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VLAAMSE LANDMAATSCHAPPIJ

Active
Naamloze vennootschap van publiek rechtfounded 198837 yrs activeKoning Albert II-laan 15, 1210 Sint-Joost-ten-Node, BelgiumKBO/BCE: BE 0236.506.685

For the legal form of VLAAMSE LANDMAATSCHAPPIJ, Checked does not compute a bankruptcy probability. The 2025 annual accounts show equity of €43.59M and a net result of €-1.82M. Equity remains stable across the filed fiscal years (±1.1% per year). Its solvency ranks better than 22% of 4539 sector peers (fiscal year 2025). The company has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2025
23 / 100
Critical▼ -7 vs 2024
The score weighs solvency, liquidity, profitability and financial development. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability12▲+1
Solvency33=
Growth41▲+2
Track record100
Credit verdict
No credit on open account
Liquidity ample (current ratio 3.54 against 5.35 in 2024; short-term debt: 27.5% and cash: 0% of total assets), but 91.8% of the assets are financed with debt.
How do we compute this score?
Credit advice for your own amount and term

Signals

Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025
Net result per financial year
1819202122232425
2018 to 2025 · latest year €-1.82M
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 4539 sector peers (2025).
NBB · sector comparison
Position among 4539 sector peers
Solvency
better than 22%
← weakest strongest →
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 10-04-2026, 112 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
112 d early
2024
120 d early
2023
120 d early
2022
101 d early
2021
125 d early
2020
127 d early
2019
122 d early
← before the deadline after the deadline →
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 months
Position in the running window
23-09-2026 today31-12-2026 close31-07-2027 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, full schema

Turnover
€32.07M▲ 15.8%
2024 · €27.70M
2018: €19.48M 2019: €21.51M 2020: €12.85M 2021: €30.40M 2022: €34.14M 2023: €12.05M 2024: €27.70M
2018 → 2025
EBIT margin
-13.1%▲ 28.2pp
2024 · -41.3%
2018: -12.0% 2019: -9.8% 2020: -28.0% 2021: -5.1% 2022: 2.8% 2023: -1.6% 2024: -41.3%
2018 → 2025
Net result
€-1.82M▲ 81.0%
2024 · €-9.61M
2018: €-626k 2019: €-270k 2020: €-1.80M 2021: €207k 2022: €4.42M 2023: €1.47M 2024: €-9.61M
2018 → 2025
Working capital
€372.15M▼ 12.5%
2024 · €425.41M
2018: €246.91M 2019: €243.20M 2020: €251.88M 2021: €260.99M 2022: €276.13M 2023: €366.34M 2024: €425.41M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise ▼ fall
Line20212022202320242025Trend
Turnover€30.40M-€34.14M▲ 12.3%€12.05M▼ 64.7%€27.70M▲ 130%€32.07M▲ 15.8%
Equity€47.75M-€51.03M▲ 6.9%€52.94M▲ 3.8%€45.34M▼ 14.4%€43.59M▼ 3.9%
Operating result€-1.54M-€967k€-193k€-11.44M▼ 5,825%€-4.19M▲ 63.4%
Net result€207k-€4.42M▲ 2,038%€1.47M▼ 66.7%€-9.61M€-1.82M▲ 81.0%
Result per fiscal year
Operating resultNet result
€-15.00M€-10.00M€-5.00M€0€5.00MOperating result 2021: €-1.54M€-1.54MNet result 2021: €207k€207kOperating result 2022: €967k€967kNet result 2022: €4.42M€4.42MOperating result 2023: €-193k€-193kNet result 2023: €1.47M€1.47MOperating result 2024: €-11.44M€-11.44MNet result 2024: €-9.61M€-9.61MOperating result 2025: €-4.19M€-4.19MNet result 2025: €-1.82M€-1.82M20212022202320242025
The operating result stays negative: a loss of €4.19M in 2025 against €11.44M in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €531.78M
Fixed assets €13.18M▲ 10.6%
Current assets €518.60M▼ 0.9%
Equity and liabilities €531.78M
Equity €43.59M▼ 3.9%
Provisions €10.28M▲ 5.3%
Debt €477.91M▼ 0.4%
The debt ratio rises from 89.7% to 89.9%. Equity and debt are lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€-1.75M▲
2024 · €-9.55M
Cash flow
€619k▲
2024 · €-7.72M
Solvency
8.2%▼
2024 · 8.5%
Current ratio
3.54▼
2024 · 5.35
Quick ratio
1.47▼
2024 · 1.95
Debt / equity
10.96▲
2024 · 10.59
ROE
-4.2%▲
2024 · -21.2%
ROA
-0.3%▲
2024 · -1.8%
Interest coverage
-588.83▲
2024 · -2344.58
Debt
€477.91M▼
2024 · €480.03M
Debt ≤ 1 year
€146.45M▲
2024 · €97.81M
Debt > 1 year
€240.82M▼
2024 · €247.66M
Income taxes
€100k▲
2024 · €100k
Staff costs
€68.80M▲
2024 · €65.91M
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€535.13M€531.78M▼
Fixed assets21/28€11.92M€13.18M▲
Intangible fixed assets21€3.73M€4.38M▲
Tangible fixed assets22/27€7.91M€8.53M▲
Plant, machinery and equipment23€4k-
Furniture and vehicles24€3.30M€2.83M▼
Other tangible fixed assets26€4.61M€5.70M▲
Financial fixed assets28€274k€274k=
Other financial fixed assets284/8€274k€274k=
Shares284€95k€95k=
Amounts receivable and cash guarantees285/8€179k€179k=
Current assets29/58€523.22M€518.60M▼
Amounts receivable after more than one year29€14.99M€17.65M▲
Other amounts receivable291€14.99M€17.65M▲
Stocks and contracts in progress3€332.95M€303.49M▼
Stocks30/36€332.95M€303.49M▼
Property held for sale35€332.95M€303.49M▼
Amounts receivable within one year40/41€165.09M€193.13M▲
Trade receivables40€31.09M€16.68M▼
Other amounts receivable41€134.00M€176.45M▲
Cash at bank and in hand54/58€2k€2k=
Deferred charges and accrued income490/1€10.18M€4.32M▼
Equity and liabilities
Total equity and liabilities10/49€535.13M€531.78M▼
Equity10/15€45.34M€43.59M▼
Contributions10/11€72k€72k=
Capital10€72k€72k=
Issued capital100€72k€72k=
Reserves13€44.20M€44.20M=
Non-distributable reserves130/1€9.36M€9.36M=
Legal reserve130€7k€7k=
Reserves not available under the articles1311-€9.35M
Other1319€9.35M-
Tax-exempt reserves132€3.47M€3.47M=
Distributable reserves133€31.38M€31.38M=
Profit (loss) carried forward14€-5.93M€-7.75M▼
Investment grants15€7.00M€7.06M▲
Provisions and deferred taxes16€9.76M€10.28M▲
Provisions for liabilities and charges160/5€9.76M€10.28M▲
Other liabilities and charges164/5€9.76M€10.28M▲
Amounts payable17/49€480.03M€477.91M▼
Amounts payable after more than one year17€247.66M€240.82M▼
Other amounts payable178/9€247.66M€240.82M▼
Amounts payable within one year42/48€97.81M€146.45M▲
Current portion of amounts payable after more than one year42€28.02M€27.61M▼
Financial debts43€59.66M€90.10M▲
Credit institutions430/8€59.66M€90.10M▲
Trade debts44€3.95M€22.45M▲
Suppliers440/4€3.95M€22.45M▲
Taxes, remuneration and social security45€6.18M€6.29M▲
Taxes450/3€1.96M€2.05M▲
Remuneration and social security454/9€4.22M€4.24M▲
Accrued charges and deferred income492/3€134.56M€90.65M▼
Income statement Code20242025
Operating income70/76A€118.15M€200.56M▲
Turnover70€27.70M€32.07M▲
Other operating income74€90.42M€167.29M▲
Non-recurring operating income76A€27k€1.20M▲
Operating charges60/66A€129.59M€204.76M▲
Goods for resale, raw materials and consumables60€14.35M€67.54M▲
Purchases600/8€68.75M€38.07M▼
Change in stocks: decrease (increase)609€-54.41M€29.47M▲
Services and other goods61€15.96M€14.03M▼
Remuneration, social security and pensions62€65.91M€68.80M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1.89M€2.44M▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€1.36M€-289k▼
Provisions for liabilities and charges: additions (uses and reversals)635/8€-5.16M€516k▲
Other operating charges640/8€35.28M€51.66M▲
Non-recurring operating charges66A€656€58k▲
Operating profit (loss)9901€-11.44M€-4.19M▲
Financial income75/76B€1.93M€2.47M▲
Recurring financial income75€1.93M€2.47M▲
Income from financial fixed assets750€3k€3k▲
Other financial income752/9€1.93M€2.47M▲
Financial charges65/66B€4k€3k▼
Recurring financial charges65€4k€3k▼
Other financial charges652/9€4k€3k▼
Profit (loss) for the period before taxes9903€-9.51M€-1.72M▲
Income taxes67/77€100k€100k▲
Taxes670/3€100k€100k▲
Profit (loss) for the period9904€-9.61M€-1.82M▲
Profit (loss) for the period to be appropriated9905€-9.61M€-1.82M▲
Appropriation of the result
Profit (loss) to be appropriated9906€-5.93M€-7.75M▼
Profit (loss) brought forward from the previous period14P€3.69M€-5.93M▼
Social balance
Average headcount (FTE)9087571.6586.3▲

The notes to these accounts (44 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 31-07-2027
2026
10-04
NBB filing Annual accounts filed
fiscal year 2025 · full schema
11-03
State Gazette act Resignations & appointments
Director appointment · Director resignation2 facts ▸
  • Director appointment, Bruno Matthys (lid van de raad van bestuur)
  • Director resignation, Lieselotte Van Hoecke (lid van de raad van bestuur)
2025
17-12
State Gazette act Statutes amendment · Resignations & appointments
Director appointment · Director resignation10 facts ▸
  • Director appointment, Evy Dewulf (onafhankelijk bestuurder)
  • Director appointment, Wim Poelmans (onafhankelijk bestuurder)
  • Director appointment, Bart Vercoutere (onafhankelijk bestuurder)
  • Director appointment, Ria Hens (onafhankelijk bestuurder)
  • Director appointment, Mie De Wit (onafhankelijk bestuurder)
  • Director appointment, Bruno Gobin (onafhankelijk bestuurder)
  • Director appointment, Lieven Louwagie (regeringscommissaris)
  • Director appointment, Tinne Rombouts (bestuurder)
  • Director resignation, Tinne Rombouts (regeringscommissaris)
  • Director resignation, Bart Naeyaert (vice-voorzitter van de raad van bestuur)
31-07
State Gazette act Registered office · Miscellaneous
Registered-office move1 fact ▸
  • Registered-office move, Koning Albert II-laan 15 bus 152
31-07
State Gazette act Resignations & appointments
Director appointment · Director resignation2 facts ▸
  • Director appointment, Mireille Colson (lid van de raad van bestuur)
  • Director resignation, Hilde Vermeiren (lid van de raad van bestuur)
31-07
State Gazette act Resignations & appointments
Director appointment1 fact ▸
  • Director appointment, Bart De Schutter (gedelegeerd bestuurder)
04-06
State Gazette act Resignations & appointments
Director appointment · Director resignation · Number of directors27 facts ▸
  • Director appointment, Huub Broers (voorzitter van de raad van bestuur)
  • Director appointment, Bart Naeyaert (vice-voorzitter van de raad van bestuur)
  • Director appointment, Gaëtane Maes (lid van de raad van bestuur)
  • Director appointment, Valentijn Despeghel (lid van de raad van bestuur)
  • Director appointment, Wilfried Vandaele (lid van de raad van bestuur)
  • Director appointment, Ludwig Vandenhove (lid van de raad van bestuur)
  • Director appointment, Gunther Coppens (lid van de raad van bestuur)
  • Director appointment, Liesbeth Fransen (lid van de raad van bestuur)
  • Director appointment, Lieselotte Van Hoecke (lid van de raad van bestuur)
  • Director appointment, Christof Dejaegher (lid van de raad van bestuur)
  • Director appointment, Tinne Rombouts (regeringscommissaris)
  • Director appointment, Maarten Hens (regeringscommissaris)
  • +15 further facts in this act
02-04
NBB filing Annual accounts filed
fiscal year 2024 · full schema
22-01
State Gazette act Miscellaneous
Power of attorney2 facts ▸
  • Power of attorney, AGLAVE Arnaud
  • Power of attorney, VLAAMSE LANDMAATSCHAPPIJ
2024
31-12
Financial Weakest financial yearnet €-9.61M ▼753%
Net result drops to €-9.61M, the lowest in the series; recovery starts the following year.
04-10
State Gazette act Resignations & appointments
Director appointment · Director resignation2 facts ▸
  • Director appointment, Hilde Vermeiren (lid van de raad van bestuur)
  • Director resignation, Mien Van Olmen (lid van de raad van bestuur)
05-07
State Gazette act Miscellaneous
Board meeting · Internal regulation change2 facts ▸
  • Board meeting, 23/05/2024
  • Internal regulation change, Wijziging van het besluit van de Raad van Bestuur van 17 januari 2019 betreffende de delegatie van bevoegdheden aan de gedelegeerd bestuurder en opheffing van h…
05-07
State Gazette act Miscellaneous
Board meeting · Internal decision2 facts ▸
  • Board meeting, 15/05/2024
  • Internal decision, Wijziging van het besluit van de gedelegeerd bestuurder van 13 maart 2019 betreffende de delegatie van bevoegdheden
03-06
State Gazette act Miscellaneous
General meeting · Auditor appointment · Permanent representative4 facts ▸
  • General meeting, 31 maart 2023
  • Auditor appointment, Mercken & Co BV (commissaris)
  • Permanent representative, Maarten Desmet (vertegenwoordiger)
  • Mandate term, onmiddellijk na de algemene vergadering van aandeelhouders die beslist over de goedkeuring van de jaarrekening per 31 december 2025
03-06
State Gazette act Resignations & appointments
Director resignation · Director appointment2 facts ▸
  • Director resignation, Toon Denys (gedelegeerd bestuurder)
  • Director appointment, Bart De Schutter (waarnemend gedelegeerd bestuurder)
02-04
NBB filing Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial Liquidity triplescurrent ratio 8.52
Current ratio from 3.06 to 8.52; short-term debt falls from €134.08M to €48.72M.
21-04
NBB filing Annual accounts filed
fiscal year 2022 · full schema
06-01
State Gazette act Miscellaneous
Power of attorney · Mandate term3 facts ▸
  • Power of attorney, ARITS Myriam
  • Mandate term, 21 april 2022
  • Power of attorney, ARITS Myriam
2022
31-12
Financial Highest result since 2018net €4.42M ▲2038%
Operating result €967k, net result €4.42M, both a record.
31-12
Financial Equity above €50MEq €51.03M ▲6.9%
2 profitable years in a row build equity to €51.03M.
28-03
NBB filing Annual accounts filed
fiscal year 2021 · full schema
20-01
State Gazette act Resignations & appointments
Director appointment · Director resignation2 facts ▸
  • Director appointment, Loes Lysens (lid van de raad van bestuur)
  • Director resignation, Saartje Degelin (lid van de raad van bestuur)
2021
31-12
Financial Back to profitnet €207k
Net result €207k after 3 loss-making years.
29-10
State Gazette act Resignations & appointments
Director appointment1 fact ▸
  • Director appointment, Toon DENYS (gedelegeerd bestuurder)
26-03
NBB filing Annual accounts filed
fiscal year 2020 · full schema
24-02
State Gazette act Resignations & appointments
Director appointment5 facts ▸
  • Director appointment, Mien Van Olmen (lid van de raad van bestuur)
  • Director appointment, Monique Swinnen (lid van de raad van bestuur)
  • Director appointment, Liesbeth Fransen (lid van de raad van bestuur)
  • Director appointment, Hans Mestdagh (lid van de raad van bestuur)
  • Director appointment, Simon Bekaert (lid van de raad van bestuur)
07-01
State Gazette act Resignations & appointments
Director appointment6 facts ▸
  • Director appointment, Philippe De Backer (onafhankelijk bestuurder)
  • Director appointment, Georges Hofman (onafhankelijk bestuurder)
  • Director appointment, Rein Dessers (onafhankelijk bestuurder)
  • Director appointment, Patrick Willems (onafhankelijk bestuurder)
  • Director appointment, Michel De Trogh (onafhankelijk bestuurder)
  • Director appointment, Sylvie Van Damme (onafhankelijk bestuurder)
07-01
State Gazette act Resignations & appointments
Director appointment · Director resignation25 facts ▸
  • Director appointment, Huub Broers (voorzitter van de raad van bestuur)
  • Director appointment, Bart Nayaert (vice-voorzitter van de raad van bestuur)
  • Director appointment, Steven Van Passel (lid van de raad van bestuur)
  • Director appointment, Saartje Degelin (lid van de raad van bestuur)
  • Director appointment, Isabel Jacobs (lid van de raad van bestuur)
  • Director appointment, Dirk Otte (lid van de raad van bestuur)
  • Director appointment, Mien Van Olmen (lid van de raad van bestuur)
  • Director appointment, Monique Swinnen (lid van de raad van bestuur)
  • Director appointment, Luc Wouters (lid van de raad van bestuur)
  • Director appointment, Hans Mestdagh (lid van de raad van bestuur)
  • Director appointment, Simon Bekaert (lid van de raad van bestuur)
  • Director resignation, Raf Truyens (lid van de raad van bestuur)
  • +13 further facts in this act
2020
29-04
State Gazette act Resignations & appointments · Miscellaneous
General meeting · Auditor appointment · Permanent representative3 facts ▸
  • General meeting, 27 maart 2020
  • Auditor appointment, Mercken en Co (commissaris)
  • Permanent representative, Wery Mercken
31-03
NBB filing Annual accounts filed
fiscal year 2019 · full schema
2019
05-06
State Gazette act Miscellaneous
Decision · Delegation · Revocation3 facts ▸
  • Decision, 13/03/2019
  • Delegation, delegatie van bevoegdheden aan de adjunct directeur-generaal, de afdelingshoofden en sommige personeelsleden
  • Revocation, opheffing van het besluit van de gedelegeerd bestuurder van 15 september 2014
29-05
State Gazette act Miscellaneous
Board meeting · Board resolution2 facts ▸
  • Board meeting, 17/01/2019
  • Board resolution, Delegation of powers to the delegated manager and revocation of previous board decision of 13 November 2013
28-03
NBB filing Annual accounts filed
fiscal year 2018 · full schema
2018
02-08
State Gazette act Resignations & appointments
Power of attorney · Power-of-attorney revocation50 facts ▸
  • Power of attorney, ARITS Myriam
  • Power of attorney, MESSIAEN Stijn
  • Power of attorney, VAN DIENDEREN Ilse Emma Cornelia
  • Power of attorney, TRAPPENIERS Koen Joris Madelaíne
  • Power of attorney, DEVOS Heidi
  • Power of attorney, NUYTTENS Rachel Josine Jeanne
  • Power of attorney, BERCKMANS Chantal Mathilde
  • Power of attorney, LEYS Gilberte Maria Francine
  • Power of attorney, CLEUREN Jurgen Nicole Albert
  • Power of attorney, BONNEU Berthe Maria Willem
  • Power of attorney, VAN HAECHT Tom
  • Power of attorney, BUTS Hilde Marcella
  • +38 further facts in this act
13-06
State Gazette act Registered office
Registered-office move1 fact ▸
  • Registered-office move, 1210 Brussel, Koning Albert II-laan 15
22-03
NBB filing Annual accounts filed
fiscal year 2017 · full schema
08-02
State Gazette act Statutes amendment · Resignations & appointments
General meeting · Purpose change · Corporate purpose5 facts ▸
  • General meeting, 29/03/2017
  • Purpose change, Artikels 2, 3 en 4 van de statuten vervangen
  • Corporate purpose, Het agentschap heeft als missie bij te dragen tot de realisatie van de doelstellingen van: 1° het milieubeleid... 2° de ruilverkaveling... 3° de landinrichting.…
  • Statutes amendment
  • Power of attorney, de gedelegeerd bestuurder
2017
15-09
State Gazette act Resignations & appointments
Director appointment6 facts ▸
  • Director appointment, Georges Hofman (onafhankelijk bestuurder)
  • Director appointment, Sylvie Van Damme (onafhankelijk bestuurder)
  • Director appointment, Peter Gysbrechts (onafhankelijk bestuurder)
  • Director appointment, Bart Dewitte (onafhankelijk bestuurder)
  • Director appointment, Greet De Roo (onafhankelijk bestuurder)
  • Director appointment, Rein Dessers (onafhankelijk bestuurder)
24-07
State Gazette act Resignations & appointments
Director resignation6 facts ▸
  • Director resignation, Dirk Brankaer (bestuurder)
  • Director resignation, Bart Dewitte (bestuurder)
  • Director resignation, Peter Gysbrechts (bestuurder)
  • Director resignation, Georges Hofman (bestuurder)
  • Director resignation, Isabel Jacobs (bestuurder)
  • Director resignation, Annick Willems (bestuurder)
18-07
State Gazette act Resignations & appointments
General meeting · Auditor appointment2 facts ▸
  • General meeting, 29/03/2017
  • Auditor appointment, MAZARS BEDRIJFSREVISOREN (commissaris)
30-03
NBB filing Annual accounts filed
fiscal year 2016 · full schema
2016
07-11
State Gazette act Resignations & appointments
Power of attorney6 facts ▸
  • Power of attorney, AGLAVE Arnaud Luc
  • Power of attorney, AGLAVE Arnaud Luc
  • Power of attorney, AGLAVE Arnaud Luc
  • Power of attorney, AGLAVE Arnaud Luc
  • Power of attorney, AGLAVE Arnaud Luc
  • Power of attorney, AGLAVE Arnaud Luc
07-11
State Gazette act Resignations & appointments
Power of attorney · Board approval18 facts ▸
  • Power of attorney, LAUWERIER Andy Achiel
  • Power of attorney, JANSSENS Hilde Els
  • Power of attorney, MONDELAERS Els Rosa
  • Power of attorney, DE SPIEGELEER Sofie
  • Power of attorney, DE BAERDEMAEKER Ann Margaretha
  • Power of attorney, AGLAVE Arnaud Luc
  • Power of attorney, VERMEULEN Hendrik Maurice
  • Power of attorney, VAN SANTEN Lothar
  • Power of attorney, CLIERIECK Jean-Marc
  • Power of attorney, BOGAERT Nico Leon
  • Power of attorney, DE SMET Klaas Gilbert
  • Power of attorney, ARITS Myriam
  • +6 further facts in this act
23-06
State Gazette act Resignations & appointments
Director appointment · Director resignation2 facts ▸
  • Director appointment, Maarten Hens (lid van de raad van bestuur)
  • Director resignation, Maarten Vanholle (lid van de raad van bestuur)
2015
14-12
State Gazette act Resignations & appointments
Director reappointment1 fact ▸
  • Director reappointment, Toon DENYS (gedelegeerd bestuurder)
06-08
State Gazette act Resignations & appointments
General meeting · Auditor appointment · Mandate compensation3 facts ▸
  • General meeting, 25 maart 2015
  • Auditor appointment, Callens, Pirenne, Theunisser & Co (commissaris)
  • Mandate compensation, Callens, Pirenne, Theunisser & Co
06-08
State Gazette act Resignations & appointments
Director appointment · Director resignation23 facts ▸
  • Director appointment, Huub Broers (lid van de raad van bestuur)
  • Director appointment, Rudy Gotzen (lid van de raad van bestuur)
  • Director appointment, Dirk Brankaer (lid van de raad van bestuur)
  • Director appointment, Bart Dewitte (lid van de raad van bestuur)
  • Director appointment, Peter Gysbrechts (lid van de raad van bestuur)
  • Director appointment, Georges Hofman (lid van de raad van bestuur)
  • Director appointment, Isabel Jacobs (lid van de raad van bestuur)
  • Director appointment, Gaëtane Maes (lid van de raad van bestuur)
  • Director appointment, Danielle Raspoet (lid van de raad van bestuur)
  • Director appointment, Jan Strynckx (lid van de raad van bestuur)
  • Director appointment, Maarten Vanholle (lid van de raad van bestuur)
  • Director appointment, Annick Wiliems (lid van de raad van bestuur)
  • +11 further facts in this act
06-08
State Gazette act Resignations & appointments
Power of attorney35 facts ▸
  • Power of attorney, VANHEULE Krista Denise Marcel
  • Power of attorney, DE MULDER Saskia Maria
  • Power of attorney, COOREMAN Els Kathy
  • Power of attorney, MERTENS Jan Herman Germain
  • Power of attorney, LAUWERIER Andy Achiel Maurice
  • Power of attorney, GORDEBEKE Geert Peter
  • Power of attorney, VERBELEN Sandra
  • Power of attorney, DE BOECK Brigitte Leona
  • Power of attorney, VERMEULEN Hendrik Maurice Cornelia
  • Power of attorney, DEJAEGHER Bert
  • Power of attorney, VAN DEN BRANDE Sarah
  • Power of attorney, ARITS Myriam
  • +23 further facts in this act
2014
22-12
State Gazette act Statutes amendment
Board meeting · Power of attorney3 facts ▸
  • Board meeting, 15/09/2014
  • Power of attorney, Toon DENYS
  • Power of attorney, Toon DENYS
17-10
State Gazette act Statutes amendment
Board meeting · Statutes amendment2 facts ▸
  • Board meeting, 09/07/2014
  • Statutes amendment
08-04
State Gazette act Statutes amendment · Resignations & appointments
Director appointment · Director resignation4 facts ▸
  • Director appointment, Ingrid Erlingen (lid van de raad van bestuur)
  • Director appointment, Peter Roose (lid van de raad van bestuur)
  • Director resignation, Brenda Bussche (lid van de raad van bestuur)
  • Director resignation, Jurgen Vanlerberghe (lid van de raad van bestuur)
08-04
State Gazette act Resignations & appointments
Reference number · Director resignation · Director appointment3 facts ▸
  • Reference number, 2YMRT 2014
  • Director resignation, Annie Desmedt (lid van de raad van bestuur)
  • Director appointment, Mien Van Olmen (lid van de raad van bestuur)
08-04
State Gazette act Resignations & appointments
Director appointment1 fact ▸
  • Director appointment, Frieda Brepoels (voorzitter)
08-04
State Gazette act Resignations & appointments
Board meeting · Internal decision2 facts ▸
  • Board meeting, 13/11/2013
  • Internal decision, Delegation of powers to the delegated manager (gedelegeerd bestuurder) regarding public contracts, legal proceedings, rural fund, land matters, and compensation…
08-04
State Gazette act Statutes amendment
Management decision · Internal decision2 facts ▸
  • Management decision, 29/03/2012
  • Internal decision, Wijziging delegatie van bevoegdheden: 'De hoofden van de provinciale afdelingen' vervangen door 'De hoofden van de regionale afdelingen'; 'Het hoofd van de afde…
08-04
State Gazette act Statutes amendment
Statutes amendment · Accounting effect2 facts ▸
  • Statutes amendment
  • Accounting effect, 08/04/2014
2010
29-11
State Gazette act Resignations & appointments
Director appointment1 fact ▸
  • Director appointment, Toon Denys (gedelegeerd bestuurder)
29-11
State Gazette act Resignations & appointments
Director appointment21 facts ▸
  • Director appointment, Daphne Dumery (lid van de raad van bestuur)
  • Director appointment, Brenda Bussche (lid van de raad van bestuur)
  • Director appointment, Marleen Evenepoel (lid van de raad van bestuur)
  • Director appointment, Annick Willems (lid van de raad van bestuur)
  • Director appointment, Herman Herpelinckx (lid van de raad van bestuur)
  • Director appointment, Jan Strynckx (lid van de raad van bestuur)
  • Director appointment, Karel Vlassak (lid van de raad van bestuur)
  • Director appointment, Paul Van Snick (lid van de raad van bestuur)
  • Director appointment, Jan Schaerlaekens (lid van de raad van bestuur)
  • Director appointment, Rudy Gotzen (lid van de raad van bestuur)
  • Director appointment, Huub Broers (lid van de raad van bestuur)
  • Director appointment, Erik Vanderheiden (lid van de raad van bestuur)
  • +9 further facts in this act
29-11
State Gazette act Resignations & appointments
Director appointment · Director resignation4 facts ▸
  • Director appointment, Cathy Coudyser (voorzitter)
  • Director appointment, Georges Hofman (voorzitter)
  • Director resignation, Daphné Dumery
  • Director resignation, Huub Broers
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors
75 directors, no change since 2026
Bruno Matthys
Lid van de raad van bestuur · since 16-01-2026
Current
Bart Vercoutere
Onafhankelijk bestuurder · since 17-12-2025
Current
Bruno Gobin
Onafhankelijk bestuurder · since 17-12-2025
Current
Evy Dewulf
Onafhankelijk bestuurder · since 17-12-2025
Current
Lieven Louwagie
Regeringscommissaris · since 17-12-2025
Current
Mie De Wit
Onafhankelijk bestuurder · since 17-12-2025
Current
+ 28 not shown in this overview
11-03-2026 Lieselotte Van Hoecke: Resigned as Lid van de raad van bestuur
16-01-2026 Bruno Matthys: Appointed as Lid van de raad van bestuur
17-12-2025 Bart Vercoutere: Appointed as Onafhankelijk bestuurder
17-12-2025 Bruno Gobin: Appointed as Onafhankelijk bestuurder
17-12-2025 Evy Dewulf: Appointed as Onafhankelijk bestuurder
17-12-2025 Lieven Louwagie: Appointed as Regeringscommissaris
17-12-2025 Mie De Wit: Appointed as Onafhankelijk bestuurder
17-12-2025 Ria Hens: Appointed as Onafhankelijk bestuurder
17-12-2025 Tinne Rombouts: Appointed as Director
17-12-2025 Tinne Rombouts: Resigned as Regeringscommissaris
17-12-2025 Wim Poelmans: Appointed as Onafhankelijk bestuurder
17-12-2025 Bart Naeyaert: Resigned as Vice voorzitter van de raad van bestuur
01-08-2025 Bart De Schutter: Appointed as Managing director
31-07-2025 Mireille Colson: Appointed as Lid van de raad van bestuur
31-07-2025 Hilde Vermeiren: Resigned as Lid van de raad van bestuur
04-06-2025 Tinne Rombouts: Appointed as Regeringscommissaris
04-06-2025 Coppens Gunther: Appointed as Lid van de raad van bestuur
04-06-2025 DEJAEGHER Christof: Appointed as Lid van de raad van bestuur
04-06-2025 Gaëtane Maes: Resigned as Regeringscommissaris
04-06-2025 Gaëtane Maes: Appointed as Lid van de raad van bestuur
04-06-2025 Maarten Hens: Appointed as Regeringscommissaris
04-06-2025 Valentijn Despeghel: Appointed as Lid van de raad van bestuur
04-06-2025 VANDENHOVE Ludwig: Appointed as Lid van de raad van bestuur
04-06-2025 Wilfried Vandaele: Appointed as Lid van de raad van bestuur
+ 131 not shown in this overview
Location & real-estate footprint
Registered office, Sint-Joost-ten-Node · 6 establishment units since 1988
establishment All 6 establishment units on the map
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.

Koning Albert II-laan 151210 Sint-Joost-ten-Node
Ground area
4.1 ha
Building footprint
2.0 ha
Volume, LiDAR
410,531 m³
6 parcels, Brussels, Flanders · tallest building 108.5 m, ±24 floors. Linked by address, not a title deed.
6 establishment units
Vlaamse Landmaatschappij
Koning Albert II-laan 15, 1210 Sint-Joost-ten-NodeNACE 75120
since 19882.138.182.777
Vlaamse Landmaatschappij
Cardijnlaan(HRT) 1, 2200 HerentalsNACE 75120
since 19882.138.183.272
Vlaamse Landmaatschappij
Koningin Maria Hendrikaplein 70, 9000 GentNACE 75120
since 19882.138.183.371
Vlaamse Landmaatschappij
Koningin Astridlaan 50, 3500 HasseltNACE 75120
since 20042.138.182.876
Vlaamse Landmaatschappij
Diestsepoort 6, 3000 LeuvenNACE 75120
since 20042.138.182.975
(tot 30/04/04 Em, Deneckerstraat 5 800 Brugge)
Velodroomstraat 28, 8200 BruggeNACE 75120
since 20042.138.183.074
6 parcels
Flanders 5 (83.3%) Brussels 1 (16.7%)
Parcel (capakey) Region Area Buildings Height / fl.
21014A0004/00T020 Brussels 9,027 m² 1 · 7,184 m² 51.2 m · 8 fl.
31030A0171/00G002 Flanders 7,615 m² 1 · 2,073 m² 16.7 m · 2 fl.
13011B0675/00S003 Flanders 7,477 m² 1 · 1,079 m² 17.8 m · 5 fl.
71326F0135/00B002 Flanders 6,687 m² 1 · 4,063 m² 25.1 m · 6 fl.
24062H0036/07W000 Flanders 6,478 m² 1 · 4,149 m² 65.4 m · 4 fl.
44809I0649/52E002 Flanders 3,360 m² 1 · 964 m² 108.5 m · 24 fl.
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 5
6 of 6 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Statutory auditor

4 auditors
Mercken & Co BVCurrent
Statutory auditor · represented by Maarten Desmet
03-06-2024 → present
Show 3 earlier auditors
Callens, Pirenne, Theunisser & Co
Statutory auditor
succeeded by Mazars Bedrijfsrevisoren in 2017
06-08-2015 → 18-07-2017
Mazars Bedrijfsrevisoren
Statutory auditor
succeeded by Mercken Bedrijfsrevisoren in 2020
18-07-2017 → 29-04-2020
Mercken Bedrijfsrevisoren
Statutory auditor · represented by Wery Mercken
succeeded by Mercken & Co BV in 2024
29-04-2020 → 03-06-2024

Structure & network

Connections & network

62 connected companies
Luc Wouters, Shared director, links 8 companies LW Luc WoutersAquaFlanders, via Luc Wouters AAquaFlandersSYNDUCTIS, via Luc Wouters SSYNDUCTISVlaamse Maatschappij voor Watervoorziening, via Luc Wouters VMVlaamseMaatscha…eningWaterunie, via Luc Wouters WWaterunieOdgers, via Luc Wouters OOdgersORBISS, via Luc Wouters OORBISSPlus & Co, via Luc Wouters P&Plus & CoVAB Rijschool, via Luc Wouters VRVAB RijschoolBruno Matthys, Shared director, links 6 companies BM Bruno MatthysIntergemeentelijke Vereniging voor Afvalbeheer in Gent en Omstreken, via Bruno Matthys IVIntergem…lijkeVerenigi…rekenVereniging voor het Museum van Hedendaagse Kunst te Gent, via Bruno Matthys VVVerenigingvoor het… GentWAALSE KROOK, via Bruno Matthys WKWAALSE KROOKFarys, via Bruno Matthys FFarysVLAAMSE LANDMAATSCHAPPIJ VLAAMSELANDMAA…PPIJ0236.506.685
Shared directors
Linked via shared directors
Show 33 more companies with a shared director
→
Provinciaal Recreatiedomein De Lilse Bergen
viaMireille Colson · Gedeputeerde bevoegd voor recreatie & toerisme (dagelijks bestuur)
→
SYNDUCTIS
viaLuc Wouters · Director
→
→
WAALSE KROOK
viaBruno Matthys · Lid van de raad van bestuur
→
Waterunie
viaLuc Wouters · B bestuurder
→
former→
former→
ENODIA
viaBROERS Huub · Administrateur représentant les communes associées
former→
Farys
viaBruno Matthys · Director
former→
FLUVIUS IMEWO
viaBruno Matthys · Bestuurder en lid van het corporate governance comité
former→
former→
Odgers
viaLuc Wouters · Director
former→
ORBISS
viaLuc Wouters · Director
former→
Plus & Co
viaLuc Wouters · Director
former→
PUBLI-T
viaDEJAEGHER Christof · Administrateur catégorie b
former→
former→
former→
former→
Woonstart
viaSimon Bekaert · Director
former→
Network connections
AQUAFIN
Shared director
→
ASPIRAVI OFFSHORE
Shared director
→
ASPIRAVI OFFSHORE II
Shared director
→
BUILDWISE
Shared director
→
Show 21 more network connections
Buren Dienstencheques
Shared director
→
Catalisti
Shared director
→
De Werkvennootschap
Shared director
→
→
→
FrieslandCampina
Shared director
→
Imelda
Shared director
→
→
LijnCom
Shared director
→
→
PROMAN Agilitas
Shared director
→
THE VALUE GROUP
Shared director
→
Z-KRACHT
Shared director
→

Public money · subsidies and aid

Flemish government

2024 to 2025 · 5 entries · 5,590,305 EUR awarded · 5,590,303 EUR paid
Year Entries awardedpaid
2025 2 122,479 EUR2,173,846 EUR
2024 3 5,467,826 EUR3,416,457 EUR
Schemes
Vergoeding voor de slapende NER
2 entries · 5,364,854 EUR · 5,364,853 EUR paid · VLAAMSE LANDMAATSCHAPPIJ
Tegemoetkoming in de kosten voor fosfaatstalen (VLM)
2 entries · 225,450 EUR · 225,450 EUR paid · VLAAMSE LANDMAATSCHAPPIJ
Subsidies vanuit plattelandsbeleid
1 entry · 1 EUR · VLAAMSE LANDMAATSCHAPPIJ

European Union, budget

2021 to 2025 · 16 entries · 15,360,912 EUR in total
Year Entries awarded
2025 2 3,074,654 EUR
2024 1 2,577,687 EUR
2023 9 3,880,887 EUR
2022 3 3,127,684 EUR
2021 1 2,700,000 EUR
Projects
TECHNICAL ASSISTANCE FOR NETWORKING ACTIVITIES FOCUSING ON INNOVATION AND KNOWLEDGE EXCHANGE EIP-AGRI IN SUPPORT OF THE COMMON AGRICULTURAL POLICY (CAP) FOR THE 2021-2027 PROGRAMMING PERIOD
3.2.12 - European Agricultural Fund for Rural Development (EAFRD) · 01-07-2021 to 30-06-2024 · 2,719,807 EUR
TECHNICAL ASSISTANCE FOR NETWORKING ACTIVITIES FOCUSING ON INNOVATION AND KNOWLEDGE EXCHANGE – EIP-AGRI IN SUPPORT OF THE COMMON AGRICULTURAL POLICY (CAP) FOR THE 2021-2027 PROGRAMMING PERIOD
3.2.12 - European Agricultural Fund for Rural Development (EAFRD) · 01-07-2021 to 30-06-2022 · 2,700,000 EUR
NETWORKING IN SUPPORT OF THE CAP - LOT 2 INNOVATION AND KNOWLEDGE EXCHANGE
3.2.12 - European Agricultural Fund for Rural Development (EAFRD) · 01-07-2025 to 30-06-2026 · 2,664,443 EUR
TECHNICAL ASSISTANCE FOR NETWORKING ACTIVITIES FOCUSING ON INNOVATION AND KNOWLEDGE EXCHANGE - EIP-AGRI IN SUPPORT OF THE COMMON AGRICULTURAL POLICY (CAP) FOR THE 2021-2027 PROGRAMMING PERIOD
3.2.12 - European Agricultural Fund for Rural Development (EAFRD) · 01-07-2021 to 30-06-2025 · 2,577,687 EUR
TECHNICAL ASSISTANCE FOR NETWORKING ACTIVITIES FOCUSING ON INNOVATION AND KNOWLEDGE EXCHANGE – EIP-AGRI IN SUPPORT OF THE COMMON AGRICULTURAL POLICY (CAP) FOR THE 2021-2027 PROGRAMMING PERIOD
3.2.12 - European Agricultural Fund for Rural Development (EAFRD) · 01-07-2021 to 30-06-2023 · 2,527,908 EUR
Show 11 more projects
101069526 - LIFE21-IPN-BE-B4B LIFE - BELGIUM FOR BIODIVERSITY
3.2.21 - Programme for Environment and Climate Action (LIFE) · 01-01-2023 to 31-12-2031 · 482,590 EUR
CATALYSING THE CONSERVATION OF THE CRITICALLY ENDANGERED COMMON HAMSTER THROUGH AN INNOVATIVE SPECIES AND AGRICULTURAL MANAGEMENT APPROACH
3.2.21 - Programme for Environment and Climate Action (LIFE) · 01-09-2025 to 31-03-2032 · 410,211 EUR · LIFE24-NAT-BE-LIFE Cricetus
101112836 - NBRACER - NATURE BASED SOLUTIONS FOR ATLANTIC REGIONAL CLIMATE RESILIENCE
1.0.11 - Horizon Europe · 01-10-2023 to 30-09-2027 · 330,433 EUR
101081464 - PLUS CHANGE - PLANNING LAND USE STRATEGIES: MEETING BIODIVERSITY, CLIMATE AND SOCIAL OBJECTIVES IN A CHANGING WORLD.
1.0.11 - Horizon Europe · 01-06-2023 to 31-05-2027 · 270,490 EUR
101112836 - NBRACER - NATURE BASED SOLUTIONS FOR ATLANTIC REGIONAL CLIMATE RESILIENCE
1.0.11 - Horizon Europe · 01-10-2023 to 30-09-2027 · 175,769 EUR
101081238 - MOSAIC - JOINED-UP LAND USE STRATEGIES TACKLING CLIMATE CHANGE AND BIODIVERSITY LOSS
1.0.11 - Horizon Europe · 01-09-2023 to 29-02-2028 · 147,672 EUR
101132315 - FOODCITYBOOST - INTEGRATED ASSESSMENT OF URBAN FARMING IMPACTS AND POLICIES FOR BOOSTING SUSTAINABLE URBAN AGRICULTURAL DEVELOPMENT LINKING URBAN, PERI-URBAN AND RURAL AREAS
1.0.11 - Horizon Europe · 01-01-2024 to 31-12-2027 · 133,473 EUR
101056734 - PATTERN - PROVIDING OPERATIONAL ECONOMIC APPRAISAL METHODS AND PRACTICES FOR INFORMED DECISION-MAKING IN CLIMATE AND ENVIRONMENTAL POLICIES
1.0.11 - Horizon Europe · 01-06-2022 to 31-05-2025 · 117,187 EUR
101112836 - NBRACER - NATURE BASED SOLUTIONS FOR ATLANTIC REGIONAL CLIMATE RESILIENCE
1.0.11 - Horizon Europe · 01-10-2023 to 30-09-2027 · 86,051 EUR
101112836 - NBRACER - NATURE BASED SOLUTIONS FOR ATLANTIC REGIONAL CLIMATE RESILIENCE
1.0.11 - Horizon Europe · 01-10-2023 to 30-09-2027 · 13,525 EUR
101112836 - NBRACER - NATURE BASED SOLUTIONS FOR ATLANTIC REGIONAL CLIMATE RESILIENCE
1.0.11 - Horizon Europe · 01-10-2023 to 30-09-2027 · 3,667 EUR

European research

7 projects · 1,334,923 EUR EU contribution
Programmes
HORIZON
6 entries · 1,278,261 EUR
h2020
1 entry · 56,663 EUR
Projects
Nature Based Solutions for Atlantic Regional Climate Resilience
HORIZON · participant · 01-10-2023 to 30-09-2027 · 609,438 EUR · NBRACER
Planning Land Use Strategies: Meeting biodiversity, climate and social objectives in a Changing world.
HORIZON · participant · 01-06-2023 to 31-05-2027 · 270,491 EUR · PLUS Change
Joined-up land use strategies tackling climate change and biodiversity loss
HORIZON · participant · 01-09-2023 to 29-02-2028 · 147,670 EUR · MOSAIC
Integrated assessment of urban farming impacts and policies for boosting sustainable urban agricultural development linking urban, peri-urban and rural areas
HORIZON · participant · 01-01-2024 to 31-12-2027 · 133,475 EUR · FOODCITYBOOST
Providing operational economic appraisal methods and practices for informed decision-making in climate and environmental policies
HORIZON · participant · 01-06-2022 to 31-05-2025 · 117,187 EUR · PATTERN
Show 2 more projects
Collaborative lAnd Sea inTegration pLatform
h2020 · participant · 01-05-2018 to 31-10-2022 · 56,663 EUR · COASTAL
REWARD – Rewarding Agri-Environmental Results for a Green Transition
HORIZON · associatedPartner · 01-06-2026 to 31-05-2030 · REWARD

Recognitions · licences · registrations

Dual-learning approval

2 ended

Similar companies · same sector, comparable size

MONDIAL IMMO
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Novus
BE 0466.286.522
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Immobilière du Meir
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DANNEELS DEVELOPMENT
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Of 11,750 companies in sector 68310 we hold annual accounts for 6,908. 293 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification
Legal formNaamloze vennootschap van publiek recht
Founded29-12-1988
Fiscal year end31-12
Abbreviation NL VLM
Activities, NACEBEL
68310Real estate agency activities
68311Real estate activities
75120
84120Public administration and defence; compulsory social security
Sources
Crossroads Bank for EnterprisesNational Bank · 37 filingsAddress and cadastre registers

Data from official sources, last processed on 23-09-2026. Scores and ratios are computed by Checked and are not a credit decision.

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