Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 10.3 to 7.5.
Financials
Financial year 2025
Royal Keerbergen Golf Club from Keerbergen, company number BE0409980495, closed financial year 2025 with a result of € 220,516 after tax. For that financial year Royal Keerbergen Golf Club recorded a gross margin of € 937,569 and equity of € 3.1 million. Compared with financial year 2024, the result moved from € 83,810 to € 220,516. 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 April 8, 2026.
€ 3.1 million
▲ 8% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 220,516
▲ 163% vs 2024
Profit after tax over the fiscal year.
€ 535,813
▲ 47% vs 2024
Cash and bank balances on the last day of the fiscal year.
People and assets in 2025
7.5
▼ 1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 521,143
▼ 9% vs 2024
€ 69,500 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.
€ 198,355
▲ 98% vs 2024
Of which on lease € 109,723.
Debts at end 2025
€ 183,413
€ 29,726 is repaid this year. At this pace the long-term loan is gone in ≈ 6 years.
€ 76,579
▲ 30% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 81,060
▲ 40% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 670,285 | € 850,277 | € 857,283 | € 937,569 | ▲ 9% |
| Profit after taxes | € -104,032 | € 18,314 | € 83,810 | € 220,516 | ▲ 163% |
| Equity | € 2,733,525 | € 2,751,839 | € 2,835,649 | € 3,056,165 | ▲ 8% |
| Total debts | € 129,762 | € 93,429 | € 120,938 | € 351,453 | ▲ 191% |
| Cash | € 163,498 | € 187,936 | € 364,702 | € 535,813 | ▲ 47% |
| Land & buildings | € 892,600 | € 837,655 | € 770,245 | € 884,017 | ▲ 15% |
| Retained profit | € 2,631,444 | € 2,649,758 | € 2,733,568 | € 2,954,084 | ▲ 8% |
| Bank debt | € 0 | € 0 | € 0 | € 183,413 | |
| Balance sheet total | € 2,863,287 | € 2,845,268 | € 2,956,587 | € 3,407,618 | ▲ 15% |
| Employees (FTE) | 11.3 | 10.3 | 8.5 | 7.5 | ▼ 1 |
Key figures of Royal Keerbergen Golf Club, 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 Keerbergen Golf Club?
What happened at Royal Keerbergen Golf Club in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Alain Vandenbrande stepped down as director. NBB
- Mathijs Berben stepped down as director. NBB
- André Serneels stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 220,516 (▲ 163% vs 2024). Source: NBB ↗
- Steven Mens stepped down as director. NBB
- Nick Michiels stepped down as director. NBB
- Alain Vandenbrande became a director. NBB
- Mathijs Berben became a director. NBB
In short
From € 104,032 loss in 2022 to € 220,516 profit in 2025.
Best year ever: 2025, with € 220,516 profit.
On average € 125,000 of value added per employee in 2025.
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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
Alain Vandenbrande
Director
since 2025 · until 2029
Steven Mens
Director
since 2022 · until 2026
Johan Kemp
Director
since 2024 · until 2025
since 2021 · until 2026
since 2021 · until 2027
since 2025 · until 2029
Establishments
Establishment units
Physical locations of this company
Vlieghavenlaan 50
3140 Keerbergen
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
- 0409.980.495
- VAT number
- BE 0409.980.495
- Registered office
- Vlieghavenlaan 50, 3140 Keerbergen
- Names & denominations
- Royal Keerbergen Golf Club · RKGC
- Enterprise type
- Rechtspersoon
- Legal form
- Non-profit association
- Legal situation
- Normale toestand
- Start date
- 18 April 1970
- Peppol
- Active · Active since 27 Mar 2026
- Activities · NACE
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