ACTIVE

BHUSAL

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Financial year 2025 · closed on 31/12/2025
Net result
121,4 k €
+133.0% YoY
Gross margin
238,8 k €
+42.1% YoY
Equity
19 k €
+150.9% YoY

What does BHUSAL do?

BHUSAL is a Private company with limited liability incorporated in 2014. Its main activity is: Hotels and similar accommodation. Its registered office is in Gent.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0556.835.923
Incorporation
24/07/2014
Legal form
Private company with limited liability
Registered office
Koningin Maria Hendrikaplein 9
9000 Gent · FlandreSee on map
Contributed capital
19 000,00 €
Latest accounts
31/12/2025
Activities (NACE)
55100Hotels and similar accommodation· main55100Hotels and similar accommodation56101Restaurants and mobile food service activities56111Restaurants and mobile food service activities55100Hotels and similar accommodation55100Hotels and similar accommodation+2
Joint committees (1)
  • 302
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 11 financial years

20252024202320222021202020192018201720162015
Income statement
Gross margin238,8 k €168 k €127 k €115,7 k €16,6 k €10,7 k €156,2 k €149,9 k €147,7 k €49,8 k €371,1 k €
EBITDA123,8 k €65,1 k €-3,7 k €22,6 k €-16,9 k €-37,7 k €63,5 k €41,3 k €31,7 k €-13,2 k €4,6 k €
Operating result122,9 k €53 k €-16,1 k €9,4 k €-30,8 k €-54,9 k €34 k €12,7 k €6,9 k €-35,3 k €-16,3 k €
Net result121,4 k €52,1 k €-17,9 k €3,1 k €-33,5 k €-55,2 k €33,6 k €11,9 k €3,9 k €-35,8 k €-18,5 k €
Balance sheet
Equity19 k €-37,3 k €-89,5 k €-71,5 k €-74,6 k €-41,1 k €14,1 k €-19,5 k €-31,4 k €-35,3 k €469,5 €
Total assets177,5 k €78,9 k €40,6 k €54,4 k €59,4 k €67,6 k €86 k €135,6 k €138 k €169,5 k €206 k €
Cash81,8 k €49,4 k €18,1 k €19,8 k €10,5 k €6,7 k €13,7 k €17,7 k €20,7 k €20,7 k €18,2 k €
Debts158,1 k €116,2 k €129,2 k €125,9 k €134 k €108,7 k €63,1 k €131 k €169,4 k €204,8 k €205,5 k €
Other
Workforce––––––––––1,8 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 31/12/2025 · 2 active · 6 ended

Active mandates

Binod Thapa

Director

Active
Prativa Lohani

Director

Active

Ended mandates

Samjana Thapa

Manager · since 01 juillet 2017

Ended
Binod Thapa

Manager

Ended
Prasad Surendra

Manager · until 01 juillet 2017

Ended
Pratiksha Bhusal

Manager · until 01 juillet 2017

Ended
Annual accounts

Full financial information

202520242023202220212020
Type of accountMicro modelMicro modelMicro modelMicro modelMicro modelMicro 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 date08/07/202625/08/202522/07/202408/08/202312/08/202213/08/2021
General meeting30/06/202630/06/202515/06/202417/06/202318/06/202219/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

11 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202530/06/202608/07/2026DutchPDF
Micro model31/12/202430/06/202525/08/2025DutchPDF
Micro model31/12/202315/06/202422/07/2024DutchPDF
Micro model31/12/202217/06/202308/08/2023DutchPDF
Micro model31/12/202118/06/202212/08/2022DutchPDF
Micro model31/12/202019/06/202113/08/2021DutchPDF
Micro model31/12/201920/06/202027/08/2020DutchPDF
Micro model31/12/201815/06/201929/08/2019DutchPDF
Micro model31/12/201716/06/201824/08/2018DutchPDF
Micro model31/12/201617/06/201716/02/2018DutchPDF
Abridged model31/12/201516/06/201612/06/2017DutchPDF
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 31/12/2025 · 2 active · 6 ended

Active mandates

Binod Thapa

Director

Active
Prativa Lohani

Director

Active

Ended mandates

Samjana Thapa

Manager · since 01 juillet 2017

Ended
Binod Thapa

Manager

Ended
Prasad Surendra

Manager · until 01 juillet 2017

Ended
Pratiksha Bhusal

Manager · until 01 juillet 2017

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates07/08/2026
    Ontslag en benoeming bestuurder, vaststelling eenhoofdigheid
    PDF
  • Mandates24/10/2018
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates21/03/2018
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates09/08/2017
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates29/12/2015
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other28/07/2014
    RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
    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

Timeline

  1. 2025
    Annual accounts 2025121,4 k €↑
  2. 2024
    Annual accounts 202452,1 k €↑
  3. 2023
    Annual accounts 2023-17,9 k €↓
  4. 2022
    Annual accounts 20223,1 k €↑
  5. 2021
    Annual accounts 2021-33,5 k €↑
  6. 2020
    Annual accounts 2020-55,2 k €↓
  7. 2019
    Annual accounts 201933,6 k €↑
  8. 2018
    Annual accounts 201811,9 k €↑
  9. 2017
    Annual accounts 20173,9 k €↑
  10. 2016
    Annual accounts 2016-35,8 k €↓
  11. 2015
    Annual accounts 2015-18,5 k €
  12. 24/07/2014
    IncorporationPrivate company with limited liability