Hotel Development Belzan

The computed 12-month bankruptcy probability of Hotel Development Belzan is 2.1% (moderate). The 2025 annual accounts show negative equity (-€74,983) and a net result of -€17,229. Equity is shrinking by about 47% per year across the filed financial years. Its solvency ranks better than 5% of 494 sector peers (NACE 55, financial year 2025). The company has been active since 2019 and the Belgian Official Gazette contains no insolvency or warning signals.