Equity
-€10.3m
Debts exceed assets in financial year 2025.
SUNPARKS LEISURE
Lifetime
5 annual accounts with figures on one time axis, 38 filings since 1988peak €58.6m (2024)
€58.4m▼ 0.5%
lowest -€3.4m (2024)
-€3.2m▲ €190,781
peak €2.9m (2007)
-€10.3m▲ €53.2m
€29.6m▼ 62.5%
peak 296.7 FTE (2025)
296.7 FTE▲ 1.7%
Board7 names since 2018
2 directorsOlivier Patrick Garaïalde and 1 other
Owners3 names in the annual accounts
100%CP Holding SAS and 1 other
Documentsfilings and deeds
25-03-202636 days before the deadline
2025financial year
Loss of €3.2mResignation: Erwin Dezeure (director) 02-10Capital increase of €56,397,016.36 to €62,594,354.48 19-06Reappointment: EY Bedrijfsrevisoren BV (statutory auditor) 22-05nieuwe enige aandeelhouder holds all the shares 22-05Equity from -€63.5m to -€10.3m
Key points
from the 2025 annual accountsLosses
-€8.6m in three years
Every financial year from 2023 to 2025 closed with a loss. 2024 was the heaviest.
Debts
€29.6m 152% of the balance sheet
Suppliers 51%Taxes and wages 16%Other 33%
Of this, €19.9m falls due within a year.
Liquidity
0.54 was 0.11 in 2024
Short-term debts fell from €69.9m to €19.9m.
Filings
38 annual accounts since 1988
The last five annual accounts were filed 5 to 39 days before the end of the period.
Position in the sector
-€3.2m
Lower net result than 95% of companies in accommodation. Sector median €10,455 · 518 companies.
Equity +84%: capital increase
Checked score
46
Fair
Financially stronger than 21% of all companies
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
4.2% Elevated
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.4% across 8 companies (NACE 55, large).
About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 3.7%lowest value
01-2025: 3.7%● unchanged vs 12-2024
02-2025: 3.7%● unchanged vs 01-2025
03-2025: 3.7%● unchanged vs 02-2025
04-2025: 3.8%▲ +0.1 percentage points vs 03-2025
05-2025: 5.0%▲ +1.2 percentage points vs 04-2025
06-2025: 5.0%● unchanged vs 05-2025
07-2025: 5.0%● unchanged vs 06-2025
08-2025: 5.0%● unchanged vs 07-2025
09-2025: 5.0%● unchanged vs 08-2025
10-2025: 5.0%● unchanged vs 09-2025
11-2025: 5.0%● unchanged vs 10-2025
12-2025: 5.0%● unchanged vs 11-2025
01-2026: 5.1%▲ +0.1 percentage points vs 12-2025
02-2026: 5.1%● unchanged vs 01-2026
03-2026: 5.1%● unchanged vs 02-2026highest value
04-2026: 4.2%▼ -0.9 percentage points vs 03-2026
05-2026: 4.2%● unchanged vs 04-2026
06-2026: 4.2%● unchanged vs 05-2026
07-2026: 4.2%● unchanged vs 06-2026
08-2026: 4.2%● unchanged vs 07-2026
09-2026: 4.2%● unchanged vs 08-2026
10-2026: 4.2%● unchanged vs 09-2026
11-2026: 4.2%● unchanged vs 10-2026
Financial strengthWeak
Score breakdown
raises risk
Negative equity -€10.3m
Loss of €3.2m, the second in a row (financial year 2025)
Liquidity: current ratio 0.54, cash €617,061
Size: turnover €58.4m, 296.7 FTE, total assets €19.4m
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 (all companies). It does better than 3% of them on solvency, 4% on liquidity, 11% on profitability and 67% on growth.
The bankruptcy probability was computed on 08-11-2026 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.
The probability rests on the annual accounts with balance sheet date 30-09-2025.
Of the companies with a bankruptcy probability in the elevated class on 30-06-2025, 6.3% went bankrupt within twelve months.
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).
Comparable companies, two years later
In July 2024, 7,425 companies had the same profile as SUNPARKS LEISURE has now. Each dot stands for 19 companies, two years later.
84.4%
were still trading
9.6%
stopped another way
4.8%
went bankrupt
Another 1.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of SUNPARKS LEISURE itself: 4.2% within 12 months.
Test of the method
The method was tested on the 497,447 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 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 7,425 companies, not a prediction for SUNPARKS LEISURE. 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
No credit on open account
Liquidity is insufficient, with a current ratio of 0.54 (0.11 in 2024), below 1. Short-term debt is 102.5% and cash 3.2% of total assets. Equity is negative.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
raises riskneutral
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
232425
2023 to 2025 · latest year -€10.3m
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 25-03-2026, 36 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
36 days early
2024
34 days early
2023
39 days early
2022
33 days early
2021
5 days early
2020
44 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 32 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 financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today. The company usually files around 27 March (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-09-2026 year end09-11-2026 today30-04-2027 deadline
Board and ownership
- CP Holding SAS 100%annual accounts 30-09-2025
- Pierre et Vacances SA consolidatesannual accounts 30-09-2025
Recent changes
Environmental permit granted
Bouwen of herbouwen · Koksijde
Environmental permit granted
Nieuwbouw van bijgebouwen en niet overdekte lage constructie, Nieuwbouw van bijgebouwen, niet-overdekte lage constructies en andere handelingen · Provincie West-Vlaanderen
Environmental permit granted
Slopen van niet vrijstaande gebouwen of constructies · Koksijde
Resignation: Erwin Dezeure (director)
Appointment: Inge Zwaagman (director) · General meeting of 18-09-2025 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| SUNPARKS LEISURE De Haan | €58.4m | -2.1% | -53.2% | 296.7 |
| Center Parcs Ardennen De Haan | €21.8m | -8.1% | -251.9% | 140.4 |
| CPSP België Mol | €114.0m | 2.9% | -9.1% | 644.8 |
| VZW TER HELME Koksijde | - | - | 63.9% | - |
| VAKANTIEPARK BELGIE 2 Brussels | €9.9m | 76.7% | 47.8% | - |
| VAYAMUNDO HOUFFALIZE Houffalize | €10.2m | 2.2% | 75.1% | 57.4 |
| VAKANTIEPARK BELGIE 1 Brussels | €11.2m | 74.8% | 48.5% | - |
Grey: the largest companies of the sector (accommodation (NACE 55)), without their names. Blue: the sector peers from the table.
These companies have the same main activity as SUNPARKS LEISURE: accommodation (NACE 55202). They are comparable in size and age: total assets between €4.8m and €156m, founded between 1961 and 1988.
Official details
Source: KBO- Status
- Active since 23-06-1987Normal situation
- Activity
- AccommodationNACE 55202and 3 others
- Establishment units
- 2.176.523.6128670 Koksijde, since 10-08-2007
- 2.176.523.7118420 De Haan, since 10-08-2007
- Financial year end
- 30 September
- Peppol
- Reachable
Annual accounts to 30-09-2025
- €19.4m▲ 26.0%
- Employeeson 30-09-2025
- 350▲ 7.4%
- Filing
- Filed on 25-03-2026, 36 days before the end of the filing period
Insights on SUNPARKS LEISURE
SUNPARKS LEISURE has existed since 1987. In 2007 turnover rose from €6.1m to €13.2m and staff from 42.4 to 199 full-time equivalents. On 10 August 2007 two sites were added.
Solvency rose in 2025 from -412.1% to -53.2% because of a capital increase and lower debts.
CP Holding SAS holds all the shares.
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 SUNPARKS LEISURE
- What is the company number of SUNPARKS LEISURE?
- The company number of SUNPARKS LEISURE is 0431.404.530. The VAT number is the same number with BE in front: BE 0431.404.530.
- Where is SUNPARKS LEISURE based?
- The registered office is at Wenduinesteenweg 150, 8420 De Haan.Company details
- What does SUNPARKS LEISURE do?
- According to the KBO register, the main activity is accommodation (NACE 55202).
- What is the legal form of SUNPARKS LEISURE?
- SUNPARKS LEISURE is a public limited company (NV).
- When was SUNPARKS LEISURE founded?
- SUNPARKS LEISURE was founded on 23-06-1987.
- Is SUNPARKS LEISURE still active?
- Yes, SUNPARKS LEISURE is an active enterprise in the KBO register.
- How many employees does SUNPARKS LEISURE have?
- SUNPARKS LEISURE had an average of 296.7 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- What is the turnover of SUNPARKS LEISURE?
- The turnover of SUNPARKS LEISURE was €58.4m in financial year 2025, according to the filed annual accounts.
- Is SUNPARKS LEISURE profitable?
- In financial year 2025, SUNPARKS LEISURE made a loss of €3.2m.
- Where can I find the annual accounts of SUNPARKS LEISURE?
- SUNPARKS LEISURE filed 38 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of SUNPARKS LEISURE due?
- SUNPARKS LEISURE must file the annual accounts for financial year 2026 by 30-04-2027.Timeline
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