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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Two loss years in a row NBB
Negative result in 2023 and 2024.
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Tight liquidity NBB
Cash and receivables cover 30 % of short-term debt in 2024; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 3 to 2.
Financials
Financial year 2024
HOTEL CHELTON from Brussel, company number BE0844610870, closed financial year 2024 with a result of € -346,793 after tax. For that financial year HOTEL CHELTON recorded a gross margin of € 19,594 and equity of € -1.6 million. Compared with financial year 2023, the result moved from € -313,700 to € -346,793. 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 3, 2025.
€ -1.6 million
▼ € 346,793 vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -346,793
▼ 11 % more loss than in 2023
Profit after tax over the fiscal year.
€ 11,687
▼ 98% vs 2023
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -1.7 million.
People and assets in 2024
2
▼ 0.5 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 64,952
▼ 37% vs 2023
€ 32,500 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 2024
€ 1.5 million
▼ 8% vs 2023
€ 124,938 is repaid this year. At this pace the long-term loan is gone in ≈ 12 years.
€ 44,505
▼ 61% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 3,042
▼ 72% vs 2023
Taxes, VAT and social contributions still to pay.
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| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 22,705 | € 312,421 | € 48,284 | € 19,594 | ▼ 59% |
| Profit after taxes | € -282,426 | € -551,380 | € -313,700 | € -346,793 | ▼ € 33,092 |
| Equity | € -406,451 | € -957,831 | € -1,271,531 | € -1,618,324 | ▼ € 346,793 |
| Total debts | € 2,843,235 | € 3,274,295 | € 5,211,883 | € 6,774,026 | ▲ 30% |
| Cash | € 38,524 | € 313,788 | € 760,641 | € 11,687 | ▼ 98% |
| Land & buildings | € 1,846,616 | € 1,562,093 | € 1,501,827 | € 1,441,560 | ▼ 4% |
| Retained profit | € -506,451 | € -1,057,831 | € -1,371,531 | € -1,718,324 | ▼ € 346,793 |
| Bank debt | € 1,854,410 | € 1,737,303 | € 1,617,642 | € 1,495,371 | ▼ 8% |
| Balance sheet total | € 2,695,984 | € 2,575,664 | € 4,199,552 | € 5,414,902 | ▲ 29% |
| Employees (FTE) | 3.7 | 3 | 2.5 | 2 | ▼ 0.5 |
Key figures of HOTEL CHELTON, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to HOTEL CHELTON?
What happened at HOTEL CHELTON in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Louis QUENTIN stepped down as director. NBB
- New annual accounts for financial year 2024: loss of € 346,793. Source: NBB ↗
- Jérôme QUENTIN stepped down as director. NBB
- Louis QUENTIN became a director. NBB
- Jérôme QUENTIN became a director. NBB
- New establishment in Brussel. KBO
- Start of the company according to the CBE. KBO
In short
From € 282,426 loss in 2021 to € 346,793 loss in 2024.
On average € 9,800 of value added per employee in 2024.
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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 9HOTEL COLLECTION INTERNATIONAL comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
HOTEL CHELTONThe shares are held by 9HOTEL COLLECTION INTERNATIONAL (100%).
Directors
According to the 2024 annual accounts
since 2019 · until 2030
since 2019 · until 2024
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Veronesestraat 48
1000 Brussel
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0844.610.870
- VAT number
- BE 0844.610.870
- Registered office
- Veronesestraat 48, 1000 Brussel
- Names & denominations
- HOTEL CHELTON
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 22 March 2012
- Peppol
- Active · Active since 27 Mar 2026
- Activities · NACE
Hotels en dergelijke accommodatie