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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Tight liquidity NBB
Cash and receivables cover 32 % of short-term debt in 2024; threshold 65 %.
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Board fully replaced NBB
No director from three years ago is still active according to annual account 2024.
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Busy address KBO
33 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2024
Fun2play from Brussel, company number BE0446241273, closed financial year 2024 with a result of € 69,672 after tax. For that financial year Fun2play recorded a gross margin of € 176,073 and equity of € 439,824. Compared with financial year 2023, the result moved from € 157,675 to € 69,672. The company is profitable. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on June 30, 2025.
€ 439,824
▲ 19% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 69,672
▼ 56% vs 2023
Profit after tax over the fiscal year.
€ 39,767
▲ 274% vs 2023
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2024. Retained profit grew to € -1.3 million.
People and assets in 2024
€ 3,258
▲ 213% vs 2023
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 22,084
▼ 13% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
€ 235,000
▼ 43% vs 2023
Loans from banks and other lenders, long and short.
€ 15,511
▲ 121% vs 2023
Supplier invoices still open on the last day of the fiscal year.
| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € -81,634 | € 223,317 | € 272,973 | € 176,073 | ▼ 35% |
| Profit after taxes | € -183,329 | € 95,850 | € 157,675 | € 69,672 | ▼ 56% |
| Equity | € -283,374 | € 212,477 | € 370,152 | € 439,824 | ▲ 19% |
| Total debts | € 965,008 | € 638,624 | € 417,015 | € 250,511 | ▼ 40% |
| Cash | € 2,148 | € 43,497 | € 10,634 | € 39,767 | ▲ 274% |
| Retained profit | € -1,669,285 | € -1,573,435 | € -1,415,759 | € -1,346,088 | ▲ € 69,672 |
| Bank debt | € 790,000 | € 630,000 | € 410,000 | € 235,000 | ▼ 43% |
| Balance sheet total | € 681,634 | € 851,101 | € 787,167 | € 690,335 | ▼ 12% |
| Employees (FTE) | 3.9 | - | - | - |
Key figures of Fun2play, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to Fun2play?
What happened at Fun2play in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: profit of € 69,672 (▼ 56% vs 2023). Source: NBB ↗
- GPFI became a director. NBB
- MASSIMO MENEGALLI stepped down as director. NBB
- V.O.F. LEONARDO SNC stepped down as director. NBB
- MASSIMO MENEGALLI became a director. NBB
- V.O.F. LEONARDO SNC became a director. NBB
- New establishment in Ronse. KBO
- Start of the company according to the CBE. KBO
In short
From € 183,329 loss in 2021 to € 69,672 profit in 2024.
Best year ever: 2023, with € 157,675 profit.
Management
The stake of GPFI comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
Fun2playBehind Fun2play is GPFI. The shares are held by GPFI (100%).
Directors
According to the 2024 annual accounts
Director · represented by Massimo Menegalli
Also active at: Les Copères, DEVOMAS, MARBEL, LAGAUT, PAVABER, DEBA SQUARE, H B W FREETIME, STARGAMES +2 more
since 2024
MASSIMO MENEGALLI
Managing director
Also active at: Automatic Equipment, European Holding Company, J.M.P., Les Copères, Y.C.L., IMMO LAEKEN, LA CASTELLANA, DEVOMAS +22 more
since 2019 · until 2024
Director · represented by IGNACE VAN WEYENBERGH
Also active at: Automatic Equipment, DE PIJL, DEBA SQUARE, LERUS CENTERS, FORTUNA 2000, GOLDEN PALACE ANTWERPEN, SPIELOTHEK BELGIE
since 2019 · until 2024
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Oorlogskruisenlaan 120
1120 Brussel
César Snoecklaan 55
9600 Ronse
Active since 21 January 1992
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 33 companies are registered at this address.
All companies at this address →General Automatic Amusement
€ 2.7 million gross margin · 2024
BELGIAN GAMING ASSOCIATION B.G.A.
Les Copères same network
€ 2.3 million gross margin · 2024
L'AUTOMATIQUE ELECTRONIQUE
€ -10,651 gross margin · 2024
Y.C.L. same network
€ 90,585 gross margin · 2025
+28 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0446.241.273
- VAT number
- BE 0446.241.273
- Registered office
- Oorlogskruisenlaan 120, 1120 Brussel
- Names & denominations
- Fun2play
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 26 December 1991
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Activiteiten van loterijen en kansspelen
Loterijen en kansspelen