Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 24 % of short-term debt in 2024; threshold 65 %.
Financials
Financial year 2024
NEW EUROPEAN TRADE from Sint-Gillis (bij-Brussel), company number BE0449891344, closed financial year 2024 with a result of € 434,090 after tax. For that financial year NEW EUROPEAN TRADE recorded a gross margin of € 1.5 million and equity of € 2.5 million. Compared with financial year 2023, the result moved from € 218,046 to € 434,090. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on September 30, 2025.
€ 2.5 million
▲ 21% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 434,090
▲ 99% vs 2023
Profit after tax over the fiscal year.
€ 133,655
▲ 161% 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 € 896,885.
People and assets in 2024
€ 290,726
▼ 17% vs 2023
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 5,607
▼ 19% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
€ 8 million
▼ 8% vs 2023
€ 183,831 is repaid this year. At this pace the long-term loan is gone in ≈ 43 years.
€ 207,912
▲ 7% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 196,239
▲ 25% vs 2023
Taxes, VAT and social contributions still to pay.
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| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 619,464 | € 884,286 | € 1,163,611 | € 1,528,666 | ▲ 31% |
| Profit after taxes | € 144,061 | € 284,993 | € 218,046 | € 434,090 | ▲ 99% |
| Equity | € 1,609,757 | € 1,894,749 | € 2,112,795 | € 2,546,885 | ▲ 21% |
| Total debts | € 2,276,296 | € 2,172,318 | € 9,679,691 | € 10,249,177 | ▲ 6% |
| Cash | € 74,690 | € 447,212 | € 51,164 | € 133,655 | ▲ 161% |
| Land & buildings | € 2,939,705 | € 2,788,326 | € 2,600,045 | € 2,425,567 | ▼ 7% |
| Retained profit | € -40,243 | € 244,749 | € 462,795 | € 896,885 | ▲ 94% |
| Bank debt | € 2,055,792 | € 1,803,166 | € 8,650,190 | € 7,971,382 | ▼ 8% |
| Balance sheet total | € 3,886,053 | € 4,067,067 | € 11,792,487 | € 12,796,061 | ▲ 9% |
| Employees (FTE) | 6.3 | 6.5 | - | - |
Key figures of NEW EUROPEAN TRADE, 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 NEW EUROPEAN TRADE?
What happened at NEW EUROPEAN TRADE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: profit of € 434,090 (▲ 99% vs 2023). filed late Source: NBB ↗
- New establishment in Sint-Gillis (bij-Brussel). KBO
- Start of the company according to the CBE. KBO
In short
From € 144,061 profit in 2021 to € 434,090 profit in 2024.
Paid € 159,163 in corporate taxes since 2021.
Best year ever: 2024, with € 434,090 profit.
On average € 136,000 of value added per employee in 2022.
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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
Management
Behind NEW EUROPEAN TRADE is Karim NAYANI. It owns 100% of SUN HOTEL itself.
Directors
According to the 2024 annual accounts
Karim NAYANI
Managing director
Also active at: GENERAL ESTATES, STAR LEISURE GROUP, BRUSSELS BUSINESS NETWORK
Establishments
Establishment units
Physical locations of this company
Jamarlaan 21
1060 Sint-Gillis (bij-Brussel)
Jamarlaan 21-23
1060 Sint-Gillis (bij-Brussel)
Active since 28 October 1998
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 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.
Details
- Company number
- 0449.891.344
- VAT number
- BE 0449.891.344
- Registered office
- Jamarlaan 21, 1060 Sint-Gillis (bij-Brussel)
- Names & denominations
- NEW EUROPEAN TRADE · N.E.T.
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 30 March 1993
- Peppol
- Active · Active since 12 Dec 2025
- Activities · NACE
Hotels en dergelijke accommodatie
Hotels en motels, zonder restaurant
Vakantieverblijven en andere accommodatie voor kort verblijf, neg