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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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Busy address KBO
17 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
DIVANI from Gent, company number BE0830657916, closed financial year 2025 with a result of € 395,970 after tax. For that financial year DIVANI recorded revenue of € 608,252 and equity of € 71.1 million. Compared with financial year 2024, the result moved from € -278,678 to € 395,970. Profitable, and profit is growing. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on May 21, 2026.
€ 71.1 million
▼ 1% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 395,970
▲ still € 278,678 loss in 2024
Profit after tax over the fiscal year.
€ 742,984
▼ 46% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 1.1 million paid out
More than the year’s profit went to the shareholders; reserves fell.
Debts at end 2025
€ 56.3 million
▲ 39% vs 2024
€ 2.1 million is repaid this year. At this pace the long-term loan is gone in ≈ 9 years.
€ 70,743
▼ 69% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 29 days on average.
€ 4,815
▼ 99% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 26,365,791 | € 7,663,211 | € 2,792,704 | € 608,252 | ▼ 78% |
| Profit after taxes | € 9,284,742 | € 3,073,892 | € -278,678 | € 395,970 | ▲ € 674,649 |
| Equity | € 94,835,761 | € 75,928,453 | € 71,803,065 | € 71,099,975 | ▼ 1% |
| Total debts | € 57,963,805 | € 33,670,264 | € 48,913,849 | € 58,842,885 | ▲ 20% |
| Cash | € 1,909,832 | € 5,696,045 | € 1,387,932 | € 742,984 | ▼ 46% |
| Land & buildings | € 44,626,312 | € 40,841,770 | € 29,534,322 | € 27,407,007 | ▼ 7% |
| Retained profit | € -1,452,439 | € 1,621,453 | € 1,342,775 | € 639,685 | ▼ 52% |
| Dividend | € 4,176,428 | € 0 | € 0 | € 1,099,060 | |
| Bank debt | € 48,573,757 | € 30,880,200 | € 40,484,331 | € 56,276,643 | ▲ 39% |
| Balance sheet total | € 152,799,566 | € 109,818,717 | € 120,716,914 | € 129,942,860 | ▲ 8% |
| Employees (FTE) | 0.2 | 0 | - | - |
Key figures of DIVANI, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 15 July 2027.
What happened to DIVANI?
What happened at DIVANI in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Frank De Graeve stepped down as director. NBB
- Dirk De Graeve stepped down as director. NBB
- Sabine Morel stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 395,970. Source: NBB ↗
- Frank De Graeve became a director. NBB
- Dirk De Graeve became a director. NBB
- Sabine Morel became a director. NBB
- New establishment in Gent. KBO
In short
From € 9.3 million profit in 2022 to € 395,970 profit in 2025.
Paid € 2.1 million in corporate taxes since 2022.
Best year ever: 2022, with € 9.3 million profit.
Paid out € 5.3 million in dividends to the owners in total.
Management
The stake of SERVICE & DEVELOPMENT GROUP BELGIUM, CARINVEST comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
DIVANIThe shares are held by SERVICE & DEVELOPMENT GROUP BELGIUM (97.7%) and CARINVEST (2.3%). It owns 100% of Alfa Invest, 100% of Groene Wandeling, 100% of Ten Broele, 100% of Court Palace, 100% of Orbis NV and 89% of Driekoningen itself.
Directors
According to the 2025 annual accounts
Frank De Graeve
Managing director
Also active at: DG Management & Consulting, SERVICE & DEVELOPMENT GROUP BELGIUM, Hauset Immo, WIREWOOD BENELUX FRANCE, VOS AANNEMINGEN, TELUS PROPERTIES, MARACANA, CARLTON +9 more
since 2021 · until 2027
Dirk De Graeve
Managing director
Also active at: MINERVA MANAGEMENT, SERVICE & DEVELOPMENT GROUP BELGIUM, Hauset Immo, TELUS PROPERTIES, CARLTON, BRUOCSELLA, TEN BROELE, Groene Wandeling +6 more
since 2021 · until 2027
Sabine Morel
Director
Also active at: SERVICE & DEVELOPMENT GROUP BELGIUM, Hauset Immo, WIREWOOD BENELUX FRANCE, CARLTON
since 2021 · until 2027
Shareholders
2.3%
Participations
Establishments
Establishment units
Physical locations of this company
Kortrijksesteenweg 1052 box D
9051 Gent
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 17 companies are registered at this address.
All companies at this address →SERVICE & DEVELOPMENT GROUP BELGIUM same network
€ 12.8 million revenue · 2025
Carimmo
€ 1.2 million gross margin · 2026
WIREWOOD BENELUX FRANCE same network
€ -21,745 gross margin · 2025
TELUS PROPERTIES same network
€ -19,831 gross margin · 2025
CARLTON same network
€ 695,021 revenue · 2025
+12 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
- 0830.657.916
- VAT number
- BE 0830.657.916
- Registered office
- Kortrijksesteenweg 1052 bus D, 9051 Gent
- Names & denominations
- DIVANI
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 26 October 2010
- Peppol
- Active · Active since 1 Sept 2025
- Activities · NACE
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