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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Two loss years in a row NBB
Negative result in 2025 and 2026.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2026
DEVELOPMENT AND MANAGEMENT ASSOCIATION from Frasnes-lez-Anvaing, company number BE0442686917, closed financial year 2026 with a result of € -62,371 after tax. For that financial year DEVELOPMENT AND MANAGEMENT ASSOCIATION recorded a gross margin of € -8,528 and equity of € 477,916. Compared with financial year 2025, the result moved from € -54,407 to € -62,371. 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 September 10, 2026.
€ 477,916
▼ 12% vs 2025
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -62,371
▼ 15 % more loss than in 2025
Profit after tax over the fiscal year.
€ 224,368
▲ 12% vs 2025
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 457,916.
Debts at end 2026
None
No bank loans on the last day of the fiscal year.
€ 1,790
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2023 | 2024 | 2025 | 2026 | Change 2025 → 2026 | |
|---|---|---|---|---|---|
| Gross margin | € 176,160 | € 127,665 | € -25,423 | € -8,528 | ▲ € 16,895 |
| Profit after taxes | € 98,148 | € 62,900 | € -54,407 | € -62,371 | ▼ € 7,964 |
| Equity | € 531,794 | € 594,694 | € 540,287 | € 477,916 | ▼ 12% |
| Total debts | € 448,955 | € 77,788 | € 3,885 | € 1,790 | ▼ 54% |
| Cash | € 141,280 | € 247,686 | € 199,852 | € 224,368 | ▲ 12% |
| Retained profit | € 511,794 | € 574,694 | € 520,287 | € 457,916 | ▼ 12% |
| Bank debt | € 8,395 | € 8,492 | € 0 | € 0 | |
| Balance sheet total | € 980,749 | € 672,482 | € 544,172 | € 479,706 | ▼ 12% |
Key figures of DEVELOPMENT AND MANAGEMENT ASSOCIATION, fiscal years 2023 to 2026, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2027) expected before 30 January 2028.
What happened to DEVELOPMENT AND MANAGEMENT ASSOCIATION?
What happened at DEVELOPMENT AND MANAGEMENT ASSOCIATION in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2026: loss of € 62,371. Source: NBB ↗
- Maggy Geenens became a director. NBB
- New establishment in Frasnes-lez-Anvaing. KBO
- Start of the company according to the CBE. KBO
In short
From € 98,148 profit in 2023 to € 62,371 loss in 2026.
Paid € 88,331 in corporate taxes since 2023.
Best year ever: 2023, with € 98,148 profit.
Management
Behind DEVELOPMENT AND MANAGEMENT ASSOCIATION are Maggy Geenens and Irving Heugens. It owns 80% of MAGIBEL NV itself.
Directors
According to the 2026 annual accounts
Maggy Geenens
Director
since 2023
Establishments
Establishment units
Physical locations of this company
Chaussée de Renaix(D) 162
7912 Frasnes-lez-Anvaing
Chaussée de Renaix(SS) 162
7912 Frasnes-lez-Anvaing
Active since 20 July 2010
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0442.686.917
- VAT number
- BE 0442.686.917
- Registered office
- Chaussée de Renaix(D) 162, 7912 Frasnes-lez-Anvaing
- Names & denominations
- DEVELOPMENT AND MANAGEMENT ASSOCIATION · DAMA
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 3 December 1990
- Peppol
- Not registered
- Activities · NACE
Activiteiten van interieurarchitecten
Organisatie van salons, tentoonstellingen en beurzen
Organisatie van congressen en beurzen