ACTIVE

PLAY AV

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Financial year 2025 · closed on 30/09/2025

Net result

1,6 M €

-9.9% YoY

Revenue

23,8 M €

+8.0% YoY

Equity

4,7 M €

+16.4% YoY

Workforce

47,7 ETP

+23.6% YoY

What does PLAY AV do?

PLAY AV is a Public limited company incorporated in 1994. Its registered office is in Nazareth-De Pinte. It employs on average 47,7 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0451.840.945

Incorporation

04/02/1994

Legal form

Public limited company

Registered office

Venecoweg 2
9810 Nazareth-De Pinte · FlandreSee on map

Contributed capital

1 010 000,00 €

Latest accounts

30/09/2025

Average workforce

47,7 ETP

Joint committees (6)

100
1000
14901
200
2000
218

Signals

ProfitableSolid equityLow riskGood 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 14 financial years

	2025		2024		2023		2022		2021		2018		2017		2013		2012		2011		2010		2009		2008		2007
Income statement
Revenue	23,8 M €	+8.0%	22 M €	+7.7%	20,4 M €	+17.1%	17,5 M €	+16.8%	14,9 M €	+7.2%	13,9 M €	+2.3%	13,6 M €	+162%	5,2 M €		–		–		–		–		–		–
EBITDA	2,8 M €	-6.6%	3 M €	+30.3%	2,3 M €	+28.4%	1,8 M €	+84.0%	969,9 k €	-17.2%	1,2 M €	-15.7%	1,4 M €	+199%	464,6 k €	-0.2%	465,5 k €	-11.2%	524,1 k €	-36.0%	818,8 k €	+44.3%	567,6 k €	+4.3%	544 k €	+7.8%	504,8 k €
Operating result	2 M €	-13.7%	2,3 M €	+28.5%	1,8 M €	+19.1%	1,5 M €	+117%	691,8 k €	+9.7%	630,7 k €	-20.8%	796,5 k €	+724%	96,6 k €	+3.7%	93,1 k €	-24.6%	123,5 k €	-67.3%	377,8 k €	+88.4%	200,5 k €	+16.9%	171,5 k €	+48.2%	115,8 k €
Net result	1,6 M €	-9.9%	1,7 M €	+45.6%	1,2 M €	+18.2%	1 M €	+119%	459,9 k €	+5.6%	435,5 k €	-34.0%	660 k €	+16259%	4 k €	+169%	1,5 k €	-93.5%	23,1 k €	-86.7%	173,8 k €	+159%	67 k €	+213%	21,4 k €	+42.6%	15 k €
Balance sheet
Equity	4,7 M €	+16.4%	4 M €	+26.1%	3,2 M €	+47.9%	2,1 M €	+16.6%	1,8 M €	+32.4%	1,4 M €	+6.1%	1,3 M €	+124%	586,4 k €	+0.7%	582,3 k €	+0.3%	580,8 k €	-4.7%	609,8 k €	+19.3%	511 k €	+1.4%	504 k €	-12.0%	572,6 k €
Total assets	11,1 M €	+11.7%	9,9 M €	-2.6%	10,2 M €	+29.1%	7,9 M €	+39.5%	5,6 M €	+11.4%	5,1 M €	-28.3%	7,1 M €	+149%	2,8 M €	-5.4%	3 M €	+3.0%	2,9 M €	-4.5%	3 M €	-29.8%	4,3 M €	+59.6%	2,7 M €	-6.8%	2,9 M €
Cash	446,7 k €	+7.2%	416,7 k €	+225%	128 k €	+255%	36 k €	-74.7%	142,3 k €	-81.2%	756 k €	-24.3%	998,8 k €	+654%	132,4 k €	+118%	60,6 k €	+20.4%	50,4 k €	-86.6%	376 k €	+162%	143,3 k €	+8.8%	131,7 k €	-47.1%	249,1 k €
Debts	6,1 M €	+12.9%	5,4 M €	-9.6%	6 M €	+37.2%	4,4 M €	+29.1%	3,4 M €	+7.6%	3,1 M €	-41.4%	5,4 M €	+142%	2,2 M €	-7.1%	2,4 M €	+4.0%	2,3 M €	-4.3%	2,4 M €	-35.3%	3,7 M €	+71.2%	2,2 M €	-5.4%	2,3 M €
Other
Workforce	47,7 ETP	+23.6%	38,6 ETP	-3.3%	39,9 ETP	+6.7%	37,4 ETP	-4.8%	39,3 ETP	+6.5%	36,9 ETP	-11.3%	41,6 ETP	+61.2%	25,8 ETP	+5.3%	24,5 ETP	+23.7%	19,8 ETP	+9.4%	18,1 ETP	-8.6%	19,8 ETP	+6.5%	18,6 ETP	+10.1%	16,9 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/09/2025 · 2 active · 20 ended

Active mandates

BALCON

Director · 0762.444.348

Represented by Bruno Hoste

Active

Vigoris

Director · 0686.899.065

Represented by Vic Hoste

Active

Ended mandates

Vigoris

Director · since 14 avril 2022 · 0686.899.065

Represented by Vic Hoste

Ended

BALCON

Director · since 13 avril 2022 · 0762.444.348

Represented by Bruno Hoste

Ended

Play Group

Director · since 13 avril 2022 · until 14 avril 2022 · 0477.930.678

Represented by Vic HOSTE

Ended

PLAY INVEST

Managing director · since 22 août 2016 · until 07 mars 2022 · 0872.210.934

Represented by Verhellen Dirk

Ended

At this address

Other companies at this address

Company	CBE no.
Play Finance● Active	0422.227.538
Play Group● Active	0477.930.678

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	01/10/2024	01/10/2023	01/10/2022	01/10/2021	01/10/2020	01/10/2019
Closing of the financial year	30/09/2025	30/09/2024	30/09/2023	30/09/2022	30/09/2021	30/09/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	13/02/2026	06/02/2025	20/03/2024	11/04/2023	22/04/2022	15/02/2021
General meeting	26/01/2026	06/01/2025	04/03/2024	30/03/2023	28/03/2022	25/01/2021
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	30/09/2025	26/01/2026	13/02/2026	Dutch	PDF
Full model	30/09/2024	06/01/2025	06/02/2025	Dutch	PDF
Full model	30/09/2023	04/03/2024	20/03/2024	Dutch	PDF
Full model	30/09/2022	30/03/2023	11/04/2023	Dutch	PDF
Full model	30/09/2021	28/03/2022	22/04/2022	Dutch	PDF
Full model	30/09/2020	25/01/2021	15/02/2021	Dutch	PDF
Full model	30/09/2019	20/01/2020	24/01/2020	Dutch	PDF
Full model	30/09/2018	31/01/2019	07/02/2019	Dutch	PDF
Full model	30/09/2017	18/01/2018	19/01/2018	Dutch	PDF
Full model	30/09/2016	27/03/2017	27/04/2017	Dutch	PDF
Full model	31/12/2014	01/06/2015	16/06/2015	Dutch	PDF
Full model	31/08/2013	29/11/2013	27/12/2013	Dutch	PDF
Abridged model	31/08/2012	25/02/2013	29/03/2013	Dutch	PDF
Abridged model	31/08/2011	06/02/2012	08/03/2012	Dutch	PDF
Abridged model	31/08/2010	07/02/2011	07/03/2011	Dutch	PDF
Abridged model	31/08/2009	01/02/2010	26/02/2010	Dutch	PDF
Abridged model	31/08/2008	02/02/2009	26/02/2009	Dutch	PDF
Abridged model	31/08/2007	04/02/2008	03/03/2008	Dutch	PDF
Abridged model	31/08/2006	05/02/2007	02/03/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 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 30/09/2025 · 2 active · 20 ended

Active mandates

BALCON

Director · 0762.444.348

Represented by Bruno Hoste

Active

Vigoris

Director · 0686.899.065

Represented by Vic Hoste

Active

Ended mandates

Vigoris

Director · since 14 avril 2022 · 0686.899.065

Represented by Vic Hoste

Ended

BALCON

Director · since 13 avril 2022 · 0762.444.348

Represented by Bruno Hoste

Ended

Play Group

Director · since 13 avril 2022 · until 14 avril 2022 · 0477.930.678

Represented by Vic HOSTE

Ended

PLAY INVEST

Managing director · since 22 août 2016 · until 07 mars 2022 · 0872.210.934

Represented by Verhellen Dirk

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates17/02/2026
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring31/01/2024
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring28/07/2023
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates14/04/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates27/06/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates26/02/2019
ONTSLAGEN - BENOEMINGEN
PDF
Mandates03/05/2018
ONTSLAGEN - BENOEMINGEN
PDF
Other24/10/2017
DIVERSEN
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 20251,6 M €↓
2024
Annual accounts 20241,7 M €↑
2023
Annual accounts 20231,2 M €↑
2022
Annual accounts 20221 M €↑
2021
Annual accounts 2021459,9 k €↑
2018
Annual accounts 2018435,5 k €↓
2017
Annual accounts 2017660 k €↑
2013
Annual accounts 20134 k €↑
2012
Annual accounts 20121,5 k €↓
2011
Annual accounts 201123,1 k €↓
2010
Annual accounts 2010173,8 k €↑
2009
Annual accounts 200967 k €↑
2008
Annual accounts 200821,4 k €↑
2007
Annual accounts 200715 k €
04/02/1994
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

PLAY AV

Overview

What does PLAY AV do?

Trend over 14 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