Sector · NACE 9623

Day spa, sauna and steam bath activities

627 Belgian companies whose main activity falls under NACE code 9623 have filed annual accounts. Their median solvency is 21.1% for financial year 2024.

Companies627
Median solvency21.1%
Median equity14,237 €
Median headcount (FTE)1.7
Founded in the last 3 years64

Sector medians

Computed by Idonis

Distribution across the sector's companies for financial year 2024: a quarter of companies sit below the 1st quartile, half below the median, three quarters below the 3rd quartile.

Indicator1st quartileMedian3rd quartileCompanies
Solvency -31.6%21.1%55.4% 542
Current ratio 0.270.711.75 544
ROE 0.6%15.7%49.2% 344
Equity −18,376 €14,237 €71,348 € 556
Total assets 32,419 €94,820 €290,289 € 553
Net result −6,440 €4,036 €20,468 € 555
Headcount (avg FTE) 0.81.73.1 146

Medians computed by Idonis from annual accounts filed with the National Bank, all sizes combined. The same panel is the sector benchmark on every company page. Method

Largest companies: Day spa, sauna and steam bath activities

Ranked by total assets in the latest filed accounts. This is a size criterion, not an assessment.

#Company Total assetsRevenue EquityFTEYear
1 Immo Morran 3630 Maasmechelen €16.7m €1.83m €8.72m 2.0 2025
2 SN Group 5570 Beauraing €6.96m — €6.93m — 2025
3 Thermen Katara 9111 Sint-Niklaas €6.76m — €2.22m 22.3 2025
4 Zelda 8433 Middelkerke €6.52m — 446,052 € 7.6 2025
5 Thlon 1840 Londerzeel €5.61m — €2.49m 31.7 2025
6 Comercio 8650 Houthulst €5.28m — €1.16m — 2025
7 Future Impact 2550 Kontich €5.05m — €4.61m — 2025
8 Societe d'Exploitation des Thermes de Spa 4900 Spa €4.02m €9.44m €1.47m 60.3 2025
9 Thermen Claireaurik 8800 Roeselare €3.32m — €2.72m — 2025
10 Wavre Country Club 1300 Wavre €3.19m — €2.62m — 2025
11 Sama Développement 1090 Jette €3.02m — 621,471 € 1.0 2025
12 Oxygen-House 1910 Kampenhout €2.88m — €1.48m 3.4 2025
13 Hezemeer 2430 Laakdal €2.73m — 344,305 € 18.6 2025
14 Propolis 9830 Sint-Martens-Latem €2.68m — €1.11m — 2024
15 Multidisciplinaire groepspraktijk De Cirkel 8600 Diksmuide €2.36m — €1.08m — 2025
16 Aquarein 2280 Grobbendonk €2.35m — 641,467 € 16.7 2026
17 Sane-Vantilt 3700 Tongeren-Borgloon €2.00m — 768,861 € 37.2 2025
18 Volcke-Gryp 8610 Kortemark €1.86m — €1.26m — 2025
19 Frasico 7190 Écaussinnes €1.78m — 551,312 € — 2025
20 Bodysun 1200 Woluwe-Saint-Lambert €1.77m — −225,864 € 6.0 2026

“—”: not published. Small companies (micro and abridged accounts) do not have to publish their revenue.

See all 627 companies, full list →

Where are they based?

  • Antwerp116
  • Brussels-Capital109
  • Flemish Brabant76
  • East Flanders71
  • Hainaut62
  • Limburg49
  • West Flanders46
  • Liège40
  • Walloon Brabant29
  • Namur22
  • Luxembourg6

Municipalities with the most

Related sectors

← The whole Personal service activities sector (NACE 96)

Frequently asked questions

How many Day spa, sauna and steam bath activities companies are there in Belgium?

627 Belgian companies whose main activity falls under NACE code 9623 (Day spa, sauna and steam bath activities) have filed annual accounts with the National Bank.

What is the median solvency in Day spa, sauna and steam bath activities?

For financial year 2024, median solvency (equity over total assets) is 21.1%. The middle half of companies lies between -31.6% and 55.4% (542 companies).

What is the largest company in Day spa, sauna and steam bath activities?

By total assets, it is Immo Morran (€16.7m, financial year 2025).

Where are Day spa, sauna and steam bath activities companies based?

The municipalities with the most: Brussels (24), Uccle (15), Etterbeek (14).

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Active companies (legal entities) that have filed at least one set of annual accounts, based on the Crossroads Bank for Enterprises and the National Bank of Belgium. The sector is the main activity in the register; the municipality is that of the registered office. Data updated on 12 Nov 2026.