ACTIVE

CERCLE BRUGGE KONINKLIJKE SPORTVERENIGING

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Financial year 2025 · Closed on 30/06/2025

Net result89,7 k €+337,5 %over 1 year

Revenue19,3 M €+69,1 %over 1 year

Equity8,6 M €+1,1 %over 1 year

Workforce64,4 ETP+10,1 %over 1 year

Identity

Source · BCE/KBO

CERCLE BRUGGE KONINKLIJKE SPORTVERENIGING is a Private limited company incorporated in 2014. Its main activity is: Activities of sports clubs. Its registered office is in Brugge. It employs on average 64,4 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0554.798.824
Incorporation: 24/06/2014
Legal form: Private limited company
Registered office: Olympialaan 74
8200 Brugge · FlandreSee on map
Contributed capital: 28 148 439,25 €
Latest accounts: 30/06/2025
Average workforce: 64,4 ETP

Activities (NACE)

93121Activities of sports clubs· main 93121Activities of sports clubs

Joint committees (4)

Contacts

2 public details availableLog in to view

Signals

ProfitableGood liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 11 filings

Trend over 11 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	19,3 M €	+69.1%	11,4 M €	+18.8%	9,6 M €	+44.7%	6,6 M €	+54.0%	4,3 M €
EBITDA	3,3 M €	+38.3%	2,4 M €	-40.1%	4 M €	+66.5%	2,4 M €	+118%	1,1 M €
Operating result	83,6 k €	+2.9%	81,2 k €	-86.0%	582,1 k €	+141%	-1,4 M €	-15.4%	-1,2 M €
Net result	89,7 k €	+338%	20,5 k €	-85.7%	143,2 k €	+108%	-1,9 M €	-20.1%	-1,6 M €
Balance sheet
Equity	8,6 M €	+1.1%	8,5 M €	+0.1%	8,5 M €	+1.6%	8,4 M €	-18.5%	10,3 M €
Total assets	29,1 M €	+43.0%	20,4 M €	+38.5%	14,7 M €	+12.9%	13 M €	-11.3%	14,7 M €
Cash	6,9 M €	+25.6%	5,5 M €	-27.1%	7,5 M €	+61.1%	4,7 M €	+98.4%	2,4 M €
Debts	19,2 M €	+84.8%	10,4 M €	+106%	5 M €	+28.6%	3,9 M €	+6.6%	3,7 M €
Other
Workforce	64,4 ETP	+10.1%	58,5 ETP	-0.2%	58,6 ETP	+3.7%	56,5 ETP	+2.7%	55,0 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 25 M€ and 50 M€

See the valuation

Board of directors

Source · NBB, accounts to 30/06/2025

4 active · 14 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Henk Buysschaert	Director30/09/2024 → 28/09/2028
Luca Militti	Director01/09/2021 → 30/09/2027Managing director01/09/2021 → 30/09/2025ended
Thiago Scuro	Managing director02/10/2023 → 30/09/2027
Thomas Tousseyn	Director19/06/2014 → 30/09/2027

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Pascal Danneels	Director18/10/2023 → 30/09/2027
Ben Lambrecht	Director10/01/2023 → 18/10/2023
Jean-Emmanuel de Witt	Managing director25/10/2022 → 28/12/2022

Other companies at this address

Olympialaan 74 8200 Brugge

Company	CBE no.
Koninklijke Sportvereniging Cercle Brugge● Active	0407.845.705

Full financial information

Source · NBB

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/07/2024	01/07/2023	01/07/2022	01/07/2021	01/07/2020	01/07/2019
Closing of the financial year	30/06/2025	30/06/2024	30/06/2023	30/06/2022	30/06/2021	30/06/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	16/10/2025	09/10/2024	28/11/2023	26/10/2022	29/10/2021	28/10/2020
General meeting	02/10/2025	30/09/2024	18/10/2023	29/09/2022	30/09/2021	30/09/2020
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, 11 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	30/06/2025	02/10/2025	16/10/2025	Dutch	PDF
Full model	30/06/2024	30/09/2024	09/10/2024	Dutch	PDF
Full model	30/06/2023	18/10/2023	28/11/2023	Dutch	PDF
Full model	30/06/2022	29/09/2022	26/10/2022	Dutch	PDF
Full model	30/06/2021	30/09/2021	29/10/2021	Dutch	PDF
Full model	30/06/2020	30/09/2020	28/10/2020	Dutch	PDF
Full model	30/06/2019	30/09/2019	30/10/2019	Dutch	PDF
Abridged model	30/06/2018	19/11/2018	18/12/2018	Dutch	PDF
Abridged model	30/06/2017	30/11/2017	22/12/2017	Dutch	PDF
Abridged model	30/06/2016	12/12/2016	30/12/2016	Dutch	PDF
Abridged model	30/06/2015	16/11/2015	22/12/2015	Dutch	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 25 M€ and 50 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 30/06/2025

4 active · 14 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Henk Buysschaert	Director30/09/2024 → 28/09/2028
Luca Militti	Director01/09/2021 → 30/09/2027Managing director01/09/2021 → 30/09/2025ended
Thiago Scuro	Managing director02/10/2023 → 30/09/2027
Thomas Tousseyn	Director19/06/2014 → 30/09/2027

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Pascal Danneels	Director18/10/2023 → 30/09/2027
Ben Lambrecht	Director10/01/2023 → 18/10/2023
Jean-Emmanuel de Witt	Managing director25/10/2022 → 28/12/2022

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates13/11/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates07/05/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates10/04/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates18/11/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates29/11/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates29/11/2023
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates21/06/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates04/04/2023
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

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings11 filings

Mandates

Henk Buysschaert

Luca Militti

Thiago Scuro

Thomas Tousseyn

Pascal Danneels

Ben Lambrecht

Jean-Emmanuel de Witt

Global Estate Services

Vincent Goemaere

Viacheslav Ivanov

Oleg Petrov

Frans Schotte

and 6 more mandates

201420152016201720182019202020212022202320242025202620272028

Cercle Brugge KSVCercle Brugge Koninklijke Sportvereniging

Olympialaan 74, 8200 Sint-Andries

Director

DirectorManaging director

Managing director

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Olympialaan 74, 8200 Sint-AndriesCurrent	accounts 2022 → 2025	Accounts 2025 · 2025-00543648

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
CERCLE BRUGGE KONINKLIJKE SPORTVERENIGINGCurrent		CBE
Cercle Brugge KSV	accounts 2024 → 2025	Accounts 2025 · 2025-00543648
Cercle Brugge Koninklijke Sportvereniging	accounts 2022 → 2023	Accounts 2023 · 2023-00517835

Events

2025
Annual accounts 202589,7 k €↑
2024
Annual accounts 202420,5 k €↓
2024
Name changeCercle Brugge KSV
2023
Annual accounts 2023143,2 k €↑
2022
Annual accounts 2022-1,9 M €↓
2021
Annual accounts 2021-1,6 M €↑
2020
Annual accounts 2020-4,7 M €↓
2019
Annual accounts 2019-85,8 k €↑
2018
Annual accounts 2018-7,4 M €↓
2017
Annual accounts 2017-2,1 M €↓
2016
Annual accounts 2016-922,7 k €↑
2015
Annual accounts 2015-1,1 M €
24/06/2014
IncorporationPrivate limited company

CERCLE BRUGGE KONINKLIJKE SPORTVERENIGING

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