ACTIVE

Games - Nazareth

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Financial year 2025 · closed on 31/12/2025

Net result

211,9 k €

-5.8% YoY

Gross margin

1 M €

-1.0% YoY

Equity

1,1 M €

+23.0% YoY

Workforce

4,0 ETP

-7.0% YoY

What does Games - Nazareth do?

Games - Nazareth is a Private limited company incorporated in 2004. Its main activity is: Gambling and betting activities. Its registered office is in Aalst. It employs on average 4,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0866.042.823

Incorporation

29/06/2004

Legal form

Private limited company

Registered office

Korte Keppestraat 23
9320 Aalst · FlandreSee on map

Contributed capital

10 233,80 €

Latest accounts

31/12/2025

Average workforce

4,0 ETP

Activities (NACE)

92000Gambling and betting activities· main 92000Gambling and betting activities 92710Gambling and betting activities 55401Accommodation 56301Beverage serving activities 56301Beverage serving activities

Joint committees (3)

14904
218
302

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 18 financial years

	2025		2024		2023		2022		2021		2020		2019		2017		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	1 M €	-1.0%	1,1 M €	+37.9%	767,8 k €	-1.2%	777,2 k €	+19.2%	651,9 k €		–		–		390,4 k €	-31.4%	569,4 k €	-46.8%	1,1 M €	+54.8%	692,2 k €	-20.7%	872,9 k €	+1.3%	861,7 k €	-1.5%	874,7 k €	+5.4%	830,2 k €	+17.1%	708,9 k €	+23.5%	574,2 k €	+146%	233,6 k €
EBITDA	410,4 k €	-5.1%	432,4 k €	+185%	151,6 k €	-38.4%	246,2 k €	-28.0%	342 k €	+812%	-48 k €	-46.5%	-32,8 k €	-137%	88,3 k €	-67.2%	269,5 k €	-65.9%	789,9 k €	+85.8%	425,2 k €	-32.1%	625,7 k €	+3.0%	607,6 k €	-12.0%	690,3 k €	+5.9%	652,1 k €	+18.6%	549,7 k €	+22.6%	448,3 k €	+204%	147,3 k €
Operating result	367 k €	+0.2%	366,1 k €	+218%	115,1 k €	-45.1%	209,6 k €	-31.9%	308 k €	+460%	-85,5 k €	-35.2%	-63,2 k €	-200%	63 k €	-72.8%	231,3 k €	-69.0%	745,8 k €	+92.8%	386,8 k €	-34.0%	586,1 k €	+7.3%	546,1 k €	-13.6%	632,1 k €	+3.7%	609,8 k €	+17.2%	520,2 k €	+28.1%	406,1 k €	+222%	126,1 k €
Net result	211,9 k €	-5.8%	225 k €	+184%	79,2 k €	-49.2%	155,8 k €	-44.0%	278,5 k €	+423%	-86,3 k €	-42.5%	-60,6 k €	-316%	28 k €	-87.8%	229,6 k €	-67.7%	710,1 k €	+93.8%	366,5 k €	-33.8%	553,4 k €	+6.2%	521,1 k €	-30.5%	750,1 k €	+39.3%	538,6 k €	+21.9%	441,8 k €	+34.8%	327,7 k €	+249%	93,9 k €
Balance sheet
Equity	1,1 M €	+23.0%	920,1 k €	+32.4%	695,1 k €	+12.9%	615,9 k €	+33.9%	460,1 k €	+153%	181,6 k €	-32.2%	267,9 k €	-73.9%	1 M €	-6.4%	1,1 M €	+0.2%	1,1 M €	+5.2%	1 M €	+7.4%	970,7 k €	+22.5%	792,3 k €	+18.2%	670,2 k €	+110%	319,1 k €	+87.1%	170,5 k €	+168%	63,7 k €	+77.1%	36 k €
Total assets	1,5 M €	+27.8%	1,2 M €	+13.0%	1 M €	+37.0%	747,5 k €	+6.5%	702,1 k €	+179%	251,6 k €	-36.4%	395,3 k €	-80.4%	2 M €	-3.5%	2,1 M €	-12.3%	2,4 M €	-4.2%	2,5 M €	-2.0%	2,5 M €	+23.5%	2,1 M €	+40.8%	1,5 M €	+28.8%	1,1 M €	+53.7%	736,8 k €	+159%	284,3 k €	-18.4%	348,5 k €
Cash	101,6 k €	+8.8%	93,4 k €	-32.3%	138 k €	+75.4%	78,7 k €	+80.0%	43,7 k €	+118%	20,1 k €	-53.2%	42,9 k €	-15.1%	50,6 k €	+20.1%	42,1 k €	-17.1%	50,8 k €	-36.7%	80,3 k €	+21.3%	66,2 k €	+8.7%	60,9 k €	+9.0%	55,9 k €	+7.0%	52,2 k €	+44.1%	36,2 k €	-51.5%	74,8 k €	+82.8%	40,9 k €
Debts	347,1 k €	+56.1%	222,4 k €	-32.1%	327,4 k €	+159%	126,3 k €	-47.0%	238,3 k €	+248%	68,5 k €	-46.0%	126,9 k €	-86.5%	937,8 k €	-4.8%	985,5 k €	-22.9%	1,3 M €	-11.4%	1,4 M €	-7.8%	1,6 M €	+25.2%	1,3 M €	+59.2%	785,8 k €	-3.3%	812,9 k €	+43.6%	566 k €	+157%	220,6 k €	-29.4%	312,4 k €
Other
Workforce	4,0 ETP	-7.0%	4,3 ETP	+4.9%	4,1 ETP	-2.4%	4,2 ETP	+2.4%	4,1 ETP	+10.8%	3,7 ETP	-15.9%	4,4 ETP	-24.1%	5,8 ETP	+3.6%	5,6 ETP	-3.4%	5,8 ETP	+13.7%	5,1 ETP	+2.0%	5,0 ETP	-18.0%	6,1 ETP	+56.4%	3,9 ETP	-2.5%	4,0 ETP	+8.1%	3,7 ETP	+12.1%	3,3 ETP	+43.5%	2,3 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 15 ended

Active mandates

PIVANTO

Director · since 02 septembre 2024 · until 20 mai 2030 · 1011.432.262

Represented by Philippe Joos

Active

ODDS & OVERLAY

Director · since 15 mai 2023 · 0633.613.304

Represented by Tom De Clercq

Active

Eamonn O'Loughlin

Director · since 10 novembre 2022 · until 01 septembre 2025

Active

Ended mandates

Eamonn O'Loughlin

Director · since 10 novembre 2022 · until 15 mai 2028

Ended

Koen Sanders

Director · since 19 décembre 2019 · until 10 novembre 2022

Ended

Koen Sanders

Director · since 19 décembre 2019 · until 19 mai 2025

Ended

ODDS & OVERLAY

Director · since 21 décembre 2017 · until 15 mai 2023 · 0633.613.304

Represented by Tom De Clercq

Ended

At this address

Other companies at this address

Company	CBE no.
BEPRAQ INVEST● Active	0474.509.944
BREYDEL GAMES● Active	0862.109.175
CAPITOLE● Active	0455.158.048
COCKY'S GAMES● Active	0860.631.510
COPACO BELGIUM● Active	0466.466.565
COPACO FINANCIAL SERVICES BELGIUM● Active	0465.577.531
C-Products● Active	0806.942.604
DE CEUSTER CONTINENTAL● Active	0439.919.150
FE BTW Copaco sales Belgium● Active	0501.979.453
FUTURE GAMES● Active	0446.656.987
GAMES - LICHTERVELDE● Active	0862.689.195
Gerardo● Active	0446.846.831
iGames support● Active	0440.931.316
IRJAM● Active	0468.317.483
JAVAS● Active	0475.967.518
LE CHÂTEAU● Active	0860.990.608
LUCKY SEVEN● Active	0453.116.197
LUNA INVEST● Active	0472.398.413
LUNATIM● Active	0440.502.239
M Aloha● Active	0752.868.171

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged 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	09/06/2026	06/06/2025	21/06/2024	13/05/2024	13/05/2024	18/06/2021
General meeting	18/05/2026	19/05/2025	21/05/2024	15/05/2023	06/06/2022	17/05/2021
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

22 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	18/05/2026	09/06/2026	Dutch	PDF
Abridged model	31/12/2024	19/05/2025	06/06/2025	Dutch	PDF
Abridged model	31/12/2023	21/05/2024	21/06/2024	Dutch	PDF
Abridged modelCorrection	31/12/2022	15/05/2023	13/05/2024	Dutch	PDF
Abridged model	31/12/2022	15/05/2023	14/06/2023	Dutch	PDF
Abridged modelCorrection	31/12/2021	06/06/2022	13/05/2024	Dutch	PDF
Abridged model	31/12/2021	06/06/2022	30/06/2022	Dutch	PDF
Full model	31/12/2020	17/05/2021	18/06/2021	Dutch	PDF
Full model	31/12/2019	08/06/2020	18/06/2020	Dutch	PDF
Abridged model	31/12/2018	20/05/2019	28/06/2019	Dutch	PDF
Abridged model	30/09/2017	14/12/2017	19/12/2017	Dutch	PDF
Abridged model	30/09/2016	30/03/2017	02/05/2017	Dutch	PDF
Abridged model	30/09/2015	31/03/2016	19/04/2016	Dutch	PDF
Abridged model	30/09/2014	26/03/2015	30/03/2015	Dutch	PDF
Abridged model	30/09/2013	27/03/2014	18/04/2014	Dutch	PDF
Abridged model	30/09/2012	28/03/2013	30/04/2013	Dutch	PDF
Abridged model	30/09/2011	29/03/2012	27/04/2012	Dutch	PDF
Abridged model	30/09/2010	30/04/2011	30/05/2011	Dutch	PDF
Abridged model	30/09/2009	25/03/2010	28/04/2010	Dutch	PDF
Abridged model	30/09/2008	26/03/2009	30/04/2009	Dutch	PDF
Abridged model	30/09/2007	31/03/2008	30/04/2008	Dutch	PDF
Abridged model	30/09/2006	29/03/2007	30/04/2007	Dutch	PDF

Estimate

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.

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 15 ended

Active mandates

PIVANTO

Director · since 02 septembre 2024 · until 20 mai 2030 · 1011.432.262

Represented by Philippe Joos

Active

ODDS & OVERLAY

Director · since 15 mai 2023 · 0633.613.304

Represented by Tom De Clercq

Active

Eamonn O'Loughlin

Director · since 10 novembre 2022 · until 01 septembre 2025

Active

Ended mandates

Eamonn O'Loughlin

Director · since 10 novembre 2022 · until 15 mai 2028

Ended

Koen Sanders

Director · since 19 décembre 2019 · until 10 novembre 2022

Ended

Koen Sanders

Director · since 19 décembre 2019 · until 19 mai 2025

Ended

ODDS & OVERLAY

Director · since 21 décembre 2017 · until 15 mai 2023 · 0633.613.304

Represented by Tom De Clercq

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates12/11/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates11/06/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates11/06/2025
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates12/11/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates14/12/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates26/08/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates22/10/2020
WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Mandates13/02/2020
ONTSLAGEN - BENOEMINGEN
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 2025211,9 k €↓
2024
Annual accounts 2024225 k €↑
2023
Annual accounts 202379,2 k €↓
2022
Annual accounts 2022155,8 k €↓
2021
Annual accounts 2021278,5 k €↑
2020
Annual accounts 2020-86,3 k €↓
2019
Annual accounts 2019-60,6 k €↓
2017
Annual accounts 201728 k €↓
2015
Annual accounts 2015229,6 k €↓
2014
Annual accounts 2014710,1 k €↑
2013
Annual accounts 2013366,5 k €↓
2012
Annual accounts 2012553,4 k €↑
2011
Annual accounts 2011521,1 k €↓
2010
Annual accounts 2010750,1 k €↑
2009
Annual accounts 2009538,6 k €↑
2008
Annual accounts 2008441,8 k €↑
2007
Annual accounts 2007327,7 k €↑
2006
Annual accounts 200693,9 k €
29/06/2004
IncorporationPrivate 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

Games - Nazareth

Overview

What does Games - Nazareth do?

Trend over 18 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