Skip to content

V.L. DEVELOPMENT

Active Private limited companyfounded 1994active for 32 yearsAvenue Vésale 28, 1300 WavreKBO/BCE: BE 0453.434.220
V.L. DEVELOPMENT
Follow ReportCompare

Overview

Lifetime

20 annual accounts with figures on one time axis, 31 filings since 1994
peak €583,003 (2022)
€109,191▲ 12.2%
lowest -€13,135 (2017)
€37,994▼ 10.0%
peak €650,370 (2025)
€650,370▲ 6.2%
€963,695▼ 17.8%
peak 3.7 FTE (2007)
-not published
Board2 names since 2021
2 directorsFrédéric STURBOIS and 1 other
Documentsfilings and deeds
30-04-2026on the last day
2025micro format
Gross margin from €97,328 to €109,191Debts from €1.2m to €963,695Cash from €59,342 to €3,458

Key points

from the 2025 annual accounts

Equity

€650,370 ▲ 6.2%

V.L. DEVELOPMENT has made a profit without a break since 2018.

Filings

31 annual accounts since 1994
deadline200020102020

Two of the last ten came late. The 2017 accounts came latest: 9 days after the end of the period.

Position in the sector

€650,370

More equity than 87% of companies in real estate. Sector median €73,122 · 17,201 companies.

Checked score

90
Excellent
Financially stronger than 47% of micro companies in real estate (NACE 68)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 0.2% across 26,625 companies (NACE 68, micro).

About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: 2.4% 01-2025: 2.5%▲ +0.1 percentage points vs 12-2024 02-2025: 2.6%▲ +0.1 percentage points vs 01-2025 03-2025: 2.5%▼ -0.1 percentage points vs 02-2025 04-2025: 2.7%▲ +0.2 percentage points vs 03-2025 05-2025: 3.8%▲ +1.1 percentage points vs 04-2025highest value 06-2025: 1.8%▼ -2.0 percentage points vs 05-2025 07-2025: 1.8%● unchanged vs 06-2025 08-2025: 1.8%● unchanged vs 07-2025 09-2025: 1.8%● unchanged vs 08-2025 10-2025: 1.8%● unchanged vs 09-2025 11-2025: 1.8%● unchanged vs 10-2025 12-2025: 1.8%● unchanged vs 11-2025 01-2026: 0.4%▼ -1.4 percentage points vs 12-2025 02-2026: 0.4%● unchanged vs 01-2026 03-2026: 0.1%▼ -0.3 percentage points vs 02-2026lowest value 04-2026: 0.2%▲ +0.1 percentage points vs 03-2026 05-2026: 0.3%▲ +0.1 percentage points vs 04-2026 06-2026: 0.2%▼ -0.1 percentage points vs 05-2026 07-2026: 0.2%● unchanged vs 06-2026 08-2026: 0.2%● unchanged 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

Financial strength
Average

65+6equity 40.3% of total assets
37-4short-term debt 31.6% · cash 0.2%
46-22return on assets 2.4%

Score breakdown

raises risk
Liquidity: current ratio 0.78, cash €3,458, halved
lowers risk
Size: total assets €1.6m
Founded in 1994
Figures for financial year 2025 (filed on 05-05-2026)
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 57% of them on solvency, 29% on liquidity, 40% on profitability and 61% on growth.

The bankruptcy probability was computed on 08-11-2026 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.

The probability rests on the annual accounts with balance sheet date 30-09-2025.

Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.

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).

Comparable companies, two years later

In July 2024, 14,766 companies had the same profile as V.L. DEVELOPMENT has now. Each dot stands for 37 companies, two years later.

96.2%
were still trading
3.5%
stopped another way
0.2%
went bankrupt
  • Small
  • 20 years or older
  • solvency 30% or more
  • a profit under 5% of the balance sheet

Another 0.1% stopped without a precise date, possibly only after those two years.

That fits the bankruptcy probability of V.L. DEVELOPMENT itself: 0.2% within 12 months.

Test of the method

The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the highest expected share
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 0.9%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 14,766 companies, not a prediction for V.L. DEVELOPMENT. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Credit verdict

Credit of up to €55,000 on 30-day terms is acceptable

Liquidity is insufficient, with a current ratio of 0.78 (1.0 in 2024), below 1. Short-term debt is 31.6% and cash 0.2% of total assets. 59.7% of the assets are financed with debt and provisions.

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises riskneutral
raises risk · Liquidity: current ratio 0.78, cash €3,458, halved
NBB · annual accounts
lowers risk · Size: total assets €1.6m
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
lowers risk · Founded in 1994
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
lowers risk · Figures for financial year 2025 (filed on 05-05-2026)
NBB · annual accounts
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 30-04-2026, 0 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
on the day
2024
1 day late
2023
on the day
2022
157 days early
2021
4 days early
2020
on the day
2019
43 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 29 days before 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 financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today. The company usually files around 30 April (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
30-09-2026 year end09-11-2026 today30-04-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Board and ownership

FS
Frédéric STURBOIS
Director
JV
Jan VAN LOOCK
Director
Board & ownership

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:0453434220
Registered office moved from Brussels to Wavre New registered office: Avenue Vésale 28, 1300 Wavre · Previous registered office: Avenue du Forum, 11/227, 1020 Bruxelles · Appointments: Jan VAN LOOCK (director) and Frédéric STURBOIS (director) · General meeting of 19-12-2023 · Gazette deed
Registered office moved from Zaventem to Brussels New registered office: Forumlaan 11, bus 227, 1020 Brussel · Previous registered office: Desmedtstraat, 75-1930 Zaventem · Gazette deed
First establishment Desmedtstraat 75, Zaventem
All 43 events

Comparable companies

same main activity, similar in size and age
Company
V.L. DEVELOPMENT Wavre - - 40.3% -
LA HAUTE TOUR Villers-la-Ville - - 17.2% -
IMMO INVEST & Cie Charleroi €260,412 44.4% 36.6% -
MOBILITY SUPPORT ROBBERECHTS Londerzeel - - 59.5% -
REAL ESTATE SOLUTIONS Sint-Lievens-Houtem - - 82.3% 1
MASTECA Sint-Katelijne-Waver €110,408 49.9% 35.0% -
VAN DE KEERE-TRINQUET Assenede - - 66.8% -

These companies have the same main activity as V.L. DEVELOPMENT: real estate agency activities (NACE 68310). They are comparable in size and age: total assets between €1.5m and €1.9m, founded between 1991 and 1997.

Official details

Source: KBO
Status
Active since 09-09-1994Normal situation
Activity
Real estate agency activitiesNACE 68310
Establishment unit
2.068.796.4021930 Zaventem, since 27-10-1994
Financial year end
30 September
Peppol
Reachable since 13-01-2026
Company details

Annual accounts to 30-09-2025

€109,191▲ 12.2%
≈ €190,000estimated
€37,994▼ 10.0%
€650,370▲ 6.2%
€1.6m▼ 9.6%
Filing
Filed on 30-04-2026, on the last day of the filing period
Financials

Insights on V.L. DEVELOPMENT

V.L. DEVELOPMENT files the micro format. That format states no turnover. The gross margin fell from €488,026 in 2006 to €109,191 in 2025.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2025

micro format, filed on 30-04-2026, on the day of the deadline
€109,191
▲ 12.2%
€84,520
▲ 15.6%
€106,450
▲ 11.9%
€59,924
▼ 6.7%
40.3%
▲ 6.0 percentage points
0.78
▼ 0.22

Money flows

no detail for 2025

Balance sheet

balance sheet total €1.6m on 30-09-2025
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

Compare with sector

40.3%

Higher than 59% of 17,185 companies in 2025.

0.78

Higher than 37% of 16,482 companies in 2025.

2.4%

Higher than 54% of 16,861 companies in 2025.

V.L. DEVELOPMENT Middle half of the sector 80% of the sector Micro accounts in real estate (NACE 68)

Net result: top quarter · Equity: top quarter · Balance sheet total: top quarter · Working capital: bottom quarter

Staff

Staff costs divided by the average number of full-time equivalents.

people who joined people who left

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend20252024202320222021202020192018201720162015201420132012201120102009200820072006
Balance sheet: assets
20/58 1.6m1.8m1.8m1.2m880,485811,418886,457614,241677,907593,961614,082491,176898,130923,531999,248795,648892,353974,039439,182555,002
21/28 1.2m1.2m1.3m497,402520,009540,523562,454353,087373,42512,76229,59839,57060,56060,79673,93323,84840,07756,57345,76773,068
22/27 430,771452,701474,694497,301519,908540,422562,353352,986373,32412,66129,49739,46960,45960,69573,83223,74739,97656,47245,66672,967
22 430,771452,701474,632496,562518,492540,422562,353352,626367,319---------27132
23 --637391,416---2,2585,5263,2411,8903,351---535051,0031,165
24 -------3603,7487,13626,25637,57957,10860,69573,83223,74739,92355,96744,63671,670
28 787,008787,008787,109101101101101101101101101101101101101101101101101101
29/58 396,287545,340587,793710,175360,476270,894324,003261,155304,482581,199584,484451,607837,570862,735925,315771,799852,276917,466393,416481,934
29 378,578378,578378,578433,078----------------
291 378,578378,578378,578433,078----------------
3 ----201,568201,568201,568201,568201,568201,568201,568201,568201,568201,568201,568201,568201,568201,568--
30/36 ----201,568201,568201,568201,568201,568201,568201,568201,568201,568201,568201,568201,568201,568201,568--
40/41 13,684107,319185,98142,146115,4325,62343,54818,81964,485225,523194,02457,693470,249468,323205,500205,295164,62644,685268,906281,765
40 ---18,97291,4043,58228,46518,81935,21835,81232,262-307,035303,704153,628173,991145,87736,989180,34294,777
41 13,684107,319185,98123,17424,0282,04115,083-29,267189,711161,76157,693163,214164,62051,87231,30418,7507,69688,564186,988
50/53 ---27,16626,98626,90526,84026,728------341,803341,803341,803341,8032,3032,197
54/58 3,45859,34219,828203,43213,96331,49951,56914,03938,428154,108188,893191,655165,753191,461175,05522,883144,279329,299122,207195,780
490/1 5671013,4074,3522,5285,299477----691-1,3831,390250-111-2,192
Balance sheet: equity and liabilities
10/49 1.6m1.8m1.8m1.2m880,485811,418886,457614,241677,907593,961614,082491,176898,130923,531999,248795,648892,353974,039439,182555,002
10/15 650,370612,376570,171502,822352,458322,446262,907210,844180,021303,078249,004137,5309,48369,79914,862363,577413,337396,155277,254193,008
10/11 6,2006,2006,2006,2006,2006,2006,2006,2006,2006,2006,2006,2006,2006,2006,2006,2006,2006,2006,2006,200
100 ------18,59518,59518,59518,59518,59518,59518,59518,59518,59518,59518,59518,59518,59518,595
101 ------12,39512,39512,39512,39512,39512,39512,39512,39512,39512,39512,39512,39512,39512,395
13 528,853490,860448,654381,3053,2833,2833,2833,2833,2833,2833,2833,2833,2833,2833,2833,2833,2833,2833,2833,283
130/1 --1,8591,8591,8591,859--------------
130 ------1,8591,8591,8591,8591,8591,8591,8591,8591,8591,8591,8591,8591,8591,859
1311 --1,8591,8591,8591,859--------------
133 528,853490,860446,795379,4451,4241,4241,4241,4241,4241,4241,4241,4241,4241,4241,4241,4241,4241,4241,4241,424
14 115,317115,317115,317115,317342,975312,963253,424201,361170,538293,595239,521128,047-60,3165,379354,094403,854386,672267,771183,525
17/49 963,6951.2m1.3m704,755528,027488,971623,549403,397497,886290,883365,079353,647888,647853,732984,387432,071479,016577,884161,928361,994
17 443,125624,268763,957370,038407,133446,961473,270322,491375,53197,453133,162167,138199,463230,218259,480287,321326,568326,568--
170/4 436,925618,068763,957370,038407,133446,961473,270322,491375,53197,453133,162167,138199,463230,218259,480287,321326,568326,568--
178/9 6,2006,200------------------
42/48 510,665547,169513,535334,648120,48542,010109,71980,906122,355193,430231,916186,509689,184623,514724,906144,750144,301243,170161,928361,847
42 81,143128,89094,71637,09636,62526,30846,27553,04050,82735,70933,97532,32530,755-------
43 --------43,352----29,26227,84126,489----
430/8 --------43,352----29,26227,84126,489----
44 -878-39,84165,946-32,3816,34228,1765,63813,35912,483406,213422,784155,11452,156102,36592,746111,94432,267
440/4 -878-39,84165,946-32,3816,34228,1765,63813,35912,483406,213422,784155,11452,156102,36592,746111,94432,267
45 19,52330,40231,81937,71117,91415,70131,06321,524-152,083150,02079,13871,964129,468167,63930,10540,671145,87449,984162,980
450/3 19,52330,40231,81937,71112,91315,70127,01321,524-151,424147,63674,64571,566120,462160,86923,51716,565126,80231,756134,329
454/9 ----5,001-4,051--6582,3844,4933989,0066,7706,58824,10619,07218,22828,651
47/48 410,000387,000387,000220,000------34,56362,563180,25142,000374,31336,0001,2654,550-166,600
492/3 9,9051,2361,93370409-40,560---------8,1478,147-147
Income statement
70 -106,565295,153-----------------
76A -------------4001,90051,9012,200---
9900 109,19197,328124,919583,00383,535181,201116,43066,36812,604108,791274,535288,560226,512224,921260,51482,618206,843432,438327,288488,026
60/61 -16,573180,222-----------------
62 ---------20,39425,61427,96930,68742,44365,725100,109138,883121,167159,631164,907
630 21,93021,99322,60722,60722,56521,93022,29020,3386,65614,05125,42921,31222,41930,51029,52816,94123,73125,71629,51059,115
631/4 --65,000---65,000----------11,856----16,435
635/8 --------19,294--16,33635,630---------
640/8 2,74167,0603,58310,3585,2295,2324,3262,4961,1951,0981,4951,7405,2985,22510,94015,3882,84224,1325,1026,703
66A -1734901,797503143231124-4903,362410240---243---
9901 84,52073,10398,239548,24055,23888,89689,58362,7044,75489,584186,367237,539168,107146,743154,320-37,96441,387261,422133,046273,737
75/76B 9,37516,59012,0643,862811842977554,5235,5714,1924,3838225,0144,8003,29210,9185,1397,2697,611
75 9,37516,59012,0643,862811842977554,3665,5714,1924,3838225,0144,8003,29210,9185,1397,2697,611
76B --------157-----------
65/66B 36,19526,02710,2045,41912,33210,50811,43013,50617,80410,9419,47311,17112,72817,57516,14324,63433,65028,36413,36951,463
65 36,19526,02710,2045,41912,33210,50811,43013,50617,80410,9419,47311,17112,72817,57516,14324,63433,65028,36413,36951,463
9903 57,70063,665100,099546,68342,98778,57178,45049,953-8,52883,723177,724230,341155,961134,582144,877-7,40620,612238,197126,947229,885
67/77 19,70621,46032,750176,31912,97619,03226,38719,1294,60729,64966,25074,29551,77637,64647,34213,43086,29742,70189,989
9904 37,99442,20567,349370,36430,01159,53952,06330,824-13,13554,075111,474156,047104,18696,93797,535-7,40717,182151,90184,246139,897
9905 37,99442,20567,349370,36430,01159,53952,06330,824-13,13554,075111,474156,047104,18696,93797,535-7,40717,182151,90184,246139,897
Appropriation of the result
9906 153,311157,522182,666713,339342,975312,963253,424201,361280,461293,595239,521156,047164,501102,316451,629396,447403,854419,672267,771379,528
14P 115,317115,317115,317342,975312,963---------------
691/2 37,99442,20567,349378,022---------------3
691 -------------------3
6920 -------------------0
6921 37,99442,20567,349378,022----------------
694/7 ---220,000----109,923--28,000164,50142,000446,25042,353-33,000-196,000
694 ---220,000----109,923---138,251-446,25042,353-33,000-196,000
695 -----------28,00026,25042,000------
Social balance sheet
9087 ---------0.511111.52.6333.72.8
Hours worked1013 ---------1,2001,4021,4021,4021,6042,1773,6624,7564,6976,0959,216
Document PDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDFPDF

The accounts for 11 older financial years (1994-2004) were filed as documents without figures as data, scans for example.

The notes to these accounts have 6 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Source: Annual accounts 2025 (PDF), filed on 30-04-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank
Financial year Type Filed Reference Document
30-09-2025 micro format 30-04-2026 2026-00101419 PDF
30-09-2024 micro format 01-05-2025 2025-00086151 PDF
30-09-2023 micro format 30-04-2024 2024-00079671 PDF
30-09-2022 micro format 24-11-2022 2022-20528975 PDF
30-09-2021 micro format 26-04-2022 2022-20019488 PDF
30-09-2020 micro format 30-04-2021 2021-12300269 PDF
30-09-2019 micro format 18-03-2020 2020-07000218 PDF
30-09-2018 micro format 25-04-2019 2019-10800438 PDF
30-09-2017 micro format 09-05-2018 2018-12600035 PDF
30-09-2016 abbreviated format 31-03-2017 2017-09000384 PDF
30-09-2015 abbreviated format 27-03-2016 2016-09100438 PDF
30-09-2014 abbreviated format 27-01-2016 2016-03700205 PDF
30-09-2013 abbreviated format 07-05-2014 2014-12100242 PDF
30-09-2012 abbreviated format 30-05-2013 2013-14800594 PDF
30-09-2011 abbreviated format 21-05-2012 2012-12200202 PDF
30-09-2010 abbreviated format 29-04-2011 2011-09900349 PDF
30-09-2009 abbreviated format 30-04-2010 2010-10600268 PDF
30-09-2008 abbreviated format 30-04-2009 2009-13000338 PDF
30-09-2007 abbreviated format 30-04-2008 2008-13100038 PDF
30-09-2006 abbreviated format 30-04-2007 2007-13200094 PDF
31-12-2004 abbreviated format 23-06-2005 2005-31705227 PDF
31-12-2003 abbreviated format 13-09-2004 2004-64100478 PDF
31-12-2002 abbreviated format 31-07-2003 2003-56700016 PDF
31-12-2001 abbreviated format 19-09-2002 2002-57002378 PDF
31-12-2000 abbreviated format 04-10-2001 2001-61801877 PDF
31-12-1999 abbreviated format 05-10-2000 2000-61805244 PDF
31-12-1998 abbreviated format 04-11-1999 1999-57104117 PDF
31-12-1997 abbreviated format 17-02-1999 1999-03201666 PDF
31-12-1996 abbreviated format 17-02-1999 1999-03201653 PDF
31-12-1995 abbreviated format 17-02-1999 1999-03201640 PDF
31-12-1994 abbreviated format 17-02-1999 1999-03201627 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend20252024202320222021202020192018201720162015201420132012201120102009200820072006
106,45095,095120,845570,84777,803110,826111,87383,04311,410103,634211,796258,851190,526177,254183,848-21,02365,118287,138162,556332,851
59,92464,19889,956392,97152,57681,46974,35351,162-6,47968,125136,903177,358126,605127,447127,0639,53540,912177,616113,755199,011
0-101787,00802,0500231,6570367,3197,61715,45732138,41217,37379,6137137,47757,9942,20966,416
-55,88339,514-183,604189,469-17,537-20,07037,530-24,389-115,680-34,785-2,76225,902-25,70816,406152,172-121,396-185,020207,092-73,573-
-114,378-1,82974,258375,527239,991228,884214,284180,249182,127387,769352,568265,097148,386239,221200,409627,050707,975674,297231,487120,087
-68.6%33.3%-----------------
40.3%34.3%30.8%41.6%40.0%39.7%29.7%34.3%26.6%51.0%40.5%28.0%1.1%7.6%1.5%45.7%46.3%40.7%63.1%34.8%
0.781.001.142.122.996.452.953.232.493.002.522.421.221.381.285.335.913.772.431.33
0.781.001.142.121.321.651.120.740.841.961.651.340.921.061.003.944.512.942.431.33
1.481.912.241.401.501.522.371.912.770.961.472.5793.7112.2366.241.191.161.460.581.88
5.8%6.9%11.8%73.7%8.5%18.5%19.8%14.6%-7.3%17.8%44.8%113.5%-138.9%656.3%-2.0%4.2%38.3%30.4%72.5%
2.4%2.4%3.6%30.7%3.4%7.3%5.9%5.0%-1.9%9.1%18.2%31.8%11.6%10.5%9.8%-0.9%1.9%15.6%19.2%25.2%
2.943.6511.84over 1006.31---------------
-368 days230 days-----------------
-19 days------------------

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
Item30-09-202530-09-202430-09-202330-09-202230-09-2021
Tangible fixed assets----€2,050
Financial fixed assets--€787,008--
€21,930€21,993€22,607€22,607€22,565

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Insights on V.L. DEVELOPMENT

The operating result for 2025 is 16% higher than in 2024. It is a recovery after the fall in 2024.

Debt's share of the balance-sheet total falls from 65.7% to 59.7%. Equity is higher and debt is lower.

Board & ownership

Board

2 directors, last change in 2024
Frédéric STURBOIS
Director
appointed by deed of 19-02-2024 term without a fixed end
also on the board of 2 other companies
listed in the 2025 annual accounts, filed on 30-04-2026
Jan VAN LOOCK
Director
appointed by deed of 19-02-2024 term without a fixed end
also on the board of 2 other companies
listed in the 2025 annual accounts, filed on 30-04-2026

Office holders in the KBO →

Mandates through the years

2 names, the dashed line is today
Frédéric STURBOIS
Director
Jan VAN LOOCK
Director
Boardmandate already running before its first mention
Mandates as a list
  • Frédéric STURBOIS
    • Director, since before 30-09-2021
  • Jan VAN LOOCK
    • Director, since before 30-09-2021

See the board, name and registered office on a given date →

Control

See the annual accounts at the National Bank and the publications in the Belgian Official Gazette.

Capital

Contribution
€6,200
Source
2025 annual accounts

Articles of association

deed of 19-02-2024 (in French)
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited

Network & group

No group

V.L. DEVELOPMENT has no parent and no holdings in its annual accounts.

At the same address

Avenue Vésale 28, 1300 Wavre · 3 other companies
VLD +
registered office since 12-04-2016 · founded in 2016
 23 FTE (2026)
0651.849.403
DEMO ESTATE
registered office since 22-08-1979 · founded in 1979
 total assets €285,428 (2025)
0419.683.366
FFM Company
registered office since 30-10-2026
 founded in 2026
1044.733.649

Connections & network

2 connected companies
Depth

The connected companies are in the list below.

This 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
VLD +
via Jan VAN LOOCK and Frédéric STURBOIS · Director · deed of 19-02-2024
Founded in 2016 · 23 FTE (2026)
→
DEMO ESTATE
via Jan VAN LOOCK and Frédéric STURBOIS · Director · deed of 16-01-2024
Founded in 1979 · total assets €285,428 (2025)
→

Timeline

Timeline

43 events since 1994

Deadline for the 2026 accounts: 30-04-2027

2026
Annual accounts 2025 filed PDFmicro format · on the deadline day
Registered in the Peppol Directory Reachable for e-invoices through 0208:0453434220
2025
Annual accounts 2024 filed PDFmicro format · 1 day late
2024
Annual accounts 2023 filed PDFmicro format · on the deadline day
Registered office moved from Brussels to WavreNew registered office: Avenue Vésale 28, 1300 Wavre · Previous registered office: Avenue du Forum, 11/227, 1020 Bruxelles · Appointments: Jan VAN LOOCK (director) and Frédéric STURBOIS (director) · General meeting of 19-12-20236 points ▸
  • General meeting, 19-12-2023
  • Registered-office move, Avenue Vésale 28, 1300 Wavre
  • 750 shares
  • Power of attorney, Michel de FRÉSART
  • Director appointment, Jan VAN LOOCK
  • Director appointment, Frédéric STURBOIS
  • The deed holds 4 more points.

Open the deed in the Belgian Official Gazette

2023
Registered office moved from Zaventem to BrusselsNew registered office: Forumlaan 11, bus 227, 1020 Brussel · Previous registered office: Desmedtstraat, 75-1930 Zaventem1 point ▸
  • Registered-office move, Forumlaan 11, bus 227, 1020 Brussel
  • The deed holds 1 more point.

Open the deed in the Belgian Official Gazette

2022
Annual accounts 2022 filed PDFmicro format · 157 days before the deadline
Highest result from 2006 to 2025 net €370,364 ▲1,134% The operating result of €548,240 and the net result of €370,364 are both a record.
Equity above €500,000 equity €502,822 ▲42.7% After 5 profitable years in a row, equity reaches €502,822.
Annual accounts 2021 filed PDFmicro format · 4 days before the deadline
2021
Annual accounts 2020 filed PDFmicro format · on the deadline day
2020
Liquidity more than doubled current ratio 6.45 The current ratio rises from 2.95 to 6.45. Short-term debt falls from €109,719 to €42,010.
Annual accounts 2019 filed PDFmicro format · 43 days before the deadline
2019
Annual accounts 2018 filed PDFmicro format · 5 days before the deadline
2018
Back to profit net €30,824 The net result is €30,824, after one loss-making year.
Annual accounts 2017 filed PDFmicro format · 9 days late
2017
Weakest financial year net -€13,135 The net result drops to -€13,135, the lowest from 2006 to 2025. It recovers the following year.
Annual accounts 2016 filed PDFabbreviated format · 30 days before the deadline
2016
Annual accounts 2015 filed PDFabbreviated format · 34 days before the deadline
Annual accounts 2014 filed PDFabbreviated format · 272 days late
2014
Annual accounts 2013 filed PDFabbreviated format · 7 days late
2013
Annual accounts 2012 filed PDFabbreviated format · 30 days late
2012
Annual accounts 2011 filed PDFabbreviated format · 21 days late
2011
Back to profit net €97,535 The net result is €97,535, after one loss-making year.
Annual accounts 2010 filed PDFabbreviated format · 1 day before the deadline
2010
Annual accounts 2009 filed PDFabbreviated format · on the deadline day
2009
Annual accounts 2008 filed PDFabbreviated format · on the deadline day
2008
Annual accounts 2007 filed PDFabbreviated format · on the deadline day
2007
Equity above €200,000 equity €277,254 ▲43.6% With a profit in every financial year since 2006, equity grows to €277,254.
Annual accounts 2006 filed PDFabbreviated format · on the deadline day
2005
Annual accounts 2004 filed PDFabbreviated format
2004
Annual accounts 2003 filed PDFabbreviated format
2003
Annual accounts 2002 filed PDFabbreviated format
2002
Annual accounts 2001 filed PDFabbreviated format
2001
Annual accounts 2000 filed PDFabbreviated format
2000
Annual accounts 1999 filed PDFabbreviated format
1999
Annual accounts 1998 filed PDFabbreviated format
Annual accounts 1994 filed PDFabbreviated format
Annual accounts 1995 filed PDFabbreviated format
Annual accounts 1996 filed PDFabbreviated format
Annual accounts 1997 filed PDFabbreviated format
1994
First establishment Desmedtstraat 75, Zaventem
Incorporation published on 07-10-1994

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

V.L. DEVELOPMENT was incorporated on 9 September 1994.1 The registered office moved to Brussels in 2023 and to Wavre in 2024.23 Total assets rose from €886,457 in 2019 to €1.6m in 2025.4

  1. 1KBO register
  2. 2Belgian Official Gazette, 14-12-2023
  3. 3Belgian Official Gazette, 19-02-2024
  4. 4National Bank, annual accounts 2019 and 2025

Company details

Identity

Enterprise number
0453.434.220
VAT number
BE 0453.434.220
Peppol ID
0208:0453434220
Other Peppol ID
9925:BE0453434220
Legal form
Private limited company
Status
Active, normal situation
Founded
09-09-1994
Financial year
ends on 30 September
Peppol
Reachable since 13-01-2026Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
V.L. DEVELOPMENT in Dutch
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 19-02-2024 (in French)
Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Région Wallonne”
deed of 19-02-2024 (in French)

Activities

NACEBEL 2025
68310 Real estate agency activities main activity
Codes under NACEBEL 2008
68311 Real estate activities main activity
Codes under NACEBEL 2003
70311 main activity
PurposeThe purpose describes the activities the company may carry out under its articles.
“Pour compte propre et pour compte de tiers, en Belgique et à l'étranger, l'exécution de toutes activités de développement, coordination et…”
6 activities
  1. Pour compte propre et pour compte de tiers, en Belgique et à l'étranger, l'exécution de toutes activités de développement, coordination et élaboration de projets et bâtiments,
  2. Elle peut également fournir des services de conseil, notamment pour des études socio-économiques, techniques et financières, ainsi que pour des études de faisabilité et d'applicabilité et ce, dans le sens le plus large du terme,
  3. La commercialisation, location, gestion et l'exploitation de tous projets immobiliers ou industriels,
  4. Elle peut poser toutes opérations commerciales, industrielles, mobilières, immobilières ou financières qui peuvent directement ou indirectement contribuer à son objet,
  5. Elle peut également souscrire, participer, prendre part à toute opération financière, constitution, transformation ou fusion de sociétés en Belgique ou à l'étranger, qui ont un objet similaire ou connexe et qui peuvent favoriser le développement de la société,
  6. La société peut également exercer une fonction d'administration dans de telles sociétés.
deed of 19-02-2024 (in French)

Registered office and establishments

1 establishment
Establishment Since Unit number
Avenue Vésale 28 registered office 1300 Wavre
Desmedtstraat 75 1930 Zaventem 68201 Renting and operating of own or leased residential real estate, excluding social housing 27-10-1994 2.068.796.402
2 former offices
  • 1020 Bruxelles until the deed of 19-02-2024
  • Desmedtstraat,75, 1930 Zaventem until 20-09-2023 · deed of 14-12-2023

Buildings and parcels at the addresses

Ground area
4,382 m²
Buildings
1,306 m²
Volume, LiDAR
6,681 m³
Tallest building
9.0 m
Buildings to scale, each on its own parcel
1,229 m², 8.9 m 77 m², 8.7 m 1,229 m², 8.9 m 77 m², 8.7 m

Location

registered office establishment The establishment unit on the map
4 companies at this address See who is registered here

Parcels

Flanders 1 (50%) Wallonia 1 (50%)
Cadastral parcelRegionArea Buildings Height / floors
25112B0047/00R002Wallonia4,119 m² 1 · 1,229 m² 8.9 m · 1
23094D0330/00H000Flanders263 m² 1 · 77 m² 8.7 m · 3

We would like to set cookies. That happens only with your consent. What we measure