DANNEELS DEVELOPMENT
ActiveDANNEELS DEVELOPMENT has been active since 1978 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €46.00M and a net result of €200k. Equity remains stable across the filed fiscal years (±0.3% per year). Its solvency ranks better than 65% of 4501 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
69
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability38▲+16
Solvency83▲+1
Growth31▲+1
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €900k at 30 days acceptable
Liquidity ample (current ratio 3.91 against 4.26 in 2024; short-term debt: 24.9% and cash: 0.4% of total assets), and 42.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
57.5%
Return on assets
0.3%
Age of the figures
9 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-06-2026, 51 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
51 d early
2024
44 d early
2023
49 d early
2022
56 d early
2021
31 d early
2020
26 d early
2019
20 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
18-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€9.21M▼ 0.2%
2024 · €9.22M
2018: €10.46M
2019: €20.98M
2020: €19.73M
2021: €25.67M
2022: €17.99M
2023: €12.17M
2024: €9.22M
2018 → 2025
EBIT margin
9.3%▲ 7.7pp
2024 · 1.6%
2018: 13.5%
2019: 19.5%
2020: 21.1%
2021: 25.7%
2022: 19.1%
2023: 16.2%
2024: 1.6%
2018 → 2025
Net result
€200k
2024 · €-617k
2018: €841k
2019: €2.65M
2020: €2.80M
2021: €4.67M
2022: €2.31M
2023: €938k
2024: €-617k
2018 → 2025
Working capital
€57.99M▼ 5.4%
2024 · €61.30M
2018: €58.29M
2019: €57.04M
2020: €60.35M
2021: €64.84M
2022: €60.03M
2023: €65.30M
2024: €61.30M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€25.67M-€17.99M▼ 29.9%€12.17M▼ 32.3%€9.22M▼ 24.3%€9.21M▼ 0.2%
Equity€47.17M-€45.48M▼ 3.6%€46.42M▲ 2.1%€45.80M▼ 1.3%€46.00M▲ 0.4%
Operating result€6.60M-€3.44M▼ 47.8%€1.97M▼ 42.8%€149k▼ 92.4%€858k▲ 478%
Net result€4.67M-€2.31M▼ 50.5%€938k▼ 59.4%€-617k€200k
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 478% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €79.95M
Fixed assets
€2.04M▲ 399%
Current assets
€77.91M▼ 2.7%
Equity and liabilities €79.95M
Equity
€46.00M▲ 0.4%
Provisions
€17k=
Debt
€33.93M▼ 2.2%
The debt ratio falls from 43.1% to 42.4%. Equity is higher and debt is lower.
Key figures and ratios
Solvency
57.5%▲
2024 · 56.9%
Current ratio
3.91▼
2024 · 4.26
Quick ratio
0.18▼
2024 · 0.24
Debt / equity
0.74▼
2024 · 0.76
ROE
0.4%▲
2024 · -1.3%
ROA
0.3%▲
2024 · -0.8%
Debt
€33.93M▼
2024 · €34.68M
Debt ≤ 1 year
€19.92M▲
2024 · €18.79M
Debt > 1 year
€14.00M▼
2024 · €15.71M
Income taxes
€2k▼
2024 · €2k
Staff costs
€781k▼
2024 · €1.00M
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€80.50M€79.95M▼
Formation expenses20€0€0=
Fixed assets21/28€410k€2.04M▲
Tangible fixed assets22/27€271k€1.90M▲
Land and buildings22€262k€1.90M▲
Plant, machinery and equipment23€0€0=
Furniture and vehicles24€9k€0▼
Financial fixed assets28€139k€139k▲
Other financial fixed assets284/8€139k€139k▲
Amounts receivable and cash guarantees285/8€139k€139k▲
Current assets29/58€80.09M€77.91M▼
Stocks and contracts in progress3€75.55M€74.38M▼
Stocks30/36€75.55M€74.38M▼
Property held for sale35€75.55M€74.38M▼
Amounts receivable within one year40/41€3.49M€3.21M▼
Trade receivables40€2.70M€2.61M▼
Other amounts receivable41€790k€602k▼
Cash at bank and in hand54/58€493k€310k▼
Deferred charges and accrued income490/1€554k€11k▼
Equity and liabilities
Total equity and liabilities10/49€80.50M€79.95M▼
Equity10/15€45.80M€46.00M▲
Contributions10/11€3.90M€3.90M=
Capital10€3.90M€3.90M=
Issued capital100€3.90M€3.90M=
Reserves13€41.89M€42.10M▲
Non-distributable reserves130/1€390k€390k=
Legal reserve130€390k€390k=
Tax-exempt reserves132€4.93M€4.93M=
Distributable reserves133€36.58M€36.79M▲
Profit (loss) carried forward14€15k€5k▼
Provisions and deferred taxes16€17k€17k=
Provisions for liabilities and charges160/5€17k€17k=
Pensions and similar obligations160€17k€17k=
Amounts payable17/49€34.68M€33.93M▼
Amounts payable after more than one year17€15.71M€14.00M▼
Financial debts170/4€15.71M€14.00M▼
Credit institutions173€15.71M€14.00M▼
Amounts payable within one year42/48€18.79M€19.92M▲
Financial debts43€6.72M€9.72M▲
Credit institutions430/8€6.72M€9.72M▲
Trade debts44€1.11M€977k▼
Suppliers440/4€1.11M€977k▼
Advances received on contracts in progress46€27k-
Taxes, remuneration and social security45€115k€100k▼
Taxes450/3€6k€50k▲
Remuneration and social security454/9€108k€50k▼
Other amounts payable47/48€10.82M€9.13M▼
Accrued charges and deferred income492/3€178k€10k▼
Income statement
Code20242025
Operating income70/76A€9.34M€11.04M▲
Turnover70€9.22M€9.21M▼
Own construction capitalised72-€1.70M
Other operating income74€121k€113k▼
Non-recurring operating income76A-€19k
Operating charges60/66A€9.19M€10.18M▲
Goods for resale, raw materials and consumables60€6.32M€7.70M▲
Purchases600/8€3.16M€6.54M▲
Change in stocks: decrease (increase)609€3.16M€1.17M▼
Services and other goods61€1.37M€1.44M▲
Remuneration, social security and pensions62€1.00M€781k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14k-
Provisions for liabilities and charges: additions (uses and reversals)635/8€-42k-
Other operating charges640/8€530k€254k▼
Non-recurring operating charges66A-€4k
Operating profit (loss)9901€149k€858k▲
Financial income75/76B€8k€714▼
Recurring financial income75€8k€714▼
Income from current assets751€8k€713▼
Other financial income752/9€76€0▼
Financial charges65/66B€772k€657k▼
Recurring financial charges65€772k€657k▼
Debt charges650€772k€657k▼
Other financial charges652/9-€36
Profit (loss) for the period before taxes9903€-616k€202k▲
Income taxes67/77€2k€2k▼
Taxes670/3€2k€2k▼
Profit (loss) for the period9904€-617k€200k▲
Profit (loss) for the period to be appropriated9905€-617k€200k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-610k€215k▲
Profit (loss) brought forward from the previous period14P€7k€15k▲
Transfer from equity791/2€625k-
From reserves792€625k-
Transfer to equity691/2-€210k
To other reserves6921-€210k
Social balance
Average headcount (FTE)90878.07.2▼
The notes to these accounts (55 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
10-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Back to profitnet €200k
Net result €200k after one loss-making year.
17-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Weakest financial yearnet €-617k ▼166%
Net result drops to €-617k, the lowest in the series; recovery starts the following year.
12-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
05-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Highest result since 2018net €4.67M ▲66.9%
Operating result €6.60M, net result €4.67M, both a record.
05-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
11-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
21-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
02-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
01-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
14 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Brugge · 1 establishment unit since 1978
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Sint-Baafskerkstraat 18200 BruggeGround area
629 m²
Building footprint
321 m²
Volume, LiDAR
1,746 m³
Parcel 31027D0367/00L007, Flanders · tallest building 9.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Sint-Baafskerkstraat 1, 8200 Brugge
since 19782.014.671.984
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31027D0367/00L007 | Flanders | 629 m² | 1 · 321 m² | 9.5 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Group per the LEI register
1 parent companyParent company:AIUPO
Recognitions · licences · registrations
Legal Entity Identifier
967600T0YNQ0Q0C7O651
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Of 11,749 companies in sector 68310 we hold annual accounts for 6,906. 277 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded22-03-1978
Fiscal year end31-12
Activities, NACEBEL
68121Development of residential building projects
68310Real estate agency activities
68311Real estate activities
70111
70311
Sources
Crossroads Bank for EnterprisesNational Bank · 48 filingsAddress and cadastre registers
Data from official sources, last processed on 18-09-2026. Scores and ratios are computed by Checked and are not a credit decision.