LDWI
ActiveSummary
LDWI has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €739,651 and a net result of €29,197. Equity remains stable across the filed fiscal years (±2.3% per year). Its solvency ranks better than 68% of 702 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability71=
Solvency74▲+4
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €55,000 at 30 days acceptable
Liquidity ample (current ratio 1.79 against 1.8 in 2024; short-term debt: 8.7% and cash: 10.9% of total assets), but 51.3% of the assets are financed with debt.
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Signals
Four 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
48.7%
Return on assets
1.9%
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
Accommodation (NACE 55)
about 6% more bankruptcies
← 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 20-05-2026, 72 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
72 d early
2024
59 d late
2023
60 d late
2022
30 d late
2021
36 d late
2020
95 d late
2019
82 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 41 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 (2)
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. Usually files around 5 September (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€739,651▲ 4.1%
2024 · €710,454
Total assets
€1.5m▼ 4.1%
2024 · €1.6m
Net result
€29,197▼ 12.3%
2024 · €33,278
Working capital
€104,821▲ 20.2%
2024 · €87,214
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
Line20212022202320242025
Operating result€358,606▲ 101%€100,392▼ 72.0%€33,203▼ 66.9%€75,786▲ 128%€72,251▼ 4.7%
Net result€254,166above the sector's middle half▲ 69.7%€56,284within the sector's middle half▼ 77.9%€11,226within the sector's middle half▼ 80.1%€33,278within the sector's middle half▲ 196%€29,197within the sector's middle half▼ 12.3%
Equity€1.0mabove the sector's middle half▲ 32.4%€1.1mabove the sector's middle half▲ 2.7%€677,176within the sector's middle half▼ 36.5%€710,454within the sector's middle half▲ 4.9%€739,651within the sector's middle half▲ 4.1%
Total assets€1.9mwithin the sector's middle half▲ 2.6%€1.8mwithin the sector's middle half▼ 7.6%€1.6mwithin the sector's middle half▼ 11.4%€1.6mwithin the sector's middle half▲ 0.6%€1.5mwithin the sector's middle half▼ 4.1%
Debt€887,423▼ 18.8%€712,968▼ 19.7%€898,164▲ 26.0%€874,650▼ 2.6%€780,219▼ 10.8%
Working capital€66,394within the sector's middle half€14,559within the sector's middle half▼ 78.1%-€85,998within the sector's middle half€87,214within the sector's middle half€104,821within the sector's middle half▲ 20.2%
Solvency53.9%within the sector's middle half▲ 12.1pp59.9%above the sector's middle half▲ 6.0pp43.0%within the sector's middle half▼ 16.9pp44.8%within the sector's middle half▲ 1.8pp48.7%within the sector's middle half▲ 3.8pp
Current ratio1.27within the sector's middle half▲ 0.571.06within the sector's middle half▼ 0.210.62within the sector's middle half▼ 0.441.80within the sector's middle half▲ 1.181.79within the sector's middle half▼ 0.01
Return on assets (ROA)13.2%above the sector's middle half▲ 5.2pp3.2%within the sector's middle half▼ 10.0pp0.7%within the sector's middle half▼ 2.5pp2.1%within the sector's middle half▲ 1.4pp1.9%within the sector's middle half▼ 0.2pp
Staff (FTE)12.6within the sector's middle half▼ 10.6%15.1within the sector's middle half▲ 19.8%12.2within the sector's middle half▼ 19.2%7within the sector's middle half▼ 42.6%7.1within the sector's middle half▲ 1.4%
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 2025; 2025 is 5% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.5m
Fixed assets
€1.3m ▼ 7.6%
Current assets
€236,996 ▲ 20.9%
Equity and liabilities €1.5m
Equity
€739,651 ▲ 4.1%
Debt
€780,219 ▼ 10.8%
Debt's share of the balance-sheet total falls from 55.2% to 51.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€198,625▼
2024 · €205,588
Cash flow
€155,571▼
2024 · €163,080
Quick ratio
1.44▲
2024 · 1.37
Debt to equity
1.05▼
2024 · 1.23
ROE
3.9%▼
2024 · 4.7%
Interest coverage
6.29▲
2024 · 6.23
Debt ≤ 1 year
€132,175▲
2024 · €108,757
Debt > 1 year
€648,044▼
2024 · €765,893
Income taxes
€11,602▲
2024 · €9,563
Staff costs
€429,124▲
2024 · €417,994
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,040 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.5%
went bankrupt
4.9%
stopped otherwise
94%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 17,040 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €182,112 | €378,607 | €443,418 | €417,994 | €429,124 | ▲ 2.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €131,011 | €127,567 | €121,492 | €129,802 | €126,374 | ▼ 2.6% |
| Other operating charges640/8 | €30,257 | €41,033 | €19,491 | €33,913 | €38,753 | ▲ 14.3% |
| Gross operating margin9900 | €701,987 | €647,599 | €617,605 | €657,495 | €666,502 | ▲ 1.4% |
| Operating profit (loss)9901 | €358,606 | €100,392 | €33,203 | €75,786 | €72,251 | ▼ 4.7% |
| Financial income75/76B | €155 | €349 | €1 | €52 | €144 | ▲ 174% |
| Recurring financial income75 | €155 | €349 | €1 | €52 | €144 | ▲ 174% |
| Financial charges65/66B | €21,290 | €16,440 | €20,806 | €32,997 | €31,596 | ▼ 4.2% |
| Recurring financial charges65 | €21,290 | €16,440 | €20,806 | €32,997 | €31,596 | ▼ 4.2% |
| Profit (loss) for the period before taxes9903 | €337,471 | €84,301 | €12,397 | €42,841 | €40,799 | ▼ 4.8% |
| Income taxes67/77 | €83,305 | €28,018 | €1,172 | €9,563 | €11,602 | ▲ 21.3% |
| Profit (loss) for the period9904 | €254,166 | €56,284 | €11,226 | €33,278 | €29,197 | ▼ 12.3% |
| Profit (loss) for the period to be appropriated9905 | €254,166 | €56,284 | €11,226 | €33,278 | €29,197 | ▼ 12.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.9m | €1.8m | €1.6m | €1.6m | €1.5m | ▼ 4.1% |
| Fixed assets21/28 | €1.6m | €1.5m | €1.4m | €1.4m | €1.3m | ▼ 7.6% |
| Tangible fixed assets22/27 | €1.6m | €1.5m | €1.4m | €1.4m | €1.3m | ▼ 7.6% |
| Land and buildings22 | €1.6m | €1.5m | €1.4m | €1.3m | €1.2m | ▼ 7.7% |
| Plant, machinery and equipment23 | €29,620 | €29,536 | €22,350 | €20,052 | €28,002 | ▲ 39.6% |
| Furniture and vehicles24 | €29,003 | €33,369 | €22,227 | €43,576 | €31,742 | ▼ 27.2% |
| Current assets29/58 | €311,771 | €250,660 | €141,079 | €195,971 | €236,996 | ▲ 20.9% |
| Stocks and contracts in progress3 | €22,526 | €50,380 | €47,380 | €47,380 | €47,280 | ▼ 0.2% |
| Stocks30/36 | €22,526 | €50,380 | €47,380 | €47,380 | €47,280 | ▼ 0.2% |
| Amounts receivable within one year40/41 | €30,530 | €45,673 | €23,320 | €26,726 | €20,736 | ▼ 22.4% |
| Trade receivables40 | - | - | €2,200 | - | €64 | - |
| Other amounts receivable41 | €30,530 | €45,673 | €21,120 | €26,726 | €20,672 | ▼ 22.7% |
| Cash at bank and in hand54/58 | €256,186 | €152,013 | €67,784 | €119,134 | €165,758 | ▲ 39.1% |
| Deferred charges and accrued income490/1 | €2,529 | €2,594 | €2,594 | €2,731 | €3,223 | ▲ 18.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.9m | €1.8m | €1.6m | €1.6m | €1.5m | ▼ 4.1% |
| Equity10/15 | €1.0m | €1.1m | €677,176 | €710,454 | €739,651 | ▲ 4.1% |
| Contributions10/11 | €75,000 | €75,000 | €82,500 | €82,500 | €82,500 | = |
| Capital10 | €75,000 | - | - | - | - | - |
| Issued capital100 | €75,000 | - | - | - | - | - |
| Revaluation surpluses12 | €593,724 | €593,724 | €593,724 | €593,724 | €593,724 | = |
| Reserves13 | €369,514 | €397,226 | - | - | - | - |
| Non-distributable reserves130/1 | €7,500 | €7,500 | - | - | - | - |
| Legal reserve130 | €7,500 | - | - | - | - | - |
| Reserves not available under the articles1311 | - | €7,500 | - | - | - | - |
| Distributable reserves133 | €362,014 | €389,726 | - | - | - | - |
| Profit (loss) carried forward14 | - | - | €952 | €34,229 | €63,427 | ▲ 85.3% |
| Amounts payable17/49 | €887,423 | €712,968 | €898,164 | €874,650 | €780,219 | ▼ 10.8% |
| Amounts payable after more than one year17 | €642,046 | €476,867 | €671,087 | €765,893 | €648,044 | ▼ 15.4% |
| Financial debts170/4 | €642,046 | €476,867 | €671,087 | €765,893 | €648,044 | ▼ 15.4% |
| Amounts payable within one year42/48 | €245,377 | €236,101 | €227,077 | €108,757 | €132,175 | ▲ 21.5% |
| Current portion of amounts payable after more than one year42 | €79,185 | €84,352 | €24,655 | €36,905 | €36,457 | ▼ 1.2% |
| Trade debts44 | €77,378 | €70,499 | €35,315 | €38,512 | €54,243 | ▲ 40.8% |
| Suppliers440/4 | €77,378 | €70,499 | €35,315 | €38,512 | €54,243 | ▲ 40.8% |
| Taxes, remuneration and social security45 | €88,814 | €58,136 | €36,896 | €27,732 | €37,052 | ▲ 33.6% |
| Taxes450/3 | €74,525 | €35,448 | €5,045 | €9,126 | €2,563 | ▼ 71.9% |
| Remuneration and social security454/9 | €14,289 | €22,688 | €31,851 | €18,605 | €34,489 | ▲ 85.4% |
| Other amounts payable47/48 | - | €23,114 | €130,210 | €5,608 | €4,423 | ▼ 21.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €254,166 | €56,284 | €11,226 | €33,278 | €29,197 | ▼ 12.3% |
| + Depreciation and write-downs630 | €131,011 | €127,567 | €121,492 | €129,802 | €126,374 | ▼ 2.6% |
| Operating cash flow (approximation) | €385,178 | €183,850 | €132,718 | €163,080 | €155,571 | ▼ 4.6% |
| Investment in fixed assets (approximation) | - | -€41,935 | -€27,495 | -€84,674 | -€20,115 | ▲ 76.2% |
| Change in cash | - | -€104,173 | -€84,229 | €51,350 | €46,623 | ▼ 9.2% |
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
Next filing, fiscal year 2026, expected by
2026
20-05
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
28-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 59 days late
2024
31-12
Financial
Liquidity triplescurrent ratio 1.80
Current ratio from 0.62 to 1.80; short-term debt falls from €227,077 to €108,757.
29-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 60 days late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 30 days late
2022
05-09
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 36 days late
2021
31-12
Financial
Highest result since 2018net €254,166 ▲69.7%
Operating result €358,606, net result €254,166, both a record.
31-12
Financial
Equity above €1mEq €1.0m ▲32.4%
4 profitable years in a row build equity to €1.0m.
03-11
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 95 days late
2020
21-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 82 days late
2019
13-12
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 135 days late
15-03
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 227 days late
2017
21-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 143 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Brugge · 1 establishment unit since 2000
Ground area
1,072 m²
Building footprint
174 m²
Volume, LiDAR
1,157 m³
Parcel 31016B0327/00F000, Flanders · tallest building 10.9 m, ±3 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Hostellerie de goedendag
since 20002.099.939.637
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31016B0327/00F000 | Flanders | 1,072 m² | 1 · 174 m² | 10.9 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteBrugge2.099.939.637
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VAN ZANDWEGHE W.
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Of 2,393 companies in sector 55100 we hold annual accounts for 1,518. 1,021 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded16-10-2000
Fiscal year end31-12
Activities, NACEBEL 2025
55100Hotels and similar accommodation
56111Full-service restaurants
E-invoicing
Reachable via Peppol
Peppol ID
0208:0473056132
Also
9925:BE0473056132
Registered
11-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.