ACTIVE

OLD FLANDERS

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Financial year 2024 · Closed on 31/12/2024

Net result27,6 k €+201,8 %over 1 year
Gross margin175,7 k €+57,9 %over 1 year
Equity139,7 k €+24,6 %over 1 year

Identity

Source · BCE/KBO

OLD FLANDERS is a Public limited company incorporated in 1986. Its main activity is: Hotels and similar accommodation. Its registered office is in Middelkerke.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0429.906.770
Incorporation
27/11/1986
Legal form
Public limited company
Registered office
Lombardsijdelaan 163
8434 Middelkerke · FlandreSee on map
Contributed capital
62 000,00 €
Latest accounts
31/12/2024
Joint committees (1)
  • 302
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 19 filings

Trend over 17 financial years

20242023202220212018
Income statement
Gross margin175,7 k €111,3 k €177,7 k €170,1 k €139,8 k €
EBITDA39,7 k €-4,6 k €-15,5 k €26,6 k €34,7 k €
Operating result32,5 k €-26,1 k €-46,5 k €-322 €12,6 k €
Net result27,6 k €-27,1 k €-49,5 k €-8,3 k €4,5 k €
Balance sheet
Equity139,7 k €112,1 k €139,2 k €188,6 k €154,5 k €
Total assets281,7 k €204 k €202,5 k €253,8 k €290,8 k €
Cash59,4 k €23,3 k €41 k €72,8 k €81,3 k €
Debts142,1 k €91,9 k €63 k €64 k €52,3 k €
Other
Workforce–––––

Valuation

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2024

2 active · 16 ended

Active mandates

Bartholomeus Vitse

Managing director

Active
Regina Marie Sas

Director

Active

Ended mandates

Bart Vitse

Director · since 15 septembre 2015 · until 05 juin 2021

Ended
Bart Vitse

Managing director · since 15 septembre 2015 · until 05 juin 2021

Ended
Bart Vitse

Managing director · since 15 septembre 2015 · until 30 juin 2021

Ended
Bart Vitse

Managing director · since 15 septembre 2015

Ended

Full financial information

Source · NBB
202420232022202120202019
Type of accountMicro modelMicro modelMicro modelMicro modelMicro modelMicro model
Start of the financial year01/01/202401/01/202301/01/202201/01/202101/01/202001/01/2019
Closing of the financial year31/12/202431/12/202331/12/202231/12/202131/12/202031/12/2019
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date04/09/202523/06/202530/09/202329/09/202227/09/202110/10/2020
General meeting30/06/202501/06/202403/06/202330/06/202230/06/202131/08/2020
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 19 filings
ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202430/06/202504/09/2025DutchPDF
Micro model31/12/202301/06/202423/06/2025DutchPDF
Micro model31/12/202203/06/202330/09/2023DutchPDF
Micro model31/12/202130/06/202229/09/2022DutchPDF
Micro model31/12/202030/06/202127/09/2021DutchPDF
Micro model31/12/201931/08/202010/10/2020DutchPDF
Micro model31/12/201817/09/201917/09/2019DutchPDF
Micro model31/12/201730/06/201820/09/2018DutchPDF
Micro model31/12/201630/06/201709/08/2017DutchPDF
Abridged model31/12/201504/06/201620/06/2016DutchPDF
Abridged model31/12/201407/08/201531/08/2015DutchPDF
Abridged model31/12/201324/07/201431/07/2014DutchPDF
Abridged model31/12/201218/07/201306/08/2013DutchPDF
Abridged model31/12/201123/07/201228/08/2012DutchPDF
Abridged model31/12/201025/07/201129/08/2011DutchPDF
Abridged model31/12/200929/06/201002/08/2010DutchPDF
Abridged model31/12/200825/03/200924/04/2009DutchPDF
Abridged model31/12/200702/04/200805/05/2008DutchPDF
Abridged model31/12/200616/05/200714/06/2007DutchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 k€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan
Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Board of directors

Source · NBB, accounts to 31/12/2024

2 active · 16 ended

Active mandates

Bartholomeus Vitse

Managing director

Active
Regina Marie Sas

Director

Active

Ended mandates

Bart Vitse

Director · since 15 septembre 2015 · until 05 juin 2021

Ended
Bart Vitse

Managing director · since 15 septembre 2015 · until 05 juin 2021

Ended
Bart Vitse

Managing director · since 15 septembre 2015 · until 30 juin 2021

Ended
Bart Vitse

Managing director · since 15 septembre 2015

Ended

Ownership and network

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Try for 7 days

Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates27/12/2022
    ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING
    PDF
  • Mandates24/12/2019
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates01/06/2016
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other18/01/2012
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Mandates07/01/2011
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates17/11/2009
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates20/06/2008
    ONTSLAGEN - BENOEMINGEN
    PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

  1. 2024
    Annual accounts 202427,6 k €↑
  2. 2023
    Annual accounts 2023-27,1 k €↑
  3. 2022
    Annual accounts 2022-49,5 k €↓
  4. 2021
    Annual accounts 2021-8,3 k €↓
  5. 2018
    Annual accounts 20184,5 k €↓
  6. 2017
    Annual accounts 201786,5 k €↓
  7. 2016
    Annual accounts 2016154,2 k €↑
  8. 2015
    Annual accounts 201574,9 k €↑
  9. 2014
    Annual accounts 2014-34,8 k €↑
  10. 2013
    Annual accounts 2013-41,2 k €↓
  11. 2012
    Annual accounts 2012-36,7 k €↓
  12. 2011
    Annual accounts 2011-35 k €↑
  13. 2010
    Annual accounts 2010-39,1 k €↓
  14. 2009
    Annual accounts 200922,1 k €↑
  15. 2008
    Annual accounts 200812,6 k €↑
  16. 2007
    Annual accounts 2007-20,1 k €↑
  17. 2006
    Annual accounts 2006-59,2 k €
  18. 27/11/1986
    IncorporationPublic limited company