LAND9
ActiveSummary
LAND9 has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €132,453 and a net result of €56,557. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 36% of 1226 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability85▼-3
Solvency55▲+9
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9,000 at 30 days acceptable
Liquidity short (current ratio 0.5 against 0.37 in 2024; short-term debt: 55% and cash: 25.7% of total assets), and 70.1% of the assets are financed with debt.
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Signals
Five 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 81
Relative position
BE, all sectors
reference
Services to buildings and landscape activities (NACE 81)
about 79% 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
29.9%
Return on assets
12.8%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €132,453
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-03-2026, 122 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
122 d early
2024
16 d early
2023
2 d early
2022
7 d early
2021
13 d early
2020
25 d early
2019
59 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 18 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 43% 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 18 July (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, abbreviated schema
Equity
€132,453▲ 74.5%
2024 · €75,896
Total assets
€442,371▲ 22.5%
2024 · €360,997
Net result
€56,557▲ 2.7%
2024 · €55,075
Working capital
-€122,445▲ 11.3%
2024 · -€138,038
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 81, Services to buildings and landscape activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€5,320▲ 51.0%€83,652▲ 1,472%-€32,928€63,861€78,685▲ 23.2%
Net result€879within the sector's middle half▼ 41.4%€57,604within the sector's middle half▲ 6,457%-€33,281below the sector's middle half€55,075within the sector's middle half€56,557within the sector's middle half▲ 2.7%
Equity-€3,503below the sector's middle half▲ 20.1%€54,101below the sector's middle half€20,820below the sector's middle half▼ 61.5%€75,896below the sector's middle half▲ 265%€132,453within the sector's middle half▲ 74.5%
Total assets€269,598within the sector's middle half▼ 9.4%€301,013below the sector's middle half▲ 11.7%€288,315below the sector's middle half▼ 4.2%€360,997below the sector's middle half▲ 25.2%€442,371within the sector's middle half▲ 22.5%
Debt€232,220▼ 11.1%€181,281▼ 21.9%€201,864▲ 11.4%€219,470▲ 8.7%€244,287▲ 11.3%
Working capital-€182,707below the sector's middle half▲ 7.9%-€105,413below the sector's middle half▲ 42.3%-€182,551below the sector's middle half▼ 73.2%-€138,038below the sector's middle half▲ 24.4%-€122,445below the sector's middle half▲ 11.3%
Solvency-1.3%below the sector's middle half▲ 0.2pp18.0%below the sector's middle half▲ 19.3pp7.2%below the sector's middle half▼ 10.8pp21.0%below the sector's middle half▲ 13.8pp29.9%within the sector's middle half▲ 8.9pp
Current ratio0.21below the sector's middle half▼ 0.030.42below the sector's middle half▲ 0.200.09below the sector's middle half▼ 0.320.37below the sector's middle half▲ 0.280.50below the sector's middle half▲ 0.13
Return on assets (ROA)0.3%below the sector's middle half▼ 0.2pp19.1%above the sector's middle half▲ 18.8pp-11.5%below the sector's middle half▼ 30.7pp15.3%above the sector's middle half▲ 26.8pp12.8%above the sector's middle half▼ 2.5pp
Staff (FTE)
above
within
below
the middle half (P25 to P75) of NACE 81, Services to buildings and landscape activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 23% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €442,371
Fixed assets
€321,520 ▲ 14.7%
Current assets
€120,851 ▲ 49.6%
Equity and liabilities €442,371
Equity
€132,453 ▲ 74.5%
Provisions
€65,631 =
Debt
€244,287 ▲ 11.3%
Debt's share of the balance-sheet total falls from 60.8% to 55.2%. Equity and debt are higher.
Key figures and ratios
EBITDA
€99,518▲
2024 · €80,775
Cash flow
€77,390▲
2024 · €71,989
Debt to equity
1.84▼
2024 · 2.89
ROE
42.7%▼
2024 · 72.6%
Interest coverage
69.66▲
2024 · 23.94
Debt ≤ 1 year
€243,295▲
2024 · €218,798
Income taxes
€20,699▲
2024 · €6,770
Staff costs
€61,804▲
2024 · €60,318
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 5,053 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 96% are still going.
- Micro
- 10 to 20 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
2.4%
stopped otherwise
96%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% 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 5,053 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 |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €47,880 | €51,533 | €59,593 | €60,318 | €61,804 | ▲ 2.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14,834 | €14,001 | €18,270 | €16,914 | €20,833 | ▲ 23.2% |
| Other operating charges640/8 | €1,658 | €1,621 | €2,153 | €5,174 | €414 | ▼ 92.0% |
| Gross operating margin9900 | €69,692 | €150,807 | €47,089 | €146,267 | €161,736 | ▲ 10.6% |
| Operating profit (loss)9901 | €5,320 | €83,652 | -€32,928 | €63,861 | €78,685 | ▲ 23.2% |
| Financial income75/76B | €43 | €736 | €3,968 | €1,358 | €0 | ▼ 100% |
| Recurring financial income75 | €43 | €736 | €3,968 | €1,358 | €0 | ▼ 100% |
| Financial charges65/66B | €3,190 | €1,592 | €3,921 | €3,373 | €1,429 | ▼ 57.6% |
| Recurring financial charges65 | €3,190 | €1,592 | €3,921 | €3,373 | €1,429 | ▼ 57.6% |
| Profit (loss) for the period before taxes9903 | €2,173 | €82,796 | -€32,881 | €61,846 | €77,256 | ▲ 24.9% |
| Transfer to deferred taxes680 | - | €24,750 | €0 | - | - | - |
| Income taxes67/77 | €1,294 | €442 | €400 | €6,770 | €20,699 | ▲ 206% |
| Profit (loss) for the period9904 | €879 | €57,604 | -€33,281 | €55,075 | €56,557 | ▲ 2.7% |
| Transfer to tax-exempt reserves689 | - | €74,250 | €0 | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €879 | -€16,646 | -€33,281 | €55,075 | €56,557 | ▲ 2.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €269,598 | €301,013 | €288,315 | €360,997 | €442,371 | ▲ 22.5% |
| Fixed assets21/28 | €220,085 | €225,361 | €269,427 | €280,237 | €321,520 | ▲ 14.7% |
| Tangible fixed assets22/27 | €220,085 | €225,361 | €269,427 | €280,237 | €321,520 | ▲ 14.7% |
| Land and buildings22 | €210,993 | €218,464 | €252,405 | €264,747 | €296,854 | ▲ 12.1% |
| Plant, machinery and equipment23 | - | - | - | - | €13,227 | - |
| Furniture and vehicles24 | €5,123 | €3,834 | €14,866 | €14,240 | €10,607 | ▼ 25.5% |
| Other tangible fixed assets26 | €3,969 | €3,062 | €2,156 | €1,250 | €833 | ▼ 33.3% |
| Current assets29/58 | €49,514 | €75,652 | €18,888 | €80,760 | €120,851 | ▲ 49.6% |
| Amounts receivable within one year40/41 | €48,251 | €14,748 | €6,240 | €9,695 | €4,906 | ▼ 49.4% |
| Trade receivables40 | €41,190 | €8,430 | €4,981 | €9,695 | €3,605 | ▼ 62.8% |
| Other amounts receivable41 | €7,060 | €6,318 | €1,259 | €0 | €1,301 | - |
| Cash at bank and in hand54/58 | €332 | €60,455 | €11,008 | €70,560 | €113,488 | ▲ 60.8% |
| Deferred charges and accrued income490/1 | €931 | €450 | €1,641 | €505 | €2,457 | ▲ 386% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €269,598 | €301,013 | €288,315 | €360,997 | €442,371 | ▲ 22.5% |
| Equity10/15 | -€3,503 | €54,101 | €20,820 | €75,896 | €132,453 | ▲ 74.5% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €66 | €74,316 | €74,250 | €74,250 | €113,853 | ▲ 53.3% |
| Non-distributable reserves130/1 | €66 | €66 | €0 | - | - | - |
| Reserves not available under the articles1311 | €66 | €66 | €0 | - | - | - |
| Tax-exempt reserves132 | - | €74,250 | €74,250 | €74,250 | €74,250 | = |
| Distributable reserves133 | - | - | - | - | €39,603 | - |
| Profit (loss) carried forward14 | -€22,169 | -€38,815 | -€72,030 | -€16,954 | €0 | ▲ 100% |
| Provisions and deferred taxes16 | €40,881 | €65,631 | €65,631 | €65,631 | €65,631 | = |
| Provisions for liabilities and charges160/5 | €40,881 | €40,881 | €40,881 | €40,881 | €40,881 | = |
| Pensions and similar obligations160 | €40,881 | €40,881 | €40,881 | €40,881 | €40,881 | = |
| Deferred taxes168 | - | €24,750 | €24,750 | €24,750 | €24,750 | = |
| Amounts payable17/49 | €232,220 | €181,281 | €201,864 | €219,470 | €244,287 | ▲ 11.3% |
| Amounts payable within one year42/48 | €232,220 | €181,065 | €201,440 | €218,798 | €243,295 | ▲ 11.2% |
| Financial debts43 | €4,700 | €0 | - | - | - | - |
| Credit institutions430/8 | €4,700 | €0 | - | - | - | - |
| Trade debts44 | €22,956 | €27,069 | €65,015 | €39,425 | €52,321 | ▲ 32.7% |
| Suppliers440/4 | €22,956 | €27,069 | €65,015 | €39,425 | €52,321 | ▲ 32.7% |
| Taxes, remuneration and social security45 | €20,623 | €25,665 | €12,842 | €29,807 | €22,199 | ▼ 25.5% |
| Taxes450/3 | €12,456 | €10,887 | €1,287 | €23,041 | €10,219 | ▼ 55.6% |
| Remuneration and social security454/9 | €8,167 | €14,778 | €11,555 | €6,766 | €11,980 | ▲ 77.1% |
| Other amounts payable47/48 | €183,941 | €128,331 | €123,583 | €149,567 | €168,776 | ▲ 12.8% |
| Accrued charges and deferred income492/3 | - | €216 | €424 | €672 | €992 | ▲ 47.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €879 | €57,604 | -€33,281 | €55,075 | €56,557 | ▲ 2.7% |
| + Depreciation and write-downs630 | €14,834 | €14,001 | €18,270 | €16,914 | €20,833 | ▲ 23.2% |
| Operating cash flow (approximation) | €15,712 | €71,605 | -€15,011 | €71,989 | €77,390 | ▲ 7.5% |
| Investment in fixed assets (approximation) | - | -€19,277 | -€62,335 | -€27,724 | -€62,116 | ▼ 124% |
| Change in cash | - | €60,123 | -€49,447 | €59,552 | €42,929 | ▼ 27.9% |
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
31-03
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Equity above €100,000Eq €132,453 ▲74.5%
2 profitable years in a row build equity to €132,453.
15-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Back to profitnet €55,075
Net result €55,075 after one loss-making year.
29-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet -€33,281
Net result drops to -€33,281, the lowest in the series; recovery starts the following year.
24-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2018net €57,604 ▲6,457%
Operating result €83,652, net result €57,604, both a record.
18-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
06-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
28-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 59 days late
2019
31-12
Financial
Back to profitnet €490
Net result €490 after one loss-making year.
Show earlier events
24-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
03-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 3 days late
2017
17-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Nazareth-De Pinte · 1 establishment unit since 2007
Ground area
382 m²
Building footprint
382 m²
Volume, LiDAR
2,631 m³
Parcel 44048C0128/00B000, Flanders · tallest building 8.7 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
ALDRIK HEIRMAN
since 20072.165.029.706
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44048C0128/00B000 | Flanders | 382 m² | 1 · 382 m² | 8.7 m · 2 fl. |
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.
Similar companies · same sector, comparable size
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Nijlen · Eq €132,380
PLASKIE
BE 0563.666.505
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INTOE
BE 0545.725.958
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INDUCAR HERMANS DIRK
BE 0424.655.112
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Of 21,227 companies in sector 81300 we hold annual accounts for 4,369. 3,578 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded17-08-2007
Fiscal year end31-12
Activities, NACEBEL 2025
71113Urban planning and landscape architecture
81300Landscape service activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0891587376
Also
9925:BE0891587376
Registered
19-11-2025
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.