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 1 of the last 1 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 45 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
28 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
EXPLOITATIEMAATSCHAPPIJ HBAZ from Brugge, company number BE1007015396, closed financial year 2025 with a result of € -1.4 million after tax. For that financial year EXPLOITATIEMAATSCHAPPIJ HBAZ recorded a gross margin of € 1.1 million and equity of € -1.2 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 June 22, 2026.
€ -1.2 million
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -1.4 million
Profit after tax over the fiscal year.
€ 298,135
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -1.4 million.
People and assets in 2025
27.1
Average over the fiscal year, from the social balance sheet.
€ 1.5 million
€ 54,700 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.
€ 25.1 million
Of which on lease € 25.1 million.
Debts at end 2025
€ 1.1 million
Loans from banks and other lenders, long and short.
€ 2.9 million
Supplier invoices still open on the last day of the fiscal year.
€ 188,286
Taxes, VAT and social contributions still to pay.
What happened to EXPLOITATIEMAATSCHAPPIJ HBAZ?
What happened at EXPLOITATIEMAATSCHAPPIJ HBAZ in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Excelsior IC NV stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 1.4 million. Source: NBB ↗
- Belgian Coast Hotels NV became a director. NBB
- Excelsior IC NV became a director. NBB
- New establishment in Zaventem. KBO
- Start of the company according to the CBE. KBO
In short
Paid € 402 in corporate taxes since 2025.
On average € 40,100 of value added per employee in 2025.
Management
The stake of EXCELSIOR IC comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
EXPLOITATIEMAATSCHAPPIJ HBAZBehind EXPLOITATIEMAATSCHAPPIJ HBAZ is Belgian Coast Hotels NV. The shares are held by EXCELSIOR IC (100%).
Directors
According to the 2025 annual accounts
Managing director · represented by Chavalie De Lodder
Also active at: EXPLOITATIEMAATSCHAPPIJ MO, EXPLOITATIEMAATSCHAPPIJ MB, EXPLOITATIEMAATSCHAPPIJ IBA, EXPLOITATIEMAATSCHAPPIJ IBB, EXPLOITATIEMAATSCHAPPIJ ISB, EXPLOITATIEMAATSCHAPPIJ ISZ, EXPLOITATIEMAATSCHAPPIJ PBAZ
since 2025
Managing director · represented by Joachim Debucquoy
Also active at: EXPLOITATIEMAATSCHAPPIJ PBAZ
since 2024 · until 2030
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Monnikenwerve 17-19 box 1e verdiep
8000 Brugge
Excelsiorlaan 18
1930 Zaventem
Active since 12 March 2024
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 28 companies are registered at this address.
All companies at this address →EXPLOITATIEMAATSCHAPPIJ MO same network
€ 1.5 million gross margin · 2025
DORMA HUPPE
SOFIEC
JOYCE INVEST
€ 624,614 gross margin · 2025
LIBERAAL VERBOND VOOR ZELFSTANDIGEN - TREFPUNT BRUGGE
+23 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
- 1007.015.396
- VAT number
- BE 1007.015.396
- Registered office
- Monnikenwerve 17-19 bus 1e verdiep, 8000 Brugge
- Names & denominations
- EXPLOITATIEMAATSCHAPPIJ HBAZ · EXPLOITATIEMAATSCHAPPIJ MBA
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 12 March 2024
- Peppol
- Active · Active since 21 Oct 2026
- Activities · NACE
Hotels en dergelijke accommodatie
Activiteiten van eetgelegenheden met volledige bediening
Cafés en bars
Eetgelegenheden met volledige bediening