ACTIVE

HOTEL DEVELOPMENT COMPANY

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Financial year 2025 · Closed on 31/12/2025

Net result633 k €-12,8 %over 1 year
Gross margin755,6 k €-11,6 %over 1 year
Equity5 M €+14,6 %over 1 year
Workforce0,0 ETP

Identity

Source · BCE/KBO

HOTEL DEVELOPMENT COMPANY is a Public limited company incorporated in 2004. Its registered office is in Gent.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0867.493.467
Incorporation
29/09/2004
Legal form
Public limited company
Registered office
Kortrijksesteenweg 1043
9051 Gent · FlandreSee on map
Contributed capital
61 500,00 €
Latest accounts
31/12/2025
Average workforce
0,0 ETP
Joint committees (1)
  • 218
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

Financials

Source · NBB, 19 filings

Trend over 16 financial years

20252024202320222019
Income statement
Gross margin755,6 k €855 k €845,8 k €333,9 k €343,9 k €
EBITDA745,2 k €844,4 k €810,5 k €293,9 k €45,1 k €
Operating result727,6 k €827,2 k €793,3 k €260 k €15,5 k €
Net result633 k €725,7 k €613 k €487,7 k €163,6 k €
Balance sheet
Equity5 M €4,3 M €3,7 M €3,3 M €4 M €
Total assets15,9 M €15,8 M €15,8 M €16,1 M €22,5 M €
Cash824,6 k €845,3 k €586,1 k €1,2 M €915,5 k €
Debts8,5 M €9,1 M €9,8 M €10,4 M €15,5 M €
Other
Workforce0,0 ETP0,0 ETP0,0 ETP0,0 ETP–

Valuation

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 19 ended

Active mandates

COASTAL SALES COMPANY

Managing director · since 01 février 2024 · until 31 janvier 2030 · 0472.483.040

Represented by Joachim Debucquoy

Active
J5S

Managing director · since 01 février 2024 · until 31 janvier 2030 · 0712.520.329

Represented by Jonathan DEBUCQUOY

Active
PAMABEL

Managing director · since 01 février 2024 · until 31 janvier 2030 · 0518.986.523

Represented by Jochen DEBUCQUOY

Active

Ended mandates

J5S

Managing director · since 01 juin 2019 · until 31 mai 2025 · 0712.520.329

Represented by Jonathan DEBUCQUOY

Ended
J5S

Managing director · since 01 juin 2019 · until 31 mai 2025 · 0712.520.329

Represented by Jonathan Debucquoy

Ended
PAMABEL

Managing director · since 01 juin 2019 · until 31 mai 2025 · 0518.986.523

Represented by Jochen DEBUCQUOY

Ended
PAMABEL

Managing director · since 01 juin 2019 · until 31 mai 2025 · 0518.986.523

Represented by Jochen Debucquoy

Ended

Other companies at this address

Kortrijksesteenweg 1043 9051 Gent
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0440.234.894
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0635.611.207
EXPLOITATIEMAATSCHAPPIJ IDP● Active
0541.999.376
EXPLOITATIEMAATSCHAPPIJ ISN● Active
0672.737.659
Federatie voor Projectontwikkelaars● Active
0897.463.794
LAND LEASE PROPERTIES● Active
0797.150.849
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0685.525.130
Recombel● Active
1011.806.505
Recreatiepark Klein Strand● Active
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TWIN PROPERTIES PROJECTONTWIKKELING● Active
0846.308.568
Zon en Zee Zuid● Active
0700.944.962

Full financial information

Source · NBB
202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/04/202001/04/2019
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/03/2020
Length of the financial year12 months12 months12 months12 months21 months12 months
Filing date22/06/202602/07/202504/07/202422/08/202313/07/202222/09/2020
General meeting16/06/202625/06/202520/06/202427/06/202330/06/202221/09/2020
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
Abridged model31/12/202516/06/202622/06/2026DutchPDF
Abridged model31/12/202425/06/202502/07/2025DutchPDF
Abridged model31/12/202320/06/202404/07/2024DutchPDF
Abridged model31/12/202227/06/202322/08/2023DutchPDF
Abridged model31/12/202130/06/202213/07/2022DutchPDF
Abridged model31/03/202021/09/202022/09/2020DutchPDF
Abridged model31/03/201916/09/201918/09/2019DutchPDF
Abridged model31/03/201830/09/201831/10/2018DutchPDF
Abridged model31/12/201619/06/201710/07/2017DutchPDF
Abridged model31/12/201520/06/201624/08/2016DutchPDF
Abridged model31/12/201430/06/201528/07/2015DutchPDF
Abridged model31/12/201324/06/201411/07/2014DutchPDF
Abridged model31/12/201217/06/201311/07/2013DutchPDF
Abridged model31/12/201118/06/201231/08/2012DutchPDF
Abridged model31/12/201020/06/201131/08/2011DutchPDF
Abridged model31/12/200921/06/201031/08/2010DutchPDF
Abridged model31/12/200815/06/200928/08/2009DutchPDF
Abridged model31/12/200716/06/200806/08/2008DutchPDF
Abridged model31/12/200618/06/200709/08/2007DutchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 M€

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

3 active · 19 ended

Active mandates

COASTAL SALES COMPANY

Managing director · since 01 février 2024 · until 31 janvier 2030 · 0472.483.040

Represented by Joachim Debucquoy

Active
J5S

Managing director · since 01 février 2024 · until 31 janvier 2030 · 0712.520.329

Represented by Jonathan DEBUCQUOY

Active
PAMABEL

Managing director · since 01 février 2024 · until 31 janvier 2030 · 0518.986.523

Represented by Jochen DEBUCQUOY

Active

Ended mandates

J5S

Managing director · since 01 juin 2019 · until 31 mai 2025 · 0712.520.329

Represented by Jonathan DEBUCQUOY

Ended
J5S

Managing director · since 01 juin 2019 · until 31 mai 2025 · 0712.520.329

Represented by Jonathan Debucquoy

Ended
PAMABEL

Managing director · since 01 juin 2019 · until 31 mai 2025 · 0518.986.523

Represented by Jochen DEBUCQUOY

Ended
PAMABEL

Managing director · since 01 juin 2019 · until 31 mai 2025 · 0518.986.523

Represented by Jochen Debucquoy

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates30/04/2024
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Restructuring26/08/2021
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
    PDF
  • Registered office09/07/2021
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Restructuring15/06/2021
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...) - DIVERSEN
    PDF
  • Other07/04/2021
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - ALGEMENE VERGADERING - BOEKJAAR
    PDF
  • Mandates02/12/2019
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Registered office29/04/2019
    MAATSCHAPPELIJKE ZETEL
    PDF
  • Restructuring12/04/2018
    RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, 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 2025633 k €↓
  2. 2024
    Annual accounts 2024725,7 k €↑
  3. 2023
    Annual accounts 2023613 k €↑
  4. 2022
    Annual accounts 2022487,7 k €↑
  5. 2019
    Annual accounts 2019163,6 k €↓
  6. 2016
    Annual accounts 2016356,3 k €↓
  7. 2015
    Annual accounts 20153,6 M €↑
  8. 2014
    Annual accounts 2014686,8 k €↑
  9. 2013
    Annual accounts 2013590,8 k €↑
  10. 2012
    Annual accounts 2012460,1 k €↑
  11. 2011
    Annual accounts 2011-257,4 k €↓
  12. 2010
    Annual accounts 2010140,3 k €↑
  13. 2009
    Annual accounts 2009134,7 k €↑
  14. 2009
    Name changeHotel Development Company
  15. 2008
    Annual accounts 2008-362,6 k €↓
  16. 2007
    Annual accounts 2007-18,8 k €↓
  17. 2006
    Annual accounts 2006106 k €
  18. 2006
    Name changeTWIN INVEST
  19. 29/09/2004
    IncorporationPublic limited company