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STANDARD DE LIEGE

Active
Public limited companyfounded 198838 yrs activeRue de la Centrale 2, 4000 Liège, BelgiumKBO/BCE: BE 0433.255.448
Summary

STANDARD DE LIEGE has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €926,304 and a net result of -€13.3m. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 20% of 468 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).

Risk analysisWatch ReportCompare
STANDARD DE LIEGEActiveChecked score 63/100
Risk analysis ReportCompare

Overview

Activity
Operation of sports facilities
NACE 93110NACE 92611NACE 92621
#1 employer in the province of Liège, Sports and recreation sector2 sites
Size
€20.5mturnover 2025
Staff
178.9 FTE
Equity
€926,304
Loss
-€13.3m
Financial health
63 Healthy Checked score 2025
Bankruptcy chance 12 m
1.2%
Structure
Parent
SDL HOLDING
Board
7 members
Auditor: BDO Réviseurs d'EntrepriseAccounts 64 d early
Why 63- Loss of €13.3m, the second in a row (FY 2025)- Equity €926,304 (3.1% of total assets)- Liquidity: current ratio 1.00, cash €311,835+ Sector Sports, amusement and recreation activities (NACE 93)Show the evidence

Checked score

Score 2025
63 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Better than 22% of its sector peers (NACE 93, medium-sized)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Weak
Solvency 28+28
equity 3.1% of total assets
Liquidity 22+20
short-term debt 57.3% · cash 1.0%
Profitability 0=
return on assets -44.3%
Bankruptcy probability, 12 months
1.2% Low
0%0.5%1.5%4%10%≥ 25%

About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (54 companies)
Last 23 months 12-2024: 2.5% 01-2025: 2.8%▲ +11.6% vs 12-2024 02-2025: 2.8%● 0.0% vs 01-2025 03-2025: 2.8%● 0.0% vs 02-2025 04-2025: 2.8%● 0.0% vs 03-2025 05-2025: 2.8%● 0.0% vs 04-2025 06-2025: 2.8%● 0.0% vs 05-2025 07-2025: 2.8%● 0.0% vs 06-2025 08-2025: 2.8%● 0.0% vs 07-2025 09-2025: 2.8%● 0.0% vs 08-2025 10-2025: 2.8%● 0.0% vs 09-2025 11-2025: 2.8%● 0.0% vs 10-2025 12-2025: 2.9%▲ +1.8% vs 11-2025highest value 01-2026: 1.2%▼ -57.1% vs 12-2025 02-2026: 1.2%● 0.0% vs 01-2026 03-2026: 1.2%● 0.0% vs 02-2026 04-2026: 1.2%● 0.0% vs 03-2026 05-2026: 1.2%● 0.0% vs 04-2026 06-2026: 1.2%● 0.0% vs 05-2026 07-2026: 1.2%● 0.0% vs 06-2026 08-2026: 1.2%▼ -3.2% vs 07-2026lowest value 09-2026: 1.2%● 0.0% vs 08-2026lowest value 10-2026: 1.2%● 0.0% vs 09-2026lowest value
  • Loss of €13.3m, the second in a row (FY 2025) raises the probability
  • Equity €926,304 (3.1% of total assets) raises the probability
  • Liquidity: current ratio 1.00, cash €311,835 raises the probability
  • Sector Sports, amusement and recreation activities (NACE 93) lowers the probability
Credit up to €55,000 at 30 days acceptable
Liquidity short (current ratio 1.0 against 0.4 in 2024; short-term debt: 57.3% and cash: 1% of total assets), and 96.9% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 93, medium-sized). Better than this share of them on solvency 19%, liquidity 9%, profitability 9%, growth against the median 50%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Loss of €13.3m, the second in a row (FY 2025)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Equity €926,304 (3.1% of total assets)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Liquidity: current ratio 1.00, cash €311,835
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
lowers risk · Sector Sports, amusement and recreation activities (NACE 93)
In the bankruptcy model this factor lowers the probability.
KBO
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 468 sector peers (2025).
NBB · sector comparison
Position among 468 sector peers
Solvency
better than 20%
← weakest strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 28-11-2025, 64 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
64 d early
2024
59 d early
2023
42 d early
2022
39 d early
2021
40 d early
2020
93 d early
2019
42 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 54 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 20 December (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
30-06-2026 close03-10-2026 today31-01-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Appointments: Nicolas Bloemen (director) and BDO…Resignation: Marc Wilmots (director) ·…
  2. Resignation: Marc Wilmots (director)Appointment: Nicolas Bloemen (director) ·…
  3. Annual accounts filedfiscal year 2025 · full…

Key points

  • Risk: 5 loss-making years in a rowloss fiscal year 2025 -€13.3m View
  • Caution: Among the weakest 5% on net resultsector median €14,865 · 467 companies -€13.3m View
  • Positive: Always filed on timeaccounts within the deadline every year 8 years View
  • Controlled by SDL HOLDING parent View
  • Positive: Result rose in 2025from -€25.1m to -€13.3m ▲ 46.8% View
  • Board changedlatest change 04-03-2026 · 7 in office 1 joined · 1 left View

By topic

Financials

Fiscal year
2025
Turnover
€20.5m
Loss
-€13.3m
Solvency
3.1%
Turnover▼ 20.9%
Net result
20192025
Go to Financials

Board & ownership

Board
7 members
Parent
SDL HOLDING
Auditor
BDO Réviseurs d'Entreprise
Go to Board & ownership

Timeline

Events
54
Since
2009
Next accounts
by 31-01-2027
  1. 04-03-2026Appointments: Nicolas Bloemen (director) and BDO Réviseurs…
  2. 23-02-2026Resignation: Marc Wilmots (director)
  3. 28-11-2025Annual accounts filed
Go to Timeline

Company details

Sites
2
Legal form
Public limited company
Activity
Operation of sports facilitiesNACE 93110
Founded
25-01-1988
Year ends
30-06
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
1
Purpose
La société a pour objet le développement sportif, l'occupation des loisirs, la pratique…
Go to Articles of association

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