Active BE 0715.595.229Public limited company

MY HOTEL by Intermills

Rue Devant les Grands Moulins 25 ·4960 Malmedy, Belgium· 7 yrs active

Sector: Hotels and similar accommodation (55100)

Conclusion Checked

MY HOTEL by Intermills has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €2.36M and a net result of €40k. Equity is shrinking by ~3.4% per year across the filed fiscal years. Its solvency ranks better than 40% of 493 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.0% (low).

Based on the State Gazette, CBE and 4 annual accounts.

Key figures

Equity	€2.36M
Net result	€40k
Staff (FTE)	51.7
Better than sector	40%

Financial profile 5 of 5 axes measured · computed by Checked

37 / 100

Fragile profile, watch profitability in particular.

All 5 axes are computed from data Checked has read.

Health 36

Profitability 8

Solvency 11

Growth 32

Stability 100

Bankruptcy probability (12 mo) Checked model v1 · free

1.0% Low

0%0,5%1,5%4%10%≥25%

How do we compute this?

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

More than 3 years active

Founded in 2018, past the statistically most fragile first 3 years.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Checked score FY 2024 · computed

36 / 100 Weak

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Indicative credit limit

€85k

estimate, not credit advice

Score history

48 2021

15 2022

28 2023

36 2024

purely financial, excl. current insolvency signals

Score components

Liquidity Current ratio 0.39 (< 1.0) -10

Quick ratio Quick ratio 0.34 (< 0.6) -5

Leverage Debt/equity 4.92 (> 3.0) -10

Profitability ROE 2% +3

Interest coverage Interest coverage 2.9× +3

Profit trend Net profit up YoY +5

Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.

Financial overview6 NBB filings

Annual accounts filed on 09-07-2025 with the NBB · fiscal year 2024 · full schema

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

declining Equity: declining trend of ~3.4%/year over 4 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2024 · NACE 55, Accommodation · compared within the same schema type (full schema)

Metric	This company	Sector median	Position in the sector
Solvency	16.9%	26.2%	better than 40% of 493 sector peers
Net result	€40k	€6k	better than 63% of 493 sector peers
Equity	€2.36M	€442k	better than 78% of 493 sector peers
Gross operating margin	€3.27M	€372k	better than 95% of 404 sector peers
Staff costs	€2.35M	€555k	higher than 82% of 368 sector peers

EBITDA

€890k

+1.8% 21-24

Net profit

€40k

- 21-24

Cash flow

€624k

-2.8% 21-24

Total assets

€13.96M

-5.9% 21-24

Equity

€2.36M

0.0% 21-24

Working capital

€-926k

-9.4% 21-24

Employees (FTE)

52

+3.0% 21-24

Staff costs

€2.35M

+6.0% 21-24

Income taxes

€373

+14.4% 21-24

Debt

€11.60M

-7.0% 21-24

Debt ≤ 1y

€1.51M

-12.2% 21-24

Debt > 1y

€10.09M

-6.0% 21-24

Current ratio

0.39

-23.9% 21-24

Quick ratio

0.34

-27.2% 21-24

Solvency

16.9%

+6.2% 21-24

Debt / equity

4.92

-7.0% 21-24

ROE

1.7%

- 21-24

ROA

0.3%

- 21-24

Interest coverage

2.91

-9.4% 21-24

Figures by fiscal year and ratios

Highlight YoY changes (±10%)

Fiscal year	2024	2023	2022	2021
Deposit	full schema	full schema	full schema	full schema
Revenue	-	-	-	-
EBITDA	€890k	€875k	€738k	€1.34M
Net profit	€40k	€-4k	€-88k	€501k
Cash flow	€624k	€642k	€557k	€1.14M
Staff costs	€2.35M	€2.22M	€1.96M	€1.49M
Income taxes	€373	€326	€484	€433
Dividends	-	-	-	-
Total assets	€13.96M	€14.83M	€15.57M	€16.62M
Equity	€2.36M	€2.36M	€2.44M	€2.64M
Debt	€11.60M	€12.47M	€13.14M	€13.99M
of which ≤ 1y	€1.51M	€1.72M	€1.68M	€1.88M
of which > 1y	€10.09M	€10.73M	€11.41M	€12.09M
Working capital	€-926k	€-847k	€-637k	€-424k
Employees (FTE)	51.7	50.2	42.6	37.7

Ratios (computed)

	2024	2023	2022	2021
Current ratio	0.39	0.51	0.62	0.78
Quick ratio	0.34	0.47	0.58	0.75
Working capital ratio	-6.6%	-5.7%	-4.1%	-2.5%
Solvency	16.9%	15.9%	15.6%	15.9%
Debt / equity	4.92	5.29	5.39	5.31
Long-term debt ratio	4.28	4.55	4.69	4.59
Interest coverage	2.91	3.22	2.52	4.33
Gross margin	-	-	-	-
Net margin	-	-	-	-
ROA	0.3%	0.0%	-0.6%	3.0%
ROE	1.7%	-0.2%	-3.6%	19.0%
EBITDA margin	-	-	-	-
Days sales outstanding	-	-	-	-
Days payable outstanding	-	-	-	-
Inventory turnover	-	-	-	-
Days inventory (DSI)	-	-	-	-

Balance-sheet composition 2024

Assets

Fixed assets €13.38M · 95.8% Current assets €582k · 4.2%

Equity & liabilities

Equity €2.36M · 16.9% Debt €11.60M · 83.1%

Full annual accounts (25 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2024	2023	2022	2021
Balance sheet, Assets
TOTAL ASSETS	20/58	€13.96M	€14.83M	€15.57M	€16.62M
Fixed assets	21/28	€13.38M	€13.96M	€14.47M	€15.04M
Formation expenses	20	-	-	€60k	€123k
Intangible fixed assets	21	€40k	€48k	€56k	€64k
Tangible fixed assets	22/27	€13.34M	€13.91M	€14.42M	€14.98M
Current assets	29/58	€582k	€870k	€1.04M	€1.46M
Stocks & contracts in progress	3	€68k	€67k	€65k	€55k
Amounts receivable within one year	40/41	€101k	€36k	€45k	€36k
Cash & bank	54/58	€371k	€723k	€329k	€763k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€13.96M	€14.83M	€15.57M	€16.62M
Equity	10/15	€2.36M	€2.36M	€2.44M	€2.64M
Contributions / capital	10/11	€1.50M	€1.50M	€1.50M	€1.50M
Reserves	13	€302k	€262k	€266k	€354k
Amounts payable	17/49	€11.60M	€12.47M	€13.14M	€13.99M
Amounts payable after one year	17	€10.09M	€10.73M	€11.41M	€12.09M
Amounts payable within one year	42/48	€1.51M	€1.72M	€1.68M	€1.88M
Trade debts payable within one year	44	€129k	€147k	€139k	€100k
Income statement
Gross operating margin	9900	€3.27M	€3.18M	€2.80M	€2.85M
Operating result	9901	€306k	€229k	€93k	€699k
Financial income	75	€40k	€40k	€112k	€112k
Financial charges	65	€305k	€272k	€292k	€309k
Result before taxes	9903	€40k	€-3k	€-87k	€501k
Income taxes	67/77	€373	€326	€484	€433
Net result for the period	9904	€40k	€-4k	€-88k	€501k
Result to be appropriated	9905	€40k	€-4k	€-88k	€501k

Directors & mandates 1 directors

Current directors & mandates

GEHLEN Roger
Managing director
State Gazette act 25109740 (29-08-2025)

Current
29-08-2025 → present

Legal Structure

NACE primary	Hotels and similar accommodation(55100)
Legal form	Public limited company(014)
Incorporation	07-12-2018
Status	Active
Postal code	4960

Establishment units 1 location

MY HOTEL by Intermills

Rue Devant les Grands Moulins 25, 4960 MalmedyHotels and similar accommodation

since 20182.283.725.933

Real-estate footprint Source: CBE × cadastre

Wallonia 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
63049C0883/00L000indicative	Wallonia	53 m²	-	-

Methodology

via registered seat: 1

0 of 1 parcel with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 7 events

All 9Financial 2Gazette 1Filings 6

2025

29-08

State Gazette act Director changes

09-07

NBB filing Annual accounts filed

fiscal year 2024 · full schema

2024

31-12

Financial Back to profitnet €40k

Net result €40k after 2 loss-making years.

01-07

NBB filing Annual accounts filed

fiscal year 2023 · full schema

2023

07-07

NBB filing Annual accounts filed

fiscal year 2022 · full schema

2022

31-12

Financial Weakest financial yearnet €-88k ▼118%

Net result drops to €-88k, the lowest in the series; recovery starts the following year.

30-06

NBB filing Annual accounts filed

fiscal year 2021 · full schema

2021

01-07

NBB filing Annual accounts filed

fiscal year 2020 · full schema

2020

10-07

NBB filing Annual accounts filed

fiscal year 2019 · full schema

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Belgian State Gazette reading coverage 0 of 4 acts read

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.

Belgisch Staatsblad, acts 1 acts

All acts · 1 updated 1 year ago

2025

29-08-2025 1 director appointed, 2 reappointed Director changes

GEHLEN Roger, Gedelegeerd bestuurder
GELHEN Roger, Commissaris
BOSQUIN Victor, Commissaris

Original publication ↗

Technical details

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Credit advice verdict per customer and amount

Company registry (CBE) Crossroads Bank

Activities

Hotels and similar accommodation55100Full-service restaurants56101Full-service restaurants56111

Names & trade names

Legal nameFR

MY HOTEL by Intermills

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