ACTIVE

BUSINESS DEVELOPMENT COMPANY

Financial year 2026 · Closed on 31/03/2026

Net result7,3 k €-8,7 %over 1 year

Gross margin34,2 k €+7,6 %over 1 year

Equity258 k €+2,9 %over 1 year

Identity

Source · BCE/KBO

BUSINESS DEVELOPMENT COMPANY is a Public limited company incorporated in 1999. Its main activity is: Management consultancy activities. Its registered office is in Waterloo.

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0468.054.692
Incorporation: 09/12/1999
Legal form: Public limited company
Registered office: Chaussée de Bruxelles 165 box 79
1410 Waterloo · WallonieSee on map
Contributed capital: 86 700,00 €
Latest accounts: 31/03/2026

Activities (NACE)

70200Management consultancy activities· main 70220Business and other management consultancy activities 74142Specialised design activities

Signals

ProfitableSolid equityPositive cashflowPositive EBITDA

Financials

Source · NBB, 21 filings

Trend over 20 financial years

	2026		2025		2024		2023		2022
Income statement
Gross margin	34,2 k €	+7.6%	31,8 k €	+51.6%	21 k €	+10.8%	18,9 k €	-24.3%	25 k €
EBITDA	29,9 k €	+8.3%	27,6 k €	+90.6%	14,5 k €	-2.1%	14,8 k €	-27.6%	20,5 k €
Operating result	12,1 k €	+23.3%	9,8 k €	+394%	-3,3 k €	+10.0%	-3,7 k €	-177%	-1,3 k €
Net result	7,3 k €	-8.7%	7,9 k €	+260%	-5 k €	+16.0%	-5,9 k €	-59.4%	-3,7 k €
Balance sheet
Equity	258 k €	+2.9%	250,7 k €	+3.3%	242,7 k €	-2.0%	247,7 k €	-2.3%	253,6 k €
Total assets	707,3 k €	-1.7%	719,4 k €	-1.9%	733,4 k €	-3.8%	762,2 k €	-0.7%	767,8 k €
Cash	3,6 k €	-44.0%	6,4 k €	+140%	2,7 k €	+4.1%	2,6 k €	+99.9%	1,3 k €
Debts	448,9 k €	-4.2%	468,7 k €	-4.5%	490,7 k €	-4.6%	514,4 k €	+0.1%	514,2 k €

Valuation

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€

See the valuation

Board of directors

Source · NBB, accounts to 31/03/2026

1 active · 5 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Guibert de Spirlet	Managing directorsince 01/09/2005

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Christiaan Van Houtven	Director22/10/2013 → 2024 accounts
Christian Van Houtven	Director22/10/2013 → 2016 accounts

Other companies at this address

Chaussée de Bruxelles 165 1410 Waterloo

Company	CBE no.
A+B● Active	0819.457.978
ANNATH● Active	0427.133.065
Association des Copropriétaires de la "Résidence Passage Wellington - Phase 3 - Ter", sise à Waterloo, chaussée de Bruxelles, 165● Active	0840.546.669
Association des copropriétaires du Passage Wellington chaussée de Bruxelles n°165 à Waterloo● Active	0814.794.753
Association des copropriétaires du Passage Wellington - Phase 2 et 2 bis à Waterloo● Active	0889.396.265
Association des Copropriétaires du Passage Wellington - Phase 4● Active	0809.474.601
Association des Copropriétaires du Passage Wellington-Phase 6, à Waterloo, Chaussée de Bruxelles 165● Active	0865.207.138
Association des copropriétaires du "Passage Wellington - Phase Cinq"● Active	0819.568.836
BEDECOR● Active	0440.884.992
BEONIT● Active	0458.716.760
Betulla● Active	0719.336.162
CASEA● Active	0474.695.927
Centre Dentaire Lepoutre● Active	0437.941.142
Ceresinvest● Active	0719.470.081
CINES WELLINGTON● Active	0419.471.451
COULEUR DU TEMPS● Active	0428.429.402
CRUXCIS● Active	0785.900.829
DRUGSTORE WELLINGTON● Active	0443.726.401
Exploitants du Passage Wellington● Active	0421.287.133
FIDUTEAM● Active	0699.570.037

Full financial information

Source · NBB

	2026	2025	2024	2023	2022	2021
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Micro model
Start of the financial year	01/04/2025	01/04/2024	01/04/2023	01/04/2022	01/04/2021	01/04/2020
Closing of the financial year	31/03/2026	31/03/2025	31/03/2024	31/03/2023	31/03/2022	31/03/2021
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	30/10/2026	05/11/2025	28/10/2024	31/10/2023	31/10/2022	29/10/2021
General meeting	17/09/2026	29/08/2025	30/08/2024	25/08/2023	26/08/2022	27/08/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 21 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/03/2026	17/09/2026	30/10/2026	French	PDF
Abridged model	31/03/2025	29/08/2025	05/11/2025	French	PDF
Abridged model	31/03/2024	30/08/2024	28/10/2024	French	PDF
Abridged model	31/03/2023	25/08/2023	31/10/2023	French	PDF
Abridged model	31/03/2022	26/08/2022	31/10/2022	French	PDF
Micro model	31/03/2021	27/08/2021	29/10/2021	French	PDF
Micro model	31/03/2020	12/10/2020	10/11/2020	French	PDF
Micro model	31/03/2019	30/08/2019	14/10/2019	French	PDF
Micro model	31/03/2018	31/08/2018	30/11/2018	French	PDF
Micro model	31/03/2017	18/05/2018	13/06/2018	French	PDF
Abridged model	31/03/2016	26/08/2016	06/01/2017	French	PDF
Abridged model	31/03/2015	28/08/2015	29/09/2015	French	PDF
Abridged model	31/03/2014	29/08/2014	27/01/2015	French	PDF
Abridged model	31/03/2013	30/08/2013	18/11/2013	French	PDF
Abridged model	31/03/2012	31/08/2012	28/11/2012	French	PDF
Abridged model	31/03/2011	26/08/2011	19/12/2011	French	PDF
Abridged model	31/03/2010	27/08/2010	11/10/2010	French	PDF
Abridged model	31/03/2009	28/08/2009	15/10/2009	French	PDF
Abridged model	31/03/2008	31/08/2008	18/11/2008	French	PDF
Abridged model	31/03/2007	31/08/2007	25/10/2007	French	PDF
Abridged model	31/03/2004	17/09/2004	27/04/2007	French	PDF

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.

Board of directors

Source · NBB, accounts to 31/03/2026

1 active · 5 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Guibert de Spirlet	Managing directorsince 01/09/2005

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Christiaan Van Houtven	Director22/10/2013 → 2024 accounts
Christian Van Houtven	Director22/10/2013 → 2016 accounts

Ownership and network

Looking for more information about this company?

Try for free

Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates12/01/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - DEMISSIONS, NOMINATIONS
PDF
Registered office18/05/2022
SIEGE SOCIAL
PDF
Mandates06/12/2021
DEMISSIONS, NOMINATIONS
PDF
Mandates27/02/2018
DEMISSIONS, NOMINATIONS
PDF
Mandates21/02/2018
DEMISSIONS, NOMINATIONS
PDF
Mandates04/03/2014
DEMISSIONS, NOMINATIONS
PDF
Mandates26/08/2010
DEMISSIONS, NOMINATIONS
PDF

Similar companies

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

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings20 filings

Mandates

Guibert de Spirlet

Christiaan Van Houtven

Diego De Villegas de Clercamps

Christian Van Houtven

Diego Villegas de Clercamps

Bernard Clément de Cléty

1999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026

BUSINESS DEVELOPMENT COMPANY

Chaussée de Bruxelles 165 bte 79, 1410 Waterloo

Managing director

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Chaussée de Bruxelles 165 bte 79, 1410 WaterlooCurrent	accounts 2022 → 2026	Accounts 2026 · 2026-00597080

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
BUSINESS DEVELOPMENT COMPANYCurrent	accounts 2022 → 2026	Accounts 2026 · 2026-00597080

Events

2026
Annual accounts 20267,3 k €↓
2025
Annual accounts 20257,9 k €↑
2024
Annual accounts 2024-5 k €↑
2023
Annual accounts 2023-5,9 k €↓
2022
Annual accounts 2022-3,7 k €↑
2021
Annual accounts 2021-7,1 k €↓
2020
Annual accounts 20203,2 k €↓
2019
Annual accounts 2019242,5 k €↑
2018
Annual accounts 2018-10,4 k €↓
2017
Annual accounts 2017289,8 k €↑
2016
Annual accounts 2016-10,8 k €↑
2015
Annual accounts 2015-16,5 k €↓
2014
Annual accounts 2014-12,6 k €↓
2013
Annual accounts 2013-1,4 k €↑
2012
Annual accounts 2012-7,8 k €↓
2011
Annual accounts 2011-627,9 €↑
2010
Annual accounts 2010-1,7 k €↓
2009
Annual accounts 2009683 €↑
2008
Annual accounts 2008-10 k €↓
2007
Annual accounts 200720,1 k €
09/12/1999
IncorporationPublic limited company

BUSINESS DEVELOPMENT COMPANY

Overview

Identity

Financials

Valuation

Indicative valuation

Board of directors

Other companies at this address

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

Timeline

Registered offices

Company names

Events