Losses
Every financial year from 2024 to 2026 closed with a loss. 2025 was the heaviest.
Every financial year from 2024 to 2026 closed with a loss. 2025 was the heaviest.
In 2026, 1 person joined and 1 left.
Short-term debts rose from €900,692 to €1.2m.
The last five annual accounts were filed 7 to 43 days before the end of the period.
Board changed. Latest change 08-06-2026 · 6 in office.
More equity than 94% of companies in accommodation. Sector median €144,765 · 96 companies.
The dashed line is the sector median: 0.6% across 2,522 companies (NACE 55, micro).
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
The band follows from the bankruptcy probability. 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, micro). It does better than 67% of them on solvency, 45% on liquidity, 37% on profitability and 45% on growth.
The bankruptcy probability was computed on 07-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-03-2026.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
In July 2024, 12,322 companies had the same profile as NOUVELLE HOTELLERIE has now. Each dot stands for 31 companies, two years later.
Another 0.5% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of NOUVELLE HOTELLERIE itself: 0.1% within 12 months.
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% | 0.9% |
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 12,322 companies, not a prediction for NOUVELLE HOTELLERIE. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Liquidity is insufficient, with a current ratio of 0.73 (1.85 in 2025), below 1. Short-term debt is 18.2% and cash 0.8% of total assets. 54.7% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 26 days before the deadline. In the sector (NACE 55), the median for financial year 2024 was 1 day before the deadline, and 45% of those companies filed late.
Shares in 3 companies, including HOFILDELO and HOCEHAUT sàrl
Board & ownership| Company | ||||
|---|---|---|---|---|
| NOUVELLE HOTELLERIE Hastière | €6.5m | €439,797 | 45.3% | 1 |
| BELSQUARE RESIDENCE Etterbeek | €7.7m | €432,230 | 53.2% | 1.7 |
| VERICA SARL Bertrange | €4.7m | €678,357 | 43.5% | 2.2 |
| COTE COUR Durbuy | €5.7m | €875,952 | 48.8% | 2.4 |
| Ivenco Kuurne | €3.5m | €142,975 | 57.6% | 0.8 |
| LOGIES LA MAIRIE Sint-Laureins | €2.4m | €316,956 | 17.5% | 1.8 |
| BEACH PALACE Blankenberge | €11.4m | €454,682 | 16.1% | 0 |
These companies have the same main activity as NOUVELLE HOTELLERIE: hotels and similar accommodation (NACE 55100). They are comparable in size and age: total assets between €2.4m and €11m, founded between 1989 and 1995.
NOUVELLE HOTELLERIE has existed since 1994. The gross margin grew from €212,973 in 2007 to €439,797 in 2026 and staff from 0.3 to 1 full-time equivalents.
In June 2026, the Official Gazette published the appointment of Amaud BULTIAUX as managing director.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
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