ACTIVE

BELGIAN LAND

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Financial year 2025 · closed on 31/12/2025

Net result

-2,7 M €

-567.9% YoY

Revenue

262,5 k €

0.0% YoY

Equity

26,7 M €

-9.2% YoY

What does BELGIAN LAND do?

BELGIAN LAND is a Public limited company incorporated in 2013. Its main activity is: Activities of holding companies. Its registered office is in Bruxelles.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0525.728.320

Incorporation

04/04/2013

Legal form

Public limited company

Registered office

Rue Guimard 18
1040 Bruxelles · BruxellesSee on map

Contributed capital

22 457 000,00 €

Latest accounts

31/12/2025

Activities (NACE)

64200Activities of holding companies· main 64210Activities of holding companies 70200Management consultancy activities 70220Business and other management consultancy activities

Signals

Solid equityLow riskGood liquidity

View the BCE/KBO Public Search record →

Health score

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Recommended credit limit

✦ Verdict · Analyst summary

Financials

Trend over 13 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013
Income statement
Revenue	262,5 k €	0.0%	262,5 k €	-11.9%	298 k €	+9.4%	272,5 k €	+18.5%	230 k €	-13.7%	266,5 k €	-61.4%	690,8 k €	+61.9%	426,7 k €	-49.0%	836,3 k €	-27.8%	1,2 M €	+132%	500 k €		–		–
EBITDA	-433,6 k €	-343%	-97,8 k €	+34.7%	-149,9 k €	-2.9%	-145,6 k €	+74.4%	-568 k €	+4.5%	-594,8 k €	+18.0%	-725,2 k €	-94.8%	-372,2 k €	-619%	-51,8 k €	-183%	62 k €	+116%	-391 k €	+7.8%	-424,1 k €	-78.2%	-238 k €
Operating result	-433,6 k €	-343%	-97,8 k €	+34.9%	-150,4 k €	-2.0%	-147,4 k €	+74.2%	-571,2 k €	+4.7%	-599,2 k €	+18.1%	-731,9 k €	-66.9%	-438,4 k €	-36.1%	-322,3 k €	-55.4%	-207,4 k €	+68.5%	-659,2 k €	+4.7%	-691,6 k €	-57.6%	-439 k €
Net result	-2,7 M €	-568%	576,1 k €	-82.9%	3,4 M €	+83.6%	1,8 M €	+96.4%	936,6 k €	+17.7%	796 k €	+119%	363,6 k €	+193%	123,9 k €	+6.3%	116,7 k €	-77.9%	528,8 k €	+200%	-528 k €	+21.1%	-669,3 k €	-54.2%	-433,9 k €
Balance sheet
Equity	26,7 M €	-9.2%	29,4 M €	+2.0%	28,8 M €	+13.3%	25,4 M €	+7.8%	23,6 M €	-27.7%	32,7 M €	+14.3%	28,6 M €	+28.9%	22,2 M €	+0.6%	22 M €	+38.8%	15,9 M €	+107%	7,7 M €	+257%	2,1 M €	-23.8%	2,8 M €
Total assets	27,4 M €	-7.5%	29,6 M €	+2.5%	28,9 M €	+12.0%	25,8 M €	-23.3%	33,6 M €	+2.6%	32,8 M €	+14.4%	28,7 M €	+27.9%	22,4 M €	+1.2%	22,1 M €	+34.8%	16,4 M €	+78.3%	9,2 M €	+250%	2,6 M €	-10.0%	2,9 M €
Cash	8,3 k €	-99.5%	1,6 M €	-58.9%	3,9 M €	-4.4%	4,1 M €	-26.9%	5,5 M €	+60.3%	3,5 M €	+277%	918,5 k €	+49.3%	615,3 k €	-71.7%	2,2 M €	+247%	626,6 k €	+227%	191,7 k €	+937705%	20,4 €	-100.0%	1,7 M €
Debts	701,1 k €	+198%	235,5 k €	+200%	78,5 k €	-77.9%	355,6 k €	-96.5%	10 M €	+9567%	103,7 k €	+28.7%	80,6 k €	-66.6%	241,3 k €	+139%	101,2 k €	-81.3%	540,4 k €	-65.1%	1,6 M €	+217%	489,5 k €	+336%	112,2 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 25 M€ and 50 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 17 ended

Active mandates

Adeline SIMONT

Membre du Conseil de Surveillance · since 03 juin 2025 · until 05 juin 2028

Active

Dominique LABAY

Membre du Conseil de Surveillance · since 03 juin 2025 · until 05 juin 2028

Active

Erol KANDIYOTI

Membre du Conseil de Surveillance · since 03 juin 2025 · until 05 juin 2028

Active

FINANCE SOLUTIONS

Membre du Conseil de Surveillance · since 28 octobre 2020 · until 02 juin 2026 · 0808.246.857

Represented by Laurent LIEMANCE

Active

Ended mandates

Adeline SIMONT

Membre du Conseil de Surveillance · since 28 octobre 2020 · until 03 juin 2025

Ended

Dominique LABAY

Membre du Conseil de Surveillance · since 28 octobre 2020 · until 03 juin 2025

Ended

Dominique LABAY

Membre du Conseil de Surveillance · since 28 octobre 2020 · until 30 juin 2025

Ended

Erol KANDIYOTI

Mandate · since 28 octobre 2020 · until 03 juin 2025

Ended

At this address

Other companies at this address

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Degroof Petercam Asset Management● Active	0886.223.276
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DPAM B● Liquidation	0444.265.542
DPAM DBI-RDT B● Active	0460.299.444
European Capital Partners UCITS● Active	0722.587.840
FEDERALE INVEST● Active	0832.372.143
FinFactor Global Investment Funds SICAV● Active	1033.544.403
FONCIERE DES COLLINES● Active	0821.133.308
HOLDING FONCIERE DES COLLINES● Active	0820.953.956
I.I., SICAV INSTITUTIONNELLE DE DROIT BELGE● Active	0463.344.650
LES COLLINES DE WAVRE● Active	0820.593.967
LVO GLOBAL INSTITUTIONAL FUND● Active	0782.603.423
M-SQUARE CERTIFICATES● Active	0846.825.044
NIEUW ZUID CERTIFICATES● Active	0656.659.316
OMEGA PRESERVATION FUND● Active	0864.363.634
Orban Finance● Active	0696.644.397
PICARDIE INVEST● Active	0459.628.560

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	29/07/2026	20/08/2025	24/07/2024	27/07/2023	30/06/2022	04/08/2021
General meeting	23/06/2026	03/06/2025	04/06/2024	06/06/2023	07/06/2022	01/06/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

13 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	23/06/2026	29/07/2026	French	PDF
Full model	31/12/2024	03/06/2025	20/08/2025	French	PDF
Full model	31/12/2023	04/06/2024	24/07/2024	French	PDF
Full model	31/12/2022	06/06/2023	27/07/2023	French	PDF
Full model	31/12/2021	07/06/2022	30/06/2022	French	PDF
Full model	31/12/2020	01/06/2021	04/08/2021	French	PDF
Full model	31/12/2019	02/06/2020	07/07/2020	French	PDF
Full model	31/12/2018	04/06/2019	30/08/2019	French	PDF
Full model	31/12/2017	05/06/2018	13/06/2018	French	PDF
Full model	31/12/2016	06/06/2017	30/06/2017	French	PDF
Full model	31/12/2015	07/06/2016	28/06/2016	French	PDF
Full model	31/12/2014	02/06/2015	07/07/2015	French	PDF
Full model	31/12/2013	03/06/2014	24/06/2014	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 25 M€ and 50 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 17 ended

Active mandates

Adeline SIMONT

Membre du Conseil de Surveillance · since 03 juin 2025 · until 05 juin 2028

Active

Dominique LABAY

Membre du Conseil de Surveillance · since 03 juin 2025 · until 05 juin 2028

Active

Erol KANDIYOTI

Membre du Conseil de Surveillance · since 03 juin 2025 · until 05 juin 2028

Active

FINANCE SOLUTIONS

Membre du Conseil de Surveillance · since 28 octobre 2020 · until 02 juin 2026 · 0808.246.857

Represented by Laurent LIEMANCE

Active

Ended mandates

Adeline SIMONT

Membre du Conseil de Surveillance · since 28 octobre 2020 · until 03 juin 2025

Ended

Dominique LABAY

Membre du Conseil de Surveillance · since 28 octobre 2020 · until 03 juin 2025

Ended

Dominique LABAY

Membre du Conseil de Surveillance · since 28 octobre 2020 · until 30 juin 2025

Ended

Erol KANDIYOTI

Mandate · since 28 octobre 2020 · until 03 juin 2025

Ended

Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates14/10/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates05/08/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates02/06/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates25/10/2022
DEMISSIONS, NOMINATIONS
PDF
Capital / shares14/02/2022
CAPITAL, ACTIONS
PDF
Registered office10/03/2021
ADRESSE AUTRE QUE SIEGE SOCIAL
PDF
Mandates20/11/2020
CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Capital / shares20/11/2020
CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 2025-2,7 M €↓
2024
Annual accounts 2024576,1 k €↓
2023
Annual accounts 20233,4 M €↑
2022
Annual accounts 20221,8 M €↑
2021
Annual accounts 2021936,6 k €↑
2020
Annual accounts 2020796 k €↑
2019
Annual accounts 2019363,6 k €↑
2018
Annual accounts 2018123,9 k €↑
2017
Annual accounts 2017116,7 k €↓
2016
Annual accounts 2016528,8 k €↑
2015
Annual accounts 2015-528 k €↑
2014
Annual accounts 2014-669,3 k €↓
2013
Annual accounts 2013-433,9 k €
04/04/2013
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

BELGIAN LAND

Overview

What does BELGIAN LAND do?

Trend over 13 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline