ACTIVE

AFD EUPEN

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Financial year 2025 · closed on 30/06/2025

Net result

-5,4 M €

+24.5% YoY

Revenue

13,2 M €

-18.3% YoY

Equity

9 M €

+394.4% YoY

Workforce

95,5 ETP

+6.3% YoY

What does AFD EUPEN do?

AFD EUPEN is a Public limited company incorporated in 2012. Its main activity is: Activities of sports clubs. Its registered office is in Eupen. It employs on average 95,5 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0848.989.926

Incorporation

21/09/2012

Legal form

Public limited company

Registered office

Kehrweg 8
4700 Eupen · WallonieSee on map

Contributed capital

90 300 476,28 €

Latest accounts

30/06/2025

Average workforce

95,5 ETP

Activities (NACE)

93121Activities of sports clubs· main 93121Activities of sports clubs 93110Operation of sports facilities 93110Operation of sports facilities 93199Other sports activities 93199Other sports activities

Joint committees (4)

Signals

Solid equityGood liquidityHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 13 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013
Income statement
Revenue	13,2 M €	-18.3%	16,2 M €	+3.0%	15,7 M €	+5.4%	14,9 M €	+25.7%	11,9 M €	-35.1%	18,3 M €	+30.2%	14 M €	+240%	4,1 M €	-70.9%	14,2 M €	+637%	1,9 M €	+31.9%	1,5 M €	+130%	634,7 k €	-1.0%	641,3 k €
EBITDA	-5,1 M €	+11.1%	-5,7 M €	-675%	-736,8 k €	+61.6%	-1,9 M €	+80.0%	-9,6 M €	-348%	-2,1 M €	-2.3%	-2,1 M €	+70.1%	-7 M €	-279%	3,9 M €	+156%	-7,1 M €	+8.2%	-7,7 M €	-8.7%	-7,1 M €	-874%	-726,6 k €
Operating result	-5,2 M €	+24.2%	-6,9 M €	+15.4%	-8,2 M €	-62.2%	-5 M €	+62.3%	-13,4 M €	-205%	-4,4 M €	-14.7%	-3,8 M €	+56.8%	-8,9 M €	-455%	2,5 M €	+130%	-8,4 M €	+9.7%	-9,3 M €	-10.0%	-8,4 M €	-681%	-1,1 M €
Net result	-5,4 M €	+24.5%	-7,1 M €	+15.7%	-8,4 M €	-67.2%	-5 M €	+62.4%	-13,4 M €	-202%	-4,5 M €	-13.1%	-3,9 M €	+56.5%	-9 M €	-475%	2,4 M €	+130%	-8,1 M €	+13.7%	-9,3 M €	-12.4%	-8,3 M €	-663%	-1,1 M €
Balance sheet
Equity	9 M €	+394%	-3,1 M €	-176%	4 M €	+63.3%	2,5 M €	+481%	426,2 k €	-94.4%	7,7 M €	-5.6%	8,1 M €	+3.6%	7,8 M €	-34.6%	12 M €	+277%	-6,8 M €	-9.2%	-6,2 M €	-42.5%	-4,3 M €	-322%	-1 M €
Total assets	15,9 M €	+65.5%	9,6 M €	-20.0%	12 M €	-23.1%	15,6 M €	+10.5%	14,1 M €	+1.6%	13,9 M €	+8.5%	12,8 M €	-5.4%	13,6 M €	-43.5%	24 M €	+206%	7,8 M €	-18.1%	9,6 M €	-14.1%	11,1 M €	-6.8%	12 M €
Cash	2,6 M €	+1740%	144 k €	-89.7%	1,4 M €	+17.4%	1,2 M €	+832%	127,4 k €	-96.8%	3,9 M €	+868%	406,6 k €	+163%	154,5 k €	-92.1%	2 M €	+94.5%	1 M €	+212%	321,7 k €	-79.4%	1,6 M €	-4.4%	1,6 M €
Debts	6,9 M €	-45.8%	12,6 M €	+66.0%	7,6 M €	-39.2%	12,5 M €	-2.1%	12,8 M €	+113%	6 M €	+36.3%	4,4 M €	-17.1%	5,3 M €	-54.2%	11,6 M €	-16.5%	13,9 M €	-7.5%	15 M €	-0.5%	15,1 M €	+24.4%	12,1 M €
Other
Workforce	95,5 ETP	+6.3%	89,8 ETP	+6.7%	84,2 ETP	+2.2%	82,4 ETP	-9.5%	91,1 ETP	+9.6%	83,1 ETP	+0.5%	82,7 ETP	+2.5%	80,7 ETP	-0.4%	81,0 ETP	+3.6%	78,2 ETP	+4.4%	74,9 ETP	+21.4%	61,7 ETP	+12.6%	54,8 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Governance

Board of directors

Seen on filing of 30/06/2025 · 5 active · 18 ended

Active mandates

Andreas Ralph Dr BLEICHER

Director · since 17 juillet 2025 · until 17 juillet 2031

Active

Jassim Mohammed A A AL-ANSARI

Director · since 17 juillet 2025 · until 17 juillet 2031

Active

Shiekh Faleh Saud A A AL-THANI

Director · since 17 juillet 2025 · until 17 juillet 2031

Active

Tariq A. Aziz AL-NAAMA

Managing director · since 17 juillet 2025 · until 17 juillet 2031

Active

Thimothy Filiga CAHILL

Director · since 05 novembre 2021 · until 17 juillet 2025

Active

Ended mandates

Thimothy Filiga CAHILL

Director · since 05 novembre 2021 · until 06 décembre 2027

Ended

Andreas Ralf Dr. BLEICHER

Director · since 14 février 2020 · until 01 décembre 2025

Ended

Andreas Ralf Dr. BLEICHER

Director · since 14 février 2020 · until 01 décembre 2025

Ended

Andreas Ralph Dr BLEICHER

Director · since 14 février 2020 · until 01 décembre 2025

Ended

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	24/02/2026	31/01/2025	13/12/2023	22/03/2023	24/03/2022	05/03/2021
General meeting	29/01/2026	28/01/2025	16/11/2023	20/02/2023	08/02/2022	02/03/2021
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

Ratios

Financial ratios

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Filings

Annual accounts filings

13 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	30/06/2025	29/01/2026	24/02/2026	German	PDF
Full model	30/06/2024	28/01/2025	31/01/2025	German	PDF
Full model	30/06/2023	16/11/2023	13/12/2023	German	PDF
Full model	30/06/2022	20/02/2023	22/03/2023	German	PDF
Full model	30/06/2021	08/02/2022	24/03/2022	German	PDF
Full model	30/06/2020	02/03/2021	05/03/2021	German	PDF
Full model	30/06/2019	28/01/2020	29/01/2020	German	PDF
Full model	30/06/2018	13/01/2019	23/01/2019	German	PDF
Full model	30/06/2017	14/01/2018	02/02/2018	German	PDF
Full model	30/06/2016	16/01/2017	01/02/2017	German	PDF
Full model	30/06/2015	06/01/2016	28/01/2016	German	PDF
Full model	30/06/2014	16/02/2015	06/03/2015	German	PDF
Full model	30/06/2013	14/02/2014	25/02/2014	German	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 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.

Governance

Board of directors

Seen on filing of 30/06/2025 · 5 active · 18 ended

Active mandates

Andreas Ralph Dr BLEICHER

Director · since 17 juillet 2025 · until 17 juillet 2031

Active

Jassim Mohammed A A AL-ANSARI

Director · since 17 juillet 2025 · until 17 juillet 2031

Active

Shiekh Faleh Saud A A AL-THANI

Director · since 17 juillet 2025 · until 17 juillet 2031

Active

Tariq A. Aziz AL-NAAMA

Managing director · since 17 juillet 2025 · until 17 juillet 2031

Active

Thimothy Filiga CAHILL

Director · since 05 novembre 2021 · until 17 juillet 2025

Active

Ended mandates

Thimothy Filiga CAHILL

Director · since 05 novembre 2021 · until 06 décembre 2027

Ended

Andreas Ralf Dr. BLEICHER

Director · since 14 février 2020 · until 01 décembre 2025

Ended

Andreas Ralf Dr. BLEICHER

Director · since 14 février 2020 · until 01 décembre 2025

Ended

Andreas Ralph Dr BLEICHER

Director · since 14 février 2020 · until 01 décembre 2025

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Capital / shares28/05/2026
KAPITAL - AKTIEN
PDF
Mandates30/07/2025
ENTLASSUNG - ERNENNUNG
PDF
Capital / shares04/07/2025
KAPITAL - AKTIEN
PDF
Mandates19/03/2025
GESELLSCHAFTSSITZ - ENTLASSUNG - ERNENNUNG
PDF
Capital / shares02/12/2024
KAPITAL - AKTIEN
PDF
Capital / shares03/03/2023
KAPITAL - AKTIEN
PDF
Mandates02/02/2023
ENTLASSUNG - ERNENNUNG
PDF
Capital / shares21/09/2022
KAPITAL - AKTIEN
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 2025-5,4 M €↑
2024
Annual accounts 2024-7,1 M €↑
2023
Annual accounts 2023-8,4 M €↓
2022
Annual accounts 2022-5 M €↑
2021
Annual accounts 2021-13,4 M €↓
2020
Annual accounts 2020-4,5 M €↓
2019
Annual accounts 2019-3,9 M €↑
2018
Annual accounts 2018-9 M €↓
2017
Annual accounts 20172,4 M €↑
2016
Annual accounts 2016-8,1 M €↑
2015
Annual accounts 2015-9,3 M €↓
2014
Annual accounts 2014-8,3 M €↓
2013
Annual accounts 2013-1,1 M €
21/09/2012
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

AFD EUPEN

Overview

What does AFD EUPEN do?

Trend over 13 financial years

Indicative valuation

Board of directors

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