What does ASHG Ghent do?

ASHG Ghent is a hotel in Gent. Public Limited, started on 15 June 1988, 1 establishment.

What is the address of ASHG Ghent?

The registered office of ASHG Ghent is located at Maaltekouter 3, 9051 Gent.

Is ASHG Ghent still active?

Yes. According to the CBE (29 October 2026) ASHG Ghent is active, legal situation “Normale toestand”, started on 15 June 1988.

Is ASHG Ghent registered on Peppol?

Yes, ASHG Ghent is registered on the Peppol network with ID 0208:0434593157.

What is the enterprise number of ASHG Ghent?

The enterprise number of ASHG Ghent is BE0434593157.

When was ASHG Ghent founded?

ASHG Ghent was founded on 15 June 1988.

Who are the directors of ASHG Ghent?

According to the 2025 annual accounts, the directors of ASHG Ghent are: Steven Lewerenz, André Guettouche.

Is ASHG Ghent a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 15 June 1988; 5 annual accounts filed, latest fiscal year 2025; 2 directors known from the annual account.

How much profit did ASHG Ghent make in 2025?

ASHG Ghent recorded a loss after taxes of € 1,175,996 in financial year 2025.

What is the revenue of ASHG Ghent?

In its most recent annual accounts (2025), ASHG Ghent reported revenue of € 4,821,108.

How much does an employee at ASHG Ghent earn?

The average wage cost per full-time employee at ASHG Ghent was € 54,700 in 2025: staff costs of € 2.5 million for 46 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does ASHG Ghent have?

According to the 2025 annual accounts, ASHG Ghent has 46 full-time equivalents (FTE).

ASHG Ghent (Public Limited) - Gent - BE0434593157

Dossier ASHG Ghent, printed on 29 October 2026 from databakkes.be/en/0434593157/ashg-ghent. 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.

Negative equity NBB

More debt than assets in 2 of the last 4 fiscal years.
Two loss years in a row NBB

Negative result in 2024 and 2025.

Financials

Financial year 2025

ASHG Ghent from Gent, company number BE0434593157, closed financial year 2025 with a result of € -1.2 million after tax. For that financial year ASHG Ghent recorded revenue of € 4.8 million and equity of € -1.2 million. Compared with financial year 2024, the result moved from € -617,446 to € -1.2 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 8, 2026.

What it is worth Caution

€ -1.2 million

▼ € 1.2 million vs 2024

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

Loss Caution

€ -1.2 million

▼ 90 % more loss than in 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 861,785

▲ € 754,772 vs 2024

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 € -2.4 million.

People and assets in 2025

Full-time equivalents

▼ 3.2 vs 2024

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: € 2 million in 2025, together with rent, insurance, accountants and other services. The accounts do not split that further.

€ 2.5 million

▲ 4% vs 2024

€ 54,700 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

€ 31,337

▼ 21% vs 2024

Of which on lease € 12,906.

Debts at end 2025

Bank debt ≈ 2519 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.

€ 9.6 million

▲ 40% vs 2024

€ 3,818 is repaid this year. At this pace the long-term loan is gone in ≈ 2519 years.

Owed to suppliers

€ 1.2 million

▲ 32% vs 2024

Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 177 days on average.

Taxes and wages

€ 419,135

▲ 7% vs 2024

Taxes, VAT and social contributions still to pay.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Revenue	€ 4,547,105 Revenue 2022: € 4,547,105 First fiscal year in the series	€ 5,797,203 Revenue 2023: € 5,797,203 ▲ 27% vs 2022 (€ 4,547,105) Favourable step	€ 5,993,645 Revenue 2024: € 5,993,645 ▲ 3% vs 2023 (€ 5,797,203) Favourable step	€ 4,821,108 Revenue 2025: € 4,821,108 ▼ 20% vs 2024 (€ 5,993,645) Unfavourable step	▼ 20%
Profit after taxes	€ -231,549 Profit after taxes 2022: € -231,549 First fiscal year in the series	€ 245,019 Profit after taxes 2023: € 245,019 ▲ € 476,569 vs 2022 (€ -231,549) Favourable step	€ -617,446 Profit after taxes 2024: € -617,446 ▼ € 862,465 vs 2023 (€ 245,019) Unfavourable step	€ -1,175,996 Profit after taxes 2025: € -1,175,996 ▼ € 558,550 vs 2024 (€ -617,446) Unfavourable step	▼ € 558,550
Equity	€ 311,492 Equity 2022: € 311,492 First fiscal year in the series	€ 556,511 Equity 2023: € 556,511 ▲ 79% vs 2022 (€ 311,492) Favourable step	€ -60,935 Equity 2024: € -60,935 ▼ € 617,446 vs 2023 (€ 556,511) Unfavourable step	€ -1,236,931 Equity 2025: € -1,236,931 ▼ € 1.2 million vs 2024 (€ -60,935) Unfavourable step	▼ € 1.2 million
Total debts	€ 7,390,157 Total debts 2022: € 7,390,157 First fiscal year in the series	€ 7,654,290 Total debts 2023: € 7,654,290 ▲ 4% vs 2022 (€ 7,390,157) Unfavourable step	€ 8,525,474 Total debts 2024: € 8,525,474 ▲ 11% vs 2023 (€ 7,654,290) Unfavourable step	€ 13,181,629 Total debts 2025: € 13,181,629 ▲ 55% vs 2024 (€ 8,525,474) Unfavourable step	▲ 55%
Cash	€ 500,916 Cash 2022: € 500,916 First fiscal year in the series	€ 62,613 Cash 2023: € 62,613 ▼ 88% vs 2022 (€ 500,916) Unfavourable step	€ 107,013 Cash 2024: € 107,013 ▲ 71% vs 2023 (€ 62,613) Favourable step	€ 861,785 Cash 2025: € 861,785 ▲ € 754,772 vs 2024 (€ 107,013) Favourable step	▲ € 754,772
Land & buildings	€ 1,875,246 Land & buildings 2022: € 1,875,246 First fiscal year in the series	€ 1,884,048 Land & buildings 2023: € 1,884,048 Unchanged (€ 1,875,246) Unchanged	€ 1,692,939 Land & buildings 2024: € 1,692,939 ▼ 10% vs 2023 (€ 1,884,048) Unchanged	€ 1,899,419 Land & buildings 2025: € 1,899,419 ▲ 12% vs 2024 (€ 1,692,939) Unchanged	▲ 12%
Retained profit	€ -813,070 Retained profit 2022: € -813,070 First fiscal year in the series	€ -568,051 Retained profit 2023: € -568,051 ▲ € 245,019 vs 2022 (€ -813,070) Favourable step	€ -1,185,497 Retained profit 2024: € -1,185,497 ▼ € 617,446 vs 2023 (€ -568,051) Unfavourable step	€ -2,361,493 Retained profit 2025: € -2,361,493 ▼ € 1.2 million vs 2024 (€ -1,185,497) Unfavourable step	▼ € 1.2 million
Bank debt	€ 6,555,477 Bank debt 2022: € 6,555,477 First fiscal year in the series	€ 6,694,379 Bank debt 2023: € 6,694,379 ▲ 2% vs 2022 (€ 6,555,477) Unfavourable step	€ 6,870,534 Bank debt 2024: € 6,870,534 ▲ 3% vs 2023 (€ 6,694,379) Unfavourable step	€ 9,617,067 Bank debt 2025: € 9,617,067 ▲ 40% vs 2024 (€ 6,870,534) Unfavourable step	▲ 40%
Balance sheet total	€ 7,701,649 Balance sheet total 2022: € 7,701,649 First fiscal year in the series	€ 8,210,801 Balance sheet total 2023: € 8,210,801 ▲ 7% vs 2022 (€ 7,701,649) Unchanged	€ 8,464,539 Balance sheet total 2024: € 8,464,539 ▲ 3% vs 2023 (€ 8,210,801) Unchanged	€ 11,944,698 Balance sheet total 2025: € 11,944,698 ▲ 41% vs 2024 (€ 8,464,539) Unchanged	▲ 41%
Employees (FTE)	47.1 Employees (FTE) 2022: 47.1 First fiscal year in the series	47.6 Employees (FTE) 2023: 47.6 ▲ 0.5 vs 2022 (47.1) Unchanged	49.2 Employees (FTE) 2024: 49.2 ▲ 1.6 vs 2023 (47.6) Unchanged	46 Employees (FTE) 2025: 46 ▼ 3.2 vs 2024 (49.2) Unchanged	▼ 3.2

Key figures of ASHG Ghent, 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 Ghent?

What happened at ASHG Ghent in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

2030 Steven Lewerenz stepped down as director. NBB
2030 André Guettouche stepped down as director. NBB
Jun 8, 2026 New annual accounts for financial year 2025: loss of € 1.2 million. Source: NBB ↗
2024 Steven Lewerenz became a director. NBB
2024 André Guettouche became a director. NBB
Jan 23, 1991 New establishment in Gent. KBO
Jun 15, 1988 Start of the company according to the CBE. KBO

In short

From € 231,549 loss in 2022 to € 1.2 million loss in 2025.

Paid € 123,405 in corporate taxes since 2022.

Best year ever: 2023, with € 245,019 profit.

Pays suppliers within 177 days on average.

Original PDFs at the National Bank ↗

Management

ASHG Belgium 100%

ASHG Ghent

The shares are held by ASHG Belgium (100%).

Directors

According to the 2025 annual accounts

Steven Lewerenz

Director

Also active at: ASHG Antwerp North, ASHG Belgium

since 2024 · until 2030

André Guettouche

Director

Also active at: ASHG Antwerp Centre, ASHG Antwerp North, ASHG Belgium

since 2024 · until 2030

Shareholders

ASHG Belgium

100%

Participations

No participations in other companies reported.

Establishments

Establishment units

Physical locations of this company

Registered office

Maaltekouter 3

9051 Gent

Who else lives here?

A building full of entrepreneurs or one very busy letterbox? Another 3 companies are registered at this address.

All companies at this address →

ASHG Antwerp Centre same network

€ 4 million revenue · 2025

ASHG Antwerp North same network

€ 4.2 million revenue · 2025

ASHG Belgium same network

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

Details

Company number

0434.593.157

VAT number

BE 0434.593.157

Registered office

Maaltekouter 3, 9051 Gent

Names & denominations

ASHG Ghent · I.H.D. FLANDERS

Enterprise type

Rechtspersoon

Legal form

Public limited company

Legal situation

Normale toestand

Start date

15 June 1988

Peppol

Active · Active since 9 Sept 2025

Contact

gent.vocohotels.com

Activities · NACE

Hotels en dergelijke accommodatie

Hotels en motels, met restaurant

View on CBE Public ↗ Annual accounts (NBB) ↗