ACTIVE

STUDIUM

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Financial year 2025 · closed on 31/12/2025

Net result

-507,6 k €

-109.8% YoY

Gross margin

-67,2 k €

-102.0% YoY

Equity

37,9 M €

-1.3% YoY

What does STUDIUM do?

STUDIUM is a Public limited company incorporated in 1982. Its registered office is in Knokke-Heist.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0422.656.615

Incorporation

07/04/1982

Legal form

Public limited company

Registered office

Roodborstjeslaan 18
8300 Knokke-Heist · FlandreSee on map

Contributed capital

146 257,18 €

Latest accounts

31/12/2025

Joint committees (4)

Signals

Solid equityLow riskGood liquidityHealthy social debts

View the BCE/KBO Public Search record →

Health score

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✦ Verdict · Analyst summary

Financials

Trend over 20 financial years

	2025		2024		2023		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007
Income statement
Gross margin	-67,2 k €	-102%	3,4 M €	+42746%	8 k €	+110%	-79,4 k €	-237%	58,1 k €	+80.4%	32,2 k €	+125%	-130,9 k €	-11.2%	-117,7 k €	-461%	32,6 k €		–		–		-125 k €	-164%	194,2 k €	+57.5%	123,3 k €	+146%	50 k €	-58.8%	121,5 k €	-15.0%	142,9 k €	+136%	60,7 k €	+94.9%	31,1 k €	+228%	-24,4 k €
EBITDA	-121,3 k €	-104%	3,4 M €	+5567%	-61,6 k €	+52.7%	-130,3 k €	-2145%	-5,8 k €	+71.6%	-20,4 k €	+88.9%	-184,7 k €	+45.6%	-339,2 k €	-564%	-51,1 k €	-116%	327,4 k €	+172%	120,2 k €	+165%	-184,7 k €	-235%	136,6 k €	+146%	55,5 k €	+1169%	-5,2 k €	-106%	82,5 k €	-23.3%	107,5 k €	+311%	26,1 k €	+169%	-37,9 k €	+49.6%	-75,1 k €
Operating result	-441,8 k €	-120%	2,2 M €	+449%	-619,8 k €	-25.1%	-495,4 k €	-35.8%	-364,9 k €	+0.3%	-366 k €	+31.8%	-536,5 k €	+18.7%	-660,3 k €	-92.9%	-342,2 k €	-985%	38,7 k €	+114%	-278,5 k €	-9.7%	-254 k €	-477%	67,4 k €	+672%	-11,8 k €	+96.6%	-346,7 k €	-112711%	-307,4 €	-101%	41,9 k €	+198%	-42,7 k €	+69.3%	-139,1 k €	+21.8%	-178 k €
Net result	-507,6 k €	-110%	5,2 M €	+1562%	-352,5 k €	-152%	-139,9 k €	-38.7%	-100,9 k €	+52.4%	-211,9 k €	+53.9%	-459,6 k €	+50.1%	-920,7 k €	-108%	11,2 M €	+74941%	15 k €	+103%	-464,4 k €	-123%	2 M €	+520%	328,7 k €	-56.3%	751,9 k €	+1337%	-60,8 k €	-110%	585,9 k €	+9.4%	535,4 k €	+0.9%	530,4 k €	+128%	232,3 k €	+1306%	-19,3 k €
Balance sheet
Equity	37,9 M €	-1.3%	38,4 M €	+149%	15,4 M €	-2.2%	15,8 M €	-0.9%	15,9 M €	-0.6%	16 M €	-1.3%	16,2 M €	-2.8%	16,7 M €	-5.2%	17,6 M €	+176%	6,4 M €	+0.2%	6,4 M €	-6.8%	6,8 M €	+42.4%	4,8 M €	+7.4%	4,5 M €	+20.2%	3,7 M €	-1.6%	3,8 M €	+18.3%	3,2 M €	+20.1%	2,7 M €	+24.9%	2,1 M €	+12.3%	1,9 M €
Total assets	39,9 M €	-1.5%	40,6 M €	+53.6%	26,4 M €	+45.4%	18,2 M €	-0.9%	18,3 M €	-0.5%	18,4 M €	-4.0%	19,2 M €	-18.0%	23,4 M €	-4.9%	24,6 M €	+77.8%	13,8 M €	+0.7%	13,7 M €	+10.9%	12,4 M €	+38.7%	8,9 M €	+8.1%	8,3 M €	+4.1%	7,9 M €	+59.1%	5 M €	+39.9%	3,6 M €	+14.4%	3,1 M €	+15.5%	2,7 M €	+4.8%	2,6 M €
Cash	57,5 k €	-51.9%	119,5 k €	-67.6%	369,5 k €	+59.1%	232,3 k €	-45.3%	425 k €	+116%	197,1 k €	-80.7%	1 M €	-81.6%	5,6 M €	-31.6%	8,1 M €	+89678%	9,1 k €	+396%	1,8 k €	-99.7%	625,2 k €	+161%	239,3 k €	-70.1%	801,2 k €	+169%	298,1 k €	+3.8%	287,2 k €	+109%	137,3 k €	+172%	50,6 k €	-78.1%	230,5 k €	+73.5%	132,9 k €
Debts	1,8 M €	-2.1%	1,9 M €	-82.7%	10,7 M €	+413%	2,1 M €	+0.5%	2,1 M €	-6.4%	2,2 M €	-15.9%	2,6 M €	-58.2%	6,3 M €	-4.9%	6,6 M €	-8.9%	7,3 M €	+1.2%	7,2 M €	+35.2%	5,3 M €	+34.8%	3,9 M €	+8.7%	3,6 M €	-14.2%	4,2 M €	+248%	1,2 M €	+224%	373,8 k €	-19.0%	461,7 k €	-19.4%	573 k €	-15.4%	677,2 k €
Other
Workforce	–		–		–		0,6 ETP	-50.0%	1,2 ETP		–		–		2,0 ETP	+11.1%	1,8 ETP	0.0%	1,8 ETP	-18.2%	2,2 ETP	+100%	1,1 ETP	+10.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	-50.0%	2,0 ETP	+53.8%	1,3 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 5 M€ and 10 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 4 active · 12 ended

Active mandates

Philippe Van Kerckhove

Director · since 10 octobre 2023

Active

RAAR

Director · since 16 mai 2014 · 0544.339.947

Represented by Stéphanie VAN KERCKHOVE

Active

Anne VAN DEN BOSCH

Director · since 18 mai 2012

Active

Peter VAN KERCKHOVE

Managing director

Active

Ended mandates

RAAR

Director · since 16 mai 2014 · 0544.339.947

Represented by Stéphanie VAN KERCKHOVE

Ended

Anne Claire Van Den Bosch

Director

Ended

Anne Van Den Bosch

Director

Ended

Anne VAN DEN BOSCH

Director · until 01 mai 2024

Ended

At this address

Other companies at this address

Company	CBE no.
NOMEN● Active	0449.105.644
Pelucio● Active	0735.725.895

Annual accounts

Full financial information

	2025	2024	2023	2023	2022	2021
Type of account	Micro model	Micro model	Micro model	Abridged model	Abridged model	Micro model
Start of the financial year	01/01/2025	01/01/2024	01/03/2023	01/03/2022	01/03/2021	01/03/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	28/02/2023	28/02/2022	28/02/2021
Length of the financial year	12 months	12 months	10 months	12 months	12 months	12 months
Filing date	30/06/2026	15/07/2025	30/07/2024	10/07/2023	17/06/2022	08/10/2021
General meeting	26/06/2026	27/06/2025	28/06/2024	15/06/2023	20/05/2022	30/06/2021
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
Micro model	31/12/2025	26/06/2026	30/06/2026	Dutch	PDF
Micro model	31/12/2024	27/06/2025	15/07/2025	Dutch	PDF
Micro model	31/12/2023	28/06/2024	30/07/2024	Dutch	PDF
Abridged model	28/02/2023	15/06/2023	10/07/2023	Dutch	PDF
Abridged model	28/02/2022	20/05/2022	17/06/2022	Dutch	PDF
Micro model	28/02/2021	30/06/2021	08/10/2021	Dutch	PDF
Micro model	29/02/2020	22/06/2020	10/09/2020	Dutch	PDF
Abridged model	28/02/2019	31/07/2019	30/08/2019	Dutch	PDF
Abridged model	28/02/2018	18/05/2018	25/09/2018	Dutch	PDF
Full model	28/02/2017	19/05/2017	28/09/2017	Dutch	PDF
Full model	29/02/2016	20/05/2016	30/09/2016	Dutch	PDF
Abridged model	28/02/2015	15/05/2015	18/08/2015	Dutch	PDF
Abridged model	28/02/2014	16/05/2014	30/09/2014	Dutch	PDF
Abridged model	28/02/2013	17/05/2013	27/09/2013	Dutch	PDF
Abridged model	29/02/2012	18/05/2012	27/09/2012	Dutch	PDF
Abridged model	28/02/2011	20/05/2011	14/07/2011	Dutch	PDF
Abridged model	28/02/2010	21/05/2010	30/08/2010	Dutch	PDF
Abridged model	28/02/2009	15/05/2009	27/08/2009	Dutch	PDF
Abridged model	29/02/2008	16/05/2008	23/10/2008	Dutch	PDF
Abridged model	28/02/2007	18/05/2007	25/10/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 5 M€ and 10 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 · 4 active · 12 ended

Active mandates

Philippe Van Kerckhove

Director · since 10 octobre 2023

Active

RAAR

Director · since 16 mai 2014 · 0544.339.947

Represented by Stéphanie VAN KERCKHOVE

Active

Anne VAN DEN BOSCH

Director · since 18 mai 2012

Active

Peter VAN KERCKHOVE

Managing director

Active

Ended mandates

RAAR

Director · since 16 mai 2014 · 0544.339.947

Represented by Stéphanie VAN KERCKHOVE

Ended

Anne Claire Van Den Bosch

Director

Ended

Anne Van Den Bosch

Director

Ended

Anne VAN DEN BOSCH

Director · until 01 mai 2024

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates22/08/2024
ONTSLAGEN - BENOEMINGEN
PDF
Mandates16/10/2023
ONTSLAGEN - BENOEMINGEN - ALGEMENE VERGADERING - BOEKJAAR
PDF
Mandates06/11/2018
ONTSLAGEN - BENOEMINGEN
PDF
Registered office29/12/2017
MAATSCHAPPELIJKE ZETEL
PDF
Mandates06/01/2015
ONTSLAGEN - BENOEMINGEN
PDF
Mandates04/09/2012
ONTSLAGEN - BENOEMINGEN
PDF
Mandates13/07/2006
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares13/07/2005
BENAMING - KAPITAAL - AANDELEN - DOEL - ALGEMENE VERGADERING - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, )
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 2025-507,6 k €↓
2024
Annual accounts 20245,2 M €↑
2023
Annual accounts 2023-352,5 k €↓
2023
Annual accounts 2023-139,9 k €↓
2022
Annual accounts 2022-100,9 k €↑
2021
Annual accounts 2021-211,9 k €↑
2020
Annual accounts 2020-459,6 k €↑
2019
Annual accounts 2019-920,7 k €↓
2018
Annual accounts 201811,2 M €↑
2017
Annual accounts 201715 k €↑
2016
Annual accounts 2016-464,4 k €↓
2015
Annual accounts 20152 M €↑
2014
Annual accounts 2014328,7 k €↓
2013
Annual accounts 2013751,9 k €↑
2012
Annual accounts 2012-60,8 k €↓
2011
Annual accounts 2011585,9 k €↑
2010
Annual accounts 2010535,4 k €↑
2009
Annual accounts 2009530,4 k €↑
2008
Annual accounts 2008232,3 k €↑
2007
Annual accounts 2007-19,3 k €
07/04/1982
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

STUDIUM

Overview

What does STUDIUM do?

Trend over 20 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