ACTIVE

CIRCUS SERVICES

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Financial year 2025 · Closed on 31/12/2025

Net result103 k €+30,5 %over 1 year

Revenue4,3 M €+4,7 %over 1 year

Equity10,5 M €-18,6 %over 1 year

Workforce33,0 ETP-1,8 %over 1 year

Identity

Source · BCE/KBO

CIRCUS SERVICES is a Private limited company incorporated in 2004. Its main activity is: Manufacture of games and toys. Its registered office is in Liège. It employs on average 33,0 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0864.036.507
Incorporation: 15/03/2004
Legal form: Private limited company
Registered office: Rue des Guillemins 129
4000 Liège · WallonieSee on map
Contributed capital: 8 315 665,00 €
Latest accounts: 31/12/2025
Average workforce: 33,0 ETP

Activities (NACE)

32400Manufacture of games and toys· main 32400Manufacture of games and toys 33190Repair of other equipment 33190Repair of other equipment 36500Water collection, treatment and supply

Joint committees (3)

14904
200
218

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	4,3 M €	+4.7%	4,1 M €	-36.9%	6,5 M €	+19.2%	5,4 M €		–
EBITDA	347,5 k €	-5.2%	366,5 k €	+51.2%	242,3 k €	+0.1%	242,1 k €	+486%	41,3 k €
Operating result	249,2 k €	+5.7%	235,9 k €	+47.8%	159,6 k €	-17.6%	193,7 k €	+885%	-24,7 k €
Net result	103 k €	+30.5%	78,9 k €	-98.7%	5,8 M €	+7882%	73,3 k €	+188%	-82,8 k €
Balance sheet
Equity	10,5 M €	-18.6%	12,9 M €	-9.9%	14,3 M €	+1048%	1,2 M €	+6.3%	1,2 M €
Total assets	12,2 M €	-8.2%	13,3 M €	-13.4%	15,4 M €	+332%	3,6 M €	-12.0%	4,1 M €
Cash	160 €	-100.0%	417,2 k €	+21.2%	344,3 k €	+4021%	8,4 k €	+26.4%	6,6 k €
Debts	1,8 M €	+284%	457,8 k €	-58.2%	1,1 M €	-52.8%	2,3 M €	-19.5%	2,9 M €
Other
Workforce	33,0 ETP	-1.8%	33,6 ETP	+1.5%	33,1 ETP	+7.1%	30,9 ETP	-1.9%	31,5 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

2 active · 4 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Roland MEWISSEN	Director08/03/2004 → 25/08/2028Manager08/03/2004 → 2018 accountsended
Jean-Marie LEONARD	Chairman of the board of directors07/07/2022 → 13/06/2028

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Christophe BONIVER	Director07/07/2022 → 2022 accounts
HRI0725.527.831Represented by Roland MEWISSEN	Director07/07/2022 → 25/08/2022
Daniel LEONARD	Director01/04/2019 → 07/07/2022

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
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 MANAGEMENT● Active	0859.984.677
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	Abridged 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	09/06/2026	10/06/2025	28/06/2024	23/06/2023	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	09/06/2026	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	23/06/2023	07/07/2023	French	PDF
Full model	31/12/2021	30/06/2022	26/08/2022	French	PDF
Abridged model	31/12/2020	30/06/2021	31/08/2021	French	PDF
Abridged model	31/12/2019	03/07/2020	06/10/2020	French	PDF
Abridged model	31/12/2018	11/06/2019	31/08/2019	French	PDF
Abridged model	31/12/2017	12/06/2018	31/08/2018	French	PDF
Abridged model	31/12/2016	13/06/2017	23/09/2017	French	PDF
Abridged model	31/12/2015	14/06/2016	30/09/2016	French	PDF
Abridged model	31/12/2014	09/06/2015	27/08/2015	French	PDF
Abridged model	31/12/2013	10/06/2014	29/07/2014	French	PDF
Abridged model	31/12/2012	11/06/2013	27/08/2013	French	PDF
Abridged model	31/12/2011	12/06/2012	08/08/2012	French	PDF
Abridged model	31/12/2010	14/06/2011	29/08/2011	French	PDF
Abridged model	31/12/2009	08/06/2010	17/08/2010	French	PDF
Abridged model	31/12/2008	09/06/2009	01/08/2009	French	PDF
Abridged model	31/12/2007	10/06/2008	23/07/2008	French	PDF
Abridged model	31/12/2006	12/06/2007	27/07/2007	French	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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

2 active · 4 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Roland MEWISSEN	Director08/03/2004 → 25/08/2028Manager08/03/2004 → 2018 accountsended
Jean-Marie LEONARD	Chairman of the board of directors07/07/2022 → 13/06/2028

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Christophe BONIVER	Director07/07/2022 → 2022 accounts
HRI0725.527.831Represented by Roland MEWISSEN	Director07/07/2022 → 25/08/2022
Daniel LEONARD	Director01/04/2019 → 07/07/2022

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates10/07/2026
Renouvellement du mandat du commissaire
PDF
Mandates15/06/2026
DEMISSIONS, NOMINATIONS
PDF
Mandates27/03/2026
DEMISSIONS, NOMINATIONS
PDF
Mandates13/02/2026
DEMISSIONS, NOMINATIONS
PDF
Mandates19/05/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates22/04/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates25/09/2024
DEMISSIONS, NOMINATIONS
PDF
Mandates30/01/2024
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

Roland MEWISSEN

Jean-Marie LEONARD

HRI

Christophe BONIVER

Daniel LEONARD

Victor-Léopold BOSQUIN

2004200520062007200820092010201120122013201420152016201720182019202020212022202320242025202620272028

CIRCUS SERVICES

Rue des Guillemins 129, 4000 Liège

DirectorManager

Chairman of the board of directors

Director

DirectorManager

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 · 2026-00177531

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
CIRCUS SERVICESCurrent	accounts 2006 → 2025	Accounts 2025 · 2026-00177531

Events

2025
Annual accounts 2025103 k €↑
2024
Annual accounts 202478,9 k €↓
2022
Annual accounts 20225,8 M €↑
2021
Annual accounts 202173,3 k €↑
2020
Annual accounts 2020-82,8 k €↓
2019
Annual accounts 2019-31,1 k €↓
2018
Annual accounts 2018692,2 k €↑
2017
Annual accounts 2017253,9 k €↓
2016
Annual accounts 2016332,9 k €↑
2015
Annual accounts 201594,4 k €↓
2014
Annual accounts 2014237,9 k €↓
2013
Annual accounts 2013271,5 k €↑
2012
Annual accounts 201261,1 k €↑
2011
Annual accounts 201152,4 k €↑
2010
Annual accounts 2010-14,4 k €↓
2009
Annual accounts 200969 k €↑
2008
Annual accounts 200812,6 k €↑
2007
Annual accounts 2007-9,5 k €↓
2006
Annual accounts 20063 k €
15/03/2004
IncorporationPrivate limited company

CIRCUS SERVICES

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