Free - Time
Open bankruptcyFinancials · fiscal year 2025, abbreviated schema
Equity
-€78,546
2023 · €36,710
Total assets
€245,242▼ 24.0%
2023 · €322,555
Net result
-€44,875▲ 35.4%
2023 · -€69,504
Working capital
-€2,756
2023 · €69,868
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 93, Sports, amusement and recreation activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232025
Operating result€110,435€5,471▼ 95.0%-€31,003-€67,262▼ 117%-€42,757-
Net result€110,491above the sector's middle half€4,790within the sector's middle half▼ 95.7%-€33,566below the sector's middle half-€69,504below the sector's middle half▼ 107%-€44,875below the sector's middle half-
Equity€134,990within the sector's middle half▲ 451%€139,780within the sector's middle half▲ 3.5%€106,213within the sector's middle half▼ 24.0%€36,710within the sector's middle half▼ 65.4%-€78,546below the sector's middle half-
Total assets€454,755within the sector's middle half▲ 35.9%€382,971within the sector's middle half▼ 15.8%€398,340within the sector's middle half▲ 4.0%€322,555below the sector's middle half▼ 19.0%€245,242within the sector's middle half-
Debt€319,765▲ 3.1%€243,191▼ 23.9%€292,126▲ 20.1%€285,845▼ 2.2%€323,788-
Working capital€211,503within the sector's middle half▲ 42.0%€173,441within the sector's middle half▼ 18.0%€160,172within the sector's middle half▼ 7.7%€69,868within the sector's middle half▼ 56.4%-€2,756within the sector's middle half-
Solvency29.7%within the sector's middle half▲ 22.4pp36.5%within the sector's middle half▲ 6.8pp26.7%within the sector's middle half▼ 9.8pp11.4%within the sector's middle half▼ 15.3pp-32.0%below the sector's middle half-
Current ratio1.96within the sector's middle half▲ 0.112.24within the sector's middle half▲ 0.282.03within the sector's middle half▼ 0.221.48within the sector's middle half▼ 0.550.99within the sector's middle half-
Return on assets (ROA)24.3%above the sector's middle half▲ 52.5pp1.3%within the sector's middle half▼ 23.0pp-8.4%below the sector's middle half▼ 9.7pp-21.5%below the sector's middle half▼ 13.1pp-18.3%below the sector's middle half-
Staff (FTE)10.1within the sector's middle half=11within the sector's middle half▲ 8.9%13.5above the sector's middle half▲ 22.7%9.7within the sector's middle half▼ 28.1%7.8within the sector's middle half-
above
within
below
the middle half (P25 to P75) of NACE 93, Sports, amusement and recreation activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result is -€42,757 in 2025, compared with -€67,262 in 2023. Comparable figures for the intervening years are unavailable.
Balance-sheet composition
2025 in colour, 2023 as the grey bar beneath
Assets €245,242
Fixed assets
€41,844 ▼ 60.6%
Current assets
€203,399 ▼ 5.9%
Equity and liabilities
Equity-€78,546
Debt€323,788
Equity is negative: debt (€323,788) exceeds the balance-sheet total (€245,242).
Key figures and ratios
EBITDA
-€13,300▲
2023 · -€14,572
Cash flow
-€15,418▲
2023 · -€16,813
Interest coverage
-5.44▼
2023 · -5.38
Debt ≤ 1 year
€206,155▲
2023 · €146,356
Staff costs
€491,186▼
2023 · €598,857
No debt to equity: equity is negative, so debt divided by equity means nothing.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €24 | - | - | - |
| Remuneration, social security and pensions62 | - | €700,560 | €605,794 | €598,857 | €491,186 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,826 | €30,596 | €40,231 | €52,690 | €29,457 | - |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | -€291 | €111 | -€660 | €3,170 | - |
| Other operating charges640/8 | - | €4,671 | €3,989 | €4,768 | €4,057 | - |
| Non-recurring operating charges66A | - | €300 | - | €130 | €387 | - |
| Gross operating margin9900 | €767,478 | €741,307 | €619,121 | €588,524 | €485,499 | - |
| Operating profit (loss)9901 | €110,435 | €5,471 | -€31,003 | -€67,262 | -€42,757 | - |
| Financial income75/76B | - | €486 | €923 | €468 | €326 | - |
| Recurring financial income75 | €756 | €486 | €923 | €468 | €326 | - |
| Financial charges65/66B | - | €1,166 | €3,486 | €2,709 | €2,444 | - |
| Recurring financial charges65 | €701 | €1,166 | €3,486 | €2,709 | €2,444 | - |
| Profit (loss) for the period before taxes9903 | €110,491 | €4,790 | -€33,566 | -€69,504 | -€44,875 | - |
| Profit (loss) for the period9904 | €110,491 | €4,790 | -€33,566 | -€69,504 | -€44,875 | - |
| Profit (loss) for the period to be appropriated9905 | €110,491 | €4,790 | -€33,566 | -€69,504 | -€44,875 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €454,755 | €382,971 | €398,340 | €322,555 | €245,242 | - |
| Fixed assets21/28 | €23,846 | €69,927 | €82,108 | €106,330 | €41,844 | - |
| Intangible fixed assets21 | €4,082 | €13,920 | €20,767 | €21,851 | €6,299 | - |
| Tangible fixed assets22/27 | €11,943 | €48,187 | €53,522 | €75,159 | €29,225 | - |
| Plant, machinery and equipment23 | - | €10,966 | €12,457 | €5,713 | €74 | - |
| Furniture and vehicles24 | - | €32,404 | €16,188 | €4,989 | €1,424 | - |
| Other tangible fixed assets26 | - | €4,816 | €24,876 | €64,457 | €27,727 | - |
| Financial fixed assets28 | €7,820 | €7,820 | €7,820 | €9,320 | €6,320 | - |
| Current assets29/58 | €430,910 | €313,044 | €316,231 | €216,225 | €203,399 | - |
| Amounts receivable within one year40/41 | €125,309 | €87,122 | €124,023 | €58,097 | €42,300 | - |
| Trade receivables40 | - | €60,769 | €36,547 | €33,988 | €13,752 | - |
| Other amounts receivable41 | - | €26,353 | €87,476 | €24,109 | €28,548 | - |
| Cash at bank and in hand54/58 | €279,549 | €212,802 | €166,165 | €104,789 | €127,264 | - |
| Deferred charges and accrued income490/1 | - | €13,120 | €26,042 | €53,339 | €33,834 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €454,755 | €382,971 | €398,340 | €322,555 | €245,242 | - |
| Equity10/15 | €134,990 | €139,780 | €106,213 | €36,710 | -€78,546 | - |
| Reserves13 | - | €122,700 | €122,700 | €122,700 | €122,700 | - |
| Profit (loss) carried forward14 | €12,290 | €17,080 | -€16,487 | -€85,990 | -€201,246 | - |
| Amounts payable17/49 | €319,765 | €243,191 | €292,126 | €285,845 | €323,788 | - |
| Amounts payable within one year42/48 | €219,407 | €139,603 | €156,059 | €146,356 | €206,155 | - |
| Financial debts43 | - | - | - | - | €32,662 | - |
| Credit institutions430/8 | - | - | - | - | €32,662 | - |
| Trade debts44 | €78,943 | €69,914 | €64,075 | €58,988 | €74,074 | - |
| Suppliers440/4 | - | €69,914 | €64,075 | €58,988 | €74,074 | - |
| Advances received on contracts in progress46 | - | €10,797 | €10,797 | €6,708 | €3,386 | - |
| Taxes, remuneration and social security45 | - | €58,892 | €81,187 | €80,660 | €92,093 | - |
| Taxes450/3 | - | €2,823 | €11,562 | €10,888 | €15,718 | - |
| Remuneration and social security454/9 | - | €56,069 | €69,625 | €69,773 | €76,375 | - |
| Accrued charges and deferred income492/3 | - | €103,588 | €136,067 | €139,488 | €117,633 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €110,491 | €4,790 | -€33,566 | -€69,504 | -€44,875 | - |
| + Depreciation and write-downs630 | €9,826 | €30,596 | €40,231 | €52,690 | €29,457 | - |
| Operating cash flow (approximation) | €120,317 | €35,386 | €6,664 | -€16,813 | -€15,418 | - |
| Investment in fixed assets (approximation) | - | -€76,677 | -€52,412 | -€76,912 | - | - |
| Change in cash | - | -€66,746 | -€46,637 | -€61,377 | - | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
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Of 3,883 companies in this sector we hold annual accounts for 611. 109 are within a factor 10 of this headcount. The 5 above are the closest to it. See the whole sector
Subsidies and aid
Flemish government
2022 to 2025 · 12 entries · €1.2m awarded · €1.2m paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | €313,008 | €311,613 |
| 2024 | 4 | €310,319 | €307,141 |
| 2023 | 4 | €285,383 | €348,277 |
| 2022 | 2 | €285,983 | €202,475 |
Schemes
Show 1 more
Federal government
2025 · 1 entry · €150 in total| Year | Department | Transactions | Amount |
|---|---|---|---|
| 2025 | FOD Justitie | 1 | €150 |
Budget allocations