ACTIVE

OSTEND DEVELOPMENT COMPANY

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Financial year 2025 · closed on 31/12/2025
Net result
979 k €
+119.3% YoY
Gross margin
1,3 M €
+100.4% YoY
Equity
1,2 M €
+147.6% YoY

What does OSTEND DEVELOPMENT COMPANY do?

OSTEND DEVELOPMENT COMPANY is a Public limited company incorporated in 2017. Its main activity is: Development of building projects. Its registered office is in Brugge.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0677.842.235
Incorporation
03/07/2017
Legal form
Public limited company
Registered office
Monnikenwerve 17-19
8000 Brugge · FlandreSee on map
Contributed capital
61 500,00 €
Latest accounts
31/12/2025
Activities (NACE)
41101Development of building projects· main68121Buying and selling of own real estate41102Development of building projects68100Buying and selling of own real estate68110Buying and selling of own real estate68122Buying and selling of own real estate+4
Signals
ProfitableLow riskGood liquidityPositive cashflowPositive EBITDA
View the BCE/KBO Public Search record →
Health score
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Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 6 financial years

202520242023202220212018
Income statement
Gross margin1,3 M €641,7 k €156,8 k €86,7 k €-2,5 k €57 k €
EBITDA1,3 M €639,4 k €155,7 k €85,1 k €-3,5 k €56,2 k €
Operating result1,3 M €626 k €155,7 k €85,1 k €-3,5 k €56,2 k €
Net result979 k €446,5 k €74,5 k €50,3 k €-18,6 k €36,6 k €
Balance sheet
Equity1,2 M €500,6 k €174,1 k €117,7 k €67,3 k €98,1 k €
Total assets11,7 M €13,2 M €13,3 M €9,1 M €3,5 M €689,9 k €
Cash39,9 k €188,8 k €155,2 k €171,3 k €5,2 k €6 k €
Debts10,4 M €12,7 M €13,1 M €8,9 M €3,4 M €589,2 k €
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 · 4 active · 31 ended

Active mandates

GRONDMAATSCHAPPIJ VAN BELGIE

Director · since 01 avril 2023 · until 31 mars 2029 · 0429.600.330

Represented by Aline VERBEKE

Active
Alysee Projectontwikkeling

Director · since 26 décembre 2022 · until 25 décembre 2028 · 0831.759.855

Represented by Raf VAN DEN ABBEELE

Active
COASTAL SALES COMPANY

Managing director · since 26 décembre 2022 · until 25 décembre 2028 · 0472.483.040

Represented by Joachim DEBUCQUOY

Active
Las Brisas

Director · since 26 décembre 2022 · until 25 décembre 2028 · 0867.464.664

Represented by Thomas PERSYN

Active

Ended mandates

Frederik Françoys

Director · since 26 décembre 2022 · until 25 décembre 2028

Ended
GRONDMAATSCHAPPIJ VAN BELGIE

Director · since 26 décembre 2022 · until 25 décembre 2028 · 0429.600.330

Represented by Aline VERBEKE

Ended
Ilias Bourich

Director · since 26 décembre 2022 · until 25 décembre 2028

Ended
Laurens Velghe

Director · since 26 décembre 2022 · until 25 décembre 2028

Ended
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Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date14/05/202626/06/202503/07/202404/07/202313/07/202214/07/2021
General meeting13/05/202624/06/202526/06/202428/06/202312/07/202208/07/2021
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

8 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202513/05/202614/05/2026DutchPDF
Abridged model31/12/202424/06/202526/06/2025DutchPDF
Abridged model31/12/202326/06/202403/07/2024DutchPDF
Abridged model31/12/202228/06/202304/07/2023DutchPDF
Abridged model31/12/202112/07/202213/07/2022DutchPDF
Abridged model31/12/202008/07/202114/07/2021DutchPDF
Abridged model31/12/201917/08/202016/09/2020DutchPDF
Abridged model30/09/201818/01/201908/03/2019DutchPDF
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 · 4 active · 31 ended

Active mandates

GRONDMAATSCHAPPIJ VAN BELGIE

Director · since 01 avril 2023 · until 31 mars 2029 · 0429.600.330

Represented by Aline VERBEKE

Active
Alysee Projectontwikkeling

Director · since 26 décembre 2022 · until 25 décembre 2028 · 0831.759.855

Represented by Raf VAN DEN ABBEELE

Active
COASTAL SALES COMPANY

Managing director · since 26 décembre 2022 · until 25 décembre 2028 · 0472.483.040

Represented by Joachim DEBUCQUOY

Active
Las Brisas

Director · since 26 décembre 2022 · until 25 décembre 2028 · 0867.464.664

Represented by Thomas PERSYN

Active

Ended mandates

Frederik Françoys

Director · since 26 décembre 2022 · until 25 décembre 2028

Ended
GRONDMAATSCHAPPIJ VAN BELGIE

Director · since 26 décembre 2022 · until 25 décembre 2028 · 0429.600.330

Represented by Aline VERBEKE

Ended
Ilias Bourich

Director · since 26 décembre 2022 · until 25 décembre 2028

Ended
Laurens Velghe

Director · since 26 décembre 2022 · until 25 décembre 2028

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates03/06/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates07/05/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates27/10/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates01/08/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates02/01/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates26/01/2021
    MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates19/06/2020
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates02/10/2019
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - ONTSLAGEN - BENOEMINGEN - BOEKJAAR
    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 2025979 k €↑
  2. 2024
    Annual accounts 2024446,5 k €↑
  3. 2023
    Annual accounts 202374,5 k €↑
  4. 2022
    Annual accounts 202250,3 k €↑
  5. 2021
    Annual accounts 2021-18,6 k €↓
  6. 2018
    Annual accounts 201836,6 k €
  7. 03/07/2017
    IncorporationPublic limited company