ACTIVE

STUDES

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Financial year 2025 · closed on 30/11/2025

Net result

37,9 k €

-54.1% YoY

Gross margin

65,9 k €

-44.4% YoY

Equity

145 k €

+35.4% YoY

What does STUDES do?

STUDES is a Private limited company incorporated in 2004. Its main activity is: Specialist medical practice activities. Its registered office is in Meise.

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0862.999.003

Incorporation

27/01/2004

Legal form

Private limited company

Registered office

Broekstraat 25
1860 Meise · FlandreSee on map

Contributed capital

23 705,00 €

Latest accounts

30/11/2025

Activities (NACE)

86220Specialist medical practice activities· main 86220Specialist medical practice activities

Signals

ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 19 financial years

	2025		2024		2023		2022		2021		2020		2018		2017		2016		2015		2014		2013		2012		2011		2010		2009		2008		2007		2006
Income statement
Gross margin	65,9 k €	-44.4%	118,7 k €	-16.7%	142,5 k €	+431%	26,8 k €	+217%	-22,9 k €	+45.8%	-42,2 k €	-241%	-12,4 k €	-109%	133,5 k €	-15.4%	157,7 k €	+22.7%	128,6 k €	-17.4%	155,7 k €	-5.6%	164,8 k €	+5.3%	156,5 k €	-11.7%	177,2 k €	+3.7%	170,8 k €	+38.3%	123,5 k €	-3.5%	128 k €	-21.5%	163,1 k €	+19.2%	136,9 k €
EBITDA	65 k €	-45.0%	118,2 k €	-16.8%	142 k €	+436%	26,5 k €	+214%	-23,2 k €	+46.0%	-43 k €	-236%	-12,8 k €	-110%	133 k €	-15.5%	157,4 k €	+22.7%	128,2 k €	-17.4%	155,2 k €	-5.7%	164,5 k €	+5.8%	155,5 k €	-12.0%	176,8 k €	+3.8%	170,3 k €	+38.4%	123,1 k €	-3.6%	127,7 k €	-21.1%	161,9 k €	+19.1%	135,9 k €
Operating result	60,1 k €	-47.4%	114,4 k €	-18.2%	139,8 k €	+452%	25,3 k €	+204%	-24,5 k €	+47.3%	-46,4 k €	-106%	-22,6 k €	-120%	114,4 k €	-15.0%	134,6 k €	+29.2%	104,2 k €	-22.7%	134,8 k €	-6.3%	143,9 k €	+6.2%	135,5 k €	-13.3%	156,3 k €	+3.8%	150,6 k €	+46.1%	103,1 k €	+1.4%	101,6 k €	-29.6%	144,3 k €	+22.8%	117,5 k €
Net result	37,9 k €	-54.1%	82,7 k €	-22.4%	106,6 k €	+186%	37,3 k €	+7396%	-510,6 €	+98.5%	-33,6 k €	-152%	-13,3 k €	-119%	70,2 k €	-23.1%	91,3 k €	+31.4%	69,5 k €	-20.9%	87,8 k €	-13.4%	101,4 k €	+10.3%	92 k €	-12.1%	104,6 k €	+7.3%	97,5 k €	+52.8%	63,8 k €	-12.6%	72,9 k €	-25.8%	98,3 k €	+23.1%	79,8 k €
Balance sheet
Equity	145 k €	+35.4%	107,1 k €	-13.9%	124,4 k €	-31.8%	182,6 k €	-53.7%	393,9 k €	-0.1%	394,4 k €	-7.9%	428 k €	-3.0%	441,3 k €	+18.9%	371,1 k €	+32.6%	279,8 k €	+33.0%	210,4 k €	+71.7%	122,5 k €	-42.1%	211,6 k €	+76.8%	119,7 k €	+696%	15 k €	+3.3%	14,6 k €	-83.4%	87,8 k €	+492%	14,8 k €	-90.2%	151,9 k €
Total assets	168,6 k €	-27.5%	232,6 k €	+2.2%	227,6 k €	-48.1%	438,5 k €	+11.3%	394,1 k €	-0.1%	394,4 k €	-12.5%	450,8 k €	-2.9%	464,1 k €	+9.5%	423,8 k €	+12.2%	377,6 k €	+31.5%	287,3 k €	-25.3%	384,5 k €	+69.6%	226,7 k €	+13.7%	199,4 k €	+4.1%	191,6 k €	-16.9%	230,5 k €	+16.9%	197,1 k €	-43.8%	351 k €	+20.2%	292 k €
Cash	21,3 k €	-73.4%	80 k €	+387%	16,4 k €	+136%	7 k €	+54.0%	4,5 k €	-23.7%	5,9 k €	-90.2%	60,8 k €	+32.7%	45,8 k €	-26.4%	62,2 k €	-20.2%	78 k €	+420%	15 k €	-3.8%	15,6 k €	+119%	7,1 k €	-73.8%	27,2 k €	-10.0%	30,2 k €	-2.7%	31 k €	+291%	7,9 k €	+12.9%	7 k €	-28.6%	9,8 k €
Debts	23,6 k €	-81.2%	125,4 k €	+21.6%	103,2 k €	-59.7%	256 k €	+125630%	203,6 €		–		22,8 k €	0.0%	22,8 k €	-56.6%	52,6 k €	-46.2%	97,8 k €	+27.2%	76,9 k €	-70.7%	262 k €	+1672%	14,8 k €	-81.2%	78,8 k €	-55.2%	175,7 k €	-18.1%	214,4 k €	+96.0%	109,4 k €	-67.3%	334 k €	+161%	128 k €

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 30/11/2025 · 2 active · 2 ended

Active mandates

Jose Stuyck

Director · since 09 décembre 2022

Active

MARIA DE SOIR

Director

Active

Ended mandates

MARIA DE SOIR

Manager · since 03 février 2004

Ended

MARIA DE SOIR

Manager

Ended

At this address

Other companies at this address

Company	CBE no.
ROTARY CLUB MEISE-BOUCHOUT● Active	0475.055.124

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	01/12/2024	01/12/2023	01/12/2022	01/12/2021	01/12/2020	01/01/2019
Closing of the financial year	30/11/2025	30/11/2024	30/11/2023	30/11/2022	30/11/2021	30/11/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	23 months
Filing date	03/08/2026	18/06/2025	15/11/2024	03/07/2023	31/08/2022	26/08/2021
General meeting	29/05/2026	18/06/2025	24/06/2024	27/06/2023	31/05/2022	23/08/2021
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

19 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Micro model	30/11/2025	29/05/2026	03/08/2026	Dutch	PDF
Micro model	30/11/2024	18/06/2025	18/06/2025	Dutch	PDF
Micro model	30/11/2023	24/06/2024	15/11/2024	Dutch	PDF
Micro model	30/11/2022	27/06/2023	03/07/2023	Dutch	PDF
Micro model	30/11/2021	31/05/2022	31/08/2022	Dutch	PDF
Micro model	30/11/2020	23/08/2021	26/08/2021	Dutch	PDF
Micro model	31/12/2018	24/05/2019	31/07/2019	Dutch	PDF
Micro model	31/12/2017	30/06/2018	31/08/2018	Dutch	PDF
Micro model	31/12/2016	27/05/2017	31/08/2017	Dutch	PDF
Abridged model	31/12/2015	09/12/2016	21/12/2016	Dutch	PDF
Abridged model	31/12/2014	22/05/2015	30/09/2015	Dutch	PDF
Abridged model	31/12/2013	21/10/2014	19/11/2014	Dutch	PDF
Abridged model	31/12/2012	24/05/2013	15/10/2013	Dutch	PDF
Abridged model	31/12/2011	31/08/2012	28/09/2012	Dutch	PDF
Abridged model	31/12/2010	30/10/2011	09/12/2011	Dutch	PDF
Abridged model	31/12/2009	02/11/2010	08/11/2010	Dutch	PDF
Abridged model	31/12/2008	05/11/2009	27/11/2009	Dutch	PDF
Abridged model	31/12/2007	14/10/2008	31/10/2008	Dutch	PDF
Abridged model	31/12/2006	25/05/2007	29/08/2007	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 30/11/2025 · 2 active · 2 ended

Active mandates

Jose Stuyck

Director · since 09 décembre 2022

Active

MARIA DE SOIR

Director

Active

Ended mandates

MARIA DE SOIR

Manager · since 03 février 2004

Ended

MARIA DE SOIR

Manager

Ended

Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

Mandates05/01/2023
WIJZIGING RECHTSVORM - BENAMING - ONTSLAGEN - BENOEMINGEN
PDF
Other17/01/2020
ALGEMENE VERGADERING - BOEKJAAR
PDF
Capital / shares09/01/2014
KAPITAAL - AANDELEN - STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - DIVERSEN
PDF
Registered office20/07/2005
MAATSCHAPPELIJKE ZETEL
PDF
Other03/02/2004
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

2025
Annual accounts 202537,9 k €↓
2024
Annual accounts 202482,7 k €↓
2023
Annual accounts 2023106,6 k €↑
2023
Name changeDE SOIR
2022
Annual accounts 202237,3 k €↑
2022
Name changeSTUDES
2021
Annual accounts 2021-510,6 €↑
2020
Annual accounts 2020-33,6 k €↓
2018
Annual accounts 2018-13,3 k €↓
2017
Annual accounts 201770,2 k €↓
2016
Annual accounts 201691,3 k €↑
2015
Annual accounts 201569,5 k €↓
2014
Annual accounts 201487,8 k €↓
2013
Annual accounts 2013101,4 k €↑
2012
Annual accounts 201292 k €↓
2011
Annual accounts 2011104,6 k €↑
2010
Annual accounts 201097,5 k €↑
2009
Annual accounts 200963,8 k €↓
2008
Annual accounts 200872,9 k €↓
2007
Annual accounts 200798,3 k €↑
2006
Annual accounts 200679,8 k €
2006
Name changeDR DE SOIR
27/01/2004
IncorporationPrivate 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

STUDES

Overview

What does STUDES do?

Trend over 19 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