LAND
ActiveSummary
The computed 12-month bankruptcy probability of LAND is 2.2% (moderate). The 2025 annual accounts show negative equity (-€57,690) and a net result of €8,171. Equity remains stable across the filed fiscal years (±1.7% per year). Its solvency ranks better than 15% of 18716 sector peers (fiscal year 2025). The company has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability73▲+63
Solvency0=
Growth78▲+46
Track record100
Bankruptcy probability, 12 months
2.2%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.99 against 0.86 in 2024; short-term debt: 72.1% and cash: 26.5% of total assets), and equity is negative.
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Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-26.8%
Return on assets
3.8%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 18716 sector peers (2025).
NBB · sector comparisonPosition among 18716 sector peers
Solvency
better than 15%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-08-2026, 29 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
29 d late
2024
56 d late
2023
2 d early
2022
7 d late
2021
6 d early
2020
1 d early
2019
60 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 20 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.
Checked, nothing found (2)
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. Usually files around 7 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€8,171
2024 · -€11,950
Working capital
-€1,452▲ 92.1%
2024 · -€18,443
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€19,731€1,433▼ 92.7%€3,114▲ 117%-€11,724€9,309
Net result€19,169within the sector's middle half€1,128within the sector's middle half▼ 94.1%€2,835within the sector's middle half▲ 151%-€11,950below the sector's middle half€8,171within the sector's middle half
Equity-€57,874below the sector's middle half▲ 24.9%-€56,746below the sector's middle half▲ 1.9%-€53,911below the sector's middle half▲ 5.0%-€65,861below the sector's middle half▼ 22.2%-€57,690below the sector's middle half▲ 12.4%
Total assets€168,501within the sector's middle half▲ 4.9%€216,841within the sector's middle half▲ 28.7%€254,644within the sector's middle half▲ 17.4%€177,708within the sector's middle half▼ 30.2%€215,344within the sector's middle half▲ 21.2%
Debt€226,375▼ 4.7%€273,587▲ 20.9%€308,555▲ 12.8%€243,569▼ 21.1%€273,033▲ 12.1%
Working capital€28,953within the sector's middle half▲ 653%€40,968within the sector's middle half▲ 41.5%€61,186within the sector's middle half▲ 49.4%-€18,443below the sector's middle half-€1,452within the sector's middle half▲ 92.1%
Solvency-34.3%below the sector's middle half▲ 13.6pp-26.2%below the sector's middle half▲ 8.2pp-21.2%below the sector's middle half▲ 5.0pp-37.1%below the sector's middle half▼ 15.9pp-26.8%below the sector's middle half▲ 10.3pp
Current ratio2.11within the sector's middle half▲ 1.011.44within the sector's middle half▼ 0.661.52within the sector's middle half▲ 0.080.86within the sector's middle half▼ 0.670.99within the sector's middle half▲ 0.14
Return on assets (ROA)11.4%within the sector's middle half▲ 22.3pp0.5%within the sector's middle half▼ 10.9pp1.1%within the sector's middle half▲ 0.6pp-6.7%below the sector's middle half▼ 7.8pp3.8%within the sector's middle half▲ 10.5pp
Staff (FTE)2▼ 33.3%2=3.1▲ 55.0%2.6▼ 16.1%2.9▲ 11.5%
above
within
below
the middle half (P25 to P75) of NACE 47, Retail trade, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €9,309 after a loss of €11,724 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €215,344
Fixed assets
€61,578 ▼ 10.6%
Current assets
€153,766 ▲ 41.3%
Key figures and ratios
EBITDA
€16,629▲
2024 · -€4,404
Cash flow
€15,491▲
2024 · -€4,630
Quick ratio
0.42▼
2024 · 0.47
Debt to equity
-4.73▼
2024 · -3.70
Interest coverage
13.01▲
2024 · -19.49
Debt ≤ 1 year
€155,218▲
2024 · €127,253
Debt > 1 year
€117,816▲
2024 · €116,316
Income taxes
€31
Staff costs
€103,363▲
2024 · €95,090
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,448 companies that looked in July 2024 the way this one looks now, 2.5% went bankrupt within 24 months and 92% are still going.
- Micro
- 20 years or older
- negative equity
- a profit under 5% of the balance sheet
2.5%
went bankrupt
4.8%
stopped otherwise
92%
still going
A further 0.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 1,448 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €12,563 | €6,865 | - | - | - | - |
| Remuneration, social security and pensions62 | €16,233 | €50,451 | €99,032 | €95,090 | €103,363 | ▲ 8.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,270 | €7,492 | €7,320 | €7,320 | €7,320 | = |
| Other operating charges640/8 | €428 | €348 | €554 | €767 | €550 | ▼ 28.4% |
| Non-recurring operating charges66A | €673 | - | €580 | €1,000 | €820 | ▼ 18.0% |
| Gross operating margin9900 | €44,335 | €59,722 | €110,600 | €92,454 | €121,362 | ▲ 31.3% |
| Operating profit (loss)9901 | €19,731 | €1,433 | €3,114 | -€11,724 | €9,309 | ▲ 179% |
| Financial income75/76B | - | - | €15 | €0 | €172 | ▲ 858,450% |
| Recurring financial income75 | - | - | €15 | €0 | €172 | ▲ 858,450% |
| Financial charges65/66B | €562 | €304 | €294 | €226 | €1,279 | ▲ 466% |
| Recurring financial charges65 | €562 | €304 | €294 | €226 | €1,279 | ▲ 466% |
| Profit (loss) for the period before taxes9903 | €19,169 | €1,128 | €2,835 | -€11,950 | €8,202 | ▲ 169% |
| Income taxes67/77 | - | - | - | - | €31 | - |
| Profit (loss) for the period9904 | €19,169 | €1,128 | €2,835 | -€11,950 | €8,171 | ▲ 168% |
| Profit (loss) for the period to be appropriated9905 | €19,169 | €1,128 | €2,835 | -€11,950 | €8,171 | ▲ 168% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €168,501 | €216,841 | €254,644 | €177,708 | €215,344 | ▲ 21.2% |
| Fixed assets21/28 | €113,417 | €83,538 | €76,218 | €68,898 | €61,578 | ▼ 10.6% |
| Intangible fixed assets21 | €36,769 | €30,466 | €24,163 | €17,859 | €11,556 | ▼ 35.3% |
| Tangible fixed assets22/27 | €4,907 | €5,369 | €4,352 | €3,336 | €2,319 | ▼ 30.5% |
| Furniture and vehicles24 | €335 | €1,483 | €1,153 | €823 | €493 | ▼ 40.1% |
| Other tangible fixed assets26 | €4,572 | €3,886 | €3,199 | €2,513 | €1,826 | ▼ 27.3% |
| Financial fixed assets28 | €71,740 | €47,703 | €47,703 | €47,703 | €47,703 | = |
| Current assets29/58 | €55,084 | €133,303 | €178,426 | €108,810 | €153,766 | ▲ 41.3% |
| Stocks and contracts in progress3 | €32,621 | €92,517 | €33,479 | €48,520 | €89,266 | ▲ 84.0% |
| Stocks30/36 | €32,621 | €92,517 | €33,479 | €48,520 | €89,266 | ▲ 84.0% |
| Amounts receivable within one year40/41 | €869 | €678 | - | €4,129 | €6,230 | ▲ 50.9% |
| Trade receivables40 | - | €678 | - | €2,249 | €3,054 | ▲ 35.8% |
| Other amounts receivable41 | €869 | - | - | €1,880 | €3,177 | ▲ 69.0% |
| Cash at bank and in hand54/58 | €19,083 | €40,108 | €142,853 | €55,219 | €57,084 | ▲ 3.4% |
| Deferred charges and accrued income490/1 | €2,511 | - | €2,093 | €942 | €1,185 | ▲ 25.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €168,501 | €216,841 | €254,644 | €177,708 | €215,344 | ▲ 21.2% |
| Equity10/15 | -€57,874 | -€56,746 | -€53,911 | -€65,861 | -€57,690 | ▲ 12.4% |
| Contributions10/11 | €11,200 | €11,200 | €11,200 | €11,200 | €11,200 | = |
| Profit (loss) carried forward14 | -€69,074 | -€67,946 | -€65,111 | -€77,061 | -€68,890 | ▲ 10.6% |
| Amounts payable17/49 | €226,375 | €273,587 | €308,555 | €243,569 | €273,033 | ▲ 12.1% |
| Amounts payable after more than one year17 | €200,244 | €181,252 | €191,316 | €116,316 | €117,816 | ▲ 1.3% |
| Other amounts payable178/9 | €200,244 | €181,252 | €191,316 | €116,316 | €117,816 | ▲ 1.3% |
| Amounts payable within one year42/48 | €26,131 | €92,335 | €117,239 | €127,253 | €155,218 | ▲ 22.0% |
| Trade debts44 | €15,739 | €61,652 | €68,301 | €84,628 | €107,385 | ▲ 26.9% |
| Suppliers440/4 | €15,739 | €61,652 | €68,301 | €84,628 | €107,385 | ▲ 26.9% |
| Taxes, remuneration and social security45 | €10,392 | €30,683 | €48,435 | €42,122 | €47,833 | ▲ 13.6% |
| Taxes450/3 | €6,977 | €18,059 | €24,475 | €16,434 | €21,701 | ▲ 32.0% |
| Remuneration and social security454/9 | €3,415 | €12,624 | €23,960 | €25,688 | €26,132 | ▲ 1.7% |
| Other amounts payable47/48 | - | - | €503 | €503 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €19,169 | €1,128 | €2,835 | -€11,950 | €8,171 | ▲ 168% |
| + Depreciation and write-downs630 | €7,270 | €7,492 | €7,320 | €7,320 | €7,320 | = |
| Operating cash flow (approximation) | €26,439 | €8,620 | €10,154 | -€4,630 | €15,491 | ▲ 435% |
| Investment in fixed assets (approximation) | - | €22,387 | €0 | €0 | €0 | - |
| Change in cash | - | €21,025 | €102,745 | -€87,634 | €1,865 | ▲ 102% |
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
Next filing, fiscal year 2026, expected by
2026
29-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 29 days late
2025
31-12
Financial
Back to profitnet €8,171
Net result €8,171 after one loss-making year.
25-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 56 days late
2024
29-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
07-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 7 days late
2022
25-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €19,169
Net result €19,169 after one loss-making year.
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Weakest financial yearnet -€17,619
Net result drops to -€17,619, the lowest in the series; recovery starts the following year.
29-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 60 days late
2019
28-02
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
24-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
18-07
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.
0 of 11 acts read
About the unread acts
We know of 11 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
11 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, Brussel · 3 establishment units since 2012
Ground area
333 m²
Building footprint
264 m²
Volume, LiDAR
3,551 m³
3 parcels, Brussels · tallest building 17.4 m, ±5 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
3 establishment units
LAND
since 20122.208.912.506
MAXI-GIFTS
since 20172.269.739.325
SOUVENIRS WOLRD
since 20182.282.734.355
3 parcels
Brussels
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21004A0437/00E000 | Brussels | 159 m² | 1 · 143 m² | 17.4 m · 5 fl. |
| 21004A0342/00C000 | Brussels | 89 m² | 1 · 56 m² | 14.8 m · 4 fl. |
| 21004A0349/00H000 | Brussels | 85 m² | 1 · 65 m² | 14.9 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
3 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Recognitions · licences · registrations
Food safety, FASFC
2 sitesBrussel2.269.739.325
Brussel2.282.734.355
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 899 companies in sector 47242 we hold annual accounts for 340. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded16-02-2005
Fiscal year end31-12
Activities, NACEBEL 2025
47242Retail sale of chocolate and confectionery
47784Retail sale of souvenirs and religious articles
E-invoicing
Reachable via Peppol
Peppol ID
0208:0871937156
Registered
05-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.