LND
ActiveSummary
LND has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.12M and a net result of €64k. Equity is growing by ~8.2% per year across the filed fiscal years. Its solvency ranks better than 77% of 642 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability74▼-3
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €100k at 30 days acceptable
Liquidity ample (current ratio 9.07 against 5.67 in 2024; short-term debt: 3.6% and cash: 23% of total assets), and 20.9% 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+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 86
Relative position
BE, all sectors
reference
Human health activities (NACE 86)
about 87% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
79.1%
Return on assets
4.5%
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 08-04-2026, 22 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
22 d early
2024
44 d early
2023
32 d early
2022
9 d early
2021
32 d early
2020
6 d early
2019
22 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today30-09-2026 close30-04-2027 deadline
History
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€64k▼ 30.2%
2024 · €92k
Working capital
€408k▲ 19.7%
2024 · €341k
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€110k▲ 71.8%€121k▲ 10.0%€85k▼ 29.4%€135k▲ 58.7%€94k▼ 30.7%
Net result€78k▲ 93.3%€85k▲ 9.0%€58k▼ 32.3%€92k▲ 58.9%€64k▼ 30.2%
Equity€826k▲ 10.5%€911k▲ 10.3%€969k▲ 6.3%€1.06M▲ 9.5%€1.12M▲ 6.0%
Total assets€1.23M▲ 3.8%€1.26M▲ 2.7%€1.38M▲ 9.4%€1.42M▲ 3.1%€1.42M=
Debt€334k▼ 9.2%€282k▼ 15.5%€343k▲ 21.4%€294k▼ 14.2%€230k▼ 21.9%
Working capital€265k▲ 25.3%€339k▲ 27.6%€265k▼ 21.7%€341k▲ 28.5%€408k▲ 19.7%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 31% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.42M
Fixed assets
€964k ▼ 4.4%
Current assets
€458k ▲ 10.8%
Equity and liabilities €1.42M
Equity
€1.12M ▲ 6.0%
Provisions
€68k =
Debt
€230k ▼ 21.9%
Debt's share of the balance-sheet total falls from 20.7% to 16.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€138k▼
2024 · €178k
Cash flow
€109k▼
2024 · €134k
Current ratio
9.07▲
2024 · 5.67
Debt to equity
0.20▼
2024 · 0.28
ROE
5.7%▼
2024 · 8.7%
ROA
4.5%▼
2024 · 6.5%
Interest coverage
25.88▼
2024 · 29.69
Debt ≤ 1 year
€51k▼
2024 · €73k
Debt > 1 year
€178k▼
2024 · €219k
Income taxes
€25k▼
2024 · €38k
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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €36k | €36k | €39k | €43k | €45k | ▲ 5.5% |
| Other operating charges640/8 | - | €4k | €33k | €6k | €7k | ▲ 12.0% |
| Gross operating margin9900 | €150k | €160k | €156k | €184k | €145k | ▼ 20.9% |
| Operating profit (loss)9901 | €110k | €121k | €85k | €135k | €94k | ▼ 30.7% |
| Financial income75/76B | - | €1 | - | €826 | €987 | ▲ 19.4% |
| Recurring financial income75 | - | €1 | - | €826 | €987 | ▲ 19.4% |
| Financial charges65/66B | - | €3k | €5k | €6k | €5k | ▼ 10.6% |
| Recurring financial charges65 | €7k | €3k | €5k | €6k | €5k | ▼ 10.6% |
| Profit (loss) for the period before taxes9903 | €102k | €117k | €80k | €130k | €89k | ▼ 31.3% |
| Income taxes67/77 | €24k | €32k | €23k | €38k | €25k | ▼ 34.0% |
| Profit (loss) for the period9904 | €78k | €85k | €58k | €92k | €64k | ▼ 30.2% |
| Profit (loss) for the period to be appropriated9905 | €78k | €85k | €58k | €92k | €64k | ▼ 30.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.23M | €1.26M | €1.38M | €1.42M | €1.42M | = |
| Fixed assets21/28 | €892k | €858k | €1.04M | €1.01M | €964k | ▼ 4.4% |
| Tangible fixed assets22/27 | €892k | €858k | €1.04M | €1.01M | €964k | ▼ 4.4% |
| Land and buildings22 | - | €830k | €1.02M | €982k | €947k | ▼ 3.6% |
| Plant, machinery and equipment23 | - | €20k | €19k | €16k | €12k | ▼ 23.4% |
| Furniture and vehicles24 | - | €8k | €8k | €12k | €6k | ▼ 49.9% |
| Current assets29/58 | €335k | €404k | €335k | €414k | €458k | ▲ 10.8% |
| Amounts receivable within one year40/41 | - | - | - | - | €15k | - |
| Other amounts receivable41 | - | - | - | - | €15k | - |
| Current investments50/53 | - | €6k | €30k | €54k | €78k | ▲ 44.4% |
| Cash at bank and in hand54/58 | €285k | €337k | €262k | €295k | €327k | ▲ 11.1% |
| Deferred charges and accrued income490/1 | - | €61k | €43k | €65k | €38k | ▼ 42.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.23M | €1.26M | €1.38M | €1.42M | €1.42M | = |
| Equity10/15 | €826k | €911k | €969k | €1.06M | €1.12M | ▲ 6.0% |
| Contributions10/11 | €12k | €12k | €12k | €14k | €14k | = |
| Reserves13 | €2k | €52k | €102k | €180k | €240k | ▲ 33.3% |
| Non-distributable reserves130/1 | - | €2k | €2k | - | - | - |
| Reserves not available under the articles1311 | - | €2k | €2k | - | - | - |
| Distributable reserves133 | - | €50k | €100k | €180k | €240k | ▲ 33.3% |
| Profit (loss) carried forward14 | €812k | €847k | €855k | €867k | €871k | ▲ 0.5% |
| Provisions and deferred taxes16 | €68k | €68k | €68k | €68k | €68k | = |
| Provisions for liabilities and charges160/5 | - | €68k | €68k | €68k | €68k | = |
| Pensions and similar obligations160 | - | €68k | €68k | €68k | €68k | = |
| Amounts payable17/49 | €334k | €282k | €343k | €294k | €230k | ▼ 21.9% |
| Amounts payable after more than one year17 | €262k | €216k | €272k | €219k | €178k | ▼ 18.8% |
| Financial debts170/4 | - | €216k | €272k | €219k | €178k | ▼ 18.8% |
| Amounts payable within one year42/48 | €70k | €65k | €70k | €73k | €51k | ▼ 30.8% |
| Current portion of amounts payable after more than one year42 | - | €46k | €52k | €53k | €41k | ▼ 21.8% |
| Trade debts44 | €804 | €3k | €4k | €2k | €3k | ▲ 60.4% |
| Suppliers440/4 | - | €3k | €4k | €2k | €3k | ▲ 60.4% |
| Taxes, remuneration and social security45 | - | €16k | €14k | €18k | €6k | ▼ 67.9% |
| Taxes450/3 | - | €12k | €6k | €11k | €3k | ▼ 71.9% |
| Remuneration and social security454/9 | - | €4k | €8k | €7k | €3k | ▼ 62.0% |
| Other amounts payable47/48 | - | €76 | €76 | €335 | €662 | ▲ 97.7% |
| Accrued charges and deferred income492/3 | - | €651 | €1k | €2k | €1k | ▼ 39.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €78k | €85k | €58k | €92k | €64k | ▼ 30.2% |
| + Depreciation and write-downs630 | €36k | €36k | €39k | €43k | €45k | ▲ 5.5% |
| Operating cash flow (approximation) | €115k | €121k | €97k | €134k | €109k | ▼ 18.9% |
| Investment in fixed assets (approximation) | - | €-1k | €-226k | €-7k | €0 | ▲ 100% |
| Change in cash | - | €52k | €-75k | €33k | €33k | ▼ 0.9% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
More with these figures Sector benchmark What changed Value indication
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
08-04
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
17-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Equity above €1MEq €1.06M ▲9.5%
7 profitable years in a row build equity to €1.06M.
29-03
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
21-04
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
29-03
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
24-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Weakest financial yearnet €41k ▼49.7%
Net result drops to €41k, the lowest in the series; recovery starts the following year.
08-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
29-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
29-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 29 days late
2017
30-05
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
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, Ukkel
Ground area
312 m²
Building footprint
82 m²
Volume, LiDAR
887 m³
Parcel 21616A0080/00H002, Brussels · tallest building 15.3 m, ±4 floors. Linked by address, not a title deed.
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21616A0080/00H002 | Brussels | 312 m² | 1 · 82 m² | 15.3 m · 4 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.
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Of 16,630 companies in sector 86220 we hold annual accounts for 7,981. 5,608 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded12-03-2007
Fiscal year end30-09
Activities, NACEBEL 2025
86220Specialist medical practice
Scores and ratios are computed by Checked and are not a credit decision.