Turnover
The micro format states no turnover.
In July 2024, 1,548 companies had the same profile as WOLF has now. Each dot stands for 4 companies, two years later.
Another 0.6% stopped without a precise date, possibly only after those two years.
The method was tested on the 497,331 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 1,548 companies, not a prediction for WOLF. 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.
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.
| Company | ||||
|---|---|---|---|---|
| WOLF Bruges | €134,703 | €37,871 | 18.0% | - |
| A&E Culinair Maaseik | €115,957 | €40,299 | 85.5% | - |
| The Hotel Company Ghent | €135,208 | €36,795 | 49.1% | - |
| ORANJE CITY Diest | €122,899 | €26,877 | 29.2% | - |
| Espace 43 Namur | €99,812 | €32,659 | 27.4% | - |
| LoveLie Zaventem | €99,912 | €24,040 | 60.8% | - |
| STEKKEBEEN Ghent | €85,636 | €43,774 | 85.5% | 0 |
These companies have the same main activity as WOLF: hotels and similar accommodation (NACE 55100). They are comparable in size and age: total assets between €85,600 and €135,000, founded between 2020 and 2022.
WOLF files the micro format. That format states no turnover. The gross margin rose from €10,504 in 2022 to €37,871 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €150,000. Estimated: probably between €92,000 and €270,000.
Higher than 47% of 1,843 companies in 2025.
Higher than 9% of 1,786 companies in 2025.
Higher than 35% of 1,813 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
Staff costs divided by the average number of full-time equivalents.
| Line | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet: assets | |||||
20/58 |
134,703 | 158,185 | 172,814 | 165,600 | |
20 |
6,867 | 9,528 | 12,189 | 12,189 | |
21/28 |
123,174 | 139,358 | 150,514 | 142,141 | |
22/27 |
123,174 | 139,358 | 150,514 | 142,141 | |
24 |
123,174 | 139,358 | 150,514 | 142,141 | |
29/58 |
4,661 | 9,299 | 10,111 | 11,270 | |
3 |
- | 700 | - | - | |
30/36 |
- | 700 | - | - | |
40/41 |
447 | 728 | 430 | 1,473 | |
41 |
447 | 728 | 430 | 1,473 | |
54/58 |
4,214 | 7,871 | 9,681 | 9,797 | |
| Balance sheet: equity and liabilities | |||||
10/49 |
134,703 | 158,185 | 172,814 | 165,600 | |
10/15 |
24,280 | 26,212 | 26,200 | 622 | |
10/11 |
500 | 500 | 500 | 500 | |
13 |
23,780 | 25,712 | 25,700 | 122 | |
133 |
23,780 | 25,712 | 25,700 | 122 | |
17/49 |
110,423 | 131,973 | 146,614 | 164,977 | |
17 |
1,878 | 13,092 | 24,210 | 35,232 | |
170/4 |
1,878 | 13,092 | 24,210 | 35,232 | |
42/48 |
108,545 | 118,881 | 122,404 | 129,745 | |
42 |
11,214 | 11,118 | 11,014 | 10,928 | |
44 |
1,752 | 2,956 | 6,384 | 1,417 | |
440/4 |
1,752 | 2,956 | 6,384 | 1,417 | |
46 |
- | - | 60 | - | |
45 |
- | 227 | - | 1,479 | |
450/3 |
- | - | - | 1,479 | |
454/9 |
- | 227 | - | - | |
47/48 |
95,579 | 104,579 | 104,946 | 115,921 | |
| Income statement | |||||
9900 |
37,871 | 31,376 | 36,135 | 10,504 | |
62 |
19,224 | 14,519 | 5,945 | 6,076 | |
630 |
18,844 | 13,817 | - | 2,853 | |
640/8 |
1,387 | 2,639 | 4,125 | 956 | |
9901 |
-1,584 | 401 | 26,065 | 620 | |
75/76B |
0 | 34 | - | 1 | |
75 |
0 | 34 | - | 1 | |
65/66B |
349 | 423 | 488 | 498 | |
65 |
349 | 423 | 488 | 498 | |
9903 |
-1,932 | 12 | 25,577 | 122 | |
9904 |
-1,932 | 12 | 25,577 | 122 | |
9905 |
-1,932 | 12 | 25,577 | 122 | |
| Appropriation of the result | |||||
9906 |
-1,932 | 12 | 25,577 | 122 | |
791/2 |
1,932 | - | - | - | |
691/2 |
- | 12 | 25,577 | 122 | |
6921 |
- | 12 | 25,577 | 122 | |
| Social balance sheet | |||||
9087 |
3.8 | - | 1.4 | - | |
Hours worked1013 |
812 | - | - | - | |
| Document | |||||
The notes to these accounts have 5 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 02-07-2026.
| Year | Entries | Awarded | Paid |
|---|---|---|---|
| 2024 | 1 | €0 | €450 |
| 2023 | 1 | €450 | €0 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| 17,261 | 14,218 | - | 3,473 | ||
| 16,912 | 13,829 | - | 2,975 | ||
| 2,661 | 2,661 | 8,373 | 143,878 | ||
| -3,657 | -1,810 | -117 | - | ||
| -103,884 | -109,582 | -112,293 | -118,475 | ||
| 18.0% | 16.6% | 15.2% | 0.4% | ||
| 0.04 | 0.08 | 0.08 | 0.09 | ||
| 0.04 | 0.07 | 0.08 | 0.09 | ||
| 4.55 | 5.03 | 5.60 | - | ||
| -8.0% | 0.0% | 97.6% | - | ||
| -1.4% | 0.0% | 14.8% | 0.1% | ||
| 49.51 | 33.61 | - | 6.97 |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 31-12-2025 | 31-12-2023 |
|---|---|---|
| Employees at the balance-sheet date | 4 | - |
| part-time | 4 | - |
| in full-time equivalents | 0.6 | - |
| 0.6 | 0.3 |
Source: social balance sheet in the 2023 to 2025 annual accounts
| Item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Tangible fixed assets | - | - | €8,373 | €143,878 |
| €18,844 | €13,817 | - | €2,853 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is a loss of €1,584, after a profit of €401 in 2024. It is the lowest result since 2022.
Debt's share of the balance-sheet total falls from 83.4% to 82.0%. Equity and debt are lower.
WOLF has no parent and no holdings in its annual accounts. WOLF shares no director with another company.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number | FASFC approval |
|---|---|---|---|
| Cordoeaniersstraat 15 registered office 8000 Bruges | 24-03-2021 | 2.315.465.917 | Bed-and-breakfast |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 31806F0656/00A000 | 226 m² | 1 · 188 m² | 14.0 m · 3 |
1 of these parcels carries protected heritage. Expect extra rules on renovation or sale.
If something looks wrong or is missing, please tell us.