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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Figures corrected NBB
Corrected annual account filed for 2023.
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Busy address KBO
11 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
ELBA LEASEHOLD from Brussel, company number BE0889633520, closed financial year 2025 with a result of € 2.4 million after tax. For that financial year ELBA LEASEHOLD recorded revenue of € 30.1 million and equity of € 1.9 million. Compared with financial year 2024, the result moved from € 2.7 million to € 2.4 million. The company is profitable. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on June 22, 2026.
€ 1.9 million
▲ € 2.4 million vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 2.4 million
▼ 11% vs 2024
Profit after tax over the fiscal year.
€ 1.2 million
▲ 18% 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 € -1.6 million.
People and assets in 2025
150.7
▲ 0.2 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 8.9 million
▲ 6% vs 2024
€ 59,200 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.
€ 2.5 million
▲ 217% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 72.7 million
▲ 56% vs 2024
Loans from banks and other lenders, long and short.
€ 1.1 million
▲ 1% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 26 days on average.
€ 1.6 million
▲ 14% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 20,940,994 | € 27,350,312 | € 29,064,655 | € 30,113,088 | ▲ 4% |
| Profit after taxes | € -1,612,139 | € 1,801,652 | € 2,718,392 | € 2,424,446 | ▼ 11% |
| Equity | € -5,089,882 | € -3,288,230 | € -569,838 | € 1,854,609 | ▲ € 2.4 million |
| Total debts | € 53,841,867 | € 46,716,482 | € 51,161,336 | € 77,124,440 | ▲ 51% |
| Cash | € 1,412,166 | € 1,307,878 | € 982,777 | € 1,160,993 | ▲ 18% |
| Land & buildings | € 10,226,259 | € 8,835,136 | € 7,448,689 | € 6,089,791 | ▼ 18% |
| Retained profit | € -17,299,957 | € -15,498,305 | € -4,850,405 | € -1,615,044 | ▲ € 3.2 million |
| Bank debt | € 50,173,264 | € 42,891,125 | € 46,702,621 | € 72,652,332 | ▲ 56% |
| Balance sheet total | € 48,751,985 | € 43,428,252 | € 50,591,498 | € 79,165,062 | ▲ 56% |
| Employees (FTE) | 139.6 | 150.2 | 150.5 | 150.7 | ▲ 0.2 |
Key figures of ELBA LEASEHOLD, 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 ELBA LEASEHOLD?
What happened at ELBA LEASEHOLD in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 2.4 million (▼ 11% vs 2024). Source: NBB ↗
- Jonas Törner became a director. NBB
- Anneli Lindblom became a director. NBB
- Lars Häggström became a director. NBB
- Kanri Hotel Mangement BV became a director. NBB
- Start of the company according to the CBE. KBO
- New establishment in Brussel. KBO
In short
From € 1.6 million loss in 2022 to € 2.4 million profit in 2025.
Paid € 1.1 million in corporate taxes since 2022.
Best year ever: 2024, with € 2.7 million profit.
Pays suppliers within 26 days on average.
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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 ELBA BELGIUM HOLDING comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
ELBA LEASEHOLDBehind ELBA LEASEHOLD are Lars Häggström, Jonas Törner, Anneli Lindblom and Kanri Hotel Mangement BV . The shares are held by ELBA BELGIUM HOLDING (100%).
Directors
According to the 2025 annual accounts
Lars Häggström
Manager
Also active at: HOLCRO, LE NOUVEAU PALACE, TOWN HOTEL, SWISS HOTELS LEASING COMPANY, Grand Hotel of Brussels, PANDOX ROYALE, IMMO HOTEL BCC, PANDOX CHARLEMAGNE +3 more
since 2016
Jonas Törner
Manager
Also active at: HOLCRO, TOWN HOTEL, SWISS HOTELS LEASING COMPANY, Grand Hotel of Brussels, PANDOX ROYALE, IMMO HOTEL BCC, Pandox RMC, PANDOX CHARLEMAGNE +3 more
since 2022
Anneli Lindblom
Manager
Also active at: HOLCRO, LE NOUVEAU PALACE, SWISS HOTELS LEASING COMPANY, Pandox RMC, Pandox Holidaystraat, ELBA BELGIUM HOLDING, PANDOX BELGIUM
since 2022
Kanri Hotel Mangement BV
Manager · represented by Aldert Schaaphok
since 2015
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Waterloolaan 38
1000 Brussel
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 11 companies are registered at this address.
All companies at this address →Grand Hotel of Brussels same network
€ 1 million gross margin · 2025
SALIX
€ 7,772 gross margin · 2025
HAUT DE LA VILLE - FEDERATION DES COMMERCANTS DU BOULEVARD DE WATERLOO
PANDOX ROYALE same network
€ 2.9 million gross margin · 2025
IMMO HOTEL BCC same network
€ 2.1 million gross margin · 2025
+6 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
- 0889.633.520
- VAT number
- BE 0889.633.520
- Registered office
- Waterloolaan 38, 1000 Brussel
- Names & denominations
- ELBA LEASEHOLD
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 24 May 2007
- Peppol
- Active · Active since 25 Aug 2025
- Activities · NACE
Hotels en dergelijke accommodatie
Hotels en motels, met restaurant
Activiteiten van eetgelegenheden met volledige bediening
Eetgelegenheden met volledige bediening