Fun2play
ActiveFinancials · financial year 2024, full format
2025 annual accounts not yet filed, deadline passed on 31 July 2026 The financial year closed on 31 December 2025. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 4 November 2026.
Annual accounts 2024 filed on 30-06-2025 PDF all 33 filings
Turnover
€200,482
EBIT margin
Not meaningful: turnover is only a small part of operating income
Net result
€69,672▼ 55.8%
2023 · €157,675
Working capital
-€170,030▲ 47.5%
2023 · -€324,162
Multi-year overview
2018 to 2024, 7 financial yearsTurnover
no figure
2024
20182024
Operating result
€77,404
▼ 54.8%
2024
20182024
Net result
€69,672
▼ 55.8%
2024
middle half of the sector
20182024
Equity
€439,824
▲ 18.8%
2024
middle half of the sector
20182024
Total assets
€690,335
▼ 12.3%
2024
middle half of the sector
20182024
Debt
€250,511
▼ 39.9%
2024
20182024
Working capital
-€170,030
▲ 47.5%
2024
lowest quarter of the sector
20182024
Solvency
63.7%
▲ 16.7pp
2024
middle half of the sector
20182024
Current ratio
0.32
▲ 0.10
2024
lowest quarter of the sector
20182024
Return on assets (ROA)
10.1%
▼ 9.9pp
2024
middle half of the sector
20182024
Staff (FTE)
no figure
2024
20182024
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line2018201920202021202220232024
Turnover€200,482-
Operating result-€274,584--€200,916▲ 26.8%-€142,456▲ 29.1%-€172,758▼ 21.3%€123,853€171,093▲ 38.1%€77,404▼ 54.8%
Net result-€276,889--€210,585▲ 23.9%-€148,357below the sector's middle half▲ 29.5%-€183,329below the sector's middle half▼ 23.6%€95,850within the sector's middle half€157,675within the sector's middle half▲ 64.5%€69,672within the sector's middle half▼ 55.8%
Equity€128,897--€81,688-€100,045below the sector's middle half▼ 22.5%-€283,374below the sector's middle half▼ 183%€212,477within the sector's middle half€370,152within the sector's middle half▲ 74.2%€439,824within the sector's middle half▲ 18.8%
Total assets€233,785-€247,895▲ 6.0%€218,540below the sector's middle half▼ 11.8%€681,634within the sector's middle half▲ 212%€851,101within the sector's middle half▲ 24.9%€787,167within the sector's middle half▼ 7.5%€690,335within the sector's middle half▼ 12.3%
Debt€104,888-€329,583▲ 214%€318,585▼ 3.3%€965,008▲ 203%€638,624▼ 33.8%€417,015▼ 34.7%€250,511▼ 39.9%
Working capital-€24,001--€231,272▼ 864%-€266,878below the sector's middle half▼ 15.4%-€898,093below the sector's middle half▼ 237%-€567,053below the sector's middle half▲ 36.9%-€324,162below the sector's middle half▲ 42.8%-€170,030below the sector's middle half▲ 47.5%
Solvency55.1%--33.0%▼ 88.1pp-45.8%below the sector's middle half▼ 12.8pp-41.6%below the sector's middle half▲ 4.2pp25.0%below the sector's middle half▲ 66.5pp47.0%within the sector's middle half▲ 22.1pp63.7%within the sector's middle half▲ 16.7pp
Current ratio0.76-0.29▼ 0.470.15below the sector's middle half▼ 0.140.07below the sector's middle half▼ 0.080.11below the sector's middle half▲ 0.040.22below the sector's middle half▲ 0.110.32below the sector's middle half▲ 0.10
Return on assets (ROA)-118.4%--84.9%▲ 33.5pp-67.9%below the sector's middle half▲ 17.1pp-26.9%below the sector's middle half▲ 41.0pp11.3%within the sector's middle half▲ 38.2pp20.0%above the sector's middle half▲ 8.8pp10.1%within the sector's middle half▼ 9.9pp
Staff (FTE)2.3-2.8▲ 21.7%5.5within the sector's middle half▲ 96.4%3.9below the sector's middle half▼ 29.1%
above
within
below
The sector band is the middle half of the companies in Gambling and betting activities (NACE 92). 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 operating result for 2024 is 55% lower than in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €690,335
Fixed assets
€609,854 ▼ 12.2%
Current assets
€80,481 ▼ 13.3%
Equity and liabilities €690,335
Equity
€439,824 ▲ 18.8%
Debt
€250,511 ▼ 39.9%
Debt's share of the balance-sheet total falls from 53.0% to 36.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€161,865▼
2023 · €256,309
Cash flow
€154,132▼
2023 · €242,891
Debt to equity
0.57▼
2023 · 1.13
ROE
15.8%▼
2023 · 42.6%
Interest coverage
20.22▲
2023 · 19.10
Debt ≤ 1 year
€250,511▼
2023 · €417,015
Staff costs
€3,258▲
2023 · €1,040
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Staff
| Item | 31-12-2021 |
|---|---|
| Average over the year, in full-time equivalents | 3.9 |
| Joined | 0 |
| Left | 5 |
Source: social balance sheet in the 2021 annual accounts
Securities and guarantees
| Item | 2018 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Guarantees given for others' debts | €103,118 | - | - | - | - |
Source: notes to the 2018 to 2024 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2018 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Tangible fixed assets | €180,672 | €467,169 | €248,081 | - | - |
| Depreciation and write-downs of the year | €1,446 | €22,983 | €83,270 | €85,216 | €84,460 |
Source: notes to the 2018 to 2024 annual accounts (statement of fixed assets)
Auditor
| Item | 2018 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Fee for the audit | €4,940 | - | - | - | - |
Source: notes to the 2018 to 2024 annual accounts (relations with the auditor)
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Operating income70/76A | €200,644 | - | - | - | - | - | - | - |
| Turnover70 | €200,482 | - | - | - | - | - | - | - |
| Other operating income74 | €162 | - | - | - | - | - | - | - |
| Non-recurring operating income76A | - | - | - | - | - | €6,454 | - | - |
| Operating charges60/66A | €475,228 | - | - | - | - | - | - | - |
| Goods for resale, raw materials and consumables60 | €6,706 | - | - | - | - | - | - | - |
| Services and other goods61 | €248,892 | - | - | - | - | - | - | - |
| Remuneration, social security and pensions62 | €69,048 | - | - | €49,995 | €2,603 | €1,040 | €3,258 | ▲ 213% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,446 | €8,051 | €14,761 | €22,983 | €83,270 | €85,216 | €84,460 | ▼ 0.9% |
| Other operating charges640/8 | €144,136 | - | - | €18,146 | €13,591 | €15,625 | €10,951 | ▼ 29.9% |
| Non-recurring operating charges66A | €5,000 | - | - | - | - | - | - | - |
| Gross operating margin9900 | - | -€19,514 | -€7,120 | -€81,634 | €223,317 | €272,973 | €176,073 | ▼ 35.5% |
| Operating profit (loss)9901 | -€274,584 | -€200,916 | -€142,456 | -€172,758 | €123,853 | €171,093 | €77,404 | ▼ 54.8% |
| Financial income75/76B | - | - | - | €594 | - | - | €274 | - |
| Recurring financial income75 | €85 | - | €251 | €594 | - | - | €274 | - |
| Other financial income752/9 | €85 | - | - | - | - | - | - | - |
| Financial charges65/66B | €2,390 | - | - | €11,165 | €28,003 | €13,417 | €8,007 | ▼ 40.3% |
| Recurring financial charges65 | €2,390 | €9,669 | €6,152 | €11,165 | €28,003 | €13,417 | €8,007 | ▼ 40.3% |
| Debt charges650 | €468 | - | - | - | - | - | - | - |
| Other financial charges652/9 | €1,922 | - | - | - | - | - | - | - |
| Profit (loss) for the period before taxes9903 | -€276,889 | -€210,585 | -€148,357 | -€183,329 | €95,850 | €157,675 | €69,672 | ▼ 55.8% |
| Profit (loss) for the period9904 | -€276,889 | -€210,585 | -€148,357 | -€183,329 | €95,850 | €157,675 | €69,672 | ▼ 55.8% |
| Profit (loss) for the period to be appropriated9905 | -€276,889 | -€210,585 | -€148,357 | -€183,329 | €95,850 | €157,675 | €69,672 | ▼ 55.8% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €0.2m | €0.2m | €0.2m | €0.7m | €0.9m | €0.8m | €0.7m | ▼ 12.3% |
| Fixed assets21/28 | €0.2m | €0.2m | €0.2m | €0.6m | €0.8m | €0.7m | €0.6m | ▼ 12.2% |
| Intangible fixed assets21 | - | - | €0.02m | €0.02m | €0.01m | €0.01m | €0.01m | ▼ 14.9% |
| Tangible fixed assets22/27 | €0.008m | €0.08m | €0.08m | €0.5m | €0.7m | €0.6m | €0.5m | ▼ 13.6% |
| Plant, machinery and equipment23 | €0.005m | - | - | €0 | - | - | €0 | - |
| Furniture and vehicles24 | - | - | - | €0.03m | €0.03m | €0.03m | €0.02m | ▼ 13.3% |
| Other tangible fixed assets26 | €0.003m | - | - | €0.5m | €0.7m | €0.6m | €0.5m | ▼ 13.6% |
| Financial fixed assets28 | €0.2m | €0.08m | €0.08m | €0.08m | €0.08m | €0.08m | €0.08m | = |
| Other financial fixed assets284/8 | €0.2m | - | - | - | - | - | - | - |
| Amounts receivable and cash guarantees285/8 | €0.2m | - | - | - | - | - | - | - |
| Current assets29/58 | €0.08m | €0.09m | €0.05m | €0.07m | €0.07m | €0.09m | €0.08m | ▼ 13.3% |
| Amounts receivable within one year40/41 | €0.06m | €0.03m | €0.003m | €0.06m | €0.03m | €0.08m | €0.04m | ▼ 51.2% |
| Trade receivables40 | - | - | - | €0.06m | €0.03m | €0.08m | €0.04m | ▼ 51.2% |
| Other amounts receivable41 | €0.06m | - | - | €119 | - | - | - | - |
| Cash at bank and in hand54/58 | €0.02m | €0.05m | €0.04m | €0.002m | €0.04m | €0.01m | €0.04m | ▲ 274% |
| Deferred charges and accrued income490/1 | - | - | - | €0.009m | €0.002m | €0.001m | €0.001m | ▼ 3.6% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €0.2m | €0.2m | €0.2m | €0.7m | €0.9m | €0.8m | €0.7m | ▼ 12.3% |
| Equity10/15 | €0.1m | -€0.08m | -€0.1m | -€0.3m | €0.2m | €0.4m | €0.4m | ▲ 18.8% |
| Contributions10/11 | €1.2m | €1.2m | €1.2m | €1.4m | €1.8m | €1.8m | €1.8m | = |
| Capital10 | €1.2m | - | - | €1.2m | €1.2m | €1.2m | €1.2m | = |
| Issued capital100 | €1.2m | - | - | €1.2m | €1.2m | €1.2m | €1.2m | = |
| Contributions outside capital11 | €0.1m | - | - | €0.2m | €0.6m | €0.6m | €0.6m | = |
| Share premium1100/10 | - | - | - | €0.1m | €0.1m | €0.1m | €0.1m | = |
| Other1109/19 | - | - | - | €0.1m | €0.5m | €0.5m | €0.5m | = |
| Reserves13 | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | €0.001m | = |
| Non-distributable reserves130/1 | - | - | - | €187 | €187 | €187 | €187 | = |
| Legal reserve130 | €187 | - | - | €187 | €187 | €187 | - | - |
| Reserves not available under the articles1311 | - | - | - | - | - | - | €187 | - |
| Tax-exempt reserves132 | €0.001m | - | - | €0.001m | €0.001m | €0.001m | €0.001m | = |
| Distributable reserves133 | €1 | - | - | €1 | €1 | €1 | €1 | = |
| Profit (loss) carried forward14 | -€1.1m | -€1.3m | -€1.5m | -€1.7m | -€1.6m | -€1.4m | -€1.3m | ▲ 4.9% |
| Amounts payable17/49 | €0.1m | €0.3m | €0.3m | €1.0m | €0.6m | €0.4m | €0.3m | ▼ 39.9% |
| Amounts payable within one year42/48 | €0.1m | €0.3m | €0.3m | €1.0m | €0.6m | €0.4m | €0.3m | ▼ 39.9% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | - | - | €0.08m | - |
| Financial debts43 | - | - | - | €0.8m | €0.6m | €0.4m | €0.2m | ▼ 61.0% |
| Other loans439 | - | - | - | €0.8m | €0.6m | €0.4m | €0.2m | ▼ 61.0% |
| Trade debts44 | €0.09m | €0.07m | €0.02m | €0.2m | €0.009m | €0.007m | €0.02m | ▲ 121% |
| Suppliers440/4 | €0.09m | - | - | €0.2m | €0.009m | €0.007m | €0.02m | ▲ 121% |
| Taxes, remuneration and social security45 | €0.008m | - | - | €0.004m | - | - | - | - |
| Remuneration and social security454/9 | €0.008m | - | - | €0.004m | - | - | - | - |
| Other amounts payable47/48 | €0.002m | - | - | - | - | - | - | - |
| Accrued charges and deferred income492/3 | €0.005m | - | - | - | - | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€276,889 | -€210,585 | -€148,357 | -€183,329 | €95,850 | €157,675 | €69,672 | ▼ 55.8% |
| + Depreciation and write-downs630 | €1,446 | €8,051 | €14,761 | €22,983 | €83,270 | €85,216 | €84,460 | ▼ 0.9% |
| Operating cash flow (approximation) | -€275,443 | -€202,534 | -€133,596 | -€160,346 | €179,121 | €242,891 | €154,132 | ▼ 36.5% |
| Investment in fixed assets (approximation) | - | -€4,466 | -€30,795 | -€467,119 | -€248,081 | €0 | €0 | - |
| Change in cash | - | €36,538 | -€12,733 | -€37,458 | €41,349 | -€32,863 | €29,133 | - |
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, 20,136 companies had the same profile as Fun2play has now. Two years later, 95.0% were still going and 0.2% had gone bankrupt.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
95.0%
was still going
4.7%
stopped otherwise
0.2%
went bankrupt
The bankruptcy probability of Fun2play itself is higher: 0.7% within 12 months. It rests on far more data about Fun2play than the profile alone.
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 20,136 companies, not a prediction for Fun2play. 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 33 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2024 | full format | 30-06-2025 | 2025-00208573 | |
| 31-12-2023 | full format | 21-05-2024 | 2024-00092780 | |
| 31-12-2022 | full format | 11-05-2023 | 2023-00086400 | |
| 31-12-2021 | full format | 01-06-2022 | 2022-20044528 | |
| 31-12-2020 | full format | 30-12-2021 | 2021-82300032 | |
| 31-12-2019 | full format | 28-09-2020 | 2020-57400196 | |
| 31-12-2018 | full format | 23-07-2019 | 2019-37500006 | |
| 31-12-2017 | full format | 14-06-2018 | 2018-19100169 | |
| 31-12-2016 | full format | 28-07-2017 | 2017-38300303 | |
| 31-12-2015 | full format | 23-08-2016 | 2016-46300387 |