MEMLINC HOTEL

Active

Public limited companyfounded 1987active for 38 yearsBellevue 5/301, 9050 Gent, Belgium28 active companies are registered at this addressKBO/BCE: BE 0432.793.907

Summary

The computed 12-month bankruptcy probability of MEMLINC HOTEL is 2.2% (moderate). The 2024 annual accounts show equity of €5.9m and a net result of -€24,181. Equity is growing by about 5.7% per year across the filed financial years. Its solvency ranks better than 91% of 674 sector peers (NACE 55, financial year 2024). The company has been active since 1987 and the Belgian Official Gazette contains no insolvency or warning signals.

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MEMLINC HOTELActiveChecked score 56/100

Risk analysis Report Compare

Activity

Hotels and similar accommodation

NACE 55100

4th largest company by equity in Ghent, Accommodation and food service sector1 site

Size

€7.0mtotal assets 2024

Staff: 47.4 FTE
Equity: €5.9m
Loss: -€24,181

Turnover not published (abbreviated format)Total assets +84%: capital increase

Financial health

56 Fair Checked score 2024

Bankruptcy probabilitywithin 12 months: 2.2%

Structure

Largest shareholder: DVLP · 20%
Board: 4 members

Francis GeernaertManaging director

Auditor: FOQUE & PARTNERS BV2025 accounts not filed, 86 days past the deadline4 of 9 deeds summarised

Why 56raises riskFigures for financial year 2024 (filed 06-05-2025)1 change of registered office in 24 monthsLiquidity: current ratio 1.36, cash €334,286lowers riskFounded in 1987Show the evidence

Checked score

Score 2024

56 / 100

Fair

Probability in this band: 1.5% to 4.2%

Financially better than 81% of its sector peers (NACE 55, small)

Every signal that counts is listed under Signals.

Financial strength · tick = 2023

Strong

Solvency 100+15

equity 84.4% of total assets

Liquidity 56+3

short-term debt 10.4% · cash 4.8%

Profitability 68+5

return on assets -0.3%

Bankruptcy probability, 12 months

2.2% Moderate

0%0.5%1.5%4%10%≥ 25%

About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.4% (579 companies, NACE 55, small)

Last 24 months 11-2024: 0.2% 12-2024: 0.2%● unchanged vs 11-2024 01-2025: 0.2%● unchanged vs 12-2024 02-2025: 0.2%● unchanged vs 01-2025 03-2025: 0.2%● unchanged vs 02-2025 04-2025: 0.2%● unchanged vs 03-2025 05-2025: 0.3%▲ +0.1 percentage points vs 04-2025 06-2025: 0.2%▼ -0.1 percentage points vs 05-2025lowest value 07-2025: 0.4%▲ +0.2 percentage points vs 06-2025 08-2025: 0.4%● unchanged vs 07-2025 09-2025: 0.4%● unchanged vs 08-2025 10-2025: 0.4%● unchanged vs 09-2025 11-2025: 0.4%● unchanged vs 10-2025 12-2025: 0.4%● unchanged vs 11-2025 01-2026: 0.4%● unchanged vs 12-2025 02-2026: 0.4%● unchanged vs 01-2026 03-2026: 0.4%● unchanged vs 02-2026 04-2026: 0.4%● unchanged vs 03-2026 05-2026: 0.5%▲ +0.1 percentage points vs 04-2026 06-2026: 0.6%▲ +0.1 percentage points vs 05-2026 07-2026: 0.6%● unchanged vs 06-2026 08-2026: 0.8%▲ +0.2 percentage points vs 07-2026 09-2026: 1.1%▲ +0.3 percentage points vs 08-2026 10-2026: 2.2%▲ +1.1 percentage points vs 09-2026highest value

Credit of up to €320,000 on 30-day terms, only on tighter conditions: an expected filing is missing beyond Checked's processing allowance

Liquidity tight (current ratio 1.36, compared with 0.66 in 2023, below the usual 1.5; short-term debt: 10.4% and cash: 4.8% of total assets), and 15.6% of the assets are financed with debt and provisions.

How it is calculated

The band follows from the bankruptcy probability, on a scale where 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, small): better than 94% on solvency, 75% on liquidity, 61% on profitability and 94% on growth.

The bankruptcy probability was computed on 24-10-2026 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.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.

lowers riskraises riskneutral

Figures for financial year 2024 (filed 06-05-2025)

NBB · annual accounts

Founded in 1987

Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.

KBO

1 change of registered office in 24 months

Belgian Official Gazette

Liquidity: current ratio 1.36, cash €334,286

NBB · annual accounts

Annual accounts not filed

The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 86 days later.

NBB · 10 filings

Position against the passed deadline

31-12-2025 year end31-07-2026 deadline25-10-2026 today

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 05-05-2025, 87 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

not filed

2024

87 days early

2023

12 days late

2022

26 days early

2021

33 days early

2020

9 days late

2019

on the day

← 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 21 days before the deadline; the sector median (NACE 55) for financial year 2024 is 1 day before the deadline, and 45% of those companies filed late.

Searched, nothing found (1)

No strike-offs in the KBO publications

Searched since 2021.

KBO publications · our coverage

02-06-2025 Resignations: Fabienne Deklerck, Laurence Deklerck and…Appointments: Francis Geernaert, BIS GROUP…
05-05-2025 Capital & sharesAuditor report · Capital increase…
05-05-2025 Annual accounts filedfinancial year 2024 · abbreviated…

Key points

Positive: Equity rose in 2024capital increase ▲ 160% View
Positive: Among the best 5% on equitysector median €275,416 · 674 companies €5.9m View
Caution: 2025 accounts not fileddeadline was 31-07-2026 86 days past the deadline View
Caution: 2 loss-making years in a rowloss financial year 2024 -€24,181 View

By topic

Financials

Financial year: 2024
Total assets: €7.0m
Loss: -€24,181
Solvency: 84.4%

Total assets▲ 84.4%

Net result

20182024

Go to Financials

Board & ownership

Board: 4 members
Largest shareholder: DVLP · 20%
Auditor: FOQUE & PARTNERS BV

BIS GROUPDirector
Francis GeernaertManaging director
John GeernaertManaging director
Karin Van SteirteghemDirector

Go to Board & ownership

Network & group

Connected companies: 9

Go to Network & group

Timeline

Events: 48
Since: 1989

31-12-2024Liquidity more than doubled
31-12-2024Equity above €5m
15-10-2024Appointment: Foqué & Partners BV (company auditor)

Go to Timeline

Company details

Sites: 1

Legal form: Public limited company
Activity: Hotels and similar accommodationNACE 55100
Founded: 30-12-1987
Year ends: 31-12
Peppol: Reachable for e-invoices

Go to Company details

Articles of association

Provisions read: 5

See the provisions in the deeds

Go to Articles of association

Key facts about MEMLINC HOTEL

What is the company number of MEMLINC HOTEL?: 0432.793.907. In Belgium the VAT number is the company number with BE in front: BE 0432.793.907.
Where is MEMLINC HOTEL based?: The registered office is at Bellevue 5/301, 9050 Gent.Company details
What does MEMLINC HOTEL do?: According to the KBO register, the main activity is hotels and similar accommodation (NACE 55100).
What is the legal form of MEMLINC HOTEL?: Public limited company (NV).
When was MEMLINC HOTEL founded?: On 30-12-1987.
Is MEMLINC HOTEL still active?: Yes, MEMLINC HOTEL is an active enterprise in the KBO register.
How many employees does MEMLINC HOTEL have?: On average 47.4 full-time equivalents in financial year 2024, according to the filed annual accounts.Financials
What is the turnover of MEMLINC HOTEL?: Not stated in the processed annual accounts. The abridged format for small companies does not require turnover.
Is MEMLINC HOTEL profitable?: In financial year 2024, MEMLINC HOTEL made a loss of €24,181.
Where can I find the annual accounts of MEMLINC HOTEL?: MEMLINC HOTEL filed 37 annual accounts with the National Bank of Belgium, the latest for financial year 2024.