ACTIVE

Montreal Development

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Financial year 2025 · Closed on 31/12/2025

Net result7,7 k €+90,8 %over 1 year

Gross margin256 k €-13,6 %over 1 year

Equity220,2 k €-49,5 %over 1 year

Workforce1,5 ETP0,0 %over 1 year

Identity

Source · BCE/KBO

Montreal Development is a Public limited company incorporated in 2013. Its main activity is: Development of building projects. Its registered office is in Antwerpen. It employs on average 1,5 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0503.871.151
Incorporation: 05/02/2013
Legal form: Public limited company
Registered office: Noorderplaats 9 box 3
2000 Antwerpen · FlandreSee on map
Contributed capital: 62 000,00 €
Latest accounts: 31/12/2025
Average workforce: 1,5 ETP

Activities (NACE)

41101Development of building projects· main 68121Buying and selling of own real estate 82990Other business support service activities n.e.c.82990Other business support service activities n.e.c.

Joint committees (1)

20000

Signals

ProfitableGood liquidityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 13 filings

Trend over 12 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	256 k €	-13.6%	296,3 k €	+4.1%	284,7 k €	+5.8%	269 k €	+73.3%	155,3 k €
EBITDA	112 k €	-33.6%	168,7 k €	+22.4%	137,9 k €	-5.5%	145,9 k €	+71.4%	85,2 k €
Operating result	104,8 k €	-36.8%	165,7 k €	+22.2%	135,5 k €	-4.5%	141,9 k €	+77.0%	80,2 k €
Net result	7,7 k €	+90.8%	4 k €	-81.3%	21,6 k €	-55.8%	48,9 k €	+195%	16,5 k €
Balance sheet
Equity	220,2 k €	-49.5%	435,8 k €	-53.7%	941,8 k €	+2.3%	920,2 k €	+5.6%	871,3 k €
Total assets	5,7 M €	-23.0%	7,4 M €	+16.3%	6,4 M €	-52.5%	13,4 M €	+66.1%	8 M €
Cash	472,6 k €	-58.3%	1,1 M €	+6.3%	1,1 M €	+5.9%	1 M €	-40.2%	1,7 M €
Debts	5,5 M €	-15.4%	6,5 M €	+19.4%	5,4 M €	-56.3%	12,4 M €	+74.0%	7,1 M €
Other
Workforce	1,5 ETP	0.0%	1,5 ETP	-11.8%	1,7 ETP	0.0%	1,7 ETP	+112%	0,8 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 3 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Mistral Management0644.684.269Represented by Michel Vanderstraeten	Managing director09/06/2017 → 07/06/2030Director09/06/2017 → 2022 accountsended
OSLO0898.062.622Represented by Bart Langens	Managing director06/02/2013 → 07/06/2030Director09/06/2017 → 2023 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Bart Langens	Managing director05/06/2015 → 2018 accounts
Michel Vanderstraeten	Managing director05/06/2015 → 2018 accounts
VDS GROUP0859.775.039Represented by Michel Vanderstraeten	Managing director06/02/2013 → 2015 accounts

Other companies at this address

Noorderplaats 9 2000 Antwerpen

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ALLROUND FORWARDING & LOGISTICS● Active	0455.142.905
ANTWERPEN_QUELLIN_STU● Active	0805.372.390
ASSE HOPMARKT● Active	0823.467.246
HMM (Belgium) Shipping● Active	0473.580.625
HOYA LENS BELGIUM● Active	0436.666.284
In4Leads BV● Active	0782.711.410
Intrameo BV● Active	0782.711.212
LIER_ANTWERPSESTWG_HR● Active	0794.883.920
Lip Investments● Active	1000.398.216
MECHELEN_RODEKRUIS_HR● Active	0805.370.016
Montreal Properties● Active	0875.562.679

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged 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	30/07/2026	31/07/2025	31/07/2024	31/07/2023	31/08/2022	31/08/2021
General meeting	30/06/2026	30/06/2025	30/06/2024	02/06/2023	30/06/2022	30/06/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 13 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	30/06/2026	30/07/2026	Dutch	PDF
Abridged model	31/12/2024	30/06/2025	31/07/2025	Dutch	PDF
Abridged model	31/12/2023	30/06/2024	31/07/2024	Dutch	PDF
Abridged model	31/12/2022	02/06/2023	31/07/2023	Dutch	PDF
Abridged model	31/12/2021	30/06/2022	31/08/2022	Dutch	PDF
Abridged model	31/12/2020	30/06/2021	31/08/2021	Dutch	PDF
Abridged model	31/12/2019	14/08/2020	25/08/2020	Dutch	PDF
Abridged model	31/12/2018	28/06/2019	19/07/2019	Dutch	PDF
Abridged model	31/12/2017	01/06/2018	27/07/2018	Dutch	PDF
Abridged model	31/12/2016	02/06/2017	10/07/2017	Dutch	PDF
Abridged model	31/12/2015	03/06/2016	15/06/2016	Dutch	PDF
Abridged model	31/12/2014	05/06/2015	07/07/2015	Dutch	PDF
Abridged model	31/12/2013	06/06/2014	17/07/2014	Dutch	PDF

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.

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 3 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Mistral Management0644.684.269Represented by Michel Vanderstraeten	Managing director09/06/2017 → 07/06/2030Director09/06/2017 → 2022 accountsended
OSLO0898.062.622Represented by Bart Langens	Managing director06/02/2013 → 07/06/2030Director09/06/2017 → 2023 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Bart Langens	Managing director05/06/2015 → 2018 accounts
Michel Vanderstraeten	Managing director05/06/2015 → 2018 accounts
VDS GROUP0859.775.039Represented by Michel Vanderstraeten	Managing director06/02/2013 → 2015 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Registered office11/09/2026
ZETEL
PDF
Mandates24/10/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates20/05/2020
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - BENAMING - ONTSLAGEN - BENOEMINGEN
PDF
Mandates20/05/2020
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - BENAMING - ONTSLAGEN - BENOEMINGEN
PDF
Mandates20/12/2017
ONTSLAGEN - BENOEMINGEN
PDF
Registered office18/01/2017
MAATSCHAPPELIJKE ZETEL
PDF
Registered office28/12/2016
MAATSCHAPPELIJKE ZETEL
PDF
Mandates09/12/2015
ONTSLAGEN - BENOEMINGEN
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

Filings12 filings

Mandates

Mistral Management

OSLO

Bart Langens

Michel Vanderstraeten

VDS GROUP

201320142015201620172018201920202021202220232024202520262027202820292030

Montreal Development

Wijnegemsteenweg 49/1, 2970 Schilde

Managing directorDirector

Managing director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Noorderplaats 9 bte 3, 2000 AntwerpCurrent		CBE
Wijnegemsteenweg 49 bte 1, 2970 Schilde	accounts 2025	Accounts 2025 · 2026-00357532
Wijnegemsteenweg 49/1, 2970 Schilde	accounts 2021 → 2024	Accounts 2024 · 2025-00346504

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
Montreal DevelopmentCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00357532

Events

2025
Annual accounts 20257,7 k €↑
2024
Annual accounts 20244 k €↓
2023
Annual accounts 202321,6 k €↓
2022
Annual accounts 202248,9 k €↑
2021
Annual accounts 202116,5 k €↓
2019
Annual accounts 201966,2 k €↑
2018
Annual accounts 201834,3 k €↓
2017
Annual accounts 2017298,9 k €↓
2016
Annual accounts 2016536,6 k €↑
2015
Annual accounts 201512,7 k €↑
2014
Annual accounts 2014-225,4 k €↓
2013
Annual accounts 20132,8 k €
05/02/2013
IncorporationPublic limited company

Montreal Development

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