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 €201,349 and a net result of -€142,833. Equity is growing by ~62.6% per year across the filed fiscal years. Its solvency ranks better than 36% of 433 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 €9,000 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.
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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 →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 6 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€142,833
2024 · €69,810
Working capital
€383,216▼ 36.9%
2024 · €607,654
Trend over the years
Click a name to add, emphasise or remove a line.Band: 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.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€132,858▲ 36.4%€212,228▲ 59.7%€202,452▼ 4.6%€107,783▼ 46.8%-€119,295
Net result€130,374above the sector's middle half▲ 53.2%€189,891above the sector's middle half▲ 45.7%€155,047above the sector's middle half▼ 18.3%€69,810within the sector's middle half▼ 55.0%-€142,833below the sector's middle half
Equity-€70,566below the sector's middle half▲ 64.9%€119,325within the sector's middle half€274,372within the sector's middle half▲ 130%€344,182within the sector's middle half▲ 25.4%€201,349within the sector's middle half▼ 41.5%
Total assets€1.1mwithin the sector's middle half▼ 1.2%€1.3mwithin the sector's middle half▲ 11.2%€1.1mwithin the sector's middle half▼ 14.0%€1.2mwithin the sector's middle half▲ 13.6%€1.0mwithin the sector's middle half▼ 17.2%
Debt€1.2m▼ 10.7%€1.1m▼ 5.2%€810,822▼ 29.0%€888,592▲ 9.6%€819,214▼ 7.8%
Working capital€482,619€679,408▲ 40.8%€740,936▲ 9.1%€607,654▼ 18.0%€383,216▼ 36.9%
Solvency-6.2%below the sector's middle half▲ 11.3pp9.5%within the sector's middle half▲ 15.7pp25.3%within the sector's middle half▲ 15.8pp27.9%within the sector's middle half▲ 2.6pp19.7%within the sector's middle half▼ 8.2pp
Staff (FTE)0.2below the sector's middle half▼ 33.3%0.9below the sector's middle half3.8below the sector's middle half▲ 322%
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.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €119,295 after €107,783 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.0m
Fixed assets
€132,987 ▼ 5.3%
Current assets
€887,576 ▼ 18.7%
Equity and liabilities €1.0m
Equity
€201,349 ▼ 41.5%
Debt
€819,214 ▼ 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
-€58,809▼
2024 · €119,280
Cash flow
-€82,347▼
2024 · €81,306
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
€504,359▲
2024 · €484,655
Debt > 1 year
€313,739▼
2024 · €397,639
Income taxes
€280▼
2024 · €24,771
Staff costs
€154,484▲
2024 · €56,689
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,219 companies that looked in July 2024 the way this one looks now, 3.5% went bankrupt within 24 months and 88% are still going.
- Micro
- 20 years or older
- solvency 10 to 30%
- a loss of 10% of the balance sheet or more
3.5%
went bankrupt
7.4%
stopped otherwise
88%
still going
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.3% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 1,219 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €5,799 | €0 | - | - |
| Remuneration, social security and pensions62 | - | - | - | €56,689 | €154,484 | ▲ 173% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13,856 | €13,767 | €6,211 | €11,497 | €60,486 | ▲ 426% |
| Other operating charges640/8 | - | €2,225 | €2,429 | €8,356 | €5,925 | ▼ 29.1% |
| Gross operating margin9900 | €157,898 | €228,220 | €211,092 | €184,325 | €101,600 | ▼ 44.9% |
| Operating profit (loss)9901 | €132,858 | €212,228 | €202,452 | €107,783 | -€119,295 | ▼ 211% |
| Financial income75/76B | - | €9,138 | €21,163 | €1,180 | €6,038 | ▲ 412% |
| Recurring financial income75 | €14,340 | €9,138 | €21,163 | €1,180 | €6,038 | ▲ 412% |
| Financial charges65/66B | - | €10,559 | €11,158 | €14,383 | €29,296 | ▲ 104% |
| Recurring financial charges65 | €16,825 | €10,559 | €11,158 | €14,383 | €29,296 | ▲ 104% |
| Profit (loss) for the period before taxes9903 | €130,374 | €210,808 | €212,457 | €94,580 | -€142,553 | ▼ 251% |
| Income taxes67/77 | - | €20,917 | €57,410 | €24,771 | €280 | ▼ 98.9% |
| Profit (loss) for the period9904 | €130,374 | €189,891 | €155,047 | €69,810 | -€142,833 | ▼ 305% |
| Profit (loss) for the period to be appropriated9905 | €130,374 | €189,891 | €155,047 | €69,810 | -€142,833 | ▼ 305% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.1m | €1.3m | €1.1m | €1.2m | €1.0m | ▼ 17.2% |
| Fixed assets21/28 | €21,008 | €7,241 | €1,030 | €140,465 | €132,987 | ▼ 5.3% |
| Tangible fixed assets22/27 | €21,008 | €7,241 | €1,030 | €140,465 | €123,967 | ▼ 11.7% |
| Plant, machinery and equipment23 | - | - | - | €4,265 | €9,055 | ▲ 112% |
| Furniture and vehicles24 | - | €1,909 | €1,030 | €299 | €8,118 | ▲ 2,611% |
| Leasing and similar rights25 | - | €5,332 | - | €135,900 | €106,794 | ▼ 21.4% |
| Financial fixed assets28 | - | - | - | - | €9,020 | - |
| Current assets29/58 | €1.1m | €1.3m | €1.1m | €1.1m | €887,576 | ▼ 18.7% |
| Stocks and contracts in progress3 | €85,211 | €261,549 | €124,942 | €0 | - | - |
| Stocks30/36 | - | €96,256 | €37,946 | €0 | - | - |
| Contracts in progress37 | - | €165,293 | €86,996 | €0 | - | - |
| Amounts receivable within one year40/41 | €555,326 | €961,983 | €897,349 | €936,521 | €814,791 | ▼ 13.0% |
| Trade receivables40 | - | €324,122 | €323,799 | €395,341 | €309,532 | ▼ 21.7% |
| Other amounts receivable41 | - | €637,862 | €573,550 | €541,180 | €505,259 | ▼ 6.6% |
| Current investments50/53 | €2,197 | €2,439 | €2,830 | €2,844 | €2,579 | ▼ 9.3% |
| Cash at bank and in hand54/58 | €123,470 | €27,386 | €58,649 | €147,855 | €65,500 | ▼ 55.7% |
| Deferred charges and accrued income490/1 | - | €1,375 | €394 | €5,089 | €4,705 | ▼ 7.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.1m | €1.3m | €1.1m | €1.2m | €1.0m | ▼ 17.2% |
| Equity10/15 | -€70,566 | €119,325 | €274,372 | €344,182 | €201,349 | ▼ 41.5% |
| Contributions10/11 | €137,000 | €137,000 | €137,000 | €137,000 | €137,000 | = |
| Capital10 | - | €137,000 | €137,000 | €137,000 | €137,000 | = |
| Issued capital100 | - | €137,000 | €137,000 | €137,000 | €137,000 | = |
| Reserves13 | €114,496 | €114,496 | €114,496 | €114,496 | €114,496 | = |
| Non-distributable reserves130/1 | - | €13,700 | €13,700 | €13,700 | €13,700 | = |
| Legal reserve130 | - | €13,700 | €13,700 | €13,700 | €13,700 | = |
| Tax-exempt reserves132 | - | €100,796 | €100,796 | €100,796 | €100,796 | = |
| Profit (loss) carried forward14 | -€322,062 | -€132,171 | €22,876 | €92,686 | -€50,147 | ▼ 154% |
| Amounts payable17/49 | €1.2m | €1.1m | €810,822 | €888,592 | €819,214 | ▼ 7.8% |
| Amounts payable after more than one year17 | €573,317 | €566,418 | €467,500 | €397,639 | €313,739 | ▼ 21.1% |
| Financial debts170/4 | - | €566,418 | €467,500 | €100,139 | €58,739 | ▼ 41.3% |
| Other amounts payable178/9 | - | - | - | €297,500 | €255,000 | ▼ 14.3% |
| Amounts payable within one year42/48 | €631,028 | €575,325 | €343,228 | €484,655 | €504,359 | ▲ 4.1% |
| Current portion of amounts payable after more than one year42 | - | €6,899 | €3,658 | €33,378 | €43,551 | ▲ 30.5% |
| Financial debts43 | - | €250,000 | €175,081 | €225,089 | €160,132 | ▼ 28.9% |
| Credit institutions430/8 | - | €250,000 | €175,081 | €225,089 | €160,132 | ▼ 28.9% |
| Trade debts44 | €370,552 | €243,699 | €162,156 | €197,569 | €296,535 | ▲ 50.1% |
| Suppliers440/4 | - | €243,699 | €162,156 | €197,569 | €296,535 | ▲ 50.1% |
| Advances received on contracts in progress46 | - | €53,869 | - | - | - | - |
| Taxes, remuneration and social security45 | - | €20,857 | €2,333 | €28,619 | €4,142 | ▼ 85.5% |
| Taxes450/3 | - | €20,857 | €2,333 | €26,676 | €356 | ▼ 98.7% |
| Remuneration and social security454/9 | - | - | - | €1,943 | €3,786 | ▲ 94.8% |
| Accrued charges and deferred income492/3 | - | €906 | €93 | €6,298 | €1,115 | ▼ 82.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €130,374 | €189,891 | €155,047 | €69,810 | -€142,833 | ▼ 305% |
| + Depreciation and write-downs630 | €13,856 | €13,767 | €6,211 | €11,497 | €60,486 | ▲ 426% |
| Operating cash flow (approximation) | €144,230 | €203,658 | €161,258 | €81,306 | -€82,347 | ▼ 201% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€150,931 | -€53,009 | ▲ 64.9% |
| Change in cash | - | -€96,084 | €31,263 | €89,206 | -€82,355 | ▼ 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 -€142,833
Net result drops to -€142,833, 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 €200,000Eq €274,372 ▲130%
5 profitable years in a row build equity to €274,372.
2022
22-12
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
30-06
Financial
Highest result since 2019net €189,891 ▲45.7%
Operating result €212,228, net result €189,891, both a record.
30-06
Financial
Equity above €100,000Eq €119,325
4 profitable years in a row build equity to €119,325.
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 €1.3m to €631,028.
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.
Structure & network
Owners and holdings
1 ownerChain of control
- CFJ
- PLAYGROUNDS
Highest known parent: CFJ. The sources do not say who stands above it.
Owners 1
- CFJparent100%
Holdings 0
The accounts to 30-06-2023 list no holdings, and no other source names one.
According to the annual accounts to 30-06-2023 of PLAYGROUNDS and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Recognitions · licences · registrations
Recognised contractor
2 categoriesPLAYGROUNDS SA20237
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Of 3,293 companies in sector 93110 we hold annual accounts for 1,496. 1,115 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
E-invoicing
Reachable via Peppol
Peppol ID
0208:0449887483
Registered
27-03-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.