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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Shrinking team NBB
FTE fell two years in a row, from 752.2 to 644.8.
Financials
Financial year 2025
CPSP België from Mol, company number BE0434692830, closed financial year 2025 with a result of € 2.5 million after tax. For that financial year CPSP België recorded revenue of € 114 million and equity of € -6 million. Compared with financial year 2024, the result moved from € 2.2 million to € 2.5 million. Profitable, and profit is growing. 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.
€ -6 million
▲ € 2.5 million vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 2.5 million
▲ 12% vs 2024
Profit after tax over the fiscal year.
€ 2.9 million
▼ 56% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € -10.9 million.
People and assets in 2025
644.8
▼ 54.3 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 42.4 million
▲ 3% vs 2024
€ 65,700 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.
€ 1.3 million
▼ 16% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 34.5 million
▲ 29% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 174 days on average.
€ 12.7 million
▼ 4% vs 2024
Taxes, VAT and social contributions still to pay.
| 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|
| Revenue | € 105,552,321 | € 113,866,555 | € 113,988,362 | |
| Profit after taxes | € 3,053,295 | € 2,225,748 | € 2,487,779 | ▲ 12% |
| Equity | € -10,708,574 | € -8,482,826 | € -5,995,046 | ▲ € 2.5 million |
| Total debts | € 64,572,913 | € 62,394,145 | € 71,197,173 | ▲ 14% |
| Cash | € 7,633,670 | € 6,648,656 | € 2,948,345 | ▼ 56% |
| Land & buildings | € 7,902,235 | € 9,782,734 | € 10,152,281 | ▲ 4% |
| Retained profit | € -15,567,834 | € -13,342,086 | € -10,854,307 | ▲ € 2.5 million |
| Balance sheet total | € 54,215,320 | € 54,278,834 | € 65,627,827 | ▲ 21% |
| Employees (FTE) | 752.2 | 699.1 | 644.8 | ▼ 54.3 |
Key figures of CPSP België, 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 CPSP België?
What happened at CPSP België 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: profit of € 2.5 million (▲ 12% vs 2024). 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 Lommel. KBO
In short
From € 3.1 million profit in 2023 to € 2.5 million profit in 2025.
Paid € 1.4 million in corporate taxes since 2023.
Best year ever: 2023, with € 3.1 million profit.
Pays suppliers within 174 days on average.
Management
The shares are held by CP Holding SAS (100%). It owns 100% of Center Parcs Ardennen and 19.6% of Foncière Loisirs Vielsalm itself.
Directors
According to the 2025 annual accounts
since 2018 · until 2025
Olivier Garaïalde
Director
since 2021 · until 2027
Inge Zwaagman
Director
since 2025 · until 2031
Shareholders
CP Holding SAS
100%
Participations
Establishments
Establishment units
Physical locations of this company
Postelsesteenweg 100
2400 Mol
Elzen 145
3920 Lommel
Active since 14 December 2004
Erperheidestraat 2 box 3
3990 Peer
Active since 1 October 2004
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0434.692.830
- VAT number
- BE 0434.692.830
- Registered office
- Postelsesteenweg 100, 2400 Mol
- Names & denominations
- CPSP België
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 21 June 1988
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Vakantieparken
Vakantiecentra en vakantiedorpen
Overige niet-gespecialiseerde detailhandel
Activiteiten van eetgelegenheden met volledige bediening
Overige recreatie- en ontspanningsactiviteiten, neg
Cafés en bars
Cafés
Overige niet-gespecialiseerde detailhandel in winkels (verkoop van overwegend niet-voedingsmiddelen met verkoopsoppervlakte van mind er dan 2.500 m2)
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