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 44 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
26 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
DENDER DEVELOPMENT II from Waregem, company number BE0674897096, closed financial year 2025 with a result of € -727,406 after tax. For that financial year DENDER DEVELOPMENT II recorded a gross margin of € -523,767 and equity of € -875,379. Compared with financial year 2024, the result moved from € -464,725 to € -727,406. 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 3, 2026.
€ -875,379
▼ € 727,406 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -727,406
▼ 57 % more loss than in 2024
Profit after tax over the fiscal year.
€ 1 million
▼ 33% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -4.9 million.
Debts at end 2025
€ 6.2 million
▼ 15% vs 2024
€ 2.5 million is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 65,329
▼ 52% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 167,630
▲ 109% 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 | |
|---|---|---|---|---|---|
| Gross margin | € -674,094 | € 1,805,201 | € -75,297 | € -523,767 | ▼ € 448,470 |
| Profit after taxes | € -999,091 | € 1,355,158 | € -464,725 | € -727,406 | ▼ € 262,681 |
| Equity | € -5,038,406 | € -3,683,249 | € -147,973 | € -875,379 | ▼ € 727,406 |
| Total debts | € 15,825,449 | € 12,335,414 | € 7,457,654 | € 6,409,965 | ▼ 14% |
| Cash | € 3,505,516 | € 1,711,825 | € 1,554,509 | € 1,046,142 | ▼ 33% |
| Retained profit | € -5,057,006 | € -3,701,849 | € -4,166,573 | € -4,893,979 | ▼ € 727,406 |
| Bank debt | € 12,639,014 | € 11,788,869 | € 7,242,023 | € 6,177,006 | ▼ 15% |
| Balance sheet total | € 10,787,043 | € 8,652,165 | € 7,309,681 | € 5,534,586 | ▼ 24% |
Key figures of DENDER DEVELOPMENT II, 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 DENDER DEVELOPMENT II?
What happened at DENDER DEVELOPMENT II in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 727,406. Source: NBB ↗
- Fortjen BV became a director. NBB
- RisasoN BV became a director. NBB
- RE-VIVE NV became a director. NBB
- Re-Vive Brownfield Fund II NV became a director. NBB
- New establishment in Waregem. KBO
- Start of the company according to the CBE. KBO
In short
From € 999,091 loss in 2022 to € 727,406 loss in 2025.
Paid € 67,723 in corporate taxes since 2022.
Best year ever: 2023, with € 1.4 million profit.
Management
The stake of Re-Vive Brownfield Fund II, MAATSCHAPPIJ TOT EXPLOITATIE VAN IMMOBILIEN comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
DENDER DEVELOPMENT IIBehind DENDER DEVELOPMENT II are Fortjen BV, RisasoN BV, RE-VIVE NV and Re-Vive Brownfield Fund II NV. The shares are held by Re-Vive Brownfield Fund II (50%) and MAATSCHAPPIJ TOT EXPLOITATIE VAN IMMOBILIEN (50%).
Directors
According to the 2025 annual accounts
Director · represented by Frederik Van Damme
Also active at: MATEXI WEST-VLAANDEREN, Matexi Oost-Vlaanderen, ONTWIKKELINGSMAATSCHAPPIJ HOOGLATEM, Leopoldskazerne, Ontwikkelingsmaatschappij Leopoldskazerne, MATEXI PROJECTS, DENDER LAND, DENDER DEVELOPMENT +2 more
since 2024
Director · represented by Rik Neckebroeck
Also active at: Antwerp Tower, TRADIPLAN, Immo - Vilvo, GALERIE DES CARMES, B&M, MATEXI IMMO INVEST, MATEXI CITY DEVELOPMENT, MATEXI REAL ESTATE FINANCE +46 more
since 2024
Director · represented by Alexandre Huyghe
Also active at: ROEMMO INVEST, IMMOMENCH, WATT FACTORY, THE GOOD LIFE DEVELOPMENT FUND, THE GOOD LIFE INVESTMENT FUND, GDANSK DEVELOPMENT HOLDING, Good Life Ekla, RE2 +3 more
since 2024
Director · represented by Nicolas Bearelle
Also active at: RE-VIVE LAND II, RE-VIVE CASTELIJM, GENTBRUGGE KERKSTRAAT DEVELOPMENT, RE-VIVE STERRENSTRAAT DEVELOPMENT, RE-VIVE STERRENSTRAAT LAND, RE-VIVE ZORRO LAND, RE-VIVE ZORRO DEVELOPMENT, RE-VIVE MINERVA LAND +7 more
since 2024
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Franklin Rooseveltlaan 180
8790 Waregem
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 26 companies are registered at this address.
All companies at this address →MAATSCHAPPIJ TOT EXPLOITATIE VAN IMMOBILIEN same network
€ 28.3 million revenue · 2025
Antwerp Tower same network
€ 51,569 gross margin · 2025
TRADIPLAN same network
€ -68,909 gross margin · 2025
DE BURKEL
€ -3,110 gross margin · 2024
GALERIE DES CARMES same network
€ -113,947 gross margin · 2025
+21 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
- 0674.897.096
- VAT number
- BE 0674.897.096
- Registered office
- Franklin Rooseveltlaan 180, 8790 Waregem
- Names & denominations
- DENDER DEVELOPMENT II
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 27 April 2017
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
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