Result
€18,774 ▼ 84.0%
The result fell in 2025 from €117,564 to €18,774.
Release
Lifetime
5 annual accounts with figures on one time axispeak €82,794 (2025)
€82,794▲ 30.1%
lowest -€22,000 (2023)
€18,774▼ 84.0%
peak €112,887 (2025)
€112,887▲ 19.9%
€911,589▼ 7.9%
Board4 names since 2020
2 directors and 1 other
Documentsfilings and deeds
21-05-202671 days before the deadline
2025micro format
Gross margin from €63,631 to €82,794Result from €117,564 to €18,774Equity from €94,113 to €112,887Cash from €59,555 to €3,070
Key points
from the 2025 annual accountsTurnover
≈ €250,000 estimated
The micro format states no turnover.
Debts
€911,589 89% of the balance sheet
Financial debts 40%Suppliers 1%Taxes and wages 2%Other 58%
Of this, €290,396 falls due within a year.
Filings
5 annual accounts 2 late
The 2023 accounts came latest: 51 days after the end of the period.
Starting capital
€5,000 100 shares
Position in the sector
€1.0m
Larger balance sheet than 91% of companies in sports and recreation. Sector median €151,189 · 3,156 companies.
Checked score
Bankruptcy probability within 12 months
Financial strength
Score breakdown
Comparable companies, two years later
In July 2024, 2,372 companies had the same profile as Release has now. Each dot stands for 6 companies, two years later.
96.6%
were still trading
1.4%
stopped another way
1.8%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
Test of the method
The method was tested on the 497,762 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 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
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 2,372 companies, not a prediction for Release. 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.
Credit verdict
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Board and ownership
Director, since 15-12-2023
Director,
- 50 sharesdeed of 18-05-2020
- 50 sharesdeed of 18-05-2020
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0746901582
Amendment of the articles
General meeting of 25-03-2024 · Gazette deed
2 directors appointed, 2 resignations
Resignations: and · Appointments: and · Director discharge: · General meeting of 15-12-2023 · Gazette deed
Appointment: (director)
“De functie van zaakvoerder,bestuurder,vereffenaar,manager of gemandateerde waarnemen evenals elke directie- of…” (deed in Dutch) · General meeting of 27-10-2022 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| Release Antwerp | €1.0m | €82,794 | 11.0% | - |
| Re.Charge Antwerp | €1.0m | €83,584 | 1.8% | - |
| Y-GROUP Ypres | €1.0m | €98,005 | -40.0% | 14.1 |
| COMPLETE ATHLETIC PROGRAM Gistel | €0.7m | €61,914 | 24.3% | - |
| Gi Makoto Antwerp | €0.5m | €83,416 | -20.5% | - |
| COLTAN Kampenhout | €0.7m | €80,122 | 12.9% | - |
| BRUSSELS BARBELL Ixelles | €0.6m | €78,368 | -7.0% | - |
These companies have the same main activity as Release: fitness centres (NACE 93130). They are comparable in size and age: total assets between €528,000 and €974,000, founded between 2019 and 2021.
Official details
Source: KBO- Status
- Active since 14-05-2020Normal situation
- Activity
- Fitness centresNACE 93130
- Establishment unit
- 2.302.292.2282000 Antwerp, since 19-05-2020
- Financial year end
- 31 December
- Peppol
- Reachable since 02-12-2025
Annual accounts 2025
- €1.0m▼ 5.5%
- Filing
- Filed on 21-05-2026, 71 days before the end of the filing period
Insights on Release
Release files the micro format. That format states no turnover. The gross margin rose from -€1,073 in 2021 to €82,794 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about Release
- What is the company number of Release?
- The company number of Release is 0746.901.582. The VAT number is the same number with BE in front: BE 0746.901.582.
- Where is Release based?
- The registered office is at Gaspeldoornstraat 17, 2040 Antwerp.Company details
- What does Release do?
- According to the KBO register, the main activity is fitness centres (NACE 93130).
- What is the legal form of Release?
- Release is a private limited company (BV).
- When was Release founded?
- Release was founded on 14-05-2020.
- Is Release still active?
- Yes, Release is an active enterprise in the KBO register.
- What is the turnover of Release?
- The turnover in financial year 2025 is ≈ €250,000. This figure is estimated from the gross margin of €82,794 and 2,666 comparable companies of the same size. It probably lies between €160,000 and €430,000. It is a rough estimate.Financials
- Is Release profitable?
- In financial year 2025, Release made a profit of €18,774.
- Where can I find the annual accounts of Release?
- Release filed 5 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of Release due?
- Release must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark See what changed in the latest annual accounts.What changed
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