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.
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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 50 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
S&R Kortrijk-Zwevegem from Kortrijk, company number BE0667791649, closed financial year 2025 with a result of € -237,483 after tax. For that financial year S&R Kortrijk-Zwevegem recorded revenue of € 8.2 million and equity of € -3 million. Compared with financial year 2024, the result moved from € -263,468 to € -237,483. 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 August 25, 2026.
€ -3 million
▲ € 145,780 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -237,483
▲ 10 % less loss than in 2024
Profit after tax over the fiscal year.
€ 1 million
▲ 23% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -5.8 million.
People and assets in 2025
58.4
▼ 6.3 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 2.9 million
€ 49,400 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.
€ 120,293
▼ 31% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 43.9 million
▼ 4% vs 2024
€ 2.2 million is repaid this year. At this pace the long-term loan is gone in ≈ 20 years.
€ 1.6 million
▲ 11% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 104 days on average.
€ 458,331
▲ 11% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 6,537,885 | € 7,695,849 | € 7,919,334 | € 8,233,598 | ▲ 4% |
| Profit after taxes | € -1,766,397 | € -961,052 | € -263,468 | € -237,483 | ▲ € 25,984 |
| Equity | € -2,312,504 | € -3,273,557 | € -3,153,761 | € -3,007,981 | ▲ € 145,780 |
| Total debts | € 49,451,228 | € 48,507,101 | € 48,176,125 | € 46,279,616 | ▼ 4% |
| Cash | € 950,951 | € 909,386 | € 827,469 | € 1,018,142 | ▲ 23% |
| Land & buildings | € 43,274,174 | € 41,682,927 | € 40,173,724 | € 38,603,311 | ▼ 4% |
| Retained profit | € -4,312,504 | € -5,273,557 | € -5,537,024 | € -5,774,508 | ▼ € 237,483 |
| Bank debt | € 45,608,709 | € 43,949,803 | € 45,891,657 | € 43,881,410 | ▼ 4% |
| Balance sheet total | € 47,138,724 | € 45,233,545 | € 45,022,364 | € 43,271,636 | ▼ 4% |
| Employees (FTE) | 48.8 | 54.2 | 64.7 | 58.4 | ▼ 6.3 |
Key figures of S&R Kortrijk-Zwevegem, 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 Kortrijk-Zwevegem?
What happened at S&R Kortrijk-Zwevegem 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: loss of € 237,483. filed late Source: NBB ↗
- ACH Build NV became a director. NBB
- Vinci Facilities Belgium NV became a director. NBB
In short
From € 1.8 million loss in 2022 to € 237,483 loss in 2025.
Paid € 767 in corporate taxes since 2022.
Pays suppliers within 104 days on average.
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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
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, S&R Brugge, Vanhout PPS, S&R Sint-Truiden, S&R Bredene, S&R Gent, S&R MONS, S&R Beveren +2 more
since 2023 · until 2028
Director · represented by Ward Beniest
Owns 7% via S&R Group NV
Also active at: SPORT EN RECREATIEBAD PELT, S&R Brugge, VINCI Facilities Belgium, SPORT EN RECREATIE WESTERLO, Vanhout PPS, S&R Sint-Truiden, S&R Bredene, NAC Herent +6 more
since 2023 · until 2028
Director · represented by Ronny Eijckmans
Owns 16% via S&R Group NV
Also active at: DE WOLKAMMERIJ, SPORT EN RECREATIEBAD PELT, S&R Brugge, SPORT EN RECREATIE WESTERLO, Vanhout PPS, Molenweidehoek, Bergesteyn, S&R Sint-Truiden +11 more
since 2023 · until 2028
Lotec BV
Director · represented by Benoit Simonart
Owns 11% via S&R Group NV
Also active at: SPORT EN RECREATIEBAD PELT, S&R Brugge, S&R Sint-Truiden, S&R Gent, S&R MONS, S&R Beveren, S&R Group
since 2023 · until 2028
Managing director · represented by Jan De Wit
Owns 50% via S&R Group NV
Also active at: SPORT EN RECREATIEBAD PELT, S&R Brugge, S&R Sint-Truiden, S&R Bredene, S&R Gent, S&R MONS, S&R Beveren, S&R Group +1 more
since 2023 · until 2028
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
Nelson Mandelaplein(Kor) 19
8500 Kortrijk
Bekaertstraat(Z) 4
8550 Zwevegem
Active since 16 December 2016
Abdijkaai(Kor) 11
8500 Kortrijk
Active since 26 April 2018
Bekaertstraat(Z) 9
8550 Zwevegem
Active since 26 April 2018
Lagaeplein(Heu) 8
8501 Kortrijk
Active since 26 April 2018
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0667.791.649
- VAT number
- BE 0667.791.649
- Registered office
- Nelson Mandelaplein(Kor) 19, 8500 Kortrijk
- Names & denominations
- S&R Kortrijk-Zwevegem
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 9 December 2016
- Peppol
- Active · Active since 29 Dec 2025
- Activities · NACE
Exploitatie van sportaccommodaties
Overige recreatie- en ontspanningsactiviteiten, neg
Activiteiten van eetgelegenheden met beperkte bediening, muv mobiele eetgelegenheden
Overige vormen van onderwijs
Sport- en recreatieonderwijs
Activiteiten van eetgelegenheden met volledige bediening