ACTIVE

Royal Keerbergen Golf Club

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Financial year 2025 · Closed on 31/12/2025

Net result220,5 k €+163,1 %over 1 year

Gross margin937,6 k €+9,4 %over 1 year

Equity3,1 M €+7,8 %over 1 year

Workforce7,5 ETP-11,8 %over 1 year

Identity

Source · BCE/KBO

Royal Keerbergen Golf Club is a Non-profit organization incorporated in 1970. Its main activity is: Gambling and betting activities. Its registered office is in Keerbergen. It employs on average 7,5 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0409.980.495
Incorporation: 18/04/1970
Legal form: Non-profit organization
Registered office: Vlieghavenlaan 50
3140 Keerbergen · FlandreSee on map
Latest accounts: 31/12/2025
Average workforce: 7,5 ETP

Activities (NACE)

92621Gambling and betting activities· main 93123Activities of sports clubs 93123Activities of sports clubs 93199Other sports activities 93199Other sports activities

Joint committees (2)

145
32901

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDAHealthy social debts

Financials

Source · NBB, 18 filings

Trend over 18 financial years

	2025		2024		2023		2022		2021
Income statement
Gross margin	937,6 k €	+9.4%	857,3 k €	+0.8%	850,3 k €	+26.9%	670,3 k €	-17.2%	809,1 k €
EBITDA	396,1 k €	+54.2%	257 k €	+30.1%	197,4 k €	+186%	69,1 k €	-76.7%	296,6 k €
Operating result	223,6 k €	+151%	89,1 k €	+371%	18,9 k €	+117%	-111,3 k €	-188%	126,3 k €
Net result	220,5 k €	+163%	83,8 k €	+358%	18,3 k €	+118%	-104 k €	-185%	122,8 k €
Balance sheet
Equity	3,1 M €	+7.8%	2,8 M €	+3.0%	2,8 M €	+0.7%	2,7 M €	-3.7%	2,8 M €
Total assets	3,4 M €	+15.3%	3 M €	+3.9%	2,8 M €	-0.6%	2,9 M €	-4.6%	3 M €
Cash	535,8 k €	+46.9%	364,7 k €	+94.1%	187,9 k €	+14.9%	163,5 k €	-42.8%	285,9 k €
Debts	345 k €	+185%	120,9 k €	+29.4%	93,4 k €	-28.0%	129,8 k €	-12.6%	148,5 k €
Other
Workforce	7,5 ETP	-11.8%	8,5 ETP	-17.5%	10,3 ETP	-8.8%	11,3 ETP	+13.0%	10,0 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Board of directors

Source · NBB, accounts to 31/12/2025

6 active · 62 ended

Active mandates

Alain Vandenbrande

Director · since 03 avril 2025 · until 29 mars 2029

Active

Mathijs Berben

Director · since 03 avril 2025 · until 29 mars 2029

Active

Johan Kemp

Director · since 16 mars 2024 · until 22 mars 2025

Active

Steven Mens

Director · since 30 mars 2022 · until 26 mars 2026

Active

André Serneels

Director · since 24 octobre 2021 · until 27 mars 2027

Active

Nick Michiels

Director · since 24 octobre 2021 · until 26 mars 2026

Active

Ended mandates

Johan Kemp

Director · since 24 mai 2024 · until 25 mars 2028

Ended

Sonja Smets

Director · since 24 mai 2024 · until 15 novembre 2024

Ended

André Serneels

Director · since 25 mars 2023 · until 27 mars 2027

Ended

André Serneels

Director · since 24 octobre 2021 · until 25 mars 2023

Ended

Other companies at this address

Vlieghavenlaan 50 3140 Keerbergen

Company	CBE no.
ALFA● Liquidation	0444.886.639
IMMOBILIEN GOLF KEERBERGEN● Active	0440.042.874

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	08/04/2026	10/04/2025	12/04/2024	29/03/2023	07/06/2022	23/04/2021
General meeting	21/03/2026	29/03/2025	16/03/2024	25/03/2023	30/03/2022	27/03/2021
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, 18 filings

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	21/03/2026	08/04/2026	Dutch	PDF
Abridged model	31/12/2024	29/03/2025	10/04/2025	Dutch	PDF
Abridged model	31/12/2023	16/03/2024	12/04/2024	Dutch	PDF
Abridged model	31/12/2022	25/03/2023	29/03/2023	Dutch	PDF
Abridged model	31/12/2021	30/03/2022	07/06/2022	Dutch	PDF
Abridged model	31/12/2020	27/03/2021	23/04/2021	Dutch	PDF
Abridged model	31/12/2019	07/03/2020	24/03/2020	Dutch	PDF
Abridged model	31/12/2018	09/03/2019	21/03/2019	Dutch	PDF
Abridged model	31/12/2017	10/03/2018	27/03/2018	Dutch	PDF
Abridged model	31/12/2016	11/03/2017	28/06/2017	Dutch	PDF
Abridged model	31/12/2015	12/03/2016	14/10/2016	Dutch	PDF
Abridged model	31/12/2014	14/03/2015	17/04/2015	Dutch	PDF
Abridged model	31/12/2013	15/03/2014	31/08/2014	Dutch	PDF
Abridged model	31/12/2012	09/03/2013	01/09/2014	Dutch	PDF
Abridged model	30/11/2011	10/03/2012	30/04/2012	Dutch	PDF
Abridged model	30/11/2010	19/03/2011	28/04/2011	Dutch	PDF
Abridged model	30/11/2009	13/03/2010	17/05/2010	Dutch	PDF
Abridged model	30/11/2008	14/03/2009	09/04/2009	Dutch	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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

6 active · 62 ended

Active mandates

Alain Vandenbrande

Director · since 03 avril 2025 · until 29 mars 2029

Active

Mathijs Berben

Director · since 03 avril 2025 · until 29 mars 2029

Active

Johan Kemp

Director · since 16 mars 2024 · until 22 mars 2025

Active

Steven Mens

Director · since 30 mars 2022 · until 26 mars 2026

Active

André Serneels

Director · since 24 octobre 2021 · until 27 mars 2027

Active

Nick Michiels

Director · since 24 octobre 2021 · until 26 mars 2026

Active

Ended mandates

Johan Kemp

Director · since 24 mai 2024 · until 25 mars 2028

Ended

Sonja Smets

Director · since 24 mai 2024 · until 15 novembre 2024

Ended

André Serneels

Director · since 25 mars 2023 · until 27 mars 2027

Ended

André Serneels

Director · since 24 octobre 2021 · until 25 mars 2023

Ended

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates22/05/2026
ONTSLAGEN - BENOEMINGEN
PDF
Mandates11/04/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates25/11/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates04/06/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates17/04/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates16/03/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates15/07/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates06/12/2021
ONTSLAGEN - BENOEMINGEN
PDF

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

See the Business plan

Timeline

2025
Annual accounts 2025220,5 k €↑
2024
Annual accounts 202483,8 k €↑
2023
Annual accounts 202318,3 k €↑
2022
Annual accounts 2022-104 k €↓
2021
Annual accounts 2021122,8 k €↓
2020
Annual accounts 2020166,7 k €↑
2019
Annual accounts 2019-11,1 k €↑
2018
Annual accounts 2018-35 k €↓
2017
Annual accounts 2017-6,1 k €↓
2016
Annual accounts 201660,2 k €↑
2015
Annual accounts 201543,1 k €↓
2014
Annual accounts 201475,2 k €↑
2013
Annual accounts 201367,6 k €↑
2012
Annual accounts 2012-61 k €↓
2011
Annual accounts 201166,5 k €↓
2010
Annual accounts 2010109,4 k €↑
2009
Annual accounts 200991,2 k €↓
2008
Annual accounts 2008143,4 k €
18/04/1970
IncorporationNon-profit organization

Royal Keerbergen Golf Club

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