BUMAHAY
ActiveThe file of BUMAHAY contains 2 historical bankruptcy publications, as published in the Belgian State Gazette.
Summary
The computed 12-month bankruptcy probability is 0.7% (low). The 2025 annual accounts show negative equity (-€59,171) and a net result of €8,859. Equity is growing by ~5.1% per year across the filed fiscal years. Its solvency ranks better than 5% of 400 sector peers (fiscal year 2025).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency0=
Growth78=
Track record85
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.05 against 0.05 in 2024; cash: 17% of total assets), and equity is negative.
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Signals
Six 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
Return on assets
173.7%
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 · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 400 sector peers (2025).
NBB · sector comparisonPosition among 400 sector peers
Solvency
better than 5%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-08-2026, 29 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
29 d late
2024
31 d late
2023
29 d late
2022
30 d late
2021
32 d late
2020
61 d late
2019
31 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 35 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. Usually files around 30 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€8,859▲ 2.7%
2024 · €8,624
Working capital
-€60,931▲ 14.4%
2024 · -€71,203
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: 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. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€377▲ 81.1%€6,495€4,613▼ 29.0%€9,705▲ 110%€9,514▼ 2.0%
Net result-€546within the sector's middle half▲ 77.4%€6,315within the sector's middle half€4,490within the sector's middle half▼ 28.9%€8,624within the sector's middle half▲ 92.1%€8,859within the sector's middle half▲ 2.7%
Equity-€87,458below the sector's middle half▼ 0.6%-€81,144below the sector's middle half▲ 7.2%-€76,654below the sector's middle half▲ 5.5%-€68,030below the sector's middle half▲ 11.3%-€59,171below the sector's middle half▲ 13.0%
Total assets€6,733below the sector's middle half▼ 12.0%€8,659below the sector's middle half▲ 28.6%€7,939below the sector's middle half▼ 8.3%€6,863below the sector's middle half▼ 13.6%€5,101below the sector's middle half▼ 25.7%
Debt€94,191▼ 0.4%€89,803▼ 4.7%€84,593▼ 5.8%€74,893▼ 11.5%€64,272▼ 14.2%
Working capital-€93,250within the sector's middle half▼ 6.3%-€86,860within the sector's middle half▲ 6.9%-€81,363within the sector's middle half▲ 6.3%-€71,203within the sector's middle half▲ 12.5%-€60,931within the sector's middle half▲ 14.4%
Solvency-937.1%below the sector's middle half-965.5%below the sector's middle half▼ 28.4pp-991.3%below the sector's middle half▼ 25.7pp
Current ratio0.01below the sector's middle half▼ 0.060.03below the sector's middle half▲ 0.020.04below the sector's middle half▲ 0.010.05below the sector's middle half▲ 0.010.05below the sector's middle half=
Return on assets (ROA)-8.1%below the sector's middle half▲ 23.5pp72.9%above the sector's middle half▲ 81.0pp56.6%above the sector's middle half▼ 16.4pp125.7%above the sector's middle half▲ 69.1pp173.7%above the sector's middle half▲ 48.0pp
above
within
below
the middle half (P25 to P75) of NACE 55, Accommodation, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 2% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €5,101
Fixed assets
€2,197 ▼ 31.4%
Current assets
€2,904 ▼ 20.7%
Equity and liabilities
Equity-€59,171
Debt€64,272
Equity is negative: debt (€64,272) exceeds the balance-sheet total (€5,101).
Key figures and ratios
EBITDA
€10,520▼
2024 · €10,711
Cash flow
€9,865▲
2024 · €9,630
Interest coverage
16.06▲
2024 · 9.91
Debt ≤ 1 year
€63,835▼
2024 · €74,863
A ratio outside any meaningful range has been withheld (balance sheet total €5,101, equity -€59,171).
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,795 companies that looked in July 2024 the way this one looks now, 2.7% went bankrupt within 24 months and 92% are still going.
- Micro
- 20 years or older
- negative equity
- a profit of 5% of the balance sheet or more
2.7%
went bankrupt
5.3%
stopped otherwise
92%
still going
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% 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 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 3,795 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €619 | €1,006 | €1,007 | €1,006 | €1,006 | = |
| Other operating charges640/8 | €122 | €733 | €400 | €387 | - | - |
| Gross operating margin9900 | €364 | €8,234 | €6,020 | €11,098 | €10,520 | ▼ 5.2% |
| Operating profit (loss)9901 | -€377 | €6,495 | €4,613 | €9,705 | €9,514 | ▼ 2.0% |
| Financial charges65/66B | €169 | €180 | €123 | €1,081 | €655 | ▼ 39.4% |
| Recurring financial charges65 | €169 | €180 | €123 | €1,081 | €655 | ▼ 39.4% |
| Profit (loss) for the period before taxes9903 | -€546 | €6,315 | €4,490 | €8,624 | €8,859 | ▲ 2.7% |
| Profit (loss) for the period9904 | -€546 | €6,315 | €4,490 | €8,624 | €8,859 | ▲ 2.7% |
| Profit (loss) for the period to be appropriated9905 | -€546 | €6,315 | €4,490 | €8,624 | €8,859 | ▲ 2.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €6,733 | €8,659 | €7,939 | €6,863 | €5,101 | ▼ 25.7% |
| Fixed assets21/28 | €5,792 | €5,716 | €4,709 | €3,203 | €2,197 | ▼ 31.4% |
| Tangible fixed assets22/27 | €4,412 | €3,406 | €2,399 | €1,393 | €387 | ▼ 72.2% |
| Plant, machinery and equipment23 | €4,412 | €3,406 | €2,399 | €1,393 | €387 | ▼ 72.2% |
| Financial fixed assets28 | €1,380 | €2,310 | €2,310 | €1,810 | €1,810 | = |
| Current assets29/58 | €941 | €2,943 | €3,230 | €3,660 | €2,904 | ▼ 20.7% |
| Cash at bank and in hand54/58 | €191 | €193 | €687 | €689 | €867 | ▲ 25.8% |
| Deferred charges and accrued income490/1 | €750 | €2,750 | €2,543 | €2,971 | €2,037 | ▼ 31.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €6,733 | €8,659 | €7,939 | €6,863 | €5,101 | ▼ 25.7% |
| Equity10/15 | -€87,458 | -€81,144 | -€76,654 | -€68,030 | -€59,171 | ▲ 13.0% |
| Contributions10/11 | €53,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Capital10 | - | - | - | €18,600 | €18,600 | = |
| Issued capital100 | - | - | - | €18,600 | €18,600 | = |
| Profit (loss) carried forward14 | -€141,058 | -€99,744 | -€95,254 | -€86,630 | -€77,771 | ▲ 10.2% |
| Amounts payable17/49 | €94,191 | €89,803 | €84,593 | €74,893 | €64,272 | ▼ 14.2% |
| Amounts payable within one year42/48 | €94,191 | €89,803 | €84,593 | €74,863 | €63,835 | ▼ 14.7% |
| Trade debts44 | €2,173 | €2,549 | €1,489 | €815 | €840 | ▲ 3.1% |
| Suppliers440/4 | €2,173 | €2,549 | €1,489 | €815 | €840 | ▲ 3.1% |
| Taxes, remuneration and social security45 | €2,611 | €2,847 | €2,697 | €3,141 | €3,088 | ▼ 1.7% |
| Taxes450/3 | €2,611 | €2,847 | €2,697 | €3,141 | €3,088 | ▼ 1.7% |
| Other amounts payable47/48 | €89,407 | €84,407 | €80,407 | €70,907 | €59,907 | ▼ 15.5% |
| Accrued charges and deferred income492/3 | - | - | - | €30 | €437 | ▲ 1,357% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€546 | €6,315 | €4,490 | €8,624 | €8,859 | ▲ 2.7% |
| + Depreciation and write-downs630 | €619 | €1,006 | €1,007 | €1,006 | €1,006 | = |
| Operating cash flow (approximation) | €73 | €7,321 | €5,497 | €9,630 | €9,865 | ▲ 2.4% |
| Investment in fixed assets (approximation) | - | -€930 | €0 | €500 | €0 | ▼ 100% |
| Change in cash | - | €2 | €494 | €2 | €178 | ▲ 8,800% |
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
29-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 29 days late
2025
31-12
Financial
Highest result since 2018net €8,859 ▲2.7%
Net result €8,859, the highest in the series.
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 31 days late
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 29 days late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 30 days late
2022
31-12
Financial
Back to profitnet €6,315
Net result €6,315 after 2 loss-making years.
01-09
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 32 days late
11-05
Bankruptcy
Bankruptcy reversal
Ondernemingsrechtbank Antwerpen, afdeling Hasselt · event 05-05-2022
06-04
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Hasselt · event 31-03-2022
2021
30-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 61 days late
2020
31-12
Financial
Weakest financial yearnet -€2,417
Net result drops to -€2,417, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 31 days late
Show earlier events
2019
31-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 31 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
No directors read yet: 0 of 3 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Houthalen-Helchteren · 1 establishment unit since 2005
Ground area
1,251 m²
Building footprint
140 m²
Volume, LiDAR
821 m³
Parcel 72014D0806/00M000, Flanders · tallest building 8.9 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Mabuhay
since 20052.149.427.750
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72014D0806/00M000 | Flanders | 1,251 m² | 1 · 140 m² | 8.9 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.
Insolvency mandates
2 mandates| Role | Name | Tenure |
|---|---|---|
| Curator | BERT VANDENREYT Paalsesteenweg 133, 3583 05 Beringen-Paal |
31-03-2022 → 05-05-2022 |
| Curator | ANN NOE Paal- Sesteenweg 133, 3583 05 Beringen-Paal |
31-03-2022 → 05-05-2022 |
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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 3,005 companies in this sector we hold annual accounts for 694. See the whole sector
Company details
Identification
Legal formPrivate limited company (pre-2019)
Founded19-08-2005
Fiscal year end31-12
Activities, NACEBEL 2025
55203Holiday cottages, homes and apartments
56302Nightclubs
E-invoicing
Reachable via Peppol
Peppol ID
0208:0875632163
Registered
02-04-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.