ACTIVE

LOTERIE NATIONALE

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Financial year 2025 · closed on 31/12/2025

Net result

8 M €

+564.9% YoY

Revenue

1,7 Md €

+7.2% YoY

Equity

236,9 M €

+0.9% YoY

Workforce

447,3 ETP

+3.4% YoY

What does LOTERIE NATIONALE do?

LOTERIE NATIONALE is a Public limited company incorporated in 1964. Its main activity is: Gambling and betting activities. Its registered office is in Etterbeek. It employs on average 447,3 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0223.967.357

Incorporation

06/07/1964

Legal form

Public limited company

Registered office

Rue Belliard 25-33
1040 Etterbeek · BruxellesSee on map

Contributed capital

180 000 000,00 €

Latest accounts

31/12/2025

Average workforce

447,3 ETP

Activities (NACE)

92000Gambling and betting activities· main 92000Gambling and betting activities 92710Gambling and betting activities

Joint committees (1)

Signals

ProfitableGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2008
Income statement
Revenue	1,7 Md €	+7.2%	1,6 Md €	+4.4%	1,5 Md €	-0.3%	1,5 Md €	-5.5%	1,6 Md €	+10.1%	1,4 Md €	-0.4%	1,4 Md €	+8.6%	1,3 Md €	+4.1%	1,3 Md €	+7.8%	1,2 Md €	+1.0%	1,2 Md €	-3.1%	1,2 Md €	-0.0%	1,2 Md €	-3.8%	1,3 Md €	+4.9%	1,2 Md €	+9.0%	1,1 Md €	-4.2%	1,1 Md €
EBITDA	34 M €	+82.9%	18,6 M €	+788%	2,1 M €	-93.0%	30,1 M €	-36.0%	46,9 M €	+14.4%	41 M €	+33.4%	30,8 M €	-20.9%	38,9 M €	+17.8%	33 M €	+201%	11 M €	-15.8%	13 M €	+77.9%	7,3 M €	+175%	-9,8 M €	-308%	4,7 M €	-88.3%	40,1 M €	+72.2%	23,3 M €	-29.6%	33,1 M €
Operating result	1,6 M €	+112%	-13,2 M €	-1877%	-669 k €	-104%	17 M €	-41.7%	29,1 M €	+38.2%	21 M €	+86.4%	11,3 M €	-36.0%	17,6 M €	+52.4%	11,6 M €	+262%	-7,2 M €	-316%	-1,7 M €	+50.3%	-3,5 M €	+80.6%	-17,9 M €	-942%	-1,7 M €	-105%	36,1 M €	+85.5%	19,5 M €	-29.9%	27,8 M €
Net result	8 M €	+565%	1,2 M €	-81.5%	6,5 M €	-34.1%	9,9 M €	-53.1%	21 M €	+5.5%	19,9 M €	+2208%	862,1 k €	-90.1%	8,7 M €	-21.7%	11,2 M €	+525%	1,8 M €	+23.0%	1,5 M €	-65.2%	4,2 M €	+137%	-11,3 M €	-263%	6,9 M €	-68.8%	22,2 M €	+89.7%	11,7 M €	-60.9%	29,9 M €
Balance sheet
Equity	236,9 M €	+0.9%	234,7 M €	+0.5%	233,7 M €	+1.0%	231,3 M €	+1.7%	227,3 M €	+2.4%	222,1 M €	+2.3%	217,1 M €	+0.4%	216,2 M €	+2.2%	211,5 M €	+2.6%	206,2 M €	+0.9%	204,4 M €	+0.7%	202,9 M €	+2.1%	198,8 M €	-5.4%	210 M €	+3.4%	203,1 M €	+0.8%	201,5 M €	+3.7%	194,3 M €
Total assets	865,7 M €	+31.2%	659,6 M €	+1.8%	648 M €	-0.3%	649,8 M €	+2.1%	636,5 M €	+6.6%	597,3 M €	+12.6%	530,3 M €	+11.3%	476,3 M €	-5.5%	504,1 M €	+1.6%	496,3 M €	-0.1%	497,1 M €	-2.3%	508,6 M €	+5.1%	483,9 M €	+0.1%	483,6 M €	+3.0%	469,5 M €	+6.6%	440,6 M €	-16.6%	528,5 M €
Cash	181,8 M €	+520%	29,3 M €	-53.3%	62,8 M €	-17.6%	76,2 M €	-20.9%	96,4 M €	-27.8%	133,4 M €	+37.8%	96,9 M €	+61.7%	59,9 M €	+16.6%	51,4 M €	+0.9%	50,9 M €	+2.2%	49,8 M €	-26.3%	67,6 M €	+92.2%	35,2 M €	+155%	13,8 M €	-0.0%	13,8 M €	-12.1%	15,7 M €	+8.9%	14,4 M €
Debts	518,1 M €	+54.1%	336,2 M €	+1.2%	332,2 M €	+4.0%	319,6 M €	+5.1%	304,1 M €	+14.1%	266,5 M €	+28.0%	208,2 M €	+5.0%	198,2 M €	-20.4%	249 M €	+0.7%	247,4 M €	+3.4%	239,1 M €	+3.5%	230,9 M €	+7.2%	215,5 M €	+5.3%	204,7 M €	-4.1%	213,4 M €	+12.7%	189,2 M €	-30.0%	270,2 M €
Other
Workforce	447,3 ETP	+3.4%	432,8 ETP	+0.6%	430,3 ETP	+1.9%	422,1 ETP	+1.7%	415,1 ETP	-0.6%	417,8 ETP	-1.5%	424,3 ETP	+3.8%	408,9 ETP	+0.6%	406,4 ETP	+0.2%	405,6 ETP	-1.7%	412,8 ETP	-1.6%	419,5 ETP	+3.3%	406,2 ETP	+3.7%	391,7 ETP	+2.9%	380,8 ETP	+2.1%	373,0 ETP	+6.0%	351,8 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 500 M€ and 1.000 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2022 · 17 active · 148 ended

Active mandates

Arne Christoffels

Government commissioner · since 15 mars 2023

Active

Bart STOKMANS

Director · since 10 mai 2022 · until 21 mai 2027

Active

Emmanuelle DARDENNE

Director · since 21 mai 2021 · until 21 mai 2027

Active

Ermeline GOSSELIN

Director · since 21 mai 2021 · until 21 mai 2027

Active

Gerald DUFFY

Director · since 21 mai 2021 · until 21 mai 2027

Active

Geraldine DEMARET

Chairman of the board of directors · since 21 mai 2021 · until 21 mai 2027

Active

Jannie HAEK

Managing director · since 21 mai 2021 · until 21 mai 2027

Active

Karel DE BONDT

Director · since 21 mai 2021 · until 21 mai 2027

Active

Laurence LAMBERT

Director · since 21 mai 2021 · until 21 mai 2027

Active

Liesbeth DE WINTER

Director · since 21 mai 2021 · until 21 mai 2027

Active

Matthijs KEERSEBILCK

Director · since 21 mai 2021 · until 21 mai 2027

Active

Patricia CEYSENS

Director · since 21 mai 2021 · until 21 mai 2027

Active

Patrick DUPRIEZ

Director · since 21 mai 2021 · until 21 mai 2027

Active

Theodoor (Bogdan) VANDEN BERGHE

Director · since 21 mai 2021 · until 21 mai 2027

Active

Xavier GONZALEZ

Director · since 21 mai 2021 · until 21 mai 2027

Active

Tom BLOCKMANS

Government commissioner · since 12 mai 2021 · until 14 mars 2023

Active

Filip VAN DE VELDE

Government commissioner · since 01 décembre 2020

Active

Ended mandates

Ann BRUSSEEL

Director · since 21 mai 2021 · until 31 décembre 2021

Ended

Tom BLOCKMANS

Government commissioner · since 12 mai 2021

Ended

Heidi DE PAUW

Director · since 09 juin 2020 · until 20 mai 2021

Ended

Heidi DE PAUW

Director · since 09 juin 2020 · until 21 mai 2021

Ended

At this address

Other companies at this address

Company	CBE no.
CAPTAINS OF CYCLING● Active	0478.242.662
Groupe Loterie Nationale● Active	0777.972.266
LNL SERVICES● Active	0866.352.134
NEW LOTTO SPORTS ORGANISATION● Active	0673.508.612
SCOOORE● Active	0765.505.291

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	22/05/2026	20/05/2025	27/05/2024	07/06/2023	16/06/2022	29/04/2025
General meeting	15/05/2026	16/05/2025	17/05/2024	19/05/2023	20/05/2022	21/05/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

36 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	15/05/2026	22/05/2026	Dutch	PDF
Full model	31/12/2025	15/05/2026	22/05/2026	French	PDF
Consolidated accounts	31/12/2025	15/05/2026	22/05/2026	Dutch	PDF
Consolidated accounts	31/12/2025	15/05/2026	22/05/2026	French	PDF
Full model	31/12/2024	16/05/2025	20/05/2025	Dutch	PDF
Full model	31/12/2024	16/05/2025	20/05/2025	French	PDF
Consolidated accounts	31/12/2024	16/05/2025	20/05/2025	French	PDF
Consolidated accounts	31/12/2024	16/05/2025	20/05/2025	Dutch	PDF
Full model	31/12/2023	17/05/2024	27/05/2024	Dutch	PDF
Full model	31/12/2023	17/05/2024	27/05/2024	French	PDF
Consolidated accounts	31/12/2023	17/05/2024	27/05/2024	Dutch	PDF
Consolidated accounts	31/12/2023	17/05/2024	27/05/2024	French	PDF
Full model	31/12/2022	19/05/2023	07/06/2023	French	PDF
Full model	31/12/2022	19/05/2023	07/06/2023	Dutch	PDF
Consolidated accounts	31/12/2022	19/05/2023	06/06/2023	Dutch	PDF
Consolidated accounts	31/12/2022	19/05/2023	06/06/2023	French	PDF
Full model	31/12/2021	20/05/2022	16/06/2022	French	PDF
Full model	31/12/2021	20/05/2022	16/06/2022	Dutch	PDF
Full modelCorrection	31/12/2020	21/05/2021	29/04/2025	Dutch	PDF
Full modelCorrection	31/12/2020	21/05/2021	28/04/2025	French	PDF
Full model	31/12/2020	21/05/2021	22/06/2021	French	PDF
Full model	31/12/2020	21/05/2021	22/06/2021	Dutch	PDF
Full model	31/12/2019	15/05/2020	28/05/2020	Dutch	PDF
Full model	31/12/2018	17/05/2019	23/05/2019	Dutch	PDF

View all 36 filings

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 M€ and 1.000 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2022 · 17 active · 148 ended

Active mandates

Arne Christoffels

Government commissioner · since 15 mars 2023

Active

Bart STOKMANS

Director · since 10 mai 2022 · until 21 mai 2027

Active

Emmanuelle DARDENNE

Director · since 21 mai 2021 · until 21 mai 2027

Active

Ermeline GOSSELIN

Director · since 21 mai 2021 · until 21 mai 2027

Active

Gerald DUFFY

Director · since 21 mai 2021 · until 21 mai 2027

Active

Geraldine DEMARET

Chairman of the board of directors · since 21 mai 2021 · until 21 mai 2027

Active

Jannie HAEK

Managing director · since 21 mai 2021 · until 21 mai 2027

Active

Karel DE BONDT

Director · since 21 mai 2021 · until 21 mai 2027

Active

Laurence LAMBERT

Director · since 21 mai 2021 · until 21 mai 2027

Active

Liesbeth DE WINTER

Director · since 21 mai 2021 · until 21 mai 2027

Active

Matthijs KEERSEBILCK

Director · since 21 mai 2021 · until 21 mai 2027

Active

Patricia CEYSENS

Director · since 21 mai 2021 · until 21 mai 2027

Active

Patrick DUPRIEZ

Director · since 21 mai 2021 · until 21 mai 2027

Active

Theodoor (Bogdan) VANDEN BERGHE

Director · since 21 mai 2021 · until 21 mai 2027

Active

Xavier GONZALEZ

Director · since 21 mai 2021 · until 21 mai 2027

Active

Tom BLOCKMANS

Government commissioner · since 12 mai 2021 · until 14 mars 2023

Active

Filip VAN DE VELDE

Government commissioner · since 01 décembre 2020

Active

Ended mandates

Ann BRUSSEEL

Director · since 21 mai 2021 · until 31 décembre 2021

Ended

Tom BLOCKMANS

Government commissioner · since 12 mai 2021

Ended

Heidi DE PAUW

Director · since 09 juin 2020 · until 20 mai 2021

Ended

Heidi DE PAUW

Director · since 09 juin 2020 · until 21 mai 2021

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Restructuring19/02/2024
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Other16/02/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Other16/02/2024
STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF
Restructuring16/02/2024
CAPITAL, ACTIONS - RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Restructuring23/11/2023
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring23/11/2023
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Other20/10/2023
DIVERSEN
PDF
Other20/10/2023
DIVERS
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 20258 M €↑
2024
Annual accounts 20241,2 M €↓
2023
Annual accounts 20236,5 M €↓
01/10/2023
autre
2022
Annual accounts 20229,9 M €↓
10/05/2022
nominationBart Stokmans — lid van de Raad van bestuur
10/05/2022
nominationBart Stokmans — membre du conseil d'administration
2021
Annual accounts 202121 M €↑
21/05/2021
demissionAnn Brusseel — lid van de Raad van bestuur
21/05/2021
demissionAnn Brusseel — membre du conseil d'administration
2021
Name changeNationale Loterij - Loterie Nationale
2020
Annual accounts 202019,9 M €↑
2020
Name changeLOTERIE NATIONALE
2020
Name changeNATIONALE LOTERIJ
2019
Annual accounts 2019862,1 k €↓
2018
Annual accounts 20188,7 M €↓
2017
Annual accounts 201711,2 M €↑
2016
Annual accounts 20161,8 M €↑
2015
Annual accounts 20151,5 M €↓
2014
Annual accounts 20144,2 M €↑
2013
Annual accounts 2013-11,3 M €↓
2012
Annual accounts 20126,9 M €↓
2011
Annual accounts 201122,2 M €↑
2010
Annual accounts 201011,7 M €↓
2008
Annual accounts 200829,9 M €
2008
Name changeLOTERIE NATIONALE - NATIONALE LOTERIJ
06/07/1964
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

LOTERIE NATIONALE

Overview

What does LOTERIE NATIONALE do?

Trend over 17 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline