The judgement was confirmed on 1 March 2006 after which chairman Vic Keersmaekers resigned.

The executive committee of the FA decided on 8 May 2006 to let Geel play the 2005–06 second division final round although the rules of the competition state that a relegated club cannot take part in the final round.

On 15 June 2006 the Evocation Commission rejected the plaint of Geel and the club was then officially relegated to the third division, permitting K.M.

Conversations were started with the Egyptian group Wadi Degla Investment to take over the club.

On 30 June 2008, the club filed for bankruptcy and ultimately ceased to exist.