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ESTUDIO

Active
Kortrijksesteenweg 788 ·9000 Gent, Belgium
BE 0693.905.930
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Full dossier in preparation

Checked processes every Belgian company, act by act, from the Belgian Official Gazette. The data below is real and verified, this company's full, act-by-act verified dossier is still being assembled.

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Age8 yrs
Board2
Staff (FTE)1
Connections2

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of ESTUDIO is 0.5% (low). The 2025 annual accounts show equity of €276k and a net result of €83k. Equity is growing by ~16.8% per year across the filed fiscal years. Its solvency ranks better than 29% of 76 sector peers (fiscal year 2025). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 7 annual accounts.

Trust signals

3 signals
More than 3 years active
Founded in 2018, past the statistically most fragile first 3 years.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad.
Administratively compliant
No FOD Economie strikeouts (UBO, accounts, address, activity).

Administrative Flags

0 events
No administrative flags

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone
0.5% Low
0%0,5%1,5%4%10%≥25%
Annual accounts: healthy financial profile Young company +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Financials

TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€83k-21.7%
Working capital€102k-44.1%

Annual accounts & ratios

Source: NBB · 2025
Annual accounts filed on 08-09-2025 with the NBB · fiscal year 2025 · verkort
€0€50k€100k€150kOperating result 2021: €25k€25kNet result 2021: €13k€13kOperating result 2022: €14k€14kNet result 2022: €737€737Operating result 2023: €139k€139kNet result 2023: €87k€87kOperating result 2024: €160k€160kNet result 2024: €106k€106kOperating result 2025: €130k€130kNet result 2025: €83k€83k20212022202320242025
Operating resultNet result
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing Equity: growth of ~16.8%/year over 7 fiscal years, indicative, assuming unchanged policy.
€0€200k€400k€600k2026: €364k (€328k - €401k)2027: €398k (€339k - €456k)2028: €431k (€351k - €511k)2019: €68k2020: €185k2021: €198k2022: €198k2023: €285k2024: €312k2025: €276k2019202020212022202320242025202620272028
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison
Fiscal year 2025 · NACE 73, Advertising & market research · compared within the same schema type (abbreviated schema)
Metric This company Sector median Position in the sector
Solvency 18.7% 46.1%
better than 29% of 76 sector peers
Net result €83k €52k
better than 63% of 76 sector peers
Equity €276k €279k
better than 50% of 76 sector peers
Gross operating margin €275k €133k
better than 65% of 75 sector peers
Staff costs €48k €272k
higher than 15% of 37 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
EBITDA
€204k
-12.2% +164% vs sector
Net profit
€83k
-21.7% +42% vs sector
Cash flow
€157k
-11.7% +106% vs sector
Total assets
€1.48M
-5.6% far above sector median
Equity
€276k
-11.3% +48% vs sector
Working capital
€102k
-44.1% -39% vs sector
Employees (FTE)
1
0.0% -86% vs sector
Staff costs
€48k
+4.2% -90% vs sector
Income taxes
€40k
-12.0% far above sector median
Dividends
€117k
+50.0% 19-25
Debt
€1.20M
-4.2% far above sector median
Debt ≤ 1y
€296k
+28.6% +128% vs sector
Debt > 1y
€905k
-7.6% 19-25
Current ratio
1.34
-25.0% -41% vs sector
Quick ratio
1.34
-25.0% -41% vs sector
Solvency
18.7%
-6.0% -68% vs sector
Debt / equity
4.35
+8.0% far above sector median
ROE
30.0%
-11.7% +12% vs sector
ROA
5.6%
-17.0% -56% vs sector
Interest coverage
20.92
-5.8% -72% vs sector
Figures by fiscal year
Fiscal year2025
Revenue-
EBITDA€204k
Net profit€83k
Cash flow€157k
Staff costs€48k
Income taxes€40k
Dividends€117k
Total assets€1.48M
Equity€276k
Debt€1.20M
of which ≤ 1y€296k
of which > 1y€905k
Working capital€102k
Employees (FTE)1.0
Ratios (computed)
2025
Current ratio1.34
Quick ratio1.34
Working capital ratio6.9%
Solvency18.7%
Debt / equity4.35
Long-term debt ratio3.28
Interest coverage20.92
Gross margin-
Net margin-
ROA5.6%
ROE30.0%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2025
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2025
Balance sheet, Assets
TOTAL ASSETS 20/58€1.48M
Fixed assets 21/28€1.08M
Tangible fixed assets 22/27€1.08M
Financial fixed assets 28€250
Current assets 29/58€398k
Amounts receivable within one year 40/41€109k
Cash & bank 54/58€183k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€1.48M
Equity 10/15€276k
Contributions / capital 10/11€19k
Reserves 13€258k
Accumulated profits (losses) 14€0
Amounts payable 17/49€1.20M
Amounts payable after one year 17€905k
Amounts payable within one year 42/48€296k
Trade debts payable within one year 44€91k
Income statement
Gross operating margin 9900€275k
Operating result 9901€130k
Financial income 75€3k
Financial charges 65€10k
Result before taxes 9903€123k
Income taxes 67/77€40k
Net result for the period 9904€83k
Result to be appropriated 9905€83k
You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.

Health barometer

FY 2025 · computed
65 / 100 Healthy
050100

Unlock the full score breakdown, per-year score history and the indicative credit limit with Plus.

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.

Directors

Directors & mandates

3 directors
Current directors & mandates
  • DEWAELE DCMLegal entity
    Director· perm. rep.: Daivy Dewaele
    State Gazette act 21368781 (24-11-2021)
    Current
    19-11-2021 → present
  • VERCAUTEREN DRUBBEL Maud
    Director
    State Gazette act 21368781 (24-11-2021)
    Current
    19-11-2021 → present
Historic, not recently confirmed (1)
These mandates remain open in the register but have not been confirmed by a new act in over six years. They do not count as active directors.
  • Dewaele Consulting BVBALegal entity
    Manager· perm. rep.: Daivy Dewaele
    State Gazette act 18131045 (28-08-2018)
    Not recently confirmed
    last confirmed in an act from 2018
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.

Insolvency mandates

indexing
No insolvency mandates (liquidators, administrators) on record for this company.

Legal Structure

NACE primary Activiteiten van adviesbureaus op het gebied van public relations en communicatie(73300)
Legal form Private limited company(610)
Incorporation04-04-2018
StatusActive
Postal code9000

Structure & network

Connections & network

2 connected companies
Group structure
DEWAELE DCM
Parent · 2 subsidiaries · 1 location
Control
Network connections
ADES
Shared corporate director
Connections derived from shared directors, addresses, shareholders and group structure in the Belgian State Gazette.

Locations & real estate

Registered office

on the map · from the address register
seat.Municipality exact location from the address register

Establishment units

1 location
ESTUDIO
Kortrijksestwg.103Kl.Z.Jozefien. 788, 9000 GentAdviesbureaus op het gebied van public relations en communicatie
since 20182.274.726.214
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area1,212 m²
Buildings1
Building footprint332 m²
Volume (LiDAR)3,440 m³
Tallest building17.2 m · ±4 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
44809I0571/00L002 Flanders 1,212 m² 1 · 332 m² 17.2 m · 4 fl.
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Analysis

Snowflake analysis

financial profile on 5 axes
Health65Profitability100Solvency31Growth78Stability100
75 / 100

Exceptional profile, strong across almost every axis.

Health 65
Profitability 100
Solvency 31
Growth 78
Stability 100

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Credit advice

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Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.

Similar

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Company registry

Company registry (CBE)

Crossroads Bank
Activities
Adviesbureaus op het gebied van public relations en communicatie70210Activiteiten van adviesbureaus op het gebied van public relations en communicatie73300Overige vormen van onderwijs85599Overige vormen van onderwijs85599Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies70200Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering70220Markt- en opinieonderzoekbureaus73200Markt- en opinieonderzoek73200Vertalers en tolken74300Activiteiten van vertalers74301Organisatie van congressen en beurzen82300Organisatie van congressen en beurzen82300Beroepsopleiding85592Overige onderwijsondersteunende dienstverlening85609Overige onderwijsondersteunende dienstverlening85699
Primary activity highlighted.
Names & trade names
Legal nameNL ESTUDIO
Registered office
Kortrijksesteenweg 788
9000 Gent, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.