Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
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Figures corrected NBB
Corrected annual account filed for 2024.
Financials
Financial year 2025
KORTRIJK VOETBALT from Kortrijk, company number BE0475349587, closed financial year 2025 with a result of € -9 million after tax. For that financial year KORTRIJK VOETBALT recorded revenue of € 6.5 million and equity of € 2.8 million. Compared with financial year 2024, the result moved from € -7.2 million to € -9 million. The company made a loss. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on March 11, 2026.
€ 2.8 million
▲ 57% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -9 million
▼ 25 % more loss than in 2024
Profit after tax over the fiscal year.
€ 274,307
▲ 82% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -17.5 million.
People and assets in 2025
76
▲ 7.8 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 17 million
▲ 12% vs 2024
€ 224,100 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.
€ 104,561
▲ 3% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 1.2 million
▲ 6% vs 2024
Loans from banks and other lenders, long and short.
€ 2.5 million
▼ 32% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 110 days on average.
€ 1.9 million
▼ 7% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 4,165,703 | € 4,573,649 | € 5,258,131 | € 6,508,834 | ▲ 24% |
| Profit after taxes | € 133,923 | € 136,874 | € -7,191,298 | € -8,984,980 | ▼ € 1.8 million |
| Equity | € -1,047,793 | € -1,011,780 | € 1,780,951 | € 2,795,971 | ▲ 57% |
| Total debts | € 11,799,454 | € 15,236,766 | € 11,541,631 | € 9,168,952 | ▼ 21% |
| Cash | € 254,015 | € 225,825 | € 150,786 | € 274,307 | ▲ 82% |
| Land & buildings | € 302,483 | € 228,566 | € 183,543 | € 112,642 | ▼ 39% |
| Retained profit | € -1,434,566 | € -1,297,692 | € -8,488,990 | € -17,473,970 | ▼ € 9 million |
| Bank debt | € 5,734,000 | € 7,435,420 | € 1,166,000 | € 1,236,750 | ▲ 6% |
| Balance sheet total | € 10,790,606 | € 14,230,309 | € 13,322,582 | € 11,964,923 | ▼ 10% |
| Employees (FTE) | 65 | 69.6 | 68.2 | 76 | ▲ 7.8 |
Key figures of KORTRIJK VOETBALT, 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 KORTRIJK VOETBALT?
What happened at KORTRIJK VOETBALT in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Edmund Tee Wei Kang stepped down as director. NBB
- Muhammad Syafiq Bin Azman stepped down as director. NBB
- Derek Chin Chee Seng stepped down as director. NBB
- Mohamad Amin Bin Mohamad Fuad stepped down as director. NBB
- Veh Ken Choo stepped down as director. NBB
- New annual accounts for financial year 2025: loss of € 9 million. filed late Source: NBB ↗
- Edmund Tee Wei Kang became a director. NBB
- Muhammad Syafiq Bin Azman became a director. NBB
In short
From € 133,923 profit in 2022 to € 9 million loss in 2025.
Paid € 876,862 in corporate taxes since 2022.
Best year ever: 2023, with € 136,874 profit.
Pays suppliers within 110 days on average.
A new publication or filing at KORTRIJK VOETBALT? 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 Cosway Sports Belgium comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
KORTRIJK VOETBALTThe shares are held by Cosway Sports Belgium (100%).
Directors
According to the 2025 annual accounts
since 2021 · until 2026
since 2022 · until 2026
Edmund Tee Wei Kang
Director
since 2024 · until 2029
Veh Ken Choo
Director
since 2021 · until 2026
Muhammad Syafiq Bin Azman
Director
since 2024 · until 2029
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Meensesteenweg(Kor) 84 box A
8500 Kortrijk
Meensesteenweg(Kor) 84 A
8500 Kortrijk
Active since 22 February 2002
Nijverheidskaai(Kor) 3 box 12
8500 Kortrijk
Active since 1 December 2018
Weversstraat(Kor) 28
8500 Kortrijk
Active since 1 July 2016
Moorseelsestraat(Kor) 111b
8500 Kortrijk
Active since 22 June 2015
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
- 0475.349.587
- VAT number
- BE 0475.349.587
- Registered office
- Meensesteenweg(Kor) 84 bus A, 8500 Kortrijk
- Names & denominations
- KORTRIJK VOETBALT
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 2 August 2001
- Peppol
- Active · Active since 27 Mar 2026
- Activities · NACE
Activiteiten van sportclubs en -bonden
Activiteiten van voetbalclubs
Activiteiten van eetgelegenheden met beperkte bediening, muv mobiele eetgelegenheden
Fastfoodzaken, snackbars, frituren en dergelijke
Eetgelegenheden met beperkte bediening