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 3 of the last 3 fiscal years.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 20 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Brussels South Development from Antwerpen, company number BE0777636330, closed financial year 2025 with a result of € -85,055 after tax. For that financial year Brussels South Development recorded a gross margin of € -68,726 and equity of € -458,668. Compared with financial year 2024, the result moved from € -87,593 to € -85,055. 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 January 26, 2026.
€ -458,668
▼ € 85,055 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -85,055
▲ 3 % less loss than in 2024
Profit after tax over the fiscal year.
€ 1,742
▼ 86% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -558,668.
People and assets in 2025
€ 2,388
▼ 27% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 7,986
▼ 40% vs 2024
Supplier invoices still open on the last day of the fiscal year.
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| 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|
| Gross margin | € -373,305 | € -69,363 | € -68,726 | ▲ € 637 |
| Profit after taxes | € -386,020 | € -87,593 | € -85,055 | ▲ € 2,538 |
| Equity | € -286,020 | € -373,613 | € -458,668 | ▼ € 85,055 |
| Total debts | € 386,914 | € 499,697 | € 587,134 | ▲ 17% |
| Cash | € 2,225 | € 12,036 | € 1,742 | ▼ 86% |
| Retained profit | € -386,020 | € -473,613 | € -558,668 | ▼ € 85,055 |
| Balance sheet total | € 100,894 | € 126,084 | € 128,466 | ▲ 2% |
Key figures of Brussels South Development, fiscal years 2023 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.
What happened to Brussels South Development?
What happened at Brussels South Development in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Shalom ENGELSTEIN stepped down as director. NBB
- Rafaël WASYNG stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 85,055. Source: NBB ↗
- New establishment in Antwerpen. KBO
- Shalom ENGELSTEIN became a director. NBB
- Rafaël WASYNG became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 386,020 loss in 2023 to € 85,055 loss in 2025.
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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 E.V. INVEST comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
Brussels South DevelopmentThe shares are held by E.V. INVEST (100%).
Directors
According to the 2025 annual accounts
since 2021 · until 2027
Rafaël WASYNG
Director
Also active at: UNITED PEARL TRADING, RIMBAUD, IMMO 163, Joodse Dienst Thuiszorg, MONSEY INVEST, BRUSSELS SOUTH INVEST
since 2021 · until 2027
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Mechelsesteenweg 172
2018 Antwerpen
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 7 companies are registered at this address.
All companies at this address →ARC ADMINISTRATION
€ 27,618 gross margin · 2025
To The Point at Work
€ 227,095 gross margin · 2025
E.V. INVEST same network
€ -16,434 gross margin · 2025
Divine Plus
€ 468,779 gross margin · 2025
ANTWERPSE BIKUR CHOLIM - JOODSE WELZIJN EN ZIEKENZORG
+2 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
- 0777.636.330
- VAT number
- BE 0777.636.330
- Registered office
- Mechelsesteenweg 172, 2018 Antwerpen
- Names & denominations
- Brussels South Development
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 23 November 2021
- Peppol
- Active · Active since 17 Jun 2026
- Activities · NACE
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