Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 18 % of short-term debt in 2025; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 8.3 to 7.2.
Financials
Financial year 2025
DANNEELS DEVELOPMENT from Brugge, company number BE0418125230, closed financial year 2025 with a result of € 200,338 after tax. For that financial year DANNEELS DEVELOPMENT recorded revenue of € 9.2 million and equity of € 46 million. Compared with financial year 2024, the result moved from € -617,389 to € 200,338. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on June 10, 2026.
€ 46 million
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 200,338
▲ still € 617,389 loss in 2024
Profit after tax over the fiscal year.
€ 309,566
▼ 37% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 42.1 million.
People and assets in 2025
7.2
▼ 0.8 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 781,155
▼ 22% vs 2024
€ 108,500 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
Debts at end 2025
€ 23.7 million
▲ 6% vs 2024
Loans from banks and other lenders, long and short.
€ 976,693
▼ 12% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 39 days on average.
€ 100,152
▼ 13% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 17,985,119 | € 12,173,965 | € 9,221,542 | € 9,206,225 | |
| Profit after taxes | € 2,312,405 | € 937,764 | € -617,389 | € 200,338 | ▲ € 817,726 |
| Equity | € 45,484,279 | € 46,422,043 | € 45,804,655 | € 46,004,992 | |
| Total debts | € 36,976,527 | € 39,287,505 | € 34,679,516 | € 33,932,838 | ▼ 2% |
| Cash | € 310,763 | € 800,086 | € 493,031 | € 309,566 | ▼ 37% |
| Land & buildings | € 262,089 | € 262,089 | € 262,089 | € 1,904,427 | ▲ € 1.6 million |
| Retained profit | € 41,584,279 | € 42,522,043 | € 41,904,655 | € 42,104,992 | |
| Dividend | € 4,000,000 | € 0 | € 0 | € 0 | |
| Bank debt | € 15,584,023 | € 24,668,504 | € 22,433,751 | € 23,716,826 | ▲ 6% |
| Balance sheet total | € 82,477,378 | € 85,768,525 | € 80,500,743 | € 79,954,402 | ▼ 1% |
| Employees (FTE) | 6.3 | 8.3 | 8 | 7.2 | ▼ 0.8 |
Key figures of DANNEELS DEVELOPMENT, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to DANNEELS DEVELOPMENT?
What happened at DANNEELS DEVELOPMENT in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Aiupo bv stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 200,338. Source: NBB ↗
- Aiupo bv became a director. NBB
- New establishment in Brugge. KBO
- Start of the company according to the CBE. KBO
In short
From € 2.3 million profit in 2022 to € 200,338 profit in 2025.
Paid € 1.1 million in corporate taxes since 2022.
Best year ever: 2022, with € 2.3 million profit.
Paid out € 4 million in dividends to the owners in total.
Management
The stake of AIUPO comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
DANNEELS DEVELOPMENTThe shares are held by AIUPO (100%).
Directors
According to the 2025 annual accounts
Managing director · represented by Pascal Danneels
Also active at: Centrale Tuinbouwveiling, Bouwkantoor Danneels, Projectontwikkeling, BOSKO PROJECTEN, DANNEELS RETAIL, D³ PROJECTS, DAN-PROPERTIES, BUILDING FACTORY +1 more
since 2025 · until 2031
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Sint-Baafskerkstraat 1
8200 Brugge
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 9 companies are registered at this address.
All companies at this address →Centrale Tuinbouwveiling same network
€ 102,293 revenue · 2025
Bouwkantoor Danneels same network
€ 37.4 million revenue · 2025
Projectontwikkeling same network
€ 2.2 million revenue · 2025
BOSKO PROJECTEN same network
€ 165,039 revenue · 2025
DANNEELS RETAIL same network
+4 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0418.125.230
- VAT number
- BE 0418.125.230
- Registered office
- Sint-Baafskerkstraat 1, 8200 Brugge
- Names & denominations
- DANNEELS DEVELOPMENT
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 22 March 1978
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Projectontwikkeling voor woningbouw
Ontwikkeling van residentiële bouwprojecten
Bemiddeling in verband met exploitatie van en handel in onroerend goed
Bemiddeling bij de aankoop, verkoop en verhuur van onroerend goed
Bemiddeling bij de aankoop, verkoop en verhuur van onroerend goed voor een vast bedrag of op contractbasis