Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 60 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
32 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
BELGIAN LAND from Brussel, company number BE0525728320, closed financial year 2025 with a result of € -2.7 million after tax. For that financial year BELGIAN LAND recorded revenue of € 262,500 and equity of € 26.7 million. Compared with financial year 2024, the result moved from € 576,078 to € -2.7 million. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 29, 2026.
€ 26.7 million
▼ 9% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -2.7 million
▼ still € 576,078 profit in 2024
Profit after tax over the fiscal year.
€ 8,285
▼ 99% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 4.2 million.
Debts at end 2025
€ 180,430
Loans from banks and other lenders, long and short.
€ 152,319
▼ 4% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 80 days on average.
€ 91,369
▲ 19% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 272,500 | € 298,000 | € 262,500 | € 262,500 | |
| Profit after taxes | € 1,840,036 | € 3,377,527 | € 576,078 | € -2,695,238 | ▼ € 3.3 million |
| Equity | € 25,444,842 | € 28,822,369 | € 29,398,447 | € 26,703,209 | ▼ 9% |
| Total debts | € 355,574 | € 78,547 | € 235,507 | € 701,086 | ▲ 198% |
| Cash | € 4,056,437 | € 3,879,793 | € 1,593,314 | € 8,285 | ▼ 99% |
| Retained profit | € 2,987,842 | € 6,365,369 | € 6,941,447 | € 4,246,209 | ▼ 39% |
| Bank debt | € 0 | € 0 | € 0 | € 180,430 | |
| Balance sheet total | € 25,800,416 | € 28,900,917 | € 29,633,954 | € 27,404,295 | ▼ 8% |
Key figures of BELGIAN LAND, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to BELGIAN LAND?
What happened at BELGIAN LAND in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Erol KANDIYOTI stepped down as director. NBB
- Adeline SIMONT stepped down as director. NBB
- Dominique LABAY stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 2.7 million (▼ € 3.3 million vs 2024). Source: NBB ↗
- FINANCE SOLUTIONS SRL stepped down as director. NBB
- Erol KANDIYOTI became a director. NBB
- Adeline SIMONT became a director. NBB
- Dominique LABAY became a director. NBB
In short
From € 1.8 million profit in 2022 to € 2.7 million loss in 2025.
Paid € 146,715 in corporate taxes since 2022.
Best year ever: 2023, with € 3.4 million profit.
Pays suppliers within 80 days on average.
A new publication or filing at BELGIAN LAND? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of K FINANCE COORDINATION & SERVICES, Société Immobilière et Financière Industrie Guimard comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
BELGIAN LANDThe shares are held by K FINANCE COORDINATION & SERVICES (17.9%) and Société Immobilière et Financière Industrie Guimard (1.1%). It owns 100% of PLANTIN DEVELOPMENT, 100% of BELGIAN LAND PROPERTIES, 100% of SOURCES PROPERTY, 100% of SEB DEVELOPMENT, 100% of SOURCES DEVELOPMENT and 50% of PRE DE LA PERCHE CONSTRUCTION itself.
Directors
According to the 2025 annual accounts
Membre du Conseil de Surveillance · represented by Laurent LIEMANCE
Also active at: CBRE Property and Asset Management, BELLALUI, CBRE ADVISORY, CSM PROPERTIES, CBRE Company Management
since 2020 · until 2026
Erol KANDIYOTI
Membre du Conseil de Surveillance
since 2025 · until 2028
Adeline SIMONT
Membre du Conseil de Surveillance
Also active at: ANDEL, Belgian Land Properties, GLIDA IMMO, SEB Development, Sources Development, Plantin Development, LES COLLINES DE WAVRE, Bassem Certificates +1 more
since 2025 · until 2028
Dominique LABAY
Membre du Conseil de Surveillance
since 2025 · until 2028
Shareholders
Participations
Establishments
Establishment units
Physical locations of this company
Guimardstraat 18
1040 Brussel
Lloyd Georgelaan 7
1000 Brussel
Active since 4 April 2013
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 32 companies are registered at this address.
All companies at this address →Société Immobilière et Financière Industrie Guimard same network
€ 3.3 million revenue · 2025
STOCKEL RESIDENCE CERTIFICATES
€ 1.2 million revenue · 2025
DPAM B
PLUSINVEST
PICARDIE INVEST
€ 16,158 revenue · 2025
+27 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0525.728.320
- VAT number
- BE 0525.728.320
- Registered office
- Guimardstraat 18, 1040 Brussel
- Names & denominations
- BELGIAN LAND
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 4 April 2013
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Activiteiten van holdings
Holdings
Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies
Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering