Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2023 and 2024.
-
Tight liquidity NBB
Cash and receivables cover 50 % of short-term debt in 2024; threshold 65 %.
-
Shrinking team NBB
FTE fell two years in a row, from 6.4 to 1.
-
Busy address KBO
15 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2024
B-DEVELOPMENT from Antwerpen, company number BE0475688097, closed financial year 2024 with a result of € -1.4 million after tax. For that financial year B-DEVELOPMENT recorded revenue of € 3.4 million and equity of € 6.4 million. Compared with financial year 2023, the result moved from € -861 to € -1.4 million. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on June 16, 2025.
€ 6.4 million
▼ 18% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -1.4 million
▼ 163774 % more loss than in 2023
Profit after tax over the fiscal year.
€ 556,460
▼ 37% vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 5.7 million.
People and assets in 2024
1
▼ 2.8 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 120,972
▼ 71% vs 2023
€ 121,000 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.
€ 8,276
▲ 26% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
€ 10.1 million
▼ 21% vs 2023
€ 209,347 is repaid this year. At this pace the long-term loan is gone in ≈ 34 years.
€ 900,607
▼ 57% vs 2023
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 133 days on average.
€ 262,725
▲ € 235,619 vs 2023
Taxes, VAT and social contributions still to pay.
| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Revenue | € 7,240,785 | € 7,931,818 | € 7,149,478 | € 3,354,238 | ▼ 53% |
| Profit after taxes | € 53,695 | € 53,638 | € -861 | € -1,410,889 | ▼ € 1.4 million |
| Equity | € 7,788,643 | € 7,842,281 | € 7,841,421 | € 6,430,532 | ▼ 18% |
| Total debts | € 28,741,905 | € 26,522,022 | € 16,493,574 | € 13,822,430 | ▼ 16% |
| Cash | € 1,035,120 | € 562,114 | € 879,104 | € 556,460 | ▼ 37% |
| Land & buildings | € 4,303,293 | € 4,227,020 | € 1,255,802 | € 732,349 | ▼ 42% |
| Retained profit | € 7,067,103 | € 7,120,742 | € 7,119,881 | € 5,708,992 | ▼ 20% |
| Bank debt | € 21,050,034 | € 19,925,250 | € 12,877,106 | € 10,131,103 | ▼ 21% |
| Balance sheet total | € 36,530,548 | € 34,364,304 | € 24,534,995 | € 20,452,962 | ▼ 17% |
| Employees (FTE) | 7.6 | 6.4 | 3.8 | 1 | ▼ 2.8 |
Key figures of B-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 B-DEVELOPMENT?
What happened at B-DEVELOPMENT in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Golden Age BV stepped down as director. NBB
- Bvm - Bouw En Vastgoed Management BV stepped down as director. NBB
- New annual accounts for financial year 2024: loss of € 1.4 million. Source: NBB ↗
- Golden Age BV became a director. NBB
- Bvm - Bouw En Vastgoed Management BV became a director. NBB
- New establishment in Antwerpen. KBO
- Start of the company according to the CBE. KBO
In short
From € 53,695 profit in 2021 to € 1.4 million loss in 2024.
Paid € 330,555 in corporate taxes since 2021.
Best year ever: 2021, with € 53,695 profit.
Pays suppliers within 133 days on average.
Management
It owns 100% of Bimmo, 50% of Nero and 50% of Netestad Immo itself.
Directors
According to the 2024 annual accounts
Director · represented by Brody ISRAEL
Also active at: Immo Topwijk, BIMMO, ABR2, NERO, SGR, IMMO STROOPSITE, Singel Real Estate, Lionier +6 more
since 2024 · until 2028
Bvm - Bouw En Vastgoed Management BV
Director · represented by Labeeuw CLAUDE
Also active at: Immo Topwijk, BIMMO, SGR, IMMO STROOPSITE, IMMO WANSART, Immo Quellin, Lionier, NETESTAD IMMO +3 more
since 2023 · until 2028
Establishments
Establishment units
Physical locations of this company
Britselei 19
2000 Antwerpen
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 15 companies are registered at this address.
All companies at this address →Immo Topwijk same network
€ -13,940 gross margin · 2025
BIMMO same network
€ -925,916 gross margin · 2025
PARKZICHT GULLEGEM
ABR2 same network
€ -12,274 gross margin · 2024
NERO same network
€ -2.2 million gross margin · 2025
+10 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
- 0475.688.097
- VAT number
- BE 0475.688.097
- Registered office
- Britselei 19, 2000 Antwerpen
- Names & denominations
- B-DEVELOPMENT
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 14 September 2001
- Peppol
- Active · Active since 21 Oct 2026
- Activities · NACE
Ontwikkeling van residentiële bouwprojecten
Projectontwikkeling voor woningbouw
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen