Zandhotel
ActiveZandhotel has been active since 1982 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.99M and a net result of €11k. Equity remains stable across the filed fiscal years (±2.4% per year). Its solvency ranks better than 62% of 375 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
74
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability69=
Solvency72=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €140k at 30 days acceptable
Liquidity short (current ratio 0.97 against 1.36 in 2024; short-term debt: 15.7% and cash: 5.1% of total assets), and 52.8% 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 · 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
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
47.2%
Return on assets
0.3%
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
Sector 55
higher
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 09-09-2026, 40 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
40 d late
2024
29 d late
2023
27 d late
2022
60 d late
2021
122 d late
2020
90 d late
2019
122 d late
← 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
17-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€11k▲ 102%
2024 · €5k
2018: €133k
2019: €12k
2020: €-398k
2021: €-182k
2022: €-39k
2023: €117k
2024: €5k
2018 → 2025
Working capital
€-17k
2024 · €175k
2018: €-263k
2019: €-365k
2020: €-558k
2021: €-547k
2022: €-507k
2023: €184k
2024: €175k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.96M-€1.90M▼ 2.7%€2.01M▲ 5.4%€1.99M▼ 0.8%€1.99M▼ 0.1%
Operating result€-163k-€-22k▲ 86.4%€143k€18k▼ 87.7%€17k▼ 5.4%
Net result€-182k-€-39k▲ 78.6%€117k€5k▼ 95.4%€11k▲ 102%
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 5% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.22M
Fixed assets
€3.57M▼ 0.1%
Current assets
€645k▼ 3.2%
Equity and liabilities €4.22M
Equity
€1.99M▼ 0.1%
Debt
€2.23M▼ 1.0%
The debt ratio falls from 53.1% to 52.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
€384k▲
2024 · €315k
Cash flow
€378k▲
2024 · €303k
Solvency
47.2%▲
2024 · 46.9%
Current ratio
0.97▼
2024 · 1.36
Quick ratio
0.96▼
2024 · 1.34
Debt / equity
1.12▼
2024 · 1.13
ROE
0.5%▲
2024 · 0.3%
ROA
0.3%▲
2024 · 0.1%
Interest coverage
12.27▼
2024 · 12.93
Debt
€2.23M▼
2024 · €2.25M
Debt ≤ 1 year
€662k▲
2024 · €491k
Debt > 1 year
€1.56M▼
2024 · €1.72M
Income taxes
€1k▼
2024 · €4k
Staff costs
€388k▲
2024 · €337k
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€4.24M€4.22M▼
Fixed assets21/28€3.57M€3.57M▼
Tangible fixed assets22/27€3.57M€3.57M▼
Land and buildings22€839k€836k▼
Plant, machinery and equipment23€2.73M€2.70M▼
Furniture and vehicles24€828€38k▲
Financial fixed assets28€887€887=
Current assets29/58€666k€645k▼
Amounts receivable after more than one year29€57k€42k▼
Other amounts receivable291€57k€42k▼
Stocks and contracts in progress3€10k€6k▼
Stocks30/36€10k€6k▼
Amounts receivable within one year40/41€304k€356k▲
Trade receivables40€23k€17k▼
Other amounts receivable41€281k€339k▲
Cash at bank and in hand54/58€279k€215k▼
Deferred charges and accrued income490/1€15k€26k▲
Equity and liabilities
Total equity and liabilities10/49€4.24M€4.22M▼
Equity10/15€1.99M€1.99M▼
Contributions10/11€1.46M€1.46M=
Capital10€1.46M€1.46M=
Issued capital100€1.46M€1.46M=
Reserves13€573k€573k=
Non-distributable reserves130/1€136k€136k=
Legal reserve130€136k€136k=
Tax-exempt reserves132€19k€19k=
Distributable reserves133€419k€419k=
Profit (loss) carried forward14€-88k€-77k▲
Investment grants15€49k€36k▼
Amounts payable17/49€2.25M€2.23M▼
Amounts payable after more than one year17€1.72M€1.56M▼
Financial debts170/4€951k€789k▼
Other amounts payable178/9€771k€771k=
Amounts payable within one year42/48€491k€662k▲
Current portion of amounts payable after more than one year42€160k€162k▲
Financial debts43€2k€0▼
Credit institutions430/8€2k€0▼
Trade debts44€30k€193k▲
Suppliers440/4€30k€193k▲
Advances received on contracts in progress46-€172
Taxes, remuneration and social security45€63k€67k▲
Taxes450/3€18k€15k▼
Remuneration and social security454/9€45k€53k▲
Other amounts payable47/48€235k€240k▲
Accrued charges and deferred income492/3€36k€5k▼
Income statement
Code20242025
Remuneration, social security and pensions62€337k€388k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€298k€367k▲
Other operating charges640/8€171k€98k▼
Gross operating margin9900€823k€870k▲
Operating profit (loss)9901€18k€17k▼
Financial income75/76B€16k€27k▲
Recurring financial income75€16k€27k▲
Financial charges65/66B€24k€31k▲
Recurring financial charges65€24k€31k▲
Profit (loss) for the period before taxes9903€9k€12k▲
Income taxes67/77€4k€1k▼
Profit (loss) for the period9904€5k€11k▲
Profit (loss) for the period to be appropriated9905€5k€11k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-88k€-77k▲
Profit (loss) brought forward from the previous period14P€-93k€-88k▲
Social balance
Average headcount (FTE)90876.67.2▲
The notes to these accounts (21 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
09-09
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 40 days late
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 29 days late
2024
27-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 27 days late
2023
31-12
Financial
Back to profitnet €117k
Net result €117k after 3 loss-making years.
31-12
Financial
Liquidity triplescurrent ratio 1.17
Current ratio from 0.45 to 1.17.
31-12
Financial
Equity above €2MEq €2.01M ▲5.4%
Equity rises from €1.90M to €2.01M.
29-09
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 60 days late
2022
30-11
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 122 days late
2021
29-10
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 90 days late
2020
31-12
Financial
Weakest financial yearnet €-398k ▼3516%
Net result drops to €-398k, the lowest in the series; recovery starts the following year.
30-11
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 122 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 30 days late
2018
20-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Brugge · 1 establishment unit since 1983
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.
't Zand 13-158000 BruggeGround area
698 m²
Building footprint
715 m²
Volume, LiDAR
7,567 m³
Parcel 31804D1457/00G000, Flanders · tallest building 18.6 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
MEMLING
since 19832.023.857.488
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31804D1457/00G000 | Flanders | 698 m² | 1 · 715 m² | 18.6 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel 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
2023 to 2025 · 3 entries · 77,756 EUR awarded · 3,843 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 49,581 EUR | 3,843 EUR |
| 2024 | 1 | 24,332 EUR | 0 EUR |
| 2023 | 1 | 3,843 EUR | 0 EUR |
Schemes
Logiessubsidie: steun voor erkend toeristisch logies
Recognitions · licences · registrations
Food safety, FASFC
1 siteBrugge2.023.857.488
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BELGIPAR
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Ivenco
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Of 2,395 companies in sector 55100 we hold annual accounts for 1,516. 797 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded11-12-1982
Fiscal year end31-12
Activities, NACEBEL
55100Hotels and similar accommodation
55101Hotels
55401
56301Cafés and bars
Sources
Crossroads Bank for EnterprisesNational Bank · 43 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.