Trone Land
ActiveSummary
Trone Land has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-48k) and a net result of €-16k. Equity is shrinking by ~64.3% per year across the filed fiscal years. Its solvency ranks better than 13% of 4539 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
44
/ 100
Weak
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Negative equity caps the score. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability37=
Solvency24=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity ample (current ratio 4.24 against 2.09 in 2024; short-term debt: 23.6% of total assets), but equity is negative.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-0.7%
Return on assets
-0.3%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
2122232425
2021 to 2025 · latest year €-48k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 11-09-2026, 42 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 5 filingsDeviation from the deadline
2025
42 d late
2024
26 d late
2023
5 d early
2022
30 d late
2021
8 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-16k▼ 57.6%
2024 · €-10k
2021: €4k
2022: €-19k
2023: €-10k
2024: €-10k
2021 → 2025
Working capital
€4.90M▲ 69.4%
2024 · €2.89M
2021: €4.92M
2022: €4.99M
2023: €2.24M
2024: €2.89M
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€9k-€-10k€-21k▼ 99.2%€-31k▼ 49.9%€-48k▼ 52.5%
Operating result€-8k-€-20k▼ 132%€-10k▲ 46.8%€-10k▼ 0.2%€-16k▼ 57.6%
Net result€4k-€-19k€-10k▲ 46.6%€-10k▼ 0.2%€-16k▼ 57.6%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €16k in 2025 against €10k in 2024; the loss grows.
Key figures and ratios
Solvency
-0.7%▼
2024 · -0.6%
Current ratio
4.24▲
2024 · 2.09
Quick ratio
0.51▲
2024 · 0.28
ROA
-0.3%▼
2024 · -0.2%
Debt
€6.45M▲
2024 · €5.57M
Debt ≤ 1 year
€1.51M▼
2024 · €2.65M
Debt > 1 year
€4.94M▲
2024 · €2.89M
A ratio outside any meaningful range has been withheld (balance sheet total €6.41M, equity €-48k).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 39 lines
Balance sheet
Code20242025
Assets
Total assets20/58€5.54M€6.41M▲
Current assets29/58€5.54M€6.41M▲
Amounts receivable after more than one year29€733k€766k▲
Other amounts receivable291€733k€766k▲
Stocks and contracts in progress3€4.79M€5.64M▲
Stocks30/36€4.79M€5.64M▲
Amounts receivable within one year40/41€384€2k▲
Other amounts receivable41€384€2k▲
Current investments50/53€14k€1k▼
Equity and liabilities
Total equity and liabilities10/49€5.54M€6.41M▲
Equity10/15€-31k€-48k▼
Contributions10/11€5k€5k=
Outside capital11€5k€5k=
Other1109/19€5k€5k=
Reserves13€199€199=
Non-distributable reserves130/1€199€199=
Other1319€199€199=
Profit (loss) carried forward14€-36k€-53k▼
Amounts payable17/49€5.57M€6.45M▲
Amounts payable after more than one year17€2.89M€4.94M▲
Other amounts payable178/9€2.89M€4.94M▲
Amounts payable within one year42/48€2.65M€1.51M▼
Financial debts43€2.64M€1.50M▼
Credit institutions430/8€2.64M€1.50M▼
Trade debts44€10k€10k▼
Suppliers440/4€10k€10k▼
Accrued charges and deferred income492/3€27k-
Income statement
Code20242025
Other operating charges640/8€968€998▲
Gross operating margin9900€-9k€-15k▼
Operating profit (loss)9901€-10k€-16k▼
Financial income75/76B€30k€31k▲
Recurring financial income75€30k€31k▲
Financial charges65/66B€30k€31k▲
Recurring financial charges65€30k€31k▲
Profit (loss) for the period before taxes9903€-10k€-16k▼
Profit (loss) for the period9904€-10k€-16k▼
Profit (loss) for the period to be appropriated9905€-10k€-16k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-36k€-53k▼
Profit (loss) brought forward from the previous period14P€-26k€-36k▼
The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
11-09
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 42 days late
09-09
State Gazette act
Resignation: Motown Project Holding II (director)Appointments: VERACT (director) and 3D REAL ESTATE (director) · Permanent representatives: Peter VERLINDEN and Stefan PUTMAN · Name change12 facts ▸
State Gazette act
Resignation: Motown Project Holding II (director)
Appointments: VERACT (director) and 3D REAL ESTATE (director) · Permanent representatives: Peter VERLINDEN and Stefan PUTMAN · Name change12 facts ▸
- General meeting, 27-08-2026
- Name change, Trone Land
- Purpose change, De vennootschap heeft tot voorwerp, zowel in België als in het buitenland, voor eigen rekening of voor rekening van derden: - Het verwerven en beheren van alle…
- Registered-office move, Onafhankelijkheidslaan 17-18, 9000 Gent
- Statutes amendment
- Director resignation, Motown Project Holding II (director)
- Director appointment, VERACT (director)
- Permanent representative, Peter VERLINDEN
- Director appointment, 3D REAL ESTATE (director)
- Permanent representative, Stefan PUTMAN
- Mandate compensation, VERACT
- Mandate compensation, 3D REAL ESTATE
2025
31-12
Financial
Liquidity doublescurrent ratio 4.24
Current ratio from 2.09 to 4.24; short-term debt falls from €2.65M to €1.51M.
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 26 days late
2024
26-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 30 days late
2022
31-12
Financial
Weakest financial yearnet €-19k ▼590%
Net result drops to €-19k, the lowest in the series; recovery starts the following year.
08-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 8 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 directors, no change since 2026
3D Real Estate
CurrentDirector · since 07-07-2026 · Public limited company · perm. rep.: Stefan PUTMAN
VERACT
CurrentDirector · since 07-07-2026 · Private limited company · perm. rep.: Peter VERLINDEN
07-07-2026
3D Real Estate: Appointed as Director
07-07-2026
VERACT: Appointed as Director
07-07-2026
Motown Project Holding II: Resigned as Director
Location & real-estate footprint
Registered office, Gent · 1 establishment unit since 2020
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.
Onafhankelijkheidslaan 17-189000 GentGround area
2,502 m²
Building footprint
2,095 m²
Volume, LiDAR
49,474 m³
2 parcels, Brussels, Flanders · tallest building 45.6 m, ±8 floors. Linked by address, not a title deed.
1 establishment unit
Louizalaan 489, 1050 Elsene
since 20202.303.729.214
2 parcels
Flanders
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21822R0224/00S007 | Brussels | 1,833 m² | 1 · 1,831 m² | 45.6 m · 8 fl. |
| 44808H0085/00P002 | Flanders | 668 m² | 1 · 264 m² | 18.6 m · 5 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.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Structure & network
Connections & network
1 connected companyLinked via shared directors
Shared corporate director
→
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Of 7,320 companies in sector 68110 we hold annual accounts for 5,381. 1,803 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded09-06-2020
Fiscal year end31-12
Activities, NACEBEL 2025
68110Buying and selling of own real estate
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.