What does KVC WESTERLO do?

KVC WESTERLO is a sports club in Westerlo. Private Limited, started on 1 December 1988, 2 establishments.

What is the address of KVC WESTERLO?

The registered office of KVC WESTERLO is located at de Merodedreef 189, 2260 Westerlo.

Is KVC WESTERLO still active?

Yes. According to the CBE (29 October 2026) KVC WESTERLO is active, legal situation “Normale toestand”, started on 1 December 1988.

Is KVC WESTERLO registered on Peppol?

Yes, KVC WESTERLO is registered on the Peppol network with ID 0208:0436473670.

What is the enterprise number of KVC WESTERLO?

The enterprise number of KVC WESTERLO is BE0436473670.

When was KVC WESTERLO founded?

KVC WESTERLO was founded on 1 December 1988.

Who are the directors of KVC WESTERLO?

According to the 2025 annual accounts, the directors of KVC WESTERLO are: Oktay Ercan, Sedat Berk Ercan, Kris Vandepaer, Johan Van Loo, Wim Van Hove, Hasan Cetinkaya.

Is KVC WESTERLO a reliable company?

Databakkes does not pass judgement; this is what the sources say: Active according to the CBE since 1 December 1988; 4 annual accounts filed, latest fiscal year 2025; 6 directors known from the annual account; 2 establishments in the CBE.

How much profit did KVC WESTERLO make in 2025?

KVC WESTERLO recorded a loss after taxes of € 11,767,747 in financial year 2025.

What is the revenue of KVC WESTERLO?

In its most recent annual accounts (2025), KVC WESTERLO reported revenue of € 14,373,418.

How much does an employee at KVC WESTERLO earn?

The average wage cost per full-time employee at KVC WESTERLO was € 175,300 in 2025: staff costs of € 17.9 million for 101.9 FTE, according to the annual account at the National Bank. That is the employer's cost, not net pay.

How many employees does KVC WESTERLO have?

According to the 2025 annual accounts, KVC WESTERLO has 101.9 full-time equivalents (FTE).

KVC WESTERLO (Private Limited) - Westerlo - BE0436473670

Dossier KVC WESTERLO, printed on 29 October 2026 from databakkes.be/en/0436473670/kvc-westerlo. Sources: CBE, National Bank of Belgium, Belgian Official Gazette.

Warning lights

Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.

Negative equity NBB

More debt than assets in 4 of the last 4 fiscal years.
Two loss years in a row NBB

Negative result in 2024 and 2025.

Financials

Financial year 2025

KVC WESTERLO from Westerlo, company number BE0436473670, closed financial year 2025 with a result of € -11.8 million after tax. For that financial year KVC WESTERLO recorded revenue of € 14.4 million and equity of € -1.9 million. Compared with financial year 2024, the result moved from € -22.9 million to € -11.8 million. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on December 19, 2025.

What it is worth Caution

€ -1.9 million

▲ € 1.7 million vs 2024

Assets minus debts, by the books. What is left if everything were sold and paid today.

Loss Caution

€ -11.8 million

▲ 49 % less loss than in 2024

Profit after tax over the fiscal year.

Cash in the bank

€ 135,090

▲ 50% vs 2024

Cash and bank balances on the last day of the fiscal year.

Where the profit goes Caution

Loss, nothing to pay out

Reserves fell to € -71.5 million.

People and assets in 2025

Full-time equivalents

101.9

▲ 6.4 vs 2024

Average over the fiscal year, from the social balance sheet.

Wage cost Staff costs are payroll only. Director pay sits with services and miscellaneous goods: € 12.3 million in 2025, together with rent, insurance, accountants and other services. The accounts do not split that further.

€ 17.9 million

▲ 2% vs 2024

€ 175,300 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.

Vehicles and equipment

€ 318,088

▼ 23% vs 2024

Book value of vehicles, furniture and equipment.

Debts at end 2025

Bank debt ≈ 367 years to go The accounts give the long-term loan and the part due within the year. The remainder divided by that part is the number of years at an equal pace; a new loan or early repayment changes it.

€ 21.8 million

▲ 16% vs 2024

€ 59,409 is repaid this year. At this pace the long-term loan is gone in ≈ 367 years.

Owed to suppliers

€ 10.3 million

▼ 20% vs 2024

Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 240 days on average.

Taxes and wages

€ 3.8 million

▲ 65% vs 2024

Taxes, VAT and social contributions still to pay.

Key figures per fiscal year Download key figures (CSV)
	2022	2023	2024	2025	Change 2024 → 2025
Revenue	€ 3,421,692 Revenue 2022: € 3,421,692 First fiscal year in the series	€ 8,491,189 Revenue 2023: € 8,491,189 ▲ 148% vs 2022 (€ 3,421,692) Favourable step	€ 11,740,293 Revenue 2024: € 11,740,293 ▲ 38% vs 2023 (€ 8,491,189) Favourable step	€ 14,373,418 Revenue 2025: € 14,373,418 ▲ 22% vs 2024 (€ 11,740,293) Favourable step	▲ 22%
Profit after taxes	€ -11,554,603 Profit after taxes 2022: € -11,554,603 First fiscal year in the series	€ -8,443,708 Profit after taxes 2023: € -8,443,708 ▲ € 3.1 million vs 2022 (€ -11,554,603) Favourable step	€ -22,939,706 Profit after taxes 2024: € -22,939,706 ▼ € 14.5 million vs 2023 (€ -8,443,708) Unfavourable step	€ -11,767,747 Profit after taxes 2025: € -11,767,747 ▲ € 11.2 million vs 2024 (€ -22,939,706) Favourable step	▲ € 11.2 million
Equity	€ -6,202,523 Equity 2022: € -6,202,523 First fiscal year in the series	€ -14,646,231 Equity 2023: € -14,646,231 ▼ € 8.4 million vs 2022 (€ -6,202,523) Unfavourable step	€ -3,586,204 Equity 2024: € -3,586,204 ▲ € 11.1 million vs 2023 (€ -14,646,231) Favourable step	€ -1,853,936 Equity 2025: € -1,853,936 ▲ € 1.7 million vs 2024 (€ -3,586,204) Favourable step	▲ € 1.7 million
Total debts	€ 13,695,873 Total debts 2022: € 13,695,873 First fiscal year in the series	€ 38,990,550 Total debts 2023: € 38,990,550 ▲ 185% vs 2022 (€ 13,695,873) Unfavourable step	€ 44,133,188 Total debts 2024: € 44,133,188 ▲ 13% vs 2023 (€ 38,990,550) Unfavourable step	€ 40,527,718 Total debts 2025: € 40,527,718 ▼ 8% vs 2024 (€ 44,133,188) Favourable step	▼ 8%
Cash	€ 63,243 Cash 2022: € 63,243 First fiscal year in the series	€ 98,599 Cash 2023: € 98,599 ▲ 56% vs 2022 (€ 63,243) Favourable step	€ 90,238 Cash 2024: € 90,238 ▼ 8% vs 2023 (€ 98,599) Unfavourable step	€ 135,090 Cash 2025: € 135,090 ▲ 50% vs 2024 (€ 90,238) Favourable step	▲ 50%
Land & buildings	€ 2,876,553 Land & buildings 2022: € 2,876,553 First fiscal year in the series	€ 3,859,462 Land & buildings 2023: € 3,859,462 ▲ 34% vs 2022 (€ 2,876,553) Unchanged	€ 10,186,943 Land & buildings 2024: € 10,186,943 ▲ 164% vs 2023 (€ 3,859,462) Unchanged	€ 9,926,133 Land & buildings 2025: € 9,926,133 ▼ 3% vs 2024 (€ 10,186,943) Unchanged	▼ 3%
Retained profit	€ -28,317,668 Retained profit 2022: € -28,317,668 First fiscal year in the series	€ -36,761,376 Retained profit 2023: € -36,761,376 ▼ € 8.4 million vs 2022 (€ -28,317,668) Unfavourable step	€ -59,701,082 Retained profit 2024: € -59,701,082 ▼ € 22.9 million vs 2023 (€ -36,761,376) Unfavourable step	€ -71,468,829 Retained profit 2025: € -71,468,829 ▼ € 11.8 million vs 2024 (€ -59,701,082) Unfavourable step	▼ € 11.8 million
Bank debt	€ 140,000 Bank debt 2022: € 140,000 First fiscal year in the series	€ 460,000 Bank debt 2023: € 460,000 ▲ 229% vs 2022 (€ 140,000) Unfavourable step	€ 18,775,547 Bank debt 2024: € 18,775,547 ▲ € 18.3 million vs 2023 (€ 460,000) Unfavourable step	€ 21,832,280 Bank debt 2025: € 21,832,280 ▲ 16% vs 2024 (€ 18,775,547) Unfavourable step	▲ 16%
Balance sheet total	€ 7,493,350 Balance sheet total 2022: € 7,493,350 First fiscal year in the series	€ 24,344,319 Balance sheet total 2023: € 24,344,319 ▲ 225% vs 2022 (€ 7,493,350) Unchanged	€ 40,546,984 Balance sheet total 2024: € 40,546,984 ▲ 67% vs 2023 (€ 24,344,319) Unchanged	€ 38,673,781 Balance sheet total 2025: € 38,673,781 ▼ 5% vs 2024 (€ 40,546,984) Unchanged	▼ 5%
Employees (FTE)	72.2 Employees (FTE) 2022: 72.2 First fiscal year in the series	78.4 Employees (FTE) 2023: 78.4 ▲ 6.2 vs 2022 (72.2) Unchanged	95.5 Employees (FTE) 2024: 95.5 ▲ 17.1 vs 2023 (78.4) Unchanged	101.9 Employees (FTE) 2025: 101.9 ▲ 6.4 vs 2024 (95.5) Unchanged	▲ 6.4

Key figures of KVC WESTERLO, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 January 2027.

What happened to KVC WESTERLO?

What happened at KVC WESTERLO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:

2029 Kris Vandepaer stepped down as director. NBB
2028 Oktay Ercan stepped down as director. NBB
2028 Sedat Berk Ercan stepped down as director. NBB
2028 Johan Van Loo stepped down as director. NBB
2028 Wim Van Hove stepped down as director. NBB
2028 Hasan Cetinkaya stepped down as director. NBB
Dec 19, 2025 New annual accounts for financial year 2025: loss of € 11.8 million. Source: NBB ↗
Dec 18, 2025 New establishment in Westerlo. KBO

In short

From € 11.6 million loss in 2022 to € 11.8 million loss in 2025.

Paid € 780,427 in corporate taxes since 2022.

Original PDFs at the National Bank ↗

Management

KVC WESTERLO

Westel 20%

It owns 20% of Westel itself.

Directors

According to the 2025 annual accounts

Oktay Ercan

Chairman of the board

Also active at: ZSE TECHNOLOGY

since 2022 · until 2028

Sedat Berk Ercan

Director

since 2022 · until 2028

Kris Vandepaer

Director

since 2023 · until 2029

Johan Van Loo

Director

since 2025 · until 2028

Wim Van Hove

Director

Also active at: WESTEL

since 2022 · until 2028

Hasan Cetinkaya

Director

since 2022 · until 2028

Establishments

Establishment units

Physical locations of this company

Registered office

de Merodedreef 189

2260 Westerlo

2.382.641.484

Bovemansstraat 20

2260 Westerlo

Active since 18 December 2025

Who else lives here?

A building full of entrepreneurs or one very busy letterbox? Another 5 companies are registered at this address.

All companies at this address →

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€ 16,110 gross margin · 2024

OOSTERWIJK

Themacafé KVCW

€ 293,149 gross margin · 2025

What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.

Details

Company number

0436.473.670

VAT number

BE 0436.473.670

Registered office

de Merodedreef 189, 2260 Westerlo

Names & denominations

KVC WESTERLO

Enterprise type

Rechtspersoon

Legal form

Private limited company

Legal situation

Normale toestand

Start date

1 December 1988

Peppol

Active · Active since 26 Nov 2025

Activities · NACE

Activiteiten van voetbalclubs

Kantines

Overige persoonlijke diensten

Cateringdiensten op contractbasis en overige diensten in verband met maaltijden

Exploitatie van sportaccommodaties

Overige diensten , n.e.g.

Beheer en exploitatie van sportcentra

Overige eetgelegenheden

View on CBE Public ↗ Annual accounts (NBB) ↗

KVC WESTERLO

Warning lights

Financials

What happened to KVC WESTERLO?

Management

Directors

Establishments

Establishment units

Who else lives here?

Details

Frequently asked questions