OPENING OF BANKRUPTCY

KONINKLIJKE VOETBALVERENIGING OOSTENDE

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Financial year 2023 · closed on 30/06/2023

Net result

-6 M €

-21.1% YoY

Revenue

7,6 M €

-22.2% YoY

Equity

-8,6 M €

-238.5% YoY

Workforce

65,8 ETP

+2.2% YoY

Company — Opening of bankruptcy.

What does KONINKLIJKE VOETBALVERENIGING OOSTENDE do?

KONINKLIJKE VOETBALVERENIGING OOSTENDE is a Public limited company incorporated in 2008. Its main activity is: Activities of sports clubs. Its registered office is in Oostende. It employs on average 65,8 ETP workers (FTE).

Legal situation

● Opening of bankruptcy

BCE/KBO no. / VAT

BE 0895.938.619

Incorporation

21/02/2008

Legal form

Public limited company

Registered office

Leopold Van Tyghemlaan 62
8400 Oostende · FlandreSee on map

Contributed capital

26 811 600,00 €

Latest accounts

30/06/2023

Average workforce

65,8 ETP

Activities (NACE)

93121Activities of sports clubs· main 93121Activities of sports clubs 56101Restaurants and mobile food service activities 56111Restaurants and mobile food service activities 73110Advertising agencies 73110Advertising agencies+6

Joint committees (5)

Contacts

2 public details availableLog in to view

Signals

Good liquidityHealthy 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

	2023		2022		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009
Income statement
Revenue	7,6 M €	-22.2%	9,8 M €	-23.9%	12,8 M €	-9.7%	14,2 M €	-12.7%	16,3 M €	-6.1%	17,4 M €	+40.8%	12,3 M €	+51.5%	8,1 M €	+53.8%	5,3 M €		–		–		–		–		–
EBITDA	-3,4 M €	-148%	-1,4 M €	-126%	5,2 M €	+176%	-6,9 M €	-273%	4 M €	-38.5%	6,5 M €	+227%	-5,1 M €	-111%	-2,4 M €	-65.8%	-1,5 M €	-60.7%	-910,7 k €	-700%	-113,8 k €	+71.4%	-398,4 k €	+27.2%	-547,1 k €	-16093%	-3,4 k €
Operating result	-5 M €	-29.9%	-3,9 M €	-232%	2,9 M €	+131%	-9,4 M €	-3542%	-258,1 k €	-108%	3,1 M €	+142%	-7,4 M €	-84.7%	-4 M €	-57.5%	-2,5 M €	-148%	-1 M €	-236%	-303,8 k €	+51.6%	-627,9 k €	+23.7%	-823,4 k €	-24268%	-3,4 k €
Net result	-6 M €	-21.1%	-5 M €	-283%	2,7 M €	+129%	-9,4 M €	-1784%	-501,3 k €	-118%	2,8 M €	+139%	-7 M €	-68.8%	-4,2 M €	-66.3%	-2,5 M €	-350%	-557,6 k €	-60.9%	-346,5 k €	+50.0%	-693,2 k €	+18.4%	-849,7 k €	-7799%	11 k €
Balance sheet
Equity	-8,6 M €	-239%	-2,5 M €	-149%	5,1 M €	+1567%	-349,6 k €	-106%	6 M €	+171%	-8,5 M €	+33.4%	-12,8 M €	-123%	-5,7 M €	-268%	-1,6 M €	-185%	-545,9 k €	-4775%	11,7 k €	+101%	-1,1 M €	-174%	-398,7 k €	-188%	451 k €
Total assets	17,3 M €	+13.1%	15,3 M €	+11.0%	13,8 M €	-11.8%	15,7 M €	-13.2%	18 M €	-32.7%	26,8 M €	+148%	10,8 M €	+14.2%	9,5 M €	+47.7%	6,4 M €	+142%	2,7 M €	+0.7%	2,6 M €	-2.4%	2,7 M €	+1.2%	2,7 M €	+220%	834,3 k €
Cash	967 k €	-30.6%	1,4 M €	-11.9%	1,6 M €	-71.7%	5,6 M €	+723%	679,3 k €	-59.9%	1,7 M €	+7.7%	1,6 M €	-13.6%	1,8 M €	+283%	474,8 k €	+758%	55,3 k €	+166%	20,8 k €	+6.4%	19,6 k €	-48.0%	37,6 k €	+49061%	76,6 €
Debts	25,6 M €	+45.0%	17,6 M €	+118%	8,1 M €	-45.0%	14,7 M €	+42.5%	10,3 M €	-69.4%	33,7 M €	+50.5%	22,4 M €	+54.5%	14,5 M €	+105%	7,1 M €	+159%	2,7 M €	+11.8%	2,4 M €	-30.5%	3,5 M €	+27.1%	2,8 M €	+635%	374,8 k €
Other
Workforce	65,8 ETP	+2.2%	64,4 ETP	+17.5%	54,8 ETP	-3.4%	56,7 ETP	-4.7%	59,5 ETP	+13.3%	52,5 ETP	+17.2%	44,8 ETP	-5.9%	47,6 ETP	+39.2%	34,2 ETP	+71.9%	19,9 ETP	+19.9%	16,6 ETP	0.0%	16,6 ETP	-14.9%	19,5 ETP		–

Governance

Board of directors

Seen on filing of 30/06/2022 · 6 active · 54 ended

Active mandates

Nathan Dierckens

Director · since 01 décembre 2020 · until 30 novembre 2026

Active

Randy Frankel

Director · since 01 décembre 2020 · until 30 novembre 2026

Active

Chien Lee

Director · since 08 mai 2020 · until 08 mai 2026

Active

Michael Kalt

Director · since 08 mai 2020 · until 08 mai 2026

Active

Paul Conway

Managing director · since 06 mai 2020 · until 06 mai 2026

Active

Frank Dierckens

Director · since 11 mars 2019 · until 11 mars 2025

Active

Ended mandates

Randy Frankal

Director · since 01 décembre 2020 · until 30 novembre 2026

Ended

Michel Kalt

Director · since 08 mai 2020 · until 08 mai 2026

Ended

Paul Conway

Mandate · since 06 mai 2020 · until 06 mai 2026

Ended

Frank Dierckens

Managing director · since 11 mars 2019 · until 11 mars 2025

Ended

At this address

Other companies at this address

Company	CBE no.
Koninklijke Vereniging Diksmuide Oostende● Active	0407.878.070
KVO● Bankrupt	0421.675.034

Annual accounts

Full financial information

	2023	2022	2021	2020	2019	2018
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/07/2022	01/07/2021	01/07/2020	01/07/2019	01/07/2018	01/07/2017
Closing of the financial year	30/06/2023	30/06/2022	30/06/2021	30/06/2020	30/06/2019	30/06/2018
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	13/02/2024	31/01/2023	13/01/2022	30/11/2020	20/02/2020	30/11/2018
General meeting	08/02/2024	31/12/2022	29/10/2021	30/10/2020	14/02/2020	26/10/2018
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

16 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	30/06/2023	08/02/2024	13/02/2024	Dutch	PDF
Full model	30/06/2022	31/12/2022	31/01/2023	Dutch	PDF
Full model	30/06/2021	29/10/2021	13/01/2022	Dutch	PDF
Full model	30/06/2020	30/10/2020	30/11/2020	Dutch	PDF
Full modelCorrection	30/06/2019	14/02/2020	20/02/2020	Dutch	PDF
Full model	30/06/2019	23/12/2019	23/01/2020	Dutch	PDF
Full model	30/06/2018	26/10/2018	30/11/2018	Dutch	PDF
Full model	30/06/2017	27/10/2017	27/11/2017	Dutch	PDF
Full model	30/06/2016	28/10/2016	05/12/2016	Dutch	PDF
Full model	30/06/2015	30/10/2015	01/12/2015	Dutch	PDF
Full model	30/06/2014	31/10/2014	27/11/2014	Dutch	PDF
Abridged model	30/06/2013	11/02/2014	24/03/2014	Dutch	PDF
Abridged model	30/06/2012	25/01/2013	25/02/2013	Dutch	PDF
Abridged model	30/06/2011	30/01/2012	10/02/2012	Dutch	PDF
Abridged model	30/06/2010	11/02/2011	16/02/2011	Dutch	PDF
Abridged model	30/06/2009	30/12/2009	10/03/2010	Dutch	PDF

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 30/06/2022 · 6 active · 54 ended

Active mandates

Nathan Dierckens

Director · since 01 décembre 2020 · until 30 novembre 2026

Active

Randy Frankel

Director · since 01 décembre 2020 · until 30 novembre 2026

Active

Chien Lee

Director · since 08 mai 2020 · until 08 mai 2026

Active

Michael Kalt

Director · since 08 mai 2020 · until 08 mai 2026

Active

Paul Conway

Managing director · since 06 mai 2020 · until 06 mai 2026

Active

Frank Dierckens

Director · since 11 mars 2019 · until 11 mars 2025

Active

Ended mandates

Randy Frankal

Director · since 01 décembre 2020 · until 30 novembre 2026

Ended

Michel Kalt

Director · since 08 mai 2020 · until 08 mai 2026

Ended

Paul Conway

Mandate · since 06 mai 2020 · until 06 mai 2026

Ended

Frank Dierckens

Managing director · since 11 mars 2019 · until 11 mars 2025

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Capital / shares13/02/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN
PDF
Mandates11/01/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates13/11/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates23/02/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates16/04/2021
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares18/06/2020
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
PDF
Mandates13/05/2020
ONTSLAGEN - BENOEMINGEN
PDF
Mandates13/05/2020
ONTSLAGEN - BENOEMINGEN
PDF

Source: Belgian Official Gazette

Competition

Similar companies

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

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2023
Annual accounts 2023-6 M €↓
2022
Annual accounts 2022-5 M €↓
2020
Annual accounts 20202,7 M €↑
2019
Annual accounts 2019-9,4 M €↓
2018
Annual accounts 2018-501,3 k €↓
2017
Annual accounts 20172,8 M €↑
2016
Annual accounts 2016-7 M €↓
2015
Annual accounts 2015-4,2 M €↓
2014
Annual accounts 2014-2,5 M €↓
2013
Annual accounts 2013-557,6 k €↓
2012
Annual accounts 2012-346,5 k €↑
2011
Annual accounts 2011-693,2 k €↑
2010
Annual accounts 2010-849,7 k €↓
2009
Annual accounts 200911 k €
21/02/2008
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

KONINKLIJKE VOETBALVERENIGING OOSTENDE

Overview

What does KONINKLIJKE VOETBALVERENIGING OOSTENDE do?

Trend over 14 financial years

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