LAND
ActiveSummary
LAND has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €138k and a net result of €144k. Equity is growing by ~13.4% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100=
Solvency54▼-3
Growth78=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8k at 30 days only on tighter terms
Liquidity short (current ratio 0.77 against 0.59 in 2023; short-term debt: 52.1% and cash: 40% of total assets), and 70.9% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk
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
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-11-2025, 122 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
122 d late
2023
on the day
2022
on the day
2021
1 d early
2020
61 d late
2019
153 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€138k▲ 16.0%
2023 · €119k
2018: €65klowest in 7 years
2019: €69k▲ +7.0% vs 2018
2020: €75k▲ +7.9% vs 2019
2021: €80k▲ +6.3% vs 2020
2022: €94k▲ +18.2% vs 2021
2023: €119k▲ +26.5% vs 2022
2024: €138k▲ +16.0% vs 2023highest in 7 years
2018 → 2024
Total assets
€474k▲ 26.6%
2023 · €374k
2018: €309klowest in 7 years
2019: €325k▲ +5.4% vs 2018
2020: €343k▲ +5.3% vs 2019
2021: €532k▲ +55.4% vs 2020highest in 7 years
2022: €355k▼ -33.3% vs 2021
2023: €374k▲ +5.4% vs 2022
2024: €474k▲ +26.6% vs 2023
2018 → 2024
Net result
€144k▼ 3.9%
2023 · €150k
2018: €28klowest in 7 years
2019: €30k▲ +4.7% vs 2018
2020: €30k▲ +3.3% vs 2019
2021: €205k▲ +571% vs 2020highest in 7 years
2022: €114k▼ -44.1% vs 2021
2023: €150k▲ +31.0% vs 2022
2024: €144k▼ -3.9% vs 2023
2018 → 2024
Working capital
€-57k▲ 6.9%
2023 · €-62k
2018: €-42khighest in 7 years
2019: €-52k▼ -24.7% vs 2018
2020: €-61k▼ -17.9% vs 2019
2021: €-71k▼ -16.5% vs 2020
2022: €-72k▼ -0.5% vs 2021lowest in 7 years
2023: €-62k▲ +14.1% vs 2022
2024: €-57k▲ +6.9% vs 2023
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€75k-€80k▲ 6.3%€94k▲ 18.2%€119k▲ 26.5%€138k▲ 16.0%
2020: €75klowest in 5 years
2021: €80k▲ +6.3% vs 2020
2022: €94k▲ +18.2% vs 2021
2023: €119k▲ +26.5% vs 2022
2024: €138k▲ +16.0% vs 2023highest in 5 years
Operating result€35k-€209k▲ 494%€122k▼ 41.5%€159k▲ 29.8%€154k▼ 3.0%
2020: €35klowest in 5 years
2021: €209k▲ +494% vs 2020highest in 5 years
2022: €122k▼ -41.5% vs 2021
2023: €159k▲ +29.8% vs 2022
2024: €154k▼ -3.0% vs 2023
Net result€30k-€205k▲ 571%€114k▼ 44.1%€150k▲ 31.0%€144k▼ 3.9%
2020: €30klowest in 5 years
2021: €205k▲ +571% vs 2020highest in 5 years
2022: €114k▼ -44.1% vs 2021
2023: €150k▲ +31.0% vs 2022
2024: €144k▼ -3.9% vs 2023
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 3% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €474k
Fixed assets
€284k =
Current assets
€190k ▲ 110%
Equity and liabilities €474k
Equity
€138k ▲ 16.0%
Debt
€336k ▲ 31.5%
Debt's share of the balance-sheet total rises from 68.2% to 70.9%. Equity and debt are higher.
Key figures and ratios
Current ratio
0.77▲
2023 · 0.59
Debt to equity
2.43▲
2023 · 2.15
ROE
104.4%▼
2023 · 126.0%
ROA
30.4%▼
2023 · 40.0%
Debt ≤ 1 year
€247k▲
2023 · €152k
Debt > 1 year
€89k▼
2023 · €104k
Income taxes
€8k▲
2023 · €7k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 35 lines
Balance sheet
Code20232024
Assets
Total assets20/58€374k€474k▲
Fixed assets21/28€284k€284k=
Tangible fixed assets22/27€284k€284k=
Land and buildings22€284k€284k=
Current assets29/58€90k€190k▲
Cash at bank and in hand54/58€90k€190k▲
Equity and liabilities
Total equity and liabilities10/49€374k€474k▲
Equity10/15€119k€138k▲
Contributions10/11€31k€31k=
Reserves13€88k€107k▲
Distributable reserves133€88k€107k▲
Amounts payable17/49€256k€336k▲
Amounts payable after more than one year17€104k€89k▼
Financial debts170/4€104k€89k▼
Amounts payable within one year42/48€152k€247k▲
Current portion of amounts payable after more than one year42€15k€15k=
Trade debts44€5k€101k▲
Suppliers440/4€5k€101k▲
Taxes, remuneration and social security45€7k€6k▼
Taxes450/3€7k€6k▼
Other amounts payable47/48€125k€125k=
Income statement
Code20232024
Other operating charges640/8€24k€25k▲
Gross operating margin9900€183k€179k▼
Operating profit (loss)9901€159k€154k▼
Financial charges65/66B€2k€2k▼
Recurring financial charges65€2k€2k▼
Profit (loss) for the period before taxes9903€157k€152k▼
Income taxes67/77€7k€8k▲
Profit (loss) for the period9904€150k€144k▼
Profit (loss) for the period to be appropriated9905€150k€144k▼
Appropriation of the result
Profit (loss) to be appropriated9906€150k€144k▼
Transfer to equity691/2€25k€19k▼
To other reserves6921€25k€19k▼
Profit to be distributed694/7€125k€125k=
Directors or managers695€125k€125k=
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | - | €15k | €22k | €24k | €25k | ▲ 4.0% |
| Gross operating margin9900 | €50k | €224k | €144k | €183k | €179k | ▼ 2.1% |
| Operating profit (loss)9901 | €35k | €209k | €122k | €159k | €154k | ▼ 3.0% |
| Financial charges65/66B | - | €3k | €3k | €2k | €2k | ▼ 10.1% |
| Recurring financial charges65 | €3k | €3k | €3k | €2k | €2k | ▼ 10.1% |
| Profit (loss) for the period before taxes9903 | €32k | €206k | €120k | €157k | €152k | ▼ 2.9% |
| Income taxes67/77 | €1k | €2k | €5k | €7k | €8k | ▲ 19.7% |
| Profit (loss) for the period9904 | €30k | €205k | €114k | €150k | €144k | ▼ 3.9% |
| Profit (loss) for the period to be appropriated9905 | €30k | €205k | €114k | €150k | €144k | ▼ 3.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €343k | €532k | €355k | €374k | €474k | ▲ 26.6% |
| Fixed assets21/28 | €284k | €284k | €284k | €284k | €284k | = |
| Tangible fixed assets22/27 | €284k | €284k | €284k | €284k | €284k | = |
| Land and buildings22 | - | €284k | €284k | €284k | €284k | = |
| Current assets29/58 | €58k | €248k | €71k | €90k | €190k | ▲ 110% |
| Amounts receivable within one year40/41 | - | €174k | €21k | - | - | - |
| Trade receivables40 | - | €174k | €21k | - | - | - |
| Cash at bank and in hand54/58 | €58k | €74k | €50k | €90k | €190k | ▲ 110% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €343k | €532k | €355k | €374k | €474k | ▲ 26.6% |
| Equity10/15 | €75k | €80k | €94k | €119k | €138k | ▲ 16.0% |
| Contributions10/11 | - | €28k | €28k | €31k | €31k | = |
| Reserves13 | €47k | €51k | €66k | €88k | €107k | ▲ 21.7% |
| Non-distributable reserves130/1 | - | €3k | €3k | - | - | - |
| Reserves not available under the articles1311 | - | €3k | €3k | - | - | - |
| Distributable reserves133 | - | €48k | €63k | €88k | €107k | ▲ 21.7% |
| Amounts payable17/49 | €268k | €453k | €261k | €256k | €336k | ▲ 31.5% |
| Amounts payable after more than one year17 | €148k | €133k | €118k | €104k | €89k | ▼ 14.3% |
| Financial debts170/4 | - | €133k | €118k | €104k | €89k | ▼ 14.3% |
| Amounts payable within one year42/48 | €120k | €319k | €143k | €152k | €247k | ▲ 62.7% |
| Current portion of amounts payable after more than one year42 | - | €15k | €15k | €15k | €15k | = |
| Trade debts44 | €3k | €968 | €23k | €5k | €101k | ▲ 1,740% |
| Suppliers440/4 | - | €968 | €23k | €5k | €101k | ▲ 1,740% |
| Taxes, remuneration and social security45 | - | €3k | €5k | €7k | €6k | ▼ 3.2% |
| Taxes450/3 | - | €3k | €5k | €7k | €6k | ▼ 3.2% |
| Other amounts payable47/48 | - | €300k | €100k | €125k | €125k | = |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €30k | €205k | €114k | €150k | €144k | ▼ 3.9% |
| Operating cash flow (approximation) | €30k | €205k | €114k | €150k | €144k | ▼ 3.9% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €16k | €-24k | €40k | €99k | ▲ 148% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
30-11
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 122 days late
2024
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Equity above €100kEq €119k ▲26.5%
6 profitable years in a row build equity to €119k.
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Highest result since 2018net €205k ▲571%
Operating result €209k, net result €205k, both a record.
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 61 days late
2020
31-12
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 153 days late
2019
11-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
18-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
03-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
16-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 16 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
6 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, Hasselt · 1 establishment unit since 2013
Ground area
1,455 m²
Building footprint
203 m²
Parcel 71022H1475/00A000, Flanders. Linked by address, not a title deed.
7
companies at this address
See who is registered here
1 establishment unit
LAND BVBA
since 20132.218.009.720
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71022H1475/00A000 | Flanders | 1,455 m² | 1 · 203 m² | - |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Identification & contact
Identification
Legal formPrivate limited company
Founded27-12-2012
Fiscal year end31-12
Scores and ratios are computed by Checked and are not a credit decision.