ACTIVE

STUDIES & DEVELOPMENT

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Financial year 2025 · closed on 31/03/2025
Net result
80,7 k €
+7.3% YoY
Gross margin
118,4 k €
+16.5% YoY
Equity
554,6 k €
+0.7% YoY

What does STUDIES & DEVELOPMENT do?

STUDIES & DEVELOPMENT is a Private limited company incorporated in 2006. Its main activity is: Security and investigation activities. Its registered office is in Liège.

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0881.457.014
Incorporation
22/05/2006
Legal form
Private limited company
Registered office
Rue de l'Arbre-Sainte-Barbe 34
4000 Liège · WallonieSee on map
Contributed capital
6 200,00 €
Latest accounts
31/03/2025
Activities (NACE)
80412Security and investigation activities· main85532Driving school activities85532Driving school activities
Signals
ProfitableSolid equityLow riskGood liquidityPositive cashflowPositive EBITDA
View the BCE/KBO Public Search record →
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✦ Verdict · Analyst summary
Financials

Trend over 8 financial years

20252024202320222010200920082007
Income statement
Gross margin118,4 k €101,7 k €116,9 k €117,5 k €74,5 k €39,4 k €12,1 k €14,9 k €
EBITDA117,7 k €100,7 k €116,5 k €116,6 k €74,1 k €38,8 k €11,2 k €14,5 k €
Operating result116,9 k €99,3 k €115,1 k €115,3 k €67,6 k €32,7 k €4,5 k €8,2 k €
Net result80,7 k €75,2 k €75,0 k €75,8 k €41,9 k €19,3 k €1,4 k €4,4 k €
Balance sheet
Equity554,6 k €550,9 k €520,7 k €488,7 k €24,6 k €12,7 k €12,0 k €10,6 k €
Total assets665,5 k €747,3 k €693,0 k €652,2 k €104,7 k €70,9 k €33,1 k €29,0 k €
Cash330,2 k €638,3 k €689,1 k €608,7 k €62,7 k €33,5 k €10,3 k €4,8 k €
Debts105,2 k €190,4 k €167,8 k €157,0 k €80,1 k €58,2 k €20,9 k €16,5 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 31/03/2025 · 1 active · 4 ended

Active mandates

Jean-Louis Fraikin

Director

Active

Ended mandates

Jean Louis Fraikin

Manager · since 22 mai 2006

Ended
Jean-Louis FRAINKIN

Manager · since 22 mai 2006

Ended
Jean-Louis Fraikin

Manager · since 01 mai 2006

Ended
Jean-Louis FRAIKIN

Manager

Ended
Annual accounts

Full financial information

202520242023202220212020
Type of accountMicro modelMicro modelMicro modelMicro modelMicro modelMicro model
Start of the financial year01/04/202401/04/202301/04/202201/04/202101/04/202001/04/2019
Closing of the financial year31/03/202531/03/202431/03/202331/03/202231/03/202131/03/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date01/10/202501/10/202405/10/202310/10/202225/10/202112/10/2020
General meeting26/09/202527/09/202429/09/202330/09/202224/09/202125/09/2020
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

19 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Micro model31/03/202526/09/202501/10/2025FrenchPDF
Micro model31/03/202427/09/202401/10/2024FrenchPDF
Micro model31/03/202329/09/202305/10/2023FrenchPDF
Micro model31/03/202230/09/202210/10/2022FrenchPDF
Micro model31/03/202124/09/202125/10/2021FrenchPDF
Micro model31/03/202025/09/202012/10/2020FrenchPDF
Micro model31/03/201927/09/201928/10/2019FrenchPDF
Micro model31/03/201828/09/201809/10/2018FrenchPDF
Micro model31/03/201715/09/201729/09/2017FrenchPDF
Abridged model31/03/201629/09/201620/10/2016FrenchPDF
Abridged model31/03/201525/09/201529/09/2015FrenchPDF
Abridged model31/03/201426/09/201417/02/2015FrenchPDF
Abridged model31/03/201327/09/201330/10/2013FrenchPDF
Abridged model31/03/201228/09/201204/10/2012FrenchPDF
Abridged model31/03/201130/09/201129/11/2011FrenchPDF
Abridged model31/03/201024/09/201030/11/2010FrenchPDF
Abridged model31/03/200925/09/200924/11/2009FrenchPDF
Abridged model31/03/200826/09/200828/11/2008FrenchPDF
Abridged model31/03/200728/09/200727/11/2007FrenchPDF
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 31/03/2025 · 1 active · 4 ended

Active mandates

Jean-Louis Fraikin

Director

Active

Ended mandates

Jean Louis Fraikin

Manager · since 22 mai 2006

Ended
Jean-Louis FRAINKIN

Manager · since 22 mai 2006

Ended
Jean-Louis Fraikin

Manager · since 01 mai 2006

Ended
Jean-Louis FRAIKIN

Manager

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Mandates29/11/2023
    STATUTS (TRADUCTION, COORDINATION, AUTRES MODIFICATIONS, …) - MODIFICATION FORME JURIDIQUE - DEMISSIONS, NOMINATIONS
    PDF
  • Other01/06/2006
    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 202580,7 k €↑
  2. 2024
    Annual accounts 202475,2 k €↑
  3. 2023
    Annual accounts 202375,0 k €↓
  4. 2022
    Annual accounts 202275,8 k €↑
  5. 2010
    Annual accounts 201041,9 k €↑
  6. 2009
    Annual accounts 200919,3 k €↑
  7. 2008
    Annual accounts 20081,4 k €↓
  8. 2007
    Annual accounts 20074,4 k €
  9. 22/05/2006
    IncorporationPrivate limited company