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RETAIL PROPERTY DEVELOPMENT

Active
Public limited companyfounded 2004active for 21 yearsErnest Van Dijckkaai 10, 2000 Antwerpen, Belgium13 active companies are registered at this addressKBO/BCE: BE 0870.220.850

From the official registers: KBO 21 annual accounts at the National Bank publications in the Belgian Official Gazette

Summary

RETAIL PROPERTY DEVELOPMENT has been active since 2004 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.6m and a net result of -€204,351. Equity has been stable since 2018 (±0.5% per year). Its solvency ranks better than 36% of 5,789 sector peers (NACE 68, financial year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).

Risk analysisFollow ReportCompare
RETAIL PROPERTY DEVELOPMENTActiveChecked score 81/100
Risk analysis ReportCompare

Overview

Official details

KBO
Status
Active since 26-11-2004 Normal situation
Legal form
Public limited company
Registered office
Ernest Van Dijckkaai 10, 2000 Antwerpen
Activity
Development of non-residential building projects NACE 68122
Establishment unit
2.144.180.545 2000 Antwerpen, since 22-12-2004
Financial year end
31 December
Peppol
Reachable
Company details

Board and ownership

Board
  • JES CONSULTINGManaging director · permanent representative MOENS Emilie
  • VANTAGE REALTYManaging director · permanent representative VANDERPOORTEN Philippe
Shareholders
Holdings
Shares in 3 companies including RESIDENTIAL PROPERTY DEVELOPMENT and VAJAMO
Board & ownership

Financial position

81 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.4%
Annual accounts 2025
Gross margin
€77,337
Turnover
≈ €200,000
estimated
Loss
€204,351
▼ 65.9%
Equity
€2.6m
▼ 7.2%
Total assets
€11.3m
▲ 62.3%
Staff
0.7 FTE
▼ 12.5%
Net result +66%: other schema2025 accounts filed 56 days after the deadline
Filed on 25-09-2026at the National Bank
Financials
Score breakdownraises riskLast filed accounts filed 56 days late; 3 of the last 3 accounts lateLiquidity: current ratio 0.69, cash €743,084lowers riskSize: 0.7 FTE, total assets €11.3mFigures for financial year 2025 (filed on 01-10-2026)Show the evidence

Checked score

Score 2025
81 / 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 27% of micro companies in real estate (NACE 68)
Every signal that counts is listed under Signals.
Financial strength · tick: 2024
Weak
Solvency 48-18
equity 23.5% of total assets
Liquidity 17-9
short-term debt 76.4% · cash 6.6%
Profitability 18+10
return on assets -1.8%
Bankruptcy probability within 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%

About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (26,628 companies, NACE 68, micro)
Last 24 months 11-2024: 0.2% 12-2024: 0.2%● unchanged vs 11-2024 01-2025: 0.2%● unchanged vs 12-2024lowest value 02-2025: 0.2%● unchanged vs 01-2025lowest value 03-2025: 0.2%● unchanged vs 02-2025 04-2025: 0.2%● unchanged vs 03-2025 05-2025: 0.2%● unchanged vs 04-2025 06-2025: 0.2%● unchanged vs 05-2025 07-2025: 0.3%▲ +0.1 percentage points vs 06-2025 08-2025: 0.4%▲ +0.1 percentage points vs 07-2025 09-2025: 0.5%▲ +0.1 percentage points vs 08-2025 10-2025: 0.8%▲ +0.3 percentage points vs 09-2025 11-2025: 0.8%● unchanged vs 10-2025 12-2025: 0.8%● unchanged vs 11-2025 01-2026: 0.8%● unchanged vs 12-2025 02-2026: 0.8%● unchanged vs 01-2026 03-2026: 0.8%● unchanged vs 02-2026 04-2026: 0.8%● unchanged vs 03-2026 05-2026: 0.8%● unchanged vs 04-2026 06-2026: 0.8%● unchanged vs 05-2026 07-2026: 0.9%▲ +0.1 percentage points vs 06-2026 08-2026: 1.2%▲ +0.3 percentage points vs 07-2026highest value 09-2026: 1.1%▼ -0.1 percentage points vs 08-2026 10-2026: 0.4%▼ -0.7 percentage points vs 09-2026
Credit of up to €210,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.69 (1.61 in 2024), below 1. Short-term debt is 76.4% and cash 6.6% of total assets. 76.5% of the assets are financed with debt and provisions.
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, micro). It does better than 43% of them on solvency, 14% on liquidity, 19% on profitability and 31% on growth.

The bankruptcy probability was computed on 31-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

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Signals

Six signals.
lowers riskraises risk
raises risk · Last filed accounts filed 56 days late; 3 of the last 3 accounts late
NBB · filings
lowers risk · Size: 0.7 FTE, total assets €11.3m
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
raises risk · Liquidity: current ratio 0.69, cash €743,084
NBB · annual accounts
lowers risk · Figures for financial year 2025 (filed on 01-10-2026)
NBB · annual accounts
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025
Net result per financial year
1819202122232425
2018 to 2025 · latest year -€204,351
raises risk · 2025 accounts filed 56 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-09-2026, 56 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filings
Deviation from the deadline
2025
56 days late
2024
35 days late
2023
55 days late
2022
20 days early
2021
37 days early
2020
53 days early
2019
37 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average on the deadline day. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 4 September (4 of the last 5 filed years within 55 days of that day).
Companies Code · seven months
Where today falls in the filing period
01-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Caution: Lower net result than 88% of companies in real estatesector median €20,550 · 5,796 companies -€204,351 View
  • Positive: Result rose in 2025different schema filed ▲ 65.9% View
  • Caution: 2 loss-making years in a rowloss in financial year 2025 -€204,351 View

Documents

Annual accounts at the NBB

All 21 annual accounts

Acts in the Belgian Official Gazette

All publications in the Belgian Official Gazette

Articles and registers

Key facts about RETAIL PROPERTY DEVELOPMENT

What is the company number of RETAIL PROPERTY DEVELOPMENT?
The company number of RETAIL PROPERTY DEVELOPMENT is 0870.220.850. The VAT number is the same number with BE in front: BE 0870.220.850.
Where is RETAIL PROPERTY DEVELOPMENT based?
The registered office is at Ernest Van Dijckkaai 10, 2000 Antwerpen.Company details
What does RETAIL PROPERTY DEVELOPMENT do?
According to the KBO register, the main activity is development of non-residential building projects (NACE 68122).
What is the legal form of RETAIL PROPERTY DEVELOPMENT?
The legal form of RETAIL PROPERTY DEVELOPMENT is Public limited company (NV).
When was RETAIL PROPERTY DEVELOPMENT founded?
RETAIL PROPERTY DEVELOPMENT was founded on 26-11-2004.
Is RETAIL PROPERTY DEVELOPMENT still active?
Yes, RETAIL PROPERTY DEVELOPMENT is an active enterprise in the KBO register.
How many employees does RETAIL PROPERTY DEVELOPMENT have?
RETAIL PROPERTY DEVELOPMENT had an average of 0.7 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of RETAIL PROPERTY DEVELOPMENT?
The turnover in financial year 2025 is ≈ €200,000. This figure is estimated from the gross margin of €77,337 and 47 comparable companies (NACE 681). It probably lies between €100,000 and €420,000.
Is RETAIL PROPERTY DEVELOPMENT profitable?
In financial year 2025, RETAIL PROPERTY DEVELOPMENT made a loss of €204,351.
Where can I find the annual accounts of RETAIL PROPERTY DEVELOPMENT?
RETAIL PROPERTY DEVELOPMENT filed 21 annual accounts with the National Bank of Belgium, the latest for financial year 2025.Annual accounts at the National Bank
When are the next annual accounts of RETAIL PROPERTY DEVELOPMENT due?
RETAIL PROPERTY DEVELOPMENT must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

Companies linked to RETAIL PROPERTY DEVELOPMENT

Comparable companies

These companies have the same main activity as RETAIL PROPERTY DEVELOPMENT: development of non-residential building projects (NACE 68122). They are comparable in size and age: total assets between €2.8m and €14m, founded between 1996 and 2012.

CompanyTotal assetsGross margin
RETAIL PROPERTY DEVELOPMENT Antwerpen€11.3m€0.08m
NDC VASTGOED Antwerpen€6.0m€0.03m
Autonoom Gemeentebedrijf voor de Ontwikkeling van Sint-Truiden Sint-Truiden€13.9m€0.09m
A.D. REALISATIONS Chaudfontaine€9.6m€0.1m
DIADE Liège€6.6m€0.3m
RUVERBA Mol€3.5m€0.4m
L.A. INVEST Zandhoven€2.8m€0.3m
Full comparison

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