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 7 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
SURF & FUN from Lommel, company number BE0842302369, closed financial year 2025 with a result of € 47,320 after tax. For that financial year SURF & FUN recorded a gross margin of € 319,359 and equity of € 348,034. Compared with financial year 2024, the result moved from € 41,591 to € 47,320. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on July 10, 2026.
€ 348,034
▲ 16% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 47,320
▲ 14% vs 2024
Profit after tax over the fiscal year.
€ 2,336
▼ 98% 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 € 341,834.
People and assets in 2025
3.3
▼ 1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 148,518
▼ 8% vs 2024
€ 45,000 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.
€ 33,949
▲ 168% vs 2024
Of which on lease € 1,322.
Debts at end 2025
€ 341,060
▲ 3% vs 2024
€ 125,745 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 303,909
▼ 19% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 15,276
▼ 54% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 335,229 | € 319,719 | € 351,856 | € 319,359 | ▼ 9% |
| Profit after taxes | € 67,000 | € 22,957 | € 41,591 | € 47,320 | ▲ 14% |
| Equity | € 236,167 | € 259,124 | € 300,715 | € 348,034 | ▲ 16% |
| Total debts | € 848,285 | € 801,483 | € 800,832 | € 724,159 | ▼ 10% |
| Cash | € 139,580 | € 19,225 | € 152,131 | € 2,336 | ▼ 98% |
| Retained profit | € 229,967 | € 252,924 | € 294,515 | € 341,834 | ▲ 16% |
| Bank debt | € 259,145 | € 236,131 | € 330,139 | € 341,060 | ▲ 3% |
| Balance sheet total | € 1,084,452 | € 1,060,607 | € 1,101,547 | € 1,072,193 | ▼ 3% |
| Employees (FTE) | 3.1 | 3.5 | 4.3 | 3.3 | ▼ 1 |
Key figures of SURF & FUN, 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 SURF & FUN?
What happened at SURF & FUN in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 47,320 (▲ 14% vs 2024). Source: NBB ↗
- Kupalo Holding became a director. NBB
- New establishment in Koksijde. KBO
- New establishment in Lommel. KBO
- Start of the company according to the CBE. KBO
In short
From € 67,000 profit in 2022 to € 47,320 profit in 2025.
Paid € 15,722 in corporate taxes since 2022.
Best year ever: 2022, with € 67,000 profit.
On average € 96,800 of value added per employee in 2025.
Management
The stake of KUPALO HOLDING comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
SURF & FUNBehind SURF & FUN is Kupalo Holding. The shares are held by KUPALO HOLDING (100%).
Directors
According to the 2025 annual accounts
Director · represented by Theodorus Van Lierop
Also active at: Birota Rentalis, GRADUS RENTALIS
since 2020
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Elzen 145
3920 Lommel
Polderstraat(Odk) 158
8670 Koksijde
Active since 1 May 2020
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 4 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
- 0842.302.369
- VAT number
- BE 0842.302.369
- Registered office
- Elzen 145, 3920 Lommel
- Names & denominations
- SURF & FUN
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 23 December 2011
- Peppol
- Active · Active since 22 Sept 2025
- Contact
- 0477/239898
- Activities · NACE
Exploitatie van sportaccommodaties
Verhuur en lease van sport- en recreatieartikelen
Activiteiten van eetgelegenheden met beperkte bediening, muv mobiele eetgelegenheden
Eetgelegenheden met beperkte bediening