Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 8 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Hôtel Cardinal from Spa, company number BE0402320465, closed financial year 2025 with a result of € -33,393 after tax. For that financial year Hôtel Cardinal recorded a gross margin of € 106,556 and equity of € 2.1 million. Compared with financial year 2024, the result moved from € -15,424 to € -33,393. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on May 21, 2026.
€ 2.1 million
▼ 2% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -33,393
▼ 117 % more loss than in 2024
Profit after tax over the fiscal year.
Loss, nothing to pay out
Reserves fell to € -7,658.
People and assets in 2025
€ 76,310
▲ 3% 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.
€ 2,961
▼ 11% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 38,219
▲ 282% vs 2024
Loans from banks and other lenders, long and short.
€ 2,294
▼ 21% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 12,067
▼ 30% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 149,089 | € 116,995 | € 119,445 | € 106,556 | ▼ 11% |
| Profit after taxes | € 22,474 | € -9,251 | € -15,424 | € -33,393 | ▼ € 17,970 |
| Equity | € 2,117,410 | € 2,108,159 | € 2,092,735 | € 2,059,342 | ▼ 2% |
| Total debts | € 32,995 | € 27,102 | € 33,722 | € 52,580 | ▲ 56% |
| Cash | € 321,486 | € 250,247 | € 285,330 | - | |
| Land & buildings | € 1,817,091 | € 1,798,179 | € 1,791,243 | € 1,740,501 | ▼ 3% |
| Retained profit | € 50,410 | € 41,159 | € 25,735 | € -7,658 | ▼ € 33,393 |
| Bank debt | € 9,550 | € 9,132 | € 10,017 | € 38,219 | ▲ 282% |
| Balance sheet total | € 2,150,405 | € 2,135,261 | € 2,126,457 | € 2,111,922 | ▼ 1% |
Key figures of Hôtel Cardinal, 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 Hôtel Cardinal?
What happened at Hôtel Cardinal in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Wendy ZANGERLE stepped down as director. NBB
- José ZANGERLE stepped down as director. NBB
- Céline ZANGERLE stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 33,393. Source: NBB ↗
- Wendy ZANGERLE became a director. NBB
- José ZANGERLE became a director. NBB
- Céline ZANGERLE became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 22,474 profit in 2022 to € 33,393 loss in 2025.
Best year ever: 2022, with € 22,474 profit.
Management
Directors
According to the 2025 annual accounts
Wendy ZANGERLE
Director
since 2024 · until 2030
José ZANGERLE
Managing director
since 2024 · until 2030
Céline ZANGERLE
Director
since 2024 · until 2030
Establishments
Establishment units
Physical locations of this company
Place Royale 21-27
4900 Spa
Place Royale 21 2
4900 Spa
Active since 1 January 1937
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
OVH Mail
Hosting
WIX_COM, IL
Website info
Features
Security
Network
Details
- Company number
- 0402.320.465
- VAT number
- BE 0402.320.465
- Registered office
- Place Royale 21-27, 4900 Spa
- Names & denominations
- Hôtel Cardinal
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 21 January 1937
- Peppol
- Active · Active since 7 Nov 2025
- Contact
- hotel-cardinal.be +32 (0) 87 77 10 64
- Activities · NACE
Hotels en dergelijke accommodatie
Hotels en motels, met restaurant