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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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 37 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
13 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
SCHIPPERSKAAI DEVELOPMENT from Gent, company number BE0561986722, closed financial year 2025 with a result of € 1.9 million after tax. For that financial year SCHIPPERSKAAI DEVELOPMENT recorded revenue of € 16.1 million and equity of € -902,136. Compared with financial year 2024, the result moved from € 624,343 to € 1.9 million. Profitable, and profit is growing. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 7, 2026.
€ -902,136
▲ € 1.9 million vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1.9 million
▲ 206% vs 2024
Profit after tax over the fiscal year.
€ 4.1 million
▲ 234% 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 € -992,136.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 6 million
▲ 26% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 140 days on average.
€ 64,471
▼ 65% 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 | |
|---|---|---|---|---|---|
| Revenue | € 13,801,508 | € 5,859,470 | € 12,146,870 | € 16,087,311 | ▲ 32% |
| Profit after taxes | € 231,187 | € -1,817,115 | € 624,343 | € 1,908,241 | ▲ 206% |
| Equity | € -1,617,605 | € -3,434,720 | € -2,810,377 | € -902,136 | ▲ € 1.9 million |
| Total debts | € 14,790,167 | € 16,600,436 | € 17,857,628 | € 11,900,263 | ▼ 33% |
| Cash | € 4,226,137 | € 4,730,710 | € 1,233,639 | € 4,121,534 | ▲ 234% |
| Retained profit | € -1,707,605 | € -3,524,720 | € -2,900,377 | € -992,136 | ▲ € 1.9 million |
| Bank debt | € 9,375,917 | € 6,762,696 | € 3,996,098 | € 0 | ▼ 100% |
| Balance sheet total | € 13,172,562 | € 13,165,716 | € 15,047,250 | € 10,998,126 | ▼ 27% |
Key figures of SCHIPPERSKAAI DEVELOPMENT, 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 SCHIPPERSKAAI DEVELOPMENT?
What happened at SCHIPPERSKAAI DEVELOPMENT in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 1.9 million (▲ 206% vs 2024). Source: NBB ↗
- Yoda BV became a director. NBB
- Ponto BV stepped down as director. NBB
- Luma Real Estate BV stepped down as director. NBB
- Ponto BV became a director. NBB
- Masiti BV became a director. NBB
- Eddy Cox became a director. NBB
- Robert Hoornaert became a director. NBB
In short
From € 231,187 profit in 2022 to € 1.9 million profit in 2025.
Paid € 78,110 in corporate taxes since 2022.
Best year ever: 2025, with € 1.9 million profit.
Pays suppliers within 140 days on average.
Management
The stake of Van Roey Vastgoed, CAAAP, ARTES GROUP comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
SCHIPPERSKAAI DEVELOPMENTBehind SCHIPPERSKAAI DEVELOPMENT are Masiti BV, Eddy Cox, Robert Hoornaert and Yoda BV. The shares are held by Van Roey Vastgoed (50%), CAAAP (33.3%) and ARTES GROUP (16.7%). It owns 25.1% of Ducoop itself.
Directors
According to the 2025 annual accounts
Director · represented by Lode Waes
Also active at: CAAAP, Oleander, Artes Terra, KASTEEL WISSELBEKE, SCHIPPERSKAAI LAND, WISSELKOUTER, ARTES RENO, INFRA RON +3 more
since 2020
Eddy Cox
Director
Also active at: Artem, GROEP VAN ROEY, Staalbeton, Alfa Technical Installations, IFTECH, VULKANXPRESS, EDDY COX, SPORTAVAN ONROEREND GOED +36 more
since 2020
Robert Hoornaert
Director
Also active at: AELTERMAN, Artes Roegiers, ARTES GROUP, BEDRIJVENCENTRUM REGIO BRUGGE, Artes Uptech, GROUP Depré, Artes TWT, CAAAP +12 more
since 2020
since 2025
Director · represented by Bert Grugeon
Also active at: Van Roey Rode, MOMMEN WEGENBOUW, PRESTIBEL LEFT VILLAGE, VULKANXPRESS, SCHIPPERSKAAI LAND, MECHELEN RAGHENO SITE, Ragheno Development, ATAVUS ZUID +6 more
since 2020 · until 2025
Director · represented by Peter Gestels
Also active at: SCHIPPERSKAAI LAND, Ecodroom, HOEDHAAR VASTGOED
since 2025 · until 2025
Shareholders
Participations
25.1%
Establishments
Establishment units
Physical locations of this company
Poortakkerstraat 94
9051 Gent
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 13 companies are registered at this address.
All companies at this address →CAAAP same network
€ 52.4 million revenue · 2025
Oleander same network
€ 235,110 revenue · 2025
DuCoop same network
€ 480,605 gross margin · 2025
SCHIPPERSKAAI LAND same network
€ 340,850 revenue · 2025
THV TRAGEL 8
+8 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
- 0561.986.722
- VAT number
- BE 0561.986.722
- Registered office
- Poortakkerstraat 94, 9051 Gent
- Names & denominations
- SCHIPPERSKAAI DEVELOPMENT
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 15 September 2014
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
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