Debts
€239,944 99% of the balance sheet
Suppliers 16%Taxes and wages 1%Other 83%
HOTEL GLENMORE
Lifetime
1 annual account with figuresGross marginpeak €203,732 (2025)
€203,732
Resultpeak €201,946 (2025)
€201,946
Equitypeak €2,946 (2025)
€2,946
Debts
€239,944
Board2 names since 2024
1 directorNextGen Group
Owners
Documentsfilings and deeds
27-08-202627 days late
2025micro format
First year with figures
Key points
from the 2025 annual accountsBoard
1 joined · 1 left
Board changed. Latest change 15-06-2026 · 1 in office.
Position in the sector
€201,946
Higher net result than 95% of companies in accommodation. Sector median €2,249 · 1,603 companies.
2025 accounts filed 27 days after the deadline
Checked score
17
Critical
Financially stronger than 43% of micro companies in accommodation (NACE 55)
Probability in this band: over 15.0%
Bankruptcy probability within 12 months
15.8% High
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.6% across 2,520 companies (NACE 55, micro).
About 1 in 6 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
07-2025: 5.9%lowest value
08-2025: 5.9%● unchanged vs 07-2025lowest value
09-2025: 6.2%▲ +0.3 percentage points vs 08-2025
10-2025: 6.7%▲ +0.5 percentage points vs 09-2025
11-2025: 7.0%▲ +0.3 percentage points vs 10-2025
12-2025: 7.6%▲ +0.6 percentage points vs 11-2025
01-2026: 7.6%● unchanged vs 12-2025
02-2026: 7.9%▲ +0.3 percentage points vs 01-2026
03-2026: 7.9%● unchanged vs 02-2026
04-2026: 7.9%● unchanged vs 03-2026
05-2026: 8.4%▲ +0.5 percentage points vs 04-2026
06-2026: 8.6%▲ +0.2 percentage points vs 05-2026
07-2026: 8.6%● unchanged vs 06-2026
08-2026: 15.1%▲ +6.5 percentage points vs 07-2026
09-2026: 15.8%▲ +0.7 percentage points vs 08-2026highest value
10-2026: 15.8%● unchanged vs 09-2026highest value
11-2026: 15.8%● unchanged vs 10-2026highest value
Financial strengthWeak
Score breakdown
raises risk
2 changes of registered office in 24 months
Founded in 2024
No registered site in the KBO
Liquidity: current ratio 1.01, cash €1
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 55, micro). It does better than 30% of them on solvency, 1% on liquidity and 97% on profitability.
The bankruptcy probability was computed on 04-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the high class on 30-06-2025, 14.6% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 2,157 companies had the same profile as HOTEL GLENMORE has now. Each dot stands for 6 companies, two years later.
94.1%
were still trading
2.8%
stopped another way
3.0%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of HOTEL GLENMORE itself is higher: 15.8% within 12 months. It rests on far more data about HOTEL GLENMORE than the profile alone.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 2,157 companies, not a prediction for HOTEL GLENMORE. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
No credit on open account
Liquidity is tight, with a current ratio of 1.01, below the usual 1.5. Short-term debt is 98.8% and cash 0% of total assets. 98.8% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
raises risk
raises risk · 2025 accounts filed 27 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 1 filingDeviation from the deadline
2025
27 days late
← before the deadline
after the deadline →
Searched, nothing found (1)
Board and ownership
- NextGen Group 100%equity €1.2m (2025) · 30-06-2024 annual accounts of NextGen Group
Recent changes
Registered office moved from Ostend to Oostkamp
New registered office: Veldegemsestraat 9, 8020 Oostkamp · Previous registered office: Hofstraat 1A, 8400 Oostende · Board meeting of 01-06-2026 · Gazette deed
1 director appointed, 1 resignation
Resignation: NextGen Group · Permanent representative: REKHOVA Alisa · Appointment: VANDEKERCKHOVE Marnix · Board meeting of 01-03-2026 · Gazette deed
Registered office moved from Bruges to Ostend
New registered office: Hofstraat 1A, 8400 Oostende · Previous registered office: Jakob van Ooststraat 8 bus 2, 8000 Brugge · Permanent representative: Allsa Rekhova · General meeting of 27-11-2024 · Gazette deed
Incorporation
Founding capital of €1,000, 100 shares · Founder: NEXTGEN GROUP (comparant,oprichter) · Appointment: NEXTGEN GROUP (director) · published on 25-06-2024 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | Total assets | Gross margin | Solvency | Staff |
|---|---|---|---|---|
| HOTEL GLENMORE Oostkamp | €242,889 | €203,732 | 1.2% | - |
| SP.CB Jalhay | €277,720 | €201,163 | 4.7% | - |
| BCS Brugge Bruges | €177,310 | €172,631 | 6.9% | - |
| Lex Projects Avelgem | €318,329 | €148,779 | 4.9% | - |
| SERVIGITES La Roche-en-Ardenne | €178,288 | €181,306 | -12.8% | 3.7 |
| NELSON ANTWERPEN Sint-Gillis (bij-Brussel) | €282,319 | €331,863 | -136.5% | 12.3 |
| HOTEL TER HEIDE Kaprijke | €161,574 | €234,793 | 51.1% | - |
These companies have the same main activity as HOTEL GLENMORE: hotels and similar accommodation (NACE 55100). They are comparable in size and age: total assets between €162,000 and €318,000, founded between 2023 and 2024.
Official details
Source: KBO- Status
- Active since 21-06-2024Normal situation
- Activity
- Hotels and similar accommodationNACE 55100
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Annual accounts 2025
- Turnover
- ≈ €510,000estimated
- Total assets
- €242,889
- Filing
- Filed on 27-08-2026
Insights on HOTEL GLENMORE
The computed 12-month bankruptcy probability of HOTEL GLENMORE is 15.8% (high). The 2025 annual accounts show equity of €2,946 and a net result of €201,946.
Its solvency ranks better than 31% of 1,601 sector peers (NACE 55, financial year 2025). The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about HOTEL GLENMORE
- What is the company number of HOTEL GLENMORE?
- The company number of HOTEL GLENMORE is 1010.597.567. The VAT number is the same number with BE in front: BE 1010.597.567.
- Where is HOTEL GLENMORE based?
- The registered office is at Veldegemsestraat 9, 8020 Oostkamp.Company details
- What does HOTEL GLENMORE do?
- According to the KBO register, the main activity is hotels and similar accommodation (NACE 55100).
- What is the legal form of HOTEL GLENMORE?
- HOTEL GLENMORE is a private limited company (BV).
- When was HOTEL GLENMORE founded?
- HOTEL GLENMORE was founded on 21-06-2024.
- Is HOTEL GLENMORE still active?
- Yes, HOTEL GLENMORE is an active enterprise in the KBO register.
- What is the turnover of HOTEL GLENMORE?
- The turnover in financial year 2025 is ≈ €510,000. This figure is estimated from the gross margin of €203,732 and 2,216 comparable companies of the same size. It probably lies between €340,000 and €790,000. It is a rough estimate.Financials
- Is HOTEL GLENMORE profitable?
- In financial year 2025, HOTEL GLENMORE made a profit of €201,946.
- Where can I find the annual accounts of HOTEL GLENMORE?
- HOTEL GLENMORE filed 1 annual account with the National Bank of Belgium, for financial year 2025.
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