LANDEXPLO
ActiveSummary
LANDEXPLO has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €25.1m and a net result of -€3,504. Equity is growing by ~32.8% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability37▼-1
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,500,000 at 30 days acceptable
Liquidity ample (current ratio 2.1 against 43.98 in 2024; short-term debt: 19.8% and cash: 2.3% of total assets), and 21.3% of the assets are financed with debt.
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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
78.7%
Return on assets
0%
Age of the figures
12 mo
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 30-09-2025 was due by 30-04-2026 and was filed on 15-01-2026, 105 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
105 d early
2024
79 d early
2023
119 d early
2022
97 d early
2021
99 d early
2020
116 d early
2019
132 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 107 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 21 January (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€25.1m▲ 55.9%
2024 · €16.1m
Total assets
€31.9m▲ 78.3%
2024 · €17.9m
Net result
-€3,504
2024 · €35,681
Working capital
€6.9m▼ 48.0%
2024 · €13.3m
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€45,435▲ 298%-€102,763€96,576-€2,842-€3,504▼ 23.3%
Net result€536,460▲ 75.2%€6.8m▲ 1,165%€345,241▼ 94.9%€35,681▼ 89.7%-€3,504
Equity€4.3m▲ 9.3%€10.9m▲ 154%€16.1m▲ 47.6%€16.1m▲ 0.2%€25.1m▲ 55.9%
Total assets€6.7m▲ 10.8%€12.7m▲ 90.4%€17.2m▲ 35.7%€17.9m▲ 4.0%€31.9m▲ 78.3%
Debt€2.4m▲ 13.7%€1.8m▼ 24.5%€1.1m▼ 36.8%€1.8m▲ 57.8%€6.8m▲ 281%
Working capital€3.1m▲ 9.8%€11.2m▲ 266%€14.0m▲ 24.6%€13.3m▼ 4.9%€6.9m▼ 48.0%
Staff (FTE)000
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Why a figure moved sharply
- 2022 Net result +1,165% on 2021. The accounts now follow the abbreviated schema, last year the micro schema.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €3,504 in 2025 against €2,842 in 2024; the loss grows.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €31.9m
Fixed assets
€18.7m ▲ 336%
Current assets
€13.2m ▼ 2.8%
Equity and liabilities €31.9m
Equity
€25.1m ▲ 55.9%
Debt
€6.8m ▲ 281%
Debt's share of the balance-sheet total rises from 10.0% to 21.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
-€2,031
Cash flow
-€2,031
Current ratio
2.10▼
2024 · 43.98
Debt to equity
0.27▲
2024 · 0.11
ROE
0.0%▼
2024 · 0.2%
ROA
0.0%▼
2024 · 0.2%
Debt ≤ 1 year
€6.3m▲
2024 · €309,095
Debt > 1 year
€0▼
2024 · €1.1m
Income taxes
€0▼
2024 · €11,894
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €204 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | - | - | - | €1,473 | - |
| Other operating charges640/8 | - | €500 | €11 | €0 | - | - |
| Gross operating margin9900 | €45,435 | -€102,263 | €96,587 | -€2,842 | -€2,031 | ▲ 28.6% |
| Operating profit (loss)9901 | €45,435 | -€102,763 | €96,576 | -€2,842 | -€3,504 | ▼ 23.3% |
| Financial income75/76B | - | €7.0m | €419,367 | €114,345 | €0 | ▼ 100.0% |
| Recurring financial income75 | €602,461 | €7.0m | €419,367 | €114,345 | €0 | ▼ 100.0% |
| Financial charges65/66B | - | €84,843 | €75,554 | €63,929 | €0 | ▼ 100% |
| Recurring financial charges65 | €103,436 | €84,843 | €75,554 | €58,966 | €0 | ▼ 100% |
| Non-recurring financial charges66B | - | - | - | €4,962 | €0 | ▼ 100% |
| Profit (loss) for the period before taxes9903 | €544,460 | €6.8m | €440,389 | €47,574 | -€3,504 | ▼ 107% |
| Income taxes67/77 | €8,000 | €16,000 | €95,148 | €11,894 | €0 | ▼ 100% |
| Profit (loss) for the period9904 | €536,460 | €6.8m | €345,241 | €35,681 | -€3,504 | ▼ 110% |
| Profit (loss) for the period to be appropriated9905 | €536,460 | €6.8m | €345,241 | €35,681 | -€3,504 | ▼ 110% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €6.7m | €12.7m | €17.2m | €17.9m | €31.9m | ▲ 78.3% |
| Fixed assets21/28 | €2.1m | €815,500 | €3.2m | €4.3m | €18.7m | ▲ 336% |
| Financial fixed assets28 | €2.1m | €815,500 | €3.2m | €4.3m | €18.7m | ▲ 336% |
| Current assets29/58 | €4.5m | €11.9m | €14.0m | €13.6m | €13.2m | ▼ 2.8% |
| Amounts receivable after more than one year29 | - | €9.1m | €7.0m | €0 | - | - |
| Other amounts receivable291 | - | €9.1m | €7.0m | €0 | - | - |
| Stocks and contracts in progress3 | €22,125 | €27,186 | €0 | €17,639 | €0 | ▼ 100% |
| Stocks30/36 | - | €27,186 | €0 | €17,639 | €0 | ▼ 100% |
| Amounts receivable within one year40/41 | €3.7m | €2.3m | €2.7m | €13.6m | €12.1m | ▼ 10.7% |
| Trade receivables40 | - | €10,058 | €43,671 | €0 | - | - |
| Other amounts receivable41 | - | €2.3m | €2.7m | €13.6m | €12.1m | ▼ 10.7% |
| Cash at bank and in hand54/58 | €800,895 | €408,440 | €4.3m | €18,249 | €747,829 | ▲ 3,998% |
| Deferred charges and accrued income490/1 | - | - | - | - | €346,655 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €6.7m | €12.7m | €17.2m | €17.9m | €31.9m | ▲ 78.3% |
| Equity10/15 | €4.3m | €10.9m | €16.1m | €16.1m | €25.1m | ▲ 55.9% |
| Contributions10/11 | €2.9m | €2.9m | €7.7m | €7.7m | €16.7m | ▲ 117% |
| Capital10 | - | €2.9m | €7.7m | €7.7m | €16.7m | ▲ 117% |
| Issued capital100 | - | €2.9m | €7.7m | €7.7m | €16.7m | ▲ 117% |
| Reserves13 | €673,730 | €833,730 | €850,992 | €1.3m | €1.3m | = |
| Non-distributable reserves130/1 | - | €287,500 | €304,762 | €770,931 | €770,931 | = |
| Legal reserve130 | - | €287,500 | €304,762 | €770,931 | €770,931 | = |
| Distributable reserves133 | - | €546,230 | €546,230 | €546,230 | €546,230 | = |
| Profit (loss) carried forward14 | €734,823 | €7.2m | €7.5m | €7.1m | €7.1m | = |
| Amounts payable17/49 | €2.4m | €1.8m | €1.1m | €1.8m | €6.8m | ▲ 281% |
| Amounts payable after more than one year17 | €920,250 | €1.1m | €1.1m | €1.1m | €0 | ▼ 100% |
| Financial debts170/4 | - | €13 | €0 | - | - | - |
| Other amounts payable178/9 | - | €1.1m | €1.1m | €1.1m | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €1.4m | €638,970 | €0 | €309,095 | €6.3m | ▲ 1,937% |
| Current portion of amounts payable after more than one year42 | - | €250,000 | €0 | - | - | - |
| Financial debts43 | - | - | - | - | €2.1m | - |
| Credit institutions430/8 | - | - | - | - | €2.1m | - |
| Trade debts44 | €756 | €0 | - | - | - | - |
| Suppliers440/4 | - | €0 | - | - | - | - |
| Taxes, remuneration and social security45 | - | €16,000 | €0 | €16,825 | €0 | ▼ 100% |
| Taxes450/3 | - | €16,000 | €0 | €16,825 | €0 | ▼ 100% |
| Other amounts payable47/48 | - | €372,970 | €0 | €292,270 | €4.2m | ▲ 1,324% |
| Accrued charges and deferred income492/3 | - | €100,000 | €0 | €404,305 | €488,005 | ▲ 20.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €536,460 | €6.8m | €345,241 | €35,681 | -€3,504 | ▼ 110% |
| + Depreciation and write-downs630 | - | - | - | - | €1,473 | - |
| Operating cash flow (approximation) | €536,460 | €6.8m | €345,241 | €35,681 | -€2,031 | ▼ 106% |
| Investment in fixed assets (approximation) | - | €1.3m | -€2.4m | -€1.1m | -€14.4m | ▼ 1,245% |
| Change in cash | - | -€392,455 | €3.8m | -€4.2m | €729,581 | ▲ 117% |
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
15-01
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-09
Financial
Weakest financial yearnet -€3,504
Net result drops to -€3,504, the lowest in the series.
30-09
Financial
Equity above €25mEq €25.1m ▲55.9%
Equity rises from €16.1m to €25.1m.
10-02
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
02-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
23-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-09
Financial
Highest result since 2018net €6.8m ▲1,165%
Net result €6.8m, the highest in the series.
30-09
Financial
Liquidity times 6current ratio 18.55
Current ratio from 3.12 to 18.55; short-term debt falls from €1.4m to €638,970.
30-09
Financial
Equity above €10mEq €10.9m ▲154%
5 profitable years in a row build equity to €10.9m.
21-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
04-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2019
20-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2018
20-12
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
16-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
13-02
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 19 acts read
About the unread acts
We know of 19 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
19 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, Schaarbeek · 1 establishment unit since 2010
Ground area
227 m²
Building footprint
117 m²
Volume, LiDAR
1,335 m³
Parcel 21902A0424/00V000, Brussels · tallest building 17.9 m, ±5 floors. Linked by address, not a title deed.
15
companies at this address
See who is registered here
1 establishment unit
Landexplo
since 20102.186.254.492
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21902A0424/00V000 | Brussels | 227 m² | 1 · 117 m² | 17.9 m · 5 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.
Structure & network
Heads the group
LANDEXPLO
11 companies
Group, risk and exposure
Owners and holdings
3 owners · 7 holdings · 10 subsidiaries in the treeOwners 3
-
41.87%
- Sourceaccounts Ivexplo 202429%
-
28%
Holdings 7
-
100%
- LANDEXPLO KOLMENsubsidiarySourceown accounts 30-09-2025100%
- LANDEXPLO MAASMECHELENsubsidiarySourceown accounts 30-09-2025100%
-
100%
-
100%
- LANDEXPLO WESTsubsidiaryEquity €15,604Result -€1,381100%
-
75%
All subsidiaries, including indirect ones 10
Companies in which this company or one of its subsidiaries holds more than half, or which it consolidates according to the LEI register.
- LANDEXPLO BROUWERIJ 100%
LANDEXPLO KOLMEN 100%1 subsidiary
- Dorpsplein 100%
- LANDEXPLO MAASMECHELEN 100%
- LANDEXPLO RESIDENTIEEL 100%
- LANDEXPLO SERVICES 100%
- LANDEXPLO WEST 100%
LANDEXPLO MAASEIK 75%2 subsidiaries
- BLEUMERVELD VASTGOED 100%
- NOVA EYCKE 100%
According to the annual accounts to 30-09-2025 of LANDEXPLO and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Identification & contact
Identification
Legal formPublic limited company
Founded03-03-2010
Fiscal year end30-09
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
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If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.