About Development
Development is a public limited company (NV/SA) based in Izegem, founded in 1987. Its main activity is classified as "Overige ondersteunende activiteiten in verband met financiële diensten, neg, exclusief verzekeringen en pensioenfondsen". For the 2025 financial year, Development reported a loss of €14,264. A year earlier, in 2024, it still made a profit of €9,091. Revenue was not published, which is common for abbreviated accounts. The gross margin came to €96,020, up 76% on 2024. It employed an average of 1 full-time equivalent. Equity stands at €304,817, a solvency ratio of 44%. In 2007 it was €784,864. 19 annual accounts are available, covering 2007 to 2025.
- Signals
-
Reporting lossesReporting losses € -14K
The company reported a loss in the latest financial year.
Poor liquidityPoor liquidity 0.94The current ratio is below 1: may be insufficient to cover short-term debt.
Negative cashflowNegative cashflow € -11KOperating cash flow was negative in the latest financial year.
Negative EBITDANegative EBITDA € -10KEBITDA is negative: operating activities are loss-making.
Strong equityStrong equity € 305KStrong equity provides a buffer against setbacks.
Low riskLow risk 44.1%Good solvency (> 30%) points to long-term financial stability.
Healthy social debtHealthy social debt 11.3%Social debts stay manageable relative to personnel costs.
Financial ratios
|
|
2025
|
2024
|
2023
|
2022
|
|---|---|---|---|---|
|
€
96K
|
€
55K
|
€
89K
|
€
99K
|
|
|
€
-10K
|
€
14K
|
€
30K
|
€
32K
|
|
|
€
-14K
|
€
9K
|
€
23K
|
€
25K
|
|
|
€
305K
|
€
319K
|
€
310K
|
€
287K
|
|
|
44.13%
|
45.69%
|
46.09%
|
39.12%
|
|
|
€
386K
|
€
379K
|
€
363K
|
€
447K
|
|
|
€
9K
|
€
963
|
€
4K
|
€
480
|
|
|
1
|
1
|
1
|
1
|
Publications 30
All publications- Statuten (Vertaling, Cordinatie, Overige Wijzigingen, ) - Doel - Kapitaal - Aandelen - Ontslagen - Benoemingen 18/03/2024
- Ontslagen - Benoemingen 27/02/2023
- Me. - Jaarrekening 30.06.2016, Ggk 28.10.2016, Ngl 30.11.2016 16693-0120-017 08/12/2016
- Ontslagen - Benoemingen 25/11/2016
- Me. - Jaarrekening 30.06.2015, Ggk 30.10.2015, Ngl 30.11.2015 15678-0508-014 08/12/2015
Frequently asked questions
Answers to the most common questions about Development, based on official government data and the filed annual accounts.
What is the VAT number of Development?
The VAT number of Development is BE0430.742.554.
How many employees work at Development?
In 2025, Development employed 1.00 full-time equivalents (FTE).
When was Development established?
Development was founded in 30-03-1987.
What is the official address of Development?
The official address of Development is Gentseheerweg 63 Izegem 8870.
What is the legal form of Development?
The juridical form of Development is Public limited company (NV/SA).
What is the annual revenue of Development?
The 2025 accounts of Development do not report revenue. Smaller companies that file abbreviated accounts are not required to publish it.
Is Development a reliable company?
Development is a registered Rechtspersoon with company number 0430.742.554 and can be verified through the official CBE database.
What is the credit limit of Development?
The estimated credit limit of Development is €12,589.
Is Development still active?
Development currently has the status "Normal situation" and is active.