OLYMPIA
ActiveSummary
OLYMPIA has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €53k and a net result of €11k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 57% of 2318 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability78▼-11
Solvency61▲+10
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4k at 30 days acceptable
Liquidity ample (current ratio 8.19 against 8.84 in 2024; short-term debt: 8.5% and cash: 63.3% of total assets), but 64.5% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 93
Relative position
BE, all sectors
reference
Sports, amusement and recreation activities (NACE 93)
about 50% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
35.5%
Return on assets
7.7%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €53k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 16-07-2026, 15 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
15 d early
2024
7 d early
2023
12 d early
2022
11 d late
2021
39 d early
2020
27 d late
2019
35 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€53k▲ 27.6%
2024 · €41k
Total assets
€149k▼ 5.1%
2024 · €157k
Net result
€11k▼ 55.2%
2024 · €25k
Working capital
€91k▼ 3.8%
2024 · €95k
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€4k▼ 68.4%€6k▲ 84.0%€15k▲ 139%€29k▲ 88.3%€18k▼ 36.8%
Net result€3k▼ 70.9%€6k▲ 106%€15k▲ 142%€25k▲ 73.8%€11k▼ 55.2%
Equity€-5k▲ 37.9%€1k€16k▲ 1,179%€41k▲ 160%€53k▲ 27.6%
Total assets€105k▲ 10.2%€120k▲ 14.2%€130k▲ 8.6%€157k▲ 20.6%€149k▼ 5.1%
Debt€110k▲ 6.6%€118k▲ 8.0%€114k▼ 3.7%€115k▲ 1.1%€96k▼ 16.9%
Working capital€21k▲ 1,310%€39k▲ 86.3%€64k▲ 65.6%€95k▲ 48.2%€91k▼ 3.8%
Staff (FTE)1.3▲ 85.7%1.6▲ 23.1%1.4▼ 12.5%1.5▲ 7.1%1.6▲ 6.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 37% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €149k
Fixed assets
€45k ▼ 10.0%
Current assets
€104k ▼ 2.8%
Equity and liabilities €149k
Equity
€53k ▲ 27.6%
Debt
€96k ▼ 16.9%
Debt's share of the balance-sheet total falls from 73.6% to 64.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€35k▼
2024 · €46k
Cash flow
€28k▼
2024 · €42k
Current ratio
8.19▼
2024 · 8.84
Quick ratio
7.98▼
2024 · 8.64
Debt to equity
1.81▼
2024 · 2.78
ROE
21.6%▼
2024 · 61.6%
ROA
7.7%▼
2024 · 16.3%
Interest coverage
25.36▼
2024 · 39.40
Debt ≤ 1 year
€13k▲
2024 · €12k
Debt > 1 year
€83k▼
2024 · €103k
Income taxes
€6k▲
2024 · €2k
Staff costs
€48k▲
2024 · €44k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €12k | - | - | - | - | - |
| Remuneration, social security and pensions62 | €16k | €38k | €42k | €44k | €48k | ▲ 7.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €21k | €24k | €26k | €17k | €17k | ▲ 0.7% |
| Other operating charges640/8 | €1k | €2k | €2k | €2k | €1k | ▼ 32.1% |
| Non-recurring operating charges66A | €1k | - | - | - | - | - |
| Gross operating margin9900 | €43k | €70k | €86k | €92k | €84k | ▼ 8.6% |
| Operating profit (loss)9901 | €4k | €6k | €15k | €29k | €18k | ▼ 36.8% |
| Financial income75/76B | €33 | €105 | €16 | €10 | €16 | ▲ 57.1% |
| Recurring financial income75 | €33 | €105 | €16 | €10 | €16 | ▲ 57.1% |
| Financial charges65/66B | €589 | €489 | €791 | €1k | €1k | ▲ 19.6% |
| Recurring financial charges65 | €589 | €489 | €791 | €1k | €1k | ▲ 19.6% |
| Profit (loss) for the period before taxes9903 | €3k | €6k | €15k | €28k | €17k | ▼ 39.1% |
| Income taxes67/77 | - | - | - | €2k | €6k | ▲ 129% |
| Profit (loss) for the period9904 | €3k | €6k | €15k | €25k | €11k | ▼ 55.2% |
| Profit (loss) for the period to be appropriated9905 | €3k | €6k | €15k | €25k | €11k | ▼ 55.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €105k | €120k | €130k | €157k | €149k | ▼ 5.1% |
| Fixed assets21/28 | €77k | €63k | €57k | €50k | €45k | ▼ 10.0% |
| Intangible fixed assets21 | €900 | €402 | €7 | - | - | - |
| Tangible fixed assets22/27 | €76k | €63k | €57k | €50k | €45k | ▼ 10.0% |
| Land and buildings22 | €21k | €23k | €19k | €20k | €16k | ▼ 20.4% |
| Plant, machinery and equipment23 | €52k | €34k | €32k | €26k | €18k | ▼ 32.1% |
| Furniture and vehicles24 | €3k | €5k | €6k | €4k | €9k | ▲ 105% |
| Other tangible fixed assets26 | - | - | - | - | €3k | - |
| Financial fixed assets28 | €174 | €174 | €174 | - | - | - |
| Current assets29/58 | €28k | €56k | €73k | €107k | €104k | ▼ 2.8% |
| Stocks and contracts in progress3 | €1k | €3k | €3k | €2k | €3k | ▲ 9.1% |
| Stocks30/36 | €1k | €3k | €3k | €2k | €3k | ▲ 9.1% |
| Amounts receivable within one year40/41 | €596 | €4k | €1k | €2k | €4k | ▲ 107% |
| Trade receivables40 | €414 | €4k | €1k | €2k | €1k | ▼ 41.5% |
| Other amounts receivable41 | €182 | €224 | €18 | €42 | €3k | ▲ 6,146% |
| Cash at bank and in hand54/58 | €26k | €49k | €69k | €99k | €94k | ▼ 5.0% |
| Deferred charges and accrued income490/1 | €751 | €163 | - | €3k | €3k | ▼ 4.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €105k | €120k | €130k | €157k | €149k | ▼ 5.1% |
| Equity10/15 | €-5k | €1k | €16k | €41k | €53k | ▲ 27.6% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €2k | €2k | €2k | €23k | €34k | ▲ 50.0% |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | - | - | - | €21k | €32k | ▲ 54.5% |
| Profit (loss) carried forward14 | €-25k | €-19k | €-5k | - | - | - |
| Amounts payable17/49 | €110k | €118k | €114k | €115k | €96k | ▼ 16.9% |
| Amounts payable after more than one year17 | €102k | €100k | €104k | €103k | €83k | ▼ 19.5% |
| Financial debts170/4 | €102k | €100k | €104k | €103k | €83k | ▼ 19.5% |
| Amounts payable within one year42/48 | €7k | €18k | €9k | €12k | €13k | ▲ 4.8% |
| Trade debts44 | €3k | €9k | €3k | €2k | €1k | ▼ 44.1% |
| Suppliers440/4 | €3k | €9k | €3k | €2k | €1k | ▼ 44.1% |
| Taxes, remuneration and social security45 | €4k | €9k | €6k | €10k | €10k | ▲ 1.7% |
| Taxes450/3 | €1k | €3k | €3k | €6k | €7k | ▲ 14.9% |
| Remuneration and social security454/9 | €3k | €6k | €4k | €4k | €3k | ▼ 20.1% |
| Other amounts payable47/48 | €135 | €47 | €11 | €384 | €2k | ▲ 346% |
| Accrued charges and deferred income492/3 | €600 | €600 | €600 | €600 | €600 | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3k | €6k | €15k | €25k | €11k | ▼ 55.2% |
| + Depreciation and write-downs630 | €21k | €24k | €26k | €17k | €17k | ▲ 0.7% |
| Operating cash flow (approximation) | €24k | €30k | €41k | €42k | €28k | ▼ 33.0% |
| Investment in fixed assets (approximation) | - | €-11k | €-20k | €-10k | €-12k | ▼ 18.9% |
| Change in cash | - | €23k | €20k | €30k | €-5k | ▼ 117% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
16-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
24-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2018net €25k ▲73.8%
Operating result €29k, net result €25k, both a record.
19-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity doublescurrent ratio 7.85
Current ratio from 3.17 to 7.85; short-term debt falls from €18k to €9k.
11-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 11 days late
2022
22-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Liquidity triplescurrent ratio 3.77
Current ratio from 1.14 to 3.77; short-term debt falls from €11k to €7k.
27-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 27 days late
2020
31-12
Financial
Back to profitnet €10k
Net result €10k after 2 loss-making years.
04-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 35 days late
2019
31-12
Financial
Weakest financial yearnet €-6k
Net result drops to €-6k, the lowest in the series; recovery starts the following year.
Show earlier events
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
27-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
20-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Blankenberge · 1 establishment unit since 1994
Ground area
177 m²
Building footprint
177 m²
Volume, LiDAR
1,550 m³
Parcel 31004A0797/00X009, Flanders · tallest building 19.1 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
OLYMPIA FITNESS
since 19942.065.364.877
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31004A0797/00X009 | Flanders | 177 m² | 1 · 177 m² | 19.1 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Food safety, FASFC
1 siteBlankenberge2.065.364.877
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Of 3,294 companies in sector 93110 we hold annual accounts for 1,495. 994 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded02-12-1993
Fiscal year end31-12
Activities, NACEBEL 2025
93110Operation of sports facilities
93130Fitness centres
Scores and ratios are computed by Checked and are not a credit decision.