Financials
Financial year 2024
K Development from Namur, company number BE0845612643, closed financial year 2024 with a result of € -11,231 after tax. For that financial year K Development recorded revenue of € 1.4 million and equity of € 39,695. Compared with financial year 2023, the result moved from € 48,641 to € -11,231. The company made a loss. The company holds a healthy buffer. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 31, 2025.
€ 39,695
▼ 22% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -11,231
▼ still € 48,641 profit in 2023
Profit after tax over the fiscal year.
€ 36,020
▼ 92% vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 21,095.
People and assets in 2024
€ 1,748
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 28,937
▲ € 26,654 vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
€ 2.3 million
▲ 28% vs 2023
€ 376,902 is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 28,270
▼ 69% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 15,996
▼ 55% vs 2023
Taxes, VAT and social contributions still to pay.
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| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Revenue | € 335,542 | € 214,475 | € 1,261,868 | € 1,399,913 | ▲ 11% |
| Gross margin | € 198,456 | € 117,766 | € 249,972 | € 178,736 | ▼ 28% |
| Profit after taxes | € 16,664 | € -45,699 | € 48,641 | € -11,231 | ▼ € 59,872 |
| Equity | € 47,984 | € 2,285 | € 50,926 | € 39,695 | ▼ 22% |
| Total debts | € 2,023,251 | € 2,330,436 | € 2,207,147 | € 2,618,083 | ▲ 19% |
| Cash | € 117,815 | € 406,287 | € 435,831 | € 36,020 | ▼ 92% |
| Land & buildings | € 277,990 | € 260,853 | € 243,715 | € 226,577 | ▼ 7% |
| Retained profit | € 28,483 | € -16,315 | € 32,326 | € 21,095 | ▼ 35% |
| Bank debt | € 1,863,537 | € 2,199,841 | € 1,812,692 | € 2,313,197 | ▲ 28% |
| Balance sheet total | € 2,079,535 | € 2,332,721 | € 2,258,073 | € 2,657,778 | ▲ 18% |
Key figures of K Development, 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 K Development?
What happened at K Development in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: loss of € 11,231 (▼ € 59,872 vs 2023). filed late Source: NBB ↗
- New establishment in Namur. KBO
- Start of the company according to the CBE. KBO
In short
From € 16,664 profit in 2021 to € 11,231 loss in 2024.
Paid € 13,529 in corporate taxes since 2021.
Best year ever: 2023, with € 48,641 profit.
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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
Behind K Development is Denis Ruyssen. It owns OOO and Centre Wallonie Picarde itself.
Directors
According to the 2024 annual accounts
Establishments
Establishment units
Physical locations of this company
Taille aux Joncs(WP) 63
5100 Namur
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 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
- 0845.612.643
- VAT number
- BE 0845.612.643
- Registered office
- Taille aux Joncs(WP) 63, 5100 Namur
- Names & denominations
- K Development · KD
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 30 April 2012
- Peppol
- Active · Active since 9 Mar 2026
- Activities · NACE
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