Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 2.7 to 1.2.
Financials
Financial year 2025
BELGISCH-FRANSE ONTWIKKELINGSMAATSCHAPPIJ from Brussel, company number BE0724838042, closed financial year 2025 with a result of € 591,160 after tax. For that financial year BELGISCH-FRANSE ONTWIKKELINGSMAATSCHAPPIJ recorded a gross margin of € 1 million and equity of € 10.4 million. Compared with financial year 2024, the result moved from € 491,699 to € 591,160. 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 March 24, 2026.
€ 10.4 million
▲ 6% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 591,160
▲ 20% vs 2024
Profit after tax over the fiscal year.
€ 1.7 million
▲ € 1.3 million 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 € 10.3 million.
People and assets in 2025
1.2
▼ 1.4 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 87,416
▼ 55% vs 2024
€ 72,800 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.
Debts at end 2025
€ 1.6 million
▼ 11% vs 2024
€ 200,000 is repaid this year. At this pace the long-term loan is gone in ≈ 8 years.
€ 6,578
▼ 61% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 10,053
▼ 78% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 855,854 | € 963,817 | € 999,883 | € 1,039,204 | ▲ 4% |
| Profit after taxes | € 359,481 | € 359,266 | € 491,699 | € 591,160 | ▲ 20% |
| Equity | € 8,972,599 | € 9,331,865 | € 9,823,564 | € 10,414,723 | ▲ 6% |
| Total debts | € 8,207,402 | € 7,457,366 | € 6,742,803 | € 6,022,608 | ▼ 11% |
| Cash | € 805,681 | € 17,875 | € 423,592 | € 1,740,511 | ▲ € 1.3 million |
| Land & buildings | € 6,093,228 | € 5,648,293 | € 5,865,870 | € 5,468,698 | ▼ 7% |
| Retained profit | € 8,806,084 | € 9,167,069 | € 9,660,488 | € 10,253,368 | ▲ 6% |
| Bank debt | € 2,200,000 | € 2,000,000 | € 1,800,000 | € 1,600,000 | ▼ 11% |
| Balance sheet total | € 17,180,001 | € 16,789,231 | € 16,566,367 | € 16,437,331 | ▼ 1% |
| Employees (FTE) | 1.2 | 2.7 | 2.6 | 1.2 | ▼ 1.4 |
Key figures of BELGISCH-FRANSE ONTWIKKELINGSMAATSCHAPPIJ, 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 April 2027.
What happened to BELGISCH-FRANSE ONTWIKKELINGSMAATSCHAPPIJ?
What happened at BELGISCH-FRANSE ONTWIKKELINGSMAATSCHAPPIJ in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 591,160 (▲ 20% vs 2024). Source: NBB ↗
- New establishment in Brussel. KBO
- Start of the company according to the CBE. KBO
In short
From € 359,481 profit in 2022 to € 591,160 profit in 2025.
Paid € 585,355 in corporate taxes since 2022.
Best year ever: 2025, with € 591,160 profit.
On average € 866,000 of value added per employee in 2025.
Management
The stake of EUROPESE PARTICIPATIEMAATSCHAPPIJ, VALPIEHEMA comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
BELGISCH-FRANSE ONTWIKKELINGSMAATSCHAPPIJBehind BELGISCH-FRANSE ONTWIKKELINGSMAATSCHAPPIJ are J5S, Belgische Renovatiemaatschappij and Pieter Depoortere Management. The shares are held by EUROPESE PARTICIPATIEMAATSCHAPPIJ (100%) and VALPIEHEMA (17.5%). It owns 99.8% of Immo DL Invest, 25% of Real Estate Support Services and 10% of Creadomus Projectontwikkeling itself.
Directors
According to the 2025 annual accounts
Director · represented by Jonathan Debucquoy
Also active at: KENNEDY HOTEL, KOBELMA, JURES, Exploitatiemaatschappij IW, UNIBRICKS, BRICKS & LEISURE VASTGOED, EUROPEAN REAL ESTATE - INVESTMENTS, BOUWADVIES EN -COÖRDINATIE +25 more
Belgische Renovatiemaatschappij
Director · represented by Jochen Debucquoy
Also active at: KENNEDY HOTEL, KOBELMA, Exploitatiemaatschappij IW, BOUWADVIES EN -COÖRDINATIE, EXPLOITATIEMAATSCHAPPIJ ROTATIEPARKING BLANKENBERGE, Real Estate Support Services, EXPLOITATIEMAATSCHAPPIJ ISK, CREADOMUS PROJECTONTWIKKELING +7 more
Director · represented by Pieter Depoortere
Also active at: KENNEDY HOTEL, KOBELMA, Exploitatiemaatschappij IW, EXPLOITATIEMAATSCHAPPIJ ROTATIEPARKING BLANKENBERGE, Real Estate Support Services, EXPLOITATIEMAATSCHAPPIJ ISK, CREADOMUS PROJECTONTWIKKELING, EUROPESE PARTICIPATIEMAATSCHAPPIJ +9 more
Shareholders
17.5%
Participations
Establishments
Establishment units
Physical locations of this company
Kunstlaan 56
1000 Brussel
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0724.838.042
- VAT number
- BE 0724.838.042
- Registered office
- Kunstlaan 56, 1000 Brussel
- Names & denominations
- BELGISCH-FRANSE ONTWIKKELINGSMAATSCHAPPIJ · BELFROMA
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 12 April 2019
- Peppol
- Active · Active since 27 Mar 2026
- Activities · NACE
Activiteiten van holdings
Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen
Holdings
Handel in eigen onroerend goed
Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen
Administratieve en ondersteunende activiteiten ten behoeve van kantoren