ACTIVE

Downtown Development

Financial year 2025 · closed on 31/12/2025
Net result
-503 k €
-101.1% YoY
Gross margin
113 k €
+177.5% YoY
Equity
1,6 M €
-24.3% YoY
Workforce
0,8 ETP
-20.0% YoY

What does Downtown Development do?

Downtown Development is a Private limited company incorporated in 2021. Its main activity is: Activities of holding companies. Its registered office is in Bruxelles. It employs on average 0,8 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0776.834.002
Incorporation
04/11/2021
Legal form
Private limited company
Registered office
Avenue Louise 235
1050 Bruxelles · BruxellesSee on map
Contributed capital
250 000,00 €
Latest accounts
31/12/2025
Average workforce
0,8 ETP
Joint committees (2)
  • 200
  • 20000
Signals
Good liquidityPositive EBITDAHealthy social debts
Health score
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Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 4 financial years

2025202420232022
Income statement
Gross margin113 k €-145,7 k €250,3 k €13,9 k €
EBITDA5,9 k €-245,1 k €182,1 k €13,9 k €
Operating result-887,6 €-251,5 k €179,3 k €13,9 k €
Net result-503 k €-250,2 k €2,6 M €-31,3 k €
Balance sheet
Equity1,6 M €2,1 M €2,8 M €218,7 k €
Total assets11,8 M €12 M €12,3 M €987,1 k €
Cash2,2 M €2,1 M €2,8 M €130,6 k €
Debts8,7 M €8,9 M €9 M €768,4 k €
Other
Workforce0,8 ETP1,0 ETP1,0 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 · 6 active · 2 ended

Active mandates

CLIPSTONE

Director · since 09 mai 2023 · 0764.566.074

Represented by Joris WERNER

Active
CINQO

Director · since 27 février 2023 · 0430.081.865

Represented by Nicolas De Quinnemar

Active
TICACONSULT

Director · since 27 février 2023 · 0636.809.156

Represented by Erik Van Den Eynden

Active
ViBel

Director · since 27 février 2023 · 0657.793.127

Represented by De Villegas De Clercamp Carl-Philip

Active
ASTUS

Managing director · since 03 novembre 2021 · 0891.375.461

Represented by Alexandre Steijns

Active
Green Mill

Managing director · since 03 novembre 2021 · 0676.432.567

Represented by De Kuyper Jan

Active

Ended mandates

Werner Joris

Director · since 03 novembre 2021 · until 09 mai 2023

Ended
Werner Joris

Director · since 03 novembre 2021

Ended
At this address

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Annual accounts

Full financial information

2025202420232022
Type of accountAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/11/2021
Closing of the financial year31/12/202531/12/202431/12/202331/12/2022
Length of the financial year12 months12 months12 months14 months
Filing date30/06/202601/09/202516/08/202407/06/2023
General meeting23/06/202625/08/202518/06/202430/05/2023
Currency of the financial yearEUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

4 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202523/06/202630/06/2026DutchPDF
Abridged model31/12/202425/08/202501/09/2025DutchPDF
Abridged model31/12/202318/06/202416/08/2024DutchPDF
Abridged model31/12/202230/05/202307/06/2023DutchPDF
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 · 6 active · 2 ended

Active mandates

CLIPSTONE

Director · since 09 mai 2023 · 0764.566.074

Represented by Joris WERNER

Active
CINQO

Director · since 27 février 2023 · 0430.081.865

Represented by Nicolas De Quinnemar

Active
TICACONSULT

Director · since 27 février 2023 · 0636.809.156

Represented by Erik Van Den Eynden

Active
ViBel

Director · since 27 février 2023 · 0657.793.127

Represented by De Villegas De Clercamp Carl-Philip

Active
ASTUS

Managing director · since 03 novembre 2021 · 0891.375.461

Represented by Alexandre Steijns

Active
Green Mill

Managing director · since 03 novembre 2021 · 0676.432.567

Represented by De Kuyper Jan

Active

Ended mandates

Werner Joris

Director · since 03 novembre 2021 · until 09 mai 2023

Ended
Werner Joris

Director · since 03 novembre 2021

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Other12/09/2024
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Mandates08/08/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates15/03/2023
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other08/11/2021
    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 2025-503 k €
  2. 2024
    Annual accounts 2024-250,2 k €
  3. 2023
    Annual accounts 20232,6 M €
  4. 2022
    Annual accounts 2022-31,3 k €
  5. 04/11/2021
    IncorporationPrivate limited company