Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Negative equity NBB
More debt than assets in 3 of the last 3 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 5 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Center Parcs Ardennen from De Haan, company number BE0432515872, closed financial year 2025 with a result of € -2.9 million after tax. For that financial year Center Parcs Ardennen recorded revenue of € 21.8 million and equity of € -24.6 million. Compared with financial year 2024, the result moved from € -2.5 million to € -2.9 million. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on March 25, 2026.
€ -24.6 million
▼ € 2.9 million vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -2.9 million
▼ 15 % more loss than in 2024
Profit after tax over the fiscal year.
€ 38,190
▼ 8% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -27.4 million.
People and assets in 2025
140.4
▲ 5.3 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 8.4 million
▲ 1% vs 2024
€ 60,000 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 623,282
▲ 3% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 9.6 million
Loans from banks and other lenders, long and short.
€ 5 million
▼ 7% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 135 days on average.
€ 2.4 million
▲ 12% vs 2024
Taxes, VAT and social contributions still to pay.
| 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|
| Revenue | € 22,878,525 | € 23,087,550 | € 21,760,731 | ▼ 6% |
| Profit after taxes | € -1,885,760 | € -2,523,286 | € -2,900,616 | ▼ € 377,330 |
| Equity | € -19,177,147 | € -21,700,433 | € -24,601,050 | ▼ € 2.9 million |
| Total debts | € 29,281,004 | € 29,166,770 | € 33,022,222 | ▲ 13% |
| Cash | € 25,995 | € 41,598 | € 38,190 | ▼ 8% |
| Land & buildings | € 547,026 | € 1,806,250 | € 2,084,648 | ▲ 15% |
| Retained profit | € -22,008,819 | € -24,532,105 | € -27,432,721 | ▼ € 2.9 million |
| Bank debt | € 9,626,371 | € 9,626,371 | € 9,626,371 | |
| Balance sheet total | € 10,668,167 | € 8,688,810 | € 9,767,739 | ▲ 12% |
| Employees (FTE) | 131.3 | 135.1 | 140.4 | ▲ 5.3 |
Key figures of Center Parcs Ardennen, fiscal years 2023 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 April 2027.
What happened to Center Parcs Ardennen?
What happened at Center Parcs Ardennen in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Inge Zwaagman stepped down as director. NBB
- Olivier Garaïalde stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 2.9 million. Source: NBB ↗
- Inge Zwaagman became a director. NBB
- Erwin Dezeure stepped down as director. NBB
- Olivier Garaïalde became a director. NBB
- Erwin Dezeure became a director. NBB
- New establishment in Vielsalm. KBO
In short
From € 1.9 million loss in 2023 to € 2.9 million loss in 2025.
Paid € 557 in corporate taxes since 2023.
Pays suppliers within 135 days on average.
Management
The shares are held by CPSP België NV (100%).
Directors
According to the 2025 annual accounts
since 2018 · until 2025
since 2021 · until 2027
since 2025 · until 2031
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Wenduinesteenweg 150
8420 De Haan
Rue de la Grotte 12
6690 Vielsalm
Active since 30 September 2016
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0432.515.872
- VAT number
- BE 0432.515.872
- Registered office
- Wenduinesteenweg 150, 8420 De Haan
- Names & denominations
- Center Parcs Ardennen
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 28 October 1987
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Vakantieparken
Vakantiecentra en vakantiedorpen
Bemiddeling in verband met exploitatie van en handel in onroerend goed
Bemiddeling bij de aankoop, verkoop en verhuur van onroerend goed
Bemiddeling bij de aankoop, verkoop en verhuur van onroerend goed voor een vast bedrag of op contractbasis