What does MARTIN'S HOTELS do?

MARTIN'S HOTELS is a hotel in Rixensart. Public Limited, started on 5 July 1982, 6 establishments.

What is the address of MARTIN'S HOTELS?

The registered office of MARTIN'S HOTELS is located at Avenue du Lac 87, 1332 Rixensart.

Is MARTIN'S HOTELS still active?

Yes. According to the CBE (29 October 2026) MARTIN'S HOTELS is active, legal situation “Normale toestand”, started on 5 July 1982.

Is MARTIN'S HOTELS registered on Peppol?

Yes, MARTIN'S HOTELS is registered on the Peppol network with ID 0208:0422825374.

What is the enterprise number of MARTIN'S HOTELS?

The enterprise number of MARTIN'S HOTELS is BE0422825374.

When was MARTIN'S HOTELS founded?

MARTIN'S HOTELS was founded on 5 July 1982.

Who are the directors of MARTIN'S HOTELS?

According to the 2024 annual accounts, the directors of MARTIN'S HOTELS are: Alain PRIGOGINE, JOHN MARTIN SA, NOLICIS ENTERPRISE SRL, SPARAXIS SA, HOLMAR SA, OPTIMMO SA.

Is MARTIN'S HOTELS a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 5 July 1982; 4 annual accounts filed, latest fiscal year 2024; 6 directors known from the annual account; 6 establishments in the CBE.

How much profit did MARTIN'S HOTELS make in 2024?

MARTIN'S HOTELS recorded a loss after taxes of € 753,929 in financial year 2024.

What is the revenue of MARTIN'S HOTELS?

In its most recent annual accounts (2024), MARTIN'S HOTELS reported revenue of € 31,125,377.

How much does an employee at MARTIN'S HOTELS earn?

The average wage cost per full-time employee at MARTIN'S HOTELS was € 58,000 in 2024: staff costs of € 13.9 million for 239.6 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does MARTIN'S HOTELS have?

According to the 2024 annual accounts, MARTIN'S HOTELS has 239.6 full-time equivalents (FTE).

MARTIN'S HOTELS (Public Limited) - Rixensart

Dossier MARTIN'S HOTELS, printed on 29 October 2026 from databakkes.be/en/0422825374/martin-s-hotels. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

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 2023 and 2024.
Tight liquidity NBB

Cash and receivables cover 39 % of short-term debt in 2024; threshold 65 %.

Financials

Financial year 2024

MARTIN'S HOTELS from Rixensart, company number BE0422825374, closed financial year 2024 with a result of € -753,929 after tax. For that financial year MARTIN'S HOTELS recorded revenue of € 31.1 million and equity of € 6.9 million. Compared with financial year 2023, the result moved from € -2.4 million to € -753,929. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 3, 2025.

What it is worth Healthy

€ 6.9 million

▼ 10% vs 2023

Assets minus debts, by the books. What is left if everything were sold and paid today.

Loss Caution

€ -753,929

▲ 68 % less loss than in 2023

Profit after tax over the fiscal year.

Cash in the bank

€ 1.2 million

▼ 56% vs 2023

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Caution

Loss, nothing to pay out

Reserves fell to € -2.2 million.

People and assets in 2024

Full-time equivalents

239.6

▼ 13.9 vs 2023

Average over the fiscal year, from the social balance sheet.

Wage cost Staff costs are payroll only. Director pay sits with services and miscellaneous goods: € 15.1 million in 2024, together with rent, insurance, accountants and other services. The accounts do not split that further.

€ 13.9 million

▼ 4% vs 2023

€ 58,000 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.

Vehicles and equipment

€ 878,962

▼ 14% vs 2023

Of which on lease € 4,368.

Debts at end 2024

Bank debt ≈ 4 years to go The accounts give the long-term loan and the part due within the year. The remainder divided by that part is the number of years at an equal pace; a new loan or early repayment changes it.

€ 7.8 million

▼ 7% vs 2023

€ 1.4 million is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.

Owed to suppliers

€ 4.6 million

▼ 9% vs 2023

Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 91 days on average.

Taxes and wages

€ 2.8 million

▼ 16% vs 2023

Taxes, VAT and social contributions still to pay.

Key figures per fiscal year Download key figures (CSV)
	2021	2022	2023	2024	Change 2023 → 2024
Revenue	€ 18,461,922 Revenue 2021: € 18,461,922 First fiscal year in the series	€ 30,902,283 Revenue 2022: € 30,902,283 ▲ 67% vs 2021 (€ 18,461,922) Favourable step	€ 30,678,136 Revenue 2023: € 30,678,136 ▼ 1% vs 2022 (€ 30,902,283) Unfavourable step	€ 31,125,377 Revenue 2024: € 31,125,377 ▲ 1% vs 2023 (€ 30,678,136) Favourable step	▲ 1%
Profit after taxes	€ -1,553,053 Profit after taxes 2021: € -1,553,053 First fiscal year in the series	€ 4,856,391 Profit after taxes 2022: € 4,856,391 ▲ € 6.4 million vs 2021 (€ -1,553,053) Favourable step	€ -2,354,828 Profit after taxes 2023: € -2,354,828 ▼ € 7.2 million vs 2022 (€ 4,856,391) Unfavourable step	€ -753,929 Profit after taxes 2024: € -753,929 ▲ € 1.6 million vs 2023 (€ -2,354,828) Favourable step	▲ € 1.6 million
Equity	€ 8,486,975 Equity 2021: € 8,486,975 First fiscal year in the series	€ 10,135,313 Equity 2022: € 10,135,313 ▲ 19% vs 2021 (€ 8,486,975) Favourable step	€ 7,729,285 Equity 2023: € 7,729,285 ▼ 24% vs 2022 (€ 10,135,313) Unfavourable step	€ 6,946,670 Equity 2024: € 6,946,670 ▼ 10% vs 2023 (€ 7,729,285) Unfavourable step	▼ 10%
Total debts	€ 18,670,982 Total debts 2021: € 18,670,982 First fiscal year in the series	€ 23,263,513 Total debts 2022: € 23,263,513 ▲ 25% vs 2021 (€ 18,670,982) Unfavourable step	€ 20,671,777 Total debts 2023: € 20,671,777 ▼ 11% vs 2022 (€ 23,263,513) Favourable step	€ 18,407,928 Total debts 2024: € 18,407,928 ▼ 11% vs 2023 (€ 20,671,777) Favourable step	▼ 11%
Cash	€ 4,818,158 Cash 2021: € 4,818,158 First fiscal year in the series	€ 7,004,703 Cash 2022: € 7,004,703 ▲ 45% vs 2021 (€ 4,818,158) Favourable step	€ 2,760,629 Cash 2023: € 2,760,629 ▼ 61% vs 2022 (€ 7,004,703) Unfavourable step	€ 1,220,726 Cash 2024: € 1,220,726 ▼ 56% vs 2023 (€ 2,760,629) Unfavourable step	▼ 56%
Land & buildings	€ 6,070,746 Land & buildings 2021: € 6,070,746 First fiscal year in the series	€ 2,834,293 Land & buildings 2022: € 2,834,293 ▼ 53% vs 2021 (€ 6,070,746) Unchanged	€ 2,717,174 Land & buildings 2023: € 2,717,174 ▼ 4% vs 2022 (€ 2,834,293) Unchanged	€ 2,594,213 Land & buildings 2024: € 2,594,213 ▼ 5% vs 2023 (€ 2,717,174) Unchanged	▼ 5%
Retained profit	€ -3,973,326 Retained profit 2021: € -3,973,326 First fiscal year in the series	€ 883,065 Retained profit 2022: € 883,065 ▲ € 4.9 million vs 2021 (€ -3,973,326) Favourable step	€ -1,471,763 Retained profit 2023: € -1,471,763 ▼ € 2.4 million vs 2022 (€ 883,065) Unfavourable step	€ -2,225,692 Retained profit 2024: € -2,225,692 ▼ € 753,929 vs 2023 (€ -1,471,763) Unfavourable step	▼ € 753,929
Bank debt	€ 9,557,084 Bank debt 2021: € 9,557,084 First fiscal year in the series	€ 9,546,876 Bank debt 2022: € 9,546,876 Unchanged (€ 9,557,084) Favourable step	€ 8,341,813 Bank debt 2023: € 8,341,813 ▼ 13% vs 2022 (€ 9,546,876) Favourable step	€ 7,773,062 Bank debt 2024: € 7,773,062 ▼ 7% vs 2023 (€ 8,341,813) Favourable step	▼ 7%
Balance sheet total	€ 27,250,666 Balance sheet total 2021: € 27,250,666 First fiscal year in the series	€ 33,440,218 Balance sheet total 2022: € 33,440,218 ▲ 23% vs 2021 (€ 27,250,666) Unchanged	€ 28,454,464 Balance sheet total 2023: € 28,454,464 ▼ 15% vs 2022 (€ 33,440,218) Unchanged	€ 25,420,117 Balance sheet total 2024: € 25,420,117 ▼ 11% vs 2023 (€ 28,454,464) Unchanged	▼ 11%
Employees (FTE)	262.2 Employees (FTE) 2021: 262.2 First fiscal year in the series	264.4 Employees (FTE) 2022: 264.4 ▲ 2.2 vs 2021 (262.2) Unchanged	253.5 Employees (FTE) 2023: 253.5 ▼ 10.9 vs 2022 (264.4) Unchanged	239.6 Employees (FTE) 2024: 239.6 ▼ 13.9 vs 2023 (253.5) Unchanged	▼ 13.9

Key figures of MARTIN'S HOTELS, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.

What happened to MARTIN'S HOTELS?

What happened at MARTIN'S HOTELS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

2026 Alain PRIGOGINE stepped down as director. NBB
2026 JOHN MARTIN SA stepped down as director. NBB
2026 NOLICIS ENTERPRISE SRL stepped down as director. NBB
2026 SPARAXIS SA stepped down as director. NBB
2026 HOLMAR SA stepped down as director. NBB
2026 OPTIMMO SA stepped down as director. NBB
Jul 3, 2025 New annual accounts for financial year 2024: loss of € 753,929. Source: NBB ↗
2023 Alain PRIGOGINE became a director. NBB

In short

From € 1.6 million loss in 2021 to € 753,929 loss in 2024.

Paid € 374,242 in corporate taxes since 2021.

Best year ever: 2022, with € 4.9 million profit.

Pays suppliers within 91 days on average.

Original PDFs at the National Bank ↗

Management

ANDEL 100%

The stake of ANDEL comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.

MARTIN'S HOTELS

GEN IMMO 100%

MARTIN'S BRUGGE 40%

The shares are held by ANDEL (100%). It owns 100% of GEN IMMO and 40% of MARTIN'S BRUGGE itself.

Directors

According to the 2024 annual accounts

Alain PRIGOGINE

Director

Also active at: MARTIN'S BRUGGE, ANDEL, OPTIMMO, MARTIN'S BRUSSELS, VALIMMO, INVESTMENT CONSULTING CY, GEN IMMO

since 2023 · until 2026

JOHN MARTIN SA

Director · represented by Frédéric ADRIAENS

Also active at: Resorza, MARTIN'S BRUGGE, ANDEL, MARIMMO, MARTIN'S BRUSSELS, BELGIAN BREWERS - BELGISCHE BROUWERS - BRASSEURS BELGES, GEN IMMO

since 2023 · until 2026

NOLICIS ENTERPRISE SRL

Director · represented by Francis PENNEQUIN

Also active at: MARTIN'S BRUGGE, ANDEL, OPTIMMO, MARTIN'S BRUSSELS, VALIMMO, GEN IMMO

since 2023 · until 2026

SPARAXIS SA

Director · represented by Isabelle DEVOS

Also active at: Aciéries Somville, FRANKI, Fonderies J. Marichal Ketin et Cie, TUBES DE HAREN ET NIMY, SOGESTIMMO, T. PALM, NLMK LA LOUVIERE, PLASTURGIE LAZZERINI +45 more

since 2023 · until 2026

HOLMAR SA

Director · represented by Nicolas LEMAIRE

Also active at: Resorza, MARTIN'S BRUGGE, ANDEL, MARIMMO, MARTIN'S BRUSSELS, GEN IMMO, ANTWERPSE BROUW COMPAGNIE

since 2023 · until 2026

OPTIMMO SA

Managing director · represented by John C. MARTIN

Also active at: MARTIN'S BRUGGE, MARTIN'S BRUSSELS, VALIMMO, GEN IMMO

since 2023 · until 2026

Shareholders

ANDEL

100%

Participations

GEN IMMO

100%

MARTIN'S BRUGGE

40%

Establishments

Establishment units

Physical locations of this company

Registered office

Avenue du Lac 87

1332 Rixensart

2.143.937.748

Avenue Herbert Hoover 4

1332 Rixensart

Active since 1 January 2004

2.143.938.540

Onze-Lieve-Vrouwstraat 18

3000 Leuven

Active since 1 July 2003

2.178.640.784

Karmelietenstraat 4

2800 Mechelen

Active since 18 May 2009

2.254.354.036

Rue de Bruxelles 484

1480 Tubize

Active since 18 July 2016

2.275.289.111

Kasteelstraat 2

3740 Bilzen-Hoeselt

Active since 1 June 2018

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 →

Régionale des Activités Culturelles du Brabant Wallon

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Details

Company number

0422.825.374

VAT number

BE 0422.825.374

Registered office

Avenue du Lac 87, 1332 Rixensart

Names & denominations

MARTIN'S HOTELS

Enterprise type

Rechtspersoon

Legal form

Public limited company

Legal situation

Normale toestand

Start date

5 July 1982

Peppol

Active · Active since 26 Sept 2025

Activities · NACE

Hotels en dergelijke accommodatie

Cafés en bars

Hotels en motels, met restaurant

Exploitatie van sportaccommodaties

Beheer en exploitatie van sportcentra

Activiteiten van eetgelegenheden met volledige bediening

Restaurants van het traditionele type

Eetgelegenheden met volledige bediening

View on CBE Public ↗ Annual accounts (NBB) ↗

MARTIN'S HOTELS

Warning lights

Financials

What happened to MARTIN'S HOTELS?

Management

Directors

Shareholders

Participations

Establishments

Establishment units

Who else lives here?

Details

Frequently asked questions