ACTIVE

THE

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Financial year 2025 · closed on 31/12/2025
Net result
-123,7 k €
+16.5% YoY
Gross margin
443,8 k €
+4.8% YoY
Equity
113,3 k €
-52.2% YoY
Workforce
11,1 ETP
+6.7% YoY

What does THE do?

THE is a Private limited company incorporated in 2013. Its main activity is: Operation of sports facilities. Its registered office is in Dilsen-Stokkem. It employs on average 11,1 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0535.642.809
Incorporation
28/05/2013
Legal form
Private limited company
Registered office
Nationaal Parklaan 5
3650 Dilsen-Stokkem · FlandreSee on map
Contributed capital
18 600,00 €
Latest accounts
31/12/2025
Average workforce
11,1 ETP
Activities (NACE)
93110Operation of sports facilities· main93110Operation of sports facilities93126Activities of sports clubs93126Activities of sports clubs56101Restaurants and mobile food service activities56111Restaurants and mobile food service activities+4
Joint committees (1)
  • 333
Signals
Positive cashflowPositive EBITDAHealthy social debts
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 11 financial years

20252024202320222021202020182017201620152014
Income statement
Gross margin443,8 k €423,3 k €499,3 k €587,2 k €353,6 k €411,2 k €155,7 k €52,1 k €124,7 k €53 k €92,3 k €
EBITDA52,1 k €20,4 k €160,6 k €276,5 k €128,8 k €309,2 k €114,3 k €28 k €81,3 k €25,1 k €65,6 k €
Operating result-99,5 k €-125,5 k €23,2 k €163,1 k €16,2 k €255,3 k €38,1 k €2,1 k €35,2 k €-17,9 k €10,3 k €
Net result-123,7 k €-148,2 k €6 k €143,9 k €1,6 k €202,8 k €30 k €-1,1 k €26,4 k €-26,4 k €6,1 k €
Balance sheet
Equity113,3 k €237 k €385,1 k €379,1 k €235,2 k €233,6 k €53,5 k €23,5 k €24,7 k €-1,8 k €24,7 k €
Total assets806,6 k €917,7 k €866,1 k €930 k €738,7 k €687,8 k €398,1 k €135,8 k €187,7 k €160,8 k €161,9 k €
Cash8,2 k €16,5 k €3,8 k €33,4 k €2,9 k €230 k €160,6 k €47,3 k €71 k €45 k €54,7 k €
Debts693,4 k €673,1 k €480,3 k €543,7 k €499,2 k €454,3 k €344,6 k €112,2 k €163,1 k €162,6 k €137,2 k €
Other
Workforce11,1 ETP10,4 ETP11,4 ETP11,8 ETP11,5 ETP8,2 ETP–––1,1 ETP1,5 ETP
Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 16 ended

Active mandates

SURF & FUN

Director · since 27 mars 2020 · 0842.302.369

Represented by Theodorus Van Lierop

Active

Ended mandates

SURF & FUN

Director · since 27 mars 2020 · 0842.302.369

Ended
Elke Venken

Manager · since 28 mai 2013 · 0535.602.128

Represented by Elke Venken

Ended
Elke Venken Comm.V

Manager · since 28 mai 2013 · 0535.602.128

Represented by Elke Venken

Ended
Hardeman²

Manager · since 28 mai 2013 · 0535.607.571

Represented by Hannes Hardeman

Ended
At this address

Other companies at this address

CompanyCBE no.
Birota Rentalis● Active
0759.374.297
GRADUS RENTALIS● Active
0763.943.492
KUPALO HOLDING● Active
0758.987.485
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/11/2019
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 months14 months
Filing date10/07/202629/08/202512/07/202412/07/202308/08/202230/07/2021
General meeting19/06/202620/06/202521/06/202416/06/202317/06/202218/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

12 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202519/06/202610/07/2026DutchPDF
Abridged model31/12/202420/06/202529/08/2025DutchPDF
Abridged model31/12/202321/06/202412/07/2024DutchPDF
Abridged model31/12/202216/06/202312/07/2023DutchPDF
Abridged model31/12/202117/06/202208/08/2022DutchPDF
Abridged model31/12/202018/06/202130/07/2021DutchPDF
Micro model31/10/201906/03/202011/03/2020DutchPDF
Micro model31/10/201807/12/201810/12/2018DutchPDF
Micro model31/10/201702/03/201829/03/2018DutchPDF
Abridged model31/10/201603/03/201715/03/2017DutchPDF
Abridged model31/10/201504/03/201604/03/2016DutchPDF
Abridged model31/10/201406/03/201524/03/2015DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 k€

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 · 1 active · 16 ended

Active mandates

SURF & FUN

Director · since 27 mars 2020 · 0842.302.369

Represented by Theodorus Van Lierop

Active

Ended mandates

SURF & FUN

Director · since 27 mars 2020 · 0842.302.369

Ended
Elke Venken

Manager · since 28 mai 2013 · 0535.602.128

Represented by Elke Venken

Ended
Elke Venken Comm.V

Manager · since 28 mai 2013 · 0535.602.128

Represented by Elke Venken

Ended
Hardeman²

Manager · since 28 mai 2013 · 0535.607.571

Represented by Hannes Hardeman

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Other26/05/2021
    ALGEMENE VERGADERING - BOEKJAAR - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …)
    PDF
  • Mandates29/04/2020
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other30/08/2018
    DOEL
    PDF
  • Mandates16/05/2018
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other21/06/2013
    RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
    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 2025-123,7 k €↑
  2. 2024
    Annual accounts 2024-148,2 k €↓
  3. 2023
    Annual accounts 20236 k €↓
  4. 2022
    Annual accounts 2022143,9 k €↑
  5. 2021
    Annual accounts 20211,6 k €↓
  6. 2020
    Annual accounts 2020202,8 k €↑
  7. 2018
    Annual accounts 201830 k €↑
  8. 2017
    Annual accounts 2017-1,1 k €↓
  9. 2016
    Annual accounts 201626,4 k €↑
  10. 2015
    Annual accounts 2015-26,4 k €↓
  11. 2014
    Annual accounts 20146,1 k €
  12. 28/05/2013
    IncorporationPrivate limited company