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 4 of the last 4 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 11 % of short-term debt in 2024; threshold 65 %.
Financials
Financial year 2024
S.H.G.P. from Brussel, company number BE0461134436, closed financial year 2024 with a result of € 15,325 after tax. For that financial year S.H.G.P. recorded a gross margin of € 233,419 and equity of € -209,610. Compared with financial year 2023, the result moved from € 26,604 to € 15,325. The company is profitable. 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 August 30, 2025.
€ -209,610
▲ € 15,325 vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 15,325
▼ 42% vs 2023
Profit after tax over the fiscal year.
€ 23,380
▼ 11% 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 € -409,908.
People and assets in 2024
€ 124,797
▲ 8% 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.
Debts at end 2024
€ 57,675
▼ 43% vs 2023
€ 27,415 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 35,728
▼ 55% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 64,896
▲ 43% vs 2023
Taxes, VAT and social contributions still to pay.
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| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 49,589 | € 164,518 | € 199,656 | € 233,419 | ▲ 17% |
| Profit after taxes | € -20,372 | € -2,726 | € 26,604 | € 15,325 | ▼ 42% |
| Equity | € -248,813 | € -251,538 | € -224,935 | € -209,610 | ▲ € 15,325 |
| Total debts | € 395,883 | € 355,853 | € 361,219 | € 306,007 | ▼ 15% |
| Cash | € 38,810 | € 22,686 | € 26,405 | € 23,380 | ▼ 11% |
| Land & buildings | € 20,108 | € 5,873 | € 39,467 | € 32,393 | ▼ 18% |
| Retained profit | € -449,111 | € -451,836 | € -425,233 | € -409,908 | ▲ € 15,325 |
| Bank debt | € 147,631 | € 122,565 | € 100,983 | € 57,675 | ▼ 43% |
| Balance sheet total | € 147,070 | € 104,315 | € 136,284 | € 96,397 | ▼ 29% |
Key figures of S.H.G.P., 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 S.H.G.P.?
What happened at S.H.G.P. in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: profit of € 15,325 (▼ 42% vs 2023). filed late Source: NBB ↗
- MCCW INVEST SRL stepped down as director. NBB
- FININVEST SA MANICO stepped down as director. NBB
- New establishment in Brussel. KBO
- Start of the company according to the CBE. KBO
In short
From € 20,372 loss in 2021 to € 15,325 profit in 2024.
Best year ever: 2023, with € 26,604 profit.
A new publication or filing at S.H.G.P.? 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 YDCO, MANICO FININVEST comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
S.H.G.P.The shares are held by YDCO (99%) and MANICO FININVEST (0.5%).
Directors
According to the 2024 annual accounts
MCCW INVEST SRL
Managing director
· until 2024
FININVEST SA MANICO
Managing director
· until 2024
Shareholders
99%
0.5%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Grote Markt 15
1000 Brussel
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 5 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
- 0461.134.436
- VAT number
- BE 0461.134.436
- Registered office
- Grote Markt 15, 1000 Brussel
- Names & denominations
- S.H.G.P.
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 14 July 1997
- Peppol
- Active · Active since 27 Jan 2026
- Activities · NACE
Hotels en dergelijke accommodatie
Hotels en motels, zonder restaurant
Hotels en motels, met restaurant