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LAND AND FOREST DEVELOPMENT

Active
Public limited company·Gemengd landbouwbedrijf· 39 yrs active
Rue des Hautes Arches sn ·5340 Gesves, Belgium
KBO/BCE: BE 0429.688.917
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Belgian State Gazette acts: 1 of 3 read
Age39 yrs
Real estate2 parcels · 1.8 ha

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of LAND AND FOREST DEVELOPMENT is 0.1% (very low). The 2023 annual accounts show negative equity (€-250k) and a net result of €27k. Equity is growing by ~6.7% per year across the filed fiscal years. The company has been active since 1986 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 6 annual accounts.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone
0.1% Very low
0%0,5%1,5%4%10%≥25%
Lower-failure-rate sector −Long track record −Lower-risk legal form −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Filing behaviour

From the deposit records, complete market-wide
Annual accounts not filed
The financial year that closed on 31-12-2024 was due at the National Bank by 31-07-2025. Nothing is on record today, 398 days later. 2 financial years are missing in total. Measured on financial year 2023: 41.75% of the companies that did not file are in an abnormal legal state today, against 1.66% of those that did.
Latest accounts filed on time
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 21-06-2024, 40 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.
How we compute the deadline
The year end is derived from 10 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2023, that is 31-07-2024.
Deadline per financial year
Year closed Due by Filed Variance Reference
31-12-2025 31-07-2026 nothing on record not filed -
31-12-2024 31-07-2025 nothing on record not filed -
31-12-2023 31-07-2024 21-06-2024 40 d early 2024-00147979
31-12-2022 31-07-2023 06-10-2023 67 d late 2023-00475755
31-12-2021 31-07-2022 14-10-2022 75 d late 2022-20461485
31-12-2020 31-07-2021 22-07-2022 356 d late 2022-20214543
31-12-2019 31-07-2020 18-12-2020 140 d late 2020-76500149
31-12-2018 31-07-2019 30-08-2019 30 d late 2019-57700176
31-12-2017 31-07-2018 29-08-2018 29 d late 2018-52800427
31-12-2016 31-07-2017 24-08-2017 24 d late 2017-47000009
31-12-2015 31-07-2016 24-08-2016 24 d late 2016-46000360
31-12-2014 31-07-2015 25-08-2015 25 d late 2015-47300500

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals
Long-established
Founded in 1986, 39 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Financials

TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€27k+34.1%
Working capital€-550k+6.0%

Annual accounts & ratios

Source: NBB · 2023
Annual accounts filed on 21-06-2024 with the NBB · fiscal year 2023 · micro
€-400k€-200k€0€200kOperating result 2019: €128k€128kNet result 2019: €-334k€-334kOperating result 2020: €8k€8kNet result 2020: €8k€8kOperating result 2021: €-3k€-3kNet result 2021: €-5k€-5kOperating result 2022: €21k€21kNet result 2022: €20k€20kOperating result 2023: €27k€27kNet result 2023: €27k€27k20192020202120222023
Operating resultNet result
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing Equity: growth of ~6.7%/year over 6 fiscal years, indicative, assuming unchanged policy.
€-500k€-400k€-300k€-200k€-100k2024: €-234k (€-256k - €-212k)2025: €-214k (€-249k - €-179k)2026: €-194k (€-243k - €-146k)2018: €-427k2019: €-300k2020: €-292k2021: €-297k2022: €-277k2023: €-250k201820192020202120222023202420252026
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

EBITDA
€39k
+21.2% 18-23
Net profit
€27k
+34.1% 18-23
Cash flow
€39k
+22.8% 18-23
Total assets
€359k
-4.5% 18-23
Equity
€-250k
+9.6% 18-23
Working capital
€-550k
+6.0% 18-23
Income taxes
€1
-32.6% 18-23
Debt
€609k
-6.7% 18-23
Show 9 other metrics
Debt ≤ 1y
€609k
-6.7% 18-23
Debt > 1y
€16k
-56.8% 18-23
Current ratio
0.10
-6.5% 18-23
Quick ratio
0.10
-6.5% 18-23
Solvency
-69.8%
+5.3% 18-23
Debt / equity
-2.43
-3.2% 18-23
ROE
-10.7%
-48.4% 18-23
ROA
7.4%
+40.5% 18-23
Interest coverage
70.04
+86.4% 18-23
Figures by fiscal year
Fiscal year2023
Depositmicro
Revenue-
EBITDA€39k
Net profit€27k
Cash flow€39k
Staff costs-
Income taxes-
Dividends-
Total assets€359k
Equity€-250k
Debt€609k
of which ≤ 1y€609k
of which > 1y-
Working capital€-550k
Employees (FTE)-
Ratios (computed)
2023
Current ratio0.10
Quick ratio0.10
Working capital ratio-153.5%
Solvency-69.8%
Debt / equity-2.43
Long-term debt ratio-
Interest coverage70.04
Gross margin-
Net margin-
ROA7.4%
ROE-10.7%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2023
Full annual accounts (21 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2023
Balance sheet, Assets
TOTAL ASSETS 20/58€359k
Fixed assets 21/28€300k
Tangible fixed assets 22/27€300k
Current assets 29/58€59k
Amounts receivable within one year 40/41€48k
Cash & bank 54/58€11k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€359k
Equity 10/15€-250k
Contributions / capital 10/11€31k
Reserves 13€3k
Accumulated profits (losses) 14€-285k
Amounts payable 17/49€609k
Amounts payable within one year 42/48€609k
Trade debts payable within one year 44€64
Income statement
Gross operating margin 9900€42k
Operating result 9901€27k
Financial income 75€14
Financial charges 65€563
Result before taxes 9903€27k
Net result for the period 9904€27k
Result to be appropriated 9905€27k
This table shows the latest fiscal year. 4 prior years, with figures and ratios, belong to a paid plan. See plans →
Ratios computed by Checked.

Health barometer

FY 2023 · computed
16 / 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.

The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.

See plans →
Computed by Checked from the NBB filing for FY 2023. Indicative, not credit advice.

Directors

Directors & mandates

2 directors
2 of this company's 3 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing below: a director who resigned there may therefore still show here as sitting. See the acts under Publications.
Current directors & mandates
  • Ingrid LEPER
    Administrateur et administrateur délégué
    State Gazette act 26109780 (31-08-2026)
    Current
    31-08-2026 → present
Former directors (1)
  • Michel Eliat-Eliat
    Director
    State Gazette act 26109780 (31-08-2026)
    Former
    - → 31-08-2026
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.

Insolvency mandates

No insolvency mandates (liquidators, administrators) on record for this company.

Legal Structure

NACE primary Gemengd landbouwbedrijf(01500)
Legal form Public limited company(014)
Incorporation21-10-1986
StatusActive
Postal code5340

Structure & network

Locations & real estate

Registered office

on the map · from the address register
approximate (street level) On OpenStreetMap

Establishment units

1 location
LA SOCIETE
Rue des Hautes Arches 7, 5340 GesvesTeelt van oliehoudende zaden en van peulvruchten : aardnoten, sojabonen, koolzaad, enz
since 19862.034.307.754
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels2
Ground area1.8 ha
Buildings2
Building footprint253 m²

Real-estate footprint

Source: CBE × cadastre · address linking

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.
92060C0222/00B007 Wallonia 1.7 ha 1 · 179 m² -
92060C0222/00C007 Wallonia 64 m² 1 · 74 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.

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgian State Gazette · acts

1 of 3 acts read

Of the 3 Belgian State Gazette acts we know for this company, 1 has been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

What every Belgian State Gazette publication actually says, each act broken down into appointments, capital movements, seat moves and statute amendments.

2026
31-08-2026 General meeting · Director resignation · Director appointment
3 facts
  • General meeting , 2026-07-31
  • Director resignation, Michel Eliat-Eliat (administrateur)
  • Director appointment, Ingrid LEPER (administrateur et administrateur délégué)

Analysis

Financial profile

5 of 5 axes measured
Health16Profitability0Solvency33Growth78Stability100
45 / 100

Mixed profile: strong on stability, weaker on profitability.

All 5 axes are computed from data Checked has read.

Health 16
Profitability 0
Solvency 33
Growth 78
Stability 100

Credit advice

verdict per customer and amount

May this customer buy amount X on invoice? Enter the amount and the payment term. This page computes a GREEN, AMBER or RED verdict from them, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.

Similar

Similar companies

Same sector and region
We hold no filed accounts for this company, so a size comparison is not possible. These companies share only the sector and the region. We hold annual accounts for 165 of the 20,654 companies in this sector.

Company registry

Company registry (CBE)

Crossroads Bank
Activities
Gemengd landbouwbedrijf01500Diensten in verband met de landbouw; aanleg en onderhoud van tuinen en parken01410Landschapsverzorging81300
Primary activity highlighted.
Names & trade names
Legal nameFR LAND AND FOREST DEVELOPMENT
Registered office
Rue des Hautes Arches sn
5340 Gesves, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.