e.V. · 1. Bundesliga · Est. 1846 · Voith-Arena (15.000) · Heidenheim an der Brenz
What is the financial situation of 1. FC Heidenheim? 1. FC Heidenheim achieves a Financial Stability Score of 32 out of 100 (rating: red). The equity ratio stands at 4.7% (league average: 34.1%), the personnel cost ratio at 45.0%. The liabilities ratio is 49.7%. Equity stands at €2.2M.
Data as of:DFL Financials: FY 2023/24 (reporting date 30.06.2024)·Squad values: April 2026·Transfers: current·Update: DFL FY 24/25 expected May/June 2026
The smallest city in Bundesliga history. Heidenheim (50,000 inhabitants) in the Bundesliga is an anomaly — and a testament to Jan Schindler's long-term development. The Voith-Arena (15,000) is the smallest stadium in the league. Financial resources are limited, but so are the risks. Heidenheim operate within their means.
Heidenheim operiert ohne Sicherheitsnetz. Frank Schmidt IST das Geschäftsmodell.
Financial data shown is based on DFL Financial Indicators 2025 (FY 2023/24, reporting date 30.06.2024). The Bundesliga overall grew by 6.7% in 2024/25 to over €5 billion in revenue. Whether 1. FC Heidenheim benefited disproportionately will be revealed by the next DFL Financial Indicators, expected May or June 2026. The Outlook tab below contains an informed projection.
32
Fragile
Revenue 2023-24
€87.9M
Gross revenue · Einzel accounts
Personnel Cost Ratio
45.0%
League avg. 47.9%
Squad Value
€0M
BV €0M · Reserves €0M
Voith-Arena
15.000 seats
Eigentum
Equity Ratio
4.7%
League avg. 34.1%
Liabilities Ratio
49.7%
League avg. 47.0%
Summary: The smallest city in Bundesliga history. Heidenheim (50,000 inhabitants) in the Bundesliga is an anomaly — and a testament to Jan Schindler's long-term development. The Voith-Arena (15,000) is the smallest stadium in the league. Financial resources are limited, but so are the risks. Heidenheim operate within their means.
DFL License Check
Compliant. Conservative management appropriate for the club's size.
Positive Equity
\u2713
€2.2M
Passed
Equity Ratio > 30%
\u2717
4.7%
-25.3pp below threshold
Liabilities < 50%
\u2713
49.7%
0.3pp buffer
Balance Sheet (2024-12-31)
Total Assets€47.4M
Equity€2.2M
Liabilities€23.6M
P&L (2023-24)
Revenue€87.9M
Personnel Costs€39.6M
EBITDA€11.3M
Net Income€4.3M
Equity X-Ray — Hidden Reserves
Minimal squad values. No expensive transfers, no repricing risk.
Squad Valuation
Player Assets (Book Value)€0M
Squad Market Value€0M
Hidden Reserves€0M
Key Players (largest hidden reserves)
Transfer Balance (5 Years)
Season
Spending
Income
Net
2025-26
€8M
€5M
-€3M
2024-25
€10M
€5M
-€5M
2023-24
€8M
€3M
-€5M
2022-23
€3M
€1M
-€2M
2021-22
€2M
€2M
€0M
5-Year Balance
€31M
€16M
-€15M
Financial Stability Score — Components
Equity Ratio (25%)
10
Personnel Costs (25%)
80
Liabilities (20%)
35
Transfer Balance (15%)
45
Revenue Diversif. (15%)
30
Strengths
Stadium owned (Voith-Arena)
Conservative management
Remarkable sporting rise
Weaknesses
Smallest stadium in the league (15,000)
Smallest market (50,000 inhabitants)
Limited revenue potential
Thin squad depth
Risk Profile
Leading Indicators
EK minimal
2,2 Mio — jeder Verlust macht EK negativ.
Structural Risks
Hoch
Strukturell kein BL-Standort
50.000 EW, 15.000er Stadion, minimale Eigenerlöse. Nur möglich durch Frank-Schmidt-Effizienz.
Black Swan
Abstieg + negatives EK
Bei 2,2 Mio EK reicht ein Verlustjahr. Abstieg in die 2.BL bei negativem EK = DFL-Auflagen, Notverkäufe. Frank-Schmidt-Abgang wäre zusätzlicher Schock.
Outlook — FY 2024/25 Projection
Estimate · No official figures
Official DFL financial data covers FY 2023/24. Based on known parameters — transfer activity 2024/25, league growth (+6.7% per DFL Economic Report), sporting results — an informed projection for 30.06.2025 can be constructed. This estimate will be replaced once the official DFL financial data is published, expected May/June 2026.
Metric
FY 23/24 (DFL)
FY 24/25 (Estimate)
Revenue
€87.9M
~€94M
Personnel Costs
€39.6M
~€42M
Personnel Cost Ratio
45.0%
~44.7%
Estimated Result
€4.3M
~€3–5M
Estimated Equity
€2.2M
~€5–7M
Estimated Equity Ratio
4.7%
~10–14%
Simulator (coming soon): Scenario Simulator (coming soon): From summer 2026, you can run scenarios here — What happens upon relegation? What does Europa League qualification bring? Revenue, costs, required actions — interactive per club.
Frequently Asked Questions
Can Heidenheim survive in the Bundesliga?
Financially yes — the club doesn't overspend. Sportingly it's a challenge every season. But Heidenheim have proven doubters wrong at every level from the Regionalliga upward.
Is the stadium a problem?
15,000 is limiting but manageable. The club lives within its means. European qualification (which happened in 2024) would strain capacity but boost revenue.