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 2 of the last 4 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 59 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
S&R Brugge from Brugge, company number BE0502379430, closed financial year 2025 with a result of € 8,687 after tax. For that financial year S&R Brugge recorded a gross margin of € 4.3 million and equity of € -6,006. Compared with financial year 2024, the result moved from € -44,660 to € 8,687. 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 August 25, 2026.
€ -6,006
▲ € 8,687 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 8,687
▲ still € 44,660 loss in 2024
Profit after tax over the fiscal year.
€ 437,294
▼ 74% 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 € -1.5 million.
People and assets in 2025
34.4
▼ 0.4 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.7 million
▲ 4% vs 2024
€ 50,600 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.
€ 16,550
▼ 32% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 20.5 million
▼ 6% vs 2024
€ 561,880 is repaid this year. At this pace the long-term loan is gone in ≈ 36 years.
€ 386,136
▼ 12% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 244,467
▲ 2% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 1,462,610 | € 1,195,006 | € 1,591,747 | € 4,253,224 | ▲ 167% |
| Profit after taxes | € 325,632 | € -269,895 | € -44,660 | € 8,687 | ▲ € 53,347 |
| Equity | € 299,862 | € 29,967 | € -14,692 | € -6,006 | ▲ € 8,687 |
| Total debts | € 24,958,196 | € 23,977,311 | € 22,868,582 | € 21,486,331 | ▼ 6% |
| Cash | € 1,717,307 | € 1,965,519 | € 1,711,695 | € 437,294 | ▼ 74% |
| Land & buildings | € 22,217,022 | € 21,225,566 | € 20,317,645 | € 19,318,595 | ▼ 5% |
| Retained profit | € -1,200,138 | € -1,470,033 | € -1,514,692 | € -1,506,006 | ▲ € 8,687 |
| Bank debt | € 23,926,435 | € 22,858,840 | € 21,696,595 | € 20,468,087 | ▼ 6% |
| Balance sheet total | € 25,258,059 | € 24,007,278 | € 22,853,890 | € 21,480,325 | ▼ 6% |
| Employees (FTE) | 31.4 | 30.3 | 34.8 | 34.4 | ▼ 0.4 |
Key figures of S&R Brugge, 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 S&R Brugge?
What happened at S&R Brugge in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- ACH Build NV stepped down as director. NBB
- Vinci Facilities Belgium NV stepped down as director. NBB
- Vanhout NV stepped down as director. NBB
- Lotec BV stepped down as director. NBB
- Innopa NV stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 8,687. filed late Source: NBB ↗
- ACH Build NV became a director. NBB
- Vinci Facilities Belgium NV became a director. NBB
In short
From € 325,632 profit in 2022 to € 8,687 profit in 2025.
Paid € 3,601 in corporate taxes since 2022.
Best year ever: 2022, with € 325,632 profit.
On average € 123,600 of value added per employee in 2025.
Management
The shares are held by S&R Group NV (100%).
Directors
According to the 2025 annual accounts
Director · represented by Eric Leskens
Owns 16% via S&R Group NV
Also active at: SPORT EN RECREATIEBAD PELT, Vanhout PPS, S&R Kortrijk-Zwevegem, S&R Sint-Truiden, S&R Bredene, S&R Gent, S&R MONS, S&R Beveren +2 more
since 2024 · until 2030
Director · represented by Ward Beniest
Owns 7% via S&R Group NV
Also active at: SPORT EN RECREATIEBAD PELT, VINCI Facilities Belgium, SPORT EN RECREATIE WESTERLO, Vanhout PPS, S&R Kortrijk-Zwevegem, S&R Sint-Truiden, S&R Bredene, NAC Herent +6 more
since 2024 · until 2030
Director · represented by Ronny Eijckmans
Owns 16% via S&R Group NV
Also active at: DE WOLKAMMERIJ, SPORT EN RECREATIEBAD PELT, SPORT EN RECREATIE WESTERLO, Vanhout PPS, Molenweidehoek, S&R Kortrijk-Zwevegem, Bergesteyn, S&R Sint-Truiden +11 more
since 2024 · until 2030
Lotec BV
Director · represented by Benoit Simonart
Owns 11% via S&R Group NV
Also active at: SPORT EN RECREATIEBAD PELT, S&R Kortrijk-Zwevegem, S&R Sint-Truiden, S&R Gent, S&R MONS, S&R Beveren, S&R Group
since 2024 · until 2030
Managing director · represented by Jan De Wit
Owns 50% via S&R Group NV
Also active at: SPORT EN RECREATIEBAD PELT, S&R Kortrijk-Zwevegem, S&R Sint-Truiden, S&R Bredene, S&R Gent, S&R MONS, S&R Beveren, S&R Group +1 more
since 2024 · until 2030
Shareholders
S&R Group NV · holding of Innopa NV
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Doornstraat 110
8200 Brugge
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0502.379.430
- VAT number
- BE 0502.379.430
- Registered office
- Doornstraat 110, 8200 Brugge
- Names & denominations
- S&R Brugge
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 9 January 2013
- Peppol
- Active · Active since 15 Sept 2025
- Activities · NACE
Activiteiten van pret- en themaparken
Overige recreatie- en ontspanningsactiviteiten, neg
Exploitatie van pret- en themaparken
Overige accommodatie
Cafés en bars