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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Busy address KBO
14 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2026
Granit Development from Gent, company number BE0872772445, closed financial year 2026 with a result of € 38,269 after tax. For that financial year Granit Development recorded a gross margin of € 55,285 and equity of € 663,159. Compared with financial year 2025, the result moved from € 528,776 to € 38,269. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on October 8, 2026.
€ 663,159
▲ 6% vs 2025
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 38,269
▼ 93% vs 2025
Profit after tax over the fiscal year.
€ 663,159
▲ € 538,331 vs 2025
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2026. Retained profit grew to € 246,959.
Debts at end 2026
None
No bank loans on the last day of the fiscal year.
| 2023 | 2024 | 2025 | 2026 | Change 2025 → 2026 | |
|---|---|---|---|---|---|
| Gross margin | € 920,472 | € 998,294 | € 717,856 | € 55,285 | ▼ 92% |
| Profit after taxes | € 683,636 | € 743,886 | € 528,776 | € 38,269 | ▼ 93% |
| Equity | € 1,552,227 | € 696,114 | € 624,889 | € 663,159 | ▲ 6% |
| Total debts | € 2,439,635 | € 1,601,740 | € 51,065 | € 0 | ▼ 100% |
| Cash | € 40,140 | € 33,479 | € 124,827 | € 663,159 | ▲ € 538,331 |
| Retained profit | € 1,136,027 | € 279,914 | € 208,689 | € 246,959 | ▲ 18% |
| Dividend | € 4,000,000 | € 1,600,000 | € 600,000 | € 0 | ▼ 100% |
| Balance sheet total | € 3,991,862 | € 2,297,853 | € 675,954 | € 663,159 | ▼ 2% |
Key figures of Granit Development, fiscal years 2023 to 2026, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2027) expected before 30 April 2028.
What happened to Granit Development?
What happened at Granit Development in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2026: profit of € 38,269 (▼ 93% vs 2025). Source: NBB ↗
- Granit Europe NV stepped down as director. NBB
- Wyden-Invest NV stepped down as director. NBB
- Granit Europe NV became a director. NBB
- Wyden-Invest NV became a director. NBB
- New establishment in Gent. KBO
- Start of the company according to the CBE. KBO
In short
From € 683,636 profit in 2023 to € 38,269 profit in 2026.
Paid € 670,314 in corporate taxes since 2023.
Best year ever: 2024, with € 743,886 profit.
Paid out € 6.2 million in dividends to the owners in total.
Management
The stake of IPROM, Granit Europe comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
Granit DevelopmentThe shares are held by IPROM (50%) and Granit Europe (50%).
Directors
According to the 2026 annual accounts
Managing director · represented by Karolien De Brouwer
Also active at: ETABLISSEMENTS ED. BLOCK, KOEPOORTKAAI, GRANIT HOTEL MANAGEMENT, GRANIT PROMOTIONS, GRANIT MRI, GRANIT AKKERHAGE, GRANIT EVENT CENTER, GRANIT CY GHENT
since 2020 · until 2026
Managing director · represented by Marc Wybraeke
since 2020 · until 2026
Shareholders
50%
50%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Industriepark-Drongen 14 box 111
9031 Gent
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 14 companies are registered at this address.
All companies at this address →ETABLISSEMENTS ED. BLOCK same network
€ 1.8 million gross margin · 2025
KOEPOORTKAAI same network
€ 2.3 million gross margin · 2025
DURABLE BELGIUM
€ 637,790 gross margin · 2025
GRANIT HOTEL MANAGEMENT same network
€ 3.6 million gross margin · 2025
GRANIT PROMOTIONS same network
€ -450,496 gross margin · 2025
+9 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
- 0872.772.445
- VAT number
- BE 0872.772.445
- Registered office
- Industriepark-Drongen 14 bus 111, 9031 Gent
- Names & denominations
- Granit Development
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 17 March 2005
- Peppol
- Active · Active since 18 Mar 2026
- Activities · NACE
Handel in eigen onroerend goed
Handel in onroerend goed
Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies
Ontwikkeling van niet-residentiële bouwprojecten
Ontwikkeling van residentiële bouwprojecten
Projectontwikkeling voor kantoorbouw
Projectontwikkeling voor woningbouw
Projectontwikkeling voor infrastructuurwerken
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