STUDENTCOMFORT
ActiveSummary
STUDENTCOMFORT has been active since 1992 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 2 administrative register entries (see administrative flags). The 2025 annual accounts show equity of €85.5m and a net result of €3.7m. Equity remains stable across the filed fiscal years (±0.5% per year). Its solvency ranks better than 51% of 9294 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability42=
Solvency57▼-2
Growth78▲+26
Track record84
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000,000 at 30 days acceptable
Liquidity short (current ratio 0.19 against 0.15 in 2024; short-term debt: 40.8% and cash: 0.2% of total assets), and 67.7% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Nine signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
32.3%
Return on assets
1.4%
Age of the figures
18 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 31-10-2025, 0 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
on the day
2024
53 d late
2022
4 d early
2021
on the day
2020
13 d early
2019
on the day
2018
1 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 5 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
raises risk · Administrative warnings in the KBO publications
2 publications by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or their withdrawal.
KBO publicationsPublications
Address struckAddress strikeout annulled
Checked, nothing found (1)
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close28-09-2026 today31-10-2026 deadline
History
Go further with this company
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Financials · fiscal year 2025, abbreviated schema
In the rankings
#2 company by equity in Leuven, Real estate sector#3 company by total assets in Leuven, Real estate sector#8 employer in Leuven, Real estate sector
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€3.7m
2024 · -€528,354
Working capital
-€87.4m▼ 6.9%
2024 · -€81.7m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220242025
Operating result€1.8m▲ 9,018%€22.2m▲ 1,103%€4.1m▼ 81.4%€4.3m-€9.9m▲ 133%
Net result-€139,241below the sector's middle half▲ 60.7%€15.1mabove the sector's middle half€1.6mabove the sector's middle half▼ 89.1%-€528,354below the sector's middle half-€3.7mabove the sector's middle half
Equity€85.4mabove the sector's middle half▲ 2,856%€90.2mabove the sector's middle half▲ 5.6%€90.3mabove the sector's middle half▲ 0.1%€87.0mabove the sector's middle half-€85.5mabove the sector's middle half▼ 1.8%
Total assets€225.4mabove the sector's middle half▲ 89.8%€240.4mabove the sector's middle half▲ 6.6%€237.5mabove the sector's middle half▼ 1.2%€252.5mabove the sector's middle half-€264.9mabove the sector's middle half▲ 4.9%
Debt€138.9m▲ 21.1%€143.9m▲ 3.6%€140.9m▼ 2.1%€158.8m-€171.9m▲ 8.2%
Working capital-€104.6m▼ 4.6%-€84.4m▲ 19.3%-€84.7m▼ 0.2%-€81.7m--€87.4m▼ 6.9%
Solvency37.9%within the sector's middle half▲ 35.4pp37.5%within the sector's middle half▼ 0.4pp38.0%within the sector's middle half▲ 0.5pp34.5%within the sector's middle half-32.3%within the sector's middle half▼ 2.2pp
Staff (FTE)3.8within the sector's middle half▲ 22.6%0.3below the sector's middle half▼ 92.1%5.1above the sector's middle half▲ 1,600%6.8above the sector's middle half-13.2above the sector's middle half▲ 94.1%
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Why a figure moved sharply
- 2022 Net result -89% on 2021. The accounts now follow the abbreviated schema, last year the full schema.
- 2020 Net result +61% on 2019. The accounts now follow the full schema, last year the abbreviated schema.
Result per fiscal year
Operating resultNet result
The operating result rises in 2025; 2025 is 133% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €264.9m
Fixed assets
€244.1m ▲ 2.5%
Current assets
€20.8m ▲ 44.7%
Equity and liabilities €264.9m
Equity
€85.5m ▼ 1.8%
Provisions
€7.5m ▲ 13.9%
Debt
€171.9m ▲ 8.2%
Debt's share of the balance-sheet total rises from 62.9% to 64.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€15.1m▲
2024 · €13.1m
Cash flow
€8.9m▲
2024 · €8.3m
Current ratio
0.19▲
2024 · 0.15
Quick ratio
0.04▲
2024 · 0.02
Debt to equity
2.01▲
2024 · 1.82
ROE
4.3%▲
2024 · -0.6%
ROA
1.4%▲
2024 · -0.2%
Interest coverage
2.58▼
2024 · 2.80
Debt ≤ 1 year
€108.2m▲
2024 · €96.1m
Debt > 1 year
€63.5m▲
2024 · €61.6m
Income taxes
€305▼
2024 · €427,647
Staff costs
€334,763▲
2024 · €297,710
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 14,733 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 96% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.2%
went bankrupt
3.5%
stopped otherwise
96%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.5% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 14,733 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €671,143 | €7,500 | €30,000 | ▲ 300% |
| Remuneration, social security and pensions62 | €62,209 | €90,499 | €110,095 | €297,710 | €334,763 | ▲ 12.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €5.4m | €4.5m | €5.0m | €8.8m | €5.1m | ▼ 41.8% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | -€55,000 | €10,000 | - | - |
| Other operating charges640/8 | €380,746 | €2.7m | €794,330 | €1.6m | €794,220 | ▼ 50.5% |
| Non-recurring operating charges66A | €8,359 | - | €34,840 | €87,725 | - | - |
| Gross operating margin9900 | €7.7m | €29.5m | €10.0m | €15.1m | €16.2m | ▲ 7.4% |
| Operating profit (loss)9901 | €1.8m | €22.2m | €4.1m | €4.3m | €9.9m | ▲ 133% |
| Financial income75/76B | €5,876 | €212 | €0 | €279,905 | €539,251 | ▲ 92.7% |
| Recurring financial income75 | €5,876 | €212 | €0 | €279,905 | €539,251 | ▲ 92.7% |
| Financial charges65/66B | €2.0m | €2.0m | €1.9m | €4.7m | €5.9m | ▲ 24.9% |
| Recurring financial charges65 | €2.0m | €2.0m | €1.9m | €4.7m | €5.9m | ▲ 24.9% |
| Profit (loss) for the period before taxes9903 | -€177,670 | €20.2m | €2.2m | -€139,325 | €4.6m | ▲ 3,425% |
| Transfer from deferred taxes780 | €38,429 | €121,140 | €184,551 | €38,618 | €219,307 | ▲ 468% |
| Transfer to deferred taxes680 | - | €5.3m | €597,569 | - | €1.1m | - |
| Income taxes67/77 | - | - | €168,008 | €427,647 | €305 | ▼ 99.9% |
| Profit (loss) for the period9904 | -€139,241 | €15.1m | €1.6m | -€528,354 | €3.7m | ▲ 804% |
| Transfer from tax-exempt reserves789 | €74,631 | €235,260 | €520,424 | €53,768 | €624,348 | ▲ 1,061% |
| Transfer to tax-exempt reserves689 | - | €15.8m | €1.8m | - | €3.4m | - |
| Profit (loss) for the period to be appropriated9905 | -€64,611 | -€485,624 | €366,779 | -€474,585 | €937,944 | ▲ 298% |
| Line | 2020 | 2021 | 2022 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €225.4m | €240.4m | €237.5m | €252.5m | €264.9m | ▲ 4.9% |
| Fixed assets21/28 | €220.3m | €229.8m | €229.3m | €238.1m | €244.1m | ▲ 2.5% |
| Intangible fixed assets21 | €2.2m | €2.2m | - | €2.2m | €2.2m | = |
| Tangible fixed assets22/27 | €217.9m | €221.3m | €218.4m | €215.3m | €218.9m | ▲ 1.7% |
| Land and buildings22 | €215.5m | €219.0m | €216.4m | €213.4m | €217.1m | ▲ 1.7% |
| Furniture and vehicles24 | €51,898 | €62,829 | €40,473 | €11,916 | €58,137 | ▲ 388% |
| Leasing and similar rights25 | €2.1m | €2.0m | €2.0m | €1.8m | €1.8m | ▼ 3.8% |
| Assets under construction and advance payments27 | €250,000 | €250,000 | - | - | - | - |
| Financial fixed assets28 | €204,859 | €6.3m | €10.8m | €20.6m | €23.0m | ▲ 11.7% |
| Current assets29/58 | €5.1m | €10.5m | €8.2m | €14.4m | €20.8m | ▲ 44.7% |
| Stocks and contracts in progress3 | - | €5.1m | €6.5m | €12.5m | €16.6m | ▲ 33.4% |
| Stocks30/36 | - | €5.1m | €6.5m | €12.5m | €16.6m | ▲ 33.4% |
| Amounts receivable within one year40/41 | €3.8m | €4.2m | €1.1m | €1.8m | €3.7m | ▲ 104% |
| Trade receivables40 | €3.1m | €3.1m | €1.0m | €1.3m | €786,106 | ▼ 39.3% |
| Other amounts receivable41 | €643,448 | €1.1m | €57,565 | €524,084 | €2.9m | ▲ 460% |
| Current investments50/53 | - | - | - | €814 | €814 | = |
| Cash at bank and in hand54/58 | €1.4m | €1.2m | €581,084 | €104,066 | €428,130 | ▲ 311% |
| Deferred charges and accrued income490/1 | - | - | - | €74 | €39,522 | ▲ 52,972% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €225.4m | €240.4m | €237.5m | €252.5m | €264.9m | ▲ 4.9% |
| Equity10/15 | €85.4m | €90.2m | €90.3m | €87.0m | €85.5m | ▼ 1.8% |
| Contributions10/11 | €550,000 | €550,000 | €550,000 | €550,000 | €550,000 | = |
| Capital10 | €550,000 | €550,000 | €550,000 | €550,000 | €550,000 | = |
| Issued capital100 | €550,000 | €550,000 | €550,000 | €550,000 | €550,000 | = |
| Revaluation surpluses12 | €82.6m | €72.3m | €71.3m | €70.3m | €65.0m | ▼ 7.5% |
| Reserves13 | €2.2m | €17.8m | €17.9m | €18.8m | €21.5m | ▲ 14.8% |
| Non-distributable reserves130/1 | €12,395 | €12,395 | €36,093 | €12,395 | €12,395 | = |
| Legal reserve130 | €12,395 | €12,395 | €36,093 | €12,395 | €12,395 | = |
| Tax-exempt reserves132 | €2.2m | €17.8m | €17.9m | €18.7m | €21.5m | ▲ 14.8% |
| Distributable reserves133 | €7,500 | €7,500 | - | €7,500 | €7,500 | = |
| Profit (loss) carried forward14 | -€19,258 | -€504,881 | €495,619 | -€2.5m | -€1.6m | ▲ 36.8% |
| Provisions and deferred taxes16 | €1.2m | €6.3m | €6.3m | €6.6m | €7.5m | ▲ 13.9% |
| Provisions for liabilities and charges160/5 | €55,000 | €55,000 | - | €10,000 | €10,000 | = |
| Major repairs and maintenance162 | €55,000 | €55,000 | - | - | - | - |
| Environmental obligations163 | - | - | - | €10,000 | €10,000 | = |
| Deferred taxes168 | €1.1m | €6.3m | €6.3m | €6.6m | €7.5m | ▲ 13.9% |
| Amounts payable17/49 | €138.9m | €143.9m | €140.9m | €158.8m | €171.9m | ▲ 8.2% |
| Amounts payable after more than one year17 | €28.5m | €48.4m | €46.6m | €61.6m | €63.5m | ▲ 3.2% |
| Financial debts170/4 | €28.0m | €47.9m | €46.6m | €61.6m | €63.5m | ▲ 3.2% |
| Other amounts payable178/9 | €466,048 | €491,157 | - | - | - | - |
| Amounts payable within one year42/48 | €109.8m | €95.0m | €92.9m | €96.1m | €108.2m | ▲ 12.6% |
| Current portion of amounts payable after more than one year42 | €889,572 | €2.7m | €3.5m | €6.7m | €2.5m | ▼ 62.3% |
| Financial debts43 | €84.5m | €81.7m | €75.6m | €61.1m | €73.7m | ▲ 20.7% |
| Credit institutions430/8 | €84.5m | €81.7m | €75.6m | €61.1m | €73.7m | ▲ 20.7% |
| Trade debts44 | €12,000 | €6,755 | €377,792 | €1.5m | €2.6m | ▲ 76.4% |
| Suppliers440/4 | €12,000 | €6,755 | €377,792 | €1.5m | €2.6m | ▲ 76.4% |
| Advances received on contracts in progress46 | - | - | €475,305 | €450,921 | €1.6m | ▲ 248% |
| Taxes, remuneration and social security45 | €2,345 | €3,825 | €177,857 | €145,740 | €240,738 | ▲ 65.2% |
| Taxes450/3 | - | - | €168,008 | €131,943 | €148,318 | ▲ 12.4% |
| Remuneration and social security454/9 | €2,345 | €3,825 | €9,849 | €13,797 | €92,420 | ▲ 570% |
| Other amounts payable47/48 | €24.4m | €10.6m | €12.7m | €26.3m | €27.6m | ▲ 4.8% |
| Accrued charges and deferred income492/3 | €612,925 | €491,223 | €1.4m | €1.1m | €160,343 | ▼ 86.0% |
| Line | 2020 | 2021 | 2022 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€139,241 | €15.1m | €1.6m | -€528,354 | €3.7m | ▲ 804% |
| + Depreciation and write-downs630 | €5.4m | €4.5m | €5.0m | €8.8m | €5.1m | ▼ 41.8% |
| Operating cash flow (approximation) | €5.3m | €19.6m | €6.6m | €8.3m | €8.9m | ▲ 6.6% |
| Investment in fixed assets (approximation) | - | -€14.0m | -€4.4m | - | -€11.2m | - |
| Change in cash | - | -€185,450 | -€589,028 | - | €324,063 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
31-10
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
28-04
KBO administration
Address strikeout annulled
31-03
Financial
Back to profitnet €3.7m
Net result €3.7m after one loss-making year.
14-03
KBO administration
Address struck
Naamsestraat 111 Die Sitzadresse Naamsestraat 111 3000
Leuven · event 15-01-2025
2024
23-12
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 53 days late
31-03
Financial
Weakest financial yearnet -€528,354
Net result drops to -€528,354, the lowest in the series; recovery starts the following year.
27-02
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
09-02
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2023
27-01
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-01
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-06
Financial
Back to profitnet €15.1m
Net result €15.1m after 2 loss-making years.
18-01
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
Show earlier events
2020
30-06
Financial
Equity above €50mEq €85.4m ▲2,856%
Equity rises from €2.9m to €85.4m.
31-01
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
01-02
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 1 day late
2018
25-01
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 10 acts read
About the unread acts
We know of 10 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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 · 2 establishment units since 1993
Ground area
5,564 m²
Building footprint
556 m²
Volume, LiDAR
1,325 m³
2 parcels, Flanders · tallest building 11.9 m, ±1 floor. Linked by address, not a title deed.
24
companies at this address
See who is registered here
2 establishment units
Establishment
since 19932.060.705.117
Quinten Metsysplein 12, 3000 Leuven
since 20182.279.489.310
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24502B0324/00S002 | Flanders | 5,098 m² | 1 · 405 m² | 10.9 m |
| 24502C0360/00K000 | Flanders | 466 m² | 1 · 151 m² | 11.9 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
7 holdings · 8 subsidiaries in the treeOwners 0
The accounts to 31-03-2025 list no shareholders, and no other source names one.
Holdings 7
- BuildingcomfortsubsidiarySourceown accounts 31-03-2025100%
-
100%
-
100%
-
100%
-
100%
-
100%
-
50%
All subsidiaries, including indirect ones 8
Companies in which this company or one of its subsidiaries holds more than half, or which it consolidates according to the LEI register.
- Buildingcomfort 100%
- Kortrijk Student House 100%
NOVA INVEST 100%1 subsidiary
- Rubens Invest 100%
- Residentie Martino 100%
- STEBEN INVEST 100%
According to the annual accounts to 31-03-2025 of STUDENTCOMFORT and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Recognitions · licences · registrations
Legal Entity Identifier
254900UN3FDZ6DOPF917
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MARCHMAIN INVEST
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Turnhout · Eq €81.9m
Of 9,146 companies in sector 68201 we hold annual accounts for 6,775. 367 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded15-12-1992
Fiscal year end31-03
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
46730Wholesale trade
E-invoicing
Reachable via Peppol
Peppol ID
0208:0448898083
Also
9925:BE0448898083
Registered
29-12-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.