ACTIVE

FALS

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Financial year 2025 · closed on 31/12/2025

Net result

-204 k €

+47.7% YoY

Gross margin

341,1 k €

+74.3% YoY

Equity

-185,6 k €

-865.8% YoY

Workforce

7,1 ETP

-1.4% YoY

What does FALS do?

FALS is a Private limited company incorporated in 1983. Its main activity is: Hotels and similar accommodation. Its registered office is in Waterloo. It employs on average 7,1 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0424.336.891

Incorporation

10/08/1983

Legal form

Private limited company

Registered office

Chaussée de Tervuren 389
1410 Waterloo · WallonieSee on map

Contributed capital

4 288,00 €

Latest accounts

31/12/2025

Average workforce

7,1 ETP

Activities (NACE)

55100Hotels and similar accommodation· main 55100Hotels and similar accommodation 55101Hotels and similar accommodation 55401Accommodation 56301Beverage serving activities 56301Beverage serving activities

Joint committees (1)

Contacts

1 public detail availableLog in to view

Signals

Healthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	341,1 k €	+74.3%	195,8 k €	-52.8%	414,3 k €	+44.6%	286,6 k €	-64.9%	817,2 k €	+30.5%	626,1 k €	-18.5%	767,9 k €	+7.4%	714,8 k €	+1.3%	706 k €	+8.5%	650,7 k €	+2.2%	636,5 k €	+19.3%	533,7 k €	-16.4%	638,2 k €	+9.4%	583,3 k €	-12.5%	666,8 k €	+17.2%	569,1 k €	-2.8%	585,7 k €	+7.6%	544,4 k €	-3.4%	563,9 k €	-11.8%	639,6 k €
EBITDA	-65 k €	+73.8%	-247,9 k €	-278%	139,1 k €	+307%	-67,3 k €	-116%	433,7 k €	+16.7%	371,7 k €	+33.7%	278,1 k €	-18.9%	342,7 k €	+16.1%	295,2 k €	-11.4%	333,4 k €	+34.5%	247,8 k €	+20.8%	205,2 k €	-28.4%	286,4 k €	+8.5%	264,1 k €	-15.9%	314 k €	+11.4%	281,8 k €	+5.3%	267,5 k €	+5.5%	253,6 k €	-10.3%	282,7 k €	-22.9%	366,6 k €
Operating result	-191,4 k €	+48.7%	-372,8 k €	-1089%	37,7 k €	+121%	-182 k €	-161%	300 k €	+27.6%	235,1 k €	+226%	72 k €	-52.6%	151,9 k €	+57.8%	96,3 k €	-37.8%	154,7 k €	+66.2%	93,1 k €	+129%	40,7 k €	-65.2%	116,7 k €	+70.2%	68,6 k €	+39.0%	49,3 k €	-11.4%	55,7 k €	+40.7%	39,6 k €	+87.7%	21,1 k €	-68.3%	66,6 k €	-35.6%	103,4 k €
Net result	-204 k €	+47.7%	-390,3 k €	-1272%	33,3 k €	+118%	-189,5 k €	-182%	230 k €	+41.8%	162,1 k €	+73.9%	93,3 k €	-13.9%	108,3 k €	+78.8%	60,5 k €	+142%	25,1 k €	-69.7%	82,8 k €	+99.9%	41,4 k €	-21.7%	52,9 k €	+2.0%	51,8 k €	+576%	7,7 k €	-74.7%	30,3 k €	+351%	-12,1 k €	+28.8%	-17 k €	-186%	19,6 k €	-72.8%	72,3 k €
Balance sheet
Equity	-185,6 k €	-866%	24,2 k €	-97.5%	972,8 k €	-4.6%	1 M €	-17.4%	1,2 M €	+22.4%	1 M €	+17.3%	860,1 k €	+12.7%	763,1 k €	+14.6%	666 k €	-1.4%	675,2 k €	+1.8%	663,2 k €	+10.8%	598,8 k €	+5.1%	570 k €	+4.3%	546,4 k €	+9.8%	497,4 k €	-1.8%	506,4 k €	+5.5%	479,9 k €	-5.2%	506,3 k €	+0.8%	502,1 k €	-49.0%	985,5 k €
Total assets	693,3 k €	-13.8%	804,6 k €	-26.2%	1,1 M €	-4.0%	1,1 M €	-27.7%	1,6 M €	+24.1%	1,3 M €	-1.3%	1,3 M €	-3.1%	1,3 M €	-1.4%	1,3 M €	-16.5%	1,6 M €	+10.7%	1,5 M €	+0.1%	1,4 M €	-18.1%	1,8 M €	-6.5%	1,9 M €	-6.4%	2 M €	+6.5%	1,9 M €	-6.9%	2 M €	-2.6%	2,1 M €	-3.4%	2,2 M €	-25.5%	2,9 M €
Cash	20 k €	+71.0%	11,7 k €	+46.8%	8 k €	-92.8%	109,8 k €	-58.3%	263,5 k €	+374%	55,6 k €	+6.5%	52,3 k €	-15.4%	61,8 k €	-26.5%	84,1 k €	+2.4%	82,1 k €	+76.0%	46,6 k €	+3333%	1,4 k €	-92.4%	17,9 k €	+44.3%	12,4 k €	+158%	4,8 k €	+2.1%	4,7 k €	-78.2%	21,7 k €	-17.3%	26,2 k €	-68.1%	82,2 k €	+75.2%	46,9 k €
Debts	834,6 k €	+10.4%	755,7 k €	+923%	73,9 k €	+10.7%	66,8 k €	-76.2%	281 k €	+46.7%	191,5 k €	-45.3%	350,1 k €	-27.9%	485,7 k €	-14.2%	565,8 k €	-32.7%	840,3 k €	+21.3%	692,8 k €	-7.5%	748,6 k €	-30.7%	1,1 M €	-12.2%	1,2 M €	-12.4%	1,4 M €	+11.3%	1,3 M €	-10.3%	1,4 M €	-2.2%	1,4 M €	-5.1%	1,5 M €	-9.7%	1,7 M €
Other
Workforce	7,1 ETP	-1.4%	7,2 ETP	+35.8%	5,3 ETP	-5.4%	5,6 ETP	-46.2%	10,4 ETP	-12.6%	11,9 ETP	+8.2%	11,0 ETP		–		–		8,7 ETP	-11.2%	9,8 ETP	-10.1%	10,9 ETP	+51.4%	7,2 ETP	0.0%	7,2 ETP	-18.2%	8,8 ETP	+27.5%	6,9 ETP	-9.2%	7,6 ETP	+8.6%	7,0 ETP	-30.0%	10,0 ETP	-16.7%	12,0 ETP

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 3 ended

Active mandates

ARLO

Managing director · since 17 mai 2023 · 0549.871.917

Represented by Arthur Lhoist

Active

SPORTS VENTURES

Managing director · since 17 mai 2023 · 0607.893.852

Active

Ended mandates

FABIENNE HOLTZEIMER

Mandate

Ended

FABIENNE HOLTZHEIMER

Mandate

Ended

LUC SCHEPERS

Mandate

Ended

At this address

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Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	09/06/2026	23/07/2025	19/07/2024	22/08/2023	26/08/2022	02/07/2021
General meeting	20/05/2026	21/05/2025	15/05/2024	17/05/2023	18/05/2022	19/05/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	20/05/2026	09/06/2026	French	PDF
Abridged model	31/12/2024	21/05/2025	23/07/2025	French	PDF
Abridged model	31/12/2023	15/05/2024	19/07/2024	French	PDF
Abridged model	31/12/2022	17/05/2023	22/08/2023	French	PDF
Abridged model	31/12/2021	18/05/2022	26/08/2022	French	PDF
Abridged model	31/12/2020	19/05/2021	02/07/2021	French	PDF
Abridged model	31/12/2019	20/05/2020	22/07/2020	French	PDF
Abridged model	31/12/2018	17/05/2019	29/07/2019	French	PDF
Micro model	31/12/2017	18/05/2018	16/08/2018	French	PDF
Abridged model	31/12/2016	19/05/2017	16/08/2017	French	PDF
Abridged model	31/12/2015	20/05/2016	16/08/2016	French	PDF
Abridged model	31/12/2014	15/05/2015	19/08/2015	French	PDF
Abridged model	31/12/2013	16/05/2014	18/08/2014	French	PDF
Abridged model	31/12/2012	17/05/2013	29/07/2013	French	PDF
Abridged model	31/12/2011	18/05/2012	09/07/2012	French	PDF
Abridged model	31/12/2010	20/05/2011	23/06/2011	French	PDF
Abridged model	31/12/2009	21/05/2010	22/06/2010	French	PDF
Abridged model	31/12/2008	15/05/2009	29/07/2009	French	PDF
Abridged model	31/12/2007	13/05/2008	19/05/2008	French	PDF
Abridged model	31/12/2006	08/05/2007	22/05/2007	French	PDF

Estimate

Indicative valuation

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 3 ended

Active mandates

ARLO

Managing director · since 17 mai 2023 · 0549.871.917

Represented by Arthur Lhoist

Active

SPORTS VENTURES

Managing director · since 17 mai 2023 · 0607.893.852

Active

Ended mandates

FABIENNE HOLTZEIMER

Mandate

Ended

FABIENNE HOLTZHEIMER

Mandate

Ended

LUC SCHEPERS

Mandate

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates24/07/2026
DEMISSIONS, NOMINATIONS
PDF
Mandates12/12/2025
DEMISSIONS, NOMINATIONS
PDF
Restructuring24/02/2025
SIEGE SOCIAL - CAPITAL, ACTIONS - RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Restructuring05/12/2024
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Restructuring26/08/2024
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Mandates06/03/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
PDF
Mandates16/06/2023
DEMISSIONS, NOMINATIONS
PDF
Capital / shares25/01/2018
CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 2025-204 k €↑
2024
Annual accounts 2024-390,3 k €↓
2023
Annual accounts 202333,3 k €↑
2022
Annual accounts 2022-189,5 k €↓
2021
Annual accounts 2021230 k €↑
2020
Annual accounts 2020162,1 k €↑
2019
Annual accounts 201993,3 k €↓
2018
Annual accounts 2018108,3 k €↑
2017
Annual accounts 201760,5 k €↑
2016
Annual accounts 201625,1 k €↓
2015
Annual accounts 201582,8 k €↑
2014
Annual accounts 201441,4 k €↓
2013
Annual accounts 201352,9 k €↑
2012
Annual accounts 201251,8 k €↑
2011
Annual accounts 20117,7 k €↓
2010
Annual accounts 201030,3 k €↑
2009
Annual accounts 2009-12,1 k €↑
2008
Annual accounts 2008-17 k €↓
2007
Annual accounts 200719,6 k €↓
2006
Annual accounts 200672,3 k €
10/08/1983
IncorporationPrivate limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

FALS

Overview

What does FALS do?

Trend over 20 financial years

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline