ACTIVE

Heritage Development

Financial year 2025 · closed on 31/12/2025
Net result
-25,9 k €
-120.8% YoY
Gross margin
42,9 k €
-26.6% YoY
Equity
-115 k €
-29.0% YoY
Workforce
0,0 ETP

What does Heritage Development do?

Heritage Development is a Private limited company incorporated in 2004. Its registered office is in Brasschaat.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0864.235.752
Incorporation
23/03/2004
Legal form
Private limited company
Registered office
Augustijnslei 52 box A1
2930 Brasschaat · FlandreSee on map
Contributed capital
100 000,00 €
Latest accounts
31/12/2025
Average workforce
0,0 ETP
Signals
Good liquidityPositive EBITDA
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 18 financial years

202520242023202220212018201720162015201420132012201120102009200820072006
Income statement
Gross margin42,9 k €58,4 k €41,7 k €42,4 k €16,6 k €-1,1 k €228,7 k €53,6 k €3 k €-646,2 €-682,5 €-6,3 k €2,6 k €20,1 k €21,2 k €-342,2 €-12,4 k €-11 k €
EBITDA37 k €52,7 k €36,1 k €37,3 k €11,6 k €-5,6 k €228,1 k €52,5 k €2,9 k €-795,6 €-3,5 k €-13 k €1,7 k €19,2 k €20,2 k €-1,2 k €-13,6 k €-11,8 k €
Operating result37 k €52,7 k €36,1 k €37,3 k €4,4 k €-13,2 k €223,1 k €47,5 k €2,9 k €-795,6 €-3,5 k €-13 k €-19,7 k €-6,3 k €-5,2 k €-26,7 k €-37,9 k €-25,4 k €
Net result-25,9 k €-11,7 k €-16,2 k €-2,5 k €-23,3 k €-32,1 k €215,3 k €44,9 k €659,1 €47,1 k €-14,9 k €-2,9 k €-48,5 k €-30,7 k €-35,1 k €-73 k €-62,4 k €-41,9 k €
Balance sheet
Equity-115 k €-89,2 k €-77,4 k €-61,2 k €-58,7 k €66,7 k €98,9 k €-116,4 k €-161,4 k €-162 k €-209,2 k €-194,3 k €-272,8 k €-224,4 k €-193,7 k €-158,6 k €-85,6 k €-23,2 k €
Total assets2,5 M €2,4 M €2,2 M €2 M €1,9 M €1,6 M €144,9 k €64,4 k €12,5 k €45,7 k €254,6 k €254,2 k €573,9 k €608,2 k €633,4 k €653,5 k €712,6 k €479,3 k €
Cash35,2 k €9,6 k €14,3 k €308,4 €7,4 k €1,7 k €56,4 k €46 k €520,7 €45,6 k €681,5 €241,9 €1,5 k €3,9 k €2,5 k €575,1 €43,6 k €1,5 k €
Debts2,6 M €2,5 M €2,3 M €2 M €2 M €1,6 M €46 k €180,8 k €173,8 k €207,7 k €463,8 k €448,5 k €846,7 k €832,6 k €827,1 k €782,5 k €781,1 k €495,3 k €
Other
Workforce0,0 ETP0,0 ETP0,0 ETP0,0 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 · 2 active · 11 ended

Active mandates

BTFL Living

Director · 0480.715.172

Represented by Johannes Ter Laak

Active
DEN BIEZERD VASTGOED

Director · 0895.798.661

Represented by Jheroen Meuwese

Active

Ended mandates

BTFL Living

Director · since 01 décembre 2020 · 0480.715.172

Represented by Hans TER LAAK

Ended
BTFL Living

Director · since 01 décembre 2020 · 0480.715.172

Represented by Hans TER LAAK

Ended
STONES@WORK HOLDINGS

Manager · since 03 septembre 2005 · until 02 septembre 2011 · 0874.484.890

Represented by Johannes Ter Laak

Ended
STONES@WORK HOLDINGS

Manager · since 03 septembre 2005 · until 03 septembre 2011 · 0874.484.890

Represented by Johannes Ter Laak

Ended
At this address

Other companies at this address

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 date13/07/202627/06/202502/08/202431/08/202331/08/202231/08/2021
General meeting11/05/202612/05/202513/05/202409/05/202330/06/202211/05/2021
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

20 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202511/05/202613/07/2026DutchPDF
Abridged model31/12/202412/05/202527/06/2025DutchPDF
Abridged model31/12/202313/05/202402/08/2024DutchPDF
Abridged model31/12/202209/05/202331/08/2023DutchPDF
Abridged model31/12/202130/06/202231/08/2022DutchPDF
Abridged model31/12/202011/05/202131/08/2021DutchPDF
Abridged model31/12/201912/05/202015/10/2020DutchPDF
Abridged model31/12/201814/05/201930/08/2019DutchPDF
Abridged model31/12/201708/05/201818/08/2018DutchPDF
Abridged model31/12/201609/05/201731/08/2017DutchPDF
Abridged model31/12/201510/05/201631/08/2016DutchPDF
Abridged model31/12/201430/06/201531/08/2015DutchPDF
Abridged model31/12/201313/05/201430/09/2014DutchPDF
Abridged model31/12/201230/05/201321/06/2013DutchPDF
Abridged model31/12/201130/06/201217/07/2012DutchPDF
Abridged model31/12/201010/05/201120/07/2011DutchPDF
Abridged model31/12/200911/05/201002/07/2010DutchPDF
Abridged model31/12/200812/05/200931/07/2009DutchPDF
Abridged model31/12/200713/05/200801/08/2008DutchPDF
Abridged model31/12/200608/05/200702/08/2007DutchPDF
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 · 2 active · 11 ended

Active mandates

BTFL Living

Director · 0480.715.172

Represented by Johannes Ter Laak

Active
DEN BIEZERD VASTGOED

Director · 0895.798.661

Represented by Jheroen Meuwese

Active

Ended mandates

BTFL Living

Director · since 01 décembre 2020 · 0480.715.172

Represented by Hans TER LAAK

Ended
BTFL Living

Director · since 01 décembre 2020 · 0480.715.172

Represented by Hans TER LAAK

Ended
STONES@WORK HOLDINGS

Manager · since 03 septembre 2005 · until 02 septembre 2011 · 0874.484.890

Represented by Johannes Ter Laak

Ended
STONES@WORK HOLDINGS

Manager · since 03 septembre 2005 · until 03 septembre 2011 · 0874.484.890

Represented by Johannes Ter Laak

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Registered office24/10/2023
    WIJZIGING RECHTSVORM - BENAMING - MAATSCHAPPELIJKE ZETEL
    PDF
  • Mandates08/04/2021
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates30/05/2018
    BENAMING - MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
    PDF
  • Other13/11/2015
    BENAMING
    PDF
  • Capital / shares24/01/2013
    KAPITAAL - AANDELEN
    PDF
  • Registered office12/05/2011
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Registered office08/12/2008
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Other08/11/2005
    BENAMING - DOEL - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    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 2025-25,9 k €
  2. 2024
    Annual accounts 2024-11,7 k €
  3. 2023
    Annual accounts 2023-16,2 k €
  4. 2023
    Name changeHeritage Development
  5. 2022
    Annual accounts 2022-2,5 k €
  6. 2021
    Annual accounts 2021-23,3 k €
  7. 2018
    Annual accounts 2018-32,1 k €
  8. 2017
    Annual accounts 2017215,3 k €
  9. 2017
    Name changeStones@Work Projects
  10. 2016
    Annual accounts 201644,9 k €
  11. 2015
    Annual accounts 2015659,1 €
  12. 2015
    Name changeSTONES @ WORK MANAGEMENT
  13. 2014
    Annual accounts 201447,1 k €
  14. 2013
    Annual accounts 2013-14,9 k €
  15. 2012
    Annual accounts 2012-2,9 k €
  16. 2011
    Annual accounts 2011-48,5 k €
  17. 2010
    Annual accounts 2010-30,7 k €
  18. 2009
    Annual accounts 2009-35,1 k €
  19. 2008
    Annual accounts 2008-73 k €
  20. 2007
    Annual accounts 2007-62,4 k €
  21. 2006
    Annual accounts 2006-41,9 k €
  22. 2006
    Name changeSTONES @ WORK IV
  23. 23/03/2004
    IncorporationPrivate limited company