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 58 % of short-term debt in 2024; threshold 65 %.
Financials
Financial year 2024
FETNAT from Brussel, company number BE0450505612, closed financial year 2024 with a result of € 154,427 after tax. For that financial year FETNAT recorded a gross margin of € 1.4 million and equity of € 830,787. Compared with financial year 2023, the result moved from € 103,039 to € 154,427. 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 August 29, 2025.
€ 830,787
▲ 23% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 154,427
▲ 50% vs 2023
Profit after tax over the fiscal year.
€ 197,869
▼ 43% 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 € 477,535.
People and assets in 2024
10.5
Average over the fiscal year, from the social balance sheet.
€ 595,123
▼ 5% vs 2023
€ 56,700 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.
€ 1 million
▲ € 1 million vs 2023
Of which on lease € 1 million.
Debts at end 2024
€ 1.8 million
▲ 71% vs 2023
€ 495,521 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 1.1 million
▼ 1% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 378,132
▼ 1% vs 2023
Taxes, VAT and social contributions still to pay.
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| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 245,232 | € 717,522 | € 1,166,299 | € 1,424,937 | ▲ 22% |
| Profit after taxes | € -75,442 | € 82,907 | € 103,039 | € 154,427 | ▲ 50% |
| Equity | € 493,942 | € 575,084 | € 676,360 | € 830,787 | ▲ 23% |
| Total debts | € 2,189,113 | € 2,514,064 | € 3,528,514 | € 4,332,323 | ▲ 23% |
| Cash | € 461,864 | € 487,603 | € 345,560 | € 197,869 | ▼ 43% |
| Land & buildings | € 325,840 | € 754,510 | € 1,855,964 | € 2,112,317 | ▲ 14% |
| Retained profit | € 137,162 | € 220,068 | € 323,108 | € 477,535 | ▲ 48% |
| Bank debt | € 1,482,399 | € 1,327,361 | € 1,059,984 | € 1,808,477 | ▲ 71% |
| Balance sheet total | € 2,683,055 | € 3,089,148 | € 4,204,874 | € 5,163,109 | ▲ 23% |
| Employees (FTE) | 9.5 | 10.3 | - | 10.5 |
Key figures of FETNAT, 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 FETNAT?
What happened at FETNAT in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Mehdi BENZINE stepped down as director. NBB
- Carine BARMOSHE stepped down as director. NBB
- Michaël BARMOSHE stepped down as director. NBB
- New annual accounts for financial year 2024: profit of € 154,427 (▲ 50% vs 2023). filed late Source: NBB ↗
- Mehdi BENZINE became a director. NBB
- Carine BARMOSHE became a director. NBB
- Michaël BARMOSHE became a director. NBB
- New establishment in Brussel. KBO
In short
From € 75,442 loss in 2021 to € 154,427 profit in 2024.
Paid € 139,710 in corporate taxes since 2021.
Best year ever: 2024, with € 154,427 profit.
On average € 135,700 of value added per employee in 2024.
A new publication or filing at FETNAT? 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
Management
The stake of BMH comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
FETNATThe shares are held by BMH (100%).
Directors
According to the 2024 annual accounts
Mehdi BENZINE
Managing director
Also active at: Etablissements Kulche - Machines, JMF INVEST, SKYPOINT, HOTEL CHAMBON, BHINVEST, HOTEL ASCOT, EVERLAND, WAVRE PROPERTIES
since 2023 · until 2029
Carine BARMOSHE
Managing director
Also active at: Le Conteur, BM Invest, AKAI RESTAURANT LOUNGE CLUB
since 2023 · until 2029
Michaël BARMOSHE
Director
Also active at: Etablissements Kulche - Machines, LIMEINVEST, USTEL, BH Holding, a&o hostel and hotel Bruxelles, MEDITERRANEO BRUSSELS, ROSHIER, HOTEL CHAMBON +8 more
since 2023 · until 2029
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Kiekenmarkt 32
1000 Brussel
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 8 companies are registered at this address.
All companies at this address →BIG - FOOD - SNACK
JERBA LA DOUCE
PALAIS D'ASIE S.A.
€ 676 gross margin · 2025
PALAIS D'ASIE BRUXELLES
€ 796,264 gross margin · 2025
Le Conteur same network
€ 2.4 million gross margin · 2024
+3 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0450.505.612
- VAT number
- BE 0450.505.612
- Registered office
- Kiekenmarkt 32, 1000 Brussel
- Names & denominations
- FETNAT
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 29 June 1993
- Peppol
- Active · Active since 13 Nov 2025
- Activities · NACE
Hotels en dergelijke accommodatie
Hotels en motels, zonder restaurant