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B STUD

Active
Private limited company (pre-2019)founded 2015active for 11 yearsHofeinde 1, 2240 Zandhoven, BelgiumKBO/BCE: BE 0600.982.997
Summary

The annual accounts of B STUD for financial year 2025 show a net loss of 717% of the equity at the start of that year. The 2025 annual accounts show equity of €367,103 and a net result of -€140,038. Equity fluctuates too strongly from year to year to read a trend from it. Its solvency ranks better than 36% of 3,714 sector peers (NACE 01, financial year 2025). The company has been active since 2015 and the Belgian Official Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.2% (very low).

Overview

Overview

Official details

Source: KBO
Status
Active since 12-03-2015 Normal situation
Activity
Raising of horses and other equines NACE 01430and 6 others
Establishment unit
2.240.929.137 2240 Zandhoven, since 12-03-2015
Financial year end
31 December
Peppol
Reachable since 23-06-2026

Board and ownership

Board
  • Vets CharlotteDirector · since 23-09-2019

Financial position

55 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
0.2%
Annual accounts 2025
Gross margin
-€92,012
Loss
€140,038
▲ 308%
Equity
€367,103
▲ 19×
Total assets
€2.0m
▼ 4.1%
  • 2025 accounts filed 20 days after the deadline
Turnover not published (abbreviated or micro format)
Score breakdownraises riskCapped at 59: a net loss of at least half of total assets or of the equity at the start of the financial yearLiquidity: current ratio 5.74, cash €3,003, halvedLoss of €140,038, the second in a row (financial year 2025)lowers riskSize: total assets €2.0mSector: Crop and animal production, hunting and related service activities (NACE 01)Show the evidence

Checked score

Score 2025
55 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially stronger than 45% of small companies in crop and animal production (NACE 01)
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59. Every signal that counts is listed under Signals.
Financial strength · tick: 2024
Weak
Solvency 43+17
equity 18.3% of total assets
Liquidity 50=
short-term debt 0.7% · cash 0.1%
Profitability 10-7
return on assets -7.0%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%

About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (909 companies, NACE 01, small)
Last 24 months 12-2024: 0.6% 01-2025: 0.6%● unchanged vs 12-2024 02-2025: 0.6%● unchanged vs 01-2025 03-2025: 0.6%● unchanged vs 02-2025 04-2025: 0.6%● unchanged vs 03-2025 05-2025: 0.6%● unchanged vs 04-2025 06-2025: 0.6%● unchanged vs 05-2025 07-2025: 0.7%▲ +0.1 percentage points vs 06-2025 08-2025: 1.1%▲ +0.4 percentage points vs 07-2025highest value 09-2025: 0.5%▼ -0.6 percentage points vs 08-2025 10-2025: 0.5%● unchanged vs 09-2025 11-2025: 0.5%● unchanged vs 10-2025 12-2025: 0.5%● unchanged vs 11-2025 01-2026: 0.5%● unchanged vs 12-2025 02-2026: 0.5%● unchanged vs 01-2026 03-2026: 0.5%● unchanged vs 02-2026 04-2026: 0.2%▼ -0.3 percentage points vs 03-2026lowest value 05-2026: 0.2%● unchanged vs 04-2026 06-2026: 0.2%● unchanged vs 05-2026 07-2026: 0.2%● unchanged vs 06-2026 08-2026: 0.5%▲ +0.3 percentage points vs 07-2026 09-2026: 0.2%▼ -0.3 percentage points vs 08-2026 10-2026: 0.2%● unchanged vs 09-2026 11-2026: 0.2%● unchanged vs 10-2026
Credit of up to €20,000 on 30-day terms, only on tighter conditions
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity is ample, with a current ratio of 5.74 (3.08 in 2024), above the usual 1.5. Short-term debt is 0.7% and cash 0.1% of total assets. However, 81.7% of the assets are financed with debt and provisions.
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 01, small). It does better than 23% of them on solvency, 53% on liquidity, 4% on profitability and 99% on growth.

The bankruptcy probability was computed on 03-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Six signals.
lowers riskraises risk
raises risk · Liquidity: current ratio 5.74, cash €3,003, halved
NBB · annual accounts
lowers risk · Size: total assets €2.0m
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
raises risk · Loss of €140,038, the second in a row (financial year 2025)
NBB · annual accounts
lowers risk · Sector: Crop and animal production, hunting and related service activities (NACE 01)
KBO
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025
Equity per financial year
1819202122232425
2018 to 2025 · latest year €367,103
raises risk · 2025 accounts filed 20 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 20-08-2026, 20 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filings
Deviation from the deadline
2025
20 days late
2024
1 day late
2023
29 days late
2022
on the day
2021
37 days early
2020
8 days early
2019
31 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 5 days after the deadline. In the sector (NACE 01), the median for financial year 2024 was 3 days before the deadline, and 37% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 1 August (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
04-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Financials

Financials · financial year 2025, micro format

2025 annual accounts filed 20 days after the deadline Filed on 20 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00409426.

Annual accounts 2025 filed on 20-08-2026 at the NBB all 10 filings

Amounts without an identifiable currency are taken as euros.

Equity
€367,103▲ 19×
2024 · €19,541
Total assets
€2.0m▼ 4.1%
2024 · €2.1m
Net result
-€140,038▼ 308%
2024 · -€34,300
Working capital
€67,960▼ 45.4%
2024 · €124,509
Multi-year overview
2018 to 2025, 8 financial years
Operating result
-€138,439
▼ 320% 2025
20182025
Net result
-€140,038
▼ 308% 2025
lowest quarter of the sector
20182025
Equity
€367,103
▲ 19× 2025
highest quarter of the sector
20182025
Total assets
€2.0m
▼ 4.1% 2025
highest quarter of the sector
20182025
Debt
€1.6m
▼ 20.9% 2025
20182025
Working capital
€67,960
▼ 45.4% 2025
middle half of the sector
20182025
Solvency
18.3%
▲ 17.3pp 2025
middle half of the sector
20182025
Current ratio
5.74
▲ 2.66 2025
highest quarter of the sector
20182025
Return on assets (ROA)
-7.0%
▼ 5.3pp 2025
lowest quarter of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable unfavourable
Line20182019202020212022202320242025
Operating result€0.008m--€0.02m-€0.01m▲ 38.4%-€0.003m▲ 76.6%€0.05m€0.006m▼ 88.4%-€0.03m-€0.1m▼ 320%
Net result€0.005m--€0.02m-€0.01mbelow the sector's middle half▲ 32.8%-€0.004mwithin the sector's middle half▲ 68.4%€0.05mabove the sector's middle half€0.004mwithin the sector's middle half▼ 92.2%-€0.03mbelow the sector's middle half-€0.1mbelow the sector's middle half▼ 308%
Equity€0.04m-€0.02m▼ 50.0%€0.006mbelow the sector's middle half▼ 67.3%€0.002mbelow the sector's middle half▼ 65.1%€0.05mwithin the sector's middle half▲ 25×€0.05mwithin the sector's middle half▲ 7.5%€0.02mwithin the sector's middle half▼ 63.7%€0.4mabove the sector's middle half▲ 19×
Total assets€0.06m-€0.08m▲ 39.4%€0.2mwithin the sector's middle half▲ 122%€0.2mwithin the sector's middle half▼ 3.0%€0.3mwithin the sector's middle half▲ 47.9%€0.4mwithin the sector's middle half▲ 34.6%€2.1mabove the sector's middle half▲ 497%€2.0mabove the sector's middle half▼ 4.1%
Debt€0.02m-€0.06m▲ 179%€0.2m▲ 174%€0.2m▼ 1.0%€0.2m▲ 20.9%€0.3m▲ 41.1%€2.1m▲ 598%€1.6m▼ 20.9%
Working capital€0.02m-€0.05m▲ 227%€0.05mwithin the sector's middle half▲ 1.9%€0.05mwithin the sector's middle half▼ 8.1%€0.05mwithin the sector's middle half▼ 4.1%-€0.03mwithin the sector's middle half€0.1mabove the sector's middle half€0.07mwithin the sector's middle half▼ 45.4%
Solvency60.9%-21.8%▼ 39.1pp3.2%below the sector's middle half▼ 18.6pp1.2%below the sector's middle half▼ 2.1pp19.2%within the sector's middle half▲ 18.1pp15.3%within the sector's middle half▼ 3.9pp0.9%below the sector's middle half▼ 14.4pp18.3%within the sector's middle half▲ 17.3pp
Current ratio1.67-4.56▲ 2.892.67above the sector's middle half▼ 1.882.48above the sector's middle half▼ 0.191.64within the sector's middle half▼ 0.850.81within the sector's middle half▼ 0.833.08above the sector's middle half▲ 2.275.74above the sector's middle half▲ 2.66
Return on assets (ROA)8.8%--21.9%▼ 30.6pp-6.6%below the sector's middle half▲ 15.2pp-2.2%below the sector's middle half▲ 4.5pp18.4%above the sector's middle half▲ 20.6pp1.1%within the sector's middle half▼ 17.4pp-1.6%within the sector's middle half▼ 2.7pp-7.0%below the sector's middle half▼ 5.3pp
above within below The sector band is the middle half of the companies in Crop and animal production, hunting and related service activities (NACE 01). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.

The operating result for 2025 is a loss of €138,439, larger than the loss of €32,989 in 2024. It is the lowest result since 2021.

Turnover and EBIT margin are not published. The abbreviated or micro format does not require them.

Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.0m
Fixed assets €1.9m ▲ 0.9%
Current assets €82,301 ▼ 55.3%
Equity and liabilities €2.0m
Equity €367,103 ▲ 19×
Debt €1.6m ▼ 20.9%
Debt's share of the balance-sheet total falls from 99.1% to 81.7%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
-€97,556▼
2024 · -€6,460
Cash flow
-€99,155▼
2024 · -€7,770
Quick ratio
1.17▲
2024 · 0.29
Debt to equity
4.47
ROE
-38.1%▲
2024 · -175.5%
Interest coverage
-59.55▼
2024 · -4.69
Debt ≤ 1 year
€14,341▼
2024 · €59,799
Debt > 1 year
€1.6m▼
2024 · €2.0m
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Investments

fixed assets acquired
Item20212022202320242025
Tangible fixed assets-€58,239€111,289€1.7m€57,276
Depreciation and write-downs of the year€2,386€11,081€18,280€26,529€40,883

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 49 lines
Balance sheet Code20242025
Assets
Total assets20/58€2.1m€2.0m▼
Fixed assets21/28€1.9m€1.9m▲
Tangible fixed assets22/27€1.9m€1.9m▲
Land and buildings22€1.9m€1.9m▲
Plant, machinery and equipment23€0.006m€0.008m▲
Furniture and vehicles24€0.05m€0.03m▼
Current assets29/58€0.2m€0.08m▼
Stocks and contracts in progress3€0.2m€0.07m▼
Stocks30/36€0.2m€0.07m▼
Amounts receivable within one year40/41€0.006m€0.01m▲
Trade receivables40€0.002m€0.01m▲
Other amounts receivable41€0.005m-
Cash at bank and in hand54/58€0.008m€0.003m▼
Deferred charges and accrued income490/1€0.003m€0.002m▼
Equity and liabilities
Total equity and liabilities10/49€2.1m€2.0m▼
Equity10/15€0.02m€0.4m▲
Contributions10/11€0.01m€0.5m▲
Reserves13€0.005m€0.002m▼
Non-distributable reserves130/1€0.002m€0.002m=
Reserves not available under the articles1311€0.002m€0.002m=
Distributable reserves133€0.003m-
Profit (loss) carried forward14€0.002m-€0.1m▼
Amounts payable17/49€2.1m€1.6m▼
Amounts payable after more than one year17€2.0m€1.6m▼
Financial debts170/4€2.0m€1.6m▼
Amounts payable within one year42/48€0.06m€0.01m▼
Current portion of amounts payable after more than one year42€0.003m€0.003m▲
Trade debts44€0.04m€0.01m▼
Suppliers440/4€0.04m€0.01m▼
Taxes, remuneration and social security45-€0.001m
Taxes450/3-€146
Remuneration and social security454/9-€0.001m
Other amounts payable47/48€0.01m-
Income statement Code20242025
Non-recurring operating income76A€0.003m-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.03m€0.04m▲
Other operating charges640/8€0.004m€0.006m▲
Non-recurring operating charges66A€0.006m-
Gross operating margin9900€0.004m-€0.09m▼
Operating profit (loss)9901-€0.03m-€0.1m▼
Financial income75/76B€66€39▼
Recurring financial income75€66€39▼
Financial charges65/66B€0.001m€0.002m▲
Recurring financial charges65€0.001m€0.002m▲
Profit (loss) for the period before taxes9903-€0.03m-€0.1m▼
Profit (loss) for the period9904-€0.03m-€0.1m▼
Profit (loss) for the period to be appropriated9905-€0.03m-€0.1m▼
Appropriation of the result
Profit (loss) to be appropriated9906€0.002m-€0.1m▼
Profit (loss) brought forward from the previous period14P€0.04m€0.002m▼
Transfer from equity791/2-€0.003m

The notes to these accounts have 10 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 20-08-2026.

Line20182019202020212022202320242025Change
Non-recurring operating income76A------€2,975--
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6,380€6,780€7,101€2,386€11,081€18,280€26,529€40,883▲ 54.1%
Other operating charges640/8---€1,270€846€618€4,425€5,544▲ 25.3%
Non-recurring operating charges66A------€6,427--
Gross operating margin9900€16,133-€9,903-€2,939€1,087€65,698€25,111€4,391-€92,012-
Operating profit (loss)9901€7,856-€17,808-€10,978-€2,569€53,770€6,213-€32,989-€138,439▼ 320%
Financial income75/76B---€19€0€50€66€39▼ 40.6%
Recurring financial income75€2€13€0€19€0€50€66€39▼ 40.6%
Financial charges65/66B---€1,256€1,289€1,345€1,376€1,638▲ 19.0%
Recurring financial charges65€29€29€1,073€1,256€1,289€1,345€1,376€1,638▲ 19.0%
Profit (loss) for the period before taxes9903€7,829-€17,824-€12,051-€3,806€52,482€4,919-€34,300-€140,038▼ 308%
Income taxes67/77€2,661€102--€4,444€1,153---
Profit (loss) for the period9904€5,168-€17,926-€12,051-€3,806€48,038€3,766-€34,300-€140,038▼ 308%
Profit (loss) for the period to be appropriated9905€5,168-€17,926-€12,051-€3,806€48,038€3,766-€34,300-€140,038▼ 308%
Line20182019202020212022202320242025Change
Assets
Total assets20/58€0.06m€0.08m€0.2m€0.2m€0.3m€0.4m€2.1m€2.0m▼ 4.1%
Fixed assets21/28€0.02m€0.02m€0.1m€0.1m€0.1m€0.2m€1.9m€1.9m▲ 0.9%
Tangible fixed assets22/27€0.02m€0.02m€0.1m€0.1m€0.1m€0.2m€1.9m€1.9m▲ 0.9%
Land and buildings22---€0.09m€0.09m€0.2m€1.9m€1.9m▲ 1.9%
Plant, machinery and equipment23---€0.003m€0.003m€0.002m€0.006m€0.008m▲ 33.5%
Furniture and vehicles24----€0.05m€0.04m€0.05m€0.03m▼ 41.6%
Current assets29/58€0.04m€0.06m€0.08m€0.08m€0.1m€0.1m€0.2m€0.08m▼ 55.3%
Stocks and contracts in progress3€0.03m€0.06m€0.06m€0.07m€0.05m€0.08m€0.2m€0.07m▼ 60.8%
Stocks30/36---€0.07m€0.05m€0.08m€0.2m€0.07m▼ 60.8%
Amounts receivable within one year40/41-€0.003m€0.001m€0.003m€0.01m€0.002m€0.006m€0.01m▲ 92.5%
Trade receivables40---€0.001m€0.01m€0.002m€0.002m€0.01m▲ 634%
Other amounts receivable41---€0.002m-€21€0.005m--
Cash at bank and in hand54/58€0.004m€0.001m€0.02m€0.005m€0.06m€0.02m€0.008m€0.003m▼ 60.1%
Deferred charges and accrued income490/1---€0.001m€0.003m€0.008m€0.003m€0.002m▼ 53.5%
Equity and liabilities
Total equity and liabilities10/49€0.06m€0.08m€0.2m€0.2m€0.3m€0.4m€2.1m€2.0m▼ 4.1%
Equity10/15€0.04m€0.02m€0.006m€0.002m€0.05m€0.05m€0.02m€0.4m▲ 19×
Contributions10/11€0.01m--€0.01m€0.01m€0.01m€0.01m€0.5m▲ 40×
Reserves13€0.001m€0.001m€0.001m€0.001m€0.001m€0.005m€0.005m€0.002m▼ 62.4%
Non-distributable reserves130/1---€0.001m€0.001m€0.002m€0.002m€0.002m=
Reserves not available under the articles1311---€0.001m€0.001m€0.002m€0.002m€0.002m=
Distributable reserves133-----€0.003m€0.003m--
Profit (loss) carried forward14€0.02m€0.004m-€0.008m-€0.01m€0.04m€0.04m€0.002m-€0.1m-
Amounts payable17/49€0.02m€0.06m€0.2m€0.2m€0.2m€0.3m€2.1m€1.6m▼ 20.9%
Amounts payable after more than one year17-€0.05m€0.1m€0.1m€0.1m€0.2m€2.0m€1.6m▼ 19.2%
Financial debts170/4---€0.1m€0.1m€0.2m€2.0m€1.6m▼ 19.2%
Amounts payable within one year42/48€0.02m€0.01m€0.03m€0.03m€0.07m€0.1m€0.06m€0.01m▼ 76.0%
Current portion of amounts payable after more than one year42---€0.003m€0.003m€0.003m€0.003m€0.003m▲ 1.8%
Trade debts44€0.003m€0.003m€0.01m€0.01m€0.04m€0.1m€0.04m€0.01m▼ 75.6%
Suppliers440/4---€0.01m€0.04m€0.1m€0.04m€0.01m▼ 75.6%
Taxes, remuneration and social security45----€0.007m€0.003m-€0.001m-
Taxes450/3----€0.007m€0.003m-€146-
Remuneration and social security454/9-------€0.001m-
Other amounts payable47/48---€0.02m€0.02m€0.03m€0.01m--
Line20182019202020212022202320242025Change
Profit (loss) for the period9904€0.005m-€0.02m-€0.01m-€0.004m€0.05m€0.004m-€0.03m-€0.1m▼ 308%
+ Depreciation and write-downs630€0.006m€0.007m€0.007m€0.002m€0.01m€0.02m€0.03m€0.04m▲ 54.1%
Operating cash flow (approximation)€0.01m-€0.01m-€0.005m-€0.001m€0.06m€0.02m-€0.008m-€0.1m▼ 1,176%
Investment in fixed assets (approximation)--€0.004m-€0.09m€0-€0.06m-€0.1m-€1.7m-€0.06m▲ 96.6%
Change in cash--€0.003m€0.02m-€0.02m€0.05m-€0.03m-€0.02m-€0.005m▲ 71.2%

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

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Historical observation

In July 2024, 1,423 companies had the same profile as B STUD has now. Two years later, 96.5% were still going and 1.0% had gone bankrupt.

  • Small
  • 10 to 20 years old
  • solvency 10 to 30%
  • a small loss
96.5% was still going
2.2% stopped otherwise
1.0% went bankrupt

Another 0.4% stopped without a precise date, possibly only after those two years.

That fits the bankruptcy probability of B STUD itself: 0.2% within 12 months.

Test of the method

The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the highest expected share
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 0.9%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 1,423 companies, not a prediction for B STUD. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Filings with the National Bank (10)
Financial year Type Filed Reference Document
31-12-2025 micro format 20-08-2026 2026-00409426 PDF
31-12-2024 micro format 01-08-2025 2025-00360005 PDF
31-12-2023 micro format 29-08-2024 2024-00415323 PDF
31-12-2022 micro format 31-07-2023 2023-00305136 PDF
31-12-2021 micro format 24-06-2022 2022-20089809 PDF
31-12-2020 micro format 23-07-2021 2021-38900202 PDF
31-12-2019 micro format 31-08-2020 2020-49500131 PDF
31-12-2018 abbreviated format 26-07-2019 2019-39200162 PDF
31-12-2017 abbreviated format 30-08-2018 2018-60100510 PDF
31-12-2016 abbreviated format 04-07-2017 2017-27500411 PDF

Board & ownership

Directors

Directors
1 director
Vets Charlotte
Director · since 23-09-2019 · listed in the 2025 annual accounts, filed on 20-08-2026
Current

Owners and capital

Network & group

B STUD shares no director with another company.

Connections & network

1 current director
Depth

The network starts from the directors of B STUD. Every other company they run is a node.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.

Timeline

Acts, filings and financial milestones

Deadline for the 2026 accounts: 31-07-2027
2026
20-08
NBB filing Annual accounts 2025 filedNBB
micro format · 20 days late
2025
31-12
Financial Weakest financial yearnet -€140,038
The net result drops to -€140,038, the lowest from 2018 to 2025.
31-12
Financial Equity above €200,000equity €367,103 ▲1,779%
Equity rises from €19,541 to €367,103.
01-08
NBB filing Annual accounts 2024 filedPDF
micro format · 1 day late
2024
31-12
Financial Liquidity more than triplescurrent ratio 3.08
The current ratio rises from 0.81 to 3.08. Short-term debt falls from €140,144 to €59,799.
29-08
NBB filing Annual accounts 2023 filedPDF
micro format · 29 days late
20-03
Gazette deed Registered office moved within Zandhoven
New seat: Hofeinde 1 - 2240 Zandhoven · Previous seat: Mussenbaan 23 - 2240 Zandhoven2 points ▸
  • Board meeting, 03-01-2024
  • Registered-office move, Hofeinde 1 - 2240 Zandhoven

Open the act in the Belgian Official Gazette

2023
31-07
NBB filing Annual accounts 2022 filedPDF
micro format · on the deadline day
2022
31-12
Financial Back to profitnet €48,038
The net result is €48,038, after 3 loss-making years.
24-06
NBB filing Annual accounts 2021 filedPDF
micro format · 37 days before the deadline
2021
23-07
NBB filing Annual accounts 2020 filedPDF
micro format · 8 days before the deadline
2020
31-08
NBB filing Annual accounts 2019 filedPDF
micro format · 31 days late
Show earlier events
2019
31-12
Financial Liquidity more than doubledcurrent ratio 4.56
The current ratio rises from 1.67 to 4.56. Short-term debt falls from €23,015 to €14,129.
26-07
NBB filing Annual accounts 2018 filedPDF
abbreviated format · 5 days before the deadline
2018
30-08
NBB filing Annual accounts 2017 filedPDF
abbreviated format · 30 days late
2017
04-07
NBB filing Annual accounts 2016 filedPDF
abbreviated format · 27 days before the deadline
2015
26-03
Gazette deed IncorporationPDF
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.

Sources:Publications in the Belgian Official GazetteFilings with the National Bank

History

On 12 March 2015, B STUD was incorporated.1 In 2024 the registered office moved to Zandhoven.2 Total assets went from €58,835 in 2018 to €2.0m in 2025.3

  1. 1KBO register
  2. 2Belgian Official Gazette, 20-03-2024
  3. 3National Bank, annual accounts 2018 and 2025

Company details

Register details

Identity

KBO record
Name B STUD in Dutch
Enterprise number 0600.982.997
Legal form Private limited company (pre-2019)
Status Active, normale toestand
Founded 12-03-2015
Entity type Legal entity

Registered office and establishments

Registered office Hofeinde 1, 2240 Zandhoven, Belgium
Establishment unit B STUD, Hofeinde 1, 2240 Zandhoven since 12-03-2015 · unit number 2.240.929.137

Activities

NACEBEL 2025
01430 Raising of horses and other equines main activity
55203 Holiday cottages, homes and apartments
55209 Other holiday and short-stay accommodation
82990 Other business support services
93127 Equestrian clubs
93129 Activities of other sports clubs
96994 Pet training
Codes under NACEBEL 2008
01430 Crop and animal production, hunting and related service activities main activity

Invoicing and payment

VAT number BE 0600.982.997
E-invoicing via Peppol
Reachable via Peppol
Peppol ID 0208:0600982997
Other Peppol ID 9925:BE0600982997
Registered 23-06-2026

Follow this company and you will hear the next morning if it leaves the Peppol register.

Register as of 4 November 2026 · Peppol Directory

Financial year and general meeting

Accounts at the NBB
Financial year end 31-12

Environmental permits

2 applications in Flanders since 2021 · 2 granted
Het reliëf van de bodem aanmerkelijk wijzigen; Nieuwbouw of aanleggen
Granted on 17-06-2024submitted 18-12-2023authority: Zandhovenproject 2023167516
Bomen vellen die geen deel uitmaken van een bos en/of bodemreliëf wijzigen; Bouwen of herbouwen; Functiewijziging; Nieuwbouw of aanleggen; Nieuwbouw van bijgebouwen, niet-overdekte lage constructies en andere handelingen; Verbouwen en/of uitbreiden zonder functiewijziging en zonder wijziging van aantal woongelegenheden; Verwijderen van vrijstaande bijgebouwen, niet-overdekte lage constructies of andere beperkte handelingen
Granted on 02-03-2023submitted 24-11-2021authority: Provincie Antwerpenproject 2021168654

Source: Omgevingsloket Vlaanderen.

Sites & property

Location
registered office establishment approximate The establishment unit on the map