PLAYGROUNDS
ActiveThe file of PLAYGROUNDS contains 1 historical bankruptcy publication, as published in the Belgian State Gazette.
Summary
The computed 12-month bankruptcy probability is 0.3% (very low). The 2025 annual accounts show equity of €201k and a net result of €-143k. Equity is growing by ~62.6% per year across the filed fiscal years. Its solvency ranks better than 36% of 425 sector peers (fiscal year 2025).
Checked score
Score 2025
Axes · tick = 2024
Profitability1▼-75
Solvency45▼-8
Growth52=
Track record85
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9k at 30 days only on tighter terms
Liquidity ample (current ratio 1.76 against 2.25 in 2024; short-term debt: 49.4% and cash: 6.4% of total assets), but 80.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises 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
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
31 d late
2024
8 d early
2023
2 d early
2022
40 d early
2021
3 d early
2020
2 d early
2019
16 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-143k
2024 · €70k
Working capital
€383k▼ 36.9%
2024 · €608k
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€133k▲ 36.4%€212k▲ 59.7%€202k▼ 4.6%€108k▼ 46.8%€-119k
Net result€130k▲ 53.2%€190k▲ 45.7%€155k▼ 18.3%€70k▼ 55.0%€-143k
Equity€-71k▲ 64.9%€119k€274k▲ 130%€344k▲ 25.4%€201k▼ 41.5%
Total assets€1.13M▼ 1.2%€1.26M▲ 11.2%€1.09M▼ 14.0%€1.23M▲ 13.6%€1.02M▼ 17.2%
Debt€1.21M▼ 10.7%€1.14M▼ 5.2%€811k▼ 29.0%€889k▲ 9.6%€819k▼ 7.8%
Working capital€483k€679k▲ 40.8%€741k▲ 9.1%€608k▼ 18.0%€383k▼ 36.9%
Staff (FTE)0.2▼ 33.3%0.93.8▲ 322%
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €119k after €108k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.02M
Fixed assets
€133k ▼ 5.3%
Current assets
€888k ▼ 18.7%
Equity and liabilities €1.02M
Equity
€201k ▼ 41.5%
Debt
€819k ▼ 7.8%
Debt's share of the balance-sheet total rises from 72.1% to 80.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-59k▼
2024 · €119k
Cash flow
€-82k▼
2024 · €81k
Current ratio
1.76▼
2024 · 2.25
Debt to equity
4.07▲
2024 · 2.58
ROE
-70.9%▼
2024 · 20.3%
ROA
-14.0%▼
2024 · 5.7%
Interest coverage
-2.01▼
2024 · 8.29
Debt ≤ 1 year
€504k▲
2024 · €485k
Debt > 1 year
€314k▼
2024 · €398k
Income taxes
€280▼
2024 · €25k
Staff costs
€154k▲
2024 · €57k
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 | - | - | €6k | €0 | - | - |
| Remuneration, social security and pensions62 | - | - | - | €57k | €154k | ▲ 173% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14k | €14k | €6k | €11k | €60k | ▲ 426% |
| Other operating charges640/8 | - | €2k | €2k | €8k | €6k | ▼ 29.1% |
| Gross operating margin9900 | €158k | €228k | €211k | €184k | €102k | ▼ 44.9% |
| Operating profit (loss)9901 | €133k | €212k | €202k | €108k | €-119k | ▼ 211% |
| Financial income75/76B | - | €9k | €21k | €1k | €6k | ▲ 412% |
| Recurring financial income75 | €14k | €9k | €21k | €1k | €6k | ▲ 412% |
| Financial charges65/66B | - | €11k | €11k | €14k | €29k | ▲ 104% |
| Recurring financial charges65 | €17k | €11k | €11k | €14k | €29k | ▲ 104% |
| Profit (loss) for the period before taxes9903 | €130k | €211k | €212k | €95k | €-143k | ▼ 251% |
| Income taxes67/77 | - | €21k | €57k | €25k | €280 | ▼ 98.9% |
| Profit (loss) for the period9904 | €130k | €190k | €155k | €70k | €-143k | ▼ 305% |
| Profit (loss) for the period to be appropriated9905 | €130k | €190k | €155k | €70k | €-143k | ▼ 305% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.13M | €1.26M | €1.09M | €1.23M | €1.02M | ▼ 17.2% |
| Fixed assets21/28 | €21k | €7k | €1k | €140k | €133k | ▼ 5.3% |
| Tangible fixed assets22/27 | €21k | €7k | €1k | €140k | €124k | ▼ 11.7% |
| Plant, machinery and equipment23 | - | - | - | €4k | €9k | ▲ 112% |
| Furniture and vehicles24 | - | €2k | €1k | €299 | €8k | ▲ 2,611% |
| Leasing and similar rights25 | - | €5k | - | €136k | €107k | ▼ 21.4% |
| Financial fixed assets28 | - | - | - | - | €9k | - |
| Current assets29/58 | €1.11M | €1.25M | €1.08M | €1.09M | €888k | ▼ 18.7% |
| Stocks and contracts in progress3 | €85k | €262k | €125k | €0 | - | - |
| Stocks30/36 | - | €96k | €38k | €0 | - | - |
| Contracts in progress37 | - | €165k | €87k | €0 | - | - |
| Amounts receivable within one year40/41 | €555k | €962k | €897k | €937k | €815k | ▼ 13.0% |
| Trade receivables40 | - | €324k | €324k | €395k | €310k | ▼ 21.7% |
| Other amounts receivable41 | - | €638k | €574k | €541k | €505k | ▼ 6.6% |
| Current investments50/53 | €2k | €2k | €3k | €3k | €3k | ▼ 9.3% |
| Cash at bank and in hand54/58 | €123k | €27k | €59k | €148k | €66k | ▼ 55.7% |
| Deferred charges and accrued income490/1 | - | €1k | €394 | €5k | €5k | ▼ 7.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.13M | €1.26M | €1.09M | €1.23M | €1.02M | ▼ 17.2% |
| Equity10/15 | €-71k | €119k | €274k | €344k | €201k | ▼ 41.5% |
| Contributions10/11 | €137k | €137k | €137k | €137k | €137k | = |
| Capital10 | - | €137k | €137k | €137k | €137k | = |
| Issued capital100 | - | €137k | €137k | €137k | €137k | = |
| Reserves13 | €114k | €114k | €114k | €114k | €114k | = |
| Non-distributable reserves130/1 | - | €14k | €14k | €14k | €14k | = |
| Legal reserve130 | - | €14k | €14k | €14k | €14k | = |
| Tax-exempt reserves132 | - | €101k | €101k | €101k | €101k | = |
| Profit (loss) carried forward14 | €-322k | €-132k | €23k | €93k | €-50k | ▼ 154% |
| Amounts payable17/49 | €1.21M | €1.14M | €811k | €889k | €819k | ▼ 7.8% |
| Amounts payable after more than one year17 | €573k | €566k | €468k | €398k | €314k | ▼ 21.1% |
| Financial debts170/4 | - | €566k | €468k | €100k | €59k | ▼ 41.3% |
| Other amounts payable178/9 | - | - | - | €298k | €255k | ▼ 14.3% |
| Amounts payable within one year42/48 | €631k | €575k | €343k | €485k | €504k | ▲ 4.1% |
| Current portion of amounts payable after more than one year42 | - | €7k | €4k | €33k | €44k | ▲ 30.5% |
| Financial debts43 | - | €250k | €175k | €225k | €160k | ▼ 28.9% |
| Credit institutions430/8 | - | €250k | €175k | €225k | €160k | ▼ 28.9% |
| Trade debts44 | €371k | €244k | €162k | €198k | €297k | ▲ 50.1% |
| Suppliers440/4 | - | €244k | €162k | €198k | €297k | ▲ 50.1% |
| Advances received on contracts in progress46 | - | €54k | - | - | - | - |
| Taxes, remuneration and social security45 | - | €21k | €2k | €29k | €4k | ▼ 85.5% |
| Taxes450/3 | - | €21k | €2k | €27k | €356 | ▼ 98.7% |
| Remuneration and social security454/9 | - | - | - | €2k | €4k | ▲ 94.8% |
| Accrued charges and deferred income492/3 | - | €906 | €93 | €6k | €1k | ▼ 82.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €130k | €190k | €155k | €70k | €-143k | ▼ 305% |
| + Depreciation and write-downs630 | €14k | €14k | €6k | €11k | €60k | ▲ 426% |
| Operating cash flow (approximation) | €144k | €204k | €161k | €81k | €-82k | ▼ 201% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €-151k | €-53k | ▲ 64.9% |
| Change in cash | - | €-96k | €31k | €89k | €-82k | ▼ 192% |
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
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 31 days late
2025
31-12
Financial
Weakest financial yearnet €-143k
Net result drops to €-143k, the lowest in the series.
23-01
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
29-01
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
30-06
Financial
Equity above €200kEq €274k ▲130%
5 profitable years in a row build equity to €274k.
2022
22-12
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
30-06
Financial
Highest result since 2019net €190k ▲45.7%
Operating result €212k, net result €190k, both a record.
30-06
Financial
Equity above €100kEq €119k
4 profitable years in a row build equity to €119k.
28-01
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
30-06
Financial
Liquidity doublescurrent ratio 1.76
Current ratio from 0.84 to 1.76; short-term debt falls from €1.33M to €631k.
29-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
15-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
Show earlier events
2019
04-01
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2017
22-12
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
16-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2012
23-10
Bankruptcy
Bankruptcy reversal
Tribunal de commerce de Bruxelles
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
8 acts for this company are 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, Etterbeek · 1 establishment unit since 1993
Ground area
1,253 m²
Building footprint
333 m²
Volume, LiDAR
7,526 m³
Parcel 21362B0292/00X006, Brussels · tallest building 29.8 m, ±9 floors. Linked by address, not a title deed.
100
companies at this address
See who is registered here
1 establishment unit
Louis Schmidtlaan 119, 1040 Etterbeek
since 19932.062.067.372
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21362B0292/00X006 | Brussels | 1,253 m² | 1 · 333 m² | 29.8 m · 9 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
Recognised contractor
2 categoriesPLAYGROUNDS SA20237
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Of 3,294 companies in sector 93110 we hold annual accounts for 1,495. 1,116 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded13-04-1993
Fiscal year end31-12
Activities, NACEBEL 2025
93110Operation of sports facilities
Scores and ratios are computed by Checked and are not a credit decision.