ACTIVE

BELGAFUN

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Financial year 2025 · closed on 30/09/2025

Net result

22,7 k €

-61.2% YoY

Gross margin

40,9 k €

-49.8% YoY

Equity

122,1 k €

+22.8% YoY

What does BELGAFUN do?

BELGAFUN is a Private limited company incorporated in 2005. Its main activity is: Gambling and betting activities. Its registered office is in Blankenberge.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0871.224.405

Incorporation

14/01/2005

Legal form

Private limited company

Registered office

J. de Troozlaan 12 box 5
8370 Blankenberge · FlandreSee on map

Contributed capital

18 600,00 €

Latest accounts

30/09/2025

Activities (NACE)

92331Gambling and betting activities· main 93211Activities of amusement parks and theme parks 93291Other amusement and recreation activities

Signals

ProfitableSolid equityLow riskPositive cashflowPositive EBITDA

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	40,9 k €	-49.8%	81,5 k €	+344%	18,3 k €	-45.8%	33,8 k €	+159%	13 k €	+25.8%	10,4 k €	+189%	-11,6 k €	-47.3%	-7,9 k €	-163%	12,6 k €	+30.6%	9,7 k €	+368%	2,1 k €	-90.1%	20,9 k €	+9.7%	19 k €	-23.6%	24,9 k €	+1.9%	24,4 k €	+39.1%	17,6 k €	+365%	3,8 k €	-73.5%	14,2 k €	+21.4%	11,7 k €
EBITDA	39,3 k €	-50.5%	79,3 k €	+606%	11,2 k €	-65.3%	32,4 k €	+208%	10,5 k €	+22.7%	8,6 k €	+170%	-12,2 k €	-45.5%	-8,4 k €	-172%	11,6 k €	+35.5%	8,5 k €	+401%	1,7 k €	-91.6%	20,3 k €	+10.4%	18,4 k €	-24.9%	24,5 k €	+0.9%	24,3 k €	+40.0%	17,4 k €	+384%	3,6 k €	-74.1%	13,9 k €	+22.3%	11,3 k €
Operating result	31,9 k €	-55.2%	71,3 k €	+2317%	2,9 k €	-89.6%	28,5 k €	+448%	5,2 k €	+59.7%	3,3 k €	+121%	-15,5 k €	-32.7%	-11,6 k €	-894%	1,5 k €	+185%	-1,7 k €	+79.8%	-8,6 k €	-327%	3,8 k €	+104%	1,9 k €	-58.8%	4,5 k €	+100%	2,2 k €	+40.6%	1,6 k €	+195%	-1,7 k €	-157%	2,9 k €	+73.5%	1,7 k €
Net result	22,7 k €	-61.2%	58,4 k €	+5431%	1,1 k €	-95.5%	23,7 k €	+520%	3,8 k €	+414%	742,6 €	+104%	-17,6 k €	-39.2%	-12,7 k €	-641%	2,3 k €	+235%	-1,7 k €	+82.3%	-9,8 k €	+17.1%	-11,8 k €	-128%	42,9 k €	+1249%	3,2 k €	+9503%	33,1 €	+112%	-272,4 €	-104%	7,3 k €	+898%	734,3 €	+52.7%	480,9 €
Balance sheet
Equity	122,1 k €	+22.8%	99,5 k €	+77.4%	56,1 k €	+1.9%	55 k €	+110%	26,2 k €	+17.0%	22,4 k €	+136%	9,5 k €	-65.0%	27,1 k €	-31.8%	39,8 k €	+6.2%	37,4 k €	-4.4%	39,2 k €	-20.0%	49 k €	-19.4%	60,8 k €	+240%	17,9 k €	+21.6%	14,7 k €	+0.2%	14,7 k €	-1.8%	14,9 k €	+96.3%	7,6 k €	+10.7%	6,9 k €
Total assets	223,6 k €	-28.3%	311,8 k €	+58.1%	197,2 k €	+99.0%	99 k €	+81.8%	54,5 k €	+27.7%	42,7 k €	+64.9%	25,9 k €	-37.1%	41,1 k €	-7.5%	44,4 k €	-15.7%	52,7 k €	+15.9%	45,5 k €	-50.8%	92,5 k €	-25.1%	123,5 k €	+34.3%	91,9 k €	-12.9%	105,6 k €	+17.8%	89,6 k €	+17.4%	76,4 k €	+6.3%	71,8 k €	-17.5%	87,1 k €
Cash	9 k €	-26.6%	12,3 k €	+31.3%	9,4 k €	+57.6%	6 k €	+499%	993 €		–		–		–		355,2 €	-83.7%	2,2 k €	-88.2%	18,5 k €	+1.9%	18,1 k €	-3.8%	18,8 k €	+37.1%	13,7 k €	-22.3%	17,7 k €	+36.2%	13 k €	-57.8%	30,8 k €	+337%	7 k €	-54.7%	15,5 k €
Debts	101,5 k €	-52.2%	212,3 k €	+50.5%	141,1 k €	+220%	44 k €	+56.0%	28,2 k €	+39.6%	20,2 k €	+33.0%	15,2 k €	+11.7%	13,6 k €	+192%	4,7 k €	-69.5%	15,3 k €	+142%	6,3 k €	-85.5%	43,5 k €	-30.6%	62,7 k €	-15.3%	74,1 k €	-18.5%	90,9 k €	+21.2%	75 k €	+22.1%	61,4 k €	-4.4%	64,2 k €	-19.9%	80,2 k €

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 30/09/2025 · 2 active · 3 ended

Active mandates

Kateleen RAGUET

Director · since 07 juin 2023

Active

John LAMPAERT

Manager · since 01 janvier 2015

Active

Ended mandates

John Lampaert

Director · since 01 janvier 2015

Ended

John Lampaert

Manager

Ended

MARC NEUJENS

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
DE RIJCK GAMES● Active	0478.906.420
Vereniging van Mede-Eigenaars, Blankenberge, Jules de Troozlaan 12, Residentie Cindy● Active	0781.732.896

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/10/2024	01/10/2023	01/10/2022	01/10/2021	01/10/2020	01/10/2019
Closing of the financial year	30/09/2025	30/09/2024	30/09/2023	30/09/2022	30/09/2021	30/09/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	23/03/2026	26/03/2025	28/03/2024	28/03/2023	29/03/2022	20/04/2021
General meeting	23/03/2026	24/03/2025	25/03/2024	27/03/2023	28/03/2022	10/04/2021
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
Micro model	30/09/2025	23/03/2026	23/03/2026	Dutch	PDF
Micro model	30/09/2024	24/03/2025	26/03/2025	Dutch	PDF
Micro model	30/09/2023	25/03/2024	28/03/2024	Dutch	PDF
Micro model	30/09/2022	27/03/2023	28/03/2023	Dutch	PDF
Micro model	30/09/2021	28/03/2022	29/03/2022	Dutch	PDF
Micro model	30/09/2020	10/04/2021	20/04/2021	Dutch	PDF
Micro model	30/09/2019	22/04/2020	09/06/2020	Dutch	PDF
Micro model	30/09/2018	25/03/2019	02/04/2019	Dutch	PDF
Micro model	30/09/2017	26/03/2018	25/04/2018	Dutch	PDF
Abridged model	30/09/2016	27/03/2017	04/04/2017	Dutch	PDF
Abridged model	30/09/2015	15/04/2016	20/05/2016	Dutch	PDF
Abridged model	30/09/2014	23/03/2015	31/03/2015	Dutch	PDF
Abridged model	30/09/2013	24/03/2014	07/04/2014	Dutch	PDF
Abridged model	30/09/2012	25/03/2013	30/04/2013	Dutch	PDF
Abridged model	30/09/2011	26/03/2012	29/04/2012	Dutch	PDF
Abridged model	30/09/2010	28/03/2011	30/04/2011	Dutch	PDF
Abridged model	30/09/2009	22/03/2010	24/03/2010	Dutch	PDF
Abridged model	30/09/2008	23/03/2009	24/04/2009	Dutch	PDF
Abridged model	30/09/2007	26/03/2008	31/03/2008	Dutch	PDF
Abridged model	30/09/2006	26/03/2007	10/09/2007	Dutch	PDF

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 30/09/2025 · 2 active · 3 ended

Active mandates

Kateleen RAGUET

Director · since 07 juin 2023

Active

John LAMPAERT

Manager · since 01 janvier 2015

Active

Ended mandates

John Lampaert

Director · since 01 janvier 2015

Ended

John Lampaert

Manager

Ended

MARC NEUJENS

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Registered office15/10/2024
MAATSCHAPPELIJKE ZETEL
PDF
Mandates07/06/2023
WIJZIGING RECHTSVORM - ONTSLAGEN - BENOEMINGEN
PDF
Registered office02/04/2019
MAATSCHAPPELIJKE ZETEL
PDF
Mandates06/02/2015
MAATSCHAPPELIJKE ZETEL - ONTSLAGEN - BENOEMINGEN
PDF
Other25/01/2005
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

2025
Annual accounts 202522,7 k €↓
2024
Annual accounts 202458,4 k €↑
2023
Annual accounts 20231,1 k €↓
2022
Annual accounts 202223,7 k €↑
2020
Annual accounts 20203,8 k €↑
2019
Annual accounts 2019742,6 €↑
2018
Annual accounts 2018-17,6 k €↓
2017
Annual accounts 2017-12,7 k €↓
2016
Annual accounts 20162,3 k €↑
2015
Annual accounts 2015-1,7 k €↑
2014
Annual accounts 2014-9,8 k €↑
2013
Annual accounts 2013-11,8 k €↓
2012
Annual accounts 201242,9 k €↑
2011
Annual accounts 20113,2 k €↑
2010
Annual accounts 201033,1 €↑
2009
Annual accounts 2009-272,4 €↓
2008
Annual accounts 20087,3 k €↑
2007
Annual accounts 2007734,3 €↑
2006
Annual accounts 2006480,9 €
14/01/2005
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

BELGAFUN

Overview

What does BELGAFUN 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