SUNRISE
Group
BELGO LEO HOLDING has 12 holdings in 2 countries (2025 accounts)Belgium 11 Year Equity Result
- BE SUNRISE 2025-€138,733 result -€90,177 (2025)
- BE MEUSE MIDCO18.39% 2025€656.2m result €128,205 (2025)
- BE DUODEV 20.84% 2025€81.5m result €3.4m (2025)
- BE SEMOIS MIDCO18.16% 2025€26.5m result -€30,224 (2025)
- BE ARDENT INVEST50% 2025€26.4m result -€2.6m (2025)
- BE LIEGE OFFICE CENTER25.8% 2025€6.2m result €581,783 (2025)
- BE IRE46.36% 2025€4.0m result €1.2m (2025)
- BE IMMO RETAIL46.36% 2025€3.5m result €187,282 (2025)
- BE IN THE CITY 2025€389,665 result -€62,473 (2025)
- BE GESTBEL98% 2025€81,179 result €40,178 (2025)
- BE LEDCOM25.16% 2025-€50,792 result €10,540 (2025)
Europe 1 Year Equity Result
- LU VERONA DEVELOPMENT0.8% 2024€59.0m result -€2.0m (2024)
Source: list of holdings in the 2025 accounts of BELGO LEO HOLDING. Holdings that file themselves stand with their latest accounts, the others with the amounts of that list, in their own currency.
Part of the group BELGO LEO HOLDING Group, risk and exposureEarlier ties
| ARDENT HOME via Nicolas LEONARD, no longer at ARDENT HOME · Managing director · deed of 12-02-2025 founded in 2018 · negative equity (2025) · group ARDENT INVEST |
total assets €19.2m (2025) |
| QSL Immo via Nicolas LEONARD, no longer at QSL Immo · Administrateur et de facto administrateur délégué · deed of 21-01-2025 founded in 2018 · negative equity (2025) · group ARDENT INVEST |
total assets €7.1m (2025) |
| ARDENT BUILD via Nicolas LEONARD, no longer at ARDENT BUILD · Administrateur et de facto administrateur délégué · deed of 18-04-2023 founded in 2019 · negative equity (2025) · group ARDENT INVEST |
4.8 FTE (2025) |
| BRASSERIE ARDENTE via Nicolas LEONARD, no longer at BRASSERIE ARDENTE · Administrateur et de facto administrateur délégué · deed of 22-04-2021 founded in 2021 · negative equity (2025) · group ARDENT INVEST |
16 FTE (2025) |
| BONCELLES SHOPPING PARK via Nicolas LEONARD, no longer at BONCELLES SHOPPING PARK · Managing director · deed of 13-09-2024 founded in 2018 · negative equity (2025) · group ARDENT INVEST |
total assets €604,516 (2025) |
| TECHNO1 via Daniel LEONARD, at SUNRISE until 2024 · Administrateur(ex gérant)non statutaire · deed of 09-09-2019 founded in 2011 · group Semois Midco |
turnover €27.7m (2025) |
Show 34 more earlier ties
| ARDENT REAL ESTATE via Nicolas LEONARD, no longer at ARDENT REAL ESTATE · Managing director · deed of 29-04-2025 founded in 2018 · group ARDENT INVEST |
total assets €27.1m (2025) |
| IMMO CIRCUS WALLONIE via Nicolas LEONARD, no longer at IMMO CIRCUS WALLONIE · Managing director · deed of 17-03-2026 founded in 1998 · group ARDENT INVEST |
total assets €12.9m (2025) |
| BOT'ARDENT via Nicolas LEONARD, no longer at BOT'ARDENT · Managing director · deed of 05-03-2024 founded in 2024 · group ARDENT INVEST |
total assets €12.8m (2025) |
| CIRCUS SERVICES via Daniel LEONARD, at SUNRISE until 2024 · Director (not named in the articles) · deed of 05-07-2019 founded in 2004 · group Semois Midco |
33 FTE (2025) |
| IRE via Nicolas LEONARD, no longer at IRE · Director · deed of 22-10-2024 founded in 2018 |
total assets €10.5m (2025) |
| ARDENT RETAIL via Nicolas LEONARD, no longer at ARDENT RETAIL · Managing director · deed of 13-09-2024 founded in 2018 · group ARDENT INVEST |
total assets €9.0m (2025) |
| GUILLEMINS REAL ESTATE via Nicolas LEONARD, no longer at GUILLEMINS REAL ESTATE · Administrateur et de facto administrateur délégué · deed of 29-04-2025 founded in 2002 · group ARDENT INVEST |
total assets €7.4m (2025) |
| HOTEL GUILLEMINS via Nicolas LEONARD, no longer at HOTEL GUILLEMINS · Managing director · deed of 08-02-2024 founded in 2017 · group ARDENT INVEST |
29 FTE (2025) |
| ARE HERSTAL FF via Nicolas LEONARD, no longer at ARE HERSTAL FF · Administrateur et de facto administrateur délégué · deed of 04-03-2021 founded in 2021 |
total assets €7.3m (2025) |
| ARDENT ENERGY via Nicolas LEONARD, no longer at ARDENT ENERGY · Director · deed of 07-06-2024 founded in 2024 · group ARDENT INVEST |
total assets €6.7m (2025) |
| IMMO RETAIL via Nicolas LEONARD, no longer at IMMO RETAIL · Director · deed of 17-03-2026 founded in 2018 |
total assets €5.8m (2025) |
| BOIS MADAME via Nicolas LEONARD, no longer at BOIS MADAME · Managing director · deed of 18-02-2022 founded in 2022 |
total assets €5.4m (2025) |
| QDA IMMO via Nicolas LEONARD, no longer at QDA IMMO · Administrateur et de facto administrateur délégué · deed of 13-06-2024 founded in 2024 · group ARDENT INVEST |
total assets €5.1m (2025) |
| SHOP BELGIUM IR via Nicolas LEONARD, no longer at SHOP BELGIUM IR · Managing director · deed of 13-09-2024 founded in 2018 · group ARDENT INVEST |
total assets €4.8m (2025) |
| COCIO via Nicolas LEONARD, no longer at COCIO · Managing director · deed of 25-05-2022 founded in 2008 · group ARDENT INVEST |
total assets €4.7m (2025) |
| ARDENT HOTEL SUD via Nicolas LEONARD, no longer at ARDENT HOTEL SUD · Managing director · deed of 25-10-2022 founded in 2022 |
total assets €3.5m (2025) |
| IR-IMMO via Nicolas LEONARD, no longer at IR-IMMO · Administrateur et de facto administrateur délégué · deed of 17-03-2026 founded in 2018 |
total assets €2.7m (2025) |
| A LA CLEF NEW via Nicolas LEONARD, no longer at A LA CLEF NEW · Director founded in 2018 |
total assets €2.7m (2025) |
| ARDENNES 151 via Nicolas LEONARD, no longer at ARDENNES 151 · Administrateur et de facto administrateur délégué · deed of 31-03-2022 founded in 2022 |
total assets €2.6m (2025) |
| FABY via Nicolas LEONARD, no longer at FABY · Managing director · deed of 06-10-2025 founded in 1987 |
total assets €2.6m (2025) |
| BELGIUM BEER EXPORT via Nicolas LEONARD, no longer at BELGIUM BEER EXPORT · Director · deed of 14-01-2021 founded in 2016 · group ARDENT INVEST |
4.4 FTE (2025) |
| BODSON - TROUPIN - SERVICE via GESTBEL, no longer at BODSON - TROUPIN - SERVICE · Administrateur et de facto administrateur délégué · deed of 09-07-2021 founded in 1987 · group ARDENT INVEST |
total assets €2.0m (2025) |
| ARE-MSC via Nicolas LEONARD, no longer at ARE-MSC · Administrateur et de facto administrateur délégué · deed of 19-07-2022 founded in 2022 · group ARDENT INVEST |
total assets €1.8m (2025) |
| ATH PLAZA IR via Nicolas LEONARD, no longer at ATH PLAZA IR · Administrateur et de facto administrateur délégué · deed of 13-09-2024 founded in 2018 · group ARDENT INVEST |
total assets €1.8m (2025) |
| BELGRET via GESTBEL, no longer at BELGRET · Administrateur et de facto administrateur délégué · deed of 13-09-2024 founded in 2015 · group ARDENT INVEST |
total assets €1.7m (2025) |
| SHOPS BELGIUM 2 via Nicolas LEONARD, no longer at SHOPS BELGIUM 2 · deed of 10-10-2024 founded in 2018 · group ARDENT INVEST |
total assets €1.7m (2025) |
| PROCURE1 via Daniel LEONARD, at SUNRISE until 2024 · Director · deed of 12-12-2019 founded in 2019 · group Semois Midco |
turnover €1.6m (2025) |
| TILKIN SPORTS via Nicolas LEONARD, no longer at TILKIN SPORTS · Managing director · deed of 05-05-2021 founded in 1976 · group ARDENT INVEST |
total assets €894,641 (2025) |
| D.A. GESTION via GESTBEL, no longer at D.A. GESTION · Administrateur et de facto administrateur délégué · deed of 13-09-2024 founded in 1990 |
total assets €873,708 (2025) |
| ERS INVEST via Nicolas LEONARD, no longer at ERS INVEST · Administrateur et de facto administrateur délégué · deed of 18-04-2023 founded in 2019 |
total assets €790,757 (2025) |
| IMMOBILIERE DE COINTE via Nicolas LEONARD, no longer at IMMOBILIERE DE COINTE · Administrateur et de facto administrateur délégué · deed of 07-11-2025 founded in 2008 · group ARDENT INVEST |
total assets €692,174 (2025) |
| RACINO ESTATE via Nicolas LEONARD, no longer at RACINO ESTATE · Administrateur et de facto administrateur délégué · deed of 08-04-2024 founded in 2024 · group ARDENT INVEST |
total assets €661,223 (2025) |
| LIEGE STATION IR via Nicolas LEONARD, no longer at LIEGE STATION IR · Administrateur et de facto administrateur délégué · deed of 13-09-2024 founded in 2018 · group ARDENT INVEST |
total assets €281,830 (2025) |
| Color Shop via Nicolas LEONARD, no longer at Color Shop · Permanent representative · deed of 07-11-2019 No longer active |
total assets €4.6m (2021) |
Connections & network
23 connected companiesThis company
Company
Director
Shareholding
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Linked via shared directors
HQ1
via Nicolas LEONARD · Member of the supervisory board · deed of 10-08-2022
Founded in 2019 · 355 FTE (2025) · negative equity · group Semois Midco
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LEDCOM
via Nicolas LEONARD · Director · deed of 08-07-2025
Founded in 2002 · 7 FTE (2025) · negative equity
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Meuse Bidco
via Nicolas LEONARD · Director · deed of 22-07-2022
Founded in 2021 · total assets €736.3m (2025)
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Meuse Midco
via Nicolas LEONARD · Director · deed of 22-07-2022
Founded in 2021 · total assets €656.4m (2025)
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Show 19 more companies with a shared director
GAMBLING MANAGEMENT
via Nicolas LEONARD · Director · deed of 25-09-2025
Founded in 2003 · 215 FTE (2025) · group Semois Midco
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CASINO DE SPA
via Nicolas LEONARD · Daily management delegate · deed of 05-09-2025
Founded in 1990 · 37 FTE (2025) · group Semois Midco
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ARDENT INVEST
via Nicolas LEONARD · Permanent representative · deed of 06-05-2026
Founded in 2018 · 10 FTE (2025)
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CIRCUS BELGIUM
via Nicolas LEONARD · Permanent representative · deed of 17-08-2026
Founded in 1993 · 155 FTE (2025) · group ARDENT FINANCE
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ARDENT CASINO INTERNATIONAL
via Nicolas LEONARD · Permanent representative · deed of 30-04-2021
Founded in 2018 · total assets €40.9m (2025) · group Semois Midco
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LIEGE OFFICE CENTER
via Nicolas LEONARD · Director · deed of 22-10-2024
Founded in 2017 · total assets €27.4m (2025)
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CORTEX HOLDING
via Nicolas LEONARD · Daily management delegate · deed of 17-08-2026
Founded in 2014 · total assets €24.3m (2025) · group Semois Midco
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NAMUR CASINO RESORT
via GESTBEL · Director · deed of 28-09-2022
Founded in 2016 · 45 FTE (2025) · group Semois Midco
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IN THE CITY
via Nicolas LEONARD · Director · deed of 18-04-2023
Founded in 2018 · total assets €3.1m (2025) · group BELGO LEO HOLDING
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DREAM ENERGY ARDENT
via Nicolas LEONARD · Director (not named in the articles) · deed of 27-11-2023
Founded in 2023 · total assets €1.6m (2025)
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GESTION LOISIRS
via GESTBEL · Director · deed of 07-12-2023
Founded in 1986 · total assets €1.0m (2025) · group MILE HOLDING
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Marché couvert de Battice
via Nicolas LEONARD · Managing director · deed of 15-05-2024
Founded in 1968 · total assets €753,021 (2025) · group ARDENT INVEST
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ARDENT BETTING
via Nicolas LEONARD · Managing director · deed of 04-09-2025
Founded in 1996 · turnover €35,142 (2025) · group Semois Midco
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Fondation Privée FOUNDATION1
via Nicolas LEONARD · Director and founder · deed of 06-07-2022
Founded in 2022
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ARDENT CASINO BELGIUM
via Nicolas LEONARD · Permanent representative · deed of 05-09-2025
No longer active · total assets €152.5m (2025)
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TRANSFER1
via Nicolas LEONARD · Daily management delegate · deed of 17-01-2022
No longer active · total assets €93,596 (2023)
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