Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 45 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
SANTIAGO from Gent, company number BE0874619306, closed financial year 2025 with a result of € 15,201 after tax. For that financial year SANTIAGO recorded a gross margin of € 234,696 and equity of € 453,596. Compared with financial year 2024, the result moved from € 82,910 to € 15,201. 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 July 30, 2026.
€ 453,596
▲ 3% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 15,201
▼ 82% vs 2024
Profit after tax over the fiscal year.
€ 9,896
▼ 88% 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 € 195,046.
People and assets in 2025
€ 120,555
▼ 4% vs 2024
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 32,742
▲ € 31,682 vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 598,850
▼ 4% vs 2024
€ 101,845 is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 35,726
▲ 78% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 36,246
▼ 21% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 233,285 | € 243,773 | € 330,629 | € 234,696 | ▼ 29% |
| Profit after taxes | € 50,089 | € 26,249 | € 82,910 | € 15,201 | ▼ 82% |
| Equity | € 358,816 | € 370,485 | € 438,395 | € 453,596 | ▲ 3% |
| Total debts | € 904,245 | € 854,988 | € 735,625 | € 702,128 | ▼ 5% |
| Cash | € 169,247 | € 97,547 | € 83,061 | € 9,896 | ▼ 88% |
| Land & buildings | € 1,024,385 | € 998,271 | € 972,156 | € 946,042 | ▼ 3% |
| Retained profit | € 100,266 | € 111,935 | € 179,845 | € 195,046 | ▲ 8% |
| Dividend | € 51,173 | € 14,580 | € 15,000 | € 0 | ▼ 100% |
| Bank debt | € 830,322 | € 752,184 | € 625,986 | € 598,850 | ▼ 4% |
| Balance sheet total | € 1,263,060 | € 1,225,473 | € 1,174,020 | € 1,155,724 | ▼ 2% |
Key figures of SANTIAGO, 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 SANTIAGO?
What happened at SANTIAGO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 15,201 (▼ 82% vs 2024). Source: NBB ↗
- An Raemaekers became a director. NBB
- New establishment in Gent. KBO
- Rudy De Wit became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 50,089 profit in 2022 to € 15,201 profit in 2025.
Paid € 50,253 in corporate taxes since 2022.
Best year ever: 2024, with € 82,910 profit.
Paid out € 80,752 in dividends to the owners in total.
Management
Behind SANTIAGO are An Raemaekers and Rudy De Wit. Rudy De Wit is also behind Toerisme Oost-Vlaanderen, DE WIT and BEHEERSMAATSCHAPPIJ DE WIT.
Directors
According to the 2025 annual accounts
An Raemaekers
Director
since 2010
since 2005
Establishments
Establishment units
Physical locations of this company
Kortrijksesteenweg 735 box 1
9000 Gent
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
OVH, FR
Website info
Features
Security
Details
- Company number
- 0874.619.306
- VAT number
- BE 0874.619.306
- Registered office
- Kortrijksesteenweg 735 bus 1, 9000 Gent
- Names & denominations
- SANTIAGO · restaurant santiago hotel cathedral bed & breakfast santiaago
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 16 June 2005
- Peppol
- Active · Active since 29 Dec 2025
- Contact
- hotelcathedral.be
- Activities · NACE
Hotels en dergelijke accommodatie