ACTIVE

D&F PROJECTS

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Financial year 2025 · closed on 31/12/2025

Net result

207,5 k €

+160.3% YoY

Gross margin

339,6 k €

+252.4% YoY

Equity

1,6 M €

+2.6% YoY

What does D&F PROJECTS do?

D&F PROJECTS is a Private limited company incorporated in 2014. Its main activity is: Buying and selling of own real estate. Its registered office is in Knokke-Heist.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0507.735.117

Incorporation

24/12/2014

Legal form

Private limited company

Registered office

Natiënlaan 118 box 1
8300 Knokke-Heist · FlandreSee on map

Contributed capital

500 000,00 €

Latest accounts

31/12/2025

Activities (NACE)

68100Buying and selling of own real estate· main 68110Buying and selling of own real estate

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 9 financial years

	2025		2024		2023		2022		2021		2018		2017		2016		2015
Income statement
Gross margin	339,6 k €	+252%	-222,9 k €	-120%	1,1 M €	+1331%	77,7 k €	-87.0%	598,5 k €	-3.8%	622,4 k €	-11.2%	701,1 k €	+8292%	-8,6 k €	-103%	252,9 k €
EBITDA	337 k €	+250%	-225,2 k €	-120%	1,1 M €	+1376%	75 k €	-87.4%	596,8 k €	-3.9%	621,3 k €	-11.3%	700,2 k €	+6727%	-10,6 k €	-104%	252,1 k €
Operating result	337 k €	+250%	-225,2 k €	-120%	1,1 M €	+1376%	75 k €	-87.4%	596,3 k €	-3.9%	620,4 k €	-10.0%	689,2 k €	+3372%	-21,1 k €	-109%	241,6 k €
Net result	207,5 k €	+160%	-344 k €	-139%	873 k €	+1003%	-96,7 k €	-123%	426,3 k €	+15.1%	370,4 k €	-13.5%	428,4 k €	+424%	-132,3 k €	-199%	133,9 k €
Balance sheet
Equity	1,6 M €	+2.6%	1,5 M €	-18.4%	1,9 M €	+87.8%	994,1 k €	-59.1%	2,4 M €	+86.9%	1,3 M €	+39.8%	930 k €	+85.4%	501,6 k €	-20.9%	633,9 k €
Total assets	1,6 M €	-51.5%	3,2 M €	-10.3%	3,6 M €	-62.2%	9,5 M €	+0.5%	9,5 M €	+75.4%	5,4 M €	-4.5%	5,7 M €	-10.3%	6,3 M €	+165%	2,4 M €
Cash	1,6 M €	+3847%	39,5 k €	-68.2%	124,2 k €	-83.5%	750,7 k €	+127%	331,3 k €	-64.5%	932,2 k €	+189%	323 k €	+22.5%	263,7 k €	-62.3%	699,5 k €
Debts	10 k €	-99.4%	1,6 M €	-3.8%	1,7 M €	-80.5%	8,5 M €	+20.1%	7,1 M €	+71.7%	4,1 M €	-12.4%	4,7 M €	-18.4%	5,8 M €	+233%	1,7 M €

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 9 ended

Active mandates

DENO

Director · 0471.820.371

Represented by Shirley NOPPE

Active

FLAMAND INVEST

Director · 0889.035.484

Represented by Pascale Hillewaere

Active

Ended mandates

DENO

Director · since 19 décembre 2014 · 0471.820.371

Represented by Noppe Shirley

Ended

DENO

Manager · since 19 décembre 2014 · 0471.820.371

Represented by Shirley Noppe

Ended

FLAMAND INVEST

Director · since 19 décembre 2014 · 0889.035.484

Represented by Pascale HILLEWAERE

Ended

FLAMAND INVEST

Director · since 19 avril 2014 · 0889.035.484

Represented by Hillewaere Pascale

Ended

At this address

Other companies at this address

Company	CBE no.
FLAMAND-CLAEYS● Active	0561.804.994
MACLAN● Active	0826.560.952
Maclan BIS● Active	0720.649.721
MM.ACC● Active	0719.323.888
Notaris Thomas Dusselier● Active	0865.609.192
WASSING BOUW INVEST● Active	0664.759.707
WASSING STONE INVEST● Active	0675.614.007

Annual accounts

Full financial information

	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	28/04/2026	23/07/2025	28/05/2024	24/05/2023	07/06/2022	28/06/2021
General meeting	31/03/2026	27/06/2025	14/05/2024	22/05/2023	01/06/2022	04/06/2021
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

11 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	31/03/2026	28/04/2026	Dutch	PDF
Abridged model	31/12/2024	27/06/2025	23/07/2025	Dutch	PDF
Abridged model	31/12/2023	14/05/2024	28/05/2024	Dutch	PDF
Abridged model	31/12/2022	22/05/2023	24/05/2023	Dutch	PDF
Abridged model	31/12/2021	01/06/2022	07/06/2022	Dutch	PDF
Abridged model	31/12/2020	04/06/2021	28/06/2021	Dutch	PDF
Abridged model	31/12/2019	26/06/2020	16/07/2020	Dutch	PDF
Abridged model	31/12/2018	12/06/2019	20/06/2019	Dutch	PDF
Abridged model	31/12/2017	29/06/2018	26/07/2018	Dutch	PDF
Abridged model	31/12/2016	30/06/2017	03/07/2017	Dutch	PDF
Abridged model	31/12/2015	24/06/2016	28/07/2016	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 5 M€

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 · 9 ended

Active mandates

DENO

Director · 0471.820.371

Represented by Shirley NOPPE

Active

FLAMAND INVEST

Director · 0889.035.484

Represented by Pascale Hillewaere

Active

Ended mandates

DENO

Director · since 19 décembre 2014 · 0471.820.371

Represented by Noppe Shirley

Ended

DENO

Manager · since 19 décembre 2014 · 0471.820.371

Represented by Shirley Noppe

Ended

FLAMAND INVEST

Director · since 19 décembre 2014 · 0889.035.484

Represented by Pascale HILLEWAERE

Ended

FLAMAND INVEST

Director · since 19 avril 2014 · 0889.035.484

Represented by Hillewaere Pascale

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates30/03/2022
WIJZIGING RECHTSVORM - BENAMING - ONTSLAGEN - BENOEMINGEN
PDF
Mandates27/07/2017
ONTSLAGEN - BENOEMINGEN
PDF
Other30/12/2014
RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
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 2025207,5 k €↑
2024
Annual accounts 2024-344 k €↓
2023
Annual accounts 2023873 k €↑
2022
Annual accounts 2022-96,7 k €↓
2021
Annual accounts 2021426,3 k €↑
2018
Annual accounts 2018370,4 k €↓
2017
Annual accounts 2017428,4 k €↑
2016
Annual accounts 2016-132,3 k €↓
2015
Annual accounts 2015133,9 k €
24/12/2014
IncorporationPrivate 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

D&F PROJECTS

Overview

What does D&F PROJECTS do?

Trend over 9 financial years

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