Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
-
Tight liquidity NBB
Cash and receivables cover 5 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
BELGIAN RACING from Namur, company number BE0474455011, closed financial year 2025 with a result of € 114,495 after tax. For that financial year BELGIAN RACING recorded a gross margin of € 671,866 and equity of € -21.5 million. Compared with financial year 2024, the result moved from € -248,796 to € 114,495. 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 September 18, 2026.
€ -21.5 million
▲ € 114,495 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 114,495
▲ still € 248,796 loss in 2024
Profit after tax over the fiscal year.
€ 656,136
▲ 11% 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 € -22.9 million.
People and assets in 2025
2
Average over the fiscal year, from the social balance sheet.
€ 473,979
▼ 47% vs 2024
€ 237,000 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.
€ 120,943
▼ 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.
€ 71,691
▲ 7% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 97,712
▼ 88% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 380,066 | € 2,156,231 | € 581,352 | € 671,866 | ▲ 16% |
| Profit after taxes | € 35,820 | € -1,833,786 | € -248,796 | € 114,495 | ▲ € 363,291 |
| Equity | € -19,574,390 | € -21,408,176 | € -21,656,972 | € -21,542,476 | ▲ € 114,495 |
| Total debts | € 24,595,280 | € 23,715,390 | € 23,863,843 | € 22,890,958 | ▼ 4% |
| Cash | € 671,588 | € 731,446 | € 590,877 | € 656,136 | ▲ 11% |
| Retained profit | € -20,979,235 | € -22,813,021 | € -23,061,817 | € -22,947,322 | |
| Balance sheet total | € 5,020,891 | € 2,825,496 | € 2,280,836 | € 1,371,255 | ▼ 40% |
| Employees (FTE) | - | 2 | 2 | 2 |
Key figures of BELGIAN RACING, 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.
What happened to BELGIAN RACING?
What happened at BELGIAN RACING in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 114,495. filed late Source: NBB ↗
- Gloria Guerrero Campos became a director. NBB
- New establishment in Namur. KBO
- Start of the company according to the CBE. KBO
In short
From € 35,820 profit in 2022 to € 114,495 profit in 2025.
Paid € 55,952 in corporate taxes since 2022.
Best year ever: 2025, with € 114,495 profit.
On average € 335,900 of value added per employee in 2025.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind BELGIAN RACING is Gloria Guerrero Campos.
Directors
According to the 2025 annual accounts
Gloria Guerrero Campos
Director
since 2025
Establishments
Establishment units
Physical locations of this company
Rue des Salamandres(NN) 9
5100 Namur
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0474.455.011
- VAT number
- BE 0474.455.011
- Registered office
- Rue des Salamandres(NN) 9, 5100 Namur
- Names & denominations
- BELGIAN RACING
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 30 March 2001
- Peppol
- Active · Active since 20 Nov 2020
- Activities · NACE
Overige sportactiviteiten, neg