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
51 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.
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| 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.
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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 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, GHELAMCO INVEST, THE WHITE HOUSE ZOUTE, SAFE HOLDING BELGIUM, Zeewind, MeetDistrict, PGP +15 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 51 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
+46 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