LANDELO
ActiveSummary
LANDELO has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €1.06M and a net result of €109k. Equity is growing by ~4.6% per year across the filed fiscal years. Its solvency ranks better than 87% of 1851 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2024
74
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability79▲+6
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €75k at 30 days acceptable
Liquidity short (current ratio 0.15 against 0.59 in 2023; short-term debt: 20% and cash: 1.4% of total assets), and 20.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four 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 49
Relative position
BE, all sectors
reference
Sector 49
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
79.1%
Return on assets
8.1%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 01-07-2025, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
30 d early
2023
34 d early
2022
42 d early
2021
37 d early
2020
17 d early
2019
29 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€1.06M▲ 4.6%
2023 · €1.01M
2018: €821k
2019: €883k
2020: €928k
2021: €973k
2022: €1.02M
2023: €1.01M
2018 → 2024
Total assets
€1.34M▲ 13.8%
2023 · €1.18M
2018: €1.16M
2019: €1.15M
2020: €1.16M
2021: €1.17M
2022: €1.20M
2023: €1.18M
2018 → 2024
Net result
€109k▲ 171%
2023 · €40k
2018: €223k
2019: €62k
2020: €45k
2021: €45k
2022: €51k
2023: €40k
2018 → 2024
Working capital
€-228k▼ 376%
2023 · €-48k
2018: €-49k
2019: €-20k
2020: €3k
2021: €-31k
2022: €-36k
2023: €-48k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€928k-€973k▲ 4.9%€1.02M▲ 5.2%€1.01M▼ 1.0%€1.06M▲ 4.6%
Operating result€72k-€73k▲ 1.0%€80k▲ 10.9%€65k▼ 19.1%€61k▼ 6.5%
Net result€45k-€45k▲ 0.2%€51k▲ 11.5%€40k▼ 20.6%€109k▲ 171%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 6% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.34M
Fixed assets
€1.30M ▲ 17.1%
Current assets
€40k ▼ 41.4%
Equity and liabilities €1.34M
Equity
€1.06M ▲ 4.6%
Debt
€281k ▲ 69.7%
Debt's share of the balance-sheet total rises from 14.0% to 20.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€93k▼
2023 · €99k
Cash flow
€141k▲
2023 · €74k
Current ratio
0.15▼
2023 · 0.59
Debt to equity
0.26▲
2023 · 0.16
ROE
10.3%▲
2023 · 4.0%
ROA
8.1%▲
2023 · 3.4%
Interest coverage
80.24▲
2023 · 59.65
Debt ≤ 1 year
€269k▲
2023 · €116k
Debt > 1 year
€12k▼
2023 · €49k
Income taxes
€29k▲
2023 · €23k
Staff costs
€4k
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 · 2024 against 2023 · 50 lines
Balance sheet
Code20232024
Assets
Total assets20/58€1.18M€1.34M▲
Fixed assets21/28€1.11M€1.30M▲
Tangible fixed assets22/27€358k€548k▲
Land and buildings22€294k€285k▼
Plant, machinery and equipment23-€2k
Furniture and vehicles24€64k€261k▲
Financial fixed assets28€753k€753k=
Current assets29/58€68k€40k▼
Amounts receivable within one year40/41€41k€20k▼
Trade receivables40€39k€20k▼
Other amounts receivable41€2k€0▼
Cash at bank and in hand54/58€26k€19k▼
Deferred charges and accrued income490/1€2k€1k▼
Equity and liabilities
Total equity and liabilities10/49€1.18M€1.34M▲
Equity10/15€1.01M€1.06M▲
Contributions10/11€651k€651k=
Reserves13€308k€355k▲
Distributable reserves133€308k€355k▲
Profit (loss) carried forward14€54k€54k=
Amounts payable17/49€166k€281k▲
Amounts payable after more than one year17€49k€12k▼
Financial debts170/4€49k€12k▼
Amounts payable within one year42/48€116k€269k▲
Current portion of amounts payable after more than one year42€36k€37k▲
Trade debts44€6k€4k▼
Suppliers440/4€6k€4k▼
Taxes, remuneration and social security45€7k€14k▲
Taxes450/3-€14k
Remuneration and social security454/9€7k€0▼
Other amounts payable47/48€66k€213k▲
Income statement
Code20232024
Remuneration, social security and pensions62-€4k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€34k€32k▼
Other operating charges640/8€6k€6k▲
Gross operating margin9900€105k€103k▼
Operating profit (loss)9901€65k€61k▼
Financial income75/76B-€78k
Recurring financial income75-€78k
Financial charges65/66B€2k€1k▼
Recurring financial charges65€2k€1k▼
Profit (loss) for the period before taxes9903€63k€138k▲
Income taxes67/77€23k€29k▲
Profit (loss) for the period9904€40k€109k▲
Profit (loss) for the period to be appropriated9905€40k€109k▲
Appropriation of the result
Profit (loss) to be appropriated9906€94k€163k▲
Profit (loss) brought forward from the previous period14P€54k€54k=
Transfer from equity791/2€50k€62k▲
Transfer to equity691/2€40k€109k▲
To other reserves6921€40k€109k▲
Profit to be distributed694/7€50k€62k▲
Return on contributions (dividend)694€50k€62k▲
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
01-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Weakest financial yearnet €40k ▼20.6%
Net result drops to €40k, the lowest in the series; recovery starts the following year.
19-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Equity above €1MEq €1.02M ▲5.2%
5 profitable years in a row build equity to €1.02M.
24-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
14-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
02-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
05-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
26-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
28-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated 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, Kortrijk · 1 establishment unit since 2002
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.
Minister A.De Clercklaan(Kor) 208500 KortrijkGround area
5,794 m²
Building footprint
231 m²
Volume, LiDAR
1,076 m³
Parcel 37008B0429/00C002, Flanders · tallest building 6.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Vijvestraat 1, 8720 Dentergem
since 20022.114.190.521
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37008B0429/00C002 | Flanders | 5,794 m² | 1 · 231 m² | 6.5 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via establishment units: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 12,604 companies in sector 49410 we hold annual accounts for 8,202. 4,037 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded16-10-2002
Fiscal year end31-12
Activities, NACEBEL 2025
49410Freight transport by road
70200Business and other management consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 22 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.