Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 6.6 to 3.6.
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Legal situation KBO
Vrijwillige ontbinding – vereffening according to the CBE.
Financials
Financial year 2024
El Nino Development from Sint-Gillis-Waas, company number BE0473084737, closed financial year 2024 with a result of € 2.2 million after tax. For that financial year El Nino Development recorded a gross margin of € 3.6 million and equity of € 4.4 million. Compared with financial year 2023, the result moved from € 422,866 to € 2.2 million. 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 August 29, 2025.
€ 4.4 million
▲ 101% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 2.2 million
▲ € 1.8 million vs 2023
Profit after tax over the fiscal year.
€ 2.1 million
▲ 182% vs 2023
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2024. Retained profit grew to € 4.3 million.
People and assets in 2024
3.6
▼ 2.6 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 296,723
▼ 49% vs 2023
€ 82,400 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 2024
None
No bank loans on the last day of the fiscal year.
€ 27,064
▼ 36% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 250,383
▼ 8% vs 2023
Taxes, VAT and social contributions still to pay.
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| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 1,082,323 | € 1,236,760 | € 1,281,757 | € 3,649,801 | ▲ 185% |
| Profit after taxes | € 340,507 | € 403,370 | € 422,866 | € 2,200,433 | ▲ € 1.8 million |
| Equity | € 1,609,758 | € 1,756,125 | € 2,178,991 | € 4,379,424 | ▲ 101% |
| Total debts | € 251,162 | € 359,019 | € 318,151 | € 278,181 | ▼ 13% |
| Cash | € 382,498 | € 250,605 | € 726,715 | € 2,052,192 | ▲ 182% |
| Land & buildings | € 419,712 | € 401,351 | € 383,580 | € 242,883 | ▼ 37% |
| Retained profit | € 1,547,758 | € 1,694,125 | € 2,116,991 | € 4,317,424 | ▲ 104% |
| Dividend | € 344,491 | € 257,004 | € 0 | € 0 | |
| Balance sheet total | € 1,860,920 | € 2,115,144 | € 2,497,142 | € 4,657,604 | ▲ 87% |
| Employees (FTE) | 6.5 | 6.6 | 6.2 | 3.6 | ▼ 2.6 |
Key figures of El Nino Development, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to El Nino Development?
What happened at El Nino Development in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
El Nino Development is active according to the CBE. Legal situation: Vrijwillige ontbinding – vereffening.
- New annual accounts for financial year 2024: profit of € 2.2 million (▲ € 1.8 million vs 2023). filed late Source: NBB ↗
- New establishment in Sint-Gillis-Waas. KBO
- New establishment in Stekene. KBO
- New establishment in Sint-Gillis-Waas. KBO
- Start of the company according to the CBE. KBO
In short
From € 340,507 profit in 2021 to € 2.2 million profit in 2024.
Paid € 1.6 million in corporate taxes since 2021.
Best year ever: 2024, with € 2.2 million profit.
On average € 1 million of value added per employee in 2024.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind El Nino Development is John De Kind. John De Kind is also behind DEN DIJK.
Directors
According to the 2024 annual accounts
Establishments
Establishment units
Physical locations of this company
Kerkstraat(SGW) 48
9170 Sint-Gillis-Waas
De Stropersstraat(KEM) 29
9190 Stekene
Active since 18 December 2013
Klingedijkstraat(SGW) 106
9170 Sint-Gillis-Waas
Active since 17 March 2023
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0473.084.737
- VAT number
- BE 0473.084.737
- Registered office
- Kerkstraat(SGW) 48, 9170 Sint-Gillis-Waas
- Names & denominations
- El Nino Development
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Vrijwillige ontbinding – vereffening
- Start date
- 19 October 2000
- Peppol
- Active · Active since 20 Nov 2025
- Activities · NACE
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