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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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Busy address KBO
13 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
Land Lease Company from Gent, company number BE0685530375, closed financial year 2025 with a result of € -38,676 after tax. For that financial year Land Lease Company recorded a gross margin of € -1,348 and equity of € 46,266. Compared with financial year 2024, the result moved from € -47,074 to € -38,676. The company made a loss. The company holds a healthy buffer. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 31, 2026.
€ 46,266
▼ 46% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -38,676
▲ 18 % less loss than in 2024
Profit after tax over the fiscal year.
€ 7,427
▲ € 7,124 vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -15,234.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 2,996
▲ 8% vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 229,993 | € -6,563 | € -13,824 | € -1,348 | ▲ € 12,476 |
| Profit after taxes | € 125,211 | € -12,271 | € -47,074 | € -38,676 | ▲ € 8,398 |
| Equity | € 144,287 | € 132,016 | € 84,942 | € 46,266 | ▼ 46% |
| Total debts | € 179,335 | € 778,088 | € 775,912 | € 764,027 | ▼ 2% |
| Cash | - | € 8,445 | € 303 | € 7,427 | ▲ € 7,124 |
| Land & buildings | - | € 538,069 | € 516,282 | € 494,495 | ▼ 4% |
| Retained profit | € 82,787 | € 70,516 | € 23,442 | € -15,234 | ▼ € 38,676 |
| Balance sheet total | € 323,622 | € 910,104 | € 860,855 | € 810,293 | ▼ 6% |
Key figures of Land Lease Company, 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 Land Lease Company?
What happened at Land Lease Company in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- INDUSTRIE HOTELIÈRE ET IMMOBILIÈRE NV stepped down as director. NBB
- J5S BV stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 38,676. Source: NBB ↗
- INDUSTRIE HOTELIÈRE ET IMMOBILIÈRE NV became a director. NBB
- J5S BV became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 125,211 profit in 2022 to € 38,676 loss in 2025.
Best year ever: 2022, with € 125,211 profit.
Management
It owns 100% of Land Lease Company Srl. itself.
Directors
According to the 2025 annual accounts
INDUSTRIE HOTELIÈRE ET IMMOBILIÈRE NV
Director · represented by KRISTOF HAERYNCK
Also active at: Seagull Decor, Recreatiepark Klein Strand, GRONDMAATSCHAPPIJ VAN BELGIE, SBR-I, Capital Real Estate, BELGISCHE RENOVATIEMAATSCHAPPIJ
since 2022 · until 2028
Managing director · represented by JONATHAN DEBUCQUOY
Also active at: KENNEDY HOTEL, KOBELMA, JURES, Exploitatiemaatschappij IW, UNIBRICKS, BRICKS & LEISURE VASTGOED, EUROPEAN REAL ESTATE - INVESTMENTS, BOUWADVIES EN -COÖRDINATIE +25 more
since 2022 · until 2028
Establishments
Establishment units
Physical locations of this company
Kortrijksesteenweg 1041
9051 Gent
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 13 companies are registered at this address.
All companies at this address →Exploitatiemaatschappij IW same network
€ 1.1 million gross margin · 2025
EXPLOITATIEMAATSCHAPPIJ ROTATIEPARKING BLANKENBERGE same network
€ 972,920 gross margin · 2025
Real Estate Support Services same network
€ 814,306 gross margin · 2025
EXPLOITATIEMAATSCHAPPIJ ISK same network
€ 1.4 million gross margin · 2025
SBR-I same network
€ 343,466 gross margin · 2025
+8 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
- 0685.530.375
- VAT number
- BE 0685.530.375
- Registered office
- Kortrijksesteenweg 1041, 9051 Gent
- Names & denominations
- Land Lease Company · Laleco
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 30 November 2017
- Peppol
- Active · Active since 21 Oct 2026
- Activities · NACE
Ontwikkeling van residentiële bouwprojecten
Verhuur en exploitatie van terreinen