Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
-
Two loss years in a row NBB
Negative result in 2023 and 2024.
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Tight liquidity NBB
Cash and receivables cover 11 % of short-term debt in 2024; threshold 65 %.
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Busy address KBO
79 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2024
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.
€ -4.8 million
▼ € 440,732 vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -439,234
▼ 50 % more loss than in 2023
Profit after tax over the fiscal year.
€ 93,429
▲ 15% vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -4.8 million.
People and assets in 2024
2
Average over the fiscal year, from the social balance sheet.
€ 146,055
▲ 2% vs 2023
€ 73,000 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.
€ 9,997
▼ 44% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
€ 5 million
▲ 1% vs 2023
€ 938,040 is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 87,451
▼ 38% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 62,459
▲ 89% vs 2023
Taxes, VAT and social contributions still to pay.
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| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € -1,419,670 | € -341,478 | € 250,119 | € 27,950 | ▼ 89% |
| Profit after taxes | € -1,737,123 | € -650,991 | € -292,513 | € -439,234 | ▼ € 146,721 |
| Equity | € -3,392,645 | € -4,037,645 | € -4,331,656 | € -4,772,388 | ▼ € 440,732 |
| Total debts | € 4,484,846 | € 5,011,599 | € 5,154,200 | € 5,159,053 | |
| Cash | € 62,529 | € 50,323 | € 81,032 | € 93,429 | ▲ 15% |
| Retained profit | € -3,411,245 | € -4,062,235 | € -4,354,749 | € -4,793,983 | ▼ € 439,234 |
| Bank debt | € 4,344,165 | € 4,923,392 | € 4,976,191 | € 5,005,938 | ▲ 1% |
| Balance sheet total | € 1,092,201 | € 975,950 | € 824,042 | € 387,664 | ▼ 53% |
| Employees (FTE) | - | - | - | 2 |
Key figures of MOTOWN 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 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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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
The stake of MOTOWN REAL ESTATE HOLDING, CRAYER PARTICIPATIONS comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
MOTOWN DEVELOPMENTBehind MOTOWN DEVELOPMENT is GLH SRL. The shares are held by MOTOWN REAL ESTATE HOLDING (100%) and CRAYER PARTICIPATIONS (5%).
Directors
According to the 2024 annual accounts
Director · represented by Lionel HEPNER
Also active at: Motown Thines, MOTOWN MIROIR, MOTOWN DINANT, SOCIETE BRUXELLOISE DE PARTICIPATION IMMOBILIERE, MOTOWN KANAAL LAND, MOTOWN PROJECT HOLDING, MOTOWN PARC, MOTOWN SCHOTEN INVEST +8 more
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Louizalaan 489
1050 Elsene
Louizalaan 375 box 7
1050 Elsene
Active since 1 February 2017
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 79 companies are registered at this address.
All companies at this address →Editions Commerciales et Industrielles
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What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
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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