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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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 39 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Merlin Entertainments Belgium from Blankenberge, company number BE0452786694, closed financial year 2025 with a result of € -802,052 after tax. For that financial year Merlin Entertainments Belgium recorded revenue of € 7.5 million and equity of € 2.4 million. Compared with financial year 2024, the result moved from € -391,442 to € -802,052. The company made a loss. The company holds a healthy buffer. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on August 10, 2026.
€ 2.4 million
▼ 25% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -802,052
▼ 105 % more loss than in 2024
Profit after tax over the fiscal year.
€ 420,723
▼ 48% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 2.4 million.
People and assets in 2025
51.7
▲ 2.6 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 3 million
▲ 13% vs 2024
€ 58,500 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.
€ 367,406
▲ 6% 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.
€ 718,685
▼ 43% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 73 days on average.
€ 488,086
▲ 71% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 5,290,288 | € 7,336,881 | € 7,485,478 | € 7,528,540 | ▲ 1% |
| Profit after taxes | € -618,924 | € -1,164,349 | € -391,442 | € -802,052 | ▼ € 410,610 |
| Equity | € 4,770,219 | € 3,610,582 | € 3,219,140 | € 2,417,088 | ▼ 25% |
| Total debts | € 13,772,260 | € 10,160,104 | € 9,647,093 | € 8,927,761 | ▼ 7% |
| Cash | € 771,052 | € 782,497 | € 814,380 | € 420,723 | ▼ 48% |
| Land & buildings | € 10,990,373 | € 10,481,992 | € 9,438,389 | € 8,348,918 | ▼ 12% |
| Retained profit | € 4,708,219 | € 3,548,582 | € 3,157,140 | € 2,355,088 | ▼ 25% |
| Bank debt | € 3,260,000 | € 0 | € 0 | € 0 | |
| Balance sheet total | € 18,542,480 | € 13,788,479 | € 12,866,233 | € 11,344,849 | ▼ 12% |
| Employees (FTE) | 39 | 51.3 | 49.1 | 51.7 | ▲ 2.6 |
By revenue, Merlin Entertainments Belgium ranks 3rd of 4 companies with main activity “Activiteiten van pret- en themaparken” in West Flanders that publish figures (fiscal year 2025).
Key figures of Merlin Entertainments Belgium, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
Ask about Merlin Entertainments Belgium the way you would ask their accountant.
Answers from the filed annual accounts, the Belgian Official Gazette and the CBE register.
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What happened to Merlin Entertainments Belgium?
What happened at Merlin Entertainments Belgium in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Barbara Hoppel stepped down as director. NBB
- Matthew JOWETT stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 802,052. filed late Source: NBB ↗
- Laurent Tareau stepped down as director. NBB
- Barbara Hoppel became a director. NBB
- Erik van Kleef stepped down as director. NBB
- Laurent Tareau became a director. NBB
- Erik van Kleef became a director. NBB
In short
From € 618,924 loss in 2022 to € 802,052 loss in 2025.
Paid € 8,000 in corporate taxes since 2022.
Pays suppliers within 73 days on average.
Management
The shares are held by Merlin Entertainments LTD and Merlin Entertainements Holding.
Directors
According to the 2025 annual accounts
Laurent Tareau
Director
since 2024 · until 2025
Matthew JOWETT
Managing director
since 2021 · until 2027
Barbara Hoppel
Director
since 2025 · until 2032
Erik van Kleef
Director
since 2024 · until 2025
Shareholders
Merlin Entertainments LTD
Merlin Entertainements Holding
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Koning Albert-I-laan 116
8370 Blankenberge
Lambermontlaan 1
1000 Brussel
Active since 1 November 2021
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Similar companies in West Flanders
Same main activity (Activiteiten van pret- en themaparken), 26 active companies in West Flanders, largest first.
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Details
- Company number
- 0452.786.694
- VAT number
- BE 0452.786.694
- Registered office
- Koning Albert-I-laan 116, 8370 Blankenberge
- Names & denominations
- Merlin Entertainments Belgium
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 30 May 1994
- Peppol
- Active · Active since 5 Feb 2026
- Activities · NACE
Activiteiten van pret- en themaparken
Pretparken
Exploitatie van pret- en themaparken
Activiteiten van eetgelegenheden met beperkte bediening, muv mobiele eetgelegenheden
Detailhandel in souvenirs en religieuze artikelen
Gespecialiseerde detailhandel in souvenirs, ambachtelijke producten en religieuze artikelen
Fastfoodzaken, snackbars, frituren en dergelijke
Eetgelegenheden met beperkte bediening
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