[citation needed] Its enjoyed its best performances in the Gauliga Baden, one of sixteen top-flight divisions established through the 1933 re-organization of German football under the Third Reich.

Their best result came in 1940 when they went out in a semi-final against FC Schalke 04, the dominant side of the era, before settling for fourth place after losing a consolation round match to Rapid Vienna.

The next season saw them in the tier II Regionalliga Süd alongside local rivals VfR Mannheim.

Bundesliga in 1999 after a season-long struggle with Kickers Offenbach was cut short in 2003 when financial irregularities saw the German Football Association deny the team a licence, dropping them to the Oberliga Baden-Württemberg (IV).

[1] Waldhof again had their licence withdrawn in 2010 and were demoted back to the Oberliga Baden-Württemberg, now the fifth level of German football, despite having finished clear of the relegation zone with the league's smallest budget.

[citation needed] Waldhof spent only one year in the Oberliga, winning the league in 2010–11 and advancing directly back to the Regionalliga.

On 11 June 2011 they defeated FV Illertissen 6–0 in their final league match to clinch promotion and also set a new fifth division attendance record of 18,312.

They also lost promotion play-offs in the following two seasons after finishing second in the Regionalliga Südwest, to Meppen on penalties in 2017 and to KFC Uerdingen in 2018 after crowd disturbances caused the second leg to be abandoned while Waldhof were losing 3–1 on aggregate.

[4] Note: Flags indicate national team as defined under FIFA eligibility rules; some limited exceptions apply.

Note: Flags indicate national team as defined under FIFA eligibility rules; some limited exceptions apply.

In the 2007–08 season, the team narrowly missed out on Verbandsliga promotion when it finished second on equal points to the SV Sandhausen II.