ACTIVE

Federation Royale Belge de Golf - Koninklijke Belgische Golffederatie

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Financial year 2025 · Closed on 31/12/2025

Net result216,6 k €-40,1 %over 1 year

Gross margin887,7 k €+22,8 %over 1 year

Equity1,6 M €+15,2 %over 1 year

Workforce5,8 ETP+11,5 %over 1 year

Identity

Source · BCE/KBO

Federation Royale Belge de Golf - Koninklijke Belgische Golffederatie is a Non-profit organization incorporated in 1947. Its main activity is: Gambling and betting activities. Its registered office is in Zaventem. It employs on average 5,8 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0409.579.629
Incorporation: 01/01/1947
Legal form: Non-profit organization
Registered office: du Roy de Blicquylaan 15 box 2
1933 Zaventem · FlandreSee on map
Latest accounts: 31/12/2025
Average workforce: 5,8 ETP

Activities (NACE)

92621Gambling and betting activities· main 92623Gambling and betting activities 93191Other sports activities 93191Other sports activities 93199Other sports activities 93199Other sports activities

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 28 filings

Trend over 19 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	887,7 k €	+22.8%	722,7 k €	+1.1%	714,6 k €	+72.2%	414,9 k €	-50.0%	829,8 k €
EBITDA	316,4 k €	-24.7%	420,4 k €	+4.8%	401,1 k €	+133%	171,8 k €	-32.0%	252,8 k €
Operating result	221,2 k €	-39.1%	363,3 k €	+5.9%	342,9 k €	+192%	117,3 k €	-45.1%	213,5 k €
Net result	216,6 k €	-40.1%	361,6 k €	+8.6%	332,9 k €	+199%	111,3 k €	-47.4%	211,7 k €
Balance sheet
Equity	1,6 M €	+15.2%	1,4 M €	+34.0%	1,1 M €	+45.5%	732,3 k €	+17.9%	621,1 k €
Total assets	1,8 M €	+1.3%	1,8 M €	+6.4%	1,7 M €	+1.7%	1,6 M €	+27.0%	1,3 M €
Cash	1 M €	-5.8%	1,1 M €	+16.9%	944,5 k €	+27.5%	740,9 k €	-31.4%	1,1 M €
Debts	136,3 k €	-58.7%	330 k €	-13.4%	381,1 k €	-29.1%	537,7 k €	+280%	141,5 k €
Other
Workforce	5,8 ETP	+11.5%	5,2 ETP	+15.6%	4,5 ETP		–		4,5 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

8 active · 26 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Carole FERRER	MandateDirectorsince 14/04/2019ended
EMMANUEL ROMBOUTS	MandateChairman of the board of directorssince 26/04/2017ended
PIET VANDENBUSSCHE	MandateDirectorsince 26/04/2017ended
DANIEL DUFRASNE	MandateDirectorended
FREDERIC THEYS	Mandate
NATHALIE NYSSEN	Mandate
NATHALIE VERHAEGEN	Mandate
PAUL VAN DEN EYNDE	Mandate

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Daniel APPELMANS	Directorsince 24/04/2019
ADRIEN COLMANT	Directorsince 26/04/2017
CEDRIC DE WOOT	Directorsince 26/04/2017
JAN BAERT	Directorsince 26/04/2017

Other companies at this address

du Roy de Blicquylaan 15 1933 Zaventem

Company	CBE no.
GOLF VLAANDEREN● Active	0476.916.039
GREENKEEPERS ASSOCIATION OF BELGIUM● Active	0438.404.564
HOCKEY BELGIUM COMPANY● Active	0759.600.763
Hockey Vlaanderen● Active	0846.518.307
IceLake Belgium● Active	1009.708.632
ILC BE GP● Active	1025.917.035
ILC Privak● Active	1025.979.589

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Micro 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	15/06/2026	04/08/2025	29/05/2024	27/06/2023	02/06/2022	22/06/2021
General meeting	22/04/2026	23/04/2025	24/04/2024	26/04/2023	27/04/2022	16/06/2021
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, 28 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	22/04/2026	15/06/2026	French	PDF
Abridged model	31/12/2025	22/04/2026	15/06/2026	Dutch	PDF
Abridged model	31/12/2024	23/04/2025	04/08/2025	French	PDF
Abridged model	31/12/2024	23/04/2025	04/08/2025	Dutch	PDF
Abridged model	31/12/2023	24/04/2024	29/05/2024	French	PDF
Abridged model	31/12/2023	24/04/2024	29/05/2024	Dutch	PDF
Micro model	31/12/2022	26/04/2023	27/06/2023	French	PDF
Micro model	31/12/2022	26/04/2023	27/06/2023	Dutch	PDF
Abridged model	31/12/2021	27/04/2022	02/06/2022	Dutch	PDF
Abridged model	31/12/2021	27/04/2022	01/06/2022	French	PDF
Abridged model	31/12/2020	16/06/2021	22/06/2021	Dutch	PDF
Abridged model	31/12/2020	16/06/2021	22/06/2021	French	PDF
Abridged model	31/12/2019	01/07/2020	06/07/2020	Dutch	PDF
Abridged model	31/12/2019	01/07/2020	06/07/2020	French	PDF
Abridged model	31/12/2018	24/04/2019	03/05/2019	Dutch	PDF
Abridged model	31/12/2018	24/04/2019	03/05/2019	French	PDF
Abridged model	31/12/2017	25/04/2018	02/05/2018	French	PDF
Abridged model	31/12/2016	26/04/2017	22/06/2017	French	PDF
Abridged model	31/12/2015	27/04/2016	13/07/2016	French	PDF
Abridged model	31/12/2014	22/04/2015	29/02/2016	French	PDF
Abridged model	31/12/2013	23/04/2014	29/12/2014	French	PDF
Abridged model	31/12/2012	24/04/2013	06/03/2014	French	PDF
Abridged model	31/12/2011	25/04/2012	08/08/2012	French	PDF
Abridged model	31/12/2010	27/04/2011	11/05/2011	French	PDF
Abridged model	31/12/2009	28/04/2010	30/08/2010	French	PDF
Abridged model	31/12/2008	22/04/2009	12/08/2009	French	PDF
Abridged model	31/12/2007	25/04/2008	29/07/2008	French	PDF
Abridged model	31/12/2006	25/04/2007	31/08/2007	French	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 5 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

8 active · 26 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Carole FERRER	MandateDirectorsince 14/04/2019ended
EMMANUEL ROMBOUTS	MandateChairman of the board of directorssince 26/04/2017ended
PIET VANDENBUSSCHE	MandateDirectorsince 26/04/2017ended
DANIEL DUFRASNE	MandateDirectorended
FREDERIC THEYS	Mandate
NATHALIE NYSSEN	Mandate
NATHALIE VERHAEGEN	Mandate
PAUL VAN DEN EYNDE	Mandate

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Daniel APPELMANS	Directorsince 24/04/2019
ADRIEN COLMANT	Directorsince 26/04/2017
CEDRIC DE WOOT	Directorsince 26/04/2017
JAN BAERT	Directorsince 26/04/2017

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates19/05/2025
DEMISSIONS, NOMINATIONS
PDF
Mandates19/05/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates12/06/2023
DEMISSIONS, NOMINATIONS
PDF
Mandates12/06/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates27/03/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates27/03/2023
DEMISSIONS, NOMINATIONS
PDF
Registered office27/03/2023
MAATSCHAPPELIJKE ZETEL - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Registered office27/03/2023
SIEGE SOCIAL - STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, )
PDF

Similar companies

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

See the Business plan

Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation1947

Name

Registered office

Annual accounts

Filings19 filings

Mandates

Carole FERRER

Daniel APPELMANS

PHILIPPE DELHAYE

JEAN BAUGNIET

LUC FEREMANS

JAN BAERT

EMMANUEL ROMBOUTS

CEDRIC DE WOOT

PIET VANDENBUSSCHE

ADRIEN COLMANT

EMMANUEL ROLIN JACQUEMYNS

MARC VANDERSTICHELEN

and 1 more mandate

1966196719681969197019711972197319741975197619771978197919801981198219831984198519861987198819891990199119921993199419951996199719981999200020012002200320042005200620072008200920102011201220132014201520162017201820192020202120222023202420252026

Federation Royale Belge de Golf - Koninklijke Belgische GolffederatieFederation Royale Belge de Golf - Koninklijke Belgische Golffederatie

du Roy de Blicquylaan 15 bte 2, 1933 Sterrebeek

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
du Roy de Blicquylaan 15 bte 2, 1933 SterrebeekCurrent	accounts 2022 → 2025	Accounts 2025 · 2026-00161244
Boulevard Louis Schmidt 87 bte 6, 1040 Etterbeek	accounts 2021	Accounts 2021 · 2022-20043475

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
Federation Royale Belge de Golf - Koninklijke Belgische GolffederatieCurrent	accounts 2023 → 2025	Accounts 2025 · 2026-00161244
FEDERATION ROYALE BELGE DE GOLF	accounts 2023	Accounts 2023 · 2024-00099419
Federation Royale Belge de Golf - Koninklijke Belgische Golffederatie	accounts 2021 → 2022	Accounts 2022 · 2023-00162138

Events

2025
Annual accounts 2025216,6 k €↓
2024
Annual accounts 2024361,6 k €↑
2023
Annual accounts 2023332,9 k €↑
2023
Name changeFEDERATION ROYALE BELGE DE GOLF
2023
Name changeFederation Royale Belge de Golf - Koninklijke Belgische Golffederatie
2022
Annual accounts 2022111,3 k €↓
2021
Annual accounts 2021211,7 k €↑
2020
Annual accounts 2020118,8 k €↑
2019
Annual accounts 20198,5 k €↓
2018
Annual accounts 201817,5 k €↑
2017
Annual accounts 201713 k €↑
2016
Annual accounts 2016-179,5 k €↓
2015
Annual accounts 20156,2 k €↑
2014
Annual accounts 2014778,4 €↓
2013
Annual accounts 20134 k €↑
2012
Annual accounts 2012-22,2 k €↓
2011
Annual accounts 20111,1 k €↓
2010
Annual accounts 201068 k €↑
2009
Annual accounts 200930,6 k €↓
2008
Annual accounts 200883 k €↓
2007
Annual accounts 200798,7 k €
01/01/1947
IncorporationNon-profit organization

Federation Royale Belge de Golf - Koninklijke Belgische Golffederatie

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

Registered offices

Company names

Events