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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Tight liquidity NBB
Cash and receivables cover 29 % of short-term debt in 2024; threshold 65 %.
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Late annual account NBB
Fiscal year 2024 was filed 454 days after the legal deadline.
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Busy address KBO
57 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2024
Cushman & Wakefield Design & Build Belgium from Brussel, company number BE0839917951, closed financial year 2024 with a result of € 1.6 million after tax. For that financial year Cushman & Wakefield Design & Build Belgium recorded revenue of € 19.4 million and equity of € 1.5 million. Compared with financial year 2023, the result moved from € -2.8 million to € 1.6 million. Profitable, and profit is growing. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on October 28, 2026.
€ 1.5 million
▲ € 1.6 million vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1.6 million
▲ still € 2.8 million loss in 2023
Profit after tax over the fiscal year.
€ 357,710
▼ 91% vs 2023
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2024. Retained profit grew to € 1.5 million.
People and assets in 2024
5.3
▼ 2 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 314,559
▼ 49% vs 2023
€ 59,400 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
Debts at end 2024
None
No bank loans on the last day of the fiscal year.
€ 2.4 million
▼ 5% vs 2023
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 158 days on average.
€ 1.1 million
▼ 30% vs 2023
Taxes, VAT and social contributions still to pay.
| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Revenue | € 23,528,001 | € 9,411,565 | € 168,269 | € 19,446,698 | ▲ € 19.3 million |
| Profit after taxes | € -2,165,475 | € -3,403,303 | € -2,792,969 | € 1,592,628 | ▲ € 4.4 million |
| Equity | € 6,152,089 | € 2,748,786 | € -44,183 | € 1,548,445 | ▲ € 1.6 million |
| Total debts | € 20,367,479 | € 17,430,612 | € 28,247,072 | € 10,052,291 | ▼ 64% |
| Cash | € 891,277 | € 1,142,018 | € 4,078,297 | € 357,710 | ▼ 91% |
| Retained profit | € 6,133,489 | € 2,730,186 | € -62,783 | € 1,529,845 | ▲ € 1.6 million |
| Balance sheet total | € 26,586,042 | € 20,372,613 | € 28,238,143 | € 11,600,736 | ▼ 59% |
| Employees (FTE) | 5.6 | 6.8 | 7.3 | 5.3 | ▼ 2 |
Key figures of Cushman & Wakefield Design & Build Belgium, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to Cushman & Wakefield Design & Build Belgium?
What happened at Cushman & Wakefield Design & Build Belgium in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: profit of € 1.6 million. filed late Source: NBB ↗
- Thomas Van Havre became a director. NBB
- Colin Joseph Wilson stepped down as director. NBB
- Ian Thomas stepped down as director. NBB
- Daciana Melintia Hagea became a director. NBB
- Ian Thomas became a director. NBB
- Colin Joseph Wilson became a director. NBB
- New establishment in Brussel. KBO
In short
From € 2.2 million loss in 2021 to € 1.6 million profit in 2024.
Paid € 1.2 million in corporate taxes since 2021.
Best year ever: 2024, with € 1.6 million profit.
Pays suppliers within 158 days on average.
Management
Behind Cushman & Wakefield Design & Build Belgium are Thomas Van Havre and Daciana Melintia Hagea.
Directors
According to the 2024 annual accounts
Thomas Van Havre
Director
since 2026
Daciana Melintia Hagea
Director
since 2022
Ian Thomas
Director
since 2021 · until 2025
Colin Joseph Wilson
Director
since 2021 · until 2026
Establishments
Establishment units
Physical locations of this company
Marnixlaan 23
1000 Brussel
Kunstlaan 56
1000 Brussel
Active since 4 October 2011
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 57 companies are registered at this address.
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€ 18.7 million revenue · 2025
CUSHMAN & WAKEFIELD WINSSINGER TIE LEUNG
€ 10,991 revenue · 2025
Paardekooper België
Sunparks Oostduinkerke
€ 3.9 million revenue · 2025
CUSHMAN & WAKEFIELD BELGIUM
€ 18.8 million revenue · 2025
+52 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
- 0839.917.951
- VAT number
- BE 0839.917.951
- Registered office
- Marnixlaan 23, 1000 Brussel
- Names & denominations
- Cushman & Wakefield Design & Build Belgium
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 27 September 2011
- Peppol
- Active · Active since 13 Jan 2026
- Activities · NACE
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