ACTIVE

STUDIO C

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Financial year 2025 · closed on 31/03/2025

Net result

47,7 k €

+22.5% YoY

Gross margin

59,5 k €

+1.2% YoY

Equity

380,5 k €

+6.0% YoY

What does STUDIO C do?

STUDIO C is a Public limited company incorporated in 1993. Its main activity is: Wholesale of pharmaceutical goods. Its registered office is in Gavere.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0450.710.203

Incorporation

12/08/1993

Legal form

Public limited company

Registered office

Stationsstraat 215
9890 Gavere · FlandreSee on map

Contributed capital

62 000,00 €

Latest accounts

31/03/2025

Activities (NACE)

46460Wholesale of pharmaceutical goods· main 46460Wholesale of pharmaceutical goods 51460Air transport

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 17 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009
Income statement
Gross margin	59,5 k €	+1.2%	58,8 k €	+8.9%	54 k €	+4.5%	51,7 k €	+2.3%	50,6 k €	+0.3%	50,4 k €	+2.0%	49,4 k €	+1.6%	48,7 k €	+8.0%	45 k €	-60.2%	113,3 k €	-64.3%	317,2 k €	-4.4%	331,9 k €	+48.4%	223,7 k €	-31.5%	326,4 k €	+28.3%	254,4 k €	-45.7%	468,4 k €	-22.8%	606,9 k €
EBITDA	52,3 k €	+3.0%	50,8 k €	+9.4%	46,5 k €	+4.7%	44,4 k €	+2.6%	43,2 k €	-0.6%	43,5 k €	+2.0%	42,6 k €	+119%	19,4 k €	+23.5%	15,7 k €	-36.0%	24,6 k €	-77.2%	108 k €	-38.7%	176,2 k €	+563%	26,6 k €	-83.2%	158,7 k €	+31.5%	120,7 k €	-58.8%	293,3 k €	-26.2%	397,7 k €
Operating result	58,1 k €	+17.5%	49,4 k €	+9.7%	45,1 k €	+4.9%	43 k €	+0.2%	42,9 k €	+0.2%	42,8 k €	+2.1%	41,9 k €	+121%	19 k €	+49.6%	12,7 k €	-15.2%	15 k €	-81.2%	79,6 k €	-9.9%	88,4 k €	+3098%	2,8 k €	-97.4%	104,8 k €	+56.8%	66,9 k €	-73.5%	252,5 k €	-18.2%	308,6 k €
Net result	47,7 k €	+22.5%	38,9 k €	+23.4%	31,5 k €	+7.6%	29,3 k €	+0.3%	29,2 k €	+7.0%	27,3 k €	+3.7%	26,3 k €	+105%	12,9 k €	+39.2%	9,2 k €	+177%	3,3 k €	-92.6%	45,2 k €	-13.3%	52,1 k €	+633%	7,1 k €	-92.1%	89,7 k €	+35.9%	66 k €	-63.6%	181,4 k €	-20.0%	226,8 k €
Balance sheet
Equity	380,5 k €	+6.0%	358,8 k €	+12.2%	319,9 k €	+10.9%	288,4 k €	+11.3%	259,1 k €	+12.7%	229,9 k €	+13.5%	202,6 k €	+14.9%	176,3 k €	+7.9%	163,4 k €	+6.0%	154,2 k €	+2.2%	150,8 k €	-75.3%	611,8 k €	+9.3%	559,7 k €	-57.0%	1,3 M €	+7.4%	1,2 M €	+5.8%	1,1 M €	+18.8%	965,6 k €
Total assets	461,2 k €	+10.5%	417,5 k €	+10.0%	379,4 k €	+9.5%	346,6 k €	+8.5%	319,4 k €	+9.7%	291,3 k €	+9.5%	266 k €	+14.3%	232,7 k €	+19.6%	194,6 k €	+19.0%	163,5 k €	-85.1%	1,1 M €	+4.4%	1,1 M €	+3.6%	1 M €	-33.9%	1,5 M €	+6.5%	1,4 M €	+1.7%	1,4 M €	+10.4%	1,3 M €
Cash	321,4 k €	+2255%	13,6 k €	-94.2%	233,7 k €	-23.7%	306,1 k €	+8.6%	281,9 k €	+11.2%	253,6 k €	+11.4%	227,7 k €	+16.6%	195,3 k €	+36.6%	142,9 k €	+16.5%	122,6 k €	-78.5%	569,5 k €	+139%	238,2 k €	+23.8%	192,4 k €	-53.4%	412,9 k €	+204%	135,8 k €	-39.0%	222,4 k €	+48.3%	150 k €
Debts	32,7 k €	+521%	5,3 k €	-15.9%	6,3 k €	+5.4%	5,9 k €	-27.9%	8,2 k €	-12.4%	9,4 k €	-51.6%	19,4 k €	+56.9%	12,4 k €	+34.6%	9,2 k €	-1.8%	9,4 k €	-98.9%	841 k €	+145%	343,7 k €	-8.8%	376,7 k €	+131%	162,9 k €	-9.4%	179,9 k €	-15.9%	213,8 k €	-12.2%	243,6 k €
Other
Workforce	–		–		–		–		–		–		–		–		–		2,2 ETP	-63.9%	6,1 ETP	-9.0%	6,7 ETP	+15.5%	5,8 ETP	+20.8%	4,8 ETP	0.0%	4,8 ETP	-4.0%	5,0 ETP	-7.4%	5,4 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 500 k€ and 1 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/03/2025 · 1 active · 22 ended

Active mandates

Chantal De Wever

Managing director · since 04 septembre 2021 · until 04 septembre 2026

Active

Ended mandates

Lode Maes

Managing director · since 04 septembre 2021 · until 11 octobre 2023

Ended

Lode Maes

Managing director · since 04 septembre 2021 · until 04 septembre 2026

Ended

Chantal De Wever

Managing director · since 05 septembre 2020 · until 05 septembre 2026

Ended

Lode Maes

Managing director · since 05 septembre 2020 · until 05 septembre 2026

Ended

At this address

Other companies at this address

Company	CBE no.
DELMAC● Active	0823.356.685
Lumarco● Active	0432.810.337
PROPATH● Active	0459.772.872

Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Micro model	Micro model	Micro model	Micro model	Micro model	Micro model
Start of the financial year	01/04/2024	01/04/2023	01/04/2022	01/04/2021	01/04/2020	01/04/2019
Closing of the financial year	31/03/2025	31/03/2024	31/03/2023	31/03/2022	31/03/2021	31/03/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	30/10/2025	29/10/2024	31/10/2023	10/11/2022	03/11/2021	26/11/2020
General meeting	06/09/2025	07/09/2024	02/09/2023	03/09/2022	04/09/2021	05/09/2020
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	31/03/2025	06/09/2025	30/10/2025	Dutch	PDF
Micro model	31/03/2024	07/09/2024	29/10/2024	Dutch	PDF
Micro model	31/03/2023	02/09/2023	31/10/2023	Dutch	PDF
Micro model	31/03/2022	03/09/2022	10/11/2022	Dutch	PDF
Micro model	31/03/2021	04/09/2021	03/11/2021	Dutch	PDF
Micro model	31/03/2020	05/09/2020	26/11/2020	Dutch	PDF
Micro model	31/03/2019	07/09/2019	29/10/2019	Dutch	PDF
Abridged model	31/03/2018	01/09/2018	31/10/2018	Dutch	PDF
Abridged model	31/03/2017	02/09/2017	31/10/2017	Dutch	PDF
Abridged model	31/03/2016	03/09/2016	30/09/2016	Dutch	PDF
Abridged model	31/03/2015	05/09/2015	14/09/2015	Dutch	PDF
Abridged model	31/03/2014	06/09/2014	16/09/2014	Dutch	PDF
Abridged model	31/03/2013	07/09/2013	16/09/2013	Dutch	PDF
Abridged model	31/03/2012	01/09/2012	10/09/2012	Dutch	PDF
Abridged model	31/03/2011	03/09/2011	26/09/2011	Dutch	PDF
Abridged model	31/03/2010	04/09/2010	08/09/2010	Dutch	PDF
Abridged model	31/03/2009	05/09/2009	07/04/2010	Dutch	PDF
Abridged model	31/03/2008	06/09/2008	18/09/2008	Dutch	PDF
Abridged model	31/03/2007	01/09/2007	06/09/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 500 k€ and 1 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 31/03/2025 · 1 active · 22 ended

Active mandates

Chantal De Wever

Managing director · since 04 septembre 2021 · until 04 septembre 2026

Active

Ended mandates

Lode Maes

Managing director · since 04 septembre 2021 · until 11 octobre 2023

Ended

Lode Maes

Managing director · since 04 septembre 2021 · until 04 septembre 2026

Ended

Chantal De Wever

Managing director · since 05 septembre 2020 · until 05 septembre 2026

Ended

Lode Maes

Managing director · since 05 septembre 2020 · until 05 septembre 2026

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Mandates27/10/2023
BENAMING - ONTSLAGEN - BENOEMINGEN
PDF
Mandates14/03/2022
ONTSLAGEN - BENOEMINGEN
PDF
Mandates24/12/2015
ONTSLAGEN - BENOEMINGEN
PDF
Restructuring21/10/2015
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Registered office19/10/2015
BENAMING - MAATSCHAPPELIJKE ZETEL - KAPITAAL - AANDELEN
PDF
Restructuring04/09/2015
RUBRIEK HERSTRUCTURERING (FUSIE, SPLITSING, OVERDRACHT VERMOGEN, ENZ...)
PDF
Mandates20/12/2012
ONTSLAGEN - BENOEMINGEN
PDF
Mandates06/10/2009
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 202547,7 k €↑
2024
Annual accounts 202438,9 k €↑
2024
Name changeSTUDIO C
2023
Annual accounts 202331,5 k €↑
2022
Annual accounts 202229,3 k €↑
2022
Name changeDELMAC IMMO
2021
Annual accounts 202129,2 k €↑
2020
Annual accounts 202027,3 k €↑
2019
Annual accounts 201926,3 k €↑
2018
Annual accounts 201812,9 k €↑
2017
Annual accounts 20179,2 k €↑
2016
Annual accounts 20163,3 k €↓
2015
Annual accounts 201545,2 k €↓
2014
Annual accounts 201452,1 k €↑
2013
Annual accounts 20137,1 k €↓
2012
Annual accounts 201289,7 k €↑
2011
Annual accounts 201166 k €↓
2010
Annual accounts 2010181,4 k €↓
2009
Annual accounts 2009226,8 k €
12/08/1993
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 C

Overview

What does STUDIO C do?

Trend over 17 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