Financials
Financial year 2025
CLUB BRUGGE from Knokke-Heist, company number BE0460444251, closed financial year 2025 with a result of € 18.1 million after tax. For that financial year CLUB BRUGGE recorded revenue of € 124.5 million and equity of € 99.1 million. Compared with financial year 2024, the result moved from € 3.1 million to € 18.1 million. 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 October 27, 2025.
€ 99.1 million
▲ 22% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 18.1 million
▲ € 15 million vs 2024
Profit after tax over the fiscal year.
€ 21 million
▲ € 16.3 million 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 € 64.4 million.
People and assets in 2025
210.8
▲ 15.9 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 77.4 million
▼ 9% vs 2024
€ 367,300 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.
€ 645,532
▼ 19% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 15 million
▼ 5% vs 2024
Loans from banks and other lenders, long and short.
€ 31.8 million
▲ 3% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 302 days on average.
€ 4.7 million
▼ 65% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 83,913,171 | € 100,526,670 | € 70,283,652 | € 124,482,232 | ▲ 77% |
| Profit after taxes | € 4,117,090 | € 11,050,827 | € 3,099,099 | € 18,099,821 | ▲ € 15 million |
| Equity | € 70,182,596 | € 77,967,173 | € 81,051,272 | € 99,136,092 | ▲ 22% |
| Total debts | € 78,453,876 | € 73,851,511 | € 83,205,265 | € 78,109,909 | ▼ 6% |
| Cash | € 37,221,717 | € 14,776,596 | € 4,653,627 | € 20,991,164 | ▲ € 16.3 million |
| Land & buildings | € 1,338,109 | € 1,292,077 | € 1,088,227 | € 880,958 | ▼ 19% |
| Retained profit | € 34,849,702 | € 43,182,271 | € 46,281,369 | € 64,381,190 | ▲ 39% |
| Dividend | € 0 | € 3,251,250 | € 0 | € 0 | |
| Bank debt | € 15,000,000 | € 15,000,000 | € 15,742,241 | € 15,000,000 | ▼ 5% |
| Balance sheet total | € 149,087,402 | € 154,247,760 | € 166,235,858 | € 178,560,164 | ▲ 7% |
| Employees (FTE) | 154.6 | 179.3 | 194.9 | 210.8 | ▲ 15.9 |
Key figures of CLUB BRUGGE, 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 CLUB BRUGGE?
What happened at CLUB BRUGGE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Komvest BV stepped down as director. NBB
- Thymos Management Comm.V stepped down as director. NBB
- Vanhecke Consulting BV stepped down as director. NBB
- Stephenson BV stepped down as director. NBB
- Noctuam NV stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 18.1 million (▲ € 15 million vs 2024). Source: NBB ↗
- Komvest BV became a director. NBB
- Thymos Management Comm.V became a director. NBB
In short
From € 4.1 million profit in 2022 to € 18.1 million profit in 2025.
Paid € 19.8 million in corporate taxes since 2022.
Best year ever: 2025, with € 18.1 million profit.
Paid out € 3.3 million in dividends to the owners in total.
A new publication or filing at CLUB BRUGGE? 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
The stake of Grizzly Sports comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
CLUB BRUGGEThe shares are held by Grizzly Sports (73%). It owns 100% of Club Brugge Oefencentrum, 100% of Club Brugge Stadion and 100% of Club Brugge Development itself.
Directors
According to the 2025 annual accounts
Director · represented by Peter Vanhecke
Also active at: CLUB BRUGGE DEVELOPMENT, CLUB BRUGGE OEFENCENTRUM, CLUB BRUGGE STADION
since 2021 · until 2027
Director · represented by Jan Boone
Also active at: LOTUS BAKERIES, CREMERS - RIBERT, CLUB BRUGGE DEVELOPMENT, CLUB BRUGGE OEFENCENTRUM, CLUB BRUGGE STADION, TL INTERNATIONAL, M&M Management, WEAREONE.world +1 more
since 2021 · until 2027
Managing director · represented by Bob Madou
Also active at: CLUB BRUGGE DEVELOPMENT, CLUB BRUGGE OEFENCENTRUM, CLUB BRUGGE STADION
since 2024 · until 2030
Chairman of the board · represented by Bart Verhaeghe
Also active at: CLUB BRUGGE DEVELOPMENT, CLUB BRUGGE OEFENCENTRUM, CLUB BRUGGE STADION
since 2022 · until 2027
Director · represented by Lucas Verhaeghe
Also active at: CLUB BRUGGE DEVELOPMENT, CLUB BRUGGE OEFENCENTRUM, CLUB BRUGGE STADION
since 2024 · until 2030
Shareholders
73%
Participations
Establishments
Establishment units
Physical locations of this company
Herenweg 9
8300 Knokke-Heist
Olympialaan 72
8200 Brugge
Active since 18 June 1997
Olympialaan 74
8200 Brugge
Active since 1 July 2014
Koning Leopold III-laan 96
8200 Brugge
Active since 1 January 2013
Oorlogsvrijwilligerslaan 7
8200 Brugge
Active since 15 September 2014
Diksmuidsesteenweg 374
8800 Roeselare
Active since 1 July 2021
Steenstraat 50
8000 Brugge
Active since 11 September 2021
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 3 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
- 0460.444.251
- VAT number
- BE 0460.444.251
- Registered office
- Herenweg 9, 8300 Knokke-Heist
- Names & denominations
- CLUB BRUGGE
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 17 April 1997
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Activiteiten van voetbalclubs
Exploitatie van sportaccommodaties
Detailhandel in bovenkleding voor heren, dames en kinderen (algemeen assortiment)
Detailhandel in schoeisel
Overige niet-gespecialiseerde detailhandel
Activiteiten van eetgelegenheden met volledige bediening
Overige sportactiviteiten, neg
Detailhandel in huishoudtextiel en beddengoed
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