STILTEHOEVE
ActiveSummary
STILTEHOEVE has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€1.2m) and a net result of -€99,971. Equity is shrinking by ~20.3% per year across the filed fiscal years. Its solvency ranks better than 6% of 391 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability69▼-6
Solvency0=
Growth55=
Track record100
Bankruptcy probability, 12 months
< 0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.51 against 0.74 in 2024; short-term debt: 3.6% and cash: 0% of total assets), and equity is negative.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · 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 2025Solvency, return and age of the figures
Solvency
-67.5%
Return on assets
-5.5%
Age of the figures
9 mo
raises risk · 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
Accommodation (NACE 55)
about 6% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€1.2m
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 02-07-2026, 29 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
29 d early
2024
64 d late
2023
97 d late
2022
9 d late
2021
3 d late
2020
58 d late
2019
49 d late
← 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 36 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 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 9 August (4 of the last 5 filed years within 55 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
In the rankings
#2 company by total assets in Damme, Accommodation and food service sector#10 oldest company in Damme, Accommodation and food service sector
Turnover
€16,620▼ 3.4%
2024 · €17,202
EBIT margin
-600.9%▲ 7.4pp
2024 · -608.3%
Net result
-€99,971▲ 4.8%
2024 · -€104,999
Working capital
-€32,745▼ 195%
2024 · -€11,097
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 55, Accommodation, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€0€7,209€17,202▲ 139%€16,620▼ 3.4%
Operating result-€138,541▼ 1.0%-€147,246▼ 6.3%-€62,120▲ 57.8%-€104,640▼ 68.4%-€99,868▲ 4.6%
Net result-€138,777below the sector's middle half▼ 0.8%-€147,379below the sector's middle half▼ 6.2%-€62,469below the sector's middle half▲ 57.6%-€104,999below the sector's middle half▼ 68.1%-€99,971below the sector's middle half▲ 4.8%
EBIT margin-861.7%-608.3%▲ 253.4pp-600.9%▲ 7.4pp
Equity-€646,881below the sector's middle half▼ 27.3%-€794,260below the sector's middle half▼ 22.8%-€982,464below the sector's middle half▼ 23.7%-€1.1mbelow the sector's middle half▼ 13.1%-€1.2mbelow the sector's middle half▼ 11.2%
Total assets€2.4mwithin the sector's middle half▼ 6.2%€2.2mwithin the sector's middle half▼ 5.7%€2.0mwithin the sector's middle half▼ 8.9%€1.9mwithin the sector's middle half▼ 5.5%€1.8mwithin the sector's middle half▼ 5.2%
Debt€3.0m▼ 0.6%€3.0m▲ 0.4%€3.0m▼ 0.4%€3.0m▲ 0.6%€3.1m▲ 0.8%
Working capital€24,786within the sector's middle half▲ 60.0%€5,079within the sector's middle half▼ 79.5%-€7,345within the sector's middle half-€11,097within the sector's middle half▼ 51.1%-€32,745within the sector's middle half▼ 195%
Solvency-27.2%below the sector's middle half▼ 7.2pp-35.4%below the sector's middle half▼ 8.2pp-48.1%below the sector's middle half▼ 12.7pp-57.6%below the sector's middle half▼ 9.5pp-67.5%below the sector's middle half▼ 9.9pp
Current ratio1.98above the sector's middle half▲ 0.621.14within the sector's middle half▼ 0.840.71within the sector's middle half▼ 0.430.74within the sector's middle half▲ 0.030.51within the sector's middle half▼ 0.23
Return on assets (ROA)-5.8%below the sector's middle half▼ 0.4pp-6.6%below the sector's middle half▼ 0.7pp-3.1%within the sector's middle half▲ 3.5pp-5.4%below the sector's middle half▼ 2.4pp-5.5%below the sector's middle half=
Staff (FTE)
above
within
below
the middle half (P25 to P75) of NACE 55, Accommodation, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €99,868 in 2025 against €104,640 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.8m
Fixed assets
€1.8m ▼ 5.4%
Current assets
€34,024 ▲ 8.6%
Equity and liabilities
Equity-€1.2m
Debt€3.1m
Equity is negative: debt (€3.1m) exceeds the balance-sheet total (€1.8m).
Key figures and ratios
EBITDA
€2,582▼
2024 · €20,734
Cash flow
€2,480▼
2024 · €20,375
Interest coverage
9.93▼
2024 · 57.65
Debt ≤ 1 year
€66,769▲
2024 · €42,415
Debt > 1 year
€3.0m=
2024 · €3.0m
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,242 companies that looked in July 2024 the way this one looks now, 1.9% went bankrupt within 24 months and 93% are still going.
- Small
- 20 years or older
- negative equity
- a small loss
1.9%
went bankrupt
4.0%
stopped otherwise
93%
still going
A further 1.4% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: < 0.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 1,242 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | €0 | €7,209 | €17,202 | €16,620 | ▼ 3.4% |
| Non-recurring operating income76A | €20 | €0 | €107,789 | €0 | €0 | - |
| Goods, raw materials, services and sundry goods60/61 | €3,352 | €10,606 | €3,204 | €11,011 | €27,916 | ▲ 154% |
| Remuneration, social security and pensions62 | €0 | €0 | €0 | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €148,068 | €147,959 | €147,669 | €125,374 | €102,451 | ▼ 18.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €0 | - | €0 | - | - |
| Other operating charges640/8 | €12,033 | €4,574 | €5,295 | €9,584 | €10,209 | ▲ 6.5% |
| Non-recurring operating charges66A | €1,894 | - | €45,076 | €0 | €41 | - |
| Gross operating margin9900 | €23,454 | €5,287 | €135,921 | €30,318 | €12,832 | ▼ 57.7% |
| Operating profit (loss)9901 | -€138,541 | -€147,246 | -€62,120 | -€104,640 | -€99,868 | ▲ 4.6% |
| Financial income75/76B | - | €0 | - | €0 | €157 | ▲ 36,519% |
| Recurring financial income75 | - | €0 | - | €0 | €157 | ▲ 36,519% |
| Non-recurring financial income76B | €0 | €0 | - | - | - | - |
| Financial charges65/66B | €236 | €133 | €349 | €360 | €260 | ▼ 27.7% |
| Recurring financial charges65 | €236 | €133 | €349 | €360 | €260 | ▼ 27.7% |
| Non-recurring financial charges66B | €0 | - | - | - | - | - |
| Profit (loss) for the period before taxes9903 | -€138,777 | -€147,379 | -€62,469 | -€104,999 | -€99,971 | ▲ 4.8% |
| Profit (loss) for the period9904 | -€138,777 | -€147,379 | -€62,469 | -€104,999 | -€99,971 | ▲ 4.8% |
| Profit (loss) for the period to be appropriated9905 | -€138,777 | -€147,379 | -€62,469 | -€104,999 | -€99,971 | ▲ 4.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €2.4m | €2.2m | €2.0m | €1.9m | €1.8m | ▼ 5.2% |
| Formation expenses20 | €0 | €0 | €0 | €0 | - | - |
| Fixed assets21/28 | €2.3m | €2.2m | €2.0m | €1.9m | €1.8m | ▼ 5.4% |
| Intangible fixed assets21 | €0 | €0 | €0 | €0 | - | - |
| Tangible fixed assets22/27 | €2.3m | €2.2m | €2.0m | €1.9m | €1.8m | ▼ 5.4% |
| Land and buildings22 | €2.3m | €2.1m | €2.0m | €1.9m | €1.8m | ▼ 5.4% |
| Plant, machinery and equipment23 | €17,260 | €10,556 | €4,142 | €631 | €0 | ▼ 100% |
| Furniture and vehicles24 | €38,876 | €22,566 | €6,255 | €145 | €0 | ▼ 100% |
| Leasing and similar rights25 | - | €0 | - | €0 | - | - |
| Other tangible fixed assets26 | - | €0 | - | €0 | - | - |
| Assets under construction and advance payments27 | €6,050 | €26,337 | €0 | €0 | - | - |
| Financial fixed assets28 | €1,774 | €1,774 | €0 | €0 | - | - |
| Current assets29/58 | €50,135 | €42,260 | €17,687 | €31,318 | €34,024 | ▲ 8.6% |
| Amounts receivable after more than one year29 | - | €0 | - | €0 | - | - |
| Trade receivables290 | - | €0 | - | €0 | - | - |
| Other amounts receivable291 | - | €0 | - | €0 | - | - |
| Stocks and contracts in progress3 | - | €0 | - | €0 | - | - |
| Stocks30/36 | - | €0 | - | €0 | - | - |
| Contracts in progress37 | - | €0 | - | €0 | - | - |
| Amounts receivable within one year40/41 | €14,171 | €10,140 | €8,849 | €25,750 | €33,831 | ▲ 31.4% |
| Trade receivables40 | - | €0 | - | €0 | - | - |
| Other amounts receivable41 | €14,171 | €10,140 | €8,849 | €25,750 | €33,831 | ▲ 31.4% |
| Current investments50/53 | - | €0 | - | €0 | - | - |
| Cash at bank and in hand54/58 | €19,463 | €15,620 | €8,838 | €5,568 | €193 | ▼ 96.5% |
| Deferred charges and accrued income490/1 | €16,500 | €16,500 | - | €0 | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €2.4m | €2.2m | €2.0m | €1.9m | €1.8m | ▼ 5.2% |
| Equity10/15 | -€646,881 | -€794,260 | -€982,464 | -€1.1m | -€1.2m | ▼ 11.2% |
| Contributions10/11 | - | €191 | €191 | €191 | €191 | = |
| Capital10 | - | €191 | €191 | €191 | €191 | = |
| Revaluation surpluses12 | - | €0 | - | €0 | - | - |
| Reserves13 | - | €0 | - | €0 | - | - |
| Profit (loss) carried forward14 | -€1.2m | -€1.4m | -€1.4m | -€1.5m | -€1.6m | ▼ 6.5% |
| Investment grants15 | €564,975 | €564,975 | €439,239 | €415,112 | €390,985 | ▼ 5.8% |
| Provisions and deferred taxes16 | - | €0 | - | €0 | - | - |
| Provisions for liabilities and charges160/5 | - | €0 | - | €0 | - | - |
| Pensions and similar obligations160 | - | €0 | - | €0 | - | - |
| Taxes161 | - | €0 | - | €0 | - | - |
| Major repairs and maintenance162 | - | €0 | - | €0 | - | - |
| Environmental obligations163 | - | €0 | - | €0 | - | - |
| Other liabilities and charges164/5 | - | €0 | - | €0 | - | - |
| Deferred taxes168 | - | €0 | - | €0 | - | - |
| Amounts payable17/49 | €3.0m | €3.0m | €3.0m | €3.0m | €3.1m | ▲ 0.8% |
| Amounts payable after more than one year17 | €3.0m | €3.0m | €3.0m | €3.0m | €3.0m | = |
| Financial debts170/4 | €3.0m | €3.0m | €3.0m | €3.0m | €3.0m | = |
| Trade debts175 | - | €0 | - | €0 | - | - |
| Advances received on contracts in progress176 | - | €0 | - | €0 | - | - |
| Other amounts payable178/9 | - | €0 | - | €0 | - | - |
| Amounts payable within one year42/48 | €25,349 | €37,181 | €25,032 | €42,415 | €66,769 | ▲ 57.4% |
| Current portion of amounts payable after more than one year42 | - | €0 | - | €0 | €0 | - |
| Financial debts43 | - | €0 | - | €0 | - | - |
| Credit institutions430/8 | - | €0 | - | €0 | - | - |
| Other loans439 | - | €0 | - | €0 | - | - |
| Trade debts44 | €4,839 | €11,312 | €2,158 | €11,652 | €5,204 | ▼ 55.3% |
| Suppliers440/4 | €4,839 | €11,312 | €2,158 | €11,652 | €5,204 | ▼ 55.3% |
| Bills of exchange payable441 | - | €0 | - | €0 | - | - |
| Advances received on contracts in progress46 | - | €0 | - | €0 | - | - |
| Taxes, remuneration and social security45 | - | €0 | - | €0 | - | - |
| Taxes450/3 | - | €0 | - | €0 | - | - |
| Remuneration and social security454/9 | - | €0 | - | €0 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€138,777 | -€147,379 | -€62,469 | -€104,999 | -€99,971 | ▲ 4.8% |
| + Depreciation and write-downs630 | €148,068 | €147,959 | €147,669 | €125,374 | €102,451 | ▼ 18.3% |
| Operating cash flow (approximation) | €9,291 | €580 | €85,200 | €20,375 | €2,480 | ▼ 87.8% |
| Investment in fixed assets (approximation) | - | -€20,287 | €28,112 | €0 | €0 | - |
| Change in cash | - | -€3,844 | -€6,782 | -€3,270 | -€5,375 | ▼ 64.4% |
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
Next filing, fiscal year 2026, expected by
2026
02-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
03-10
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 64 days late
2024
05-11
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 97 days late
2023
09-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 9 days late
2022
03-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 3 days late
2021
27-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 58 days late
2020
31-12
Financial
Liquidity times 62current ratio 1.36
Current ratio from 0.02 to 1.36; short-term debt falls from €2.6m to €42,801.
18-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 49 days late
2019
31-12
Financial
Weakest financial yearnet -€148,146
Net result drops to -€148,146, the lowest in the series; recovery starts the following year.
09-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 9 days late
2018
17-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
27-04
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 14 acts read
About the unread acts
We know of 14 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
No directors read yet: 0 of 14 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Damme
Ground area
2,957 m²
Building footprint
170 m²
Volume, LiDAR
1,026 m³
Parcel 31019A0309/00F000, Flanders · tallest building 9.7 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31019A0309/00F000 | Flanders | 2,957 m² | 1 · 170 m² | 9.7 m · 2 fl. |
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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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 1,853 companies in this sector we hold annual accounts for 451. See the whole sector
Company details
Identification
Legal formNon-profit association
Founded31-08-2000
Fiscal year end31-12
Activities, NACEBEL 2025
55204Guest rooms (bed and breakfast)
96999Other personal services
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
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If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.