I.Q. TESTING & TRAINING
Open bankruptcyFinancials · financial year 2025, abbreviated format
Equity
€42,010▲ 51.3%
2024 · €27,764
Total assets
€51,092▲ 45.5%
2024 · €35,124
Net result
€14,247▲ 170%
2024 · €5,276
Working capital
€24,896▲ 75.0%
2024 · €14,228
Trend over the years
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result recovers in 2025; 2025 is 305% above 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
Operating result€19,229
2025
Net result€14,247
2025
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Total assets€51,092
2025
Equity€42,010
2025
Debt€9,082
2025
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Working capital€24,896
2025
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Return on assets (ROA)27.9%
2025
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Solvency82.2%
2025
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Current ratio3.74
2025
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 93, Sports, amusement and recreation activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the financial year before
favourable
unfavourable
Line20182019202020212022202320242025
Operating result-€78-€2,765-€11,161-€36,192▼ 224%€21,541€18,318▼ 15.0%€4,747▼ 74.1%€19,229▲ 305%
Net result€1,022-€3,032▲ 197%-€11,802within the sector's middle half-€36,676below the sector's middle half▼ 211%€21,281within the sector's middle half€18,484within the sector's middle half▼ 13.1%€5,276within the sector's middle half▼ 71.5%€14,247within the sector's middle half▲ 170%
Equity€28,169-€31,201▲ 10.8%€19,400within the sector's middle half▼ 37.8%-€17,277below the sector's middle half€4,004within the sector's middle half€22,488within the sector's middle half▲ 462%€27,764within the sector's middle half▲ 23.5%€42,010within the sector's middle half▲ 51.3%
Total assets€39,431-€40,892▲ 3.7%€33,589below the sector's middle half▼ 17.9%€4,496below the sector's middle half▼ 86.6%€22,143below the sector's middle half▲ 393%€37,345below the sector's middle half▲ 68.7%€35,124below the sector's middle half▼ 5.9%€51,092below the sector's middle half▲ 45.5%
Debt€11,261-€9,691▼ 13.9%€14,189▲ 46.4%€21,773▲ 53.4%€18,140▼ 16.7%€14,857▼ 18.1%€7,361▼ 50.5%€9,082▲ 23.4%
Working capital€15,887-€17,564▲ 10.6%€12,881within the sector's middle half▼ 26.7%-€21,306within the sector's middle half-€5,621within the sector's middle half▲ 73.6%€8,260within the sector's middle half€14,228within the sector's middle half▲ 72.3%€24,896within the sector's middle half▲ 75.0%
Solvency71.4%-76.3%▲ 4.9pp57.8%above the sector's middle half▼ 18.5pp18.1%within the sector's middle half60.2%above the sector's middle half▲ 42.1pp79.0%above the sector's middle half▲ 18.8pp82.2%above the sector's middle half▲ 3.2pp
Current ratio2.63-2.81▲ 0.181.91within the sector's middle half▼ 0.900.69within the sector's middle half1.56within the sector's middle half▲ 0.872.93above the sector's middle half▲ 1.383.74above the sector's middle half▲ 0.81
Return on assets (ROA)2.6%-7.4%▲ 4.8pp-35.1%below the sector's middle half▼ 42.6pp96.1%above the sector's middle half49.5%above the sector's middle half▼ 46.6pp15.0%above the sector's middle half▼ 34.5pp27.9%above the sector's middle half▲ 12.9pp
above
within
below
the middle half of NACE 93, Sports, amusement and recreation activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin not published: the abbreviated or micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €51,092
Fixed assets
€17,114 ▲ 26.4%
Current assets
€33,978 ▲ 57.4%
Equity and liabilities €51,092
Equity
€42,010 ▲ 51.3%
Debt
€9,082 ▲ 23.4%
Debt's share of the balance-sheet total falls from 21.0% to 17.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€24,375▲
2024 · €8,467
Cash flow
€19,393▲
2024 · €8,996
Debt to equity
0.22▼
2024 · 0.27
ROE
33.9%▲
2024 · 19.0%
Interest coverage
39.13▼
2024 · 67.46
Debt ≤ 1 year
€9,082▲
2024 · €7,361
Income taxes
€4,999▲
2024 · €148
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5,593 | €7,321 | €5,276 | €2,490 | €1,073 | €3,663 | €3,720 | €5,147 | ▲ 38.4% |
| Other operating charges640/8 | - | - | - | €3,346 | €1,904 | €1,959 | €1,286 | €2,082 | ▲ 61.8% |
| Gross operating margin9900 | €9,735 | €12,669 | -€851 | -€30,356 | €24,519 | €23,939 | €9,753 | €26,457 | ▲ 171% |
| Operating profit (loss)9901 | -€78 | €2,765 | -€11,161 | -€36,192 | €21,541 | €18,318 | €4,747 | €19,229 | ▲ 305% |
| Financial income75/76B | - | - | - | €130 | - | €279 | €802 | €640 | ▼ 20.2% |
| Recurring financial income75 | €2,002 | €2,123 | €0 | €130 | - | €279 | €802 | €640 | ▼ 20.2% |
| Financial charges65/66B | - | - | - | €614 | €261 | €113 | €126 | €623 | ▲ 396% |
| Recurring financial charges65 | €202 | €603 | €124 | €614 | €261 | €113 | €126 | €623 | ▲ 396% |
| Profit (loss) for the period before taxes9903 | €1,722 | €4,285 | -€11,285 | -€36,676 | €21,281 | €18,484 | €5,424 | €19,246 | ▲ 255% |
| Income taxes67/77 | €700 | €1,253 | €517 | - | - | - | €148 | €4,999 | ▲ 3,278% |
| Profit (loss) for the period9904 | €1,022 | €3,032 | -€11,802 | -€36,676 | €21,281 | €18,484 | €5,276 | €14,247 | ▲ 170% |
| Profit (loss) for the period to be appropriated9905 | €1,022 | €3,032 | -€11,802 | -€36,676 | €21,281 | €18,484 | €5,276 | €14,247 | ▲ 170% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €39,431 | €40,892 | €33,589 | €4,496 | €22,143 | €37,345 | €35,124 | €51,092 | ▲ 45.5% |
| Fixed assets21/28 | €13,786 | €13,638 | €6,519 | €4,029 | €9,624 | €14,228 | €13,536 | €17,114 | ▲ 26.4% |
| Tangible fixed assets22/27 | €10,536 | €10,388 | €3,269 | €779 | €6,374 | €10,978 | €10,286 | €13,864 | ▲ 34.8% |
| Plant, machinery and equipment23 | - | - | - | €479 | €6,374 | €6,172 | €6,922 | €6,666 | ▼ 3.7% |
| Furniture and vehicles24 | - | - | - | €300 | - | €4,806 | €3,364 | €7,199 | ▲ 114% |
| Financial fixed assets28 | €3,250 | €3,250 | €3,250 | €3,250 | €3,250 | €3,250 | €3,250 | €3,250 | = |
| Current assets29/58 | €25,645 | €27,254 | €27,070 | €467 | €12,519 | €23,117 | €21,588 | €33,978 | ▲ 57.4% |
| Amounts receivable within one year40/41 | €22,825 | €26,768 | - | - | - | €15,743 | €10,781 | €21,288 | ▲ 97.5% |
| Trade receivables40 | - | - | - | - | - | - | - | €5,445 | - |
| Other amounts receivable41 | - | - | - | - | - | €15,743 | €10,781 | €15,843 | ▲ 47.0% |
| Cash at bank and in hand54/58 | €2,275 | - | €27,070 | €467 | €8,780 | €7,374 | €10,807 | €7,327 | ▼ 32.2% |
| Deferred charges and accrued income490/1 | - | - | - | - | €3,739 | - | - | €5,362 | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €39,431 | €40,892 | €33,589 | €4,496 | €22,143 | €37,345 | €35,124 | €51,092 | ▲ 45.5% |
| Equity10/15 | €28,169 | €31,201 | €19,400 | -€17,277 | €4,004 | €22,488 | €27,764 | €42,010 | ▲ 51.3% |
| Contributions10/11 | €61,500 | €61,500 | €61,500 | €61,500 | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Capital10 | - | - | - | €61,500 | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Issued capital100 | - | - | - | €61,500 | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Profit (loss) carried forward14 | -€33,331 | -€30,299 | -€42,100 | -€78,777 | -€57,496 | -€39,012 | -€33,736 | -€19,490 | ▲ 42.2% |
| Amounts payable17/49 | €11,261 | €9,691 | €14,189 | €21,773 | €18,140 | €14,857 | €7,361 | €9,082 | ▲ 23.4% |
| Amounts payable after more than one year17 | €1,504 | - | - | - | - | - | - | - | - |
| Amounts payable within one year42/48 | €9,758 | €9,691 | €14,189 | €21,773 | €18,140 | €14,857 | €7,361 | €9,082 | ▲ 23.4% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €7,487 | €7,487 | - | - | - |
| Trade debts44 | €2,328 | €2,158 | €5,615 | €730 | €1,499 | - | €652 | €280 | ▼ 57.0% |
| Suppliers440/4 | - | - | - | €730 | €1,499 | - | €652 | €280 | ▼ 57.0% |
| Taxes, remuneration and social security45 | - | - | - | €3,392 | €3,994 | €7,370 | €6,708 | €8,801 | ▲ 31.2% |
| Taxes450/3 | - | - | - | €3,392 | €3,994 | €7,370 | €6,708 | €8,801 | ▲ 31.2% |
| Other amounts payable47/48 | - | - | - | €17,651 | €5,160 | - | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,022 | €3,032 | -€11,802 | -€36,676 | €21,281 | €18,484 | €5,276 | €14,247 | ▲ 170% |
| + Depreciation and write-downs630 | €5,593 | €7,321 | €5,276 | €2,490 | €1,073 | €3,663 | €3,720 | €5,147 | ▲ 38.4% |
| Operating cash flow (approximation) | €6,614 | €10,353 | -€6,526 | -€34,187 | €22,354 | €22,147 | €8,996 | €19,393 | ▲ 116% |
| Investment in fixed assets (approximation) | - | -€7,173 | €1,843 | €0 | -€6,669 | -€8,267 | -€3,028 | -€8,725 | ▼ 188% |
| Change in cash | - | - | - | -€26,603 | €8,313 | -€1,406 | €3,433 | -€3,480 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 25 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 06-07-2026 | 2026-00264464 |
| 31-12-2024 | micro format | 11-06-2025 | 2025-00137367 |
| 31-12-2023 | micro format | 01-07-2024 | 2024-00196331 |
| 31-12-2022 | micro format | 04-07-2023 | 2023-00197549 |
| 31-12-2021 | micro format | 18-06-2022 | 2022-20088282 |
| 31-12-2020 | micro format | 29-06-2021 | 2021-27600215 |
| 31-12-2019 | micro format | 17-06-2020 | 2020-17600327 |
| 31-12-2018 | micro format | 19-06-2019 | 2019-21600519 |
| 31-12-2017 | micro format | 27-06-2018 | 2018-23600028 |
| 31-12-2016 | micro format | 21-06-2017 | 2017-22000473 |
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Of the 3,268 active companies whose main activity is operation of sports facilities (NACE 93110), figures are known for 1,505. 949 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.