ACTIVE

BRUSSELS DEVELOPMENT COMPANY

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Financial year 2025 · closed on 31/12/2025
Net result
338,6 k €
-34.1% YoY
Gross margin
981 k €
Equity
569,7 k €
+92.4% YoY
Workforce
0,0 ETP
-100.0% YoY

What does BRUSSELS DEVELOPMENT COMPANY do?

BRUSSELS DEVELOPMENT COMPANY is a Public limited company incorporated in 2019. Its main activity is: Development of building projects. Its registered office is in Brugge.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0735.665.519
Incorporation
03/10/2019
Legal form
Public limited company
Registered office
Monnikenwerve 17-19
8000 Brugge · FlandreSee on map
Contributed capital
250 000,00 €
Latest accounts
31/12/2025
Average workforce
0,0 ETP
Activities (NACE)
41101Development of building projects· main68121Buying and selling of own real estate41102Development of building projects68122Buying and selling of own real estate71111Architectural activities71111Architectural activities+2
Joint committees (1)
  • 200
Signals
ProfitableGood liquidityPositive cashflowPositive EBITDAHealthy 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 margin981 k €–-132,1 k €-63,2 k €-60,5 k €
EBITDA510,7 k €711,8 k €-182,3 k €-70,2 k €-61,1 k €
Operating result494 k €573,3 k €-183,2 k €-70,7 k €-61,6 k €
Net result338,6 k €513,8 k €-268,3 k €-114,8 k €-77,5 k €
Balance sheet
Equity569,7 k €296 k €-217,8 k €50,5 k €165,3 k €
Total assets8,4 M €8,9 M €25,6 M €14,6 M €1,9 M €
Cash7,1 k €755,5 k €1,9 M €2,1 M €62 k €
Debts7,9 M €8,6 M €25,9 M €14,5 M €1,8 M €
Other
Workforce0,0 ETP0,8 ETP1,0 ETP––
Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 5 active · 8 ended

Active mandates

ABZ

Director · since 26 décembre 2022 · until 25 décembre 2028 · 0698.891.532

Represented by Artour Bezdenejnykh

Active
COASTAL SALES COMPANY

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

Represented by Joachim DEBUCQUOY

Active
European Lease and Finance Company

Director · since 26 décembre 2022 · until 25 décembre 2028 · 0883.626.943

Represented by Thomas PERSYN

Active
Las Brisas

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

Represented by Aline VERBEKE

Active
Michiel Deman

Director · since 26 décembre 2022 · until 25 décembre 2028

Active

Ended mandates

A+

Managing director · since 26 décembre 2022 · until 25 décembre 2028 · 0505.975.853

Represented by Mathieu VANCANNEYT

Ended
ABZ

Director · since 26 décembre 2022 · until 25 décembre 2028 · 0698.891.532

Represented by Artour BEZDENEJNYKH

Ended
Louis Galle

Director · since 26 décembre 2022 · until 25 décembre 2028

Ended
Nico Standaerdt

Director · since 26 décembre 2022 · until 25 décembre 2028

Ended
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Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelFull modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202103/10/2019
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 months15 months
Filing date14/05/202625/06/202501/07/202414/07/202314/07/202214/07/2021
General meeting08/05/202624/06/202527/06/202413/07/202312/07/202209/07/2021
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

6 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202508/05/202614/05/2026DutchPDF
Full model31/12/202424/06/202525/06/2025DutchPDF
Abridged model31/12/202327/06/202401/07/2024DutchPDF
Abridged model31/12/202213/07/202314/07/2023DutchPDF
Abridged model31/12/202112/07/202214/07/2022DutchPDF
Abridged model31/12/202009/07/202114/07/2021DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 · 5 active · 8 ended

Active mandates

ABZ

Director · since 26 décembre 2022 · until 25 décembre 2028 · 0698.891.532

Represented by Artour Bezdenejnykh

Active
COASTAL SALES COMPANY

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

Represented by Joachim DEBUCQUOY

Active
European Lease and Finance Company

Director · since 26 décembre 2022 · until 25 décembre 2028 · 0883.626.943

Represented by Thomas PERSYN

Active
Las Brisas

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

Represented by Aline VERBEKE

Active
Michiel Deman

Director · since 26 décembre 2022 · until 25 décembre 2028

Active

Ended mandates

A+

Managing director · since 26 décembre 2022 · until 25 décembre 2028 · 0505.975.853

Represented by Mathieu VANCANNEYT

Ended
ABZ

Director · since 26 décembre 2022 · until 25 décembre 2028 · 0698.891.532

Represented by Artour BEZDENEJNYKH

Ended
Louis Galle

Director · since 26 décembre 2022 · until 25 décembre 2028

Ended
Nico Standaerdt

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

  • Mandates22/12/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates27/10/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates02/01/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates08/07/2022
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates15/10/2021
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office27/01/2021
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Other07/10/2019
    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 2025338,6 k €↓
  2. 2024
    Annual accounts 2024513,8 k €↑
  3. 2023
    Annual accounts 2023-268,3 k €↓
  4. 2022
    Annual accounts 2022-114,8 k €↓
  5. 2021
    Annual accounts 2021-77,5 k €
  6. 03/10/2019
    IncorporationPublic limited company