ACTIVE

GAMBLING MANAGEMENT

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Financial year 2025 · Closed on 31/12/2025

Net result3 M €+5,1 %over 1 year

Revenue151,8 M €+24,2 %over 1 year

Equity15,9 M €+6,9 %over 1 year

Workforce215,2 ETP+9,3 %over 1 year

Identity

Source · BCE/KBO

GAMBLING MANAGEMENT is a Public limited company incorporated in 2003. Its main activity is: Gambling and betting activities. Its registered office is in Liège. It employs on average 215,2 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0859.984.677
Incorporation: 06/08/2003
Legal form: Public limited company
Registered office: Rue des Guillemins 129
4000 Liège · WallonieSee on map
Contributed capital: 5 500 000,00 €
Latest accounts: 31/12/2025
Average workforce: 215,2 ETP

Activities (NACE)

92000Gambling and betting activities· main 92000Gambling and betting activities 92710Gambling and betting activities 55301Camping grounds, recreational vehicle parks and trailer parks 55401Accommodation 56101Restaurants and mobile food service activities+3

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	151,8 M €	+24.2%	122,2 M €	+30.0%	94 M €	+31.2%	71,7 M €	+15.9%	61,9 M €
EBITDA	12 M €	+22.4%	9,8 M €	+456%	-2,7 M €	-853%	364,4 k €	-94.6%	6,7 M €
Operating result	10,9 M €	+20.6%	9 M €	+340%	-3,8 M €	-422%	-722 k €	-112%	6 M €
Net result	3 M €	+5.1%	2,9 M €	+175%	-3,8 M €	-256%	-1,1 M €	-128%	3,8 M €
Balance sheet
Equity	15,9 M €	+6.9%	14,9 M €	+198%	5 M €	-43.4%	8,8 M €	-10.8%	9,9 M €
Total assets	37,4 M €	+3.8%	36,1 M €	+113%	16,9 M €	-9.4%	18,7 M €	-27.1%	25,6 M €
Cash	4,8 M €	-4.6%	5 M €	-16.9%	6,1 M €	+60.9%	3,8 M €	+12.4%	3,4 M €
Debts	20,7 M €	+1.3%	20,5 M €	+99.2%	10,3 M €	+13.8%	9 M €	-40.4%	15,1 M €
Other
Workforce	215,2 ETP	+9.3%	196,9 ETP	+19.3%	165,0 ETP	+60.2%	103,0 ETP	-15.2%	121,5 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 · 7 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Leonard Nicolas	Director01/07/2025 → 04/06/2031Managing director01/06/2016 → 2019 accountsended
MILE MANAGEMENT0537.166.204Represented by EMMANUEL MEWISSEN	Chairman of the board of directors01/08/2013 → 11/06/2029Director01/06/2017 → 2019 accountsendedManaging director01/08/2013 → 2018 accountsendedMandate2021 accountsended
Sylvain BONIVER	Managing director07/07/2022 → 07/06/2028Director07/07/2022 → 2022 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
GESTION LOISIRS0430.309.618Represented by NICOLAS LEONARD	Director28/06/2024 → 2024 accounts
ARDENT CASINO BELGIUM0700.811.340Represented by Jean-Marie LEONARD	Managing director28/07/2018 → 2022 accounts
ARDENT CASINO INTERNATIONAL0700.809.954Represented by Nicolas LEONARD	Managing director28/07/2018 → 2020 accounts

Other companies at this address

Rue des Guillemins 129 4000 Liège

Company	CBE 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 REAL ESTATE● Active	0700.808.271
GAMES SERVICES● Active	0423.669.076
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

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	31/07/2023	26/08/2022	31/08/2021
General meeting	08/06/2026	10/06/2025	28/06/2024	07/06/2023	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	07/06/2023	31/07/2023	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	05/06/2019	23/08/2019	French	PDF
Full model	31/12/2017	06/06/2018	31/08/2018	French	PDF
Full model	31/12/2016	07/06/2017	27/07/2017	French	PDF
Full model	31/12/2015	29/06/2016	29/08/2016	French	PDF
Full model	31/12/2014	24/06/2015	30/07/2015	French	PDF
Full model	31/12/2013	25/06/2014	18/07/2014	French	PDF
Full model	31/12/2012	26/06/2013	31/07/2013	French	PDF
Full model	31/12/2011	27/06/2012	19/07/2012	French	PDF
Full model	31/12/2010	01/06/2011	15/07/2011	French	PDF
Full model	31/12/2009	02/06/2010	29/06/2010	French	PDF
Full model	31/12/2008	03/06/2009	03/07/2009	French	PDF
Full model	31/12/2007	04/06/2008	02/07/2008	French	PDF
Full model	31/12/2006	27/06/2007	23/07/2007	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 · 7 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Leonard Nicolas	Director01/07/2025 → 04/06/2031Managing director01/06/2016 → 2019 accountsended
MILE MANAGEMENT0537.166.204Represented by EMMANUEL MEWISSEN	Chairman of the board of directors01/08/2013 → 11/06/2029Director01/06/2017 → 2019 accountsendedManaging director01/08/2013 → 2018 accountsendedMandate2021 accountsended
Sylvain BONIVER	Managing director07/07/2022 → 07/06/2028Director07/07/2022 → 2022 accountsended

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
GESTION LOISIRS0430.309.618Represented by NICOLAS LEONARD	Director28/06/2024 → 2024 accounts
ARDENT CASINO BELGIUM0700.811.340Represented by Jean-Marie LEONARD	Managing director28/07/2018 → 2022 accounts
ARDENT CASINO INTERNATIONAL0700.809.954Represented by Nicolas LEONARD	Managing director28/07/2018 → 2020 accounts

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates17/07/2026
Renouvellement du mandat du commissaire
PDF
Mandates15/06/2026
DEMISSIONS, NOMINATIONS
PDF
Mandates06/05/2026
DEMISSIONS, NOMINATIONS
PDF
Mandates27/03/2026
DEMISSIONS, NOMINATIONS
PDF
Mandates25/09/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates25/09/2024
DEMISSIONS, NOMINATIONS
PDF
Capital / shares25/01/2024
CAPITAL, ACTIONS
PDF
Mandates25/01/2024
DEMISSIONS, NOMINATIONS
PDF

Similar companies

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

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings19 filings

Mandates

Leonard Nicolas

MILE MANAGEMENT

Sylvain BONIVER

GESTION LOISIRS

ARDENT CASINO INTERNATIONAL

ARDENT CASINO BELGIUM

SOFABO

IDTEK

ARDENT BETTING

GESTBEL

20032004200520062007200820092010201120122013201420152016201720182019202020212022202320242025202620272028202920302031

GAMBLING MANAGEMENT

Rue des Guillemins 129, 4000 Liège

DirectorManaging director

Chairman of the board of directorsDirectorManaging director

Managing director

Chairman of the board of directorsDirector

Managing director

ManagerManaging director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Rue des Guillemins 129, 4000 LiègeCurrent	accounts 2021 → 2025	Accounts 2025 · 2026-00177934

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
GAMBLING MANAGEMENTCurrent	accounts 2006 → 2025	Accounts 2025 · 2026-00177934

Events

2025
Annual accounts 20253 M €↑
2024
Annual accounts 20242,9 M €↑
2022
Annual accounts 2022-3,8 M €↓
2021
Annual accounts 2021-1,1 M €↓
2020
Annual accounts 20203,8 M €↑
2019
Annual accounts 201938,9 k €↓
2018
Annual accounts 20181,3 M €↓
2017
Annual accounts 20172,1 M €↓
2016
Annual accounts 20162,5 M €↓
2015
Annual accounts 20153 M €↑
2014
Annual accounts 2014611,9 k €↑
2013
Annual accounts 2013-309,1 k €↓
2012
Annual accounts 2012-288,9 k €↑
2011
Annual accounts 2011-914,1 k €↓
2010
Annual accounts 2010-513,7 k €↓
2009
Annual accounts 2009198,2 k €↓
2008
Annual accounts 20081,1 M €↑
2007
Annual accounts 2007262,5 k €↓
2006
Annual accounts 20061,1 M €
06/08/2003
IncorporationPublic limited company

GAMBLING MANAGEMENT

Overview

Identity

Financials

Valuation

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

Timeline

Registered offices

Company names

Events