ACTIVE

Studio Vandersteen

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Financial year 2025 · closed on 31/12/2025

Net result

162,3 k €

+105.9% YoY

Gross margin

393,3 k €

+2.4% YoY

Equity

831,1 k €

-24.2% YoY

What does Studio Vandersteen do?

Studio Vandersteen is a Public limited company incorporated in 1991. Its main activity is: Support activities to performing arts. Its registered office is in Kalmthout.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0444.963.546

Incorporation

26/08/1991

Legal form

Public limited company

Registered office

Beauvoislaan (Heide) 98
2920 Kalmthout · FlandreSee on map

Contributed capital

62 000,00 €

Latest accounts

31/12/2025

Activities (NACE)

90023Support activities to performing arts· main 90393Creative, arts and entertainment activities 92313Gambling and betting activities

Joint committees (1)

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	393,3 k €	+2.4%	383,9 k €	+9.1%	351,8 k €	-0.7%	354,2 k €	-26.2%	479,7 k €	+2.6%	467,5 k €	-43.5%	826,6 k €	+279%	217,8 k €	-68.2%	686 k €	+15.7%	592,9 k €	+0.6%	589,2 k €	+270%	159,3 k €	-56.8%	368,6 k €	+35.7%	271,5 k €	-19.4%	336,9 k €	-43.8%	599,1 k €	+1.6%	589,9 k €	+45.4%	405,7 k €	-24.1%	534,4 k €	+4.0%	514 k €
EBITDA	391,7 k €	+35.8%	288,5 k €	+9.4%	263,7 k €	-5.6%	279,5 k €	-40.8%	472,1 k €	+1.2%	466,5 k €	-43.5%	825,7 k €	+281%	216,9 k €	-68.3%	685,1 k €	+15.7%	592 k €	+0.6%	588,2 k €	+272%	158,3 k €	-56.9%	367,6 k €	+36.0%	270,4 k €	-19.5%	335,8 k €	-43.9%	598,2 k €	+1.6%	588,6 k €	+45.5%	404,6 k €	-24.1%	533,4 k €	+4.0%	512,9 k €
Operating result	251,6 k €	+88.0%	133,9 k €	+36.0%	98,4 k €	-0.9%	99,4 k €	-65.6%	288,9 k €	+5.3%	274,5 k €	-54.5%	603,7 k €	+6048%	-10,2 k €	-102%	430,4 k €	+36.0%	316,4 k €	+8.9%	290,5 k €	+275%	-166,2 k €	-217%	-52,5 k €	+58.7%	-127,1 k €	-36.6%	-93,1 k €	-161%	152 k €	+7.8%	141 k €	+446%	-40,8 k €	-136%	112,8 k €	-6.3%	120,4 k €
Net result	162,3 k €	+106%	78,8 k €	+32.5%	59,5 k €	+4.3%	57 k €	-69.4%	186,4 k €	+0.9%	184,8 k €	-51.3%	379,3 k €	+1419%	-28,8 k €	-108%	356,3 k €	+22.2%	291,6 k €	+8.7%	268,2 k €	+236%	-197,1 k €	-129%	-86 k €	+49.7%	-170,8 k €	-13.8%	-150,1 k €	-271%	87,9 k €	+31.1%	67 k €	+151%	-131,9 k €	-569%	28,1 k €	-19.8%	35,1 k €
Balance sheet
Equity	831,1 k €	-24.2%	1,1 M €	-21.5%	1,4 M €	+4.5%	1,3 M €	-18.0%	1,6 M €	+12.9%	1,4 M €	-2.0%	1,5 M €	+34.7%	1,1 M €	-37.6%	1,8 M €	+25.5%	1,4 M €	+26.4%	1,1 M €	+32.1%	836,5 k €	+107%	403,6 k €	-66.1%	1,2 M €	-12.6%	1,4 M €	-9.9%	1,5 M €	+6.2%	1,4 M €	+4.9%	1,4 M €	-8.9%	1,5 M €	+1.9%	1,5 M €
Total assets	1,7 M €	-4.2%	1,8 M €	+1.7%	1,8 M €	-6.2%	1,9 M €	-9.3%	2,1 M €	+1.7%	2,1 M €	+4.9%	2 M €	+18.9%	1,7 M €	-30.1%	2,4 M €	+17.3%	2 M €	+17.6%	1,7 M €	-1.3%	1,7 M €	-7.4%	1,9 M €	-13.0%	2,2 M €	-12.1%	2,4 M €	-11.1%	2,8 M €	+0.6%	2,7 M €	+0.3%	2,7 M €	-10.5%	3,1 M €	-1.7%	3,1 M €
Cash	300,5 k €	-20.2%	376,5 k €	-59.6%	931,7 k €	+8.5%	858,5 k €	+6.9%	802,9 k €	-17.2%	970,1 k €	+606%	137,4 k €	-36.3%	215,8 k €	-77.6%	962,2 k €	+30.3%	738,3 k €	+78.9%	412,7 k €	+175%	149,9 k €	-51.6%	309,9 k €	-8.4%	338,1 k €	-19.6%	420,5 k €	-15.0%	494,6 k €	-3.0%	509,8 k €	+12.8%	452 k €	-3.5%	468,3 k €	+3.1%	454,1 k €
Debts	888 k €	+26.9%	699,5 k €	+87.1%	373,8 k €	-32.4%	552,6 k €	+21.5%	454,7 k €	-24.9%	605,9 k €	+26.2%	479,9 k €	-11.0%	539 k €	-8.1%	586,4 k €	-4.4%	613,3 k €	+6.2%	577,4 k €	-33.3%	865,3 k €	-39.4%	1,4 M €	+52.1%	939,4 k €	-12.8%	1,1 M €	-8.3%	1,2 M €	-5.0%	1,2 M €	-3.1%	1,3 M €	-13.3%	1,5 M €	-4.9%	1,5 M €
Other
Workforce	–		1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP	0.0%	1,0 ETP		–		–		–		–		–		–		–		–		–		–		–		–		–		–		–

Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 5 active · 9 ended

Active mandates

Tom Willequet

Director · since 03 juillet 2025

Active

Christiane Vandersteen

Director · since 28 février 2023

Active

MYTHRAS BOOKS

Managing director · since 28 février 2023 · 0731.673.374

Represented by Eric Willems

Active

Rita Dupont

Director · since 28 février 2023

Active

Vito Vandersteen

Director · since 28 février 2023

Active

Ended mandates

Helena Vandersteen

Director · since 28 février 2023 · until 22 février 2025

Ended

Helena Vandersteen

Director · since 28 février 2023

Ended

MYTHRAS BOOKS

Director · since 28 février 2023 · 0731.673.374

Represented by Eric Willems

Ended

MYTHRAS BOOKS

Managing director · since 28 février 2023 · 0731.673.374

Represented by Eric Willems

Ended

At this address

Other companies at this address

Company	CBE no.
AMORAS● Active	0436.998.757
Suske en Wiske Museum● Active	1038.582.364

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged 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	24/06/2026	29/08/2025	04/07/2024	18/06/2023	03/07/2022	29/06/2021
General meeting	02/06/2026	11/06/2025	25/06/2024	16/06/2023	16/06/2022	10/06/2021
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
Abridged model	31/12/2025	02/06/2026	24/06/2026	Dutch	PDF
Abridged model	31/12/2024	11/06/2025	29/08/2025	Dutch	PDF
Abridged model	31/12/2023	25/06/2024	04/07/2024	Dutch	PDF
Abridged model	31/12/2022	16/06/2023	18/06/2023	Dutch	PDF
Abridged model	31/12/2021	16/06/2022	03/07/2022	Dutch	PDF
Abridged model	31/12/2020	10/06/2021	29/06/2021	Dutch	PDF
Abridged model	31/12/2019	05/08/2020	07/09/2020	Dutch	PDF
Abridged model	31/12/2018	04/06/2019	14/06/2019	Dutch	PDF
Abridged model	31/12/2017	12/06/2018	18/06/2018	Dutch	PDF
Abridged model	31/12/2016	30/05/2017	30/05/2017	Dutch	PDF
Abridged model	31/12/2015	06/06/2016	06/07/2016	Dutch	PDF
Abridged model	31/12/2014	27/05/2015	26/06/2015	Dutch	PDF
Abridged model	31/12/2013	28/05/2014	03/06/2014	Dutch	PDF
Abridged model	31/12/2012	04/06/2013	07/06/2013	Dutch	PDF
Abridged model	31/12/2011	04/06/2012	18/06/2012	Dutch	PDF
Abridged model	31/12/2010	08/06/2011	10/06/2011	Dutch	PDF
Abridged model	31/12/2009	26/05/2010	01/06/2010	Dutch	PDF
Abridged model	31/12/2008	09/06/2009	10/06/2009	Dutch	PDF
Abridged model	31/12/2007	27/05/2008	02/06/2008	Dutch	PDF
Abridged model	31/12/2006	25/05/2007	31/08/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 5 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 · 5 active · 9 ended

Active mandates

Tom Willequet

Director · since 03 juillet 2025

Active

Christiane Vandersteen

Director · since 28 février 2023

Active

MYTHRAS BOOKS

Managing director · since 28 février 2023 · 0731.673.374

Represented by Eric Willems

Active

Rita Dupont

Director · since 28 février 2023

Active

Vito Vandersteen

Director · since 28 février 2023

Active

Ended mandates

Helena Vandersteen

Director · since 28 février 2023 · until 22 février 2025

Ended

Helena Vandersteen

Director · since 28 février 2023

Ended

MYTHRAS BOOKS

Director · since 28 février 2023 · 0731.673.374

Represented by Eric Willems

Ended

MYTHRAS BOOKS

Managing director · since 28 février 2023 · 0731.673.374

Represented by Eric Willems

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates04/08/2025
ONTSLAGEN - BENOEMINGEN
PDF
Registered office11/04/2025
MAATSCHAPPELIJKE ZETEL
PDF
Mandates13/03/2023
WIJZIGING RECHTSVORM - BENAMING - KAPITAAL - AANDELEN - ONTSLAGEN - BENOEMINGEN
PDF
Mandates02/09/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates18/10/2019
ONTSLAGEN - BENOEMINGEN
PDF
Other22/10/2018
DOEL
PDF
Registered office26/07/2018
MAATSCHAPPELIJKE ZETEL
PDF
Capital / shares19/04/2018
KAPITAAL - AANDELEN - 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 2025162,3 k €↑
2024
Annual accounts 202478,8 k €↑
2023
Annual accounts 202359,5 k €↑
2022
Annual accounts 202257 k €↓
2022
Name changeSTUDIO VANDERSTEEN
2021
Annual accounts 2021186,4 k €↑
2021
Name changeAMORAS II
2020
Annual accounts 2020184,8 k €↓
2019
Annual accounts 2019379,3 k €↑
2018
Annual accounts 2018-28,8 k €↓
2017
Annual accounts 2017356,3 k €↑
2016
Annual accounts 2016291,6 k €↑
2015
Annual accounts 2015268,2 k €↑
2014
Annual accounts 2014-197,1 k €↓
2013
Annual accounts 2013-86 k €↑
2012
Annual accounts 2012-170,8 k €↓
2011
Annual accounts 2011-150,1 k €↓
2010
Annual accounts 201087,9 k €↑
2009
Annual accounts 200967 k €↑
2008
Annual accounts 2008-131,9 k €↓
2007
Annual accounts 200728,1 k €↓
2006
Annual accounts 200635,1 k €
26/08/1991
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

Studio Vandersteen

Overview

What does Studio Vandersteen 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