ACTIVE

ROYAL ANTWERP FOOTBALL CLUB

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Financial year 2025 · Closed on 30/06/2025

Net result-515,8 k €+95,8 %over 1 year

Revenue43,4 M €-33,2 %over 1 year

Equity-10,6 M €-6,8 %over 1 year

Workforce118,0 ETP+5,3 %over 1 year

Identity

Source · BCE/KBO

ROYAL ANTWERP FOOTBALL CLUB is a Public limited company incorporated in 2011. Its main activity is: Activities of sports clubs. Its registered office is in Antwerpen. It employs on average 118,0 ETP workers (FTE).

Legal situation: Normal situation
BCE/KBO no. / VAT: BE 0839.407.415
Incorporation: 19/09/2011
Legal form: Public limited company
Registered office: Oude Bosuilbaan 54A
2100 Antwerpen · FlandreSee on map
Contributed capital: 48 133 166,84 €
Latest accounts: 30/06/2025
Average workforce: 118,0 ETP

Activities (NACE)

93121Activities of sports clubs· main 93121Activities of sports clubs 47716Retail sale of clothing in specialised stores 47716Retail sale of clothing in specialised stores 73120Media representation 73120Media representation+2

Joint committees (7)

100
200
201
218
223
302
32901

Signals

Good liquidityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

Financials

Source · NBB, 14 filings

Trend over 14 financial years

	2025		2024		2023		2022		2021
Income statement
Revenue	43,4 M €	-33.2%	64,8 M €	+72.0%	37,7 M €	+20.7%	31,2 M €	+19.6%	26,1 M €
EBITDA	12,4 M €	+50.3%	8,3 M €	+127%	-30,7 M €	-57.7%	-19,5 M €	-59.0%	-12,2 M €
Operating result	5,5 M €	+216%	-4,8 M €	+89.0%	-43,4 M €	-38.8%	-31,3 M €	-81.3%	-17,2 M €
Net result	-515,8 k €	+95.8%	-12,2 M €	+73.7%	-46,4 M €	-45.0%	-32 M €	-209%	-10,4 M €
Balance sheet
Equity	-10,6 M €	-6.8%	-10 M €	+77.9%	-45,1 M €	-3525%	1,3 M €	-24.0%	1,7 M €
Total assets	52,6 M €	-15.8%	62,5 M €	+30.6%	47,8 M €	-5.2%	50,4 M €	+112%	23,8 M €
Cash	4,2 M €	+97.7%	2,1 M €	-82.0%	11,7 M €	+261%	3,2 M €	-6.6%	3,5 M €
Debts	50,7 M €	-15.0%	59,7 M €	-26.0%	80,7 M €	+108%	38,8 M €	+121%	17,6 M €
Other
Workforce	118,0 ETP	+5.3%	112,1 ETP	-1.1%	113,4 ETP	+10.1%	103,0 ETP	+18.3%	87,1 ETP

Valuation

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€

See the valuation

Board of directors

Source · NBB, accounts to 30/06/2025

7 active · 25 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Baaltje0785.459.874Represented by Steve Van den Kerkhof	Director24/05/2024 → 24/05/2030
GOALA0567.945.391Represented by Paul Gheysens	Managing director14/11/2017 → 01/12/2029Director25/08/2015 → 13/11/2023ended
GHEMIC0844.615.028Represented by Michaël Gheysens	Director23/10/2022 → 04/12/2027
GHLOBAL0744.408.484Represented by Marie-Julie Gheysens	Director23/10/2022 → 04/12/2027
JINVEST0477.073.417Represented by Jurgen INGELS	Director23/10/2022 → 04/12/2027
JUVIA0597.979.363Represented by Jacques Vandermeiren	Director23/10/2022 → 04/12/2027
Ria Vandoorne	Director23/10/2022 → 04/12/2027

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Bart Van Camp	Director23/10/2022 → 04/12/2027
Philippe Muyters0764.696.332Represented by Philippe Muyters	Director23/10/2022 → 04/12/2027

Other companies at this address

Oude Bosuilbaan 54A 2100 Antwerpen

Company	CBE no.
One Holding● Active	1040.396.561
Royal Antwerp F.C. Foundation● Active	1017.063.905

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	12/02/2026	14/01/2025	30/01/2024	16/02/2023	11/01/2022	21/12/2020
General meeting	12/02/2026	14/01/2025	19/01/2024	14/02/2023	20/12/2021	09/12/2020
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, 14 filings

Model	Closing	General meeting	Filed	Language	Document
Full model	30/06/2025	12/02/2026	12/02/2026	Dutch	PDF
Full model	30/06/2024	14/01/2025	14/01/2025	Dutch	PDF
Full model	30/06/2023	19/01/2024	30/01/2024	Dutch	PDF
Full model	30/06/2022	14/02/2023	16/02/2023	Dutch	PDF
Full model	30/06/2021	20/12/2021	11/01/2022	Dutch	PDF
Full model	30/06/2020	09/12/2020	21/12/2020	Dutch	PDF
Abridged model	30/06/2019	03/12/2019	23/12/2019	Dutch	PDF
Abridged model	30/06/2018	01/12/2018	11/12/2018	Dutch	PDF
Abridged model	30/06/2017	02/12/2017	18/12/2017	Dutch	PDF
Abridged model	30/06/2016	26/12/2016	03/01/2017	Dutch	PDF
Abridged model	30/06/2015	14/01/2016	15/01/2016	Dutch	PDF
Abridged model	30/06/2014	14/03/2015	02/04/2015	Dutch	PDF
Abridged model	30/06/2013	06/03/2014	13/03/2014	Dutch	PDF
Abridged model	30/06/2012	31/01/2013	14/02/2013	Dutch	PDF

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 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

7 active · 25 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Baaltje0785.459.874Represented by Steve Van den Kerkhof	Director24/05/2024 → 24/05/2030
GOALA0567.945.391Represented by Paul Gheysens	Managing director14/11/2017 → 01/12/2029Director25/08/2015 → 13/11/2023ended
GHEMIC0844.615.028Represented by Michaël Gheysens	Director23/10/2022 → 04/12/2027
GHLOBAL0744.408.484Represented by Marie-Julie Gheysens	Director23/10/2022 → 04/12/2027
JINVEST0477.073.417Represented by Jurgen INGELS	Director23/10/2022 → 04/12/2027
JUVIA0597.979.363Represented by Jacques Vandermeiren	Director23/10/2022 → 04/12/2027
Ria Vandoorne	Director23/10/2022 → 04/12/2027

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Bart Van Camp	Director23/10/2022 → 04/12/2027
Philippe Muyters0764.696.332Represented by Philippe Muyters	Director23/10/2022 → 04/12/2027

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

Mandates31/08/2026
Ontslag bestuurder
PDF
Mandates31/07/2026
DIVERSEN, ONTSLAGEN, BENOEMINGEN
PDF
Mandates17/02/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates21/01/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates03/07/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates21/03/2024
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares12/02/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN
PDF
Mandates18/12/2023
ONTSLAGEN - BENOEMINGEN
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

Incorporation

Name

Registered office

Annual accounts

Filings14 filings

Mandates

Baaltje

GOALA

JINVEST

JUVIA

GHLOBAL

GHEMIC

Ria Vandoorne

Philippe Muyters

Bart Van Camp

PODIUM.BE

Foxfin

KADMOS

and 20 more mandates

20112012201320142015201620172018201920202021202220232024202520262027202820292030

RAFC

Oude Bosuilbaan 54A, 2100 Deurne (Antwerp)

Director

Managing directorDirector

Director

Managing director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Oude Bosuilbaan 54A, 2100 Deurne (Antwerp)Current	accounts 2022 → 2025	Accounts 2025 · 2026-00037676

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
ROYAL ANTWERP FOOTBALL CLUBCurrent		CBE
RAFC	accounts 2022 → 2025	Accounts 2025 · 2026-00037676

Events

2025
Annual accounts 2025-515,8 k €↑
14/01/2025
reconductionDirk Wouters · commissaris
2024
Annual accounts 2024-12,2 M €↑
24/05/2024
nominationBaaltje CommV · bestuurder
19/01/2024
reconductionGOALA BV · bestuurder / gedelegeerd bestuurder
2023
Annual accounts 2023-46,4 M €↓
23/10/2022
nominationGhemic BV · bestuurder
23/10/2022
nominationRia Vandoorne · bestuurder
23/10/2022
nominationGhlobal BV · bestuurder
23/10/2022
nominationPhilippe Muyters BV · bestuurder
23/10/2022
nominationJinvest BV · bestuurder
23/10/2022
nominationJuvia BV · bestuurder
23/10/2022
nominationBart Van Camp · bestuurder
30/06/2022
augmentation_capital
2022
Annual accounts 2022-32 M €↓
2021
Annual accounts 2021-10,4 M €↑
2020
Annual accounts 2020-14,8 M €↓
2019
Annual accounts 2019-8,1 M €↓
2018
Annual accounts 2018-4 M €↑
2017
Annual accounts 2017-7,4 M €↓
2016
Annual accounts 20162 M €↑
2015
Annual accounts 2015-1,1 M €↑
2014
Annual accounts 2014-1,1 M €↓
2013
Annual accounts 2013-463,6 k €↑
2012
Annual accounts 2012-581,8 k €
19/09/2011
IncorporationPublic limited company

ROYAL ANTWERP FOOTBALL 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

Registered offices

Company names

Events