In 1990 it was decided to divide Värmbols GoIF into 3 clubs, namely FC Värmbols, DFK Värmbol (Värmbol Women's Football Club) and KVBK (Katrineholm Värmbol Bandyklubb). Värmbols Football Club was formed on 3 December 1990.[2]
Since their foundation Värmbols FC has participated mainly in the lower divisions of the Swedish football league system including a spell in Division 5 from 2000 to 2002. The club currently plays in Division 2 Södra Svealand which is the fourth tier of Swedish football. They play their home matches at the Backavallen in Katrineholm.[3]