Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
Financials
Financial year 2025
Belgian Gastronomic Development from Elsene, company number BE0818176291, closed financial year 2025 with a result of € 170,333 after tax. For that financial year Belgian Gastronomic Development recorded a gross margin of € 173,480 and equity of € -608,031. Compared with financial year 2024, the result moved from € 89,202 to € 170,333. Profitable, and profit is growing. 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 August 4, 2026.
€ -608,031
▲ € 170,333 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 170,333
▲ 91% vs 2024
Profit after tax over the fiscal year.
€ 244,908
▲ € 205,892 vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € -628,491.
People and assets in 2025
€ 604
▼ 38% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 727,530
▼ 22% vs 2024
Loans from banks and other lenders, long and short.
€ 937,981
▲ 293% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 94
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 | € 2,287 | € 12,874 | € 90,090 | € 173,480 | ▲ 93% |
| Profit after taxes | € -2,577 | € 9,424 | € 89,202 | € 170,333 | ▲ 91% |
| Equity | € -876,990 | € -867,566 | € -778,364 | € -608,031 | ▲ € 170,333 |
| Total debts | € 1,130,990 | € 1,361,093 | € 1,171,282 | € 1,667,958 | ▲ 42% |
| Cash | € 735 | € 149,492 | € 39,016 | € 244,908 | ▲ € 205,892 |
| Retained profit | € -895,590 | € -886,166 | € -796,964 | € -628,491 | ▲ € 168,473 |
| Bank debt | € 1,071,000 | € 1,008,500 | € 929,990 | € 727,530 | ▼ 22% |
| Balance sheet total | € 254,000 | € 493,527 | € 392,918 | € 1,059,927 | ▲ 170% |
Key figures of Belgian Gastronomic 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 Belgian Gastronomic Development?
What happened at Belgian Gastronomic Development in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 170,333 (▲ 91% vs 2024). filed late Source: NBB ↗
- New establishment in Elsene. KBO
- Start of the company according to the CBE. KBO
In short
From € 2,577 loss in 2022 to € 170,333 profit in 2025.
Best year ever: 2025, with € 170,333 profit.
Management
The stake of MADS comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
Belgian Gastronomic DevelopmentBehind Belgian Gastronomic Development are Cédric Allard and MADS SRL. The shares are held by MADS (99%).
Establishments
Establishment units
Physical locations of this company
Paul Spaakstraat 2
1050 Elsene
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 4 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0818.176.291
- VAT number
- BE 0818.176.291
- Registered office
- Paul Spaakstraat 2, 1050 Elsene
- Names & denominations
- Belgian Gastronomic Development · BGD
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 1 September 2009
- Peppol
- Active · Active since 24 Sept 2025
- Activities · NACE
Organisatie van congressen en beurzen