ERMIONIS
ActiveSummary
ERMIONIS has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€1.6m) and a net result of -€61,030. Equity is shrinking by ~2.7% per year across the filed fiscal years. Its solvency ranks better than 5% of 702 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-12
Solvency0=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.01 against 0.01 in 2024; short-term debt: 681.8% and cash: 0.8% of total assets), and equity is negative.
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Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 2025Solvency, return and age of the figures
Solvency
-581.8%
Return on assets
-21.9%
Age of the figures
9 mo
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 · 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 →
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€1.6m
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
3 d early
2023
7 d early
2022
31 d late
2021
26 d early
2020
23 d late
2019
39 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 4 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 25 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
-€1.6m▼ 3.9%
2024 · -€1.6m
Total assets
€278,052▼ 9.3%
2024 · €306,583
Net result
-€61,030▼ 244%
2024 · -€17,720
Working capital
-€1.9m▼ 2.5%
2024 · -€1.8m
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-€44,507▲ 22.2%-€43,511▲ 2.2%-€37,729▲ 13.3%-€17,613▲ 53.3%-€60,775▼ 245%
Net result-€17,786within the sector's middle half▲ 68.9%-€43,806below the sector's middle half▼ 146%-€37,893below the sector's middle half▲ 13.5%-€17,720below the sector's middle half▲ 53.2%-€61,030below the sector's middle half▼ 244%
Equity-€1.5mbelow the sector's middle half▼ 1.2%-€1.5mbelow the sector's middle half▼ 3.0%-€1.5mbelow the sector's middle half▼ 2.5%-€1.6mbelow the sector's middle half▼ 1.2%-€1.6mbelow the sector's middle half▼ 3.9%
Total assets€407,889within the sector's middle half▼ 5.0%€345,897within the sector's middle half▼ 15.2%€319,253within the sector's middle half▼ 7.7%€306,583within the sector's middle half▼ 4.0%€278,052below the sector's middle half▼ 9.3%
Debt€1.9m▼ 0.2%€1.8m▼ 1.0%€1.9m▲ 0.6%€1.9m▲ 0.3%€1.9m▲ 1.8%
Working capital-€1.8mbelow the sector's middle half▲ 2.2%-€1.8mbelow the sector's middle half▼ 0.2%-€1.8mbelow the sector's middle half▼ 1.2%-€1.8mbelow the sector's middle half▼ 0.3%-€1.9mbelow the sector's middle half▼ 2.5%
Solvency-357.2%below the sector's middle half▼ 21.9pp-433.9%below the sector's middle half▼ 76.7pp-481.9%below the sector's middle half▼ 48.0pp-507.6%below the sector's middle half▼ 25.7pp-581.8%below the sector's middle half▼ 74.2pp
Current ratio0.03below the sector's middle half▲ 0.020.02below the sector's middle half▼ 0.010.01below the sector's middle half▼ 0.010.01below the sector's middle half=0.01below the sector's middle half▼ 0.01
Return on assets (ROA)-4.4%within the sector's middle half▲ 9.0pp-12.7%below the sector's middle half▼ 8.3pp-11.9%below the sector's middle half▲ 0.8pp-5.8%below the sector's middle half▲ 6.1pp-21.9%below the sector's middle half▼ 16.2pp
Staff (FTE)1.8=1.4▼ 22.2%1.3▼ 7.1%1.3=1.3within 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 stays negative: a loss of €60,775 in 2025 against €17,613 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €278,052
Fixed assets
€265,104 ▼ 5.4%
Current assets
€12,948 ▼ 51.0%
Key figures and ratios
EBITDA
-€46,475▼
2024 · -€3,360
Cash flow
-€46,730▼
2024 · -€3,467
Debt to equity
-1.17▲
2024 · -1.20
Interest coverage
-182.33▼
2024 · -19.66
Debt ≤ 1 year
€1.9m▲
2024 · €1.9m
Staff costs
€68,168▲
2024 · €64,097
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,621 companies that looked in July 2024 the way this one looks now, 4.5% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- negative equity
- a loss of 10% of the balance sheet or more
4.5%
went bankrupt
10.0%
stopped otherwise
84%
still going
A further 1.0% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.6% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 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 6,621 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 | €36,000 | €11,259 | - | - | €1,954 | - |
| Remuneration, social security and pensions62 | €29,307 | €41,491 | €60,753 | €64,097 | €68,168 | ▲ 6.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €58,894 | €40,101 | €15,726 | €14,253 | €14,300 | ▲ 0.3% |
| Other operating charges640/8 | €11,347 | €10,554 | €11,605 | €11,053 | €14,063 | ▲ 27.2% |
| Gross operating margin9900 | €55,041 | €48,635 | €50,356 | €71,790 | €35,757 | ▼ 50.2% |
| Operating profit (loss)9901 | -€44,507 | -€43,511 | -€37,729 | -€17,613 | -€60,775 | ▼ 245% |
| Financial income75/76B | €27,000 | €3 | €0 | €64 | €0 | ▼ 100% |
| Recurring financial income75 | €27,000 | €3 | €0 | €64 | €0 | ▼ 100% |
| Non-recurring financial income76B | €27,000 | - | - | - | - | - |
| Financial charges65/66B | €279 | €298 | €164 | €171 | €255 | ▲ 49.2% |
| Recurring financial charges65 | €279 | €298 | €164 | €171 | €255 | ▲ 49.2% |
| Profit (loss) for the period before taxes9903 | -€17,786 | -€43,806 | -€37,893 | -€17,720 | -€61,030 | ▼ 244% |
| Profit (loss) for the period9904 | -€17,786 | -€43,806 | -€37,893 | -€17,720 | -€61,030 | ▼ 244% |
| Profit (loss) for the period to be appropriated9905 | -€17,786 | -€43,806 | -€37,893 | -€17,720 | -€61,030 | ▼ 244% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €407,889 | €345,897 | €319,253 | €306,583 | €278,052 | ▼ 9.3% |
| Formation expenses20 | - | €0 | - | - | - | - |
| Fixed assets21/28 | €347,694 | €307,593 | €291,866 | €280,172 | €265,104 | ▼ 5.4% |
| Intangible fixed assets21 | €7,065 | €5,227 | €3,823 | €2,704 | €1,681 | ▼ 37.8% |
| Tangible fixed assets22/27 | €339,860 | €301,597 | €287,274 | €276,700 | €263,423 | ▼ 4.8% |
| Land and buildings22 | €338,052 | €300,300 | €286,188 | €273,330 | €260,775 | ▼ 4.6% |
| Plant, machinery and equipment23 | €1,807 | €1,297 | €1,086 | €3,370 | €2,647 | ▼ 21.4% |
| Furniture and vehicles24 | - | €0 | - | - | - | - |
| Financial fixed assets28 | €768 | €768 | €768 | €768 | €0 | ▼ 100% |
| Current assets29/58 | €60,195 | €38,304 | €27,387 | €26,411 | €12,948 | ▼ 51.0% |
| Stocks and contracts in progress3 | €10,776 | €7,525 | €5,812 | €4,654 | €0 | ▼ 100% |
| Stocks30/36 | €10,776 | €7,525 | €5,812 | €4,654 | €0 | ▼ 100% |
| Amounts receivable within one year40/41 | €1,131 | €2,404 | €2,250 | - | €2,541 | - |
| Trade receivables40 | - | €735 | - | - | €1,815 | - |
| Other amounts receivable41 | €1,131 | €1,669 | €2,250 | - | €726 | - |
| Current investments50/53 | €212 | €5,207 | €196 | €178 | €164 | ▼ 7.8% |
| Cash at bank and in hand54/58 | €46,682 | €15,945 | €10,301 | €12,770 | €2,169 | ▼ 83.0% |
| Deferred charges and accrued income490/1 | €1,394 | €7,223 | €8,828 | €8,809 | €8,075 | ▼ 8.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €407,889 | €345,897 | €319,253 | €306,583 | €278,052 | ▼ 9.3% |
| Equity10/15 | -€1.5m | -€1.5m | -€1.5m | -€1.6m | -€1.6m | ▼ 3.9% |
| Contributions10/11 | €1.0m | €1.0m | €1.0m | €1.0m | €1.0m | = |
| Capital10 | €1.0m | €1.0m | €1.0m | €1.0m | €1.0m | = |
| Issued capital100 | €1.0m | €1.0m | €1.0m | €1.0m | €1.0m | = |
| Reserves13 | €24,200 | €24,200 | €24,200 | €24,200 | €24,200 | = |
| Distributable reserves133 | €24,200 | €24,200 | €24,200 | €24,200 | €24,200 | = |
| Profit (loss) carried forward14 | -€2.5m | -€2.5m | -€2.6m | -€2.6m | -€2.6m | ▼ 2.4% |
| Amounts payable17/49 | €1.9m | €1.8m | €1.9m | €1.9m | €1.9m | ▲ 1.8% |
| Amounts payable within one year42/48 | €1.9m | €1.8m | €1.9m | €1.9m | €1.9m | ▲ 1.8% |
| Trade debts44 | €9,846 | €6,780 | €10,119 | €5,686 | €1,502 | ▼ 73.6% |
| Suppliers440/4 | €9,846 | €6,780 | €10,119 | €5,686 | €1,502 | ▼ 73.6% |
| Taxes, remuneration and social security45 | €9,748 | €7,413 | €7,688 | €5,872 | €5,105 | ▼ 13.1% |
| Taxes450/3 | €1,309 | €1,241 | €1,247 | €2,055 | €0 | ▼ 100% |
| Remuneration and social security454/9 | €8,439 | €6,172 | €6,440 | €3,817 | €5,105 | ▲ 33.8% |
| Other amounts payable47/48 | €1.8m | €1.8m | €1.8m | €1.9m | €1.9m | ▲ 2.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€17,786 | -€43,806 | -€37,893 | -€17,720 | -€61,030 | ▼ 244% |
| + Depreciation and write-downs630 | €58,894 | €40,101 | €15,726 | €14,253 | €14,300 | ▲ 0.3% |
| Operating cash flow (approximation) | €41,108 | -€3,705 | -€22,166 | -€3,467 | -€46,730 | ▼ 1,248% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€2,559 | €768 | ▲ 130% |
| Change in cash | - | -€30,737 | -€5,645 | €2,469 | -€10,601 | ▼ 529% |
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
28-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
24-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
05-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
23-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 23 days late
2020
22-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
03-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
08-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
06-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
NBB filing
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Namur · 1 establishment unit since 1997
Ground area
948 m²
Building footprint
112 m²
2 parcels, Wallonia. Linked by address, not a title deed.
10
companies at this address
See who is registered here
1 establishment unit
LE CHATEAU DE RENDEUX
since 19972.082.436.184
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92302G0324/00M003 | Wallonia | 492 m² | 1 · 88 m² | - |
| 83044B0574/00L000 | Wallonia | 456 m² | 1 · 24 m² | - |
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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteRendeux2.082.436.184
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 2,392 companies in sector 55100 we hold annual accounts for 1,518. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded19-06-1997
Fiscal year end31-12
Activities, NACEBEL 2025
55100Hotels and similar accommodation
56111Full-service restaurants
47279Other retail sale of food
56301Cafés and bars
E-invoicing
Reachable via Peppol
Peppol ID
0208:0460893817
Also
9925:BE0460893817
Registered
05-02-2026
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.