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 €77,810 and a net result of €30,364. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 56% of 2395 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 €5,000 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.
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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 €77,810
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 →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 15 days before the deadline; the sector median for financial year 2023 is 1 day before the deadline, and 43% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2025, micro schema
Equity
€77,810▲ 64.0%
2023 · €47,446
Total assets
€225,693▲ 47.9%
2023 · €152,608
Net result
€30,364▲ 105%
2023 · €14,821
Working capital
€63,385▲ 677%
2023 · €8,163
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 93, Sports, amusement and recreation activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232025
Operating result-€28,498€30,881€15,006▼ 51.4%€12,717▼ 15.3%€37,705-
Net result-€24,362below the sector's middle half€29,376above the sector's middle half€7,382within the sector's middle half▼ 74.9%€14,821within the sector's middle half▲ 101%€30,364above the sector's middle half-
Equity-€4,132within the sector's middle half€25,244within the sector's middle half€32,625within the sector's middle half▲ 29.2%€47,446within the sector's middle half▲ 45.4%€77,810within the sector's middle half-
Total assets€50,590below the sector's middle half▼ 46.3%€96,627within the sector's middle half▲ 91.0%€169,688within the sector's middle half▲ 75.6%€152,608within the sector's middle half▼ 10.1%€225,693within the sector's middle half-
Debt€54,722▼ 26.0%€71,383▲ 30.4%€137,063▲ 92.0%€105,162▼ 23.3%€147,883-
Working capital€1,669within the sector's middle half▼ 78.1%€27,161within the sector's middle half▲ 1,528%€4,798within the sector's middle half▼ 82.3%€8,163within the sector's middle half▲ 70.1%€63,385above the sector's middle half-
Solvency-8.2%below the sector's middle half▼ 29.6pp26.1%within the sector's middle half▲ 34.3pp19.2%within the sector's middle half▼ 6.9pp31.1%within the sector's middle half▲ 11.9pp34.5%within the sector's middle half-
Current ratio1.04within the sector's middle half▼ 0.071.41within the sector's middle half▲ 0.371.04within the sector's middle half▼ 0.381.08within the sector's middle half▲ 0.041.48within the sector's middle half-
Return on assets (ROA)-48.2%below the sector's middle half▼ 62.6pp30.4%above the sector's middle half▲ 78.6pp4.4%within the sector's middle half▼ 26.1pp9.7%within the sector's middle half▲ 5.4pp13.5%within the sector's middle half-
above
within
below
the middle half (P25 to P75) of NACE 93, Sports, amusement and recreation activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result is €37,705 in 2025, compared with €12,717 in 2023. Comparable figures for the intervening years are unavailable.
Balance-sheet composition
2025 in colour, 2023 as the grey bar beneath
Assets €225,693
Fixed assets
€29,269 ▼ 25.5%
Current assets
€196,424 ▲ 73.3%
Equity and liabilities €225,693
Equity
€77,810 ▲ 64.0%
Debt
€147,883 ▲ 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
€57,586▲
2023 · €23,527
Cash flow
€50,245▲
2023 · €25,631
Quick ratio
1.19▲
2023 · 0.72
Debt to equity
1.90▼
2023 · 2.22
ROE
39.0%▲
2023 · 31.2%
Interest coverage
45.05▼
2023 · 132.78
Debt ≤ 1 year
€133,039▲
2023 · €105,162
Debt > 1 year
€14,844
Income taxes
€7,126▲
2023 · -€2,281
Staff costs
€0=
2023 · €0
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,696 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.7%
went bankrupt
3.9%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.3% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 34,696 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €2,404 | €0 | €0 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,941 | €1,406 | €7,763 | €10,810 | €19,881 | - |
| Other operating charges640/8 | - | €297 | €532 | €454 | €489 | - |
| Non-recurring operating charges66A | - | €18,155 | €0 | - | - | - |
| Gross operating margin9900 | -€21,127 | €50,739 | €25,705 | €23,981 | €58,074 | - |
| Operating profit (loss)9901 | -€28,498 | €30,881 | €15,006 | €12,717 | €37,705 | - |
| Financial income75/76B | - | - | - | - | €1,064 | - |
| Recurring financial income75 | €4,200 | - | - | - | €1,064 | - |
| Non-recurring financial income76B | - | - | - | - | €1,064 | - |
| Financial charges65/66B | - | €1,868 | €624 | €177 | €1,278 | - |
| Recurring financial charges65 | €14,979 | €1,868 | €624 | €177 | €1,278 | - |
| Profit (loss) for the period before taxes9903 | -€23,527 | €29,013 | €14,382 | €12,539 | €37,491 | - |
| Income taxes67/77 | €835 | -€363 | €7,000 | -€2,281 | €7,126 | - |
| Profit (loss) for the period9904 | -€24,362 | €29,376 | €7,382 | €14,821 | €30,364 | - |
| Profit (loss) for the period to be appropriated9905 | -€24,362 | €29,376 | €7,382 | €14,821 | €30,364 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €50,590 | €96,627 | €169,688 | €152,608 | €225,693 | - |
| Fixed assets21/28 | €6,619 | €3,807 | €27,827 | €39,283 | €29,269 | - |
| Tangible fixed assets22/27 | €4,219 | €1,407 | €25,427 | €36,883 | €26,869 | - |
| Plant, machinery and equipment23 | - | €1,407 | €25,427 | €36,883 | €25,104 | - |
| Furniture and vehicles24 | - | - | - | - | €1,765 | - |
| Financial fixed assets28 | €2,400 | €2,400 | €2,400 | €2,400 | €2,400 | - |
| Current assets29/58 | €43,972 | €92,821 | €141,861 | €113,325 | €196,424 | - |
| Stocks and contracts in progress3 | - | €21,210 | €1,426 | €37,502 | €37,502 | - |
| Stocks30/36 | - | €21,210 | €1,426 | €37,502 | €37,502 | - |
| Amounts receivable within one year40/41 | €23,137 | €37,322 | €128,269 | €52,700 | €134,167 | - |
| Trade receivables40 | - | €35,978 | €123,925 | €51,356 | €107,823 | - |
| Other amounts receivable41 | - | €1,344 | €4,344 | €1,344 | €26,344 | - |
| Cash at bank and in hand54/58 | €20,779 | €34,289 | €12,117 | €6,113 | €22,356 | - |
| Deferred charges and accrued income490/1 | - | €0 | €50 | €17,011 | €2,400 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €50,590 | €96,627 | €169,688 | €152,608 | €225,693 | - |
| Equity10/15 | -€4,132 | €25,244 | €32,625 | €47,446 | €77,810 | - |
| Contributions10/11 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | - |
| Profit (loss) carried forward14 | -€24,132 | €5,244 | €12,625 | €27,446 | €57,810 | - |
| Amounts payable17/49 | €54,722 | €71,383 | €137,063 | €105,162 | €147,883 | - |
| Amounts payable after more than one year17 | €12,420 | €5,724 | €0 | - | €14,844 | - |
| Financial debts170/4 | - | €5,724 | €0 | - | €14,844 | - |
| Amounts payable within one year42/48 | €42,303 | €65,660 | €137,063 | €105,162 | €133,039 | - |
| Current portion of amounts payable after more than one year42 | - | €6,696 | €5,724 | - | €7,422 | - |
| Trade debts44 | €20,707 | €28,460 | €82,399 | €80,090 | €80,481 | - |
| Suppliers440/4 | - | €28,460 | €82,399 | €80,090 | €80,481 | - |
| Taxes, remuneration and social security45 | - | €18,228 | €36,641 | €11,857 | €7,635 | - |
| Taxes450/3 | - | €18,228 | €36,641 | €11,857 | €7,635 | - |
| Other amounts payable47/48 | - | €12,276 | €12,299 | €13,215 | €37,501 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€24,362 | €29,376 | €7,382 | €14,821 | €30,364 | - |
| + Depreciation and write-downs630 | €6,941 | €1,406 | €7,763 | €10,810 | €19,881 | - |
| Operating cash flow (approximation) | -€17,421 | €30,782 | €15,145 | €25,631 | €50,245 | - |
| Investment in fixed assets (approximation) | - | €1,406 | -€31,784 | -€22,266 | - | - |
| Change in cash | - | €13,510 | -€22,172 | -€6,004 | - | - |
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 €30,364 ▲105%
Operating result €37,705, net result €30,364, 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 €29,376
Net result €29,376 after one loss-making year.
22-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet -€24,362
Net result drops to -€24,362, 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
No directors read yet: 0 of 4 Gazette acts processed. See the function holders in the CBE →
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 3,293 companies in this sector we hold annual accounts for 1,500. 1,055 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
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
E-invoicing
Reachable via Peppol
Peppol ID
0208:0506824604
Registered
22-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.