Financials
Financial year 2025
CASINO DE SPA from Spa, company number BE0440077617, closed financial year 2025 with a result of € 3.5 million after tax. For that financial year CASINO DE SPA recorded revenue of € 96.6 million and equity of € 17.5 million. Compared with financial year 2024, the result moved from € -1.4 million to € 3.5 million. Profitable, and profit is growing. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on June 15, 2026.
€ 17.5 million
▼ 27% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 3.5 million
▲ still € 1.4 million loss in 2024
Profit after tax over the fiscal year.
€ 8.4 million
▲ 3% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 10 million paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
37
▲ 0.9 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 2.2 million
▲ 12% vs 2024
€ 60,100 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.
€ 68,026
▲ 42% 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.
€ 4.8 million
▼ 40% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 23 days on average.
€ 2.5 million
▲ 81% vs 2024
Taxes, VAT and social contributions still to pay.
| 2021 | 2022 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 73,388,774 | € 89,777,950 | € 97,494,212 | € 96,614,830 | ▼ 1% |
| Profit after taxes | € 13,054,512 | € 14,458,855 | € -1,433,760 | € 3,517,399 | ▲ € 5 million |
| Equity | € 46,070,467 | € 60,529,322 | € 23,936,413 | € 17,453,812 | ▼ 27% |
| Total debts | € 8,176,743 | € 14,200,262 | € 12,280,409 | € 10,620,558 | ▼ 14% |
| Cash | € 1,339,641 | € 8,037,838 | € 8,148,661 | € 8,384,025 | ▲ 3% |
| Retained profit | € 43,070,467 | € 57,529,322 | € 20,936,413 | € 14,453,812 | ▼ 31% |
| Dividend | € 0 | € 0 | € 40,000,000 | € 10,000,000 | ▼ 75% |
| Balance sheet total | € 54,296,809 | € 74,794,334 | € 39,393,789 | € 28,179,370 | ▼ 28% |
| Employees (FTE) | 33.9 | 37.5 | 36.1 | 37 | ▲ 0.9 |
Key figures of CASINO DE SPA, fiscal years 2021 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to CASINO DE SPA?
What happened at CASINO DE SPA in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- EMMANUEL MEWISSEN stepped down as director. NBB
- Nicolas LEONARD stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 3.5 million. Source: NBB ↗
- Nicolas LEONARD became a director. NBB
- Ardent Casino Belgium SA stepped down as director. NBB
- Ardent Casino Belgium SA became a director. NBB
- EMMANUEL MEWISSEN became a director. NBB
- New establishment in Spa. KBO
In short
From € 13.1 million profit in 2021 to € 3.5 million profit in 2025.
Paid € 18.7 million in corporate taxes since 2021.
Best year ever: 2022, with € 14.5 million profit.
Paid out € 50 million in dividends to the owners in total.
Management
The stake of HQ1, ARDENT CASINO BELGIUM comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
CASINO DE SPAThe shares are held by HQ1 (100%) and ARDENT CASINO BELGIUM (100%). It owns 89.7% of CASINO DAVOS AG itself.
Directors
According to the 2025 annual accounts
EMMANUEL MEWISSEN
Chairman of the board
Also active at: EURO 78, GAMES SERVICES, ODDS SPORTSBAR, SLOTS, PRES CARATS SPORTS, WINVEST, PARC D'ATTRACTION LIEGEOIS, CIRCUS BELGIUM +17 more
since 2019 · until 2031
Nicolas LEONARD
Managing director
Also active at: EURO 78, GAMES SERVICES, ODDS SPORTSBAR, PRES CARATS SPORTS, WINVEST, PARC D'ATTRACTION LIEGEOIS, CIRCUS BELGIUM, ARDENT BETTING +11 more
since 2025 · until 2031
Managing director · represented by Nicolas LEONARD
Also active at: FABY, BOWLING GOSSELIES, LEDCOM, GUILLEMINS REAL ESTATE, BELGRET, ERS INVEST, GAMBLING MANAGEMENT
since 2024 · until 2025
Shareholders
100%
Participations
CASINO DAVOS AG
89.7%
Establishments
Establishment units
Physical locations of this company
Rue Royale 4
4900 Spa
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0440.077.617
- VAT number
- BE 0440.077.617
- Registered office
- Rue Royale 4, 4900 Spa
- Names & denominations
- CASINO DE SPA
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 28 March 1990
- Peppol
- Active · Active since 27 Oct 2025
- Contact
- [email protected] 00 32 4 228 32 00
- Activities · NACE
Activiteiten van loterijen en kansspelen
Loterijen en kansspelen
Exploitatie van schouwburgen, concertzalen en dergelijke
Activiteiten van eetgelegenheden met volledige bediening
Beoefening van uitvoerende kunsten door artistieke ensembles
Cafés en bars
Restaurants van het traditionele type
Productie van kunstmanifestaties en voorstellingen door artistieke ensembles
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