KUSTVERHUURBEDRIJF WESTENDE
ActiveKUSTVERHUURBEDRIJF WESTENDE has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €715k and a net result of €-17k. Equity is growing by ~38.3% per year across the filed fiscal years. Its solvency ranks better than 95% of 1303 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
73
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability16▼-73
Solvency100=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50k at 30 days acceptable
Liquidity ample (current ratio 29.1 against 18.94 in 2024; short-term debt: 3.3% and cash: 26.7% of total assets), and 3.3% of the assets are financed with debt.
Credit advice for your own amount and term
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 2025Solvency, return and age of the figures
Solvency
96.7%
Return on assets
-2.2%
Age of the figures
9 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 31-12-2025 was due by 31-07-2026 and was filed on 20-07-2026, 11 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
11 d early
2024
41 d early
2023
19 d late
2022
10 d late
2021
12 d late
2020
27 d late
2019
80 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€715k▼ 2.3%
2024 · €732k
2018: €-155k
2019: €-104k
2020: €-27k
2021: €165k
2022: €581k
2023: €606k
2024: €732k
2018 → 2025
Total assets
€739k▼ 3.9%
2024 · €769k
2018: €56k
2019: €6k
2020: €138k
2021: €262k
2022: €996k
2023: €663k
2024: €769k
2018 → 2025
Net result
€-17k
2024 · €126k
2018: €37k
2019: €51k
2020: €77k
2021: €192k
2022: €416k
2023: €25k
2024: €126k
2018 → 2025
Working capital
€675k=
2024 · €676k
2018: €-198k
2019: €-104k
2020: €-85k
2021: €119k
2022: €547k
2023: €533k
2024: €676k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€165k-€581k▲ 253%€606k▲ 4.3%€732k▲ 20.8%€715k▼ 2.3%
Operating result€259k-€615k▲ 137%€38k▼ 93.9%€179k▲ 375%€-21k
Net result€192k-€416k▲ 117%€25k▼ 94.0%€126k▲ 402%€-17k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €21k after €179k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €739k
Fixed assets
€40k▼ 29.3%
Current assets
€699k▼ 1.9%
Equity and liabilities €739k
Equity
€715k▼ 2.3%
Debt
€24k▼ 36.2%
The debt ratio falls from 4.9% to 3.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-4k▼
2024 · €195k
Cash flow
€-134▼
2024 · €142k
Solvency
96.7%▲
2024 · 95.1%
Current ratio
29.10▲
2024 · 18.94
Quick ratio
29.10▲
2024 · 18.94
Debt / equity
0.03▼
2024 · 0.05
ROE
-2.3%▼
2024 · 17.2%
ROA
-2.2%▼
2024 · 16.4%
Interest coverage
-44.13▼
2024 · 415.37
Debt
€24k▼
2024 · €38k
Debt ≤ 1 year
€24k▼
2024 · €38k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€769k€739k▼
Fixed assets21/28€56k€40k▼
Tangible fixed assets22/27€56k€40k▼
Furniture and vehicles24€56k€40k▼
Current assets29/58€713k€699k▼
Amounts receivable within one year40/41€136k€2k▼
Trade receivables40€3k€424▼
Other amounts receivable41€132k€2k▼
Current investments50/53€300k€500k▲
Cash at bank and in hand54/58€85k€198k▲
Deferred charges and accrued income490/1€192k-
Equity and liabilities
Total equity and liabilities10/49€769k€739k▼
Equity10/15€732k€715k▼
Contributions10/11€19k€19k=
Reserves13€633k€633k=
Distributable reserves133€633k€633k=
Profit (loss) carried forward14€80k€64k▼
Amounts payable17/49€38k€24k▼
Amounts payable within one year42/48€38k€24k▼
Trade debts44€1k-
Suppliers440/4€1k-
Taxes, remuneration and social security45€37k€24k▼
Taxes450/3€37k€24k▼
Other amounts payable47/48-€67
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16k€16k=
Other operating charges640/8€1k€593▼
Gross operating margin9900€196k€-4k▼
Operating profit (loss)9901€179k€-21k▼
Financial income75/76B€7k€4k▼
Recurring financial income75€7k€4k▼
Financial charges65/66B€470€147▼
Recurring financial charges65€470€98▼
Non-recurring financial charges66B-€49
Profit (loss) for the period before taxes9903€185k€-17k▼
Income taxes67/77€59k-
Profit (loss) for the period9904€126k€-17k▼
Profit (loss) for the period to be appropriated9905€126k€-17k▼
Appropriation of the result
Profit (loss) to be appropriated9906€205k€64k▼
Profit (loss) brought forward from the previous period14P€80k€80k▲
Transfer to equity691/2€125k-
To other reserves6921€125k-
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
20-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €-17k ▼113%
Net result drops to €-17k, the lowest in the series.
20-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
19-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 19 days late
2023
31-12
Financial
Liquidity quadruplescurrent ratio 10.40
Current ratio from 2.32 to 10.40; short-term debt falls from €415k to €57k.
10-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 10 days late
2022
31-12
Financial
Highest result since 2018net €416k ▲117%
Operating result €615k, net result €416k, both a record.
31-12
Financial
Equity above €500kEq €581k ▲253%
5 profitable years in a row build equity to €581k.
12-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 12 days late
2021
31-12
Financial
Liquidity times 5current ratio 2.21
Current ratio from 0.48 to 2.21; short-term debt falls from €165k to €98k.
31-12
Financial
Equity above €150kEq €165k
4 profitable years in a row build equity to €165k.
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
2020
19-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 80 days late
2019
23-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 23 days late
2018
28-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Middelkerke · 1 establishment unit since 2003
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.
Essex Scottishlaan 498434 MiddelkerkeGround area
2,220 m²
Building footprint
888 m²
Volume, LiDAR
2,265 m³
2 parcels, Flanders · tallest building 14.0 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Zeeparel Budgethotel
since 20032.129.057.750
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35022A0516/00E002 | Flanders | 1,942 m² | 1 · 663 m² | 14.0 m |
| 35022A0001/00V032 | Flanders | 278 m² | 1 · 225 m² | 13.6 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Similar companies · same sector, comparable size
QSOLUTION
BE 0807.554.395
Wavre · Eq €715k
Hôtel de Paris
BE 0422.613.954
Sint-Gillis (bij-Brussel) · Eq €715k
Hotel Jan Brito
BE 0894.268.833
Brugge · Eq €715k
Olivier Christiaens
BE 0685.798.215
Damme · Eq €712k
NEW VILLA
BE 0882.203.914
Kortemark · Eq €719k
Of 2,395 companies in sector 55100 we hold annual accounts for 1,517. 1,031 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded22-07-1987
Fiscal year end31-12
Abbreviation NL
KVW
Activities, NACEBEL
55100Hotels and similar accommodation
55101Hotels
55401
56301Cafés and bars
Sources
Crossroads Bank for EnterprisesNational Bank · 39 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.