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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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 15 % of short-term debt in 2025; threshold 65 %.
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Board fully replaced NBB
No director from three years ago is still active according to annual account 2025.
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Busy address KBO
73 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
Plantin Development from Waregem, company number BE0668433532, closed financial year 2025 with a result of € -1.9 million after tax. For that financial year Plantin Development recorded a gross margin of € 29,821 and equity of € -3 million. Compared with financial year 2024, the result moved from € -310,862 to € -1.9 million. The company made a loss. 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 June 25, 2026.
€ -3 million
▼ € 1.9 million vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -1.9 million
▼ 517 % more loss than in 2024
Profit after tax over the fiscal year.
€ 42,904
▼ 32% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -3.1 million.
Debts at end 2025
€ 26 million
▲ 47% vs 2024
€ 16.2 million is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 1.3 million
▼ 46% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 1.5 million
▲ € 1.5 million 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 | - | - | € 2,847,095 | - | |
| Gross margin | € -258,686 | € -306,035 | € -137,370 | € 29,821 | ▲ € 167,191 |
| Profit after taxes | € -436,395 | € -466,411 | € -310,862 | € -1,917,017 | ▼ € 1.6 million |
| Equity | € -347,013 | € -813,424 | € -1,124,287 | € -3,041,304 | ▼ € 1.9 million |
| Total debts | € 7,940,773 | € 11,591,152 | € 24,095,825 | € 30,103,765 | ▲ 25% |
| Cash | € 773,017 | € 40,788 | € 62,796 | € 42,904 | ▼ 32% |
| Land & buildings | € 1,196,636 | € 1,196,636 | € 2,536,300 | € 2,536,300 | |
| Retained profit | € -365,563 | € -831,974 | € -1,142,837 | € -3,059,854 | ▼ € 1.9 million |
| Bank debt | € 3,504,711 | € 8,104,711 | € 17,723,906 | € 26,044,711 | ▲ 47% |
| Balance sheet total | € 7,593,760 | € 10,777,728 | € 22,971,538 | € 27,062,461 | ▲ 18% |
Key figures of Plantin 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 Plantin Development?
What happened at Plantin Development in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 1.9 million. Source: NBB ↗
- Davy Demuynck became a director. NBB
- Sam Bordon became a director. NBB
- Adeline Simont stepped down as director. NBB
- BELGIAN LAND SA stepped down as director. NBB
- Adeline Simont became a director. NBB
- SCARFO SRL stepped down as director. NBB
- New establishment in Brussel. KBO
In short
From € 436,395 loss in 2022 to € 1.9 million loss in 2025.
Paid € 26,500 in corporate taxes since 2022.
Management
The stake of BELGIAN LAND comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
Plantin DevelopmentBehind Plantin Development are Davy Demuynck and Sam Bordon. The shares are held by BELGIAN LAND (100%).
Directors
According to the 2025 annual accounts
Davy Demuynck
Director
since 2026
Sam Bordon
Director
since 2026
Adeline Simont
Director
Also active at: ANDEL, BELGIAN LAND, Belgian Land Properties, GLIDA IMMO, SEB Development, Sources Development, LES COLLINES DE WAVRE, Bassem Certificates +1 more
since 2025 · until 2026
Manager · represented by André Marie Pierre BOSMANS
Also active at: PRE DE LA PERCHE CONSTRUCTION, SEB Development, Sources Development
since 2016 · until 2026
Manager · represented by Emilie Jehanne Marthe Ré ROUSSEAUX
Also active at: SEB Development, Sources Development
since 2016 · until 2025
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Vredestraat 53
8790 Waregem
Lloyd Georgelaan 7
1000 Brussel
Active since 23 December 2016
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 73 companies are registered at this address.
All companies at this address →Van Eyck Residentie
€ 159,675 gross margin · 2025
RODEKRUISPLEIN
€ 45,360 gross margin · 2025
COBOS
DE NIEUWE KORTRIJKSE ZILVERSMEDERIJ
€ 325,000 revenue · 2025
SRB-invest
€ 2.1 million gross margin · 2022
+68 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
- 0668.433.532
- VAT number
- BE 0668.433.532
- Registered office
- Vredestraat 53, 8790 Waregem
- Names & denominations
- Plantin Development
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 23 December 2016
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen
Algemene bouw van kantoorgebouwen
Ontwikkeling van niet-residentiële bouwprojecten
Algemene bouw van residentiële gebouwen
Algemene bouw van andere niet-residentiële gebouwen
Ontwikkeling van residentiële bouwprojecten