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.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 13 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
GENERAL HOLDING CORPORATION from Elsene, company number BE0678741167, closed financial year 2025 with a result of € -180,819 after tax. For that financial year GENERAL HOLDING CORPORATION recorded a gross margin of € 136,726 and equity of € -1.5 million. Compared with financial year 2024, the result moved from € -277,871 to € -180,819. 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 July 28, 2026.
€ -1.5 million
▼ € 180,819 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -180,819
▲ 35 % less loss than in 2024
Profit after tax over the fiscal year.
€ 33,487
▼ 41% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -1.5 million.
People and assets in 2025
10.8
▲ 1.6 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 305,492
▼ 16% vs 2024
€ 28,300 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.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 36,783
▼ 97% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 21,690
▲ 2% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -86,401 | € 138,909 | € 43,445 | € 136,726 | ▲ 215% |
| Profit after taxes | € -432,462 | € -274,068 | € -277,871 | € -180,819 | ▲ € 97,053 |
| Equity | € -735,788 | € -1,009,856 | € -1,287,727 | € -1,468,545 | ▼ € 180,819 |
| Total debts | € 929,530 | € 1,232,222 | € 1,453,124 | € 1,702,614 | ▲ 17% |
| Cash | € 49,389 | € 44,722 | € 57,061 | € 33,487 | ▼ 41% |
| Retained profit | € -741,988 | € -1,016,056 | € -1,293,927 | € -1,474,745 | ▼ € 180,819 |
| Balance sheet total | € 193,742 | € 222,367 | € 165,398 | € 234,069 | ▲ 42% |
| Employees (FTE) | 18.9 | 9.3 | 9.2 | 10.8 | ▲ 1.6 |
Key figures of GENERAL HOLDING CORPORATION, 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 GENERAL HOLDING CORPORATION?
What happened at GENERAL HOLDING CORPORATION in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 180,819. Source: NBB ↗
- New establishment in Elsene. KBO
- Raphaël Nataf became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 432,462 loss in 2022 to € 180,819 loss in 2025.
On average € 12,700 of value added per employee in 2025.
A new publication or filing at GENERAL HOLDING CORPORATION? 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 EUROREST BELGIUM, SOGEREST - BELGIUM, BELGIAN RESTAURATION, Priam Capital comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
GENERAL HOLDING CORPORATIONBehind GENERAL HOLDING CORPORATION is Raphaël Nataf. The shares are held by EUROREST BELGIUM (90%), SOGEREST - BELGIUM (10%), BELGIAN RESTAURATION and Priam Capital.
Directors
According to the 2025 annual accounts
Raphaël Nataf
Director
Also active at: CHICKEN CONCEPT, SOREBEL, TOISON GRILL, SOGEREST - BELGIUM, LEFSAB, BELGIAN RESTAURATION, EUROREST BELGIUM, ROGIER GRILL +13 more
since 2017
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Gulden-Vlieslaan 6
1050 Elsene
Elsense Steenweg 25
1050 Elsene
Active since 18 April 2019
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 6 companies are registered at this address.
All companies at this address →SOREBEL same network
€ 165,503 gross margin · 2025
BELGIAN RESTAURATION same network
€ 10,000 revenue · 2025
EUROREST BELGIUM same network
€ 963,292 revenue · 2025
Belgian Horeca Management same network
€ 1.1 million gross margin · 2025
Toison Food Company same network
€ 1.4 million gross margin · 2025
+1 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
- 0678.741.167
- VAT number
- BE 0678.741.167
- Registered office
- Gulden-Vlieslaan 6, 1050 Elsene
- Names & denominations
- GENERAL HOLDING CORPORATION
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 19 July 2017
- Peppol
- Active · Active since 29 Oct 2025
- Contact
- +320000000
- Activities · NACE
Activiteiten van eetgelegenheden met beperkte bediening, muv mobiele eetgelegenheden
Eetgelegenheden met beperkte bediening