ACTIVE

BELGIAN LAND

Financial year 2025 · Closed on 31/12/2025

Net result-2,7 M €-567,9 %over 1 year

Revenue262,5 k €0,0 %over 1 year

Equity26,7 M €-9,2 %over 1 year

Identity

Source · BCE/KBO

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

Financials

Source · NBB, 13 filings

Trend over 13 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	262,5 k €	0.0%	262,5 k €	-11.9%	298 k €	+9.4%	272,5 k €	+18.5%	230 k €
EBITDA	-433,6 k €	-343%	-97,8 k €	+34.7%	-149,9 k €	-2.9%	-145,6 k €	+74.4%	-568 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 €
Net result	-2,7 M €	-568%	576,1 k €	-82.9%	3,4 M €	+83.6%	1,8 M €	+96.4%	936,6 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 €
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 €
Cash	8,3 k €	-99.5%	1,6 M €	-58.9%	3,9 M €	-4.4%	4,1 M €	-26.9%	5,5 M €
Debts	701,1 k €	+198%	235,5 k €	+200%	78,5 k €	-77.9%	355,6 k €	-96.5%	10 M €

Valuation

Indicative valuation

As an indication, this company is worth

between 25 M€ and 50 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

4 active · 5 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Adeline SIMONT	Membre du Conseil de Surveillance28/10/2020 → 05/06/2028Directorlisted until the 2019 accountsended
Dominique LABAY	Membre du Conseil de Surveillance28/10/2020 → 05/06/2028Director24/05/2016 → 2019 accountsended
Erol KANDIYOTI	Membre du Conseil de Surveillance03/06/2025 → 05/06/2028Mandate28/10/2020 → 2024 accountsendedDirector04/06/2019 → 2019 accountsendedChairman of the board of directors24/04/2013 → 2018 accountsended
FINANCE SOLUTIONS0808.246.857Represented by Laurent LIEMANCE	Membre du Conseil de Surveillance28/10/2020 → 02/06/2026

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Jean Baptiste VAN EX	Director04/06/2019 → 2019 accounts
KUMAX0863.276.244Represented by Maxime KUMPEN	Director20/01/2017 → 2019 accounts
Gaëtan CLERMONT	Director28/03/2013 → 20/01/2017

Other companies at this address

Rue Guimard 18 1040 Bruxelles

Company	CBE no.
ASTERIA FUND● Active	1034.709.490
ATLANTIC CERTIFICATES● Active	0816.905.789
Belgian Land Properties● Active	0645.989.514
Degroof Petercam Asset Management● Active	0886.223.276
DEGROOF PETERCAM CORPORATE FINANCE● Active	0864.424.606
DPAM B● Active	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

Full financial information

Source · NBB

	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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 13 filings

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

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.

Board of directors

Source · NBB, accounts to 31/12/2025

4 active · 5 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Adeline SIMONT	Membre du Conseil de Surveillance28/10/2020 → 05/06/2028Directorlisted until the 2019 accountsended
Dominique LABAY	Membre du Conseil de Surveillance28/10/2020 → 05/06/2028Director24/05/2016 → 2019 accountsended
Erol KANDIYOTI	Membre du Conseil de Surveillance03/06/2025 → 05/06/2028Mandate28/10/2020 → 2024 accountsendedDirector04/06/2019 → 2019 accountsendedChairman of the board of directors24/04/2013 → 2018 accountsended
FINANCE SOLUTIONS0808.246.857Represented by Laurent LIEMANCE	Membre du Conseil de Surveillance28/10/2020 → 02/06/2026

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Jean Baptiste VAN EX	Director04/06/2019 → 2019 accounts
KUMAX0863.276.244Represented by Maxime KUMPEN	Director20/01/2017 → 2019 accounts
Gaëtan CLERMONT	Director28/03/2013 → 20/01/2017

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Capital / shares10/08/2026
Réduction de capital - pouvoirs
PDF
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

Similar companies

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

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings13 filings

Mandates

Dominique LABAY

Erol KANDIYOTI

Adeline SIMONT

FINANCE SOLUTIONS

KUMAX

Jean Baptiste VAN EX

Ilan ZATALOVSKI

Jean-Baptiste VAN EX

Gaëtan CLERMONT

2013201420152016201720182019202020212022202320242025202620272028

BELGIAN LAND

Rue Guimard 18, 1040 Etterbeek

Membre du Conseil de SurveillanceDirector

Membre du Conseil de SurveillanceChairman of the board of directors

Membre du Conseil de Surveillance

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Rue Guimard 18, 1040 EtterbeekCurrent	accounts 2022 → 2025	Accounts 2025 · 2026-00385259
Boulevard Waterloo 16, 1000 Brussels	accounts 2021	Accounts 2021 · 2022-20137680

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
BELGIAN LANDCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00385259

Events

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

BELGIAN LAND

Overview

Identity

Financials

Valuation

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

Timeline

Registered offices

Company names

Events