Financials
Financial year 2025
S&D HOTELS from Kortrijk, company number BE0699722762, closed financial year 2025 with a result of € 333,998 after tax. For that financial year S&D HOTELS recorded a gross margin of € 1.7 million and equity of € 1.5 million. Compared with financial year 2024, the result moved from € 432,450 to € 333,998. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on June 8, 2026.
€ 1.5 million
▲ 11% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 333,998
▼ 23% vs 2024
Profit after tax over the fiscal year.
€ 127,259
▲ 72% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 188,380 paid out
56 % of the profit went to the shareholders, mostly to VADOMAR (99 % of the shares). That is where the money ends up.
People and assets in 2025
17.5
▼ 1.1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 936,952
▼ 1% vs 2024
€ 53,500 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.
€ 173,960
▲ 223% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 68,255
▼ 29% vs 2024
€ 19,759 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 122,592
▲ 49% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 136,723
▼ 3% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 1,504,279 | € 1,466,141 | € 1,760,662 | € 1,679,741 | ▼ 5% |
| Profit after taxes | € 459,424 | € 168,926 | € 432,450 | € 333,998 | ▼ 23% |
| Equity | € 1,060,803 | € 1,136,411 | € 1,321,718 | € 1,465,716 | ▲ 11% |
| Total debts | € 491,565 | € 655,443 | € 662,113 | € 830,513 | ▲ 25% |
| Cash | € 60,263 | € 121,262 | € 73,818 | € 127,259 | ▲ 72% |
| Land & buildings | € 463,671 | € 889,641 | € 1,078,046 | € 1,147,437 | ▲ 6% |
| Retained profit | € 1,010,803 | € 1,071,106 | € 1,258,034 | € 1,403,652 | ▲ 12% |
| Dividend | € 257,244 | € 92,293 | € 245,522 | € 188,380 | ▼ 23% |
| Bank debt | € 0 | € 0 | € 95,546 | € 68,255 | ▼ 29% |
| Balance sheet total | € 1,553,282 | € 1,791,854 | € 1,983,832 | € 2,296,228 | ▲ 16% |
| Employees (FTE) | 18.4 | 19.2 | 18.6 | 17.5 | ▼ 1.1 |
Key figures of S&D 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 S&D HOTELS?
What happened at S&D 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 € 333,998 (▼ 23% vs 2024). Source: NBB ↗
- New establishment in Kortrijk. KBO
- New establishment in Kortrijk. KBO
- New establishment in Kortrijk. KBO
- New establishment in Kortrijk. KBO
- Start of the company according to the CBE. KBO
In short
From € 459,424 profit in 2022 to € 333,998 profit in 2025.
Paid € 165,052 in corporate taxes since 2022.
Best year ever: 2022, with € 459,424 profit.
On average € 96,000 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 VADOMAR comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
S&D HOTELSBehind S&D HOTELS are VADOMAR BV and KLAAS LAUWERS. The shares are held by VADOMAR (99%).
Directors
According to the 2025 annual accounts
Director · represented by DOMINIQUE VANDEWALLE
KLAAS LAUWERS
Director
Shareholders
99%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Groeningestraat(Kor) 17
8500 Kortrijk
Groeningestraat(Kor) 39
8500 Kortrijk
Active since 7 July 2018
Groeningestraat(Kor) 23
8500 Kortrijk
Active since 7 July 2018
Groeningestraat(Kor) 19
8500 Kortrijk
Active since 7 July 2018
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 4 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
- 0699.722.762
- VAT number
- BE 0699.722.762
- Registered office
- Groeningestraat(Kor) 17, 8500 Kortrijk
- Names & denominations
- S&D HOTELS
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 7 July 2018
- Peppol
- Active · Active since 5 Mar 2024
- Activities · NACE
Hotels en dergelijke accommodatie