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SUNPARKS LEISURE

Active
Public limited companyfounded 1987active for 39 yearsWenduinesteenweg 150, 8420 De Haan, BelgiumKBO/BCE: BE 0431.404.530
Summary

The computed 12-month bankruptcy probability of SUNPARKS LEISURE is 4.2% (elevated). The 2025 annual accounts show negative equity (-€10.3m) and a net result of -€3.2m. Equity is growing by about 41% per year across the filed financial years. Its solvency ranks better than 9% of 495 sector peers (NACE 55, financial year 2025). The company has been active since 1987 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Activity
Accommodation
NACE 55202
Largest employer in West Flanders, Accommodation sector2 sites
Size
€58.4mturnover 2025
Staff
296.7 FTE
Equity
-€10.3m
Loss
-€3.2m
Financial health
46 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
4.2%
Structure
Parent
CP Holding SAS · 100%
Accounts 36 days early4 of 19 deeds read
Why 46raises riskNegative equity -€10.3mLoss of €3.2m, the second in a row (financial year 2025)Liquidity: current ratio 0.54, cash €617,061Size: turnover €58.4m, 296.7 FTE, total assets €19.4mShow the evidence

Checked score

Score 2025
46 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 21% of its sector peers (all companies)
Financial strength · tick = 2024
Weak
Solvency 0=
equity -53.2% of total assets
Liquidity 4+2
short-term debt 102.5% · cash 3.2%
Profitability 7-5
return on assets -16.5%
Bankruptcy probability, 12 months
4.2% Elevated
0%0.5%1.5%4%10%≥ 25%

About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.4% (8 companies, NACE 55, large)
Last 24 months 11-2024: 3.7%lowest value 12-2024: 3.7%● unchanged vs 11-2024 01-2025: 3.7%● unchanged vs 12-2024 02-2025: 3.7%● unchanged vs 01-2025 03-2025: 3.7%● unchanged vs 02-2025 04-2025: 3.8%▲ +0.1 percentage points vs 03-2025 05-2025: 5.0%▲ +1.2 percentage points vs 04-2025 06-2025: 5.0%● unchanged vs 05-2025 07-2025: 5.0%● unchanged vs 06-2025 08-2025: 5.0%● unchanged vs 07-2025 09-2025: 5.0%● unchanged vs 08-2025 10-2025: 5.0%● unchanged vs 09-2025 11-2025: 5.0%● unchanged vs 10-2025 12-2025: 5.0%● unchanged vs 11-2025 01-2026: 5.1%▲ +0.1 percentage points vs 12-2025 02-2026: 5.1%● unchanged vs 01-2026 03-2026: 5.1%● unchanged vs 02-2026highest value 04-2026: 4.2%▼ -0.9 percentage points vs 03-2026 05-2026: 4.2%● unchanged vs 04-2026 06-2026: 4.2%● unchanged vs 05-2026 07-2026: 4.2%● unchanged vs 06-2026 08-2026: 4.2%● unchanged vs 07-2026 09-2026: 4.2%● unchanged vs 08-2026 10-2026: 4.2%● unchanged vs 09-2026
No credit on open account
Liquidity insufficient (current ratio 0.54, compared with 0.11 in 2024, below 1; short-term debt: 102.5% and cash: 3.2% of total assets), and equity is negative.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (all companies): better than 3% on solvency, 4% on liquidity, 10% on profitability and 66% on growth.

The bankruptcy probability was computed on 13-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Six signals.
raises riskneutral
raises risk · Negative equity -€10.3m
NBB · annual accounts
raises risk · Loss of €3.2m, the second in a row (financial year 2025)
NBB · annual accounts
raises risk · Liquidity: current ratio 0.54, cash €617,061
NBB · annual accounts
raises risk · Size: turnover €58.4m, 296.7 FTE, total assets €19.4m
Companies of this size fail more often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
232425
2023 to 2025 · latest year -€10.3m
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 25-03-2026, 36 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
36 days early
2024
34 days early
2023
39 days early
2022
33 days early
2021
5 days early
2020
44 days early
2019
31 days 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 32 days before the deadline; the sector median (NACE 55) for financial year 2024 is 1 day before the deadline, and 45% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today. The company usually files around 27 March (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
30-09-2026 year end14-10-2026 today30-04-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · full…
  2. Resignation: Erwin Dezeure (director)Appointment: Inge Zwaagman (director)
  3. Capital & sharesCapital increase · Auditor report…

Key points

  • Risk: Negative equityfinancial year 2025: debts exceed assets -€10.3m View
  • Risk: 3 loss-making years in a rowloss financial year 2025 -€3.2m View
  • Caution: Among the weakest 5% on net resultsector median €12,041 · 495 companies -€3.2m View
  • Positive: Equity rose in 2025from -€63.5m to -€10.3m ▲ 83.7% View
  • Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
  • Controlled by CP Holding SASultimately: Pierre et Vacances SA 100% View
  • Flemish supportawarded from 2022 to 2025 €53,713 View

By topic

Financials

Financial year
2025
Turnover
€58.4m
Loss
-€3.2m
Solvency
-53.2%
Turnover▼ 0.5%
Net result
20232025
Go to Financials

Timeline

Events
43
Since
1989
Next accounts
by 30-04-2027
  1. 22-05-2025Reappointment: EY Bedrijfsrevisoren BV (statutory auditor)
  2. 22-05-2025Capital & shares
  3. 27-03-2025Annual accounts filed
Go to Timeline

Company details

Sites
2
Legal form
Public limited company
Activity
AccommodationNACE 55202
Founded
23-06-1987
Year ends
30-09
Peppol
Reachable for e-invoices
Go to Company details

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