Financials
Financial year 2025
ROYAL GOLF CLUB DU SART-TILMAN, Société Coopérative from Liège, company number BE0403979264, closed financial year 2025 with a result of € 198,799 after tax. For that financial year ROYAL GOLF CLUB DU SART-TILMAN, Société Coopérative recorded a gross margin of € 1.2 million and equity of € 3.1 million. Compared with financial year 2024, the result moved from € 93,200 to € 198,799. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on June 4, 2026.
€ 3.1 million
▲ 7% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 198,799
▲ 113% vs 2024
Profit after tax over the fiscal year.
€ 2.2 million
▲ 63% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 2.8 million.
People and assets in 2025
10.1
▲ 0.8 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 482,472
▲ 9% vs 2024
€ 47,800 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 34,127
▼ 31% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 1 million
▼ 13% vs 2024
€ 121,175 is repaid this year. At this pace the long-term loan is gone in ≈ 9 years.
€ 267,172
▲ 15% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 65,606
▲ 41% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 1,450,960 | - | - | - | |
| Gross margin | € 987,626 | € 1,093,863 | € 1,061,139 | € 1,181,183 | ▲ 11% |
| Profit after taxes | € 11,792 | € 54,363 | € 93,200 | € 198,799 | ▲ 113% |
| Equity | € 2,810,185 | € 2,837,020 | € 2,936,916 | € 3,145,014 | ▲ 7% |
| Total debts | € 2,307,720 | € 1,986,633 | € 3,264,977 | € 3,144,883 | ▼ 4% |
| Cash | € 1,029,004 | € 986,741 | € 1,323,971 | € 2,156,011 | ▲ 63% |
| Land & buildings | € 3,019,197 | € 2,933,303 | € 2,748,206 | € 2,573,493 | ▼ 6% |
| Retained profit | € 2,461,968 | € 2,516,331 | € 2,609,531 | € 2,808,329 | ▲ 8% |
| Bank debt | € 1,551,740 | € 1,426,118 | € 1,197,504 | € 1,043,781 | ▼ 13% |
| Balance sheet total | € 5,117,905 | € 4,836,153 | € 6,321,189 | € 6,487,760 | ▲ 3% |
| Employees (FTE) | 9.1 | 9.5 | 9.3 | 10.1 | ▲ 0.8 |
Key figures of ROYAL GOLF CLUB DU SART-TILMAN, Société Coopérative, 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 ROYAL GOLF CLUB DU SART-TILMAN, Société Coopérative?
What happened at ROYAL GOLF CLUB DU SART-TILMAN, Société Coopérative in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Vincent GOFFIOUL stepped down as director. NBB
- Jérôme GEENEN stepped down as director. NBB
- Valérie LIQUET-RENARD stepped down as director. NBB
- Jean-Louis RAMPEN stepped down as director. NBB
- Catherine PONS stepped down as director. NBB
- Patrick RENARD stepped down as director. NBB
- Thierry COLLARD stepped down as director. NBB
- Frédéric SMEETS stepped down as director. NBB
In short
From € 11,792 profit in 2022 to € 198,799 profit in 2025.
Paid € 18,467 in corporate taxes since 2022.
Best year ever: 2025, with € 198,799 profit.
On average € 116,900 of value added per employee in 2025.
A new publication or filing at ROYAL GOLF CLUB DU SART-TILMAN, Société Coopérative? We notify you, reason included.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Directors
According to the 2025 annual accounts
since 2023 · until 2027
Vincent GOFFIOUL
Director
since 2021 · until 2029
Thierry COLLARD
Director
since 2023 · until 2027
Frédéric SMEETS
Director
Also active at: FS MANAGEMENT, SMEMA, Nouvel an Organisation Groupe, SMEMA 21
since 2023 · until 2027
Jean-Louis RAMPEN
Director
since 2025 · until 2029
Walter LUCCIOLI
Director
Also active at: Pharmacie populaire La Sauvegarde, De Koninklijke Belgische Federatie der Rijtuigmakerij en Bijhorende ambachten, FEBELCARROSSERIE, PHARMA SANTE - RESEAU SOLIDARIS
since 2023 · until 2027
Catherine PONS
Director
since 2020 · until 2028
Jérôme GEENEN
Director
since 2025 · until 2029
Valérie LIQUET-RENARD
Director
since 2025 · until 2029
Establishments
Establishment units
Physical locations of this company
Route du Condroz 541
4031 Liège
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 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
- 0403.979.264
- VAT number
- BE 0403.979.264
- Registered office
- Route du Condroz 541, 4031 Liège
- Names & denominations
- ROYAL GOLF CLUB DU SART-TILMAN, Société Coopérative
- Enterprise type
- Rechtspersoon
- Legal form
- Cooperative company
- Legal situation
- Normale toestand
- Start date
- 1 January 1968
- Peppol
- Active · Active since 17 Dec 2025
- Activities · NACE
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