Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
-
Tight liquidity NBB
Cash and receivables cover 33 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
ASHG Brussels from Evere, company number BE0413621757, closed financial year 2025 with a result of € -1.1 million after tax. For that financial year ASHG Brussels recorded a gross margin of € 2.3 million and equity of € -2.7 million. Compared with financial year 2024, the result moved from € -594,431 to € -1.1 million. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on June 22, 2026.
€ -2.7 million
▼ € 1.1 million vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -1.1 million
▼ 86 % more loss than in 2024
Profit after tax over the fiscal year.
€ 178,307
▼ 53% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -2.8 million.
People and assets in 2025
36.1
▼ 1.6 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 2 million
▼ 4% vs 2024
€ 55,200 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 34,885
▼ 8% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 8.2 million
▲ 40% vs 2024
Loans from banks and other lenders, long and short.
€ 538,022
▲ 45% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 150,027
▼ 32% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 2,076,796 | € 2,945,235 | € 2,891,607 | € 2,250,512 | ▼ 22% |
| Profit after taxes | € -27,662 | € 15,726 | € -594,431 | € -1,107,318 | ▼ € 512,887 |
| Equity | € -976,614 | € -955,421 | € -1,550,408 | € -2,657,726 | ▼ € 1.1 million |
| Total debts | € 4,714,116 | € 5,187,480 | € 6,547,771 | € 8,989,663 | ▲ 37% |
| Cash | € 140,656 | € 131,021 | € 375,854 | € 178,307 | ▼ 53% |
| Land & buildings | € 2,140,340 | € 1,996,132 | € 1,872,644 | € 3,621,867 | ▲ 93% |
| Retained profit | € -1,246,979 | € -1,080,038 | € -1,674,469 | € -2,781,787 | ▼ € 1.1 million |
| Bank debt | € 4,133,165 | € 4,741,584 | € 5,882,874 | € 8,241,097 | ▲ 40% |
| Balance sheet total | € 3,737,502 | € 4,232,059 | € 4,997,363 | € 6,331,937 | ▲ 27% |
| Employees (FTE) | 29.2 | 33.8 | 37.7 | 36.1 | ▼ 1.6 |
Key figures of ASHG Brussels, 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 ASHG Brussels?
What happened at ASHG Brussels in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 1.1 million. Source: NBB ↗
- ASHG Hasselt Express became a director. NBB
- New establishment in Evere. KBO
- Start of the company according to the CBE. KBO
In short
From € 27,662 loss in 2022 to € 1.1 million loss in 2025.
Paid € 4,636 in corporate taxes since 2022.
Best year ever: 2023, with € 15,726 profit.
On average € 62,300 of value added per employee in 2025.
Management
The stake of ASHG Belgium comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
ASHG BrusselsBehind ASHG Brussels is ASHG Hasselt Express. The shares are held by ASHG Belgium (100%).
Directors
According to the 2025 annual accounts
Manager · represented by Steven Lewerenz
since 2024
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Oud-Strijderslaan 1
1140 Evere
Oud-Strijderslaan
1140 Evere
Active since 1 February 1974
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →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
Self-hosted
Hosting
CLOUDFLARESPECTRUM Cloudflare, Inc., US
DNS
Cloudflare DNS
Domain
Domain
gresham-hotels-brussels.com
Registered
2010-07-22
Registrar
ENOM, INC.
Expires
2026-07-22
Website info
Features
Security
Network
Details
- Company number
- 0413.621.757
- VAT number
- BE 0413.621.757
- Registered office
- Oud-Strijderslaan 1, 1140 Evere
- Names & denominations
- ASHG Brussels
- Enterprise type
- Rechtspersoon
- Legal form
- Limited partnership
- Legal situation
- Normale toestand
- Start date
- 18 October 1973
- Peppol
- Active · Active since 9 Sept 2025
- Activities · NACE
Hotels en dergelijke accommodatie
Hotels en motels, met restaurant