ACTIVE

INVESTISSEMENTS HOTELIERS LIEGEOIS

Financial year 2025 · Closed on 31/12/2025

Net result98,3 k €-43,0 %over 1 year

Gross margin989,3 k €-9,0 %over 1 year

Equity642,8 k €+1,3 %over 1 year

Identity

Source · BCE/KBO

INVESTISSEMENTS HOTELIERS LIEGEOIS is a Public limited company incorporated in 1990. Its main activity is: Hotels and similar accommodation. Its registered office is in Liège.

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0440.809.075
Incorporation: 03/05/1990
Legal form: Public limited company
Registered office: Rue Jean-Baptiste-Juppin 17
4000 Liège · WallonieSee on map
Contributed capital: 447 893,52 €
Latest accounts: 31/12/2025

Activities (NACE)

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

Joint committees (1)

Signals

ProfitableSolid equityLow riskPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 20 filings

Trend over 20 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	989,3 k €	-9.0%	1,1 M €	+2.6%	1,1 M €	+50.3%	704,8 k €	+1.0%	698 k €
EBITDA	207,1 k €	-35.1%	319,3 k €	+11.9%	285,3 k €	+45.7%	195,8 k €	-44.3%	351,7 k €
Operating result	124 k €	-48.7%	241,7 k €	+17.8%	205,1 k €	+101%	102,2 k €	-55.5%	229,7 k €
Net result	98,3 k €	-43.0%	172,4 k €	+19.4%	144,3 k €	+104%	70,9 k €	-58.8%	172 k €
Balance sheet
Equity	642,8 k €	+1.3%	634,4 k €	+3.7%	612,1 k €	+4.1%	587,7 k €	-3.7%	610,1 k €
Total assets	1,1 M €	+4.7%	1,1 M €	+1.6%	1,1 M €	+8.5%	990,9 k €	-5.9%	1,1 M €
Cash	84,2 k €	-67.4%	258,4 k €	+15.5%	223,8 k €	+40.8%	159 k €	+639%	21,5 k €
Debts	497,6 k €	+10.4%	450,5 k €	-1.2%	456,2 k €	+15.0%	396,8 k €	-5.0%	417,8 k €
Other
Workforce	–		15,5 ETP	-0.6%	15,6 ETP	+32.2%	11,8 ETP	+6.3%	11,1 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 6 ended

Active mandates

Director	Mandates in this company	Period
ALGO GESTION SARLRepresented by Laure GUALINO	Director11/09/2007 → 10/09/2025
SHEP SARepresented by Jean-Philippe RENOUX	Director11/09/2013 → 10/09/2025
Karl de Mandat Grancey	Managing director16/05/2007 → 14/05/2025

Ended mandates

Director	Mandates in this company	Period
SHEPRepresented by HELENE RENOUX	Director11/09/2007 → 2015 accounts
Baudouin de MERODE	Director14/05/2003 → 2006 accounts
Alain de BORCHGRAVE d'ALTENA	Director09/05/2003 → 2006 accounts

Other companies at this address

Rue Jean-Baptiste-Juppin 17 4000 Liège

Company	CBE no.
COMADALIE● Active	0750.969.149
HOTBEL● Active	1018.856.227

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Micro 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	12/08/2024	12/06/2023	25/05/2022	16/06/2021
General meeting	12/05/2026	13/05/2025	14/05/2024	09/05/2023	10/05/2022	11/05/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 20 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	12/05/2026	29/06/2026	French	PDF
Abridged model	31/12/2024	13/05/2025	30/06/2025	French	PDF
Abridged model	31/12/2023	14/05/2024	12/08/2024	French	PDF
Abridged model	31/12/2022	09/05/2023	12/06/2023	French	PDF
Abridged model	31/12/2021	10/05/2022	25/05/2022	French	PDF
Micro model	31/12/2020	11/05/2021	16/06/2021	French	PDF
Abridged model	31/12/2019	12/05/2020	16/07/2020	French	PDF
Abridged model	31/12/2018	14/05/2019	17/06/2019	French	PDF
Micro model	31/12/2017	08/05/2018	31/07/2018	French	PDF
Abridged model	31/12/2016	09/05/2017	06/06/2017	French	PDF
Abridged model	31/12/2015	27/06/2016	15/07/2016	French	PDF
Abridged model	31/12/2014	26/05/2015	20/07/2015	French	PDF
Abridged model	31/12/2013	13/05/2014	30/09/2014	French	PDF
Abridged model	31/12/2012	16/08/2013	24/09/2013	French	PDF
Abridged model	31/12/2011	08/05/2012	20/08/2012	French	PDF
Abridged model	31/12/2010	10/05/2011	19/05/2011	French	PDF
Abridged model	31/12/2009	11/05/2010	08/06/2010	French	PDF
Abridged model	31/12/2008	12/05/2009	15/05/2009	French	PDF
Abridged model	31/12/2007	13/05/2008	29/05/2008	French	PDF
Abridged model	31/12/2006	08/05/2007	29/05/2007	French	PDF

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.

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 6 ended

Active mandates

Director	Mandates in this company	Period
ALGO GESTION SARLRepresented by Laure GUALINO	Director11/09/2007 → 10/09/2025
SHEP SARepresented by Jean-Philippe RENOUX	Director11/09/2013 → 10/09/2025
Karl de Mandat Grancey	Managing director16/05/2007 → 14/05/2025

Ended mandates

Director	Mandates in this company	Period
SHEPRepresented by HELENE RENOUX	Director11/09/2007 → 2015 accounts
Baudouin de MERODE	Director14/05/2003 → 2006 accounts
Alain de BORCHGRAVE d'ALTENA	Director09/05/2003 → 2006 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates25/09/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates08/07/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates31/07/2015
DEMISSIONS, NOMINATIONS
PDF
Mandates15/07/2015
DEMISSIONS, NOMINATIONS
PDF
Capital / shares17/12/2010
CAPITAL, ACTIONS - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Registered office21/12/2009
SIEGE SOCIAL
PDF
Mandates04/06/2008
DEMISSIONS, NOMINATIONS
PDF
Mandates09/10/2007
DEMISSIONS, NOMINATIONS
PDF

Similar companies

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

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings20 filings

Mandates

ALGO GESTION SARL

SHEP SA

Karl de Mandat Grancey

SHEP

Baudouin de MERODE

EQUIFUND

URSELIA

Vincent BERGHMANS

Alain de BORCHGRAVE d'ALTENA

1990199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026

INVESTISSEMENT HOTELIERS LIEGEOISINVESTISSEMENTS HOTELIERS LIEGEOIS

Rue Jean-Baptiste-Juppin 17, 4000 Liège

Director

Managing director

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Rue Jean-Baptiste-Juppin 17, 4000 LiègeCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00236271

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
INVESTISSEMENTS HOTELIERS LIEGEOISCurrent		CBE
INVESTISSEMENT HOTELIERS LIEGEOIS	accounts 2021 → 2025	Accounts 2025 · 2026-00236271
INVESTISSEMENTS HOTELIERS LIEGEOIS	accounts 2006 → 2020	Accounts 2020 · 2021-20100297

Events

2025
Annual accounts 202598,3 k €↓
2024
Annual accounts 2024172,4 k €↑
2023
Annual accounts 2023144,3 k €↑
2022
Annual accounts 202270,9 k €↓
2021
Annual accounts 2021172 k €↑
2021
Name changeINVESTISSEMENT HOTELIERS LIEGEOIS
2020
Annual accounts 2020-30,8 k €↓
2019
Annual accounts 2019145,9 k €↑
2018
Annual accounts 2018141,5 k €↑
2017
Annual accounts 2017140,8 k €↑
2016
Annual accounts 2016113,3 k €↑
2015
Annual accounts 201574,4 k €↑
2014
Annual accounts 2014-122,9 k €↓
2013
Annual accounts 2013-27,7 k €↓
2012
Annual accounts 2012-26,4 k €↓
2011
Annual accounts 2011105,3 k €↓
2010
Annual accounts 2010163,6 k €↑
2009
Annual accounts 20093 k €↓
2008
Annual accounts 200871,8 k €↑
2007
Annual accounts 2007-97,6 k €↓
2006
Annual accounts 2006-902 €
03/05/1990
IncorporationPublic limited company

INVESTISSEMENTS HOTELIERS LIEGEOIS

Overview

Identity

Financials

Valuation

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

Timeline

Registered offices

Company names

Events