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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Tight liquidity NBB
Cash and receivables cover 40 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
62 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
VDB Hotels from Gent, company number BE0643547488, closed financial year 2025 with a result of € 56,102 after tax. For that financial year VDB Hotels recorded a gross margin of € 2.8 million and equity of € 1.5 million. Compared with financial year 2024, the result moved from € -109,691 to € 56,102. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on August 26, 2026.
€ 1.5 million
▲ 4% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 56,102
▲ still € 109,691 loss in 2024
Profit after tax over the fiscal year.
€ 645,718
▼ 34% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € -3.5 million.
People and assets in 2025
44.1
▲ 0.9 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 2.1 million
▲ 1% vs 2024
€ 47,200 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.
€ 133,952
▲ 1% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 3.1 million
▼ 16% vs 2024
€ 594,988 is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 813,820
▲ 10% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 259,890
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 2,501,765 | € 2,761,704 | € 3,055,434 | € 2,841,161 | ▼ 7% |
| Profit after taxes | € -125,602 | € -130,630 | € -109,691 | € 56,102 | ▲ € 165,793 |
| Equity | € 1,668,806 | € 1,538,176 | € 1,428,485 | € 1,484,586 | ▲ 4% |
| Total debts | € 7,423,955 | € 6,516,532 | € 5,721,026 | € 5,238,702 | ▼ 8% |
| Cash | € 1,134,515 | € 880,435 | € 972,227 | € 645,718 | ▼ 34% |
| Land & buildings | € 3,824,432 | € 3,687,845 | € 3,551,258 | € 3,414,671 | ▼ 4% |
| Retained profit | € -3,331,194 | € -3,461,824 | € -3,571,515 | € -3,515,414 | ▲ € 56,102 |
| Bank debt | € 4,824,582 | € 4,270,888 | € 3,703,757 | € 3,122,865 | ▼ 16% |
| Balance sheet total | € 9,092,761 | € 8,054,708 | € 7,149,511 | € 6,723,288 | ▼ 6% |
| Employees (FTE) | 35.2 | 39.3 | 43.2 | 44.1 | ▲ 0.9 |
Key figures of VDB Hotels, 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 VDB Hotels?
What happened at VDB Hotels in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 56,102. filed late Source: NBB ↗
- Koenraad Belsack became a director. NBB
- New establishment in Machelen (Brab.). KBO
- Start of the company according to the CBE. KBO
- VD Solutions BV became a director. NBB
In short
From € 125,602 loss in 2022 to € 56,102 profit in 2025.
Paid € 447 in corporate taxes since 2022.
Best year ever: 2025, with € 56,102 profit.
On average € 64,400 of value added per employee in 2025.
A new publication or filing at VDB Hotels? We notify you, reason included.
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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
Behind VDB Hotels are Koenraad Belsack and VD Solutions BV. Koenraad Belsack is also behind UPGRADE ESTATE GROUP, TER DOENAERT, WESTATE, HOTEL SAINT - SAUVEUR and Timi UpKot.
Directors
According to the 2025 annual accounts
Koenraad Belsack
Director
Also active at: UPGRADE ESTATE GROUP, TER DOENAERT, WESTATE, HOTEL SAINT - SAUVEUR, Timi UpKot, 10 Upkot, Gandia, Upliving Ghent - Queen +45 more
since 2018
Director · represented by Tom Van Damme
since 2015
Establishments
Establishment units
Physical locations of this company
Amelia Earhartlaan 2 box 201
9051 Gent
Grensstraat 3
1831 Machelen (Brab.)
Active since 23 November 2015
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 62 companies are registered at this address.
All companies at this address →UPGRADE ESTATE GROUP same network
€ 3 million gross margin · 2025
WESTATE same network
€ 40,264 gross margin · 2025
Timi UpKot same network
€ 643,357 gross margin · 2025
10 Upkot same network
€ 289,659 gross margin · 2025
Gandia same network
€ 43,171 gross margin · 2025
+57 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
GOOGLE-CLOUD-PLATFORM - Google LLC, US
Website info
Features
Security
Details
- Company number
- 0643.547.488
- VAT number
- BE 0643.547.488
- Registered office
- Amelia Earhartlaan 2 bus 201, 9051 Gent
- Names & denominations
- VDB Hotels
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 23 November 2015
- Peppol
- Active · Active since 30 Oct 2025
- Contact
- upoffiz.be
- Activities · NACE
Hotels en dergelijke accommodatie
Cafés en bars