ACTIVE

GROUND DEVELOPERS

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Financial year 2025 · closed on 31/12/2025
Net result
-414,6 k €
-239.5% YoY
Gross margin
307,8 k €
-67.6% YoY
Equity
193,7 k €
-68.2% YoY
Workforce
2,1 ETP
+61.5% YoY

What does GROUND DEVELOPERS do?

GROUND DEVELOPERS is a Private limited company incorporated in 2019. Its registered office is in Leuven. It employs on average 2,1 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0728.795.147
Incorporation
24/06/2019
Legal form
Private limited company
Registered office
Grauwmeer 1/46 box 31
3001 Leuven · FlandreSee on map
Contributed capital
100 000,00 €
Latest accounts
31/12/2025
Average workforce
2,1 ETP
Signals
Healthy social debts
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 5 financial years

20252024202320222021
Income statement
Gross margin307,8 k €949,6 k €442,6 k €277,9 k €24,3 k €
EBITDA-566,5 €733,7 k €306,1 k €111,8 k €11,8 k €
Operating result-566,5 €733,7 k €306,1 k €111,8 k €11,8 k €
Net result-414,6 k €297,2 k €147,4 k €57,8 k €5,9 k €
Balance sheet
Equity193,7 k €608,3 k €311,1 k €163,7 k €105,9 k €
Total assets6,4 M €7,3 M €7,0 M €2,7 M €1,4 M €
Cash787,2 k €225,5 k €–530,9 k €51,3 k €
Debts6,1 M €6,7 M €6,7 M €2,5 M €1,3 M €
Other
Workforce2,1 ETP1,3 ETP–––
Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 2 ended

Active mandates

The Coconut Company

Director · 0823.522.872

Represented by Pieter Vangeel

Active

Ended mandates

Pieter Vangeel

Vast vertegenwoordiger rechtspersoon

Ended
The Coconut Company

Director · 0823.522.872

Ended
At this address

Other companies at this address

CompanyCBE no.
PROJECT DEVELOPERS● Active
0728.792.078
Annual accounts

Full financial information

20252024202320222021
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/04/202401/04/202301/04/202201/04/202124/06/2019
Closing of the financial year31/12/202531/03/202431/03/202331/03/202231/03/2021
Length of the financial year21 months12 months12 months12 months22 months
Filing date29/07/202630/09/202429/09/202307/09/202214/09/2021
General meeting29/05/202602/09/202401/09/202301/09/202201/09/2021
Currency of the financial yearEUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

5 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202529/05/202629/07/2026DutchPDF
Abridged model31/03/202402/09/202430/09/2024DutchPDF
Abridged model31/03/202301/09/202329/09/2023DutchPDF
Abridged model31/03/202201/09/202207/09/2022DutchPDF
Abridged model31/03/202101/09/202114/09/2021DutchPDF
Estimate

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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 2 ended

Active mandates

The Coconut Company

Director · 0823.522.872

Represented by Pieter Vangeel

Active

Ended mandates

Pieter Vangeel

Vast vertegenwoordiger rechtspersoon

Ended
The Coconut Company

Director · 0823.522.872

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Registered office12/05/2026
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Other19/12/2024
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - ALGEMENE VERGADERING - BOEKJAAR
    PDF
  • Registered office21/11/2022
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates12/07/2021
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other26/06/2019
    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

Timeline

  1. 2025
    Annual accounts 2025-414,6 k €↓
  2. 2024
    Annual accounts 2024297,2 k €↑
  3. 2023
    Annual accounts 2023147,4 k €↑
  4. 2022
    Annual accounts 202257,8 k €↑
  5. 2021
    Annual accounts 20215,9 k €
  6. 24/06/2019
    IncorporationPrivate limited company