ACTIVE

HOTEL INVESTMENT FUND

Financial year 2025 · Closed on 31/12/2025

Net result-117,5 k €-39,2 %over 1 year
Gross margin561,3 k €+0,4 %over 1 year
Equity1,9 M €-5,9 %over 1 year

Identity

Source · BCE/KBO

HOTEL INVESTMENT FUND is a Public limited company incorporated in 2018. Its registered office is in Middelkerke.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0701.732.345
Incorporation
24/08/2018
Legal form
Public limited company
Registered office
Vakantiestraat 1
8434 Middelkerke · FlandreSee on map
Contributed capital
250 000,00 €
Latest accounts
31/12/2025
Signals
Good liquidityPositive cashflowPositive EBITDA

Financials

Source · NBB, 7 filings

Trend over 7 financial years

20252024202320222021
Income statement
Gross margin561,3 k €559,3 k €265,6 k €1,7 M €293,4 k €
EBITDA537 k €542,2 k €246,6 k €1,6 M €292 k €
Operating result193,3 k €213,5 k €-23,8 k €1,5 M €141 k €
Net result-117,5 k €-84,4 k €-227,9 k €1,3 M €-99,2 k €
Balance sheet
Equity1,9 M €2 M €2,1 M €2,3 M €-579,9 k €
Total assets8,8 M €9,3 M €9,4 M €7,2 M €5 M €
Cash34,1 k €46,8 k €52,3 k €318,1 k €4 k €
Debts7 M €7,3 M €7,3 M €4,9 M €5,6 M €

Valuation

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

4 active · 14 ended

Active mandates

BELCOAST HOLDING

Director · since 02 octobre 2023 · until 01 octobre 2029 · 0479.856.228

Represented by Stefanie SURMONT

Active
DEVAN HOLDING

Director · since 02 octobre 2023 · until 01 octobre 2029 · 0548.676.441

Represented by Steve DEGRIECK

Active
GROEP CAENEN HOLDING

Director · since 02 octobre 2023 · until 01 octobre 2029 · 0879.758.623

Represented by Gregory Caenen

Active
VERCAEMST

Director · since 02 octobre 2023 · until 01 octobre 2029 · 0864.073.624

Represented by Inge DECUYPERE

Active

Ended mandates

GROEP CAENEN HOLDING

Director · since 02 octobre 2023 · until 01 octobre 2029 · 0879.758.623

Represented by Gregory CAENEN

Ended
BELCOAST HOLDING

Director · since 23 août 2018 · until 23 août 2024 · 0479.856.228

Represented by Surmont STEFANIE

Ended
DEVAN HOLDING

Director · since 23 août 2018 · until 23 août 2024 · 0548.676.441

Represented by Degrieck STEVE

Ended
GROEP CAENEN HOLDING

Director · since 23 août 2018 · until 23 août 2024 · 0879.758.623

Represented by Caenen GREGORY

Ended

Other companies at this address

Vakantiestraat 1 8434 Middelkerke
CompanyCBE no.
1005.703.621
0429.092.465
Groep Zeegalm● Active
0649.958.002
0738.904.824
WESTBAY HOTEL● Active
0833.731.727

Full financial information

Source · NBB
202520242023202220212020
Type of accountMicro modelMicro modelMicro modelMicro modelMicro modelMicro model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date19/03/202624/04/202508/07/202428/07/202315/06/202227/08/2021
General meeting17/03/202604/04/202525/04/202430/06/202321/03/202231/05/2021
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, 7 filings
ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202517/03/202619/03/2026DutchPDF
Micro model31/12/202404/04/202524/04/2025DutchPDF
Micro model31/12/202325/04/202408/07/2024DutchPDF
Micro model31/12/202230/06/202328/07/2023DutchPDF
Micro model31/12/202121/03/202215/06/2022DutchPDF
Micro model31/12/202031/05/202127/08/2021DutchPDF
Micro model31/12/201931/05/202022/12/2020DutchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 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 31/12/2025

4 active · 14 ended

Active mandates

BELCOAST HOLDING

Director · since 02 octobre 2023 · until 01 octobre 2029 · 0479.856.228

Represented by Stefanie SURMONT

Active
DEVAN HOLDING

Director · since 02 octobre 2023 · until 01 octobre 2029 · 0548.676.441

Represented by Steve DEGRIECK

Active
GROEP CAENEN HOLDING

Director · since 02 octobre 2023 · until 01 octobre 2029 · 0879.758.623

Represented by Gregory Caenen

Active
VERCAEMST

Director · since 02 octobre 2023 · until 01 octobre 2029 · 0864.073.624

Represented by Inge DECUYPERE

Active

Ended mandates

GROEP CAENEN HOLDING

Director · since 02 octobre 2023 · until 01 octobre 2029 · 0879.758.623

Represented by Gregory CAENEN

Ended
BELCOAST HOLDING

Director · since 23 août 2018 · until 23 août 2024 · 0479.856.228

Represented by Surmont STEFANIE

Ended
DEVAN HOLDING

Director · since 23 août 2018 · until 23 août 2024 · 0548.676.441

Represented by Degrieck STEVE

Ended
GROEP CAENEN HOLDING

Director · since 23 août 2018 · until 23 août 2024 · 0879.758.623

Represented by Caenen GREGORY

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates03/07/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates05/10/2023
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - DOEL - ONTSLAGEN - BENOEMINGEN
    PDF
  • Other28/08/2018
    RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
    PDF

Similar companies

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

See the Business plan

Timeline

  1. 2025
    Annual accounts 2025-117,5 k €↓
  2. 2024
    Annual accounts 2024-84,4 k €↑
  3. 2023
    Annual accounts 2023-227,9 k €↓
  4. 2022
    Annual accounts 20221,3 M €↑
  5. 2021
    Annual accounts 2021-99,2 k €↑
  6. 2020
    Annual accounts 2020-208,4 k €↑
  7. 2019
    Annual accounts 2019-522,3 k €
  8. 24/08/2018
    IncorporationPublic limited company