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 4 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
49 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
BUSINESS DEVELOPMENT COMPANY from Waterloo, company number BE0468054692, closed financial year 2025 with a result of € 7,949 after tax. For that financial year BUSINESS DEVELOPMENT COMPANY recorded a gross margin of € 31,808 and equity of € 250,693. Compared with financial year 2024, the result moved from € -4,979 to € 7,949. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on November 5, 2025.
€ 250,693
▲ 3% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 7,949
▲ still € 4,979 loss in 2024
Profit after tax over the fiscal year.
€ 6,398
▲ 140% 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 € 163,993.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 6,891
▼ 27% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 2,995
▲ € 2,459 vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 25,003 | € 18,938 | € 20,975 | € 31,808 | ▲ 52% |
| Profit after taxes | € -3,718 | € -5,926 | € -4,979 | € 7,949 | ▲ € 12,928 |
| Equity | € 253,648 | € 247,723 | € 242,744 | € 250,693 | ▲ 3% |
| Total debts | € 514,177 | € 514,438 | € 490,701 | € 468,743 | ▼ 4% |
| Cash | € 1,281 | € 2,560 | € 2,665 | € 6,398 | ▲ 140% |
| Land & buildings | € 746,433 | € 728,966 | € 711,499 | € 694,032 | ▼ 2% |
| Retained profit | € 166,948 | € 161,023 | € 156,044 | € 163,993 | ▲ 5% |
| Bank debt | € 36,000 | € 18,000 | € 0 | € 0 | |
| Balance sheet total | € 767,825 | € 762,161 | € 733,445 | € 719,437 | ▼ 2% |
Key figures of BUSINESS DEVELOPMENT COMPANY, 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 October 2026.
What happened to BUSINESS DEVELOPMENT COMPANY?
What happened at BUSINESS DEVELOPMENT COMPANY in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 7,949. filed late Source: NBB ↗
- Guibert de Spirlet became a director. NBB
- New establishment in Tervuren. KBO
- Start of the company according to the CBE. KBO
In short
From € 3,718 loss in 2022 to € 7,949 profit in 2025.
Paid € 2,348 in corporate taxes since 2022.
Best year ever: 2025, with € 7,949 profit.
Management
Behind BUSINESS DEVELOPMENT COMPANY is Guibert de Spirlet. Guibert de Spirlet is also behind FILIECAP and WORLD TRAVEL COMPANY.
Directors
According to the 2025 annual accounts
since 2019
Establishments
Establishment units
Physical locations of this company
Chaussée de Bruxelles 165 box 79
1410 Waterloo
Ringlaan 22
3080 Tervuren
Active since 13 July 2000
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 49 companies are registered at this address.
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What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0468.054.692
- VAT number
- BE 0468.054.692
- Registered office
- Chaussée de Bruxelles 165 bus 79, 1410 Waterloo
- Names & denominations
- BUSINESS DEVELOPMENT COMPANY · B.D.C.
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 9 December 1999
- Peppol
- Active · Active since 10 Dec 2025
- Activities · NACE
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