GOLFEVER
ActiveFrom the official registers: KBO 29 annual accounts at the National Bank publications in the Belgian Official Gazette
Summary
GOLFEVER has been active since 1992 and the Belgian Official Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (-€405,322) and a net result of €14,650. Equity has been stable since 2018 (±1.1% per year). Its solvency ranks better than 6% of 2,519 sector peers (NACE 85, financial year 2024). The computed 12-month bankruptcy probability is 1.0% (low).
Overview
Official details
KBO- Status
- Active since 10-01-1992 Normal situation
- Legal form
- Public limited company
- Registered office
- Rogierlaan 228, 1030 Schaarbeek
- Activity
- Sports and recreation education NACE 85510and 1 other
- Establishment unit
- 2.056.323.388 1030 Schaarbeek, since 29-05-2000
- Financial year end
- 31 December
- Peppol
- Reachable since 11-12-2025
Board and ownership
- Olivier PierreManaging director
- Daniel CatoulDirector · since 14-11-2024
Financial position
- Bankruptcy probabilitywithin 12 months
- 1.0%
- Gross margin
- €72,329
- ▲ 11.4%
- Turnover
- ≈ €220,000
- estimated
- Profit
- €14,650
- ▲ 83.7%
- Equity
- -€405,322
- ▲ 3.5%
- Total assets
- €228,246
- ▼ 9.4%
Score breakdownraises riskCapped at 59: negative equityFigures for financial year 2024 (filed on 26-12-2025)lowers riskFounded in 1992Size: total assets €228,246Sector: Education (NACE 85)Show the evidence
Checked score
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 85, micro). It does better than 6% of them on solvency, 24% on liquidity, 32% on profitability and 50% on growth.
The bankruptcy probability was computed on 31-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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Signals
The company filed its last 6 accounts on average 108 days after the deadline. In the sector (NACE 85), the median for financial year 2024 was 16 days before the deadline, and 32% of those companies filed late.
Searched, nothing found (1)
Financials · financial year 2024, micro format
2025 annual accounts not yet filed, deadline passed on 31 July 2026 The financial year closed on 31 December 2025. The accounts are due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 1 November 2026.
Annual accounts 2024
- Financial year ended
- 31-12-2024
- Filed on
- 26-12-2025
- Format
- micro format
- Reference
- 2025-00590544
2020 to 2024, 5 financial years 2018 to 2024, 7 financial years
The operating result for 2024 is 29% higher than in 2023 and the highest since 2020. It is the third rise in a row, after the fall in 2021.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Education (NACE 85). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).
Companies with the same profile, two years later
Historical observationIn July 2024, 3,794 companies had the same profile as GOLFEVER has now. Two years later, 2.7% had gone bankrupt and 91.5% were still going.
- Micro
- 20 years or older
- negative equity
- a profit of 5% of the balance sheet or more
Another 0.6% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of GOLFEVER itself: 1.0% within 12 months.
Test of the method
The method was tested on the 497,445 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 3,794 companies, not a prediction for GOLFEVER. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €33,250 | €34,365 | €34,365 | €34,365 | €34,365 | €34,365 | €34,365 | = |
| Other operating charges640/8 | - | - | - | €5,552 | €7,197 | €6,232 | €6,486 | ▲ 4.1% |
| Gross operating margin9900 | €45,302 | €59,013 | €49,235 | €42,088 | €52,766 | €64,937 | €72,329 | ▲ 11.4% |
| Operating profit (loss)9901 | €1,141 | €16,885 | €9,359 | €2,171 | €11,204 | €24,340 | €31,478 | ▲ 29.3% |
| Financial income75/76B | - | - | - | - | - | €627 | - | - |
| Recurring financial income75 | €58,871 | €431 | €83 | - | - | €627 | - | - |
| Financial charges65/66B | - | - | - | €5,757 | €6,466 | €16,991 | €16,828 | ▼ 1.0% |
| Recurring financial charges65 | €6,210 | €6,200 | €5,550 | €5,757 | €6,466 | €16,991 | €16,828 | ▼ 1.0% |
| Profit (loss) for the period before taxes9903 | €53,802 | €11,116 | €3,892 | -€3,586 | €4,738 | €7,976 | €14,650 | ▲ 83.7% |
| Profit (loss) for the period9904 | €53,802 | €11,116 | €3,892 | -€3,586 | €4,738 | €7,976 | €14,650 | ▲ 83.7% |
| Profit (loss) for the period to be appropriated9905 | €53,802 | €11,116 | €3,892 | -€3,586 | €4,738 | €7,976 | €14,650 | ▲ 83.7% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €475,597 | €435,168 | €349,475 | €312,797 | €280,885 | €251,913 | €228,246 | ▼ 9.4% |
| Fixed assets21/28 | €403,525 | €380,736 | €340,965 | €306,983 | €273,305 | €240,466 | €205,008 | ▼ 14.7% |
| Tangible fixed assets22/27 | €394,000 | €370,785 | €336,420 | €302,055 | €267,690 | €233,325 | €198,960 | ▼ 14.7% |
| Land and buildings22 | - | - | - | €302,055 | €267,690 | €233,325 | €198,960 | ▼ 14.7% |
| Financial fixed assets28 | €9,525 | €9,951 | €4,545 | €4,928 | €5,615 | €7,141 | €6,048 | ▼ 15.3% |
| Current assets29/58 | €72,072 | €54,432 | €8,510 | €5,814 | €7,580 | €11,447 | €23,238 | ▲ 103% |
| Amounts receivable within one year40/41 | - | €1,128 | €8,510 | - | €7,046 | €5,938 | €10,445 | ▲ 75.9% |
| Trade receivables40 | - | - | - | - | €7,046 | €5,938 | €10,445 | ▲ 75.9% |
| Cash at bank and in hand54/58 | €67,572 | €53,304 | - | €5,814 | €534 | - | €4,885 | - |
| Deferred charges and accrued income490/1 | - | - | - | - | - | €5,509 | €7,908 | ▲ 43.5% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €475,597 | €435,168 | €349,475 | €312,797 | €280,885 | €251,913 | €228,246 | ▼ 9.4% |
| Equity10/15 | -€444,108 | -€432,992 | -€429,100 | -€432,686 | -€427,948 | -€419,972 | -€405,322 | ▲ 3.5% |
| Contributions10/11 | €30,987 | €30,987 | €30,987 | €30,987 | €30,987 | €30,987 | €30,987 | = |
| Capital10 | - | - | - | €30,987 | €30,987 | €30,987 | €30,987 | = |
| Issued capital100 | - | - | - | €30,987 | €30,987 | €30,987 | €30,987 | = |
| Reserves13 | €3,099 | €3,099 | €3,099 | €3,099 | €3,099 | €3,099 | €3,099 | = |
| Non-distributable reserves130/1 | - | - | - | €3,099 | €3,099 | €3,099 | €3,099 | = |
| Legal reserve130 | - | - | - | €3,099 | €3,099 | €3,099 | €3,099 | = |
| Profit (loss) carried forward14 | -€478,194 | -€467,078 | -€463,186 | -€466,772 | -€462,034 | -€454,058 | -€439,408 | ▲ 3.2% |
| Amounts payable17/49 | €919,705 | €868,160 | €778,575 | €745,483 | €708,833 | €671,885 | €633,568 | ▼ 5.7% |
| Amounts payable after more than one year17 | €321,170 | €811,170 | €718,270 | €677,770 | €633,770 | €610,894 | €572,394 | ▼ 6.3% |
| Financial debts170/4 | - | - | - | €677,770 | €633,770 | €610,894 | €572,394 | ▼ 6.3% |
| Amounts payable within one year42/48 | €570,035 | €52,490 | €60,305 | €66,213 | €72,063 | €57,991 | €58,174 | ▲ 0.3% |
| Current portion of amounts payable after more than one year42 | - | - | - | €48,000 | €48,000 | €48,000 | €48,000 | = |
| Financial debts43 | - | - | - | - | - | €4,309 | - | - |
| Credit institutions430/8 | - | - | - | - | - | €4,309 | - | - |
| Trade debts44 | €15,011 | €4,443 | €11,986 | €17,919 | €24,063 | €5,682 | €10,174 | ▲ 79.1% |
| Suppliers440/4 | - | - | - | €17,919 | €24,063 | €5,682 | €10,174 | ▲ 79.1% |
| Other amounts payable47/48 | - | - | - | €294 | - | - | - | - |
| Accrued charges and deferred income492/3 | - | - | - | €1,500 | €3,000 | €3,000 | €3,000 | = |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €53,802 | €11,116 | €3,892 | -€3,586 | €4,738 | €7,976 | €14,650 | ▲ 83.7% |
| + Depreciation and write-downs630 | €33,250 | €34,365 | €34,365 | €34,365 | €34,365 | €34,365 | €34,365 | = |
| Operating cash flow (approximation) | €87,052 | €45,481 | €38,257 | €30,779 | €39,103 | €42,341 | €49,015 | ▲ 15.8% |
| Investment in fixed assets (approximation) | - | -€11,576 | €5,406 | -€383 | -€687 | -€1,526 | €1,093 | - |
| Change in cash | - | -€14,268 | - | - | -€5,280 | - | - | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 29 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2024 | micro format | 26-12-2025 | 2025-00590544 | |
| 31-12-2023 | micro format | 02-09-2024 | 2024-00428843 | |
| 31-12-2022 | micro format | 03-11-2023 | 2023-00504448 | |
| 31-12-2021 | micro format | 28-12-2022 | 2022-20547925 | |
| 31-12-2020 | micro format | 18-10-2021 | 2021-72300046 | |
| 31-12-2019 | micro format | 18-12-2020 | 2020-76300477 | |
| 31-12-2018 | full format | 22-11-2019 | 2019-74200178 | |
| 31-12-2017 | full format | 15-10-2018 | 2018-69400393 | |
| 31-12-2016 | full format | 02-10-2017 | 2017-65900229 | |
| 31-12-2014 | full format | 31-12-2015 | 2015-71000545 |
Comparable companies
These companies have the same main activity as GOLFEVER: sports and recreation education (NACE 85510). They are comparable in size and age: total assets between €171,000 and €326,000, founded between 1988 and 2002.
| Company | Founded | Total assets | Equity | Gross margin | Turnover | Net result | FTE | Financial year |
|---|---|---|---|---|---|---|---|---|
| GOLFEVER Schaarbeek | 1992 | €228,246 | -€405,322 | €72,329 | - | €14,650 | - | 2024 |
| MAHADEVA Kortrijk | 1989 | €275,606 | €208,662 | €48,423 | - | €32,535 | - | 2025 |
| WOLF CLUB Jemeppe-sur-Sambre | 1998 | €171,122 | €8,026 | €56,265 | - | €18,800 | - | 2024 |
| CENTRE DE MAITRISE DU VOLANT Oupeye | 2000 | €254,840 | €240,402 | €71,809 | €0 | €14,171 | - | 2025 |
| D&V Creations Gavere | 1999 | €318,404 | €40,790 | €59,994 | - | €16,028 | - | 2026 |
| Shibumi Beringen | 1988 | €204,294 | €88,942 | €35,974 | - | €5,654 | 0.2 | 2025 |
| PRO 1 GOLF Ottignies-Louvain-la-Neuve | 2002 | €325,731 | €135,638 | €78,299 | - | €17,340 | - | 2024 |
They were chosen from the 818 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Day-to-day management 1
Mandate history
- Board
- Day-to-day management
- began earlier
| Name | Functions and periods |
|---|---|
| Daniel Catoul |
|
| Olivier Pierre |
|
Owners and capital
Owners
Group and network
Connections & network
2 current directorsThe network starts from the directors of GOLFEVER. Every other company they run is a node.
History
Acts, filings and financial milestones
14-04
Gazette deed
Reappointments: Daniel Catoul (director) and Olivier Pierre (director)5 points ▸
- General meeting, 14-11-2024
- Director reappointment, Daniel Catoul (director)
- Director reappointment, Olivier Pierre (director)
- Director reappointment, Olivier Pierre (managing director)
- Other provision, “signatures du procès-verbal, Les actionnaires” (deed in French)
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Invoicing and payment
Financial year and general meeting
Accounts at the NBBThe scores and ratios are Checked's own calculations, not a credit decision.
Sites & property
1 establishment unit
Buildings and parcels at the address
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21904B0515/00R003 | Brussels | 104 m² | 1 · 103 m² | 18.7 m · 6 |