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Release

Active Private limited companyfounded 2020active for 6 yearsGaspeldoornstraat 17, 2040 AntwerpKBO/BCE: BE 0746.901.582
Release
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Overview

Lifetime

5 annual accounts with figures on one time axis
peak €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 accounts

Result

€18,774 ▼ 84.0%
€118,0002024€18,8002025

The result fell in 2025 from €117,564 to €18,774.

Turnover

≈ €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
AprilJune31 JulyOctober20222024

The 2023 accounts came latest: 51 days after the end of the period.

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
  • Small
  • 5 to 10 years old
  • solvency 10 to 30%
  • a profit under 5% of the balance sheet

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.

The companies in ten equal groups, from the lowest to the highest expected share
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

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

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

Shares in 1 company,

Board & ownership

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
All 15 events

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
Company details

Annual accounts 2025

€82,794▲ 30.1%
€18,774▼ 84.0%
€112,887▲ 19.9%
€1.0m▼ 5.5%
Filing
Filed on 21-05-2026, 71 days before the end of the filing period
Financials

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.

Financials

Annual accounts 2025

micro format, filed on 21-05-2026, 71 days before the deadline
€82,794
▲ 30.1%
€55,939
▲ 77.8%
€18,774
▼ 84.0%
-€260,492
▼ €45,758
11.0%
▲ 2.3 percentage points
0.10
▼ 0.16

Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.

Turnover ≈ €250,000. Estimated: probably between €160,000 and €430,000.

Balance sheet

balance sheet total €1.0m on 31-12-2025
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

Compare with sector

11.0%

Higher than 36% of 3,155 companies in 2025.

0.10

Higher than 8% of 3,032 companies in 2025.

1.8%

Higher than 47% of 3,060 companies in 2025.

Release Middle half of the sector 80% of the sector Micro accounts in sports and recreation (NACE 93)

Net result: middle half · Equity: middle half · Balance sheet total: top quarter · Working capital: bottom quarter

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend20252024202318 months2022202114 months
Balance sheet: assets
20/58 1.0m1.1m1.1m2,4503,537
20 --01,4183,103
21/28 994,5721.0m1.0m--
22/27 489,572509,598529,624--
22 488,193507,624527,055--
23 1,3791,9742,569--
28 505,000500,000500,000--
29/58 29,90474,70499,2831,033434
40/41 13,5258,21485,973599-
40 5,4376,9042,403599-
41 8,0881,31083,571--
54/58 3,07059,5550434434
490/1 13,3106,93513,310--
Balance sheet: equity and liabilities
10/49 1.0m1.1m1.1m2,4503,537
10/15 112,88794,113-23,451-1,4521,566
10/11 5,0005,0005,0005,0005,000
13 107,88789,113---
133 107,88789,113---
14 -0-28,451-6,452-3,434
17/49 911,589990,1891.2m3,9021,971
17 616,159700,751784,157--
170/4 361,159385,751409,157--
178/9 255,000315,000375,000--
42/48 290,396289,437367,7523,9021,971
42 84,59383,40582,218--
44 6,4574,3273,847-1,212
440/4 6,4574,3273,847-1,212
45 18,9909,0380460460
450/3 18,9909,0380460460
47/48 180,356192,667281,6873,442299
492/3 5,0350450--
Income statement
9900 82,79463,63151,508-637-1,073
630 20,02620,02624,7681,6861,954
640/8 6,83012,14021,878695390
9901 55,93931,4654,862-3,018-3,416
75/76B 115116,552175--
75 115116,552175--
65/66B 27,53721,54127,036-18
65 27,53721,54127,036-18
9903 28,517126,476-22,000-3,018-3,434
67/77 9,7438,911---
9904 18,774117,564-22,000-3,018-3,434
9905 18,774117,564-22,000-3,018-3,434
Appropriation of the result
9906 18,77489,113-28,451-6,452-3,434
14P 0-28,451-6,452-3,434-
691/2 18,77489,113---
6921 18,77489,113---
Document PDFPDFPDFPDFPDF

The notes to these accounts have 9 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Source: Annual accounts 2025 (PDF), filed on 21-05-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank
Financial year Type Filed Reference Document
31-12-2025 micro format 21-05-2026 2026-00116745 PDF
31-12-2024 micro format 29-08-2025 2025-00430347 PDF
31-12-2023 micro format 20-09-2024 2024-00466386 PDF
30-06-2022 micro format 31-01-2023 2023-00011001 PDF
30-06-2021 micro format 31-01-2022 2022-03800498 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend20252024202318 months2022202114 months
75,96551,49129,630-1,332-1,462
38,800137,5902,768-1,332-1,480
5,00001.1m0-
-56,48659,555-4340-
-260,492-214,734-268,469-2,869-1,537
11.0%8.7%-2.1%--
0.100.260.27--
8.0810.52---
16.6%124.9%---
1.8%10.8%-1.9%--
2.762.391.10--

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Securities and guarantees

on own assets and for others
Item20252024202330-06-2022
Mortgages, amount registered-€465,000€465,000-
Carrying value of the mortgaged assets-€507,624€527,055-

Source: notes to the 2022 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)

Investments

fixed assets acquired
Item20252024202330-06-2022
Tangible fixed assets--€552,974-
Financial fixed assets€5,000-€500,000-
€20,026€20,026€24,768€1,686

Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)

Insights on Release

The operating result for 2025 is 78% higher than in 2024 and the highest since 2021. It is the fourth rise in a row.

Debt's share of the balance-sheet total falls from 91.3% to 89.0%. Equity is higher and debt is lower.

Board & ownership

Board

2 directors, no change since 2024
Director, permanent representative
since 15-12-2023
also on the board of 1 other company
listed in the 2025 annual accounts, filed on 21-05-2026
Director, permanent representative
appointed by deed of 22-02-2024
also on the board of 1 other company
listed in the 2025 annual accounts, filed on 21-05-2026
Permanent representatives 2
Permanent representative, for
appointed by deed of 22-02-2024
Permanent representative, for
appointed by deed of 22-02-2024

Office holders in the KBO →

Mandates through the years

4 names, the dashed line is today

Director

Director

Director

Director
BoardEarliermandate already running before its first mention
Mandates as a list
    • Director, since before 30-06-2022
    • Director, since before 30-06-2022
    • Director, appointed by deed of 18-05-2020, until 22-02-2024
    • Director, from before 30-06-2022 to 22-02-2024

See the board, name and registered office on a given date →

Control

Founders
,
This company
Release
Equity €112,887
Profit €18,774 in 2025

Capital

Contribution
€5,000
Shares
100
Contribution per share
€50
Equity per share
€1,129 in 2025
Source
deed of 18-05-2020

Articles of association

DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 18-05-2020 (in Dutch)
Board ruleThese rules set how the board is made up, meets and takes decisions.
At least 1 director
1 director
deed of 18-05-2020 (in Dutch)
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Last Friday of June at 17:00
deed of 02-04-2024 (in Dutch)

Shareholders

At incorporation deed of 18-05-2020 ↗
  • 50 shares (50%) · €2,500
  • 50 shares (50%) · €2,500

Network & group

Holdings

own 2024 accounts, the bar shows equity in euros
This companyRelease1 holding, 1 country 2024 accounts

Belgium 1 Equity Result

  • BE 26% €1.7m result €368,599

Source: list of holdings in its own 2024 accounts. Every holding stands with its own latest accounts.

At the same address

Gaspeldoornstraat 17, 2040 Antwerp · 3 other companies
HOEFKENS TIM
registered office since 01-06-2023 · founded in 2023
 total assets €445,610 (2025)
0802.312.437
JT Foodmakers
registered office since 13-03-2025 · founded in 2025
 total assets €41,180 (2025)
1020.978.448
VAN DE HOGE
registered office since 07-06-2021
 founded in 2021
0769.414.094

Holdings and subsidiaries

1 holding

Holdings 1

Share, source and own figures per holding (1)
  • Equity €1.7m Profit of €368,599 in 2025 (profit of €269,441 in 2024) Checked score
    Sourceown accounts 2024
    26%
Holdings through the years 2023 to 2024
Holdings through the years
Name20232024
26%

Source: list of holdings in its own accounts

Connections & network

2 current directors
Depth

The network lets you explore the ties of Release.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.

Timeline

Timeline

15 events since 2020

Deadline for the 2026 accounts: 31-07-2027

2026
Annual accounts 2025 filed PDFmicro format · 71 days before the deadline
2025
Equity above €100,000 equity €112,887 ▲19.9% After 2 profitable years in a row, equity reaches €112,887.
Registered in the Peppol Directory Reachable for e-invoices through 0208:0746901582
Annual accounts 2024 filed PDFmicro format · 29 days late
2024
Back to profit net €117,564 The net result is €117,564, after 3 loss-making years.
Annual accounts 2023 filed PDFmicro format · 51 days late
Amendment of the articlesGeneral meeting of 25-03-20242 points ▸
  • General meeting, 25-03-2024
  • Amendment of the articles, article 5
  • The deed holds 4 more points.

Open the deed in the Belgian Official Gazette

2 directors appointed, 2 resignationsResignations: and · Appointments: and · Director discharge: · General meeting of 15-12-20237 points ▸
  • General meeting, 15-12-2023
  • Director resignation,
  • Director resignation,
  • Director discharge,
  • Director discharge,
  • Director appointment,
  • Director appointment,
  • The deed holds 1 more point.

Open the deed in the Belgian Official Gazette

2023
Weakest financial year net -€22,000 The net result drops to -€22,000, the lowest from 2021 to 2025. It recovers the following year.
Annual accounts 2022 filed PDFmicro format · on the deadline day
2022
Appointment: (director)“De functie van zaakvoerder,bestuurder,vereffenaar,manager of gemandateerde waarnemen evenals elke directie- of…” (deed in Dutch) · General meeting of 27-10-20222 points ▸
  • General meeting, 27-10-2022
  • Director appointment,
  • The deed holds 2 more points.

Open the deed in the Belgian Official Gazette

Annual accounts 2021 filed PDFmicro format · on the deadline day
2020
Registered office moved within AntwerpNew registered office: Gaspeldoonstraat 17, 2040 Antwerpen · Previous registered office: Hessenplein 2, 2000 Antwerpen · Board meeting of 25-06-20202 points ▸
  • Board meeting, 25-06-2020
  • Registered-office move, Gaspeldoonstraat 17, 2040 Antwerpen

Open the deed in the Belgian Official Gazette

First establishment Tunnelplaats 2, Antwerp
IncorporationFounding capital of €5,000, 100 shares · Founders: and · Appointment: (director) · published on 18-05-20205 points ▸
  • Founder,
  • Founder,
  • Founding capital, €5,000, 100 shares
  • Director appointment,
  • Power of attorney,
  • The deed holds 8 more points.

Open the deed in the Belgian Official Gazette

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

On 14 May 2020, Release was incorporated as a private limited company by two natural persons, with a starting capital of €5,000.12 In 2020 the registered office moved to Antwerp.3 Today the board has 2 members.4 Total assets went from €3,537 in 2021 to €1.0m in 2025.5

  1. 1KBO register
  2. 2Belgian Official Gazette, 18-05-2020
  3. 3Belgian Official Gazette, 01-10-2020
  4. 4National Bank, annual accounts 2025
  5. 5National Bank, annual accounts 2021 and 2025

Company details

Identity

Enterprise number
0746.901.582
VAT number
BE 0746.901.582
Peppol ID
0208:0746901582
Other Peppol ID
9925:BE0746901582
Legal form
Private limited company
Status
Active, normal situation
Founded
14-05-2020
Financial year
ends on 31 December
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Last Friday of June at 17:00
deed of 02-04-2024 (in Dutch)
Peppol
Reachable since 02-12-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
Release in Dutch
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 18-05-2020 (in Dutch)
Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Vlaams Gewest”
deed of 18-05-2020 (in Dutch)

Activities

NACEBEL 2025
93130 Fitness centres main activity
Codes under NACEBEL 2008
93130 Sports, amusement and recreation activities main activity
PurposeThe purpose describes the activities the company may carry out under its articles.
“De functie van zaakvoerder,bestuurder,vereffenaar,manager of gemandateerde waarnemen evenals elke directie- of controlefunctie in…”
16 activities
  1. De functie van zaakvoerder,bestuurder,vereffenaar,manager of gemandateerde waarnemen evenals elke directie- of controlefunctie in ondernemingen en vennootschappen.Ook kan zij werken als holdingvennootschap.
  2. Het leveren van diensten,het geven van adviezen,het maken van studies,het voorbereiden en op gang brengen van organisatiesystemen,en alle technieken in verband met het technisch,administratief,economisch en algemeen beheer van ondernemingen.
  3. De verwerving van roerende goederen waaronder participaties onder gelijk welke vorm in handels-,industriële en financiële ondernemingen,zo Belgische als buitenlandse,het beheer,evenals het te gelde maken van deze participaties,de verwerving door deelneming,inschrijving,aankoop,optie of om het even welke wijze,van deelbewijzen,aandelen,obligaties,waarden en titels…
  4. Het verkrijgen door aankoop in volle eigendom,in blote eigendom of in tijdelijk vruchtgebruik of anderszins,verkopen,ruilen,verbeteren,uitrusten,verbouwen,belasten met,beschikken over,productief maken,het verhuren en in huur nemen van alle onroerende goederen B2B en B2C zowel in België als in het buitenland dus in het algemeen alle onroerende verrichtingen.
  5. DJ-activiteiten,producer,singer-songwriter.
  6. Import,export,commissiehandel en handel van alle consumptiegoederen,grondstoffen en fabricaten,hetzij voor eigen rekening hetzij voor rekening van derden opdrachtgevers.
  7. Het uitbaten van één of meerdere sport-,dans-,aerobic- en fitnesscentra,zwembad,solarium en zonnebankcenter,sauna en massagesalon;
  8. De uitbating van speel- en sportterreinen en het organiseren van allerlei sportactiviteiten;
  9. De begeleiding van cliënteel op sportief gebied;
  10. De in- en uitvoer,groot- en kleinhandel van alle kleding en schoeisel,boeken,accessoires,voedingssupplementen en andere sportartikelen;
  11. Het begeleiden van en het adviseren van derden bij het inrichten en het uitbaten van bedrijven met voornoemde bedrijvigheden;
  12. Het inrichten,organiseren en geven van allerhande opleidingen en trainingen bij middel van alle mogelijke voordrachten,cursussen,seminaries,workshops,ontwikkelingsactiviteiten en publicaties,dit alles in het algemeen en in het bijzonder in het kader van de activiteiten die verband houden met het maatschappelijk voorwerp van de vennootschap.
  13. Het uitbaten en inrichten van één of meerdere restaurants,spijshuizen,snackbars,verbruikerssalons,tearooms,milkbars,cafés,bars,bodega’s en tavernes evenals alle drankgelegenheden allerhande met al of niet alcoholhoudende dranken en sterke dranken,kortom alle activiteiten in de horecasector en het horecabedrijf in de ruimste zin van het woord,met inbegrip van de verkoop van tabaks- en rookwaren,zichtkaarten,suikergoedwaren,belegde broodjes,snoepgoed,parfumerieartikelen,snuisterijen en fantasieartikelen,souvenirs en folkloreartikelen evenals luxeartikelen;
  14. Het organiseren van feesten allerhande,banketten,barbecues en alle andere activiteiten hiermee rechtstreeks of onrechtstreeks verband houdende
  15. Het ter beschikking stellen/verhuren van allerhande ruimten/flexi-/coworkspace;
  16. Het organiseren van allerlei evenementen.
deed of 14-11-2022 (in Dutch)

Registered office and establishments

1 establishment
Establishment Since Unit numberFASFC approval
Gaspeldoornstraat 17 registered office 2040 Antwerp
Tunnelplaats 2 2000 Antwerp 19-05-2020 2.302.292.228 Itinerant food vendors
1 former office
  • Hessenplein 2, 2000 Antwerpen until 25-06-2020 · deed of 01-10-2020

Buildings and parcels at the address

Ground area
6,109 m²
Buildings
319 m²
Volume, LiDAR
1,501 m³
Tallest building
21.2 m
Buildings to scale, each on its own parcel
319 m², 21.2 m 319 m², 21.2 m

Location

registered office establishment approximate The establishment unit on the map
4 companies at this address See who is registered here

Parcels

Cadastral parcelArea Buildings Height / floors
11820B0482/00A0036,109 m² 1 · 319 m² 21.2 m · 1

Recognitions

Food safety, FASFC

1 site
Antwerpunit number 2.302.292.228
1 permission
Authorisation · Itinerant food vendors · since 01-06-2024

Source: FAVV-AFSCA, open data, updated on 02-11-2026

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