ACTIVE

Horeca 38

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Financial year 2025 · closed on 31/12/2025

Net result

13,4 k €

-60.1% YoY

Gross margin

429,6 k €

-0.6% YoY

Equity

596,2 k €

+2.3% YoY

Workforce

7,4 ETP

+4.2% YoY

What does Horeca 38 do?

Horeca 38 is a Private limited company incorporated in 2006. Its main activity is: Accommodation. Its registered office is in Hasselt. It employs on average 7,4 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0883.154.811

Incorporation

25/08/2006

Legal form

Private limited company

Registered office

Kolonel Dusartplein 38
3500 Hasselt · FlandreSee on map

Contributed capital

18 600,00 €

Latest accounts

31/12/2025

Average workforce

7,4 ETP

Activities (NACE)

55401Accommodation· main 56301Beverage serving activities 56301Beverage serving activities

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive 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

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	429,6 k €	-0.6%	432 k €	-8.8%	473,5 k €	+15.5%	410,1 k €	+16.9%	350,8 k €	+122%	158 k €	-50.4%	318,5 k €	-9.2%	350,6 k €	+7.9%	324,8 k €	+54.2%	210,7 k €	+25.3%	168,2 k €	+205%	55,1 k €	-22.4%	71,1 k €	-12.7%	81,4 k €	-31.1%	118,2 k €	-7.6%	127,9 k €	+676%	16,5 k €	-83.5%	100,1 k €	-40.2%	167,4 k €
EBITDA	76,1 k €	-20.5%	95,8 k €	-35.3%	148,1 k €	-18.4%	181,4 k €	-23.8%	238 k €	+217%	75,1 k €	-5.6%	79,5 k €	+24.5%	63,9 k €	+21.1%	52,7 k €	+1.2%	52,1 k €	-37.7%	83,7 k €	+367%	17,9 k €	-61.2%	46,2 k €	+144%	18,9 k €	-29.1%	26,7 k €	+19.7%	22,3 k €	+134%	-65,1 k €	-251%	43,2 k €	+26.9%	34,1 k €
Operating result	29 k €	-45.2%	52,9 k €	-50.5%	106,7 k €	-24.4%	141,3 k €	-21.5%	179,9 k €	+379%	37,6 k €	-4.0%	39,2 k €	+69.6%	23,1 k €	+109%	11 k €	-53.5%	23,7 k €	-63.3%	64,6 k €	+739%	7,7 k €	-78.4%	35,7 k €	+467%	6,3 k €	-42.1%	10,9 k €	+261%	3 k €	+104%	-84,2 k €	-469%	22,8 k €	+132%	9,8 k €
Net result	13,4 k €	-60.1%	33,5 k €	-54.1%	73 k €	-23.2%	95,1 k €	-44.8%	172,3 k €	+147%	69,7 k €	+154%	27,5 k €	+89.9%	14,5 k €	+91.2%	7,6 k €	-47.1%	14,3 k €	-26.6%	19,5 k €	+267%	5,3 k €	-80.9%	27,7 k €	+12394%	221,8 €	-97.8%	10,2 k €	+1456%	657,9 €	+103%	-23,9 k €	-322%	10,7 k €	+68.1%	6,4 k €
Balance sheet
Equity	596,2 k €	+2.3%	582,8 k €	+6.1%	549,3 k €	+15.3%	476,3 k €	+24.9%	381,2 k €	+82.5%	208,9 k €	+50.0%	139,2 k €	+24.6%	111,8 k €	+14.9%	97,3 k €	+8.4%	89,7 k €	+19.0%	75,4 k €	+34.8%	56 k €	+10.5%	50,7 k €	+121%	23 k €	+1.0%	22,7 k €	+81.9%	12,5 k €	+5.6%	11,8 k €	-66.8%	35,7 k €	+42.9%	25 k €
Total assets	848,2 k €	+5.2%	806,1 k €	+7.3%	751,4 k €	-1.7%	764,1 k €	+25.7%	607,8 k €	+85.7%	327,3 k €	+37.5%	238,1 k €	-18.3%	291,3 k €	-11.5%	329,3 k €	+48.4%	221,9 k €	+47.2%	150,7 k €	+23.6%	121,9 k €	-54.1%	265,6 k €	+53.9%	172,6 k €	+22.9%	140,4 k €	-11.1%	158 k €	-25.4%	211,9 k €	-22.5%	273,5 k €	-16.7%	328,1 k €
Cash	189,6 k €	-17.2%	228,9 k €	+8.7%	210,5 k €	+152%	83,7 k €	-46.6%	156,7 k €	+278%	41,4 k €	+54.4%	26,8 k €	-67.8%	83,3 k €	-17.3%	100,7 k €	+81.8%	55,4 k €	+18.6%	46,7 k €	-35.6%	72,5 k €	+91.7%	37,8 k €	+2192%	1,7 k €	-85.4%	11,3 k €	-54.6%	24,8 k €	-65.5%	72 k €	-51.8%	149,1 k €	+189%	51,5 k €
Debts	252 k €	+12.9%	223,3 k €	+11.1%	201 k €	-29.1%	283,5 k €	+32.9%	213,4 k €	+87.2%	114 k €	+15.3%	98,8 k €	-44.7%	178,7 k €	-23.0%	232 k €	+75.6%	132,1 k €	+75.6%	75,2 k €	+14.1%	65,9 k €	-69.3%	215 k €	+43.6%	149,6 k €	+27.1%	117,7 k €	-19.1%	145,5 k €	-27.3%	200,1 k €	-15.4%	236,5 k €	-22.0%	303,2 k €
Other
Workforce	7,4 ETP	+4.2%	7,1 ETP	-5.3%	7,5 ETP	+29.3%	5,8 ETP	+26.1%	4,6 ETP	+12.2%	4,1 ETP	-34.9%	6,3 ETP	-22.2%	8,1 ETP	+15.7%	7,0 ETP	+84.2%	3,8 ETP	+72.7%	2,2 ETP	+100%	1,1 ETP	+10.0%	1,0 ETP	-23.1%	1,3 ETP	-61.8%	3,4 ETP	+13.3%	3,0 ETP	+20.0%	2,5 ETP	+13.6%	2,2 ETP	+4.8%	2,1 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 · 9 ended

Active mandates

David Abeck

Director

Active

DSA

Director · 0505.776.905

Represented by David Abeck

Active

Ended mandates

David Abeck

Manager

Ended

DSA

Manager · 0505.776.905

Ended

DSA

Director · 0505.776.905

Represented by Samuel Abeck

Ended

DSA

Manager · 0505.776.905

Represented by David Abeck

Ended

At this address

Other companies at this address

Company	CBE no.
DSA● Active	0505.776.905

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	30/06/2026	26/06/2025	12/07/2024	27/06/2023	30/06/2022	28/06/2021
General meeting	25/06/2026	25/06/2025	25/06/2024	26/06/2023	25/06/2022	25/06/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	25/06/2026	30/06/2026	Dutch	PDF
Abridged model	31/12/2024	25/06/2025	26/06/2025	Dutch	PDF
Abridged model	31/12/2023	25/06/2024	12/07/2024	Dutch	PDF
Abridged model	31/12/2022	26/06/2023	27/06/2023	Dutch	PDF
Abridged model	31/12/2021	25/06/2022	30/06/2022	Dutch	PDF
Abridged model	31/12/2020	25/06/2021	28/06/2021	Dutch	PDF
Abridged model	31/12/2019	25/06/2020	30/06/2020	Dutch	PDF
Abridged model	31/12/2018	25/06/2019	30/07/2019	Dutch	PDF
Abridged model	31/12/2017	25/06/2018	29/08/2018	Dutch	PDF
Abridged modelCorrection	31/12/2016	26/06/2017	28/08/2018	Dutch	PDF
Abridged model	31/12/2016	26/06/2017	31/08/2017	Dutch	PDF
Abridged model	31/12/2015	25/06/2016	29/08/2016	Dutch	PDF
Abridged model	31/12/2014	25/06/2015	01/07/2015	Dutch	PDF
Abridged model	31/12/2013	25/06/2014	14/08/2014	Dutch	PDF
Abridged model	31/12/2012	25/06/2013	25/06/2013	Dutch	PDF
Abridged model	31/12/2011	25/05/2012	02/08/2012	Dutch	PDF
Abridged model	31/12/2010	25/06/2011	29/07/2011	Dutch	PDF
Abridged model	31/12/2009	24/06/2010	30/08/2010	Dutch	PDF
Abridged model	31/12/2008	25/06/2009	31/08/2009	Dutch	PDF
Abridged model	31/12/2007	25/06/2008	29/07/2008	Dutch	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 31/12/2025 · 2 active · 9 ended

Active mandates

David Abeck

Director

Active

DSA

Director · 0505.776.905

Represented by David Abeck

Active

Ended mandates

David Abeck

Manager

Ended

DSA

Manager · 0505.776.905

Ended

DSA

Director · 0505.776.905

Represented by Samuel Abeck

Ended

DSA

Manager · 0505.776.905

Represented by David Abeck

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates21/09/2022
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - WIJZIGING RECHTSVORM - BENAMING - ONTSLAGEN - BENOEMINGEN
PDF
Mandates10/03/2015
ONTSLAGEN - BENOEMINGEN
PDF
Mandates23/01/2015
ONTSLAGEN - BENOEMINGEN
PDF
Mandates03/09/2009
ONTSLAGEN - BENOEMINGEN
PDF
Other04/09/2006
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

2025
Annual accounts 202513,4 k €↓
2024
Annual accounts 202433,5 k €↓
2023
Annual accounts 202373 k €↓
2022
Annual accounts 202295,1 k €↓
2022
Name changeHoreca 38
2021
Annual accounts 2021172,3 k €↑
2020
Annual accounts 202069,7 k €↑
2019
Annual accounts 201927,5 k €↑
2018
Annual accounts 201814,5 k €↑
2017
Annual accounts 20177,6 k €↓
2016
Annual accounts 201614,3 k €↓
2015
Annual accounts 201519,5 k €↑
2014
Annual accounts 20145,3 k €↓
2013
Annual accounts 201327,7 k €↑
2012
Annual accounts 2012221,8 €↓
2011
Annual accounts 201110,2 k €↑
2010
Annual accounts 2010657,9 €↑
2009
Annual accounts 2009-23,9 k €↓
2008
Annual accounts 200810,7 k €↑
2007
Annual accounts 20076,4 k €
2007
Name changeLobeck
25/08/2006
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

Horeca 38

Overview

What does Horeca 38 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