Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
Financials
Financial year 2025
KONINKLIJKE ATLETIEKASSOCIATIE GENT from Gent, company number BE0400030869, closed financial year 2025 with a result of € -590,655 after tax. For that financial year KONINKLIJKE ATLETIEKASSOCIATIE GENT recorded a gross margin of € 147,531 and equity of € 8.5 million. Compared with financial year 2024, the result moved from € -690,465 to € -590,655. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on August 28, 2026.
€ 8.5 million
▼ 7% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -590,655
▲ 14 % less loss than in 2024
Profit after tax over the fiscal year.
€ 465,494
▲ € 454,936 vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € 4 million.
People and assets in 2025
€ 34,238
▼ 17% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 3.3 million
▲ 64% vs 2024
€ 159,818 is repaid this year. At this pace the long-term loan is gone in ≈ 21 years.
€ 444,757
▲ 21% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 9,887
▲ 6% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 247,097 | € 205,183 | € -108,484 | € 147,531 | ▲ € 256,016 |
| Profit after taxes | € -163,195 | € -162,569 | € -690,465 | € -590,655 | ▲ € 99,810 |
| Equity | € 6,344,683 | € 6,133,813 | € 9,145,047 | € 8,506,091 | ▼ 7% |
| Total debts | € 3,716,911 | € 3,783,304 | € 2,491,893 | € 3,923,561 | ▲ 57% |
| Cash | € 353,868 | € 22,255 | € 10,557 | € 465,494 | ▲ € 454,936 |
| Land & buildings | € 11,516,858 | € 11,361,087 | € 11,193,693 | € 12,380,255 | ▲ 11% |
| Retained profit | € 5,454,944 | € 5,292,375 | € 4,601,910 | € 4,011,255 | ▼ 13% |
| Bank debt | € 3,298,539 | € 3,440,031 | € 2,039,447 | € 3,342,261 | ▲ 64% |
| Balance sheet total | € 12,370,290 | € 12,097,828 | € 13,689,665 | € 14,354,392 | ▲ 5% |
Key figures of KONINKLIJKE ATLETIEKASSOCIATIE GENT, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to KONINKLIJKE ATLETIEKASSOCIATIE GENT?
What happened at KONINKLIJKE ATLETIEKASSOCIATIE GENT in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 590,655. filed late Source: NBB ↗
- Alexander Saverys became a director. NBB
- Dhooghe Emma became a director. NBB
- Fabrice Rogge became a director. NBB
- Matthias Vermeersch became a director. NBB
- New establishment in Gent. KBO
- Start of the company according to the CBE. KBO
In short
From € 163,195 loss in 2022 to € 590,655 loss in 2025.
Management
The stake of HOF TER POLDER comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
KONINKLIJKE ATLETIEKASSOCIATIE GENTBehind KONINKLIJKE ATLETIEKASSOCIATIE GENT are Alexander Saverys, Dhooghe Emma, Fabrice Rogge and Matthias Vermeersch. The shares are held by HOF TER POLDER (87.2%). It owns 100% of Gantoise Horeca itself.
Directors
According to the 2025 annual accounts
Alexander Saverys
Director
Also active at: Belgische Scheepvaartmaatschappij-Compagnie Maritime Belge, SAVERCO, MCA Facilities, HOF TER POLDER, WALBOS, Vivier du Chevalier, Gantoise Dunant, BREDEAU +11 more
since 2023
Dhooghe Emma
Director
since 2023
since 2023
Matthias Vermeersch
Director
Also active at: SOCOFI, MAVERCO, AESCO, RUBIO INTERNATIONAL, EQUINE CARE GROUP, SUN INVEST, BENCIS CAPITAL PARTNERS BELGIUM
since 2018
Shareholders
87.2%
Participations
100%
Establishments
Establishment units
Physical locations of this company
Noorderlaan 25
9000 Gent
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0400.030.869
- VAT number
- BE 0400.030.869
- Registered office
- Noorderlaan 25, 9000 Gent
- Names & denominations
- KONINKLIJKE ATLETIEKASSOCIATIE GENT · A.R.A.G.
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 1 January 1919
- Peppol
- Active · Active since 21 Oct 2026
- Activities · NACE
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