▼ 95.8% |
| Accrued charges and deferred income492/3 | - | - | - | €74 | - | - | - | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€235,149 | -€43,834 | €176,352 | €188,726 | €95,722 | €153,292 | €16,335 | -€1,187 | -€2,101 | ▼ 77.1% |
| + Depreciation and write-downs630 | €56,232 | €56,232 | €45,651 | €37,389 | - | - | - | - | - | - |
| Operating cash flow (approximation) | -€178,917 | €12,398 | €222,004 | €226,115 | €95,722 | €153,292 | €16,335 | -€1,187 | -€2,101 | ▼ 77.1% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €149,794 | €0 | - | - | - | - |
| Change in cash | - | €5,668 | €17,832 | -€23,783 | €21,844 | €69,911 | -€83,339 | €9,800 | -€12,247 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 21 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 05-05-2026 | micro format | 23-09-2026 | 2026-00520642 |
| 31-12-2025 | micro format | 26-03-2026 | 2026-00062318 |
| 31-12-2024 | micro format | 24-06-2025 | 2025-00167614 |
| 31-12-2023 | micro format | 12-06-2024 | 2024-00122588 |
| 31-12-2022 | micro format | 18-06-2023 | 2023-00133868 |
| 31-12-2021 | micro format | 14-06-2022 | 2022-20061231 |
| 31-12-2020 | micro format | 01-07-2021 | 2021-28800172 |
| 31-12-2019 | micro format | 13-07-2020 | 2020-29200048 |
| 31-12-2018 | abbreviated format | 29-05-2019 | 2019-15000315 |
| 31-12-2017 | abbreviated format | 18-06-2018 | 2018-19400159 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Directors
No directors read yet: 1 of 4 Gazette acts processed. See the directors and other office holders in the KBO →
Owners and capital
Owners
No owners or capital events in the accounts and acts we read.
Group and network
Holdings and subsidiaries
1 holdingHoldings 1
-
0.01%
According to the 2021 annual accounts of START DEVELOPMENT and those of the other companies, the acts in the Belgian Official Gazette and the LEI register. Annual accounts state the shareholders that notified the company under article 7:225 of the Code of Companies and Associations and the parent companies that consolidate it. 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 include these statements in its annual accounts, or does not have to, is not listed.
Connections & network
No directors read yet: 1 of 4 Gazette acts processed.
History
Acts, filings and financial milestones
2026
23-09
NBB filing
Annual accounts filed
financial year 2026 · micro format
02-06
Gazette deed
End & cessationAuditor report · Dissolution · Liquidation13 facts ▸
Gazette deed
End & cessation
Auditor report · Dissolution · Liquidation13 facts ▸
- General meeting, “buitengewone algemene vergadering der aandeelhouders” (deed in Dutch)
- Other provision, “verantwoording van de voorgestelde ontbinding” (deed in Dutch)
- Auditor report, 30-04-2026
- Dissolution, “vrijwillige ontbinding, vrijwillige ontbinding” (deed in Dutch)
- Liquidation, “de facto” (deed in Dutch)
- Other provision, “asset status, niet beschikt over onroerende goederen” (deed in Dutch)
- Other provision, “liability status, al het passiva van de vennootschap werd vereffend” (deed in Dutch)
- Other provision, “settlement of accounts, regeld werd en spreekt dan ook de ontbinding van de vennootschap uit” (deed in Dutch)
- Board meeting, “machtiging aan de raad van bestuur tot uitvoering van de genomen beslissingen, algemene vergadering” (deed in Dutch)
- Power of attorney, CDL srl
- Other provision, “bestuursorgaan”, director discharge (deed in Dutch)
- Liquidation closure, “vennootschap houdt op te bestaan met ingang van heden”, 26-05-2026 (deed in Dutch)
- +1 further fact in this act
05-05
Financial
Liquidity more than 36 timescurrent ratio 630.35
Current ratio from 17.33 to 630.35; short-term debt falls from €8,858 to €226.
26-03
NBB filing
Annual accounts filed
financial year 2025 · micro format
2025
24-06
NBB filing
Annual accounts filed
financial year 2024 · micro format
2024
31-12
Financial
Liquidity more than doubledcurrent ratio 10.67
Current ratio from 4.72 to 10.67; short-term debt falls from €34,462 to €15,076.
12-06
NBB filing
Annual accounts filed
financial year 2023 · micro format
2023
31-12
Financial
Liquidity more than 6 timescurrent ratio 4.72
Current ratio from 0.75 to 4.72; short-term debt falls from €98,198 to €34,462.
31-12
Financial
Equity above €100,000equity €129,494
4 profitable years in a row build equity to €129,494.
18-06
NBB filing
Annual accounts filed
financial year 2022 · micro format
2022
14-06
NBB filing
Annual accounts filed
financial year 2021 · micro format
2021
31-12
Financial
Highest result from 2018 to 2026net €188,726 ▲7%
Net result €188,726, the highest in the series.
Show earlier events
01-07
NBB filing
Annual accounts filed
financial year 2020 · micro format
2020
31-12
Financial
Back to profitnet €176,352
Net result €176,352 after 2 loss-making years.
13-07
NBB filing
Annual accounts filed
financial year 2019 · micro format
2019
31-12
Financial
Liquidity more than 56 timescurrent ratio 1.64
Current ratio from 0.03 to 1.64; short-term debt falls from €560,457 to €111,119.
29-05
NBB filing
Annual accounts filed
financial year 2018 · abbreviated format
2018
18-06
NBB filing
Annual accounts filed
financial year 2017 · abbreviated format
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.Of the 21 annual accounts filed, the latest 10 are here; all 21 are under Financials.
1 of 4 deeds read
About the unread acts
Of the 4 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
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Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
Location & real-estate footprint
Registered office, Overijse
Ground area
2,589 m²
Building footprint
375 m²
Building volume
1,826 m³
Parcel 23544D0679/00C000, Flanders · tallest building 8.9 m. Linked by address, not a title deed.
1 parcel
Flanders
1
(100%)
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 23544D0679/00C000 | Flanders | 2,589 m² | 1 · 375 m² | 8.9 m · 2 |
How the parcels are linked
Good to know
The parcel matches the address exactly.
Articles of association
- Custody of recordsWhere the books and records are kept after liquidation, by law for at least five years.
- “3090 Overijse, Groeneweg 96, 5” (deed in Dutch)
- Other provisionsOther rules from the articles that fall under none of the themes above.
- Liquidation distribution: “Pro rata het aantal aandelen, aandeelhouders” (deed in Dutch)1 more provision in the deed, see the deed of 02-06-2026
Read from the deeds: 3 provisions, deed of 02-06-2026