ACTIVE

Golf Club des Fagnes à Spa

Financial year 2025 · Closed on 31/12/2025

Net result-11,7 k €-1 738,5 %over 1 year

Gross margin-1,1 k €-106,0 %over 1 year

Equity22,6 k €-34,2 %over 1 year

Identity

Source · BCE/KBO

Golf Club des Fagnes à Spa is a Cooperative company with limited liability incorporated in 1968. Its registered office is in Spa.

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0402.277.905
Incorporation: 01/01/1968
Legal form: Cooperative company with limited liability
Registered office: Chemin du Golf 1
4900 Spa · WallonieSee on map
Contributed capital: 65 443,89 €
Latest accounts: 31/12/2025

Contacts

1 public detail availableLog in to view

Signals

Solid equity

Financials

Source · NBB, 19 filings

Trend over 19 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	-1,1 k €	-106%	19 k €	+108%	9,2 k €	+59.8%	5,7 k €	+83.3%	3,1 k €
EBITDA	-11,6 k €	-1049%	1,2 k €	+44.6%	848,8 €	-74.8%	3,4 k €	+617%	470,1 €
Operating result	-11,6 k €	-1049%	1,2 k €	+44.6%	848,8 €	-74.8%	3,4 k €	+617%	470,1 €
Net result	-11,7 k €	-1738%	716,4 €	+36.3%	525,4 €	-81.0%	2,8 k €	+3117%	85,8 €
Balance sheet
Equity	22,6 k €	-34.2%	34,4 k €	+2.1%	33,7 k €	+1.6%	33,1 k €	+9.1%	30,4 k €
Total assets	36,2 k €	-0.6%	36,4 k €	-16.4%	43,5 k €	+20.4%	36,2 k €	+19.1%	30,4 k €
Cash	11,2 k €	+168%	4,2 k €	-73.1%	15,6 k €	+103%	7,7 k €	+56.5%	4,9 k €
Debts	13,5 k €	+577%	2 k €	-79.7%	9,9 k €	+226%	3 k €		0 €

Valuation

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

9 active · 53 ended

Active mandates

Royal Golf Club des Fagnes

Vice-chairman of the board of directors · since 29 mai 2019 · until 30 juin 2029 · 0421.461.238

Represented by Pierre WEERTS

Active

Royal Golf Club des Fagnes

Managing director · since 29 mai 2019 · until 30 juin 2029 · 0421.461.238

Represented by Roland MOURAUX

Active

Baudouin JACQUES

Mandate

Active

Claude BROUET

Mandate

Active

Françoise GUYOT

Mandate

Active

Jean-Pierre LITT

Mandate

Active

Jean-Pol ROUSSAUX

Mandate

Active

Michel PAROTTE

Mandate

Active

Roland MOURAUX

Mandate

Active

Ended mandates

Claude BROUET

Director · since 06 janvier 2025 · until 30 juin 2029

Ended

Jean-Pierre LITT

Director · since 06 janvier 2025 · until 30 juin 2029

Ended

Pierre WEERTS

Chairman of the board of directors · since 16 février 2024 · until 30 juin 2029

Ended

Pierre WEERTS

Managing director · since 16 février 2024 · until 30 juin 2029

Ended

Other companies at this address

Chemin du Golf 1 4900 Spa

Company	CBE no.
Proshop Europe● Active	0696.586.296
Royal Golf Club des Fagnes● Active	0421.461.238

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	28/08/2026	29/08/2025	26/09/2024	30/08/2023	26/08/2022	21/09/2021
General meeting	30/06/2026	30/06/2025	30/06/2024	22/06/2023	22/06/2022	17/09/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 19 filings

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/12/2025	30/06/2026	28/08/2026	French	PDF
Micro model	31/12/2024	30/06/2025	29/08/2025	French	PDF
Micro model	31/12/2023	30/06/2024	26/09/2024	French	PDF
Micro model	31/12/2022	22/06/2023	30/08/2023	French	PDF
Micro model	31/12/2021	22/06/2022	26/08/2022	French	PDF
Micro model	31/12/2020	17/09/2021	21/09/2021	French	PDF
Micro model	31/12/2019	16/10/2020	26/10/2020	French	PDF
Micro model	31/12/2018	25/06/2019	21/08/2019	French	PDF
Micro model	31/12/2017	25/06/2018	19/07/2018	French	PDF
Micro model	31/12/2016	16/06/2017	22/06/2017	French	PDF
Abridged model	31/12/2015	16/06/2017	28/06/2017	French	PDF
Abridged model	31/12/2014	22/06/2015	06/07/2015	French	PDF
Abridged model	31/12/2012	11/06/2013	30/08/2013	French	PDF
Abridged model	31/12/2011	12/06/2012	25/06/2012	French	PDF
Abridged model	31/12/2010	28/06/2011	25/08/2011	French	PDF
Abridged model	31/12/2009	08/06/2010	30/07/2010	French	PDF
Abridged model	31/12/2008	09/06/2009	12/06/2009	French	PDF
Abridged model	31/12/2007	10/06/2008	11/06/2008	French	PDF
Abridged model	31/12/2006	12/06/2007	13/06/2007	French	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Board of directors

Source · NBB, accounts to 31/12/2025

9 active · 53 ended

Active mandates

Royal Golf Club des Fagnes

Vice-chairman of the board of directors · since 29 mai 2019 · until 30 juin 2029 · 0421.461.238

Represented by Pierre WEERTS

Active

Royal Golf Club des Fagnes

Managing director · since 29 mai 2019 · until 30 juin 2029 · 0421.461.238

Represented by Roland MOURAUX

Active

Baudouin JACQUES

Mandate

Active

Claude BROUET

Mandate

Active

Françoise GUYOT

Mandate

Active

Jean-Pierre LITT

Mandate

Active

Jean-Pol ROUSSAUX

Mandate

Active

Michel PAROTTE

Mandate

Active

Roland MOURAUX

Mandate

Active

Ended mandates

Claude BROUET

Director · since 06 janvier 2025 · until 30 juin 2029

Ended

Jean-Pierre LITT

Director · since 06 janvier 2025 · until 30 juin 2029

Ended

Pierre WEERTS

Chairman of the board of directors · since 16 février 2024 · until 30 juin 2029

Ended

Pierre WEERTS

Managing director · since 16 février 2024 · until 30 juin 2029

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates21/11/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates28/06/2022
DEMISSIONS, NOMINATIONS
PDF
Mandates04/09/2019
DEMISSIONS, NOMINATIONS
PDF
Registered office20/02/2015
SIEGE SOCIAL
PDF
Mandates17/07/2013
DEMISSIONS, NOMINATIONS
PDF
Mandates28/06/2012
DEMISSIONS, NOMINATIONS
PDF
Mandates29/08/2011
DEMISSIONS, NOMINATIONS
PDF
Mandates16/09/2010
DEMISSIONS, NOMINATIONS
PDF

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

2025
Annual accounts 2025-11,7 k €↓
2024
Annual accounts 2024716,4 €↑
2023
Annual accounts 2023525,4 €↓
2023
Name changeGOLF CLUB DES FAGNES SC
2022
Annual accounts 20222,8 k €↑
2021
Annual accounts 202185,8 €↑
2021
Name changeGolf Club des Fagnes à Spa
2020
Annual accounts 2020-1,9 k €↓
2019
Annual accounts 20191,5 k €↑
2018
Annual accounts 2018660,5 €↓
2017
Annual accounts 20171,3 k €↑
2016
Annual accounts 2016-2,7 k €↓
2015
Annual accounts 2015903,7 €↓
2014
Annual accounts 20141,1 k €↑
2012
Annual accounts 2012467,5 €↑
2011
Annual accounts 2011-326,1 €↓
2010
Annual accounts 2010372,3 €↑
2009
Annual accounts 200955,2 €↓
2008
Annual accounts 20083,8 k €↑
2007
Annual accounts 2007-10,8 €↓
2006
Annual accounts 200635,4 €
01/01/1968
IncorporationCooperative company with limited liability

Golf Club des Fagnes à Spa

Overview

Identity

Financials

Valuation

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline

Timeline