Outdoor and team-building company with a strong customer base and unique activities in the Ardennes

An outdoor and team-building company that organizes nature experiences and adventurous group activities in the Ardennes. The company primarily serves schools, youth groups, and businesses in Flanders, combining a strong customer base with activities in a unique natural setting.

The company has a stable annual turnover of approximately €250,000 and solid profitability. Thanks to efficient organization, limited investment needs, and largely automated administration, the company generates attractive free cash flow.

Activities are organized at two complementary locations. On the one hand, at its own operational site featuring natural rock formations and outdoor infrastructure; on the other hand, through a structural partnership with a professional venue offering lodging and catering facilities. This allows the company to offer both day activities and multi-day programs.

Activities

The range of activities consists of guided outdoor activities in nature, aimed at schools, youth groups, and companies:

• via corda and adventure trails on natural rock formations
• rock climbing and high ropes courses
• rappelling, ski lift rescue simulation, and other technical outdoor activities
• zipline and adventure courses
• guided team-building activities and group challenges

The company welcomes a large number of returning school groups annually for multi-day forest school programs. In addition, corporate and team activities are already being organized on a limited scale. This segment also features higher margins of approximately 70 to 80 percent, offering additional growth potential.

Investments and Infrastructure

During and after the COVID-19 pandemic, significant investments were made in both new infrastructure and the modernization of existing facilities. Among other things, a new zipline course was built and opened in the fall of 2025.

At the same time, the existing high ropes and adventure courses were thoroughly renovated to ensure they fully comply with the latest safety standards in the outdoor sector. All high ropes and zipline courses are now equipped with the Saferoller system, which is considered the most advanced and user-friendly safety system in the sector and sets the new standard for safe outdoor experiences.

These investments ensure that the infrastructure is not only future-proof but also offers a strong competitive advantage in terms of safety, ease of use, and quality of experience for participants.

Organization

The company operates with a simple and efficient structure. There is currently one employee responsible for day-to-day operations, including handling requests, preparing quotes, and managing the instructors’ scheduling and payroll.

The current manager is primarily involved in administrative tasks and invoicing. Invoicing is already semi-automated via the Peppol network, making these tasks easily transferable in the event of a takeover.

Furthermore, the current margin structure is based on an organization in which neither the permanent employee nor the manager themselves are required to lead groups. If a buyer chooses to actively lead groups themselves, this could further increase profitability.

Strengths

• Normalized EBITDA of €95,000 (38% margin).
• Free cash flow of around €70,000 per year with limited investment needs due to recent major investments in infrastructure (+- €200,000).
• Strong and loyal customer base of schools and groups from Flanders.
• Activities take place directly in nature, creating a unique positioning within the sector.
• Administration and invoicing largely automated via Peppol.
• Easily transferable operations thanks to a simple organizational structure.
• Structural partnership with a large estate offering lodging, catering, and infrastructure, enabling scalability for larger groups and corporate programs.

• Structural collaboration with local partners such as the CAB (Club Alpin Belge), which is responsible for maintaining the rock formations.

Growth Potential

The company is currently utilizing only a portion of its operational capacity. The number of concurrent groups can be increased relatively easily, which has a direct impact on revenue without significant additional investments.

In addition, demand for outdoor activities and nature experiences is growing among both schools and businesses. In particular, corporate team-building and corporate programs represent an attractive growth segment with higher margins and strong scalability.

Thanks to its existing modernized infrastructure, long-standing partnerships with partner locations, and strong reputation in the school market, the company has a solid foundation for further expansion.

Key figures

Revenue: approximately €250,000 per year
Normalized EBITDA: approximately €95,000 (±38% margin)
Free cash flow: approximately €70,000 per year

Acquisition Profile

This company is particularly suitable for:

• entrepreneurs active in outdoor activities, recreation, or events
• companies looking to expand their offerings in team building or corporate events
• investors looking for a profitable business with stable cash flow
• strategic players in tourism, hospitality, or group activities

The company combines financial stability with clear growth potential and is readily transferable from an operational standpoint.

The company is being offered with a view to a full transfer of ownership. Further information and financial data are available upon signing a non-disclosure agreement (NDA).

Market Dynamics

The market for outdoor experiences and adventurous group activities is growing rapidly:

• rising demand from schools (experiential learning)
• increasing demand for corporate team-building
• growth in nature tourism and group experiences

High rate of repeat customers, particularly schools and regular groups

Operational scalability

• Current capacity: 2 groups per day, ±130 active days per year
• Potential: 3–4 groups per day, approximately 250 operating days per year → direct revenue growth with limited additional costs

Investment level

Due to the intensive investments made in recent years, operations require only a marginal annual investment level, allowing the company to operate with relatively low CAPEX.

New developments

Starting in 2026, a new concept for competitive business activities is planned under the name “corporate trophies.” This concept has already been developed and is ready for implementation, and specifically targets the business segment where higher margins and strong growth expectations exist.

The long-term partnership with a major professional venue offering lodging, catering, and meeting facilities creates additional opportunities for further growth in the corporate segment.

This partnership makes it possible to:

• organize multi-day corporate programs and initiatives
• achieve a higher average spend per customer
• offer an attractive platform for the further development of corporate activities.