Premier Development Fund 2
Premier Development Fund 2 and the 16 companies it controls according to the LEI register and the annual accounts: the structure, the figures, each company's health and where the risk sits.
Sum of the filed annual accounts of 17 of the 17 Belgian companies (fiscal years 2024-2025). Not a consolidation: receivables, participations and sales between group companies are not eliminated, so they count.
Consolidated accounts 2025
Filed by Premier Development Fund 2: the group's figures as one whole, with intra-group positions eliminated. These are the real group figures.
Group risk
How healthy the group's Belgian companies are, and where the risk sits. A weak subsidiary can cost the parent money, and the other way round.
- The parent itself: Premier Development Fund 2, healthy (96/100).
- 2 companies with negative equity: PIONIER CONSTRUCT (-€889,279), SDRE INVEST (-€437,764).
- 10 companies with a loss in the latest year: Helmgras Holding (-€599,932), SDRE INVEST (-€510,078), PIONIER CONSTRUCT (-€253,930), PDF 2 Invest (-€68,518), PDF 2 Land (-€54,447), ESPOSITO (-€19,401) and 4 more.
- 54.4% of the added-up total assets sits in one company: Premier Development Fund 2.
- 21.7% of the added-up total assets sits at companies with an elevated or high risk.
Group structure
Who consolidates whom according to the LEI register, completed with who holds more than half of the shares according to the annual accounts. Both mean control.
- Premier Development Fund 212 subsidiariesHealthy · 96€107.8m €70.5m 2025
- Healthy · 94€4.7m €472,181 2025
- Helmgras Holding2 subsidiariesHealthy · 91€11.8m €1.3m 2025
- Elevated · 55€1.3m €214,960 2025
- Healthy · 90€390,068 €261,195 2025
- Healthy · 94€333,047 €173,815 2025
- Healthy · 70€296,978 €241,999 2025
- Healthy · 94€18.8m €545,760 2025
- PDF 2 Invest2 subsidiariesHealthy · 69€218,399 €210,814 2025
- Healthy · 66€4.1m €31,040 2025
- Healthy · 70€50,004 €43,810 2025
- Elevated · 55€41.7m €468,789 2025
- Healthy · 94€49,643 €44,425 2025
- Fair · 54€1.7m -€889,279 2024
- Fair · 53€309,302 €120,099 2024
- Healthy · 94€240,980 €219,561 2025
- Fair · 54€4.3m -€437,764 2025
High risk Elevated Healthy Fair No verdict Amounts: total assets and equity from the latest accounts.
Events in the group
Bankruptcies, director changes, capital changes and other publications of all Belgian group companies, over the last two years.
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4 directors resigning, 4 reappointed
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Capital increase of €1,000,000 to €1,090,000
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Capital increase of €150,000 to €211,500
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Capital increase of €60,000 to €121,500
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Mark Hillewaere reappointed as director
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Where do these figures come from?
Completed with the annual accounts: a company of which another Belgian company holds more than half of the shares, by the list of holdings or the shareholder structure in its accounts, stands under that company, with the share. The register of ultimate beneficial owners (UBO) is not public.
The group's make-up comes from the LEI register (GLEIF): which company consolidates which other, directly or ultimately. A company whose link the register does not state is not listed here, even if it does belong to the group.
The amounts are those of the annual accounts each Belgian company filed with the National Bank, added up without consolidation. The verdict per company is that of its dossier on Checked.be. Everything is updated every night.
Updated on 04-10-2026