Equity
€2.0m ▲ 18.8%
HOTEL NIVELLES - SUD has made a profit without a break since 2021.
HOTEL NIVELLES - SUD
Lifetime
20 annual accounts with figures on one time axis, 35 filings since 1991peak €9.6m (2024)
€9.2m▼ 3.7%
lowest -€1.3m (2020)
€366,670▼ 50.2%
peak €2.1m (2017)
€2.0m▲ 18.8%
€17.9m▼ 0.9%
peak 125.1 FTE (2023)
124.3 FTE▲ 1.3%
Board4 names since 2018
-
Owners
99.2%Immo - Willambroux
Documentsfilings and deeds
25-08-202625 days late
2025financial year
Result from €736,381 to €366,670Equity from €1.7m to €2.0mCash from €581,508 to €349,197
Key points
from the 2025 annual accountsResult
€366,670 ▼ 50.2%
The result fell in 2025 from €736,381 to €366,670.
Turnover
≈ €16.0m estimated
The accounts state no turnover.
Debts
€17.9m 90% of the balance sheet
Financial debts 66%Suppliers 9%Taxes and wages 3%Other 22%
Of this, €6.1m falls due within a year.
Staff
134 employees on 31-12-2025
In 2025, 1,248 short contracts started and 1,273 ended, on average 158 hours worked per contract. Staff averaged 124 full-time equivalents.
Filings
35 annual accounts since 1991
Nine of the last ten came late. The 2019 accounts came latest: 62 days after the end of the period.
Checked score
68
Healthy
Financially stronger than 53% of medium-sized companies in accommodation (NACE 55)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
0.9% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.4% across 111 companies (NACE 55, medium-sized).
About 9 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.5%
01-2025: 0.5%● unchanged vs 12-2024
02-2025: 0.5%● unchanged vs 01-2025
03-2025: 0.5%● unchanged vs 02-2025lowest value
04-2025: 0.5%● unchanged vs 03-2025
05-2025: 0.5%● unchanged vs 04-2025
06-2025: 0.6%▲ +0.1 percentage points vs 05-2025
07-2025: 0.8%▲ +0.2 percentage points vs 06-2025
08-2025: 1.1%▲ +0.3 percentage points vs 07-2025
09-2025: 0.9%▼ -0.2 percentage points vs 08-2025
10-2025: 0.9%● unchanged vs 09-2025
11-2025: 0.9%● unchanged vs 10-2025
12-2025: 0.9%● unchanged vs 11-2025
01-2026: 0.9%● unchanged vs 12-2025
02-2026: 0.9%● unchanged vs 01-2026
03-2026: 0.9%● unchanged vs 02-2026
04-2026: 0.9%● unchanged vs 03-2026
05-2026: 0.9%● unchanged vs 04-2026
06-2026: 0.9%● unchanged vs 05-2026
07-2026: 0.9%● unchanged vs 06-2026
08-2026: 1.5%▲ +0.6 percentage points vs 07-2026highest value
09-2026: 0.9%▼ -0.6 percentage points vs 08-2026
10-2026: 0.9%● unchanged vs 09-2026
11-2026: 0.9%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
Liquidity: current ratio 0.71, cash €349,197
Equity €2.0m (10.0% of total assets)
Size: 124.3 FTE, total assets €19.9m
lowers risk
Founded in 1991
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, medium-sized). It does better than 41% of them on solvency, 29% on liquidity, 56% on profitability and 85% on growth.
The bankruptcy probability was computed on 07-11-2026 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 low class on 30-06-2025, 0.8% 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, 733 companies had the same profile as HOTEL NIVELLES - SUD has now. Each dot stands for 2 companies, two years later.
97.4%
were still trading
1.4%
stopped another way
1.0%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of HOTEL NIVELLES - SUD itself: 0.9% 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 733 companies, not a prediction for HOTEL NIVELLES - SUD. 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 €130,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.71 (0.69 in 2024), below 1. Short-term debt is 30.6% and cash 1.8% of total assets. 90% 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
Six signals.
lowers riskraises risk
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €2.0m
raises risk · 2025 accounts filed 25 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-08-2026, 25 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
25 days late
2024
31 days late
2023
30 days late
2022
31 days late
2021
30 days late
2020
18 days late
2019
62 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 32 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 31 August (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
08-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
last known board- Immo - Willambroux 99.2%score 92equity €12.0m (2025) · 2025 annual accounts of Immo - Willambroux
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0443328206
1 director appointed, 2 resignations, 2 reappointments
Resignations: IMMO-WILLAMBROUX and WOHRMANN Bob, Johannes · Reappointments: IMMO-WILLAMBROUX and WOHRMANN Bob, Johannes · Permanent representative: WOHRMANN Albertus, Theodorus · General meeting of 28-12-2023 · Gazette deed
Appointment: IMMO-WILLAMBROUX (managing director)
Permanent representative: Albertus Wohrmann · General meeting of 08-03-2023 · Gazette deed
Resignation: Mathieu Wohrmann (director)
General meeting of 18-10-2022 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| HOTEL NIVELLES - SUD Nivelles | €19.9m | €9.2m | 10.0% | 124.3 |
| HOTEL RESTAURANT CHARLEROI AIRPORT Charleroi | €9.5m | €5.9m | 40.7% | 71.1 |
| WESTHOEK HOTELS - YPRES LODGES Ypres | €7.4m | €3.8m | 18.0% | 83 |
| HOTEL SPA RESORT Spa | €14.4m | €4.8m | 34.5% | 49.9 |
| HOTEL RESTAURANT VERVIERS Verviers | €15.2m | €4.5m | 40.5% | 62.9 |
| DOLCE LA HULPE La Hulpe | €30.0m | - | 8.2% | 161.7 |
| CONGRES HOTEL VAN DER VALK MONS Mons | €17.5m | €7.7m | 37.3% | 82 |
These companies have the same main activity as HOTEL NIVELLES - SUD: hotels and similar accommodation (NACE 55100). They are comparable in size and age: total assets between €7.4m and €30m, founded between 1983 and 2013.
Official details
Source: KBO- Status
- Active since 08-02-1991Normal situation
- Registered office
- 12 active companies are registered at this address1 started in the 12 months before. Source: KBO register, as of 7 November 2026.
- Activity
- Hotels and similar accommodationNACE 55100and 1 other
- Establishment unit
- 2.051.936.2181400 Nivelles, since 18-03-1991
- Financial year end
- 31 December
- Peppol
- Reachable since 21-10-2026
Annual accounts 2025
- €19.9m▲ 0.8%
- Employeeson 31-12-2025
- 134▼ 15.7%
- Filing
- Filed on 25-08-2026
Insights on HOTEL NIVELLES - SUD
HOTEL NIVELLES - SUD has existed since 1991. The gross margin grew from €2.0m in 2006 to €9.2m in 2025 and staff from 53.9 to 124.3 full-time equivalents.
Immo - Willambroux holds 99.2% 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 NIVELLES - SUD
- What is the company number of HOTEL NIVELLES - SUD?
- The company number of HOTEL NIVELLES - SUD is 0443.328.206. The VAT number is the same number with BE in front: BE 0443.328.206.
- Where is HOTEL NIVELLES - SUD based?
- The registered office is at Chaussée de Mons 22, 1400 Nivelles.Company details
- What does HOTEL NIVELLES - SUD do?
- According to the KBO register, the main activity is hotels and similar accommodation (NACE 55100).
- What is the legal form of HOTEL NIVELLES - SUD?
- HOTEL NIVELLES - SUD is a public limited company (NV).
- When was HOTEL NIVELLES - SUD founded?
- HOTEL NIVELLES - SUD was founded on 08-02-1991.
- Is HOTEL NIVELLES - SUD still active?
- Yes, HOTEL NIVELLES - SUD is an active enterprise in the KBO register.
- How many employees does HOTEL NIVELLES - SUD have?
- HOTEL NIVELLES - SUD had an average of 124.3 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of HOTEL NIVELLES - SUD?
- The turnover in financial year 2025 is ≈ €16.0m. This figure is estimated from the gross margin of €9.2m and 1,586 comparable companies of the same size. It probably lies between €11.0m and €26.0m. It is a rough estimate.
- Is HOTEL NIVELLES - SUD profitable?
- In financial year 2025, HOTEL NIVELLES - SUD made a profit of €366,670.
- Where can I find the annual accounts of HOTEL NIVELLES - SUD?
- HOTEL NIVELLES - SUD filed 35 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of HOTEL NIVELLES - SUD due?
- HOTEL NIVELLES - SUD must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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