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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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Busy address KBO
57 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
AIRPORT GARDEN HOTEL from Brussel, company number BE0474417201, closed financial year 2025 with a result of € -435,757 after tax. For that financial year AIRPORT GARDEN HOTEL recorded revenue of € 14.7 million and equity of € -19.3 million. Compared with financial year 2024, the result moved from € 1.1 million to € -435,757. 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 May 22, 2026.
€ -19.3 million
▼ € 435,757 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -435,757
▼ still € 1.1 million profit in 2024
Profit after tax over the fiscal year.
€ 2.5 million
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -29.3 million.
People and assets in 2025
83.5
Average over the fiscal year, from the social balance sheet.
€ 5.2 million
€ 62,800 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.
€ 1.2 million
▲ 1% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 29.1 million
▼ 12% vs 2024
Loans from banks and other lenders, long and short.
€ 208,700
▲ 100% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 12 days on average.
€ 769,299
▼ 24% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 12,582,003 | € 15,663,378 | € 16,431,266 | € 14,706,308 | ▼ 10% |
| Profit after taxes | € 177,835 | € 936,711 | € 1,145,658 | € -435,757 | ▼ € 1.6 million |
| Equity | € -18,817,221 | € -18,817,221 | € -18,817,221 | € -19,252,978 | ▼ € 435,757 |
| Total debts | € 35,060,753 | € 35,655,414 | € 35,717,065 | € 33,939,131 | ▼ 5% |
| Cash | € 2,149,631 | € 2,553,075 | € 2,464,591 | € 2,463,156 | |
| Land & buildings | € 11,987,786 | € 11,136,136 | € 10,275,826 | € 9,612,427 | ▼ 6% |
| Retained profit | € -28,840,521 | € -28,840,521 | € -28,840,521 | € -29,276,278 | ▼ € 435,757 |
| Dividend | € 0 | € 936,711 | € 1,145,658 | € 0 | ▼ 100% |
| Bank debt | € 33,038,657 | € 33,038,657 | € 33,038,657 | € 29,142,778 | ▼ 12% |
| Balance sheet total | € 16,243,532 | € 16,838,193 | € 16,899,845 | € 14,686,153 | ▼ 13% |
| Employees (FTE) | 64.3 | 77.3 | 83.5 | 83.5 |
Key figures of AIRPORT GARDEN HOTEL, 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 AIRPORT GARDEN HOTEL?
What happened at AIRPORT GARDEN HOTEL in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Covivio Hotels Belgique SA stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 435,757 (▼ € 1.6 million vs 2024). Source: NBB ↗
- Covivio Hotels Belgique SA became a director. NBB
- New establishment in Elsene. KBO
- New establishment in Machelen (Brab.). KBO
- Start of the company according to the CBE. KBO
In short
From € 177,835 profit in 2022 to € 435,757 loss in 2025.
Paid € 16,495 in corporate taxes since 2022.
Best year ever: 2024, with € 1.1 million profit.
Paid out € 2.1 million in dividends to the owners in total.
A new publication or filing at AIRPORT GARDEN HOTEL? 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 Ulysse Tréfonds comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
AIRPORT GARDEN HOTELThe shares are held by Constance Lux 2 S.àr.l. (99.7%), Covivio Hotels Belgique SA (0.3%) and Ulysse Tréfonds (0.3%).
Directors
According to the 2025 annual accounts
Manager · represented by Marie GUYON
Also active at: Sunparks Oostduinkerke, Foncière Kempense Meren, Foncière Diegem, Opco 2 Bruges, EXCO HOTEL KVK, INVEST HOTEL KVK, Tulipe Holding Belgique, Narcisse Holding Belgique +28 more
since 2024 · until 2030
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Marnixlaan 23
1000 Brussel
Leonardo da Vincilaan 4
1831 Machelen (Brab.)
Active since 27 September 2001
Louizalaan 326
1050 Elsene
Active since 15 December 2016
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 57 companies are registered at this address.
All companies at this address →TELEFLEX MEDICAL
€ 18.7 million revenue · 2025
CUSHMAN & WAKEFIELD WINSSINGER TIE LEUNG
€ 218,925 revenue · 2024
Paardekooper België
Sunparks Oostduinkerke same network
€ 3.9 million revenue · 2025
CUSHMAN & WAKEFIELD BELGIUM
€ 14.4 million revenue · 2024
+52 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
- 0474.417.201
- VAT number
- BE 0474.417.201
- Registered office
- Marnixlaan 23, 1000 Brussel
- Names & denominations
- AIRPORT GARDEN HOTEL
- Enterprise type
- Rechtspersoon
- Legal form
- Limited partnership
- Legal situation
- Normale toestand
- Start date
- 27 March 2001
- Peppol
- Active · Active since 11 Mar 2026
- Activities · NACE
Hotels en dergelijke accommodatie
Hotels en motels, met restaurant
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