OPENING OF BANKRUPTCY

KONINKLIJKE VOETBALVERENIGING OOSTENDE

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Company — Opening of bankruptcy.

Financial year 2023 · Closed on 30/06/2023

Net result-6 M €-21,1 %over 1 year

Revenue7,6 M €-22,2 %over 1 year

Equity-8,6 M €-238,5 %over 1 year

Workforce65,8 ETP+2,2 %over 1 year

Identity

Source · BCE/KBO

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

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Signals

Good liquidityHealthy social debtsHigh revenue

Financials

Source · NBB, 16 filings

Trend over 14 financial years

	2023		2022		2020		2019		2018
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 €
EBITDA	-3,4 M €	-148%	-1,4 M €	-126%	5,2 M €	+176%	-6,9 M €	-273%	4 M €
Operating result	-5 M €	-29.9%	-3,9 M €	-232%	2,9 M €	+131%	-9,4 M €	-3542%	-258,1 k €
Net result	-6 M €	-21.1%	-5 M €	-283%	2,7 M €	+129%	-9,4 M €	-1784%	-501,3 k €
Balance sheet
Equity	-8,6 M €	-239%	-2,5 M €	-149%	5,1 M €	+1567%	-349,6 k €	-106%	6 M €
Total assets	17,3 M €	+13.1%	15,3 M €	+11.0%	13,8 M €	-11.8%	15,7 M €	-13.2%	18 M €
Cash	967 k €	-30.6%	1,4 M €	-11.9%	1,6 M €	-71.7%	5,6 M €	+723%	679,3 k €
Debts	25,6 M €	+45.0%	17,6 M €	+118%	8,1 M €	-45.0%	14,7 M €	+42.5%	10,3 M €
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

Board of directors

Source · NBB, accounts to 30/06/2022

2 active · 24 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Nathan Dierckens	Director01/12/2020 → 30/11/2026
Randy Frankel	Director01/12/2020 → 30/11/2026

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Randy Frankal	Director01/12/2020 → 30/11/2026
Chien Lee	Director08/05/2020 → 08/05/2026
Michael Kalt	Director08/05/2020 → 08/05/2026
Michel Kalt	Director08/05/2020 → 08/05/2026

Other companies at this address

Leopold Van Tyghemlaan 62 8400 Oostende

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

Full financial information

Source · NBB

	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

Financial ratios

Source · NBB

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Annual accounts filings

Source · NBB, 16 filings

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

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.

Board of directors

Source · NBB, accounts to 30/06/2022

2 active · 24 ended

Active mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Nathan Dierckens	Director01/12/2020 → 30/11/2026
Randy Frankel	Director01/12/2020 → 30/11/2026

Ended mandates

Director	Mandates in this company	Period	Other mandatescurrentendedstruck offbankruptcies
Randy Frankal	Director01/12/2020 → 30/11/2026
Chien Lee	Director08/05/2020 → 08/05/2026
Michael Kalt	Director08/05/2020 → 08/05/2026
Michel Kalt	Director08/05/2020 → 08/05/2026

Ownership and network

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Belgian Official Gazette publications

Source · Belgian Official Gazette

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

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Timeline

Source · CBE, NBB annual accounts

Year

Identity

Incorporation

Name

Registered office

Annual accounts

Filings14 filings

Mandates

Randy Frankel

Nathan Dierckens

Randy Frankal

Michel Kalt

Michael Kalt

Chien Lee

Paul Conway

Frank Dierckens

Peter Callant

Andre Cattellion

WF Consulting

MYLECKE MANAGEMENT, ART & INVEST

and 14 more mandates

2008200920102011201220132014201520162017201820192020202120222023202420252026

KONINKLIJKE VOETBALVERENIGING OOSTENDE

Leopold Van Tyghemlaan 62, 8400 Oostende

Director

Managing director

DirectorManaging director

Managing director

Director

CurrentPlanned, not yet servedEndedAccounts filedToday

Registered offices

Source · NBB annual accounts, CBE

Registered address	Period	Source
Leopold Van Tyghemlaan 62, 8400 OostendeCurrent	accounts 2022 → 2023	Accounts 2023 · 2024-00029886

Company names

Source · NBB annual accounts, CBE

Name	Period	Source
KONINKLIJKE VOETBALVERENIGING OOSTENDECurrent	accounts 2009 → 2023	Accounts 2023 · 2024-00029886

Events

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

KONINKLIJKE VOETBALVERENIGING OOSTENDE

Overview

Identity

Financials

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