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ASHG Brussels

Active
Limited partnershipfounded 1973active for 52 yearsOud-Strijderslaan 1, 1140 Evere, BelgiumKBO/BCE: BE 0413.621.757
Summary

The computed 12-month bankruptcy probability of ASHG Brussels is 3.6% (moderate). The 2025 annual accounts show negative equity (-€2.7m) and a net result of -€1.1m. Equity is shrinking by about 44% per year across the filed financial years. Its solvency ranks better than 11% of 857 sector peers (NACE 55, financial year 2025). The company has been active since 1973 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Activity
Hotels and similar accommodation
NACE 55100
2nd largest company by total assets in Evere, Accommodation and food service sector1 site
Size
€6.3mtotal assets 2025
Staff
36.1 FTE
Equity
-€2.7m
Loss
-€1.1m
Net result -86%: other schema
Financial health
47 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
3.6%
Structure
Parent
ASHG Belgium · 100%
Accounts 39 days early3 of 16 deeds read
Why 47raises riskNegative equity -€2.7mLoss of €1.1m, the second in a row (financial year 2025)Liquidity: current ratio 0.37, cash €178,307, halvedlowers riskLegal form: limited partnershipShow the evidence

Checked score

Score 2025
47 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 17% of its sector peers (NACE 55, small)
Financial strength · tick = 2024
Weak
Solvency 0=
equity -42.0% of total assets
Liquidity 50-8
short-term debt 15.0% · cash 2.8%
Profitability 0-10
return on assets -17.5%
Bankruptcy probability, 12 months
3.6% Moderate
0%0.5%1.5%4%10%≥ 25%

About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.4% (576 companies, NACE 55, small)
Last 24 months 11-2024: 1.2%lowest value 12-2024: 1.2%● unchanged vs 11-2024lowest value 01-2025: 1.2%● unchanged vs 12-2024lowest value 02-2025: 1.2%● unchanged vs 01-2025 03-2025: 1.2%● unchanged vs 02-2025 04-2025: 1.2%● unchanged vs 03-2025 05-2025: 1.2%● unchanged vs 04-2025 06-2025: 1.2%● unchanged vs 05-2025 07-2025: 1.4%▲ +0.2 percentage points vs 06-2025 08-2025: 1.7%▲ +0.3 percentage points vs 07-2025 09-2025: 1.7%● unchanged vs 08-2025 10-2025: 1.7%● unchanged vs 09-2025 11-2025: 1.7%● unchanged vs 10-2025 12-2025: 1.7%● unchanged vs 11-2025 01-2026: 1.7%● unchanged vs 12-2025 02-2026: 1.7%● unchanged vs 01-2026 03-2026: 1.7%● unchanged vs 02-2026 04-2026: 1.7%● unchanged vs 03-2026 05-2026: 1.7%● unchanged vs 04-2026 06-2026: 1.8%▲ +0.1 percentage points vs 05-2026 07-2026: 3.6%▲ +1.8 percentage points vs 06-2026highest value 08-2026: 3.6%● unchanged vs 07-2026highest value 09-2026: 3.6%● unchanged vs 08-2026highest value 10-2026: 3.6%● unchanged vs 09-2026highest value
No credit on open account
Liquidity insufficient (current ratio 0.37, compared with 2.38 in 2024, below 1; short-term debt: 15% and cash: 2.8% of total assets), and equity is negative.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 55, small): better than 4% on solvency, 53% on liquidity, 3% on profitability and 8% on growth.

The bankruptcy probability was computed on 16-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
lowers riskraises riskneutral
raises risk · Negative equity -€2.7m
NBB · annual accounts
raises risk · Loss of €1.1m, the second in a row (financial year 2025)
NBB · annual accounts
raises risk · Liquidity: current ratio 0.37, cash €178,307, halved
NBB · annual accounts
lowers risk · Legal form: limited partnership
KBO
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
1819202122232425
2018 to 2025 · latest year -€2.7m
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 22-06-2026, 39 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
39 days early
2024
9 days early
2023
on the day
2022
5 days early
2021
24 days early
2020
59 days late
2019
7 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 4 days before the deadline; the sector median (NACE 55) for financial year 2024 is 1 day before the deadline, and 45% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 22 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
17-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · abbreviated…
  2. Weakest financial yearnet -€1.1m
  3. Annual accounts filedfinancial year 2024 · full…

Key points

  • Risk: Negative equityfinancial year 2025: debts exceed assets -€2.7m View
  • Caution: Result fell in 2025different schema filed ▼ 86.3% View
  • Caution: Among the weakest 5% on net resultsector median €6,853 · 857 companies -€1.1m View
  • Controlled by ASHG Belgiumultimately: CONTINENTAL LEISURE HOLDINGS LTD 100% View
  • Caution: 2 loss-making years in a rowloss financial year 2025 -€1.1m View
  • Positive: Filed on time since financial year 2021accounts within the deadline every year 5 years View
  • Active since 1973founded 18-10-1973 52 years View

By topic

Financials

Financial year
2025
Total assets
€6.3m
Loss
-€1.1m
Solvency
-42.0%
Go to Financials

Timeline

Events
55
Since
1979
Next accounts
by 31-07-2027
  1. 31-12-2024Liquidity more than doubled
  2. 25-11-2024Resignations: Patrick Coyle, William Mcintosh and Raf…
  3. 21-11-2024Purpose · Amendment of the articles ·…
Go to Timeline

Company details

Sites
1
Legal form
Limited partnership
Activity
Hotels and similar accommodationNACE 55100
Founded
18-10-1973
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
44
Annual meeting
Last Friday of May at 17:00
Purpose
“L’acquisition par tous modes, directs ou indirects, notamment par voie de prises de…” (deed in French)
Go to Articles of association

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