KONINKLIJKE ATHLETIEK ASSOCIATIE GENT - Voetbalafdeling

Active

Public limited companyfounded 196461 yrs activeOttergemsesteenweg-Zuid 808, 9000 Gent, BelgiumKBO/BCE: BE 0407.885.394

Summary

KONINKLIJKE ATHLETIEK ASSOCIATIE GENT - Voetbalafdeling has been active since 1964 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €25.46M and a net result of €1.90M. Equity is shrinking by ~6.2% per year across the filed fiscal years. Its solvency ranks better than 41% of 422 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

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Checked score

Score 2025

75 / 100

Excellent

The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability81▼-2

Solvency49=

Growth52=

Track record100

Bankruptcy probability, 12 months

0.1% Very low

0%0.5%1.5%4%10%≥ 25%

Credit up to €1.9M at 30 days acceptable

Liquidity ample (current ratio 1.59 against 1.51 in 2024; short-term debt: 27.8% and cash: 8.5% of total assets), but 76% of the assets are financed with debt.

How do we compute the score and the probability?

Credit check for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Lower-failure-rate sector

In this sector companies fail less often than the Belgian average.

Gazette · bankruptcies per sector, NACE 93

Relative position

BE, all sectors

reference

Sector 93

lower

← fewer bankruptcies more bankruptcies →

Multiple establishment units

Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.

KBO · establishment units

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

24%

Return on assets

1.8%

Age of the figures

15 mo

Lower-risk legal form

Companies with this legal form statistically fail less often than a BV.

KBO · legal form

A punctual record breaks

This company filed 6 consecutive financial years on time. The year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 10-02-2026, 10 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.

NBB · 7 filings

Deviation from the deadline

2025

10 d late

2024

45 d early

2023

65 d early

2022

63 d early

2021

56 d early

2020

54 d early

2019

66 d early

← before the deadline after the deadline →

Checked, nothing found (2)

The next deadline is still running

The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.

Companies Code · seven months

Position in the running window

30-06-2026 close24-09-2026 today31-01-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, full schema, statutory accounts

Turnover

€37.50M▲ 5.4%

2024 · €35.57M

2019: €32.04M 2020: €37.02M 2021: €28.17M 2022: €37.48M 2023: €39.16M 2024: €35.57M

2019 → 2025

EBIT margin

7.2%▼ 13.9pp

2024 · 21.1%

2019: 3.9% 2020: -14.9% 2021: -7.2% 2022: -15.3% 2023: -45.9% 2024: 21.1%

2019 → 2025

Net result

€1.90M▼ 56.3%

2024 · €4.34M

2019: €915k 2020: €-5.81M 2021: €-2.34M 2022: €-6.12M 2023: €-18.34M 2024: €4.34M

2019 → 2025

Working capital

€17.41M▲ 14.8%

2024 · €15.16M

2019: €19.58M 2020: €13.83M 2021: €6.84M 2022: €2.09M 2023: €-8.92M 2024: €15.16M

2019 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Turnover€28.17M-€37.48M▲ 33.1%€39.16M▲ 4.5%€35.57M▼ 9.1%€37.50M▲ 5.4%

Equity€22.68M-€16.56M▼ 27.0%€-1.78M€23.57M€25.46M▲ 8.0%

Operating result€-2.03M-€-5.73M▼ 182%€-17.96M▼ 213%€7.51M€2.69M▼ 64.2%

Net result€-2.34M-€-6.12M▼ 161%€-18.34M▼ 200%€4.34M€1.90M▼ 56.3%

Result per fiscal year

Operating resultNet result

The operating result falls in 2025; 2025 is 64% below 2024.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €106.16M

55.8%

44.2%

Fixed assets €59.24M ▲ 15.2%

Current assets €46.92M ▲ 3.9%

Equity and liabilities €106.16M

24.0%

75.0%

Equity €25.46M ▲ 8.0%

Provisions €1.07M ▼ 24.6%

Debt €79.63M ▲ 11.2%

Debt's share of the balance-sheet total rises from 74.1% to 75.0%. Equity and debt are higher.

Key figures and ratios

2025 value · change against 2024

EBITDA

€16.30M▼

2024 · €19.20M

Cash flow

€15.51M▼

2024 · €16.03M

Current ratio

1.59▲

2024 · 1.51

Debt to equity

3.13▲

2024 · 3.04

ROE

7.4%▼

2024 · 18.4%

ROA

1.8%▼

2024 · 4.5%

Interest coverage

23.46▼

2024 · 25.40

Debt ≤ 1 year

€29.52M▼

2024 · €30.01M

Debt > 1 year

€40.89M▲

2024 · €31.30M

Income taxes

€118k▼

2024 · €2.44M

Staff costs

€34.92M▼

2024 · €38.14M

Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Filed annual accounts As filed with the NBB · 2025 against 2024 · 85 lines

Balance sheet Code20242025

Assets

Total assets20/58€96.58M€106.16M▲

Fixed assets21/28€51.41M€59.24M▲

Intangible fixed assets21€21.70M€30.09M▲

Tangible fixed assets22/27€23.44M€22.88M▼

Land and buildings22€22.66M€21.40M▼

Plant, machinery and equipment23€620k€429k▼

Furniture and vehicles24€154k€1.05M▲

Financial fixed assets28€6.27M€6.27M=

Affiliated companies280/1€4.55M€4.55M=

Participating interests280€4.55M€4.55M=

Other financial fixed assets284/8€1.72M€1.72M=

Shares284€1.67M€1.67M=

Amounts receivable and cash guarantees285/8€54k€54k=

Current assets29/58€45.17M€46.92M▲

Amounts receivable after more than one year29€20.33M€11.91M▼

Trade receivables290€20.33M€11.91M▼

Amounts receivable within one year40/41€20.50M€24.54M▲

Trade receivables40€20.30M€22.37M▲

Other amounts receivable41€203k€2.17M▲

Cash at bank and in hand54/58€1.82M€9.06M▲

Deferred charges and accrued income490/1€2.52M€1.41M▼

Equity and liabilities

Total equity and liabilities10/49€96.58M€106.16M▲

Equity10/15€23.57M€25.46M▲

Contributions10/11€31.00M€31.00M=

Capital10€31.00M€31.00M=

Issued capital100€31.00M€31.00M=

Reserves13€7.64M€7.74M▲

Non-distributable reserves130/1€7.64M€7.74M▲

Reserves not available under the articles1311€1.22M€1.31M▲

Other1319€6.42M€6.42M=

Profit (loss) carried forward14€-15.07M€-13.27M▲

Provisions and deferred taxes16€1.42M€1.07M▼

Provisions for liabilities and charges160/5€1.42M€1.07M▼

Other liabilities and charges164/5€1.42M€1.07M▼

Amounts payable17/49€71.59M€79.63M▲

Amounts payable after more than one year17€31.30M€40.89M▲

Financial debts170/4€19.76M€18.95M▼

Leasing and similar obligations172€18.31M€17.68M▼

Other loans174€1.46M€1.26M▼

Trade debts175€6.14M€6.94M▲

Suppliers1750€6.14M€6.94M▲

Other amounts payable178/9€5.40M€15.00M▲

Amounts payable within one year42/48€30.01M€29.52M▼

Current portion of amounts payable after more than one year42€986k€1.23M▲

Trade debts44€20.52M€20.78M▲

Suppliers440/4€20.52M€20.78M▲

Taxes, remuneration and social security45€7.40M€5.36M▼

Taxes450/3€2.85M€1.70M▼

Remuneration and social security454/9€4.55M€3.66M▼

Other amounts payable47/48€1.11M€2.15M▲

Accrued charges and deferred income492/3€10.28M€9.22M▼

Income statement Code20242025

Operating income70/76A€93.43M€81.16M▼

Turnover70€35.57M€37.50M▲

Other operating income74€57.85M€43.66M▼

Operating charges60/66A€85.92M€78.47M▼

Goods for resale, raw materials and consumables60€129k€357k▲

Purchases600/8€129k€357k▲

Services and other goods61€20.85M€22.22M▲

Remuneration, social security and pensions62€38.14M€34.92M▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11.69M€13.62M▲

Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€58k-

Provisions for liabilities and charges: additions (uses and reversals)635/8-€-349k

Other operating charges640/8€8.77M€6.72M▼

Non-recurring operating charges66A€6.28M€988k▼

Operating profit (loss)9901€7.51M€2.69M▼

Financial income75/76B€74k€139k▲

Recurring financial income75€74k€139k▲

Income from financial fixed assets750€14k€133k▲

Other financial income752/9€60k€5k▼

Financial charges65/66B€805k€812k▲

Recurring financial charges65€805k€812k▲

Debt charges650€756k€695k▼

Write-downs on current assets other than stocks, contracts in progress and trade receivables: additions (reversals)651€40k-

Other financial charges652/9€9k€117k▲

Profit (loss) for the period before taxes9903€6.78M€2.01M▼

Income taxes67/77€2.44M€118k▼

Taxes670/3€2.44M€285k▼

Tax adjustments and reversals of tax provisions77-€166k

Profit (loss) for the period9904€4.34M€1.90M▼

Profit (loss) for the period to be appropriated9905€4.34M€1.90M▼

Appropriation of the result

Profit (loss) to be appropriated9906€-14.86M€-13.18M▲

Profit (loss) brought forward from the previous period14P€-19.20M€-15.07M▲

Transfer to equity691/2€217k€95k▼

To the legal reserve6920€217k€95k▼

Social balance

Average headcount (FTE)9087115.8115.6▼

The notes to these accounts (72 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 39Financial 5Gazette 24Filings 10

Next filing, fiscal year 2026, expected by 31-01-2027

2026

26-08

State Gazette act Restructuring · Miscellaneous

Merger · Accounting effect · Power of attorney4 facts ▸

Merger, met fusie door overneming gelijkgestelde rechtshandeling
Accounting effect, 01-07-2026
Power of attorney, Sébastien Ronse
Power of attorney, Steven Beulque

10-02

NBB filing Annual accounts filed

fiscal year 2025 · full schema · 10 days late

2025

21-10

State Gazette act Resignation: Geert Vergaerde (director)

Appointment: Frank Van Goethem (director)2 facts ▸

Director resignation, Geert Vergaerde (director)
Director appointment, Frank Van Goethem (director)

09-07

State Gazette act Appointments: Samuel Baro, Gio & Co BV and 4 others

Resignations: Ivan De Witte (director) and LOUWAGE SPORT MANAGEMENT (director)9 facts ▸

General meeting, 24-06-2025
Director appointment, Samuel Baro (director)
Director appointment, Gio & Co BV (director)
Director appointment, Evelien van Hyfte (director)
Director appointment, Nelis De Clercq (director)
Director appointment, Kaat De Smet (director)
Director appointment, Geert Vergaerde (director)
Director resignation, Ivan De Witte
Director resignation, LOUWAGE SPORT MANAGEMENT

30-06

Financial Equity above €25MEq €25.46M ▲8%

2 profitable years in a row build equity to €25.46M.

2024

17-12

NBB filing Annual accounts filed

fiscal year 2024 · full schema

11-10

State Gazette act Reappointments: BARO, Samuel Paula Robert Maria, Gio & Co. and 6 others

Permanent representatives: VERKOOREN, Giovanni and Louwagie Michel Marc Camiel11 facts ▸

General meeting, 16-09-2024
Director reappointment, BARO, Samuel Paula Robert Maria (director)
Director reappointment, Gio & Co. (director)
Permanent representative, VERKOOREN, Giovanni
Director reappointment, VAN HYFTE, Evelien André Georgette (director)
Director reappointment, DE SMET, Kaatje Marleen Marie José Paula (director)
Director reappointment, DE CLERCQ, Nelis Jan (director)
Director reappointment, DE WITTE Ivan Maurice Germain (director)
Director reappointment, LOUWAGIE SPORT MANAGEMENT (director)
Permanent representative, Louwagie Michel Marc Camiel
Director reappointment, VERGAERDE, Geert André (director)

30-09

State Gazette act Resignations: Ivan De Witte, LMSM BV and Patrick Devers

Appointment: Samuel Baro (chair) · Power of attorney · Delegation of powers9 facts ▸

Board meeting, 04-06-2024
Director resignation, Ivan De Witte (chair)
Director appointment, Samuel Baro (chair)
Director resignation, LMSM BV (managing director)
Director appointment, Samuel Baro (managing director)
Director resignation, Patrick Devers (secretary)
Power of attorney, Sébastien RONSE
Power of attorney, Luc ADRIAENSENS
Delegation of powers, meest ruime bevoegdheden, alleen optreden, vertegenwoordiging in en buiten rechte, transfer van spelers, contracten met leveranciers en sponsors

30-06

Financial Back to profitnet €4.34M

Net result €4.34M after 4 loss-making years.

30-06

Financial Liquidity doublescurrent ratio 1.51

Current ratio from 0.61 to 1.51.

30-06

Financial Equity above €10MEq €23.57M

Equity rises from €-1.78M to €23.57M.

01-02

State Gazette act Reappointment: EY Bedrijfsrevisoren (statutory auditor)

Permanent representative: Francis Boelens3 facts ▸

General meeting, 07-11-2023
Auditor reappointment, EY Bedrijfsrevisoren
Permanent representative, Francis Boelens

Show earlier events

2023

27-11

NBB filing Annual accounts filed

fiscal year 2023 · full schema

25-08

State Gazette act Appointments: Ivan De Witte (chair of the board) and Louwagie Sport Management (managing director)

Permanent representative: Michel Louwagie4 facts ▸

Board meeting, 20-07-2023
Director appointment, Ivan De Witte (chair of the board)
Director appointment, Louwagie Sport Management (managing director)
Permanent representative, Michel Louwagie

25-07

State Gazette act Resignations: De Witte Ivan Maurice Germain, Devers Patrick and 9 others

Legal-form conversion · Purpose change · Capital increase38 facts ▸

General meeting, 20-07-2023
Legal-form conversion, Coöperatieve vennootschap met beperkte aansprakelijkheid met sociaal oogmerk -> Naamloze vennootschap
Purpose change, Wijziging van het voorwerp, de doelen, de finaliteit en de waarden van de Vennootschap
Capital increase, €21.000.000
Share issue, 27097, EUR 10.000.000
Bank account, BE44 8939 4401 1745
Net-asset statement, 30-04-2023
Reserve release, Statutair onbeschikbare reserverekening
Director resignation, De Witte Ivan Maurice Germain (a1 bestuurder)
Director resignation, Devers Patrick (a1 bestuurder)
Director resignation, Dewispelaere Marc Edward Camiel Marie (a1 bestuurder)
Director resignation, LOUWAGIE SPORT MANAGEMENT (a1 bestuurder)
+26 further facts in this act

92.4% of this act was read; anything after the cut is not in this list.Read the act at the Belgisch Staatsblad ↗

30-06

Financial Weakest financial yearnet €-18.34M

Net result drops to €-18.34M, the lowest in the series; recovery starts the following year.

20-06

NBB filing Annual accounts filed

fiscal year 2022 · consolidated

2022

29-11

NBB filing Annual accounts filed

fiscal year 2022 · full schema

2021

06-12

NBB filing Annual accounts filed

fiscal year 2021 · full schema

06-12

NBB filing Annual accounts filed

fiscal year 2021 · consolidated

18-11

State Gazette act Reappointment: EY Bedrijfsrevisoren BV (statutory auditor)

Permanent representative: Francis BOELENS3 facts ▸

General meeting, 13-11-2020
Auditor reappointment, EY Bedrijfsrevisoren BV
Permanent representative, Francis BOELENS

23-09

State Gazette act Reappointment: Koninklijke Athletiekassociatie - Voetbalafdeling (statutory auditor)

2 facts ▸

General meeting, 13-11-2020
Auditor reappointment, Koninklijke Athletiekassociatie - Voetbalafdeling

2020

08-12

NBB filing Annual accounts filed

fiscal year 2020 · full schema

08-12

NBB filing Annual accounts filed

fiscal year 2020 · consolidated

2019

26-11

NBB filing Annual accounts filed

fiscal year 2019 · full schema

2018

06-11

State Gazette act Reappointment: Ernst & Young Bedrijfsrevisoren BCVBA (statutory auditor)

Permanent representative: Francis Boelens3 facts ▸

General meeting, 03-11-2017
Auditor reappointment, Ernst & Young Bedrijfsrevisoren BCVBA (statutory auditor)
Permanent representative, Francis Boelens

19-06

State Gazette act Statutes amendment

Power of attorney · Accounting effect6 facts ▸

General meeting, 28-05-2018
Statutes amendment
Statutes amendment
Statutes amendment
Power of attorney, RONSE Sébastien
Accounting effect, 30-06-2018

2016

19-07

State Gazette act Withdrawals: Louwagie Sport Management, Bruggeman, Frank Charlotte Maurice and Van Loo, Dirk Ghislain Engelbert

Admissions: Louwagie, Michel Marc Camiel, BUFFALO and 7 others · Reappointments: De Witte, Ivan Maurice Germain, Devers, Patrick and 10 others · Appointments: De Witte, Ivan Maurice Germain (chair of the board) and Louwagie Sport Management (managing director)36 facts ▸

General meeting, 22-06-2016
Member resignation, Louwagie Sport Management
Member resignation, Bruggeman, Frank Charlotte Maurice
Member resignation, Van Loo, Dirk Ghislain Engelbert
Member admission, Louwagie, Michel Marc Camiel
Member admission, BUFFALO
Member admission, VDK SPAARBANK
Member admission, Adriaensens, Luc Louis Henri
Member admission, Piens, Dirk Gerard Céline
Member admission, Platel, Serge Marie Hélène Joseph
Member admission, Ronse, Sébastien Gilles
Member admission, Follens, Sarah Marth Michel
+24 further facts in this act

2015

24-12

State Gazette act Statutes amendment

Name change3 facts ▸

General meeting, 29-06-2015
Name change, VZW KONINKLIJKE ATHLETIEK ASSOCIATIE GENT-VOETBALAFDELING
Statutes amendment

24-12

State Gazette act Appointment: Philip De Hulsters (director)

2 facts ▸

General meeting, 29-06-2015
Director appointment, Philip De Hulsters (director)

2014

18-11

State Gazette act Appointments: Kathleen Van den Neste, Patrick Devers and 3 others

Permanent representatives: Michel Louwagie and Marnix Van Dooren14 facts ▸

General meeting, 07-04-2014
Director appointment, Kathleen Van den Neste (director)
Director appointment, Patrick Devers (director)
Director appointment, Frank Demeyer (director)
Director appointment, Wim Van Parjs (director)
Board composition, Ivan De Witte (voorzitter bestuurder)
Board composition, Marc Dewispelaere (director)
Board composition, Roland Standaert (director)
Board composition, Dominique De Braekeleir (director)
Board composition, Frans Verheeke (director)
Board composition, LMSM (gedelegeerd bestuurder)
Permanent representative, Michel Louwagie
+2 further facts in this act

06-11

State Gazette act Statutes amendment

2 facts ▸

General meeting, 07-04-2014
Statutes amendment

2013

17-09

State Gazette act Registered office

Registered-office move2 facts ▸

Board meeting, 14-08-2013
Registered-office move, Ottergemsesteenweg Zuid, 808, 9000 Gent

2012

28-02

State Gazette act Appointments: Ivan De Witte, Marc De Wispelaere and 6 others

9 facts ▸

General meeting, 16-01-2012
Director appointment, Ivan De Witte (voorzitter bestuurder)
Director appointment, Marc De Wispelaere (director)
Director appointment, Paul Vanderdonckt (director)
Director appointment, Ronny de Baere (director)
Director appointment, Roland Standaert (director)
Director appointment, Dominique De Braekeleir (director)
Director appointment, LMSM (director)
Director appointment, Frans Verheeke (director)

2011

10-05

State Gazette act Resignations & appointments

Power of attorney2 facts ▸

Board meeting, 19-03-2010
Power of attorney, LOUWAGIE MICHEL SPORTMANAGEMENT

26-04

State Gazette act Reappointment: VAN WEMMEL-KAKEKEBEKE bvba (statutory auditor)

3 facts ▸

General meeting, 17-01-2011
Board meeting, 17-01-2011
Auditor reappointment, VAN WEMMEL-KAKEKEBEKE bvba

2010

24-08

State Gazette act Reappointments: Ivan De Witte, Marc De Wispelaere and 5 others

Power of attorney10 facts ▸

General meeting, 08-12-2008
Director reappointment, Ivan De Witte (director)
Director reappointment, Ivan De Witte (chair)
Director reappointment, Marc De Wispelaere (director)
Director reappointment, Paul Vanderdonckt (director)
Director reappointment, Ronny de Baere (director)
Director reappointment, Roger Flammang (director)
Director reappointment, Roland Standaert (director)
Director reappointment, Dominique De Braekeleir (director)
Power of attorney, Ivan De Witte

2008

21-04

State Gazette act Reappointment: B.V ow B.V.B.A Van Wemmel - Kaekebeke (statutory auditor)

2 facts ▸

General meeting, 28-01-2008
Auditor reappointment, B.V ow B.V.B.A Van Wemmel - Kaekebeke

2005

05-08

State Gazette act Reappointments: Ivan De Witte, Yannick De Clercq and 8 others

Regularization12 facts ▸

General meeting, 22-12-2003
Director reappointment, Ivan De Witte (chair)
Director reappointment, Yannick De Clercq (1° ondervoorzitter)
Director reappointment, Roger Flammang (2º ondervoorzitter)
Director reappointment, Ronny de Baere (member)
Director reappointment, Dominique De Braeckeleir (member)
Director reappointment, Marc Dewispelaere (member)
Director reappointment, Marc Mortier (member)
Director reappointment, Roland Standaert (member)
Director reappointment, Paul Vanderdonckt (member)
Director reappointment, Rene Verstringhe (member)
Regularization, 30-06-2005

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

29 directors, last change in 2025

Frank Van Goethem

Director · since 17-10-2025

Current

BV Gio & Co

Director · since 01-07-2025 · Legal entity

Current

Evelien van Hyfte

Director · since 01-07-2025

Current

Kaat De Smet

Director · since 01-07-2025

Current

Nelis De Clercq

Director · since 01-07-2025

Current

BARO, Samuel Paula Robert Maria

Director · since 16-09-2024

Current

23 other directors

DE CLERCQ, Nelis Jan

Director · since 16-09-2024

Current

DE SMET, Kaatje Marleen Marie José Paula

Director · since 16-09-2024

Current

Geert André Vergaerde

Director · since 16-09-2024

Current

Gio & Co.

Director · since 16-09-2024 · Private limited company · perm. rep.: VERKOOREN, Giovanni

Current

LOUWAGIE SPORT MANAGEMENT

Director · since 16-09-2024 · Private limited company · perm. rep.: Louwagie, Michel Marc Camiel

Current

VAN HYFTE, Evelien André Georgette

Director · since 16-09-2024

Current

Samuel Baro

Director · since 04-06-2024

Current

Louwagie Sport Management

Managing director · since 20-07-2023 · Legal entity · perm. rep.: Michel Louwagie

Current

De Braekeleir, Dominique Gaston Marie Leon

A2 bestuurder

Not recently confirmed

Standaert, Roland Gustaaf Cesar

A2 bestuurder

Not recently confirmed

de heer Wim Van Parjs

Director · since 07-04-2014

Not recently confirmed

Kathleen Van den Neste

Director · since 07-04-2014

Not recently confirmed

de heer Dominique De Braekeleir

Director · since 08-12-2008

Not recently confirmed

de heer Frans Verheeke

Director · since 16-01-2012

Not recently confirmed

de heer Roland Standaert

Director · since 22-12-2003

Not recently confirmed

LMSM

Director · since 16-01-2012 · Legal entity

Not recently confirmed

Ronny de Baere

Director · since 22-12-2003

Not recently confirmed

Vanderdonckt Paul

Director · since 22-12-2003

Not recently confirmed

Roger Flammang

Director · since 22-12-2003

Not recently confirmed

Dominique De Braeckeleir

Member · since 22-12-2003

Not recently confirmed

Marc Mortier

Member · since 22-12-2003

Not recently confirmed

Rene Verstringhe

Member · since 22-12-2003

Not recently confirmed

Yannick De Clercq

1° ondervoorzitter · since 22-12-2003

Not recently confirmed

17-10-2025 Frank Van Goethem: Appointed as Director

30-09-2025 Geert Vergaerde: Resigned as Director

01-07-2025 BV Gio & Co: Appointed as Director

01-07-2025 Evelien van Hyfte: Appointed as Director

01-07-2025 Kaat De Smet: Appointed as Director

Full history in the Timeline (69 changes) →

Not every act has been read: a resignation may be missing here

1 act was read only in part. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.

Location & real-estate footprint

Registered office, Gent · 3 establishment units since 2006

establishment approximate All 3 establishment units on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Ottergemsesteenweg-Zuid 8089000 Gent

Ground area

10.2 ha

Building footprint

2.2 ha

Volume, LiDAR

256,086 m³

3 parcels, Flanders · tallest building 40.8 m, ±4 floors. Linked by address, not a title deed.

3 establishment units

KAA Gent

Ottergemsesteenweg-Zuid 808, 9000 GentFootball clubs

since 20062.153.863.521

François Van Impelaan 54, 9041 Gent

Football clubs

since 20212.315.862.033

Buffalo Talent Center

Warmoezeniersweg 8, 9000 GentFootball clubs

since 20212.315.862.132

3 parcels

Flanders 3 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
44051B0517/00F000	Flanders	5.0 ha	1 · 1,319 m²	11.4 m · 1 fl.
44808H0602/00T003	Flanders	3.2 ha	1 · 2.0 ha	40.8 m · 4 fl.
44808H0345/00D000	Flanders	2.0 ha	-	-

Linked by address, not proof of ownership

Methodology

via registered seat: 1 · via establishment units: 2

3 of 3 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Statutory auditor

1 auditor

EY BedrijfsrevisorenCurrent

Auditor · represented by Francis Boelens

07-11-2023 → present

Show 5 earlier auditors

B.V ow B.V.B.A Van Wemmel - Kaekebeke Auditor succeeded by VAN WEMMEL-KAKEKEBEKE bvba in 2011	28-01-2008 → 17-01-2011
Ernst & Young Bedrijfsrevisoren BCVBA Statutory auditor · represented by Francis Boelens succeeded by Ernst et Young Reviseurs d'Entreprises in 2016	01-01-2013 → 22-06-2016
Ernst et Young Reviseurs d'Entreprises Auditor succeeded by EY Bedrijfsrevisoren BV in 2020	22-06-2016 → 13-11-2020
EY Bedrijfsrevisoren BV Auditor · represented by Francis BOELENS succeeded by EY Bedrijfsrevisoren in 2023	13-11-2020 → 07-11-2023
VAN WEMMEL-KAKEKEBEKE bvba Auditor · represented by Joseph VAN WEMMEL succeeded by Ernst & Young Bedrijfsrevisoren BCVBA in 2013	17-01-2011 → 01-01-2013

Articles of association

Financial year

From 1 June to 31 May

according to the deed of 19-07-2016

Purpose

Het ontwikkelen, promoten en begeleiden van de voetbalsport in al haar vormen; ... (full text in new statutes)

according to the deed of 25-07-2023

Structure & network

Connections & network

12 connected companies

Shared directors

Linked via shared directors

Citadel Finance

via Frank Van Goethem · Director (executive)

→

Grondbank The Loop

via Frank Van Goethem · Voorzitter van de directieraad

→

OFP Prolocus

via Geert André Vergaerde · Director

→

WAALSE KROOK

via Frank Van Goethem · Lid van het managementcomité

former→

Show 8 more companies with a shared director

ELIA ASSET

Shared director

→

Elia Group

Shared director

→

Fédération belge du Secteur Financier - Belgische Federatie van de Financiële Sector - Belgian Financial sector Federation

Shared director

→

Hefboom

Shared director

→

Katholieke Universiteit te Leuven

Shared director

→

PRO LEAGUE

Shared director

→

RETAIL ESTATES

Shared director

→

vdk bank

Shared director

→

Acquisitions and mergers

1 transaction

Took over:HORECA FOOT BV

BE 0897.467.556operation treated as a merger by absorption · proposal · State Gazette act of 26-08-2026 (2 acts)

Capital and shareholders

Shareholders according to the acts

After the capital increase act of 25-07-2023 ↗

KrosPoint (BE 0803.278.576)

The Belgian State Gazette names shareholders only when an act mentions them; the share register itself is not published.

Capital over the years

25-07-2023 Capital increase of 21,000,000 EUR · to 31,000,000 EUR · 27,097 new shares
19-07-2016 Capital stated in the act · 10,000,000 EUR · 10,000 shares

Public money · subsidies and aid

Flemish government

2024 to 2025 · 3 entries · 107,551 EUR awarded · 86,000 EUR paid

Year	Entries	awarded	paid
2025	2	0 EUR	0 EUR
2024	1	107,551 EUR	86,000 EUR

Schemes

Ontwikkelingsproject

3 entries · 107,551 EUR · 86,000 EUR paid · Fonds voor Innoveren en Ondernemen

Federal government

2024 to 2025 · 2 entries · 13,794 EUR in total

Year	Department	Transactions	Amount
2025	FOD Binnenlandse Zaken	1	5,794 EUR
2024	FOD Binnenlandse Zaken	1	8,000 EUR

Budget allocations

Subsidies aan de voetbalwereld – aan andere producenten dan overheidsbedrijven

2 entries · 13,794 EUR

Recognitions · licences · registrations

Dual-learning approval

5 ended

Medewerker schilder- en behangwerken duaal (so)

ended · 2019 to 2024

Onderhoudsmedewerker (vwo)

ended · 2019 to 2024

Onderhoudsmedewerker duaal (so)

ended · 2019 to 2024

Polyvalent onderhoudswerker gebouwen (so)

ended · 2019 to 2024

Schilder (so)

ended · 2019 to 2024

Legal Entity Identifier

549300E0STT1BVBD6W11

no longer live in the LEI register

Similar companies · same sector, comparable size

ROYALE UNION SAINT-GILLOISE

BE 0417.144.936

Vorst · Eq €22.15M

Club Brugge Foundation

Denderleeuw · Eq €14.11M

K. RACING CLUB GENK 322

La Louvière · Eq €9.74M

Of 1,396 companies in sector 93121 we hold annual accounts for 151. 19 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Company data · Crossroads Bank

Identification

Legal formPublic limited company

Founded26-11-1964

Fiscal year end30-06

Abbreviation NL K.A.A.GENT

Activities, NACEBEL 2025

93121Football clubs

Sources

Crossroads Bank for EnterprisesNational Bank · 26 filingsAddress and cadastre registers

Scores and ratios are computed by Checked and are not a credit decision.

Contact details

2 entries

E-mail:info@kaagent.be

Establishment Gent 2.153.863.521

Phone:09 330 23 23

Establishment Gent 2.153.863.521