STUDEX
ActiveSTUDEX has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €29k and a net result of €1k. Equity is growing by ~3.2% per year across the filed fiscal years. Its solvency ranks better than 95% of 2004 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
87
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability48▼-1
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2.5k at 30 days acceptable
Liquidity ample (current ratio 20.9 against 64.39 in 2024; short-term debt: 4.8% and cash: 74.5% of total assets), and 4.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Sector 71
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
95.2%
Return on assets
4.4%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 01-08-2026, 1 day later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
1 d late
2024
on the day
2023
24 d late
2022
4 d early
2021
4 d early
2020
30 d late
2019
1 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
21-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€29k▲ 1.2%
2024 · €29k
2018: €23k
2019: €25k
2020: €25k
2021: €26k
2022: €28k
2023: €27k
2024: €29k
2018 → 2025
Total assets
€30k▲ 4.6%
2024 · €29k
2018: €23k
2019: €25k
2020: €25k
2021: €26k
2022: €28k
2023: €27k
2024: €29k
2018 → 2025
Net result
€1k▲ 1.4%
2024 · €1k
2018: €364
2019: €2k
2020: €128
2021: €1k
2022: €2k
2023: €-397
2024: €1k
2018 → 2025
Working capital
€29k▲ 1.2%
2024 · €29k
2024: €29k
2024 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€26k-€28k▲ 7.3%€27k▼ 1.4%€29k▲ 4.8%€29k▲ 1.2%
Operating result€2k-€2k▲ 32.3%€659▼ 67.7%€2k▲ 194%€2k▲ 2.1%
Net result€1k-€2k▲ 76.3%€-397€1k€1k▲ 1.4%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 2% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €30k
Equity
€29k▲ 1.2%
Debt
€1k▲ 222%
The debt ratio rises from 1.6% to 4.8%. Equity and debt are higher.
Key figures and ratios
Solvency
95.2%▼
2024 · 98.4%
Current ratio
20.90▼
2024 · 64.39
Quick ratio
20.90▼
2024 · 64.39
Debt / equity
0.05▲
2024 · 0.02
ROE
4.6%▲
2024 · 4.6%
ROA
4.4%▼
2024 · 4.5%
Debt
€1k▲
2024 · €450
Debt ≤ 1 year
€1k▲
2024 · €450
Income taxes
€648▲
2024 · €626
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€29k€30k▲
Current assets29/58€29k€30k▲
Amounts receivable within one year40/41€10k€8k▼
Trade receivables40€10k€8k▼
Other amounts receivable41€218€218=
Cash at bank and in hand54/58€19k€23k▲
Equity and liabilities
Total equity and liabilities10/49€29k€30k▲
Equity10/15€29k€29k▲
Contributions10/11€19k€19k=
Capital10€19k€19k=
Issued capital100€19k€19k=
Reserves13€3k€3k▲
Distributable reserves133€3k€3k▲
Profit (loss) carried forward14€7k€7k▲
Amounts payable17/49€450€1k▲
Amounts payable within one year42/48€450€1k▲
Taxes, remuneration and social security45€450€450=
Taxes450/3€450€450=
Other amounts payable47/48-€1k
Income statement
Code20242025
Other operating charges640/8€110€55▼
Gross operating margin9900€2k€2k▼
Operating profit (loss)9901€2k€2k▲
Profit (loss) for the period before taxes9903€2k€2k▲
Income taxes67/77€626€648▲
Profit (loss) for the period9904€1k€1k▲
Profit (loss) for the period to be appropriated9905€1k€1k▲
Appropriation of the result
Profit (loss) to be appropriated9906€9k€9k▲
Profit (loss) brought forward from the previous period14P€7k€7k▲
Transfer from equity791/2-€1k
Transfer to equity691/2€1k€1k=
To other reserves6921€1k€1k=
Profit to be distributed694/7-€1k
Return on contributions (dividend)694-€1k
The notes to these accounts (2 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
01-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 1 day late
2025
31-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €1k
Net result €1k after one loss-making year.
24-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 24 days late
2023
31-12
Financial
Weakest financial yearnet €-397 ▼121%
Net result drops to €-397, the lowest in the series; recovery starts the following year.
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2018net €2k ▲76.3%
Operating result €2k, net result €2k, both a record.
27-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
30-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
22-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 22 days late
2018
27-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
11-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Halle · 1 establishment unit since 1997
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Klabbeeksesteenweg 2811502 HalleGround area
1,601 m²
Building footprint
257 m²
Volume, LiDAR
1,364 m³
Parcel 23043C0357/02P000, Flanders · tallest building 6.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
STUDEX
since 19972.083.266.822
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23043C0357/02P000 | Flanders | 1,601 m² | 1 · 257 m² | 6.6 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
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BE 0631.734.670
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RESEARCH & GENERAL ENGINEERING
BE 0842.006.619
Koekelare · Eq €29k
ABeerten
BE 1025.977.512
Lanaken · Eq €29k
EQP Consulting
BE 1009.478.604
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Of 11,554 companies in sector 71121 we hold annual accounts for 6,562. 4,442 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded19-08-1997
Fiscal year end31-12
Activities, NACEBEL
71121Engineering and related technical consultancy, excluding land surveyors
74203
68310Real estate agency activities
68311Real estate activities
70311
Sources
Crossroads Bank for EnterprisesNational Bank · 28 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.