KERLINGA
ActiveSummary
KERLINGA has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €14.3m and a net result of €3.2m. Equity is growing by ~24.5% per year across the filed fiscal years. Its solvency ranks better than 83% of 673 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability88▼-11
Solvency96▲+6
Growth78=
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,100,000 at 30 days acceptable
Liquidity ample (current ratio 2.53 against 2.97 in 2023; short-term debt: 20.5% and cash: 5.1% of total assets), and 28.9% of the assets are financed with debt.
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Signals
Six 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
71.1%
Return on assets
15.8%
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
Accommodation (NACE 55)
about 6% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 06-10-2025, 67 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
67 d late
2023
30 d late
2022
30 d late
2021
79 d late
2020
111 d late
2019
101 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 70 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 45% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
In the rankings
#1 company by total assets in Bredene, Accommodation and food service sector#1 company by equity in Bredene, Accommodation and food service sector#10 oldest company in Bredene, Accommodation and food service sector
Equity
€14.3m▲ 13.3%
2023 · €12.6m
Total assets
€20.1m▲ 3.5%
2023 · €19.4m
Net result
€3.2m▼ 31.8%
2023 · €4.7m
Working capital
€6.3m▼ 34.9%
2023 · €9.7m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 55, Accommodation, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€3.7m▲ 38.2%€5.7m▲ 54.4%€4.3m▼ 23.6%€5.4m▲ 24.6%€3.7m▼ 31.1%
Net result€3.1mabove the sector's middle half▲ 45.8%€4.8mabove the sector's middle half▲ 56.5%€3.7mabove the sector's middle half▼ 24.0%€4.7mabove the sector's middle half▲ 26.6%€3.2mabove the sector's middle half▼ 31.8%
Equity€5.9mabove the sector's middle half▲ 39.0%€8.2mabove the sector's middle half▲ 40.9%€10.2mabove the sector's middle half▲ 23.4%€12.6mabove the sector's middle half▲ 24.2%€14.3mabove the sector's middle half▲ 13.3%
Total assets€15.4mabove the sector's middle half▲ 3.1%€19.4mabove the sector's middle half▲ 25.5%€17.1mabove the sector's middle half▼ 11.6%€19.4mabove the sector's middle half▲ 13.5%€20.1mabove the sector's middle half▲ 3.5%
Debt€9.6m▼ 11.0%€11.1m▲ 16.1%€7.0m▼ 37.5%€6.8m▼ 2.1%€5.8m▼ 14.7%
Working capital€2.5mabove the sector's middle half▲ 1,143%€5.1mabove the sector's middle half▲ 106%€7.2mabove the sector's middle half▲ 41.3%€9.7mabove the sector's middle half▲ 35.2%€6.3mabove the sector's middle half▼ 34.9%
Solvency37.9%within the sector's middle half▲ 9.8pp42.6%within the sector's middle half▲ 4.6pp59.4%above the sector's middle half▲ 16.8pp65.0%above the sector's middle half▲ 5.6pp71.1%above the sector's middle half▲ 6.1pp
Current ratio1.44within the sector's middle half▲ 0.401.59within the sector's middle half▲ 0.152.52above the sector's middle half▲ 0.922.97above the sector's middle half▲ 0.452.53above the sector's middle half▼ 0.44
Return on assets (ROA)20.0%above the sector's middle half▲ 5.9pp25.0%above the sector's middle half▲ 5.0pp21.5%above the sector's middle half▼ 3.5pp24.0%above the sector's middle half▲ 2.5pp15.8%above the sector's middle half▼ 8.2pp
Staff (FTE)0below the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 55, Accommodation, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 31% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €20.1m
Fixed assets
€9.7m ▲ 102%
Current assets
€10.5m ▼ 28.6%
Equity and liabilities €20.1m
Equity
€14.3m ▲ 13.3%
Debt
€5.8m ▼ 14.7%
Debt's share of the balance-sheet total falls from 35.0% to 28.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€4.8m▼
2023 · €5.9m
Cash flow
€4.3m▼
2023 · €5.2m
Quick ratio
1.70▼
2023 · 2.47
Debt to equity
0.41▼
2023 · 0.54
ROE
22.2%▼
2023 · 36.9%
Interest coverage
240.68▼
2023 · 281.55
Debt ≤ 1 year
€4.1m▼
2023 · €4.9m
Debt > 1 year
€1.5m▼
2023 · €1.8m
Income taxes
€561,034▼
2023 · €823,765
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,577 companies that looked in July 2024 the way this one looks now, 0.1% went bankrupt within 24 months and 97% are still going.
- Medium-sized
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.1%
went bankrupt
3.1%
stopped otherwise
97%
still going
For this company itself Checked computes a higher bankruptcy probability: 0.6% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 1,577 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €874,254 | €645,240 | €544,307 | €521,361 | €1.1m | ▲ 106% |
| Other operating charges640/8 | - | €440,733 | €450,546 | €516,547 | €623,296 | ▲ 20.7% |
| Non-recurring operating charges66A | - | - | - | - | €41,651 | - |
| Gross operating margin9900 | €5.0m | €6.8m | €5.3m | €6.5m | €5.5m | ▼ 15.3% |
| Operating profit (loss)9901 | €3.7m | €5.7m | €4.3m | €5.4m | €3.7m | ▼ 31.1% |
| Financial income75/76B | - | €11,599 | €12,365 | €83,990 | €25,211 | ▼ 70.0% |
| Recurring financial income75 | €12,190 | €11,599 | €12,365 | €83,990 | €25,211 | ▼ 70.0% |
| Financial charges65/66B | - | €53,298 | €35,758 | €21,108 | €19,981 | ▼ 5.3% |
| Recurring financial charges65 | €65,440 | €53,298 | €35,758 | €21,108 | €19,981 | ▼ 5.3% |
| Profit (loss) for the period before taxes9903 | €3.6m | €5.7m | €4.3m | €5.5m | €3.7m | ▼ 31.8% |
| Income taxes67/77 | €541,033 | €811,466 | €645,801 | €823,765 | €561,034 | ▼ 31.9% |
| Profit (loss) for the period9904 | €3.1m | €4.8m | €3.7m | €4.7m | €3.2m | ▼ 31.8% |
| Transfer from tax-exempt reserves789 | - | €9,724 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €3.1m | €4.9m | €3.7m | €4.7m | €3.2m | ▼ 31.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €15.4m | €19.4m | €17.1m | €19.4m | €20.1m | ▲ 3.5% |
| Fixed assets21/28 | €7.4m | €5.7m | €5.2m | €4.8m | €9.7m | ▲ 102% |
| Intangible fixed assets21 | - | - | - | - | €3.5m | - |
| Tangible fixed assets22/27 | €7.3m | €5.7m | €5.2m | €4.8m | €6.1m | ▲ 28.4% |
| Land and buildings22 | - | €5.1m | €4.7m | €4.3m | €4.0m | ▼ 8.3% |
| Plant, machinery and equipment23 | - | - | - | - | €9,430 | - |
| Furniture and vehicles24 | - | €297,915 | €220,481 | €150,042 | €68,026 | ▼ 54.7% |
| Other tangible fixed assets26 | - | €299,383 | €252,236 | €288,129 | €2.1m | ▲ 619% |
| Financial fixed assets28 | €17,250 | €17,250 | €17,250 | €17,250 | €17,250 | = |
| Current assets29/58 | €8.1m | €13.7m | €11.9m | €14.7m | €10.5m | ▼ 28.6% |
| Stocks and contracts in progress3 | €2.7m | €2.6m | €4.1m | €2.5m | €3.4m | ▲ 38.7% |
| Stocks30/36 | - | €2.6m | €4.1m | €2.5m | €3.4m | ▲ 38.7% |
| Amounts receivable within one year40/41 | €455,175 | €6.1m | €5.5m | €4.0m | €2.5m | ▼ 38.2% |
| Trade receivables40 | - | €1.4m | €298,355 | €153,112 | €292,009 | ▲ 90.7% |
| Other amounts receivable41 | - | €4.7m | €5.2m | €3.9m | €2.2m | ▼ 43.3% |
| Current investments50/53 | - | - | - | - | €3.5m | - |
| Cash at bank and in hand54/58 | €4.9m | €4.9m | €2.4m | €8.1m | €1.0m | ▼ 87.3% |
| Deferred charges and accrued income490/1 | - | €29,377 | €38,779 | €31,977 | €15,029 | ▼ 53.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €15.4m | €19.4m | €17.1m | €19.4m | €20.1m | ▲ 3.5% |
| Equity10/15 | €5.9m | €8.2m | €10.2m | €12.6m | €14.3m | ▲ 13.3% |
| Contributions10/11 | €62,000 | €62,183 | €62,183 | €62,183 | €62,183 | = |
| Capital10 | - | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | - | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Outside capital11 | - | €183 | €183 | €183 | €183 | = |
| Share premium1100/10 | - | €183 | €183 | €183 | €183 | = |
| Reserves13 | €5.8m | €8.2m | €10.1m | €12.6m | €14.3m | ▲ 13.4% |
| Non-distributable reserves130/1 | - | €6,623 | €6,623 | €6,623 | €6,623 | = |
| Legal reserve130 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves not available under the articles1311 | - | - | €423 | €423 | €423 | = |
| Other1319 | - | €423 | - | - | - | - |
| Distributable reserves133 | - | €8.2m | €10.1m | €12.6m | €14.3m | ▲ 13.4% |
| Profit (loss) carried forward14 | - | - | - | €0 | €0 | - |
| Amounts payable17/49 | €9.6m | €11.1m | €7.0m | €6.8m | €5.8m | ▼ 14.7% |
| Amounts payable after more than one year17 | €3.8m | €2.4m | €2.1m | €1.8m | €1.5m | ▼ 16.6% |
| Financial debts170/4 | - | €1.4m | €1.1m | €800,000 | €500,000 | ▼ 37.5% |
| Other amounts payable178/9 | - | €1.0m | €996,521 | €967,578 | €973,828 | ▲ 0.6% |
| Amounts payable within one year42/48 | €5.6m | €8.6m | €4.7m | €4.9m | €4.1m | ▼ 16.2% |
| Current portion of amounts payable after more than one year42 | - | €1.4m | €318,327 | €300,000 | €300,000 | = |
| Trade debts44 | €390,252 | €568,230 | €499,927 | €1.1m | €617,884 | ▼ 42.5% |
| Suppliers440/4 | - | €568,230 | €499,927 | €1.1m | €617,884 | ▼ 42.5% |
| Advances received on contracts in progress46 | - | €2.8m | €1.5m | €621,252 | €898,428 | ▲ 44.6% |
| Taxes, remuneration and social security45 | - | €322,500 | €251,467 | €212,131 | €212,131 | = |
| Taxes450/3 | - | €322,500 | €251,467 | €212,131 | €212,131 | = |
| Other amounts payable47/48 | - | €3.5m | €2.2m | €2.7m | €2.1m | ▼ 22.7% |
| Accrued charges and deferred income492/3 | - | €129,130 | €117,997 | €106,864 | €198,924 | ▲ 86.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3.1m | €4.8m | €3.7m | €4.7m | €3.2m | ▼ 31.8% |
| + Depreciation and write-downs630 | €874,254 | €645,240 | €544,307 | €521,361 | €1.1m | ▲ 106% |
| Operating cash flow (approximation) | €4.0m | €5.5m | €4.2m | €5.2m | €4.3m | ▼ 17.9% |
| Investment in fixed assets (approximation) | - | €996,022 | -€24,865 | -€111,663 | -€6.0m | ▼ 5,230% |
| Change in cash | - | -€14,921 | -€2.6m | €5.8m | -€7.1m | ▼ 223% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
06-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 67 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 30 days late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 30 days late
2022
31-12
Financial
Equity above €10mEq €10.2m ▲23.4%
5 profitable years in a row build equity to €10.2m.
18-10
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 79 days late
2021
31-12
Financial
Highest result since 2018net €4.8m ▲56.5%
Operating result €5.7m, net result €4.8m, both a record.
19-11
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 111 days late
2020
31-12
Financial
Equity above €5mEq €5.9m ▲39%
3 profitable years in a row build equity to €5.9m.
09-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 101 days late
2019
30-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 61 days late
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 59 days late
2017
29-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 60 days late
2016
28-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 59 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
6 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, Bredene · 5 establishment units since 1993
Ground area
8.4 ha
Building footprint
686 m²
Volume, LiDAR
2,682 m³
5 parcels, Flanders · tallest building 8.9 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
5 establishment units
Koningin Astridlaan 61, 8450 Bredene
since 19932.064.048.053
MERCATOR
since 20082.168.501.613
HAERENDIJCKE II
since 20082.168.501.811
Camping de Vuurtoren
since 20102.188.186.574
Park Costa
since 20242.368.302.609
5 parcels
Flanders
5
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31008A0196/00G000 | Flanders | 5.7 ha | 1 · 85 m² | 8.0 m · 2 fl. |
| 31038A0084/00C000 | Flanders | 2.5 ha | 1 · 180 m² | 3.6 m · 1 fl. |
| 31038A0031/02M000 | Flanders | 1,798 m² | 1 · 142 m² | 8.8 m · 2 fl. |
| 35302C0330/00N000 | Flanders | 446 m² | 1 · 212 m² | 7.7 m · 1 fl. |
| 35302C1321/00A000 | Flanders | 267 m² | 1 · 67 m² | 2.4 m |
Linked by address, not proof of ownership
Good to know
5 of 5 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
1 ownerChain of control
- SEAPROMOTION
- KERLINGA
Highest known parent: SEAPROMOTION. The sources do not say who stands above it.
Owners 1
- SEAPROMOTIONparent99.87%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 750 EUR awarded · 750 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 750 EUR | 750 EUR |
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Of 441 companies in sector 55300 we hold annual accounts for 292. 52 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded29-09-1993
Fiscal year end31-12
Activities, NACEBEL 2025
55300Accommodation
E-invoicing
Reachable via Peppol
Peppol ID
0208:0450992392
Registered
20-11-2020
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.