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ROBINCE

Active
Public limited companyfounded 1994active for 32 yearsLeonie Van Moerstraat 11, 9160 Lokeren, BelgiumKBO/BCE: BE 0452.003.073

Financials · financial year 2025, micro format

2025 annual accounts filed 15 days after the deadline Filed on 15 February 2026, deadline 31 January 2026 (7 months after the close on 30 June 2025, Companies Code art. 3:10). Source: NBB, 2026-00039082.

Annual accounts 2025 filed on 15-02-2026 PDF all 32 filings

Equity
€399,106▼ 4.2%
2024 · €416,485
Total assets
€402,084▼ 4.5%
2024 · €420,896
Net result
-€17,379▼ 519%
2024 · -€2,806
Working capital
€224,705▼ 4.4%
2024 · €235,135
Trend over the years

2021 to 2025, 5 financial years 2019 to 2025, 7 financial years

The operating result for 2025 is a loss of €17,948, larger than the loss of €2,860 in 2024.

Operating result-€17,948 2025 Net result-€17,379 2025

Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.

Use the arrow keys on the chart for the figures per year.

The sector band is the middle half of the companies in Sports, amusement and recreation activities (NACE 93). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio, return on assets (ROA) and staff (FTE).

Every figure with its change against the financial year before
favourable unfavourable
Line2019202020212022202320242025
Operating result€9,500-€124,554▲ 13×€31,503▼ 74.7%-€26,283-€12,098▲ 54.0%-€2,860▲ 76.4%-€17,948▼ 528%
Net result€10,048-€87,858above the sector's middle half▲ 774%€21,812above the sector's middle half▼ 75.2%-€25,776below the sector's middle half-€12,377below the sector's middle half▲ 52.0%-€2,806within the sector's middle half▲ 77.3%-€17,379below the sector's middle half▼ 519%
Equity€409,148-€497,006above the sector's middle half▲ 21.5%€512,768above the sector's middle half▲ 3.2%€486,992above the sector's middle half▼ 5.0%€419,291above the sector's middle half▼ 13.9%€416,485above the sector's middle half▼ 0.7%€399,106above the sector's middle half▼ 4.2%
Total assets€436,856-€543,586above the sector's middle half▲ 24.4%€541,087above the sector's middle half▼ 0.5%€494,769above the sector's middle half▼ 8.6%€422,276above the sector's middle half▼ 14.7%€420,896above the sector's middle half▼ 0.3%€402,084above the sector's middle half▼ 4.5%
Debt€27,708-€46,580▲ 68.1%€28,319▼ 39.2%€7,778▼ 72.5%€2,985▼ 61.6%€4,411▲ 47.8%€2,978▼ 32.5%
Working capital€178,751-€281,097above the sector's middle half▲ 57.3%€285,139above the sector's middle half▲ 1.4%€282,264above the sector's middle half▼ 1.0%€232,456above the sector's middle half▼ 17.6%€235,135above the sector's middle half▲ 1.2%€224,705above the sector's middle half▼ 4.4%
Solvency93.7%-91.4%above the sector's middle half▼ 2.2pp94.8%above the sector's middle half▲ 3.3pp98.4%above the sector's middle half▲ 3.7pp99.3%above the sector's middle half▲ 0.9pp99.0%above the sector's middle half▼ 0.3pp99.3%above the sector's middle half▲ 0.3pp
Current ratio7.51-7.09above the sector's middle half▼ 0.4211.52above the sector's middle half▲ 4.4339.48above the sector's middle half▲ 27.9594.02above the sector's middle half▲ 54.5461.14above the sector's middle half▼ 32.8892.25above the sector's middle half▲ 31.11
Return on assets (ROA)2.3%-16.2%above the sector's middle half▲ 13.9pp4.0%within the sector's middle half▼ 12.1pp-5.2%below the sector's middle half▼ 9.2pp-2.9%within the sector's middle half▲ 2.3pp-0.7%within the sector's middle half▲ 2.3pp-4.3%within the sector's middle half▼ 3.7pp
Staff (FTE)2-2within the sector's middle half=2=1▼ 50.0%
above within below The sector band is the middle half of the companies in Sports, amusement and recreation activities (NACE 93). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin are not published. The micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €402,084
Fixed assets €174,916 ▼ 3.8%
Current assets €227,167 ▼ 5.0%
Equity and liabilities €402,084
Equity €399,106 ▼ 4.2%
Debt €2,978 ▼ 32.5%
Debt's share of the balance-sheet total falls from 1.0% to 0.7%. Equity and debt are lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
-€5,889▼
2024 · €8,647
Cash flow
-€5,320▼
2024 · €8,701
Debt to equity
0.01▼
2024 · 0.01
ROE
-4.4%▼
2024 · -0.7%
Interest coverage
-40.98▼
2024 · over 100
Debt ≤ 1 year
€2,463▼
2024 · €3,910
Income taxes
€141▲
2024 · €136
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Staff

social balance sheet
Item30-06-2022
Average over the year, in full-time equivalents1
Joined0
Left2

Source: social balance sheet in the 2022 annual accounts

Investments

fixed assets acquired
Item30-06-202230-06-202330-06-202430-06-2025
Tangible fixed assets€2,000-€6,037€5,124
Depreciation and write-downs of the year€17,982€17,848€11,507€12,059

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

Subsidies and aid

Flemish government

2022 to 2024 · 2 entries · €8,400 awarded · €8,400 paid
Year Entries AwardedPaid
2024 1 €900€900
2022 1 €7,500€7,500
Schemes
1 entry · €7,500 · €7,500 paid · Fonds voor Innoveren en Ondernemen
1 entry · €900 · €900 paid · Fonds voor Innoveren en Ondernemen

Comparable companies

These companies have the same main activity as ROBINCE: fitness centres (NACE 93130). They are comparable in size and age: total assets between €277,000 and €1m, founded between 1988 and 2009.

CompanyFoundedTotal assetsEquityGross marginNet resultFTEFinancial year
ROBINCE Lokeren1994€0.4m€0.4m-€0.003m-€0.02m-2025
BAF Antwerpen1997€0.5m€0.2m-€0.003m-€0.06m02025
IMMO UP INVEST Lasne2007€0.5m-€0.1m-€0.003m-€0.004m-2025
ILSAKI Aalter2008€0.3m€0.3m-€0.01m-€0.01m-2026
INTO ACTION Aalst2009€0.3m€0.07m-€0.01m-€0.05m-2025
HELLAS Gavere1995€1.0m€0.4m-€0.02m-€0.05m-2025
MAERIEN INVEST Retie1988€0.4m€0.4m€0.003m€0.01m-2025

They were chosen from the 807 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity

Companies with the same profile, two years later

Historical observation

In July 2024, 12,322 companies had the same profile as ROBINCE has now. Two years later, 0.7% had gone bankrupt and 90.3% were still going.

  • Micro
  • 20 years or older
  • solvency 30% or more
  • a small loss
0.7% went bankrupt
8.6% stopped otherwise
90.3% was still going

Another 0.5% stopped without a precise date, possibly only after those two years.

That fits the bankruptcy probability of ROBINCE itself: 0.1% within 12 months.

Test of the method

The method was tested on the 497,445 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 3.0% 3.1%
10 5.6% 6.2%

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 12,322 companies, not a prediction for ROBINCE. 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.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 43 lines

Source: Annual accounts 2025 (PDF), filed on 15-02-2026.

Balance sheet Code20242025
Assets
Total assets20/58€420,896€402,084▼
Fixed assets21/28€181,851€174,916▼
Tangible fixed assets22/27€181,851€174,916▼
Land and buildings22€164,669€166,199▲
Plant, machinery and equipment23€3,792€4,105▲
Furniture and vehicles24€13,390€4,612▼
Current assets29/58€239,045€227,167▼
Amounts receivable within one year40/41€16,748€32,297▲
Trade receivables40€8,186€7,365▼
Other amounts receivable41€8,562€24,932▲
Cash at bank and in hand54/58€218,237€193,448▼
Deferred charges and accrued income490/1€4,060€1,423▼
Equity and liabilities
Total equity and liabilities10/49€420,896€402,084▼
Equity10/15€416,485€399,106▼
Contributions10/11€61,500€61,500=
Capital10€61,500€61,500=
Issued capital100€61,500€61,500=
Reserves13€288,578€288,578=
Non-distributable reserves130/1€7,500€7,500=
Legal reserve130€7,500€7,500=
Distributable reserves133€281,078€281,078=
Profit (loss) carried forward14€66,407€49,028▼
Amounts payable17/49€4,411€2,978▼
Amounts payable within one year42/48€3,910€2,463▼
Trade debts44€2,215€1,285▼
Suppliers440/4€2,215€1,285▼
Taxes, remuneration and social security45€1,695€1,177▼
Taxes450/3€1,695€1,177▼
Accrued charges and deferred income492/3€501€515▲
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11,507€12,059▲
Other operating charges640/8€2,829€2,946▲
Gross operating margin9900€11,476-€2,943▼
Operating profit (loss)9901-€2,860-€17,948▼
Financial income75/76B€229€854▲
Recurring financial income75€229€854▲
Financial charges65/66B€39€144▲
Recurring financial charges65€39€144▲
Profit (loss) for the period before taxes9903-€2,670-€17,238▼
Income taxes67/77€136€141▲
Profit (loss) for the period9904-€2,806-€17,379▼
Profit (loss) for the period to be appropriated9905-€2,806-€17,379▼
Appropriation of the result
Profit (loss) to be appropriated9906€66,407€49,028▼
Profit (loss) brought forward from the previous period14P€69,213€66,407▼

The notes to these accounts have 6 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).

Line2019202020212022202320242025Change
Non-recurring operating income76A---€9,298----
Remuneration, social security and pensions62---€68,797----
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€26,425€21,205€16,078€17,982€17,848€11,507€12,059▲ 4.8%
Other operating charges640/8---€4,450€2,103€2,829€2,946▲ 4.1%
Gross operating margin9900€122,102€233,644€119,420€64,946€7,854€11,476-€2,943-
Operating profit (loss)9901€9,500€124,554€31,503-€26,283-€12,098-€2,860-€17,948▼ 528%
Financial income75/76B---€959€0€229€854▲ 273%
Recurring financial income75€2,202€4,303€2,230€959€0€229€854▲ 273%
Financial charges65/66B---€297€134€39€144▲ 268%
Recurring financial charges65€107€552€645€297€134€39€144▲ 268%
Profit (loss) for the period before taxes9903€15,595€128,305€33,088-€25,621-€12,232-€2,670-€17,238▼ 546%
Income taxes67/77€5,548€40,447€11,276€155€145€136€141▲ 4.2%
Profit (loss) for the period9904€10,048€87,858€21,812-€25,776-€12,377-€2,806-€17,379▼ 519%
Profit (loss) for the period to be appropriated9905€10,048€87,858€40,562-€25,776-€12,377-€2,806-€17,379▼ 519%
Line2019202020212022202320242025Change
Assets
Total assets20/58€436,856€543,586€541,087€494,769€422,276€420,896€402,084▼ 4.5%
Fixed assets21/28€230,657€216,346€228,853€205,169€187,321€181,851€174,916▼ 3.8%
Intangible fixed assets21€2,830€1,415------
Tangible fixed assets22/27€227,827€214,931€228,853€205,169€187,321€181,851€174,916▼ 3.8%
Land and buildings22---€166,120€160,214€164,669€166,199▲ 0.9%
Plant, machinery and equipment23---€6,849€4,696€3,792€4,105▲ 8.3%
Furniture and vehicles24---€32,201€22,412€13,390€4,612▼ 65.6%
Current assets29/58€206,199€327,240€312,235€289,600€234,955€239,045€227,167▼ 5.0%
Stocks and contracts in progress3€11,641€13,151€7,205-----
Amounts receivable within one year40/41€28,864€35,298€14,436€13,469€4,997€16,748€32,297▲ 92.8%
Trade receivables40---€13,469€4,997€8,186€7,365▼ 10.0%
Other amounts receivable41-----€8,562€24,932▲ 191%
Cash at bank and in hand54/58€161,266€276,414€285,976€274,261€228,063€218,237€193,448▼ 11.4%
Deferred charges and accrued income490/1---€1,869€1,895€4,060€1,423▼ 65.0%
Equity and liabilities
Total equity and liabilities10/49€436,856€543,586€541,087€494,769€422,276€420,896€402,084▼ 4.5%
Equity10/15€409,148€497,006€512,768€486,992€419,291€416,485€399,106▼ 4.2%
Contributions10/11€61,500€61,500€61,500€61,500€61,500€61,500€61,500=
Capital10---€61,500€61,500€61,500€61,500=
Issued capital100---€61,500€61,500€61,500€61,500=
Reserves13€240,282€328,140€343,902€343,902€288,578€288,578€288,578=
Non-distributable reserves130/1---€7,500€7,500€7,500€7,500=
Legal reserve130---€7,500€7,500€7,500€7,500=
Distributable reserves133---€336,402€281,078€281,078€281,078=
Profit (loss) carried forward14€107,366€107,366€107,366€81,590€69,213€66,407€49,028▼ 26.2%
Amounts payable17/49€27,708€46,580€28,319€7,778€2,985€4,411€2,978▼ 32.5%
Amounts payable within one year42/48€27,448€46,143€27,095€7,336€2,499€3,910€2,463▼ 37.0%
Trade debts44€9,571€13,702€4,453€1,861€1,802€2,215€1,285▼ 42.0%
Suppliers440/4---€1,861€1,802€2,215€1,285▼ 42.0%
Taxes, remuneration and social security45---€5,400€469€1,695€1,177▼ 30.5%
Taxes450/3---€2,371€469€1,695€1,177▼ 30.5%
Remuneration and social security454/9---€3,028----
Other amounts payable47/48---€75€229---
Accrued charges and deferred income492/3---€442€486€501€515▲ 2.9%
Line2019202020212022202320242025Change
Profit (loss) for the period9904€10,048€87,858€21,812-€25,776-€12,377-€2,806-€17,379▼ 519%
+ Depreciation and write-downs630€26,425€21,205€16,078€17,982€17,848€11,507€12,059▲ 4.8%
Operating cash flow (approximation)€36,473€109,062€37,890-€7,795€5,471€8,701-€5,320-
Investment in fixed assets (approximation)--€6,894-€28,585€5,702€0-€6,037-€5,124▲ 15.1%
Change in cash-€115,148€9,562-€11,714-€46,199-€9,826-€24,789▼ 152%

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

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Latest 10 of 32 filings with the National Bank
Financial year Type Filed Reference Document
30-06-2025 micro format 15-02-2026 2026-00039082 PDF
30-06-2024 micro format 23-02-2025 2025-00038459 PDF
30-06-2023 micro format 14-03-2024 2024-00044179 PDF
30-06-2022 micro format 23-02-2023 2023-00032089 PDF
30-06-2021 micro format 15-02-2022 2022-05700086 PDF
30-06-2020 micro format 08-02-2021 2021-05000552 PDF
30-06-2019 micro format 24-02-2020 2020-05600042 PDF
30-06-2018 micro format 02-01-2019 2019-00100367 PDF
30-06-2017 micro format 31-01-2018 2018-04100009 PDF
30-06-2016 abbreviated format 01-02-2017 2017-03800418 PDF

Show all 32 filings

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