What does LAND AND FOREST DEVELOPMENT do?

LAND AND FOREST DEVELOPMENT is a farm in Gesves. Public Limited, started on 21 October 1986, 1 establishment.

What is the address of LAND AND FOREST DEVELOPMENT?

The registered office of LAND AND FOREST DEVELOPMENT is located at Rue des Hautes Arches sn, 5340 Gesves.

Is LAND AND FOREST DEVELOPMENT still active?

Yes. According to the CBE (30 October 2026) LAND AND FOREST DEVELOPMENT is active, legal situation “Normale toestand”, started on 21 October 1986.

Is LAND AND FOREST DEVELOPMENT registered on Peppol?

Yes, LAND AND FOREST DEVELOPMENT is registered on the Peppol network with ID 0208:0429688917.

What is the enterprise number of LAND AND FOREST DEVELOPMENT?

The enterprise number of LAND AND FOREST DEVELOPMENT is BE0429688917.

When was LAND AND FOREST DEVELOPMENT founded?

LAND AND FOREST DEVELOPMENT was founded on 21 October 1986.

Who are the directors of LAND AND FOREST DEVELOPMENT?

According to the 2023 annual accounts, the directors of LAND AND FOREST DEVELOPMENT are: Michel Eliat.

Is LAND AND FOREST DEVELOPMENT a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 21 October 1986; 4 annual accounts filed, latest fiscal year 2023; 1 directors known from the annual account.

How much profit did LAND AND FOREST DEVELOPMENT make in 2023?

LAND AND FOREST DEVELOPMENT posted a profit after taxes of € 26,682 in financial year 2023.

What is the revenue of LAND AND FOREST DEVELOPMENT?

As a small company, LAND AND FOREST DEVELOPMENT is not required to publish revenue in its annual accounts. In financial year 2023, its added value was € 42,191.

LAND AND FOREST DEVELOPMENT (Public Limited) - Gesves

Dossier LAND AND FOREST DEVELOPMENT, printed on 30 October 2026 from databakkes.be/en/0429688917/land-and-forest-development. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Warning lights

Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.

Negative equity NBB

More debt than assets in 4 of the last 4 fiscal years.
Tight liquidity NBB

Cash and receivables cover 10 % of short-term debt in 2023; threshold 65 %.
Annual account missing NBB

Fiscal year 2024 was expected before 31 July 2025 and has not been filed.

Financials

Financial year 2023

LAND AND FOREST DEVELOPMENT from Gesves, company number BE0429688917, closed financial year 2023 with a result of € 26,682 after tax. For that financial year LAND AND FOREST DEVELOPMENT recorded a gross margin of € 42,191 and equity of € -250,452. Compared with financial year 2022, the result moved from € 19,892 to € 26,682. Profitable, and profit is growing. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on June 21, 2024.

What it is worth Caution

€ -250,452

▲ € 26,682 vs 2022

Assets minus debts, by the books. What is left if everything were sold and paid today.

Profit Growing

€ 26,682

▲ 34% vs 2022

Profit after tax over the fiscal year.

Cash in the bank

€ 10,707

▲ 24% vs 2022

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Growing

Stays in the company

No dividend for 2023. Retained profit grew to € -281,439.

People and assets in 2023

Vehicles and equipment

€ 2,897

▲ € 2,726 vs 2022

Book value of vehicles, furniture and equipment.

Debts at end 2023

Bank debt

€ 2

▲ 67% vs 2022

Loans from banks and other lenders, long and short.

Owed to suppliers

€ 64

▼ € 15,308 vs 2022

Supplier invoices still open on the last day of the fiscal year.

Taxes

€ 1,114

▼ 65% vs 2022

Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.

Key figures per fiscal year Download key figures (CSV)
	2020	2021	2022	2023	Change 2022 → 2023
Gross margin	€ 27,403 Gross margin 2020: € 27,403 First fiscal year in the series	€ 16,844 Gross margin 2021: € 16,844 ▼ 39% vs 2020 (€ 27,403) Unfavourable step	€ 36,772 Gross margin 2022: € 36,772 ▲ 118% vs 2021 (€ 16,844) Favourable step	€ 42,191 Gross margin 2023: € 42,191 ▲ 15% vs 2022 (€ 36,772) Favourable step	▲ 15%
Profit after taxes	€ 7,889 Profit after taxes 2020: € 7,889 First fiscal year in the series	€ -4,658 Profit after taxes 2021: € -4,658 ▼ € 12,547 vs 2020 (€ 7,889) Unfavourable step	€ 19,892 Profit after taxes 2022: € 19,892 ▲ € 24,550 vs 2021 (€ -4,658) Favourable step	€ 26,682 Profit after taxes 2023: € 26,682 ▲ 34% vs 2022 (€ 19,892) Favourable step	▲ 34%
Equity	€ -292,368 Equity 2020: € -292,368 First fiscal year in the series	€ -297,026 Equity 2021: € -297,026 ▼ € 4,658 vs 2020 (€ -292,368) Unfavourable step	€ -277,134 Equity 2022: € -277,134 ▲ € 19,892 vs 2021 (€ -297,026) Favourable step	€ -250,452 Equity 2023: € -250,452 ▲ € 26,682 vs 2022 (€ -277,134) Favourable step	▲ € 26,682
Total debts	€ 656,377 Total debts 2020: € 656,377 First fiscal year in the series	€ 643,477 Total debts 2021: € 643,477 ▼ 2% vs 2020 (€ 656,377) Favourable step	€ 652,849 Total debts 2022: € 652,849 ▲ 1% vs 2021 (€ 643,477) Unfavourable step	€ 609,086 Total debts 2023: € 609,086 ▼ 7% vs 2022 (€ 652,849) Favourable step	▼ 7%
Cash	€ 3,672 Cash 2020: € 3,672 First fiscal year in the series	€ 2,437 Cash 2021: € 2,437 ▼ 34% vs 2020 (€ 3,672) Unfavourable step	€ 8,652 Cash 2022: € 8,652 ▲ 255% vs 2021 (€ 2,437) Favourable step	€ 10,707 Cash 2023: € 10,707 ▲ 24% vs 2022 (€ 8,652) Favourable step	▲ 24%
Land & buildings	€ 269,077 Land & buildings 2020: € 269,077 First fiscal year in the series	€ 269,077 Land & buildings 2021: € 269,077 Unchanged (€ 269,077) Unchanged	€ 269,077 Land & buildings 2022: € 269,077 Unchanged (€ 269,077) Unchanged	€ 269,077 Land & buildings 2023: € 269,077 Unchanged (€ 269,077) Unchanged
Retained profit	€ -323,355 Retained profit 2020: € -323,355 First fiscal year in the series	€ -328,013 Retained profit 2021: € -328,013 ▼ € 4,658 vs 2020 (€ -323,355) Unfavourable step	€ -308,121 Retained profit 2022: € -308,121 ▲ € 19,892 vs 2021 (€ -328,013) Favourable step	€ -281,439 Retained profit 2023: € -281,439 ▲ € 26,682 vs 2022 (€ -308,121) Favourable step	▲ € 26,682
Bank debt	€ 18,604 Bank debt 2020: € 18,604 First fiscal year in the series	€ 8 Bank debt 2021: € 8 ▼ € 18,595 vs 2020 (€ 18,604) Favourable step	€ 1 Bank debt 2022: € 1 ▼ 84% vs 2021 (€ 8) Favourable step	€ 2 Bank debt 2023: € 2 ▲ 67% vs 2022 (€ 1) Unfavourable step	▲ 67%
Balance sheet total	€ 364,009 Balance sheet total 2020: € 364,009 First fiscal year in the series	€ 346,451 Balance sheet total 2021: € 346,451 ▼ 5% vs 2020 (€ 364,009) Unchanged	€ 375,715 Balance sheet total 2022: € 375,715 ▲ 8% vs 2021 (€ 346,451) Unchanged	€ 358,634 Balance sheet total 2023: € 358,634 ▼ 5% vs 2022 (€ 375,715) Unchanged	▼ 5%

Key figures of LAND AND FOREST DEVELOPMENT, fiscal years 2020 to 2023, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2024 has not been filed yet; it was expected before 31 July 2025.

What happened to LAND AND FOREST DEVELOPMENT?

What happened at LAND AND FOREST DEVELOPMENT in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

2028 Michel Eliat stepped down as director. NBB
Jun 21, 2024 New annual accounts for financial year 2023: profit of € 26,682 (▲ 34% vs 2022). Source: NBB ↗
2022 Michel Eliat became a director. NBB
Dec 8, 1986 New establishment in Gesves. KBO
Oct 21, 1986 Start of the company according to the CBE. KBO

In short

From € 7,889 profit in 2020 to € 26,682 profit in 2023.

Paid € 2 in corporate taxes since 2020.

Best year ever: 2023, with € 26,682 profit.

Original PDFs at the National Bank ↗

Management

Directors

According to the 2023 annual accounts

Michel Eliat

Director

since 2022 · until 2028

Establishments

Establishment units

Physical locations of this company

Registered office

Rue des Hautes Arches sn

5340 Gesves

2.034.307.754

Rue des Hautes Arches 7

5340 Gesves

Active since 8 December 1986

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Details

Company number

0429.688.917

VAT number

BE 0429.688.917

Registered office

Rue des Hautes Arches sn, 5340 Gesves

Names & denominations

LAND AND FOREST DEVELOPMENT

Enterprise type

Rechtspersoon

Legal form

Public limited company

Legal situation

Normale toestand

Start date

21 October 1986

Peppol

Active · Active since 1 Jan 2001

Activities · NACE

Gemengd landbouwbedrijf

Gemengd bedrijf

Landschapsverzorging

Diensten in verband met de landbouw; aanleg en onderhoud van tuinen en parken

View on CBE Public ↗ Annual accounts (NBB) ↗