What is the address of BOREAS DEVELOPMENT?

The registered office of BOREAS DEVELOPMENT is located at Terhulpsesteenweg 120, 1000 Brussel.

Is BOREAS DEVELOPMENT still active?

Yes. According to the CBE (29 October 2026) BOREAS DEVELOPMENT is active, legal situation “Normale toestand”, started on 14 December 2006.

Is BOREAS DEVELOPMENT registered on Peppol?

No, BOREAS DEVELOPMENT is currently not registered on the Peppol network.

What is the enterprise number of BOREAS DEVELOPMENT?

The enterprise number of BOREAS DEVELOPMENT is BE0885680868.

When was BOREAS DEVELOPMENT founded?

BOREAS DEVELOPMENT was founded on 14 December 2006.

Who are the directors of BOREAS DEVELOPMENT?

According to the 2024 annual accounts, the directors of BOREAS DEVELOPMENT are: Hervé Bodin, Christophe Jacobs SRL, Vincent Beck.

Is BOREAS DEVELOPMENT a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 14 December 2006; 4 annual accounts filed, latest fiscal year 2024; 3 directors known from the annual account.

How much profit did BOREAS DEVELOPMENT make in 2024?

BOREAS DEVELOPMENT recorded a loss after taxes of € 13,059 in financial year 2024.

What is the revenue of BOREAS DEVELOPMENT?

As a small company, BOREAS DEVELOPMENT is not required to publish revenue in its annual accounts. In financial year 2024, its added value was € -22,019.

BOREAS DEVELOPMENT (Public Limited) - Brussel

Dossier BOREAS DEVELOPMENT, printed on 29 October 2026 from databakkes.be/en/0885680868/boreas-development. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Warning lights

Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.

Figures corrected NBB

Corrected annual account filed for 2024.
Busy address KBO

47 other companies have their registered office at the same address; threshold 10.
Not on Peppol Peppol

Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.

Financials

Financial year 2024

BOREAS DEVELOPMENT from Brussel, company number BE0885680868, closed financial year 2024 with a result of € -13,059 after tax. For that financial year BOREAS DEVELOPMENT recorded a gross margin of € -22,019 and equity of € 120,108. Compared with financial year 2023, the result moved from € 10,797 to € -13,059. The company made a loss. 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 September 17, 2025.

What it is worth Healthy

€ 120,108

▼ 10% vs 2023

Assets minus debts, by the books. What is left if everything were sold and paid today.

Loss Caution

€ -13,059

▼ still € 10,797 profit in 2023

Profit after tax over the fiscal year.

Cash in the bank

€ 77

▼ 99% vs 2023

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Caution

Loss, nothing to pay out

Reserves fell to € 58,108.

Debts at end 2024

Bank debt

€ 85

Loans from banks and other lenders, long and short.

Owed to suppliers

€ 17,065

▲ 159% vs 2023

Supplier invoices still open on the last day of the fiscal year.

Key figures per fiscal year Download key figures (CSV)
	2021	2022	2023	2024	Change 2023 → 2024
Revenue	€ 12,102,016 Revenue 2021: € 12,102,016 First fiscal year in the series	-	-	-
Gross margin	-	€ 810,714 Gross margin 2022: € 810,714 First fiscal year in the series	€ -21,733 Gross margin 2023: € -21,733 ▼ € 832,447 vs 2022 (€ 810,714) Unfavourable step	€ -22,019 Gross margin 2024: € -22,019 ▼ € 286 vs 2023 (€ -21,733) Unfavourable step	▼ € 286
Profit after taxes	€ 3,131,760 Profit after taxes 2021: € 3,131,760 First fiscal year in the series	€ 603,163 Profit after taxes 2022: € 603,163 ▼ 81% vs 2021 (€ 3,131,760) Unfavourable step	€ 10,797 Profit after taxes 2023: € 10,797 ▼ 98% vs 2022 (€ 603,163) Unfavourable step	€ -13,059 Profit after taxes 2024: € -13,059 ▼ € 23,856 vs 2023 (€ 10,797) Unfavourable step	▼ € 23,856
Equity	€ 619,206 Equity 2021: € 619,206 First fiscal year in the series	€ 122,369 Equity 2022: € 122,369 ▼ 80% vs 2021 (€ 619,206) Unfavourable step	€ 133,166 Equity 2023: € 133,166 ▲ 9% vs 2022 (€ 122,369) Favourable step	€ 120,108 Equity 2024: € 120,108 ▼ 10% vs 2023 (€ 133,166) Unfavourable step	▼ 10%
Total debts	€ 4,451,976 Total debts 2021: € 4,451,976 First fiscal year in the series	€ 1,972,994 Total debts 2022: € 1,972,994 ▼ 56% vs 2021 (€ 4,451,976) Favourable step	€ 24,287 Total debts 2023: € 24,287 ▼ 99% vs 2022 (€ 1,972,994) Favourable step	€ 28,150 Total debts 2024: € 28,150 ▲ 16% vs 2023 (€ 24,287) Unfavourable step	▲ 16%
Cash	€ 4,269,762 Cash 2021: € 4,269,762 First fiscal year in the series	€ 20,970 Cash 2022: € 20,970 ▼ € 4.2 million vs 2021 (€ 4,269,762) Unfavourable step	€ 10,637 Cash 2023: € 10,637 ▼ 49% vs 2022 (€ 20,970) Unfavourable step	€ 77 Cash 2024: € 77 ▼ 99% vs 2023 (€ 10,637) Unfavourable step	▼ 99%
Retained profit	€ 557,206 Retained profit 2021: € 557,206 First fiscal year in the series	€ 60,369 Retained profit 2022: € 60,369 ▼ 89% vs 2021 (€ 557,206) Unfavourable step	€ 71,166 Retained profit 2023: € 71,166 ▲ 18% vs 2022 (€ 60,369) Favourable step	€ 58,108 Retained profit 2024: € 58,108 ▼ 18% vs 2023 (€ 71,166) Unfavourable step	▼ 18%
Dividend	€ 2,500,000 Dividend 2021: € 2,500,000 First fiscal year in the series	€ 1,100,000 Dividend 2022: € 1,100,000 ▼ 56% vs 2021 (€ 2,500,000) Unchanged	€ 0 Dividend 2023: € 0 ▼ 100% vs 2022 (€ 1,100,000) Unchanged	€ 0 Dividend 2024: € 0 Unchanged (€ 0) Unchanged
Bank debt	€ 0 Bank debt 2021: € 0 First fiscal year in the series	€ 0 Bank debt 2022: € 0 Unchanged (€ 0) Unchanged	€ 0 Bank debt 2023: € 0 Unchanged (€ 0) Unchanged	€ 85 Bank debt 2024: € 85 Unchanged (€ 0) Unfavourable step
Balance sheet total	€ 5,071,182 Balance sheet total 2021: € 5,071,182 First fiscal year in the series	€ 2,095,363 Balance sheet total 2022: € 2,095,363 ▼ 59% vs 2021 (€ 5,071,182) Unchanged	€ 157,453 Balance sheet total 2023: € 157,453 ▼ 92% vs 2022 (€ 2,095,363) Unchanged	€ 148,258 Balance sheet total 2024: € 148,258 ▼ 6% vs 2023 (€ 157,453) Unchanged	▼ 6%

Key figures of BOREAS 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 BOREAS DEVELOPMENT?

What happened at BOREAS DEVELOPMENT in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

2029 Vincent Beck stepped down as director. NBB
Sep 17, 2025 Corrected annual accounts filed for financial year 2024. filed late Source: NBB ↗
2025 Hervé Bodin stepped down as director. NBB
2025 Christophe Jacobs SRL stepped down as director. NBB
2024 Vincent Beck became a director. NBB
2022 Hervé Bodin became a director. NBB
2022 Christophe Jacobs SRL became a director. NBB
Dec 14, 2006 Start of the company according to the CBE. KBO

In short

From € 3.1 million profit in 2021 to € 13,059 loss in 2024.

Paid € 861,788 in corporate taxes since 2021.

Best year ever: 2021, with € 3.1 million profit.

Paid out € 3.6 million in dividends to the owners in total.

Original PDFs at the National Bank ↗

Management

CODIC BELGIQUE - CODIC BELGIE 99%

SOCIETE FINANCIERE CODIC 1%

The stake of CODIC BELGIQUE - CODIC BELGIE, SOCIETE FINANCIERE CODIC comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.

BOREAS DEVELOPMENT

The shares are held by CODIC BELGIQUE - CODIC BELGIE (99%) and SOCIETE FINANCIERE CODIC (1%).

Directors

According to the 2024 annual accounts

Hervé Bodin

Director

Also active at: Socaré, Codic Invest RE B, EOS DEVELOPMENT

since 2022 · until 2025

Christophe Jacobs SRL

Director · represented by Christophe Jacobs

Also active at: SOCIETE FINANCIERE CODIC, CODIC BELGIQUE - CODIC BELGIE, Socaré Offices, Socaré, Chancelier RE Invest, Codic Invest RE B, Tage Invest, EOS DEVELOPMENT

since 2022 · until 2025

Vincent Beck

Managing director

Also active at: CODIC BELGIQUE - CODIC BELGIE, Codic Invest RE B, Tage Invest

since 2024 · until 2029

Shareholders

CODIC BELGIQUE - CODIC BELGIE

99%

SOCIETE FINANCIERE CODIC

Participations

No participations in other companies reported.

Establishments

Establishment units

Physical locations of this company

Registered office

Terhulpsesteenweg 120

1000 Brussel

Who else lives here?

A building full of entrepreneurs or one very busy letterbox? Another 47 companies are registered at this address.

All companies at this address →

Herman Miller

Belgian Multihull Association

Nisard-Invest

SOCIETE FINANCIERE CODIC same network

€ -16,090 gross margin · 2024

CODIC INTERNATIONAL

€ 3.7 million revenue · 2024

+42 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: 0885.680.868
VAT number: BE 0885.680.868
Registered office: Terhulpsesteenweg 120, 1000 Brussel
Names & denominations: BOREAS DEVELOPMENT
Enterprise type: Rechtspersoon
Legal form: Public limited company
Legal situation: Normale toestand
Start date: 14 December 2006
Peppol: Not registered

View on CBE Public ↗ Annual accounts (NBB) ↗