TERHILLS HOTEL
ActiveTERHILLS HOTEL has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €701k and a net result of €47k. Equity is growing by ~20.6% per year across the filed fiscal years. Its solvency ranks better than 42% of 374 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
86
/ 100
Excellent▲ +38 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability36▲+9
Solvency59▲+30
Growth85=
Stability100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €60k at 30 days acceptable
Liquidity ample (current ratio 1.77 against 0.61 in 2024), but 72.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
27.1%
Return on assets
1.8%
Age of the figures
8 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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
Sector 55
higher
← fewer bankruptcies
more bankruptcies →
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 09-06-2026, 52 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
52 d early
2024
51 d early
2023
62 d early
2022
62 d early
2021
48 d early
2020
50 d early
2019
44 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
15-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
€4.60M▲ 14.4%
2024 · €4.02M
2018: €1.27M
2019: €2.01M
2020: €1.39M
2021: €2.31M
2022: €3.39M
2023: €3.55M
2024: €4.02M
2018 → 2025
EBIT margin
2.1%▲ 0.5pp
2024 · 1.6%
2018: -28.2%
2019: -12.2%
2020: -24.7%
2021: 2.5%
2022: 6.3%
2023: 3.1%
2024: 1.6%
2018 → 2025
Net result
€47k▲ 200%
2024 · €16k
2018: €-371k
2019: €-266k
2020: €-363k
2021: €38k
2022: €195k
2023: €86k
2024: €16k
2018 → 2025
Working capital
€418k
2024 · €-460k
2018: €95k
2019: €-69k
2020: €-1.33M
2021: €630k
2022: €242k
2023: €62k
2024: €-460k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€2.31M-€3.39M▲ 46.6%€3.55M▲ 4.9%€4.02M▲ 13.1%€4.60M▲ 14.4%
Equity€338k-€533k▲ 57.7%€619k▲ 16.1%€635k▲ 2.5%€701k▲ 10.5%
Operating result€59k-€212k▲ 263%€109k▼ 48.8%€65k▼ 40.2%€99k▲ 51.9%
Net result€38k-€195k▲ 408%€86k▼ 55.9%€16k▼ 81.7%€47k▲ 200%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 52% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.59M
Fixed assets
€1.63M▼ 11.0%
Current assets
€963k▲ 36.2%
Equity and liabilities €2.59M
Equity
€701k▲ 10.5%
Debt
€1.89M▼ 0.6%
The debt ratio falls from 75.0% to 72.9%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€398k▲
2024 · €329k
Cash flow
€347k▲
2024 · €280k
Solvency
27.1%▲
2024 · 25.0%
Current ratio
1.77▲
2024 · 0.61
Quick ratio
1.69▲
2024 · 0.57
Debt / equity
2.69▼
2024 · 2.99
ROE
6.8%▲
2024 · 2.5%
ROA
1.8%▲
2024 · 0.6%
Interest coverage
7.71▲
2024 · 6.64
Debt
€1.89M▼
2024 · €1.90M
Debt ≤ 1 year
€544k▼
2024 · €1.17M
Debt > 1 year
€1.23M▲
2024 · €650k
Income taxes
€368▲
2024 · €209
Staff costs
€1.34M▲
2024 · €1.25M
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€2.53M€2.59M▲
Fixed assets21/28€1.83M€1.63M▼
Intangible fixed assets21€369k€261k▼
Tangible fixed assets22/27€1.46M€1.37M▼
Land and buildings22€163k€165k▲
Plant, machinery and equipment23€126k€130k▲
Furniture and vehicles24€105k€103k▼
Other tangible fixed assets26€1.06M€968k▼
Assets under construction and advance payments27€0-
Current assets29/58€707k€963k▲
Stocks and contracts in progress3€46k€40k▼
Stocks30/36€46k€40k▼
Goods purchased for resale34€46k€40k▼
Amounts receivable within one year40/41€250k€133k▼
Trade receivables40€244k€125k▼
Other amounts receivable41€6k€8k▲
Cash at bank and in hand54/58€349k€756k▲
Deferred charges and accrued income490/1€62k€34k▼
Equity and liabilities
Total equity and liabilities10/49€2.53M€2.59M▲
Equity10/15€635k€701k▲
Contributions10/11€1.30M€1.30M=
Capital10€1.30M€1.30M=
Issued capital100€1.30M€1.30M=
Profit (loss) carried forward14€-665k€-618k▲
Investment grants15-€19k
Amounts payable17/49€1.90M€1.89M▼
Amounts payable after more than one year17€650k€1.23M▲
Financial debts170/4€650k€1.23M▲
Subordinated loans170€650k€1.23M▲
Amounts payable within one year42/48€1.17M€544k▼
Current portion of amounts payable after more than one year42€754k€100k▼
Trade debts44€211k€165k▼
Suppliers440/4€211k€165k▼
Advances received on contracts in progress46€14k€117k▲
Taxes, remuneration and social security45€189k€161k▼
Taxes450/3€16k€13k▼
Remuneration and social security454/9€172k€148k▼
Other amounts payable47/48€438€662▲
Accrued charges and deferred income492/3€83k€117k▲
Income statement
Code20242025
Operating income70/76A€4.03M€4.60M▲
Turnover70€4.02M€4.60M▲
Other operating income74€946€4k▲
Non-recurring operating income76A€9k€0▼
Operating charges60/66A€3.97M€4.50M▲
Goods for resale, raw materials and consumables60€645k€759k▲
Purchases600/8€652k€753k▲
Change in stocks: decrease (increase)609€-7k€6k▲
Services and other goods61€1.76M€2.04M▲
Remuneration, social security and pensions62€1.25M€1.34M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€264k€299k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€13k
Other operating charges640/8€42k€45k▲
Non-recurring operating charges66A€3k€6k▲
Operating profit (loss)9901€65k€99k▲
Financial income75/76B€593€1k▲
Recurring financial income75€593€1k▲
Other financial income752/9€593€1k▲
Financial charges65/66B€50k€52k▲
Recurring financial charges65€50k€52k▲
Debt charges650€50k€52k▲
Other financial charges652/9€45€402▲
Profit (loss) for the period before taxes9903€16k€48k▲
Income taxes67/77€209€368▲
Taxes670/3€209€368▲
Profit (loss) for the period9904€16k€47k▲
Profit (loss) for the period to be appropriated9905€16k€47k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-665k€-618k▲
Profit (loss) brought forward from the previous period14P€-681k€-665k▲
Social balance
Average headcount (FTE)908722.921.2▼
The notes to these accounts (72 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
09-06
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Liquidity triplescurrent ratio 1.77
Current ratio from 0.61 to 1.77; short-term debt falls from €1.17M to €544k.
10-06
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
30-05
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
30-05
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Highest result since 2018net €195k ▲408%
Operating result €212k, net result €195k, both a record.
31-12
Financial
Equity above €500kEq €533k ▲57.7%
2 profitable years in a row build equity to €533k.
13-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Back to profitnet €38k
Net result €38k after 3 loss-making years.
31-12
Financial
Liquidity times 9current ratio 2.33
Current ratio from 0.27 to 2.33; short-term debt falls from €1.81M to €472k.
31-12
Financial
Equity above €200kEq €338k
Equity rises from €-200k to €338k.
11-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
17-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
12-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
9 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, Hasselt · 1 establishment unit since 2018
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.
Kempische steenweg 3113500 HasseltGround area
6,957 m²
Building footprint
3,726 m²
Volume, LiDAR
63,723 m³
2 parcels, Flanders · tallest building 31.0 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
Terhills Hotels NV
since 20182.274.536.271
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71322A0540/00D003 | Flanders | 4,205 m² | 1 · 3,726 m² | 31.0 m · 6 fl. |
| 73013C0247/00P002 | Flanders | 2,752 m² | - | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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
2022 to 2025 · 4 entries · 202,500 EUR awarded · 2,500 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 200,000 EUR | 0 EUR |
| 2024 | 1 | 500 EUR | 500 EUR |
| 2023 | 1 | 500 EUR | 500 EUR |
| 2022 | 1 | 1,500 EUR | 1,500 EUR |
Schemes
Erfgoedpremie voor beschermde monumenten en landschappen - standaardprocedure
Stagebonus (stopgezet)
Recognitions · licences · registrations
Food safety, FASFC
1 siteMaasmechelen2.274.536.271
Dual-learning approval
3 live approvals · 11 endedKeukenmedewerker (vwo)
Keukenmedewerker duaal (so)
Medewerker kamerdienst duaal (so)
Similar companies · same sector, comparable size
Hôtel Albert
BE 0627.860.511
Antwerpen · Eq €702k
CAMPAGENT
BE 0433.457.762
Gent · Eq €706k
ASHG Hasselt Express
BE 0684.579.181
Hasselt · Eq €696k
HOTEL - RESTAURANT DE BASILIEK
BE 0420.994.747
Edegem · Eq €707k
SCHUMAN
BE 0472.455.128
Zaventem · Eq €695k
Of 2,384 companies in sector 55100 we hold annual accounts for 1,507. 1,031 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded14-03-2018
Fiscal year end31-12
Activities, NACEBEL
55100Hotels and similar accommodation
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.