Financials
Financial year 2024
Worth noting
- More debts than assets in the latest financial year.
- A loss two years in a row.
- Little cash and receivables against the short-term debts.
Gross margin
€ 27,950
▼ 89% vs 2023
Profit
Caution€ -439,234
▼ 50% vs 2023
Debts
High€ 5.2 million
MOTOWN DEVELOPMENT from Elsene, company number BE0670620584, closed financial year 2024 with a result of € -439,234 after tax. For that financial year MOTOWN DEVELOPMENT recorded a gross margin of € 27,950 and equity of € -4.8 million. Compared with financial year 2023, the result moved from € -292,513 to € -439,234. 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 August 29, 2025.
What happened at MOTOWN DEVELOPMENT?
What happened at MOTOWN DEVELOPMENT in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: loss of € 439,234. filed late Source: NBB ↗
- New establishment in Elsene. KBO
- Start of the company according to the CBE. KBO
In short
From € 1.7 million loss in 2021 to € 439,234 loss in 2024.
Paid € 6,200 in corporate taxes since 2021.
On average € 14,000 of value added per employee in 2024.
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History
Every financial year, as far back as the National Bank goes.
Buffer
How long does the company survive without income?
Credit limit
Indicative credit limit, computed from the real figures.
Alerts
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Management
Behind MOTOWN DEVELOPMENT is GLH SRL. GLH SRL is also behind Motown Thines, MOTOWN MIROIR, MOTOWN DINANT, SOCIETE BRUXELLOISE DE PARTICIPATION IMMOBILIERE and MOTOWN KANAAL LAND.
Directors
According to the 2024 annual accounts
Director · represented by Lionel HEPNER
Also active at: Motown Thines, MOTOWN MIROIR, MOTOWN DINANT +13 more
Establishments
Establishment units
Physical locations of this company
Louizalaan 489
1050 Elsene
Louizalaan 375 box 7
1050 Elsene
Active since 1 February 2017
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 79 companies are registered at this address.
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Details
- Company number
- 0670.620.584
- VAT number
- BE 0670.620.584
- Registered office
- Louizalaan 489, 1050 Elsene
- Names & denominations
- MOTOWN DEVELOPMENT
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 1 February 2017
- Peppol
- Active · Active since 22 Dec 2025
- Activities · NACE
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