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 17 % of short-term debt in 2024; threshold 65 %.
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Figures corrected NBB
Corrected annual account filed for 2021.
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Busy address KBO
28 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2024
BELGIAN LAND COMPANY from Oudergem, company number BE0888948778, closed financial year 2024 with a result of € 1.1 million after tax. For that financial year BELGIAN LAND COMPANY recorded a gross margin of € 1.3 million and equity of € 8.9 million. Compared with financial year 2023, the result moved from € 713,864 to € 1.1 million. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on September 29, 2025.
€ 8.9 million
▲ 10% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1.1 million
▲ 56% vs 2023
Profit after tax over the fiscal year.
€ 945,336
▲ 46% vs 2023
Cash and bank balances on the last day of the fiscal year.
€ 300,000 paid out
27 % of the profit went to the shareholders, mostly to WILMARC INVEST (100 % of the shares). That is where the money ends up.
Debts at end 2024
€ 24.6 million
▼ 5% vs 2023
Loans from banks and other lenders, long and short.
€ 346,936
▲ € 295,752 vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 23,256
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 1,014,890 | € 786,672 | € 1,133,779 | € 1,346,943 | ▲ 19% |
| Profit after taxes | € -100,500 | € 38,077 | € 713,864 | € 1,113,131 | ▲ 56% |
| Equity | € 7,538,243 | € 7,576,320 | € 8,065,183 | € 8,878,315 | ▲ 10% |
| Total debts | € 38,853,152 | € 39,775,153 | € 38,755,024 | € 38,023,339 | ▼ 2% |
| Cash | € 6,335,719 | € 4,851,699 | € 649,233 | € 945,336 | ▲ 46% |
| Retained profit | € 2,538,243 | € 2,576,320 | € 3,065,183 | € 3,878,315 | ▲ 27% |
| Dividend | € 0 | € 0 | € 225,000 | € 300,000 | ▲ 33% |
| Bank debt | € 26,650,000 | € 26,984,724 | € 25,902,104 | € 24,557,131 | ▼ 5% |
| Balance sheet total | € 46,391,395 | € 47,351,473 | € 46,820,207 | € 46,901,654 |
Key figures of BELGIAN LAND COMPANY, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to BELGIAN LAND COMPANY?
What happened at BELGIAN LAND COMPANY in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: profit of € 1.1 million (▲ 56% vs 2023). filed late Source: NBB ↗
- WILMARC INVEST NV stepped down as director. NBB
- Arfides NV stepped down as director. NBB
- REAL ESTATE SOLUTIONS BV stepped down as director. NBB
- WILMARC INVEST NV became a director. NBB
- Arfides NV became a director. NBB
- REAL ESTATE SOLUTIONS BV became a director. NBB
- New establishment in Oudergem. KBO
In short
From € 100,500 loss in 2021 to € 1.1 million profit in 2024.
Paid € 85,765 in corporate taxes since 2021.
Best year ever: 2024, with € 1.1 million profit.
Paid out € 525,000 in dividends to the owners in total.
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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 WILMARC INVEST comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
BELGIAN LAND COMPANYThe shares are held by WILMARC INVEST (100%). It owns 100% of Parc Residences itself.
Directors
According to the 2024 annual accounts
Managing director · represented by Marc PAELEMAN
Also active at: Advies- en ingenieursbureau WILMARC, Immobiliën Oostduinkerke, SKYLINE PROJECTS, GRIMMO, DOMUS MARCUS, PARC RESIDENCES, DE WIELINGEN DEVELOPMENT, BOOMGAARDE PROJECTS +10 more
since 2019 · until 2025
Director · represented by Stefan PAELEMAN
Also active at: SHIPSHOP NIEUWPOORT, WILMARC INVEST, SKYLINE PROJECTS, GRIMMO, GANDS, PARC RESIDENCES, URBAN LIVING PROJECT MANAGEMENT, Canalis Invest +43 more
since 2019 · until 2025
Director · represented by Bart PAELEMAN
Also active at: SHIPSHOP NIEUWPOORT, WILMARC INVEST, SKYLINE PROJECTS, GRIMMO, BESSENVELD 3, BESSENVELD 2, GANDS, BESSENVELD 4 +35 more
since 2019 · until 2025
Shareholders
100%
Participations
100%
Establishments
Establishment units
Physical locations of this company
Vorstlaan 292
1160 Oudergem
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 28 companies are registered at this address.
All companies at this address →SHIPSHOP NIEUWPOORT same network
€ 26,074 gross margin · 2024
Advies- en ingenieursbureau WILMARC same network
€ 542,756 gross margin · 2024
Immobiliën Oostduinkerke same network
€ -1,108 gross margin · 2025
WILMARC INVEST same network
€ 1 million revenue · 2024
SKYLINE PROJECTS same network
€ -104,653 gross margin · 2024
+23 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
- 0888.948.778
- VAT number
- BE 0888.948.778
- Registered office
- Vorstlaan 292, 1160 Oudergem
- Names & denominations
- BELGIAN LAND COMPANY · BELANCO
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 23 April 2007
- Peppol
- Active · Active since 27 Mar 2026