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UNITED GAMES

Active
Public limited companyfounded 2015active for 11 yearsWondelgemkaai 15, 9000 Gent, BelgiumKBO/BCE: BE 0627.762.026
Summary

UNITED GAMES has been active since 2015 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €8.5m and a net result of €1.6m. Equity is growing by about 8.2% per year across the filed financial years. Its solvency ranks better than 52% of 60 sector peers (NACE 92, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Overview

Activity
Gambling and betting activities
NACE 92000
#1 company by total assets in East Flanders, Gambling and betting sector1 site
Size
€12.3mtotal assets 2025
Staff
31.7 FTE
Equity
€8.5m
Profit
€1.6m
Staff (FTE) +3,070%: merger
Financial health
92 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.2%
Structure
Parent
UNITED GROUP · 100%
Board
5 members
Holdings
2
Auditor: KPMG Réviseurs d'EntreprisesAccounts filed 28 days late
Why 92raises risk1 change of registered office in 24 monthsLatest accounts 28 days late; 2 of the last 3 latelowers riskSize: 31.7 FTE, total assets €12.3m, files consolidated accountsLiquidity: current ratio 2.61, cash €1.8mShow the evidence

Checked score

Score 2025
92 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 69% of its sector peers (NACE 92)
Financial strength · tick = 2024
Strong
Solvency 94+5
equity 69.1% of total assets
Liquidity 57+9
short-term debt 28.0% · cash 14.6%
Profitability 85+85
return on assets 12.9%
Bankruptcy probability, 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%

About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (24 companies, NACE 92, small)
Last 24 months 11-2024: 0.9% 12-2024: 0.9%● unchanged vs 11-2024 01-2025: 0.9%● unchanged vs 12-2024 02-2025: 0.9%● unchanged vs 01-2025 03-2025: 1.5%▲ +0.6 percentage points vs 02-2025 04-2025: 1.6%▲ +0.1 percentage points vs 03-2025 05-2025: 1.7%▲ +0.1 percentage points vs 04-2025 06-2025: 1.8%▲ +0.1 percentage points vs 05-2025 07-2025: 1.6%▼ -0.2 percentage points vs 06-2025 08-2025: 2.0%▲ +0.4 percentage points vs 07-2025 09-2025: 2.7%▲ +0.7 percentage points vs 08-2025highest value 10-2025: 0.8%▼ -1.9 percentage points vs 09-2025 11-2025: 0.8%● unchanged vs 10-2025 12-2025: 0.8%● unchanged vs 11-2025 01-2026: 0.8%● unchanged vs 12-2025 02-2026: 0.8%● unchanged vs 01-2026 03-2026: 0.8%● unchanged vs 02-2026 04-2026: 0.9%▲ +0.1 percentage points vs 03-2026 05-2026: 0.9%● unchanged vs 04-2026 06-2026: 1.0%▲ +0.1 percentage points vs 05-2026 07-2026: 1.1%▲ +0.1 percentage points vs 06-2026 08-2026: 1.4%▲ +0.3 percentage points vs 07-2026 09-2026: 0.2%▼ -1.2 percentage points vs 08-2026lowest value 10-2026: 0.2%● unchanged vs 09-2026lowest value
Credit of up to €750,000 on 30-day terms is acceptable
Liquidity ample (current ratio 2.61, compared with 2.03 in 2024; short-term debt: 28% and cash: 14.6% of total assets), and 30.9% of the assets are financed with debt.
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 (NACE 92): better than 71% on solvency, 61% on liquidity, 74% on profitability and 70% on growth.

The bankruptcy probability was computed on 09-10-2026 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

Five signals.
lowers riskraises riskneutral
lowers risk · Size: 31.7 FTE, total assets €12.3m, files consolidated accounts
The company's size counts in the probability; how much depends on the rest of its profile.
NBB · annual accounts
raises risk · 1 change of registered office in 24 months
Belgian Official Gazette
raises risk · Latest accounts 28 days late; 2 of the last 3 late
NBB · filings
lowers risk · Liquidity: current ratio 2.61, cash €1.8m
NBB · annual accounts
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 28-08-2026, 28 days later. For context: 47% of Belgian companies file late, and of those that file 1 to 90 days late, 2.0% are now in a legal situation other than normal in the KBO (such as bankruptcy, liquidation or dissolution), against 1.66% of all filers. We show this as a fact and do not score it.
NBB · 6 filings
Deviation from the deadline
2025
28 days late
2024
60 days late
2023
58 days late
2022
49 days late
2021
37 days early
2020
31 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 21 days after the deadline; the sector median (NACE 92) for financial year 2024 is on the deadline day, and 46% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 18 September (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
10-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · full…
  2. RestructuringPermanent representative: Joeri Pascual-Madorran ·…
  3. Appointments: UNITED GROUP NV (persoon bevoegd…Permanent representative: Joeri Pascual-Madorran ·…

Key points

  • Positive: Back in profit in 2025after -€19.2m in 2024 €1.6m View
  • Positive: Company by total assets in East Flanders, Gambling…in the Checked rankings #1 View
  • 2 restructurings since 2025latest: merger with LEJEUNE BINGO COMPANY 2 View
  • Controlled by UNITED GROUPitself parent of 2 companies 100% View
  • Board changedlatest change 08-06-2026 · 5 in office 1 joined · 1 left View

By topic

Financials

Financial year
2025
Total assets
€12.3m
Profit
€1.6m
Solvency
69.1%
Total assets▲ 14.4%
Net result
20182025
Go to Financials

Board & ownership

Board
5 members
Parent
UNITED GROUP · 100%
Auditor
KPMG Réviseurs d'Entreprises
  • INFISODirector
  • Carlos Pascual-MadorranDirector
  • Joeri Pascual-MadorranDirector
  • TaleosDirector
  • PASCUAL INVESTDirector
Go to Board & ownership

Network & group

Subsidiaries
2
Connected companies
8
Mergers and contributions
3

2 subsidiaries

Go to Network & group

Timeline

Events
52
Since
2015
Next accounts
by 31-07-2027
  1. 11-03-2026Resignation: UNITED GROUP NV (director)
  2. 31-12-2025Back to profit
  3. 29-09-2025Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Public limited company
Activity
Gambling and betting activitiesNACE 92000
Founded
31-03-2015
Year ends
31-12
Peppol
Not found in the Peppol directory
Go to Company details

Articles of association

Provisions read
1
Purpose
1.het oprichten van, het deelnemen in publieke of private inrichtingen, vennootschappen of…
Go to Articles of association

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