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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Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 41 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
FOOTBALL CLUB VERBROEDERING DENDERHOUTEM DENDERLEEUW EENDRACHT HEKELGEM from Denderleeuw, company number BE0451438394, closed financial year 2025 with a result of € -5 million after tax. For that financial year FOOTBALL CLUB VERBROEDERING DENDERHOUTEM DENDERLEEUW EENDRACHT HEKELGEM recorded revenue of € 7.1 million and equity of € -19.7 million. Compared with financial year 2024, the result moved from € -5.7 million to € -5 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 November 20, 2025.
€ -19.7 million
▼ € 5 million vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -5 million
▲ 14 % less loss than in 2024
Profit after tax over the fiscal year.
€ 44,976
▼ 14% vs 2024
Cash and bank balances on the last day of the fiscal year.
People and assets in 2025
43.3
▲ 5 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 8.3 million
▲ 64% vs 2024
€ 191,000 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.
€ 58,654
▲ 71% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 21.7 million
▲ 48% vs 2024
Loans from banks and other lenders, long and short.
€ 908,618
▼ 14% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 1.2 million
▲ 5% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | - | - | - | € 7,116,234 | |
| Gross margin | € -69,811 | € 83,550 | € 276,883 | € 4,843,550 | ▲ € 4.6 million |
| Profit after taxes | € -1,705,354 | € -2,659,468 | € -5,747,287 | € -4,953,248 | ▲ € 794,039 |
| Equity | € -6,170,619 | € -8,873,587 | € -14,664,374 | € -19,661,148 | ▼ € 5 million |
| Total debts | € 8,379,406 | € 11,701,498 | € 18,496,153 | € 25,852,936 | ▲ 40% |
| Cash | € 43,780 | € 23,024 | € 52,284 | € 44,976 | ▼ 14% |
| Land & buildings | € 1,743,492 | € 1,770,969 | € 1,994,326 | € 2,282,886 | ▲ 14% |
| Retained profit | € -6,987,619 | € -9,647,087 | € -15,394,374 | € -20,347,648 | ▼ € 5 million |
| Bank debt | € 6,853,917 | € 9,942,181 | € 14,692,042 | € 21,682,470 | ▲ 48% |
| Balance sheet total | € 2,208,787 | € 2,827,911 | € 3,831,779 | € 6,191,789 | ▲ 62% |
| Employees (FTE) | 20.4 | 24.8 | 38.3 | 43.3 | ▲ 5 |
Key figures of FOOTBALL CLUB VERBROEDERING DENDERHOUTEM DENDERLEEUW EENDRACHT HEKELGEM, 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 FOOTBALL CLUB VERBROEDERING DENDERHOUTEM DENDERLEEUW EENDRACHT HEKELGEM?
What happened at FOOTBALL CLUB VERBROEDERING DENDERHOUTEM DENDERLEEUW EENDRACHT HEKELGEM in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Els De Bolster stepped down as director. NBB
- Sihar Sitorus stepped down as director. NBB
- Dender Foot stepped down as director. NBB
- New establishment in Denderleeuw. KBO
- New annual accounts for financial year 2025: loss of € 5 million. Source: NBB ↗
- Rik Verbeken stepped down as director. NBB
- Els De Bolster became a director. NBB
- Sihar Sitorus became a director. NBB
In short
From € 1.7 million loss in 2022 to € 5 million loss in 2025.
Paid € 224,638 in corporate taxes since 2022.
On average € 111,900 of value added per employee in 2025.
Management
Directors
According to the 2025 annual accounts
since 2024 · until 2030
Rik Verbeken
Director
since 2020 · until 2024
Managing director · represented by Belinda Siahaan
since 2024 · until 2030
since 2024 · until 2030
Establishments
Establishment units
Physical locations of this company
Stadionlaan 5
9470 Denderleeuw
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
- 0451.438.394
- VAT number
- BE 0451.438.394
- Registered office
- Stadionlaan 5, 9470 Denderleeuw
- Names & denominations
- FOOTBALL CLUB VERBROEDERING DENDERHOUTEM DENDERLEEUW EENDRACHT HEKELGEM · FCV DENDER E.H.
- Enterprise type
- Rechtspersoon
- Legal form
- Non-profit association
- Legal situation
- Normale toestand
- Start date
- 9 November 1993
- Peppol
- Active · Active since 20 Nov 2020
- Activities · NACE
Activiteiten van voetbalclubs
Kantines
Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen
Activiteiten van eetgelegenheden met beperkte bediening, muv mobiele eetgelegenheden
Mediarepresentatie
Cateringdiensten op contractbasis en overige diensten in verband met maaltijden
Exploitatie van sportaccommodaties
Cafés en bars
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