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VDD PROJECT DEVELOPMENT

Active
Private limited companyfounded 2010active for 16 yearsSint-Jakobsstraat 70, 8000 Brugge, BelgiumKBO/BCE: BE 0826.235.310
Summary

VDD PROJECT DEVELOPMENT has been active since 2010 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €7.6m and a net result of €1.5m. Equity has been growing by about 38% per year since 2018. Its solvency ranks better than 23% of 5,801 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).

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VDD PROJECT DEVELOPMENTActiveChecked score 83/100
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Overview

Overview

Official details

Source: KBO
Status
Active since 28-05-2010 Normal situation
Registered office
18 active companies are registered at this address Source: KBO register, as of 4 November 2026.
Activity
Development of residential building projects NACE 68121and 2 others
Joint committee
200 Aanvullend Paritair Comité voor de bedienden · annual accounts 2023
Establishment unit
2.191.461.414 8000 Brugge, since 28-05-2010
Financial year end
31 December
Peppol
Reachable since 05-01-2026
Company details

Board and ownership

Board
  • JOMABRIFIDirector
Auditor
CALLENS VANDELANOTTE
Shareholders
Holdings
Shares in 14 companies including Huis van Hamme and SABLON
Board & ownership

Financial position

83 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.4%
Annual accounts 2025
Turnover
€2.6m
▲ 15.1%
Profit
€1.5m
▲ 965%
Equity
€7.6m
▲ 25.4%
Total assets
€76.8m
▲ 10.6%
Employees on 31-12-2025
4
=
Financials
Score breakdownraises riskEquity €7.6m (9.9% of total assets)Liquidity: current ratio 2.19, cash €467,119, halvedlowers riskSize: turnover €2.6m, 4.2 FTE, total assets €76.8mFigures for financial year 2025 (filed on 22-06-2026)Show the evidence

Checked score

Score 2025
83 / 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 42% of micro companies in real estate (NACE 68)
Every signal that counts is listed under Signals.
Financial strength · tick: 2024
Weak
Solvency 35+1
equity 9.9% of total assets
Liquidity 47+2
short-term debt 15.3% · cash 0.6%
Profitability 14+1
return on assets 2.0%
Bankruptcy probability within 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%

About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (26,628 companies, NACE 68, micro)
Last 24 months 12-2024: 0.4% 01-2025: 0.4%● unchanged vs 12-2024 02-2025: 0.4%● unchanged vs 01-2025 03-2025: 0.4%● unchanged vs 02-2025 04-2025: 0.4%● unchanged vs 03-2025 05-2025: 0.4%● unchanged vs 04-2025 06-2025: 0.5%▲ +0.1 percentage points vs 05-2025highest value 07-2025: 0.4%▼ -0.1 percentage points vs 06-2025 08-2025: 0.4%● unchanged vs 07-2025 09-2025: 0.4%● unchanged vs 08-2025 10-2025: 0.4%● unchanged vs 09-2025 11-2025: 0.4%● unchanged vs 10-2025 12-2025: 0.4%● unchanged vs 11-2025 01-2026: 0.4%● unchanged vs 12-2025 02-2026: 0.4%● unchanged vs 01-2026 03-2026: 0.4%● unchanged vs 02-2026 04-2026: 0.4%● unchanged vs 03-2026 05-2026: 0.4%● unchanged vs 04-2026 06-2026: 0.4%● unchanged vs 05-2026 07-2026: 0.4%● unchanged vs 06-2026lowest value 08-2026: 0.4%● unchanged vs 07-2026lowest value 09-2026: 0.4%● unchanged vs 08-2026lowest value 10-2026: 0.4%● unchanged vs 09-2026lowest value 11-2026: 0.4%● unchanged vs 10-2026lowest value
Credit of up to €260,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.19 (1.77 in 2024), above the usual 1.5. Short-term debt is 15.3% and cash 0.6% of total assets. However, 90.1% 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 31% of them on solvency, 43% on liquidity, 16% on profitability and 76% on growth.

The bankruptcy probability was computed on 04-11-2026 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).

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

Six signals.
lowers riskraises riskneutral
raises risk · Equity €7.6m (9.9% of total assets)
NBB · annual accounts
raises risk · Liquidity: current ratio 2.19, cash €467,119, halved
NBB · annual accounts
lowers risk · Size: turnover €2.6m, 4.2 FTE, total assets €76.8m
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 · Figures for financial year 2025 (filed on 22-06-2026)
NBB · annual accounts
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 5801 sector peers (2025).
NBB · sector comparison
Position among 5801 sector peers
Solvency
better than 23%
← 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 22-06-2026, 39 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
39 days early
2024
38 days early
2023
27 days early
2022
31 days early
2021
11 days early
2020
1 day early
2019
22 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 24 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 next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 30 June (5 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
04-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Financials

Financials · financial year 2025, full format

Annual accounts 2025 filed on 22-06-2026 at the NBB all 15 filings

Turnover
€2.6m▲ 15.1%
2024 · €2.3m
EBIT margin
-27.3%▲ 29.0pp
2024 · -56.3%
Net result
€1.5m▲ 965%
2024 · €144,658
Working capital
€14.0m▲ 9.8%
2024 · €12.8m
In the rankings #4 company by total assets in Bruges, Real estate sector
Multi-year overview
2018 to 2025, 8 financial years
Turnover
€2.6m
▲ 15.1% 2025
20182025
Operating result
-€720,251
▲ 44.2% 2025
20182025
Net result
€1.5m
▲ 965% 2025
highest quarter of the sector
20182025
EBIT margin
-27.3%
▲ 29.0pp 2025
20182025
Equity
€7.6m
▲ 25.4% 2025
highest quarter of the sector
20182025
Total assets
€76.8m
▲ 10.6% 2025
highest quarter of the sector
20182025
Debt
€69.2m
▲ 9.1% 2025
20182025
Working capital
€14.0m
▲ 9.8% 2025
highest quarter of the sector
20182025
Solvency
9.9%
▲ 1.2pp 2025
lowest quarter of the sector
20182025
Current ratio
2.19
▲ 0.42 2025
middle half of the sector
20182025
Return on assets (ROA)
2.0%
▲ 1.8pp 2025
middle half of the sector
20182025
Staff (FTE)
4.2
▲ 7.7% 2025
highest quarter of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable unfavourable
Line20182019202020212022202320242025
Turnover€13.2m€2.3m▼ 82.6%€2.6m▲ 15.1%
Operating result€0.006m-€0.002m▼ 56.9%-€0.2m€0.7m€0.9m▲ 23.0%€0.2m▼ 76.6%-€1.3m-€0.7m▲ 44.2%
Net result€0.004m-€0.04m▲ 917%€0.06mwithin the sector's middle half▲ 40.0%€0.2mabove the sector's middle half▲ 163%€2.5mabove the sector's middle half▲ 16×€0.9mabove the sector's middle half▼ 62.2%€0.1mabove the sector's middle half▼ 84.4%€1.5mabove the sector's middle half▲ 965%
EBIT margin1.5%-56.3%▼ 57.8pp-27.3%▲ 29.0pp
Equity€1.1m-€1.2m▲ 3.7%€1.2mwithin the sector's middle half▲ 5.0%€2.3mabove the sector's middle half▲ 86.9%€4.7mabove the sector's middle half▲ 109%€5.9mabove the sector's middle half▲ 25.5%€6.1mabove the sector's middle half▲ 2.4%€7.6mabove the sector's middle half▲ 25.4%
Total assets€20.9m-€32.7m▲ 56.7%€41.9mabove the sector's middle half▲ 28.1%€50.8mabove the sector's middle half▲ 21.2%€54.7mabove the sector's middle half▲ 7.7%€61.4mabove the sector's middle half▲ 12.2%€69.5mabove the sector's middle half▲ 13.2%€76.8mabove the sector's middle half▲ 10.6%
Debt€19.7m-€31.5m▲ 59.7%€40.7m▲ 29.0%€48.5m▲ 19.3%€50.0m▲ 3.0%€55.5m▲ 11.0%€63.4m▲ 14.4%€69.2m▲ 9.1%
Working capital-€1.8m--€1.4m▲ 17.6%-€11.0mbelow the sector's middle half▼ 658%-€4.5mbelow the sector's middle half▲ 59.3%-€1.3mbelow the sector's middle half▲ 70.9%€4.7mabove the sector's middle half€12.8mabove the sector's middle half▲ 172%€14.0mabove the sector's middle half▲ 9.8%
Solvency5.3%-3.5%▼ 1.8pp2.9%below the sector's middle half▼ 0.6pp4.5%below the sector's middle half▲ 1.6pp8.6%below the sector's middle half▲ 4.2pp9.7%within the sector's middle half▲ 1.0pp8.7%within the sector's middle half▼ 0.9pp9.9%below the sector's middle half▲ 1.2pp
Current ratio0.89-0.93▲ 0.040.60within the sector's middle half▼ 0.330.86within the sector's middle half▲ 0.260.96within the sector's middle half▲ 0.101.21within the sector's middle half▲ 0.251.77within the sector's middle half▲ 0.562.19within the sector's middle half▲ 0.42
Return on assets (ROA)0.0%-0.1%▲ 0.1pp0.1%within the sector's middle half=0.3%within the sector's middle half▲ 0.2pp4.5%within the sector's middle half▲ 4.2pp1.5%within the sector's middle half▼ 3.0pp0.2%within the sector's middle half▼ 1.3pp2.0%within the sector's middle half▲ 1.8pp
Staff (FTE)1-1=0.3below the sector's middle half▼ 70.0%0.8below the sector's middle half▲ 167%2within the sector's middle half▲ 150%3.1within the sector's middle half▲ 55.0%3.9within the sector's middle half▲ 25.8%4.2above the sector's middle half▲ 7.7%
above within below The sector band is the middle half of the companies in Real estate activities (NACE 68). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.

The operating result for 2025 is a loss of €720,251, smaller than the loss of €1.3m in 2024.

Large changes and their cause
  • 2023 Net result -62% on 2022. The accounts now follow the full format, last year the abbreviated format.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €76.8m
Fixed assets €51.1m ▲ 27.1%
Current assets €25.8m ▼ 12.1%
Equity and liabilities €76.8m
Equity €7.6m ▲ 25.4%
Debt €69.2m ▲ 9.1%
Debt's share of the balance-sheet total falls from 91.3% to 90.1%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
-€604,365▲
2024 · -€1.2m
Cash flow
€1.7m▲
2024 · €263,366
Quick ratio
1.24▲
2024 · 0.82
Debt to equity
9.10▼
2024 · 10.45
ROE
20.2%▲
2024 · 2.4%
Interest coverage
-0.70▲
2024 · -1.18
Debt ≤ 1 year
€11.8m▼
2024 · €16.6m
Debt > 1 year
€56.6m▲
2024 · €46.3m
Customer credit
367 days▲
2024 · 219 days
Supplier credit
2576 days▲
2024 · 487 days
Staff costs
€240,554▲
2024 · €237,730
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Staff

social balance sheet
Item31-12-202131-12-202231-12-202331-12-202431-12-2025
Employees at the balance-sheet date12444
full-time12344
part-time00100
in full-time equivalents123.944
Average over the year, in full-time equivalents0.823.13.94.2
On a permanent contract12444
Joined21211
Left11011
Training hours---767769

Source: social balance sheet in the 2021 to 2025 annual accounts

Securities and guarantees

on own assets and for others
Item20212022202320242025
Debts secured on the company's own assets€19.2m€10.2m€22.1m€19.7m€24.9m
Mortgages, amount registered€150,000€150,000€125,000€125,000€125,000
Mortgage mandates€23.6m€23.6m€47.6m€47.6m€47.6m
Carrying value of the mortgaged assets€7.9m€7.1m€7.4m€7.7m€7.7m
Pledge on other assets, amount secured€7.9m----
Carrying value of the other pledged assets€13.5m€13.5m€11.4m€10.4m€9.7m
Guarantees given for others' debts--€16.3m€16.3m€16.3m

Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)

Investments

fixed assets acquired
Item20212022202320242025
Tangible fixed assets€1,933€4,711€660,394€448,615€3,013
Intangible fixed assets----€28,864
Financial fixed assets€2.1m€748,211€10.3m-€8.0m
Depreciation and write-downs of the year€23,181€24,054€56,561€118,708€115,886

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

Auditor

fees

The auditor is CALLENS VANDELANOTTE.

Item20212022202320242025
Fee for the audit--€8,750€8,750€9,662

Source: notes to the 2021 to 2025 annual accounts (relations with the auditor)

Subsidies and aid

Flemish government

2022 to 2024 · 5 entries · €32,514 awarded · €32,514 paid
Year Entries AwardedPaid
2024 2 €0€32,202
2023 1 €24,392€0
2022 2 €8,122€312
Schemes
2 entries · €24,392 · €24,392 paid · Onroerend Erfgoed
2 entries · €7,810 · €7,810 paid · Onroerend Erfgoed
1 entry · €312 · €312 paid · Fonds voor Innoveren en Ondernemen
Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 77 lines
Balance sheet Code20242025
Assets
Total assets20/58€69.5m€76.8m▲
Fixed assets21/28€40.2m€51.1m▲
Intangible fixed assets21€2.8m€2.8m▲
Tangible fixed assets22/27€1.0m€0.9m▼
Furniture and vehicles24€0.03m€0.02m▼
Other tangible fixed assets26€0.9m€0.8m▼
Financial fixed assets28€36.4m€47.4m▲
Affiliated companies280/1€36.4m€47.4m▲
Participating interests280€23.8m€31.8m▲
Amounts receivable281€12.6m€15.6m▲
Other financial fixed assets284/8€185€185=
Amounts receivable and cash guarantees285/8€185€185=
Current assets29/58€29.3m€25.8m▼
Stocks and contracts in progress3€15.8m€11.2m▼
Stocks30/36€13.6m€9.0m▼
Property held for sale35€13.6m€9.0m▼
Contracts in progress37€2.1m€2.2m▲
Amounts receivable within one year40/41€11.7m€14.1m▲
Trade receivables40€1.4m€2.7m▲
Other amounts receivable41€10.3m€11.4m▲
Cash at bank and in hand54/58€1.8m€0.5m▼
Deferred charges and accrued income490/1€0.02m€0.02m▲
Equity and liabilities
Total equity and liabilities10/49€69.5m€76.8m▲
Equity10/15€6.1m€7.6m▲
Contributions10/11€1.0m€1.0m=
Reserves13€0.09m€0.09m=
Distributable reserves133€0.09m€0.09m=
Profit (loss) carried forward14€3.8m€5.3m▲
Investment grants15€1.2m€1.2m=
Amounts payable17/49€63.4m€69.2m▲
Amounts payable after more than one year17€46.3m€56.6m▲
Financial debts170/4€46.3m€56.6m▲
Unsubordinated bonds171€10.0m€10.0m=
Credit institutions173€0.4m€0.3m▼
Other loans174€35.9m€46.3m▲
Amounts payable within one year42/48€16.6m€11.8m▼
Current portion of amounts payable after more than one year42€0.09m€0.09m=
Financial debts43€4.7m€0▼
Credit institutions430/8€4.7m€0▼
Trade debts44€4.8m€4.9m▲
Suppliers440/4€4.8m€4.9m▲
Advances received on contracts in progress46€0-
Taxes, remuneration and social security45€0.1m€0.06m▼
Taxes450/3€0.09m€0.01m▼
Remuneration and social security454/9€0.03m€0.04m▲
Other amounts payable47/48€6.8m€6.7m▼
Accrued charges and deferred income492/3€0.5m€0.9m▲
Income statement Code20242025
Operating income70/76A€5.5m€3.0m▼
Turnover70€2.3m€2.6m▲
Change in stocks of work in progress, finished goods and contracts in progress71€3.0m€0.09m▼
Other operating income74€0.3m€0.3m▲
Operating charges60/66A€6.8m€3.7m▼
Goods for resale, raw materials and consumables60€3.6m€0.7m▼
Purchases600/8€3.5m€0.4m▼
Change in stocks: decrease (increase)609€0.1m€0.3m▲
Services and other goods61€2.7m€2.7m▼
Remuneration, social security and pensions62€0.2m€0.2m▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.1m€0.1m▼
Other operating charges640/8€0.1m€0.005m▼
Operating profit (loss)9901-€1.3m-€0.7m▲
Financial income75/76B€2.4m€3.1m▲
Recurring financial income75€2.4m€3.1m▲
Income from financial fixed assets750€1.2m€1.6m▲
Income from current assets751€1.2m€1.3m▲
Other financial income752/9€163€0.2m▲
Financial charges65/66B€1.0m€0.9m▼
Recurring financial charges65€1.0m€0.9m▼
Debt charges650€1.0m€0.9m▼
Other financial charges652/9€0.006m€0.003m▼
Profit (loss) for the period before taxes9903€0.1m€1.5m▲
Income taxes67/77€0-
Taxes670/3€0-
Profit (loss) for the period9904€0.1m€1.5m▲
Profit (loss) for the period to be appropriated9905€0.1m€1.5m▲
Appropriation of the result
Profit (loss) to be appropriated9906€3.8m€5.3m▲
Profit (loss) brought forward from the previous period14P€3.6m€3.8m▲
Social balance sheet
Average headcount (FTE)90873.94.2▲

The notes to these accounts have 87 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 22-06-2026.

Line20182019202020212022202320242025Change
Operating income70/76A-----€18.4m€5.5m€3.0m▼ 45.3%
Turnover70-----€13.2m€2.3m€2.6m▲ 15.1%
Change in stocks of work in progress, finished goods and contracts in progress71-----€3.6m€3.0m€0.09m▼ 97.0%
Other operating income74-----€1.6m€0.3m€0.3m▲ 12.6%
Non-recurring operating income76A---€0-----
Operating charges60/66A-----€18.2m€6.8m€3.7m▼ 45.1%
Goods for resale, raw materials and consumables60-----€14.8m€3.6m€0.7m▼ 80.7%
Purchases600/8-----€14.1m€3.5m€0.4m▼ 87.3%
Change in stocks: decrease (increase)609-----€0.7m€0.1m€0.3m▲ 103%
Services and other goods61-----€3.0m€2.7m€2.7m▼ 1.7%
Remuneration, social security and pensions62---€0.04m€0.1m€0.2m€0.2m€0.2m▲ 1.2%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630-€0.01m€0.02m€0.02m€0.02m€0.06m€0.1m€0.1m▼ 2.4%
Other operating charges640/8---€0.05m€0.09m€0.1m€0.1m€0.005m▼ 95.2%
Gross operating margin9900€0.007m€0.1m-€0.07m€0.8m€1.1m----
Operating profit (loss)9901€0.006m€0.002m-€0.2m€0.7m€0.9m€0.2m-€1.3m-€0.7m▲ 44.2%
Financial income75/76B---€0.9m€2.9m€1.7m€2.4m€3.1m▲ 28.8%
Recurring financial income75-€0.1m€0.4m€0.9m€2.9m€1.7m€2.4m€3.1m▲ 28.8%
Income from financial fixed assets750-----€0.5m€1.2m€1.6m▲ 34.5%
Income from current assets751-----€1.1m€1.2m€1.3m▲ 5.9%
Other financial income752/9-----€0.001m€163€0.2m▲ 1,286×
Non-recurring financial income76B---€0-----
Financial charges65/66B---€1.4m€1.1m€0.8m€1.0m€0.9m▼ 12.4%
Recurring financial charges65€440€0.07m€0.2m€1.2m€1.1m€0.8m€1.0m€0.9m▼ 12.4%
Debt charges650-----€0.8m€1.0m€0.9m▼ 12.2%
Other financial charges652/9-----€0.002m€0.006m€0.003m▼ 53.1%
Non-recurring financial charges66B---€0.2m€0----
Profit (loss) for the period before taxes9903€0.005m€0.05m€0.06m€0.2m€2.7m€1.1m€0.1m€1.5m▲ 965%
Income taxes67/77€0.001m€0.01m€0.006m€0.02m€0.2m€0.1m€0--
Taxes670/3-----€0.1m€0--
Profit (loss) for the period9904€0.004m€0.04m€0.06m€0.2m€2.5m€0.9m€0.1m€1.5m▲ 965%
Profit (loss) for the period to be appropriated9905€0.004m€0.04m€0.06m€0.2m€2.5m€0.9m€0.1m€1.5m▲ 965%
Line20182019202020212022202320242025Change
Assets
Total assets20/58€20.9m€32.7m€41.9m€50.8m€54.7m€61.4m€69.5m€76.8m▲ 10.6%
Fixed assets21/28€6.9m€13.5m€25.5m€23.3m€24.0m€34.3m€40.2m€51.1m▲ 27.1%
Intangible fixed assets21--€2.8m€2.8m€2.8m€2.8m€2.8m€2.8m▲ 1.0%
Tangible fixed assets22/27-€0.1m€0.08m€0.06m€0.04m€0.6m€1.0m€0.9m▼ 11.5%
Furniture and vehicles24---€0.06m€0.04m€0.04m€0.03m€0.02m▼ 31.0%
Other tangible fixed assets26-----€0.6m€0.9m€0.8m▼ 11.0%
Financial fixed assets28€6.9m€13.4m€22.7m€20.5m€21.2m€30.9m€36.4m€47.4m▲ 30.1%
Affiliated companies280/1-----€30.9m€36.4m€47.4m▲ 30.1%
Participating interests280-----€23.8m€23.8m€31.8m▲ 33.6%
Amounts receivable281-----€7.1m€12.6m€15.6m▲ 23.6%
Other financial fixed assets284/8-----€185€185€185=
Amounts receivable and cash guarantees285/8-----€185€185€185=
Current assets29/58€13.9m€19.2m€16.4m€27.5m€30.7m€27.1m€29.3m€25.8m▼ 12.1%
Stocks and contracts in progress3€13.6m€15.7m€13.1m€11.4m€9.9m€11.2m€15.8m€11.2m▼ 28.9%
Stocks30/36---€11.4m€9.9m€11.2m€13.6m€9.0m▼ 34.1%
Property held for sale35-----€11.2m€13.6m€9.0m▼ 34.1%
Contracts in progress37------€2.1m€2.2m▲ 4.3%
Amounts receivable within one year40/41€0.2m€0.9m€2.6m€14.3m€16.9m€14.3m€11.7m€14.1m▲ 20.0%
Trade receivables40---€1.7m€1.4m€2.6m€1.4m€2.7m▲ 93.1%
Other amounts receivable41---€12.7m€15.5m€11.7m€10.3m€11.4m▲ 10.3%
Current investments50/53-€34€0------
Cash at bank and in hand54/58€0.1m€2.5m€0.7m€1.8m€3.9m€1.6m€1.8m€0.5m▼ 74.0%
Deferred charges and accrued income490/1---€0.003m€0.006m€0.005m€0.02m€0.02m▲ 11.8%
Equity and liabilities
Total equity and liabilities10/49€20.9m€32.7m€41.9m€50.8m€54.7m€61.4m€69.5m€76.8m▲ 10.6%
Equity10/15€1.1m€1.2m€1.2m€2.3m€4.7m€5.9m€6.1m€7.6m▲ 25.4%
Contributions10/11€1.0m€1.0m-€1.0m€1.0m€1.0m€1.0m€1.0m=
Reserves13€0.09m€0.09m€0.09m€0.09m€0.09m€0.09m€0.09m€0.09m=
Non-distributable reserves130/1---€0.008m-€0---
Reserves not available under the articles1311---€0.008m-€0---
Distributable reserves133---€0.08m€0.09m€0.09m€0.09m€0.09m=
Profit (loss) carried forward14€0.004m€0.05m€0.1m€0.3m€2.7m€3.6m€3.8m€5.3m▲ 40.6%
Investment grants15---€0.9m€0.9m€1.2m€1.2m€1.2m=
Amounts payable17/49€19.7m€31.5m€40.7m€48.5m€50.0m€55.5m€63.4m€69.2m▲ 9.1%
Amounts payable after more than one year17€4.0m€10.7m€13.2m€16.5m€18.0m€32.9m€46.3m€56.6m▲ 22.2%
Financial debts170/4---€16.5m€18.0m€32.9m€46.3m€56.6m▲ 22.2%
Unsubordinated bonds171-----€10.0m€10.0m€10.0m=
Credit institutions173-----€0.5m€0.4m€0.3m▼ 21.8%
Other loans174-----€22.4m€35.9m€46.3m▲ 28.9%
Amounts payable within one year42/48€15.7m€20.6m€27.3m€31.9m€31.9m€22.4m€16.6m€11.8m▼ 29.0%
Current portion of amounts payable after more than one year42---€4.6m€3.3m€6.4m€0.09m€0.09m=
Financial debts43---€4.9m€4.9m€4.9m€4.7m€0▼ 100%
Credit institutions430/8---€4.9m€4.9m€4.9m€4.7m€0▼ 100%
Trade debts44€0.2m€0.6m€0.2m€0.3m€0.4m€2.6m€4.8m€4.9m▲ 2.1%
Suppliers440/4---€0.3m€0.4m€2.6m€4.8m€4.9m▲ 2.1%
Advances received on contracts in progress46---€11.4m€14.0m€0.8m€0--
Taxes, remuneration and social security45---€0.06m€0.5m€0.4m€0.1m€0.06m▼ 51.9%
Taxes450/3---€0.06m€0.4m€0.4m€0.09m€0.01m▼ 87.1%
Remuneration and social security454/9---€0.004m€0.03m€0.04m€0.03m€0.04m▲ 49.8%
Other amounts payable47/48---€10.7m€8.9m€7.2m€6.8m€6.7m▼ 2.4%
Accrued charges and deferred income492/3---€0.08m€0€0.2m€0.5m€0.9m▲ 61.0%
Line20182019202020212022202320242025Change
Profit (loss) for the period9904€0.004m€0.04m€0.06m€0.2m€2.5m€0.9m€0.1m€1.5m▲ 965%
+ Depreciation and write-downs630-€0.01m€0.02m€0.02m€0.02m€0.06m€0.1m€0.1m▼ 2.4%
Operating cash flow (approximation)€0.004m€0.05m€0.08m€0.2m€2.5m€1.0m€0.3m€1.7m▲ 529%
Investment in fixed assets (approximation)--€6.6m-€12.0m€2.2m-€0.8m-€10.3m-€6.0m-€11.0m▼ 84.3%
Change in cash-€2.4m-€1.8m€1.1m€2.1m-€2.3m€0.2m-€1.3m-

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

Download as CSV

Latest 10 of 15 filings with the National Bank
Financial year Type Filed Reference Document
31-12-2025 full format 22-06-2026 2026-00189355 PDF
31-12-2024 full format 23-06-2025 2025-00172155 PDF
31-12-2023 full format 04-07-2024 2024-00230583 PDF
31-12-2022 abbreviated format 30-06-2023 2023-00199999 PDF
31-12-2021 abbreviated format 20-07-2022 2022-20217421 PDF
31-12-2020 abbreviated format 30-07-2021 2021-44600202 PDF
31-12-2019 abbreviated format 09-07-2020 2020-28000297 PDF
31-12-2018 abbreviated format 19-07-2019 2019-36000489 PDF
31-12-2017 abbreviated format 09-07-2018 2018-29800370 PDF
31-12-2016 abbreviated format 14-07-2017 2017-30900105 PDF

Show all 15 filings

Board & ownership

Directors

Directors
1 director, last change in 2026

Act of 24-06-2026Reappointment: CALLENS VANDELANOTTE NV (statutory auditor)

Board 1

JOMABRIFI
Director · in office according to the act of 07-06-2024 · Legal entity · listed in the 2025 annual accounts, filed on 22-06-2026
Current

Statutory auditor 1

CALLENS VANDELANOTTE
Statutory auditor · current term since 19-06-2026 · term of 3 financial years from 2026 · permanent representative: Degryse Jan · listed in the 2025 annual accounts, filed on 22-06-2026
Current
Office holders in the KBO →

Owners and capital

Shareholders

2 owners

Chain of control

  1. JOMABRIFI 50.45%
  2. VDD PROJECT DEVELOPMENT

Owners 2

Mandate history

3 people, 2 in office
Show
  • Board
  • Statutory auditor
  • mandate already running before its first mention
Mandates per person, with start and end dates
Name Functions and periods
JOMABRIFI
  • Director, since before 07-06-2024
CALLENS VANDELANOTTE
  • Statutory auditor, appointed in the act of 07-06-2024, still in office
TDV REAL ESTATE INVESTMENTS
  • Statutory director, appointed in the act of 18-01-2024, until 18-01-2024
See the board, name and registered office on a given date →

Network & group

Holdings and subsidiaries

14 holdings

Holdings 14

Source for every holding own accounts 2025

  • Huis van Hammesubsidiary
    Equity -€212,804 Loss of €102,571 in 2025 (loss of €95,423 in 2024) Checked score 53
    100%
  • SABLONsubsidiary
    Alsoact 30-10-2023
    Equity €2.1m Profit of €73,354 in 2025 (loss of €160,189 in 2024) Checked score 94
    100%
  • VDD WKsubsidiary
    Equity €3.6m Profit of €134,441 in 2025 (profit of €168,089 in 2024) Checked score 84
    100%
  • WEYLERKAZERNEsubsidiary
    Equity €4,726 Loss of €11,517 in 2025 (loss of €27,480 in 2024) Checked score 53
    100%
  • Gesu
    Equity €1.5m Profit of €701,021 in 2025 (profit of €137,540 in 2024) Checked score 94
    50%
  • Koepel Development BVNL
    50%
  • Lindenlei
    Equity €1.8m Loss of €45,988 in 2025 (loss of €42,680 in 2024) Checked score 92
    50%
  • PATRIBO
    Equity €33.7m Profit of €2.5m in 2025 (profit of €3.8m in 2024) Checked score 96
    50%
  • Royal Botanic Construct
    Equity -€58,744 Loss of €26,166 in 2025 (loss of €33,579 in 2024) Checked score 53
    50%
  • THE DOME
    Equity €829,776 Loss of €36,147 in 2025 (loss of €81,939 in 2024) Checked score 90
    50%+ 0% via subsidiaries
Show 4 more holdings
  • VDD LL
    Equity €5.9m Loss of €41,918 in 2025 (loss of €36,950 in 2024) Checked score 66
    50%
  • VDD WR
    Equity €2,350 Profit of €356,681 in 2025 (profit of €379,091 in 2024) Checked score 90
    50%
  • VV de Mérode
    Equity €0Result €0
    50%
  • VV RESIDENCES
    Alsoaccounts VV RESIDENCES 2021
    Equity €169,133 Profit of €136,404 in 2025 (profit of €1,914 in 2024) Checked score 95
    50%+ 0% via subsidiaries

Board mandates elsewhere

3 board mandates
Board mandates of VDD PROJECT DEVELOPMENTVDD PROJECT DEVELOPMENT sits on their board3
Gesu
1 location
VDD LL
1 location
VV RESIDENCES
1 location

Companies at the same address

17 other companies
and 7 more

Connections & network

1 connected company
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
VDD HVH
Shared director
→

Timeline

Acts, filings and financial milestones

Deadline for the 2026 accounts: 31-07-2027
2026
24-06
Gazette deed Reappointment: CALLENS VANDELANOTTE NV (statutory auditor)
6 points ▸
  • General meeting, 19-06-2026
  • Auditor reappointment, CALLENS VANDELANOTTE NV (statutory auditor)
  • Power of attorney, Louise Collin (medewerker van deloitte accountancy bv)
  • Power of attorney, Louise Defuster (medewerker van deloitte accountancy bv)
  • Power of attorney, Léa Crahay (medewerker van deloitte accountancy bv)
  • Power of attorney, Gabrielle Declerc (medewerker van deloitte accountancy bv)
  • The act holds 1 more point.

Open the act in the Belgian Official Gazette

22-06
NBB filing Annual accounts 2025 filedNBB
full format · 39 days before the deadline
2025
23-06
NBB filing Annual accounts 2024 filedPDF
full format · 38 days before the deadline
2024
04-07
NBB filing Annual accounts 2023 filedPDF
full format · 27 days before the deadline
07-06
Gazette deed Appointment: CALLENS VANDELANOTTE (statutory auditor)
Permanent representatives: Jan Degryse, Thibaut De Vos and Johan Vandendriessche7 points ▸
  • General meeting, 07-03-2024
  • Auditor appointment, CALLENS VANDELANOTTE (statutory auditor)
  • Permanent representative, Jan Degryse
  • Permanent representative, Thibaut De Vos
  • Permanent representative, Johan Vandendriessche
  • Director in office, TDV REAL ESTATE INVESTMENTS (director)
  • Director in office, JOMABRIFI (director)

Open the act in the Belgian Official Gazette

18-01
Gazette deed 1 director appointed, 1 director resigning
Change of role: TDV Real Estate Investments, from director to statutory director · Permanent representatives: DE VOS Thibaut Paul Paulette and VANDENDRIESSCHE Johan Didier Maurice8 points ▸
  • General meeting, 27-12-2023
  • Director resignation, TDV Real Estate Investments (director (not named in the articles))
  • Director appointment, TDV Real Estate Investments (statutory director)
  • Permanent representative, DE VOS Thibaut Paul Paulette
  • Board composition, JOMABRIFI (statutory director)
  • Board composition, TDV Real Estate Investments (statutory director)
  • Permanent representative, VANDENDRIESSCHE Johan Didier Maurice
  • Power of attorney, Stijn RAES
  • The act holds 2 more points.

Open the act in the Belgian Official Gazette

2023
31-12
Financial Equity above €5mequity €5.9m ▲25.5%
With a profit in every financial year since 2018, equity grows to €5.9m.
30-06
NBB filing Annual accounts 2022 filedPDF
abbreviated format · 31 days before the deadline
2022
31-12
Financial Highest result from 2018 to 2025net €2.5m ▲1,520%
The operating result of €868,585 and the net result of €2.5m are both a record.
20-07
NBB filing Annual accounts 2021 filedPDF
abbreviated format · 11 days before the deadline
2021
31-12
Financial Equity above €2mequity €2.3m ▲86.9%
With a profit in every financial year since 2018, equity grows to €2.3m.
30-07
NBB filing Annual accounts 2020 filedPDF
abbreviated format · 1 day before the deadline
Show earlier events
2020
09-07
NBB filing Annual accounts 2019 filedPDF
abbreviated format · 22 days before the deadline
2019
19-07
NBB filing Annual accounts 2018 filedPDF
abbreviated format · 12 days before the deadline
2018
09-07
NBB filing Annual accounts 2017 filedPDF
abbreviated format · 22 days before the deadline
2017
14-07
NBB filing Annual accounts 2016 filedPDF
abbreviated format · 17 days before the deadline
2010
08-06
Gazette deed IncorporationPDF

Show all 15 filings

Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.

Sources:Publications in the Belgian Official GazetteFilings with the National Bank

History

On 28 May 2010, VDD PROJECT DEVELOPMENT was incorporated.1 Turnover went from €13.2m in 2023 to €2.6m in 2025 and headcount from 1 full-time equivalents in 2018 to 4.2 in 2025.2

  1. 1KBO register
  2. 2National Bank, annual accounts 2018, 2023 and 2025

Company details

Register details

Identity

KBO record
Name VDD PROJECT DEVELOPMENT in Dutch
Enterprise number 0826.235.310
LEI code 984500E0D080BKUC4637 live in the LEI register
Legal form Private limited company
Status Active, normale toestand
Founded 28-05-2010
Entity type Legal entity

Registered office and establishments

Registered office Sint-Jakobsstraat 70, 8000 Brugge, Belgium
Establishment unit Sint-Jakobsstraat 70, 8000 Brugge since 28-05-2010 · unit number 2.191.461.414

Activities

NACEBEL 2025
VAT activities
68121 Development of residential building projects main activity
70200 Business and other management consultancy
82990 Other business support services
Social security (RSZ) activities
68121 Development of residential building projects main activity
Codes under NACEBEL 2008
VAT activities
41101 Real estate development main activity
70220 Business consulting
82990 Other business support services
Social security (RSZ) activities
41101 Real estate development main activity
Joint committee 200 Aanvullend Paritair Comité voor de bedienden annual accounts 2023

Invoicing and payment

VAT number BE 0826.235.310
E-invoicing via Peppol
Reachable via Peppol
Peppol ID 0208:0826235310
Other Peppol ID 9925:BE0826235310
Registered 05-01-2026

Follow this company and you will hear the next morning if it leaves the Peppol register.

Register as of 4 November 2026 · Peppol Directory

Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0826.235.310

Financial year and general meeting

Accounts at the NBB
Financial year end 31-12

Sites & property

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

Buildings and parcels at the address

Ground area
167 m²
Building footprint
167 m²
Building volume
1,759 m³
Cadastral parcel Region Area Buildings Height / floors
31805E1197/00R000
ProtectedMonument · Townscape or village viewHerenhuis Hof de Gros: herenhuis met bijgebouwenSource ↗
 Flanders 167 m² 1 · 167 m² 13.4 m · 3

1 of these parcels carries protected heritage. Expect extra rules on renovation or sale.

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