Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 42 % of short-term debt in 2024; threshold 65 %.
Financials
Financial year 2024
FIRST EUROFLAT HOTEL from Brussel, company number BE0423132212, closed financial year 2024 with a result of € 255,229 after tax. For that financial year FIRST EUROFLAT HOTEL recorded a gross margin of € 1.8 million and equity of € 2.1 million. Compared with financial year 2023, the result moved from € 253,766 to € 255,229. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on August 29, 2025.
€ 2.1 million
▲ 14% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 255,229
▲ 1% vs 2023
Profit after tax over the fiscal year.
€ 226,574
▲ 276% vs 2023
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2024. Retained profit grew to € 838,994.
People and assets in 2024
20.3
▼ 107,161.2 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 1.2 million
▲ 8% vs 2023
€ 57,200 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.
€ 29,642
▲ € 23,866 vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
€ 1 million
▲ 2% vs 2023
€ 211,252 is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 300,693
▲ 2% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 357,267
▲ 56% vs 2023
Taxes, VAT and social contributions still to pay.
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| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 616,730 | € 1,358,305 | € 1,663,670 | € 1,772,586 | ▲ 7% |
| Profit after taxes | € -160,593 | € 368,876 | € 253,766 | € 255,229 | ▲ 1% |
| Equity | € 1,221,123 | € 1,581,999 | € 1,827,765 | € 2,074,994 | ▲ 14% |
| Total debts | € 1,540,026 | € 1,727,600 | € 1,544,942 | € 1,698,187 | ▲ 10% |
| Cash | € 158,404 | € 189,767 | € 60,326 | € 226,574 | ▲ 276% |
| Land & buildings | € 1,679,893 | € 1,892,671 | € 2,027,799 | € 2,135,693 | ▲ 5% |
| Retained profit | € -38,877 | € 329,999 | € 583,765 | € 838,994 | ▲ 44% |
| Bank debt | € 1,080,416 | € 1,163,380 | € 1,019,072 | € 1,038,127 | ▲ 2% |
| Balance sheet total | € 2,761,149 | € 3,309,599 | € 3,372,707 | € 3,773,181 | ▲ 12% |
| Employees (FTE) | 20.9 | 17 | 107,181.5 | 20.3 | ▼ 107,161.2 |
Key figures of FIRST EUROFLAT HOTEL, 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 FIRST EUROFLAT HOTEL?
What happened at FIRST EUROFLAT HOTEL in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: profit of € 255,229 (▲ 1% vs 2023). filed late Source: NBB ↗
- New establishment in Brussel. KBO
- Start of the company according to the CBE. KBO
In short
From € 160,593 loss in 2021 to € 255,229 profit in 2024.
Best year ever: 2022, with € 368,876 profit.
On average € 87,300 of value added per employee in 2024.
A new publication or filing at FIRST EUROFLAT HOTEL? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Establishments
Establishment units
Physical locations of this company
Karel de Grotelaan 50-52
1000 Brussel
Karel de Grotelaan 50 5
1000 Brussel
Active since 1 November 1982
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0423.132.212
- VAT number
- BE 0423.132.212
- Registered office
- Karel de Grotelaan 50-52, 1000 Brussel
- Names & denominations
- FIRST EUROFLAT HOTEL
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 19 October 1982
- Peppol
- Active · Active since 22 Dec 2025
- Activities · NACE
Hotels en motels, met restaurant
Hotels en dergelijke accommodatie
Diensten in verband met vervoer te land
Catering van evenementen
Uitzendkoks en verzorgen van feesten en recepties
Overige ondersteunende activiteiten i.v.m. het vervoer te land