S4U
ActiveSummary
S4U has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €78k and a net result of €30k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 56% of 2318 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2023
Profitability86▲+5
Solvency59▲+3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity tight (current ratio 1.48 against 1.08 in 2023; short-term debt: 58.9% and cash: 9.9% of total assets), and 65.5% of the assets are financed with debt.
Credit check for your own amount and term
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 · 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
34.5%
Return on assets
13.5%
Age of the figures
15 mo
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
lowers risk · Growing equity
Reported equity is higher than in 2022 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
18192021222325
2018 to 2025 · latest year €78k
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 27-01-2026, 4 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
4 d early
2023
3 d early
2022
37 d early
2021
5 d early
2020
39 d early
2019
24 d late
2018
41 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2025, micro schema
Equity
€78k▲ 64.0%
2023 · €47k
2018: €7k
2019: €20k▲ +204% vs 2018
2020: €-4k▼ -120% vs 2019lowest value
2021: €25k▲ +711% vs 2020
2022: €33k▲ +29.2% vs 2021
2023: €47k▲ +45.4% vs 2022
2025: €78khighest value
2018 → 2025
Total assets
€226k▲ 47.9%
2023 · €153k
2018: €85k
2019: €94k▲ +11.3% vs 2018
2020: €51k▼ -46.3% vs 2019lowest value
2021: €97k▲ +91.0% vs 2020
2022: €170k▲ +75.6% vs 2021
2023: €153k▼ -10.1% vs 2022
2025: €226khighest value
2018 → 2025
Net result
€30k▲ 105%
2023 · €15k
2018: €5k
2019: €14k▲ +174% vs 2018
2020: €-24k▼ -279% vs 2019lowest value
2021: €29k▲ +221% vs 2020
2022: €7k▼ -74.9% vs 2021
2023: €15k▲ +101% vs 2022
2025: €30khighest value
2018 → 2025
Working capital
€63k▲ 677%
2023 · €8k
2018: €-20klowest value
2019: €8k▲ +139% vs 2018
2020: €2k▼ -78.1% vs 2019
2021: €27k▲ +1528% vs 2020
2022: €5k▼ -82.3% vs 2021
2023: €8k▲ +70.1% vs 2022
2025: €63khighest value
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232025Trend
Equity€-4k-€25k€33k▲ 29.2%€47k▲ 45.4%€78k▲ 64.0%
2020: €-4klowest value
2021: €25k▲ +711% vs 2020
2022: €33k▲ +29.2% vs 2021
2023: €47k▲ +45.4% vs 2022
2025: €78khighest value
Operating result€-28k-€31k€15k▼ 51.4%€13k▼ 15.3%€38k▲ 197%
2020: €-28klowest value
2021: €31k▲ +208% vs 2020
2022: €15k▼ -51.4% vs 2021
2023: €13k▼ -15.3% vs 2022
2025: €38khighest value
Net result€-24k-€29k€7k▼ 74.9%€15k▲ 101%€30k▲ 105%
2020: €-24klowest value
2021: €29k▲ +221% vs 2020
2022: €7k▼ -74.9% vs 2021
2023: €15k▲ +101% vs 2022
2025: €30khighest value
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result is €38k in 2025, compared with €13k in 2023. Comparable figures for the intervening years are unavailable.
Balance-sheet composition
2025 in colour, 2023 as the grey bar beneath
Assets €226k
Fixed assets
€29k ▼ 25.5%
Current assets
€196k ▲ 73.3%
Equity and liabilities €226k
Equity
€78k ▲ 64.0%
Debt
€148k ▲ 40.6%
Debt's share of the balance-sheet total falls from 68.9% to 65.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€58k▲
2023 · €24k
Cash flow
€50k▲
2023 · €26k
Current ratio
1.48▲
2023 · 1.08
Quick ratio
1.19▲
2023 · 0.72
Debt to equity
1.90▼
2023 · 2.22
ROE
39.0%▲
2023 · 31.2%
ROA
13.5%▲
2023 · 9.7%
Interest coverage
45.05▼
2023 · 132.78
Debt ≤ 1 year
€133k▲
2023 · €105k
Debt > 1 year
€15k
Income taxes
€7k▲
2023 · €-2k
Staff costs
€0=
2023 · €0
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 2023 · 44 lines
Balance sheet
Code20232025
Assets
Total assets20/58€153k€226k▲
Fixed assets21/28€39k€29k▼
Tangible fixed assets22/27€37k€27k▼
Plant, machinery and equipment23€37k€25k▼
Furniture and vehicles24-€2k
Financial fixed assets28€2k€2k=
Current assets29/58€113k€196k▲
Stocks and contracts in progress3€38k€38k=
Stocks30/36€38k€38k=
Amounts receivable within one year40/41€53k€134k▲
Trade receivables40€51k€108k▲
Other amounts receivable41€1k€26k▲
Cash at bank and in hand54/58€6k€22k▲
Deferred charges and accrued income490/1€17k€2k▼
Equity and liabilities
Total equity and liabilities10/49€153k€226k▲
Equity10/15€47k€78k▲
Contributions10/11€20k€20k=
Profit (loss) carried forward14€27k€58k▲
Amounts payable17/49€105k€148k▲
Amounts payable after more than one year17-€15k
Financial debts170/4-€15k
Amounts payable within one year42/48€105k€133k▲
Current portion of amounts payable after more than one year42-€7k
Trade debts44€80k€80k▲
Suppliers440/4€80k€80k▲
Taxes, remuneration and social security45€12k€8k▼
Taxes450/3€12k€8k▼
Other amounts payable47/48€13k€38k▲
Income statement
Code20232025
Remuneration, social security and pensions62€0€0=
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k€20k▲
Other operating charges640/8€454€489▲
Gross operating margin9900€24k€58k▲
Operating profit (loss)9901€13k€38k▲
Financial income75/76B-€1k
Recurring financial income75-€1k
Non-recurring financial income76B-€1k
Financial charges65/66B€177€1k▲
Recurring financial charges65€177€1k▲
Profit (loss) for the period before taxes9903€13k€37k▲
Income taxes67/77€-2k€7k▲
Profit (loss) for the period9904€15k€30k▲
Profit (loss) for the period to be appropriated9905€15k€30k▲
Appropriation of the result
Profit (loss) to be appropriated9906€27k€58k▲
Profit (loss) brought forward from the previous period14P€13k€27k▲
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €2k | €0 | €0 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7k | €1k | €8k | €11k | €20k | - |
| Other operating charges640/8 | - | €297 | €532 | €454 | €489 | - |
| Non-recurring operating charges66A | - | €18k | €0 | - | - | - |
| Gross operating margin9900 | €-21k | €51k | €26k | €24k | €58k | - |
| Operating profit (loss)9901 | €-28k | €31k | €15k | €13k | €38k | - |
| Financial income75/76B | - | - | - | - | €1k | - |
| Recurring financial income75 | €4k | - | - | - | €1k | - |
| Non-recurring financial income76B | - | - | - | - | €1k | - |
| Financial charges65/66B | - | €2k | €624 | €177 | €1k | - |
| Recurring financial charges65 | €15k | €2k | €624 | €177 | €1k | - |
| Profit (loss) for the period before taxes9903 | €-24k | €29k | €14k | €13k | €37k | - |
| Income taxes67/77 | €835 | €-363 | €7k | €-2k | €7k | - |
| Profit (loss) for the period9904 | €-24k | €29k | €7k | €15k | €30k | - |
| Profit (loss) for the period to be appropriated9905 | €-24k | €29k | €7k | €15k | €30k | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €51k | €97k | €170k | €153k | €226k | - |
| Fixed assets21/28 | €7k | €4k | €28k | €39k | €29k | - |
| Tangible fixed assets22/27 | €4k | €1k | €25k | €37k | €27k | - |
| Plant, machinery and equipment23 | - | €1k | €25k | €37k | €25k | - |
| Furniture and vehicles24 | - | - | - | - | €2k | - |
| Financial fixed assets28 | €2k | €2k | €2k | €2k | €2k | - |
| Current assets29/58 | €44k | €93k | €142k | €113k | €196k | - |
| Stocks and contracts in progress3 | - | €21k | €1k | €38k | €38k | - |
| Stocks30/36 | - | €21k | €1k | €38k | €38k | - |
| Amounts receivable within one year40/41 | €23k | €37k | €128k | €53k | €134k | - |
| Trade receivables40 | - | €36k | €124k | €51k | €108k | - |
| Other amounts receivable41 | - | €1k | €4k | €1k | €26k | - |
| Cash at bank and in hand54/58 | €21k | €34k | €12k | €6k | €22k | - |
| Deferred charges and accrued income490/1 | - | €0 | €50 | €17k | €2k | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €51k | €97k | €170k | €153k | €226k | - |
| Equity10/15 | €-4k | €25k | €33k | €47k | €78k | - |
| Contributions10/11 | €20k | €20k | €20k | €20k | €20k | - |
| Profit (loss) carried forward14 | €-24k | €5k | €13k | €27k | €58k | - |
| Amounts payable17/49 | €55k | €71k | €137k | €105k | €148k | - |
| Amounts payable after more than one year17 | €12k | €6k | €0 | - | €15k | - |
| Financial debts170/4 | - | €6k | €0 | - | €15k | - |
| Amounts payable within one year42/48 | €42k | €66k | €137k | €105k | €133k | - |
| Current portion of amounts payable after more than one year42 | - | €7k | €6k | - | €7k | - |
| Trade debts44 | €21k | €28k | €82k | €80k | €80k | - |
| Suppliers440/4 | - | €28k | €82k | €80k | €80k | - |
| Taxes, remuneration and social security45 | - | €18k | €37k | €12k | €8k | - |
| Taxes450/3 | - | €18k | €37k | €12k | €8k | - |
| Other amounts payable47/48 | - | €12k | €12k | €13k | €38k | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-24k | €29k | €7k | €15k | €30k | - |
| + Depreciation and write-downs630 | €7k | €1k | €8k | €11k | €20k | - |
| Operating cash flow (approximation) | €-17k | €31k | €15k | €26k | €50k | - |
| Investment in fixed assets (approximation) | - | €1k | €-32k | €-22k | - | - |
| Change in cash | - | €14k | €-22k | €-6k | - | - |
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
27-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Highest result since 2018net €30k ▲105%
Operating result €38k, net result €30k, both a record.
2024
28-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
24-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
26-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €29k
Net result €29k after one loss-making year.
22-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €-24k
Net result drops to €-24k, the lowest in the series; recovery starts the following year.
24-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 24 days late
2019
20-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
2016
26-07
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Eghezée · 1 establishment unit since 2014
Ground area
2.5 ha
Building footprint
186 m²
Volume, LiDAR
1,019 m³
2 parcels, Wallonia · tallest building 11.4 m, ±3 floors. Linked by address, not a title deed.
12
companies at this address
See who is registered here
1 establishment unit
S4U
since 20142.238.029.332
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 92035B0065/00B000 | Wallonia | 2.5 ha | 1 · 83 m² | - |
| 92014C0936/00H002 | Wallonia | 106 m² | 1 · 103 m² | 11.4 m · 3 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.
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Of 3,292 companies in sector 93110 we hold annual accounts for 1,495. 1,054 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
Founded15-12-2014
Fiscal year end30-06
Activities, NACEBEL 2025
93110Operation of sports facilities
74991Agents and managers of artists, athletes and other public figures
85510Sports and recreation education
93299Other amusement and recreation activities
Contact
E-mail
piou@sports2u.beProfondeville
Phone
0475/521653Profondeville
Scores and ratios are computed by Checked and are not a credit decision.