Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
-
Tight liquidity NBB
Cash and receivables cover 0 % of short-term debt in 2025; threshold 65 %.
-
Busy address KBO
80 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
NRW DÉVELOPPEMENT SA from La Hulpe, company number BE0750666271, closed financial year 2025 with a result of € -3.3 million after tax. For that financial year NRW DÉVELOPPEMENT SA recorded revenue of € 0 and equity of € -15.9 million. Compared with financial year 2024, the result moved from € -69,197 to € -3.3 million. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on March 27, 2026.
€ -15.9 million
▼ € 3.3 million vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -3.3 million
▼ 4722 % more loss than in 2024
Profit after tax over the fiscal year.
€ 4,373
▲ 101% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -16 million.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 741,241
▼ 53% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 360 days on average.
Want to see how much further we take a dossier in the Pro version? Open the free De Lijn example and give feedback →
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Profit after taxes | € -60,622 | € -12,381,059 | € -69,197 | € -3,336,527 | ▼ € 3.3 million |
| Equity | € -102,841 | € -12,483,900 | € -12,553,098 | € -15,889,625 | ▼ € 3.3 million |
| Total debts | € 29,646,194 | € 34,269,963 | € 36,914,018 | € 38,170,589 | ▲ 3% |
| Cash | € 6,428 | € 2,154 | € 2,179 | € 4,373 | ▲ 101% |
| Retained profit | € -202,841 | € -12,583,900 | € -12,653,098 | € -15,989,625 | ▼ € 3.3 million |
| Balance sheet total | € 29,543,353 | € 21,786,063 | € 24,360,921 | € 22,280,964 | ▼ 9% |
Key figures of NRW DÉVELOPPEMENT SA, 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 NRW DÉVELOPPEMENT SA?
What happened at NRW DÉVELOPPEMENT SA in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- ATENOR stepped down as director. NBB
- Laurent COLLIER stepped down as director. NBB
- CAROLINE VANDERSTRAETEN stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 3.3 million. Source: NBB ↗
- ATENOR became a director. NBB
- CAROLINE VANDERSTRAETEN became a director. NBB
- Laurent COLLIER became a director. NBB
- New establishment in La Hulpe. KBO
In short
From € 60,622 loss in 2022 to € 3.3 million loss in 2025.
A new publication or filing at NRW DÉVELOPPEMENT SA? We notify you, reason included.
Follow NRW DÉVELOPPEMENT SADatabakkes Pro
Know what changes at your customers, suppliers and competitors. Without reading an annual account.
- Follow them in one folder Every company in your folder gets this full dossier: household book, all fiscal years, benchmark against companies of the same size.
- We alert you, with the reason New annual account, Official Gazette publication or status change: you get what changed and where it says so.
- In bulk too, and in ChatGPT and Claude Upload your customer list and get the warning signs back per company. Or ask in your own AI assistant, with this register as the source.
Databakkes Pro is being built. Sign up now and you are first in line for an invitation, with a month to try without a credit card.
De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The shares are held by ATENOR (90%) and ATENOR GROUP PARTICIPATIONS (10%).
Directors
According to the 2025 annual accounts
Director · represented by STEPHAN SONNEVILLE
Owns 10% via ATENOR GROUP PARTICIPATIONS
Also active at: ATENOR TOOLS COMPANY, HEXATEN, REST ISLAND, THE ONE ESTATE, Atenor Long Term Growth, Wehrhahn Estate, SOAP HOUSE SA, HIGHLINE BRUSSELS SA +3 more
since 2024 · until 2027
Laurent COLLIER
Director
Also active at: ATENOR TOOLS COMPANY, Immobilière de la Petite Ile, HEXATEN, ATENOR GROUP INVESTMENTS, REST ISLAND, THE ONE ESTATE, Atenor Long Term Growth, Wehrhahn Estate +6 more
since 2024 · until 2027
CAROLINE VANDERSTRAETEN
Director
Also active at: ATENOR TOOLS COMPANY, Immobilière de la Petite Ile, HEXATEN, REST ISLAND, THE ONE ESTATE, Atenor Long Term Growth, Wehrhahn Estate, CONSTRUCTEUR DES BERGES +5 more
since 2024 · until 2027
Shareholders
90%
ATENOR GROUP PARTICIPATIONS · holding of ATENOR
10%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Avenue Reine Astrid 92
1310 La Hulpe
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 80 companies are registered at this address.
All companies at this address →ATENOR TOOLS COMPANY same network
€ 10,500 revenue · 2025
Immobilière de la Petite Ile same network
€ 58.7 million revenue · 2025
ATENOR same network
€ 6.2 million revenue · 2025
FIMMAC
€ -8,265 gross margin · 2025
SOCIETE D'INVESTISSEMENTS, DE GESTION ET D'ORGANISATION
€ 62,322 gross margin · 2023
+75 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
- 0750.666.271
- VAT number
- BE 0750.666.271
- Registered office
- Avenue Reine Astrid 92, 1310 La Hulpe
- Names & denominations
- NRW DÉVELOPPEMENT SA
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 14 July 2020
- Peppol
- Active · Active since 27 Mar 2026
- Activities · NACE
Ontwikkeling van residentiële bouwprojecten
Ontwikkeling van niet-residentiële bouwprojecten