Summary
OUT & LODGE is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €331k and a net result of €20k. Equity is growing by ~38.2% per year across the filed fiscal years. Its solvency ranks better than 31% of 9863 sector peers (fiscal year 2024). The company has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit check for your own amount and term
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 22-10-2025, 83 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
83 d late
2023
88 d late
2022
40 d late
2021
85 d late
2020
117 d late
2019
122 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€331k▲ 6.4%
2023 · €311k
2018: €56klowest in 7 years
2019: €62k▲ +11.3% vs 2018
2020: €66k▲ +5.9% vs 2019
2021: €96k▲ +46.1% vs 2020
2022: €126k▲ +30.8% vs 2021
2023: €311k▲ +146% vs 2022
2024: €331k▲ +6.4% vs 2023highest in 7 years
2018 → 2024
Net result
€20k▼ 89.3%
2023 · €185k
2018: €11k
2019: €6k▼ -44.8% vs 2018
2020: €4k▼ -41.9% vs 2019lowest in 7 years
2021: €30k▲ +726% vs 2020
2022: €30k▼ -2.5% vs 2021
2023: €185k▲ +522% vs 2022highest in 7 years
2024: €20k▼ -89.3% vs 2023
2018 → 2024
Total assets
€1.03M▼ 3.2%
2023 · €1.06M
2018: €956k
2019: €940k▼ -1.7% vs 2018
2020: €973k▲ +3.6% vs 2019
2021: €935k▼ -3.9% vs 2020lowest in 7 years
2022: €942k▲ +0.8% vs 2021
2023: €1.06M▲ +12.4% vs 2022highest in 7 years
2024: €1.03M▼ -3.2% vs 2023
2018 → 2024
Solvency
32.3%▲ 2.9pp
2023 · 29.4%
2018: 5.9%lowest in 7 years
2019: 6.6%▲ +13.3% vs 2018
2020: 6.8%▲ +2.3% vs 2019
2021: 10.3%▲ +52.1% vs 2020
2022: 13.4%▲ +29.8% vs 2021
2023: 29.4%▲ +119% vs 2022
2024: 32.3%▲ +9.9% vs 2023highest in 7 years
2018 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€66k-€96k▲ 46.1%€126k▲ 30.8%€311k▲ 146%€331k▲ 6.4%
2020: €66klowest in 5 years
2021: €96k▲ +46.1% vs 2020
2022: €126k▲ +30.8% vs 2021
2023: €311k▲ +146% vs 2022
2024: €331k▲ +6.4% vs 2023highest in 5 years
Operating result€4k-€38k▲ 843%€38k▼ 1.1%€59k▲ 55.0%€35k▼ 40.6%
2020: €4klowest in 5 years
2021: €38k▲ +843% vs 2020
2022: €38k▼ -1.1% vs 2021
2023: €59k▲ +55.0% vs 2022highest in 5 years
2024: €35k▼ -40.6% vs 2023
Net result€4k-€30k▲ 726%€30k▼ 2.5%€185k▲ 522%€20k▼ 89.3%
2020: €4klowest in 5 years
2021: €30k▲ +726% vs 2020
2022: €30k▼ -2.5% vs 2021
2023: €185k▲ +522% vs 2022highest in 5 years
2024: €20k▼ -89.3% vs 2023
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 41% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €1.03M
Fixed assets
€120k ▼ 12.7%
Current assets
€905k ▼ 1.8%
Equity and liabilities €1.03M
Equity
€331k ▲ 6.4%
Debt
€694k ▼ 7.2%
Debt's share of the balance-sheet total falls from 70.6% to 67.7%. Equity is higher and debt is lower.
Key figures and ratios
ROE
6.0%▼
2023 · 59.4%
ROA
1.9%▼
2023 · 17.4%
Debt ≤ 1 year
€694k▼
2023 · €747k
Income taxes
€9k▼
2023 · €15k
Staff costs
€3k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 49 lines
Balance sheet
Code20232024
Assets
Total assets20/58€1.06M€1.03M▼
Fixed assets21/28€137k€120k▼
Tangible fixed assets22/27€137k€120k▼
Plant, machinery and equipment23€210€404▲
Furniture and vehicles24€7k€6k▼
Other tangible fixed assets26€131k€113k▼
Current assets29/58€921k€905k▼
Amounts receivable within one year40/41€905k€891k▼
Trade receivables40€6k€2k▼
Other amounts receivable41€899k€889k▼
Cash at bank and in hand54/58€14k€11k▼
Deferred charges and accrued income490/1€2k€3k▲
Equity and liabilities
Total equity and liabilities10/49€1.06M€1.03M▼
Equity10/15€311k€331k▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€248k€268k▲
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Distributable reserves133€242k€262k▲
Profit (loss) carried forward14€653€504▼
Amounts payable17/49€748k€694k▼
Amounts payable after more than one year17€992-
Financial debts170/4€992-
Amounts payable within one year42/48€747k€694k▼
Current portion of amounts payable after more than one year42€12k€7k▼
Trade debts44€13k€2k▼
Suppliers440/4€13k€2k▼
Taxes, remuneration and social security45€45k€50k▲
Taxes450/3€45k€50k▲
Other amounts payable47/48€677k€636k▼
Income statement
Code20232024
Remuneration, social security and pensions62-€3k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€31k€31k▲
Other operating charges640/8€2k€2k▲
Gross operating margin9900€91k€70k▼
Operating profit (loss)9901€59k€35k▼
Financial income75/76B€142k€250▼
Recurring financial income75€142k€250▼
Financial charges65/66B€1k€6k▲
Recurring financial charges65€1k€6k▲
Profit (loss) for the period before taxes9903€200k€29k▼
Income taxes67/77€15k€9k▼
Profit (loss) for the period9904€185k€20k▼
Profit (loss) for the period to be appropriated9905€185k€20k▼
Appropriation of the result
Profit (loss) to be appropriated9906€186k€21k▼
Profit (loss) brought forward from the previous period14P€974€653▼
Transfer to equity691/2€185k€20k▼
To other reserves6921€185k€20k▼
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | - | €3k | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €24k | €24k | €27k | €31k | €31k | ▲ 1.0% |
| Other operating charges640/8 | - | €2k | €2k | €2k | €2k | ▲ 5.5% |
| Gross operating margin9900 | €30k | €64k | €67k | €91k | €70k | ▼ 22.8% |
| Operating profit (loss)9901 | €4k | €38k | €38k | €59k | €35k | ▼ 40.6% |
| Financial income75/76B | - | €89 | €22 | €142k | €250 | ▼ 99.8% |
| Recurring financial income75 | €62 | €89 | €22 | €142k | €250 | ▼ 99.8% |
| Financial charges65/66B | - | €726 | €1k | €1k | €6k | ▲ 457% |
| Recurring financial charges65 | €428 | €726 | €1k | €1k | €6k | ▲ 457% |
| Profit (loss) for the period before taxes9903 | €4k | €38k | €37k | €200k | €29k | ▼ 85.7% |
| Income taxes67/77 | - | €7k | €7k | €15k | €9k | ▼ 41.4% |
| Profit (loss) for the period9904 | €4k | €30k | €30k | €185k | €20k | ▼ 89.3% |
| Profit (loss) for the period to be appropriated9905 | €4k | €30k | €30k | €185k | €20k | ▼ 89.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €973k | €935k | €942k | €1.06M | €1.03M | ▼ 3.2% |
| Fixed assets21/28 | €575k | €573k | €587k | €137k | €120k | ▼ 12.7% |
| Tangible fixed assets22/27 | €139k | €137k | €151k | €137k | €120k | ▼ 12.7% |
| Plant, machinery and equipment23 | - | €475 | €342 | €210 | €404 | ▲ 92.4% |
| Furniture and vehicles24 | - | €2k | €9k | €7k | €6k | ▼ 4.8% |
| Other tangible fixed assets26 | - | €135k | €142k | €131k | €113k | ▼ 13.2% |
| Financial fixed assets28 | €436k | €436k | €436k | - | - | - |
| Current assets29/58 | €398k | €362k | €356k | €921k | €905k | ▼ 1.8% |
| Amounts receivable within one year40/41 | €387k | €355k | €345k | €905k | €891k | ▼ 1.5% |
| Trade receivables40 | - | €899 | €595 | €6k | €2k | ▼ 71.2% |
| Other amounts receivable41 | - | €354k | €344k | €899k | €889k | ▼ 1.0% |
| Cash at bank and in hand54/58 | €9k | €4k | €9k | €14k | €11k | ▼ 20.5% |
| Deferred charges and accrued income490/1 | - | €3k | €2k | €2k | €3k | ▲ 15.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €973k | €935k | €942k | €1.06M | €1.03M | ▼ 3.2% |
| Equity10/15 | €66k | €96k | €126k | €311k | €331k | ▲ 6.4% |
| Contributions10/11 | €62k | €62k | €62k | €62k | €62k | = |
| Capital10 | - | €62k | €62k | €62k | €62k | = |
| Issued capital100 | - | €62k | €62k | €62k | €62k | = |
| Reserves13 | €2k | €34k | €63k | €248k | €268k | ▲ 8.1% |
| Non-distributable reserves130/1 | - | €6k | €6k | €6k | €6k | = |
| Legal reserve130 | - | €6k | €6k | €6k | €6k | = |
| Distributable reserves133 | - | €28k | €57k | €242k | €262k | ▲ 8.3% |
| Profit (loss) carried forward14 | €2k | €271 | €974 | €653 | €504 | ▼ 22.8% |
| Amounts payable17/49 | €907k | €839k | €816k | €748k | €694k | ▼ 7.2% |
| Amounts payable after more than one year17 | - | - | €7k | €992 | - | - |
| Financial debts170/4 | - | - | €7k | €992 | - | - |
| Amounts payable within one year42/48 | €907k | €839k | €809k | €747k | €694k | ▼ 7.1% |
| Current portion of amounts payable after more than one year42 | - | €6k | €12k | €12k | €7k | ▼ 42.8% |
| Trade debts44 | €36k | €6k | €14k | €13k | €2k | ▼ 82.7% |
| Suppliers440/4 | - | €6k | €14k | €13k | €2k | ▼ 82.7% |
| Taxes, remuneration and social security45 | - | €37k | €37k | €45k | €50k | ▲ 9.6% |
| Taxes450/3 | - | €37k | €37k | €45k | €50k | ▲ 9.6% |
| Other amounts payable47/48 | - | €790k | €747k | €677k | €636k | ▼ 6.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4k | €30k | €30k | €185k | €20k | ▼ 89.3% |
| + Depreciation and write-downs630 | €24k | €24k | €27k | €31k | €31k | ▲ 1.0% |
| Operating cash flow (approximation) | €28k | €55k | €57k | €215k | €51k | ▼ 76.4% |
| Investment in fixed assets (approximation) | - | €-22k | €-41k | €418k | €-13k | ▼ 103% |
| Change in cash | - | €-5k | €5k | €5k | €-3k | ▼ 159% |
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
2025
22-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 83 days late
2024
27-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 88 days late
2023
31-12
Financial
Highest result since 2018net €185k ▲522%
Operating result €59k, net result €185k, both a record.
31-12
Financial
Liquidity triplescurrent ratio 1.23
Current ratio from 0.44 to 1.23; short-term debt falls from €809k to €747k.
31-12
Financial
Equity above €200kEq €311k ▲146%
6 profitable years in a row build equity to €311k.
09-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 40 days late
2022
31-12
Financial
Equity above €100kEq €126k ▲30.8%
5 profitable years in a row build equity to €126k.
24-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 85 days late
2021
25-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 117 days late
2020
31-12
Financial
Weakest financial yearnet €4k ▼41.9%
Net result drops to €4k, the lowest in the series; recovery starts the following year.
30-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 122 days late
2019
25-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 86 days late
Show earlier events
2018
22-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 53 days late
2017
16-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 47 days late
2016
27-09
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 58 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, Couvin · 1 establishment unit since 2001
Ground area
8,588 m²
Building footprint
231 m²
Parcel 93026B0326/00E000, Wallonia. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
B.T. GROUP
since 20012.098.374.373
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 93026B0326/00E000 | Wallonia | 8,588 m² | 1 · 231 m² | - |
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.
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Of 24,727 companies in sector 64210 we hold annual accounts for 19,768. 13,775 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded14-06-2001
Fiscal year end31-12
Activities, NACEBEL 2025
55203Holiday cottages, homes and apartments
64210Activities of holding companies
43230Insulation installation
43350Other building finishing work
70200Business and other management consultancy
71112Activities of interior architects
Contact
Phone
060/34.46.26Couvin
Fax
060/39.09.89Couvin
Scores and ratios are computed by Checked and are not a credit decision.