ACTIVE

THON BELGIUM

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Financial year 2025 · Closed on 31/12/2025

Net result4,6 M €-27,9 %over 1 year
Revenue24,5 M €+1,5 %over 1 year
Equity79,4 M €-1,7 %over 1 year
Workforce82,2 ETP-3,7 %over 1 year

Identity

Source · BCE/KBO

THON BELGIUM is a Public limited company incorporated in 1988. Its main activity is: Hotels and similar accommodation. Its registered office is in Bruxelles. It employs on average 82,2 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0434.223.765
Incorporation
04/05/1988
Legal form
Public limited company
Registered office
Rue du Luxembourg 23
1000 Bruxelles · BruxellesSee on map
Contributed capital
66 729 330,00 €
Latest accounts
31/12/2025
Average workforce
82,2 ETP
Joint committees (1)
  • 302
Signals
ProfitableSolid equityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 20 filings

Trend over 11 financial years

20252024202320222020
Income statement
Revenue24,5 M €24,1 M €24 M €18,2 M €6,9 M €
EBITDA9,5 M €9,9 M €10,1 M €8,1 M €1,5 M €
Operating result6,2 M €6,4 M €6,9 M €4,8 M €-2,2 M €
Net result4,6 M €6,4 M €6,2 M €4,6 M €-1,5 M €
Balance sheet
Equity79,4 M €80,8 M €133,6 M €127,4 M €125,9 M €
Total assets88,4 M €83,7 M €136,4 M €129,9 M €128 M €
Cash3,8 M €4,6 M €4,4 M €5,8 M €3,1 M €
Debts9 M €2,9 M €2,8 M €2,4 M €2 M €
Other
Workforce82,2 ETP85,4 ETP83,8 ETP72,4 ETP72,7 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 50 M€ and 100 M€
See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

5 active · 15 ended

Active mandates

Annette Hofgaard

Director · since 01 juin 2024 · until 22 juin 2030

Active
Ida Fredriksen

Director · since 01 juin 2024 · until 22 juin 2030

Active
Arne BLIKSTAD SPERRE

Director · since 30 septembre 2019 · until 20 juin 2031

Active
Morten THORVALDSEN

Director · since 30 septembre 2019 · until 20 juin 2031

Active
Nils HAUGE

Director · since 30 septembre 2019 · until 20 juin 2031

Active

Ended mandates

Arne BLIKSTAD SPERRE

Director · since 30 septembre 2019 · until 20 juin 2025

Ended
Arne BLIKSTAD SPERRE

Director · since 30 septembre 2019 · until 27 juin 2025

Ended
Morten THORVALDSEN

Director · since 30 septembre 2019 · until 20 juin 2025

Ended
Morten THORVALDSEN

Director · since 30 septembre 2019 · until 27 juin 2025

Ended

Other companies at this address

Rue du Luxembourg 23 1000 Bruxelles
CompanyCBE no.
1-TECH● Active
0456.682.433
ASSOCIATION DES COPROPRIETAIRES "Luxembourg 23" à Bruxelles, rue du Luxembourg 23● Active
0819.386.318
CHEFFI DENTAL CONCEPT● Active
1031.352.894
HOTEL BRISTOL STEPHANIE● Active
0413.270.379
ONCALL EUROPA LANGUAGE SERVICES● Liquidation
0521.971.648
Thon Group● Active
0568.540.358
THON STANHOPE HOTEL● Active
0456.740.336

Full financial information

Source · NBB
202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date23/06/202625/06/202524/06/202407/07/202327/06/202225/06/2021
General meeting19/06/202620/06/202521/06/202423/06/202324/06/202225/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings
ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202519/06/202623/06/2026FrenchPDF
Full model31/12/202420/06/202525/06/2025FrenchPDF
Full model31/12/202321/06/202424/06/2024FrenchPDF
Full model31/12/202223/06/202307/07/2023FrenchPDF
Full model31/12/202124/06/202227/06/2022FrenchPDF
Full model31/12/202025/06/202125/06/2021FrenchPDF
Full model31/12/201926/06/202029/06/2020FrenchPDF
Full model31/12/201828/06/201901/07/2019FrenchPDF
Full model31/12/201729/06/201828/08/2018FrenchPDF
Full model31/12/201630/06/201710/07/2017FrenchPDF
Full model31/12/201530/06/201605/07/2016FrenchPDF
Full model31/12/201426/06/201524/07/2015FrenchPDF
Full model31/12/201308/07/201418/09/2014FrenchPDF
Full model31/12/201228/06/201330/08/2013FrenchPDF
Full model31/12/201109/05/201218/05/2012FrenchPDF
Full model31/12/201010/06/201122/06/2011FrenchPDF
Full model31/12/200928/06/201028/06/2010FrenchPDF
Full model31/12/200813/05/200908/06/2009FrenchPDF
Full model31/12/200727/06/200830/07/2008FrenchPDF
Full model31/12/200609/05/200718/06/2007FrenchPDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 50 M€ and 100 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.

Board of directors

Source · NBB, accounts to 31/12/2025

5 active · 15 ended

Active mandates

Annette Hofgaard

Director · since 01 juin 2024 · until 22 juin 2030

Active
Ida Fredriksen

Director · since 01 juin 2024 · until 22 juin 2030

Active
Arne BLIKSTAD SPERRE

Director · since 30 septembre 2019 · until 20 juin 2031

Active
Morten THORVALDSEN

Director · since 30 septembre 2019 · until 20 juin 2031

Active
Nils HAUGE

Director · since 30 septembre 2019 · until 20 juin 2031

Active

Ended mandates

Arne BLIKSTAD SPERRE

Director · since 30 septembre 2019 · until 20 juin 2025

Ended
Arne BLIKSTAD SPERRE

Director · since 30 septembre 2019 · until 27 juin 2025

Ended
Morten THORVALDSEN

Director · since 30 septembre 2019 · until 20 juin 2025

Ended
Morten THORVALDSEN

Director · since 30 septembre 2019 · until 27 juin 2025

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette
  • Mandates13/03/2026
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates10/07/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Other26/11/2024
    DIVERS
    PDF
  • Mandates02/07/2024
    DEMISSIONS, NOMINATIONS
    PDF
  • Other15/01/2024
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - ASSEMBLEE GENERALE
    PDF
  • Mandates18/07/2022
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates27/02/2020
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates12/12/2019
    DEMISSIONS, NOMINATIONS
    PDF

Similar companies

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

See the Business plan

Timeline

  1. 01/01/2026
    nominationHAUGE Nils — Director of Asset Management and Development
  2. 2025
    Annual accounts 20254,6 M €↓
  3. 20/06/2025
    reconductionBDO Réviseurs d'Entreprises SRL — commissaire
  4. 01/06/2025
    reconductionMorten Thorvaldsen — administrateur
  5. 01/06/2025
    reconductionArne Blikstad Sperre — administrateur
  6. 01/06/2025
    reconductionNils Hauge — administrateur
  7. 2024
    Annual accounts 20246,4 M €↑
  8. 01/06/2024
    nominationArne Blikstad Sperre — président du conseil d'administration
  9. 01/06/2024
    nominationIda Rad Fredriksen — administrateur
  10. 01/06/2024
    nominationAnnette Hofgaard — administrateur
  11. 2023
    Annual accounts 20236,2 M €↑
  12. 2022
    Annual accounts 20224,6 M €↑
  13. 24/06/2022
    reconductionBDO Réviseurs d'Entreprises SRL — commissaire
  14. 2020
    Annual accounts 2020-1,5 M €↑
  15. 2011
    Annual accounts 2011-3,5 M €↓
  16. 2010
    Annual accounts 2010-2,1 M €↑
  17. 2009
    Annual accounts 2009-7,2 M €↓
  18. 2008
    Annual accounts 2008-1,5 M €↓
  19. 2007
    Annual accounts 2007-940,7 k €↑
  20. 2006
    Annual accounts 2006-1 M €
  21. 04/05/1988
    IncorporationPublic limited company