SANTIAGO
ActiveSummary
SANTIAGO has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €454k and a net result of €15k. Equity is growing by ~4.3% per year across the filed fiscal years. Its solvency ranks better than 66% of 1304 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
62
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability42▼-21
Solvency64▲+2
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity short (current ratio 0.49 against 0.88 in 2024; short-term debt: 22% and cash: 0.9% of total assets), and 60.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
39.2%
Return on assets
1.3%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 55
Relative position
BE, all sectors
reference
Sector 55
higher
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-07-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
8 d early
2023
90 d late
2022
70 d late
2021
31 d late
2020
1 d early
2019
91 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€454k▲ 3.5%
2024 · €438k
2018: €324k
2019: €359k
2020: €369k
2021: €360k
2022: €359k
2023: €370k
2024: €438k
2018 → 2025
Total assets
€1.16M▼ 1.6%
2024 · €1.17M
2018: €1.25M
2019: €1.27M
2020: €1.25M
2021: €1.33M
2022: €1.26M
2023: €1.23M
2024: €1.17M
2018 → 2025
Net result
€15k▼ 81.7%
2024 · €83k
2018: €22k
2019: €34k
2020: €10k
2021: €-9k
2022: €50k
2023: €26k
2024: €83k
2018 → 2025
Working capital
€-129k▼ 402%
2024 · €-26k
2018: €-54k
2019: €-88k
2020: €-32k
2021: €108k
2022: €65k
2023: €26k
2024: €-26k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€360k-€359k▼ 0.3%€370k▲ 3.3%€438k▲ 18.3%€454k▲ 3.5%
Operating result€23k-€79k▲ 245%€72k▼ 9.3%€145k▲ 101%€52k▼ 64.0%
Net result€-9k-€50k€26k▼ 47.6%€83k▲ 216%€15k▼ 81.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 64% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.16M
Fixed assets
€1.03M ▲ 4.6%
Current assets
€125k ▼ 33.7%
Equity and liabilities €1.16M
Equity
€454k ▲ 3.5%
Debt
€702k ▼ 4.6%
Debt's share of the balance-sheet total falls from 62.7% to 60.8%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€86k▼
2024 · €180k
Cash flow
€49k▼
2024 · €118k
Current ratio
0.49▼
2024 · 0.88
Debt to equity
1.55▼
2024 · 1.68
ROE
3.4%▼
2024 · 18.9%
ROA
1.3%▼
2024 · 7.1%
Interest coverage
2.56▼
2024 · 4.31
Debt ≤ 1 year
€254k▲
2024 · €215k
Debt > 1 year
€448k▼
2024 · €521k
Income taxes
€6k▼
2024 · €23k
Staff costs
€121k▼
2024 · €125k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 59 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.17M€1.16M▼
Fixed assets21/28€985k€1.03M▲
Tangible fixed assets22/27€985k€1.03M▲
Land and buildings22€972k€946k▼
Furniture and vehicles24€1k€33k▲
Other tangible fixed assets26€12k€6k▼
Assets under construction and advance payments27-€44k
Financial fixed assets28-€2k
Current assets29/58€189k€125k▼
Stocks and contracts in progress3€568€0▼
Stocks30/36€568€0▼
Amounts receivable within one year40/41€99k€105k▲
Trade receivables40€645€0▼
Other amounts receivable41€98k€105k▲
Cash at bank and in hand54/58€83k€10k▼
Deferred charges and accrued income490/1€7k€10k▲
Equity and liabilities
Total equity and liabilities10/49€1.17M€1.16M▼
Equity10/15€438k€454k▲
Contributions10/11€259k€259k=
Reserves13€171k€186k▲
Distributable reserves133€171k€186k▲
Profit (loss) carried forward14€9k€9k=
Amounts payable17/49€736k€702k▼
Amounts payable after more than one year17€521k€448k▼
Financial debts170/4€521k€448k▼
Amounts payable within one year42/48€215k€254k▲
Current portion of amounts payable after more than one year42€105k€102k▼
Financial debts43-€49k
Credit institutions430/8-€49k
Trade debts44€20k€36k▲
Suppliers440/4€20k€36k▲
Advances received on contracts in progress46€8k€8k=
Taxes, remuneration and social security45€46k€36k▼
Taxes450/3€38k€29k▼
Remuneration and social security454/9€7k€7k▼
Other amounts payable47/48€35k€23k▼
Accrued charges and deferred income492/3€0-
Income statement
Code20242025
Remuneration, social security and pensions62€125k€121k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€35k€34k▼
Other operating charges640/8€25k€28k▲
Non-recurring operating charges66A€0-
Gross operating margin9900€331k€235k▼
Operating profit (loss)9901€145k€52k▼
Financial income75/76B€2k€2k▼
Recurring financial income75€2k€2k▼
Financial charges65/66B€42k€34k▼
Recurring financial charges65€42k€34k▼
Profit (loss) for the period before taxes9903€106k€21k▼
Income taxes67/77€23k€6k▼
Profit (loss) for the period9904€83k€15k▼
Profit (loss) for the period to be appropriated9905€83k€15k▼
Appropriation of the result
Profit (loss) to be appropriated9906€107k€24k▼
Profit (loss) brought forward from the previous period14P€24k€9k▼
Transfer from equity791/2€0-
Transfer to equity691/2€83k€15k▼
To other reserves6921€83k€15k▼
Profit to be distributed694/7€15k€0▼
Return on contributions (dividend)694€0-
Directors or managers695€15k€0▼
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
23-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €83k ▲216%
Operating result €145k, net result €83k, both a record.
29-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 90 days late
2023
09-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 70 days late
2022
31-12
Financial
Back to profitnet €50k
Net result €50k after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-12
Financial
Weakest financial yearnet €-9k ▼188%
Net result drops to €-9k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity doublescurrent ratio 1.80
Current ratio from 0.79 to 1.80; short-term debt falls from €154k to €135k.
30-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
2019
30-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 61 days late
2018
03-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 3 days late
2017
07-11
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 99 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Gent · 1 establishment unit since 2005
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Kortrijksesteenweg 7359000 GentGround area
763 m²
Building footprint
188 m²
2 parcels, Flanders. Linked by address, not a title deed.
1 establishment unit
HOTEL CATHEDRAL
since 20052.150.652.227
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44802B1827/00A000 | Flanders | 452 m² | - | - |
| 44808H0716/00Z005 | Flanders | 312 m² | 1 · 188 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 2,000 EUR awarded · 2,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 2,000 EUR | 2,000 EUR |
Schemes
Hinderpremie bij openbare werken
Recognitions · licences · registrations
Food safety, FASFC
1 siteGent2.150.652.227
Similar companies · same sector, comparable size
CONTINENTAL MANAGEMENT
BE 0834.428.741
Sint-Gillis (bij-Brussel) · Eq €453,759
WESTHELLING
BE 0565.938.877
Oostende · Eq €453,841
HOTEL ROZENHOF
BE 0460.673.091
Nazareth-De Pinte · Eq €454,999
Hotel du Commerce Blankenberge
BE 0447.108.731
Blankenberge · Eq €455,603
DE VADDER - ASSELMAN
BE 0456.863.367
Brugge · Eq €457,304
Of 2,394 companies in sector 55100 we hold annual accounts for 1,517. 1,090 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded16-06-2005
Fiscal year end31-12
Trade name NL
restaurant santiago hotel cathedral bed & breakfast santiaago
Activities, NACEBEL 2025
55100Hotels and similar accommodation
Sources
Crossroads Bank for EnterprisesNational Bank · 20 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.