ACTIVE

NEW EUROPEAN TRADE

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Financial year 2024 · closed on 31/12/2024

Net result

434,1 k €

+99.1% YoY

Gross margin

1,5 M €

+31.4% YoY

Equity

2,5 M €

+20.5% YoY

What does NEW EUROPEAN TRADE do?

NEW EUROPEAN TRADE is a Public limited company incorporated in 1993. Its main activity is: Hotels and similar accommodation. Its registered office is in Saint-Gilles.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0449.891.344

Incorporation

30/03/1993

Legal form

Public limited company

Registered office

Boulevard Jamar 21
1060 Saint-Gilles · BruxellesSee on map

Contributed capital

1 650 000,00 €

Latest accounts

31/12/2024

Activities (NACE)

55100Hotels and similar accommodation· main 55100Hotels and similar accommodation 55102Hotels and similar accommodation 55209Holiday and other short-stay accommodation 55209Holiday and other short-stay accommodation

Joint committees (1)

Signals

ProfitablePositive cashflowPositive EBITDA

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	1,5 M €	+31.4%	1,2 M €	+31.6%	884,3 k €	+42.8%	619,5 k €	-1.6%	629,5 k €	-6.1%	670,1 k €	+2.5%	654 k €	-8.2%	712,5 k €	+33.9%	532,1 k €	+4.8%	507,7 k €	+18.8%	427,3 k €	-13.2%	492,1 k €	-19.6%	612,4 k €	+0.3%	610,7 k €	-13.4%	705,4 k €	+30.2%	542 k €	+22.9%	441,1 k €	-9.8%	488,8 k €	+21.9%	401,1 k €
EBITDA	1,1 M €	+59.3%	718,4 k €	+19.7%	600,4 k €	+38.4%	433,8 k €	+16.3%	372,9 k €	+78.6%	208,8 k €	-41.2%	355,3 k €	-14.7%	416,7 k €	+24.4%	335 k €	+10.7%	302,7 k €	+15.0%	263,3 k €	-24.1%	346,8 k €	-21.7%	442,7 k €	-5.0%	465,8 k €	+108%	224 k €	-45.8%	413,5 k €	+24.1%	333,2 k €	-18.8%	410,4 k €	+25.0%	328,4 k €
Operating result	951,3 k €	+86.5%	510,1 k €	+22.6%	416 k €	+84.0%	226,1 k €	+55.9%	145 k €	+514%	-35 k €	-138%	90,9 k €	-43.6%	161,2 k €	+60.2%	100,6 k €	-16.7%	120,7 k €	+37.1%	88 k €	-59.2%	215,9 k €	-23.4%	281,8 k €	-1.8%	286,9 k €	+218%	90,2 k €	-68.7%	288,4 k €	+46.3%	197,2 k €	-23.8%	258,7 k €	+47.4%	175,5 k €
Net result	434,1 k €	+99.1%	218 k €	-23.5%	285 k €	+97.8%	144,1 k €	+136%	61 k €	+132%	-191 k €	-243%	-55,6 k €	-1407%	4,3 k €	+109%	-45,7 k €	-183%	-16,1 k €	-464%	4,4 k €	-88.1%	37,1 k €	+40.6%	26,4 k €	-71.6%	92,9 k €	+169%	-135,2 k €	-327%	59,4 k €	+430%	11,2 k €	-73.3%	42 k €	+279%	-23,5 k €
Balance sheet
Equity	2,5 M €	+20.5%	2,1 M €	+11.5%	1,9 M €	+17.7%	1,6 M €	+9.8%	1,5 M €	+4.3%	1,4 M €	-12.0%	1,6 M €	-3.4%	1,7 M €	+0.3%	1,6 M €	-2.7%	1,7 M €	-0.9%	1,7 M €	+0.9%	1,7 M €	+2.2%	1,7 M €	+1.6%	1,6 M €	+809%	179,4 k €	-40.3%	300,6 k €	+122%	135,5 k €	+9.0%	124,3 k €	+51.0%	82,3 k €
Total assets	12,8 M €	+8.5%	11,8 M €	+190%	4,1 M €	+4.7%	3,9 M €	-3.1%	4 M €	-4.8%	4,2 M €	-3.6%	4,4 M €	-5.2%	4,6 M €	-2.3%	4,7 M €	+12.9%	4,2 M €	-1.9%	4,3 M €	+38.0%	3,1 M €	-17.8%	3,8 M €	-1.8%	3,8 M €	+3.4%	3,7 M €	-1.6%	3,8 M €	+39.3%	2,7 M €	-4.8%	2,8 M €	+26.8%	2,2 M €
Cash	133,7 k €	+161%	51,2 k €	-88.6%	447,2 k €	+499%	74,7 k €	+84.1%	40,6 k €	+22.2%	33,2 k €	-31.7%	48,6 k €	+6.4%	45,7 k €	-17.6%	55,4 k €	+775%	6,3 k €	-78.8%	29,8 k €	-67.6%	92,1 k €	-56.8%	213 k €	+615%	29,8 k €	-78.9%	141,4 k €	+6.4%	132,9 k €	+3403%	3,8 k €	-33.7%	5,7 k €	+10.5%	5,2 k €
Debts	10,2 M €	+5.9%	9,7 M €	+346%	2,2 M €	-4.6%	2,3 M €	-9.8%	2,5 M €	-9.9%	2,8 M €	+1.0%	2,8 M €	-6.1%	3 M €	-3.9%	3,1 M €	+23.5%	2,5 M €	-2.5%	2,6 M €	+83.3%	1,4 M €	-22.5%	1,8 M €	-5.7%	1,9 M €	-39.9%	3,2 M €	-8.3%	3,5 M €	+34.9%	2,6 M €	-5.4%	2,7 M €	+25.9%	2,2 M €
Other
Workforce	–		–		6,5 ETP	+3.2%	6,3 ETP		–		6,1 ETP		–		5,0 ETP	+19.0%	4,2 ETP	+16.7%	3,6 ETP	+80.0%	2,0 ETP	+17.6%	1,7 ETP	-50.0%	3,4 ETP	+70.0%	2,0 ETP	+5.3%	1,9 ETP	0.0%	1,9 ETP	0.0%	1,9 ETP	-9.5%	2,1 ETP	-4.5%	2,2 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2024 · 1 active · 5 ended

Active mandates

Karim NAYANI

Managing director

Active

Ended mandates

Karim NAYANI

Managing director · since 18 septembre 2017 · until 18 septembre 2023

Ended

Surriya Bhaidani

Director · since 18 septembre 2017 · until 18 septembre 2023

Ended

Karim NAYANI

Onbekend

Ended

Shahnaz Bhaidani

Director

Ended

At this address

Other companies at this address

Company	CBE no.
Club des Hommes d'Affaires tunisiens de Belgique et du Grand-Duché de Luxembourg● Active	0446.163.871
HOTEL DE FRANCE● Active	0756.648.203

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Micro model	Micro model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020	01/01/2019
Closing of the financial year	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020	31/12/2019
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	30/09/2025	17/10/2024	29/08/2023	29/08/2022	31/08/2021	29/10/2020
General meeting	15/05/2025	27/09/2024	15/05/2023	16/05/2022	14/05/2021	15/05/2020
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2024	15/05/2025	30/09/2025	French	PDF
Micro model	31/12/2023	27/09/2024	17/10/2024	French	PDF
Abridged model	31/12/2022	15/05/2023	29/08/2023	French	PDF
Abridged model	31/12/2021	16/05/2022	29/08/2022	French	PDF
Abridged model	31/12/2020	14/05/2021	31/08/2021	French	PDF
Abridged model	31/12/2019	15/05/2020	29/10/2020	French	PDF
Abridged model	31/12/2018	15/05/2019	19/08/2019	French	PDF
Abridged model	31/12/2017	15/05/2018	31/08/2018	French	PDF
Abridged model	31/12/2016	15/05/2017	22/08/2017	French	PDF
Abridged model	31/12/2015	17/05/2016	29/08/2016	French	PDF
Abridged model	31/12/2014	15/05/2015	25/09/2015	French	PDF
Abridged model	31/12/2013	15/05/2014	21/08/2014	French	PDF
Abridged model	31/12/2012	15/05/2013	12/12/2013	French	PDF
Abridged model	31/12/2011	15/05/2012	24/07/2012	French	PDF
Abridged model	31/12/2010	16/05/2011	26/10/2011	French	PDF
Abridged model	31/12/2009	17/05/2010	13/12/2010	French	PDF
Abridged model	31/12/2008	15/05/2009	16/09/2009	French	PDF
Abridged model	31/12/2007	15/05/2008	03/11/2008	French	PDF
Abridged model	31/12/2006	14/05/2007	28/12/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

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 31/12/2024 · 1 active · 5 ended

Active mandates

Karim NAYANI

Managing director

Active

Ended mandates

Karim NAYANI

Managing director · since 18 septembre 2017 · until 18 septembre 2023

Ended

Surriya Bhaidani

Director · since 18 septembre 2017 · until 18 septembre 2023

Ended

Karim NAYANI

Onbekend

Ended

Shahnaz Bhaidani

Director

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates14/04/2026
DEMISSIONS, NOMINATIONS
PDF
Mandates13/10/2017
DEMISSIONS, NOMINATIONS
PDF
Capital / shares08/11/2011
CAPITAL, ACTIONS
PDF
Mandates22/06/2011
DEMISSIONS, NOMINATIONS
PDF
Mandates09/01/2006
DEMISSIONS, NOMINATIONS
PDF
Capital / shares27/10/2003
CAPITAL, ACTIONS - ASSEMBLEE GENERALE - 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

2024
Annual accounts 2024434,1 k €↑
2023
Annual accounts 2023218 k €↓
2022
Annual accounts 2022285 k €↑
2021
Annual accounts 2021144,1 k €↑
2020
Annual accounts 202061 k €↑
2019
Annual accounts 2019-191 k €↓
2018
Annual accounts 2018-55,6 k €↓
2017
Annual accounts 20174,3 k €↑
2016
Annual accounts 2016-45,7 k €↓
2015
Annual accounts 2015-16,1 k €↓
2014
Annual accounts 20144,4 k €↓
2013
Annual accounts 201337,1 k €↑
2012
Annual accounts 201226,4 k €↓
2011
Annual accounts 201192,9 k €↑
2010
Annual accounts 2010-135,2 k €↓
2009
Annual accounts 200959,4 k €↑
2008
Annual accounts 200811,2 k €↓
2007
Annual accounts 200742 k €↑
2006
Annual accounts 2006-23,5 k €
30/03/1993
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

NEW EUROPEAN TRADE

Overview

What does NEW EUROPEAN TRADE 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