KVC WESTERLO
ActiveSummary
The computed 12-month bankruptcy probability of KVC WESTERLO is 2.4% (moderate). The 2025 annual accounts show negative equity (-€1.9m) and a net result of -€11.8m. Equity fluctuates too strongly from year to year to read a trend from it. Its solvency ranks better than 15% of 514 sector peers (NACE 93, financial year 2025). The company has been active since 1988 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
Official details
Source: KBO- Status
- Active since 01-12-1988 Normal situation
- Activity
- Football clubs NACE 93121and 3 others
- Joint committees
- 200 Aanvullend Paritair Comité voor de bedienden
- 223 Nationaal Paritair Comité voor de sport
- 100 Aanvullend Paritair Comité voor de werklieden · annual accounts 30-06-2025
- Establishment units
- 2.041.739.538 2260 Westerlo, since 19-01-1989
- 2.382.641.484 2260 Westerlo, since 18-12-2025
- Financial year end
- 30 June
- Peppol
- Reachable since 26-11-2025
Board and ownership
- Cetinkaya HasanDirector · since 14-01-2022
- Ercan OktayDirector · since 14-01-2022
- Ercan Sedat BerkDirector · since 14-01-2022
- Auditor
- Vyvey & Co, Bedrijfsrevisoren
- Holdings
- Shares in 1 company WESTEL
Financial position
- Bankruptcy probabilitywithin 12 months
- 2.4%
- Turnover
- €14.4m
- ▲ 22.4%
- Operating revenue
- €30.7m
- ▲ 90.9%
- Loss
- €11.8m
- ▼ 48.7%
- Equity
- -€1.9m
- ▲ 48.3%
- Total assets
- €38.7m
- ▼ 4.6%
- Employees on 30-06-2025
- 134
- ▲ 16.5%
- Negative equity on 30-06-2025
Score breakdownraises riskNegative equity -€1.9mLoss of €11.8m, the second in a row (financial year 2025)Liquidity: current ratio 0.83, cash €135,090lowers riskSector: Sports, amusement and recreation activities (NACE 93)Show the evidence
Checked score
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 93, medium-sized). It does better than 13% of them on solvency, 20% on liquidity, 9% on profitability and 78% on growth.
The bankruptcy probability was computed on 01-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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Signals
The company filed its last 7 accounts on average 53 days before the deadline. In the sector (NACE 93), the median for financial year 2024 was 1 day before the deadline, and 42% of those companies filed late.
Searched, nothing found (2)
Key points
- Risk: Negative equitydebts exceed assets in financial year 2025 -€1.9m View
- Risk: 7 loss-making years in a rowloss in financial year 2025 -€11.8m View
- Caution: Lower net result than 95% of companies in sports and recreationsector median €11,659 · 513 companies -€11.8m View
- Positive: Result rose in 2025from -€22.9m to -€11.8m ▲ 48.7% View
- Positive: Filed on time since financial year 2019accounts within the deadline every year 7 years View
Recent changes
- · Gazette deed Miscellaneous
- · Gazette deed Amendment of the articles · Miscellaneous
- · Gazette deed Capital increase of €13,500,014.25 to €69,606,740.16
Comparable companies
These companies have the same main activity as KVC WESTERLO: football clubs (NACE 93121). They are comparable in size and age: total assets between €12m and €102m, founded between 1976 and 2003.
| Company | Total assets | Turnover |
|---|---|---|
| KVC WESTERLO Westerlo | €38.7m | €14.4m |
| STANDARD DE LIEGE Liège | €30.1m | €20.5m |
| ROYALE UNION SAINT-GILLOISE Vorst | €95.2m | €19.1m |
| YELLOW-RED KV MECHELEN Mechelen | €41.7m | €20.9m |
| K. RACING CLUB GENK 322 Genk | €102.2m | €33.5m |
| SPORTING DU PAYS DE CHARLEROI Charleroi | €21.2m | €24.8m |
| KORTRIJK VOETBALT Kortrijk | €12.0m | €6.5m |
Key facts about KVC WESTERLO
- What is the company number of KVC WESTERLO?
- The company number of KVC WESTERLO is 0436.473.670. The VAT number is the same number with BE in front: BE 0436.473.670.
- Where is KVC WESTERLO based?
- The registered office is at de Merodedreef 189, 2260 Westerlo.Company details
- What does KVC WESTERLO do?
- According to the KBO register, the main activity is football clubs (NACE 93121).
- What is the legal form of KVC WESTERLO?
- The legal form of KVC WESTERLO is Private limited company (BV).
- When was KVC WESTERLO founded?
- KVC WESTERLO was founded on 01-12-1988.
- Is KVC WESTERLO still active?
- Yes, KVC WESTERLO is an active enterprise in the KBO register.
- How many employees does KVC WESTERLO have?
- KVC WESTERLO had an average of 101.9 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does KVC WESTERLO fall under?
- In its 30-06-2025 annual accounts, KVC WESTERLO states joint committees 200 (Aanvullend Paritair Comité voor de bedienden), 223 (Nationaal Paritair Comité voor de sport) and 100 (Aanvullend Paritair Comité voor de werklieden).
- What is the turnover of KVC WESTERLO?
- The turnover of KVC WESTERLO was €14.4m in financial year 2025, according to the filed annual accounts.
- Is KVC WESTERLO profitable?
- In financial year 2025, KVC WESTERLO made a loss of €11.8m.
- Where can I find the annual accounts of KVC WESTERLO?
- KVC WESTERLO filed 36 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of KVC WESTERLO due?
- KVC WESTERLO must file the annual accounts for financial year 2026 by 31-01-2027.Timeline
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