SPORTING MANAGEMENT
ActiveSPORTING MANAGEMENT has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €155k and a net result of €-42k. Equity is shrinking by ~19.8% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2028. Its solvency ranks better than 83% of 251 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
59
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0=
Solvency100=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9k at 30 days acceptable
Liquidity ample (current ratio 3.88 against 20.19 in 2024; short-term debt: 18.5% and cash: 0.9% of total assets), and 18.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
81.5%
Return on assets
-22.2%
Age of the figures
15 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 80
Relative position
BE, all sectors
reference
Sector 80
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
19202122232425
2019 to 2025 · latest year €-42k
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 04-12-2025, 58 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
58 d early
2024
52 d early
2023
23 d early
2022
41 d early
2021
on the day
2020
2 d early
2019
15 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close20-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€155k▼ 21.4%
2024 · €197k
2019: €491k
2020: €531k
2021: €475k
2022: €374k
2023: €309k
2024: €197k
2019 → 2025
Total assets
€190k▼ 7.0%
2024 · €205k
2019: €598k
2020: €642k
2021: €515k
2022: €382k
2023: €311k
2024: €205k
2019 → 2025
Net result
€-42k▲ 60.1%
2024 · €-106k
2019: €91k
2020: €39k
2021: €-56k
2022: €-91k
2023: €-55k
2024: €-106k
2019 → 2025
Working capital
€102k▼ 27.2%
2024 · €139k
2019: €447k
2020: €486k
2021: €433k
2022: €320k
2023: €247k
2024: €139k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€475k-€374k▼ 21.2%€309k▼ 17.5%€197k▼ 36.1%€155k▼ 21.4%
Operating result€-54k-€-88k▼ 63.3%€-52k▲ 40.9%€-104k▼ 99.6%€-9k▲ 91.4%
Net result€-56k-€-91k▼ 61.9%€-55k▲ 39.5%€-106k▼ 93.4%€-42k▲ 60.1%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €9k in 2025 against €104k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €190k
Fixed assets
€53k▼ 7.6%
Current assets
€137k▼ 6.8%
Equity and liabilities €190k
Equity
€155k▼ 21.4%
Debt
€35k▲ 384%
The debt ratio rises from 3.6% to 18.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-5k▲
2024 · €-99k
Cash flow
€-38k▲
2024 · €-101k
Solvency
81.5%▼
2024 · 96.4%
Current ratio
3.88▼
2024 · 20.19
Quick ratio
3.88▼
2024 · 20.19
Debt / equity
0.23▲
2024 · 0.04
ROE
-27.3%▲
2024 · -53.8%
ROA
-22.2%▲
2024 · -51.9%
Interest coverage
-4.42▲
2024 · -56.76
Debt
€35k▲
2024 · €7k
Debt ≤ 1 year
€35k▲
2024 · €7k
Income taxes
€32k▲
2024 · €405
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€205k€190k▼
Fixed assets21/28€58k€53k▼
Tangible fixed assets22/27€58k€53k▼
Land and buildings22€46k€45k▼
Plant, machinery and equipment23€1k€790▼
Furniture and vehicles24€11k€7k▼
Current assets29/58€147k€137k▼
Amounts receivable within one year40/41€130k€134k▲
Trade receivables40-€605
Other amounts receivable41€130k€134k▲
Cash at bank and in hand54/58€15k€2k▼
Deferred charges and accrued income490/1€1k€630▼
Equity and liabilities
Total equity and liabilities10/49€205k€190k▼
Equity10/15€197k€155k▼
Contributions10/11€31k€31k=
Reserves13€418k€418k=
Non-distributable reserves130/1€6k€6k=
Reserves not available under the articles1311€6k€6k=
Distributable reserves133€412k€412k=
Profit (loss) carried forward14€-252k€-294k▼
Amounts payable17/49€7k€35k▲
Amounts payable within one year42/48€7k€35k▲
Trade debts44€5k€1k▼
Suppliers440/4€5k€1k▼
Taxes, remuneration and social security45€3k€4k▲
Taxes450/3€3k€4k▲
Other amounts payable47/48-€30k
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€4k▼
Other operating charges640/8€2k€2k▲
Gross operating margin9900€-97k€-3k▲
Operating profit (loss)9901€-104k€-9k▲
Financial income75/76B€100€17▼
Recurring financial income75€100€17▼
Financial charges65/66B€2k€1k▼
Recurring financial charges65€2k€1k▼
Profit (loss) for the period before taxes9903€-106k€-10k▲
Income taxes67/77€405€32k▲
Profit (loss) for the period9904€-106k€-42k▲
Profit (loss) for the period to be appropriated9905€-106k€-42k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-252k€-294k▼
Profit (loss) brought forward from the previous period14P€-146k€-252k▼
Transfer from equity791/2€5k€0▼
Profit to be distributed694/7€5k€0▼
Return on contributions (dividend)694€5k€0▼
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
04-12
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
10-12
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
30-06
Financial
Weakest financial yearnet €-106k
Net result drops to €-106k, the lowest in the series; recovery starts the following year.
08-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial
Liquidity triplescurrent ratio 116.23
Current ratio from 43.54 to 116.23; short-term debt falls from €8k to €2k.
2022
21-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
Financial
Liquidity triplescurrent ratio 22.02
Current ratio from 6.35 to 22.02; short-term debt falls from €91k to €21k.
29-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-06
Financial
Equity above €500kEq €531k ▲8%
2 profitable years in a row build equity to €531k.
16-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
16-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
16-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
27-02
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 27 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Heers · 1 establishment unit since 1992
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Vechmaallaan(Vechm.) 523870 HeersGround area
1,996 m²
Building footprint
207 m²
Volume, LiDAR
1,278 m³
Parcel 73087C0351/00E000, Flanders · tallest building 9.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
SPORTING MANAGEMENT
since 19922.059.422.044
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 73087C0351/00E000 | Flanders | 1,996 m² | 1 · 207 m² | 9.0 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 700 companies in sector 80010 we hold annual accounts for 349. 253 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded14-10-1992
Fiscal year end30-06
Activities, NACEBEL
74601
80010Investigation and private security services
80100Investigation and security activities
46180Agents specialised in the wholesale of other particular products
51180
64999Other financial services
65236
68110Buying and selling of own real estate
70120
85510Sports and recreation education
92622
93130Fitness centres
Sources
Crossroads Bank for EnterprisesNational Bank · 33 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
1 entryE-mail:guy@sporting-management.be