ACTIVE

KVC WESTERLO

Financial year 2025 · closed on 30/06/2025
Net result
-11,8 M €
+48.7% YoY
Revenue
14,4 M €
+22.4% YoY
Equity
-1,9 M €
+48.3% YoY
Workforce
101,9 ETP
+6.7% YoY

What does KVC WESTERLO do?

KVC WESTERLO is a Private limited company incorporated in 1988. Its main activity is: Accommodation. Its registered office is in Westerlo. It employs on average 101,9 ETP workers (FTE).

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0436.473.670
Incorporation
01/12/1988
Legal form
Private limited company
Registered office
de Merodedreef 189
2260 Westerlo · FlandreSee on map
Contributed capital
69 614 892,31 €
Latest accounts
30/06/2025
Average workforce
101,9 ETP
Joint committees (3)
  • 100
  • 200
  • 223
Signals
Healthy social debtsHigh revenue
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 19 financial years

2025202420232022202120202019201820172016201520132012201120102009200820072006
Income statement
Revenue14,4 M €11,7 M €8,5 M €3,4 M €
EBITDA-3,4 M €-16,1 M €-6,2 M €-10,7 M €-6,5 M €-4,7 M €-1,7 M €-491,5 k €834,3 k €-548,8 k €606,6 k €-821,4 €-728,4 €-1,4 k €-388,4 €-655,6 €-662,3 €-544,9 €-603,3 €
Operating result-11,4 M €-22,6 M €-7,9 M €-11,4 M €-7,1 M €-5,2 M €-2 M €-871,5 k €-144,3 k €-1,2 M €250,9 k €-821,4 €-728,4 €-1,4 k €-388,4 €-655,6 €-662,3 €-544,9 €-603,3 €
Net result-11,8 M €-22,9 M €-8,4 M €-11,6 M €-7,2 M €-5,3 M €-2,1 M €-923,8 k €-161,5 k €-1,2 M €125,9 k €-863,5 €-773,8 €-1,5 k €-528,5 €-673,1 €-694,1 €-860,4 €-1,5 k €
Balance sheet
Equity-1,9 M €-3,6 M €-14,6 M €-6,2 M €-12,6 M €-5,4 M €-82,1 k €-543,1 k €380,7 k €542,2 k €1,7 M €14,2 k €15,1 k €15,8 k €17,3 k €17,8 k €18,5 k €19,2 k €20,1 k €
Total assets38,7 M €40,5 M €24,3 M €7,5 M €4,7 M €5,2 M €3,5 M €3,2 M €3,7 M €5,1 M €4,3 M €23,5 k €24,4 k €16,4 k €17,5 k €18,5 k €19,3 k €19,4 k €20,1 k €
Cash135,1 k €90,2 k €98,6 k €63,2 k €68,4 k €159,8 k €248,5 k €242,8 k €193,9 k €384,2 k €405,3 k €9,5 k €9,5 k €258,1 €289,3 €429,4 €447 €478,8 €1,2 k €
Debts39,4 M €40,9 M €38,4 M €13,1 M €16,6 M €10 M €2,9 M €3 M €2,3 M €3,4 M €2 M €9,3 k €9,3 k €554,6 €219,9 €662,3 €822,7 €160,4 €
Other
Workforce101,9 ETP95,5 ETP78,4 ETP72,2 ETP60,8 ETP49,7 ETP41,8 ETP35,6 ETP40,6 ETP38,2 ETP37,0 ETP
Governance

Board of directors

Seen on filing of 30/06/2025 · 6 active · 27 ended

Active mandates

Johan Van Loo

Director · since 11 février 2025 · until 13 janvier 2028

Active
Kris Vandepaer

Director · since 08 novembre 2023 · until 09 novembre 2029

Active
Hasan Cetinkaya

Director · since 14 janvier 2022 · until 13 janvier 2028

Active
Oktay Ercan

Chairman of the board of directors · since 14 janvier 2022 · until 13 janvier 2028

Active
Sedat Berk Ercan

Director · since 14 janvier 2022 · until 13 janvier 2028

Active
Wim Van Hove

Director · since 14 janvier 2022 · until 13 janvier 2028

Active

Ended mandates

Wim VAN HOVE

Managing director · since 14 janvier 2022 · until 13 janvier 2028

Ended
Hasan CETINKAYA

Director · since 13 septembre 2019

Ended
Hasan CETINKAYA

Director · since 13 juin 2019

Ended
Herman Wijnants

Director · since 24 novembre 2014

Ended
At this address

Other companies at this address

CompanyCBE no.
OOSTERWIJKActive
0744.853.793
Themacafé KVCWActive
1000.226.188
VC WesterloActive
0407.891.235
WESTELActive
0438.967.065
0735.589.008
Annual accounts

Full financial information

202520242023202220212020
Type of accountFull modelFull modelFull modelFull modelAbridged modelAbridged model
Start of the financial year01/07/202401/07/202301/07/202201/07/202101/07/202001/07/2019
Closing of the financial year30/06/202530/06/202430/06/202330/06/202230/06/202130/06/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date19/12/202526/11/202424/11/202329/11/202227/12/202107/12/2020
General meeting05/12/202508/11/202408/11/202328/10/202229/10/202106/11/2020
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

19 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Full model30/06/202505/12/202519/12/2025DutchPDF
Full model30/06/202408/11/202426/11/2024DutchPDF
Full model30/06/202308/11/202324/11/2023DutchPDF
Full model30/06/202228/10/202229/11/2022DutchPDF
Abridged model30/06/202129/10/202127/12/2021DutchPDF
Abridged model30/06/202006/11/202007/12/2020DutchPDF
Abridged model30/06/201912/12/201923/12/2019DutchPDF
Abridged model30/06/201802/10/201812/02/2019DutchPDF
Abridged model30/06/201714/11/201722/12/2017DutchPDF
Abridged model30/06/201614/10/201616/12/2016DutchPDF
Abridged model30/06/201526/10/201502/11/2015DutchPDF
Abridged model31/12/201330/06/201431/07/2014DutchPDF
Abridged model31/12/201224/06/201317/09/2013DutchPDF
Abridged model31/12/201125/06/201226/09/2012DutchPDF
Abridged model31/12/201027/06/201113/09/2011DutchPDF
Abridged model31/12/200928/06/201030/07/2010DutchPDF
Abridged model31/12/200829/06/200931/08/2009DutchPDF
Abridged model31/12/200730/06/200830/07/2008DutchPDF
Abridged model31/12/200625/06/200731/07/2007DutchPDF
Estimate

Indicative valuation

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.

Governance

Board of directors

Seen on filing of 30/06/2025 · 6 active · 27 ended

Active mandates

Johan Van Loo

Director · since 11 février 2025 · until 13 janvier 2028

Active
Kris Vandepaer

Director · since 08 novembre 2023 · until 09 novembre 2029

Active
Hasan Cetinkaya

Director · since 14 janvier 2022 · until 13 janvier 2028

Active
Oktay Ercan

Chairman of the board of directors · since 14 janvier 2022 · until 13 janvier 2028

Active
Sedat Berk Ercan

Director · since 14 janvier 2022 · until 13 janvier 2028

Active
Wim Van Hove

Director · since 14 janvier 2022 · until 13 janvier 2028

Active

Ended mandates

Wim VAN HOVE

Managing director · since 14 janvier 2022 · until 13 janvier 2028

Ended
Hasan CETINKAYA

Director · since 13 septembre 2019

Ended
Hasan CETINKAYA

Director · since 13 juin 2019

Ended
Herman Wijnants

Director · since 24 novembre 2014

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Other01/07/2026
    DIVERSEN
    PDF
  • Other09/02/2026
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - DIVERSEN
    PDF
  • Capital / shares02/07/2025
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - DIVERSEN - KAPITAAL - AANDELEN
    PDF
  • Mandates01/04/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Mandates24/01/2025
    ONTSLAGEN - BENOEMINGEN
    PDF
  • Other04/07/2024
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - DIVERSEN
    PDF
  • Mandates06/03/2024
    ONTSLAGEN - BENOEMINGEN - DIVERSEN
    PDF
  • Other04/10/2023
    STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, …) - DIVERSEN
    PDF

Source: Belgian Official Gazette

Competition

Similar companies

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

See the Business plan

Timeline

  1. 2025
    Annual accounts 2025-11,8 M €
  2. 2024
    Annual accounts 2024-22,9 M €
  3. 2023
    Annual accounts 2023-8,4 M €
  4. 2022
    Annual accounts 2022-11,6 M €
  5. 2021
    Annual accounts 2021-7,2 M €
  6. 2020
    Annual accounts 2020-5,3 M €
  7. 2019
    Annual accounts 2019-2,1 M €
  8. 2018
    Annual accounts 2018-923,8 k €
  9. 2017
    Annual accounts 2017-161,5 k €
  10. 2016
    Annual accounts 2016-1,2 M €
  11. 2015
    Annual accounts 2015125,9 k €
  12. 2013
    Annual accounts 2013-863,5 €
  13. 2012
    Annual accounts 2012-773,8 €
  14. 2011
    Annual accounts 2011-1,5 k €
  15. 2010
    Annual accounts 2010-528,5 €
  16. 2009
    Annual accounts 2009-673,1 €
  17. 2008
    Annual accounts 2008-694,1 €
  18. 2007
    Annual accounts 2007-860,4 €
  19. 2006
    Annual accounts 2006-1,5 k €
  20. 01/12/1988
    IncorporationPrivate limited company