BRUSSELS HOTEL BELVEDERE
The computed 12-month bankruptcy probability of BRUSSELS HOTEL BELVEDERE is 2.0% (moderate). The 2022 annual accounts show equity of €50k and a net result of €-5k. Equity is shrinking by ~4.7% per year across the filed fiscal years. The company has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €50k |
| Net result | €-5k |
| Active | 20 yrs |
| Locations | 1 |
Mixed profile: strong on stability, weaker on profitability.
All 5 axes are computed from data Checked has read.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.
See plans →How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
Show 12 other metrics
| Fiscal year | 2022 |
|---|---|
| Deposit | micro |
| Revenue | €71k |
| EBITDA | €12k |
| Net profit | €-5k |
| Cash flow | €4k |
| Staff costs | - |
| Income taxes | - |
| Dividends | - |
| Total assets | €269k |
| Equity | €50k |
| Debt | €219k |
| of which ≤ 1y | €42k |
| of which > 1y | €168k |
| Working capital | €58k |
| Employees (FTE) | - |
| 2022 | |
|---|---|
| Current ratio | 2.36 |
| Quick ratio | 2.36 |
| Working capital ratio | 21.4% |
| Solvency | 18.6% |
| Debt / equity | 4.37 |
| Long-term debt ratio | 3.35 |
| Interest coverage | 1.43 |
| Gross margin | 21.7% |
| Net margin | -6.9% |
| ROA | -1.8% |
| ROE | -9.8% |
| EBITDA margin | 17.6% |
| Days sales outstanding | 292d |
| Days payable outstanding | 107d |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Full annual accounts (25 line items)
| Line item | Code | 2022 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €269k |
| Fixed assets | 21/28 | €169k |
| Intangible fixed assets | 21 | €0 |
| Tangible fixed assets | 22/27 | €169k |
| Financial fixed assets | 28 | €365 |
| Current assets | 29/58 | €100k |
| Amounts receivable within one year | 40/41 | €74k |
| Investments | 50/53 | €4k |
| Cash & bank | 54/58 | €22k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €269k |
| Equity | 10/15 | €50k |
| Contributions / capital | 10/11 | €20k |
| Reserves | 13 | €2k |
| Accumulated profits (losses) | 14 | €28k |
| Amounts payable | 17/49 | €219k |
| Amounts payable after one year | 17 | €168k |
| Amounts payable within one year | 42/48 | €42k |
| Trade debts payable within one year | 44 | €16k |
| Income statement | ||
| Turnover | 70 | €71k |
| Gross operating margin | 9900 | €15k |
| Operating result | 9901 | €4k |
| Financial charges | 65 | €9k |
| Result before taxes | 9903 | €-5k |
| Net result for the period | 9904 | €-5k |
| Result to be appropriated | 9905 | €-5k |
Historic, not recently confirmed (1)
-
Not recently confirmedlast confirmed in an act from 2014
Former directors (1)
-
Former- → 01-11-2013
| NACE primary | Hotels en dergelijke accommodatie(55100) |
| Legal form | Private limited company(610) |
| Incorporation | 26-10-2005 |
| Status | Active |
| Postal code | 1081 |
Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21492B0083/00G010 | Brussels | 60 m² | 1 · 60 m² | 19.4 m · 5 fl. |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
25-02-2026 KANJIANI Nadir appointed as managing director
- KANJIANI Nadir, Gedelegeerd bestuurder
Technical details
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},
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}
],
"notary": {
"name": "Herv\u00E9 BEHAEGEL",
"firm_city": null,
"firm_name": null,
"office_city": "Saint-Gilles",
"is_associated": false
},
"act_meta": {
"language": "nl",
"pub_date": "2026-02-25",
"filing_date": "2026-02-23",
"act_kind_objet": "Objet de l\u0027acte:"
},
"decisions": [
{
"body": "buitengewone_algemene_vergadering",
"date": "2026-02-19",
"unanimous": true
}
],
"is_correction": false,
"subject_company": {
"kbo": "0876.941.564",
"name_full": "BRUSSELS HOTEL BELVEDERE",
"legal_form": "SRL"
},
"publication_proxy": {
"kind": "person",
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"person_name": "Herv\u00E9 BEHAEGEL",
"org_rep_person_name": null,
"person_role_at_subject": "Notaire"
},
"co_filed_documents": [
"exp\u00E9dition de l\u2019acte",
"statuts coordonn\u00E9s"
],
"corrected_publication_numac": null
}19-03-2014 1 director appointed, 1 resigning
- Kanjiani Nadir Shah, Zaakvoerder
- Nayani Musaddaq, Zaakvoerder
Technical details
{
"events": [
{
"kind": "director_out",
"role": "zaakvoerder",
"person": {
"rrn": null,
"name": "Nayani Musaddaq",
"address": null,
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},
"effective_date": "2013-11-01",
"evidence_quote": "La d\u00E9mission de Mr Nayani Musaddaq en tant que g\u00E9rant est accept\u00E9e. D\u00E9charge lui est donn\u00E9 pour l\u0027exercice \u00E9coul\u00E9.",
"discharge_granted": true
},
{
"kind": "director_in",
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"person": {
"rrn": null,
"name": "Kanjiani Nadir Shah",
"address": null,
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},
"effective_date": "2013-11-01",
"evidence_quote": "La nomination de Mr Kanjiani Nadir Shah comme g\u00E9rant est accept\u00E9e."
}
],
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"subject_company": {
"kbo": "0876.941.564",
"name_full": "BRUSSELS HOTEL BELVEDERE",
"legal_form": "SPRL"
}
}| Legal nameFR | BRUSSELS HOTEL BELVEDERE |