ACTIVE

FLANDERS DEVELOPMENT GROUP

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Financial year 2025 · closed on 30/06/2025

Net result

-224,1 k €

+23.9% YoY

Gross margin

186,8 €

+874.5% YoY

Equity

-294,9 k €

-316.3% YoY

What does FLANDERS DEVELOPMENT GROUP do?

FLANDERS DEVELOPMENT GROUP is a Public limited company incorporated in 2007. Its main activity is: Development of building projects. Its registered office is in Kortrijk.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0893.134.626

Incorporation

25/10/2007

Legal form

Public limited company

Registered office

Spinnerijkaai(Kor) 45 box 202
8500 Kortrijk · FlandreSee on map

Contributed capital

61 500,00 €

Latest accounts

30/06/2025

Activities (NACE)

41101Development of building projects· main 68121Buying and selling of own real estate 70111Activities of head offices

Joint committees (1)

Signals

Good liquidity

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 16 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2016		2015		2014		2013		2012		2011		2010		2009
Income statement
Gross margin	186,8 €	+874%	-24,1 €	+93.8%	-386,5 €	-1000%	-35,1 €	+97.7%	-1,5 k €	-35.5%	-1,1 k €	+82.4%	-6,4 k €	-100%	2,7 M €	+813%	290,9 k €	+376%	61,1 k €	-76.0%	254 k €	-74.9%	1 M €	-66.8%	3 M €	+70599%	-4,3 k €	+66.6%	-12,9 k €	+15.0%	-15,2 k €
EBITDA	-6,9 k €	-29.3%	-5,3 k €	+62.8%	-14,3 k €	+6.4%	-15,2 k €	-45.5%	-10,5 k €	+38.1%	-16,9 k €	+13.4%	-19,5 k €	-101%	2,5 M €	+788%	284,4 k €	+408%	56 k €	-77.9%	253 k €	-74.7%	999,7 k €	-65.2%	2,9 M €	+53909%	-5,3 k €	+63.5%	-14,6 k €	+11.7%	-16,6 k €
Operating result	-6,9 k €	-29.3%	-5,3 k €	-106%	92 k €	+704%	-15,2 k €	-45.5%	-10,5 k €	+38.1%	-16,9 k €	+13.4%	-19,5 k €	-106%	316,6 k €	+11.3%	284,4 k €	+408%	56 k €	-77.9%	253 k €	-74.7%	999,7 k €	-23.5%	1,3 M €	+24572%	-5,3 k €	+63.5%	-14,6 k €	+11.7%	-16,6 k €
Net result	-224,1 k €	+23.9%	-294,4 k €	-380%	-61,3 k €	+2.9%	-63,1 k €	-16.4%	-54,2 k €	+10.4%	-60,5 k €	+3.2%	-62,5 k €	-140%	157,4 k €	-8.3%	171,7 k €	+366%	36,9 k €	-79.7%	181,6 k €	-69.1%	588,1 k €	-37.4%	940 k €	+2682%	-36,4 k €	+77.3%	-160,1 k €	-937%	-15,4 k €
Balance sheet
Equity	-294,9 k €	-316%	-70,8 k €	-132%	223,6 k €	-21.5%	284,9 k €	-18.1%	348 k €	-13.5%	402,2 k €	-13.1%	462,7 k €	-11.9%	525,2 k €	-59.8%	1,3 M €	+15.1%	1,1 M €	+3.4%	1,1 M €	-16.6%	1,3 M €	-23.8%	1,7 M €	+119%	788 k €	-4.4%	824,4 k €	-16.3%	984,6 k €
Total assets	5 M €	+0.1%	5 M €	+0.8%	5 M €	+62.4%	3,1 M €	-1.8%	3,1 M €	-11.2%	3,5 M €	-1.5%	3,6 M €	-1.7%	3,6 M €	-80.3%	18,5 M €	+4.0%	17,8 M €	+58.0%	11,3 M €	+45.6%	7,7 M €	+71.7%	4,5 M €	-31.2%	6,5 M €	+2.9%	6,4 M €	+9.0%	5,8 M €
Cash	31,3 k €	-37.4%	50 k €	+132%	21,6 k €	-71.5%	75,8 k €	-42.1%	130,9 k €	-75.0%	523,8 k €	-10.0%	582,2 k €	+2661%	21,1 k €	-98.5%	1,4 M €	+106%	687,4 k €	-69.3%	2,2 M €	+7.6%	2,1 M €	+86.4%	1,1 M €	+340%	253,3 k €	+16.5%	217,4 k €	+306%	53,5 k €
Debts	5 M €	+2.7%	4,9 M €	+3.9%	4,7 M €	+75.8%	2,7 M €	+0.1%	2,7 M €	-11.2%	3 M €	+0.1%	3 M €	+0.0%	3 M €	-4.4%	3,2 M €	-2.5%	3,2 M €	+769%	371,9 k €	-14.7%	436,2 k €	-74.1%	1,7 M €	-69.4%	5,5 M €	-0.7%	5,5 M €	+14.1%	4,9 M €

Governance

Board of directors

Seen on filing of 30/06/2025 · 5 active · 18 ended

Active mandates

Asset Financing Corporation

Managing director · 0402.622.155

Represented by Stany WILMS

Active

BERNUS

Managing director · 0871.407.319

Represented by Filip BERTON

Active

Jan STEENHOUDT

Director

Active

Luc BEKE

Managing director

Active

Marc DUBAERE

Managing director

Active

Ended mandates

Asset Financing Corporation

Managing director · since 14 mars 2013 · until 14 mars 2019 · 0402.622.155

Represented by Stanny WILMS

Ended

BERNUS

Managing director · since 14 mars 2013 · until 14 mars 2019 · 0871.407.319

Represented by Filip BERTON

Ended

Gabriel BERTON

Managing director · since 14 mars 2013 · until 14 mars 2019

Ended

Jan STEENHOUDT

Director · since 14 mars 2013 · until 14 mars 2019

Ended

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Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/07/2024	01/07/2023	01/07/2022	01/07/2021	01/07/2020	01/07/2019
Closing of the financial year	30/06/2025	30/06/2024	30/06/2023	30/06/2022	30/06/2021	30/06/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	29/01/2026	17/01/2025	29/01/2024	23/12/2022	07/01/2022	17/12/2020
General meeting	19/12/2025	19/12/2024	14/12/2023	21/12/2022	31/12/2021	10/12/2020
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

Ratios

Financial ratios

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Filings

Annual accounts filings

16 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	30/06/2025	19/12/2025	29/01/2026	Dutch	PDF
Abridged model	30/06/2024	19/12/2024	17/01/2025	Dutch	PDF
Abridged model	30/06/2023	14/12/2023	29/01/2024	Dutch	PDF
Abridged model	30/06/2022	21/12/2022	23/12/2022	Dutch	PDF
Abridged model	30/06/2021	31/12/2021	07/01/2022	Dutch	PDF
Abridged model	30/06/2020	10/12/2020	17/12/2020	Dutch	PDF
Abridged model	30/06/2019	12/12/2019	18/12/2019	Dutch	PDF
Abridged model	30/06/2018	31/01/2019	31/01/2019	Dutch	PDF
Abridged model	30/09/2016	09/03/2017	28/03/2017	Dutch	PDF
Abridged model	30/09/2015	28/10/2015	30/11/2015	Dutch	PDF
Abridged model	30/09/2014	12/03/2015	17/03/2015	Dutch	PDF
Abridged model	30/09/2013	13/03/2014	28/03/2014	Dutch	PDF
Abridged model	30/09/2012	18/04/2013	29/04/2013	Dutch	PDF
Abridged model	30/09/2011	08/03/2012	14/03/2012	Dutch	PDF
Abridged model	30/09/2010	10/03/2011	21/03/2011	Dutch	PDF
Abridged model	30/09/2009	11/03/2010	29/03/2010	Dutch	PDF

Estimate

Indicative valuation

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 30/06/2025 · 5 active · 18 ended

Active mandates

Asset Financing Corporation

Managing director · 0402.622.155

Represented by Stany WILMS

Active

BERNUS

Managing director · 0871.407.319

Represented by Filip BERTON

Active

Jan STEENHOUDT

Director

Active

Luc BEKE

Managing director

Active

Marc DUBAERE

Managing director

Active

Ended mandates

Asset Financing Corporation

Managing director · since 14 mars 2013 · until 14 mars 2019 · 0402.622.155

Represented by Stanny WILMS

Ended

BERNUS

Managing director · since 14 mars 2013 · until 14 mars 2019 · 0871.407.319

Represented by Filip BERTON

Ended

Gabriel BERTON

Managing director · since 14 mars 2013 · until 14 mars 2019

Ended

Jan STEENHOUDT

Director · since 14 mars 2013 · until 14 mars 2019

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates25/04/2019
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares06/03/2017
KAPITAAL - AANDELEN - ALGEMENE VERGADERING - BOEKJAAR - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates04/09/2013
ONTSLAGEN - BENOEMINGEN
PDF
Registered office08/03/2013
MAATSCHAPPELIJKE ZETEL
PDF
Other08/11/2007
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

2025
Annual accounts 2025-224,1 k €↑
2024
Annual accounts 2024-294,4 k €↓
2023
Annual accounts 2023-61,3 k €↑
2022
Annual accounts 2022-63,1 k €↓
2021
Annual accounts 2021-54,2 k €↑
2020
Annual accounts 2020-60,5 k €↑
2019
Annual accounts 2019-62,5 k €↓
2018
Annual accounts 2018157,4 k €↓
2016
Annual accounts 2016171,7 k €↑
2015
Annual accounts 201536,9 k €↓
2014
Annual accounts 2014181,6 k €↓
2013
Annual accounts 2013588,1 k €↓
2012
Annual accounts 2012940 k €↑
2011
Annual accounts 2011-36,4 k €↑
2010
Annual accounts 2010-160,1 k €↓
2009
Annual accounts 2009-15,4 k €
25/10/2007
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

FLANDERS DEVELOPMENT GROUP

Overview

What does FLANDERS DEVELOPMENT GROUP do?

Trend over 16 financial years

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