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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Busy address KBO
40 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
Belgian Investment Company for Developing Countries from Brussel, company number BE0476286331, closed financial year 2025 with a result of € 9 million after tax. Compared with financial year 2024, the result moved from € 19.2 million to € 9 million. The company is profitable. 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 May 7, 2026.
€ 1.2 billion
▲ 1% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 9 million
▼ 53% vs 2024
Profit after tax over the fiscal year.
€ 9.8 million
▼ 6% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 4.5 million paid out
50 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
82.6
▲ 5.8 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 11.3 million
▲ 5% vs 2024
€ 136,600 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.
€ 448,855
▼ 8% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 56,385
Loans from banks and other lenders, long and short.
€ 690,136
▲ € 547,817 vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 48 days on average.
€ 2.3 million
▲ 54% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Profit after taxes | € -12,779,553 | € 17,412,640 | € 19,198,990 | € 8,970,780 | ▼ 53% |
| Equity | € 1,101,004,146 | € 1,120,679,618 | € 1,159,485,666 | € 1,176,262,036 | ▲ 1% |
| Total debts | € 11,535,226 | € 11,942,012 | € 19,163,496 | € 19,761,000 | ▲ 3% |
| Cash | € 12,836,638 | € 9,448,941 | € 10,461,344 | € 9,822,919 | ▼ 6% |
| Retained profit | € 1,036,926,960 | € 1,054,339,600 | € 1,068,738,843 | € 1,073,224,232 | |
| Dividend | € 0 | € 0 | € 4,799,748 | € 4,485,390 | ▼ 7% |
| Bank debt | € 0 | € 0 | € 0 | € 56,385 | |
| Balance sheet total | € 1,112,589,080 | € 1,132,687,829 | € 1,178,718,636 | € 1,196,052,494 | ▲ 1% |
| Employees (FTE) | 76.7 | 75.2 | 76.8 | 82.6 | ▲ 5.8 |
Key figures of Belgian Investment Company for Developing Countries, 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 July 2027.
What happened to Belgian Investment Company for Developing Countries?
What happened at Belgian Investment Company for Developing Countries in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Jade Salhab stepped down as director. NBB
- Sophie Tibesar stepped down as director. NBB
- Peter Moors stepped down as director. NBB
- Jean-Christophe Charlier stepped down as director. NBB
- Anna Elisabeth De Backer stepped down as director. NBB
- Pieter Verhelst stepped down as director. NBB
- Géraldine Georges stepped down as director. NBB
- Illias Marraha stepped down as director. NBB
In short
From € 12.8 million loss in 2022 to € 9 million profit in 2025.
Paid € 18.6 million in corporate taxes since 2022.
Best year ever: 2024, with € 19.2 million profit.
Paid out € 9.3 million in dividends to the owners in total.
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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
It owns 44.6% of EFC Uganda Ltd, 32.7% of African Agency for Credit & Enterprise Ltd. (ACEP), 26.6% of Banco Popular, 25% of SDG Frontier Fund, 24.6% of FPM SA - Fonds pour l'Inclusion Financière en DRC SA and 20.8% of BCB Bujumbura S.M. itself.
Directors
According to the 2025 annual accounts
since 2021 · until 2026
Jean-Christophe Charlier
Director
since 2021 · until 2026
Jade Salhab
Director
since 2024 · until 2029
Sophie Tibesar
Director
since 2023 · until 2028
Anna Elisabeth De Backer
Director
since 2021 · until 2026
since 2021 · until 2026
Géraldine Georges
Chairman of the board
since 2021 · until 2026
Illias Marraha
Director
since 2021 · until 2026
Laurence Christians
Director
since 2021 · until 2026
Samira Bersoul
Director
Also active at: SAMIRA BERSOUL PROJECTS, ANIMA MEA GROUP, ONDERNEMERS ZONDER GRENZEN
since 2021 · until 2026
Establishments
Establishment units
Physical locations of this company
Bischoffsheimlaan 15
1000 Brussel
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 40 companies are registered at this address.
All companies at this address →VEAMO
€ 433,812 gross margin · 2024
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€ 62.4 million revenue · 2025
I.R.E.S.
€ 27,428 gross margin · 2024
VLAEMMINCK EN PARTNERS
€ 210,675 gross margin · 2025
+35 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
- 0476.286.331
- VAT number
- BE 0476.286.331
- Registered office
- Bischoffsheimlaan 15, 1000 Brussel
- Names & denominations
- Belgian Investment Company for Developing Countries · Société belge d'Investissement pour les Pays en Développement · Belgische Investeringsmaatschappij voor Ontwikkelingslanden
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 11 December 2001
- Peppol
- Active · Active since 20 May 2025
- Activities · NACE
Overige financiële dienstverlening, neg
Overige financiële instellingen, n.e.g.