Equity
-€393,819
Debts exceed assets in financial year 2025.
RUSSEL
Lifetime
20 annual accounts with figures on one time axis, 29 filings since 1997peak €700,712 (2022)
€180,125▼ 13.2%
lowest -€782,657 (2010)
-€250,453▲ €50,381
peak €1.8m (2011)
-€393,819▼ €250,453
€6.5m▲ 3.3%
peak 2.4 FTE (2008)
-not published
Board2 names since 2018
2 directors and 1 other
Documentsfilings and deeds
17-08-202617 days late
2025abbreviated format
Gross margin from €207,520 to €180,125Loss of €250,453Reappointments: (managing director) and (director) 21-03Equity from -€143,366 to -€393,819Cash from €13,097 to €49,466
Key points
from the 2025 annual accountsLosses
-€662,776 in three years
Every financial year from 2023 to 2025 closed with a loss. 2024 was the heaviest.
Debts
€6.5m 104% of the balance sheet
Financial debts 22%Suppliers 1%Taxes and wages 0%Other 77%
Of this, €914,493 falls due within a year.
Filings
29 annual accounts since 1997
Eight of the last ten came late. The 2020 accounts came latest: 89 days after the end of the period.
At the same address
396 companies
Position in the sector
-€393,819
Less equity than 90% of companies in accommodation. Sector median €337,351 · 994 companies.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 140 companies had the same profile as RUSSEL has now. Each dot is one company, two years later.
95.7%
were still trading
2.1%
stopped another way
2.1%
went bankrupt
Test of the method
The method was tested on the 497,762 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 140 companies, not a prediction for RUSSEL. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0457639466
Reappointments: (managing director) and (director)
General meeting of 24-02-2025 · Gazette deed
Environmental permit granted
Bouwen of herbouwen, Verwijderen van vrijstaande gebouwen · Tielt
Environmental permit granted
Bouwen of herbouwen, Verwijderen van vrijstaande gebouwen · Tielt
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| RUSSEL Ixelles | €6.3m | €180,125 | -6.3% | - |
| HOTEL VILLA ROYALE RESORT Saint-Josse-ten-Noode | €7.2m | €247,400 | 82.9% | - |
| HOTEL QUEEN ANNE Brussels | €6.2m | €300,203 | 25.2% | 7.1 |
| CINQ - INVEST Brussels | €6.6m | €373,147 | -19.2% | 7.5 |
| BESSENVELD 3 Brussels | €5.1m | €385,838 | -16.6% | - |
| HORIZON V.D.M. Evere | €3.1m | €177,444 | 95.9% | - |
| charlhot Brussels | €6.8m | €341,385 | -16.5% | - |
These companies have the same main activity as RUSSEL: hotels and similar accommodation (NACE 55100). They are comparable in size and age: total assets between €3.1m and €7.2m, founded between 1990 and 2005.
Official details
Source: KBO- Status
- Active since 29-03-1996Normal situation
- Registered office
- 397 active companies are registered at this address29 started in the 12 months before. Source: KBO register, as of 13 November 2026.
- Activity
- Hotels and similar accommodationNACE 55100and 5 others
- Establishment unit
- 2.077.210.3591050 Ixelles, since 04-07-1996
- Financial year end
- 31 December
- Peppol
- Reachable since 08-12-2025
Insights on RUSSEL
RUSSEL files the abbreviated format. That format states no turnover. The gross margin fell from €444,541 in 2006 to €180,125 in 2025.
The balance sheet grew most from 2008 to 2010 through fixed assets, financed with long-term debt.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about RUSSEL
- What is the company number of RUSSEL?
- The company number of RUSSEL is 0457.639.466. The VAT number is the same number with BE in front: BE 0457.639.466.
- Where is RUSSEL based?
- The registered office is at Marsveldplein 5, 1050 Ixelles.Company details
- What does RUSSEL do?
- According to the KBO register, the main activity is hotels and similar accommodation (NACE 55100).
- What is the legal form of RUSSEL?
- RUSSEL is a public limited company (NV).
- When was RUSSEL founded?
- RUSSEL was founded on 29-03-1996.
- Is RUSSEL still active?
- Yes, RUSSEL is an active enterprise in the KBO register.
- What is the turnover of RUSSEL?
- The turnover in financial year 2025 is ≈ €460,000. This figure is estimated from the gross margin of €180,125 and 1,653 comparable companies of the same size. It probably lies between €280,000 and €860,000. It is a rough estimate.Financials
- Is RUSSEL profitable?
- In financial year 2025, RUSSEL made a loss of €250,453.
- Where can I find the annual accounts of RUSSEL?
- RUSSEL filed 29 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of RUSSEL due?
- RUSSEL must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark See what changed in the latest annual accounts.What changed
See how customers, suppliers and banks see your own company and what to improve first.