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 3 of the last 4 fiscal years.
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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 45 % of short-term debt in 2025; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 37.9 to 25.9.
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Busy address KBO
51 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
RECREATION & LEISURE from Waterloo, company number BE0656917652, closed financial year 2025 with a result of € -576,352 after tax. For that financial year RECREATION & LEISURE recorded a gross margin of € 1.3 million and equity of € -244,426. Compared with financial year 2024, the result moved from € -870,011 to € -576,352. The company made a loss. 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 June 9, 2026.
€ -244,426
▼ € 576,352 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -576,352
▲ 34 % less loss than in 2024
Profit after tax over the fiscal year.
€ 66,361
▲ 55% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -4.2 million.
People and assets in 2025
25.9
▼ 0.6 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 1.6 million
▲ 8% vs 2024
€ 62,600 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.
€ 219,210
▼ 11% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 122,222
▼ 25% vs 2024
€ 41,635 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 1 million
▼ 19% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 195,138
▼ 35% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 1,146,782 | € 1,277,217 | € 1,050,766 | € 1,317,675 | ▲ 25% |
| Profit after taxes | € -711,885 | € -799,893 | € -870,011 | € -576,352 | ▲ € 293,659 |
| Equity | € -1,399,040 | € -2,198,933 | € 331,927 | € -244,426 | ▼ € 576,352 |
| Total debts | € 3,501,053 | € 4,216,646 | € 2,189,784 | € 2,483,963 | ▲ 13% |
| Cash | € 179,600 | € 26,505 | € 42,805 | € 66,361 | ▲ 55% |
| Land & buildings | € 33,897 | € 30,235 | € 26,572 | € 22,909 | ▼ 14% |
| Retained profit | € -1,961,040 | € -2,760,933 | € -3,630,945 | € -4,207,297 | ▼ € 576,352 |
| Bank debt | € 2,570,533 | € 201,317 | € 161,954 | € 122,222 | ▼ 25% |
| Balance sheet total | € 2,102,013 | € 2,017,713 | € 2,521,710 | € 2,239,537 | ▼ 11% |
| Employees (FTE) | 37.9 | 37.9 | 26.5 | 25.9 | ▼ 0.6 |
Key figures of RECREATION & LEISURE, 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 RECREATION & LEISURE?
What happened at RECREATION & LEISURE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 576,352. Source: NBB ↗
- New establishment in Charleroi. KBO
- New establishment in Ottignies-Louvain-la-Neuve. KBO
- New establishment in Brussel. KBO
- Arnaud Deparis became a director. NBB
- New establishment in Arlon. KBO
- ARLO SRL became a director. NBB
- SPORTS VENTURES SRL became a director. NBB
In short
From € 711,885 loss in 2022 to € 576,352 loss in 2025.
Paid € 3,757 in corporate taxes since 2022.
On average € 50,900 of value added per employee in 2025.
Management
The stake of RLE INVEST comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
RECREATION & LEISUREBehind RECREATION & LEISURE are ARLO SRL, SPORTS VENTURES SRL and Arnaud Deparis. The shares are held by RLE INVEST (100%).
Directors
According to the 2025 annual accounts
Director · represented by Arthur Lhoist
Also active at: Tennis Club de Belgique Courts Couverts, LE VIEUX LOGIS, FALS, PORCELYNEGOED, LAMSOUL, LES CRESSES, MATHIMMO, LE BESTIN +35 more
since 2023
Director · represented by Nicolas Lhoist
Also active at: Tennis Club de Belgique Courts Couverts, GROTTES DE HAN, LE VIEUX LOGIS, Sporsystem, FALS, PORCELYNEGOED, LAMSOUL, LES CRESSES +41 more
since 2023
Arnaud Deparis
Director
since 2024
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Chaussée de Tervuren 389
1410 Waterloo
Astridlaan 7
8300 Knokke-Heist
Active since 23 June 2016
Weyler, Zone artisanale 30
6700 Arlon
Active since 14 March 2024
Avenue Léon Fournet 20
1342 Ottignies-Louvain-la-Neuve
Active since 1 July 2024
Welgelegenstraat 26
1000 Brussel
Active since 1 July 2024
Rue de la Pépinière 5
6041 Charleroi
Active since 5 December 2025
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 51 companies are registered at this address.
All companies at this address →LE VIEUX LOGIS same network
€ 31,331 gross margin · 2025
FALS same network
€ 341,137 gross margin · 2025
PORCELYNEGOED same network
€ 973,207 gross margin · 2024
LAMSOUL same network
€ -202,654 gross margin · 2025
LES CRESSES same network
€ -96,545 gross margin · 2025
+46 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
- 0656.917.652
- VAT number
- BE 0656.917.652
- Registered office
- Chaussée de Tervuren 389, 1410 Waterloo
- Names & denominations
- RECREATION & LEISURE · R&L
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 23 June 2016
- Peppol
- Active · Active since 4 Dec 2024
- Activities · NACE
Activiteiten van eetgelegenheden met volledige bediening
Eetgelegenheden met volledige bediening
Catering van evenementen
Cafés en bars