ACTIVE

Corda Campus

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Financial year 2025 · closed on 31/12/2025

Net result

2,1 M €

+60.1% YoY

Revenue

18,2 M €

+4.8% YoY

Equity

41 M €

+3.4% YoY

Workforce

17,8 ETP

+1.1% YoY

What does Corda Campus do?

Corda Campus is a Public limited company incorporated in 1999. Its main activity is: Development of building projects. Its registered office is in Hasselt. It employs on average 17,8 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0467.983.824

Incorporation

06/12/1999

Legal form

Public limited company

Registered office

Kempische steenweg 293 box 16
3500 Hasselt · FlandreSee on map

Contributed capital

35 573 020,89 €

Latest accounts

31/12/2025

Average workforce

17,8 ETP

Activities (NACE)

41102Development of building projects· main 68122Buying and selling of own real estate 68203Rental and operating of own or leased real estate 68203Rental and operating of own or leased real estate 70113Activities of head offices 41102Development of building projects+5

Joint committees (2)

Signals

ProfitableSolid equityPositive cashflowPositive EBITDAHealthy social debtsHigh revenue

View the BCE/KBO Public Search record →

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2012		2011		2010		2009		2008		2007		2006
Income statement
Revenue	18,2 M €	+4.8%	17,4 M €	+4.9%	16,5 M €	+6.2%	15,6 M €	+22.3%	12,7 M €	+1.8%	12,5 M €	+2.6%	12,2 M €	+19.9%	10,2 M €	+13.9%	8,9 M €	+13.7%	7,9 M €	+25.3%	6,3 M €	+31.1%	4,8 M €	+14.7%	4,2 M €	+7.9%	3,9 M €	+2.2%	3,8 M €	-3.2%	3,9 M €		–		–		–
EBITDA	9,5 M €	-0.5%	9,5 M €	+3.2%	9,2 M €	+23.0%	7,5 M €	+2.8%	7,3 M €	-0.9%	7,4 M €	+5.8%	7 M €	+27.8%	5,5 M €	+16.7%	4,7 M €	+16.0%	4 M €	+31.7%	3,1 M €	+28.3%	2,4 M €	+1.7%	2,3 M €	+6.6%	2,2 M €	-7.9%	2,4 M €	+5.5%	2,3 M €	+6.6%	2,1 M €	+33.2%	1,6 M €	+24.0%	1,3 M €
Operating result	4,7 M €	+10.4%	4,2 M €	-0.5%	4,3 M €	+92.3%	2,2 M €	+15.0%	1,9 M €	+16.1%	1,7 M €	+2.6%	1,6 M €	+34.5%	1,2 M €	+26.4%	949,8 k €	+52.7%	621,9 k €	+686%	-106,2 k €	-131%	347,9 k €	-51.4%	716,2 k €	+15.9%	618 k €	-16.2%	737,8 k €	+14.4%	644,9 k €	+11.2%	580,1 k €	+41.8%	409,1 k €	+241%	119,8 k €
Net result	2,1 M €	+60.1%	1,3 M €	+22.0%	1,1 M €	-5.5%	1,1 M €	+34.0%	849,2 k €	+50.3%	565,1 k €	-1.7%	574,9 k €	+57.9%	364,2 k €	+158%	141,2 k €	+119%	-737,3 k €	+63.1%	-2 M €	-272%	-536,9 k €	-266%	324,1 k €	+43.0%	226,7 k €	-44.5%	408,3 k €	+68.6%	242,2 k €	-0.9%	244,4 k €	+8.6%	225,1 k €	+187%	-257,6 k €
Balance sheet
Equity	41 M €	+3.4%	39,7 M €	+89.6%	20,9 M €	+40.8%	14,9 M €	+7.7%	13,8 M €	+6.0%	13 M €	+3.4%	12,6 M €	+3.5%	12,2 M €	+75.2%	6,9 M €	-0.0%	6,9 M €	-11.3%	7,8 M €	+57.6%	5 M €	-2.1%	5,1 M €	+5.1%	4,8 M €	-37.5%	7,7 M €	+3.8%	7,4 M €	+1.6%	7,3 M €	+45.4%	5 M €	+10.3%	4,6 M €
Total assets	102,8 M €	-4.2%	107,3 M €	-3.6%	111,3 M €	+2.2%	108,9 M €	-1.9%	111 M €	-4.0%	115,7 M €	-1.8%	117,9 M €	+2.1%	115,4 M €	+32.3%	87,2 M €	+36.7%	63,8 M €	+5.8%	60,3 M €	+6.3%	56,7 M €	+142%	23,4 M €	+5.8%	22,2 M €	-2.7%	22,8 M €	-6.0%	24,2 M €	-0.1%	24,2 M €	+29.9%	18,7 M €	-9.0%	20,5 M €
Cash	777 k €	-64.2%	2,2 M €	-9.9%	2,4 M €	+48.5%	1,6 M €	-52.2%	3,4 M €	-4.0%	3,5 M €	+594%	509,4 k €	-36.9%	806,7 k €	+132%	348,4 k €	-70.1%	1,2 M €	+14.5%	1 M €	+64.6%	619,3 k €	+439%	114,8 k €	-93.9%	1,9 M €	-9.9%	2,1 M €	-9.3%	2,3 M €	+112%	1,1 M €	+1241%	81,1 k €	-89.1%	746,9 k €
Debts	61,2 M €	-8.7%	67 M €	-24.4%	88,7 M €	-5.0%	93,4 M €	-3.3%	96,6 M €	-5.2%	102 M €	-2.4%	104,4 M €	+1.8%	102,6 M €	+29.4%	79,3 M €	+43.9%	55,1 M €	+6.9%	51,5 M €	+2.0%	50,6 M €	+185%	17,7 M €	+6.5%	16,6 M €	+16.7%	14,3 M €	-10.3%	15,9 M €	-0.5%	16 M €	+26.4%	12,6 M €	-10.6%	14,1 M €
Other
Workforce	17,8 ETP	+1.1%	17,6 ETP	+2.3%	17,2 ETP	+8.9%	15,8 ETP	+5.3%	15,0 ETP	+10.3%	13,6 ETP	+9.7%	12,4 ETP	+14.8%	10,8 ETP	+9.1%	9,9 ETP	-6.6%	10,6 ETP	+1.0%	10,5 ETP	+22.1%	8,6 ETP	+26.5%	6,8 ETP	+88.9%	3,6 ETP	+20.0%	3,0 ETP	0.0%	3,0 ETP	+200%	1,0 ETP	0.0%	1,0 ETP		–

Estimate

Indicative valuation

As an indication, this company is worth

between 10 M€ and 25 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 8 active · 120 ended

Active mandates

Provinciale Ontwikkelingsmaatschappij Limburg

Director · since 08 octobre 2025 · until 17 mai 2027 · 0881.704.066

Represented by Tom Vandeput

Active

Mark Maesen

Director · since 01 janvier 2024 · until 17 mai 2027

Active

Kristof Schiepers

Director · since 13 novembre 2023 · until 17 mai 2027

Active

Karlien De Turck

Director · since 01 mars 2022 · until 17 mai 2027

Active

Frieda Brepoels

Director · since 17 mai 2021 · until 17 mai 2027

Active

LIMBURGSE RECONVERSIE MAATSCHAPPIJ

Managing director · since 17 mai 2021 · until 17 mai 2027 · 0452.138.972

Represented by TOM VANHAM

Active

Steven Vandeput

Director · since 17 mai 2021 · until 17 mai 2027

Active

Tom Vandeput

Director · since 17 mai 2021 · until 08 octobre 2025

Active

Ended mandates

Hilde Essers

Director · since 01 mars 2022 · until 21 mai 2024

Ended

Hilde Essers

Director · since 01 mars 2022 · until 17 mai 2027

Ended

Georges Lenssen

Director · since 17 mai 2021 · until 30 juin 2023

Ended

Georges Lenssen

Director · since 17 mai 2021 · until 17 mai 2027

Ended

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Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Full model	Full model	Full model	Full model	Full model	Full model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	17/06/2026	10/06/2025	03/06/2024	05/06/2023	07/06/2022	14/06/2021
General meeting	18/05/2026	19/05/2025	21/05/2024	15/05/2023	16/05/2022	17/05/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

20 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Full model	31/12/2025	18/05/2026	17/06/2026	Dutch	PDF
Full model	31/12/2024	19/05/2025	10/06/2025	Dutch	PDF
Full model	31/12/2023	21/05/2024	03/06/2024	Dutch	PDF
Full model	31/12/2022	15/05/2023	05/06/2023	Dutch	PDF
Full model	31/12/2021	16/05/2022	07/06/2022	Dutch	PDF
Full model	31/12/2020	17/05/2021	14/06/2021	Dutch	PDF
Full model	31/12/2019	18/05/2020	16/06/2020	Dutch	PDF
Full model	31/12/2018	20/05/2019	07/06/2019	Dutch	PDF
Full model	31/12/2017	22/05/2018	08/06/2018	Dutch	PDF
Full model	31/12/2016	15/05/2017	07/06/2017	Dutch	PDF
Full model	31/12/2015	17/05/2016	02/06/2016	Dutch	PDF
Full model	31/12/2014	18/05/2015	09/06/2015	Dutch	PDF
Full model	31/12/2013	02/06/2014	25/06/2014	Dutch	PDF
Full model	31/12/2012	21/05/2013	18/06/2013	Dutch	PDF
Full model	31/12/2011	21/05/2012	15/06/2012	Dutch	PDF
Full model	31/12/2010	21/06/2011	05/07/2011	Dutch	PDF
Full model	31/12/2009	25/05/2010	04/08/2010	Dutch	PDF
Abridged model	31/12/2008	21/04/2009	13/08/2009	Dutch	PDF
Abridged model	31/12/2007	17/06/2008	30/06/2008	Dutch	PDF
Abridged model	31/12/2006	25/04/2007	02/07/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 10 M€ and 25 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 8 active · 120 ended

Active mandates

Provinciale Ontwikkelingsmaatschappij Limburg

Director · since 08 octobre 2025 · until 17 mai 2027 · 0881.704.066

Represented by Tom Vandeput

Active

Mark Maesen

Director · since 01 janvier 2024 · until 17 mai 2027

Active

Kristof Schiepers

Director · since 13 novembre 2023 · until 17 mai 2027

Active

Karlien De Turck

Director · since 01 mars 2022 · until 17 mai 2027

Active

Frieda Brepoels

Director · since 17 mai 2021 · until 17 mai 2027

Active

LIMBURGSE RECONVERSIE MAATSCHAPPIJ

Managing director · since 17 mai 2021 · until 17 mai 2027 · 0452.138.972

Represented by TOM VANHAM

Active

Steven Vandeput

Director · since 17 mai 2021 · until 17 mai 2027

Active

Tom Vandeput

Director · since 17 mai 2021 · until 08 octobre 2025

Active

Ended mandates

Hilde Essers

Director · since 01 mars 2022 · until 21 mai 2024

Ended

Hilde Essers

Director · since 01 mars 2022 · until 17 mai 2027

Ended

Georges Lenssen

Director · since 17 mai 2021 · until 30 juin 2023

Ended

Georges Lenssen

Director · since 17 mai 2021 · until 17 mai 2027

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Capital / shares19/08/2026
WIJZGING VOORWERP — KAPITAALVERMINDERING -
PDF
Mandates26/06/2026
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring07/11/2025
KAPITAAL - AANDELEN - RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Restructuring25/08/2025
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates28/01/2025
ONTSLAGEN - BENOEMINGEN
PDF
Mandates17/06/2024
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares29/05/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN
PDF
Mandates12/01/2024
ONTSLAGEN - BENOEMINGEN
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 20252,1 M €↑
08/10/2025
nominationPOM Limburg — gecoöpteerd bestuurder
01/01/2025
split
01/01/2025
augmentation_capital
2024
Annual accounts 20241,3 M €↑
21/05/2024
reconductionEY Bedrijfsrevisoren — commissaris
17/04/2024
augmentation_capital
01/01/2024
nominationMark Maesen — bestuurder
2023
Annual accounts 20231,1 M €↓
13/11/2023
nominationKristof Schiepers — bestuurder
2022
Annual accounts 20221,1 M €↑
01/03/2022
nominationKarlien De Turck — bestuurder
01/03/2022
nominationHilde Essers — bestuurder
01/03/2022
nominationTom Vanham — vaste vertegenwoordiger
2021
Annual accounts 2021849,2 k €↑
17/05/2021
reconductionLRM NV — gedelegeerd bestuurder
2020
Annual accounts 2020565,1 k €↓
2019
Annual accounts 2019574,9 k €↑
2018
Annual accounts 2018364,2 k €↑
2017
Annual accounts 2017141,2 k €↑
2016
Annual accounts 2016-737,3 k €↑
2015
Annual accounts 2015-2 M €↓
2014
Annual accounts 2014-536,9 k €↓
2014
Name changeCorda Campus NV
2012
Annual accounts 2012324,1 k €↑
2011
Annual accounts 2011226,7 k €↓
2010
Annual accounts 2010408,3 k €↑
2009
Annual accounts 2009242,2 k €↓
2008
Annual accounts 2008244,4 k €↑
2007
Annual accounts 2007225,1 k €↑
2006
Annual accounts 2006-257,6 k €
2006
Name changeRESEARCH CAMPUS HASSELT
06/12/1999
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

Corda Campus

Overview

What does Corda Campus do?

Trend over 19 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline