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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Tight liquidity NBB
Cash and receivables cover 30 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
28 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
OSTEND DEVELOPMENT COMPANY from Brugge, company number BE0677842235, closed financial year 2025 with a result of € 978,986 after tax. For that financial year OSTEND DEVELOPMENT COMPANY recorded a gross margin of € 1.3 million and equity of € 1.2 million. Compared with financial year 2024, the result moved from € 446,498 to € 978,986. Profitable, and profit is growing. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on May 14, 2026.
€ 1.2 million
▲ 148% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 978,986
▲ 119% vs 2024
Profit after tax over the fiscal year.
€ 39,940
▼ 79% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 240,000 paid out
25 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
€ 62,469
▼ 5% vs 2024
Of which on lease € 62,469.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 402,331
▼ 59% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 51,476
▲ € 45,790 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 | € 86,722 | € 156,819 | € 641,732 | € 1,286,348 | ▲ 100% |
| Profit after taxes | € 50,335 | € 74,495 | € 446,498 | € 978,986 | ▲ 119% |
| Equity | € 117,651 | € 174,146 | € 500,644 | € 1,239,630 | ▲ 148% |
| Total debts | € 8,932,820 | € 13,112,265 | € 12,699,458 | € 10,411,964 | ▼ 18% |
| Cash | € 171,300 | € 155,156 | € 188,790 | € 39,940 | ▼ 79% |
| Retained profit | € 56,151 | € 112,646 | € 439,144 | € 1,178,130 | ▲ 168% |
| Dividend | € 0 | € 18,000 | € 120,000 | € 240,000 | ▲ 100% |
| Balance sheet total | € 9,050,471 | € 13,286,411 | € 13,200,102 | € 11,651,594 | ▼ 12% |
Key figures of OSTEND DEVELOPMENT COMPANY, 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 OSTEND DEVELOPMENT COMPANY?
What happened at OSTEND DEVELOPMENT COMPANY in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Gromabel NV stepped down as director. NBB
- Las Brisas NV stepped down as director. NBB
- ALYSEE PROJECTONTWIKKELING BV stepped down as director. NBB
- Coastal Sales Company BV stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 978,986 (▲ 119% vs 2024). Source: NBB ↗
- Gromabel NV became a director. NBB
- Las Brisas NV became a director. NBB
- ALYSEE PROJECTONTWIKKELING BV became a director. NBB
In short
From € 50,335 profit in 2022 to € 978,986 profit in 2025.
Paid € 398,438 in corporate taxes since 2022.
Best year ever: 2025, with € 978,986 profit.
Paid out € 378,000 in dividends to the owners in total.
Management
Directors
According to the 2025 annual accounts
Director · represented by Thomas Persyn
Also active at: JOYCE INVEST, Secured By Bricks, Bricks & Support, BLANKENBERGE DEVELOPMENT COMPANY, BRUSSELS DEVELOPMENT COMPANY, EXCELSIOR IC, Belgian Coast Hotels, Alysee Projectontwikkeling +2 more
since 2022 · until 2028
Director · represented by Michaël Ghyselinck
Also active at: JOYCE INVEST, Secured By Bricks, BLANKENBERGE DEVELOPMENT COMPANY
since 2022 · until 2028
Director · represented by Aline Verbeke
Also active at: Industrie hotelière et immobilière, Seagull Decor, JOYCE INVEST, ZEEZICHT, ARCHIMEDES OOSTENDE, BLANKENBERGE DEVELOPMENT COMPANY, Las Brisas, European Lease and Finance Company
since 2023 · until 2029
Managing director · represented by Joachim Debucquoy
Also active at: Kortrijkse Vinologische Club, JOYCE INVEST, ARCHIMEDES OOSTENDE, HOLIDAY SUITES INTERNATIONAL, BLANKENBERGE DEVELOPMENT COMPANY, BRUSSELS DEVELOPMENT COMPANY, EXCELSIOR IC, Las Brisas +2 more
since 2022 · until 2028
Establishments
Establishment units
Physical locations of this company
Monnikenwerve 17-19
8000 Brugge
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 28 companies are registered at this address.
All companies at this address →EXPLOITATIEMAATSCHAPPIJ MO
€ 1.5 million gross margin · 2025
DORMA HUPPE
SOFIEC
JOYCE INVEST same network
€ 624,614 gross margin · 2025
LIBERAAL VERBOND VOOR ZELFSTANDIGEN - TREFPUNT BRUGGE
+23 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
- 0677.842.235
- VAT number
- BE 0677.842.235
- Registered office
- Monnikenwerve 17-19, 8000 Brugge
- Names & denominations
- OSTEND DEVELOPMENT COMPANY · ODC
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 3 July 2017
- Peppol
- Active · Active since 21 Oct 2026
- Activities · NACE
Ontwikkeling van residentiële bouwprojecten
Verhuur en exploitatie van sociale woningen
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen
Ontwikkeling van niet-residentiële bouwprojecten
Handel in eigen onroerend goed