LANDD
ActiveSummary
LANDD has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.51M and a net result of €3k. Equity is growing by ~20.3% per year across the filed fiscal years. Its solvency ranks better than 95% of 4556 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability38▼-36
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €110k at 30 days acceptable
Liquidity ample (current ratio 95.72 against 41.89 in 2024; short-term debt: 1% and cash: 1.6% of total assets), and 1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
99%
Return on assets
0.2%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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
31 d late
2024
29 d late
2023
27 d late
2022
24 d early
2021
23 d late
2020
44 d early
2019
66 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€3k▼ 98.8%
2024 · €226k
2018: €-9k
2019: €-14k▼ -46.9% vs 2018lowest in 8 years
2020: €-10k▲ +24.6% vs 2019
2021: €216k▲ +2185% vs 2020
2022: €16k▼ -92.7% vs 2021
2023: €31k▲ +97.1% vs 2022
2024: €226k▲ +630% vs 2023highest in 8 years
2025: €3k▼ -98.8% vs 2024
2018 → 2025
Working capital
€1.51M▲ 0.2%
2024 · €1.51M
2018: €-13k
2019: €-27k▼ -108% vs 2018lowest in 8 years
2020: €713k▲ +2789% vs 2019
2021: €929k▲ +30.3% vs 2020
2022: €1.25M▲ +35.0% vs 2021
2023: €1.29M▲ +2.8% vs 2022
2024: €1.51M▲ +17.1% vs 2023
2025: €1.51M▲ +0.2% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€929k-€1.25M▲ 35.0%€1.29M▲ 2.5%€1.51M▲ 17.6%€1.51M▲ 0.2%
2021: €929klowest in 5 years
2022: €1.25M▲ +35.0% vs 2021
2023: €1.29M▲ +2.5% vs 2022
2024: €1.51M▲ +17.6% vs 2023
2025: €1.51M▲ +0.2% vs 2024highest in 5 years
Operating result€283k-€23k▼ 91.9%€96k▲ 319%€379k▲ 296%€-5k
2021: €283k
2022: €23k▼ -91.9% vs 2021
2023: €96k▲ +319% vs 2022
2024: €379k▲ +296% vs 2023highest in 5 years
2025: €-5k▼ -101% vs 2024lowest in 5 years
Net result€216k-€16k▼ 92.7%€31k▲ 97.1%€226k▲ 630%€3k▼ 98.8%
2021: €216k
2022: €16k▼ -92.7% vs 2021
2023: €31k▲ +97.1% vs 2022
2024: €226k▲ +630% vs 2023highest in 5 years
2025: €3k▼ -98.8% vs 2024lowest in 5 years
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €5k after €379k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €1.53M
Equity
€1.51M ▲ 0.2%
Debt
€16k ▼ 56.8%
Debt's share of the balance-sheet total falls from 2.4% to 1.0%. Equity is higher and debt is lower.
Key figures and ratios
Current ratio
95.72▲
2024 · 41.89
Quick ratio
62.93▲
2024 · 27.71
Debt to equity
0.01▼
2024 · 0.02
ROE
0.2%▼
2024 · 14.9%
ROA
0.2%▼
2024 · 14.6%
Debt ≤ 1 year
€16k▼
2024 · €37k
Income taxes
€5k▼
2024 · €75k
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 · 2025 against 2024 · 40 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.55M€1.53M▼
Current assets29/58€1.55M€1.53M▼
Stocks and contracts in progress3€524k€524k=
Stocks30/36€524k€524k=
Amounts receivable within one year40/41€5k€0▼
Other amounts receivable41€5k€0▼
Current investments50/53-€982k
Cash at bank and in hand54/58€1.02M€24k▼
Deferred charges and accrued income490/1€104€11▼
Equity and liabilities
Total equity and liabilities10/49€1.55M€1.53M▼
Equity10/15€1.51M€1.51M▲
Contributions10/11€1.08M€1.08M=
Capital10€1.08M€1.08M=
Issued capital100€1.08M€1.08M=
Reserves13€433k€436k▲
Non-distributable reserves130/1€108k€108k=
Legal reserve130€108k€108k=
Distributable reserves133€325k€328k▲
Amounts payable17/49€37k€16k▼
Amounts payable within one year42/48€37k€16k▼
Financial debts43€14k€0▼
Credit institutions430/8€14k€0▼
Trade debts44€8k€346▼
Suppliers440/4€8k€346▼
Taxes, remuneration and social security45€15k€16k▲
Taxes450/3€15k€16k▲
Income statement
Code20242025
Other operating charges640/8€9k€2k▼
Gross operating margin9900€388k€-4k▼
Operating profit (loss)9901€379k€-5k▼
Financial income75/76B€601€14k▲
Recurring financial income75€601€14k▲
Financial charges65/66B€79k€215▼
Recurring financial charges65€79k€215▼
Profit (loss) for the period before taxes9903€301k€8k▼
Income taxes67/77€75k€5k▼
Profit (loss) for the period9904€226k€3k▼
Profit (loss) for the period to be appropriated9905€226k€3k▼
Appropriation of the result
Profit (loss) to be appropriated9906€226k€3k▼
Transfer to equity691/2€226k€3k▼
To other reserves6921€226k€3k▼
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Other operating charges640/8 | €809 | €2k | €6k | €9k | €2k | ▼ 78.9% |
| Gross operating margin9900 | €284k | €25k | €102k | €388k | €-4k | ▼ 101% |
| Operating profit (loss)9901 | €283k | €23k | €96k | €379k | €-5k | ▼ 101% |
| Financial income75/76B | €45 | €0 | €235 | €601 | €14k | ▲ 2,161% |
| Recurring financial income75 | €45 | €0 | €235 | €601 | €14k | ▲ 2,161% |
| Financial charges65/66B | €119 | €2k | €55k | €79k | €215 | ▼ 99.7% |
| Recurring financial charges65 | €119 | €2k | €55k | €79k | €215 | ▼ 99.7% |
| Profit (loss) for the period before taxes9903 | €283k | €21k | €41k | €301k | €8k | ▼ 97.4% |
| Income taxes67/77 | €67k | €5k | €10k | €75k | €5k | ▼ 92.9% |
| Profit (loss) for the period9904 | €216k | €16k | €31k | €226k | €3k | ▼ 98.8% |
| Profit (loss) for the period to be appropriated9905 | €216k | €16k | €31k | €226k | €3k | ▼ 98.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €996k | €1.34M | €3.80M | €1.55M | €1.53M | ▼ 1.2% |
| Current assets29/58 | €996k | €1.34M | €3.80M | €1.55M | €1.53M | ▼ 1.2% |
| Stocks and contracts in progress3 | €208k | €164k | €3.42M | €524k | €524k | = |
| Stocks30/36 | €208k | €164k | €3.42M | €524k | €524k | = |
| Amounts receivable within one year40/41 | €604k | €669k | €32k | €5k | €0 | ▼ 100% |
| Other amounts receivable41 | €604k | €669k | €32k | €5k | €0 | ▼ 100% |
| Current investments50/53 | - | - | €340k | - | €982k | - |
| Cash at bank and in hand54/58 | €184k | €504k | €8k | €1.02M | €24k | ▼ 97.6% |
| Deferred charges and accrued income490/1 | - | - | €867 | €104 | €11 | ▼ 89.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €996k | €1.34M | €3.80M | €1.55M | €1.53M | ▼ 1.2% |
| Equity10/15 | €929k | €1.25M | €1.29M | €1.51M | €1.51M | ▲ 0.2% |
| Contributions10/11 | €769k | €1.08M | €1.08M | €1.08M | €1.08M | = |
| Capital10 | €769k | €1.08M | €1.08M | €1.08M | €1.08M | = |
| Issued capital100 | €769k | €1.08M | €1.08M | €1.08M | €1.08M | = |
| Reserves13 | - | €176k | €207k | €433k | €436k | ▲ 0.6% |
| Non-distributable reserves130/1 | - | €108k | €108k | €108k | €108k | = |
| Legal reserve130 | - | €108k | €108k | €108k | €108k | = |
| Distributable reserves133 | - | €69k | €100k | €325k | €328k | ▲ 0.8% |
| Profit (loss) carried forward14 | €161k | €0 | - | - | - | - |
| Amounts payable17/49 | €67k | €82k | €2.51M | €37k | €16k | ▼ 56.8% |
| Amounts payable within one year42/48 | €67k | €82k | €2.51M | €37k | €16k | ▼ 56.8% |
| Financial debts43 | - | - | €2.49M | €14k | €0 | ▼ 100% |
| Credit institutions430/8 | - | - | €2.49M | €14k | €0 | ▼ 100% |
| Trade debts44 | €261 | €115 | €22k | €8k | €346 | ▼ 95.9% |
| Suppliers440/4 | €261 | €115 | €22k | €8k | €346 | ▼ 95.9% |
| Advances received on contracts in progress46 | - | €15k | - | - | - | - |
| Taxes, remuneration and social security45 | €67k | €67k | - | €15k | €16k | ▲ 3.7% |
| Taxes450/3 | €67k | €67k | - | €15k | €16k | ▲ 3.7% |
| Other amounts payable47/48 | €0 | - | - | - | - | - |
| Accrued charges and deferred income492/3 | - | - | €5k | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €216k | €16k | €31k | €226k | €3k | ▼ 98.8% |
| Operating cash flow (approximation) | €216k | €16k | €31k | €226k | €3k | ▼ 98.8% |
| Change in cash | - | €320k | €-496k | €1.01M | €-995k | ▼ 198% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 31 days late
2025
31-12
Financial
Liquidity doublescurrent ratio 95.72
Current ratio from 41.89 to 95.72; short-term debt falls from €37k to €16k.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 29 days late
2024
31-12
Financial
Highest result since 2018net €226k ▲630%
Operating result €379k, net result €226k, both a record.
31-12
Financial
Liquidity times 28current ratio 41.89
Current ratio from 1.51 to 41.89; short-term debt falls from €2.51M to €37k.
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 27 days late
2023
07-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Equity above €1MEq €1.25M ▲35%
2 profitable years in a row build equity to €1.25M.
23-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 23 days late
2021
31-12
Financial
Back to profitnet €216k
Net result €216k after 3 loss-making years.
31-12
Financial
Liquidity quadruplescurrent ratio 14.92
Current ratio from 4.12 to 14.92; short-term debt falls from €229k to €67k.
17-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Show earlier events
2020
31-12
Financial
Liquidity quadruplescurrent ratio 4.12
Current ratio from 0.96 to 4.12; short-term debt falls from €602k to €229k.
31-12
Financial
Equity above €500kEq €713k
Equity rises from €-27k to €713k.
05-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 66 days late
2019
31-12
Financial
Weakest financial yearnet €-14k
Net result drops to €-14k, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
30-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
10-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 10 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, Veurne · 1 establishment unit since 2015
Ground area
972 m²
Building footprint
360 m²
Volume, LiDAR
3,363 m³
Parcel 38025A0479/00G000, Flanders · tallest building 14.6 m, ±4 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
KRISTIVAN
since 20152.245.978.679
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 38025A0479/00G000 | Flanders | 972 m² | 1 · 360 m² | 14.6 m · 4 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
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Of 7,321 companies in sector 68110 we hold annual accounts for 5,384. 2,923 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded16-09-2015
Fiscal year end31-12
Trade name NL
LANDD, LANDD REAL ESTATE, LANDD DEVELOPMENT, LAND PROJECTEN, LANDD PROJECTS OF LAND PROJETS
Activities, NACEBEL 2025
68110Buying and selling of own real estate
66300Activities auxiliary to financial services and insurance activities
68201Renting and operating of own or leased residential real estate, excluding social housing
68203Renting and operating of own or leased non-residential real estate, excluding land
68204Real estate activities
Scores and ratios are computed by Checked and are not a credit decision.