LANDER
ActiveSummary
LANDER has been active since 1977 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-82k) and a net result of €-15k. Equity is shrinking by ~24% per year across the filed fiscal years. Its solvency ranks better than 11% of 18400 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability3=
Solvency0=
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.51 against 0.56 in 2024; short-term debt: 165.6% and cash: 3.5% of total assets), and equity is negative.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
-65.6%
Return on assets
-12.3%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Retail trade (NACE 47)
about 45% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €-82k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
28 d late
2024
56 d late
2023
33 d late
2022
31 d late
2021
24 d late
2020
23 d early
2019
116 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-15k▲ 10.2%
2024 · €-17k
2018: €14k
2019: €78k▲ +472% vs 2018highest in 8 years
2020: €-37k▼ -148% vs 2019lowest in 8 years
2021: €451▲ +101% vs 2020
2022: €-15k▼ -3382% vs 2021
2023: €-6k▲ +58.9% vs 2022
2024: €-17k▼ -181% vs 2023
2025: €-15k▲ +10.2% vs 2024
2018 → 2025
Working capital
€-101k▼ 12.5%
2024 · €-90k
2018: €-124klowest in 8 years
2019: €2k▲ +101% vs 2018highest in 8 years
2020: €-32k▼ -2033% vs 2019
2021: €-32k▲ +1.1% vs 2020
2022: €-71k▼ -124% vs 2021
2023: €-77k▼ -8.1% vs 2022
2024: €-90k▼ -17.3% vs 2023
2025: €-101k▼ -12.5% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€-28k-€-43k▼ 52.3%€-49k▼ 14.1%€-66k▼ 34.8%€-82k▼ 23.1%
2021: €-28khighest in 5 years
2022: €-43k▼ -52.3% vs 2021
2023: €-49k▼ -14.1% vs 2022
2024: €-66k▼ -34.8% vs 2023
2025: €-82k▼ -23.1% vs 2024lowest in 5 years
Operating result€2k-€-12k€-5k▲ 62.1%€-16k▼ 240%€-14k▲ 12.2%
2021: €2khighest in 5 years
2022: €-12k▼ -640% vs 2021
2023: €-5k▲ +62.1% vs 2022
2024: €-16k▼ -240% vs 2023lowest in 5 years
2025: €-14k▲ +12.2% vs 2024
Net result€451-€-15k€-6k▲ 58.9%€-17k▼ 181%€-15k▲ 10.2%
2021: €451highest in 5 years
2022: €-15k▼ -3382% vs 2021
2023: €-6k▲ +58.9% vs 2022
2024: €-17k▼ -181% vs 2023lowest in 5 years
2025: €-15k▲ +10.2% vs 2024
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €14k in 2025 against €16k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €124k
Fixed assets
€19k ▼ 17.5%
Current assets
€105k ▼ 6.5%
Key figures and ratios
EBITDA
€-10k▲
2024 · €-12k
Cash flow
€-11k▲
2024 · €-13k
Solvency
-65.6%▼
2024 · -48.8%
Current ratio
0.51▼
2024 · 0.56
Quick ratio
0.04▼
2024 · 0.05
Debt to equity
-2.53▲
2024 · -3.05
ROA
-12.3%▲
2024 · -12.6%
Interest coverage
-6.58▲
2024 · -9.24
Debt
€206k▲
2024 · €202k
Debt ≤ 1 year
€206k▲
2024 · €202k
Staff costs
€25k▲
2024 · €22k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 44 lines
Balance sheet
Code20242025
Assets
Total assets20/58€136k€124k▼
Fixed assets21/28€23k€19k▼
Tangible fixed assets22/27€22k€18k▼
Plant, machinery and equipment23€4k€2k▼
Other tangible fixed assets26€18k€16k▼
Financial fixed assets28€1k€1k=
Current assets29/58€112k€105k▼
Stocks and contracts in progress3€103k€98k▼
Stocks30/36€103k€98k▼
Amounts receivable within one year40/41€3k€3k▼
Trade receivables40€3k€3k▼
Other amounts receivable41-€5
Cash at bank and in hand54/58€5k€4k▼
Deferred charges and accrued income490/1€1k€100▼
Equity and liabilities
Total equity and liabilities10/49€136k€124k▼
Equity10/15€-66k€-82k▼
Contributions10/11€43k€43k=
Reserves13€1k€1k=
Non-distributable reserves130/1€1k€1k=
Reserves not available under the articles1311€1k€1k=
Profit (loss) carried forward14€-111k€-126k▼
Amounts payable17/49€202k€206k▲
Amounts payable within one year42/48€202k€206k▲
Trade debts44€31k€22k▼
Suppliers440/4€31k€22k▼
Advances received on contracts in progress46€4k€1k▼
Taxes, remuneration and social security45€10k€14k▲
Taxes450/3€7k€9k▲
Remuneration and social security454/9€4k€5k▲
Other amounts payable47/48€157k€169k▲
Income statement
Code20242025
Remuneration, social security and pensions62€22k€25k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€4k▲
Other operating charges640/8€2k€2k▲
Gross operating margin9900€12k€17k▲
Operating profit (loss)9901€-16k€-14k▲
Financial income75/76B€62€92▲
Recurring financial income75€62€92▲
Financial charges65/66B€1k€1k▲
Recurring financial charges65€1k€1k▲
Profit (loss) for the period before taxes9903€-17k€-15k▲
Profit (loss) for the period9904€-17k€-15k▲
Profit (loss) for the period to be appropriated9905€-17k€-15k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-111k€-126k▼
Profit (loss) brought forward from the previous period14P€-94k€-111k▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €20k | €20k | €23k | €22k | €25k | ▲ 11.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1k | €2k | €4k | €4k | €4k | ▲ 2.4% |
| Other operating charges640/8 | €2k | €2k | €1k | €2k | €2k | ▲ 28.1% |
| Gross operating margin9900 | €25k | €12k | €23k | €12k | €17k | ▲ 42.1% |
| Operating profit (loss)9901 | €2k | €-12k | €-5k | €-16k | €-14k | ▲ 12.2% |
| Financial income75/76B | €65 | €88 | €69 | €62 | €92 | ▲ 48.0% |
| Recurring financial income75 | €65 | €88 | €69 | €62 | €92 | ▲ 48.0% |
| Financial charges65/66B | €2k | €2k | €1k | €1k | €1k | ▲ 16.3% |
| Recurring financial charges65 | €2k | €2k | €1k | €1k | €1k | ▲ 16.3% |
| Profit (loss) for the period before taxes9903 | €568 | €-15k | €-6k | €-17k | €-15k | ▲ 10.2% |
| Income taxes67/77 | €117 | €90 | - | - | - | - |
| Profit (loss) for the period9904 | €451 | €-15k | €-6k | €-17k | €-15k | ▲ 10.2% |
| Profit (loss) for the period to be appropriated9905 | €451 | €-15k | €-6k | €-17k | €-15k | ▲ 10.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €199k | €199k | €158k | €136k | €124k | ▼ 8.4% |
| Fixed assets21/28 | €4k | €28k | €28k | €23k | €19k | ▼ 17.5% |
| Tangible fixed assets22/27 | €3k | €27k | €27k | €22k | €18k | ▼ 18.3% |
| Plant, machinery and equipment23 | €2k | €3k | €6k | €4k | €2k | ▼ 42.8% |
| Furniture and vehicles24 | €736 | €223 | - | - | - | - |
| Other tangible fixed assets26 | - | €23k | €21k | €18k | €16k | ▼ 12.9% |
| Financial fixed assets28 | €1k | €1k | €1k | €1k | €1k | = |
| Current assets29/58 | €195k | €172k | €131k | €112k | €105k | ▼ 6.5% |
| Stocks and contracts in progress3 | €172k | €156k | €119k | €103k | €98k | ▼ 5.5% |
| Stocks30/36 | €172k | €156k | €119k | €103k | €98k | ▼ 5.5% |
| Amounts receivable within one year40/41 | €12k | €5k | €7k | €3k | €3k | ▼ 11.5% |
| Trade receivables40 | €12k | €5k | €7k | €3k | €3k | ▼ 11.6% |
| Other amounts receivable41 | - | - | €221 | - | €5 | - |
| Cash at bank and in hand54/58 | €8k | €8k | €3k | €5k | €4k | ▼ 5.1% |
| Deferred charges and accrued income490/1 | €3k | €2k | €1k | €1k | €100 | ▼ 91.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €199k | €199k | €158k | €136k | €124k | ▼ 8.4% |
| Equity10/15 | €-28k | €-43k | €-49k | €-66k | €-82k | ▼ 23.1% |
| Contributions10/11 | €43k | €43k | €43k | €43k | €43k | = |
| Reserves13 | €1k | €1k | €1k | €1k | €1k | = |
| Non-distributable reserves130/1 | €1k | €1k | €1k | €1k | €1k | = |
| Reserves not available under the articles1311 | €1k | €1k | €1k | €1k | €1k | = |
| Profit (loss) carried forward14 | €-73k | €-88k | €-94k | €-111k | €-126k | ▼ 13.8% |
| Amounts payable17/49 | €228k | €243k | €207k | €202k | €206k | ▲ 1.9% |
| Amounts payable within one year42/48 | €227k | €243k | €207k | €202k | €206k | ▲ 1.9% |
| Trade debts44 | €56k | €57k | €26k | €31k | €22k | ▼ 26.9% |
| Suppliers440/4 | €56k | €57k | €26k | €31k | €22k | ▼ 26.9% |
| Advances received on contracts in progress46 | €18k | €13k | €10k | €4k | €1k | ▼ 69.1% |
| Taxes, remuneration and social security45 | €9k | €8k | €11k | €10k | €14k | ▲ 32.8% |
| Taxes450/3 | €5k | €4k | €6k | €7k | €9k | ▲ 32.4% |
| Remuneration and social security454/9 | €4k | €4k | €5k | €4k | €5k | ▲ 33.5% |
| Other amounts payable47/48 | €143k | €165k | €160k | €157k | €169k | ▲ 7.2% |
| Accrued charges and deferred income492/3 | €879 | €58 | €133 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €451 | €-15k | €-6k | €-17k | €-15k | ▲ 10.2% |
| + Depreciation and write-downs630 | €1k | €2k | €4k | €4k | €4k | ▲ 2.4% |
| Operating cash flow (approximation) | €1k | €-13k | €-2k | €-13k | €-11k | ▲ 14.1% |
| Investment in fixed assets (approximation) | - | €-25k | €-3k | €0 | €0 | - |
| Change in cash | - | €187 | €-5k | €1k | €-237 | ▼ 116% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
28-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 28 days late
2025
25-09
NBB filing
Annual accounts filed
fiscal year 2024 · unclassified schema · 56 days late
2024
02-09
NBB filing
Annual accounts filed
fiscal year 2023 · unclassified schema · 33 days late
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · unclassified schema · 31 days late
2022
24-08
NBB filing
Annual accounts filed
fiscal year 2021 · unclassified schema · 24 days late
2021
31-12
Financial
Back to profitnet €451
Net result €451 after one loss-making year.
08-07
NBB filing
Annual accounts filed
fiscal year 2020 · unclassified schema
2020
31-12
Financial
Weakest financial yearnet €-37k
Net result drops to €-37k, the lowest in the series; recovery starts the following year.
24-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 116 days late
2019
31-12
Financial
Highest result since 2018net €78k ▲472%
Operating result €96k, net result €78k, both a record.
27-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 27 days late
2018
26-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
28-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Eupen · 1 establishment unit since 1977
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Handelsstrasse 64700 Eupen1 establishment unit
LANDER
since 19772.016.424.914
Recognitions · licences · registrations
Food safety, FASFC
1 siteEupen2.016.424.914
Similar companies · same sector, comparable size
FREIJI CARS
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MS MOTORS WORKS
BE 0770.533.356
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RGM MOTOS
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Of 1,127 companies in sector 47830 we hold annual accounts for 467. 161 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded13-09-1977
Fiscal year end31-12
Activities, NACEBEL 2025
46492Wholesale trade
47830Retail sale of motorcycles and motorcycle parts and accessories
47811Retail sale of cars and light vans (up to 3.5 tonnes)
46370Wholesale trade
46471Wholesale trade
46473Wholesale trade
47279Other retail sale of food
47551Retail sale of household furniture
Scores and ratios are computed by Checked and are not a credit decision.