Financials
Financial year 2025
DEVELOPMENT from Izegem, company number BE0430742554, closed financial year 2025 with a result of € -14,264 after tax. For that financial year DEVELOPMENT recorded a gross margin of € 96,020 and equity of € 304,817. Compared with financial year 2024, the result moved from € 9,091 to € -14,264. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on January 7, 2026.
€ 304,817
▼ 4% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -14,264
▼ still € 9,091 profit in 2024
Profit after tax over the fiscal year.
€ 8,736
▲ € 7,774 vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 7,345.
People and assets in 2025
1
Average over the fiscal year, from the social balance sheet.
€ 61,057
▲ 61% vs 2024
€ 61,100 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
None
No bank loans on the last day of the fiscal year.
€ 11,900
▲ 35% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 16,282
▼ 24% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 98,732 | € 88,826 | € 54,533 | € 96,020 | ▲ 76% |
| Profit after taxes | € 24,606 | € 22,704 | € 9,091 | € -14,264 | ▼ € 23,355 |
| Equity | € 287,286 | € 309,990 | € 319,081 | € 304,817 | ▼ 4% |
| Total debts | € 447,070 | € 362,570 | € 379,249 | € 385,945 | ▲ 2% |
| Cash | € 480 | € 4,281 | € 963 | € 8,736 | ▲ € 7,774 |
| Land & buildings | € 195,835 | € 192,653 | € 189,472 | € 186,290 | ▼ 2% |
| Retained profit | € -10,186 | € 12,518 | € 21,609 | € 7,345 | ▼ 66% |
| Balance sheet total | € 734,356 | € 672,561 | € 698,330 | € 690,762 | ▼ 1% |
| Employees (FTE) | 1 | 1 | 1 | 1 |
Key figures of 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 30 January 2027.
What happened to DEVELOPMENT?
What happened at DEVELOPMENT in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 14,264 (▼ € 23,355 vs 2024). Source: NBB ↗
- Eveline Soenen became a director. NBB
- New establishment in Izegem. KBO
- Start of the company according to the CBE. KBO
In short
From € 24,606 profit in 2022 to € 14,264 loss in 2025.
Paid € 20,890 in corporate taxes since 2022.
Best year ever: 2022, with € 24,606 profit.
On average € 96,000 of value added per employee in 2025.
Management
Behind DEVELOPMENT is Eveline Soenen. It owns 31% of Soenen H Mach Services and 27% of Soenen Hendrik NV itself.
Directors
According to the 2025 annual accounts
Eveline Soenen
Director
Also active at: SOENEN HENDRIK, SOENEN H. MACHINES, SERVICE AND PROTOTYPES, PROJECT - ENGINEERING, EVELKARO, Soenen Europe, SOENEN EVEL
since 2024
Establishments
Establishment units
Physical locations of this company
Gentseheerweg 63
8870 Izegem
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 4 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0430.742.554
- VAT number
- BE 0430.742.554
- Registered office
- Gentseheerweg 63, 8870 Izegem
- Names & denominations
- DEVELOPMENT
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 30 March 1987
- Peppol
- Active · Active since 29 Sept 2025
- Activities · NACE
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