ACTIVE

Granit Development

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Financial year 2025 · closed on 31/12/2025
Net result
528,8 k €
-28.9% YoY
Gross margin
717,9 k €
-28.1% YoY
Equity
624,9 k €
-10.2% YoY

What does Granit Development do?

Granit Development is a Public limited company incorporated in 2005. Its main activity is: Buying and selling of own real estate. Its registered office is in Gent.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0872.772.445
Incorporation
17/03/2005
Legal form
Public limited company
Registered office
Industriepark-Drongen 14 box 111
9031 Gent · FlandreSee on map
Contributed capital
416 200,00 €
Latest accounts
31/12/2025
Activities (NACE)
68100Buying and selling of own real estate· main68110Buying and selling of own real estate70120Activities of head offices41101Development of building projects41102Development of building projects68121Buying and selling of own real estate+7
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 19 financial years

2025202420232022202120202019201820172016201520142013201220112010200920082007
Income statement
Gross margin717,9 k €998,3 k €920,5 k €2,5 M €1,6 M €2,4 M €2,6 M €19,2 k €37,5 k €23 k €–––––324,8 k €-74,5 k €33 k €7 k €
EBITDA705,8 k €984,6 k €908,6 k €2,4 M €1,6 M €2,4 M €1,8 M €4,8 k €34,8 k €-30,6 k €-29,7 k €67,1 k €-22,4 k €-6,1 k €-101,2 k €39,8 k €-101,2 k €30,8 k €1,7 k €
Operating result705,8 k €984,6 k €908,6 k €2,4 M €1,6 M €2,4 M €1,8 M €4,8 k €34,8 k €-30,6 k €-29,7 k €67,1 k €-22,4 k €-6,1 k €-101,2 k €39,8 k €-101,2 k €30,8 k €1,7 k €
Net result528,8 k €743,9 k €683,6 k €1,8 M €1,1 M €1,6 M €1,2 M €1,8 k €1,6 k €-71 k €-70 k €-37,2 k €-16,6 k €-4,4 k €-3,3 k €-22,7 k €27,8 k €33 k €-23,9 k €
Balance sheet
Equity624,9 k €696,1 k €1,6 M €4,9 M €3,1 M €3 M €1,4 M €214,5 k €212,7 k €111,1 k €182,1 k €252,1 k €289,3 k €51,7 k €56,1 k €59,4 k €82,1 k €54,4 k €21,4 k €
Total assets676 k €2,3 M €4 M €5,6 M €5,4 M €7,2 M €8,7 M €9,2 M €8,7 M €8,3 M €8,1 M €8,1 M €4,8 M €409,9 k €467 k €844,7 k €4,1 M €5,8 M €3,3 M €
Cash124,8 k €33,5 k €40,1 k €2,3 M €50,6 k €654,6 k €1,1 M €303,7 €19,3 k €103,8 €580,3 €1,3 k €–3,7 k €3,8 k €189,6 €404,8 €192 k €138,5 k €
Debts51,1 k €1,6 M €2,4 M €701,9 k €2,3 M €4,2 M €7,3 M €8,9 M €8,5 M €8,1 M €7,9 M €7,8 M €4,5 M €338,8 k €401,5 k €777,3 k €3,9 M €5,7 M €3,2 M €
Estimate

Indicative valuation

As an indication, this company is worth

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

Board of directors

Seen on filing of 31/12/2025 · 2 active · 18 ended

Active mandates

Granit Europe

Managing director · since 15 octobre 2020 · until 19 juin 2026 · 0821.074.613

Represented by Karolien De Brouwer

Active
WYDEN-INVEST

Managing director · since 15 octobre 2020 · until 19 juin 2026 · 0440.441.861

Represented by Marc Wybraeke

Active

Ended mandates

Granit Europe

Managing director · since 20 mai 2015 · until 26 juin 2020 · 0821.074.613

Represented by Karolien De Brouwer

Ended
Granit Europe

Managing director · since 20 mai 2015 · until 26 juin 2020 · 0821.074.613

Represented by Karolien De Brouwer

Ended
Granit Europe

Managing director · since 20 mai 2015 · until 26 juin 2020 · 0821.074.613

Represented by Karolien De Brouwer

Ended
WYDEN-INVEST

Managing director · since 20 mai 2015 · until 26 juin 2020 · 0440.441.861

Represented by Marc Wybraeke

Ended
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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 date13/07/202629/07/202521/06/202428/07/202314/07/202227/07/2021
General meeting19/06/202630/06/202521/06/202430/06/202324/06/202230/06/2021
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 model31/12/202519/06/202613/07/2026DutchPDF
Abridged model31/12/202430/06/202529/07/2025DutchPDF
Abridged model31/12/202321/06/202421/06/2024DutchPDF
Abridged model31/12/202230/06/202328/07/2023DutchPDF
Abridged model31/12/202124/06/202214/07/2022DutchPDF
Abridged model31/12/202030/06/202127/07/2021DutchPDF
Abridged model31/12/201915/10/202030/10/2020DutchPDF
Abridged model31/12/201805/07/201930/08/2019DutchPDF
Abridged model31/12/201715/06/201816/07/2018DutchPDF
Abridged model31/12/201630/06/201721/07/2017DutchPDF
Full model31/12/201517/06/201615/07/2016DutchPDF
Full model31/12/201419/06/201529/06/2015DutchPDF
Full model31/12/201320/06/201410/07/2014DutchPDF
Full model31/12/201221/06/201311/07/2013DutchPDF
Full model31/12/201115/06/201210/07/2012DutchPDF
Abridged model30/09/201029/03/201128/04/2011DutchPDF
Abridged model30/09/200909/03/201009/04/2010DutchPDF
Abridged model30/09/200810/03/200911/03/2009DutchPDF
Abridged model30/09/200729/03/200807/04/2008DutchPDF
Abridged model30/09/200613/03/200728/03/2007DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 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 · 2 active · 18 ended

Active mandates

Granit Europe

Managing director · since 15 octobre 2020 · until 19 juin 2026 · 0821.074.613

Represented by Karolien De Brouwer

Active
WYDEN-INVEST

Managing director · since 15 octobre 2020 · until 19 juin 2026 · 0440.441.861

Represented by Marc Wybraeke

Active

Ended mandates

Granit Europe

Managing director · since 20 mai 2015 · until 26 juin 2020 · 0821.074.613

Represented by Karolien De Brouwer

Ended
Granit Europe

Managing director · since 20 mai 2015 · until 26 juin 2020 · 0821.074.613

Represented by Karolien De Brouwer

Ended
Granit Europe

Managing director · since 20 mai 2015 · until 26 juin 2020 · 0821.074.613

Represented by Karolien De Brouwer

Ended
WYDEN-INVEST

Managing director · since 20 mai 2015 · until 26 juin 2020 · 0440.441.861

Represented by Marc Wybraeke

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Other13/09/2023
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - DIVERSEN
    PDF
  • Mandates03/12/2020
    ONTSLAGEN - BENOEMINGEN - DIVERSEN
    PDF
  • Mandates01/12/2020
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares15/09/2017
    KAPITAAL - AANDELEN - ALGEMENE VERGADERING - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Mandates04/06/2015
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Capital / shares02/01/2014
    BENAMING - KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Mandates02/04/2012
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates07/10/2011
    ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - BOEKJAAR - 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 2025528,8 k €↓
  2. 2024
    Annual accounts 2024743,9 k €↑
  3. 2023
    Annual accounts 2023683,6 k €↓
  4. 2022
    Annual accounts 20221,8 M €↑
  5. 2021
    Annual accounts 20211,1 M €↓
  6. 2020
    Annual accounts 20201,6 M €↑
  7. 2019
    Annual accounts 20191,2 M €↑
  8. 2018
    Annual accounts 20181,8 k €↑
  9. 2017
    Annual accounts 20171,6 k €↑
  10. 2016
    Annual accounts 2016-71 k €↓
  11. 2015
    Annual accounts 2015-70 k €↓
  12. 2014
    Annual accounts 2014-37,2 k €↓
  13. 2013
    Annual accounts 2013-16,6 k €↓
  14. 2012
    Annual accounts 2012-4,4 k €↓
  15. 2011
    Annual accounts 2011-3,3 k €↑
  16. 2010
    Annual accounts 2010-22,7 k €↓
  17. 2009
    Annual accounts 200927,8 k €↓
  18. 2008
    Annual accounts 200833 k €↑
  19. 2007
    Annual accounts 2007-23,9 k €
  20. 17/03/2005
    IncorporationPublic limited company