DE GOLF
ActiveDE GOLF has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €217k and a net result of €-6k. Equity remains stable across the filed fiscal years (±1.3% per year). Its solvency ranks better than 83% of 1854 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
78
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability66▲+2
Solvency91▲+2
Growth32=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €16k at 30 days acceptable
Liquidity tight (current ratio 1.45 against 1.46 in 2023; short-term debt: 19.7% and cash: 24.2% of total assets), and 33.6% of the assets are financed with debt.
Credit advice 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 2024Solvency, return and age of the figures
Solvency
66.4%
Return on assets
-1.9%
Age of the figures
21 mo
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
Sector 55
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year €-6k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 02-06-2025, 59 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
59 d early
2023
65 d early
2022
136 d early
2021
73 d early
2020
31 d early
2019
105 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€217k▼ 11.5%
2023 · €245k
2018: €305k
2019: €160k
2020: €194k
2021: €252k
2022: €259k
2023: €245k
2018 → 2024
Total assets
€327k▼ 15.0%
2023 · €385k
2018: €553k
2019: €540k
2020: €499k
2021: €463k
2022: €477k
2023: €385k
2018 → 2024
Net result
€-6k▲ 53.4%
2023 · €-14k
2018: €23k
2019: €23k
2020: €34k
2021: €58k
2022: €52k
2023: €-14k
2018 → 2024
Working capital
€29k▼ 12.6%
2023 · €33k
2018: €-162k
2019: €-160k
2020: €-93k
2021: €47k
2022: €72k
2023: €33k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€194k-€252k▲ 29.6%€259k▲ 2.8%€245k▼ 5.3%€217k▼ 11.5%
Operating result€51k-€83k▲ 64.4%€81k▼ 2.1%€-6k€1k
Net result€34k-€58k▲ 68.7%€52k▼ 10.4%€-14k€-6k▲ 53.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €1k after a loss of €6k in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €327k
Fixed assets
€233k▼ 16.5%
Current assets
€94k▼ 11.3%
Equity and liabilities €327k
Equity
€217k▼ 11.5%
Debt
€110k▼ 21.4%
The debt ratio falls from 36.3% to 33.6%. Equity and debt are lower.
Key figures and ratios
EBITDA
€48k▲
2023 · €41k
Cash flow
€41k▲
2023 · €33k
Solvency
66.4%▲
2023 · 63.7%
Current ratio
1.45▼
2023 · 1.46
Quick ratio
1.40▲
2023 · 1.39
Debt / equity
0.51▼
2023 · 0.57
ROE
-2.9%▲
2023 · -5.6%
ROA
-1.9%▲
2023 · -3.5%
Interest coverage
12.94▲
2023 · 7.16
Debt
€110k▼
2023 · €140k
Debt ≤ 1 year
€65k▼
2023 · €72k
Debt > 1 year
€45k▼
2023 · €66k
Income taxes
€4k▲
2023 · €2k
Staff costs
€13k▼
2023 · €38k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€385k€327k▼
Fixed assets21/28€279k€233k▼
Tangible fixed assets22/27€279k€233k▼
Land and buildings22€133k€126k▼
Plant, machinery and equipment23€144k€104k▼
Furniture and vehicles24€3k€3k▲
Current assets29/58€106k€94k▼
Stocks and contracts in progress3€5k€4k▼
Stocks30/36€5k€4k▼
Amounts receivable within one year40/41€206€4k▲
Other amounts receivable41€206€4k▲
Cash at bank and in hand54/58€93k€79k▼
Deferred charges and accrued income490/1€7k€7k▲
Equity and liabilities
Total equity and liabilities10/49€385k€327k▼
Equity10/15€245k€217k▼
Contributions10/11€62k€62k=
Reserves13€185k€163k▼
Distributable reserves133€185k€163k▼
Profit (loss) carried forward14€-1k€-8k▼
Amounts payable17/49€140k€110k▼
Amounts payable after more than one year17€66k€45k▼
Financial debts170/4€55k€45k▼
Other amounts payable178/9€11k-
Amounts payable within one year42/48€72k€65k▼
Current portion of amounts payable after more than one year42€13k€10k▼
Trade debts44€8k€5k▼
Suppliers440/4€8k€5k▼
Taxes, remuneration and social security45€25k€11k▼
Taxes450/3€18k€5k▼
Remuneration and social security454/9€7k€5k▼
Other amounts payable47/48€26k€39k▲
Accrued charges and deferred income492/3€1k€461▼
Income statement
Code20232024
Remuneration, social security and pensions62€38k€13k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€47k€47k▲
Other operating charges640/8€10k€12k▲
Non-recurring operating charges66A-€254
Gross operating margin9900€89k€74k▼
Operating profit (loss)9901€-6k€1k▲
Financial income75/76B-€31
Recurring financial income75-€31
Financial charges65/66B€6k€4k▼
Recurring financial charges65€6k€4k▼
Profit (loss) for the period before taxes9903€-11k€-3k▲
Income taxes67/77€2k€4k▲
Profit (loss) for the period9904€-14k€-6k▲
Profit (loss) for the period to be appropriated9905€-14k€-6k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-14k€-8k▲
Profit (loss) brought forward from the previous period14P-€-1k
Transfer from equity791/2€12k€22k▲
Profit to be distributed694/7-€22k
Return on contributions (dividend)694-€22k
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
02-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
27-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-14k ▼126%
Net result drops to €-14k, the lowest in the series; recovery starts the following year.
17-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
19-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €58k ▲68.7%
Operating result €83k, net result €58k, both a record.
31-12
Financial
Liquidity doublescurrent ratio 1.45
Current ratio from 0.58 to 1.45; short-term debt falls from €224k to €106k.
31-12
Financial
Equity above €200kEq €252k ▲29.6%
4 profitable years in a row build equity to €252k.
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
17-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
10-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
04-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
03-05
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Bredene · 1 establishment unit since 2004
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.
Kapelstraat 738450 BredeneGround area
244 m²
Building footprint
238 m²
Parcel 35302C0388/00N004, Flanders. Linked by address, not a title deed.
1 establishment unit
DE GOLF
since 20042.135.381.259
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35302C0388/00N004 | Flanders | 244 m² | 1 · 238 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 2,550 EUR awarded · 2,550 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 2,550 EUR | 2,550 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
1 siteBredene2.135.381.259
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Of 2,395 companies in sector 55100 we hold annual accounts for 1,517. 1,110 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded16-01-2004
Fiscal year end31-12
Trade name NL
DE GOLF Coffee & Wine
Activities, NACEBEL
55100Hotels and similar accommodation
55102
47251Retail sale of wines and spirits
55301
56101Full-service restaurants
56111Full-service restaurants
56301Cafés and bars
Sources
Crossroads Bank for EnterprisesNational Bank · 21 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:info@hoteldegolf.be