Equity
€1.9m =
ZEMLIA paid out €325,904 in dividends. That is 100% of the 2025 profit.
ZEMLIA
Lifetime
20 annual accounts with figures on one time axispeak €717,396 (2017)
€437,954▼ 22.4%
lowest -€43,105 (2006)
€325,904▼ 22.5%
peak €2.8m (2018)
€1.9munchanged
€1.9m▼ 7.2%
Board3 names since 2019
1 directorBUILDING INVESTMENT PROJECTS
Owners2 names in the annual accounts
Documentsfilings and deeds
17-07-202614 days before the deadline
2025financial year
Gross margin from €564,446 to €437,954Dividend €325,904Cash from €175,953 to €281,822
Key points
from the 2025 annual accountsChecked score
95
Excellent
Financially stronger than 58% of small companies in real estate (NACE 68)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 6,998 companies (NACE 68, small).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%lowest value
01-2025: < 0.1%● unchanged vs 12-2024lowest value
02-2025: < 0.1%● unchanged vs 01-2025
03-2025: < 0.1%● unchanged vs 02-2025
04-2025: < 0.1%● unchanged vs 03-2025
05-2025: < 0.1%● unchanged vs 04-2025
06-2025: < 0.1%● unchanged vs 05-2025
07-2025: 0.1%▲ +0.1 percentage points vs 06-2025
08-2025: < 0.1%▼ -0.1 percentage points vs 07-2025
09-2025: < 0.1%● unchanged vs 08-2025
10-2025: < 0.1%● unchanged vs 09-2025
11-2025: < 0.1%● unchanged vs 10-2025
12-2025: < 0.1%● unchanged vs 11-2025
01-2026: < 0.1%● unchanged vs 12-2025
02-2026: < 0.1%● unchanged vs 01-2026
03-2026: < 0.1%● unchanged vs 02-2026
04-2026: 0.1%▲ +0.1 percentage points vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.2%▲ +0.1 percentage points vs 06-2026highest value
08-2026: 0.1%▼ -0.1 percentage points vs 07-2026
09-2026: 0.1%● unchanged vs 08-2026
10-2026: 0.1%● unchanged vs 09-2026
11-2026: 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
1 change of registered office in 24 months
lowers risk
Size: total assets €3.8m
Figures for financial year 2025 (filed on 17-07-2026)
Legal form: public limited company
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 68, small). It does better than 67% of them on solvency, 65% on liquidity, 58% on profitability and 43% on growth.
The bankruptcy probability was computed on 06-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 20,137 companies had the same profile as ZEMLIA has now. Each dot stands for 51 companies, two years later.
95.0%
were still trading
4.7%
stopped another way
0.2%
went bankrupt
That fits the bankruptcy probability of ZEMLIA itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 20,137 companies, not a prediction for ZEMLIA. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €170,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 3.56 (3.22 in 2024), above the usual 1.5. Short-term debt is 23.2% and cash 7.5% of total assets. However, 50.7% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
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 17-07-2026, 14 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
14 days early
2024
24 days early
2023
14 days early
2022
29 days late
2021
23 days late
2020
23 days late
2019
57 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 11 days after the deadline. In the sector (NACE 68), the median for financial year 2024 was 7 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 18 July (4 of the last 5 accounts filed within 36 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
07-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- BUILDING INVESTMENT PROJECTS 100%equity €63.4m (2025) · 2025 annual accounts of BUILDING INVESTMENT PROJECTS
Recent changes
Registered office moved from Evere to Zaventem
New registered office: Frame21 Brussels Airport, Da Vincilaan 2, bus 243, 1930 Zaventem · Previous registered office: Jules Bordetlaan 160 bus 1, 1140 Evere · Resignation: BUILDING INVESTMENT PROJECTS (sole director) · General meeting of 10-02-2026 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0872297343
Merger: ZEMLIA takes over RIVERSIDE SOUTH
Capital increase of €62,000 to €1,653,005 · Capital from €1,591,005 to €1,653,005, 166 new shares · General meeting of 30-06-2022 · Gazette deed
Merger proposal: Zemlia takes over Riverside South
Permanent representative: Bernard Van Canneyt · Appointment: Groupe Audit Belgium (statutory auditor) · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| ZEMLIA Zaventem | €3.8m | €437,954 | 49.3% | - |
| ASL Leuven | €3.6m | €490,127 | 64.9% | - |
| KIEVITPLEIN SHOPPING Brussels | €3.9m | €497,671 | 99.5% | - |
| BONIMMO Herstal | €3.6m | €375,372 | 14.3% | - |
| ESPACE KEGELJAN Namur | €3.3m | €475,579 | 84.6% | 1.8 |
| WEYNE IMMO Kortemark | €3.8m | €402,869 | 14.6% | 1.2 |
| Jevi Schoten | €4.4m | €440,372 | 67.5% | - |
These companies have the same main activity as ZEMLIA: renting and operating of own or leased non-residential real estate, excluding land (NACE 68203). They are comparable in size and age: total assets between €3.3m and €4.4m, founded between 2003 and 2007.
Official details
Source: KBO- Status
- Active since 04-03-2005Normal situation
- Registered office
- 111 active companies are registered at this address7 started in the 12 months before. Source: KBO register, as of 7 November 2026.
- Activity
- Renting and operating of own or leased non-residential real estate, excluding landNACE 68203and 1 other
- Establishment unit
- 2.227.765.8411930 Zaventem, since 01-01-2014
- Financial year end
- 31 December
- Peppol
- Reachable since 27-05-2025
Annual accounts 2025
- €3.8m▼ 3.8%
- Filing
- Filed on 17-07-2026, 14 days before the end of the filing period
Insights on ZEMLIA
ZEMLIA has existed since 2005. In 2014 the gross margin rose from €51,750 to €400,708. On 1 January 2014 a site was added.
BUILDING INVESTMENT PROJECTS holds all the shares. In March 2026, the Official Gazette published the appointment of Bernard Frans André VAN CANNEYT as managing director.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about ZEMLIA
- What is the company number of ZEMLIA?
- The company number of ZEMLIA is 0872.297.343. The VAT number is the same number with BE in front: BE 0872.297.343.
- Where is ZEMLIA based?
- The registered office is at Da Vincilaan 2, 1930 Zaventem.Company details
- What does ZEMLIA do?
- According to the KBO register, the main activity is renting and operating of own or leased non-residential real estate, excluding land (NACE 68203).
- What is the legal form of ZEMLIA?
- ZEMLIA is a public limited company (NV).
- When was ZEMLIA founded?
- ZEMLIA was founded on 04-03-2005.
- Is ZEMLIA still active?
- Yes, ZEMLIA is an active enterprise in the KBO register.
- What is the turnover of ZEMLIA?
- The turnover in financial year 2025 is ≈ €480,000. This figure is estimated from the gross margin of €437,954 and 39 comparable companies (NACE 68203). It probably lies between €460,000 and €600,000.Financials
- Is ZEMLIA profitable?
- In financial year 2025, ZEMLIA made a profit of €325,904.
- Where can I find the annual accounts of ZEMLIA?
- ZEMLIA filed 20 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of ZEMLIA due?
- ZEMLIA must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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