Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
Financials
Financial year 2025
HOTEL DE FLANDRE from Namur, company number BE0473569044, closed financial year 2025 with a result of € -54,544 after tax. For that financial year HOTEL DE FLANDRE recorded a gross margin of € 486,061 and equity of € 214,716. Compared with financial year 2024, the result moved from € -38,677 to € -54,544. The company made a loss. The company holds a healthy buffer. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 22, 2026.
€ 214,716
▼ 21% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -54,544
▼ 41 % more loss than in 2024
Profit after tax over the fiscal year.
€ 373,841
▲ € 348,384 vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -285,104.
People and assets in 2025
5.9
▼ 0.2 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 320,747
▲ 1% vs 2024
€ 54,400 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.
€ 25,674
▼ 24% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 612,942
▼ 13% vs 2024
€ 90,457 is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 217,508
▲ € 188,340 vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 74,786
▲ 56% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 585,962 | € 442,470 | € 506,514 | € 486,061 | ▼ 4% |
| Profit after taxes | € 80,909 | € -85,845 | € -38,677 | € -54,544 | ▼ € 15,867 |
| Equity | € 399,355 | € 311,652 | € 271,117 | € 214,716 | ▼ 21% |
| Total debts | € 2,013,166 | € 1,891,772 | € 1,761,662 | € 2,188,471 | ▲ 24% |
| Cash | € 346,226 | € 71,323 | € 25,457 | € 373,841 | ▲ € 348,384 |
| Land & buildings | € 1,894,391 | € 1,780,226 | € 1,678,305 | € 1,651,906 | ▼ 2% |
| Retained profit | € -106,039 | € -191,884 | € -230,561 | € -285,104 | ▼ € 54,544 |
| Bank debt | € 879,327 | € 791,355 | € 702,563 | € 612,942 | ▼ 13% |
| Balance sheet total | € 2,412,521 | € 2,203,423 | € 2,032,779 | € 2,403,187 | ▲ 18% |
| Employees (FTE) | 5.8 | 6.1 | 6.1 | 5.9 | ▼ 0.2 |
Key figures of HOTEL DE FLANDRE, 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 HOTEL DE FLANDRE?
What happened at HOTEL DE FLANDRE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 54,544. Source: NBB ↗
- New establishment in Namur. KBO
- Start of the company according to the CBE. KBO
In short
From € 80,909 profit in 2022 to € 54,544 loss in 2025.
Paid € 1,109 in corporate taxes since 2022.
Best year ever: 2022, with € 80,909 profit.
On average € 82,400 of value added per employee in 2025.
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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 HOTEL DE FLANDRE are CAROLINE HORGNIES, CHRISTINE BOURGAUX, MARC HORGNIES, VINCENT HORGNIES and REGIS HORGNIES. CHRISTINE BOURGAUX is also behind HOTEL LES TROIS CLES. MARC HORGNIES is also behind HOTEL LES TROIS CLES and RESIDENCE BRUGMANN.
Directors
According to the 2025 annual accounts
CAROLINE HORGNIES
Autre fonction
VINCENT HORGNIES
Autre fonction
Establishments
Establishment units
Physical locations of this company
Place de la Station 14
5000 Namur
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0473.569.044
- VAT number
- BE 0473.569.044
- Registered office
- Place de la Station 14, 5000 Namur
- Names & denominations
- HOTEL DE FLANDRE
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 22 December 2000
- Peppol
- Active · Active since 24 Feb 2026
- Activities · NACE
Hotels en motels, met restaurant
Hotels en dergelijke accommodatie