FIRST EUROFLAT HOTEL
ActiveFIRST EUROFLAT HOTEL has been active since 1982 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €2.07M and a net result of €255k. Equity is growing by ~5.1% per year across the filed fiscal years. Its solvency ranks better than 77% of 493 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2024
76
/ 100
Excellent▲ +8 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability62▼-7
Solvency70▲+3
Growth78=
Stability100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €160k at 30 days acceptable
Liquidity short (current ratio 0.77 against 0.64 in 2023), and 45% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
55%
Return on assets
6.8%
Age of the figures
20 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 55
Relative position
BE, all sectors
reference
Sector 55
higher
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
29 d late
2023
43 d late
2022
24 d late
2021
30 d late
2020
27 d late
2019
89 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€255k▲ 0.6%
2023 · €254k
2018: €133k
2019: €119k
2020: €-402k
2021: €-161k
2022: €369k
2023: €254k
2018 → 2024
Working capital
€-201k▲ 18.6%
2023 · €-246k
2018: €137k
2019: €59k
2020: €391k
2021: €167k
2022: €-158k
2023: €-246k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€1.39M-€1.22M▼ 11.9%€1.58M▲ 29.6%€1.83M▲ 15.5%€2.07M▲ 13.5%
Operating result€-405k-€-152k▲ 62.6%€372k€248k▼ 33.2%€262k▲ 5.6%
Net result€-402k-€-161k▲ 60.0%€369k€254k▼ 31.2%€255k▲ 0.6%
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 6% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €3.77M
Fixed assets
€3.10M▲ 6.1%
Current assets
€671k▲ 49.8%
Equity and liabilities €3.77M
Equity
€2.07M▲ 13.5%
Debt
€1.70M▲ 9.9%
The debt ratio falls from 45.8% to 45.0%: equity grows faster than debt.
Key figures and ratios
EBITDA
€421k▲
2023 · €394k
Cash flow
€413k▲
2023 · €399k
Solvency
55.0%▲
2023 · 54.2%
Current ratio
0.77▲
2023 · 0.64
Quick ratio
0.76▲
2023 · 0.63
Debt / equity
0.82▼
2023 · 0.85
ROE
12.3%▼
2023 · 13.9%
ROA
6.8%▼
2023 · 7.5%
Interest coverage
14.03▼
2023 · 15.31
Debt
€1.70M▲
2023 · €1.54M
Debt ≤ 1 year
€871k▲
2023 · €694k
Debt > 1 year
€827k▼
2023 · €851k
Staff costs
€1.16M▲
2023 · €1.07M
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€3.37M€3.77M▲
Fixed assets21/28€2.93M€3.10M▲
Tangible fixed assets22/27€2.24M€2.35M▲
Land and buildings22€2.03M€2.14M▲
Plant, machinery and equipment23€211k€189k▼
Furniture and vehicles24€6k€30k▲
Financial fixed assets28€680k€748k▲
Current assets29/58€448k€671k▲
Stocks and contracts in progress3€10k€11k▲
Stocks30/36€10k€11k▲
Amounts receivable within one year40/41€108k€140k▲
Trade receivables40€91k€114k▲
Other amounts receivable41€17k€26k▲
Current investments50/53€251k€282k▲
Cash at bank and in hand54/58€60k€227k▲
Deferred charges and accrued income490/1€19k€11k▼
Equity and liabilities
Total equity and liabilities10/49€3.37M€3.77M▲
Equity10/15€1.83M€2.07M▲
Contributions10/11€1.19M€1.19M=
Capital10€1.19M€1.19M=
Issued capital100€1.19M€1.19M=
Reserves13€13k€13k=
Non-distributable reserves130/1€13k€13k=
Legal reserve130€13k€13k=
Profit (loss) carried forward14€571k€826k▲
Investment grants15€54k€46k▼
Amounts payable17/49€1.54M€1.70M▲
Amounts payable after more than one year17€851k€827k▼
Financial debts170/4€851k€827k▼
Amounts payable within one year42/48€694k€871k▲
Current portion of amounts payable after more than one year42€168k€211k▲
Trade debts44€295k€301k▲
Suppliers440/4€295k€269k▼
Bills of exchange payable441-€32k
Taxes, remuneration and social security45€229k€357k▲
Taxes450/3€128k€184k▲
Remuneration and social security454/9€101k€173k▲
Other amounts payable47/48€2k€2k=
Income statement
Code20232024
Non-recurring operating income76A-€2
Goods, raw materials, services and sundry goods60/61-€1.71M
Remuneration, social security and pensions62€1.07M€1.16M▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€145k€158k▲
Other operating charges640/8€198k€191k▼
Non-recurring operating charges66A-€189
Gross operating margin9900€1.66M€1.77M▲
Operating profit (loss)9901€248k€262k▲
Financial income75/76B€29k€23k▼
Recurring financial income75€29k€23k▼
Financial charges65/66B€26k€30k▲
Recurring financial charges65€26k€30k▲
Profit (loss) for the period before taxes9903€252k€255k▲
Income taxes67/77€-2k-
Profit (loss) for the period9904€254k€255k▲
Profit (loss) for the period to be appropriated9905€254k€255k▲
Appropriation of the result
Profit (loss) to be appropriated9906€571k€826k▲
Profit (loss) brought forward from the previous period14P€317k€571k▲
Social balance
Average headcount (FTE)9087107,181.520.3▼
The notes to these accounts (11 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 29 days late
2024
31-12
Financial
Equity above €2MEq €2.07M ▲13.5%
3 profitable years in a row build equity to €2.07M.
12-09
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 43 days late
2023
24-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 24 days late
2022
31-12
Financial
Back to profitnet €369k
Net result €369k after 2 loss-making years.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 30 days late
2021
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 27 days late
2020
31-12
Financial
Weakest financial yearnet €-402k ▼439%
Net result drops to €-402k, the lowest in the series; recovery starts the following year.
28-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 89 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 29 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 31 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 31 days late
2016
29-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
no sitting director, no change since 2018
We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.
06-02-2018
DECLERCQ Jacqueline: Resigned as Director
01-04-2017
MESSOD Ellouk: Resigned as Daily management
Location & real-estate footprint
Registered office, Brussel · 1 establishment unit since 1982
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Karel de Grotelaan 50-521000 BrusselGround area
1,298 m²
Building footprint
744 m²
Volume, LiDAR
19,589 m³
Parcel 21806F0277/00C005, Brussels · tallest building 29.5 m, ±9 floors. Linked by address, not a title deed.
1 establishment unit
Karel de Grotelaan 50 5, 1000 Brussel
since 19822.102.366.914
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21806F0277/00C005 | Brussels | 1,298 m² | 1 · 744 m² | 29.5 m · 9 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteBrussel2.102.366.914
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IMMO HOTEL STEPHANIE
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Machelen (Brab.) · Eq €2.05M
Of 2,384 companies in sector 55100 we hold annual accounts for 1,507. 783 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded19-10-1982
Fiscal year end31-12
Activities, NACEBEL
55100Hotels and similar accommodation
55101Hotels
52210Service activities incidental to land transportation
55522
56210Event catering
63210
Sources
Crossroads Bank for EnterprisesNational Bank · 42 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.