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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Tight liquidity NBB
Cash and receivables cover 0 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
73 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
PDF 2 Land from Waregem, company number BE0742859058, closed financial year 2025 with a result of € -54,447 after tax. For that financial year PDF 2 Land recorded a gross margin of € -26,148 and equity of € 468,789. Compared with financial year 2024, the result moved from € -2,951 to € -54,447. The company made a loss. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on December 16, 2025.
€ 468,789
▲ € 399,271 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -54,447
▼ 1745 % more loss than in 2024
Profit after tax over the fiscal year.
€ 10,235
▼ 78% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -452,711.
People and assets in 2025
0
Average over the fiscal year, from the social balance sheet.
Debts at end 2025
€ 37.3 million
▲ 128% vs 2024
€ 6.6 million is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 258,572
▲ 142% vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 15,608 | € 4,978 | € -10,463 | € -26,148 | ▼ € 15,685 |
| Profit after taxes | € 3,509 | € -19,019 | € -2,951 | € -54,447 | ▼ € 51,495 |
| Equity | € 62,228 | € 72,470 | € 69,519 | € 468,789 | ▲ € 399,271 |
| Total debts | € 23,150,204 | € 24,701,536 | € 25,617,609 | € 41,208,358 | ▲ 61% |
| Cash | € 76,058 | € 190,079 | € 46,023 | € 10,235 | ▼ 78% |
| Retained profit | € 728 | € -99,030 | € -101,981 | € -452,711 | ▼ € 350,729 |
| Bank debt | € 11,985,988 | € 13,186,491 | € 16,333,491 | € 37,306,058 | ▲ 128% |
| Balance sheet total | € 23,212,432 | € 24,774,006 | € 25,687,127 | € 41,677,147 | ▲ 62% |
Key figures of PDF 2 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 30 January 2027.
What happened to PDF 2 Land?
What happened at PDF 2 Land in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 54,447. Source: NBB ↗
- High 5 Investments BV stepped down as director. NBB
- Davy DEMUYNCK stepped down as director. NBB
- Mark Hillewaere stepped down as director. NBB
- Kristof VANFLETEREN stepped down as director. NBB
- Mark Hillewaere became a director. NBB
- New establishment in Waregem. KBO
- High 5 Investments BV became a director. NBB
In short
From € 3,509 profit in 2022 to € 54,447 loss in 2025.
Paid € 251 in corporate taxes since 2022.
Best year ever: 2022, with € 3,509 profit.
Management
The stake of Premier Development Fund 2 comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
PDF 2 LandThe shares are held by Premier Development Fund 2 (100%).
Directors
According to the 2025 annual accounts
Director · represented by Dirk Mertens
Also active at: RODEKRUISPLEIN, Nieuw-Land, Nieuw-Construct, Premier Development Fund 2, De Tolhuizen Galgenberg, SDRE INVEST, PDF 2 PROJECT, PDF 2 Construct +5 more
since 2020 · until 2025
Davy DEMUYNCK
Director
Also active at: NATIONALE IMMOBILIENVENNOOTSCHAP VAN HET BOUWBEDRIJF, DECAT Energy Technics, RODEKRUISPLEIN, COBOS, IMMOCOBEL, DE NIEUWE KORTRIJKSE ZILVERSMEDERIJ, ESPOSITO, RIKOTAL +133 more
since 2020 · until 2025
Mark Hillewaere
Director
Also active at: RODEKRUISPLEIN, Premier Development Fund 2, SDRE INVEST, PDF 2 PROJECT, PDF 2 Construct, PDF 2 Invest, Foncière Diegem, CAPRONNIER INVEST +2 more
since 2024 · until 2025
Kristof VANFLETEREN
Director
Also active at: NATIONALE IMMOBILIENVENNOOTSCHAP VAN HET BOUWBEDRIJF, DECAT Energy Technics, A’PEN, RODEKRUISPLEIN, COBOS, IMMOCOBEL, DE NIEUWE KORTRIJKSE ZILVERSMEDERIJ, ESPOSITO +139 more
since 2020 · until 2025
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Vredestraat 53
8790 Waregem
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 73 companies are registered at this address.
All companies at this address →Van Eyck Residentie
€ 159,675 gross margin · 2025
RODEKRUISPLEIN same network
€ 45,360 gross margin · 2025
COBOS same network
DE NIEUWE KORTRIJKSE ZILVERSMEDERIJ same network
€ 325,000 revenue · 2025
SRB-invest
€ 2.1 million gross margin · 2022
+68 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
- 0742.859.058
- VAT number
- BE 0742.859.058
- Registered office
- Vredestraat 53, 8790 Waregem
- Names & denominations
- PDF 2 Land
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 3 February 2020
- Peppol
- Active · Active since 1 Jan 2001