Basic-Fit stock faces a EUR 39 KBC target ahead of Q3 results

Published on 10/04/2026 at 13:33 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Basic-Fit stock posted EUR 800 million H1 revenue, up 18 percent, in July 2026. KBC sees 3,050 members per club by year-end and a EUR 9 million tax benefit.

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Basic-Fit stock (ISIN NL0011872650) was last at EUR 28.48 on Euronext Amsterdam on October 2, 2026 at 5:35 p.m. CEST, down 0.97 percent. IEX reports that KBC Securities repeated its Buy rating and EUR 39.00 price target ahead of the third-quarter update.

KBC sees membership growth

KBC models an average of 3,050 members per club by the end of 2026, while acquired WellYou clubs had an average of 2,700 members, according to IEX. The same report says Basic-Fit raised its underlying EBITDA less rent outlook from EUR 435 million to EUR 445 million at the half-year results, helped by a EUR 9 million Belgian tax benefit.

Basic-Fit reported H1 2026 revenue of EUR 800 million, an 18 percent increase from EUR 677 million in H1 2025, while its guidance range for underlying EBITDA less rent was raised to EUR 430 million to EUR 460 million, according to FinanzNachrichten.de.

Acquisitions expand the network

On September 10, 2026, Basic-Fit agreed to acquire 26 clubs in Germany and Austria for EUR 26 million in cash, according to FinanzNachrichten.de. The deal would add 18 owned clubs in Austria and eight in Germany, taking the Austrian owned-club footprint from 33 to 51 and the German footprint from 114 to 122.

The key investor question is whether the added locations can reach the profitability of the established network. KBC describes Germany as a more difficult market for franchise conversion, while the 56 Clever Fit clubs are being rebranded under Basic-Fit, according to IEX. That makes membership density and integration progress the clearest operating checks for the next report.

Analysts see upside to target

The published analyst consensus is Buy from 10 analysts, with an average price target of EUR 42.30, according to MarketScreener. The average target lies 48.6 percent above the EUR 28.48 reference price, while the KBC target is EUR 39.00.

Basic-Fit stock stays below yearly high

Basic-Fit stock was last at EUR 28.48 on Euronext Amsterdam on October 2, 2026 at 5:35 p.m. CEST, with a daily change of minus 0.97 percent and a 52-week range of EUR 22.84 to EUR 36.70. Its market capitalization was EUR 1.9 billion on that date.