Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 26 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
RUSTOORD DE VLAAMSE ARDENNEN from Horebeke, company number BE0458288673, closed financial year 2025 with a result of € -606,067 after tax. For that financial year RUSTOORD DE VLAAMSE ARDENNEN recorded revenue of € 7.2 million and equity of € -1.1 million. Compared with financial year 2024, the result moved from € -181,802 to € -606,067. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 23, 2026.
€ -1.1 million
▼ € 606,067 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -606,067
▼ 233 % more loss than in 2024
Profit after tax over the fiscal year.
€ 11,041
▲ 4% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -1.8 million.
People and assets in 2025
67.7
▲ 1.5 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 5 million
▲ 9% vs 2024
€ 74,600 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 89,712
▼ 9% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 2.4 million
▲ 100% vs 2024
Loans from banks and other lenders, long and short.
€ 611,266
▲ 5% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 920,213
▲ 9% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | - | € 7,235,253 | € 7,356,193 | € 7,177,296 | ▼ 2% |
| Gross margin | € 5,040,386 | € 5,064,416 | € 4,726,717 | € 4,792,237 | ▲ 1% |
| Profit after taxes | € -62,340 | € -99,876 | € -181,802 | € -606,067 | ▼ € 424,265 |
| Equity | € -224,679 | € -324,556 | € -506,358 | € -1,112,425 | ▼ € 606,067 |
| Total debts | € 2,432,425 | € 2,682,796 | € 2,927,729 | € 4,303,414 | ▲ 47% |
| Cash | € 11,373 | € 10,968 | € 10,627 | € 11,041 | ▲ 4% |
| Land & buildings | - | - | - | € 72,776 | |
| Retained profit | € -888,679 | € -988,556 | € -1,170,358 | € -1,776,425 | ▼ € 606,067 |
| Bank debt | € 752,156 | € 517,927 | € 1,221,704 | € 2,438,404 | ▲ 100% |
| Balance sheet total | € 2,207,746 | € 2,358,240 | € 2,421,371 | € 3,190,989 | ▲ 32% |
| Employees (FTE) | 70.5 | 68.1 | 66.2 | 67.7 | ▲ 1.5 |
Key figures of RUSTOORD DE VLAAMSE ARDENNEN, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to RUSTOORD DE VLAAMSE ARDENNEN?
What happened at RUSTOORD DE VLAAMSE ARDENNEN in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 606,067. Source: NBB ↗
- Korian Belgium NV became a director. NBB
- SL Finance NV became a director. NBB
- New establishment in Horebeke. KBO
- New establishment in Horebeke. KBO
- Start of the company according to the CBE. KBO
In short
From € 62,340 loss in 2022 to € 606,067 loss in 2025.
Paid € 5,998 in corporate taxes since 2022.
On average € 70,800 of value added per employee in 2025.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of KORIAN BELGIUM comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
RUSTOORD DE VLAAMSE ARDENNENBehind RUSTOORD DE VLAAMSE ARDENNEN are Korian Belgium NV and SL Finance NV. The shares are held by CORDIA HOLDING NV (99.9%), SL Invest NV (0.1%) and KORIAN BELGIUM.
Directors
According to the 2025 annual accounts
Managing director · represented by Dominiek Beelen
Owns 0.1% via SL Invest NV · Owns 99.9% via CORDIA HOLDING NV
Also active at: FEDERATIE DER RUSTOORDEN VAN BELGIE (MR-MRS) - FEDERATION DES MAISONS DE REPOS PRIVEES DE BELGIQUE, Senior Living Group Vlaanderen, Résidence 3, HOME INGENDAEL, Nouvelle Résidence Le Saule, Ten Prins, Home Eksterveld, VALDAMI +84 more
since 2018
Director · represented by Liesbet Danneels
Owns 0% via SL Invest NV
Also active at: Senior Living Group Vlaanderen, Résidence 3, HOME INGENDAEL, Nouvelle Résidence Le Saule, Ten Prins, Home Eksterveld, VALDAMI, Home Résidence du Plateau +80 more
since 2018
Shareholders
CORDIA HOLDING NV · holding of Korian Belgium NV
99.9%
SL Invest NV · holding of SL Finance NV
0.1%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Kromstraat 5
9667 Horebeke
Dorpsstraat 14B
9667 Horebeke
Active since 20 September 2010
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0458.288.673
- VAT number
- BE 0458.288.673
- Registered office
- Kromstraat 5, 9667 Horebeke
- Names & denominations
- RUSTOORD DE VLAAMSE ARDENNEN
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 24 June 1996
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Rust- en verzorgingstehuizen (RVT)
Rusthuizen voor ouderen (ROB)