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SANDESHOVED

Active
Private limited companyfounded 200224 yrs activeGoethalsstraat 1, 8620 Nieuwpoort, BelgiumKBO/BCE: BE 0476.500.028
Summary

SANDESHOVED has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €4.1m and a net result of €2.5m. Equity remains stable across the filed fiscal years (±1.2% per year). Its solvency ranks better than 64% of 32 sector peers (fiscal year 2026). The computed 12-month bankruptcy probability is < 0.1% (very low).

Risk analysisWatch ReportCompare
SANDESHOVEDActiveChecked score 98/100
Risk analysis ReportCompare

Overview

Activity
Hotels and similar accommodation
NACE 55100Hotels NACE 55101
#2 employer in Nieuwpoort, Accommodation and food service sector5 sites
Size
€13.2mturnover 2026
Staff
47.4 FTE
Equity
€4.1m
Profit
€2.5m
Financial health
98 Excellent Checked score 2026
Bankruptcy chance 12 m
< 0.1%
Structure
Parent
C-Hotel · 99.92%
Accounts 6 d early0 of 8 deeds read
Why 98+ Liquidity: current ratio 1.33, cash €4.5m+ Founded in 2002+ Equity €4.1m (48.9% of total assets)+ Size: turnover €13.2m, 47.4 FTE, total assets €8.5mShow the evidence

Checked score

Score 2026
98 / 100
Excellent
Probability in this band: under 0.55%
Better than 80% of its sector peers (NACE 55, small)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2025
Strong
Solvency 74-4
equity 48.9% of total assets
Liquidity 80+20
short-term debt 42.4% · cash 53.1%
Profitability 100=
return on assets 29.8%
Bankruptcy probability, 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.4% (579 companies)
Last 24 months 11-2024: 0.1% 12-2024: 0.1%● 0.0% vs 11-2024 01-2025: 0.1%● 0.0% vs 12-2024 02-2025: 0.1%● 0.0% vs 01-2025 03-2025: 0.1%▼ -4.5% vs 02-2025 04-2025: 0.1%● 0.0% vs 03-2025 05-2025: 0.1%▲ +4.7% vs 04-2025 06-2025: 0.1%▲ +5.6% vs 05-2025 07-2025: 0.1%▲ +1.1% vs 06-2025 08-2025: 0.1%▲ +49.5% vs 07-2025highest value 09-2025: < 0.1%▼ -66.2% vs 08-2025 10-2025: < 0.1%● 0.0% vs 09-2025 11-2025: < 0.1%● 0.0% vs 10-2025 12-2025: < 0.1%● 0.0% vs 11-2025 01-2026: < 0.1%● 0.0% vs 12-2025 02-2026: < 0.1%● 0.0% vs 01-2026 03-2026: < 0.1%▼ -2.1% vs 02-2026lowest value 04-2026: < 0.1%● 0.0% vs 03-2026lowest value 05-2026: < 0.1%▲ +2.1% vs 04-2026 06-2026: < 0.1%▲ +2.1% vs 05-2026 07-2026: < 0.1%● 0.0% vs 06-2026 08-2026: 0.1%▲ +10.2% vs 07-2026 09-2026: < 0.1%▼ -11.1% vs 08-2026 10-2026: < 0.1%● 0.0% vs 09-2026
  • Liquidity: current ratio 1.33, cash €4.5m lowers the probability
  • Founded in 2002 lowers the probability for this profile
  • Equity €4.1m (48.9% of total assets) lowers the probability
  • Size: turnover €13.2m, 47.4 FTE, total assets €8.5m lowers the probability for this profile
Credit up to €400,000 at 30 days acceptable
Liquidity tight (current ratio 1.33 against 1.35 in 2025; short-term debt: 42.4% and cash: 53.1% of total assets), and 51.1% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 55, small). Better than this share of them on solvency 69%, liquidity 95%, profitability 99%, growth against the median 57%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 06-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Liquidity: current ratio 1.33, cash €4.5m
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
lowers risk · Founded in 2002
In the bankruptcy model this factor lowers the probability for this profile.
KBO
lowers risk · Equity €4.1m (48.9% of total assets)
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
lowers risk · Size: turnover €13.2m, 47.4 FTE, total assets €8.5m
In the bankruptcy model this factor lowers the probability for this profile.
NBB · annual accounts
lowers risk · Growing equity
Reported equity is higher than in 2024 and did not fall compared with 2025. These amounts do not establish the cause of the change.
NBB · annual accounts 2026
Equity per financial year
1920212223242526
2019 to 2026 · latest year €4.1m
neutral · Latest accounts filed on time
The financial year that closed on 31-01-2026 was due by 31-08-2026 and was filed on 25-08-2026, 6 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2026
6 d early
2025
2 d early
2024
3 d late
2023
on the day
2022
27 d late
2021
28 d late
2020
on the day
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 7 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 45% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-01-2027 and is due by 31-08-2027. Nothing is late today. Usually files around 31 August (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
07-10-2026 today31-01-2027 close31-08-2027 deadline
neutral · 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
  1. Annual accounts filedfiscal year 2026 · full…
  2. Highest result since 2019net €2.5m ▲21.2%
  3. Annual accounts filedfiscal year 2025 · full…

Key points

  • Positive: Among the best 5% on net resultsector median €2,049 · 32 companies €2.5m View
  • Positive: 5 years of growth in a rowturnover 2026: €13.2m 5 years View
  • Controlled by C-Hotel 99.92% View
  • Flemish supportawarded 2023 - 2025 €151,290 View

By topic

Financials

Fiscal year
2026
Turnover
€13.2m
Profit
€2.5m
Solvency
48.9%
Turnover▲ 3.5%
Net result
20192026
Go to Financials

Timeline

Events
12
Since
2017
Next accounts
by 31-08-2027
  1. 25-08-2026Annual accounts filed
  2. 31-01-2026Highest result since 2019
  3. 29-08-2025Annual accounts filed
Go to Timeline

Company details

Sites
5
Legal form
Private limited company
Activity
Hotels and similar accommodationNACE 55100
Founded
09-01-2002
Year ends
31-01
Peppol
Reachable for e-invoices
Go to Company details

Go further with this company

How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Is the workforce growing, and do people stay?Employer check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Subsidies

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