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KVC WESTERLO

Active
Private limited companyfounded 198837 yrs activede Merodedreef 189, 2260 Westerlo, BelgiumKBO/BCE: BE 0436.473.670
Summary

The computed 12-month bankruptcy probability of KVC WESTERLO is 2.4% (moderate). The 2025 annual accounts show negative equity (-€1.9m) and a net result of -€11.8m. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 14% of 483 sector peers (fiscal year 2025). The company has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals.

Risk analysisWatch ReportCompare
KVC WESTERLOActiveChecked score 51/100
Risk analysis ReportCompare

Overview

Activity
Football clubs
NACE 93121NACE 55510
#1 company by staff growth in the province of Antwerp, Sports and recreation sector2 sites
Size
€14.4mturnover 2025
Staff
101.9 FTE
Equity
-€1.9m
Loss
-€11.8m
Financial health
51 Fair Checked score 2025
Bankruptcy chance 12 m
2.4%
Structure
Holdings
1
Accounts 43 d early1 of 19 deeds read
Why 51- Negative equity -€1.9m- Loss of €11.8m, the second in a row (FY 2025)- Liquidity: current ratio 0.83, cash €135,090+ Sector Sports, amusement and recreation activities (NACE 93)Show the evidence

Checked score

Score 2025
51 / 100
Fair
Probability in this band: 1.5% to 4.2%
Better than 30% of its sector peers (NACE 93, medium-sized)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Weak
Solvency 20+4
equity -4.8% of total assets
Liquidity 32+4
short-term debt 38.9% · cash 0.3%
Profitability 0=
return on assets -30.4%
Bankruptcy probability, 12 months
2.4% Moderate
0%0.5%1.5%4%10%≥ 25%

About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (53 companies)
Last 24 months 11-2024: 2.8%highest value 12-2024: 2.5%▼ -8.0% vs 11-2024 01-2025: 2.5%● 0.0% vs 12-2024 02-2025: 2.5%● 0.0% vs 01-2025 03-2025: 2.5%● 0.0% vs 02-2025 04-2025: 2.5%● 0.0% vs 03-2025 05-2025: 2.5%● 0.0% vs 04-2025 06-2025: 2.5%● 0.0% vs 05-2025 07-2025: 2.5%● 0.0% vs 06-2025 08-2025: 2.5%▼ -2.8% vs 07-2025 09-2025: 2.5%● 0.0% vs 08-2025 10-2025: 2.5%● 0.0% vs 09-2025 11-2025: 2.5%● 0.0% vs 10-2025 12-2025: 2.5%▲ +1.8% vs 11-2025 01-2026: 2.5%▼ -0.8% vs 12-2025 02-2026: 2.5%● 0.0% vs 01-2026 03-2026: 2.5%● 0.0% vs 02-2026 04-2026: 2.5%● 0.0% vs 03-2026 05-2026: 2.5%● 0.0% vs 04-2026 06-2026: 2.5%● 0.0% vs 05-2026 07-2026: 2.5%● 0.0% vs 06-2026 08-2026: 2.4%▼ -2.9% vs 07-2026lowest value 09-2026: 2.4%▲ +1.2% vs 08-2026 10-2026: 2.4%● 0.0% vs 09-2026
  • Negative equity -€1.9m raises the probability
  • Loss of €11.8m, the second in a row (FY 2025) raises the probability
  • Liquidity: current ratio 0.83, cash €135,090 raises the probability
  • Sector Sports, amusement and recreation activities (NACE 93) lowers the probability
No credit on open account
Liquidity short (current ratio 0.83 against 0.57 in 2024; short-term debt: 38.9% and cash: 0.3% of total assets), and equity is negative.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 93, medium-sized). Better than this share of them on solvency 13%, liquidity 22%, profitability 9%, growth against the median 76%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 03-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Negative equity -€1.9m
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Loss of €11.8m, the second in a row (FY 2025)
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
raises risk · Liquidity: current ratio 0.83, cash €135,090
In the bankruptcy model this factor raises the probability.
NBB · annual accounts
lowers risk · Sector Sports, amusement and recreation activities (NACE 93)
In the bankruptcy model this factor lowers the probability.
KBO
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
19202122232425
2019 to 2025 · latest year -€1.9m
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 19-12-2025, 43 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
43 d early
2024
66 d early
2023
68 d early
2022
63 d early
2021
35 d early
2020
55 d early
2019
39 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 53 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 29 November (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
30-06-2026 close03-10-2026 today31-01-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. MiscellaneousCapital contribution · Auditor report…
  2. Annual accounts filedfiscal year 2025 · full…
  3. Annual accounts filedfiscal year 2024 · full…

Key points

  • Risk: Negative equityfiscal year 2025: debts exceed assets -€1.9m View
  • Risk: 7 loss-making years in a rowloss fiscal year 2025 -€11.8m View
  • Caution: Among the weakest 5% on net resultsector median €13,421 · 482 companies -€11.8m View
  • Positive: Result rose in 2025from -€22.9m to -€11.8m ▲ 48.7% View
  • Positive: Always filed on timeaccounts within the deadline every year 7 years View

By topic

Financials

Fiscal year
2025
Turnover
€14.4m
Loss
-€11.8m
Solvency
-4.8%
Turnover▲ 22.4%
Net result
20222025
Go to Financials

Timeline

Events
13
Since
2016
Next accounts
by 31-01-2027
  1. 01-07-2026Miscellaneous
  2. 19-12-2025Annual accounts filed
  3. 26-11-2024Annual accounts filed
Go to Timeline

Company details

Sites
2
Legal form
Private limited company
Activity
Football clubsNACE 93121
Founded
01-12-1988
Year ends
30-06
Peppol
Reachable for e-invoices
Go to Company details

Go further with this company

How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Is the workforce growing, and do people stay?Employer check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Subsidies

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