ACTIVE

Tondelier Development

Financial year 2025 · Closed on 31/12/2025

Net result-376,9 k €-25 089,9 %over 1 year

Revenue3,6 M €-72,0 %over 1 year

Equity5,8 M €-6,1 %over 1 year

Identity

Source · BCE/KBO

Tondelier Development is a Public limited company incorporated in 2012. Its main activity is: Development of building projects. Its registered office is in Gent.

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0843.882.479
Incorporation: 14/02/2012
Legal form: Public limited company
Registered office: Industrieweg 76
9032 Gent · FlandreSee on map
Contributed capital: 6 061 500,00 €
Latest accounts: 31/12/2025

Activities (NACE)

41101Development of building projects· main 68121Buying and selling of own real estate 41102Development of building projects 68122Buying and selling of own real estate 71111Architectural activities 71111Architectural activities

Signals

Good liquidityPositive EBITDAHigh revenue

Financials

Source · NBB, 13 filings

Trend over 11 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	3,6 M €	-72.0%	12,9 M €	-29.4%	18,2 M €	+5.2%	17,3 M €	-61.5%	45 M €
EBITDA	271,1 k €	-66.7%	814,9 k €	-14.5%	952,9 k €	+30.4%	731 k €	+31.5%	556 k €
Operating result	241,3 k €	-70.4%	814,9 k €	-14.5%	952,9 k €	+30.4%	731 k €	+31.5%	556 k €
Net result	-376,9 k €	-25090%	-1,5 k €	-102%	93,6 k €	-38.8%	153 k €	+68.1%	91 k €
Balance sheet
Equity	5,8 M €	-6.1%	6,2 M €	-0.0%	6,2 M €	+1.5%	6,1 M €	+2.6%	5,9 M €
Total assets	31,3 M €	+4.0%	30,1 M €	-5.3%	31,8 M €	-3.8%	33,1 M €	+10.6%	29,9 M €
Cash	166,6 k €	-90.4%	1,7 M €	+115%	807 k €	-85.5%	5,6 M €	+408%	1,1 M €
Debts	24,9 M €	+6.3%	23,4 M €	-7.4%	25,3 M €	-5.1%	26,7 M €	+11.9%	23,8 M €

Valuation

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 8 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Filip Verhaeghe	Managing director19/06/2018 → 17/05/2029Mandate19/06/2018 → 2018 accountsendedDirector22/02/2017 → 2019 accountsended
Jean-Marie de Buck van Overstraeten	Managing director19/06/2018 → 17/05/2029Mandate19/06/2018 → 2018 accountsendedDirector19/06/2018 → 2019 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
MADFIVE0871.176.596Represented by Filip Verhaeghe	Director15/01/2018 → 2018 accounts
Square Group0502.446.241Represented by Jean-Marie De Buck Van Overstraeten	Director15/01/2018 → 2018 accounts

Other companies at this address

Industrieweg 76 9032 Gent

Company	CBE no.
ACLAGRO PROJECTS● Active	0877.700.540
Antonius RE Development● Active	0818.293.681
Assist RE Development● Active	0699.701.778
BTW-E SQUARE GROUP● Active	0511.996.187
Capribel Invest● Active	1002.760.561
DBF RE Development● Active	0818.294.968
DC3● Active	0467.155.463
Hermes Invest● Active	0783.517.104
JACQUES DE VRIENDT-ROSA MORES● Active	0475.880.911
Keizerpoort RE Development● Active	0818.294.275
KZP Immo● Active	0434.616.913
MICHIELS AANNEMINGEN● Active	0422.513.984
MT200● Active	0844.862.575
NDK 28● Active	0555.710.723
OTRECO INVESTMENT GROUP● Active	0810.563.276
OTREVEST● Active	0546.745.646
Square Group● Active	0502.446.241
Square Private Equity● Active	1005.028.876
Square Real Estate● Active	0432.483.210
TM Aclagro-BSV RO 190711● Active	0753.940.220

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full 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	23/06/2026	23/06/2025	06/06/2024	28/06/2023	29/07/2022	27/09/2021
General meeting	21/05/2026	29/05/2025	16/05/2024	18/05/2023	30/06/2022	20/08/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 13 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	21/05/2026	23/06/2026	Dutch	PDF
Full model	31/12/2024	29/05/2025	23/06/2025	Dutch	PDF
Full model	31/12/2023	16/05/2024	06/06/2024	Dutch	PDF
Full model	31/12/2022	18/05/2023	28/06/2023	Dutch	PDF
Full model	31/12/2021	30/06/2022	29/07/2022	Dutch	PDF
Full model	31/12/2020	20/08/2021	27/09/2021	Dutch	PDF
Full model	31/12/2019	28/08/2020	30/09/2020	Dutch	PDF
Full model	31/12/2018	28/06/2019	11/07/2019	Dutch	PDF
Full model	31/12/2017	27/05/2018	15/06/2018	Dutch	PDF
Full model	31/12/2016	18/05/2017	07/07/2017	Dutch	PDF
Full model	31/12/2015	19/05/2016	03/06/2016	Dutch	PDF
Full model	31/12/2014	21/05/2015	05/06/2015	Dutch	PDF
Full model	31/12/2013	27/06/2014	07/07/2014	Dutch	PDF

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.

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 8 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Filip Verhaeghe	Managing director19/06/2018 → 17/05/2029Mandate19/06/2018 → 2018 accountsendedDirector22/02/2017 → 2019 accountsended
Jean-Marie de Buck van Overstraeten	Managing director19/06/2018 → 17/05/2029Mandate19/06/2018 → 2018 accountsendedDirector19/06/2018 → 2019 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
MADFIVE0871.176.596Represented by Filip Verhaeghe	Director15/01/2018 → 2018 accounts
Square Group0502.446.241Represented by Jean-Marie De Buck Van Overstraeten	Director15/01/2018 → 2018 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates15/07/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates07/07/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates23/08/2022
ONTSLAGEN - BENOEMINGEN
PDF
Other14/05/2020
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates29/05/2019
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares04/03/2019
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN
PDF
Mandates16/07/2018
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares21/06/2018
DIVERSEN - KAPITAAL - AANDELEN
PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings11 filings

Mandates

Jean-Marie de Buck van Overstraeten

Filip Verhaeghe

Square Group

MADFIVE

Jean-Marie de Buck van Overstraten

BERT WEEMAES

GAETAN PEETERS

Korius BVBA

Oryx Projects

VD.CO

201220132014201520162017201820192020202120222023202420252026202720282029

Tondelier Development

Industrieweg 76, 9032 Wondelgem

Managing directorDirector

Managing director

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Industrieweg 76, 9032 WondelgemCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00218155

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
Tondelier DevelopmentCurrent	accounts 2013 → 2025	Accounts 2025 · 2026-00218155

Events

2025
Annual accounts 2025-376,9 k €↓
2024
Annual accounts 2024-1,5 k €↓
2023
Annual accounts 202393,6 k €↓
2022
Annual accounts 2022153 k €↑
2021
Annual accounts 202191 k €↑
2018
Annual accounts 2018-27 k €↓
2017
Annual accounts 2017-10,7 k €↑
2016
Annual accounts 2016-39,5 k €↓
2015
Annual accounts 2015-28,7 k €↓
2014
Annual accounts 2014-26,7 k €↑
2013
Annual accounts 2013-40,8 k €
14/02/2012
IncorporationPublic limited company

Tondelier Development

Overview

Identity

Financials

Valuation

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

Timeline

Registered offices

Company names

Events