ACTIVE

Studio39

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Financial year 2025 · closed on 31/12/2025
Net result
134,9 k €
-23.7% YoY
Gross margin
185,4 k €
-20.8% YoY
Equity
35,4 k €
+73.0% YoY

What does Studio39 do?

Studio39 is a Private limited company incorporated in 2017. Its main activity is: Management consultancy activities. Its registered office is in Edegem.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0673.908.686
Incorporation
05/04/2017
Legal form
Private limited company
Registered office
Lentelei 66
2650 Edegem · FlandreSee on map
Contributed capital
18 600,00 €
Latest accounts
31/12/2025
Activities (NACE)
70200Management consultancy activities· main70220Business and other management consultancy activities62020Computer consultancy activities62200Computer programming, consultancy and related activities
Signals
ProfitablePositive cashflowPositive EBITDA
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 9 financial years

202520242023202220212020201920182017
Income statement
Gross margin185,4 k €234 k €178,9 k €172,5 k €399,5 k €186,8 k €171,9 k €199,6 k €48,8 k €
EBITDA184,7 k €233,5 k €178,3 k €172 k €398,9 k €186,2 k €171,8 k €199,4 k €48,8 k €
Operating result174,9 k €228,2 k €177,6 k €151,1 k €377,7 k €165,4 k €150,7 k €178,8 k €48,5 k €
Net result134,9 k €176,8 k €137,5 k €116,1 k €287,6 k €128,1 k €114,5 k €133,4 k €31,1 k €
Balance sheet
Equity35,4 k €20,5 k €20,5 k €20,5 k €20,5 k €20,5 k €285,1 k €170,7 k €37,3 k €
Total assets211,9 k €273,4 k €186,1 k €187,6 k €359,1 k €490 k €368,2 k €251,7 k €66,1 k €
Cash29,8 k €64,2 k €92,7 k €71,3 k €247,2 k €338 k €215,7 k €102 k €35,8 k €
Debts173,3 k €252,2 k €165,2 k €165,7 k €336,8 k €469 k €82,5 k €76,7 k €28,4 k €
Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€
See the valuation
Governance

Board of directors

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

Active mandates

Erlend Schenkels

Director

Active

Ended mandates

Erlend Schenkels

Manager

Ended
Annual accounts

Full financial information

202520242023202220212020
Type of accountMicro modelMicro modelMicro modelMicro modelMicro modelMicro model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date19/06/202613/06/202514/06/202416/06/202317/06/202218/06/2021
General meeting21/05/202615/05/202516/05/202419/05/202319/05/202220/05/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

9 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202521/05/202619/06/2026DutchPDF
Micro model31/12/202415/05/202513/06/2025DutchPDF
Micro model31/12/202316/05/202414/06/2024DutchPDF
Micro model31/12/202219/05/202316/06/2023DutchPDF
Micro model31/12/202119/05/202217/06/2022DutchPDF
Micro model31/12/202020/05/202118/06/2021DutchPDF
Micro model31/12/201922/05/202019/06/2020DutchPDF
Micro model31/12/201816/05/201914/06/2019DutchPDF
Micro model31/12/201717/05/201814/06/2018DutchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 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 · 1 active · 1 ended

Active mandates

Erlend Schenkels

Director

Active

Ended mandates

Erlend Schenkels

Manager

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Registered office11/02/2026
    WIJZIGING RECHTSVORM, MAATSCHAPPELIJKE ZETEL,
    PDF
  • Other07/04/2017
    RUBRIEK OPRICHTING (NIEUWE RECHTSPERSOON, OPENING BIJKANTOOR, ENZ...)
    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

Timeline

  1. 2025
    Annual accounts 2025134,9 k €↓
  2. 2024
    Annual accounts 2024176,8 k €↑
  3. 2023
    Annual accounts 2023137,5 k €↑
  4. 2022
    Annual accounts 2022116,1 k €↓
  5. 2021
    Annual accounts 2021287,6 k €↑
  6. 2020
    Annual accounts 2020128,1 k €↑
  7. 2019
    Annual accounts 2019114,5 k €↓
  8. 2018
    Annual accounts 2018133,4 k €↑
  9. 2017
    Annual accounts 201731,1 k €
  10. 05/04/2017
    IncorporationPrivate limited company