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 4 of the last 4 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 8 % of short-term debt in 2025; threshold 65 %.
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Busy address KBO
18 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
EF WATERLOO from Leuven, company number BE0716963721, closed financial year 2025 with a result of € 56,003 after tax. For that financial year EF WATERLOO recorded a gross margin of € 100,388 and equity of € -10,388. Compared with financial year 2024, the result moved from € 30,898 to € 56,003. 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 July 24, 2026.
€ -10,388
▲ € 56,003 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 56,003
▲ 81% vs 2024
Profit after tax over the fiscal year.
€ 567
▲ 191% 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 € -36,388.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 21,051
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 22,548
▼ 59% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 5,304
Wages, holiday pay and social contributions still to pay. No outstanding taxes.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -17,723 | € 55,800 | € 62,437 | € 100,388 | ▲ 61% |
| Profit after taxes | € -33,493 | € 26,559 | € 30,898 | € 56,003 | ▲ 81% |
| Equity | € -123,848 | € -97,289 | € -66,391 | € -10,388 | ▲ € 56,003 |
| Total debts | € 236,063 | € 179,766 | € 131,488 | € 55,504 | ▼ 58% |
| Cash | - | € 2,437 | € 195 | € 567 | ▲ 191% |
| Retained profit | € -149,848 | € -123,289 | € -92,391 | € -36,388 | ▲ € 56,003 |
| Bank debt | € 79,386 | € 21,034 | € 16 | € 0 | ▼ 100% |
| Balance sheet total | € 112,215 | € 82,477 | € 65,097 | € 45,115 | ▼ 31% |
| Employees (FTE) | - | - | - | 0.5 |
Key figures of EF WATERLOO, 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 EF WATERLOO?
What happened at EF WATERLOO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 56,003 (▲ 81% vs 2024). Source: NBB ↗
- New establishment in Waterloo. KBO
- R&A Holding NV became a director. NBB
- JB Management SNC became a director. NBB
- Bruno Rivas became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 33,493 loss in 2022 to € 56,003 profit in 2025.
Best year ever: 2025, with € 56,003 profit.
Management
The stake of JB MANAGEMENT SNC, R&A HOLDING comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
EF WATERLOOBehind EF WATERLOO are R&A Holding NV, JB Management SNC and Bruno Rivas. The shares are held by JB MANAGEMENT SNC (25.4%) and R&A HOLDING (25%).
Directors
According to the 2025 annual accounts
Director · represented by Raf Swerts
Also active at: Fitness & Health, EASYFIT, FIT DANCE, JUVENALIS, EF RSK, EF MAASMECHELEN, EF DIEPENBEEK, EF LOCHRISTI +8 more
since 2018
since 2018
Bruno Rivas
Director
since 2018
Shareholders
25.4%
25%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Zeilstraat 2 box 1
3000 Leuven
Chaussée de Bruxelles 88 box A
1410 Waterloo
Active since 29 December 2018
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 18 companies are registered at this address.
All companies at this address →COMPANY FOR FINANCE AND BUSINESS
€ 41,181 gross margin · 2025
Fitness & Health same network
€ 1.2 million gross margin · 2025
EASYFIT same network
€ -4,097 gross margin · 2025
HUBZ
€ 61,903 gross margin · 2025
JUVENALIS same network
€ 77,303 gross margin · 2025
+13 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
- 0716.963.721
- VAT number
- BE 0716.963.721
- Registered office
- Zeilstraat 2 bus 1, 3000 Leuven
- Names & denominations
- EF WATERLOO
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 29 December 2018
- Peppol
- Active · Active since 27 Mar 2026
- Activities · NACE
Activiteiten van fitnesscentra
Activiteiten van holdings
Activiteiten van eetgelegenheden met beperkte bediening, muv mobiele eetgelegenheden
Sport- en recreatieonderwijs
Activiteiten van kuuroorden, sauna’s en stoombaden
Exploitatie van sportaccommodaties
Handel in eigen onroerend goed
Sauna's, solaria, baden enz.
+2