Turnover
≈ €600 estimated
The micro format states no turnover.
Four Stars Ostend
Lifetime
1 annual account with figuresGross marginpeak €223 (2025)
€223
Resultlowest -€118 (2025)
-€118
Equitypeak €882 (2025)
€882
Debts
€3.0m
Board3 names since 2024
1 directorVanderkerchkove Michiel
Owners
Documentsfilings and deeds
20-08-202620 days late
2025micro format
Loss of €118Company renamed from HOTEL MARCEL to FOUR STARS OSTEND 27-05Registered office moved from Bruges to Ostend 18-04Registered office moved within Bruges 14-01First year with figures
Key points
from the 2025 annual accountsDebts
€3.0m 100% of the balance sheet
Position in the sector
€3.0m
Larger balance sheet than 93% of companies in real estate. Sector median €410,875 · 17,166 companies.
2025 accounts filed 20 days after the deadline
Checked score
51
Fair
Financially stronger than 17% of small companies in real estate (NACE 68)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
2.2% Moderate
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.1% across 6,995 companies (NACE 68, small).
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
06-2025: 1.9%lowest value
07-2025: 1.9%● unchanged vs 06-2025
08-2025: 1.9%● unchanged vs 07-2025
09-2025: 2.1%▲ +0.2 percentage points vs 08-2025
10-2025: 2.1%● unchanged vs 09-2025
11-2025: 2.4%▲ +0.3 percentage points vs 10-2025
12-2025: 2.5%▲ +0.1 percentage points vs 11-2025
01-2026: 2.5%● unchanged vs 12-2025
02-2026: 2.4%▼ -0.1 percentage points vs 01-2026
03-2026: 2.5%▲ +0.1 percentage points vs 02-2026
04-2026: 2.6%▲ +0.1 percentage points vs 03-2026
05-2026: 2.7%▲ +0.1 percentage points vs 04-2026highest value
06-2026: 2.7%● unchanged vs 05-2026highest value
07-2026: 2.7%● unchanged vs 06-2026
08-2026: 2.7%● unchanged vs 07-2026
09-2026: 2.2%▼ -0.5 percentage points vs 08-2026
10-2026: 2.2%● unchanged vs 09-2026
11-2026: 2.2%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Liquidity: current ratio 0.00, cash €3
1 change of registered office in 24 months
No registered site in the KBO
lowers risk
Sector: Real estate activities (NACE 68)
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 68, small). It does better than 15% of them on solvency, 0% on liquidity and 34% 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 moderate class on 30-06-2025, 2.4% 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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Seven signals.
lowers riskraises risk
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 17162 sector peers (2025).
NBB · sector comparisonPosition among 17162 sector peers
Solvency
better than 20%
← weakest
strongest →
raises risk · Young company
Founded in 2024, 2 years ago. Young companies fail more often than established ones; the risk is highest 2 to 8 years after founding.
KBO · incorporation dateAge against the risk zone
raises risk · 2025 accounts filed 20 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 20-08-2026, 20 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
20 days late
← before the deadline
after the deadline →
Searched, nothing found (1)
Board and ownership
VM
Vanderkerchkove Michiel
Director
- NextGen Group 100%equity €1.2m (2025) · 30-06-2024 annual accounts of NextGen Group
- VVH OB 100%deed of 19-10-2026
Recent changes
Merger proposal: to be absorbed by VVH OB BV
Permanent representative: Alisa Rekhova · VVH OB BV holds all the shares · Gazette deed
Merger proposal: Four Stars Ostend takes over Bervanco
The company holds all the shares of Bervanco · Gazette deed
Merger proposal: Four Stars Ostend takes over Bervanco NV
The company holds all the shares of Bervanco NV · Gazette deed
Merger proposal: Four Stars Ostend takes over Bervanco
Permanent representatives: Michiel Vandekerckhove and Matthias Vandekerckhove · The company holds all the shares of Bervanco · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | Total assets | Gross margin | Solvency | Staff |
|---|---|---|---|---|
| Four Stars Ostend Ostend | €3.0m | €223 | 0.0% | - |
| Mon Namur Brussels | €3.3m | -€17,597 | -9.6% | - |
| Lereim Aalst | €2.7m | -€83,396 | -8.1% | - |
| Grote Markt Antwerpen Edegem | €2.5m | -€237,169 | -3.1% | - |
| AGD Invest Hooglede | €2.5m | -€7,740 | 5.5% | - |
| UNICA-M Leuven | €2.9m | -€17,546 | -9.7% | - |
| MDC Hakendover Tienen | €2.1m | -€12,130 | 14.6% | - |
These companies have the same main activity as Four Stars Ostend: renting and operating of own or leased residential real estate, excluding social housing (NACE 68201). They are comparable in size and age: total assets between €2.1m and €3.3m, founded between 2023 and 2024.
Official details
Source: KBO- Status
- Active since 07-05-2024Normal situation
- Registered office
- 11 active companies are registered at this address1 started in the 12 months before. Source: KBO register, as of 5 November 2026.
- Activity
- Renting and operating of own or leased residential real estate, excluding social housingNACE 68201
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Insights on Four Stars Ostend
The computed 12-month bankruptcy probability of Four Stars Ostend is 2.2% (moderate). The 2025 annual accounts show equity of €882 and a net result of -€118.
Its solvency ranks better than 20% of 17,162 sector peers (NACE 68, 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 Four Stars Ostend
- What is the company number of Four Stars Ostend?
- The company number of Four Stars Ostend is 1009.191.661. The VAT number is the same number with BE in front: BE 1009.191.661.
- Where is Four Stars Ostend based?
- The registered office is at Hofstraat 1a, 8400 Ostend.Company details
- What does Four Stars Ostend do?
- According to the KBO register, the main activity is renting and operating of own or leased residential real estate, excluding social housing (NACE 68201).
- What is the legal form of Four Stars Ostend?
- Four Stars Ostend is a private limited company (BV).
- When was Four Stars Ostend founded?
- Four Stars Ostend was founded on 07-05-2024.
- Is Four Stars Ostend still active?
- Yes, Four Stars Ostend is an active enterprise in the KBO register.
- What is the turnover of Four Stars Ostend?
- The turnover in financial year 2025 is ≈ €600. This figure is estimated from the gross margin of €223 and 34 comparable companies (NACE 68201). It probably lies between €400 and €960. It is a rough estimate.Financials
- Is Four Stars Ostend profitable?
- In financial year 2025, Four Stars Ostend made a loss of €118.
- Where can I find the annual accounts of Four Stars Ostend?
- Four Stars Ostend filed 1 annual account with the National Bank of Belgium, for financial year 2025.
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