Belrom
ActiveSummary
Belrom has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€56,880) and a net result of -€2,235. Equity is growing by ~15.1% per year across the filed fiscal years. Its solvency ranks better than 12% of 1317 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability30▼-58
Solvency0=
Growth78=
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 0.5 against 0.58 in 2024; short-term debt: 149.6% and cash: 66.1% of total assets), and equity is negative.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
-50.8%
Return on assets
-2%
Age of the figures
9 mo
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 · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 55
Relative position
BE, all sectors
reference
Accommodation (NACE 55)
about 6% 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 -€56,880
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 02-07-2026, 29 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
29 d early
2024
14 d late
2023
32 d early
2022
26 d late
2021
30 d late
2020
1 d early
2019
25 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 5 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 45% of the sector filed late.
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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
-€56,880▼ 4.1%
2024 · -€54,645
Total assets
€111,960▼ 0.1%
2024 · €112,063
Net result
-€2,235
2024 · €17,093
Working capital
-€84,391▼ 21.2%
2024 · -€69,618
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 55, Accommodation, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€2,491-€1,701€34,764€20,072▼ 42.3%€523▼ 97.4%
Net result€338within the sector's middle half-€4,146within the sector's middle half€31,763above the sector's middle half€17,093within the sector's middle half▼ 46.2%-€2,235within the sector's middle half
Equity-€99,354below the sector's middle half▲ 38.6%-€103,500below the sector's middle half▼ 4.2%-€71,737below the sector's middle half▲ 30.7%-€54,645below the sector's middle half▲ 23.8%-€56,880below the sector's middle half▼ 4.1%
Total assets€58,303below the sector's middle half▼ 30.3%€56,012below the sector's middle half▼ 3.9%€87,094below the sector's middle half▲ 55.5%€112,063below the sector's middle half▲ 28.7%€111,960within the sector's middle half▼ 0.1%
Debt€157,656▼ 35.8%€159,511▲ 1.2%€158,831▼ 0.4%€166,708▲ 5.0%€168,840▲ 1.3%
Working capital-€109,228▲ 38.4%-€117,147▼ 7.2%-€81,455▲ 30.5%-€69,618▲ 14.5%-€84,391▼ 21.2%
Solvency-170.4%below the sector's middle half▲ 23.3pp-184.8%below the sector's middle half▼ 14.4pp-82.4%below the sector's middle half▲ 102.4pp-48.8%below the sector's middle half▲ 33.6pp-50.8%below the sector's middle half▼ 2.0pp
Staff (FTE)1.3=1▼ 23.1%1=1=1.5▲ 50.0%
above
within
below
the middle half (P25 to P75) of NACE 55, Accommodation, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 97% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €111,960
Fixed assets
€28,806 ▲ 78.6%
Current assets
€83,154 ▼ 13.3%
Key figures and ratios
EBITDA
€4,595▼
2024 · €22,816
Cash flow
€1,837▼
2024 · €19,837
Current ratio
0.50▼
2024 · 0.58
Debt to equity
-2.97▲
2024 · -3.05
ROA
-2.0%▼
2024 · 15.3%
Interest coverage
1.67▼
2024 · 7.52
Debt ≤ 1 year
€167,545▲
2024 · €165,555
Staff costs
€66,171▲
2024 · €45,800
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,338 companies that looked in July 2024 the way this one looks now, 2.5% went bankrupt within 24 months and 90% are still going.
- Micro
- 10 to 20 years old
- negative equity
- a small loss
2.5%
went bankrupt
5.6%
stopped otherwise
90%
still going
A further 1.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.8% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 2,338 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €24,783 | €42,218 | €46,348 | €45,800 | €66,171 | ▲ 44.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,464 | €4,194 | €4,942 | €2,744 | €4,072 | ▲ 48.4% |
| Other operating charges640/8 | €1,233 | €1,994 | €1,404 | €1,619 | €5,780 | ▲ 257% |
| Gross operating margin9900 | €33,972 | €46,704 | €87,458 | €70,234 | €76,546 | ▲ 9.0% |
| Operating profit (loss)9901 | €2,491 | -€1,701 | €34,764 | €20,072 | €523 | ▼ 97.4% |
| Financial income75/76B | €0 | €0 | €0 | €55 | €1 | ▼ 97.5% |
| Recurring financial income75 | €0 | €0 | €0 | €55 | €1 | ▼ 97.5% |
| Financial charges65/66B | €2,153 | €2,445 | €3,001 | €3,034 | €2,760 | ▼ 9.0% |
| Recurring financial charges65 | €2,153 | €2,445 | €3,001 | €3,034 | €2,760 | ▼ 9.0% |
| Profit (loss) for the period before taxes9903 | €338 | -€4,146 | €31,763 | €17,093 | -€2,235 | ▼ 113% |
| Profit (loss) for the period9904 | €338 | -€4,146 | €31,763 | €17,093 | -€2,235 | ▼ 113% |
| Profit (loss) for the period to be appropriated9905 | €338 | -€4,146 | €31,763 | €17,093 | -€2,235 | ▼ 113% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €58,303 | €56,012 | €87,094 | €112,063 | €111,960 | ▼ 0.1% |
| Fixed assets21/28 | €11,298 | €15,434 | €10,492 | €16,126 | €28,806 | ▲ 78.6% |
| Tangible fixed assets22/27 | €11,298 | €15,434 | €10,492 | €16,126 | €28,806 | ▲ 78.6% |
| Plant, machinery and equipment23 | €2,310 | €1,408 | €505 | €5,315 | €4,111 | ▼ 22.6% |
| Furniture and vehicles24 | €4,959 | €2,479 | - | €756 | €393 | ▼ 48.0% |
| Other tangible fixed assets26 | €4,029 | €11,547 | €9,987 | €10,055 | €24,302 | ▲ 142% |
| Current assets29/58 | €47,005 | €40,577 | €76,602 | €95,937 | €83,154 | ▼ 13.3% |
| Amounts receivable within one year40/41 | €3,584 | €6,145 | €14,579 | €14,496 | €7,334 | ▼ 49.4% |
| Trade receivables40 | €2,965 | €1,180 | €1,340 | €1,246 | €900 | ▼ 27.8% |
| Other amounts receivable41 | €619 | €4,965 | €13,239 | €13,250 | €6,434 | ▼ 51.4% |
| Cash at bank and in hand54/58 | €42,164 | €33,424 | €60,751 | €79,026 | €74,008 | ▼ 6.4% |
| Deferred charges and accrued income490/1 | €1,257 | €1,008 | €1,272 | €2,414 | €1,813 | ▼ 24.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €58,303 | €56,012 | €87,094 | €112,063 | €111,960 | ▼ 0.1% |
| Equity10/15 | -€99,354 | -€103,500 | -€71,737 | -€54,645 | -€56,880 | ▼ 4.1% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Profit (loss) carried forward14 | -€117,954 | -€122,100 | -€90,337 | -€73,245 | -€75,480 | ▼ 3.1% |
| Amounts payable17/49 | €157,656 | €159,511 | €158,831 | €166,708 | €168,840 | ▲ 1.3% |
| Amounts payable within one year42/48 | €156,233 | €157,724 | €158,057 | €165,555 | €167,545 | ▲ 1.2% |
| Trade debts44 | €149,303 | €152,595 | €153,507 | €160,487 | €162,547 | ▲ 1.3% |
| Suppliers440/4 | €149,303 | €152,595 | €153,507 | €160,487 | €162,547 | ▲ 1.3% |
| Taxes, remuneration and social security45 | €6,930 | €5,129 | €4,550 | €5,068 | €4,999 | ▼ 1.4% |
| Taxes450/3 | - | - | €24 | - | - | - |
| Remuneration and social security454/9 | €6,930 | €5,129 | €4,527 | €5,068 | €4,999 | ▼ 1.4% |
| Accrued charges and deferred income492/3 | €1,423 | €1,787 | €774 | €1,153 | €1,295 | ▲ 12.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €338 | -€4,146 | €31,763 | €17,093 | -€2,235 | ▼ 113% |
| + Depreciation and write-downs630 | €5,464 | €4,194 | €4,942 | €2,744 | €4,072 | ▲ 48.4% |
| Operating cash flow (approximation) | €5,802 | €48 | €36,705 | €19,837 | €1,837 | ▼ 90.7% |
| Investment in fixed assets (approximation) | - | -€8,330 | €0 | -€8,378 | -€16,752 | ▼ 99.9% |
| Change in cash | - | -€8,740 | €27,326 | €18,276 | -€5,019 | ▼ 127% |
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
02-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
14-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 14 days late
2024
29-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €31,763
Net result €31,763 after one loss-making year.
26-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 26 days late
2022
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
31-12
Financial
Back to profitnet €338
Net result €338 after one loss-making year.
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet -€43,085
Net result drops to -€43,085, the lowest in the series; recovery starts the following year.
25-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 25 days late
2019
31-12
Financial
Back to profitnet €45,438
Net result €45,438 after one loss-making year.
29-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
13-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 acts for this company are 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, Sint-Truiden · 1 establishment unit since 2012
Ground area
1,470 m²
Building footprint
637 m²
Volume, LiDAR
4,162 m³
Parcel 71009A0203/00T003, Flanders · tallest building 10.0 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Luikersteenweg 232, 3800 Sint-Truiden
since 20122.213.819.815
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71009A0203/00T003 | Flanders | 1,470 m² | 1 · 637 m² | 10.0 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector and region
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HOTEL STAYEN
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 2,393 companies in sector 55100 we hold annual accounts for 1,515. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded25-04-2012
Fiscal year end31-12
Activities, NACEBEL 2025
55100Hotels and similar accommodation
56301Cafés and bars
96230Day spas, saunas and steam baths
E-invoicing
Reachable via Peppol
Peppol ID
0208:0845531380
Registered
27-02-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.