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 2 of the last 2 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 1 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Bellus Development from Antwerpen, company number BE0798216859, closed financial year 2025 with a result of € -4,341 after tax. For that financial year Bellus Development recorded a gross margin of € -2,809 and equity of € -9,320. Compared with financial year 2024, the result moved from € -7,979 to € -4,341. 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 July 30, 2026.
€ -9,320
▼ € 4,341 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -4,341
▲ 46 % less loss than in 2024
Profit after tax over the fiscal year.
€ 15,401
▼ 39% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -12,320.
Debts at end 2025
€ 937,038
▲ 69% vs 2024
€ 555,000 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 11,773
▼ 12% vs 2024
Supplier invoices still open on the last day of the fiscal year.
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| 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|
| Gross margin | € -5,721 | € -2,809 | ▲ € 2,912 |
| Profit after taxes | € -7,979 | € -4,341 | ▲ € 3,638 |
| Equity | € -4,979 | € -9,320 | ▼ € 4,341 |
| Total debts | € 769,070 | € 1,570,034 | ▲ 104% |
| Cash | € 25,127 | € 15,401 | ▼ 39% |
| Retained profit | € -7,979 | € -12,320 | ▼ € 4,341 |
| Bank debt | € 555,000 | € 937,038 | ▲ 69% |
| Balance sheet total | € 764,092 | € 1,560,714 | ▲ 104% |
Key figures of Bellus Development, fiscal years 2024 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 Bellus Development?
What happened at Bellus 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 € 4,341. Source: NBB ↗
- New establishment in Antwerpen. KBO
- Start of the company according to the CBE. KBO
- Frank Reekmans BV became a director. NBB
- Vital Business Solutions BV became a director. NBB
- Jan Verbrugge became a director. NBB
In short
From € 7,979 loss in 2024 to € 4,341 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 Frank Reekmans comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
Bellus DevelopmentBehind Bellus Development are Frank Reekmans BV, Vital Business Solutions BV and Jan Verbrugge. The shares are held by Frank Reekmans (33.3%).
Directors
According to the 2025 annual accounts
Managing director · represented by Frank Reekmans
Also active at: IIP6 DEVELOPMENT, STANDING BOUWPARTNERS, V&R Immo
since 2023
Managing director · represented by Mike Stevens
since 2023
Jan Verbrugge
Director
Also active at: HOF TER BEUKEN, SCHELDINVEST, Standing Construct, SDM Advisory, SDM-VALORUM, Amerikalei, Industrial Investment Partners 6-Standing, Consilio Investments +17 more
since 2023
Shareholders
33.3%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Luitenant Lippenslaan 60
2140 Antwerpen
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 9 companies are registered at this address.
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What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0798.216.859
- VAT number
- BE 0798.216.859
- Registered office
- Luitenant Lippenslaan 60, 2140 Antwerpen
- Names & denominations
- Bellus Development
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 8 February 2023
- Peppol
- Active · Active since 27 Mar 2026