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.
-
Tight liquidity NBB
Cash and receivables cover 5 % of short-term debt in 2025; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 77 to 42.4.
Financials
Financial year 2025
Hard Rock Café (Belgium) from Brussel, company number BE0839900234, closed financial year 2025 with a result of € -2.9 million after tax. For that financial year Hard Rock Café (Belgium) recorded a gross margin of € 1.3 million and equity of € -13.2 million. Compared with financial year 2024, the result moved from € -1.3 million to € -2.9 million. 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 29, 2026.
€ -13.2 million
▼ € 2.9 million vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -2.9 million
▼ 131 % more loss than in 2024
Profit after tax over the fiscal year.
€ 675,616
▲ 3% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -18.8 million.
People and assets in 2025
42.4
▼ 3.6 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 3.6 million
▲ 35% vs 2024
€ 85,600 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.
€ 13,980
▲ 52% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 76,827
▲ 110% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 1.6 million
▲ 282% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 2,525,341 | € 2,395,497 | € 1,637,850 | € 1,342,480 | ▼ 18% |
| Profit after taxes | € -1,915,221 | € -3,057,844 | € -1,257,848 | € -2,901,885 | ▼ € 1.6 million |
| Equity | € -6,513,124 | € -9,570,968 | € -10,328,816 | € -13,230,702 | ▼ € 2.9 million |
| Total debts | € 8,900,759 | € 10,957,122 | € 11,424,024 | € 14,226,043 | ▲ 25% |
| Cash | € 1,263,229 | € 755,372 | € 659,006 | € 675,616 | ▲ 3% |
| Retained profit | € -11,580,624 | € -14,638,468 | € -15,896,316 | € -18,798,202 | ▼ € 2.9 million |
| Balance sheet total | € 2,413,987 | € 1,386,153 | € 1,095,208 | € 995,341 | ▼ 9% |
| Employees (FTE) | 80.1 | 77 | 46 | 42.4 | ▼ 3.6 |
Key figures of Hard Rock Café (Belgium), 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 Hard Rock Café (Belgium)?
What happened at Hard Rock Café (Belgium) in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Eric Martino stepped down as director. NBB
- Jeffrey Hook stepped down as director. NBB
- Vincent Zahn stepped down as director. NBB
- Stefano Pandin stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 2.9 million. Source: NBB ↗
- Eric Martino became a director. NBB
- Jeffrey Hook became a director. NBB
- Vincent Zahn became a director. NBB
In short
From € 1.9 million loss in 2022 to € 2.9 million loss in 2025.
On average € 31,700 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
Directors
According to the 2025 annual accounts
Eric Martino
Director
since 2025 · until 2031
Jeffrey Hook
Director
since 2025 · until 2031
Stefano Pandin
Director
since 2023 · until 2029
Vincent Zahn
Director
since 2025 · until 2031
Establishments
Establishment units
Physical locations of this company
Grote Markt 12A
1000 Brussel
Hoedenmakersstraat 17
1000 Brussel
Active since 1 October 2022
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
CLOUDFLARENET - Cloudflare, Inc., US
DNS
Cloudflare DNS
Domain
Domain
hardrock.com
Registered
1998-07-24
Registrar
NOM-IQ Ltd dba Com Laude
Expires
2026-07-23
Website info
Features
Security
Network
Details
- Company number
- 0839.900.234
- VAT number
- BE 0839.900.234
- Registered office
- Grote Markt 12A, 1000 Brussel
- Names & denominations
- Hard Rock Café (Belgium)
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 4 October 2011
- Peppol
- Active · Active since 3 Dec 2025
- Contact
- hardrock.com
- Activities · NACE
Activiteiten van eetgelegenheden met volledige bediening
Eetgelegenheden met volledige bediening
Activiteiten van eetgelegenheden met beperkte bediening, muv mobiele eetgelegenheden
Detailhandel in kledingaccessoires
Detailhandel in souvenirs en religieuze artikelen
Cafés en bars
Detailhandel in souvenirs en religieuze artikelen in gespecialiseerde winkels
Eetgelegenheden met beperkte bediening