ACTIVE

STUDY

Financial year 2025 · closed on 31/12/2025
Net result
14,7 k €
-16.7% YoY
Gross margin
22,4 k €
-6.1% YoY
Equity
21,1 k €
-1.3% YoY

What does STUDY do?

STUDY is a Private limited company incorporated in 2017. Its main activity is: Other information technology and computer service activities. Its registered office is in Forest.

Legal situation
Normal situation
BCE/KBO no. / VAT
BE 0686.905.005
Incorporation
29/12/2017
Legal form
Private limited company
Registered office
Rue des Primeurs 61
1190 Forest · BruxellesSee on map
Contributed capital
18 600,00 €
Latest accounts
31/12/2025
Signals
ProfitableLow riskGood liquidityPositive cashflowPositive EBITDA
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 8 financial years

20252024202320222021202020192018
Income statement
Gross margin22,4 k €23,9 k €37,7 k €52,6 k €27,2 k €30,6 k €37,7 k €45,8 k €
EBITDA22,4 k €23,9 k €37,7 k €52,6 k €27,2 k €30,6 k €37,4 k €45,1 k €
Operating result20,1 k €23,3 k €37,1 k €52,6 k €26,8 k €30,0 k €36,8 k €43,7 k €
Net result14,7 k €17,7 k €26,6 k €38,5 k €20,8 k €23,5 k €25,4 k €34,2 k €
Balance sheet
Equity21,1 k €21,4 k €20,7 k €66,1 k €110,2 k €89,3 k €65,9 k €40,4 k €
Total assets95,2 k €55,3 k €65,6 k €123,1 k €118,5 k €102,3 k €73,9 k €61,4 k €
Cash20,2 k €28,7 k €55,5 k €112,6 k €108,2 k €87,0 k €61,6 k €43,4 k €
Debts74,1 k €33,9 k €44,9 k €57,0 k €8,3 k €12,9 k €8,1 k €20,9 k €
Estimate

Indicative valuation

As an indication, this company is worth

between 100 k€ and 250 k€
See the valuation
Governance

Board of directors

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

Active mandates

PIERRE ABERGEL

Administrator - manager

Active

Ended mandates

Justine WAROQUET

Mandate

Ended
Pierre ABERGEL

Mandate

Ended
At this address

Other companies at this address

CompanyCBE no.
MMSH WATActive
1032.301.219
1039.637.783
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 date31/07/202629/08/202530/09/202430/08/202326/08/202230/08/2021
General meeting02/06/202603/06/202504/06/202406/06/202307/06/202201/06/2021
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

8 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/12/202502/06/202631/07/2026FrenchPDF
Micro model31/12/202403/06/202529/08/2025FrenchPDF
Micro model31/12/202304/06/202430/09/2024FrenchPDF
Micro model31/12/202206/06/202330/08/2023FrenchPDF
Micro model31/12/202107/06/202226/08/2022FrenchPDF
Micro model31/12/202001/06/202130/08/2021FrenchPDF
Micro model31/12/201902/06/202024/08/2020FrenchPDF
Micro model31/12/201804/06/201912/08/2019FrenchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 100 k€ and 250 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

PIERRE ABERGEL

Administrator - manager

Active

Ended mandates

Justine WAROQUET

Mandate

Ended
Pierre ABERGEL

Mandate

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates28/09/2023
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - MODIFICATION FORME JURIDIQUE - DIVERS - OBJET - DEMISSIONS, NOMINATIONS
    PDF
  • Registered office28/02/2019
    SIEGE SOCIAL
    PDF
  • Other03/01/2018
    RUBRIQUE CONSTITUTION (NOUVELLE PERSONNE MORALE, OUVERTURE SUCCURSALE, ETC...)
    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 202514,7 k €
  2. 2024
    Annual accounts 202417,7 k €
  3. 2023
    Annual accounts 202326,6 k €
  4. 2022
    Annual accounts 202238,5 k €
  5. 2021
    Annual accounts 202120,8 k €
  6. 2020
    Annual accounts 202023,5 k €
  7. 2019
    Annual accounts 201925,4 k €
  8. 2018
    Annual accounts 201834,2 k €
  9. 29/12/2017
    IncorporationPrivate limited company