DOUBLE - FUN
ActiveSummary
DOUBLE - FUN has been active since 1999 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €165,772 and a net result of -€1,068. Equity has been stable since 2018 (±0.5% per year). Its solvency ranks better than 56% of 1,114 sector peers (NACE 93, financial year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 02-04-1999 Normal situation
- Activity
- Sports, amusement and recreation activities NACE 93293
- Financial year end
- 31 December
- Peppol
- Reachable
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.7%
- Gross margin
- €25,047
- ▼ 7.1%
- Turnover
- ≈ €90,000
- estimated
- Loss
- €1,068
- Equity
- €165,772
- ▼ 0.6%
- Total assets
- €440,887
- ▼ 2.8%
- 2025 accounts filed 31 days after the deadline
Score breakdownraises riskLast filed accounts filed 31 days late; 1 of the last 3 accounts lateLiquidity: current ratio 0.47, cash €3,855No registered site in the KBOlowers riskSize: total assets €440,887Show the evidence
Checked score
About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 93, micro). It does better than 57% of them on solvency, 52% on liquidity, 44% on profitability and 41% on growth.
The bankruptcy probability was computed on 01-11-2026 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.
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
The company filed its last 7 accounts on average 28 days after the deadline. In the sector (NACE 93), the median for financial year 2024 was 1 day before the deadline, and 42% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, abbreviated format
2025 annual accounts filed 31 days after the deadline Filed on 31 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00460201.
Annual accounts 2025 filed on 31-08-2026 at the NBB all 27 filings
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result for 2025 is 48% lower than in 2024.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Sports, amusement and recreation activities (NACE 93). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).
Securities and guarantees
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Debts secured on the company's own assets | €73,465 | €60,307 | €47,149 | €33,991 | €20,834 |
| Mortgages, amount registered | €710,000 | €710,000 | €710,000 | €710,000 | €710,000 |
| Carrying value of the mortgaged assets | €486,221 | €469,235 | €452,249 | €435,263 | €418,277 |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €16,986 | €16,986 | €16,986 | €16,986 | €16,986 | €16,986 | €16,986 | €16,986 | = |
| Other operating charges640/8 | - | - | - | €4,786 | €4,918 | €5,358 | €5,582 | €5,754 | ▲ 3.1% |
| Gross operating margin9900 | €18,154 | €23,389 | €24,834 | €25,600 | €25,154 | €22,431 | €26,963 | €25,047 | ▼ 7.1% |
| Operating profit (loss)9901 | -€2,779 | €2,524 | €3,079 | €3,828 | €3,250 | €87 | €4,395 | €2,307 | ▼ 47.5% |
| Financial income75/76B | - | - | - | - | - | €0 | - | - | - |
| Recurring financial income75 | - | - | - | - | - | €0 | - | - | - |
| Financial charges65/66B | - | - | - | €3,404 | €3,725 | €3,752 | €3,463 | €3,375 | ▼ 2.5% |
| Recurring financial charges65 | €4,238 | €3,905 | €3,539 | €3,404 | €3,725 | €3,752 | €3,463 | €3,375 | ▼ 2.5% |
| Profit (loss) for the period before taxes9903 | -€7,017 | -€1,381 | -€460 | €424 | -€475 | -€3,665 | €932 | -€1,068 | - |
| Profit (loss) for the period9904 | -€7,017 | -€1,381 | -€460 | €424 | -€475 | -€3,665 | €932 | -€1,068 | - |
| Profit (loss) for the period to be appropriated9905 | -€7,017 | -€1,381 | -€460 | €424 | -€475 | -€3,665 | €932 | -€1,068 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €542,033 | €525,980 | €520,062 | €504,228 | €483,552 | €464,488 | €453,764 | €440,887 | ▼ 2.8% |
| Fixed assets21/28 | €537,179 | €520,193 | €503,207 | €486,221 | €469,235 | €452,249 | €435,263 | €418,277 | ▼ 3.9% |
| Tangible fixed assets22/27 | €537,179 | €520,193 | €503,207 | €486,221 | €469,235 | €452,249 | €435,263 | €418,277 | ▼ 3.9% |
| Land and buildings22 | - | - | - | €486,221 | €469,235 | €452,249 | €435,263 | €418,277 | ▼ 3.9% |
| Current assets29/58 | €4,854 | €5,787 | €16,855 | €18,006 | €14,317 | €12,239 | €18,501 | €22,609 | ▲ 22.2% |
| Amounts receivable within one year40/41 | €2,005 | €3,512 | €7,864 | €8,059 | €4,335 | €10,038 | €14,233 | €18,754 | ▲ 31.8% |
| Trade receivables40 | - | - | - | €8,059 | €4,335 | €10,038 | €14,233 | €18,754 | ▲ 31.8% |
| Cash at bank and in hand54/58 | €2,849 | €2,275 | €8,991 | €9,247 | €9,282 | €2,201 | €4,218 | €3,855 | ▼ 8.6% |
| Deferred charges and accrued income490/1 | - | - | - | €700 | €700 | - | €50 | - | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €542,033 | €525,980 | €520,062 | €504,228 | €483,552 | €464,488 | €453,764 | €440,887 | ▼ 2.8% |
| Equity10/15 | €171,465 | €170,083 | €169,624 | €170,048 | €169,573 | €165,908 | €166,840 | €165,772 | ▼ 0.6% |
| Contributions10/11 | €218,542 | €218,542 | - | €218,542 | €218,542 | €218,542 | €218,542 | €218,542 | = |
| Profit (loss) carried forward14 | -€47,077 | -€48,459 | -€48,918 | -€48,494 | -€48,969 | -€52,634 | -€51,702 | -€52,770 | ▼ 2.1% |
| Amounts payable17/49 | €370,568 | €355,897 | €350,438 | €334,179 | €313,979 | €298,579 | €286,924 | €275,114 | ▼ 4.1% |
| Amounts payable after more than one year17 | €315,313 | €302,155 | €288,997 | €275,840 | €262,682 | €249,524 | €236,366 | €223,208 | ▼ 5.6% |
| Financial debts170/4 | - | - | - | €275,840 | €262,682 | €249,524 | €236,366 | €223,208 | ▼ 5.6% |
| Amounts payable within one year42/48 | €52,940 | €51,225 | €58,928 | €55,814 | €48,798 | €45,600 | €47,094 | €48,434 | ▲ 2.8% |
| Current portion of amounts payable after more than one year42 | - | - | - | €13,158 | €13,158 | €13,158 | €13,158 | €13,158 | = |
| Trade debts44 | €1,180 | €379 | €7,628 | €2,020 | €4,614 | €2,383 | €2,221 | €3,598 | ▲ 62.0% |
| Suppliers440/4 | - | - | - | €2,020 | €4,614 | €2,383 | €2,221 | €3,598 | ▲ 62.0% |
| Advances received on contracts in progress46 | - | - | - | €1,000 | €1,000 | - | - | - | - |
| Other amounts payable47/48 | - | - | - | €39,636 | €30,026 | €30,059 | €31,715 | €31,679 | ▼ 0.1% |
| Accrued charges and deferred income492/3 | - | - | - | €2,526 | €2,499 | €3,456 | €3,464 | €3,472 | ▲ 0.2% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€7,017 | -€1,381 | -€460 | €424 | -€475 | -€3,665 | €932 | -€1,068 | - |
| + Depreciation and write-downs630 | €16,986 | €16,986 | €16,986 | €16,986 | €16,986 | €16,986 | €16,986 | €16,986 | = |
| Operating cash flow (approximation) | €9,969 | €15,605 | €16,526 | €17,410 | €16,511 | €13,321 | €17,918 | €15,918 | ▼ 11.2% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | €0 | €0 | €0 | - |
| Change in cash | - | -€574 | €6,716 | €256 | €35 | -€7,081 | €2,017 | -€363 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 12,322 companies had the same profile as DOUBLE - FUN has now. Two years later, 0.7% had gone bankrupt and 90.3% were still going.
- Micro
- 20 years or older
- solvency 30% or more
- a small loss
Another 0.5% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of DOUBLE - FUN itself: 0.7% within 12 months.
Test of the method
The method was tested on the 497,446 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 12,322 companies, not a prediction for DOUBLE - FUN. 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.
Latest 10 of 27 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 31-08-2026 | 2026-00460201 | |
| 31-12-2024 | abbreviated format | 24-08-2025 | 2025-00395931 | |
| 31-12-2023 | abbreviated format | 28-08-2024 | 2024-00384296 | |
| 31-12-2022 | abbreviated format | 24-08-2023 | 2023-00348667 | |
| 31-12-2021 | abbreviated format | 30-08-2022 | 2022-20383489 | |
| 31-12-2020 | abbreviated format | 31-08-2021 | 2021-63200066 | |
| 31-12-2019 | abbreviated format | 29-08-2020 | 2020-48700259 | |
| 31-12-2018 | abbreviated format | 25-08-2019 | 2019-50000131 | |
| 31-12-2017 | abbreviated format | 26-09-2018 | 2018-64500269 | |
| 31-12-2016 | abbreviated format | 21-09-2017 | 2017-61400527 |
Board & ownership
Directors
Owners and capital
Capital transactions
- 08-12-2023 Converted to unavailable equity · €218,542.01
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Metsu Frank |
|
| Metsu Peter |
|
Articles of association
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Deel bevoegdheid bij bijzondere volmacht aan derde aangestelde, meest uitgebreide machten voor doel en voorwerp behoudens alleen algemene…”“Bestuurder-benoeming, 45”“Derde tot bestuurder benoemd zelfs in statuten en zonder beperking duur kan te allen tijde ontslagen worden door enige aandeelhouder…”
- Liquidation ruleIn a liquidation the creditors are paid first. What is left goes to the shareholders.
- “Lasthebbers aanstellen met bijzondere en in tijd beperkte machten voor bepaalde verrichtingen, 37”
Articles of association, deed of 08-12-2023 (in Dutch)
Network & group
DOUBLE - FUN shares no director with another company.
Companies at the same address
3 other companiesConnections & network
2 current directorsThe network starts from the directors of DOUBLE - FUN. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
08-12
Gazette deed
Changes of role: Metsu Frank (director) and Metsu Peter (director)Capital conversion · Reserve release · Power of attorney15 points ▸
- General meeting, 06-12-2023
- Capital conversion, “statutair onbeschikbare eigenvermogensrekening” (deed in Dutch)
- Reserve release, “vormen en meerderheden statutenwijziging, opheffing” (deed in Dutch)
- Other provision, “heden, niet-opgevraagde inbrengen” (deed in Dutch)
- Other provision, “wettelijke reserve, niet aangelegd” (deed in Dutch)
- Other provision, “wettelijke formaliteiten, voldaan” (deed in Dutch)
- Power of attorney
- Amendment of the articles
- Capital
- Director resignation, Metsu Frank (manager)
- Director resignation, Metsu Peter (manager)
- Director appointment, Metsu Frank (director (not named in the articles))
- The act holds 3 more points.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Codes under NACEBEL 2003
11 activities
- Alle vastgoedverrichtingen,aankopen,verkopen,huren,verhuren,leasing,verzekeren,ruilen,verpachten en verkavelen,uitbaten,financieren,valoriseren en verbouwen,herstellen,hypothekeren en beheren van alle onroerende en roerende goederen,projectontwikkelingen,overnemen en overlaten,huren en verhuren van handelsfondsen,alsook het bemiddelen en het begeleiden in de meest ruime zin bij dergelijke activiteiten en in het algemeen alle vormen van rentabiliseren van onroerende goederen;
- Het beleggen van financiële middelen voor eigen rekening,waaronder onder andere het toestaan van leningen en kredietopeningen aan rechtspersonen en ondernemingen of particulieren,onder om het even welke vorm;in dit kader kan zij zich ook borg stellen of haar aval verlenen,in de meest ruime zin,alle handels- en financiële operaties verrichten behalve die wettelijk voorbehouden zijn aan depositobanken,houders van deposito's op korte termijn,spaarkassen,hypotheekmaatschappijen en kapitalisatieondernemingen;
- Het waarnemen van alle bestuursopdrachten,het uitoefenen van opdrachten en functies;
- Alle verrichtingen die rechtstreeks of onrechtstreeks betrekking hebben op alle horeca-activiteiten niets uitgezonderd noch voorbehouden;
- De uitbating van een drankgelegenheid: omvat de cafés,herbergen,tavernes en bars,omvat ook de bijkomende verkoop van tabak,sigaren,sigaretten,zichtkaarten,suikergoedwaren en belegde broodjes;
- De uitbating van een verbruikssalon: omvat de snackbars,de theesalons,de cafetaria's en de verkoop van bereide schotels om mee te nemen;de verkoop van wafels,pannenkoeken,roomijs,consumptie-ijs,dit zowel binnenshuis als buitenshuis;
- Het uitbaten van restaurants en hotels,
- Het uitbaten van amusementenhalls,
- Het uitbaten van allerhande toeristische uitbatingen;
- Het uitbaten van winkels;
- Het uitbaten van openlucht recreatieve verblijven (campings);
Invoicing and payment
Financial year and general meeting
Accounts at the NBBEnvironmental permits
Source: Omgevingsloket Vlaanderen.
Sites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 31030A0424/00A002 | Flanders | 1,117 m² | 1 · 185 m² | 8.2 m · 2 |