Core Studios (1023.034.254): annual accounts and directors

Core Studios

Bruges ·KBO/BCE: BE 1023.034.254

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%

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%

Company	Total assets	Gross margin	Solvency	Staff
Core Studios Bruges	€147,550	€91,260	48.4%	0.4
BieVA Harelbeke	€179,451	€119,401	34.5%	-
Xavi Sports Kortrijk	€119,476	€76,536	41.3%	-
CoachingByAf Waterloo	€182,766	€105,592	46.9%	-
MdH Equestrian Forest	€134,225	€83,163	35.7%	-
LùLù Studio Braine-l'Alleud	€186,335	€81,415	27.4%	-
Aquastar Lebbeke	€126,541	€111,152	4.0%	-

Line	Trend	2025
Balance sheet: assets
Total assets`20/58`		147,550
Fixed assets`21/28`		57,832
Intangible fixed assets`21`		1,949
Tangible fixed assets`22/27`		50,858
Plant, machinery and equipment`23`		29,339
Other tangible fixed assets`26`		21,519
Financial fixed assets`28`		5,025
Current assets`29/58`		89,718
Amounts receivable within one year`40/41`		20,098
Trade receivables`40`		12,227
Other amounts receivable`41`		7,871
Cash at bank and in hand`54/58`		68,912
Deferred charges and accrued income`490/1`		708
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`		147,550
Equity`10/15`		71,383
Contributions`10/11`		5,000
Reserves`13`		66,383
Distributable reserves`133`		66,383
Amounts payable`17/49`		76,167
Amounts payable within one year`42/48`		43,773
Trade debts`44`		21,864
Suppliers`440/4`		21,864
Advances received on contracts in progress`46`		386
Taxes, remuneration and social security`45`		21,522
Taxes`450/3`		21,119
Remuneration and social security`454/9`		404
Accrued charges and deferred income`492/3`		32,394
Income statement
Gross operating margin`9900`		91,260
Remuneration, social security and pensions`62`		5,031
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`		3,084
Other operating charges`640/8`		574
Operating profit (loss)`9901`		82,572
Financial income`75/76B`		96
Recurring financial income`75`		96
Financial charges`65/66B`		281
Recurring financial charges`65`		281
Profit (loss) for the period before taxes`9903`		82,386
Income taxes`67/77`		16,003
Profit (loss) for the period`9904`		66,383
Profit (loss) for the period to be appropriated`9905`		66,383
Appropriation of the result
Profit (loss) to be appropriated`9906`		66,383
Transfer to equity`691/2`		66,383
To other reserves`6921`		66,383
Social balance sheet
Average staff (FTE)`9087`		0.4
Hours worked`1013`		440
Document		PDF

Line	Trend	2025
EBITDA		85,655
Cash flow		69,467
Investment in fixed assets		60,916
Working capital		45,945
Solvency		48.4%
Current ratio		2.05
Debt to equity		1.07
ROE		93.0%
ROA		45.0%
Interest coverage		over 100

Item	31-12-2025
Average over the year, in full-time equivalents	0.4
Joined	58
Left	58

Item	2025
Tangible fixed assets	€53,941
Intangible fixed assets	€1,950
Financial fixed assets	€5,025
Depreciation and write-downs of the year	€3,084

Establishment	Since	Unit number
Olympialaan 2 registered office 8200 Bruges
Pathoekeweg 34 8000 Bruges	06-05-2025	2.374.176.453

Cadastral parcel	Area	Buildings	Height / floors
31807I0530/00G000	5,578 m²	1 · 2,676 m²	10.6 m · 3
31027D0168/00L008	151 m²	1 · 70 m²	10.3 m · 2

Overview

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Annual accounts 2025

Insights on Core Studios

Financials

Annual accounts 2025

Balance sheet

Position in the sector

Solvency48.4%

Current ratio2.05

Return on assets45.0%

Staff

Staff cost per FTE€12,577

Joined and left+0

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