DE WIT
ActiveSummary
DE WIT has been active since 1986 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €276,858 and a net result of €42,779. Equity is growing by ~13.3% per year across the filed fiscal years. Its solvency ranks better than 42% of 701 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability57▼-5
Solvency44▲+2
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €16,000 at 30 days acceptable
Liquidity short (current ratio 0.76 against 0.74 in 2024; short-term debt: 26.5% and cash: 0% of total assets), and 81.3% 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
18.7%
Return on assets
2.9%
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 30-07-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
9 d early
2023
90 d late
2022
70 d late
2021
31 d late
2020
5 d early
2019
91 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 38 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
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€276,858▲ 3.0%
2024 · €268,678
Total assets
€1.5m▼ 8.7%
2024 · €1.6m
Net result
€42,779▼ 47.2%
2024 · €81,028
Working capital
-€96,012▲ 18.2%
2024 · -€117,314
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€18,166▼ 7.7%€80,262▲ 342%€90,452▲ 12.7%€165,708▲ 83.2%€114,679▼ 30.8%
Net result-€20,979below the sector's middle half▼ 868%€35,780above the sector's middle half€20,631within the sector's middle half▼ 42.3%€81,028above the sector's middle half▲ 293%€42,779within the sector's middle half▼ 47.2%
Equity€131,239within the sector's middle half▼ 13.8%€167,019within the sector's middle half▲ 27.3%€187,650within the sector's middle half▲ 12.4%€268,678above the sector's middle half▲ 43.2%€276,858within the sector's middle half▲ 3.0%
Total assets€846,350above the sector's middle half▼ 5.0%€1.7mabove the sector's middle half▲ 106%€1.7mabove the sector's middle half▼ 4.5%€1.6mabove the sector's middle half▼ 2.5%€1.5mwithin the sector's middle half▼ 8.7%
Debt€715,111▼ 3.1%€1.6m▲ 120%€1.5m▼ 6.3%€1.4m▼ 8.3%€1.2m▼ 11.0%
Working capital-€37,017within the sector's middle half▲ 70.7%-€160,421below the sector's middle half▼ 333%-€181,183below the sector's middle half▼ 12.9%-€117,314within the sector's middle half▲ 35.3%-€96,012within the sector's middle half▲ 18.2%
Solvency15.5%within the sector's middle half▼ 1.6pp9.6%within the sector's middle half▼ 5.9pp11.3%within the sector's middle half▲ 1.7pp16.6%within the sector's middle half▲ 5.3pp18.7%within the sector's middle half▲ 2.1pp
Current ratio0.85within the sector's middle half▲ 0.200.61within the sector's middle half▼ 0.240.59within the sector's middle half▼ 0.020.74within the sector's middle half▲ 0.150.76within the sector's middle half▲ 0.02
Return on assets (ROA)-2.5%within the sector's middle half▼ 2.2pp2.1%within the sector's middle half▲ 4.5pp1.2%within the sector's middle half▼ 0.8pp5.0%within the sector's middle half▲ 3.8pp2.9%within the sector's middle half▼ 2.1pp
Staff (FTE)5.3▲ 23.3%4.5▼ 15.1%7.7▲ 71.1%8.3▲ 7.8%1.7within the sector's middle half▼ 79.5%
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 or micro schema does not require them.
Why a figure moved sharply
- 2025 Staff (FTE) -80% on 2024. The accounts now follow the abbreviated schema, last year the micro schema.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 31% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.5m
Fixed assets
€1.2m ▼ 8.3%
Current assets
€296,805 ▼ 10.0%
Equity and liabilities €1.5m
Equity
€276,858 ▲ 3.0%
Debt
€1.2m ▼ 11.0%
Debt's share of the balance-sheet total falls from 83.4% to 81.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€222,241▼
2024 · €280,575
Cash flow
€150,341▼
2024 · €195,895
Debt to equity
4.36▼
2024 · 5.04
ROE
15.5%▼
2024 · 30.2%
Interest coverage
4.19▼
2024 · 4.49
Debt ≤ 1 year
€392,818▼
2024 · €447,136
Debt > 1 year
€812,108▼
2024 · €906,592
Income taxes
€21,887▼
2024 · €25,091
Staff costs
€88,821▼
2024 · €172,111
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,980 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 96% are still going.
- Micro
- 20 years or older
- solvency 10 to 30%
- a profit under 5% of the balance sheet
1.1%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
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 497,662 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% | 1.7% |
| 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 75% 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 3,980 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 | €55,260 | €127,546 | €166,667 | €172,111 | €88,821 | ▼ 48.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €22,039 | €119,195 | €121,032 | €114,867 | €107,562 | ▼ 6.4% |
| Other operating charges640/8 | €24,140 | €23,988 | €28,745 | €37,138 | €14,158 | ▼ 61.9% |
| Gross operating margin9900 | €119,605 | €350,991 | €406,896 | €489,823 | €325,220 | ▼ 33.6% |
| Operating profit (loss)9901 | €18,166 | €80,262 | €90,452 | €165,708 | €114,679 | ▼ 30.8% |
| Financial income75/76B | €3,506 | €4,624 | €1,892 | €2,928 | €3,026 | ▲ 3.3% |
| Recurring financial income75 | €3,506 | €4,624 | €1,892 | €2,928 | €3,026 | ▲ 3.3% |
| Financial charges65/66B | €42,329 | €45,072 | €69,143 | €62,517 | €53,039 | ▼ 15.2% |
| Recurring financial charges65 | €42,329 | €45,072 | €69,143 | €62,517 | €53,039 | ▼ 15.2% |
| Profit (loss) for the period before taxes9903 | -€20,657 | €39,814 | €23,201 | €106,119 | €64,666 | ▼ 39.1% |
| Income taxes67/77 | €323 | €4,034 | €2,570 | €25,091 | €21,887 | ▼ 12.8% |
| Profit (loss) for the period9904 | -€20,979 | €35,780 | €20,631 | €81,028 | €42,779 | ▼ 47.2% |
| Profit (loss) for the period to be appropriated9905 | -€20,979 | €35,780 | €20,631 | €81,028 | €42,779 | ▼ 47.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €846,350 | €1.7m | €1.7m | €1.6m | €1.5m | ▼ 8.7% |
| Fixed assets21/28 | €635,508 | €1.5m | €1.4m | €1.3m | €1.2m | ▼ 8.3% |
| Tangible fixed assets22/27 | €635,508 | €1.5m | €1.4m | €1.3m | €1.2m | ▼ 8.3% |
| Land and buildings22 | - | €931,190 | €906,542 | €881,894 | €857,246 | ▼ 2.8% |
| Plant, machinery and equipment23 | €16,138 | €545,731 | €494,013 | €409,134 | €328,352 | ▼ 19.7% |
| Furniture and vehicles24 | €2,319 | €17,011 | €7,713 | €2,374 | €241 | ▼ 89.8% |
| Other tangible fixed assets26 | €617,051 | €0 | - | - | - | - |
| Current assets29/58 | €210,841 | €249,377 | €256,545 | €329,822 | €296,805 | ▼ 10.0% |
| Stocks and contracts in progress3 | €2,256 | €658 | €4,356 | €757 | €0 | ▼ 100% |
| Stocks30/36 | €2,256 | €658 | €4,356 | €757 | €0 | ▼ 100% |
| Amounts receivable within one year40/41 | €170,749 | €202,943 | €248,603 | €324,195 | €292,752 | ▼ 9.7% |
| Trade receivables40 | €92 | €0 | €15,000 | €18,096 | €15,413 | ▼ 14.8% |
| Other amounts receivable41 | €170,657 | €202,943 | €233,603 | €306,099 | €277,339 | ▼ 9.4% |
| Cash at bank and in hand54/58 | €36,350 | €38,393 | €640 | €407 | €705 | ▲ 73.1% |
| Deferred charges and accrued income490/1 | €1,486 | €7,384 | €2,945 | €4,463 | €3,348 | ▼ 25.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €846,350 | €1.7m | €1.7m | €1.6m | €1.5m | ▼ 8.7% |
| Equity10/15 | €131,239 | €167,019 | €187,650 | €268,678 | €276,858 | ▲ 3.0% |
| Contributions10/11 | €90,000 | €90,000 | €90,000 | €90,000 | €90,000 | = |
| Reserves13 | €34,599 | €70,379 | €91,010 | €91,010 | €99,190 | ▲ 9.0% |
| Non-distributable reserves130/1 | €3,493 | €3,493 | €3,493 | €3,493 | €3,493 | = |
| Reserves not available under the articles1311 | €3,493 | €3,493 | €3,493 | €3,493 | €3,493 | = |
| Distributable reserves133 | €31,106 | €66,886 | €87,518 | €87,518 | €95,698 | ▲ 9.3% |
| Profit (loss) carried forward14 | €6,640 | €6,640 | €6,640 | €87,668 | €87,668 | = |
| Amounts payable17/49 | €715,111 | €1.6m | €1.5m | €1.4m | €1.2m | ▼ 11.0% |
| Amounts payable after more than one year17 | €467,253 | €1.2m | €1.0m | €906,592 | €812,108 | ▼ 10.4% |
| Financial debts170/4 | €467,253 | €1.2m | €1.0m | €906,592 | €812,108 | ▼ 10.4% |
| Amounts payable within one year42/48 | €247,858 | €409,798 | €437,728 | €447,136 | €392,818 | ▼ 12.1% |
| Current portion of amounts payable after more than one year42 | €66,555 | €119,545 | €126,759 | €132,231 | €94,484 | ▼ 28.5% |
| Financial debts43 | - | - | €11,002 | €26,215 | €11,508 | ▼ 56.1% |
| Credit institutions430/8 | - | - | €11,002 | €26,215 | €11,508 | ▼ 56.1% |
| Trade debts44 | €9,913 | €22,426 | €42,505 | €42,810 | €9,870 | ▼ 76.9% |
| Suppliers440/4 | €9,913 | €22,426 | €42,505 | €42,810 | €9,870 | ▼ 76.9% |
| Advances received on contracts in progress46 | - | €2,062 | €1,027 | €2,499 | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | €1,620 | €5,623 | €15,772 | €32,514 | €49,168 | ▲ 51.2% |
| Taxes450/3 | €1,620 | €5,123 | €8,360 | €29,417 | €49,168 | ▲ 67.1% |
| Remuneration and social security454/9 | - | €500 | €7,412 | €3,097 | €0 | ▼ 100% |
| Other amounts payable47/48 | €169,771 | €260,142 | €240,664 | €210,867 | €227,789 | ▲ 8.0% |
| Accrued charges and deferred income492/3 | - | €207 | €612 | €817 | €861 | ▲ 5.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€20,979 | €35,780 | €20,631 | €81,028 | €42,779 | ▼ 47.2% |
| + Depreciation and write-downs630 | €22,039 | €119,195 | €121,032 | €114,867 | €107,562 | ▼ 6.4% |
| Operating cash flow (approximation) | €1,059 | €154,975 | €141,663 | €195,895 | €150,341 | ▼ 23.3% |
| Investment in fixed assets (approximation) | - | -€977,618 | -€35,369 | €0 | €0 | - |
| Change in cash | - | €2,043 | -€37,753 | -€232 | €298 | ▲ 228% |
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
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
22-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €81,028 ▲293%
Operating result €165,708, net result €81,028, both a record.
31-12
Financial
Equity above €200,000Eq €268,678 ▲43.2%
3 profitable years in a row build equity to €268,678.
29-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 90 days late
2023
09-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 70 days late
2022
31-12
Financial
Back to profitnet €35,780
Net result €35,780 after 2 loss-making years.
31-12
Financial
Equity above €150,000Eq €167,019 ▲27.3%
Equity rises from €131,239 to €167,019.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Weakest financial yearnet -€20,979
Net result drops to -€20,979, the lowest in the series; recovery starts the following year.
26-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
Show earlier events
2019
31-12
Financial
Equity above €150,000Eq €154,384 ▲25.5%
2 profitable years in a row build equity to €154,384.
23-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 84 days late
2018
26-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 57 days late
2017
07-11
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 99 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, Gent · 1 establishment unit since 1986
Ground area
1,058 m²
Building footprint
174 m²
Volume, LiDAR
2,706 m³
Parcel 44804D2114/00W005, Flanders · tallest building 22.1 m, ±5 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Parkhotel Gent / Restaurant La Provence
since 19862.028.890.503
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44804D2114/00W005 | Flanders | 1,058 m² | 1 · 174 m² | 22.1 m · 5 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Structure & network
Owners and holdings
1 ownerOwners 1
-
38.87%
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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteGent2.028.890.503
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Of 2,393 companies in sector 55100 we hold annual accounts for 1,517. 1,115 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded17-01-1986
Fiscal year end31-12
Activities, NACEBEL 2025
55100Hotels and similar accommodation
56111Full-service restaurants
E-invoicing
Reachable via Peppol
Peppol ID
0208:0428422967
Also
9925:BE0428422967
Registered
03-07-2026
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.