ACTIVE

GAMES SERVICES

Export PDF
Financial year 2025 · closed on 31/12/2025
Net result
200,3 k €
+11.1% YoY
Revenue
2,2 M €
+15.0% YoY
Equity
1,5 M €
+15.3% YoY
Workforce
17,6 ETP
+11.4% YoY

What does GAMES SERVICES do?

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· main68203Rental and operating of own or leased real estate92000Gambling and betting activities92000Gambling and betting activities92710Gambling and betting activities56301Beverage 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
View the BCE/KBO Public Search record →
Health score
Available with a Rovalta subscriptionTry for 7 days
Recommended credit limit
✦ Verdict · Analyst summary
Financials

Trend over 19 financial years

2025202420222021202020192018201720162015201420132012201120102009200820072006
Income statement
Revenue2,2 M €1,9 M €2,1 M €1 M €1 M €2 M €2 M €2,1 M €1,7 M €1,3 M €957,9 k €1 M €–––––––
EBITDA250,3 k €225,6 k €204,5 k €-19,4 k €-65,2 k €249,7 k €287,7 k €561 k €208,9 k €-87,5 k €-153,7 k €-252,4 k €-269,4 k €-306,2 k €27,2 k €77 k €188,4 k €107,2 k €427,3 k €
Operating result212,5 k €171,8 k €137,5 k €-113,3 k €-226,3 k €35,1 k €30,2 k €329,4 k €-26 k €-402,8 k €-256 k €-295,6 k €-286,1 k €-323 k €5,3 k €49,2 k €160,3 k €78,1 k €405 k €
Net result200,3 k €180,2 k €109,2 k €-121,6 k €-253 k €-436,6 €-6,6 k €293,4 k €-67,9 k €-449,4 k €-453,8 k €-299,9 k €-285,3 k €-322,3 k €2,9 k €48,6 k €102,1 k €58,5 k €271,4 k €
Balance sheet
Equity1,5 M €1,3 M €278,4 k €169,2 k €290,8 k €543,8 k €544,2 k €550,8 k €257,4 k €-848,4 k €-1,1 M €-605,1 k €-305,2 k €-119,9 k €202,4 k €199,5 k €230,9 k €278,8 k €270,3 k €
Total assets2,3 M €2 M €613,6 k €461,9 k €577,9 k €1,1 M €1,3 M €1,3 M €1,3 M €1,4 M €1,3 M €690,6 k €713,6 k €617 k €623,6 k €663,4 k €820,8 k €595,8 k €775,8 k €
Cash230,5 k €297,1 k €118,8 k €6,8 k €10,6 k €419 k €443,5 k €430,4 k €239,4 k €331 k €138,2 k €48,3 k €69,3 k €46,9 k €56 k €153 k €184,1 k €115,4 k €108,5 k €
Debts785,3 k €676,5 k €335,1 k €292,4 k €271,1 k €538 k €796,8 k €714,6 k €990,4 k €2,2 M €2,3 M €1,3 M €1 M €718,7 k €414 k €463,9 k €585,5 k €301,9 k €499,4 k €
Other
Workforce17,6 ETP15,8 ETP14,9 ETP15,4 ETP15,6 ETP15,6 ETP15,8 ETP14,7 ETP14,4 ETP14,3 ETP10,3 ETP12,6 ETP9,3 ETP9,1 ETP9,6 ETP8,2 ETP8,4 ETP7,6 ETP6,3 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 23 ended

Active mandates

Emmanuel Mewissen

Chairman of the board of directors · since 07 juillet 2022 · until 12 juin 2028

Active
CIRCUS BELGIUM

Managing director · since 01 septembre 2020 · until 08 juin 2026 · 0451.000.609

Represented by Nicolas LEONARD

Active

Ended mandates

Emmanuel Mewissen

Chairman of the board of directors · since 07 juillet 2022 · until 17 mai 2028

Ended
CIRCUS BELGIUM

Director · since 01 septembre 2020 · until 31 août 2026 · 0451.000.609

Represented by Nicolas LEONARD

Ended
CIRCUS BELGIUM

Managing director · since 01 septembre 2020 · until 31 août 2026 · 0451.000.609

Represented by Nicolas LEONARD

Ended
SOFABO

Chairman of the board of directors · since 17 mai 2017 · until 07 juillet 2022 · 0422.978.396

Represented by Victor-Tomas BOSQUIN

Ended
At this address

Other companies at this address

CompanyCBE 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
Annual accounts

Full financial information

202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelFull modelFull model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date15/06/202626/06/202501/07/202407/07/202326/08/202231/08/2021
General meeting08/06/202610/06/202528/06/202412/06/202330/06/202230/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

Looking for more information about this company?

Try for 7 days
Filings

Annual accounts filings

20 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Full model31/12/202508/06/202615/06/2026FrenchPDF
Full model31/12/202410/06/202526/06/2025FrenchPDF
Full model31/12/202328/06/202401/07/2024FrenchPDF
Full model31/12/202212/06/202307/07/2023FrenchPDF
Full model31/12/202130/06/202226/08/2022FrenchPDF
Full model31/12/202030/06/202131/08/2021FrenchPDF
Full model31/12/201903/07/202015/09/2020FrenchPDF
Full model31/12/201815/05/201923/08/2019FrenchPDF
Full model31/12/201716/05/201831/08/2018FrenchPDF
Full model31/12/201612/06/201727/07/2017FrenchPDF
Full model31/12/201530/06/201631/08/2016FrenchPDF
Full model31/12/201402/01/201525/08/2015FrenchPDF
Full model31/12/201328/06/201428/08/2014FrenchPDF
Abridged model31/12/201228/06/201303/07/2013FrenchPDF
Abridged model31/12/201108/06/201204/07/2012FrenchPDF
Abridged model31/12/201030/06/201129/08/2011FrenchPDF
Abridged model31/12/200919/05/201030/06/2010FrenchPDF
Abridged model31/12/200820/05/200925/06/2009FrenchPDF
Abridged model31/12/200721/05/200824/06/2008FrenchPDF
Abridged model31/12/200616/05/200723/07/2007FrenchPDF
Estimate

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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 23 ended

Active mandates

Emmanuel Mewissen

Chairman of the board of directors · since 07 juillet 2022 · until 12 juin 2028

Active
CIRCUS BELGIUM

Managing director · since 01 septembre 2020 · until 08 juin 2026 · 0451.000.609

Represented by Nicolas LEONARD

Active

Ended mandates

Emmanuel Mewissen

Chairman of the board of directors · since 07 juillet 2022 · until 17 mai 2028

Ended
CIRCUS BELGIUM

Director · since 01 septembre 2020 · until 31 août 2026 · 0451.000.609

Represented by Nicolas LEONARD

Ended
CIRCUS BELGIUM

Managing director · since 01 septembre 2020 · until 31 août 2026 · 0451.000.609

Represented by Nicolas LEONARD

Ended
SOFABO

Chairman of the board of directors · since 17 mai 2017 · until 07 juillet 2022 · 0422.978.396

Represented by Victor-Tomas BOSQUIN

Ended
Shareholders

Ownership and network

Looking for more information about this company?

Try for 7 days
Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates17/07/2026
    DEMISSIONS, NOMINATIONS
    PDF
  • Dissolution17/07/2026
    RUBRIQUE FIN (CESSATION, ANNULATION CESSATION, NULLITE, CONC, REORGANISATION JUDICIAIRE, ETC...) - RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
    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

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

Timeline

  1. 2025
    Annual accounts 2025200,3 k €↑
  2. 2024
    Annual accounts 2024180,2 k €↑
  3. 2022
    Annual accounts 2022109,2 k €↑
  4. 2021
    Annual accounts 2021-121,6 k €↑
  5. 2020
    Annual accounts 2020-253 k €↓
  6. 2019
    Annual accounts 2019-436,6 €↑
  7. 2018
    Annual accounts 2018-6,6 k €↓
  8. 2017
    Annual accounts 2017293,4 k €↑
  9. 2016
    Annual accounts 2016-67,9 k €↑
  10. 2015
    Annual accounts 2015-449,4 k €↑
  11. 2014
    Annual accounts 2014-453,8 k €↓
  12. 2013
    Annual accounts 2013-299,9 k €↓
  13. 2012
    Annual accounts 2012-285,3 k €↑
  14. 2011
    Annual accounts 2011-322,3 k €↓
  15. 2010
    Annual accounts 20102,9 k €↓
  16. 2009
    Annual accounts 200948,6 k €↓
  17. 2008
    Annual accounts 2008102,1 k €↑
  18. 2007
    Annual accounts 200758,5 k €↓
  19. 2006
    Annual accounts 2006271,4 k €
  20. 07/01/1983
    IncorporationPublic limited company