ACTIVE

Koninklijke Golf Club van België

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Financial year 2025 · Closed on 31/12/2025

Net result91,8 k €-77,4 %over 1 year

Gross margin1,9 M €-11,5 %over 1 year

Equity5,9 M €+1,6 %over 1 year

Workforce22,0 ETP+12,2 %over 1 year

Identity

Source · BCE/KBO

Koninklijke Golf Club van België is a Non-profit organization incorporated in 1969. Its main activity is: Operation of sports facilities. Its registered office is in Tervuren. It employs on average 22,0 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0406.561.543
Incorporation: 23/05/1969
Legal form: Non-profit organization
Registered office: Ravenstein ZN
3080 Tervuren · FlandreSee on map
Latest accounts: 31/12/2025
Average workforce: 22,0 ETP

Activities (NACE)

93110Operation of sports facilities· main 93110Operation of sports facilities 93123Activities of sports clubs 93123Activities of sports clubs

Joint committees (2)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 20 filings

Trend over 19 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	1,9 M €	-11.5%	2,1 M €	+30.8%	1,6 M €	-2.3%	1,6 M €	+1.1%	1,6 M €
EBITDA	601,8 k €	-28.4%	840,8 k €	+49.6%	561,9 k €	-20.2%	704,5 k €	-7.8%	764 k €
Operating result	71,3 k €	-80.9%	373,9 k €	+234%	111,9 k €	-61.6%	291,3 k €	-15.1%	343,2 k €
Net result	91,8 k €	-77.4%	405,8 k €	+259%	113,2 k €	-60.7%	288,1 k €	-15.3%	340,3 k €
Balance sheet
Equity	5,9 M €	+1.6%	5,8 M €	+7.5%	5,4 M €	+2.1%	5,3 M €	+5.8%	5 M €
Total assets	7,3 M €	+5.3%	7 M €	+2.6%	6,8 M €	+7.2%	6,3 M €	+7.0%	5,9 M €
Cash	1,1 M €	+76.0%	636,1 k €	+6.9%	594,9 k €	-75.3%	2,4 M €	+9.8%	2,2 M €
Debts	1,3 M €	+24.7%	1,1 M €	+15.6%	915,8 k €	-6.6%	980,1 k €	+13.0%	867,2 k €
Other
Workforce	22,0 ETP	+12.2%	19,6 ETP	+3.2%	19,0 ETP	-3.6%	19,7 ETP	+2.1%	19,3 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

12 active · 49 ended

Active mandates

Director	Function	Mandate	Other mandatescurrentendedstruck offbankruptcies
Charles-Henri de STREEL	Director	23/03/2024 → 31/03/2030	00
Sybille GENDEBIEN de BARSY	Director	23/03/2024 → 31/03/2030
François GILLET	Director	since 22/03/2022	000
Jean-François LIMAUGE	Director	22/03/2022 → 31/03/2028	000
Fabienne VELGE	Director	07/09/2021 → 07/09/2027	00
Sophie LIMPENS	Director	07/09/2021 → 07/09/2027	000
Antoine BLONDEAU	Chairman of the board of directors	16/06/2020 → 31/03/2027	00
Kathleen EMSENS	Director	16/06/2020 → 31/03/2026
Charles MARIEN	Director	since 19/03/2019	00
Cedric de WOOT de JANNEE	Director	until 31/03/2030
Christophe PIRLOT	Director	until 31/03/2027
Jean VAN DER SPEK	Director	until 31/03/2030	0

Ended mandates

Director	Function	Mandate	Other mandatescurrentendedstruck offbankruptcies
François GILLET	Director	22/03/2022 → 31/03/2025	000
Jean-François LIMAUGE	Director	since 22/03/2022	000
Fabienne VELGE	Director	since 07/09/2021	00
Sophie LIMPENS	Director	since 07/09/2021	000

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged 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	24/03/2026	02/04/2025	08/04/2024	01/04/2023	30/03/2022	24/06/2021
General meeting	17/03/2026	18/03/2025	19/03/2024	21/03/2023	22/03/2022	15/06/2021
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, 20 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	17/03/2026	24/03/2026	Dutch	PDF
Abridged model	31/12/2024	18/03/2025	02/04/2025	Dutch	PDF
Abridged model	31/12/2023	19/03/2024	08/04/2024	Dutch	PDF
Abridged model	31/12/2022	21/03/2023	01/04/2023	Dutch	PDF
Abridged model	31/12/2021	22/03/2022	30/03/2022	Dutch	PDF
Abridged model	31/12/2020	15/06/2021	24/06/2021	Dutch	PDF
Abridged model	31/12/2019	16/06/2020	19/06/2020	Dutch	PDF
Abridged model	31/12/2018	19/03/2019	25/03/2019	Dutch	PDF
Abridged model	31/12/2017	13/03/2018	23/03/2018	Dutch	PDF
Abridged model	31/12/2016	14/03/2017	04/04/2017	Dutch	PDF
Abridged model	31/12/2015	15/03/2016	22/03/2016	Dutch	PDF
Abridged model	31/12/2014	17/03/2015	27/03/2015	Dutch	PDF
Abridged model	31/12/2013	18/03/2014	28/03/2014	Dutch	PDF
Abridged model	31/12/2012	19/03/2013	21/03/2013	Dutch	PDF
Abridged model	31/12/2011	20/03/2012	28/03/2012	Dutch	PDF
Abridged model	31/12/2010	15/03/2011	28/03/2011	Dutch	PDF
Abridged model	31/12/2009	16/03/2010	30/03/2010	Dutch	PDF
Abridged model	31/12/2008	24/03/2009	23/04/2009	Dutch	PDF
Abridged model	31/12/2007	18/03/2008	27/06/2008	Dutch	PDF
Abridged model	31/12/2006	20/03/2007	22/11/2007	Dutch	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 M€

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

12 active · 49 ended

Active mandates

Director	Function	Mandate	Other mandatescurrentendedstruck offbankruptcies
Charles-Henri de STREEL	Director	23/03/2024 → 31/03/2030	00
Sybille GENDEBIEN de BARSY	Director	23/03/2024 → 31/03/2030
François GILLET	Director	since 22/03/2022	000
Jean-François LIMAUGE	Director	22/03/2022 → 31/03/2028	000
Fabienne VELGE	Director	07/09/2021 → 07/09/2027	00
Sophie LIMPENS	Director	07/09/2021 → 07/09/2027	000
Antoine BLONDEAU	Chairman of the board of directors	16/06/2020 → 31/03/2027	00
Kathleen EMSENS	Director	16/06/2020 → 31/03/2026
Charles MARIEN	Director	since 19/03/2019	00
Cedric de WOOT de JANNEE	Director	until 31/03/2030
Christophe PIRLOT	Director	until 31/03/2027
Jean VAN DER SPEK	Director	until 31/03/2030	0

Ended mandates

Director	Function	Mandate	Other mandatescurrentendedstruck offbankruptcies
François GILLET	Director	22/03/2022 → 31/03/2025	000
Jean-François LIMAUGE	Director	since 22/03/2022	000
Fabienne VELGE	Director	since 07/09/2021	00
Sophie LIMPENS	Director	since 07/09/2021	000

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates08/09/2026
ONTSLAGEN, BENOEMINGEN
PDF
Other13/11/2025
DIVERSEN
PDF
Other03/10/2025
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates04/06/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates04/06/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates12/06/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates23/12/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates16/09/2020
ONTSLAGEN - BENOEMINGEN
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 202591,8 k €↓
2024
Annual accounts 2024405,8 k €↑
2023
Annual accounts 2023113,2 k €↓
2022
Annual accounts 2022288,1 k €↓
2021
Annual accounts 2021340,3 k €↓
2020
Annual accounts 2020821,9 k €↑
2019
Annual accounts 2019442,7 k €↑
2018
Annual accounts 2018330,9 k €↓
2017
Annual accounts 20171,3 M €↑
2016
Annual accounts 2016162,8 k €↓
2015
Annual accounts 2015185,2 k €↑
2014
Annual accounts 2014-24 k €↑
2013
Annual accounts 2013-310,2 k €↓
2012
Annual accounts 2012-188,6 k €↓
2011
Annual accounts 2011197,1 k €↑
2010
Annual accounts 2010-29,7 k €↓
2009
Annual accounts 2009512,3 k €↑
2008
Annual accounts 200876,6 k €↓
2007
Annual accounts 2007163,7 k €
23/05/1969
IncorporationNon-profit organization

Koninklijke Golf Club van België

Overview

Identity

Financials

Valuation

Indicative valuation

Board of directors

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