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Basic Fit N.V.
(BFIT)
Select Model
Select Model
Rating:61Neutral
Price Target:
€37.00
▲(9.99% Upside)
Action:Reiterated
Date:08/06/26
The score is primarily driven by solid operational performance and cash generation, but is held back by very high leverage and thin net profitability. Technically, the trend is positive with supportive momentum, while the valuation is a meaningful headwind due to a high P/E and no dividend yield provided.
Positive Factors
Recurring subscription revenue
A subscription-based membership model creates stable, recurring revenue and predictable cashflow that supports long-term planning. Scale across a large club network dilutes fixed costs, enhances unit economics over time, and underpins resilient demand even through economic cycles.
Negative Factors
Very high leverage
A capital structure dominated by debt materially reduces financial flexibility and raises refinancing risk. High leverage amplifies earnings volatility from interest rates or lending conditions and constrains the company’s ability to absorb shocks or opportunistically invest without raising costly capital.
Read all positive and negative factors
Positive Factors
Negative Factors
Recurring subscription revenue
A subscription-based membership model creates stable, recurring revenue and predictable cashflow that supports long-term planning. Scale across a large club network dilutes fixed costs, enhances unit economics over time, and underpins resilient demand even through economic cycles.
Read all positive factors
Basic Fit N.V. (BFIT) vs. iShares MSCI Netherlands ETF (EWN)
Market Cap
€2.26B
Dividend YieldN/A
Average Volume (3M)139.64K
Price to Earnings (P/E)47.9
Beta (1Y)1.22
Revenue Growth18.03%
EPS GrowthN/A
CountryNL
Employees7,906
SectorGeneral
Sector StrengthN/A
IndustryLeisure
Share Statistics
EPS (TTM)0.71
Shares Outstanding66,000,000
10 Day Avg. Volume113,970
30 Day Avg. Volume139,640
Financial Highlights & Ratios
PEG Ratio1.61
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
€39.83Price Target Upside18.41% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering3
EPS Forecast (FY)1.45
Revenue Forecast (FY)€1.67B
Basic Fit N.V. Business Overview & Revenue Model
Company Description
Basic-Fit N.V. is a company dedicated to the operation of health and fitness clubs. On March 9, 2022, its extensive network comprised 223 facilities in the Netherlands, 207 in Belgium, 10 in Luxembourg, a considerable 578 throughout France, and 63...
How the Company Makes Money
Basic-Fit primarily makes money through recurring membership subscriptions that grant customers access to its gyms. Membership fees are typically billed on a recurring basis and represent the core revenue stream, benefiting from scale as the club ...
Basic Fit N.V. Financial Statement Overview
Summary
Income Statement
68
Positive
Balance Sheet
32
Negative
Cash Flow
73
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.54B | 1.42B | 1.22B | 1.05B | 794.57M | 340.75M |
| Gross Profit | 630.30M | 563.70M | 1.18B | 413.76M | 624.39M | -82.02M |
| EBITDA | 699.00M | 632.50M | 562.70M | 473.84M | 390.59M | 140.97M |
| Net Income | 45.50M | 14.50M | 8.00M | -2.68M | -3.69M | -150.05M |
Balance Sheet | ||||||
| Total Assets | 3.83B | 3.91B | 3.54B | 3.23B | 2.85B | 2.55B |
| Cash, Cash Equivalents and Short-Term Investments | 144.70M | 115.00M | 56.10M | 70.73M | 45.55M | 69.90M |
| Total Debt | 3.13B | 3.21B | 2.82B | 2.53B | 2.22B | 1.92B |
| Total Liabilities | 3.44B | 3.56B | 3.13B | 2.83B | 2.45B | 2.14B |
| Stockholders Equity | 390.40M | 350.10M | 411.50M | 355.26M | 405.39M | 410.58M |
Cash Flow | ||||||
| Free Cash Flow | 431.80M | 333.10M | 246.90M | 157.80M | 93.47M | -103.48M |
| Operating Cash Flow | 641.90M | 604.60M | 581.80M | 490.40M | 372.64M | 74.47M |
| Investing Cash Flow | -358.40M | -412.70M | -358.50M | -330.50M | -286.18M | -178.11M |
| Financing Cash Flow | -175.50M | -133.60M | -237.50M | -132.50M | -113.06M | 103.34M |
Basic Fit N.V. Technical Analysis
Positive
33.64
Price Trends
33.40
Positive
31.93
Positive
31.10
Positive
Market Momentum
0.18
Negative
54.83
Neutral
80.12
Negative
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 33.64 is below the 20-day moving average (MA) of 33.92, above the 50-day MA of 33.40, and above the 200-day MA of 31.10, indicating a bullish trend. The MACD of 0.18 indicates Negative momentum. The RSI at 54.83 is Neutral, neither overbought nor oversold. The STOCH value of 80.12 is Negative, 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 Outperform | €1.81B | 8.91 | ― | 4.44% | 0.55% | 14.52% | |
61 Neutral | €2.26B | 47.89 | 12.29% | ― | 18.03% | ― | |
59 Neutral | €335.79M | -19.86 | -2.54% | 13.97% | -3.75% | -1040.34% | |
56 Neutral | €1.87B | 11.91 | 5.85% | 10.21% | -9.13% | -52.64% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | €373.91M | 47.60 | 2.96% | 0.81% | -6.35% | -48.21% | |
42 Neutral | €462.34M | 23.70 | 12.30% | 4.51% | 2.04% | -203.01% |
* General Sector Average
NL:BFIT
Basic Fit N.V.
34.00
8.72
34.49%
NL:BRNL
Brunel International N.V.
7.35
-0.49
-6.24%
NL:NSI
NSI NV
16.68
-2.79
-14.31%
NL:LIGHT
Signify NV
15.37
-5.96
-27.95%
NL:PNL
PostNL N.V.
0.89
-0.05
-5.54%
NL:HAVAS
Havas NV
18.00
3.70
25.87%
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.