LAND ESTATE

Active

Private limited companyfounded 200817 yrs activeMolenstraat 8, 9270 Laarne, BelgiumKBO/BCE: BE 0808.540.431

Summary

The computed 12-month bankruptcy probability of LAND ESTATE is 6.2% (elevated). The 2022 annual accounts show equity of €47,649 and a net result of €4,966. Equity is growing by ~12.4% per year across the filed fiscal years. Its solvency ranks better than 45% of 17225 sector peers (fiscal year 2022). The company has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals.

Risk analysisWatch Report Compare

LAND ESTATEActive

Risk analysis Report Compare

Activity

Development of residential building projects

NACE 68121Real estate development NACE 41101

1 site

Size

€182,371total assets 2022

Equity: €47,649
Profit: €4,966

Turnover not published (abridged schema)

Financial health

Bankruptcy chance 12 m: 6.2%

2022 figures too old to score

Structure

Largest shareholder: SPETSAI · 50%

Accounts filed 71 d late0 of 6 deeds read

Signals- Figures for FY 2022 (filed 12-10-2023)- 3 financial years not filed after the legal deadline; latest accounts 71 days late; 1 of the last 3 late- Liquidity: current ratio 1.58, cash €3,096, halved+ Sector Real estate activities (NACE 68)Filed after the deadlineShow the evidence

Checked score

No current score

Figures too old

The available figures for FY 2022 are too old to assess current financial health.

Bankruptcy probability: Elevated

Financial strength, FY 2022 · tick = 2021

Weak

Solvency 51+7

equity 26.1% of total assets

Liquidity 19-37

short-term debt 63.5% · cash 1.7%

Profitability 44-5

return on assets 2.7%

Bankruptcy probability, 12 months

6.2% Elevated

0%0.5%1.5%4%10%≥ 25%

About 6 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (26,362 companies)

Last 24 months 11-2024: 3.5%lowest value 12-2024: 4.1%▲ +18.3% vs 11-2024 01-2025: 6.5%▲ +57.5% vs 12-2024 02-2025: 6.5%● 0.0% vs 01-2025 03-2025: 6.7%▲ +4.1% vs 02-2025 04-2025: 6.1%▼ -9.1% vs 03-2025 05-2025: 6.1%● 0.0% vs 04-2025 06-2025: 6.1%● 0.0% vs 05-2025 07-2025: 6.1%● 0.0% vs 06-2025 08-2025: 8.2%▲ +34.7% vs 07-2025 09-2025: 8.2%● 0.0% vs 08-2025 10-2025: 8.2%● 0.0% vs 09-2025 11-2025: 9.2%▲ +12.1% vs 10-2025highest value 12-2025: 9.2%● 0.0% vs 11-2025highest value 01-2026: 9.2%● 0.0% vs 12-2025highest value 02-2026: 6.5%▼ -29.5% vs 01-2026 03-2026: 6.5%● 0.0% vs 02-2026 04-2026: 6.5%● 0.0% vs 03-2026 05-2026: 6.5%● 0.0% vs 04-2026 06-2026: 6.5%● 0.0% vs 05-2026 07-2026: 6.5%● 0.0% vs 06-2026 08-2026: 6.2%▼ -4.2% vs 07-2026 09-2026: 6.2%● 0.0% vs 08-2026 10-2026: 6.2%● 0.0% vs 09-2026

Figures for FY 2022 (filed 12-10-2023) raises the probability
3 financial years not filed after the legal deadline; latest accounts 71 days late; 1 of the last 3 late raises the probability
Sector Real estate activities (NACE 68) lowers the probability
Liquidity: current ratio 1.58, cash €3,096, halved raises the probability

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Signals

Five signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Figures for FY 2022 (filed 12-10-2023)

In the bankruptcy model this factor raises the probability.

NBB · annual accounts

3 financial years not filed after the legal deadline; latest accounts 71 days late; 1 of the last 3 late

In the bankruptcy model this factor raises the probability.

NBB · filings

Sector Real estate activities (NACE 68)

In the bankruptcy model this factor lowers the probability.

KBO

Liquidity: current ratio 1.58, cash €3,096, halved

In the bankruptcy model this factor raises the probability.

NBB · annual accounts

Filed after the deadline

The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 10-10-2023, 71 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 filings

Deviation from the deadline

2022

71 d late

2021

on the day

2020

15 d late

2019

26 d late

2017

66 d early

2016

19 d early

2015

39 d early

← 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 2 days before the deadline; the sector median for financial year 2022 is 4 days before the deadline, and 39% of the sector filed late.

Checked, nothing found (1)

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage