Equity
€78,519 from €334,414 in 2010
Equity fell by 77% in 15 years.
RESIDENCE
Lifetime
20 annual accounts with figures on one time axis, 28 filings since 1998peak €87,268 (2010)
€64,899▲ 30.0%
lowest -€110,505 (2007)
-€30,699▼ €7,744
peak €334,414 (2010)
€78,519▼ 28.1%
€259,445▲ 57.5%
peak 1.3 FTE (2011)
-not published
Board4 names since 2018
2 directorsCharles NELLES and 1 other
Owners2 names in the annual accounts
100%J.M.M.J.
Documentsfilings and deeds
10-07-202621 days before the deadline
2025abbreviated format
Gross margin from €49,906 to €64,899Loss of €30,699Equity from €109,219 to €78,519Debts from €164,676 to €259,445Investments €94,805Cash from €7,393 to €25,365
Key points
from the 2025 annual accountsLosses
-€87,157 in six years
Every financial year from 2020 to 2025 closed with a loss. 2025 was the heaviest.
Debts
€259,445 77% of the balance sheet
Financial debts 44%Suppliers 19%Taxes and wages 3%Other 35%
Of this, €139,866 falls due within a year.
Investments
€94,805 2.7 × depreciation
Green is investment, beige is depreciation. Land and buildings stand 25.0% higher than in 2024.
Staff
4 employees on 31-12-2025
In 2025, 2 people joined and 1 left.
Filings
28 annual accounts since 1998
Six of the last ten came late. The 2016 accounts came latest: 29 days after the end of the period.
Checked score
81
Excellent
Financially stronger than 32% of micro companies in accommodation (NACE 55)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.6% across 2,522 companies (NACE 55, micro).
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024lowest value
02-2025: 0.1%● unchanged vs 01-2025lowest value
03-2025: 0.1%● unchanged vs 02-2025lowest value
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025
08-2025: 0.4%▲ +0.3 percentage points 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: 0.5%▲ +0.1 percentage points vs 03-2026
05-2026: 0.5%● unchanged vs 04-2026
06-2026: 0.5%● unchanged vs 05-2026
07-2026: 0.5%● unchanged vs 06-2026highest value
08-2026: 0.4%▼ -0.1 percentage points vs 07-2026
09-2026: 0.4%● unchanged vs 08-2026
10-2026: 0.4%● unchanged vs 09-2026
11-2026: 0.4%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Loss of €30,699, the second in a row (financial year 2025)
lowers risk
Size: total assets €337,964
Founded in 1998
Legal form: public limited company
Calculation
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 51% of them on solvency, 36% on liquidity, 24% on profitability and 18% on growth.
The bankruptcy probability was computed on 09-11-2026 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 31-12-2025.
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).
Comparable companies, two years later
In July 2024, 2,450 companies had the same profile as RESIDENCE has now. Each dot stands for 7 companies, two years later.
93.2%
were still trading
5.0%
stopped another way
1.5%
went bankrupt
Another 0.3% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of RESIDENCE itself: 0.4% within 12 months.
Test of the method
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 2,450 companies, not a prediction for RESIDENCE. 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.
Credit verdict
Credit of up to €6,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.21 (0.46 in 2024), below 1. Short-term debt is 41.4% and cash 7.5% of total assets. 76.8% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
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.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€30,699
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-07-2026, 21 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
21 days early
2024
22 days early
2023
28 days late
2022
24 days late
2021
17 days early
2020
16 days late
2019
14 days early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 1 day 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.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 14 July (4 of the last 5 accounts filed within 41 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0464947427
2 directors appointed, 1 resignation
Resignation: Dimitri DELVENNE · Appointments: Charles NELLES (managing director) and J.M.M.J. (managing director) · Permanent representatives: Sylvie HEINRICHS and Charles NELLES · Gazette deed
Resignation: Joseph Delvenne (managing director)
Appointment: Dimiri Delvenne (director) · General meeting of 02-07-2020 · Gazette deed
Capital decrease of €79,893.52 to €500,000
Capital from €579,893.52 to €500,000 · General meeting of 24-09-2019 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| RESIDENCE Malmedy | €337,964 | €64,899 | 23.2% | - |
| PROCESS DESIGN CENTER Wuustwezel | €364,794 | €63,030 | 78.3% | - |
| ROSARIO Bever | €364,831 | €71,905 | -230.5% | - |
| DE PENSOOL Voeren | €360,320 | €77,072 | 68.9% | - |
| Hoeve 6 Hooglede | €321,085 | €54,818 | 71.0% | - |
| CHÂTEAU THOR Lontzen | €397,571 | €84,941 | -126.6% | - |
| LES ALCIONS CONSULTING Aubel | €396,097 | €53,717 | 21.4% | - |
These companies have the same main activity as RESIDENCE: holiday cottages, homes and apartments (NACE 55203). They are comparable in size and age: total assets between €321,000 and €398,000, founded between 1993 and 2002.
Official details
Source: KBO- Status
- Active since 22-12-1998Normal situation
- Activity
- Holiday cottages, homes and apartmentsNACE 55203and 5 others
- Establishment unit
- 2.131.649.0364960 Malmedy, since 28-08-2000
- Financial year end
- 31 December
- Peppol
- Reachable since 22-12-2025
Annual accounts 2025
- ≈ €180,000estimated
- €337,964▲ 23.4%
- Employeeson 31-12-2025
- 4▲ 33.3%
- Filing
- Filed on 10-07-2026, 21 days before the end of the filing period
Insights on RESIDENCE
RESIDENCE files the abbreviated format. That format states no turnover. The gross margin rose from €23,160 in 2006 to €64,899 in 2025.
The balance sheet grew most in 2007 through fixed assets.
J.M.M.J. holds all the shares. In July 2024, the Official Gazette published the appointment of J.M.M.J. 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.
Key facts about RESIDENCE
- What is the company number of RESIDENCE?
- The company number of RESIDENCE is 0464.947.427. The VAT number is the same number with BE in front: BE 0464.947.427.
- Where is RESIDENCE based?
- The registered office is at Xhoffraix-Au-dessus des Trous 2, 4960 Malmedy.Company details
- What does RESIDENCE do?
- According to the KBO register, the main activity is holiday cottages, homes and apartments (NACE 55203).
- What is the legal form of RESIDENCE?
- RESIDENCE is a public limited company (NV).
- When was RESIDENCE founded?
- RESIDENCE was founded on 22-12-1998.
- Is RESIDENCE still active?
- Yes, RESIDENCE is an active enterprise in the KBO register.
- How many employees does RESIDENCE have?
- RESIDENCE had an average of 3.1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of RESIDENCE?
- The turnover in financial year 2025 is ≈ €180,000. This figure is estimated from the gross margin of €64,899 and 1,299 comparable companies of the same size. It probably lies between €110,000 and €350,000. It is a rough estimate.
- Is RESIDENCE profitable?
- In financial year 2025, RESIDENCE made a loss of €30,699.
- Where can I find the annual accounts of RESIDENCE?
- RESIDENCE filed 28 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of RESIDENCE due?
- RESIDENCE must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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