ACTIVE

Ostend Games

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Financial year 2025 · closed on 31/12/2025

Net result

100 k €

-25.6% YoY

Gross margin

807,3 k €

-2.7% YoY

Equity

1,8 M €

+5.8% YoY

Workforce

3,2 ETP

-23.8% YoY

What does Ostend Games do?

Ostend Games is a Public limited company incorporated in 2004. Its registered office is in Aalst. It employs on average 3,2 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0866.949.277

Incorporation

26/08/2004

Legal form

Public limited company

Registered office

Korte Keppestraat 23
9320 Aalst · FlandreSee on map

Contributed capital

841 803,51 €

Latest accounts

31/12/2025

Average workforce

3,2 ETP

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	807,3 k €	-2.7%	829,4 k €	-10.8%	930 k €	+28.0%	726,8 k €	+64.2%	442,5 k €		–		–		–		–		–		344,3 k €	-3.6%	357,3 k €	+3.5%	345,2 k €	-4.3%	360,8 k €	+28.5%	280,8 k €	+68.2%	166,9 k €	-37.4%	266,7 k €	-22.3%	343,3 k €	+42.3%	241,3 k €
EBITDA	226,8 k €	-19.6%	282,1 k €	+6.6%	264,7 k €	+45.3%	182,2 k €	+42.0%	128,3 k €	-22.1%	164,6 k €	-55.0%	366 k €	+601%	-73,1 k €	+28.1%	-101,6 k €	-189%	113,6 k €	+329%	26,5 k €	-42.7%	46,2 k €	+24.4%	37,1 k €	-46.1%	68,9 k €	+95.4%	35,3 k €	+156%	-62,6 k €	-256%	40,2 k €	-71.4%	140,8 k €	+201%	46,8 k €
Operating result	209,6 k €	-2.2%	214,4 k €	-2.4%	219,6 k €	+52.3%	144,2 k €	+32.7%	108,7 k €	-16.1%	129,5 k €	-61.5%	336 k €	+489%	-86,3 k €	+23.2%	-112,4 k €	-218%	95,4 k €	+1251%	-8,3 k €	-171%	11,6 k €	+123%	5,2 k €	-83.5%	31,5 k €	+1750%	-1,9 k €	+98.0%	-96,3 k €	-1622%	6,3 k €	-94.6%	116,2 k €	+364%	25 k €
Net result	100 k €	-25.6%	134,4 k €	-17.7%	163,2 k €	+47.6%	110,6 k €	+27.6%	86,7 k €	-16.3%	103,5 k €	-54.1%	225,6 k €	+339%	-94,3 k €	+16.4%	-112,8 k €	-219%	94,9 k €	+871%	-12,3 k €	-279%	6,9 k €	+0.9%	6,8 k €	-76.9%	29,5 k €	+125%	-118,2 k €	-26.8%	-93,2 k €	-2776%	-3,2 k €	-105%	66 k €	+542%	10,3 k €
Balance sheet
Equity	1,8 M €	+5.8%	1,7 M €	+8.4%	1,6 M €	+11.4%	1,4 M €	+8.4%	1,3 M €	+7.0%	1,2 M €	+9.2%	1,1 M €	+796%	-162,3 k €	-139%	-68 k €	-252%	44,8 k €	+189%	-50,1 k €	-32.5%	-37,8 k €	+15.4%	-44,7 k €	+13.2%	-51,5 k €	+36.4%	-81,1 k €	-318%	37,1 k €	-71.5%	130,3 k €	-2.4%	133,6 k €	+97.7%	67,5 k €
Total assets	2 M €	-0.2%	2 M €	+4.1%	1,9 M €	+20.7%	1,6 M €	-0.7%	1,6 M €	+16.2%	1,4 M €	-2.3%	1,4 M €	+305%	347,1 k €	+20.3%	288,6 k €	-4.7%	302,9 k €	+1.6%	298,1 k €	+0.4%	297 k €	-12.5%	339,4 k €	-4.4%	355,1 k €	+5.1%	337,9 k €	+6.0%	318,8 k €	-6.9%	342,4 k €	-7.5%	370,2 k €	+26.8%	291,9 k €
Cash	57,5 k €	-29.0%	81 k €	-9.1%	89,1 k €	-12.1%	101,4 k €	+104%	49,7 k €	+65.0%	30,1 k €	-63.7%	83 k €	-49.8%	165,3 k €	+15.3%	143,3 k €	+19.5%	119,9 k €	-30.0%	171,4 k €	+57.9%	108,6 k €	-7.4%	117,3 k €	-26.8%	160,2 k €	-0.7%	161,3 k €	+44.8%	111,3 k €	+25.3%	88,9 k €	-39.8%	147,7 k €	+154%	58,1 k €
Debts	161,3 k €	-31.3%	234,7 k €	-27.0%	321,5 k €	+119%	146,9 k €	-45.9%	271,3 k €	+104%	133,3 k €	-51.1%	272,7 k €	-44.6%	492,4 k €	+47.4%	334 k €	+71.8%	194,5 k €	-33.3%	291,4 k €	+9.2%	266,9 k €	-23.7%	349,8 k €	-10.1%	389,2 k €	+1.1%	385,1 k €	+40.9%	273,2 k €	+30.9%	208,7 k €	-10.9%	234,1 k €	+5.4%	222,2 k €
Other
Workforce	3,2 ETP	-23.8%	4,2 ETP	-4.5%	4,4 ETP	-8.3%	4,8 ETP	+2.1%	4,7 ETP	+9.3%	4,3 ETP	-6.5%	4,6 ETP	-14.8%	5,4 ETP	+12.5%	4,8 ETP	+4.3%	4,6 ETP	0.0%	4,6 ETP	0.0%	4,6 ETP	-14.8%	5,4 ETP	+22.7%	4,4 ETP	+12.8%	3,9 ETP	-13.3%	4,5 ETP	-30.8%	6,5 ETP	+54.8%	4,2 ETP	+23.5%	3,4 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 · 26 ended

Active mandates

ODDS & OVERLAY

Managing director · since 14 septembre 2025 · until 14 septembre 2031 · 0633.613.304

Represented by Tom De Clercq

Active

PIVANTO

Director · since 02 septembre 2024 · until 08 mai 2030 · 1011.432.262

Represented by Philippe Joos

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 10 mai 2028

Ended

ODDS & OVERLAY

Managing director · since 01 juin 2022 · until 10 mai 2028 · 0633.613.304

Represented by Tom De Clercq

Ended

Koen Sanders

Director · since 19 décembre 2019 · until 10 novembre 2022

Ended

Koen Sanders

Director · since 19 décembre 2019 · until 14 mai 2025

Ended

At this address

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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	08/06/2026	06/06/2025	07/06/2024	09/06/2023	29/06/2022	18/06/2021
General meeting	13/05/2026	14/05/2025	08/05/2024	10/05/2023	01/06/2022	12/05/2021
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

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	13/05/2026	08/06/2026	Dutch	PDF
Abridged model	31/12/2024	14/05/2025	06/06/2025	Dutch	PDF
Abridged model	31/12/2023	08/05/2024	07/06/2024	Dutch	PDF
Abridged model	31/12/2022	10/05/2023	09/06/2023	Dutch	PDF
Abridged model	31/12/2021	01/06/2022	29/06/2022	Dutch	PDF
Full model	31/12/2020	12/05/2021	18/06/2021	Dutch	PDF
Full model	31/12/2019	08/06/2020	18/06/2020	Dutch	PDF
Full model	31/12/2018	08/05/2019	28/06/2019	Dutch	PDF
Full model	31/12/2017	09/05/2018	14/06/2018	Dutch	PDF
Full model	31/12/2016	30/06/2017	28/07/2017	Dutch	PDF
Full model	31/12/2015	30/06/2016	15/09/2016	Dutch	PDF
Abridged model	31/12/2014	21/05/2015	24/06/2015	Dutch	PDF
Abridged model	31/12/2013	10/06/2014	25/06/2014	Dutch	PDF
Abridged model	31/12/2012	13/06/2013	27/06/2013	Dutch	PDF
Abridged model	31/12/2011	18/06/2012	28/06/2012	Dutch	PDF
Abridged model	31/12/2010	19/05/2011	19/05/2011	Dutch	PDF
Abridged model	31/12/2009	20/05/2010	07/07/2010	Dutch	PDF
Abridged model	31/12/2008	22/05/2009	25/05/2009	Dutch	PDF
Abridged model	31/12/2007	22/05/2008	26/05/2008	Dutch	PDF
Abridged model	31/12/2006	18/05/2007	21/05/2007	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 · 26 ended

Active mandates

ODDS & OVERLAY

Managing director · since 14 septembre 2025 · until 14 septembre 2031 · 0633.613.304

Represented by Tom De Clercq

Active

PIVANTO

Director · since 02 septembre 2024 · until 08 mai 2030 · 1011.432.262

Represented by Philippe Joos

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 10 mai 2028

Ended

ODDS & OVERLAY

Managing director · since 01 juin 2022 · until 10 mai 2028 · 0633.613.304

Represented by Tom De Clercq

Ended

Koen Sanders

Director · since 19 décembre 2019 · until 10 novembre 2022

Ended

Koen Sanders

Director · since 19 décembre 2019 · until 14 mai 2025

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates12/11/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates11/06/2025
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Mandates11/06/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates12/11/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates18/04/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates14/12/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates26/08/2021
ONTSLAGEN - BENOEMINGEN
PDF
Other22/10/2020
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
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 2025100 k €↓
2024
Annual accounts 2024134,4 k €↓
2023
Annual accounts 2023163,2 k €↑
2022
Annual accounts 2022110,6 k €↑
2021
Annual accounts 202186,7 k €↓
2020
Annual accounts 2020103,5 k €↓
2019
Annual accounts 2019225,6 k €↑
2017
Annual accounts 2017-94,3 k €↑
2016
Annual accounts 2016-112,8 k €↓
2015
Annual accounts 201594,9 k €↑
2014
Annual accounts 2014-12,3 k €↓
2013
Annual accounts 20136,9 k €↑
2012
Annual accounts 20126,8 k €↓
2011
Annual accounts 201129,5 k €↑
2010
Annual accounts 2010-118,2 k €↓
2009
Annual accounts 2009-93,2 k €↓
2008
Annual accounts 2008-3,2 k €↓
2007
Annual accounts 200766 k €↑
2006
Annual accounts 200610,3 k €
26/08/2004
IncorporationPublic 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

Ostend Games

Overview

What does Ostend Games do?

Trend over 19 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