Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 22 % of short-term debt in 2025; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 1 to 0.
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Busy address KBO
28 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
BRUSSELS DEVELOPMENT COMPANY from Brugge, company number BE0735665519, closed financial year 2025 with a result of € 338,641 after tax. For that financial year BRUSSELS DEVELOPMENT COMPANY recorded a gross margin of € 981,006 and equity of € 569,684. Compared with financial year 2024, the result moved from € 513,800 to € 338,641. The company is profitable. 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.
€ 569,684
▲ 92% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 338,641
▼ 34% vs 2024
Profit after tax over the fiscal year.
€ 7,066
▼ 99% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 65,000 paid out
19 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
0
▼ 0.8 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1,352
▼ 97% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 1.9 million
▲ € 1.9 million vs 2024
Of which on lease € 1.9 million.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 2.5 million
▼ 56% vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | - | - | € 33,882,795 | - | |
| Gross margin | € -63,184 | € -132,070 | - | € 981,006 | |
| Profit after taxes | € -114,777 | € -268,285 | € 513,800 | € 338,641 | ▼ 34% |
| Equity | € 50,528 | € -217,757 | € 296,043 | € 569,684 | ▲ 92% |
| Total debts | € 14,504,942 | € 25,854,737 | € 8,624,972 | € 7,850,951 | ▼ 9% |
| Cash | € 2,104,846 | € 1,927,676 | € 755,528 | € 7,066 | ▼ 99% |
| Retained profit | € -199,472 | € -467,757 | € 46,043 | € 319,684 | ▲ € 273,641 |
| Dividend | € 0 | € 0 | € 0 | € 65,000 | |
| Balance sheet total | € 14,555,469 | € 25,636,980 | € 8,921,015 | € 8,420,635 | ▼ 6% |
| Employees (FTE) | - | 1 | 0.8 | 0 | ▼ 0.8 |
Key figures of BRUSSELS 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 BRUSSELS DEVELOPMENT COMPANY?
What happened at BRUSSELS DEVELOPMENT COMPANY in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- ABZ BV stepped down as director. NBB
- NV Las Brisas stepped down as director. NBB
- Michiel Deman stepped down as director. NBB
- NV ELFC stepped down as director. NBB
- Coastal Sales Company stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 338,641 (▼ 34% vs 2024). Source: NBB ↗
- ABZ BV became a director. NBB
- NV Las Brisas became a director. NBB
In short
From € 114,777 loss in 2022 to € 338,641 profit in 2025.
Paid € 147,927 in corporate taxes since 2022.
Best year ever: 2024, with € 513,800 profit.
Paid out € 65,000 in dividends to the owners in total.
Management
The stake of Las Brisas, European Lease and Finance Company comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
BRUSSELS DEVELOPMENT COMPANYThe shares are held by Las Brisas (42.5%) and European Lease and Finance Company (36.5%).
Directors
According to the 2025 annual accounts
since 2022 · until 2028
Director · represented by Aline Verbeke
Also active at: JOYCE INVEST, Secured By Bricks, Bricks & Support, OSTEND DEVELOPMENT COMPANY, BLANKENBERGE DEVELOPMENT COMPANY, EXCELSIOR IC, Belgian Coast Hotels, Alysee Projectontwikkeling +2 more
since 2022 · until 2028
since 2022 · until 2028
Director · represented by Thomas Persyn
Also active at: Bricks & Support, EXCELSIOR IC, Alysee Projectontwikkeling
since 2022 · until 2028
Managing director · represented by Joachim Debucquoy
Also active at: Kortrijkse Vinologische Club, JOYCE INVEST, ARCHIMEDES OOSTENDE, HOLIDAY SUITES INTERNATIONAL, OSTEND DEVELOPMENT COMPANY, BLANKENBERGE DEVELOPMENT COMPANY, EXCELSIOR IC, Las Brisas +2 more
since 2022 · until 2028
Shareholders
42.5%
Participations
No participations in other companies reported.
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.
Website
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Microsoft 365
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Website info
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Network
Details
- Company number
- 0735.665.519
- VAT number
- BE 0735.665.519
- Registered office
- Monnikenwerve 17-19, 8000 Brugge
- Names & denominations
- BRUSSELS DEVELOPMENT COMPANY · BRU.DC · Fjord
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 3 October 2019
- Peppol
- Active · Active since 21 Oct 2026
- Contact
- fjordred.be
- Activities · NACE
Ontwikkeling van residentiële bouwprojecten
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