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 2 of the last 2 fiscal years.
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Two loss years in a row NBB
Negative result in 2022 and 2023.
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Legal situation KBO
Opening faillissement according to the CBE.
Financials
Financial year 2023
KONINKLIJKE VOETBALVERENIGING OOSTENDE from Oostende, company number BE0895938619, closed financial year 2023 with a result of € -6 million after tax. For that financial year KONINKLIJKE VOETBALVERENIGING OOSTENDE recorded revenue of € 7.6 million and equity of € -8.6 million. Compared with financial year 2022, the result moved from € -5 million to € -6 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 February 13, 2024.
€ -8.6 million
▼ € 6 million vs 2022
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -6 million
▼ 21 % more loss than in 2022
Profit after tax over the fiscal year.
€ 967,012
▼ 31% vs 2022
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -35.4 million.
People and assets in 2023
65.8
▲ 1.4 vs 2022
Average over the fiscal year, from the social balance sheet.
€ 12.1 million
▼ 3% vs 2022
€ 184,200 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.
€ 85,792
▼ 5% vs 2022
Book value of vehicles, furniture and equipment.
Debts at end 2023
€ 4.3 million
▲ 99% vs 2022
€ 102,990 is repaid this year. At this pace the long-term loan is gone in ≈ 42 years.
€ 6.1 million
▼ 14% vs 2022
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 273 days on average.
€ 1.5 million
▼ 3% vs 2022
Taxes, VAT and social contributions still to pay.
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| 2022 | 2023 | Change 2022 → 2023 | |
|---|---|---|---|
| Revenue | € 9,775,393 | € 7,603,530 | ▼ 22% |
| Profit after taxes | € -4,978,577 | € -6,029,675 | ▼ € 1.1 million |
| Equity | € -2,527,851 | € -8,557,525 | ▼ € 6 million |
| Total debts | € 17,824,255 | € 25,856,612 | ▲ 45% |
| Cash | € 1,394,116 | € 967,012 | ▼ 31% |
| Land & buildings | € 1,348 | € 1,161 | ▼ 14% |
| Retained profit | € -29,339,451 | € -35,369,125 | ▼ € 6 million |
| Bank debt | € 2,172,776 | € 4,314,212 | ▲ 99% |
| Balance sheet total | € 15,336,404 | € 17,339,087 | ▲ 13% |
| Employees (FTE) | 64.4 | 65.8 | ▲ 1.4 |
Key figures of KONINKLIJKE VOETBALVERENIGING OOSTENDE, fiscal years 2022 to 2023, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2024 has not been filed yet; it was expected before 30 January 2025.
What happened to KONINKLIJKE VOETBALVERENIGING OOSTENDE?
What happened at KONINKLIJKE VOETBALVERENIGING OOSTENDE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
KONINKLIJKE VOETBALVERENIGING OOSTENDE is active according to the CBE. Legal situation: Opening faillissement.
- New annual accounts for financial year 2023: loss of € 6 million. filed late Source: NBB ↗
- New establishment in Oostende. KBO
- Start of the company according to the CBE. KBO
In short
From € 5 million loss in 2022 to € 6 million loss in 2023.
Paid € 285,760 in corporate taxes since 2022.
A new publication or filing at KONINKLIJKE VOETBALVERENIGING OOSTENDE? 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
Establishments
Establishment units
Physical locations of this company
Leopold Van Tyghemlaan 62
8400 Oostende
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.
Website
Technologies
Hosting & Email
Hosting
CLOUDFLARENET - Cloudflare, Inc., US
DNS
Cloudflare DNS
Website info
Features
Security
Network
Details
- Company number
- 0895.938.619
- VAT number
- BE 0895.938.619
- Registered office
- Leopold Van Tyghemlaan 62, 8400 Oostende
- Names & denominations
- KONINKLIJKE VOETBALVERENIGING OOSTENDE · KV OOSTENDE · KVO
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Opening faillissement
- Start date
- 21 February 2008
- Peppol
- Not registered
- Contact
- kvo.be [email protected]
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