Sector · NACE 5510

Hotels and similar accommodation

1,832 Belgian companies whose main activity falls under NACE code 5510 have filed annual accounts. Their median solvency is 25.1% for financial year 2024.

Companies1,832
Median solvency25.1%
Median equity147,731 €
Median headcount (FTE)6.8
Founded in the last 3 years104

Sector medians

Computed by Idonis

Distribution across the sector's companies for financial year 2024: a quarter of companies sit below the 1st quartile, half below the median, three quarters below the 3rd quartile.

Indicator1st quartileMedian3rd quartileCompanies
Solvency -2.9%25.1%54.4% 1,673
Current ratio 0.250.671.48 1,662
ROE -2.4%6.7%23.5% 1,212
Equity −11,613 €147,731 €704,532 € 1,684
Total assets 314,377 €908,496 €€2.76m 1,681
Net result −29,154 €6,881 €70,299 € 1,681
Headcount (avg FTE) 2.26.816.7 1,038

Medians computed by Idonis from annual accounts filed with the National Bank, all sizes combined. The same panel is the sector benchmark on every company page. Method

Largest companies: Hotels and similar accommodation

Ranked by total assets in the latest filed accounts. This is a size criterion, not an assessment.

#Company Total assetsRevenue EquityFTEYear
1 Radisson Hospitality Belgium 1130 Brussels €1.84bn €399.5m €168.5m 227.3 2025
2 Accor Hotels Belgium 1000 Brussels €1.14bn €30.5m €925.7m 20.4 2025
3 Damier 8500 Kortrijk €209.0m €10.3m €194.7m 20.8 2025
4 Essendi Belgium 1000 Brussels €172.4m €42.0m €159.7m 278.2 2025
5 LE Nouveau Palace 1210 Saint-Josse-ten-Noode €151.8m €15.0m €14.7m 103.9 2025
6 Hôtel Astoria 1000 Brussels €128.3m €14.9m −€22.9m 179.0 2025
7 Hotel Exploitatiemaatschappij Diegem 1831 Machelen (Brab.) €118.7m €97.4m €12.7m 534.2 2025
8 Thon Belgium 1000 Brussels €88.4m €24.5m €79.4m 82.2 2025
9 ASHG Belgium 9051 Ghent €86.9m — €55.3m 12.7 2025
10 Hilton International Co (Belgium) 2000 Antwerp €79.8m €15.2m €58.5m 98.5 2025
11 Elba Leasehold 1000 Brussels €79.2m €30.1m €1.85m 150.7 2025
12 Geers P. 6840 Neufchâteau €70.5m — €7.98m — 2025
13 Floreal Holidays 1000 Brussels €68.2m €19.4m −€22.5m 201.1 2025
14 Hotel Metropole 1000 Brussels €61.9m — €46.4m 1.0 2025
15 van der Valk Hotel Beveren 9120 Beveren-Kruibeke-Zwijndrecht €56.2m €1.39m €44.7m 5.9 2025
16 Sweet Home Standing 1070 Anderlecht €55.3m — €40.0m — 2025
17 Core+ 3000 Leuven €52.1m — €7.49m 4.4 2025
18 Société de Développement hôtelier et de Gestion-Maatschappij voor Hotelontwikkeling en Beheer 1200 Woluwe-Saint-Lambert €50.9m €11.8m €44.9m 94.6 2025
19 RS Properties 6700 Arlon €43.6m — −€6.70m 3.5 2025
20 Dukes' Palace 8000 Bruges €43.1m €14.5m €20.7m 65.4 2025

“—”: not published. Small companies (micro and abridged accounts) do not have to publish their revenue.

Where are they based?

  • West Flanders362
  • Brussels-Capital323
  • Antwerp196
  • East Flanders176
  • Liège161
  • Limburg142
  • Luxembourg132
  • Flemish Brabant126
  • Hainaut104
  • Namur71
  • Walloon Brabant36

Municipalities with the most

Related sectors

← The whole Accommodation sector (NACE 55)

Frequently asked questions

How many Hotels and similar accommodation companies are there in Belgium?

1,832 Belgian companies whose main activity falls under NACE code 5510 (Hotels and similar accommodation) have filed annual accounts with the National Bank.

What is the median solvency in Hotels and similar accommodation?

For financial year 2024, median solvency (equity over total assets) is 25.1%. The middle half of companies lies between -2.9% and 54.4% (1,673 companies).

What is the largest company in Hotels and similar accommodation?

By total assets, it is Radisson Hospitality Belgium (€1.84bn, financial year 2025).

Where are Hotels and similar accommodation companies based?

The municipalities with the most: Brussels (130), Bruges (89), Antwerp (48).

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Active companies (legal entities) that have filed at least one set of annual accounts, based on the Crossroads Bank for Enterprises and the National Bank of Belgium. The sector is the main activity in the register; the municipality is that of the registered office. Data updated on 11 Nov 2026.