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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Tight liquidity NBB
Cash and receivables cover 24 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
S&R Gent from Gent, company number BE0823390042, closed financial year 2025 with a result of € 295,211 after tax. For that financial year S&R Gent recorded revenue of € 6.2 million and equity of € 1.7 million. Compared with financial year 2024, the result moved from € 199,583 to € 295,211. Profitable, and profit is growing. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 25, 2026.
€ 1.7 million
▲ 1% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 295,211
▲ 48% vs 2024
Profit after tax over the fiscal year.
€ 482,591
▼ 40% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 280,000 paid out
95 % of the profit went to the shareholders, mostly to S&R Group NV (100 % of the shares). That is where the money ends up.
People and assets in 2025
57.3
▼ 2.8 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 2.7 million
▲ 7% vs 2024
€ 47,600 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.
€ 111,824
▼ 2% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 29.9 million
▼ 6% vs 2024
€ 2.1 million is repaid this year. At this pace the long-term loan is gone in ≈ 14 years.
€ 432,478
▼ 12% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 37 days on average.
€ 380,787
▲ 5% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 5,217,821 | € 6,071,604 | € 6,149,804 | € 6,202,588 | ▲ 1% |
| Profit after taxes | € 80,618 | € 674,424 | € 199,583 | € 295,211 | ▲ 48% |
| Equity | € 1,706,265 | € 1,653,689 | € 1,663,272 | € 1,678,483 | ▲ 1% |
| Total debts | € 36,913,072 | € 37,301,474 | € 34,328,354 | € 32,456,260 | ▼ 5% |
| Cash | € 1,576,320 | € 1,820,503 | € 799,597 | € 482,591 | ▼ 40% |
| Land & buildings | € 29,469,926 | € 28,038,144 | € 26,807,418 | € 25,282,658 | ▼ 6% |
| Retained profit | € 159,390 | € 106,814 | € 116,397 | € 131,608 | ▲ 13% |
| Dividend | € 0 | € 727,000 | € 190,000 | € 280,000 | ▲ 47% |
| Bank debt | € 34,997,696 | € 33,664,836 | € 31,931,975 | € 29,899,115 | ▼ 6% |
| Balance sheet total | € 38,657,489 | € 38,955,163 | € 35,991,626 | € 34,134,743 | ▼ 5% |
| Employees (FTE) | 50 | 48 | 60.1 | 57.3 | ▼ 2.8 |
Key figures of S&R Gent, 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 Gent?
What happened at S&R Gent 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 € 295,211 (▲ 48% vs 2024). filed late Source: NBB ↗
- ACH Build NV became a director. NBB
- Vinci Facilities Belgium NV became a director. NBB
In short
From € 80,618 profit in 2022 to € 295,211 profit in 2025.
Paid € 481,375 in corporate taxes since 2022.
Best year ever: 2023, with € 674,424 profit.
Paid out € 1.2 million in dividends to the owners in total.
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 Kortrijk-Zwevegem, S&R Sint-Truiden, S&R Bredene, S&R MONS, S&R Beveren +2 more
since 2022 · 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 Kortrijk-Zwevegem, S&R Sint-Truiden, S&R Bredene +6 more
since 2022 · 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, S&R Kortrijk-Zwevegem, Bergesteyn +11 more
since 2022 · 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 Kortrijk-Zwevegem, S&R Sint-Truiden, S&R MONS, S&R Beveren, S&R Group
since 2022 · 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 Kortrijk-Zwevegem, S&R Sint-Truiden, S&R Bredene, S&R MONS, S&R Beveren, S&R Group +1 more
since 2022 · 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
Victor Braeckmanlaan 180
9040 Gent
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0823.390.042
- VAT number
- BE 0823.390.042
- Registered office
- Victor Braeckmanlaan 180, 9040 Gent
- Names & denominations
- S&R Gent
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 24 February 2010
- Peppol
- Active · Active since 15 Sept 2025
- Activities · NACE
Exploitatie van sportaccommodaties
Activiteiten van eetgelegenheden met volledige bediening
Eetgelegenheden met volledige bediening