ACTIVE

GRENSVERLEGGEND

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Financial year 2025 · closed on 30/06/2025

Net result

-4,2 M €

+54.9% YoY

Revenue

13,1 M €

+31.4% YoY

Equity

-728,2 k €

+77.9% YoY

Workforce

65,3 ETP

-6.0% YoY

What does GRENSVERLEGGEND do?

GRENSVERLEGGEND is a Public limited company incorporated in 2011. Its main activity is: Activities of sports clubs. Its registered office is in Zulte. It employs on average 65,3 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0833.092.517

Incorporation

24/01/2011

Legal form

Public limited company

Registered office

Kastanjelaan 75
9870 Zulte · FlandreSee on map

Contributed capital

36 100 000,00 €

Latest accounts

30/06/2025

Average workforce

65,3 ETP

Activities (NACE)

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

Joint committees (4)

Signals

Good liquidityPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 14 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012
Income statement
Revenue	13,1 M €	+31.4%	10 M €	-28.0%	13,8 M €	-10.7%	15,5 M €	+7.1%	14,5 M €	-0.1%	14,5 M €	-32.7%	21,5 M €	-3.7%	22,3 M €	-0.5%	22,4 M €	+53.7%	14,6 M €	-18.3%	17,9 M €		–		–		–
EBITDA	1,8 M €	+125%	-7 M €	-52.2%	-4,6 M €	-28.9%	-3,6 M €	-289%	1,9 M €	+143%	-4,3 M €	-337%	1,8 M €	-18.8%	2,2 M €	-50.5%	4,5 M €	+465%	-1,2 M €	-158%	2,1 M €	+54.3%	1,4 M €	-6.4%	1,5 M €	+11.5%	1,3 M €
Operating result	-875 k €	+91.4%	-10,1 M €	-48.2%	-6,8 M €	-12.3%	-6,1 M €	-913%	-602,4 k €	+91.2%	-6,9 M €	-536%	-1,1 M €	-452%	306,8 k €	-88.7%	2,7 M €	+205%	-2,6 M €	-446%	742,6 k €	+87.4%	396,2 k €	+94.0%	204,2 k €	+150%	81,8 k €
Net result	-4,2 M €	+54.9%	-9,4 M €	+25.1%	-12,6 M €	-48.8%	-8,4 M €	-1102%	842,6 k €	+112%	-7,3 M €	-432%	-1,4 M €	-7295%	19,1 k €	-99.2%	2,5 M €	+186%	-2,9 M €	-96494%	3 k €	+123%	-13,1 k €	-296%	6,7 k €	+52.4%	4,4 k €
Balance sheet
Equity	-728,2 k €	+77.9%	-3,3 M €	+50.8%	-6,7 M €	+32.6%	-10 M €	-653%	-1,3 M €	+40.3%	-2,2 M €	-142%	5,3 M €	-22.7%	6,9 M €	+40.9%	4,9 M €	+98.3%	2,5 M €	+10.3%	2,2 M €	+2187%	97,2 k €	+170%	36 k €	+22.7%	29,4 k €
Total assets	31 M €	+19.3%	26 M €	-6.8%	27,9 M €	-9.3%	30,7 M €	+10.2%	27,9 M €	+6.7%	26,1 M €	-24.5%	34,6 M €	+15.2%	30 M €	+3.4%	29,1 M €	+29.7%	22,4 M €	+32.5%	16,9 M €	+144%	6,9 M €	+1.5%	6,8 M €	-3.5%	7,1 M €
Cash	207,1 k €	-93.4%	3,1 M €	+66.9%	1,9 M €	-66.7%	5,6 M €	+146%	2,3 M €	+1059%	196,6 k €	-96.9%	6,4 M €	+714%	784 k €	-85.1%	5,3 M €	+114%	2,5 M €	+14454%	16,9 k €	-70.7%	57,8 k €	-75.1%	232,6 k €	-52.0%	484,9 k €
Debts	29,4 M €	+11.1%	26,5 M €	-19.3%	32,8 M €	-15.0%	38,6 M €	+43.2%	27 M €	+1.4%	26,6 M €	-2.2%	27,2 M €	+32.6%	20,5 M €	-5.8%	21,8 M €	+28.4%	16,9 M €	+47.9%	11,5 M €	+87.7%	6,1 M €	-2.6%	6,3 M €	-3.7%	6,5 M €
Other
Workforce	65,3 ETP	-6.0%	69,5 ETP	+0.7%	69,0 ETP	+6.3%	64,9 ETP	+1.6%	63,9 ETP	-10.4%	71,3 ETP	+4.5%	68,2 ETP	+0.1%	68,1 ETP	+6.1%	64,2 ETP	+3.7%	61,9 ETP	+2.5%	60,4 ETP	+10.8%	54,5 ETP	+12.6%	48,4 ETP	-4.7%	50,8 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 0 € and 100 k€

See the valuation

Governance

Board of directors

Seen on filing of 30/06/2025 · 5 active · 34 ended

Active mandates

Michiel Beeuwsaert

Director · since 27 juin 2025 · until 13 octobre 2031

Active

Carl BALLIERE

Director · since 29 octobre 2022 · until 09 octobre 2028

Active

DETAELLENAERE-COPPENS

Director · since 29 octobre 2022 · until 09 octobre 2028 · 0454.822.013

Represented by Philippe Detaellenaere

Active

Franck Tijtgat

Director · since 29 octobre 2022 · until 09 octobre 2028

Active

Tony Beeuwsaert

Director · since 29 octobre 2022 · until 09 octobre 2028

Active

Ended mandates

DETAELLENAERE-COPPENS

Director · since 29 octobre 2022 · until 09 octobre 2028 · 0454.822.013

Represented by Philippe DETAELLENAERE

Ended

BRUNO DESCAMPS

Director · since 14 juin 2019 · until 10 octobre 2022

Ended

DETAELLENAERE-COPPENS

Director · since 23 juin 2018 · until 10 octobre 2022 · 0454.822.013

Represented by Philippe DETAELLENAERE

Ended

DETAELLENAERE-COPPENS

Director · since 23 juin 2018 · until 29 octobre 2022 · 0454.822.013

Represented by Philippe DETAELLENAERE

Ended

At this address

Other companies at this address

Company	CBE no.
SPORTVERENIGING ZULTE WAREGEM● Active	0416.843.345
Supportersfederatie EsseveeFans● Active	0744.631.485
SV Zulte Waregem JEUGD● Liquidation	0893.863.809

Annual accounts

Full financial information

	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	12/11/2025	16/07/2025	21/02/2024	28/02/2023	11/10/2021	05/11/2020
General meeting	31/10/2025	27/06/2025	03/11/2023	29/10/2022	07/10/2021	31/10/2020
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

Ratios

Financial ratios

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Filings

Annual accounts filings

14 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	30/06/2025	31/10/2025	12/11/2025	Dutch	PDF
Full model	30/06/2024	27/06/2025	16/07/2025	Dutch	PDF
Full model	30/06/2023	03/11/2023	21/02/2024	Dutch	PDF
Full model	30/06/2022	29/10/2022	28/02/2023	Dutch	PDF
Full model	30/06/2021	07/10/2021	11/10/2021	Dutch	PDF
Full model	30/06/2020	31/10/2020	05/11/2020	Dutch	PDF
Full model	30/06/2019	09/12/2019	26/12/2019	Dutch	PDF
Full model	30/06/2018	21/09/2018	04/10/2018	Dutch	PDF
Full model	30/06/2017	06/10/2017	10/10/2017	Dutch	PDF
Full model	30/06/2016	05/02/2017	13/02/2017	Dutch	PDF
Full model	30/06/2015	12/10/2015	27/11/2015	Dutch	PDF
Abridged model	30/06/2014	27/11/2014	26/02/2015	Dutch	PDF
Abridged model	30/06/2013	28/02/2014	28/02/2014	Dutch	PDF
Abridged model	30/06/2012	14/01/2013	31/01/2013	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 0 € and 100 k€

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 · 5 active · 34 ended

Active mandates

Michiel Beeuwsaert

Director · since 27 juin 2025 · until 13 octobre 2031

Active

Carl BALLIERE

Director · since 29 octobre 2022 · until 09 octobre 2028

Active

DETAELLENAERE-COPPENS

Director · since 29 octobre 2022 · until 09 octobre 2028 · 0454.822.013

Represented by Philippe Detaellenaere

Active

Franck Tijtgat

Director · since 29 octobre 2022 · until 09 octobre 2028

Active

Tony Beeuwsaert

Director · since 29 octobre 2022 · until 09 octobre 2028

Active

Ended mandates

DETAELLENAERE-COPPENS

Director · since 29 octobre 2022 · until 09 octobre 2028 · 0454.822.013

Represented by Philippe DETAELLENAERE

Ended

BRUNO DESCAMPS

Director · since 14 juin 2019 · until 10 octobre 2022

Ended

DETAELLENAERE-COPPENS

Director · since 23 juin 2018 · until 10 octobre 2022 · 0454.822.013

Represented by Philippe DETAELLENAERE

Ended

DETAELLENAERE-COPPENS

Director · since 23 juin 2018 · until 29 octobre 2022 · 0454.822.013

Represented by Philippe DETAELLENAERE

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates07/07/2026
KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
PDF
Mandates03/07/2025
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares02/07/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN
PDF
Mandates05/07/2023
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
PDF
Mandates29/04/2021
ONTSLAGEN - BENOEMINGEN
PDF
Mandates02/10/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates11/10/2018
ONTSLAGEN - BENOEMINGEN
PDF
Mandates02/06/2017
ONTSLAGEN - BENOEMINGEN
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

2025
Annual accounts 2025-4,2 M €↑
2024
Annual accounts 2024-9,4 M €↑
2023
Annual accounts 2023-12,6 M €↓
2022
Annual accounts 2022-8,4 M €↓
2021
Annual accounts 2021842,6 k €↑
2020
Annual accounts 2020-7,3 M €↓
2019
Annual accounts 2019-1,4 M €↓
2018
Annual accounts 201819,1 k €↓
2017
Annual accounts 20172,5 M €↑
2016
Annual accounts 2016-2,9 M €↓
2015
Annual accounts 20153 k €↑
2014
Annual accounts 2014-13,1 k €↓
2013
Annual accounts 20136,7 k €↑
2012
Annual accounts 20124,4 k €
24/01/2011
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

GRENSVERLEGGEND

Overview

What does GRENSVERLEGGEND do?

Trend over 14 financial years

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