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.
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Busy address KBO
53 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
Downtown Development from Brussel, company number BE0776834002, closed financial year 2025 with a result of € -502,995 after tax. For that financial year Downtown Development recorded a gross margin of € 112,992 and equity of € 1.6 million. Compared with financial year 2024, the result moved from € -250,177 to € -502,995. The company made a loss. The company holds a healthy buffer. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on June 30, 2026.
€ 1.6 million
▼ 24% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -502,995
▼ 101 % more loss than in 2024
Profit after tax over the fiscal year.
€ 2.2 million
▲ 6% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 1.3 million.
People and assets in 2025
0.8
▼ 0.2 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 103,905
▲ 53% 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.
€ 6,673
▼ 30% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 8.5 million
Loans from banks and other lenders, long and short.
€ 198,532
▼ 46% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 34,684
▲ 276% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 13,910 | € 250,302 | € -145,729 | € 112,992 | ▲ € 258,721 |
| Profit after taxes | € -31,332 | € 2,589,955 | € -250,177 | € -502,995 | ▼ € 252,818 |
| Equity | € 218,668 | € 2,808,623 | € 2,073,172 | € 1,570,176 | ▼ 24% |
| Total debts | € 768,441 | € 9,504,936 | € 9,902,118 | € 10,258,373 | ▲ 4% |
| Cash | € 130,609 | € 2,825,490 | € 2,099,876 | € 2,224,968 | ▲ 6% |
| Retained profit | € -31,332 | € 2,558,623 | € 1,823,172 | € 1,320,176 | ▼ 28% |
| Bank debt | € 0 | € 8,500,000 | € 8,500,000 | € 8,500,000 | |
| Balance sheet total | € 987,109 | € 12,313,560 | € 11,975,289 | € 11,828,549 | ▼ 1% |
| Employees (FTE) | - | 1 | 1 | 0.8 | ▼ 0.2 |
Key figures of Downtown Development, 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 Downtown Development?
What happened at Downtown Development in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 502,995. Source: NBB ↗
- Clipstone CommV became a director. NBB
- Cinqo NV became a director. NBB
- Vibel BV became a director. NBB
- Ticaconsult BV became a director. NBB
- New establishment in Elsene. KBO
- Start of the company according to the CBE. KBO
- Green Mill BV became a director. NBB
In short
From € 31,332 loss in 2022 to € 502,995 loss in 2025.
Best year ever: 2023, with € 2.6 million profit.
On average € 250,300 of value added per employee in 2023.
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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 stake of STRACO REAL ESTATE DEVELOPMENT, Downtown Real Estate comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
Downtown DevelopmentBehind Downtown Development are Cinqo NV, Green Mill BV, Vibel BV, Astus BV, Clipstone CommV and Ticaconsult BV. The shares are held by STRACO REAL ESTATE DEVELOPMENT (35%) and Downtown Real Estate (32.5%). It owns 35% of Andes and 35% of CNTR Holding itself.
Directors
According to the 2025 annual accounts
Director · represented by De Quinnemar Nicolas
Also active at: NEDCO, PATIGNY, Verheyden, F.I.M., ATHMOS CAPITAL, 3SAG, BLACK PANTHER, ACCONSTRUCT, CNTR Holding
since 2023
Managing director · represented by De Kuyper Jan
Also active at: Downtown Real Estate, VICTORIA REGINA, Victoria Regina Holding, Victoria Hotel Opco, Victoria Co-working Opco, Le Corumont, RAC TIENEN, CNTR Holding +7 more
since 2021
Director · represented by De Villegas De Clercamp Carl-Philip
Also active at: NEDCO, TER DOENAERT, Immo V.V.L. Leuven, IMMOCOR, GILBO, LES FOUGERES, IMMOGRADA, VM Weggevoerdenlaan ComCo +44 more
since 2023
Managing director · represented by Steijns Alexandre
Also active at: Downtown Real Estate, VICTORIA REGINA, Victoria Regina Holding, Victoria Hotel Opco, Victoria Co-working Opco, RAC TIENEN, CNTR Holding, CNTR Tongeren +7 more
since 2021
Director · represented by Joris Werner
Also active at: CNTR Holding, CNTR Vilvoorde, CNTR Halle, CNTR Eeklo, CNTR Oudenaarde, CNTR Ath, CNTR La Louvière, CNTR Herentals
since 2023
Director · represented by Van Den Eynden Erik
Also active at: NEDCO, Immo V.V.L. Leuven, IMMOCOR, GILBO, LES FOUGERES, IMMOGRADA, HANSIMMO, ODEBRECHT +16 more
since 2023
Shareholders
Participations
Andes
35%
35%
Establishments
Establishment units
Physical locations of this company
Louizalaan 235
1050 Brussel
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 53 companies are registered at this address.
All companies at this address →SPE III Runway
€ 4.2 million revenue · 2025
Belgische Parkeerfederatie
van Cutsem & Partners
€ 212,108 gross margin · 2025
BEYENS & PARTNERS
€ 173,577 gross margin · 2025
HERMAN LEMAIRE, AVOCAT
€ 185,229 gross margin · 2024
+48 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
- 0776.834.002
- VAT number
- BE 0776.834.002
- Registered office
- Louizalaan 235, 1050 Brussel
- Names & denominations
- Downtown Development · DWNTWN Development
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 4 November 2021
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Activiteiten van holdings
Holdings
Activiteiten van hoofdkantoren
Overige zakelijke dienstverlening, neg