LANTMAN
ActiveSummary
LANTMAN has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €368,617 and a net result of €161,058. Equity is growing by ~9.8% per year across the filed fiscal years. Its solvency ranks better than 57% of 69 sector peers (fiscal year 2026). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2026
Axes · tick = 2025
Profitability100=
Solvency85▼-11
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30,000 at 30 days acceptable
Liquidity ample (current ratio 1.74 against 1.76 in 2025; short-term debt: 39.8% and cash: 14.1% of total assets), and 39.8% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← 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 2026Solvency, return and age of the figures
Solvency
60.2%
Return on assets
26.3%
Age of the figures
6 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 21-09-2026, 40 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
40 d early
2025
38 d early
2024
147 d early
2023
119 d early
2022
126 d early
2021
80 d early
2020
2 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 79 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-03-2027 close31-10-2027 deadline
History
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Financials · fiscal year 2026, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€161,058▲ 41.2%
2025 · €114,084
Working capital
€179,601▲ 104%
2025 · €87,982
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20222023202420252026
Operating result€5,779▼ 67.0%€16,121▲ 179%€1,733▼ 89.3%€17,041▲ 883%€182,559▲ 971%
Net result€3,463below the sector's middle half▼ 80.0%€13,581within the sector's middle half▲ 292%€276below the sector's middle half▼ 98.0%€114,084within the sector's middle half▲ 41,299%€161,058▲ 41.2%
Equity€150,618within the sector's middle half▲ 2.4%€164,199within the sector's middle half▲ 9.0%€164,475within the sector's middle half▲ 0.2%€278,559within the sector's middle half▲ 69.4%€368,617▲ 32.3%
Total assets€321,438below the sector's middle half▲ 6.4%€285,224below the sector's middle half▼ 11.3%€265,233below the sector's middle half▼ 7.0%€394,873within the sector's middle half▲ 48.9%€612,464▲ 55.1%
Debt€170,820▲ 10.2%€121,024▼ 29.2%€100,758▼ 16.7%€116,315▲ 15.4%€243,848▲ 110%
Working capital€21,118-€81,383-€78,638▲ 3.4%€87,982€179,601▲ 104%
Solvency46.9%within the sector's middle half▼ 1.8pp57.6%within the sector's middle half▲ 10.7pp62.0%within the sector's middle half▲ 4.4pp70.5%within the sector's middle half▲ 8.5pp60.2%▼ 10.4pp
Staff (FTE)0within the sector's middle half0within the sector's middle half0
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
After the dip in 2024 the operating result has climbed two years in a row; 2026 is 971% above 2025 and is the highest result in the available series.
Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €612,464
Fixed assets
€189,015 ▼ 0.8%
Current assets
€423,449 ▲ 107%
Equity and liabilities €612,464
Equity
€368,617 ▲ 32.3%
Debt
€243,848 ▲ 110%
Debt's share of the balance-sheet total rises from 29.5% to 39.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€184,120▲
2025 · €24,077
Cash flow
€162,619▲
2025 · €121,120
Current ratio
1.74▼
2025 · 1.76
Debt to equity
0.66▲
2025 · 0.42
ROE
43.7%▲
2025 · 41.0%
ROA
26.3%▼
2025 · 28.9%
Interest coverage
625.88▲
2025 · 60.99
Debt ≤ 1 year
€243,848▲
2025 · €116,315
Income taxes
€34,252▲
2025 · €5,798
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,082 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 20,082 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,013 | €6,686 | €7,157 | €7,036 | €1,561 | ▼ 77.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €0 | - | - | - | - | - |
| Other operating charges640/8 | €1,470 | €758 | €869 | €856 | €903 | ▲ 5.5% |
| Gross operating margin9900 | €14,262 | €23,565 | €9,759 | €24,933 | €185,024 | ▲ 642% |
| Operating profit (loss)9901 | €5,779 | €16,121 | €1,733 | €17,041 | €182,559 | ▲ 971% |
| Financial income75/76B | €3 | €397 | €0 | €103,236 | €13,045 | ▼ 87.4% |
| Recurring financial income75 | €3 | €27 | €0 | €4,288 | €13,045 | ▲ 204% |
| Non-recurring financial income76B | - | €370 | €0 | €98,948 | €0 | ▼ 100% |
| Financial charges65/66B | €2,320 | €1,191 | €441 | €395 | €294 | ▼ 25.5% |
| Recurring financial charges65 | €2,320 | €1,191 | €441 | €395 | €294 | ▼ 25.5% |
| Profit (loss) for the period before taxes9903 | €3,463 | €15,327 | €1,292 | €119,882 | €195,309 | ▲ 62.9% |
| Income taxes67/77 | - | €1,746 | €1,016 | €5,798 | €34,252 | ▲ 491% |
| Profit (loss) for the period9904 | €3,463 | €13,581 | €276 | €114,084 | €161,058 | ▲ 41.2% |
| Profit (loss) for the period to be appropriated9905 | €3,463 | €13,581 | €276 | €114,084 | €161,058 | ▲ 41.2% |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €321,438 | €285,224 | €265,233 | €394,873 | €612,464 | ▲ 55.1% |
| Fixed assets21/28 | €254,500 | €250,583 | €247,613 | €190,577 | €189,015 | ▼ 0.8% |
| Intangible fixed assets21 | €185,765 | €186,324 | €189,384 | €188,501 | €187,623 | ▼ 0.5% |
| Tangible fixed assets22/27 | €18,655 | €14,259 | €8,229 | €2,075 | €1,392 | ▼ 32.9% |
| Plant, machinery and equipment23 | - | €2,289 | €1,831 | €1,373 | €915 | ▼ 33.4% |
| Furniture and vehicles24 | €18,655 | €11,970 | €6,398 | €703 | €477 | ▼ 32.1% |
| Financial fixed assets28 | €50,080 | €50,000 | €50,000 | €0 | - | - |
| Current assets29/58 | €66,938 | €34,641 | €17,621 | €204,297 | €423,449 | ▲ 107% |
| Amounts receivable after more than one year29 | - | - | - | - | €297,000 | - |
| Other amounts receivable291 | - | - | - | - | €297,000 | - |
| Amounts receivable within one year40/41 | €63,583 | €28,025 | €13,170 | €161,056 | €40,033 | ▼ 75.1% |
| Trade receivables40 | €59,457 | €25,141 | €11,029 | €161,056 | €26,644 | ▼ 83.5% |
| Other amounts receivable41 | €4,125 | €2,884 | €2,142 | €0 | €13,389 | - |
| Cash at bank and in hand54/58 | €2,249 | €6,616 | €4,450 | €43,241 | €86,416 | ▲ 99.8% |
| Deferred charges and accrued income490/1 | €1,106 | €0 | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €321,438 | €285,224 | €265,233 | €394,873 | €612,464 | ▲ 55.1% |
| Equity10/15 | €150,618 | €164,199 | €164,475 | €278,559 | €368,617 | ▲ 32.3% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Reserves13 | €88,618 | €102,199 | €102,475 | €216,559 | €306,617 | ▲ 41.6% |
| Non-distributable reserves130/1 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Legal reserve130 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Distributable reserves133 | €82,418 | €95,999 | €96,275 | €210,359 | €300,417 | ▲ 42.8% |
| Profit (loss) carried forward14 | - | - | - | - | €0 | - |
| Amounts payable17/49 | €170,820 | €121,024 | €100,758 | €116,315 | €243,848 | ▲ 110% |
| Amounts payable after more than one year17 | €125,000 | €5,000 | €4,500 | €0 | - | - |
| Financial debts170/4 | €125,000 | €5,000 | €4,500 | €0 | - | - |
| Amounts payable within one year42/48 | €45,820 | €116,024 | €96,258 | €116,315 | €243,848 | ▲ 110% |
| Trade debts44 | €43,814 | €91,005 | €93,559 | €86,802 | €136,946 | ▲ 57.8% |
| Suppliers440/4 | €43,814 | €91,005 | €93,559 | €86,802 | €136,946 | ▲ 57.8% |
| Advances received on contracts in progress46 | - | €21,750 | €0 | - | - | - |
| Taxes, remuneration and social security45 | €1,365 | €3,246 | €2,605 | €7,448 | €35,902 | ▲ 382% |
| Taxes450/3 | €1,365 | €3,246 | €2,605 | €7,448 | €35,902 | ▲ 382% |
| Other amounts payable47/48 | €641 | €23 | €94 | €22,064 | €71,000 | ▲ 222% |
| Line | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3,463 | €13,581 | €276 | €114,084 | €161,058 | ▲ 41.2% |
| + Depreciation and write-downs630 | €7,013 | €6,686 | €7,157 | €7,036 | €1,561 | ▼ 77.8% |
| Operating cash flow (approximation) | €10,475 | €20,268 | €7,432 | €121,120 | €162,619 | ▲ 34.3% |
| Investment in fixed assets (approximation) | - | -€2,769 | -€4,187 | €50,000 | €0 | ▼ 100% |
| Change in cash | - | €4,368 | -€2,166 | €38,791 | €43,175 | ▲ 11.3% |
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 2027, expected by
2026
21-09
NBB filing
Annual accounts filed
fiscal year 2026 · full schema
16-09
State Gazette act
General meeting · Director reappointment
Permanent representative · Pre-incorporation commitments
31-03
Financial
Highest result since 2019net €161,058 ▲41.2%
Operating result €182,559, net result €161,058, both a record.
2025
23-09
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
31-03
Financial
Liquidity times 10current ratio 1.76
Current ratio from 0.18 to 1.76.
31-03
Financial
Equity above €200,000Eq €278,559 ▲69.4%
6 profitable years in a row build equity to €278,559.
2024
06-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2023
04-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2022
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
31-03
Financial
Liquidity times 6current ratio 1.46
Current ratio from 0.26 to 1.46; short-term debt falls from €155,031 to €45,820.
31-03
Financial
Equity above €150,000Eq €150,618 ▲2.4%
3 profitable years in a row build equity to €150,618.
2021
12-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
Show earlier events
2020
29-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
31-03
Financial
Back to profitnet €4,518
Net result €4,518 after one loss-making year.
2019
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
08-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
02-10
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Brugge · 1 establishment unit since 1990
Ground area
927 m²
Building footprint
128 m²
Volume, LiDAR
582 m³
Parcel 31512B0485/00R000, Flanders · tallest building 6.4 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
LANTMAN
since 19902.050.317.803
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31512B0485/00R000 | Flanders | 927 m² | 1 · 128 m² | 6.3 m · 2 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
Owners and holdings
1 holdingOwners 0
The accounts to 31-03-2024 list no shareholders, and no other source names one.
Holdings 1
-
50%
According to the annual accounts to 31-03-2024 of LANTMAN 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
The group is listed under Ownership & control below; here you explore it as a network.
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Shareholding
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Ownership & control
1 board mandateBoard mandates of this companythis company sits on their board1
1 location
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Of 82,642 companies in sector 70200 we hold annual accounts for 52,589. 36,881 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded09-11-1990
Fiscal year end31-03
Activities, NACEBEL 2025
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0441807482
Also
9925:BE0441807482
Registered
26-03-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.