ACTIVE

GAMES SERVICES

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Financial year 2025 · Closed on 31/12/2025

Net result200,3 k €+11,1 %over 1 year

Revenue2,2 M €+15,0 %over 1 year

Equity1,5 M €+15,3 %over 1 year

Workforce17,6 ETP+11,4 %over 1 year

Identity

Source · BCE/KBO

GAMES SERVICES is a Public limited company incorporated in 1983. Its main activity is: Rental and operating of own or leased real estate. Its registered office is in Liège. It employs on average 17,6 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0423.669.076
Incorporation: 07/01/1983
Legal form: Public limited company
Registered office: Rue des Guillemins 129
4000 Liège · WallonieSee on map
Contributed capital: 2 800 000,00 €
Latest accounts: 31/12/2025
Average workforce: 17,6 ETP

Activities (NACE)

68203Rental and operating of own or leased real estate· main 68203Rental and operating of own or leased real estate 92000Gambling and betting activities 92000Gambling and betting activities 92710Gambling and betting activities 56301Beverage serving activities+5

Joint committees (2)

14904
218

Contacts

2 public details availableLog in to view

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 20 filings

Trend over 19 financial years

	2025		2024		2022		2021		2020
Income statement
Revenue	2,2 M €	+15.0%	1,9 M €	-7.4%	2,1 M €	+106%	1 M €	-2.1%	1 M €
EBITDA	250,3 k €	+11.0%	225,6 k €	+10.3%	204,5 k €	+1153%	-19,4 k €	+70.2%	-65,2 k €
Operating result	212,5 k €	+23.7%	171,8 k €	+25.0%	137,5 k €	+221%	-113,3 k €	+49.9%	-226,3 k €
Net result	200,3 k €	+11.1%	180,2 k €	+65.1%	109,2 k €	+190%	-121,6 k €	+51.9%	-253 k €
Balance sheet
Equity	1,5 M €	+15.3%	1,3 M €	+369%	278,4 k €	+64.5%	169,2 k €	-41.8%	290,8 k €
Total assets	2,3 M €	+15.6%	2 M €	+223%	613,6 k €	+32.8%	461,9 k €	-20.1%	577,9 k €
Cash	230,5 k €	-22.4%	297,1 k €	+150%	118,8 k €	+1655%	6,8 k €	-36.1%	10,6 k €
Debts	785,3 k €	+16.1%	676,5 k €	+102%	335,1 k €	+14.6%	292,4 k €	+7.8%	271,1 k €
Other
Workforce	17,6 ETP	+11.4%	15,8 ETP	+6.0%	14,9 ETP	-3.2%	15,4 ETP	-1.3%	15,6 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 4 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Emmanuel Mewissen	Chairman of the board of directors07/07/2022 → 12/06/2028
CIRCUS BELGIUM0451.000.609Represented by Nicolas LEONARD	Managing director01/09/2014 → 31/08/2026Director01/09/2014 → 2022 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
SOFABO0422.978.396Represented by Victor-Tomas BOSQUIN	Chairman of the board of directors01/09/2014 → 2022 accounts

Other companies at this address

Rue des Guillemins 129 4000 Liège

Company	CBE no.
ALLIN1● Active	1009.334.983
ARDENT BETTING● Active	0459.573.924
ARDENT CASINO INTERNATIONAL● Active	0700.809.954
BIGB GAMING● Active	0779.530.008
CIRCUS BELGIUM● Active	0451.000.609
CIRCUS SERVICES● Active	0864.036.507
CORTEX HOLDING● Active	0555.947.679
EURO 78● Active	0423.111.426
Fondation Privée FOUNDATION1● Active	0788.196.759
FOUNDATION ALLIN1● Active	1009.343.594
GAMBLING MANAGEMENT● Active	0859.984.677
GAMBLING REAL ESTATE● Active	0700.808.271
GAMING ARDENT● Active	0667.768.487
HQ1● Active	0738.871.467
IP Trade● Active	0473.113.837
LUCKY BET● Active	0843.750.342
Meuse Bidco● Active	0778.683.336
Meuse Finco● Active	0778.734.311
Meuse Midco● Active	0778.513.684
NAMUR CASINO RESORT● Active	0654.871.150

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	15/06/2026	26/06/2025	01/07/2024	07/07/2023	26/08/2022	31/08/2021
General meeting	08/06/2026	10/06/2025	28/06/2024	12/06/2023	30/06/2022	30/06/2021
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, 20 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	08/06/2026	15/06/2026	French	PDF
Full model	31/12/2024	10/06/2025	26/06/2025	French	PDF
Full model	31/12/2023	28/06/2024	01/07/2024	French	PDF
Full model	31/12/2022	12/06/2023	07/07/2023	French	PDF
Full model	31/12/2021	30/06/2022	26/08/2022	French	PDF
Full model	31/12/2020	30/06/2021	31/08/2021	French	PDF
Full model	31/12/2019	03/07/2020	15/09/2020	French	PDF
Full model	31/12/2018	15/05/2019	23/08/2019	French	PDF
Full model	31/12/2017	16/05/2018	31/08/2018	French	PDF
Full model	31/12/2016	12/06/2017	27/07/2017	French	PDF
Full model	31/12/2015	30/06/2016	31/08/2016	French	PDF
Full model	31/12/2014	02/01/2015	25/08/2015	French	PDF
Full model	31/12/2013	28/06/2014	28/08/2014	French	PDF
Abridged model	31/12/2012	28/06/2013	03/07/2013	French	PDF
Abridged model	31/12/2011	08/06/2012	04/07/2012	French	PDF
Abridged model	31/12/2010	30/06/2011	29/08/2011	French	PDF
Abridged model	31/12/2009	19/05/2010	30/06/2010	French	PDF
Abridged model	31/12/2008	20/05/2009	25/06/2009	French	PDF
Abridged model	31/12/2007	21/05/2008	24/06/2008	French	PDF
Abridged model	31/12/2006	16/05/2007	23/07/2007	French	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 31/12/2025

2 active · 4 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Emmanuel Mewissen	Chairman of the board of directors07/07/2022 → 12/06/2028
CIRCUS BELGIUM0451.000.609Represented by Nicolas LEONARD	Managing director01/09/2014 → 31/08/2026Director01/09/2014 → 2022 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
SOFABO0422.978.396Represented by Victor-Tomas BOSQUIN	Chairman of the board of directors01/09/2014 → 2022 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates17/07/2026
Renouvellement du mandat du commissaire et d'un administrateur
PDF
Dissolution17/07/2026
OPERATION ASSIMILEE A FUSION PAR ABSORPTION — DISSOLUTION
PDF
Mandates15/06/2026
DEMISSIONS, NOMINATIONS
PDF
Restructuring28/05/2026
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Restructuring28/05/2026
RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
PDF
Mandates27/03/2026
DEMISSIONS, NOMINATIONS
PDF
Mandates13/02/2026
DEMISSIONS, NOMINATIONS
PDF
Capital / shares29/01/2024
CAPITAL, ACTIONS
PDF

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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

Incorporation

Name

Registered office

Annual accounts

Filings19 filings

Mandates

Emmanuel Mewissen

CIRCUS BELGIUM

SOFABO

Jacques SCHMETZ

Joseph ROUFFLAER

Dominique LEROY

1983198419851986198719881989199019911992199319941995199619971998199920002001200220032004200520062007200820092010201120122013201420152016201720182019202020212022202320242025202620272028

GAMES SERVICES

Rue des Guillemins 129, 4000 Liège

Chairman of the board of directors

Managing directorDirector

Chairman of the board of directorsDirector

DirectorManager

Director

DirectorManager

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Rue des Guillemins 129, 4000 LiègeCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00178622

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
GAMES SERVICESCurrent	accounts 2006 → 2025	Accounts 2025 · 2026-00178622

Events

2025
Annual accounts 2025200,3 k €↑
2024
Annual accounts 2024180,2 k €↑
2022
Annual accounts 2022109,2 k €↑
2021
Annual accounts 2021-121,6 k €↑
2020
Annual accounts 2020-253 k €↓
2019
Annual accounts 2019-436,6 €↑
2018
Annual accounts 2018-6,6 k €↓
2017
Annual accounts 2017293,4 k €↑
2016
Annual accounts 2016-67,9 k €↑
2015
Annual accounts 2015-449,4 k €↑
2014
Annual accounts 2014-453,8 k €↓
2013
Annual accounts 2013-299,9 k €↓
2012
Annual accounts 2012-285,3 k €↑
2011
Annual accounts 2011-322,3 k €↓
2010
Annual accounts 20102,9 k €↓
2009
Annual accounts 200948,6 k €↓
2008
Annual accounts 2008102,1 k €↑
2007
Annual accounts 200758,5 k €↓
2006
Annual accounts 2006271,4 k €
07/01/1983
IncorporationPublic limited company

GAMES SERVICES

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