ACTIVE

CASINO DE SPA

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Financial year 2025 · Closed on 31/12/2025

Net result3,5 M €+345,3 %over 1 year

Revenue96,6 M €-0,9 %over 1 year

Equity17,5 M €-27,1 %over 1 year

Workforce37,0 ETP+2,5 %over 1 year

Identity

Source · BCE/KBO

CASINO DE SPA is a Public limited company incorporated in 1990. Its main activity is: Operation of arts facilities. Its registered office is in Spa. It employs on average 37,0 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0440.077.617
Incorporation: 28/03/1990
Legal form: Public limited company
Registered office: Rue Royale 4
4900 Spa · WallonieSee on map
Contributed capital: 3 000 000,00 €
Latest accounts: 31/12/2025
Average workforce: 37,0 ETP

Activities (NACE)

90041Operation of arts facilities· main 90311Creative, arts and entertainment activities 92000Gambling and betting activities 92000Gambling and betting activities 92321Gambling and betting activities 92710Gambling and betting activities+11

Joint committees (4)

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	96,6 M €	-0.9%	97,5 M €	+8.6%	89,8 M €	+22.3%	73,4 M €	+3.8%	70,7 M €
EBITDA	3,8 M €	-51.0%	7,8 M €	-63.2%	21,2 M €	+20.5%	17,6 M €	-13.0%	20,2 M €
Operating result	6,4 M €	+0.7%	6,4 M €	-69.4%	20,8 M €	+20.2%	17,3 M €	-13.0%	19,9 M €
Net result	3,5 M €	+345%	-1,4 M €	-110%	14,5 M €	+10.8%	13,1 M €	-13.1%	15 M €
Balance sheet
Equity	17,5 M €	-27.1%	23,9 M €	-60.5%	60,5 M €	+31.4%	46,1 M €	+39.5%	33 M €
Total assets	28,2 M €	-28.5%	39,4 M €	-47.3%	74,8 M €	+37.8%	54,3 M €	+25.9%	43,1 M €
Cash	8,4 M €	+2.9%	8,1 M €	+1.4%	8 M €	+500%	1,3 M €	-35.0%	2,1 M €
Debts	10,6 M €	-13.5%	12,3 M €	-13.6%	14,2 M €	+75.4%	8,1 M €	-19.7%	10,1 M €
Other
Workforce	37,0 ETP	+2.5%	36,1 ETP	-3.7%	37,5 ETP	+10.6%	33,9 ETP	+2.1%	33,2 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 50 M€ and 100 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

3 active · 34 ended

Active mandates

Nicolas LEONARD

Managing director · since 01 juillet 2025 · until 09 juin 2031

Active

GESTION LOISIRS

Managing director · since 28 juin 2024 · until 30 juin 2025 · 0430.309.618

Represented by Nicolas LEONARD

Active

EMMANUEL MEWISSEN

Chairman of the board of directors · since 24 octobre 2019 · until 09 juin 2031

Active

Ended mandates

GESTION LOISIRS

Managing director · since 28 juin 2024 · until 10 juin 2030 · 0430.309.618

Represented by Nicolas LEONARD

Ended

Emmanuel MEWISSEN

Managing director · since 24 octobre 2019 · until 23 octobre 2025

Ended

EMMANUEL MEWISSEN

Chairman of the board of directors · since 24 octobre 2019 · until 23 octobre 2025

Ended

ARDENT CASINO BELGIUM

Managing director · since 28 juillet 2018 · until 27 juillet 2024 · 0700.811.340

Represented by NICOLAS LEONARD

Ended

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	03/06/2019	23/08/2019	French	PDF
Full model	31/12/2017	04/06/2018	31/08/2018	French	PDF
Full model	31/12/2016	12/06/2017	27/07/2017	French	PDF
Full model	31/12/2015	27/06/2016	31/08/2016	French	PDF
Full model	31/12/2014	01/06/2015	25/01/2016	French	PDF
Full model	31/12/2013	02/06/2014	23/07/2014	French	PDF
Full model	31/12/2012	03/06/2013	07/01/2014	French	PDF
Full model	31/12/2011	18/06/2012	18/07/2012	French	PDF
Full model	31/12/2010	06/06/2011	05/07/2011	French	PDF
Full model	31/12/2009	07/06/2010	06/07/2010	French	PDF
Full model	31/12/2008	08/06/2009	20/06/2009	French	PDF
Full model	31/12/2007	02/06/2008	02/07/2008	French	PDF
Abridged model	31/12/2006	04/06/2007	02/07/2007	French	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 50 M€ and 100 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

3 active · 34 ended

Active mandates

Nicolas LEONARD

Managing director · since 01 juillet 2025 · until 09 juin 2031

Active

GESTION LOISIRS

Managing director · since 28 juin 2024 · until 30 juin 2025 · 0430.309.618

Represented by Nicolas LEONARD

Active

EMMANUEL MEWISSEN

Chairman of the board of directors · since 24 octobre 2019 · until 09 juin 2031

Active

Ended mandates

GESTION LOISIRS

Managing director · since 28 juin 2024 · until 10 juin 2030 · 0430.309.618

Represented by Nicolas LEONARD

Ended

Emmanuel MEWISSEN

Managing director · since 24 octobre 2019 · until 23 octobre 2025

Ended

EMMANUEL MEWISSEN

Chairman of the board of directors · since 24 octobre 2019 · until 23 octobre 2025

Ended

ARDENT CASINO BELGIUM

Managing director · since 28 juillet 2018 · until 27 juillet 2024 · 0700.811.340

Represented by NICOLAS LEONARD

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates08/07/2026
DEMISSIONS, NOMINATIONS
PDF
Mandates05/06/2026
DEMISSIONS, NOMINATIONS
PDF
Mandates24/03/2026
DEMISSIONS, NOMINATIONS
PDF
Mandates30/01/2026
DEMISSIONS, NOMINATIONS
PDF
Mandates05/09/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates18/08/2025
DEMISSIONS, NOMINATIONS
PDF
Other06/06/2025
DIVERS
PDF
Mandates09/05/2025
DEMISSIONS, NOMINATIONS
PDF

Similar companies

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

See the Business plan

Timeline

23/03/2026
nominationJulien PETITNIOT — mandataire spécial
02/03/2026
nominationMarlène BERTRAND — mandataire spécial
05/01/2026
nominationJulie OOMS — mandataire spécial
2025
Annual accounts 20253,5 M €↑
24/10/2025
reconductionEmmanuel Mewissen — président du conseil d'administration
01/07/2025
nominationNicolas Léonard — administrateur
14/04/2025
nominationSteven SCHEERS — mandataire spécial
2024
Annual accounts 2024-1,4 M €↓
17/07/2024
nominationCatheline DUVIVIER — mandataire spécial
17/07/2024
nominationAurélie BARILLARO — mandataire spécial
17/07/2024
nominationAnne LAMBERT — mandataire spécial
17/07/2024
nominationDorian VERFAILLE — mandataire spécial
28/06/2024
reconductionSA ARDENT CASINO BELGIUM — administrateur-délégué
12/10/2023
reconductionBDO BEDRIJFSREVISOREN-BDO REVISEURS D'ENTREPRISES — commissaire
2022
Annual accounts 202214,5 M €↑
01/08/2022
nominationSonia AREZKI — mandataire spécial aux fins d'accomplir, au nom et pour le compte de la société les pouvoirs spéciaux limitativement énumérés ci-dessous (ressources humaines)
07/07/2022
nominationEmmanuel Mewissen — Président du conseil d'administration
2021
Annual accounts 202113,1 M €↓
2020
Annual accounts 202015 M €↑
2019
Annual accounts 20199,3 M €↑
2018
Annual accounts 20187 M €↑
2017
Annual accounts 20174,1 M €↑
2016
Annual accounts 20163,1 M €↑
2015
Annual accounts 20152,2 M €↑
2014
Annual accounts 20141,1 M €↓
2013
Annual accounts 20131,6 M €↑
2012
Annual accounts 2012564,8 k €↑
2011
Annual accounts 2011-522,9 k €↑
2010
Annual accounts 2010-826,1 k €↓
2009
Annual accounts 2009-478,7 k €↓
2008
Annual accounts 2008-366 k €↓
2007
Annual accounts 200792,9 k €↑
2006
Annual accounts 200614,3 k €
28/03/1990
IncorporationPublic limited company

CASINO DE SPA

Overview

Identity

Financials

Valuation

Indicative valuation

Board of directors

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