ACTIVE

DEVELOPMENT

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Financial year 2025 · closed on 30/06/2025
Net result
-14,3 k €
-256.9% YoY
Gross margin
96,0 k €
+76.1% YoY
Equity
304,8 k €
-4.5% YoY
Workforce
1,0 ETP
0.0% YoY

What does DEVELOPMENT do?

DEVELOPMENT is a Public limited company incorporated in 1987. Its registered office is in Izegem. It employs on average 1,0 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0430.742.554
Incorporation
30/03/1987
Legal form
Public limited company
Registered office
Gentseheerweg 63
8870 Izegem · FlandreSee on map
Contributed capital
297 472,23 €
Latest accounts
30/06/2025
Average workforce
1,0 ETP
Joint committees (2)
  • 10000
  • 200000
Signals
Solid equityHealthy social debts
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 18 financial years

202520242023202220202019201820172016201520142013201220112010200920082007
Income statement
Gross margin96,0 k €54,5 k €88,8 k €98,7 k €65,0 k €61,0 k €40,9 k €71,3 k €-556,0 €-2,7 k €-3,2 k €-4,2 k €10,5 k €-5,9 k €-4,6 k €-1,8 k €9,7 k €27,3 k €
EBITDA-10,4 k €14,5 k €30,1 k €31,7 k €3,3 k €4,3 k €552,4 €9,3 k €-5,2 k €-3,8 k €-4,3 k €-16,9 k €9,5 k €-42,2 k €-38,8 k €-34,5 k €-21,5 k €-2,6 k €
Operating result-13,6 k €11,3 k €26,9 k €28,8 k €-2,9 k €1,1 k €-2,7 k €6,0 k €-11,1 k €-3,8 k €-4,3 k €-16,9 k €9,5 k €-42,2 k €-38,8 k €-34,5 k €-21,5 k €-2,6 k €
Net result-14,3 k €9,1 k €22,7 k €24,6 k €1,4 k €5,6 k €284,1 €6,8 k €-9,8 k €-2,6 k €-80,7 €-12,8 k €-699,8 k €-1,3 k €172,0 k €71,7 k €143,8 k €4,9 k €
Balance sheet
Equity304,8 k €319,1 k €310,0 k €287,3 k €260,0 k €258,6 k €253,0 k €252,7 k €246,0 k €255,8 k €258,4 k €258,5 k €271,2 k €971,0 k €1,2 M €1,0 M €928,6 k €784,9 k €
Total assets690,8 k €698,3 k €672,6 k €734,4 k €620,7 k €533,0 k €443,7 k €403,7 k €294,1 k €259,5 k €269,2 k €347,0 k €352,8 k €1,8 M €1,8 M €1,6 M €1,5 M €1,3 M €
Cash8,7 k €962,7 €4,3 k €479,6 €33,8 €2,3 k €2,8 k €2,2 k €5,5 k €445,2 €31,2 k €4,3 k €37,4 k €1,0 k €12,8 k €5,1 k €3,9 k €9,7 k €
Debts377,2 k €370,7 k €354,3 k €439,0 k €353,8 k €269,5 k €187,9 k €151,0 k €48,1 k €3,7 k €10,8 k €84,8 k €81,0 k €206,3 k €6,3 k €6,3 k €8,1 k €6,6 k €
Other
Workforce1,0 ETP1,0 ETP1,0 ETP1,0 ETP1,0 ETP1,0 ETP0,8 ETP0,9 ETP1,0 ETP–––––––––
Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€
See the valuation
Governance

Board of directors

Seen on filing of 30/06/2025 · 1 active · 15 ended

Active mandates

Eveline Soenen

Director · since 01 mars 2024

Active

Ended mandates

Evelien Soenen

Managing director · since 28 octobre 2022 · until 28 octobre 2028

Ended
Karolien Soenen

Director · since 28 octobre 2022 · until 26 janvier 2024

Ended
Karolien Soenen

Director · since 28 octobre 2022 · until 01 mars 2024

Ended
Evelien Soenen

Managing director · since 28 octobre 2016 · until 28 octobre 2022

Ended
At this address

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0745.610.195
SOENEN HENDRIK● Active
0430.773.436
SOENEN H. MACHINES, SERVICE AND PROTOTYPES● Active
0430.773.535
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/07/202401/07/202301/07/202201/07/202101/07/202001/07/2019
Closing of the financial year30/06/202530/06/202430/06/202330/06/202230/06/202130/06/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date07/01/202627/01/202525/01/202425/01/202313/12/202117/12/2020
General meeting31/10/202525/10/202427/10/202328/10/202229/10/202130/10/2020
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model30/06/202531/10/202507/01/2026DutchPDF
Abridged model30/06/202425/10/202427/01/2025DutchPDF
Abridged model30/06/202327/10/202325/01/2024DutchPDF
Abridged model30/06/202228/10/202225/01/2023DutchPDF
Abridged model30/06/202129/10/202113/12/2021DutchPDF
Abridged model30/06/202030/10/202017/12/2020DutchPDF
Abridged model30/06/201925/10/201919/11/2019DutchPDF
Abridged model30/06/201826/10/201828/11/2018DutchPDF
Abridged model30/06/201727/10/201728/11/2017DutchPDF
Abridged model30/06/201628/10/201630/11/2016DutchPDF
Abridged model30/06/201530/10/201530/11/2015DutchPDF
Abridged model30/06/201431/10/201427/11/2014DutchPDF
Abridged model30/06/201325/10/201319/12/2013DutchPDF
Abridged model30/06/201226/10/201203/12/2012DutchPDF
Abridged model30/06/201128/10/201121/12/2011DutchPDF
Abridged modelCorrection30/06/201029/10/201021/12/2010DutchPDF
Abridged model30/06/201029/10/201015/12/2010DutchPDF
Abridged model30/06/200930/10/200901/12/2009DutchPDF
Abridged model30/06/200831/10/200813/11/2008DutchPDF
Abridged model30/06/200705/11/200729/11/2007DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan
Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 30/06/2025 · 1 active · 15 ended

Active mandates

Eveline Soenen

Director · since 01 mars 2024

Active

Ended mandates

Evelien Soenen

Managing director · since 28 octobre 2022 · until 28 octobre 2028

Ended
Karolien Soenen

Director · since 28 octobre 2022 · until 26 janvier 2024

Ended
Karolien Soenen

Director · since 28 octobre 2022 · until 01 mars 2024

Ended
Evelien Soenen

Managing director · since 28 octobre 2016 · until 28 octobre 2022

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates18/03/2024
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - DOEL - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates27/02/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates25/11/2016
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates04/11/2011
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates04/01/2011
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates29/08/2005
    ONTSLAGEN - BENOEMINGEN
    PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

  1. 2025
    Annual accounts 2025-14,3 k €↓
  2. 2024
    Annual accounts 20249,1 k €↓
  3. 2023
    Annual accounts 202322,7 k €↓
  4. 2022
    Annual accounts 202224,6 k €↑
  5. 2020
    Annual accounts 20201,4 k €↓
  6. 2019
    Annual accounts 20195,6 k €↑
  7. 2018
    Annual accounts 2018284,1 €↓
  8. 2017
    Annual accounts 20176,8 k €↑
  9. 2016
    Annual accounts 2016-9,8 k €↓
  10. 2015
    Annual accounts 2015-2,6 k €↓
  11. 2014
    Annual accounts 2014-80,7 €↑
  12. 2013
    Annual accounts 2013-12,8 k €↑
  13. 2012
    Annual accounts 2012-699,8 k €↓
  14. 2011
    Annual accounts 2011-1,3 k €↓
  15. 2010
    Annual accounts 2010172,0 k €↑
  16. 2009
    Annual accounts 200971,7 k €↓
  17. 2008
    Annual accounts 2008143,8 k €↑
  18. 2007
    Annual accounts 20074,9 k €
  19. 30/03/1987
    IncorporationPublic limited company