Hotel Development Oudenaarde
ActiveHotel Development Oudenaarde has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €182k and a net result of €125k. Equity is growing by ~4.7% per year across the filed fiscal years. Its solvency ranks better than 41% of 669 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2024
80
/ 100
Excellent▼ -3 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability63▲+9
Solvency36▼-19
Growth68=
Stability100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €15k at 30 days acceptable
Liquidity ample (current ratio 1.57 against 1.98 in 2023), but 81.7% of the assets are financed with debt.
Credit advice for your own amount and term
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
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
Sector 55
higher
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 02-07-2025, 29 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
29 d early
2023
13 d early
2022
34 d early
2021
23 d early
2020
12 d late
2019
55 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, abbreviated schema
Turnover
€2.64M▲ 5.4%
2023 · €2.50M
2018: €2.03M
2019: €2.25M
2020: €1.10M
2021: €1.66M
2022: €2.19M
2023: €2.50M
2018 → 2024
EBIT margin
6.3%▲ 4.1pp
2023 · 2.3%
2018: 2.5%
2019: 3.1%
2020: 0.3%
2021: 1.1%
2022: 1.4%
2023: 2.3%
2018 → 2024
Net result
€125k▲ 231%
2023 · €38k
2018: €32k
2019: €44k
2020: €-2k
2021: €-22k
2022: €19k
2023: €38k
2018 → 2024
Working capital
€331k▼ 17.7%
2023 · €402k
2018: €162k
2019: €-89k
2020: €42k
2021: €139k
2022: €276k
2023: €402k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€1.10M-€1.66M▲ 50.2%€2.19M▲ 31.9%€2.50M▲ 14.4%€2.64M▲ 5.4%
Equity€171k-€149k▼ 12.9%€168k▲ 12.5%€206k▲ 22.6%€182k▼ 11.5%
Operating result€4k-€17k▲ 391%€31k▲ 76.8%€56k▲ 82.8%€167k▲ 196%
Net result€-2k-€-22k▼ 848%€19k€38k▲ 103%€125k▲ 231%
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2024 is 196% above 2023 and is the highest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €998k
Fixed assets
€90k▲ 16.1%
Current assets
€907k▲ 11.9%
Equity and liabilities €998k
Equity
€182k▼ 11.5%
Debt
€816k▲ 19.4%
The debt ratio rises from 76.9% to 81.7%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€218k▲
2023 · €181k
Cash flow
€176k▲
2023 · €163k
Solvency
18.3%▼
2023 · 23.1%
Current ratio
1.57▼
2023 · 1.98
Quick ratio
1.55▼
2023 · 1.92
Debt / equity
4.48▲
2023 · 3.32
ROE
68.8%▲
2023 · 18.4%
ROA
12.6%▲
2023 · 4.3%
Interest coverage
81.33▲
2023 · 59.84
Debt
€816k▲
2023 · €683k
Debt ≤ 1 year
€576k▲
2023 · €409k
Debt > 1 year
€22k
Income taxes
€39k▲
2023 · €16k
Staff costs
€674k▲
2023 · €607k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€889k€998k▲
Fixed assets21/28€78k€90k▲
Intangible fixed assets21€1k-
Tangible fixed assets22/27€77k€90k▲
Plant, machinery and equipment23€40k€47k▲
Leasing and similar rights25-€27k
Other tangible fixed assets26€36k€16k▼
Current assets29/58€811k€907k▲
Stocks and contracts in progress3€25k€16k▼
Stocks30/36€25k€16k▼
Amounts receivable within one year40/41€571k€628k▲
Trade receivables40€31k€60k▲
Other amounts receivable41€540k€569k▲
Cash at bank and in hand54/58€211k€258k▲
Deferred charges and accrued income490/1€4k€5k▲
Equity and liabilities
Total equity and liabilities10/49€889k€998k▲
Equity10/15€206k€182k▼
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€6k€6k=
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Profit (loss) carried forward14€138k€114k▼
Amounts payable17/49€683k€816k▲
Amounts payable after more than one year17-€22k
Financial debts170/4-€22k
Amounts payable within one year42/48€409k€576k▲
Current portion of amounts payable after more than one year42-€5k
Trade debts44€286k€251k▼
Suppliers440/4€286k€251k▼
Taxes, remuneration and social security45€88k€113k▲
Taxes450/3€11k€11k▲
Remuneration and social security454/9€77k€102k▲
Other amounts payable47/48€35k€207k▲
Accrued charges and deferred income492/3€274k€217k▼
Income statement
Code20232024
Turnover70€2.50M€2.64M▲
Non-recurring operating income76A-€14k
Goods, raw materials, services and sundry goods60/61€1.75M€1.79M▲
Remuneration, social security and pensions62€607k€674k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€125k€50k▼
Other operating charges640/8€31k€20k▼
Gross operating margin9900€819k€911k▲
Operating profit (loss)9901€56k€167k▲
Financial charges65/66B€3k€3k▼
Recurring financial charges65€3k€3k▼
Profit (loss) for the period before taxes9903€53k€165k▲
Income taxes67/77€16k€39k▲
Profit (loss) for the period9904€38k€125k▲
Profit (loss) for the period to be appropriated9905€38k€125k▲
Appropriation of the result
Profit (loss) to be appropriated9906€138k€263k▲
Profit (loss) brought forward from the previous period14P€100k€138k▲
Profit to be distributed694/7-€149k
Return on contributions (dividend)694-€149k
Social balance
Average headcount (FTE)908712.414.5▲
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €125k ▲231%
Operating result €167k, net result €125k, both a record.
18-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Equity above €200kEq €206k ▲22.6%
2 profitable years in a row build equity to €206k.
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Back to profitnet €19k
Net result €19k after 2 loss-making years.
31-12
Financial
Equity above €150kEq €168k ▲12.5%
Equity rises from €149k to €168k.
08-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Weakest financial yearnet €-22k
Net result drops to €-22k, the lowest in the series; recovery starts the following year.
12-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 12 days late
2020
24-09
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 55 days late
2019
31-12
Financial
Equity above €150kEq €174k ▲34.3%
2 profitable years in a row build equity to €174k.
30-09
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 61 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 30 days late
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
05-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2024
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
13-03-2024
James MURPHY: Resigned as Director
21-01-2020
S.Ma.R.T. Support & Solutions: Resigned as Director
28-05-2015
Betty Houben: Resigned as Director
28-05-2015
Karin Savooy: Resigned as Director
Location & real-estate footprint
Registered office, Gent · 1 establishment unit since 2013
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Drongenplein 269031 GentGround area
4,888 m²
Building footprint
580 m²
Volume, LiDAR
7,163 m³
2 parcels, Flanders · tallest building 14.6 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Leopold Hotel Oudenaarde
since 20132.222.053.729
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45035C0016/00H000 | Flanders | 4,401 m² | 1 · 579 m² | 14.6 m · 4 fl. |
| 44017B0486/00D000 | Flanders | 487 m² | - | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Structure & network
Connections & network
4 connected companiesNetwork connections
Shared address
→
Shared address
→
Shared address
→
Shared address
→
Public money · subsidies and aid
Flemish government
2022 to 2025 · 5 entries · 3,298 EUR awarded · 3,298 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 1,298 EUR | 1,298 EUR |
| 2024 | 1 | 1,000 EUR | 1,000 EUR |
| 2023 | 1 | 500 EUR | 500 EUR |
| 2022 | 1 | 500 EUR | 500 EUR |
Schemes
Premie kwalificerend werkplekleren
Stagebonus (stopgezet)
Vlaams opleidingsverlof (VOV)
Recognitions · licences · registrations
Food safety, FASFC
1 siteOudenaarde2.222.053.729
Dual-learning approval
8 live approvals · 8 endedHotelreceptionist duaal (so)
Hulpkelner (vwo)
Hulpkelner duaal (so)
Keukenmedewerker (vwo)
Keukenmedewerker duaal (so)
Kok (vwo)
Show 2 more
Kok duaal (so)
Medewerker kamerdienst duaal (so)
Similar companies · same sector, comparable size
Exploitatiemaatschappij IDH
BE 0635.611.207
Gent · Eq €182k
MONTANA
BE 0419.286.656
De Panne · Eq €182k
HOSTELLERIE LA SAPINIERE
BE 0466.414.602
Vresse-sur-Semois · Eq €183k
Brafats
BE 0742.971.795
Lierneux · Eq €183k
VLAEMINCK & C°
BE 0828.297.846
Londerzeel · Eq €184k
Of 2,384 companies in sector 55100 we hold annual accounts for 1,507. 1,099 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded26-06-2013
Fiscal year end31-12
Abbreviation NL
HDO
Activities, NACEBEL
55100Hotels and similar accommodation
Sources
Crossroads Bank for EnterprisesNational Bank · 11 filingsAddress and cadastre registers
Data from official sources, last processed on 14-09-2026. Scores and ratios are computed by Checked and are not a credit decision.