dewetho
ActiveSummary
dewetho has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €211,350 and a net result of €27,548. Equity is shrinking by ~8.6% per year across the filed fiscal years. Its solvency ranks better than 50% of 701 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability41▲+21
Solvency51▲+2
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11,000 at 30 days acceptable
Liquidity tight (current ratio 1.35 against 1.27 in 2024; short-term debt: 29.7% and cash: 0.7% of total assets), and 73.5% of the assets are financed with debt.
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Signals
Five 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
26.5%
Return on assets
3.5%
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 24-07-2026, 7 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
7 d early
2024
5 d late
2023
51 d early
2022
12 d early
2021
45 d early
2020
12 d late
2019
14 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 16 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 19 July (4 of the last 5 filed years within 33 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#2 company by total assets in Merchtem, Accommodation and food service sector#7 company by equity in Merchtem, Accommodation and food service sector
Equity
€211,350▲ 15.0%
2024 · €183,802
Total assets
€798,358▲ 4.5%
2024 · €764,134
Net result
€27,548
2024 · -€33,590
Working capital
€83,945▲ 47.3%
2024 · €57,000
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-€70,369▼ 7.8%€10,565€74,367▲ 604%-€17,681€41,857
Net result-€78,326below the sector's middle half▼ 9.4%-€4,425within the sector's middle half▲ 94.4%-€22,917within the sector's middle half▼ 418%-€33,590within the sector's middle half▼ 46.6%€27,548within the sector's middle half
Equity€244,734within the sector's middle half▼ 24.2%€240,309within the sector's middle half▼ 1.8%€217,392within the sector's middle half▼ 9.5%€183,802within the sector's middle half▼ 15.5%€211,350within the sector's middle half▲ 15.0%
Total assets€871,116within the sector's middle half▼ 5.6%€882,967within the sector's middle half▲ 1.4%€814,044within the sector's middle half▼ 7.8%€764,134within the sector's middle half▼ 6.1%€798,358within the sector's middle half▲ 4.5%
Debt€626,382▲ 4.4%€642,657▲ 2.6%€596,652▼ 7.2%€580,332▼ 2.7%€587,008▲ 1.2%
Working capital€7,777within the sector's middle half€81,142within the sector's middle half▲ 943%€30,727within the sector's middle half▼ 62.1%€57,000within the sector's middle half▲ 85.5%€83,945within the sector's middle half▲ 47.3%
Solvency28.1%within the sector's middle half▼ 6.9pp27.2%within the sector's middle half▼ 0.9pp26.7%within the sector's middle half▼ 0.5pp24.1%within the sector's middle half▼ 2.7pp26.5%within the sector's middle half▲ 2.4pp
Current ratio1.13within the sector's middle half▲ 0.222.34above the sector's middle half▲ 1.211.12within the sector's middle half▼ 1.211.27within the sector's middle half▲ 0.141.35within the sector's middle half▲ 0.09
Return on assets (ROA)-9.0%below the sector's middle half▼ 1.2pp-0.5%within the sector's middle half▲ 8.5pp-2.8%within the sector's middle half▼ 2.3pp-4.4%below the sector's middle half▼ 1.6pp3.5%within the sector's middle half▲ 7.8pp
Staff (FTE)0below the sector's middle half0below 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 or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €41,857 after a loss of €17,681 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €798,358
Fixed assets
€477,409 ▼ 3.4%
Current assets
€320,949 ▲ 19.0%
Equity and liabilities €798,358
Equity
€211,350 ▲ 15.0%
Debt
€587,008 ▲ 1.2%
Debt's share of the balance-sheet total falls from 75.9% to 73.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€61,908▲
2024 · €24,528
Cash flow
€47,599▲
2024 · €8,619
Debt to equity
2.78▼
2024 · 3.16
ROE
13.0%▲
2024 · -18.3%
Interest coverage
2.14▲
2024 · 0.85
Debt ≤ 1 year
€237,004▲
2024 · €212,674
Debt > 1 year
€350,004=
2024 · €350,004
Income taxes
€478▲
2024 · €456
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 4,681 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 97% are still going.
- Small
- 20 years or older
- solvency 10 to 30%
- a profit under 5% of the balance sheet
1.1%
went bankrupt
2.0%
stopped otherwise
97%
still going
For this company itself Checked computes a bankruptcy probability of 0.6% 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 497,338 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% | 1.9% |
| 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 4,681 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 | €58,686 | €60,845 | €60,173 | €42,209 | €20,051 | ▼ 52.5% |
| Other operating charges640/8 | €5,093 | €5,880 | €6,089 | €6,308 | €5,484 | ▼ 13.1% |
| Gross operating margin9900 | -€6,590 | €77,291 | €140,629 | €30,836 | €67,392 | ▲ 119% |
| Operating profit (loss)9901 | -€70,369 | €10,565 | €74,367 | -€17,681 | €41,857 | ▲ 337% |
| Financial income75/76B | €1,824 | €3,732 | €53,089 | €13,348 | €15,157 | ▲ 13.6% |
| Recurring financial income75 | €1,824 | €3,732 | €7,201 | €13,348 | €15,157 | ▲ 13.6% |
| Non-recurring financial income76B | - | - | €45,889 | €0 | - | - |
| Financial charges65/66B | €9,538 | €18,193 | €149,929 | €28,800 | €28,987 | ▲ 0.6% |
| Recurring financial charges65 | €9,538 | €18,193 | €33,358 | €28,800 | €28,987 | ▲ 0.6% |
| Non-recurring financial charges66B | - | - | €116,571 | €0 | - | - |
| Profit (loss) for the period before taxes9903 | -€78,083 | -€3,896 | -€22,472 | -€33,133 | €28,026 | ▲ 185% |
| Income taxes67/77 | €243 | €529 | €445 | €456 | €478 | ▲ 4.8% |
| Profit (loss) for the period9904 | -€78,326 | -€4,425 | -€22,917 | -€33,590 | €27,548 | ▲ 182% |
| Profit (loss) for the period to be appropriated9905 | -€78,326 | -€4,425 | -€22,917 | -€33,590 | €27,548 | ▲ 182% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €871,116 | €882,967 | €814,044 | €764,134 | €798,358 | ▲ 4.5% |
| Fixed assets21/28 | €802,060 | €741,215 | €536,669 | €494,460 | €477,409 | ▼ 3.4% |
| Tangible fixed assets22/27 | €652,796 | €591,951 | €536,419 | €494,210 | €477,159 | ▼ 3.5% |
| Land and buildings22 | €588,400 | €554,233 | €520,084 | €489,159 | €471,741 | ▼ 3.6% |
| Plant, machinery and equipment23 | €1,513 | €330 | €0 | - | - | - |
| Furniture and vehicles24 | €62,883 | €37,388 | €16,336 | €5,052 | €5,418 | ▲ 7.3% |
| Financial fixed assets28 | €149,264 | €149,264 | €250 | €250 | €250 | = |
| Current assets29/58 | €69,057 | €141,752 | €277,375 | €269,674 | €320,949 | ▲ 19.0% |
| Amounts receivable within one year40/41 | €49,434 | €128,743 | €194,769 | €264,800 | €313,562 | ▲ 18.4% |
| Trade receivables40 | €16,910 | €22,499 | €14,717 | €8,744 | €11,505 | ▲ 31.6% |
| Other amounts receivable41 | €32,524 | €106,244 | €180,052 | €256,056 | €302,057 | ▲ 18.0% |
| Cash at bank and in hand54/58 | €15,031 | €8,380 | €78,033 | €1,939 | €5,456 | ▲ 181% |
| Deferred charges and accrued income490/1 | €4,592 | €4,629 | €4,572 | €2,935 | €1,932 | ▼ 34.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €871,116 | €882,967 | €814,044 | €764,134 | €798,358 | ▲ 4.5% |
| Equity10/15 | €244,734 | €240,309 | €217,392 | €183,802 | €211,350 | ▲ 15.0% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €376,067 | €376,067 | €376,067 | €376,067 | €376,067 | = |
| Distributable reserves133 | €376,067 | €376,067 | €376,067 | €376,067 | €376,067 | = |
| Profit (loss) carried forward14 | -€149,933 | -€154,357 | -€177,275 | -€210,864 | -€183,316 | ▲ 13.1% |
| Amounts payable17/49 | €626,382 | €642,657 | €596,652 | €580,332 | €587,008 | ▲ 1.2% |
| Amounts payable after more than one year17 | €561,204 | €581,147 | €350,004 | €350,004 | €350,004 | = |
| Financial debts170/4 | €561,204 | €581,147 | €350,004 | €350,004 | €350,004 | = |
| Amounts payable within one year42/48 | €61,280 | €60,611 | €246,648 | €212,674 | €237,004 | ▲ 11.4% |
| Current portion of amounts payable after more than one year42 | €44,179 | €44,272 | €600 | €0 | - | - |
| Financial debts43 | - | - | €230,000 | €200,000 | €230,000 | ▲ 15.0% |
| Other loans439 | - | - | €230,000 | €200,000 | €230,000 | ▲ 15.0% |
| Trade debts44 | €2,668 | €612 | €831 | €4,494 | €1,735 | ▼ 61.4% |
| Suppliers440/4 | €2,668 | €612 | €831 | €4,494 | €1,735 | ▼ 61.4% |
| Advances received on contracts in progress46 | - | €0 | - | - | - | - |
| Taxes, remuneration and social security45 | €14,433 | €15,726 | €15,217 | €8,179 | €5,269 | ▼ 35.6% |
| Taxes450/3 | €14,433 | €15,726 | €15,217 | €8,179 | €5,269 | ▼ 35.6% |
| Other amounts payable47/48 | - | €0 | - | - | - | - |
| Accrued charges and deferred income492/3 | €3,899 | €900 | €0 | €17,654 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€78,326 | -€4,425 | -€22,917 | -€33,590 | €27,548 | ▲ 182% |
| + Depreciation and write-downs630 | €58,686 | €60,845 | €60,173 | €42,209 | €20,051 | ▼ 52.5% |
| Operating cash flow (approximation) | -€19,640 | €56,420 | €37,255 | €8,619 | €47,599 | ▲ 452% |
| Investment in fixed assets (approximation) | - | €0 | €144,373 | €0 | -€3,000 | - |
| Change in cash | - | -€6,651 | €69,653 | -€76,095 | €3,517 | ▲ 105% |
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
24-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Back to profitnet €27,548
Net result €27,548 after 5 loss-making years.
31-12
Financial
Equity above €200,000Eq €211,350 ▲15%
Equity rises from €183,802 to €211,350.
05-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 5 days late
2024
10-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
19-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Liquidity doublescurrent ratio 2.34
Current ratio from 1.13 to 2.34; short-term debt falls from €61,280 to €60,611.
16-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Weakest financial yearnet -€78,326
Net result drops to -€78,326, the lowest in the series; recovery starts the following year.
12-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 12 days late
2020
17-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Highest result since 2018net €380,474 ▲2,304%
Operating result €144,358, net result €380,474, both a record.
Show earlier events
28-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
15-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
24-05
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 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
3 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, Merchtem · 2 establishment units since 2006
Ground area
681 m²
Building footprint
316 m²
Volume, LiDAR
2,912 m³
2 parcels, Flanders, Wallonia · tallest building 13.2 m, ±4 floors. Linked by address, not a title deed.
2 establishment units
Oudstrijdersstraat 41, 1785 Merchtem
since 20062.237.544.035
dewetho
since 20202.301.411.112
2 parcels
Flanders
1
(50%)
Wallonia
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23602K0166/00M000 | Flanders | 541 m² | 1 · 120 m² | 10.4 m · 2 fl. |
| 63072G0003/00E000 | Wallonia | 140 m² | 1 · 197 m² | 13.2 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels 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 · 83 EUR awarded · 83 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 83 EUR | 83 EUR |
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Of 3,007 companies in sector 55203 we hold annual accounts for 694. 505 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
Founded27-09-2006
Fiscal year end31-12
Activities, NACEBEL 2025
55203Holiday cottages, homes and apartments
70200Business and other management consultancy
90111Literary creation
E-invoicing
Reachable via Peppol
Peppol ID
0208:0884021574
Registered
27-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.