FACULTY CLUB

Active

Non-profit associationfounded 200323 yrs activeGroot Begijnhof 14, 3000 Leuven, BelgiumKBO/BCE: BE 0860.258.455

FACULTY CLUB has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €644k and a net result of €247k. Equity is shrinking by ~31.3% per year across the filed fiscal years. Its solvency ranks better than 40% of 2935 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).

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Checked score

Score 2024

76 / 100

Excellent

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2022

Profitability80▲+7

Solvency49▲+11

Growth58=

Track record100

Bankruptcy probability, 12 months

0.1% Very low

0%0.5%1.5%4%10%≥ 25%

Credit up to €45k at 30 days acceptable

Liquidity ample (current ratio 1.75 against 2.05 in 2022; short-term debt: 30.9% and cash: 21.1% of total assets), but 76.3% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Five signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Lower-risk legal form

Companies with this legal form statistically fail less often than a BV.

KBO · legal form

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 56

Relative position

BE, all sectors

reference

Sector 56

higher

← fewer bankruptcies more bankruptcies →

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 20-05-2025, 72 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

not confirmed

2024

72 d early

2023

7 d early

2022

1 d late

2021

53 d early

2020

31 d early

2019

14 d late

← before the deadline after the deadline →

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

Financials · fiscal year 2024, abbreviated schema

Equity

€644k▲ 100%

2022 · €321k

2018: €1.48M 2019: €1.31M 2020: €700k 2021: €236k 2022: €321k

2018 → 2024

Total assets

€2.71M▲ 10.4%

2022 · €2.46M

2018: €3.20M 2019: €3.02M 2020: €1.97M 2021: €2.29M 2022: €2.46M

2018 → 2024

Net result

€247k▲ 189%

2022 · €85k

2018: €-185k 2019: €-172k 2020: €-1.03M 2021: €-464k 2022: €85k

2018 → 2024

Working capital

€631k▲ 2.6%

2022 · €615k

2018: €466k 2019: €315k 2020: €-210k 2021: €491k 2022: €615k

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20192020202120222024Trend

Equity€1.31M-€700k▼ 46.6%€236k▼ 66.3%€321k▲ 36.2%€644k▲ 100%

Operating result€-145k-€-1.01M▼ 597%€-440k▲ 56.6%€106k€259k▲ 145%

Net result€-172k-€-1.03M▼ 499%€-464k▲ 55.1%€85k€247k▲ 189%

Turnover and EBIT margin not published: the abbreviated schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result is €259k in 2024, compared with €106k in 2022. Comparable figures for the intervening years are unavailable.

Balance-sheet composition

2024 in colour, 2022 as the grey bar beneath

Assets €2.71M

45.9%

54.1%

Fixed assets €1.24M▼ 1.0%

Current assets €1.47M▲ 22.4%

Equity and liabilities €2.71M

23.7%

73.7%

Equity €644k▲ 100%

Provisions €70k▲ 29.6%

Debt €2.00M▼ 3.9%

The debt ratio falls from 84.7% to 73.7%. Equity is higher and debt is lower.

Key figures and ratios

2024 value · change against 2022

EBITDA

€457k▲

2022 · €307k

Cash flow

€445k▲

2022 · €286k

Solvency

23.7%▲

2022 · 13.1%

Current ratio

1.75▼

2022 · 2.05

Quick ratio

1.68▼

2022 · 1.96

Debt / equity

3.11▼

2022 · 6.48

ROE

38.4%▲

2022 · 26.6%

ROA

9.1%▲

2022 · 3.5%

Interest coverage

27.96▲

2022 · 16.09

Debt

€2.00M▼

2022 · €2.08M

Debt ≤ 1 year

€838k▲

2022 · €585k

Debt > 1 year

€1.04M▼

2022 · €1.38M

Income taxes

€1k▲

2022 · €1k

Staff costs

€2.64M▲

2022 · €2.11M

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2024 against 2022

Balance sheet Code20222024

Assets

Total assets20/58€2.46M€2.71M▲

Fixed assets21/28€1.26M€1.24M▼

Intangible fixed assets21€68k€132k▲

Tangible fixed assets22/27€1.19M€1.11M▼

Land and buildings22€739k€692k▼

Plant, machinery and equipment23€108k€170k▲

Furniture and vehicles24€167k€125k▼

Other tangible fixed assets26€174k€125k▼

Current assets29/58€1.20M€1.47M▲

Stocks and contracts in progress3€56k€58k▲

Stocks30/36€56k€58k▲

Amounts receivable within one year40/41€464k€459k▼

Trade receivables40€464k€459k▼

Other amounts receivable41€118€494▲

Current investments50/53-€350k

Cash at bank and in hand54/58€647k€572k▼

Deferred charges and accrued income490/1€34k€31k▼

Equity and liabilities

Total equity and liabilities10/49€2.46M€2.71M▲

Equity10/15€321k€644k▲

Contributions10/11€1.00M€1.00M=

Capital10€1.00M€1.00M=

Profit (loss) carried forward14€-683k€-361k▲

Provisions and deferred taxes16€54k€70k▲

Provisions for liabilities and charges160/5€54k€70k▲

Pensions and similar obligations160€47k€50k▲

Other liabilities and charges164/5€8k€20k▲

Amounts payable17/49€2.08M€2.00M▼

Amounts payable after more than one year17€1.38M€1.04M▼

Financial debts170/4€1.38M€1.04M▼

Amounts payable within one year42/48€585k€838k▲

Current portion of amounts payable after more than one year42€103k€176k▲

Trade debts44€252k€430k▲

Suppliers440/4€252k€430k▲

Taxes, remuneration and social security45€230k€232k▲

Taxes450/3€46k€32k▼

Remuneration and social security454/9€184k€199k▲

Accrued charges and deferred income492/3€113k€126k▲

Income statement Code20222024

Remuneration, social security and pensions62€2.11M€2.64M▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€201k€198k▼

Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€4k-

Other operating charges640/8€8k€12k▲

Gross operating margin9900€2.42M€3.11M▲

Operating profit (loss)9901€106k€259k▲

Financial income75/76B€25€6k▲

Recurring financial income75€25€6k▲

Financial charges65/66B€19k€16k▼

Recurring financial charges65€19k€16k▼

Profit (loss) for the period before taxes9903€87k€248k▲

Income taxes67/77€1k€1k▲

Profit (loss) for the period9904€85k€247k▲

Profit (loss) for the period to be appropriated9905€85k€247k▲

Appropriation of the result

Profit (loss) to be appropriated9906€-683k€-361k▲

Profit (loss) brought forward from the previous period14P€-768k€-608k▲

Social balance

Average headcount (FTE)908738.137.0▼

The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 15Financial 5Filings 10

2025

20-05

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema

2024

31-12

Financial Highest result since 2018net €247k ▲189%

Operating result €259k, net result €247k, both a record.

31-12

Financial Equity above €500kEq €644k ▲100%

2 profitable years in a row build equity to €644k.

24-07

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema

2023

01-08

NBB filing Annual accounts filed

fiscal year 2022 · abbreviated schema · 1 day late

2022

31-12

Financial Back to profitnet €85k

Net result €85k after 4 loss-making years.

08-06

NBB filing Annual accounts filed

fiscal year 2021 · abbreviated schema

2021

31-12

Financial Liquidity triplescurrent ratio 2.05

Current ratio from 0.64 to 2.05; short-term debt falls from €575k to €467k.

30-06

NBB filing Annual accounts filed

fiscal year 2020 · abbreviated schema

2020

31-12

Financial Weakest financial yearnet €-1.03M

Net result drops to €-1.03M, the lowest in the series; recovery starts the following year.

14-08

NBB filing Annual accounts filed

fiscal year 2019 · abbreviated schema · 14 days late

2019

25-07

NBB filing Annual accounts filed

fiscal year 2018 · abbreviated schema

2018

22-08

NBB filing Annual accounts filed

fiscal year 2017 · abbreviated schema · 22 days late

2017

29-06

NBB filing Annual accounts filed

fiscal year 2016 · abbreviated schema

2016

26-07

NBB filing Annual accounts filed

fiscal year 2015 · abbreviated schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

10 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.

Location & real-estate footprint

Registered office, Leuven · 1 establishment unit since 2006

establishment The establishment unit on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Groot Begijnhof 143000 Leuven

Ground area

3,390 m²

Building footprint

75 m²

Volume, LiDAR

494 m³

Parcel 24504D1071/00R000, Flanders · tallest building 8.2 m, ±2 floors. Linked by address, not a title deed.

1 establishment unit

FACULTY CLUB vzw

Groot Begijnhof 14, 3000 LeuvenNACE 55301

since 20062.157.827.752

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
24504D1071/00R000 ProtectedMonumentGroot BegijnhofSource ↗	Flanders	3,390 m²	1 · 75 m²	8.2 m · 2 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1

1 of 1 parcel with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).

Public money · subsidies and aid

Flemish government

2022 to 2025 · 4 entries · 6,500 EUR awarded · 6,500 EUR paid

Year	Entries	awarded	paid
2025	1	2,000 EUR	2,000 EUR
2024	1	2,000 EUR	2,000 EUR
2023	1	1,000 EUR	1,000 EUR
2022	1	1,500 EUR	1,500 EUR

Schemes

Premie kwalificerend werkplekleren

2 entries · 4,000 EUR · 4,000 EUR paid · Departement Werk en Sociale Economie

Stagebonus (stopgezet)

2 entries · 2,500 EUR · 2,500 EUR paid · Departement Werk en Sociale Economie

Recognitions · licences · registrations

Food safety, FASFC

1 site · 1 with a smiley

Leuven2.157.827.752

1 permission · smiley 2028NL00580 valid until 05-05-2028

Toelating · Eetgelegenheid · since 11-10-2006

Dual-learning approval

8 live approvals · 15 ended

Grootkeukenkok duaal (so)

Goedgekeurd · 2024 to 2029

Hulpkelner (vwo)

Goedgekeurd · 2026 to 2031

Hulpkelner duaal (so)

Goedgekeurd · 2026 to 2031

Keukenmedewerker (vwo)

Goedgekeurd · 2024 to 2029

Keukenmedewerker duaal (so)

Goedgekeurd · 2024 to 2029

Kok (vwo)

Goedgekeurd · 2026 to 2031

Show 2 more

Kok duaal (so)

Goedgekeurd · 2026 to 2031

Restaurant en keuken duaal (so)

Goedgekeurd · 2022 to 2027

Legal Entity Identifier

5299007EKX2ATE6O1262

live in the LEI register

Similar companies · same sector, comparable size

Of 1,352 companies in sector 56220 we hold annual accounts for 405. 200 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formNon-profit association

Founded27-06-2003

Fiscal year end31-12

Activities, NACEBEL

55301

55510

56101Full-service restaurants

56111Full-service restaurants

56220Contract catering and other food service activities

56290Food and beverage service activities

56210Event catering

56309Food and beverage service activities

68201Renting and operating of own or leased residential real estate, excluding social housing

74872

82300Organisation of conventions and trade shows

Sources

Crossroads Bank for EnterprisesNational Bank · 19 filingsAddress and cadastre registers

Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.