Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Busy address KBO
73 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
Premier Development Fund 2 from Waregem, company number BE0699566968, closed financial year 2025 with a result of € 2.4 million after tax. Compared with financial year 2024, the result moved from € -730,183 to € 2.4 million. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on December 17, 2025.
€ 70.5 million
▲ 20% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 2.4 million
▲ still € 730,183 loss in 2024
Profit after tax over the fiscal year.
€ 4.2 million
▲ 60% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € -1.2 million.
Debts at end 2025
€ 28.1 million
▲ 22% vs 2024
Loans from banks and other lenders, long and short.
€ 585,101
▲ 13% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 105 days on average.
€ 107,151
▲ € 93,602 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 | € -1,548,801 | - | - | - | |
| Profit after taxes | € -593,229 | € 406,048 | € -730,183 | € 2,393,658 | ▲ € 3.1 million |
| Equity | € 35,918,465 | € 41,093,508 | € 58,572,215 | € 70,503,863 | ▲ 20% |
| Total debts | € 17,545,845 | € 21,340,400 | € 31,868,153 | € 37,304,276 | ▲ 17% |
| Cash | € 9,190,868 | € 2,570,569 | € 2,641,672 | € 4,223,782 | ▲ 60% |
| Retained profit | € -3,224,455 | € -2,818,407 | € -3,548,590 | € -1,154,932 | ▲ € 2.4 million |
| Bank debt | € 14,121,180 | € 16,165,035 | € 22,964,835 | € 28,056,555 | ▲ 22% |
| Balance sheet total | € 53,464,310 | € 62,433,908 | € 90,440,367 | € 107,808,139 | ▲ 19% |
Key figures of Premier Development Fund 2, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.
What happened to Premier Development Fund 2?
What happened at Premier Development Fund 2 in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- High 5 Investments BV stepped down as director. NBB
- Gil Malysse stepped down as director. NBB
- Cornelia Cok stepped down as director. NBB
- Lupus AM BV stepped down as director. NBB
- Davy DEMUYNCK stepped down as director. NBB
- Mark Hillewaere stepped down as director. NBB
- Kristof VANFLETEREN stepped down as director. NBB
- Sakolaki NV stepped down as director. NBB
In short
From € 593,230 loss in 2022 to € 2.4 million profit in 2025.
Paid € 157,598 in corporate taxes since 2022.
Best year ever: 2025, with € 2.4 million profit.
Pays suppliers within 105 days on average.
Management
The stake of BELFIUS IMMO, SAKOLAKI comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
Premier Development Fund 2The shares are held by BELFIUS IMMO (15%) and SAKOLAKI (13.8%). It owns 100% of SDRE Invest NV, 100% of Capronnier Invest NV, 100% of PDF 2 Project NV, 100% of BOLT SARL, 100% of Victor Investments SARL and 100% of Rodekruisplein BV itself.
Directors
According to the 2025 annual accounts
Director · represented by Dirk MERTENS
Also active at: RODEKRUISPLEIN, Nieuw-Land, Nieuw-Construct, De Tolhuizen Galgenberg, SDRE INVEST, PDF 2 PROJECT, PDF 2 Construct, PDF 2 Invest +5 more
since 2024 · until 2030
Gil Malysse
Director
since 2024 · until 2030
Cornelia Cok
Director
Also active at: REC VI, Immobiliën Bureau Interinvest, NORBERTUS, SUMMA, PROFIFO, ERMICO, REC XIX, RBD I +8 more
since 2024 · until 2030
since 2024 · until 2030
Davy DEMUYNCK
Director
Also active at: NATIONALE IMMOBILIENVENNOOTSCHAP VAN HET BOUWBEDRIJF, DECAT Energy Technics, RODEKRUISPLEIN, COBOS, IMMOCOBEL, DE NIEUWE KORTRIJKSE ZILVERSMEDERIJ, ESPOSITO, RIKOTAL +133 more
since 2024 · until 2030
Mark Hillewaere
Director
Also active at: RODEKRUISPLEIN, SDRE INVEST, PDF 2 PROJECT, PDF 2 Construct, PDF 2 Invest, PDF 2 Land, Foncière Diegem, CAPRONNIER INVEST +2 more
since 2024 · until 2030
Kristof VANFLETEREN
Director
Also active at: NATIONALE IMMOBILIENVENNOOTSCHAP VAN HET BOUWBEDRIJF, DECAT Energy Technics, A’PEN, RODEKRUISPLEIN, COBOS, IMMOCOBEL, DE NIEUWE KORTRIJKSE ZILVERSMEDERIJ, ESPOSITO +139 more
since 2024 · until 2030
Director · represented by Dries BOSSUYT
Also active at: OLSTE, EXTERIOO ANTWERPEN EN LIMBURG, EXTERIOO WEST-VLAANDEREN EN WALLONIË, LEGIO PURCHASING HOME, Belgium Land & Property, FURNITURE OFFICES, SANITARY OFFICES, HEXAGON INVEST II +8 more
since 2024 · until 2030
Shareholders
15%
13.8%
Participations
100%
100%
100%
BOLT SARL
100%
Victor Investments SARL
100%
100%
100%
100%
90%
70%
70%
50%
50%
50%
50%
50%
Emely SARL
50%
50%
50%
50%
40%
40%
33.3%
Establishments
Establishment units
Physical locations of this company
Vredestraat 53
8790 Waregem
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 same network
€ 45,360 gross margin · 2025
COBOS same network
DE NIEUWE KORTRIJKSE ZILVERSMEDERIJ same network
€ 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
- 0699.566.968
- VAT number
- BE 0699.566.968
- Registered office
- Vredestraat 53, 8790 Waregem
- Names & denominations
- Premier Development Fund 2
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 3 July 2018
- Peppol
- Active · Active since 1 Jan 2001