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Lands

Active
Private limited companyfounded 201313 yrs activeManteliusstraat 26, 3500 Hasselt, BelgiumKBO/BCE: BE 0523.960.346

Lands has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €123k and a net result of €7k. Equity is growing by ~17.8% per year across the filed fiscal years. Its solvency ranks better than 95% of 9369 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).

Checked score

Score 2025
86 / 100
Excellent▼ -8 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability27▼-19
Solvency100=
Growth78=
Stability100
Bankruptcy probability, 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11k at 30 days acceptable
Liquidity ample (current ratio 7.16 against 9.67 in 2024), and 5.7% of the assets are financed with debt.
Credit advice for your own amount and term

Signals

Seven signals. The signal on the left, the evidence on the right.
lowers risk+raises riskneutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Sector 71
lower
← fewer bankruptcies more bankruptcies →
raises risk · Multiple establishment units
Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.
KBO · establishment units
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025
Solvency, return and age of the figures
Solvency
94.3%
Return on assets
5%
Age of the figures
14 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
elevated failure risk from 2 to 8 years 13 years 0 20 y
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 26-01-2026, 5 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
5 d early
2024
4 d early
2023
9 d early
2022
21 d late
2021
49 d early
2020
45 d early
2019
46 d early
← before the deadline after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven months
Position in the running window
30-06-2026 close12-09-2026 today31-01-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

Financials · fiscal year 2025, micro schema

Equity
€123k▲ 5.6%
2024 · €116k
2019: €41k 2020: €54k 2021: €98k 2022: €105k 2023: €106k 2024: €116k
2019 → 2025
Total assets
€130k▲ 4.7%
2024 · €124k
2019: €59k 2020: €62k 2021: €123k 2022: €119k 2023: €126k 2024: €124k
2019 → 2025
Net result
€7k▼ 38.2%
2024 · €11k
2019: €-7k 2020: €13k 2021: €44k 2022: €8k 2023: €199 2024: €11k
2019 → 2025
Working capital
€46k▼ 35.2%
2024 · €71k
2019: €5k 2020: €19k 2021: €66k 2022: €73k 2023: €59k 2024: €71k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise ▼ fall
Line20212022202320242025Trend
Equity€98k-€105k▲ 7.9%€106k▲ 0.2%€116k▲ 10.0%€123k▲ 5.6%
Operating result€61k-€12k▼ 80.6%€835▼ 93.0%€14k▲ 1,605%€10k▼ 32.2%
Net result€44k-€8k▼ 82.3%€199▼ 97.4%€11k▲ 5,233%€7k▼ 38.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
€0€20k€40k€60kOperating result 2021: €61k€61kNet result 2021: €44k€44kOperating result 2022: €12k€12kNet result 2022: €8k€8kOperating result 2023: €835€835Net result 2023: €199€199Operating result 2024: €14k€14kNet result 2024: €11k€11kOperating result 2025: €10k€10kNet result 2025: €7k€7k20212022202320242025
The operating result falls in 2025; 2025 is 32% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €130k
Fixed assets €77k▲ 68.5%
Current assets €53k▼ 32.4%
Equity and liabilities €130k
Equity €123k▲ 5.6%
Debt €7k▼ 8.7%
The debt ratio falls from 6.5% to 5.7%: equity grows while debt is paid down.
Key figures and ratios
2025 value · change against 2024
EBITDA
€20k
2024 · €21k
Cash flow
€17k
2024 · €17k
Solvency
94.3%
2024 · 93.5%
Current ratio
7.16
2024 · 9.67
Quick ratio
7.16
2024 · 9.67
Debt / equity
0.06
2024 · 0.07
ROE
5.3%
2024 · 9.1%
ROA
5.0%
2024 · 8.5%
Interest coverage
185.00
2024 · 110.59
Debt
€7k
2024 · €8k
Debt ≤ 1 year
€7k
2024 · €8k
Income taxes
€3k
2024 · €3k
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€124k€130k
Fixed assets21/28€46k€77k
Tangible fixed assets22/27€46k€77k
Plant, machinery and equipment23€40k€73k
Furniture and vehicles24€6k€4k
Current assets29/58€79k€53k
Amounts receivable within one year40/41€52k€43k
Trade receivables40€7k€15k
Other amounts receivable41€45k€28k
Cash at bank and in hand54/58€24k€8k
Deferred charges and accrued income490/1€2k€2k=
Equity and liabilities
Total equity and liabilities10/49€124k€130k
Equity10/15€116k€123k
Contributions10/11€6k€6k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€108k€115k
Amounts payable17/49€8k€7k
Amounts payable within one year42/48€8k€7k
Trade debts44€1k€755
Suppliers440/4€1k€755
Taxes, remuneration and social security45€7k€7k
Taxes450/3€7k€7k
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€10k
Other operating charges640/8€103-
Gross operating margin9900€21k€20k
Operating profit (loss)9901€14k€10k
Financial charges65/66B€189€106
Recurring financial charges65€189€106
Profit (loss) for the period before taxes9903€14k€10k
Income taxes67/77€3k€3k
Profit (loss) for the period9904€11k€7k
Profit (loss) for the period to be appropriated9905€11k€7k
Appropriation of the result
Profit (loss) to be appropriated9906€108k€115k
Profit (loss) brought forward from the previous period14P€98k€108k

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-01-2027
2026
26-01
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
27-01
NBB filing Annual accounts filed
fiscal year 2024 · micro schema
2024
30-06
Financial Liquidity doublescurrent ratio 9.67
Current ratio from 3.88 to 9.67; short-term debt falls from €20k to €8k.
22-01
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
21-02
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 21 days late
2022
30-06
Financial Equity above €100kEq €105k ▲7.9%
3 profitable years in a row build equity to €105k.
2021
13-12
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
30-06
Financial Highest result since 2019net €44k ▲239%
Operating result €61k, net result €44k, both a record.
2020
17-12
NBB filing Annual accounts filed
fiscal year 2020 · micro schema
30-06
Financial Back to profitnet €13k
Net result €13k after one loss-making year.
30-06
Financial Liquidity triplescurrent ratio 3.60
Current ratio from 1.29 to 3.60; short-term debt falls from €17k to €7k.
2019
16-12
NBB filing Annual accounts filed
fiscal year 2019 · micro schema
2018
19-12
NBB filing Annual accounts filed
fiscal year 2018 · micro schema
2017
14-12
NBB filing Annual accounts filed
fiscal year 2017 · micro schema
2016
19-12
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.

Directors · office · real estate

Directors
2 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, Hasselt · 2 establishment units since 2013
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.

Manteliusstraat 263500 Hasselt
Ground area
241 m²
Building footprint
163 m²
Volume, LiDAR
1,388 m³
2 parcels, Flanders · tallest building 11.5 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
LANDS
Manteliusstraat 26, 3500 HasseltHoldings
since 20132.217.632.905
LANDS
Manteliusstraat 28, 3500 HasseltHoldings
since 20232.350.767.284
2 parcels
Flanders 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
71327G0509/00R002 Flanders 121 m² 1 · 82 m² 11.5 m · 3 fl.
71327G0509/00A003 Flanders 120 m² 1 · 81 m² 11.0 m · 3 fl.
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Similar companies · same sector, comparable size

Of 18,210 companies in sector 71111 we hold annual accounts for 6,291. 5,404 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification
Legal formPrivate limited company
Founded19-03-2013
Fiscal year end30-06
Activities, NACEBEL
71111Activities of building architects
Sources
Crossroads Bank for EnterprisesNational Bank · 12 filingsAddress and cadastre registers

Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.