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PDF 2 Land

Active
Public limited companyfounded 2020active for 6 yearsVredestraat 53, 8790 Waregem, Belgium141 active companies are registered at this addressKBO/BCE: BE 0742.859.058

From the official registers: KBO 5 annual accounts at the National Bank publications in the Belgian Official Gazette

Summary

The annual accounts of PDF 2 Land for financial year 2025 show a net loss of 78% of the equity at the start of that year. The 2025 annual accounts show equity of €468,789 and a net result of -€54,447. Equity is growing by about 14% per year across the filed financial years. The company has been active since 2020 and the Belgian Official Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.4% (very low).

Overview

Official details

KBO
Status
Active since 03-02-2020 Normal situation
Legal form
Public limited company
Registered office
Vredestraat 53, 8790 Waregem
Activity
“De vennootschap heeft tot voorwerp,in de meest ruime zin,vastgoedprojecten realiseren.” (deed in Dutch)From the articles, 9 activitiesNo NACE code in the KBO yet
Establishment unit
2.301.721.413 8790 Waregem, since 03-02-2020
Financial year end
30 June
Peppol
Reachable

Who decides

Board
Auditor
BDO Bedrijfsrevisoren bv
Holdings
Shares in 1 company D83

How it is doing

55 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
0.4%
Annual accounts to 30-06-2025
Gross margin
-€26,148
▼ 150%
Loss
€54,447
▲ 18×
Equity
€468,789
▲ 574%
Total assets
€41.7m
▲ 62.2%
Turnover not published (abbreviated format)Equity +574%: merger2025 accounts 46 days early
Filed on 16-12-2025PDF
Why 55raises riskCapped at 59: a net loss of at least half of total assets or of the equity at the start of the financial yearLiquidity: current ratio 4.07, cash €10,235, halvedFounded in 2020lowers riskSize: total assets €41.7mNo main activity registeredShow the evidence

Checked score

Score 2025
55 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 42% of its sector peers (no NACE code, medium-sized)
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59. Every signal that counts is listed under Signals.
Financial strength · tick = 2024
Weak
Solvency 26+1
equity 1.1% of total assets
Liquidity 41=
short-term debt 24.6% · cash 0.0%
Profitability 37=
return on assets -0.1%
Bankruptcy probability, 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%

About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 11-2024: 0.2%lowest value 12-2024: 0.3%▲ +0.1 percentage points vs 11-2024 01-2025: 0.5%▲ +0.2 percentage points vs 12-2024 02-2025: 0.4%▼ -0.1 percentage points vs 01-2025 03-2025: 0.4%● unchanged vs 02-2025 04-2025: 0.5%▲ +0.1 percentage points vs 03-2025 05-2025: 0.4%▼ -0.1 percentage points vs 04-2025 06-2025: 0.4%● unchanged vs 05-2025 07-2025: 0.4%● unchanged vs 06-2025 08-2025: 0.4%● unchanged vs 07-2025 09-2025: 0.4%● unchanged vs 08-2025 10-2025: 0.4%● unchanged vs 09-2025 11-2025: 0.4%● unchanged vs 10-2025 12-2025: 0.4%● unchanged vs 11-2025 01-2026: 0.5%▲ +0.1 percentage points vs 12-2025 02-2026: 0.5%● unchanged vs 01-2026 03-2026: 0.5%● unchanged vs 02-2026 04-2026: 0.5%● unchanged vs 03-2026highest value 05-2026: 0.4%▼ -0.1 percentage points vs 04-2026 06-2026: 0.4%● unchanged vs 05-2026 07-2026: 0.4%● unchanged vs 06-2026 08-2026: 0.4%● unchanged vs 07-2026 09-2026: 0.4%● unchanged vs 08-2026 10-2026: 0.4%● unchanged vs 09-2026
Credit of up to €25,000 on 30-day terms, only on tighter conditions
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity ample (current ratio 4.07, compared with 4.08 in 2024, above the usual 1.5; short-term debt: 24.6% and cash: 0% of total assets), but 98.9% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (no NACE code, medium-sized): better than 10% on solvency, 23% on liquidity, 38% on profitability and 99% on growth.

The bankruptcy probability was computed on 31-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Five signals.
lowers riskraises riskneutral
lowers risk · Size: total assets €41.7m
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
raises risk · Liquidity: current ratio 4.07, cash €10,235, halved
NBB · annual accounts
raises risk · Founded in 2020
Companies of this age fail more often than older ones; how much that weighs depends on the rest of its profile.
KBO
lowers risk · No main activity registered
KBO
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 16-12-2025, 46 days ahead of the deadline.
NBB · 5 filings
Deviation from the deadline
2025
46 days early
2024
43 days early
2023
5 days early
2022
41 days early
2021
40 days early
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 5 accounts on average 35 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.

Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 21 December (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
30-06-2026 year end01-11-2026 today31-01-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage

Key points

  • Risk: 3 loss-making years in a rowloss financial year 2025 -€54,447 View
  • Caution: Result fell in 2025from -€2,951 to -€54,447 ▼ 1,745% View
  • New directorslatest change 08-12-2025 · 4 in office 3 joined View
  • Merger with De Tolhuizen Galgenbergmerger on 09-10-2024 2024 View
  • Positive: Always filed on timeaccounts within the deadline every year 5 years View

Documents

Annual accounts at the NBB

All 5 annual accounts

Articles and registers

Key facts about PDF 2 Land

What is the company number of PDF 2 Land?
0742.859.058. In Belgium the VAT number is the company number with BE in front: BE 0742.859.058.
Where is PDF 2 Land based?
The registered office is at Vredestraat 53, 8790 Waregem.Company details
What is the legal form of PDF 2 Land?
Public limited company (NV).
When was PDF 2 Land founded?
On 03-02-2020.
Is PDF 2 Land still active?
Yes, PDF 2 Land is an active enterprise in the KBO register.
What is the turnover of PDF 2 Land?
The annual accounts for financial year 2025 state no turnover: the abbreviated format does not require it.Financials
Is PDF 2 Land profitable?
In financial year 2025, PDF 2 Land made a loss of €54,447.
Where can I find the annual accounts of PDF 2 Land?
PDF 2 Land filed 5 annual accounts with the National Bank of Belgium, the latest for financial year 2025.Annual accounts 2025 (PDF)
When are the next annual accounts of PDF 2 Land due?
By 31-01-2027, for financial year 2026.Timeline

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