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HOTEL METROPOLE

Active
Limited partnershipfounded 1968active for 58 yearsDe Brouckereplein 31, 1000 Brussel, BelgiumKBO/BCE: BE 0402.873.860

From the official registers: KBO 49 annual accounts at the National Bank publications in the Belgian Official Gazette

Summary

The annual accounts of HOTEL METROPOLE for financial year 2025 show a net loss of 121% of the equity at the start of that year. The 2025 annual accounts show equity of €46.4m and a net result of -€4.6m. Equity has been stable since 2018 (±1.6% per year). Its solvency ranks better than 82% of 516 sector peers (NACE 55, financial year 2025). The company has been active since 1968 and the Belgian Official Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.1% (very low).

Overview

Official details

KBO
Status
Active Normal situation
Activity
Hotels and similar accommodation NACE 55100
Establishment unit
2.002.851.050 1000 Brussel, since 01-05-1922
Financial year end
31 December
Peppol
Reachable since 05-02-2026

Board and ownership

Board
  • Sébastien VanhaerenDaily manager
  • LSVAF2 Cosmopolitan Management SRLManager · since 22-12-2022 · permanent representative Denis Baudillon
Shareholders

Financial position

57 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
0.1%
Annual accounts 2025
Gross margin
-€2.5m
▼ 54.7%
Loss
€4.6m
▲ 67.9%
Equity
€46.4m
▲ 12×
Total assets
€61.9m
▲ 289%
Staff
1 FTE
=
Equity +1,124%: capital increase
Filed on 20-07-2026, 11 days before the deadlineat the National Bank
Score breakdownraises riskCapped at 59: a net loss of at least half of total assets or of the equity at the start of the financial yearLoss of €4.6m, the second in a row (financial year 2025)Liquidity: current ratio 1.39, cash €2.1mlowers riskSize: 1 FTE, total assets €61.9mFounded in 1968Show the evidence

Checked score

Score 2025
57 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially stronger than 69% of micro companies in accommodation (NACE 55)
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59. Every signal that counts is listed under Signals.
Financial strength · tick: 2024
Average
Solvency 100+51
equity 75.0% of total assets
Liquidity 54-20
short-term debt 4.1% · cash 3.4%
Profitability 9+9
return on assets -7.4%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.6% (2,520 companies, NACE 55, micro)
Last 24 months 11-2024: 0.1% 12-2024: 0.1%● unchanged vs 11-2024 01-2025: 0.1%● unchanged vs 12-2024 02-2025: 0.1%● unchanged vs 01-2025 03-2025: 0.1%● unchanged vs 02-2025 04-2025: 0.1%● unchanged vs 03-2025 05-2025: 0.1%● unchanged vs 04-2025 06-2025: 0.1%● unchanged vs 05-2025 07-2025: 0.1%● unchanged vs 06-2025 08-2025: 0.1%● unchanged vs 07-2025 09-2025: 0.1%● unchanged vs 08-2025 10-2025: 0.1%● unchanged vs 09-2025 11-2025: 0.1%● unchanged vs 10-2025 12-2025: 0.1%● unchanged vs 11-2025 01-2026: 0.1%● unchanged vs 12-2025 02-2026: 0.1%● unchanged vs 01-2026 03-2026: 0.1%● unchanged vs 02-2026 04-2026: 0.2%▲ +0.1 percentage points vs 03-2026 05-2026: 0.2%● unchanged vs 04-2026 06-2026: 0.2%● unchanged vs 05-2026 07-2026: 0.2%● unchanged vs 06-2026highest value 08-2026: 0.1%▼ -0.1 percentage points vs 07-2026lowest value 09-2026: 0.1%● unchanged vs 08-2026lowest value 10-2026: 0.1%● unchanged vs 09-2026lowest value
Credit of up to €2,600,000 on 30-day terms, only on tighter conditions
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity is tight, with a current ratio of 1.39 (4.08 in 2024), below the usual 1.5. Short-term debt is 4.1% and cash 3.4% of total assets. 25% of the assets are financed with debt and provisions.
Calculation

The band follows from the bankruptcy probability. 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, micro). It does better than 93% of them on solvency, 67% on liquidity, 15% on profitability and 99% on growth.

The bankruptcy probability was computed on 31-10-2026 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. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Six signals.
lowers riskraises riskneutral
lowers risk · Size: 1 FTE, total assets €61.9m
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
lowers risk · Founded in 1968
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
raises risk · Loss of €4.6m, the second in a row (financial year 2025)
NBB · annual accounts
raises risk · Liquidity: current ratio 1.39, cash €2.1m
NBB · annual accounts
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025
Equity per financial year
1819202122232425
2018 to 2025 · latest year €46.4m
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 20-07-2026, 11 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
11 days early
2024
30 days early
2023
30 days late
2022
21 days early
2021
3 days early
2020
86 days early
2019
73 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 7 days before the deadline. In the sector (NACE 55), the median for financial year 2024 was 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 20 July (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
01-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Risk: 3 loss-making years in a rowloss in financial year 2025 -€4.6m View
  • Positive: Equity rose in 2025capital increase ▲ 12× View
  • Caution: Lower net result than 95% of companies in accommodationsector median €10,652 · 516 companies -€4.6m View

Comparable companies

These companies have the same main activity as HOTEL METROPOLE: hotels and similar accommodation (NACE 55100). They are comparable in size and age: total assets between €7.2m and €39m, founded between 1987 and 2009.

CompanyTotal assetsGross margin
HOTEL METROPOLE Brussel€61.9m-€2.5m
LIMEINVEST Ottignies-Louvain-la-Neuve€18.0m-€0.07m
IMMOBILIERE DU CHATEAU DE MIRWART Saint-Hubert€15.3m-€0.1m
SOCIETE HOTELIERE DU WILTCHER'S Brussel€38.9m-
PARNASSE SQUARE INVEST Elsene€22.1m-
TAFELROND Leuven€7.2m-€0.4m
WATERLOO HOTEL Charleroi€15.3m-
Full comparison

Documents

Annual accounts at the NBB

All 49 annual accounts

Acts in the Belgian Official Gazette

All publications in the Belgian Official Gazette

Articles and registers

Key facts about HOTEL METROPOLE

What is the company number of HOTEL METROPOLE?
The company number of HOTEL METROPOLE is 0402.873.860. The VAT number is the same number with BE in front: BE 0402.873.860.
Where is HOTEL METROPOLE based?
The registered office is at De Brouckereplein 31, 1000 Brussel.Company details
What does HOTEL METROPOLE do?
According to the KBO register, the main activity is hotels and similar accommodation (NACE 55100).
What is the legal form of HOTEL METROPOLE?
The legal form of HOTEL METROPOLE is Limited partnership (CommV).
When was HOTEL METROPOLE founded?
HOTEL METROPOLE was founded on 01-01-1968.
Is HOTEL METROPOLE still active?
Yes, HOTEL METROPOLE is an active enterprise in the KBO register.
How many employees does HOTEL METROPOLE have?
HOTEL METROPOLE had an average of 1 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of HOTEL METROPOLE?
The annual accounts for financial year 2025 state no turnover. In financial year 2022 turnover was €3.2m.
Is HOTEL METROPOLE profitable?
In financial year 2025, HOTEL METROPOLE made a loss of €4.6m.
Where can I find the annual accounts of HOTEL METROPOLE?
HOTEL METROPOLE filed 49 annual accounts with the National Bank of Belgium, the latest for financial year 2025.Annual accounts at the National Bank
When are the next annual accounts of HOTEL METROPOLE due?
HOTEL METROPOLE must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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