ACTIVE

HOTEL SPA RESORT

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Financial year 2025 · Closed on 31/12/2025

Net result710,6 k €+168,2 %over 1 year

Gross margin4,8 M €+25,7 %over 1 year

Equity5 M €+16,4 %over 1 year

Workforce49,9 ETP+4,6 %over 1 year

Identity

Source · BCE/KBO

HOTEL SPA RESORT is a Public limited company incorporated in 1993. Its registered office is in Spa. It employs on average 49,9 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0451.873.510
Incorporation: 24/12/1993
Legal form: Public limited company
Registered office: Place Royale 39
4900 Spa · WallonieSee on map
Contributed capital: 5 060 211,57 €
Latest accounts: 31/12/2025
Average workforce: 49,9 ETP

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 21 filings

Trend over 20 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	4,8 M €	+25.7%	3,8 M €	+26.0%	3 M €	+5.8%	2,9 M €		–
EBITDA	2,2 M €	+41.7%	1,6 M €	+44.4%	1,1 M €	-5.9%	1,1 M €	+70.0%	675,1 k €
Operating result	1,1 M €	+68.5%	659,6 k €	+1449%	42,6 k €	-30.8%	61,5 k €	+113%	-462,1 k €
Net result	710,6 k €	+168%	265 k €	+1801%	13,9 k €	-82.4%	79,1 k €	+116%	-487,4 k €
Balance sheet
Equity	5 M €	+16.4%	4,3 M €	+6.4%	4 M €	-25.5%	5,4 M €	+2.4%	5,3 M €
Total assets	14,4 M €	+36.6%	10,5 M €	-9.1%	11,6 M €	+2.1%	11,4 M €	-8.1%	12,4 M €
Cash	807,2 k €	+18.6%	680,5 k €	-73.4%	2,6 M €	+42.2%	1,8 M €	-1.5%	1,8 M €
Debts	9,4 M €	+50.4%	6,3 M €	-17.1%	7,6 M €	+27.1%	6 M €	-15.8%	7,1 M €
Other
Workforce	49,9 ETP	+4.6%	47,7 ETP	+10.4%	43,2 ETP	+12.8%	38,3 ETP	+20.4%	31,8 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

1 active · 36 ended

Active mandates

MAS INVEST

Director · since 22 novembre 2023 · 0757.585.935

Represented by WOHRMANN MARCO

Active

Ended mandates

Johan DEKENS

Director · since 14 juin 2021 · until 22 novembre 2023

Ended

Johan DEKENS

Director · since 14 juin 2021 · until 09 juin 2025

Ended

Francis COLARIS

Director · since 01 juin 2019 · until 13 mai 2022

Ended

Francis COLARIS

Director · since 01 juin 2019 · until 13 juin 2022

Ended

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Full model	Full 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	25/08/2026	31/07/2025	06/08/2024	29/06/2023	14/06/2022	22/06/2021
General meeting	25/06/2026	25/06/2025	30/06/2024	12/06/2023	13/06/2022	14/06/2021
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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 21 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	25/06/2026	25/08/2026	French	PDF
Abridged model	31/12/2024	25/06/2025	31/07/2025	French	PDF
Abridged model	31/12/2023	30/06/2024	06/08/2024	French	PDF
Abridged model	31/12/2022	12/06/2023	29/06/2023	French	PDF
Full model	31/12/2021	13/06/2022	14/06/2022	French	PDF
Full model	31/12/2020	14/06/2021	22/06/2021	French	PDF
Full model	31/12/2019	29/06/2020	30/06/2020	French	PDF
Full model	31/12/2018	10/05/2019	01/07/2019	French	PDF
Full model	31/12/2017	01/06/2018	04/07/2018	French	PDF
Full modelCorrection	31/12/2016	26/06/2017	01/08/2017	French	PDF
Full model	31/12/2016	26/05/2017	10/07/2017	French	PDF
Full model	31/12/2015	13/05/2016	28/06/2016	French	PDF
Full model	31/12/2014	08/05/2015	24/07/2015	French	PDF
Full model	31/12/2013	09/05/2014	04/06/2014	French	PDF
Full model	31/12/2012	17/05/2013	05/07/2013	French	PDF
Full model	31/12/2011	11/05/2012	04/07/2012	French	PDF
Full model	31/12/2010	13/05/2011	16/06/2011	French	PDF
Full model	31/12/2009	17/05/2010	03/06/2010	French	PDF
Full model	31/12/2008	12/06/2009	03/07/2009	French	PDF
Full model	31/12/2007	09/05/2008	09/06/2008	French	PDF
Full model	31/12/2006	22/06/2007	06/07/2007	French	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 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

1 active · 36 ended

Active mandates

MAS INVEST

Director · since 22 novembre 2023 · 0757.585.935

Represented by WOHRMANN MARCO

Active

Ended mandates

Johan DEKENS

Director · since 14 juin 2021 · until 22 novembre 2023

Ended

Johan DEKENS

Director · since 14 juin 2021 · until 09 juin 2025

Ended

Francis COLARIS

Director · since 01 juin 2019 · until 13 mai 2022

Ended

Francis COLARIS

Director · since 01 juin 2019 · until 13 juin 2022

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates15/10/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates28/11/2023
SIEGE SOCIAL - OBJET - CAPITAL, ACTIONS - DEMISSIONS, NOMINATIONS
PDF
Mandates05/07/2023
DEMISSIONS, NOMINATIONS
PDF
Capital / shares07/10/2022
CAPITAL, ACTIONS
PDF
Mandates04/07/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates17/11/2021
DEMISSIONS, NOMINATIONS
PDF
Mandates17/11/2021
DEMISSIONS, NOMINATIONS
PDF
Other28/05/2021
ASSEMBLEE GENERALE
PDF

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

See the Business plan

Timeline

2025
Annual accounts 2025710,6 k €↑
2024
Annual accounts 2024265 k €↑
2023
Annual accounts 202313,9 k €↓
2022
Annual accounts 202279,1 k €↑
2021
Annual accounts 2021-487,4 k €↑
2020
Annual accounts 2020-724,2 k €↓
2019
Annual accounts 2019381 k €↑
2018
Annual accounts 201890,8 k €↓
2017
Annual accounts 2017139,6 k €↓
2016
Annual accounts 2016144,2 k €↑
2015
Annual accounts 2015-119,1 k €↑
2014
Annual accounts 2014-511,4 k €↑
2013
Annual accounts 2013-633,6 k €↑
2012
Annual accounts 2012-678,6 k €↓
2011
Annual accounts 2011-573,8 k €↑
2010
Annual accounts 2010-867,3 k €↑
2009
Annual accounts 2009-1 M €↓
2008
Annual accounts 2008-77,4 k €↑
2007
Annual accounts 2007-598 k €↑
2006
Annual accounts 2006-971,7 k €
24/12/1993
IncorporationPublic limited company

HOTEL SPA RESORT

Overview

Identity

Financials

Valuation

Indicative valuation

Board of directors

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