ACTIVE

STUDIO FASE

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Financial year 2025 · closed on 31/12/2025

Net result

28,8 k €

+60.9% YoY

Gross margin

55,6 k €

+71.6% YoY

Equity

121,8 k €

+29.8% YoY

What does STUDIO FASE do?

STUDIO FASE is a Private company with limited liability incorporated in 2000. Its main activity is: Photographic activities. Its registered office is in Balen.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0472.519.563

Incorporation

31/07/2000

Legal form

Private company with limited liability

Registered office

Olmensebaan 136
2490 Balen · FlandreSee on map

Contributed capital

18 600,00 €

Latest accounts

31/12/2025

Activities (NACE)

74201Photographic activities· main 74201Photographic activities 74811Other professional, scientific and technical activities 62090Other information technology and computer service activities 62900Computer programming, consultancy and related activities 72600Scientific research and development

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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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	55,6 k €	+71.6%	32,4 k €	-31.5%	47,3 k €	-22.0%	60,7 k €	+321%	14,4 k €	-40.6%	24,3 k €	-25.0%	32,3 k €	-16.2%	38,6 k €	+28.3%	30,1 k €	+47.7%	20,4 k €	+41.5%	14,4 k €	+113%	6,8 k €	+127%	3 k €	-77.2%	13,1 k €	-26.6%	17,8 k €	+23.6%	14,4 k €	+296%	3,6 k €	-75.5%	14,8 k €	-41.2%	25,2 k €	+3.6%	24,3 k €
EBITDA	55,4 k €	+71.9%	32,2 k €	-31.7%	47,2 k €	-21.9%	60,4 k €	+322%	14,3 k €	-41.0%	24,3 k €	-24.6%	32,2 k €	-16.4%	38,5 k €	+28.5%	29,9 k €	+47.0%	20,4 k €	+41.5%	14,4 k €	+113%	6,8 k €	+127%	3 k €	-77.2%	13,1 k €	-26.6%	17,8 k €	+23.6%	14,4 k €	+449%	2,6 k €	-82.2%	14,7 k €	-41.3%	25,1 k €	+3.2%	24,3 k €
Operating result	38,5 k €	+180%	13,8 k €	-56.1%	31,3 k €	-35.1%	48,3 k €	+905%	4,8 k €	-12.4%	5,5 k €	-59.4%	13,5 k €	-5.2%	14,2 k €	+48.4%	9,6 k €	+256%	2,7 k €	-69.4%	8,8 k €	+358%	-3,4 k €	+61.9%	-9 k €	-425%	2,8 k €	-57.0%	6,4 k €	+0.7%	6,4 k €	+228%	-5 k €	-1495%	356,9 €	-97.0%	12 k €	+62.5%	7,4 k €
Net result	28,8 k €	+60.9%	17,9 k €	+30.7%	13,7 k €	-63.9%	38 k €	+949%	3,6 k €	+13.5%	3,2 k €	-67.1%	9,7 k €	-13.3%	11,2 k €	+60.2%	7 k €	+1321%	492,1 €	-92.7%	6,7 k €	+211%	-6,1 k €	+49.5%	-12 k €	-1315%	-850,5 €	-130%	2,9 k €	-39.3%	4,7 k €	+166%	-7,1 k €	-166%	-2,7 k €	-129%	9,4 k €	+302%	2,3 k €
Balance sheet
Equity	121,8 k €	+29.8%	93,9 k €	+23.6%	76 k €	+20.4%	63,1 k €	+143%	25,9 k €	+12.2%	23,1 k €	+16.0%	19,9 k €	+94.9%	10,2 k €	+1152%	-972,2 €	+87.8%	-8 k €	+5.8%	-8,5 k €	+44.3%	-15,2 k €	-66.8%	-9,1 k €	-411%	2,9 k €	-22.5%	3,8 k €	+313%	916,5 €	+124%	-3,8 k €	-214%	3,3 k €	-44.6%	6 k €	+279%	-3,4 k €
Total assets	198,8 k €	+11.7%	178 k €	+30.2%	136,8 k €	+12.3%	121,8 k €	+84.6%	66 k €	-23.9%	86,7 k €	+15.4%	75,1 k €	-18.7%	92,4 k €	+22.7%	75,3 k €	-1.4%	76,4 k €	+59.4%	47,9 k €	+28.8%	37,2 k €	-13.4%	43 k €	-20.9%	54,3 k €	-4.4%	56,8 k €	+127%	25 k €	-29.7%	35,5 k €	-27.0%	48,7 k €	-10.9%	54,7 k €	+3.7%	52,8 k €
Cash	68 k €	+386%	14 k €	-52.9%	29,7 k €	+268%	8,1 k €	+953%	767 €		–		16,8 k €	-48.6%	32,6 k €		–		–		661,6 €	0.0%	661,6 €	0.0%	661,6 €	0.0%	661,6 €	0.0%	661,6 €	+19.4%	554,3 €	0.0%	554,3 €	0.0%	554,3 €	+7.8%	514 €	+376%	108 €
Debts	77 k €	-8.5%	84,2 k €	+38.4%	60,8 k €	+3.6%	58,7 k €	+46.6%	40 k €	-37.0%	63,6 k €	+15.2%	55,2 k €	-32.9%	82,2 k €	+7.8%	76,3 k €	-9.5%	84,3 k €	+49.6%	56,4 k €	+7.6%	52,4 k €	+0.6%	52,1 k €	+1.4%	51,4 k €	-3.1%	53 k €	+120%	24,1 k €	-38.9%	39,4 k €	-13.3%	45,4 k €	-6.8%	48,7 k €	-13.3%	56,1 k €

Estimate

Indicative valuation

As an indication, this company is worth

between 250 k€ and 500 k€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 1 active · 2 ended

Active mandates

ERWIN MENTENS

Director · since 12 juillet 2000

Active

Ended mandates

ERWIN MENTENS

Manager · since 12 juillet 2000

Ended

ERWIN MENTENS

Manager

Ended

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	25/08/2026	27/08/2025	29/08/2024	19/08/2023	18/08/2022	17/08/2021
General meeting	18/06/2026	19/06/2025	20/06/2024	15/06/2023	16/06/2022	17/06/2021
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	18/06/2026	25/08/2026	Dutch	PDF
Abridged model	31/12/2024	19/06/2025	27/08/2025	Dutch	PDF
Abridged model	31/12/2023	20/06/2024	29/08/2024	Dutch	PDF
Abridged model	31/12/2022	15/06/2023	19/08/2023	Dutch	PDF
Abridged model	31/12/2021	16/06/2022	18/08/2022	Dutch	PDF
Abridged model	31/12/2020	17/06/2021	17/08/2021	Dutch	PDF
Abridged model	31/12/2019	18/06/2020	26/08/2020	Dutch	PDF
Abridged model	31/12/2018	20/06/2019	23/08/2019	Dutch	PDF
Abridged model	31/12/2017	21/06/2018	10/08/2018	Dutch	PDF
Abridged model	31/12/2016	15/06/2017	23/08/2017	Dutch	PDF
Abridged model	31/12/2015	16/06/2016	09/08/2016	Dutch	PDF
Abridged model	31/12/2014	18/06/2015	24/07/2015	Dutch	PDF
Abridged model	31/12/2013	19/06/2014	20/08/2014	Dutch	PDF
Abridged model	31/12/2012	20/06/2013	22/08/2013	Dutch	PDF
Abridged model	31/12/2011	21/06/2012	22/08/2012	Dutch	PDF
Abridged model	31/12/2010	16/06/2011	29/07/2011	Dutch	PDF
Abridged model	31/12/2009	17/06/2010	09/08/2010	Dutch	PDF
Abridged model	31/12/2008	18/06/2009	18/08/2009	Dutch	PDF
Abridged model	31/12/2007	10/07/2008	26/08/2008	Dutch	PDF
Abridged model	31/12/2006	30/06/2007	21/08/2007	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 250 k€ and 500 k€

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 · 1 active · 2 ended

Active mandates

ERWIN MENTENS

Director · since 12 juillet 2000

Active

Ended mandates

ERWIN MENTENS

Manager · since 12 juillet 2000

Ended

ERWIN MENTENS

Manager

Ended

Shareholders

Ownership and network

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Try for 7 days

Competition

Similar companies

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

See the Business plan

2025
Annual accounts 202528,8 k €↑
2024
Annual accounts 202417,9 k €↑
2023
Annual accounts 202313,7 k €↓
2022
Annual accounts 202238 k €↑
2021
Annual accounts 20213,6 k €↑
2020
Annual accounts 20203,2 k €↓
2019
Annual accounts 20199,7 k €↓
2018
Annual accounts 201811,2 k €↑
2017
Annual accounts 20177 k €↑
2016
Annual accounts 2016492,1 €↓
2015
Annual accounts 20156,7 k €↑
2014
Annual accounts 2014-6,1 k €↑
2013
Annual accounts 2013-12 k €↓
2012
Annual accounts 2012-850,5 €↓
2011
Annual accounts 20112,9 k €↓
2010
Annual accounts 20104,7 k €↑
2009
Annual accounts 2009-7,1 k €↓
2008
Annual accounts 2008-2,7 k €↓
2007
Annual accounts 20079,4 k €↑
2006
Annual accounts 20062,3 k €
31/07/2000
IncorporationPrivate company with limited liability

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 FASE

Overview

What does STUDIO FASE do?

Trend over 20 financial years

Indicative valuation

Board of directors

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Similar companies

Similar companies

Timeline