DE WARRE
ActiveSummary
DE WARRE has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €8.5m and a net result of €186,040. Equity remains stable across the filed fiscal years (±1.2% per year). Its solvency ranks better than 92% of 708 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability71▼-1
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €650,000 at 30 days acceptable
Liquidity short (current ratio 0.77 against 1.56 in 2024; short-term debt: 15.1% and cash: 3.5% of total assets), and 15.3% of the assets are financed with debt.
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Signals
Four 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
84.7%
Return on assets
1.8%
Age of the figures
9 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
Accommodation (NACE 55)
about 6% more bankruptcies
← fewer bankruptcies
more bankruptcies →
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 09-06-2026, 52 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
52 d early
2024
51 d early
2023
7 d early
2022
20 d early
2021
53 d early
2020
26 d early
2019
29 d early
← 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 34 days before 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 10 June (4 of the last 5 filed years within 31 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, abbreviated schema
In the rankings
#1 company by total assets in Maaseik, Accommodation and food service sector#1 company by equity in Maaseik, Accommodation and food service sector#3 oldest company in Maaseik, Accommodation and food service sector
Equity
€8.5m▲ 2.2%
2024 · €8.4m
Total assets
€10.1m▲ 10.5%
2024 · €9.1m
Net result
€186,040▼ 20.8%
2024 · €234,751
Working capital
-€353,258
2024 · €422,117
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
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), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€11,844€37,723▲ 219%-€17,678€235,487€188,841▼ 19.8%
Net result€25,992within the sector's middle half€42,702within the sector's middle half▲ 64.3%-€57,930below the sector's middle half€234,751above the sector's middle half€186,040above the sector's middle half▼ 20.8%
Equity€8.1mabove the sector's middle half▲ 0.3%€8.2mabove the sector's middle half▲ 0.5%€8.1mabove the sector's middle half▼ 0.7%€8.4mabove the sector's middle half▲ 2.9%€8.5mabove the sector's middle half▲ 2.2%
Total assets€8.5mabove the sector's middle half▲ 4.8%€9.1mabove the sector's middle half▲ 7.2%€9.3mabove the sector's middle half▲ 2.1%€9.1mabove the sector's middle half▼ 2.2%€10.1mabove the sector's middle half▲ 10.5%
Debt€384,688▲ 1,648%€959,162▲ 149%€1.2m▲ 25.9%€766,688▼ 36.5%€1.5m▲ 101%
Working capital€728,062above the sector's middle half▲ 538%-€723,087below the sector's middle half-€443,068below the sector's middle half▲ 38.7%€422,117above the sector's middle half-€353,258below the sector's middle half
Solvency95.5%above the sector's middle half▼ 4.2pp89.5%above the sector's middle half▼ 6.0pp87.1%above the sector's middle half▼ 2.4pp91.6%above the sector's middle half▲ 4.5pp84.7%above the sector's middle half▼ 6.9pp
Current ratio2.89above the sector's middle half▼ 3.290.22below the sector's middle half▼ 2.670.62within the sector's middle half▲ 0.401.56within the sector's middle half▲ 0.940.77within the sector's middle half▼ 0.79
Return on assets (ROA)0.3%within the sector's middle half▲ 11.7pp0.5%within the sector's middle half▲ 0.2pp-0.6%within the sector's middle half▼ 1.1pp2.6%within the sector's middle half▲ 3.2pp1.8%within the sector's middle half▼ 0.7pp
Staff (FTE)0.2below the sector's middle half▼ 80.0%0below the sector's middle half▼ 100%0below the sector's middle half0below the sector's middle half
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 abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 20% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €10.1m
Fixed assets
€8.9m ▲ 12.1%
Current assets
€1.2m ▼ 0.6%
Equity and liabilities €10.1m
Equity
€8.5m ▲ 2.2%
Debt
€1.5m ▲ 101%
Debt's share of the balance-sheet total rises from 8.4% to 15.3%. Equity and debt are higher.
Key figures and ratios
EBITDA
€899,153▼
2024 · €905,772
Cash flow
€896,352▼
2024 · €905,036
Debt to equity
0.18▲
2024 · 0.09
ROE
2.2%▼
2024 · 2.8%
Interest coverage
189.91▼
2024 · 519.98
Debt ≤ 1 year
€1.5m▲
2024 · €755,672
Debt > 1 year
€7,500=
2024 · €7,500
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,860 companies that looked in July 2024 the way this one looks now, 0.1% went bankrupt within 24 months and 98% are still going.
- Medium-sized
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.1%
went bankrupt
2.0%
stopped otherwise
98%
still going
For this company itself Checked computes a bankruptcy probability of 0.3% 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 1,860 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €17,881 | €43,921 | €5,876 | €0 | - | - |
| Remuneration, social security and pensions62 | €10,684 | €0 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €629,584 | €587,287 | €684,446 | €670,285 | €710,312 | ▲ 6.0% |
| Other operating charges640/8 | €40,008 | €43,179 | €54,062 | €51,458 | €66,105 | ▲ 28.5% |
| Non-recurring operating charges66A | - | €57,777 | €322 | €0 | - | - |
| Gross operating margin9900 | €692,120 | €725,967 | €721,152 | €957,230 | €965,258 | ▲ 0.8% |
| Operating profit (loss)9901 | €11,844 | €37,723 | -€17,678 | €235,487 | €188,841 | ▼ 19.8% |
| Financial income75/76B | €18,683 | €32,570 | €260 | €1,006 | €1,934 | ▲ 92.2% |
| Recurring financial income75 | €18,683 | €32,570 | €260 | €1,006 | €1,934 | ▲ 92.2% |
| Financial charges65/66B | €509 | €26,630 | €40,315 | €1,742 | €4,735 | ▲ 172% |
| Recurring financial charges65 | €509 | €26,630 | €40,315 | €1,742 | €4,735 | ▲ 172% |
| Profit (loss) for the period before taxes9903 | €30,018 | €43,663 | -€57,733 | €234,751 | €186,040 | ▼ 20.8% |
| Income taxes67/77 | €4,026 | €962 | €197 | €0 | - | - |
| Profit (loss) for the period9904 | €25,992 | €42,702 | -€57,930 | €234,751 | €186,040 | ▼ 20.8% |
| Profit (loss) for the period to be appropriated9905 | €25,992 | €42,702 | -€57,930 | €234,751 | €186,040 | ▼ 20.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €8.5m | €9.1m | €9.3m | €9.1m | €10.1m | ▲ 10.5% |
| Fixed assets21/28 | €7.4m | €8.9m | €8.6m | €7.9m | €8.9m | ▲ 12.1% |
| Intangible fixed assets21 | €0 | - | - | - | - | - |
| Tangible fixed assets22/27 | €7.4m | €7.9m | €8.6m | €7.9m | €8.9m | ▲ 12.1% |
| Land and buildings22 | €5.6m | €6.3m | €7.2m | €6.6m | €6.7m | ▲ 1.4% |
| Plant, machinery and equipment23 | €251,896 | €226,336 | €197,183 | €161,194 | €1.1m | ▲ 595% |
| Furniture and vehicles24 | €127,438 | €16,928 | €9,822 | €6,850 | €4,020 | ▼ 41.3% |
| Other tangible fixed assets26 | €1.4m | €1.3m | €1.2m | €1.1m | €1.1m | ▼ 7.5% |
| Financial fixed assets28 | €870 | €1.0m | €870 | €870 | €870 | = |
| Current assets29/58 | €1.1m | €209,459 | €722,399 | €1.2m | €1.2m | ▼ 0.6% |
| Stocks and contracts in progress3 | - | €400 | €400 | €0 | - | - |
| Stocks30/36 | - | €400 | €400 | €0 | - | - |
| Amounts receivable within one year40/41 | €972,202 | €116,108 | €640,539 | €892,593 | €802,082 | ▼ 10.1% |
| Trade receivables40 | €601,911 | €103,465 | €525,256 | €751,925 | €550,456 | ▼ 26.8% |
| Other amounts receivable41 | €370,291 | €12,643 | €115,283 | €140,668 | €251,625 | ▲ 78.9% |
| Cash at bank and in hand54/58 | €109,556 | €47,378 | €68,335 | €256,706 | €352,642 | ▲ 37.4% |
| Deferred charges and accrued income490/1 | €30,991 | €45,573 | €13,124 | €28,491 | €15,545 | ▼ 45.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €8.5m | €9.1m | €9.3m | €9.1m | €10.1m | ▲ 10.5% |
| Equity10/15 | €8.1m | €8.2m | €8.1m | €8.4m | €8.5m | ▲ 2.2% |
| Contributions10/11 | €15.9m | €15.9m | €15.9m | €15.9m | €15.9m | = |
| Profit (loss) carried forward14 | -€7.7m | -€7.7m | -€7.8m | -€7.5m | -€7.3m | ▲ 2.5% |
| Amounts payable17/49 | €384,688 | €959,162 | €1.2m | €766,688 | €1.5m | ▲ 101% |
| Amounts payable after more than one year17 | - | - | - | €7,500 | €7,500 | = |
| Other amounts payable178/9 | - | - | - | €7,500 | €7,500 | = |
| Amounts payable within one year42/48 | €384,688 | €932,546 | €1.2m | €755,672 | €1.5m | ▲ 102% |
| Trade debts44 | €7,359 | €67,850 | €933,960 | €628,587 | €1.0m | ▲ 62.8% |
| Suppliers440/4 | €7,359 | €67,850 | €933,960 | €628,587 | €1.0m | ▲ 62.8% |
| Taxes, remuneration and social security45 | €8,329 | €5,087 | €0 | - | - | - |
| Taxes450/3 | €8,329 | €5,087 | €0 | - | - | - |
| Remuneration and social security454/9 | €0 | - | - | - | - | - |
| Other amounts payable47/48 | €369,000 | €859,610 | €231,507 | €127,085 | €500,000 | ▲ 293% |
| Accrued charges and deferred income492/3 | - | €26,616 | €42,271 | €3,516 | €6,687 | ▲ 90.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €25,992 | €42,702 | -€57,930 | €234,751 | €186,040 | ▼ 20.8% |
| + Depreciation and write-downs630 | €629,584 | €587,287 | €684,446 | €670,285 | €710,312 | ▲ 6.0% |
| Operating cash flow (approximation) | €655,576 | €629,989 | €626,516 | €905,036 | €896,352 | ▼ 1.0% |
| Investment in fixed assets (approximation) | - | -€2.1m | -€362,152 | -€8,595 | -€1.7m | ▼ 19,386% |
| Change in cash | - | -€62,179 | €20,958 | €188,371 | €95,936 | ▼ 49.1% |
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
09-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
10-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Back to profitnet €234,751
Net result €234,751 after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 1.56
Current ratio from 0.62 to 1.56; short-term debt falls from €1.2m to €755,672.
24-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
11-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
08-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Back to profitnet €25,992
Net result €25,992 after 2 loss-making years.
05-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Liquidity times 26current ratio 6.18
Current ratio from 0.24 to 6.18; short-term debt falls from €1.7m to €22,006.
31-12
Financial
Equity above €5mEq €8.1m ▲234%
Equity rises from €2.4m to €8.1m.
02-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Show earlier events
2018
31-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2017
14-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
28-10
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 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 7 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Maaseik · 1 establishment unit since 1994
Ground area
24.0 ha
Building footprint
6,181 m²
Volume, LiDAR
45,501 m³
Parcel 72024C0518/00L000, Flanders · tallest building 11.3 m, ±2 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
De Warre
since 19942.065.612.129
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72024C0518/00L000 | Flanders | 24.0 ha | 1 · 6,181 m² | 11.3 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.
Structure & network
Owners and holdings
1 ownerChain of control
- LAERHOF
- DE WARRE
Highest known parent: LAERHOF. The sources do not say who stands above it.
Owners 1
- LAERHOFparentSourceaccounts LAERHOF 2025100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
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Company details
Identification
Legal formPrivate limited company
Founded01-12-1988
Fiscal year end31-12
Activities, NACEBEL 2025
55203Holiday cottages, homes and apartments
E-invoicing
Reachable via Peppol
Peppol ID
0208:0435994511
Registered
27-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.