ACTIVE

OFFICE DEVELOPMENT

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Financial year 2025 · closed on 31/12/2025

Net result

90 k €

+103.7% YoY

Gross margin

114,2 k €

+6.9% YoY

Equity

-120,4 k €

+42.8% YoY

What does OFFICE DEVELOPMENT do?

OFFICE DEVELOPMENT is a Public limited company incorporated in 1989. Its registered office is in Watermael-Boitsfort.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0437.083.879

Incorporation

20/03/1989

Legal form

Public limited company

Registered office

Rue des Bégonias 10-16
1170 Watermael-Boitsfort · BruxellesSee on map

Contributed capital

375 000,00 €

Latest accounts

31/12/2025

Signals

ProfitableGood liquidityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	114,2 k €	+6.9%	106,8 k €	+2.0%	104,7 k €	+18.1%	88,7 k €		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–
EBITDA	101 k €	+7.5%	94 k €	+1.8%	92,4 k €	+18.8%	77,8 k €	-2.8%	80 k €	-1.9%	81,6 k €	+1.5%	80,4 k €	-1.2%	81,3 k €	+1.6%	80,1 k €	+744%	-12,4 k €	-126%	47,9 k €	-37.6%	76,8 k €	-12.7%	87,9 k €	+31.0%	67,1 k €	+0.1%	67,1 k €	+27.2%	52,7 k €	-69.9%	175 k €	-6.1%	186,3 k €	+115%	86,7 k €
Operating result	101 k €	+82.2%	55,5 k €	+3.0%	53,8 k €	+37.3%	39,2 k €	-5.5%	41,5 k €	-3.5%	43 k €	+2.8%	41,8 k €	-2.2%	42,8 k €	+3.0%	41,5 k €	+181%	-51 k €	-66.0%	-30,7 k €	-180%	38,2 k €	-22.6%	49,4 k €	+72.9%	28,6 k €	+0.2%	28,5 k €	+117%	13,1 k €	-90.3%	135,4 k €	-7.7%	146,7 k €	+212%	47,1 k €
Net result	90 k €	+104%	44,2 k €	+3.7%	42,6 k €	+59.6%	26,7 k €	-8.0%	29 k €	+10.4%	26,3 k €	+11.0%	23,7 k €	+9.3%	21,7 k €	+18.2%	18,3 k €	+125%	-73,2 k €	-22.9%	-59,5 k €	-595%	12 k €	-33.3%	18 k €	+529%	2,9 k €	+91.6%	1,5 k €	-95.7%	34,7 k €	-88.2%	293,6 k €	+165%	110,7 k €	+1262%	8,1 k €
Balance sheet
Equity	-120,4 k €	+42.8%	-210,4 k €	+17.3%	-254,6 k €	+14.3%	-297,2 k €	+8.2%	-323,8 k €	+8.2%	-352,8 k €	+6.9%	-379,1 k €	+5.9%	-402,8 k €	+5.1%	-424,5 k €	+4.1%	-442,8 k €	-19.8%	-369,6 k €	-119%	2 M €	+0.6%	1,9 M €	+0.9%	1,9 M €	+0.1%	1,9 M €	+0.1%	1,9 M €	-0.0%	1,9 M €	-3.5%	2 M €	+0.5%	2 M €
Total assets	140,4 k €	+57.7%	89,1 k €	-38.6%	145,1 k €	-44.0%	259 k €	+17.9%	219,7 k €	-11.8%	249,1 k €	-9.5%	275,3 k €	-15.5%	325,9 k €	-6.8%	349,6 k €	-11.9%	397,1 k €	-19.1%	491 k €	-81.4%	2,6 M €	-0.1%	2,6 M €	-0.7%	2,7 M €	-3.7%	2,8 M €	+0.7%	2,7 M €	-1.5%	2,8 M €	-3.7%	2,9 M €	+1.4%	2,9 M €
Cash	65,8 k €	+355%	14,5 k €	-54.3%	31,7 k €	-69.9%	105,2 k €	+289%	27 k €	+64.3%	16,5 k €	+341%	3,7 k €	+13.5%	3,3 k €	+29.8%	2,5 k €	-76.8%	10,9 k €	-48.4%	21,2 k €	+391%	4,3 k €	-47.1%	8,1 k €	-14.3%	9,5 k €	-72.6%	34,6 k €	+1014%	3,1 k €	+229%	943,7 €	-98.7%	70,9 k €	+735%	8,5 k €
Debts	250 k €	-13.4%	288,6 k €	-25.8%	388,9 k €	-17.2%	469,4 k €	+0.4%	467,6 k €	-12.9%	536,8 k €	-10.6%	600,1 k €	-12.4%	685,2 k €	-7.6%	741,5 k €	-9.4%	818,2 k €	-3.6%	849 k €	+24.6%	681,2 k €	-2.0%	694,9 k €	-5.3%	733,4 k €	-12.6%	839 k €	+2.2%	820,7 k €	-4.8%	862,3 k €	-4.1%	899,6 k €	+3.4%	869,9 k €
Other
Workforce	–		–		0,0 ETP		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 28 ended

Active mandates

HESCOM

Director · since 29 avril 2022 · until 25 juin 2027 · 0821.437.273

Represented by Hendrik ESSERS

Active

LECON

Managing director · since 29 avril 2022 · until 25 juin 2027 · 0821.426.484

Represented by Lode ESSERS

Active

Ended mandates

HESCOM

Managing director · since 29 avril 2022 · until 25 juin 2027 · 0821.437.273

Represented by Hendrik ESSERS

Ended

LECON

Managing director · since 29 avril 2022 · until 29 avril 2027 · 0821.426.484

Represented by Essers LODE

Ended

HESCOM

Managing director · since 20 mai 2021 · until 29 mai 2026 · 0821.437.273

Represented by Hendrik ESSERS

Ended

HESCOM

Managing director · since 20 mai 2021 · until 29 avril 2027 · 0821.437.273

Represented by HENDRIK Essers

Ended

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Abridged model	Abridged model	Full model	Full model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	03/07/2026	04/07/2025	12/07/2024	19/07/2023	19/07/2022	23/07/2021
General meeting	26/06/2026	27/06/2025	28/06/2024	23/06/2023	24/06/2022	25/06/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	26/06/2026	03/07/2026	French	PDF
Micro model	31/12/2024	27/06/2025	04/07/2025	French	PDF
Abridged model	31/12/2023	28/06/2024	12/07/2024	French	PDF
Abridged model	31/12/2022	23/06/2023	19/07/2023	French	PDF
Full model	31/12/2021	24/06/2022	19/07/2022	French	PDF
Full model	31/12/2020	25/06/2021	23/07/2021	French	PDF
Full model	31/12/2019	26/06/2020	23/07/2020	French	PDF
Full model	31/12/2018	28/06/2019	17/07/2019	French	PDF
Full model	31/12/2017	28/06/2018	17/07/2018	French	PDF
Full model	31/12/2016	30/06/2017	14/07/2017	French	PDF
Full model	31/12/2015	25/08/2016	29/08/2016	French	PDF
Full model	31/12/2014	10/03/2016	15/03/2016	French	PDF
Full model	31/12/2013	15/06/2014	11/07/2014	French	PDF
Full model	31/12/2012	28/06/2013	08/07/2013	French	PDF
Full model	31/12/2011	27/06/2012	06/07/2012	French	PDF
Full model	31/12/2010	27/05/2011	20/07/2011	French	PDF
Full model	31/12/2009	28/05/2010	25/06/2010	French	PDF
Full model	31/12/2008	29/05/2009	26/06/2009	French	PDF
Full model	31/12/2007	30/05/2008	16/06/2008	French	PDF
Full model	31/12/2006	25/05/2007	18/06/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 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 31/12/2025 · 2 active · 28 ended

Active mandates

HESCOM

Director · since 29 avril 2022 · until 25 juin 2027 · 0821.437.273

Represented by Hendrik ESSERS

Active

LECON

Managing director · since 29 avril 2022 · until 25 juin 2027 · 0821.426.484

Represented by Lode ESSERS

Active

Ended mandates

HESCOM

Managing director · since 29 avril 2022 · until 25 juin 2027 · 0821.437.273

Represented by Hendrik ESSERS

Ended

LECON

Managing director · since 29 avril 2022 · until 29 avril 2027 · 0821.426.484

Represented by Essers LODE

Ended

HESCOM

Managing director · since 20 mai 2021 · until 29 mai 2026 · 0821.437.273

Represented by Hendrik ESSERS

Ended

HESCOM

Managing director · since 20 mai 2021 · until 29 avril 2027 · 0821.437.273

Represented by HENDRIK Essers

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates05/09/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates13/07/2021
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DEMISSIONS, NOMINATIONS
PDF
Mandates25/09/2020
DEMISSIONS, NOMINATIONS
PDF
Registered office05/04/2016
SIEGE SOCIAL
PDF
Mandates21/03/2016
DEMISSIONS, NOMINATIONS
PDF
Mandates26/08/2015
DEMISSIONS, NOMINATIONS
PDF
Mandates18/11/2011
DEMISSIONS, NOMINATIONS
PDF
Mandates21/01/2010
DEMISSIONS, NOMINATIONS
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

2025
Annual accounts 202590 k €↑
2024
Annual accounts 202444,2 k €↑
2023
Annual accounts 202342,6 k €↑
2022
Annual accounts 202226,7 k €↓
2021
Annual accounts 202129 k €↑
2020
Annual accounts 202026,3 k €↑
2019
Annual accounts 201923,7 k €↑
2018
Annual accounts 201821,7 k €↑
2017
Annual accounts 201718,3 k €↑
2016
Annual accounts 2016-73,2 k €↓
2015
Annual accounts 2015-59,5 k €↓
2013
Annual accounts 201312 k €↓
2012
Annual accounts 201218 k €↑
2011
Annual accounts 20112,9 k €↑
2010
Annual accounts 20101,5 k €↓
2009
Annual accounts 200934,7 k €↓
2008
Annual accounts 2008293,6 k €↑
2007
Annual accounts 2007110,7 k €↑
2006
Annual accounts 20068,1 k €
20/03/1989
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

OFFICE DEVELOPMENT

Overview

What does OFFICE DEVELOPMENT do?

Trend over 19 financial years

Indicative valuation

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline