ACTIVE

FM HOTEL

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Financial year 2025 · closed on 31/12/2025

Net result

112,6 k €

-43.9% YoY

Gross margin

1,9 M €

+22.9% YoY

Equity

1,9 M €

+3.6% YoY

Workforce

21,2 ETP

+39.5% YoY

What does FM HOTEL do?

FM HOTEL is a Private limited company incorporated in 2011. Its main activity is: Hotels and similar accommodation. Its registered office is in Estinnes. It employs on average 21,2 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0839.438.196

Incorporation

20/09/2011

Legal form

Private limited company

Registered office

Rue de Bienne(VBR) 9
7120 Estinnes · WallonieSee on map

Contributed capital

400 000,00 €

Latest accounts

31/12/2025

Average workforce

21,2 ETP

Activities (NACE)

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

Joint committees (1)

Contacts

1 public detail availableLog in to view

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 14 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012
Income statement
Gross margin	1,9 M €	+22.9%	1,5 M €	+3.2%	1,5 M €	+25.0%	1,2 M €	+31.8%	911,3 k €	+59.4%	571,5 k €	-53.9%	1,2 M €	+5.3%	1,2 M €	-1.5%	1,2 M €	+25.9%	947,9 k €	+21.7%	778,6 k €	+28.9%	603,9 k €	+3514%	-17,7 k €	-356%	-3,9 k €
EBITDA	648,5 k €	-0.1%	649,1 k €	-8.4%	708,3 k €	+38.7%	510,7 k €	+37.7%	370,9 k €	+199%	124,2 k €	-81.4%	666,3 k €	-2.8%	685,7 k €	+11.9%	612,6 k €	+33.3%	459,6 k €	+6.0%	433,5 k €	+6.1%	408,4 k €	+2409%	-17,7 k €	-356%	-3,9 k €
Operating result	284,6 k €	-16.1%	339,1 k €	-13.7%	392,9 k €	+89.0%	207,9 k €	+197%	70,1 k €	+134%	-208,9 k €	-165%	321,7 k €	+3.4%	311,2 k €	+23.7%	251,6 k €	+136%	106,6 k €	-15.1%	125,5 k €	-43.4%	221,7 k €	+942%	-26,3 k €	-251%	-7,5 k €
Net result	112,6 k €	-43.9%	200,5 k €	-31.3%	292 k €	+119%	133,1 k €	+430%	25,1 k €	+110%	-255,2 k €	-218%	216,1 k €	+2.7%	210,3 k €	+88.4%	111,7 k €	+917%	-13,7 k €	-143%	31,7 k €	-72.0%	113,5 k €	+328%	-49,9 k €	-1110%	4,9 k €
Balance sheet
Equity	1,9 M €	+3.6%	1,9 M €	+11.5%	1,7 M €	+16.0%	1,4 M €	+5.3%	1,4 M €	-2.5%	1,4 M €	-15.8%	1,7 M €	+15.5%	1,4 M €	+3.4%	1,4 M €	+4.2%	1,3 M €	+43.4%	938,3 k €	+36.5%	687,2 k €	+93.6%	355,1 k €	+16.4%	304,9 k €
Total assets	6,6 M €	+54.9%	4,3 M €	+18.7%	3,6 M €	+0.7%	3,6 M €	-4.7%	3,7 M €	-9.8%	4,1 M €	-7.3%	4,5 M €	-3.7%	4,6 M €	-5.4%	4,9 M €	-8.9%	5,4 M €	+10.1%	4,9 M €	+73.3%	2,8 M €	+33.8%	2,1 M €	+351%	467,7 k €
Cash	266,7 k €	+3.6%	257,5 k €	+20.8%	213,1 k €	+23.5%	172,5 k €	+73.7%	99,4 k €	+12.4%	88,4 k €	-64.3%	247,4 k €	+28.2%	193 k €	-33.1%	288,5 k €	+946%	27,6 k €	-79.9%	137 k €	+56.4%	87,6 k €	+103%	43,2 k €	+6.5%	40,6 k €
Debts	4,6 M €	+95.4%	2,3 M €	+24.8%	1,9 M €	-10.4%	2,1 M €	-11.0%	2,3 M €	-13.8%	2,7 M €	-2.3%	2,8 M €	-12.6%	3,2 M €	-8.8%	3,5 M €	-13.5%	4 M €	+2.8%	3,9 M €	+86.0%	2,1 M €	+21.4%	1,7 M €	+1004%	157,5 k €
Other
Workforce	21,2 ETP	+39.5%	15,2 ETP	+13.4%	13,4 ETP	-2.2%	13,7 ETP	-0.7%	13,8 ETP	0.0%	13,8 ETP	+7.0%	12,9 ETP	+18.3%	10,9 ETP	-23.8%	14,3 ETP	+14.4%	12,5 ETP	+28.9%	9,7 ETP	+10.2%	8,8 ETP		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 3 ended

Active mandates

FRAMAX

Director · since 14 décembre 2023 · 0889.725.966

Represented by VANDENHENDE Jean-Marc

Active

François VANDENHENDE

Director · since 14 décembre 2023

Active

Maxime VANDENHENDE

Director · since 14 décembre 2023

Active

Ended mandates

FRAMAX

Manager · 0889.725.966

Represented by JEAN MARC VANDENHENDE

Ended

FRAMAX

Manager · 0889.725.966

Represented by VANDENHENDE jean-Marc

Ended

FRAMAX

Director · 0889.725.966

Represented by VANDENHENDE jean-Marc

Ended

At this address

Other companies at this address

Company	CBE no.
COASSIN EVELYNE● Active	0476.454.991
FRAMAX● Active	0889.725.966
Framax 2.0● Active	0715.716.478
STOKI● Active	0786.765.812
STOKI ANDERLUES● Active	0500.607.793

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged 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	24/07/2026	23/07/2025	19/07/2024	14/07/2023	13/07/2022	30/07/2021
General meeting	30/06/2026	24/06/2025	25/06/2024	26/06/2023	27/06/2022	28/06/2021
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

Ratios

Financial ratios

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Filings

Annual accounts filings

14 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	30/06/2026	24/07/2026	French	PDF
Abridged model	31/12/2024	24/06/2025	23/07/2025	French	PDF
Abridged model	31/12/2023	25/06/2024	19/07/2024	French	PDF
Abridged model	31/12/2022	26/06/2023	14/07/2023	French	PDF
Abridged model	31/12/2021	27/06/2022	13/07/2022	French	PDF
Abridged model	31/12/2020	28/06/2021	30/07/2021	French	PDF
Abridged model	31/12/2019	29/06/2020	28/07/2020	French	PDF
Abridged model	31/12/2018	24/06/2019	22/07/2019	French	PDF
Abridged model	31/12/2017	25/06/2018	09/07/2018	French	PDF
Abridged model	31/12/2016	26/06/2017	20/07/2017	French	PDF
Abridged model	31/12/2015	27/06/2016	13/07/2016	French	PDF
Abridged model	31/12/2014	29/06/2015	29/06/2015	French	PDF
Abridged model	31/12/2013	30/06/2014	30/07/2014	French	PDF
Abridged model	31/12/2012	24/06/2013	30/07/2013	French	PDF

Estimate

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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 3 ended

Active mandates

FRAMAX

Director · since 14 décembre 2023 · 0889.725.966

Represented by VANDENHENDE Jean-Marc

Active

François VANDENHENDE

Director · since 14 décembre 2023

Active

Maxime VANDENHENDE

Director · since 14 décembre 2023

Active

Ended mandates

FRAMAX

Manager · 0889.725.966

Represented by JEAN MARC VANDENHENDE

Ended

FRAMAX

Manager · 0889.725.966

Represented by VANDENHENDE jean-Marc

Ended

FRAMAX

Director · 0889.725.966

Represented by VANDENHENDE jean-Marc

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates20/12/2023
MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
PDF
Other30/09/2011
RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
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

2025
Annual accounts 2025112,6 k €↓
2024
Annual accounts 2024200,5 k €↓
2023
Annual accounts 2023292 k €↑
2022
Annual accounts 2022133,1 k €↑
2021
Annual accounts 202125,1 k €↑
2020
Annual accounts 2020-255,2 k €↓
2019
Annual accounts 2019216,1 k €↑
2018
Annual accounts 2018210,3 k €↑
2017
Annual accounts 2017111,7 k €↑
2016
Annual accounts 2016-13,7 k €↓
2015
Annual accounts 201531,7 k €↓
2014
Annual accounts 2014113,5 k €↑
2013
Annual accounts 2013-49,9 k €↓
2012
Annual accounts 20124,9 k €
20/09/2011
IncorporationPrivate 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

FM HOTEL

Overview

What does FM HOTEL do?

Trend over 14 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