FDC
ActiveSummary
FDC has been active since 1995 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (-€100,985) and a net result of -€3,862. Equity remains stable across the filed fiscal years (±1.3% per year). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability46▼-2
Solvency11▲+2
Growth52=
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 0.4 against 0.05 in 2023; short-term debt: 52% and cash: 19.7% of total assets), and equity is negative.
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Signals
Four 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 2024Solvency, return and age of the figures
Solvency
-13.9%
Return on assets
-0.5%
Age of the figures
21 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 →
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 16-06-2026, 45 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
45 d early
2024
51 d early
2023
51 d early
2022
46 d early
2021
30 d early
2020
29 d early
2019
30 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 40 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 15 June (5 of the last 5 filed years within 30 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 2024, micro schema
Equity
-€100,985▼ 4.0%
2023 · -€97,123
Total assets
€726,699▲ 16.8%
2023 · €622,138
Net result
-€3,862▲ 58.3%
2023 · -€9,268
Working capital
-€228,336▲ 32.8%
2023 · -€339,626
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
Line20202021202220232024
Operating result€417€15,927▲ 3,721%€9,537▼ 40.1%-€3,017€5,863
Net result-€1,951within the sector's middle half▲ 66.2%€14,050within the sector's middle half€7,555within the sector's middle half▼ 46.2%-€9,268within the sector's middle half-€3,862within the sector's middle half▲ 58.3%
Equity-€109,459below the sector's middle half▼ 1.8%-€95,410below the sector's middle half▲ 12.8%-€87,855below the sector's middle half▲ 7.9%-€97,123below the sector's middle half▼ 10.5%-€100,985below the sector's middle half▼ 4.0%
Total assets€284,539within the sector's middle half▼ 2.4%€269,633within the sector's middle half▼ 5.2%€240,307within the sector's middle half▼ 10.9%€622,138within the sector's middle half▲ 159%€726,699within the sector's middle half▲ 16.8%
Debt€393,999▼ 1.2%€365,042▼ 7.3%€328,161▼ 10.1%€719,261▲ 119%€827,684▲ 15.1%
Working capital-€155,738below the sector's middle half▼ 55.9%-€204,807below the sector's middle half▼ 31.5%-€260,013below the sector's middle half▼ 27.0%-€339,626below the sector's middle half▼ 30.6%-€228,336below the sector's middle half▲ 32.8%
Solvency-38.5%below the sector's middle half▼ 1.6pp-35.4%below the sector's middle half▲ 3.1pp-36.6%below the sector's middle half▼ 1.2pp-15.6%below the sector's middle half▲ 20.9pp-13.9%below the sector's middle half▲ 1.7pp
Current ratio0.13below the sector's middle half=0.11below the sector's middle half▼ 0.020.07below the sector's middle half▼ 0.040.05below the sector's middle half▼ 0.010.40within the sector's middle half▲ 0.34
Return on assets (ROA)-0.7%within the sector's middle half▲ 1.3pp5.2%within the sector's middle half▲ 5.9pp3.1%within the sector's middle half▼ 2.1pp-1.5%within the sector's middle half▼ 4.6pp-0.5%within the sector's middle half▲ 1.0pp
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 micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €5,863 after a loss of €3,017 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €726,699
Fixed assets
€577,351 ▼ 4.2%
Current assets
€149,348 ▲ 661%
Key figures and ratios
EBITDA
€32,711▲
2023 · €23,165
Cash flow
€22,985▲
2023 · €16,914
Debt to equity
-8.20▼
2023 · -7.41
Interest coverage
3.36▼
2023 · 3.70
Debt ≤ 1 year
€377,684▲
2023 · €359,261
Debt > 1 year
€450,000▲
2023 · €360,000
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,242 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 93% are still going.
- Small
- 20 years or older
- negative equity
- a small loss
1.6%
went bankrupt
3.8%
stopped otherwise
93%
still going
A further 1.9% stopped, but we cannot tell whether within those 24 months.
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 497,662 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 1,242 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €23,896 | €25,095 | €23,984 | €26,182 | €26,847 | ▲ 2.5% |
| Other operating charges640/8 | - | €1,883 | €1,809 | €2,052 | €2,983 | ▲ 45.4% |
| Gross operating margin9900 | €25,980 | €42,904 | €35,330 | €25,217 | €35,693 | ▲ 41.5% |
| Operating profit (loss)9901 | €417 | €15,927 | €9,537 | -€3,017 | €5,863 | ▲ 294% |
| Financial income75/76B | - | €49 | €11 | €2 | €0 | ▼ 99.5% |
| Recurring financial income75 | €243 | €49 | €11 | €2 | €0 | ▼ 99.5% |
| Financial charges65/66B | - | €1,926 | €1,994 | €6,253 | €9,725 | ▲ 55.5% |
| Recurring financial charges65 | €2,611 | €1,926 | €1,994 | €6,253 | €9,725 | ▲ 55.5% |
| Profit (loss) for the period before taxes9903 | -€1,951 | €14,050 | €7,555 | -€9,268 | -€3,862 | ▲ 58.3% |
| Profit (loss) for the period9904 | -€1,951 | €14,050 | €7,555 | -€9,268 | -€3,862 | ▲ 58.3% |
| Profit (loss) for the period to be appropriated9905 | -€1,951 | €14,050 | €7,555 | -€9,268 | -€3,862 | ▲ 58.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €284,539 | €269,633 | €240,307 | €622,138 | €726,699 | ▲ 16.8% |
| Fixed assets21/28 | €261,279 | €244,397 | €222,158 | €602,503 | €577,351 | ▼ 4.2% |
| Tangible fixed assets22/27 | €261,279 | €244,397 | €222,158 | €602,503 | €577,351 | ▼ 4.2% |
| Land and buildings22 | - | €224,647 | €204,561 | €575,233 | €554,908 | ▼ 3.5% |
| Plant, machinery and equipment23 | - | €16,605 | €15,052 | €23,374 | €17,964 | ▼ 23.1% |
| Furniture and vehicles24 | - | €3,145 | €2,545 | €3,897 | €4,479 | ▲ 14.9% |
| Current assets29/58 | €23,260 | €25,236 | €18,149 | €19,635 | €149,348 | ▲ 661% |
| Amounts receivable within one year40/41 | €4,034 | €4,660 | €3,436 | €4,533 | €4,433 | ▼ 2.2% |
| Trade receivables40 | - | €4,660 | €3,436 | €4,533 | €4,433 | ▼ 2.2% |
| Cash at bank and in hand54/58 | €18,091 | €19,400 | €13,420 | €13,704 | €143,496 | ▲ 947% |
| Deferred charges and accrued income490/1 | - | €1,176 | €1,293 | €1,398 | €1,419 | ▲ 1.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €284,539 | €269,633 | €240,307 | €622,138 | €726,699 | ▲ 16.8% |
| Equity10/15 | -€109,459 | -€95,410 | -€87,855 | -€97,123 | -€100,985 | ▼ 4.0% |
| Contributions10/11 | - | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Profit (loss) carried forward14 | -€128,051 | -€114,002 | -€106,447 | -€115,715 | -€119,577 | ▼ 3.3% |
| Amounts payable17/49 | €393,999 | €365,042 | €328,161 | €719,261 | €827,684 | ▲ 15.1% |
| Amounts payable after more than one year17 | €215,000 | €135,000 | €50,000 | €360,000 | €450,000 | ▲ 25.0% |
| Financial debts170/4 | - | - | - | - | €150,000 | - |
| Other amounts payable178/9 | - | €135,000 | €50,000 | €360,000 | €300,000 | ▼ 16.7% |
| Amounts payable within one year42/48 | €178,999 | €230,042 | €278,161 | €359,261 | €377,684 | ▲ 5.1% |
| Trade debts44 | €1,714 | €1,782 | €3,989 | €4,583 | €2,822 | ▼ 38.4% |
| Suppliers440/4 | - | €1,782 | €3,989 | €4,583 | €2,822 | ▼ 38.4% |
| Advances received on contracts in progress46 | - | €7,790 | €3,852 | €5,770 | €7,896 | ▲ 36.8% |
| Other amounts payable47/48 | - | €220,470 | €270,320 | €348,909 | €366,966 | ▲ 5.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1,951 | €14,050 | €7,555 | -€9,268 | -€3,862 | ▲ 58.3% |
| + Depreciation and write-downs630 | €23,896 | €25,095 | €23,984 | €26,182 | €26,847 | ▲ 2.5% |
| Operating cash flow (approximation) | €21,945 | €39,144 | €31,539 | €16,914 | €22,985 | ▲ 35.9% |
| Investment in fixed assets (approximation) | - | -€8,213 | -€1,744 | -€406,528 | -€1,695 | ▲ 99.6% |
| Change in cash | - | €1,309 | -€5,980 | €284 | €129,792 | ▲ 45,537% |
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
16-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
10-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
10-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet -€9,268
Net result drops to -€9,268, the lowest in the series; recovery starts the following year.
15-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
01-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €14,050
Net result €14,050 after 3 loss-making years.
02-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
01-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
18-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
24-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
24-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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
Ground area
1,043 m²
Building footprint
171 m²
Volume, LiDAR
943 m³
Parcel 44038A0488/00K000, Flanders · tallest building 9.5 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44038A0488/00K000 | Flanders | 1,043 m² | 1 · 171 m² | 9.5 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.
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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 1,854 companies in sector 55204 we hold annual accounts for 451. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded30-08-1995
Fiscal year end31-12
Activities, NACEBEL 2025
55204Guest rooms (bed and breakfast)
E-invoicing
Reachable via Peppol
Peppol ID
0208:0455924150
Also
9925:BE0455924150
Registered
16-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.