HOTEL PRINCESS
ActiveSummary
HOTEL PRINCESS has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €921k and a net result of €216k. Equity is growing by ~23.9% per year across the filed fiscal years. Its solvency ranks better than 74% of 672 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
74
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability85=
Solvency82▲+10
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €65k at 30 days acceptable
Liquidity short (current ratio 0.57 against 0.39 in 2023; short-term debt: 24.8% and cash: 3.7% of total assets), and 43% 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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
57%
Return on assets
13.4%
Age of the figures
21 mo
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 22-07-2025, 9 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
9 d early
2023
1 d early
2022
on the day
2021
24 d early
2020
29 d early
2019
1 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€921k▲ 18.3%
2023 · €779k
2018: €255k
2019: €329k
2020: €340k
2021: €410k
2022: €601k
2023: €779k
2018 → 2024
Total assets
€1.62M▼ 2.7%
2023 · €1.66M
2018: €1.76M
2019: €1.67M
2020: €1.80M
2021: €1.69M
2022: €1.66M
2023: €1.66M
2018 → 2024
Net result
€216k▲ 2.8%
2023 · €210k
2018: €43k
2019: €76k
2020: €16k
2021: €159k
2022: €195k
2023: €210k
2018 → 2024
Working capital
€-174k▲ 36.9%
2023 · €-275k
2018: €-332k
2019: €-352k
2020: €-329k
2021: €-405k
2022: €-330k
2023: €-275k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€340k-€410k▲ 20.7%€601k▲ 46.4%€779k▲ 29.6%€921k▲ 18.3%
Operating result€74k-€253k▲ 244%€316k▲ 24.9%€332k▲ 5.1%€341k▲ 2.6%
Net result€16k-€159k▲ 916%€195k▲ 22.8%€210k▲ 8.0%€216k▲ 2.8%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2024 is 3% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.62M
Fixed assets
€1.39M ▼ 6.6%
Current assets
€227k ▲ 31.2%
Equity and liabilities €1.62M
Equity
€921k ▲ 18.3%
Provisions
€211 ▼ 80.0%
Debt
€694k ▼ 21.2%
Debt's share of the balance-sheet total falls from 53.0% to 43.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€471k▼
2023 · €483k
Cash flow
€346k▼
2023 · €361k
Current ratio
0.57▲
2023 · 0.39
Quick ratio
0.56▲
2023 · 0.38
Debt to equity
0.75▼
2023 · 1.13
ROE
23.5%▼
2023 · 27.0%
ROA
13.4%▲
2023 · 12.7%
Interest coverage
13.19▲
2023 · 11.82
Debt ≤ 1 year
€400k▼
2023 · €448k
Debt > 1 year
€293k▼
2023 · €432k
Income taxes
€98k▲
2023 · €88k
Staff costs
€466k▲
2023 · €434k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 64 lines
Balance sheet
Code20232024
Assets
Total assets20/58€1.66M€1.62M▼
Fixed assets21/28€1.49M€1.39M▼
Tangible fixed assets22/27€1.49M€1.39M▼
Land and buildings22€1.36M€1.27M▼
Plant, machinery and equipment23€71k€73k▲
Furniture and vehicles24€58k€45k▼
Financial fixed assets28€19€19=
Current assets29/58€173k€227k▲
Amounts receivable after more than one year29€100k€100k=
Other amounts receivable291€100k€100k=
Stocks and contracts in progress3€3k€3k=
Stocks30/36€3k€3k=
Amounts receivable within one year40/41€13k€52k▲
Trade receivables40€10k€8k▼
Other amounts receivable41€3k€44k▲
Cash at bank and in hand54/58€46k€60k▲
Deferred charges and accrued income490/1€11k€11k▲
Equity and liabilities
Total equity and liabilities10/49€1.66M€1.62M▼
Equity10/15€779k€921k▲
Contributions10/11€19k€0▼
Reserves13€716k€880k▲
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€716k€880k▲
Profit (loss) carried forward14€0€0=
Investment grants15€44k€42k▼
Provisions and deferred taxes16€1k€211▼
Deferred taxes168€1k€211▼
Amounts payable17/49€880k€694k▼
Amounts payable after more than one year17€432k€293k▼
Financial debts170/4€432k€293k▼
Amounts payable within one year42/48€448k€400k▼
Current portion of amounts payable after more than one year42€233k€176k▼
Financial debts43€30k€35k▲
Credit institutions430/8€30k€35k▲
Trade debts44€102k€93k▼
Suppliers440/4€102k€93k▼
Advances received on contracts in progress46€11k€27k▲
Taxes, remuneration and social security45€70k€68k▼
Taxes450/3€21k€20k▼
Remuneration and social security454/9€49k€48k▼
Other amounts payable47/48€2k€0▼
Accrued charges and deferred income492/3€794€618▼
Income statement
Code20232024
Remuneration, social security and pensions62€434k€466k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€151k€130k▼
Other operating charges640/8€58k€59k▲
Gross operating margin9900€974k€996k▲
Operating profit (loss)9901€332k€341k▲
Financial income75/76B€5k€8k▲
Recurring financial income75€5k€8k▲
Financial charges65/66B€41k€36k▼
Recurring financial charges65€41k€36k▼
Profit (loss) for the period before taxes9903€297k€313k▲
Transfer from deferred taxes780€845€845=
Income taxes67/77€88k€98k▲
Profit (loss) for the period9904€210k€216k▲
Profit (loss) for the period to be appropriated9905€210k€216k▲
Appropriation of the result
Profit (loss) to be appropriated9906€210k€216k▲
Transfer from equity791/2€2k€71k▲
Transfer to equity691/2€182k€216k▲
To other reserves6921€182k€216k▲
Profit to be distributed694/7€30k€71k▲
Return on contributions (dividend)694€30k€71k▲
Social balance
Average headcount (FTE)908710.210.9▲
The notes to these accounts (23 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
22-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €216k ▲2.8%
Operating result €341k, net result €216k, both a record.
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Equity above €500kEq €601k ▲46.4%
5 profitable years in a row build equity to €601k.
07-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
02-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Weakest financial yearnet €16k ▼79.5%
Net result drops to €16k, the lowest in the series; recovery starts the following year.
30-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
25-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
20-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
16-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 16 days late
2016
04-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Oostende · 3 establishment units since 2005
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.
Boekareststraat 78400 OostendeGround area
2,211 m²
Building footprint
1,183 m²
Volume, LiDAR
15,036 m³
3 parcels, Flanders · tallest building 28.7 m, ±7 floors. Linked by address, not a title deed.
3 establishment units
HOTEL PRINCESS
since 20052.147.578.218
HOTEL PRINCESS
since 20192.287.866.843
HOTEL PRINCESS
since 20222.334.162.171
3 parcels
Flanders
3
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35020B0057/00T000 | Flanders | 1,251 m² | 1 · 279 m² | 7.5 m · 2 fl. |
| 35013A0566/00M009 | Flanders | 536 m² | 1 · 535 m² | 28.7 m · 6 fl. |
| 35013A0566/00H008 | Flanders | 424 m² | 1 · 370 m² | 23.4 m · 7 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 2
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 274 EUR awarded · 274 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 274 EUR | 274 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Food safety, FASFC
1 siteOostende2.147.578.218
Legal Entity Identifier
648800K3CFM86AS14E56
Similar companies · same sector, comparable size
800-100
BE 1002.127.982
Blankenberge · Eq €921,118
OPO HOTEL
BE 0707.633.014
Brussel · Eq €920,586
LA GRIGNOTIERE
BE 0452.119.176
Tournai · Eq €922,485
HOTEL AUGUSTIN
BE 0466.540.801
Brussel · Eq €920,334
FIDICORE
BE 0895.895.166
Brussel · Eq €923,853
Of 2,394 companies in sector 55100 we hold annual accounts for 1,517. 970 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded24-03-2005
Fiscal year end31-12
Activities, NACEBEL 2025
55100Hotels and similar accommodation
55203Holiday cottages, homes and apartments
Sources
Crossroads Bank for EnterprisesNational Bank · 19 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.