Equity
-€2.2m
Debts exceed assets in financial year 2025.
Land Aalst
Lifetime
13 annual accounts with figures on one time axispeak €123,445 (2025)
€123,445▲ €137,335
lowest -€1.0m (2022)
-€211,020▲ €268,224
peak €111,151 (2014)
-€2.2m▼ €211,020
€20.7m▲ 5.2%
peak 0 FTE (2023)
0 FTE
Board5 names since 2018
2 directorsBERT WEEMAES and 1 other
Owners4 names in the annual accounts
100%C-LIVING and 1 other
Documentsfilings and deeds
14-07-202617 days before the deadline
2025abbreviated format
Gross margin from -€13,890 to €123,445Loss of €211,020Company renamed from LANDEXPLO AALST to Land Aalst 29-01
Key points
from the 2025 annual accountsLosses
-€2.3m in eleven years
Every financial year from 2015 to 2025 closed with a loss. 2022 was the heaviest.
Turnover
≈ €310,000 estimated
The accounts state no turnover.
Debts
€20.7m 112% of the balance sheet
Financial debts 79%Suppliers 2%Other 19%
€16.3m of the debts are secured on the company's own assets. In 2021 that was €5.3m.
Filings
13 annual accounts since 2013
Two of the last ten came late. The 2022 accounts came latest: 64 days after the end of the period.
At the same address
39 companies
Checked score
53
Fair
Financially stronger than 17% of medium-sized companies without a NACE code
Probability in this band: 1.5% to 4.2%
Negative equity caps the score at 59.
Bankruptcy probability within 12 months
0.7% Low
0%0.5%1.5%4%10%≥ 25%
About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.2%lowest value
01-2025: 0.2%● unchanged vs 12-2024
02-2025: 0.3%▲ +0.1 percentage points vs 01-2025
03-2025: 0.2%▼ -0.1 percentage points vs 02-2025
04-2025: 0.2%● unchanged vs 03-2025
05-2025: 0.3%▲ +0.1 percentage points vs 04-2025
06-2025: 0.3%● unchanged vs 05-2025
07-2025: 0.4%▲ +0.1 percentage points vs 06-2025
08-2025: 0.9%▲ +0.5 percentage points vs 07-2025
09-2025: 0.9%● unchanged vs 08-2025
10-2025: 0.9%● unchanged vs 09-2025
11-2025: 0.9%● unchanged vs 10-2025
12-2025: 0.9%● unchanged vs 11-2025
01-2026: 1.0%▲ +0.1 percentage points vs 12-2025highest value
02-2026: 1.0%● unchanged vs 01-2026highest value
03-2026: 1.0%● unchanged vs 02-2026
04-2026: 0.9%▼ -0.1 percentage points vs 03-2026
05-2026: 0.9%● unchanged vs 04-2026
06-2026: 0.9%● unchanged vs 05-2026
07-2026: 0.9%● unchanged vs 06-2026
08-2026: 0.7%▼ -0.2 percentage points vs 07-2026
09-2026: 0.7%● unchanged vs 08-2026
10-2026: 0.7%● unchanged vs 09-2026
11-2026: 0.7%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Capped at 59: negative equity
Liquidity: current ratio 3.01, cash €8,914
Negative equity -€2.2m
Founded in 2012
lowers risk
Size: total assets €18.5m
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (no NACE code, medium-sized). It does better than 2% of them on solvency, 24% on liquidity, 29% on profitability and 13% on growth.
The bankruptcy probability was computed on 09-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 129 companies had the same profile as Land Aalst has now. Each dot is one company, two years later.
95.3%
were still trading
2.3%
stopped another way
1.6%
went bankrupt
Another 0.8% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of Land Aalst itself: 0.7% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 129 companies, not a prediction for Land Aalst. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
No credit on open account
Liquidity is ample, with a current ratio of 3.01 (3.68 in 2024), above the usual 1.5. Short-term debt is 23.5% and cash 0% of total assets. However, equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€2.2m
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 14-07-2026, 17 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
17 days early
2024
29 days early
2023
30 days late
2022
64 days late
2021
20 days early
2020
19 days early
2019
19 days early
← before the deadline
after the deadline →
tick = median of all Belgian filings
The company filed its last 7 accounts on average 1 day before the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 14 July (4 of the last 5 accounts filed within 48 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Company renamed from LANDEXPLO AALST to Land Aalst
Resignation: CORDEEL GROUP (director) · Director discharge: CORDEEL GROUP · Gazette deed
General meeting of 31-07-2024
Gazette deed
Reappointment: VGD Bedrijfsrevisoren (statutory auditor)
Permanent representative: Roose Bart · General meeting of 30-06-2023 · Gazette deed
3 directors appointed, 2 resignations
Issue of 1,000 shares · Resignations: CORDEEL GROUP and BERT WEEMAES · Permanent representatives: CORDEEL Filip Frans Yvonne, WEEMAES Bert and GACOIN Laurence · Gazette deed
Official details
Source: KBO- Status
- Active since 16-05-2012Normal situation
- Registered office
- 40 active companies are registered at this address4 started in the 12 months before. Source: KBO register, as of 10 November 2026.
- Activity
- “Het kopen en verkopen, verhuren, bouwen en verbouwen, van alle eigendommen, goederen en rechten…” (deed in Dutch)From the articles, 10 activitiesNo NACE code in the KBO yet
- Establishment unit
- 2.237.554.8241030 Schaerbeek, since 16-05-2012
- Financial year end
- 31 December
- Peppol
- Reachable
Annual accounts 2025
- €18.5m▲ 4.6%
- Filing
- Filed on 14-07-2026, 17 days before the end of the filing period
Companies linked to Land Aalst
Parent and group
Insights on Land Aalst
Land Aalst files the abbreviated format. That format states no turnover. The gross margin rose from -€3,451 in 2013 to €123,445 in 2025.
C-LIVING holds all the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Land Aalst
- What is the company number of Land Aalst?
- The company number of Land Aalst is 0846.242.549. The VAT number is the same number with BE in front: BE 0846.242.549.
- Where is Land Aalst based?
- The registered office is at Industrielaan 18, 3730 Bilzen-Hoeselt.Company details
- What is the legal form of Land Aalst?
- Land Aalst is a private limited company (BV).
- When was Land Aalst founded?
- Land Aalst was founded on 16-05-2012.
- Is Land Aalst still active?
- Yes, Land Aalst is an active enterprise in the KBO register.
- What is the turnover of Land Aalst?
- The turnover in financial year 2025 is ≈ €310,000. This figure is estimated from the gross margin of €123,445 and 1,649 comparable companies of the same size. It probably lies between €190,000 and €590,000. It is a rough estimate.Financials
- Is Land Aalst profitable?
- In financial year 2025, Land Aalst made a loss of €211,020.
- Where can I find the annual accounts of Land Aalst?
- Land Aalst filed 13 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Land Aalst due?
- Land Aalst must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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