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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Figures corrected NBB
Corrected annual account filed for 2024.
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Busy address KBO
48 other companies have their registered office at the same address; threshold 10.
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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.
€ 120,108
▼ 10% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -13,059
▼ still € 10,797 profit in 2023
Profit after tax over the fiscal year.
€ 77
▼ 99% vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 58,108.
Debts at end 2024
€ 85
Loans from banks and other lenders, long and short.
€ 17,065
▲ 159% vs 2023
Supplier invoices still open on the last day of the fiscal year.
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| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Revenue | € 12,102,016 | - | - | - | |
| Gross margin | - | € 810,714 | € -21,733 | € -22,019 | ▼ € 286 |
| Profit after taxes | € 3,131,760 | € 603,163 | € 10,797 | € -13,059 | ▼ € 23,856 |
| Equity | € 619,206 | € 122,369 | € 133,166 | € 120,108 | ▼ 10% |
| Total debts | € 4,451,976 | € 1,972,994 | € 24,287 | € 28,150 | ▲ 16% |
| Cash | € 4,269,762 | € 20,970 | € 10,637 | € 77 | ▼ 99% |
| Retained profit | € 557,206 | € 60,369 | € 71,166 | € 58,108 | ▼ 18% |
| Dividend | € 2,500,000 | € 1,100,000 | € 0 | € 0 | |
| Bank debt | € 0 | € 0 | € 0 | € 85 | |
| Balance sheet total | € 5,071,182 | € 2,095,363 | € 157,453 | € 148,258 | ▼ 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:
- Vincent Beck stepped down as director. NBB
- Corrected annual accounts filed for financial year 2024. filed late Source: NBB ↗
- Hervé Bodin stepped down as director. NBB
- Christophe Jacobs SRL stepped down as director. NBB
- Vincent Beck became a director. NBB
- Hervé Bodin became a director. NBB
- Christophe Jacobs SRL became a director. NBB
- 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.
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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
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 DEVELOPMENTThe shares are held by CODIC BELGIQUE - CODIC BELGIE (99%) and SOCIETE FINANCIERE CODIC (1%).
Directors
According to the 2024 annual accounts
since 2022 · until 2025
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
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Terhulpsesteenweg 120
1000 Brussel
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 48 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
+43 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