Basic-Fit N.V. (NL:BFIT)
:BFIT
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Basic Fit N.V.
(BFIT)
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Rating:51Neutral
Price Target:
€34.00
▲(4.29% Upside)
Action:ReiteratedDate:03/13/26
The score is held up by strong revenue growth, improving operating profitability, and solid cash generation, but is meaningfully constrained by very high and rising leverage, thin net margins, weak near-term technical momentum, and an expensive valuation (high P/E) with no dividend support.
Positive Factors
Recurring membership revenue
A subscription-based membership model creates predictable, recurring revenue and higher cash visibility over multi-month horizons. Durable revenue from memberships reduces reliance on one-off sales, supports steady operating cash flow, and underpins scalable unit economics as the network grows.
Negative Factors
Very high leverage
A capital structure dominated by debt sharply reduces financial flexibility and elevates refinancing and interest-rate risk. High leverage magnifies operational shocks, increases fixed interest costs that compress net earnings, and makes investment plans sensitive to credit markets over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring membership revenue
A subscription-based membership model creates predictable, recurring revenue and higher cash visibility over multi-month horizons. Durable revenue from memberships reduces reliance on one-off sales, supports steady operating cash flow, and underpins scalable unit economics as the network grows.
Read all positive factors
Basic Fit N.V. (BFIT) vs. iShares MSCI Netherlands ETF (EWN)
Market Cap
€1.92B
Dividend YieldN/A
Average Volume (3M)104.77K
Price to Earnings (P/E)21.4
Beta (1Y)1.11
Revenue Growth16.89%
EPS Growth85.97%
CountryNL
Employees8,937
SectorGeneral
Sector StrengthN/A
IndustryLeisure
Share Statistics
EPS (TTM)0.29
Shares Outstanding66,000,000
10 Day Avg. Volume154,141
30 Day Avg. Volume104,769
Financial Highlights & Ratios
PEG Ratio1.60
Price to Book (P/B)5.51
Price to Sales (P/S)1.36
P/FCF Ratio5.80
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
€36.80Price Target Upside12.88% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering6
EPS Forecast (FY)1.39
Revenue Forecast (FY)€1.65B
Basic Fit N.V. Business Overview & Revenue Model
Company Description
Basic-Fit N.V. operates fitness clubs. As of March 9, 2022, it operated 223 clubs in the Netherlands, 207 clubs in Belgium, 10 clubs in Luxembourg, 578 clubs in France, and 63 clubs in Spain. The company was founded in 1984 and is headquartered in...
How the Company Makes Money
Basic-Fit primarily makes money through recurring membership fees paid by individuals who subscribe to use its gyms. These subscriptions typically include different tiers (e.g., single-club access vs. broader access and added benefits), generating...
Basic Fit N.V. Financial Statement Overview
Summary
Income Statement
68
Positive
Balance Sheet
32
Negative
Cash Flow
73
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 1.42B | 1.22B | 1.05B | 794.57M | 340.75M |
| Gross Profit | 563.70M | 1.18B | 413.76M | 624.39M | -82.02M |
| EBITDA | 632.50M | 562.70M | 473.84M | 390.59M | 140.97M |
| Net Income | 14.50M | 8.00M | -2.68M | -3.69M | -150.05M |
Balance Sheet | |||||
| Total Assets | 3.91B | 3.54B | 3.23B | 2.85B | 2.55B |
| Cash, Cash Equivalents and Short-Term Investments | 115.00M | 56.10M | 70.73M | 45.55M | 69.90M |
| Total Debt | 3.21B | 2.82B | 2.53B | 2.22B | 1.92B |
| Total Liabilities | 3.56B | 3.13B | 2.83B | 2.45B | 2.14B |
| Stockholders Equity | 350.10M | 411.50M | 355.26M | 405.39M | 410.58M |
Cash Flow | |||||
| Free Cash Flow | 333.10M | 246.90M | 157.80M | 93.47M | -97.64M |
| Operating Cash Flow | 604.60M | 581.80M | 490.40M | 372.64M | 74.47M |
| Investing Cash Flow | -412.70M | -358.50M | -330.50M | -286.18M | -178.11M |
| Financing Cash Flow | -133.60M | -237.50M | -132.50M | -113.06M | 103.34M |
Basic Fit N.V. Technical Analysis
Positive
32.60
Price Trends
30.86
Positive
30.21
Positive
27.77
Positive
Market Momentum
0.65
Negative
57.66
Neutral
76.48
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NL:BFIT, the sentiment is Positive. The current price of 32.6 is above the 20-day moving average (MA) of 30.87, above the 50-day MA of 30.86, and above the 200-day MA of 27.77, indicating a bullish trend. The MACD of 0.65 indicates Negative momentum. The RSI at 57.66 is Neutral, neither overbought nor oversold. The STOCH value of 76.48 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for NL:BFIT.
Basic Fit N.V. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Neutral | €1.66B | ― | ― | 5.07% | 1.75% | -28.77% | |
57 Neutral | €2.41B | 89.47 | 11.48% | 7.57% | -8.69% | -42.98% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
55 Neutral | €343.04M | -38.35 | 0.32% | 12.07% | 1.79% | -182.69% | |
51 Neutral | €1.92B | 21.38 | -1.16% | ― | 16.89% | 85.97% | |
51 Neutral | €370.95M | 35.66 | 5.36% | 7.15% | -10.78% | -89.74% | |
50 Neutral | €486.48M | 2.87 | -12.23% | 6.72% | 2.04% | -203.01% |
* General Sector Average
NL:BFIT
Basic Fit N.V.
29.02
8.72
42.96%
NL:BRNL
Brunel International N.V.
7.36
-1.77
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NL:NSI
NSI NV
17.02
-2.68
-13.61%
NL:LIGHT
Signify NV
19.98
2.11
11.80%
NL:PNL
PostNL N.V.
0.95
0.09
10.79%
NL:HAVAS
Havas NV
16.70
3.51
26.66%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.