Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
-
Tight liquidity NBB
Cash and receivables cover 44 % of short-term debt in 2025; threshold 65 %.
-
Busy address KBO
25 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
Waterfront Development Company from Watermaal-Bosvoorde, company number BE0745405408, closed financial year 2025 with a result of € -43,336 after tax. For that financial year Waterfront Development Company recorded a gross margin of € -43,696 and equity of € 842,339. Compared with financial year 2024, the result moved from € -90,647 to € -43,336. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on June 25, 2026.
€ 842,339
▼ 5% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -43,336
▲ 52 % less loss than in 2024
Profit after tax over the fiscal year.
€ 8,372
▼ 42% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 742,339.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 56,222
▲ 4% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 612
▲ 46% 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 | € -69,145 | € 1,929,313 | € -90,817 | € -43,696 | ▲ € 47,121 |
| Profit after taxes | € -71,603 | € 1,726,173 | € -90,647 | € -43,336 | ▲ € 47,311 |
| Equity | € -149,850 | € 976,323 | € 885,675 | € 842,339 | ▼ 5% |
| Total debts | € 9,663,361 | € 2,529,082 | € 303,251 | € 325,898 | ▲ 7% |
| Cash | € 3,234 | € 5,027 | € 14,465 | € 8,372 | ▼ 42% |
| Retained profit | € -249,850 | € 876,323 | € 785,675 | € 742,339 | ▼ 6% |
| Dividend | € 0 | € 600,000 | € 0 | € 0 | |
| Balance sheet total | € 9,513,511 | € 3,505,405 | € 1,188,927 | € 1,168,237 | ▼ 2% |
| Employees (FTE) | 0.2 | - | - | - |
Key figures of Waterfront 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 Waterfront Development Company?
What happened at Waterfront Development Company in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- UNIBRICKS BV stepped down as director. NBB
- J5S BV stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 43,336. Source: NBB ↗
- UNIBRICKS BV became a director. NBB
- J5S BV became a director. NBB
- New establishment in Gent. KBO
- Start of the company according to the CBE. KBO
In short
From € 71,603 loss in 2022 to € 43,336 loss in 2025.
Paid € 294,397 in corporate taxes since 2022.
Best year ever: 2023, with € 1.7 million profit.
Paid out € 600,000 in dividends to the owners in total.
Management
The stake of UNIBRICKS comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
Waterfront Development CompanyThe shares are held by UNIBRICKS (100%).
Directors
According to the 2025 annual accounts
Director · represented by Lecluse THOMAS
Also active at: BRICKS & LEISURE VASTGOED, BRICKS FINANCIAL SERVICES, Bricks & Leisure Projectontwikkeling, EXPLOITATIEMAATSCHAPPIJ IBJ, Exploitatiemaatschappij MHSL, Atratus, European Realty Company, DVG Development +7 more
since 2024 · until 2031
Director · represented by Debucquoy JONATHAN
Also active at: KENNEDY HOTEL, KOBELMA, JURES, Exploitatiemaatschappij IW, UNIBRICKS, BRICKS & LEISURE VASTGOED, EUROPEAN REAL ESTATE - INVESTMENTS, BOUWADVIES EN -COÖRDINATIE +25 more
since 2024 · until 2031
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Terhulpsesteenweg 177 box 5
1170 Watermaal-Bosvoorde
Pieter Brueghellaan 1
9051 Gent
Active since 13 March 2020
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 25 companies are registered at this address.
All companies at this address →Euroconseils
€ -776 gross margin · 2025
Chanic
€ 126,443 gross margin · 2025
VISHA
€ 164,650 gross margin · 2025
International Beverages Corporation
Pro Familia
+20 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
- 0745.405.408
- VAT number
- BE 0745.405.408
- Registered office
- Terhulpsesteenweg 177 bus 5, 1170 Watermaal-Bosvoorde
- Names & denominations
- Waterfront Development Company · Wadecom
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 13 March 2020
- Peppol
- Active · Active since 21 Oct 2026
- Activities · NACE
Bemiddeling in verband met exploitatie van en handel in onroerend goed
Bemiddeling bij de aankoop, verkoop en verhuur van onroerend goed voor een vast bedrag of op contractbasis
Overige fiscale dienstverlening
Boekhouders en boekhouders-fiscalisten