Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 23.4 to 19.
Financials
Financial year 2025
Brugge Hotel from Brugge, company number BE0685810883, closed financial year 2025 with a result of € 120,666 after tax. For that financial year Brugge Hotel recorded revenue of € 5.2 million and equity of € 313,832. Compared with financial year 2024, the result moved from € 609,191 to € 120,666. The company is profitable. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 31, 2026.
€ 313,832
▲ 62% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 120,666
▼ 80% vs 2024
Profit after tax over the fiscal year.
€ 172,271
▼ 32% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 251,832.
People and assets in 2025
19
▼ 2.1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.2 million
▼ 4% vs 2024
€ 61,400 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.
€ 43,542
▼ 7% vs 2024
Of which on lease € 11,086.
Debts at end 2025
€ 199,972
▲ 46% vs 2024
€ 5,285 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 1.2 million
▲ 48% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 166,419
▼ 7% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 4,690,016 | € 5,302,198 | € 5,365,842 | € 5,176,909 | ▼ 4% |
| Gross margin | € 1,421,584 | € 1,977,931 | € 1,915,062 | € 1,389,738 | ▼ 27% |
| Profit after taxes | € 226,358 | € 586,865 | € 609,191 | € 120,666 | ▼ 80% |
| Equity | € -1,002,890 | € -416,025 | € 193,166 | € 313,832 | ▲ 62% |
| Total debts | € 1,907,778 | € 1,629,760 | € 1,231,400 | € 1,739,991 | ▲ 41% |
| Cash | € 128,394 | € 75,224 | € 253,170 | € 172,271 | ▼ 32% |
| Land & buildings | € 6,868 | € 11,306 | € 21,131 | € 86,440 | ▲ € 65,309 |
| Retained profit | € -1,064,890 | € -478,025 | € 131,166 | € 251,832 | ▲ 92% |
| Bank debt | € 49,412 | € 77,717 | € 136,823 | € 199,972 | ▲ 46% |
| Balance sheet total | € 904,888 | € 1,213,735 | € 1,424,566 | € 2,053,823 | ▲ 44% |
| Employees (FTE) | 21.4 | 23.4 | 21.1 | 19 | ▼ 2.1 |
Key figures of Brugge 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 Brugge Hotel?
What happened at Brugge Hotel in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- John LENAERS stepped down as director. NBB
- Ghislain LENAERS stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 120,666 (▼ 80% vs 2024). Source: NBB ↗
- John LENAERS became a director. NBB
- Ghislain LENAERS became a director. NBB
- New establishment in Brugge. KBO
- Start of the company according to the CBE. KBO
In short
From € 226,358 profit in 2022 to € 120,666 profit in 2025.
Paid € 103,365 in corporate taxes since 2022.
Best year ever: 2024, with € 609,191 profit.
On average € 73,100 of value added per employee in 2025.
Management
The shares are held by GL HOSPITALITY NV (100%).
Directors
According to the 2025 annual accounts
John LENAERS
Managing director
Also active at: GL Hospitality, ZUIDERRING INVEST, WEZEL, IMMO CURTIS, Algemene Ondernemingen G. LENAERS, GROUP GL International, GIROMA, BSL CONSTRUCT +34 more
since 2023 · until 2029
Ghislain LENAERS
Managing director
Also active at: WINKELCENTRUM ZUIDERRING, GL Hospitality, ZUIDERRING INVEST, WEZEL, IMMO CURTIS, Algemene Ondernemingen G. LENAERS, GROUP GL International, GIROMA +34 more
since 2023 · until 2029
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Frank Van Ackerpromenade 17
8000 Brugge
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0685.810.883
- VAT number
- BE 0685.810.883
- Registered office
- Frank Van Ackerpromenade 17, 8000 Brugge
- Names & denominations
- Brugge Hotel
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 11 December 2017
- Peppol
- Active · Active since 2 Dec 2025
- Activities · NACE
Hotels en dergelijke accommodatie
Activiteiten van eetgelegenheden met volledige bediening
Overige accommodatie
Catering van evenementen
Eetgelegenheden met volledige bediening