Checked.be
Active
BE 0456.863.367Private limited company
DE VADDER - ASSELMAN
Collaert Mansionstraat 3 ·8000 Brugge, Belgium· 30 yrs active
Sector: Hotels and similar accommodation
(55100)
Conclusion
DE VADDER - ASSELMAN has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €457k and a net result of €19k. Equity is growing by ~10.1% per year across the filed fiscal years. Its solvency ranks better than 72% of 1850 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Based on the State Gazette, CBE and 4 annual accounts.
Key figures
| Equity | €457k |
| Net result | €19k |
| Staff (FTE) | 2 |
| Better than sector | 72% |
Financial profile
62
/ 100
Strong profile, led by stability.
All 5 axes are computed from data Checked has read.
Health
49
Profitability
21
Solvency
63
Growth
78
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Long-established
Founded in 1996, 30 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
49
/ 100
Fair
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€22k
estimate, not credit advice
Score history
68
2021
100
2022
93
2023
49
2024
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 0.59 (< 1.0)
-10
Quick ratio
Quick ratio 0.59 (< 0.6)
-5
Leverage
Debt/equity 1.05 (< 2.0)
+3
Profitability
ROE 4%
+3
Interest coverage
Interest coverage 6.8× (≥ 3×)
+8
Profit trend
Net profit down YoY
-3
Equity growth
Equity growing YoY
+3
Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.
Financial overview
Annual accounts filed on 15-07-2025 with the NBB · fiscal year 2024 · micro schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
volatile
Too volatile to project: the yearly deviation from the trend is ~58% of the level (threshold 35%). We therefore deliberately show no projection line.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Sector comparison
Fiscal year 2024 · NACE 55, Accommodation · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 48.8% | 20.2% | |
| Net result | €19k | €2k | |
| Equity | €457k | €55k | |
| Gross operating margin | €159k | €46k | |
| Staff costs | €35k | €34k |
€105k
-13.6%
21-24
€19k
-57.7%
21-24
€85k
-14.3%
21-24
€937k
+65.3%
21-24
€457k
+4.4%
21-24
€-31k
-
21-24
2
0.0%
21-24
€35k
-1.6%
21-24
€5k
-77.5%
21-24
€479k
+273.5%
21-24
€75k
+38.6%
21-24
€400k
+452.0%
21-24
0.59
-79.3%
21-24
0.59
-79.3%
21-24
48.8%
-36.9%
21-24
1.05
+257.9%
21-24
4.2%
-59.5%
21-24
2.0%
-74.4%
21-24
6.82
-74.3%
21-24
Figures by fiscal year and ratios
| Fiscal year | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema |
| Revenue | - | - | - | - |
| EBITDA | €105k | €122k | €112k | €35k |
| Net profit | €19k | €45k | €53k | €-15k |
| Cash flow | €85k | €99k | €103k | €34k |
| Staff costs | €35k | €36k | €24k | €13k |
| Income taxes | €5k | €24k | €5k | €3k |
| Dividends | - | - | - | - |
| Total assets | €937k | €567k | €488k | €481k |
| Equity | €457k | €438k | €393k | €340k |
| Debt | €479k | €128k | €95k | €141k |
| of which ≤ 1y | €75k | €54k | €46k | €74k |
| of which > 1y | €400k | €72k | €46k | €60k |
| Working capital | €-31k | €99k | €49k | €7k |
| Employees (FTE) | 2.0 | 2.0 | 2.1 | 2.0 |
Ratios (computed)
| 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|
| Current ratio | 0.59 | 2.83 | 2.06 | 1.10 |
| Quick ratio | 0.59 | 2.83 | 2.06 | 1.10 |
| Working capital ratio | -3.3% | 17.4% | 10.1% | 1.5% |
| Solvency | 48.8% | 77.3% | 80.5% | 70.7% |
| Debt / equity | 1.05 | 0.29 | 0.24 | 0.41 |
| Long-term debt ratio | 0.87 | 0.17 | 0.12 | 0.18 |
| Interest coverage | 6.82 | 26.52 | 25.58 | 9.07 |
| Gross margin | - | - | - | - |
| Net margin | - | - | - | - |
| ROA | 2.0% | 8.0% | 10.8% | -3.0% |
| ROE | 4.2% | 10.3% | 13.4% | -4.3% |
| EBITDA margin | - | - | - | - |
| Days sales outstanding | - | - | - | - |
| Days payable outstanding | - | - | - | - |
| Inventory turnover | - | - | - | - |
| Days inventory (DSI) | - | - | - | - |
Balance-sheet composition 2024
Full annual accounts (25 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Balance sheet, Assets | |||||
| TOTAL ASSETS | 20/58 | €937k | €567k | €488k | €481k |
| Fixed assets | 21/28 | €893k | €414k | €393k | €400k |
| Intangible fixed assets | 21 | €289 | €2k | €4k | €759 |
| Tangible fixed assets | 22/27 | €891k | €410k | €388k | €398k |
| Financial fixed assets | 28 | €1k | €1k | €1k | €1k |
| Current assets | 29/58 | €44k | €153k | €96k | €81k |
| Amounts receivable within one year | 40/41 | €3k | €42k | €23k | €3k |
| Cash & bank | 54/58 | €41k | €110k | €71k | €78k |
| Balance sheet, Equity & liabilities | |||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €937k | €567k | €488k | €481k |
| Equity | 10/15 | €457k | €438k | €393k | €340k |
| Contributions / capital | 10/11 | €40k | €40k | €40k | €40k |
| Reserves | 13 | €417k | €398k | €353k | €335k |
| Accumulated profits (losses) | 14 | - | - | - | €-35k |
| Amounts payable | 17/49 | €479k | €128k | €95k | €141k |
| Amounts payable after one year | 17 | €400k | €72k | €46k | €60k |
| Amounts payable within one year | 42/48 | €75k | €54k | €46k | €74k |
| Trade debts payable within one year | 44 | €6k | €8k | €6k | €3k |
| Income statement | |||||
| Gross operating margin | 9900 | €159k | €171k | €143k | €60k |
| Operating result | 9901 | €40k | €68k | €62k | €-13k |
| Financial income | 75 | €163 | €2k | €646 | €5k |
| Financial charges | 65 | €15k | €5k | €4k | €4k |
| Result before taxes | 9903 | €25k | €70k | €58k | €-12k |
| Income taxes | 67/77 | €5k | €24k | €5k | €3k |
| Net result for the period | 9904 | €19k | €45k | €53k | €-15k |
| Result to be appropriated | 9905 | €19k | €45k | €53k | €-15k |
Legal Structure
| NACE primary | Hotels and similar accommodation(55100) |
| Legal form | Private limited company(610) |
| Incorporation | 19-01-1996 |
| Status | Active |
| Postal code | 8000 |
Establishment units
HOTEL FEVERY
since 19962.074.886.022
Real-estate footprint
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31805E0445/00N000 | Flanders | 134 m² | 1 · 118 m² | 14.5 m · 4 fl. |
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.
Updates
2025
15-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
16-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
12-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €53k
Net result €53k after one loss-making year.
12-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
29-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
01-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
19-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
10-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
27-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
08-07
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.
Belgian State Gazette reading coverage
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.
Credit advice
Company registry (CBE)
Activities
Hotels and similar accommodation5510055102
Names & trade names
| Legal nameNL | DE VADDER - ASSELMAN |
| AbbreviationNL | DEVAS |
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