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Complete company report
Generated 29-06-2026
Active BE 0745.622.964Private limited companyOpen bankruptcy

Four Star Bornem

Luxemburgstraat 20 ·9140 Temse, Belgium· 6 yrs active
Sector: Accommodation (55100)
Conclusion Checked

A bankruptcy procedure is open for Four Star Bornem according to publications in the Belgian State Gazette. The 2025 annual accounts show negative equity (€-266k) and a net result of €-14k.

Based on the State Gazette, CBE and 5 annual accounts.
Key figures
Equity €-266k
Net result €-14k
Staff (FTE) 4.6
Active 6 yrs
Snowflake analysis 5 axes · computed by Checked
Health0Profitability26Solvency33Growth58Stability0
23 / 100

Fragile profile — watch health in particular.

Health 0
Profitability 26
Solvency 33
Growth 58
Stability 0
Bankruptcy probability (12 mo) Checked model v1 · free

Bankruptcy opened

A bankruptcy procedure is already open — a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.

Risk Assessment rule-based
50 / 100
High risk
Components
· Open bankruptcy (+50)
Trust signals 1 signals
Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.
Administrative Flags 0 events
No administrative flags
Health barometer FY 2025 · computed
0 / 100 Critical
050100

Unlock the full score breakdown, per-year score history and the indicative credit limit from Starter.

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative — not credit advice.
Financial overview5 NBB filings
Annual accounts filed on 03-09-2025 with the NBB · fiscal year 2025 · micro
€-150k€-100k€-50k€0Operating result 2021: €-18k€-18kNet result 2021: €-20k€-20kOperating result 2022: €-35k€-35kNet result 2022: €-40k€-40kOperating result 2023: €-83k€-83kNet result 2023: €-88k€-88kOperating result 2024: €-132k€-132kNet result 2024: €-132k€-132kOperating result 2025: €-13k€-13kNet result 2025: €-14k€-14k20212022202320242025
Operating resultNet result
EBITDA
€-3k
+97.2% 21–25
Net profit
€-14k
+89.7% 21–25
Cash flow
€-4k
+97.0% 21–25
Total assets
€75k
+66.7% 21–25
Equity
€-266k
-5.4% 21–25
Working capital
€-270k
-8.7% 21–25
Employees (FTE)
5
0.0% 21–25
Staff costs
€191k
+12.0% 21–25
Debt
€341k
+14.7% 21–25
Debt ≤ 1y
€311k
+24.7% 21–25
Debt > 1y
€30k
-37.6% 21–25
Current ratio
0.13
+5225.0% 21–25
Quick ratio
0.13
+5225.0% 21–25
Solvency
-354.3%
+36.8% 21–25
Debt / equity
-1.28
-8.8% 21–25
ROE
5.1%
-90.2% 21–25
ROA
-18.1%
+93.8% 21–25
Interest coverage
-14.85
+97.7% 21–25
Figures by fiscal year
Fiscal year2025
Revenue—
EBITDA€-3k
Net profit€-14k
Cash flow€-4k
Staff costs€191k
Income taxes—
Dividends—
Total assets€75k
Equity€-266k
Debt€341k
of which ≤ 1y€311k
of which > 1y€30k
Working capital€-270k
Employees (FTE)4.6
Ratios (computed)
2025
Current ratio0.13
Quick ratio0.13
Working capital ratio-360.3%
Solvency-354.3%
Debt / equity-1.28
Long-term debt ratio-0.11
Interest coverage-14.85
Gross margin—
Net margin—
ROA-18.1%
ROE5.1%
EBITDA margin—
Days sales outstanding—
Days payable outstanding—
Inventory turnover—
Days inventory (DSI)—
Balance-sheet composition 2025
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2025
Balance sheet — Assets
TOTAL ASSETS 20/58€75k
Fixed assets 21/28€34k
Tangible fixed assets 22/27€7k
Financial fixed assets 28€27k
Current assets 29/58€41k
Amounts receivable within one year 40/41€38k
Cash & bank 54/58€2k
Balance sheet — Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€75k
Equity 10/15€-266k
Contributions / capital 10/11€28k
Accumulated profits (losses) 14€-294k
Amounts payable 17/49€341k
Amounts payable after one year 17€30k
Amounts payable within one year 42/48€311k
Trade debts payable within one year 44€27k
Income statement
Gross operating margin 9900€194k
Operating result 9901€-13k
Financial income 75€0
Financial charges 65€228
Result before taxes 9903€-14k
Net result for the period 9904€-14k
Result to be appropriated 9905€-14k
You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.
Directors & mandates1 person
Role Name Tenure Source
Curator INGE VANHOUTTE
HEIDEBAAN 130E, 9100 SINT- NIKLAAS
 23-09-2025 → present Belgian State Gazette
Legal Structure
NACE primary Accommodation(55100)
Legal form Private limited company(610)
Incorporation25-03-2020
StatusActive
Postal code9140
First BS signal 29-09-2025
Latest BS signal 29-09-2025
Company structure — linked entities1 linked entities
Four Star BornemBE 0745.622.964INGE VANHOUTTEReceiver ↔ 148Verheyen, DidierGroup LeysenTOM & HEIDI'S
Mandates
↔ 1 of these mandate-holders are active on other cases — click any red card to open that KBO.
Establishment units 1 location
De Notelaer
Luxemburgstraat 20, 9140 TemseHotels en dergelijke accommodatie
since 20202.300.518.514
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates — not a deeds register.

Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
46025B0179/09E000 Flanders 7,219 m² 1 · 1,412 m² 16.4 m · 4 fl.
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data — this is not proof of ownership.
Updates 9 events

A single timeline of everything that happened to this company — publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2025
29-09-2025
Bankruptcy Opening
Ondernemingsrechtbank Gent, afdeling Dendermonde · FOUR STAR BORNEM BV LUXEMBURGSTRAAT 20, 9140 TEMSE · event 23-09-2025
09-09-2025
State Gazette act Registered-office change
03-09-2025
NBB filing Annual accounts filed
fiscal year 2025 · micro
03-09-2025
NBB filing Annual accounts filed
fiscal year 2024 · micro
05-08-2025
State Gazette act Director changes
2024
07-05-2024
NBB filing Annual accounts filed
fiscal year 2023 · micro
2022
26-10-2022
NBB filing Annual accounts filed
fiscal year 2022 · micro
12-04-2022
State Gazette act Director changes
2021
26-10-2021
NBB filing Annual accounts filed
fiscal year 2021 · micro
Lifecycle & Insolvency Signals 1 events
29-09-2025
Bankruptcy Opening
Date: 23-09-2025 · Ondernemingsrechtbank Gent, afdeling Dendermonde · FOUR STAR BORNEM BV LUXEMBURGSTRAAT 20, 9140 TEMSE · Publications in State Gazette ↗
Time machine — BS events + macro context 2021 — 2026
COVID lockdownEnergiecrisisECB hikes2021202220232024202520262025-09-29 · Bankruptcy · Opening
Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023–2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event
Belgisch Staatsblad — acts 3 acts
Address history · 1
09-09-2025
Registered-office move
All acts · 3 updated 9 months ago
2025
09-09-2025 Registered office moved from Bornem to Temse Registered-office change
  • Stationsplein (BOR) 2, 2880 Bornem → Luxemburgstraat 20, 9140 Temse
Technical details 
{
  "events": [
    {
      "kind": "zetel_transfer",
      "seat_type": "siege_social",
      "new_address": {
        "raw": "Luxemburgstraat 20, 9140 Temse",
        "city": "Temse",
        "region": "vlaams_gewest",
        "street": "Luxemburgstraat",
        "country": "BE",
        "postcode": "9140",
        "box_number": null,
        "street_number": "20",
        "locality_suffix": null
      },
      "old_address": {
        "raw": "Stationsplein (BOR) 2, 2880 Bornem",
        "city": "Bornem",
        "region": "vlaams_gewest",
        "street": "Stationsplein",
        "country": "BE",
        "postcode": "2880",
        "box_number": null,
        "street_number": "2",
        "locality_suffix": "(BOR)"
      },
      "effective_date": "2025-08-01",
      "evidence_quote": "",
      "region_changed": false,
      "is_statute_change": true,
      "nationality_change": false,
      "old_address_source": "header_volledig_adres",
      "statute_clause_text": null,
      "statute_article_number": null,
      "effective_date_qualifier": "absolute",
      "statutaire_vs_werkelijke": "statutaire",
      "linguistic_region_changed": false,
      "court_jurisdiction_changed": false,
      "effective_date_is_approximate": false
    }
  ],
  "notary": {
    "name": null,
    "firm_city": null,
    "firm_name": null,
    "office_city": null,
    "is_associated": false
  },
  "act_meta": {
    "language": "nl",
    "pub_date": "2025-09-09",
    "filing_date": "2025-09-02",
    "act_kind_objet": "Zetel (zetelverplaatsing)"
  },
  "decision": {
    "body": "bijzondere_algemene_vergadering",
    "date": "2025-08-01",
    "unanimous": null
  },
  "subject_company": {
    "kbo": "0745.622.964",
    "name_full": "Four Star Bornem",
    "legal_form": "BV"
  },
  "publication_proxy": {
    "kind": "person",
    "org_kbo": null,
    "org_name": null,
    "person_name": "Gopal Simkhada",
    "org_rep_person_name": null,
    "person_role_at_subject": "Bestuurder"
  },
  "co_filed_documents": [
    "het verslag van het bestuursorgaan dd. 01/08/2025",
    "de notulen van de algemene vergadering dd. 01/08/2025"
  ]
}
05-08-2025 4 resigning Director changes
  • Kumar Shrestha Arjun — Bestuurder
  • Dinesh Bhandari — Bestuurder
  • Kumar Shrestha Arjun — Dagelijks bestuur
  • Dinesh Bhandari — Dagelijks bestuur
Technical details 
{
  "events": [
    {
      "kind": "director_out",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "Kumar Shrestha Arjun",
        "address": "8200 Brugge Torhoutse Steenweg 236",
        "birth_date": null,
        "profession": null,
        "birth_place": null
      },
      "reason": "end_of_term",
      "subkind": null,
      "via_org": null,
      "statutory": "niet_statutair",
      "compensated": null,
      "effective_date": "2025-03-01",
      "evidence_quote": "De algemene vergadering beslist tot het ontslag van Kumar Shrestha Arjun, met woonplaats te 8200 Brugge Torhoutse Steenweg 236, als niet-statutaire bestuurder, en dit met ingang op 01/03/2025.",
      "decharge_status": "granted",
      "mandate_duration": null,
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": "immediate"
    },
    {
      "kind": "director_out",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "Dinesh Bhandari",
        "address": "3000 Leuven Noormannenstraat 58",
        "birth_date": null,
        "profession": null,
        "birth_place": null
      },
      "reason": "end_of_term",
      "subkind": null,
      "via_org": null,
      "statutory": "niet_statutair",
      "compensated": null,
      "effective_date": "2025-03-01",
      "evidence_quote": "De algemene vergadering beslist tot het ontslag van Dinesh Bhandari, met woonplaats te 3000 Leuven Noormannenstraat 58, als niet-statutaire bestuurder, en dit met ingang op 01/03/2025.",
      "decharge_status": "granted",
      "mandate_duration": null,
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": "immediate"
    },
    {
      "kind": "director_out",
      "role": "dagelijks_bestuur",
      "person": {
        "rrn": null,
        "name": "Kumar Shrestha Arjun",
        "address": "8200 Brugge Torhoutse Steenweg 236",
        "birth_date": null,
        "profession": null,
        "birth_place": null
      },
      "reason": "end_of_term",
      "subkind": null,
      "via_org": null,
      "statutory": null,
      "compensated": null,
      "effective_date": "2025-03-01",
      "evidence_quote": "Het bestuursorgaan beslist tot het ontslag van Kumar Shrestha Arjun, met woonplaats te 8200 Brugge Torhoutse Steenweg 236, als persoon belast met dagelijks bestuur met ingang op : 01/03/2025.",
      "decharge_status": null,
      "mandate_duration": null,
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": "immediate"
    },
    {
      "kind": "director_out",
      "role": "dagelijks_bestuur",
      "person": {
        "rrn": null,
        "name": "Dinesh Bhandari",
        "address": "3000 Leuven Noormannenstraat 58",
        "birth_date": null,
        "profession": null,
        "birth_place": null
      },
      "reason": "end_of_term",
      "subkind": null,
      "via_org": null,
      "statutory": null,
      "compensated": null,
      "effective_date": "2025-03-01",
      "evidence_quote": "Het bestuursorgaan beslist tot het ontslag van Dinesh Bhandari, met woonplaats te 3000 Leuven Noormannenstraat 58, als persoon belast met dagelijks bestuur met ingang op 01/03/2025.",
      "decharge_status": null,
      "mandate_duration": null,
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": "immediate"
    },
    {
      "kind": "decharge_granted",
      "role": null,
      "person": {
        "rrn": null,
        "name": "Kumar Shrestha Arjun",
        "address": null,
        "birth_date": null,
        "profession": null,
        "birth_place": null
      },
      "reason": null,
      "subkind": null,
      "via_org": null,
      "statutory": null,
      "compensated": null,
      "effective_date": null,
      "evidence_quote": "De algemene vergadering verleent deze persoon kwijting voor de uitoefening van diens mandaat.",
      "decharge_status": "granted",
      "mandate_duration": null,
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": null
    },
    {
      "kind": "decharge_granted",
      "role": null,
      "person": {
        "rrn": null,
        "name": "Dinesh Bhandari",
        "address": null,
        "birth_date": null,
        "profession": null,
        "birth_place": null
      },
      "reason": null,
      "subkind": null,
      "via_org": null,
      "statutory": null,
      "compensated": null,
      "effective_date": null,
      "evidence_quote": "De algemene vergadering verleent deze persoon kwijting voor de uitoefening van diens mandaat.",
      "decharge_status": "granted",
      "mandate_duration": null,
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": null
    },
    {
      "kind": "substantive_delegation",
      "role": null,
      "person": null,
      "reason": null,
      "subkind": null,
      "via_org": {
        "kbo": "0821.247.827",
        "name": "BV TaxCalCul",
        "address": "2650 Edegem, Zomerlei 11",
        "country": "BE",
        "legal_form": "BV"
      },
      "statutory": null,
      "compensated": null,
      "effective_date": null,
      "evidence_quote": "De algemene vergadering verleent volmacht aan BV TaxCalCul, rechtspersoon met zetel te 2650 Edegem, Zomerlei 11, RPR Antwerpen afdeling Antwerpen, gekend in de KBO onder nummer 0821.247.827, en aan diens aangestelden, voor onbepaalde tijd en tot aan de uitdrukkelijke herroeping, voor wat betreft de ",
      "decharge_status": null,
      "mandate_duration": {
        "kind": "indefinite",
        "value": null
      },
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": null
    }
  ],
  "notary": {
    "name": null,
    "firm_city": null,
    "firm_name": null,
    "office_city": null,
    "is_associated": false
  },
  "act_meta": {
    "language": "nl",
    "pub_date": "2025-08-05",
    "filing_date": "2025-07-29",
    "act_kind_objet": "Onderwerp akte:"
  },
  "decisions": [
    {
      "body": "algemene_vergadering",
      "date": "2025-02-28",
      "unanimous": null
    },
    {
      "body": "raad_van_bestuur",
      "date": "2025-01-28",
      "unanimous": null
    }
  ],
  "is_correction": false,
  "subject_company": {
    "kbo": "0745.622.964",
    "name_full": "Four Star Bornem",
    "legal_form": "BV"
  },
  "publication_proxy": {
    "kind": "person",
    "org_kbo": null,
    "org_name": "BV TaxCalCul",
    "person_name": "Jan Verhelst",
    "org_rep_person_name": null,
    "person_role_at_subject": "Bestuurder"
  },
  "co_filed_documents": [
    "de notulen van de algemene vergadering dd. 28/02/2025"
  ],
  "corrected_publication_numac": null
}
2022
12-04-2022 1 director appointed, 1 resigning Director changes
  • SIMKHADA Gopal — Bestuurder
  • Dahal Yam Lal — Bestuurder
Technical details 
{
  "events": [
    {
      "kind": "director_out",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "Dahal Yam Lal",
        "address": "Stationsplein 2, 2880 Bornem",
        "birth_date": null,
        "profession": null,
        "birth_place": null
      },
      "reason": "de_plein_droit_dissolution",
      "subkind": "regular",
      "via_org": null,
      "statutory": null,
      "compensated": null,
      "effective_date": "2022-03-31",
      "evidence_quote": "De algemene vergadering neemt akte van het ontslag uit de functie van bestuurder dat werd ingediend door Dahal Yam Lal, Stationsplein 2, 2880 Bornem.",
      "decharge_status": null,
      "mandate_duration": null,
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": null
    },
    {
      "kind": "director_in",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "SIMKHADA Gopal",
        "address": "Willem Coosemansstraat 99 b 202, 3010 Kessel-Lo",
        "birth_date": null,
        "profession": null,
        "birth_place": null
      },
      "reason": null,
      "subkind": "regular",
      "via_org": null,
      "statutory": null,
      "compensated": false,
      "effective_date": "2022-04-01",
      "evidence_quote": "De vergadering beslist als nieuwe bestuurder(s) te benoemen: SIMKHADA Gopal, Willem Coosemansstraat 99 b 202, 3010 Kessel-Lo.",
      "decharge_status": null,
      "mandate_duration": {
        "kind": "indefinite",
        "value": null
      },
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": null
    }
  ],
  "notary": {
    "name": null,
    "firm_city": null,
    "firm_name": null,
    "office_city": null,
    "is_associated": false
  },
  "act_meta": {
    "language": "nl",
    "pub_date": "2022-04-12",
    "filing_date": "2022-04-05",
    "act_kind_objet": "Onderwerp akte:"
  },
  "decisions": [
    {
      "body": "bijzondere_algemene_vergadering",
      "date": "2022-03-24",
      "unanimous": true
    }
  ],
  "is_correction": false,
  "subject_company": {
    "kbo": "0745.622.964",
    "name_full": "Four Star Bornem",
    "legal_form": "BV",
    "_kbo_filled_from_list": true
  },
  "publication_proxy": {
    "kind": "person",
    "org_kbo": null,
    "org_name": null,
    "person_name": "Shrestha Arjun Kumar",
    "org_rep_person_name": null,
    "person_role_at_subject": "voorzitter"
  },
  "co_filed_documents": [
    "notulen"
  ],
  "corrected_publication_numac": null
}
Credit advice verdict per customer and amount

Should this customer buy amount X on invoice? Enter the amount and payment terms — you get an instant GREEN/AMBER/RED verdict, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
AI due-diligence brief Checked AI

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Company registry (CBE) Crossroads Bank
Activities
Hotels en dergelijke accommodatie55100Hotels en dergelijke accommodatie55100Eetgelegenheden met volledige bediening56101Activiteiten van eetgelegenheden met volledige bediening56111
Primary activity highlighted.
Names & trade names
Legal nameNL Four Star Bornem
Trade nameNL Hotel/Restaurant De Notelaer
Registered office
Luxemburgstraat 20
9140 Temse, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative