Basic-Fit N.V.
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Basic-Fit N.V. - overview
Established
2013
Location
-, -, Netherlands
Primary Industry
Travel & Leisure
About
Based in the Netherlands, Basic-Fit N. V. is a fitness company that provides affordable gym memberships and services across multiple countries, promoting healthier lifestyles through accessibility and convenience. Basic-Fit N.
V. is a fitness company that operates a network of gyms offering memberships for unlimited access to fitness facilities. Founded in 2013 in the Netherlands, it has experienced growth and development in its offerings without notable business pivots. The company was acquired by 3i Group in November 2013 for EUR 275 million, with 3i investing EUR 100 million for a 55 percent stake.
The CEO of Basic-Fit is Rene Moos. Since its inception, Basic-Fit has completed a total of 4 deals, with the most recent deal occurring on November 21, 2013. The latest funding round was a Private Placement/Follow-on, raising EUR 133. 30 mn, which also represents the total amount raised to date.
Basic-Fit provides fitness club memberships that allow members unlimited access to its extensive network of gyms in several countries, including Belgium, Germany, Spain, France, Luxembourg, and the Netherlands. The offerings include modern gym facilities equipped with diverse exercise equipment, group fitness classes, and personal training services tailored to a wide range of fitness needs. The company's services cater to various clientele, including fitness enthusiasts and individuals with specific health goals, emphasizing affordability and convenience to promote healthier lifestyles. In 2023, Basic-Fit reported a revenue of EUR 1,133,534,661.
20 and an EBITDA of EUR 519,947,804. 20. The company generates income primarily through subscription-based membership plans, which include individual, family, and short-term options, providing a reliable revenue stream while maintaining a close relationship with its clients through personalized services and fitness classes. Basic-Fit plans to enhance its offerings further and expand into new markets, targeting additional European countries for growth by 2025.
The funding secured through the latest deal will support the rollout of new gym locations and the introduction of innovative fitness programs tailored to specific demographics. The funds will also be utilized to upgrade existing facilities to meet growing consumer demands.
Primary Industry
Travel & Leisure
Sub Industries
Fitness & Wellness Facilities
Website
www.basic-fit.com/
Verticals
Mobile Apps
Company Stage
Mature
Total Amount Raised
Subscriber access only
Basic-Fit N.V. - timeline of key events
Basic-Fit N.V. - financials
| Fiscal Year Ended | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 |
|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 258,561,000 | 325,831,000 | 401,784,000 | 515,159,000 | 376,811,000 | - | - | - |
| % Revenue Growth (YoY) | - | 26.0% | 23.3% | 28.2% | (26.9%) | - | - | - |
| EBITDA (USD) | 68,994,000 | 96,045,000 | 119,297,000 | 264,603,000 | 141,084,000 | - | - | - |
| Operating Income (USD) | 4,035,000 | 21,342,000 | 31,679,000 | 53,887,000 | (118,172,000) | - | - | - |
| Operating Margin | 1.6% | 6.6% | 7.9% | 10.5% | (31.4%) | - | - | - |
| % EBITDA Margin | 26.7% | 29.5% | 29.7% | 51.4% | 37.4% | - | - | - |
| NET Income (USD) | (32,373,000) | 11,127,000 | 17,594,000 | 11,048,000 | (125,188,000) | - | - | - |
| % Net Margin | (12.5%) | 3.4% | 4.4% | 2.1% | (33.2%) | - | - | - |
Basic-Fit N.V. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Private Placement/Follow on | Completed | Basic-Fit N.V. | - | ||||||||
| Private Placement/Follow on | Completed | Basic-Fit N.V. | - | ||||||||
| IPO | Completed | Basic-Fit N.V. | - | ||||||||
| Buyout | Completed | Basic-Fit N.V. | - |
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Basic-Fit N.V. - employee data
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