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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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Busy address KBO
47 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
ARTEVELDE-STADION from Gent, company number BE0863176670, closed financial year 2025 with a result of € -69,409 after tax. For that financial year ARTEVELDE-STADION recorded a gross margin of € 64,747 and equity of € 27 million. Compared with financial year 2024, the result moved from € -95,853 to € -69,409. The company made a loss. The company holds a healthy buffer. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 13, 2026.
€ 27 million
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -69,409
▲ 28 % less loss than in 2024
Profit after tax over the fiscal year.
€ 958,252
▲ 176% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -4.4 million.
People and assets in 2025
€ 5 million
▼ 1% vs 2024
Of which on lease € 5 million.
Debts at end 2025
€ 9.3 million
▼ 8% vs 2024
€ 833,539 is repaid this year. At this pace the long-term loan is gone in ≈ 11 years.
€ 4,433
▲ 135% vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 55,167 | € 65,518 | € 57,696 | € 64,747 | ▲ 12% |
| Profit after taxes | € -128,173 | € -104,647 | € -95,853 | € -69,409 | ▲ € 26,444 |
| Equity | € 27,245,343 | € 27,140,696 | € 27,044,844 | € 26,975,435 | |
| Total debts | € 11,761,710 | € 10,966,885 | € 10,149,343 | € 9,335,950 | ▼ 8% |
| Cash | € 169,068 | € 597,868 | € 347,641 | € 958,252 | ▲ 176% |
| Retained profit | € -4,093,657 | € -4,198,304 | € -4,294,156 | € -4,363,565 | ▼ € 69,409 |
| Bank debt | € 11,737,364 | € 10,942,825 | € 10,128,786 | € 9,314,747 | ▼ 8% |
| Balance sheet total | € 39,007,054 | € 38,107,581 | € 37,194,187 | € 36,311,385 | ▼ 2% |
Key figures of ARTEVELDE-STADION, 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 ARTEVELDE-STADION?
What happened at ARTEVELDE-STADION in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- KONINKLIJKE ATHLETIEK ASSOCIATIE GENT - Voetbalafdeling NV stepped down as director. NBB
- Filip Watteeuw stepped down as director. NBB
- Frank De Mulder stepped down as director. NBB
- Ivan De Witte stepped down as director. NBB
- OPUS TERRAE BV stepped down as director. NBB
- Gert Robert stepped down as director. NBB
- Stijn De Roo stepped down as director. NBB
- Nicolas Vanden Eynden stepped down as director. NBB
In short
From € 128,173 loss in 2022 to € 69,409 loss in 2025.
Management
The stake of Stadsontwikkeling Gent (sogent), GHELAMCO INVEST comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
ARTEVELDE-STADIONThe shares are held by Stadsontwikkeling Gent (sogent) (79.1%) and GHELAMCO INVEST (10.9%).
Directors
According to the 2025 annual accounts
KONINKLIJKE ATHLETIEK ASSOCIATIE GENT - Voetbalafdeling NV
Director · represented by Samuel Paula Robert Mari Baro
Also active at: HORECA FOOT
since 2025 · until 2031
Filip Watteeuw
Chairman of the board
Also active at: Stadsontwikkeling Gent (sogent), Maatschappij voor Industriële Ontwikkeling te Zwijnaarde, Investeringsmaatschappij Modest, Eiland Zwijnaarde, Grondbank The Loop
since 2025 · until 2031
Frank De Mulder
Director
Also active at: Farys, SYNDUCTIS, Zonneberg, ENSOMME, Waterunie, TERRANOVA SOLAR
since 2025 · until 2031
Ivan De Witte
Vice-chairman of the board
Also active at: KONINKLIJKE ATHLETIEK ASSOCIATIE GENT - Voetbalafdeling, Festival van Vlaanderen Gent en Historische Steden, S.T.D. SERVICES, PSYCHO CONSULT, PDW ADVIES
since 2025 · until 2031
Vice-chairman of the board · represented by Paul Gheysens
Also active at: DOCK-SITE, R.H.R. - INDUSTRIES, GARAGE S.O.S., GHELAMCO INVEST, THE WHITE HOUSE ZOUTE, M. VAN STEENWINKEL, SAFE HOLDING BELGIUM, Zeewind +22 more
since 2025 · until 2031
Frank Van Goethem
Managing director
Also active at: KONINKLIJKE ATHLETIEK ASSOCIATIE GENT - Voetbalafdeling, Maatschappij voor Industriële Ontwikkeling te Zwijnaarde, ICC GHENT, DE EXPEDITIE, Investeringsmaatschappij Modest, TLG Science Park, iCUBES
since 2025 · until 2025
since 2025 · until 2031
Stijn De Roo
Director
since 2025 · until 2031
since 2025 · until 2031
Shareholders
10.9%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Ottergemsesteenweg-Zuid 808
9000 Gent
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 47 companies are registered at this address.
All companies at this address →Schaeffler Belgium
€ 21.9 million revenue · 2025
KONINKLIJKE ATHLETIEK ASSOCIATIE GENT - Voetbalafdeling same network
€ 37.5 million revenue · 2025
Bontinck Architecture and Interior NV
€ 2.5 million revenue · 2026
Sales Management Association Belgium
KAAG Management
€ 136,551 gross margin · 2025
+42 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0863.176.670
- VAT number
- BE 0863.176.670
- Registered office
- Ottergemsesteenweg-Zuid 808, 9000 Gent
- Names & denominations
- ARTEVELDE-STADION
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 3 February 2004
- Peppol
- Active · Active since 13 Jun 2025
- Activities · NACE
Ontwikkeling van niet-residentiële bouwprojecten
Projectontwikkeling voor kantoorbouw
Projectontwikkeling voor infrastructuurwerken