Active BE 0544.310.847Cooperative companyOpen bankruptcy

Develop-Sud

Route du Lac de Warfa(SART) 2 ·4845 Jalhay, Belgium· 12 yrs active

Sector: General cleaning of buildings (81210)

Conclusion Checked

A bankruptcy procedure is open for Develop-Sud according to publications in the Belgian State Gazette. The 2023 annual accounts show negative equity (€-96k) and a net result of €-19k.

Based on the State Gazette, CBE and 2 annual accounts.

Key figures

Equity	€-96k
Net result	€-19k
Staff (FTE)	24.6
Better than sector	5%

Snowflake analysis 5 of 5 axes measured · computed by Checked

38 / 100

Fragile profile, watch health in particular.

All 5 axes are computed from data Checked has read.

Health 0

Profitability 99

Solvency 33

Growth 58

Stability 0

Bankruptcy probability (12 mo) Checked model v1 · free

Bankruptcy opened

A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.

Risk Assessment rule-based

50 / 100

High riskRegister: open bankruptcy

This score counts publications in the Belgian State Gazette only. The KBO register additionally records legal situation 050 for this company; it does not feed the figure above.

Components

· Open bankruptcy (+50)

Trust signals 2 signals

Register: open bankruptcy

The KBO register records legal situation 050 for this company. This is today's state according to the register itself; the register carries no start date.

Open bankruptcy

Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.

Administrative Flags 0 events

No administrative flags

Health barometer FY 2023 · computed

0 / 100 Critical

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

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Computed by Checked from the NBB filing for FY 2023 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.

Financial overview2 NBB filings

Annual accounts filed on 12-04-2024 with the NBB · fiscal year 2023 · micro

Operating resultNet result

Sector comparison

Fiscal year 2023 · NACE 81, Cleaning & landscape services · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	-74.6%	34.1%	better than 5% of 1600 sector peers
Net result	€-19k	€9k	better than 6% of 1591 sector peers
Equity	€-96k	€25k	better than 5% of 1600 sector peers
Gross operating margin	€377k	€35k	better than 95% of 1589 sector peers
Staff costs	€364k	€34k	higher than 95% of 744 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

EBITDA

€970

- 22-23

Net profit

€-19k

+75.2% 22-23

Cash flow

€-5k

+92.6% 22-23

Total assets

€129k

+82.2% 22-23

Equity

€-96k

-24.8% 22-23

Working capital

€-122k

-21.9% 22-23

Employees (FTE)

25

+55.7% 22-23

Staff costs

€364k

+45.8% 22-23

Income taxes

€5k

- 22-23

Debt

€226k

+52.3% 22-23

Debt ≤ 1y

€224k

+57.8% 22-23

Debt > 1y

€1k

-77.9% 22-23

Current ratio

0.46

+53.5% 22-23

Quick ratio

0.46

+53.5% 22-23

Solvency

-74.6%

+31.5% 22-23

Debt / equity

-2.34

-22.0% 22-23

ROE

19.9%

-80.1% 22-23

ROA

-14.8%

+86.4% 22-23

Interest coverage

0.75

- 22-23

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2023
Deposit	micro
Revenue	-
EBITDA	€970
Net profit	€-19k
Cash flow	€-5k
Staff costs	€364k
Income taxes	€5k
Dividends	-
Total assets	€129k
Equity	€-96k
Debt	€226k
of which ≤ 1y	€224k
of which > 1y	€1k
Working capital	€-122k
Employees (FTE)	24.6

Ratios (computed)

	2023
Current ratio	0.46
Quick ratio	0.46
Working capital ratio	-94.1%
Solvency	-74.6%
Debt / equity	-2.34
Long-term debt ratio	-0.01
Interest coverage	0.75
Gross margin	-
Net margin	-
ROA	-14.8%
ROE	19.9%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2023

Assets

Fixed assets €27k · 20.6% Current assets €103k · 79.4%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2023
Balance sheet, Assets
TOTAL ASSETS	20/58	€129k
Fixed assets	21/28	€27k
Intangible fixed assets	21	€939
Tangible fixed assets	22/27	€25k
Financial fixed assets	28	€250
Current assets	29/58	€103k
Amounts receivable within one year	40/41	€89k
Cash & bank	54/58	€3k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€129k
Equity	10/15	€-96k
Accumulated profits (losses)	14	€-96k
Amounts payable	17/49	€226k
Amounts payable after one year	17	€1k
Amounts payable within one year	42/48	€224k
Trade debts payable within one year	44	€102k
Income statement
Gross operating margin	9900	€377k
Operating result	9901	€-13k
Financial income	75	€0
Financial charges	65	€1k
Result before taxes	9903	€-15k
Income taxes	67/77	€5k
Net result for the period	9904	€-19k
Result to be appropriated	9905	€-19k

You're seeing the latest fiscal year only. Unlock 1 prior year (figures + ratios) with a paid plan. See plans →

Ratios computed by Checked.

Directors & mandates 7 directors

Directors derived from a single State Gazette act, under verification

All 7 current directors first appear in the same act (25326393). Founders or capital subscribers may have been counted as directors here; the real board composition is being verified.

Current directors & mandates

MASSAFI Syrine
Director
State Gazette act 25326393 (16-04-2025)

Current
16-04-2025 → present
MIESSEN Yohann
Director
State Gazette act 25326393 (16-04-2025)

Current
16-04-2025 → present
NGEZE Professeur Zahara
Director
State Gazette act 25326393 (16-04-2025)

Current
16-04-2025 → present
NTAWIZERUNDI Mwamini
Director
State Gazette act 25326393 (16-04-2025)

Current
16-04-2025 → present
UMUTONI Yvette
Director
State Gazette act 25326393 (16-04-2025)

Current
16-04-2025 → present
UWAMUNGU Jean Claude
Director
State Gazette act 25326393 (16-04-2025)

Current
16-04-2025 → present
UWIMANA Clotilde
Director
State Gazette act 25326393 (16-04-2025)

Current
16-04-2025 → present

Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.

Directors & mandates2 persons

Role	Name	Tenure	Source
Curator	FREDERIC KERSTENNE BOULEVARD D’AVROY 7C, 4000 LIEGE 1 ↔ Also on 119 other cases	08-08-2025 → present	Belgian State Gazette
Curator	LAURENT DELWAIDE RUE DES AUGUSTINS 16, 4000 LIEGE 1	08-08-2025 → present	Belgian State Gazette

Legal Structure

NACE primary	General cleaning of buildings(81210)
Legal form	Cooperative company(706)
Incorporation	13-01-2014
Status	Active
Postal code	4845
First BS signal	14-08-2025
Latest BS signal	14-08-2025

Company structure, linked entities2 linked entities

Mandates

↔ 1 of these mandate-holders are active on other cases, click any red card to open that KBO.

Establishment units 1 location

Develop-Sud

Rue du Téléphone 20, 4800 VerviersAlgemene reiniging van gebouwen

since 20172.263.139.761

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Wallonia 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
63068C0946/00K000	Wallonia	2,568 m²	1 · 223 m²	8.3 m · 2 fl.
63576A0061/00W007	Wallonia	591 m²	1 · 71 m²	-

Methodology

via registered seat: 1 · via establishment units: 1

2 of 2 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 4 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2025

14-08-2025

Bankruptcy Opening

Tribunal de l’entreprise de Liège, division Liège · DEVELOP-SUD SC RUE DU TELEPHONE 20, 4800 VERVIERS · event 08-08-2025

16-04-2025

State Gazette act Director changes

Juste SINDIHEBURA

2024

12-04-2024

NBB filing Annual accounts filed

fiscal year 2023 · micro

2023

17-11-2023

NBB filing Annual accounts filed

fiscal year 2022 · micro

Lifecycle & Insolvency Signals 1 events

14-08-2025

Bankruptcy Opening

Date: 08-08-2025 · Tribunal de l’entreprise de Liège, division Liège · DEVELOP-SUD SC RUE DU TELEPHONE 20, 4800 VERVIERS · Publications in State Gazette ↗

Time machine, BS events + macro context 2021, 2026

Macro context

2020-Q2/Q3 COVID lockdown

2022 energy crisis

2023-2024 ECB rate hikes

Legend

Bankruptcy

Interim / reorg

KBO event

Belgisch Staatsblad, acts 1 acts

All acts · 1 updated 1 year ago

2025

16-04-2025 8 directors appointed Director changes·Juste SINDIHEBURA

UMUTONI Yvette, Bestuurder
NTAWIZERUNDI Mwamini, Bestuurder
NGEZE Professeur Zahara, Bestuurder
MIESSEN Yohann, Bestuurder
MASSAFI Syrine, Bestuurder
UWIMANA Clotilde, Bestuurder
UWAMUNGU Jean Claude, Bestuurder
UWAMUNGU Jean Claude, Gedelegeerd bestuurder

Notary: Juste SINDIHEBURA · Visé

Original publication ↗

Technical details

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Credit advice verdict per customer and amount

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Company registry (CBE) Crossroads Bank

Activities

Algemene reiniging van gebouwen81210Algemene reiniging van gebouwen81210Detailhandel in tweedehandskleding in winkels47792Detailhandel in tweedehandskleding47792

Primary activity highlighted.

Names & trade names

Legal nameFR

Develop-Sud

Registered office

Route du Lac de Warfa(SART) 2 bus B

4845 Jalhay, Belgium

Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.

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