LANDECO
ActiveLANDECO has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €3.59M and a net result of €1.05M. Equity is growing by ~8.6% per year across the filed fiscal years. Its solvency ranks better than 87% of 11297 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
85
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+20
Solvency100=
Growth85=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €300k at 30 days acceptable
Liquidity short (current ratio 0.77 against 2.24 in 2024; short-term debt: 13% and cash: 6.8% of total assets), and 13% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
87%
Return on assets
25.4%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← 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
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 01-04-2026, 121 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
121 d early
2024
119 d early
2023
30 d early
2022
31 d early
2021
34 d early
2020
33 d early
2019
32 d early
← before the deadline
after the deadline →
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
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€390k▲ 21.9%
2018 · €320k
2018: €320k
2018 → 2019
EBIT margin
61.0%▲ 13.1pp
2018 · 48.0%
2018: 48.0%
2018 → 2019
Net result
€1.05M▲ 169%
2024 · €390k
2018: €107k
2019: €315k
2020: €408k
2021: €-150k
2022: €267k
2023: €513k
2024: €390k
2018 → 2025
Working capital
€-121k
2024 · €533k
2018: €142k
2019: €385k
2020: €-88k
2021: €-533k
2022: €-295k
2023: €126k
2024: €533k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€2.67M-€2.94M▲ 10.0%€3.45M▲ 17.5%€3.84M▲ 11.3%€3.59M▼ 6.5%
Operating result€-129k-€159k€302k▲ 89.7%€570k▲ 88.7%€448k▼ 21.4%
Net result€-150k-€267k€513k▲ 92.0%€390k▼ 24.0%€1.05M▲ 169%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 21% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.13M
Fixed assets
€3.71M▲ 12.2%
Current assets
€416k▼ 56.8%
Equity and liabilities €4.13M
Equity
€3.59M▼ 6.5%
Debt
€537k▲ 24.9%
The debt ratio rises from 10.1% to 13.0%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€586k▼
2024 · €628k
Cash flow
€1.19M▲
2024 · €448k
Solvency
87.0%▼
2024 · 89.9%
Current ratio
0.77▼
2024 · 2.24
Quick ratio
0.77▼
2024 · 2.24
Debt / equity
0.15▲
2024 · 0.11
ROE
29.2%▲
2024 · 10.2%
ROA
25.4%▲
2024 · 9.1%
Interest coverage
33.43▲
2024 · 14.52
Debt
€537k▲
2024 · €430k
Debt ≤ 1 year
€537k▲
2024 · €430k
Income taxes
€291k▲
2024 · €182k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€4.27M€4.13M▼
Fixed assets21/28€3.31M€3.71M▲
Tangible fixed assets22/27€1.77M€2.17M▲
Land and buildings22€1.60M€1.87M▲
Plant, machinery and equipment23€63k€58k▼
Furniture and vehicles24€103k€240k▲
Financial fixed assets28€1.54M€1.54M=
Current assets29/58€963k€416k▼
Amounts receivable within one year40/41€30k€1k▼
Trade receivables40€661€725▲
Other amounts receivable41€30k€500▼
Current investments50/53€754k€127k▼
Cash at bank and in hand54/58€174k€279k▲
Deferred charges and accrued income490/1€4k€9k▲
Equity and liabilities
Total equity and liabilities10/49€4.27M€4.13M▼
Equity10/15€3.84M€3.59M▼
Contributions10/11€1.55M€795k▼
Reserves13€2.29M€2.79M▲
Distributable reserves133€2.29M€2.79M▲
Profit (loss) carried forward14€0€0=
Amounts payable17/49€430k€537k▲
Amounts payable within one year42/48€430k€537k▲
Trade debts44€802€2k▲
Suppliers440/4€802€2k▲
Taxes, remuneration and social security45€94k€198k▲
Taxes450/3€94k€198k▲
Other amounts payable47/48€335k€337k▲
Income statement
Code20242025
Non-recurring operating income76A-€22k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€57k€138k▲
Other operating charges640/8€2k€2k▲
Gross operating margin9900€630k€588k▼
Operating profit (loss)9901€570k€448k▼
Financial income75/76B€45k€909k▲
Recurring financial income75€45k€909k▲
Financial charges65/66B€43k€18k▼
Recurring financial charges65€43k€18k▼
Profit (loss) for the period before taxes9903€572k€1.34M▲
Income taxes67/77€182k€291k▲
Profit (loss) for the period9904€390k€1.05M▲
Profit (loss) for the period to be appropriated9905€390k€1.05M▲
Appropriation of the result
Profit (loss) to be appropriated9906€1.48M€1.05M▼
Profit (loss) brought forward from the previous period14P€1.09M€0▼
Transfer from equity791/2-€546k
Transfer to equity691/2€1.48M€1.05M▼
To other reserves6921€1.48M€1.05M▼
Profit to be distributed694/7-€546k
Return on contributions (dividend)694-€546k
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
01-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €1.05M ▲169%
Net result €1.05M, the highest in the series.
03-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
01-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity times 5current ratio 1.27
Current ratio from 0.27 to 1.27.
30-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €267k
Net result €267k after one loss-making year.
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €-150k ▼137%
Net result drops to €-150k, the lowest in the series; recovery starts the following year.
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
29-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-12
Financial
Liquidity times 5current ratio 13.99
Current ratio from 2.82 to 13.99; short-term debt falls from €78k to €30k.
01-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
03-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
07-07
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.
Directors · office · real estate
Directors
5 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, Wielsbeke · 1 establishment unit since 2011
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Vlasstraat(S.B.V.) 338710 WielsbekeGround area
4,793 m²
Building footprint
334 m²
Parcel 37014B0636/00D000, Flanders. Linked by address, not a title deed.
1 establishment unit
Vlasstraat(S.B.V.) 33, 8710 Wielsbeke
since 20112.207.239.057
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37014B0636/00D000 | Flanders | 4,793 m² | 1 · 334 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
549300EGY1FO8OTDUB39
Similar companies · same sector, comparable size
FIMEVA TRADING
BE 0430.930.715
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BINDSOL
BE 0793.511.666
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ROBINSON
BE 0437.771.292
Herentals · Eq €3.55M
J.L.
BE 0883.782.341
Roeselare · Eq €3.53M
AUCTIONPORT
BE 0686.968.747
Antwerpen · Eq €3.67M
Of 6,155 companies in sector 46190 we hold annual accounts for 2,570. 548 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded07-06-2011
Fiscal year end31-12
Activities, NACEBEL
46190Agents in non-specialised wholesale trade
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.