ACTIVE

LOTERIE NATIONALE

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Financial year 2025 · Closed on 31/12/2025

Net result8 M €+564,9 %over 1 year

Revenue1,7 Md €+7,2 %over 1 year

Equity236,9 M €+0,9 %over 1 year

Workforce447,3 ETP+3,4 %over 1 year

Identity

Source · BCE/KBO

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

Financials

Source · NBB, 36 filings

Trend over 17 financial years

	2025		2024		2023		2022		2021
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 €
EBITDA	34 M €	+82.9%	18,6 M €	+788%	2,1 M €	-93.0%	30,1 M €	-36.0%	46,9 M €
Operating result	1,6 M €	+112%	-13,2 M €	-1877%	-669 k €	-104%	17 M €	-41.7%	29,1 M €
Net result	8 M €	+565%	1,2 M €	-81.5%	6,5 M €	-34.1%	9,9 M €	-53.1%	21 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 €
Total assets	865,7 M €	+31.2%	659,6 M €	+1.8%	648 M €	-0.3%	649,8 M €	+2.1%	636,5 M €
Cash	181,8 M €	+520%	29,3 M €	-53.3%	62,8 M €	-17.6%	76,2 M €	-20.9%	96,4 M €
Debts	518,1 M €	+54.1%	336,2 M €	+1.2%	332,2 M €	+4.0%	319,6 M €	+5.1%	304,1 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

Valuation

Indicative valuation

As an indication, this company is worth

between 500 M€ and 1.000 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2022

16 active · 57 ended

Last known composition, from the accounts closed on 31/12/2022, more than two years before the latest accounts. The mandates shown may have expired.

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Arne Christoffels	Government commissionersince 15/03/2023
Bart STOKMANS	Director13/05/2015 → 21/05/2027
Emmanuelle DARDENNE	Director21/05/2021 → 21/05/2027
Ermeline GOSSELIN	Director13/05/2015 → 21/05/2027
Gerald DUFFY	Director21/05/2021 → 21/05/2027
Geraldine DEMARET	Chairman of the board of directors21/05/2021 → 21/05/2027
Jannie HAEK	Managing director13/11/2013 → 21/05/2027Director19/12/2008 → 18/12/2014endedGovernment commissioner04/04/2003 → 31/07/2008ended
Karel DE BONDT	Director21/05/2021 → 21/05/2027
Laurence LAMBERT	Director21/05/2021 → 21/05/2027
Liesbeth DE WINTER	Director21/05/2021 → 21/05/2027
Matthijs KEERSEBILCK	Director21/05/2021 → 21/05/2027
Patricia CEYSENS	Director21/05/2021 → 21/05/2027
Patrick DUPRIEZ	Director21/05/2021 → 21/05/2027
Theodoor (Bogdan) VANDEN BERGHE	Director21/05/2021 → 21/05/2027
Xavier GONZALEZ	Director21/05/2021 → 21/05/2027
Filip VAN DE VELDE	Government commissionersince 24/02/2012

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Ann BRUSSEEL	Director21/05/2021 → 31/12/2021
Tom BLOCKMANS	Government commissioner12/05/2021 → 14/03/2023
Heidi DE PAUW	Director09/06/2020 → 20/05/2021

Other companies at this address

Rue Belliard 25-33 1040 Etterbeek

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

Full financial information

Source · NBB

	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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 36 filings

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
Full model	31/12/2017	18/05/2018	29/05/2018	Dutch	PDF
Full model	31/12/2016	19/05/2017	16/06/2017	Dutch	PDF
Full model	31/12/2015	20/05/2016	07/06/2016	Dutch	PDF
Full model	31/12/2014	15/05/2015	22/05/2015	Dutch	PDF
Full model	31/12/2013	16/05/2014	22/05/2014	Dutch	PDF
Full model	31/12/2012	17/05/2013	21/05/2013	Dutch	PDF
Full model	31/12/2011	18/05/2012	22/05/2012	Dutch	PDF
Full model	31/12/2010	20/05/2011	26/05/2011	Dutch	PDF
Full model	31/12/2009	21/05/2010	03/06/2010	Dutch	PDF
Full model	31/12/2008	15/05/2009	02/06/2009	Dutch	PDF
Full model	31/12/2007	16/05/2008	12/06/2008	Dutch	PDF
Full model	31/12/2006	18/05/2007	25/06/2007	Dutch	PDF

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.

Board of directors

Source · NBB, accounts to 31/12/2022

16 active · 57 ended

Last known composition, from the accounts closed on 31/12/2022, more than two years before the latest accounts. The mandates shown may have expired.

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Arne Christoffels	Government commissionersince 15/03/2023
Bart STOKMANS	Director13/05/2015 → 21/05/2027
Emmanuelle DARDENNE	Director21/05/2021 → 21/05/2027
Ermeline GOSSELIN	Director13/05/2015 → 21/05/2027
Gerald DUFFY	Director21/05/2021 → 21/05/2027
Geraldine DEMARET	Chairman of the board of directors21/05/2021 → 21/05/2027
Jannie HAEK	Managing director13/11/2013 → 21/05/2027Director19/12/2008 → 18/12/2014endedGovernment commissioner04/04/2003 → 31/07/2008ended
Karel DE BONDT	Director21/05/2021 → 21/05/2027
Laurence LAMBERT	Director21/05/2021 → 21/05/2027
Liesbeth DE WINTER	Director21/05/2021 → 21/05/2027
Matthijs KEERSEBILCK	Director21/05/2021 → 21/05/2027
Patricia CEYSENS	Director21/05/2021 → 21/05/2027
Patrick DUPRIEZ	Director21/05/2021 → 21/05/2027
Theodoor (Bogdan) VANDEN BERGHE	Director21/05/2021 → 21/05/2027
Xavier GONZALEZ	Director21/05/2021 → 21/05/2027
Filip VAN DE VELDE	Government commissionersince 24/02/2012

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Ann BRUSSEEL	Director21/05/2021 → 31/12/2021
Tom BLOCKMANS	Government commissioner12/05/2021 → 14/03/2023
Heidi DE PAUW	Director09/06/2020 → 20/05/2021

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

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

Similar companies

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

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation1964

Name

Registered office

Annual accounts

Filings17 filings

Mandates

Arne Christoffels

Bart STOKMANS

Geraldine DEMARET

Xavier GONZALEZ

Ermeline GOSSELIN

Liesbeth DE WINTER

Jannie HAEK

Emmanuelle DARDENNE

Karel DE BONDT

Laurence LAMBERT

Theodoor (Bogdan) VANDEN BERGHE

Patrick DUPRIEZ

and 58 more mandates

19661967196819691970197119721973197419751976197719781979198019811982198319841985198619871988198919901991199219931994199519961997199819992000200120022003200420052006200720082009201020112012201320142015201620172018201920202021202220232024202520262027

LOTERIE NATIONALELOTERIE NATIONALE - NATIONALE LOTERIJ

Rue Belliard 25-33, 1040 Etterbeek

Government commissioner

Director

Chairman of the board of directors

Director

Managing directorDirectorGovernment commissioner

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Rue Belliard 25-33, 1040 EtterbeekCurrent	accounts 2021 → 2022	Accounts 2022 · 2023-00117419

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
LOTERIE NATIONALECurrent	accounts 2025	Accounts 2025 · 2026-00124567
NATIONALE LOTERIJ	accounts 2025	Accounts 2025 · 2026-00124873
NATIONALE LOTERIJ	accounts 2024	Accounts 2024 · 2025-00105421
LOTERIE NATIONALE	accounts 2024	Accounts 2024 · 2025-00105395
LOTERIE NATIONALE	accounts 2023	Accounts 2023 · 2024-00101606
LOTERIE NATIONALE	accounts 2022	Accounts 2022 · 2023-00116826
Nationale Loterij - Loterie Nationale	accounts 2022	Accounts 2022 · 2023-00117419
Nationale Loterij - Loterie Nationale	accounts 2021	Accounts 2021 · 2022-20075431
NATIONALE LOTERIJ	accounts 2020	Accounts 2020 · 2025-00088735
LOTERIE NATIONALE - NATIONALE LOTERIJ	accounts 2020	Accounts 2020 · 2021-23100078
LOTERIE NATIONALE	accounts 2020	Accounts 2020 · 2025-00084167
LOTERIE NATIONALE - NATIONALE LOTERIJ	accounts 2008 → 2019	Accounts 2019 · 2020-13800493

Events

2025
Annual accounts 20258 M €↑
2025
Name changeNATIONALE LOTERIJ
2025
Name changeLOTERIE NATIONALE
2024
Annual accounts 20241,2 M €↓
2024
Name changeLOTERIE NATIONALE
2024
Name changeNATIONALE LOTERIJ
2023
Annual accounts 20236,5 M €↓
2023
Name changeLOTERIE NATIONALE
01/10/2023
autre
2022
Annual accounts 20229,9 M €↓
2022
Name changeNationale Loterij - Loterie Nationale
2022
Name changeLOTERIE NATIONALE
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 €↑
2021
Name changeNationale Loterij - Loterie Nationale
21/05/2021
demissionAnn Brusseel · lid van de Raad van bestuur
21/05/2021
demissionAnn Brusseel · membre du conseil d'administration
2020
Annual accounts 202019,9 M €↑
2020
Name changeLOTERIE NATIONALE
2020
Name changeLOTERIE NATIONALE - NATIONALE LOTERIJ
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 €
06/07/1964
IncorporationPublic limited company

LOTERIE NATIONALE

Overview

Identity

Financials

Valuation

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

Timeline

Registered offices

Company names

Events