ACTIVE

Nelson

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Financial year 2025 · closed on 31/12/2025

Net result

78 k €

+57.9% YoY

Gross margin

1,4 M €

+1.4% YoY

Equity

1,2 M €

+4.2% YoY

Workforce

17,7 ETP

+8.6% YoY

What does Nelson do?

Nelson is a Public limited company incorporated in 1985. Its main activity is: Hotels and similar accommodation. Its registered office is in Knokke-Heist. It employs on average 17,7 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0427.611.929

Incorporation

15/07/1985

Legal form

Public limited company

Registered office

Meerminlaan 36
8300 Knokke-Heist · FlandreSee on map

Contributed capital

346 556,34 €

Latest accounts

31/12/2025

Average workforce

17,7 ETP

Activities (NACE)

55100Hotels and similar accommodation· main 55100Hotels and similar accommodation 55101Hotels and similar accommodation

Joint committees (1)

Signals

ProfitableSolid equityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	1,4 M €	+1.4%	1,4 M €	+1.2%	1,4 M €	+6.5%	1,3 M €	+1.2%	1,3 M €	+10.7%	1,2 M €	-34.9%	1,8 M €	+3.4%	1,7 M €	+6.7%	1,6 M €	+9.1%	1,5 M €	+14.2%	1,3 M €	+9.5%	1,2 M €	+4.3%	1,1 M €	-9.9%	1,3 M €	+18.9%	1,1 M €	+5.1%	1 M €	+4.9%	967 k €	-1.1%	977,7 k €	+8.3%	902,8 k €
EBITDA	589 k €	+3.3%	570,3 k €	+13.3%	503,5 k €	-5.0%	530,1 k €	-11.1%	596,6 k €	+24.8%	478 k €	-24.2%	630,8 k €	+6.7%	591,1 k €	-3.3%	611,6 k €	+16.8%	523,5 k €	+9.2%	479,5 k €	+12.5%	426,1 k €	+8.8%	391,6 k €	-21.5%	498,7 k €	+53.2%	325,6 k €	+8.7%	299,5 k €	-7.6%	324,2 k €	-10.6%	362,5 k €	-5.5%	383,6 k €
Operating result	217,5 k €	+6.3%	204,6 k €	+8.5%	188,5 k €	-5.4%	199,2 k €	-28.2%	277,3 k €	+304%	68,7 k €	-70.0%	228,6 k €	+6.6%	214,5 k €	-15.3%	253,3 k €	+10.0%	230,2 k €	-9.3%	253,9 k €	+11.4%	227,9 k €	+15.1%	198 k €	-35.2%	305,5 k €	+328%	71,3 k €	-40.4%	119,7 k €	-18.6%	147,1 k €	-20.6%	185,2 k €	+28.2%	144,5 k €
Net result	78 k €	+57.9%	49,4 k €	-4.7%	51,8 k €	-46.0%	95,9 k €	-44.3%	172,2 k €	+2289%	-7,9 k €	-106%	134,8 k €	+11.9%	120,5 k €	-18.0%	146,9 k €	+6.0%	138,6 k €	+41.0%	98,3 k €	-12.0%	111,7 k €	-14.8%	131,1 k €	-20.6%	165 k €	+265%	45,2 k €	-23.4%	59 k €	-26.7%	80,4 k €	-20.8%	101,5 k €	+5.3%	96,4 k €
Balance sheet
Equity	1,2 M €	+4.2%	1,1 M €	-7.0%	1,2 M €	-5.3%	1,3 M €	+3.9%	1,2 M €	+16.1%	1,1 M €	-0.7%	1,1 M €	+14.2%	946,1 k €	+14.6%	825,7 k €	+6.0%	778,8 k €	-36.5%	1,2 M €	+8.7%	1,1 M €	-38.1%	1,8 M €	+7.8%	1,7 M €	-14.0%	2 M €	+2.4%	1,9 M €	+3.2%	1,9 M €	+4.5%	1,8 M €	+6.0%	1,7 M €
Total assets	3,9 M €	+0.7%	3,9 M €	-13.4%	4,5 M €	+8.2%	4,2 M €	+7.2%	3,9 M €	+2.9%	3,8 M €	-0.5%	3,8 M €	+8.6%	3,5 M €	+15.1%	3 M €	+3.8%	2,9 M €	-7.5%	3,2 M €	+1.4%	3,1 M €	-3.7%	3,2 M €	+1.5%	3,2 M €	-3.6%	3,3 M €	+23.6%	2,7 M €	-0.1%	2,7 M €	+1.1%	2,6 M €	+3.8%	2,6 M €
Cash	353,6 k €	+3.7%	341 k €	-57.9%	810,1 k €	+7.1%	756,4 k €	+28.6%	588,2 k €	+42.8%	412 k €	+4.5%	394,2 k €	+89.4%	208,2 k €	-53.7%	449,9 k €	-0.4%	451,8 k €	+162%	172,3 k €	-28.8%	241,8 k €	-25.1%	322,7 k €	+29.7%	248,8 k €	-3.5%	257,9 k €	+31.6%	196 k €	+48.1%	132,4 k €	+282%	34,6 k €	-77.9%	156,6 k €
Debts	2,7 M €	-0.3%	2,7 M €	-16.2%	3,3 M €	+14.4%	2,9 M €	+8.7%	2,6 M €	-2.4%	2,7 M €	-0.4%	2,7 M €	+6.5%	2,5 M €	+15.2%	2,2 M €	+5.2%	2,1 M €	+12.0%	1,9 M €	-5.8%	2 M €	+40.9%	1,4 M €	-4.7%	1,5 M €	+10.1%	1,3 M €	+77.6%	756,2 k €	-7.4%	816,8 k €	-5.9%	867,8 k €	-0.5%	872,3 k €
Other
Workforce	17,7 ETP	+8.6%	16,3 ETP	-5.2%	17,2 ETP	-13.6%	19,9 ETP	+4.2%	19,1 ETP	-10.7%	21,4 ETP	-20.4%	26,9 ETP	-1.1%	27,2 ETP	+22.5%	22,2 ETP	-2.6%	22,8 ETP	+4.1%	21,9 ETP	+2.3%	21,4 ETP	-7.4%	23,1 ETP	-1.3%	23,4 ETP	-0.4%	23,5 ETP	+1.3%	23,2 ETP	-2.1%	23,7 ETP	-9.2%	26,1 ETP	+19.7%	21,8 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 21 ended

Active mandates

FREGOE

Managing director · since 19 juin 2020 · until 19 juin 2026 · 0641.882.850

Represented by Frederik Goethals

Active

GeVe

Managing director · since 19 juin 2020 · until 19 juin 2026 · 0641.883.543

Represented by John Verwee

Active

MARTINVEST

Managing director · since 19 juin 2020 · until 19 juin 2026 · 0429.446.021

Represented by Isabelle Goethals

Active

Ended mandates

FREGOE

Managing director · since 22 octobre 2015 · until 22 octobre 2021 · 0641.882.850

Represented by Frederik Goethals

Ended

FREGOE

Managing director · since 22 octobre 2015 · until 22 octobre 2021 · 0641.882.850

Represented by Frederik Goethals

Ended

GeVe

Managing director · since 22 octobre 2015 · until 22 octobre 2021 · 0641.883.543

Represented by John Verwee

Ended

GeVe

Managing director · since 22 octobre 2015 · until 22 octobre 2021 · 0641.883.543

Represented by John Verwee

Ended

At this address

Other companies at this address

Company	CBE no.
MARTINVEST● Active	0429.446.021

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	29/06/2026	30/06/2025	21/06/2024	23/06/2023	22/06/2022	12/07/2021
General meeting	19/06/2026	20/06/2025	21/06/2024	16/06/2023	17/06/2022	18/06/2021
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	19/06/2026	29/06/2026	Dutch	PDF
Abridged model	31/12/2024	20/06/2025	30/06/2025	Dutch	PDF
Abridged model	31/12/2023	21/06/2024	21/06/2024	Dutch	PDF
Abridged model	31/12/2022	16/06/2023	23/06/2023	Dutch	PDF
Abridged model	31/12/2021	17/06/2022	22/06/2022	Dutch	PDF
Abridged model	31/12/2020	18/06/2021	12/07/2021	Dutch	PDF
Abridged model	31/12/2019	19/06/2020	24/07/2020	Dutch	PDF
Abridged model	31/12/2018	21/06/2019	30/08/2019	Dutch	PDF
Abridged model	31/12/2017	15/06/2018	31/08/2018	Dutch	PDF
Abridged model	31/12/2016	16/06/2017	04/07/2017	Dutch	PDF
Abridged model	31/12/2015	17/06/2016	19/07/2016	Dutch	PDF
Abridged model	31/12/2014	19/06/2015	30/06/2015	Dutch	PDF
Abridged model	31/12/2013	20/06/2014	22/07/2014	Dutch	PDF
Abridged model	31/12/2012	21/06/2013	16/07/2013	Dutch	PDF
Abridged model	31/12/2011	15/06/2012	31/08/2012	Dutch	PDF
Abridged model	31/12/2010	17/06/2011	31/08/2011	Dutch	PDF
Abridged model	31/12/2009	18/06/2010	31/08/2010	Dutch	PDF
Abridged model	31/12/2008	19/06/2009	28/08/2009	Dutch	PDF
Abridged model	31/12/2007	20/06/2008	08/09/2008	Dutch	PDF
Abridged model	31/12/2006	15/06/2007	30/08/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 M€

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 · 3 active · 21 ended

Active mandates

FREGOE

Managing director · since 19 juin 2020 · until 19 juin 2026 · 0641.882.850

Represented by Frederik Goethals

Active

GeVe

Managing director · since 19 juin 2020 · until 19 juin 2026 · 0641.883.543

Represented by John Verwee

Active

MARTINVEST

Managing director · since 19 juin 2020 · until 19 juin 2026 · 0429.446.021

Represented by Isabelle Goethals

Active

Ended mandates

FREGOE

Managing director · since 22 octobre 2015 · until 22 octobre 2021 · 0641.882.850

Represented by Frederik Goethals

Ended

FREGOE

Managing director · since 22 octobre 2015 · until 22 octobre 2021 · 0641.882.850

Represented by Frederik Goethals

Ended

GeVe

Managing director · since 22 octobre 2015 · until 22 octobre 2021 · 0641.883.543

Represented by John Verwee

Ended

GeVe

Managing director · since 22 octobre 2015 · until 22 octobre 2021 · 0641.883.543

Represented by John Verwee

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates17/07/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates10/08/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates14/12/2015
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring10/11/2015
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring31/08/2015
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates06/08/2015
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares30/12/2013
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates01/08/2013
ONTSLAGEN - BENOEMINGEN
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 202578 k €↑
2024
Annual accounts 202449,4 k €↓
2023
Annual accounts 202351,8 k €↓
2022
Annual accounts 202295,9 k €↓
2021
Annual accounts 2021172,2 k €↑
2020
Annual accounts 2020-7,9 k €↓
2019
Annual accounts 2019134,8 k €↑
2018
Annual accounts 2018120,5 k €↓
2017
Annual accounts 2017146,9 k €↑
2016
Annual accounts 2016138,6 k €↑
2014
Annual accounts 201498,3 k €↓
2013
Annual accounts 2013111,7 k €↓
2012
Annual accounts 2012131,1 k €↓
2011
Annual accounts 2011165 k €↑
2010
Annual accounts 201045,2 k €↓
2009
Annual accounts 200959 k €↓
2008
Annual accounts 200880,4 k €↓
2007
Annual accounts 2007101,5 k €↑
2006
Annual accounts 200696,4 k €
15/07/1985
IncorporationPublic 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

Nelson

Overview

What does Nelson do?

Trend over 19 financial years

Indicative valuation

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