Checked.be · Company dossierhttps://checked.be/en/c/sport-en-recreatie-lier-0867091809 · as of 01-10-2026
SPORT EN RECREATIE LIER
Active
Public limited company · founded 2004 · 22 yrs activeKazernedreef 100, 2500 Lier, BelgiumKBO/BCE: BE 0867.091.809
Summary
SPORT EN RECREATIE LIER has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.6m and a net result of €413,288. Equity remains stable across the filed fiscal years (±0.2% per year). Its solvency ranks better than 34% of 441 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
How financially healthy the company is, how likely a bankruptcy is and how much credit is sensible. Start here to know whether you can do business safely.
Score 2025
Checked score
A figure from 0 to 100 for financial health from the latest annual accounts: the higher, the healthier. Without a figure, the card says why. A low score is a reason to look closely at payment terms and security.
Four sides of financial health side by side. You see at a glance where the company is strong and where it is vulnerable.
Profitability74▲+45
Solvency43▲+3
Growth78=
Track record100
Bankruptcy probability, 12 months
Bankruptcy probability
The chance that this company goes bankrupt within twelve months. A low chance is reassuring; with a higher one, agree shorter payment terms or an advance.
0.1%Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €110,000 at 30 days acceptable
Liquidity short (current ratio 0.99 against 1.18 in 2024; short-term debt: 17% and cash: 13.1% of total assets), and 81.9% of the assets are financed with debt.
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-08-2026, 25 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 6 days after 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 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 28 July (5 of the last 5 filed years within 30 days of that day).
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
History
History
The company's story in a few sentences, from the company register, the Belgian State Gazette and the filed annual accounts. Each number opens the document the sentence rests on.
On 17 August 2004, SPORT EN RECREATIE LIER was incorporated.1In 2014 the registered office moved to Lier.2Of the 4 current board members, ACH Build NV has served longest, since 2024.3Total assets went from €12.2m in 2018 to €9.0m in 2025 and headcount from 24.1 to 28.8 full-time equivalents.4
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 93, Sports, amusement and recreation activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
Net result€0.07mwithin the sector's middle half€0.5mabove the sector's middle half▲ 606%€0.4mabove the sector's middle half▼ 10.2%€0.5mabove the sector's middle half▲ 16.7%€0.4mabove the sector's middle half▼ 15.2%
Equity€1.5mabove the sector's middle half▲ 0.8%€1.5mabove the sector's middle half▼ 1.0%€1.5mabove the sector's middle half▼ 1.0%€1.5mabove the sector's middle half▼ 1.0%€1.6mwithin the sector's middle half▲ 11.0%
Total assets€10.8mabove the sector's middle half▲ 1.0%€10.7mabove the sector's middle half▼ 0.8%€10.2mabove the sector's middle half▼ 4.6%€9.6mabove the sector's middle half▼ 6.0%€9.0mabove the sector's middle half▼ 6.1%
Working capital€0.6mabove the sector's middle half▲ 65.2%€0.4mwithin the sector's middle half▼ 34.5%€0.4mwithin the sector's middle half▲ 4.1%€0.3mwithin the sector's middle half▼ 24.2%-€0.02mwithin the sector's middle half
Solvency14.1%within the sector's middle half=14.0%within the sector's middle half=14.6%within the sector's middle half▲ 0.5pp15.3%within the sector's middle half▲ 0.8pp18.1%within the sector's middle half▲ 2.8pp
Current ratio1.41within the sector's middle half▲ 0.011.22within the sector's middle half▼ 0.191.23within the sector's middle half▲ 0.011.18within the sector's middle half▼ 0.050.99within the sector's middle half▼ 0.19
Return on assets (ROA)0.6%within the sector's middle half▲ 2.2pp4.3%within the sector's middle half▲ 3.7pp4.1%within the sector's middle half▼ 0.3pp5.1%within the sector's middle half▲ 1.0pp4.6%within the sector's middle half▼ 0.5pp
Staff (FTE)23.2above the sector's middle half▼ 4.9%24.6above the sector's middle half▲ 6.0%28.2above the sector's middle half▲ 14.6%27.7above the sector's middle half▼ 1.8%28.8above the sector's middle half▲ 4.0%
abovewithinbelowthe middle half (P25 to P75) of NACE 93, Sports, amusement and recreation activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €721,812 after a loss of €625,336 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €9.0m
83.2%
16.8%
Fixed assets€7.5m ▼ 1.3%
Current assets€1.5m ▼ 24.1%
Equity and liabilities €9.0m
18.1%
81.3%
Equity€1.6m ▲ 11.0%
Provisions€52,520 ▼ 8.7%
Debt€7.4m ▼ 9.1%
Debt's share of the balance-sheet total falls from 84.1% to 81.3%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€1.5m▲
2024 · €96,606
Cash flow
€1.1m▼
2024 · €1.2m
Quick ratio
0.98▼
2024 · 1.17
Debt to equity
4.49▼
2024 · 5.48
ROE
25.2%▼
2024 · 33.0%
Interest coverage
7.39▲
2024 · 0.46
Debt ≤ 1 year
€1.5m▼
2024 · €1.7m
Debt > 1 year
€4.7m▼
2024 · €5.2m
Income taxes
€149,064▼
2024 · €184,015
Staff costs
€1.3m▲
2024 · €1.2m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observation
Peer companies
What happened to companies that once looked just like this one does now. It describes the group, not this company: the figures are counted, not predicted.
Of the 4,681 companies that looked in July 2024 the way this one looks now, 1.1% went bankrupt within 24 months and 97% are still going.
Small
20 years or older
solvency 10 to 30%
a profit under 5% of the balance sheet
1.1%went bankrupt
1.9%stopped otherwise
97%still going
For this company itself Checked computes a bankruptcy probability of 0.1% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
The companies in ten equal groups, from lowest to highest expected share.
Group
Expected
Actual
1
0.2%
0.2%
2
0.3%
0.5%
3
0.5%
0.6%
4
0.7%
0.8%
5
0.9%
1.0%
6
1.3%
1.5%
7
1.6%
1.8%
8
1.8%
1.8%
9
3.0%
3.1%
10
5.6%
6.2%
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 4,681 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
Filed annual accountsAs filed with the NBB · 2025 against 2024 · 62 lines
Balance sheetCode20242025
Assets
Total assets20/58€9.6m€9.0m▼
Fixed assets21/28€7.6m€7.5m▼
Tangible fixed assets22/27€7.6m€7.5m▼
Land and buildings22€7.1m€6.6m▼
Plant, machinery and equipment23€0.3m€0.4m▲
Furniture and vehicles24€0.04m€0.05m▲
Assets under construction and advance payments27€0.1m€0.5m▲
Financial fixed assets28€0.001m€0.001m=
Current assets29/58€2.0m€1.5m▼
Stocks and contracts in progress3€0.01m€0.02m▲
Stocks30/36€0.01m€0.02m▲
Amounts receivable within one year40/41€0.2m€0.3m▲
Trade receivables40€0.1m€0.1m▼
Other amounts receivable41€0.07m€0.2m▲
Current investments50/53€0.5m-
Cash at bank and in hand54/58€1.3m€1.2m▼
Deferred charges and accrued income490/1€0.006m€0.004m▼
Equity and liabilities
Total equity and liabilities10/49€9.6m€9.0m▼
Equity10/15€1.5m€1.6m▲
Contributions10/11€0.5m€0.5m=
Capital10€0.5m€0.5m=
Issued capital100€1.0m€1.0m=
Uncalled capital101€0.5m€0.5m=
Reserves13€0.1m€0.1m=
Non-distributable reserves130/1€0.1m€0.1m=
Legal reserve130€0.1m€0.1m=
Profit (loss) carried forward14€0.7m€0.9m▲
Investment grants15€0.2m€0.2m▼
Provisions and deferred taxes16€0.06m€0.05m▼
Deferred taxes168€0.06m€0.05m▼
Amounts payable17/49€8.1m€7.4m▼
Amounts payable after more than one year17€5.2m€4.7m▼
Financial debts170/4€5.2m€4.7m▼
Amounts payable within one year42/48€1.7m€1.5m▼
Current portion of amounts payable after more than one year42€0.6m€0.6m▲
Trade debts44€0.2m€0.3m▲
Suppliers440/4€0.2m€0.3m▲
Taxes, remuneration and social security45€0.2m€0.2m▲
Taxes450/3€0.02m€0.02m▼
Remuneration and social security454/9€0.1m€0.2m▲
Other amounts payable47/48€0.8m€0.5m▼
Accrued charges and deferred income492/3€1.2m€1.1m▼
Income statementCode20242025
Remuneration, social security and pensions62€1.2m€1.3m▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.7m€0.7m▲
Other operating charges640/8€0.06m€0.04m▼
Non-recurring operating charges66A€495-
Gross operating margin9900€1.4m€2.8m▲
Operating profit (loss)9901-€0.6m€0.7m▲
Financial income75/76B€1.5m€0.03m▼
Recurring financial income75€1.5m€0.03m▼
Financial charges65/66B€0.2m€0.2m▼
Recurring financial charges65€0.2m€0.2m▼
Profit (loss) for the period before taxes9903€0.7m€0.6m▼
Transfer from deferred taxes780€0.005m€0.005m=
Income taxes67/77€0.2m€0.1m▼
Profit (loss) for the period9904€0.5m€0.4m▼
Profit (loss) for the period to be appropriated9905€0.5m€0.4m▼
Appropriation of the result
Profit (loss) to be appropriated9906€1.2m€1.1m▼
Profit (loss) brought forward from the previous period14P€0.7m€0.7m=
Profit to be distributed694/7€0.5m€0.2m▼
Return on contributions (dividend)694€0.5m€0.2m▼
Social balance
Average headcount (FTE)908727.728.8▲
The notes to these accounts (15 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Line
2021
2022
2023
2024
2025
Change
Remuneration, social security and pensions62
€0.7m
€0.9m
€1.2m
€1.2m
€1.3m
▲ 3.3%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630
€0.7m
€0.7m
€0.7m
€0.7m
€0.7m
▲ 1.4%
Provisions for liabilities and charges: additions (uses and reversals)635/8
-€0.02m
-€0.05m
-€0.03m
-
-
-
Other operating charges640/8
€0.03m
€0.03m
€0.04m
€0.06m
€0.04m
▼ 35.3%
Non-recurring operating charges66A
-
€0.02m
€0.02m
€495
-
-
Gross operating margin9900
€0.4m
€1.0m
€1.3m
€1.4m
€2.8m
▲ 98.4%
Operating profit (loss)9901
-€1.1m
-€0.7m
-€0.7m
-€0.6m
€0.7m
▲ 215%
Financial income75/76B
€1.4m
€1.5m
€1.4m
€1.5m
€0.03m
▼ 97.8%
Recurring financial income75
€1.4m
€1.5m
€1.4m
€1.5m
€0.03m
▼ 97.8%
Financial charges65/66B
€0.3m
€0.2m
€0.2m
€0.2m
€0.2m
▼ 6.8%
Recurring financial charges65
€0.3m
€0.2m
€0.2m
€0.2m
€0.2m
▼ 6.8%
Profit (loss) for the period before taxes9903
€0.06m
€0.5m
€0.6m
€0.7m
€0.6m
▼ 16.4%
Transfer from deferred taxes780
€0.005m
€0.005m
€0.005m
€0.005m
€0.005m
=
Income taxes67/77
€204
€0.08m
€0.1m
€0.2m
€0.1m
▼ 19.0%
Profit (loss) for the period9904
€0.07m
€0.5m
€0.4m
€0.5m
€0.4m
▼ 15.2%
Profit (loss) for the period to be appropriated9905
€0.07m
€0.5m
€0.4m
€0.5m
€0.4m
▼ 15.2%
Line
2021
2022
2023
2024
2025
Change
Assets
Total assets20/58
€10.8m
€10.7m
€10.2m
€9.6m
€9.0m
▼ 6.1%
Fixed assets21/28
€8.8m
€8.6m
€8.1m
€7.6m
€7.5m
▼ 1.3%
Tangible fixed assets22/27
€8.8m
€8.6m
€8.1m
€7.6m
€7.5m
▼ 1.3%
Land and buildings22
€8.4m
€8.2m
€7.7m
€7.1m
€6.6m
▼ 7.0%
Plant, machinery and equipment23
€0.4m
€0.4m
€0.3m
€0.3m
€0.4m
▲ 6.7%
Furniture and vehicles24
€0.05m
€0.04m
€0.03m
€0.04m
€0.05m
▲ 13.6%
Assets under construction and advance payments27
-
-
€0.005m
€0.1m
€0.5m
▲ 265%
Financial fixed assets28
€0.001m
€0.001m
€0.001m
€0.001m
€0.001m
=
Current assets29/58
€2.0m
€2.1m
€2.2m
€2.0m
€1.5m
▼ 24.1%
Stocks and contracts in progress3
€0.01m
€0.02m
€0.02m
€0.01m
€0.02m
▲ 47.0%
Stocks30/36
€0.01m
€0.02m
€0.02m
€0.01m
€0.02m
▲ 47.0%
Amounts receivable within one year40/41
€0.4m
€0.2m
€0.2m
€0.2m
€0.3m
▲ 52.7%
Trade receivables40
€0.09m
€0.1m
€0.1m
€0.1m
€0.1m
▼ 1.4%
Other amounts receivable41
€0.3m
€0.02m
€0.05m
€0.07m
€0.2m
▲ 165%
Current investments50/53
-
-
-
€0.5m
-
-
Cash at bank and in hand54/58
€1.6m
€2.0m
€2.0m
€1.3m
€1.2m
▼ 7.3%
Deferred charges and accrued income490/1
€0.004m
€0.004m
€0.008m
€0.006m
€0.004m
▼ 35.9%
Equity and liabilities
Total equity and liabilities10/49
€10.8m
€10.7m
€10.2m
€9.6m
€9.0m
▼ 6.1%
Equity10/15
€1.5m
€1.5m
€1.5m
€1.5m
€1.6m
▲ 11.0%
Contributions10/11
€0.5m
€0.5m
€0.5m
€0.5m
€0.5m
=
Capital10
€0.5m
€0.5m
€0.5m
€0.5m
€0.5m
=
Issued capital100
€1.0m
€1.0m
€1.0m
€1.0m
€1.0m
=
Uncalled capital101
€0.5m
€0.5m
€0.5m
€0.5m
€0.5m
=
Reserves13
€0.1m
€0.1m
€0.1m
€0.1m
€0.1m
=
Non-distributable reserves130/1
€0.1m
€0.1m
€0.1m
€0.1m
€0.1m
=
Legal reserve130
€0.1m
€0.1m
€0.1m
€0.1m
€0.1m
=
Profit (loss) carried forward14
€0.7m
€0.7m
€0.7m
€0.7m
€0.9m
▲ 25.2%
Investment grants15
€0.2m
€0.2m
€0.2m
€0.2m
€0.2m
▼ 8.7%
Provisions and deferred taxes16
€0.2m
€0.1m
€0.06m
€0.06m
€0.05m
▼ 8.7%
Provisions for liabilities and charges160/5
€0.08m
€0.03m
-
-
-
-
Major repairs and maintenance162
€0.08m
€0.03m
-
-
-
-
Deferred taxes168
€0.07m
€0.07m
€0.06m
€0.06m
€0.05m
▼ 8.7%
Amounts payable17/49
€9.1m
€9.1m
€8.7m
€8.1m
€7.4m
▼ 9.1%
Amounts payable after more than one year17
€6.7m
€6.3m
€5.8m
€5.2m
€4.7m
▼ 10.8%
Financial debts170/4
€6.7m
€6.3m
€5.8m
€5.2m
€4.7m
▼ 10.8%
Amounts payable within one year42/48
€1.4m
€1.7m
€1.8m
€1.7m
€1.5m
▼ 9.5%
Current portion of amounts payable after more than one year42
€0.5m
€0.5m
€0.6m
€0.6m
€0.6m
▲ 2.2%
Trade debts44
€0.3m
€0.4m
€0.4m
€0.2m
€0.3m
▲ 50.5%
Suppliers440/4
€0.3m
€0.4m
€0.4m
€0.2m
€0.3m
▲ 50.5%
Taxes, remuneration and social security45
€0.1m
€0.2m
€0.2m
€0.2m
€0.2m
▲ 10.3%
Taxes450/3
€0.01m
€0.1m
€0.02m
€0.02m
€0.02m
▼ 1.4%
Remuneration and social security454/9
€0.1m
€0.1m
€0.2m
€0.1m
€0.2m
▲ 11.6%
Other amounts payable47/48
€0.5m
€0.6m
€0.7m
€0.8m
€0.5m
▼ 40.0%
Accrued charges and deferred income492/3
€1.0m
€1.0m
€1.1m
€1.2m
€1.1m
▼ 1.0%
Line
2021
2022
2023
2024
2025
Change
Profit (loss) for the period9904
€0.07m
€0.5m
€0.4m
€0.5m
€0.4m
▼ 15.2%
+ Depreciation and write-downs630
€0.7m
€0.7m
€0.7m
€0.7m
€0.7m
▲ 1.4%
Operating cash flow (approximation)
€0.8m
€1.2m
€1.1m
€1.2m
€1.1m
▼ 5.3%
Investment in fixed assets (approximation)
-
-€0.5m
-€0.2m
-€0.3m
-€0.6m
▼ 125%
Change in cash
-
€0.4m
€0.03m
-€0.7m
-€0.09m
▲ 86.8%
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Board composition, ACH Build NV (director (executive))
Permanent representative, Eric Leskens
+8 further facts in this act
2013
10-01
State Gazette actReappointments: Artabel Engineering BVBA, Innopa NV and 4 others
8 facts ▸
General meeting, 12-06-2012
Director reappointment, Artabel Engineering BVBA (director)
Director reappointment, Innopa NV (director)
Director reappointment, Vanhout NV (director)
Director reappointment, ACH Build NV (director)
Director reappointment, Lotec BV (director)
Director reappointment, Cegelec NV (director)
Director reappointment, Innopa NV (managing director)
2012
21-05
State Gazette actResignation: Marc Lemaire (representative)
Appointment: Wim Geuens (representative)2 facts ▸
Director resignation, Marc Lemaire (representative)
Director appointment, Wim Geuens (representative)
2010
12-07
State Gazette actReappointment: BB&B Bedrijfsrevisoren (statutory auditor)
Permanent representative: Frank Bloemen2 facts ▸
Auditor reappointment, BB&B Bedrijfsrevisoren
Permanent representative, Frank Bloemen
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
16 of 16 acts read
Directors · office · real estate
Directors and office
Who runs the company and where it is based. It tells you who you are talking to and whether the address checks out.
Directors
Directors
Who runs the company today and since when, grouped the way the CBE groups its function holders. Many recent board changes are a reason to keep a close eye.
4 directors, 1 in day-to-day management, no change since 2025
Board 4
VN
Vanhout nv
Chair of the board · since 25-06-2024 · Director · since 25-06-2024 · Legal entity · perm. rep.: Ronny Eijckmans
Current
AB
ACH Build NV
Director · since 25-06-2024 · Legal entity · perm. rep.: Eric Leskens
Current
LB
Lotec bv
Director · since 25-06-2024 · Legal entity · perm. rep.: Joseph Bronckers
Current
VF
Vinci Facilities Belgium nv
Director · since 25-06-2024 · Legal entity · perm. rep.: Wim Geuens
Current
8 not recently confirmed
Still in office according to the acts, but no act of the last six years confirms the mandate. It has often ended since, in an act we have not read.
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Location & real-estate footprint
Location & real estate
Where the company is based and which parcels are linked to its addresses. An address shared by many companies is often a registered-office service.
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Mandate history
Mandate history
Who held which function and when, per person: one bar per period, from appointment to resignation or to today. An open left edge means the mandate began before the oldest act we hold.
20 people since 2010, 16 in office
Board
Day-to-day management
Statutory auditor
Other function
not recently confirmed
began earlier
Mandates per person, with start and end dates
Name
Functions and periods2010201520202025
ACH Build NV
Director, already before 25-06-2024 to date
Lotec bv
Director, already before 25-06-2024 to date
Vanhout nv
Chair of the board, already before 25-06-2024 to date
Director, already before 25-06-2024 to date
Vinci Facilities Belgium nv
Director, already before 25-06-2024 to date
Innopa NV
Managing director, already before 25-06-2024 to date
Who owns the company and which companies it holds shares in, as the companies file it in their annual accounts. It shows which group it belongs to and who ultimately stands behind it.
The accounts to 31-12-2025 list no holdings, and no other source names one.
According to the 2025 annual accounts of SPORT EN RECREATIE LIER and those of the other companies, the acts in the Belgian Gazette and the LEI register.
The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
Connections & network
Which other companies are linked to this one through directors or shares. Look especially for linked companies in trouble.
3 connected companies
Depth
Shared directors
This companyCompanyDirectorShareholding+N: links not shown yetClick a node to look further, drag to arrange, scroll to zoom.
Of 3,293 companies in this sector we hold annual accounts for 1,500. 734 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Company details
The company's official details: legal form, status, activities and founding date. Useful to draw up an invoice or contract correctly.
Identification
Legal formPublic limited company
Founded17-08-2004
Fiscal year end31-12
Abbreviation NLS&R LIER
Activities, NACEBEL 2025
93110Operation of sports facilities
47639Retail sale of other sporting goods
56301Cafés and bars
93199Other sports activities
E-invoicing
Reachable via Peppol
Peppol ID0208:0867091809
Also9925:BE0867091809
Registered15-09-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.