Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
-
Tight liquidity NBB
Cash and receivables cover 37 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Pillows Grand Hotel Reylof from Gent, company number BE0835196130, closed financial year 2025 with a result of € 596,287 after tax. For that financial year Pillows Grand Hotel Reylof recorded revenue of € 15.8 million and equity of € -2 million. Compared with financial year 2024, the result moved from € 724,572 to € 596,287. The company is profitable. 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 August 26, 2026.
€ -2 million
▲ € 596,287 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 596,287
▼ 18% vs 2024
Profit after tax over the fiscal year.
€ 1.3 million
▲ 188% 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 € -19.5 million.
People and assets in 2025
98.6
▲ 3.1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 6.4 million
▲ 15% vs 2024
€ 65,300 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.
€ 302,953
▼ 35% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 1.2 million
▼ 29% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 57 days on average.
€ 989,712
▲ 11% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 12,061,822 | € 13,628,594 | € 15,141,047 | € 15,821,162 | ▲ 4% |
| Profit after taxes | € -1,705,665 | € -1,135,741 | € 724,572 | € 596,287 | ▼ 18% |
| Equity | € -2,136,354 | € -3,272,094 | € -2,547,522 | € -1,951,235 | ▲ € 596,287 |
| Total debts | € 7,607,415 | € 7,894,424 | € 6,359,304 | € 5,868,428 | ▼ 8% |
| Cash | € 669,457 | € 692,031 | € 467,456 | € 1,343,986 | ▲ 188% |
| Land & buildings | € 356,666 | € 68,938 | € 58,536 | € 46,480 | ▼ 21% |
| Retained profit | € -19,698,474 | € -20,834,214 | € -20,109,642 | € -19,513,355 | ▲ € 596,287 |
| Bank debt | € 194,048 | € 274,951 | € 112,735 | € 0 | ▼ 100% |
| Balance sheet total | € 5,471,062 | € 4,622,330 | € 3,811,782 | € 3,917,192 | ▲ 3% |
| Employees (FTE) | 80.6 | 89.2 | 95.5 | 98.6 | ▲ 3.1 |
Key figures of Pillows Grand Hotel Reylof, 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 Pillows Grand Hotel Reylof?
What happened at Pillows Grand Hotel Reylof in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 596,287 (▼ 18% vs 2024). filed late Source: NBB ↗
- New establishment in Gent. KBO
- Louise Dingemans became a director. NBB
- Mascha Bianca Ligthart became a director. NBB
- New establishment in Gent. KBO
- Start of the company according to the CBE. KBO
In short
From € 1.7 million loss in 2022 to € 596,287 profit in 2025.
Paid € 5,667 in corporate taxes since 2022.
Best year ever: 2024, with € 724,572 profit.
Pays suppliers within 57 days on average.
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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 Pillows Grand Hotel Reylof are Louise Dingemans and Mascha Bianca Ligthart. The shares are held by CMN Holding B.V. (100%).
Directors
According to the 2025 annual accounts
since 2018
since 2018
Shareholders
CMN Holding B.V.
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Hoogstraat 36
9000 Gent
Kraanlei 33
9000 Gent
Active since 1 July 2025
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 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
- 0835.196.130
- VAT number
- BE 0835.196.130
- Registered office
- Hoogstraat 36, 9000 Gent
- Names & denominations
- Pillows Grand Hotel Reylof
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 31 March 2011
- Peppol
- Active · Active since 3 Nov 2025
- Activities · NACE
Hotels en dergelijke accommodatie