HOTEL SPA RESORT
ActiveFrom the official registers: KBO 31 annual accounts at the National Bank publications in the Belgian Official Gazette
Summary
HOTEL SPA RESORT has been active since 1993 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €5.0m and a net result of €710,642. Equity has been shrinking by about 5.7% per year since 2018. Its solvency ranks better than 50% of 516 sector peers (NACE 55, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
Official details
KBO- Status
- Active since 24-12-1993 Normal situation
- Legal form
- Public limited company
- Registered office
- Place Royale 39, 4900 Spa
- Activity
- Hotels and similar accommodation NACE 55100and 1 other
- Establishment unit
- 2.066.110.985 4900 Spa, since 28-03-1994
- Financial year end
- 31 December
- Peppol
- Reachable since 14-11-2025
Board and ownership
Board
- MAS INVESTDirector · since 22-11-2023 · permanent representative WOHRMANN Marco
- Auditor
- KPMG Réviseurs d'Entreprises SCRL civile
Shareholders
- MAS INVESTconsolidatesannual accounts 2023
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.1%
Annual accounts 2025
- Gross margin
- €4.8m
- ▲ 25.7%
- Turnover
- ≈ €8.3m
- estimated
- Profit
- €710,642
- ▲ 168%
- Equity
- €5.0m
- ▲ 16.4%
- Total assets
- €14.4m
- ▲ 36.6%
- Staff
- 49.9 FTE
- ▲ 4.6%
2025 accounts filed 25 days after the deadline
Filed on 25-08-2026at the National Bank
Score breakdownraises riskLiquidity: current ratio 1.81, cash €807,168lowers riskFounded in 1993Profit of €710,642 (financial year 2025)Size: 49.9 FTE, total assets €14.4mShow the evidence
Checked score
Score 2025
96
/ 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 68% of small companies in accommodation (NACE 55)
Financial strength · tick: 2024
Strong
Solvency
59-6
equity 34.5% of total assets
Liquidity
56-1
short-term debt 12.1% · cash 5.6%
Profitability
70+16
return on assets 4.9%
Bankruptcy probability within 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
11-2024: 0.2%
12-2024: 0.2%● unchanged vs 11-2024
01-2025: 0.2%● unchanged vs 12-2024
02-2025: 0.2%● unchanged vs 01-2025
03-2025: 0.2%● unchanged vs 02-2025
04-2025: 0.2%● unchanged vs 03-2025
05-2025: 0.3%▲ +0.1 percentage points vs 04-2025
06-2025: 0.3%● unchanged vs 05-2025
07-2025: 0.3%● unchanged vs 06-2025
08-2025: 0.6%▲ +0.3 percentage points vs 07-2025highest value
09-2025: 0.3%▼ -0.3 percentage points vs 08-2025
10-2025: 0.3%● unchanged vs 09-2025
11-2025: 0.3%● unchanged vs 10-2025
12-2025: 0.2%▼ -0.1 percentage points vs 11-2025
01-2026: 0.2%● unchanged vs 12-2025
02-2026: 0.2%● unchanged vs 01-2026
03-2026: 0.2%● unchanged vs 02-2026
04-2026: 0.2%● unchanged 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 06-2026
08-2026: 0.5%▲ +0.3 percentage points vs 07-2026
09-2026: 0.1%▼ -0.4 percentage points vs 08-2026lowest value
10-2026: 0.1%● unchanged vs 09-2026lowest value
Credit of up to €470,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.81 (2.07 in 2024), above the usual 1.5. Short-term debt is 12.1% and cash 5.6% of total assets. However, 65.5% 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, small). It does better than 56% of them on solvency, 75% on liquidity, 66% on profitability and 77% 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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Signals
Six signals.
lowers riskraises risk
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 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €5.0m
raises risk · 2025 accounts filed 25 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-08-2026, 25 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
25 days late
2024
on the day
2023
6 days late
2022
32 days early
2021
47 days early
2020
39 days early
2019
31 days early
← 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 17 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 31 July (4 of the last 5 filed years within 32 days of that day).
Companies Code · seven monthsWhere today falls in the filing period
01-11-2026 today31-12-2026 year end31-07-2027 deadline
Key points
Documents
Annual accounts at the NBB
- Annual accounts 2025filed on 25-08-2026
- Annual accounts 2024filed on 31-07-2025
- Annual accounts 2023filed on 06-08-2024
- Annual accounts 2022filed on 29-06-2023
Acts in the Belgian Official Gazette
- Resignations & appointmentsact of 15-10-2024
- Registered office · Capital & shares · Purpose · Resignations & appointmentsact of 28-11-2023
- Resignations & appointmentsact of 05-07-2023
- Capital & sharesact of 07-10-2022
Articles and registers
- Coordinated articles of associationnotaries' database
- Entry in the KBO registerKBO Public Search
Key facts about HOTEL SPA RESORT
- What is the company number of HOTEL SPA RESORT?
- The company number of HOTEL SPA RESORT is 0451.873.510. The VAT number is the same number with BE in front: BE 0451.873.510.
- Where is HOTEL SPA RESORT based?
- The registered office is at Place Royale 39, 4900 Spa.Company details
- What does HOTEL SPA RESORT do?
- According to the KBO register, the main activity is hotels and similar accommodation (NACE 55100).
- What is the legal form of HOTEL SPA RESORT?
- The legal form of HOTEL SPA RESORT is Public limited company (NV).
- When was HOTEL SPA RESORT founded?
- HOTEL SPA RESORT was founded on 24-12-1993.
- Is HOTEL SPA RESORT still active?
- Yes, HOTEL SPA RESORT is an active enterprise in the KBO register.
- How many employees does HOTEL SPA RESORT have?
- HOTEL SPA RESORT had an average of 49.9 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of HOTEL SPA RESORT?
- The turnover in financial year 2025 is ≈ €8.3m. This figure is estimated from the gross margin of €4.8m and 1,586 comparable companies of the same size. It probably lies between €5.6m and €14.0m. It is a rough estimate. In financial year 2023 turnover was €5.8m.
- Is HOTEL SPA RESORT profitable?
- In financial year 2025, HOTEL SPA RESORT made a profit of €710,642.
- Where can I find the annual accounts of HOTEL SPA RESORT?
- HOTEL SPA RESORT filed 31 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 SPA RESORT due?
- HOTEL SPA RESORT must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Companies linked to HOTEL SPA RESORT
Comparable companies
These companies have the same main activity as HOTEL SPA RESORT: hotels and similar accommodation (NACE 55100). They are comparable in size and age: total assets between €7.7m and €15m, founded between 1995 and 2006.
| Company | Total assets | Gross margin |
|---|---|---|
| HOTEL SPA RESORT Spa | €14.4m | €4.8m |
| Auberge de Rochehaut Bouillon | €14.0m | €4.1m |
| CONTINENTAL STAY Evere | €12.2m | €2.9m |
| GRAND HOTEL CASSELBERGH Oostkamp | €13.1m | €4.8m |
| HOTEL RESTAURANT VERVIERS Verviers | €15.2m | €4.5m |
| HOTEL BUTGENBACHER HOF Bütgenbach | €7.7m | €3.1m |
| HOTEL RESTAURANT CHARLEROI AIRPORT Charleroi | €9.5m | €5.9m |
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