Release
ActiveSummary
Release has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €113k and a net result of €19k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 36% of 2318 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability44▼-8
Solvency36▲+2
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity short (current ratio 0.1 against 0.26 in 2024; short-term debt: 28.3% and cash: 0.3% of total assets), and 89% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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 · 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
11%
Return on assets
1.8%
Age of the figures
9 mo
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 21-05-2026, 71 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
71 d early
2024
29 d late
2023
51 d late
2022
on the day
2021
on the day
← 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
€113k▲ 19.9%
2024 · €94k
2021: €2k
2022: €-1k▼ -193% vs 2021
2023: €-23k▼ -1515% vs 2022lowest in 5 years
2024: €94k▲ +501% vs 2023
2025: €113k▲ +19.9% vs 2024highest in 5 years
2021 → 2025
Total assets
€1.02M▼ 5.5%
2024 · €1.08M
2021: €4k
2022: €2k▼ -30.7% vs 2021lowest in 5 years
2023: €1.13M▲ +45972% vs 2022highest in 5 years
2024: €1.08M▼ -4.0% vs 2023
2025: €1.02M▼ -5.5% vs 2024
2021 → 2025
Net result
€19k▼ 84.0%
2024 · €118k
2021: €-3k
2022: €-3k▲ +12.1% vs 2021
2023: €-22k▼ -629% vs 2022lowest in 5 years
2024: €118k▲ +634% vs 2023highest in 5 years
2025: €19k▼ -84.0% vs 2024
2021 → 2025
Working capital
€-260k▼ 21.3%
2024 · €-215k
2021: €-2khighest in 5 years
2022: €-3k▼ -86.6% vs 2021
2023: €-268k▼ -9257% vs 2022lowest in 5 years
2024: €-215k▲ +20.0% vs 2023
2025: €-260k▼ -21.3% vs 2024
2021 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€2k-€-1k€-23k▼ 1,515%€94k€113k▲ 19.9%
2021: €2k
2022: €-1k▼ -193% vs 2021
2023: €-23k▼ -1515% vs 2022lowest in 5 years
2024: €94k▲ +501% vs 2023
2025: €113k▲ +19.9% vs 2024highest in 5 years
Operating result€-3k-€-3k▲ 11.7%€5k€31k▲ 547%€56k▲ 77.8%
2021: €-3klowest in 5 years
2022: €-3k▲ +11.7% vs 2021
2023: €5k▲ +261% vs 2022
2024: €31k▲ +547% vs 2023
2025: €56k▲ +77.8% vs 2024highest in 5 years
Net result€-3k-€-3k▲ 12.1%€-22k▼ 629%€118k€19k▼ 84.0%
2021: €-3k
2022: €-3k▲ +12.1% vs 2021
2023: €-22k▼ -629% vs 2022lowest in 5 years
2024: €118k▲ +634% vs 2023highest in 5 years
2025: €19k▼ -84.0% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 78% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.02M
Fixed assets
€995k ▼ 1.5%
Current assets
€30k ▼ 60.0%
Equity and liabilities €1.02M
Equity
€113k ▲ 19.9%
Debt
€912k ▼ 7.9%
Debt's share of the balance-sheet total falls from 91.3% to 89.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€76k▲
2024 · €51k
Cash flow
€39k▼
2024 · €138k
Current ratio
0.10▼
2024 · 0.26
Debt to equity
8.08▼
2024 · 10.52
ROE
16.6%▼
2024 · 124.9%
ROA
1.8%▼
2024 · 10.8%
Interest coverage
2.76▲
2024 · 2.39
Debt ≤ 1 year
€290k▲
2024 · €289k
Debt > 1 year
€616k▼
2024 · €701k
Income taxes
€10k▲
2024 · €9k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 46 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.08M€1.02M▼
Fixed assets21/28€1.01M€995k▼
Tangible fixed assets22/27€510k€490k▼
Land and buildings22€508k€488k▼
Plant, machinery and equipment23€2k€1k▼
Financial fixed assets28€500k€505k▲
Current assets29/58€75k€30k▼
Amounts receivable within one year40/41€8k€14k▲
Trade receivables40€7k€5k▼
Other amounts receivable41€1k€8k▲
Cash at bank and in hand54/58€60k€3k▼
Deferred charges and accrued income490/1€7k€13k▲
Equity and liabilities
Total equity and liabilities10/49€1.08M€1.02M▼
Equity10/15€94k€113k▲
Contributions10/11€5k€5k=
Reserves13€89k€108k▲
Distributable reserves133€89k€108k▲
Profit (loss) carried forward14€0-
Amounts payable17/49€990k€912k▼
Amounts payable after more than one year17€701k€616k▼
Financial debts170/4€386k€361k▼
Other amounts payable178/9€315k€255k▼
Amounts payable within one year42/48€289k€290k▲
Current portion of amounts payable after more than one year42€83k€85k▲
Trade debts44€4k€6k▲
Suppliers440/4€4k€6k▲
Taxes, remuneration and social security45€9k€19k▲
Taxes450/3€9k€19k▲
Other amounts payable47/48€193k€180k▼
Accrued charges and deferred income492/3€0€5k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€20k€20k=
Other operating charges640/8€12k€7k▼
Gross operating margin9900€64k€83k▲
Operating profit (loss)9901€31k€56k▲
Financial income75/76B€117k€115▼
Recurring financial income75€117k€115▼
Financial charges65/66B€22k€28k▲
Recurring financial charges65€22k€28k▲
Profit (loss) for the period before taxes9903€126k€29k▼
Income taxes67/77€9k€10k▲
Profit (loss) for the period9904€118k€19k▼
Profit (loss) for the period to be appropriated9905€118k€19k▼
Appropriation of the result
Profit (loss) to be appropriated9906€89k€19k▼
Profit (loss) brought forward from the previous period14P€-28k€0▲
Transfer to equity691/2€89k€19k▼
To other reserves6921€89k€19k▼
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | €2k | €25k | €20k | €20k | = |
| Other operating charges640/8 | - | €695 | €22k | €12k | €7k | ▼ 43.7% |
| Gross operating margin9900 | €-1k | €-637 | €52k | €64k | €83k | ▲ 30.1% |
| Operating profit (loss)9901 | €-3k | €-3k | €5k | €31k | €56k | ▲ 77.8% |
| Financial income75/76B | - | - | €175 | €117k | €115 | ▼ 99.9% |
| Recurring financial income75 | - | - | €175 | €117k | €115 | ▼ 99.9% |
| Financial charges65/66B | - | - | €27k | €22k | €28k | ▲ 27.8% |
| Recurring financial charges65 | €18 | - | €27k | €22k | €28k | ▲ 27.8% |
| Profit (loss) for the period before taxes9903 | €-3k | €-3k | €-22k | €126k | €29k | ▼ 77.5% |
| Income taxes67/77 | - | - | - | €9k | €10k | ▲ 9.3% |
| Profit (loss) for the period9904 | €-3k | €-3k | €-22k | €118k | €19k | ▼ 84.0% |
| Profit (loss) for the period to be appropriated9905 | €-3k | €-3k | €-22k | €118k | €19k | ▼ 84.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €4k | €2k | €1.13M | €1.08M | €1.02M | ▼ 5.5% |
| Formation expenses20 | €3k | €1k | €0 | - | - | - |
| Fixed assets21/28 | - | - | €1.03M | €1.01M | €995k | ▼ 1.5% |
| Tangible fixed assets22/27 | - | - | €530k | €510k | €490k | ▼ 3.9% |
| Land and buildings22 | - | - | €527k | €508k | €488k | ▼ 3.8% |
| Plant, machinery and equipment23 | - | - | €3k | €2k | €1k | ▼ 30.1% |
| Financial fixed assets28 | - | - | €500k | €500k | €505k | ▲ 1.0% |
| Current assets29/58 | €434 | €1k | €99k | €75k | €30k | ▼ 60.0% |
| Amounts receivable within one year40/41 | - | €599 | €86k | €8k | €14k | ▲ 64.7% |
| Trade receivables40 | - | €599 | €2k | €7k | €5k | ▼ 21.2% |
| Other amounts receivable41 | - | - | €84k | €1k | €8k | ▲ 517% |
| Cash at bank and in hand54/58 | €434 | €434 | €0 | €60k | €3k | ▼ 94.8% |
| Deferred charges and accrued income490/1 | - | - | €13k | €7k | €13k | ▲ 91.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €4k | €2k | €1.13M | €1.08M | €1.02M | ▼ 5.5% |
| Equity10/15 | €2k | €-1k | €-23k | €94k | €113k | ▲ 19.9% |
| Contributions10/11 | - | €5k | €5k | €5k | €5k | = |
| Reserves13 | - | - | - | €89k | €108k | ▲ 21.1% |
| Distributable reserves133 | - | - | - | €89k | €108k | ▲ 21.1% |
| Profit (loss) carried forward14 | €-3k | €-6k | €-28k | €0 | - | - |
| Amounts payable17/49 | €2k | €4k | €1.15M | €990k | €912k | ▼ 7.9% |
| Amounts payable after more than one year17 | - | - | €784k | €701k | €616k | ▼ 12.1% |
| Financial debts170/4 | - | - | €409k | €386k | €361k | ▼ 6.4% |
| Other amounts payable178/9 | - | - | €375k | €315k | €255k | ▼ 19.0% |
| Amounts payable within one year42/48 | €2k | €4k | €368k | €289k | €290k | ▲ 0.3% |
| Current portion of amounts payable after more than one year42 | - | - | €82k | €83k | €85k | ▲ 1.4% |
| Trade debts44 | €1k | - | €4k | €4k | €6k | ▲ 49.2% |
| Suppliers440/4 | - | - | €4k | €4k | €6k | ▲ 49.2% |
| Taxes, remuneration and social security45 | - | €460 | €0 | €9k | €19k | ▲ 110% |
| Taxes450/3 | - | €460 | €0 | €9k | €19k | ▲ 110% |
| Other amounts payable47/48 | - | €3k | €282k | €193k | €180k | ▼ 6.4% |
| Accrued charges and deferred income492/3 | - | - | €450 | €0 | €5k | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-3k | €-3k | €-22k | €118k | €19k | ▼ 84.0% |
| + Depreciation and write-downs630 | €2k | €2k | €25k | €20k | €20k | = |
| Operating cash flow (approximation) | €-1k | €-1k | €3k | €138k | €39k | ▼ 71.8% |
| Investment in fixed assets (approximation) | - | - | - | €0 | €-5k | - |
| Change in cash | - | €0 | €-434 | €60k | €-56k | ▼ 195% |
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
21-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Equity above €100kEq €113k ▲19.9%
2 profitable years in a row build equity to €113k.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Back to profitnet €118k
Net result €118k after 3 loss-making years.
20-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 51 days late
2023
31-12
Financial
Weakest financial yearnet €-22k
Net result drops to €-22k, the lowest in the series; recovery starts the following year.
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Antwerpen · 1 establishment unit since 2020
Ground area
8,705 m²
Building footprint
2,436 m²
Volume, LiDAR
31,771 m³
2 parcels, Flanders · tallest building 21.2 m, ±5 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
Release
since 20202.302.292.228
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11820B0482/00A003 | Flanders | 6,109 m² | 1 · 319 m² | 21.2 m · 1 fl. |
| 11802B2282/00B000 | Flanders | 2,596 m² | 1 · 2,118 m² | 21.2 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels 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 siteAntwerpen2.302.292.228
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Of 1,519 companies in sector 93130 we hold annual accounts for 687. 526 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
Founded14-05-2020
Fiscal year end31-12
Activities, NACEBEL 2025
93130Fitness centres
Scores and ratios are computed by Checked and are not a credit decision.