ACTIVE

Merlin Entertainments Belgium

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Financial year 2025 · Closed on 31/12/2025

Net result-802,1 k €-104,9 %over 1 year

Revenue7,5 M €+0,6 %over 1 year

Equity2,4 M €-24,9 %over 1 year

Workforce51,7 ETP+5,3 %over 1 year

Identity

Source · BCE/KBO

Merlin Entertainments Belgium is a Public limited company incorporated in 1994. Its main activity is: Gambling and betting activities. Its registered office is in Blankenberge. It employs on average 51,7 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0452.786.694
Incorporation: 30/05/1994
Legal form: Public limited company
Registered office: Koning Albert-I-laan 116
8370 Blankenberge · FlandreSee on map
Contributed capital: 62 000,00 €
Latest accounts: 31/12/2025
Average workforce: 51,7 ETP

Activities (NACE)

92332Gambling and betting activities· main 93210Activities of amusement parks and theme parks 93212Activities of amusement parks and theme parks 47784Other retail sale of new goods in specialised stores 47786Other retail sale of new goods in specialised stores 52497Warehousing and support activities for transportation+3

Joint committees (3)

Signals

Positive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 20 filings

Trend over 17 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	7,5 M €	+0.6%	7,5 M €	+2.0%	7,3 M €	+38.7%	5,3 M €	+215%	1,7 M €
EBITDA	923,4 k €	-32.5%	1,4 M €	+177%	494 k €	+96.0%	252 k €	+64.9%	152,9 k €
Operating result	-588,3 k €	-466%	-103,9 k €	+88.4%	-894,4 k €	-68.0%	-532,4 k €	-510%	-87,3 k €
Net result	-802,1 k €	-105%	-391,4 k €	+66.4%	-1,2 M €	-88.1%	-618,9 k €	-760%	-72 k €
Balance sheet
Equity	2,4 M €	-24.9%	3,2 M €	-10.8%	3,6 M €	-24.3%	4,8 M €	-11.5%	5,4 M €
Total assets	11,3 M €	-11.8%	12,9 M €	-6.7%	13,8 M €	-25.6%	18,5 M €	+186%	6,5 M €
Cash	420,7 k €	-48.3%	814,4 k €	+4.1%	782,5 k €	+1.5%	771,1 k €	+55.2%	497 k €
Debts	8 M €	-6.1%	8,6 M €	-4.6%	9 M €	-28.0%	12,5 M €	+1147%	1 M €
Other
Workforce	51,7 ETP	+5.3%	49,1 ETP	-4.3%	51,3 ETP	+31.5%	39,0 ETP	+233%	11,7 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

4 active · 47 ended

Active mandates

Barbara Hoppel

Director · since 01 décembre 2025 · until 26 mars 2032

Active

Laurent Tareau

Director · since 04 octobre 2024 · until 01 décembre 2025

Active

Erik van Kleef

Director · since 04 juillet 2024 · until 01 décembre 2025

Active

Matthew JOWETT

Managing director · since 02 avril 2021 · until 26 mars 2027

Active

Ended mandates

Laurent Tareau

Director · since 04 octobre 2024 · until 23 mars 2029

Ended

Erik van Kleef

Director · since 04 juillet 2024 · until 23 mars 2029

Ended

Erik van Kleef

Director · since 04 juillet 2024 · until 03 juillet 2029

Ended

René SLEVEN

Director · since 14 septembre 2023 · until 24 mars 2028

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	10/08/2026	02/08/2025	30/05/2025	27/09/2024	29/05/2024	30/03/2023
General meeting	10/08/2026	01/08/2025	30/05/2025	18/09/2024	03/05/2024	10/03/2023
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	10/08/2026	10/08/2026	Dutch	PDF
Full model	31/12/2024	01/08/2025	02/08/2025	Dutch	PDF
Full model	31/12/2023	30/05/2025	30/05/2025	Dutch	PDF
Full model	31/12/2022	18/09/2024	27/09/2024	Dutch	PDF
Full model	31/12/2021	03/05/2024	29/05/2024	Dutch	PDF
Full model	31/12/2020	10/03/2023	30/03/2023	Dutch	PDF
Full model	31/12/2019	14/01/2022	01/02/2022	Dutch	PDF
Full model	31/12/2018	30/10/2019	07/11/2019	Dutch	PDF
Full model	31/12/2017	26/09/2018	15/10/2018	Dutch	PDF
Full model	31/12/2016	25/09/2017	26/09/2017	Dutch	PDF
Full model	31/12/2015	25/03/2016	27/05/2016	Dutch	PDF
Full model	31/12/2014	27/03/2015	22/04/2015	Dutch	PDF
Full model	31/12/2013	28/03/2014	06/05/2014	Dutch	PDF
Full model	31/12/2012	12/04/2013	03/06/2013	Dutch	PDF
Full model	31/12/2011	23/03/2012	16/05/2012	Dutch	PDF
Full model	31/12/2010	15/04/2011	19/05/2011	Dutch	PDF
Full model	31/12/2009	16/07/2010	28/07/2010	Dutch	PDF
Full model	31/12/2008	26/06/2009	20/07/2009	Dutch	PDF
Full model	31/12/2007	30/07/2008	28/08/2008	Dutch	PDF
Full model	31/12/2006	29/06/2007	24/07/2007	Dutch	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 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

4 active · 47 ended

Active mandates

Barbara Hoppel

Director · since 01 décembre 2025 · until 26 mars 2032

Active

Laurent Tareau

Director · since 04 octobre 2024 · until 01 décembre 2025

Active

Erik van Kleef

Director · since 04 juillet 2024 · until 01 décembre 2025

Active

Matthew JOWETT

Managing director · since 02 avril 2021 · until 26 mars 2027

Active

Ended mandates

Laurent Tareau

Director · since 04 octobre 2024 · until 23 mars 2029

Ended

Erik van Kleef

Director · since 04 juillet 2024 · until 23 mars 2029

Ended

Erik van Kleef

Director · since 04 juillet 2024 · until 03 juillet 2029

Ended

René SLEVEN

Director · since 14 septembre 2023 · until 24 mars 2028

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates16/01/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates08/01/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates24/09/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates09/10/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates12/01/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates11/07/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates12/04/2021
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - BENAMING - DOEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates12/03/2021
ONTSLAGEN - BENOEMINGEN
PDF

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

See the Business plan

Timeline

2025
Annual accounts 2025-802,1 k €↓
2024
Annual accounts 2024-391,4 k €↑
2023
Annual accounts 2023-1,2 M €↓
2022
Annual accounts 2022-618,9 k €↓
2021
Annual accounts 2021-72 k €↑
2020
Annual accounts 2020-270,6 k €↓
2016
Annual accounts 2016282,3 k €↓
2015
Annual accounts 2015423,3 k €↑
2014
Annual accounts 2014321,3 k €↑
2013
Annual accounts 2013-120,3 k €↓
2012
Annual accounts 2012344,1 k €↓
2011
Annual accounts 2011361,5 k €↑
2010
Annual accounts 2010354,6 k €↑
2009
Annual accounts 2009229,7 k €↓
2008
Annual accounts 2008286,1 k €↑
2007
Annual accounts 2007180,3 k €↓
2006
Annual accounts 2006225,6 k €
30/05/1994
IncorporationPublic limited company

Merlin Entertainments Belgium

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