ACTIVE

FETNAT

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Financial year 2024 · closed on 31/12/2024

Net result

154,4 k €

+49.9% YoY

Gross margin

1,4 M €

+22.2% YoY

Equity

830,8 k €

+22.8% YoY

Workforce

10,5 ETP

What does FETNAT do?

FETNAT is a Public limited company incorporated in 1993. Its main activity is: Hotels and similar accommodation. Its registered office is in Bruxelles. It employs on average 10,5 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0450.505.612

Incorporation

29/06/1993

Legal form

Public limited company

Registered office

Rue du Marché aux Poulets 32
1000 Bruxelles · BruxellesSee on map

Contributed capital

353 249,68 €

Latest accounts

31/12/2024

Average workforce

10,5 ETP

Activities (NACE)

55100Hotels and similar accommodation· main 55100Hotels and similar accommodation 55102Hotels and similar accommodation

Joint committees (2)

302
3020

Signals

ProfitablePositive 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

	2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	1,4 M €	+22.2%	1,2 M €	+62.5%	717,5 k €	+193%	245,2 k €	-5.8%	260,4 k €	-77.2%	1,1 M €	+59.6%	714,4 k €	+7.7%	663,5 k €	+1.5%	653,3 k €	-39.8%	1,1 M €	+18.2%	917,8 k €	+25.4%	731,8 k €	-6.3%	780,9 k €	+2.1%	764,8 k €	+1.5%	753,2 k €	+26.7%	594,3 k €	-14.1%	691,9 k €	+7.7%	642,2 k €	-2.4%	658,3 k €
EBITDA	708 k €	+74.2%	406,4 k €	+80.6%	225,1 k €	+27698%	-815,5 €	+83.0%	-4,8 k €	-101%	683,4 k €	+162%	260,7 k €	+16.5%	223,7 k €	-54.1%	487,8 k €	-19.5%	605,7 k €	+264%	166,5 k €	-12.9%	191,1 k €	+106%	92,8 k €	+16.4%	79,7 k €	-13.7%	92,4 k €	+4734%	-2 k €	-102%	92,7 k €	+27.9%	72,5 k €	-33.3%	108,6 k €
Operating result	218,8 k €	+1.7%	215,1 k €	+237%	63,8 k €	+167%	-95,3 k €	+76.1%	-398,6 k €	-172%	552,7 k €	+297%	139,4 k €	+76.5%	79 k €	-76.9%	341,8 k €	-28.1%	475,2 k €	+998%	43,3 k €	-53.9%	93,8 k €	+69.8%	55,2 k €	-3.4%	57,2 k €	+1.4%	56,4 k €	+245%	-38,8 k €	-183%	46,5 k €	+55.7%	29,9 k €	-38.7%	48,7 k €
Net result	154,4 k €	+49.9%	103 k €	+24.3%	82,9 k €	+210%	-75,4 k €	+80.2%	-381,5 k €	-167%	573,3 k €	+593%	82,7 k €	+99.6%	41,5 k €	-81.9%	229,6 k €	-44.5%	413,9 k €	+801%	46 k €	-32.4%	68 k €	+86.4%	36,5 k €	-32.6%	54,1 k €	+34.6%	40,2 k €	+193%	-43,3 k €	-201%	43 k €	+132%	18,6 k €	-43.5%	32,9 k €
Balance sheet
Equity	830,8 k €	+22.8%	676,4 k €	+17.6%	575,1 k €	+16.4%	493,9 k €	-13.5%	571,1 k €	-40.2%	954,4 k €	+149%	382,8 k €	+26.8%	301,9 k €	+15.1%	262,2 k €	+11.9%	234,3 k €	+5.5%	222,2 k €	+38.6%	160,4 k €	+73.6%	92,4 k €	+65.2%	55,9 k €	+3046%	1,8 k €	+105%	-38,5 k €	-890%	4,9 k €	+113%	-38,2 k €	+32.7%	-56,7 k €
Total assets	5,2 M €	+22.8%	4,2 M €	+36.1%	3,1 M €	+15.1%	2,7 M €	-22.7%	3,5 M €	+30.5%	2,7 M €	+2.1%	2,6 M €	+13.2%	2,3 M €	+7.2%	2,1 M €	-4.3%	2,2 M €	+52.7%	1,5 M €	+33.8%	1,1 M €	+117%	506,9 k €	+33.6%	379,5 k €	+45.9%	260,2 k €	-10.6%	290,9 k €	-20.3%	365,1 k €	+20.8%	302,3 k €	+10.1%	274,6 k €
Cash	197,9 k €	-42.7%	345,6 k €	-29.1%	487,6 k €	+5.6%	461,9 k €	-49.1%	908 k €	+592%	131,2 k €	-58.3%	314,8 k €	+148%	127 k €	-42.1%	219,4 k €	-39.9%	365,1 k €	+95.9%	186,4 k €	+219%	58,5 k €	+1.6%	57,6 k €	-63.0%	155,4 k €	+203%	51,3 k €	-20.2%	64,2 k €	-25.3%	86 k €	+38.8%	61,9 k €	-22.2%	79,6 k €
Debts	4,3 M €	+22.9%	3,5 M €	+39.8%	2,5 M €	+14.4%	2,2 M €	-5.9%	2,3 M €	+49.4%	1,6 M €	-24.9%	2,1 M €	+12.2%	1,8 M €	+6.6%	1,7 M €	-1.4%	1,8 M €	+76.4%	996,3 k €	+11.9%	890,7 k €	+115%	414,5 k €	+28.1%	323,6 k €	+25.2%	258,4 k €	-21.5%	329,4 k €	-8.6%	360,2 k €	+5.8%	340,4 k €	+2.7%	331,3 k €
Other
Workforce	10,5 ETP		–		10,3 ETP	+8.4%	9,5 ETP	-3.1%	9,8 ETP	+6.5%	9,2 ETP	-5.2%	9,7 ETP	+9.0%	8,9 ETP	0.0%	8,9 ETP	-2.2%	9,1 ETP	+4.6%	8,7 ETP	-29.3%	12,3 ETP	+9.8%	11,2 ETP	-2.6%	11,5 ETP	-5.7%	12,2 ETP	+0.8%	12,1 ETP	-1.6%	12,3 ETP	-17.4%	14,9 ETP	+11.2%	13,4 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2024 · 3 active · 19 ended

Active mandates

Carine BARMOSHE

Managing director · since 29 septembre 2023 · until 30 septembre 2029

Active

Mehdi BENZINE

Managing director · since 29 septembre 2023 · until 30 septembre 2029

Active

Michaël BARMOSHE

Director · since 29 septembre 2023 · until 30 septembre 2029

Active

Ended mandates

BMH

Director · since 28 septembre 2017 · until 28 septembre 2023 · 0838.541.244

Represented by MICHAEL BARMOSHE

Ended

BMH

Director · since 28 septembre 2011 · 0838.541.244

Represented by MICHAEL BARMOSHE

Ended

BMH

Director · since 28 septembre 2011 · 0838.541.244

Represented by MICHAEL BARMOSHE

Ended

BMH

Director · since 28 septembre 2011 · 0838.541.244

Represented by MICHAEL BARMOSHE

Ended

At this address

Other companies at this address

Company	CBE no.
ASBL Taiwan Center For Mandarin Learningg● Active	0786.309.021
BIG - FOOD - SNACK● Active	0438.600.643
BMH● Active	0838.541.244
C.MITSUI● Active	0887.030.257
JERBA LA DOUCE● Active	0439.033.381
Le Conteur● Active	0733.704.832
PALAIS D'ASIE BRUXELLES● Active	0467.162.985
PALAIS D'ASIE S.A.● Active	0453.691.665

Annual accounts

Full financial information

	2024	2023	2022	2021	2020	2019
Type of account	Abridged 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	29/08/2025	10/10/2024	01/10/2023	19/08/2022	08/11/2021	20/11/2020
General meeting	27/08/2025	01/10/2024	01/06/2023	02/06/2022	03/06/2021	04/06/2020
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
Abridged model	31/12/2024	27/08/2025	29/08/2025	French	PDF
Micro model	31/12/2023	01/10/2024	10/10/2024	French	PDF
Abridged model	31/12/2022	01/06/2023	01/10/2023	French	PDF
Abridged model	31/12/2021	02/06/2022	19/08/2022	French	PDF
Abridged model	31/12/2020	03/06/2021	08/11/2021	French	PDF
Abridged model	31/12/2019	04/06/2020	20/11/2020	French	PDF
Abridged model	31/12/2018	06/06/2019	30/08/2019	French	PDF
Abridged model	31/12/2017	07/06/2018	31/07/2018	French	PDF
Abridged model	31/12/2016	01/06/2017	27/07/2017	French	PDF
Abridged model	31/12/2015	02/06/2016	29/07/2016	French	PDF
Abridged model	31/12/2014	04/06/2015	27/08/2015	French	PDF
Abridged model	31/12/2013	05/06/2014	31/07/2014	French	PDF
Abridged model	31/12/2012	06/06/2013	31/07/2013	French	PDF
Abridged model	31/12/2011	07/06/2012	31/08/2012	French	PDF
Abridged model	31/12/2010	03/06/2011	28/07/2011	French	PDF
Abridged model	31/12/2009	29/10/2010	25/11/2010	French	PDF
Abridged model	31/12/2008	04/06/2009	19/08/2009	French	PDF
Abridged model	31/12/2007	05/06/2008	19/06/2008	French	PDF
Abridged model	31/12/2006	29/06/2007	20/08/2007	French	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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 31/12/2024 · 3 active · 19 ended

Active mandates

Carine BARMOSHE

Managing director · since 29 septembre 2023 · until 30 septembre 2029

Active

Mehdi BENZINE

Managing director · since 29 septembre 2023 · until 30 septembre 2029

Active

Michaël BARMOSHE

Director · since 29 septembre 2023 · until 30 septembre 2029

Active

Ended mandates

BMH

Director · since 28 septembre 2017 · until 28 septembre 2023 · 0838.541.244

Represented by MICHAEL BARMOSHE

Ended

BMH

Director · since 28 septembre 2011 · 0838.541.244

Represented by MICHAEL BARMOSHE

Ended

BMH

Director · since 28 septembre 2011 · 0838.541.244

Represented by MICHAEL BARMOSHE

Ended

BMH

Director · since 28 septembre 2011 · 0838.541.244

Represented by MICHAEL BARMOSHE

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates23/02/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates23/07/2021
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, ) - OBJET - DEMISSIONS, NOMINATIONS
PDF
Mandates09/04/2018
DEMISSIONS, NOMINATIONS
PDF
Mandates11/12/2015
DEMISSIONS, NOMINATIONS
PDF
Mandates10/11/2011
DEMISSIONS, NOMINATIONS
PDF
Mandates04/09/2009
DEMISSIONS, NOMINATIONS
PDF
Mandates08/12/2005
DEMISSIONS, NOMINATIONS
PDF
Mandates17/08/2004
CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS - 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 2024154,4 k €↑
2023
Annual accounts 2023103 k €↑
2022
Annual accounts 202282,9 k €↑
2021
Annual accounts 2021-75,4 k €↑
2020
Annual accounts 2020-381,5 k €↓
2019
Annual accounts 2019573,3 k €↑
2018
Annual accounts 201882,7 k €↑
2017
Annual accounts 201741,5 k €↓
2016
Annual accounts 2016229,6 k €↓
2015
Annual accounts 2015413,9 k €↑
2014
Annual accounts 201446 k €↓
2013
Annual accounts 201368 k €↑
2012
Annual accounts 201236,5 k €↓
2011
Annual accounts 201154,1 k €↑
2010
Annual accounts 201040,2 k €↑
2009
Annual accounts 2009-43,3 k €↓
2008
Annual accounts 200843 k €↑
2007
Annual accounts 200718,6 k €↓
2006
Annual accounts 200632,9 k €
29/06/1993
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

FETNAT

Overview

What does FETNAT 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