Refuge Kapelleberg

Active

Private limited companyfounded 20215 yrs activeKapelleberg 16, 9680 Maarkedal, BelgiumKBO/BCE: BE 0761.830.575

Summary

The computed 12-month bankruptcy probability of Refuge Kapelleberg is 1.8% (moderate). The 2025 annual accounts show negative equity (€-16k) and a net result of €-23k. Equity is shrinking by ~40.4% per year across the filed fiscal years. Its solvency ranks better than 26% of 1304 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2025

44 / 100

Weak

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability59▲+8

Solvency20▼-7

Growth32=

Track record94

Bankruptcy probability, 12 months

1.8% Moderate

0%0.5%1.5%4%10%≥ 25%

No credit on open account

Liquidity short (current ratio 0.32 against 0.24 in 2024; short-term debt: 105.4% and cash: 26.6% of total assets), and equity is negative.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Five signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Annual accounts: weaker financial profile

The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

-5.4%

Return on assets

-7.9%

Age of the figures

9 mo

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

Sector 55

higher

← fewer bankruptcies more bankruptcies →

Negative equity

The 2025 annual accounts show negative equity and a net loss.

NBB · annual accounts 2025

Equity per financial year

2122232425

2021 to 2025 · latest year €-16k

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 04-07-2026, 27 days ahead of the deadline.

NBB · 5 filings

Deviation from the deadline

2025

27 d early

2024

23 d early

2023

29 d early

2022

26 d early

2021

23 d early

← before the deadline after the deadline →

Checked, nothing found (2)

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.

Companies Code · seven months

Position in the running window

24-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, micro schema

Equity

€-16k

2024 · €7k

2021: €33k 2022: €36k 2023: €52k 2024: €7k

2021 → 2025

Total assets

€296k▼ 7.4%

2024 · €319k

2021: €381k 2022: €400k 2023: €410k 2024: €319k

2021 → 2025

Net result

€-23k▲ 48.5%

2024 · €-45k

2021: €3k 2022: €3k 2023: €16k 2024: €-45k

2021 → 2025

Working capital

€-212k▲ 10.8%

2024 · €-238k

2021: €-290k 2022: €-309k 2023: €-249k 2024: €-238k

2021 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Equity€33k-€36k▲ 8.8%€52k▲ 45.3%€7k▼ 86.3%€-16k

Operating result€3k-€3k▼ 7.2%€17k▲ 448%€-47k€-23k▲ 50.7%

Net result€3k-€3k▼ 6.8%€16k▲ 458%€-45k€-23k▲ 48.5%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result stays negative: a loss of €23k in 2025 against €47k in 2024; the loss shrinks.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €293k

66.0%

34.0%

Fixed assets €193k ▼ 19.9%

Current assets €99k ▲ 34.1%

Key figures and ratios

2025 value · change against 2024

EBITDA

€42k▲

2024 · €17k

Cash flow

€42k▲

2024 · €19k

Solvency

-5.4%▼

2024 · 2.3%

Current ratio

0.32▲

2024 · 0.24

Debt to equity

-19.35▼

2024 · 43.41

ROA

-7.9%▲

2024 · -14.2%

Interest coverage

193.54▲

2024 · 96.04

Debt

€312k▼

2024 · €312k

Debt ≤ 1 year

€312k▼

2024 · €312k

Income taxes

€165▲

2024 · €128

Staff costs

€39k▲

2024 · €38k

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 · 2025 against 2024 · 42 lines

Balance sheet Code20242025

Assets

Total assets20/58€319k€296k▼

Formation expenses20€4k€3k▼

Fixed assets21/28€241k€193k▼

Intangible fixed assets21€129k€93k▼

Tangible fixed assets22/27€112k€100k▼

Land and buildings22€32k€28k▼

Plant, machinery and equipment23€65k€56k▼

Furniture and vehicles24€16k€16k▼

Current assets29/58€74k€99k▲

Amounts receivable within one year40/41€7k€18k▲

Trade receivables40€6k€18k▲

Other amounts receivable41€1k€835▼

Cash at bank and in hand54/58€67k€79k▲

Deferred charges and accrued income490/1€431€2k▲

Equity and liabilities

Total equity and liabilities10/49€319k€296k▼

Equity10/15€7k€-16k▼

Contributions10/11€30k€30k=

Profit (loss) carried forward14€-23k€-46k▼

Amounts payable17/49€312k€312k▼

Amounts payable within one year42/48€312k€312k▼

Trade debts44€10k€9k▼

Suppliers440/4€10k€9k▼

Advances received on contracts in progress46-€2k

Taxes, remuneration and social security45€4k€3k▼

Taxes450/3€190€941▲

Remuneration and social security454/9€4k€2k▼

Other amounts payable47/48€297k€297k=

Income statement Code20242025

Remuneration, social security and pensions62€38k€39k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€64k€65k▲

Other operating charges640/8€693€712▲

Gross operating margin9900€56k€82k▲

Operating profit (loss)9901€-47k€-23k▲

Financial income75/76B€2k€24▼

Recurring financial income75€2k€24▼

Financial charges65/66B€180€218▲

Recurring financial charges65€180€218▲

Profit (loss) for the period before taxes9903€-45k€-23k▲

Income taxes67/77€128€165▲

Profit (loss) for the period9904€-45k€-23k▲

Profit (loss) for the period to be appropriated9905€-45k€-23k▲

Appropriation of the result

Profit (loss) to be appropriated9906€-23k€-46k▼

Profit (loss) brought forward from the previous period14P€22k€-23k▼

The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 7Financial 2Filings 5

Next filing, fiscal year 2026, expected by 31-07-2027

2026

04-07

NBB filing Annual accounts filed

fiscal year 2025 · micro schema

2025

08-07

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

31-12

Financial Weakest financial yearnet €-45k ▼377%

Net result drops to €-45k, the lowest in the series; recovery starts the following year.

02-07

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

31-12

Financial Highest result since 2021net €16k ▲458%

Operating result €17k, net result €16k, both a record.

05-07

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2022

08-07

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

1 act for this company is 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, Maarkedal · 1 establishment unit since 2021

establishment The establishment unit on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Kapelleberg 169680 Maarkedal

Ground area

4,379 m²

Building footprint

656 m²

Parcel 45020A0488/00B000, Flanders. Linked by address, not a title deed.

1 establishment unit

Refuge Kapelleberg

Kapelleberg 16, 9680 MaarkedalAgents in non-specialised wholesale trade

since 20212.312.919.765

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
45020A0488/00B000	Flanders	4,379 m²	1 · 656 m²	-

Linked by address, not proof of ownership

Methodology

via registered seat: 1

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

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

Public money · subsidies and aid

Flemish government

2025 · 1 entry · 2,420 EUR awarded · 2,420 EUR paid

Year	Entries	awarded	paid
2025	1	2,420 EUR	2,420 EUR

Schemes

Retroactieve investeringspremie voor eigenaars van zonnepanelen na afschaffing van terugdraaiende teller

1 entry · 2,420 EUR · 2,420 EUR paid · Vlaams Energie- en Klimaatagentschap

Recognitions · licences · registrations

Food safety, FASFC

1 site

Maarkedal2.312.919.765

2 permissions

Toelating · Eetgelegenheid · since 26-08-2021

Kamer met ontbijt · since 01-06-2021

Similar companies · same sector, comparable size

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GREENSTONE COMPANY

BE 0542.539.311

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DONK 3

BE 0825.898.382

Sint-Katelijne-Waver · Eq €8,274

Of 732 companies in sector 55209 we hold annual accounts for 208. 83 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded20-01-2021

Fiscal year end31-12

Activities, NACEBEL 2025

55204Guest rooms (bed and breakfast)

55209Other holiday and short-stay accommodation

56301Cafés and bars

90312Arts creation and performing arts activities

Sources

Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers

Scores and ratios are computed by Checked and are not a credit decision.