Turnover
≈ €96,000 estimated
The accounts state no turnover.
HOTEL LA FORGE
Lifetime
20 annual accounts with figures on one time axis, 29 filings since 1997peak €259,208 (2008)
€26,697▼ 58.2%
lowest -€48,171 (2010)
-€3,760▼ €19,416
peak €564,551 (2008)
€474,740▼ 0.8%
€254,773▼ 3.6%
peak 5.1 FTE (2006)
-not published
Board3 names since 2020
3 directorsAlice LECOQ and 2 others
Owners
98.21%ALWA MANAGEMENT
Documentsfilings and deeds
21-09-202652 days late
2025financial year
Gross margin from €63,816 to €26,697Loss of €3,760
Key points
from the 2025 annual accountsFilings
29 annual accounts since 1997
Ten of the last ten came late. The 2019 accounts came latest: 98 days after the end of the period.
Checked score
87
Excellent
Financially stronger than 54% of micro companies in accommodation (NACE 55)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.6% across 2,522 companies (NACE 55, micro).
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.3%
01-2025: 0.3%● unchanged vs 12-2024
02-2025: 0.3%● unchanged vs 01-2025
03-2025: 0.3%● unchanged vs 02-2025
04-2025: 0.3%● unchanged vs 03-2025
05-2025: 0.3%● unchanged vs 04-2025
06-2025: 0.3%● unchanged vs 05-2025
07-2025: 0.4%▲ +0.1 percentage points vs 06-2025
08-2025: 0.6%▲ +0.2 percentage points vs 07-2025
09-2025: 0.7%▲ +0.1 percentage points vs 08-2025highest value
10-2025: 0.3%▼ -0.4 percentage points vs 09-2025
11-2025: 0.3%● unchanged vs 10-2025
12-2025: 0.3%● unchanged vs 11-2025
01-2026: 0.3%● unchanged vs 12-2025lowest value
02-2026: 0.3%● unchanged vs 01-2026
03-2026: 0.3%● unchanged vs 02-2026
04-2026: 0.3%● unchanged vs 03-2026
05-2026: 0.3%● unchanged vs 04-2026
06-2026: 0.3%● unchanged vs 05-2026
07-2026: 0.3%● unchanged vs 06-2026
08-2026: 0.5%▲ +0.2 percentage points vs 07-2026
09-2026: 0.6%▲ +0.1 percentage points vs 08-2026
10-2026: 0.3%▼ -0.3 percentage points vs 09-2026
11-2026: 0.3%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Last filed accounts filed 52 days late; 3 of the last 3 accounts late
Liquidity: current ratio 2.45, cash €19,605
lowers risk
Founded in 1997
Size: total assets €729,513
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 81% of them on solvency, 34% on liquidity, 56% on profitability and 45% on growth.
The bankruptcy probability was computed on 09-11-2026 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 very low class on 30-06-2025, 0.1% 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, 8,617 companies had the same profile as HOTEL LA FORGE has now. Each dot stands for 22 companies, two years later.
94.2%
were still trading
5.2%
stopped another way
0.4%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of HOTEL LA FORGE itself: 0.3% within 12 months.
Test of the method
The method was tested on the 497,447 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 8,617 companies, not a prediction for HOTEL LA FORGE. 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
Credit of up to €40,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.45 (2.32 in 2024), above the usual 1.5. Short-term debt is 34.4% and cash 2.7% of total assets. 34.9% 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.
lowers riskraises risk
raises risk · 2025 accounts filed 52 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 21-09-2026, 52 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 · 10 filingsDeviation from the deadline
2025
52 days late
2024
56 days late
2023
58 days late
2022
16 days late
2021
60 days late
2020
86 days late
2019
98 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 61 days after the deadline. In the sector (NACE 55), the median for financial year 2024 was 1 day before the deadline, and 45% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 25 September (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- ALWA MANAGEMENT 98.21%score 53equity -€446,458 (2025) · 30-06-2025 annual accounts of ALWA MANAGEMENT
Recent changes
3 directors reappointed
Walthère, dit Pierre, SCHEUREN (chair of the board); Alice LECOQ and ALWA MANAGEMENT · General meeting of 31-08-2020 · Gazette deed
2 establishments registered
Malmedy
Incorporation
published on 24-01-1997 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| HOTEL LA FORGE Malmedy | €729,513 | €26,697 | 65.1% | - |
| DE KEYSER Ronse | €706,267 | €22,338 | 66.9% | - |
| TIMELESS Aalst | €560,848 | €28,680 | 35.7% | - |
| DU SAULE - LE - FORESTIER Bouillon | €700,182 | €45,078 | 85.4% | - |
| SUN HOTEL Ixelles | €475,437 | €36,432 | 53.4% | - |
| JILANI Brussels | €465,841 | €24,603 | -46.6% | - |
| FREDIMEX Waimes | €640,373 | €63,406 | 16.6% | - |
These companies have the same main activity as HOTEL LA FORGE: hotels and similar accommodation (NACE 55100). They are comparable in size and age: total assets between €466,000 and €706,000, founded between 1991 and 2002.
Official details
Source: KBO- Status
- Active since 10-01-1997Normal situation
- Activity
- Hotels and similar accommodationNACE 55100and 2 others
- Establishment units
- 2.084.211.8784960 Malmedy, since 18-11-1997
- 2.084.211.9774960 Malmedy, since 18-11-1997
- Financial year end
- 31 December
- Peppol
- Reachable
Insights on HOTEL LA FORGE
HOTEL LA FORGE has existed since 1997. The gross margin fell from €259,208 in 2008 to €119,631 in 2009 and staff from 4.9 to 1.3 full-time equivalents.
ALWA MANAGEMENT holds 98.21% of the shares.
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 LA FORGE
- What is the company number of HOTEL LA FORGE?
- The company number of HOTEL LA FORGE is 0459.579.367. The VAT number is the same number with BE in front: BE 0459.579.367.
- Where is HOTEL LA FORGE based?
- The registered office is at Rue de la Warchenne 70, 4960 Malmedy.Company details
- What does HOTEL LA FORGE do?
- According to the KBO register, the main activity is hotels and similar accommodation (NACE 55100).
- What is the legal form of HOTEL LA FORGE?
- HOTEL LA FORGE is a public limited company (NV).
- When was HOTEL LA FORGE founded?
- HOTEL LA FORGE was founded on 10-01-1997.
- Is HOTEL LA FORGE still active?
- Yes, HOTEL LA FORGE is an active enterprise in the KBO register.
- What is the turnover of HOTEL LA FORGE?
- The turnover in financial year 2025 is ≈ €96,000. This figure is estimated from the gross margin of €26,697 and 1,231 comparable companies of the same size. It probably lies between €51,000 and €180,000. It is a rough estimate.Financials
- Is HOTEL LA FORGE profitable?
- In financial year 2025, HOTEL LA FORGE made a loss of €3,760.
- Where can I find the annual accounts of HOTEL LA FORGE?
- HOTEL LA FORGE filed 29 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of HOTEL LA FORGE due?
- HOTEL LA FORGE must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
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