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STUDIES & DEVELOPMENT

Active
Private limited companyfounded 2006active for 20 yearsRue de l'Arbre-Sainte-Barbe 34, 4000 Liège, BelgiumKBO/BCE: BE 0881.457.014
Summary

STUDIES & DEVELOPMENT has been active since 2006 and the Belgian Official Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €551,687 and a net result of €57,077. Equity has been growing by about 6.1% per year since 2019. Its solvency ranks better than 80% of 55 sector peers (NACE 85, financial year 2026). The computed 12-month bankruptcy probability is below 0.1% (very low).

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STUDIES & DEVELOPMENTActiveChecked score 96/100
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Overview

Overview

Official details

Source: KBO
Status
Active since 22-05-2006 Normal situation
Activity
Education NACE 85532
Establishment unit
2.156.954.158 4000 Liège, since 28-09-2006
Financial year end
31 March
Peppol
Reachable since 20-11-2020
Company details

Board and ownership

Board
Board & ownership

Financial position

96 Excellent Checked score 2026
Bankruptcy probabilitywithin 12 months
< 0.1%
Annual accounts to 31-03-2026
Gross margin
€104,151
▼ 12.1%
Turnover
≈ €260,000
estimated
Profit
€57,077
▼ 29.3%
Equity
€551,687
▼ 0.5%
Total assets
€634,634
▼ 4.6%
Financials
Score breakdownlowers riskLiquidity: current ratio 7.31, cash €235,178Sector: Education (NACE 85)Size: total assets €634,634Equity €551,687 (86.9% of total assets)Show the evidence

Checked score

Score 2026
96 / 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 69% of micro companies in education (NACE 85)
Every signal that counts is listed under Signals.
Financial strength · tick: 2025
Strong
Solvency 100=
equity 86.9% of total assets
Liquidity 94-2
short-term debt 12.9% · cash 37.1%
Profitability 80-4
return on assets 9.0%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%

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

Sector median 0.1% (3,822 companies, NACE 85, micro)
Last 24 months 12-2024: < 0.1% 01-2025: < 0.1%● unchanged vs 12-2024 02-2025: < 0.1%● unchanged vs 01-2025 03-2025: < 0.1%● unchanged vs 02-2025 04-2025: < 0.1%● unchanged vs 03-2025lowest value 05-2025: < 0.1%● unchanged vs 04-2025 06-2025: < 0.1%● unchanged vs 05-2025 07-2025: < 0.1%● unchanged vs 06-2025 08-2025: < 0.1%● unchanged vs 07-2025 09-2025: < 0.1%● unchanged vs 08-2025 10-2025: < 0.1%● unchanged vs 09-2025highest value 11-2025: < 0.1%● unchanged vs 10-2025 12-2025: < 0.1%● unchanged vs 11-2025 01-2026: < 0.1%● unchanged vs 12-2025 02-2026: < 0.1%● unchanged vs 01-2026 03-2026: < 0.1%● unchanged vs 02-2026 04-2026: < 0.1%● unchanged vs 03-2026 05-2026: < 0.1%● unchanged vs 04-2026 06-2026: < 0.1%● unchanged vs 05-2026 07-2026: < 0.1%● unchanged vs 06-2026 08-2026: < 0.1%● unchanged vs 07-2026 09-2026: < 0.1%● unchanged vs 08-2026 10-2026: < 0.1%● unchanged vs 09-2026 11-2026: < 0.1%● unchanged vs 10-2026
Credit of up to €50,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 7.31 (6.31 in 2025), above the usual 1.5. Short-term debt is 12.9% and cash 37.1% of total assets. 13.1% 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 85, micro). It does better than 88% of them on solvency, 87% on liquidity, 59% on profitability and 41% 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

Five signals.
lowers riskneutral
lowers risk · Liquidity: current ratio 7.31, cash €235,178
NBB · annual accounts
lowers risk · Sector: Education (NACE 85)
KBO
lowers risk · Size: total assets €634,634
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
lowers risk · Equity €551,687 (86.9% of total assets)
NBB · annual accounts
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 05-10-2026, 26 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2026
26 days early
2025
30 days early
2024
30 days early
2023
26 days early
2022
21 days early
2021
6 days early
2020
19 days early
← 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 23 days before the deadline. In the sector (NACE 85), the median for financial year 2024 was 16 days before the deadline, and 32% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today. The company usually files around 5 October (5 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 today31-03-2027 year end31-10-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Financials

Financials · financial year 2026, micro format

Annual accounts 2026 filed on 05-10-2026 at the NBB all 20 filings

Amounts without an identifiable currency are taken as euros.

Turnover
≈ €260,000
Estimated: probably between €170,000 and €400,000
Total assets
€634,634▼ 4.6%
2025 · €665,483
Net result
€57,077▼ 29.3%
2025 · €80,733
Working capital
€518,108▼ 7.3%
2025 · €558,950
Multi-year overview
2019 to 2026, 8 financial years
Operating result
€93,358
▼ 20.1% 2026
20192026
Net result
€57,077
▼ 29.3% 2026
20192026
Equity
€551,687
▼ 0.5% 2026
20192026
Total assets
€634,634
▼ 4.6% 2026
20192026
Debt
€82,947
▼ 25.2% 2026
20192026
Working capital
€518,108
▼ 7.3% 2026
20192026
Solvency
86.9%
▲ 3.6pp 2026
20192026
Current ratio
7.31
▲ 1.00 2026
20192026
Return on assets (ROA)
9.0%
▼ 3.1pp 2026
20192026
Staff (FTE)
no figure
2026
20192026
Every figure per financial year
Every figure with its change against the financial year before
favourable unfavourable
Line20192020202120222023202420252026
Operating result€133,092-€111,546▼ 16.2%€93,861▼ 15.9%€115,317▲ 22.9%€115,126▼ 0.2%€99,291▼ 13.8%€116,908▲ 17.7%€93,358▼ 20.1%
Net result€82,023-€70,838▼ 13.6%€61,748above the sector's middle half▼ 12.8%€75,774above the sector's middle half▲ 22.7%€74,986above the sector's middle half▼ 1.0%€75,220above the sector's middle half▲ 0.3%€80,733above the sector's middle half▲ 7.3%€57,077▼ 29.3%
Equity€355,313-€411,151▲ 15.7%€457,898above the sector's middle half▲ 11.4%€488,672above the sector's middle half▲ 6.7%€520,658above the sector's middle half▲ 6.5%€550,878above the sector's middle half▲ 5.8%€554,610above the sector's middle half▲ 0.7%€551,687▼ 0.5%
Total assets€508,598-€516,017▲ 1.5%€576,155above the sector's middle half▲ 11.7%€652,161above the sector's middle half▲ 13.2%€692,972above the sector's middle half▲ 6.3%€747,349above the sector's middle half▲ 7.8%€665,483above the sector's middle half▼ 11.0%€634,634▼ 4.6%
Debt€153,285-€104,867▼ 31.6%€118,257▲ 12.8%€163,489▲ 38.2%€172,314▲ 5.4%€196,471▲ 14.0%€110,873▼ 43.6%€82,947▼ 25.2%
Working capital€357,399-€413,380▲ 15.7%€457,027above the sector's middle half▲ 10.6%€491,901above the sector's middle half▲ 7.6%€523,334above the sector's middle half▲ 6.4%€555,238above the sector's middle half▲ 6.1%€558,950above the sector's middle half▲ 0.7%€518,108▼ 7.3%
Solvency69.9%-79.7%▲ 9.8pp79.5%above the sector's middle half▼ 0.2pp74.9%above the sector's middle half▼ 4.5pp75.1%above the sector's middle half▲ 0.2pp73.7%above the sector's middle half▼ 1.4pp83.3%above the sector's middle half▲ 9.6pp86.9%▲ 3.6pp
Current ratio3.36-5.03▲ 1.664.95above the sector's middle half▼ 0.084.13above the sector's middle half▼ 0.824.12above the sector's middle half▼ 0.013.92above the sector's middle half▼ 0.206.31above the sector's middle half▲ 2.407.31▲ 1.00
Return on assets (ROA)16.1%-13.7%▼ 2.4pp10.7%within the sector's middle half▼ 3.0pp11.6%within the sector's middle half▲ 0.9pp10.8%within the sector's middle half▼ 0.8pp10.1%within the sector's middle half▼ 0.8pp12.1%within the sector's middle half▲ 2.1pp9.0%▼ 3.1pp
Staff (FTE)0-
above within below The sector band is the middle half of the companies in Education (NACE 85). 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 2026 is 20% lower than in 2025 and the lowest since 2022.

Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.

Balance-sheet composition
2026 in colour, 2025 as the grey bar beneath
Assets €634,634
Fixed assets €34,427 ▲ 25×
Current assets €600,207 ▼ 9.6%
Equity and liabilities €634,634
Equity €551,687 ▼ 0.5%
Debt €82,947 ▼ 25.2%
Debt's share of the balance-sheet total falls from 16.7% to 13.1%. Equity and debt are lower.
Key figures and ratios
2026 value · change against 2025
EBITDA
€101,917▼
2025 · €117,700
Cash flow
€65,635▼
2025 · €81,525
Debt to equity
0.15▼
2025 · 0.20
ROE
10.3%▼
2025 · 14.6%
Interest coverage
96.07▲
2025 · 19.97
Debt ≤ 1 year
€82,099▼
2025 · €105,183
Income taxes
€44,371▲
2025 · €38,559
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Investments

fixed assets acquired
Item31-03-202231-03-202331-03-202431-03-202531-03-2026
Tangible fixed assets€1,122-€1,241€419€41,635
Depreciation and write-downs of the year€1,271€1,339€1,392€792€8,559

Source: notes to the 2022 to 2026 annual accounts (statement of fixed assets)

Annual accounts
Filed annual accounts As filed with the NBB · 2026 against 2025 · 45 lines
Balance sheet Code20252026
Assets
Total assets20/58€665,483€634,634▼
Fixed assets21/28€1,350€34,427▲
Tangible fixed assets22/27€1,350€34,427▲
Plant, machinery and equipment23€576€360▼
Furniture and vehicles24€774€34,067▲
Current assets29/58€664,133€600,207▼
Amounts receivable within one year40/41€4,307€4,860▲
Trade receivables40€4,307€0▼
Other amounts receivable41€0€4,860▲
Current investments50/53€325,000€355,000▲
Cash at bank and in hand54/58€330,244€235,178▼
Deferred charges and accrued income490/1€4,583€5,169▲
Equity and liabilities
Total equity and liabilities10/49€665,483€634,634▼
Equity10/15€554,610€551,687▼
Contributions10/11€6,200€6,200=
Reserves13€366,770€363,770▼
Distributable reserves133€366,770€363,770▼
Profit (loss) carried forward14€181,640€181,717=
Amounts payable17/49€110,873€82,947▼
Amounts payable within one year42/48€105,183€82,099▼
Trade debts44-€193
Suppliers440/4-€193
Taxes, remuneration and social security45€10,970€7,300▼
Taxes450/3€10,970€7,300▼
Other amounts payable47/48€94,213€74,607▼
Accrued charges and deferred income492/3€5,690€848▼
Income statement Code20252026
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€792€8,559▲
Other operating charges640/8€737€2,233▲
Gross operating margin9900€118,437€104,151▼
Operating profit (loss)9901€116,908€93,358▼
Financial income75/76B€8,277€9,151▲
Recurring financial income75€8,277€9,151▲
Financial charges65/66B€5,893€1,061▼
Recurring financial charges65€5,893€1,061▼
Profit (loss) for the period before taxes9903€119,292€101,448▼
Income taxes67/77€38,559€44,371▲
Profit (loss) for the period9904€80,733€57,077▼
Profit (loss) for the period to be appropriated9905€80,733€57,077▼
Appropriation of the result
Profit (loss) to be appropriated9906€262,340€238,717▼
Profit (loss) brought forward from the previous period14P€181,608€181,640=
Transfer from equity791/2€77,000€60,000▼
Transfer to equity691/2€80,700€57,000▼
To other reserves6921€80,700€57,000▼
Profit to be distributed694/7€77,000€60,000▼
Return on contributions (dividend)694€77,000€60,000▼

The notes to these accounts have 7 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 2026 at the NBB, filed on 05-10-2026.

Line20192020202120222023202420252026Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€266€0€851€1,271€1,339€1,392€792€8,559▲ 981%
Other operating charges640/8---€888€459€984€737€2,233▲ 203%
Gross operating margin9900€134,060€112,003€95,204€117,475€116,925€101,668€118,437€104,151▼ 12.1%
Operating profit (loss)9901€133,092€111,546€93,861€115,317€115,126€99,291€116,908€93,358▼ 20.1%
Financial income75/76B---€0-€4,105€8,277€9,151▲ 10.6%
Recurring financial income75€123€0€6€0-€4,105€8,277€9,151▲ 10.6%
Financial charges65/66B---€4,116€4,745€6,264€5,893€1,061▼ 82.0%
Recurring financial charges65€2,205€2,341€2,620€4,116€4,745€6,264€5,893€1,061▼ 82.0%
Profit (loss) for the period before taxes9903€131,010€109,204€91,248€111,201€110,381€97,131€119,292€101,448▼ 15.0%
Income taxes67/77€48,987€38,367€29,500€35,427€35,396€21,911€38,559€44,371▲ 15.1%
Profit (loss) for the period9904€82,023€70,838€61,748€75,774€74,986€75,220€80,733€57,077▼ 29.3%
Profit (loss) for the period to be appropriated9905€82,023€70,838€61,748€75,774€74,986€75,220€80,733€57,077▼ 29.3%
Line20192020202120222023202420252026Change
Assets
Total assets20/58€508,598€516,017€576,155€652,161€692,972€747,349€665,483€634,634▼ 4.6%
Formation expenses20€0--------
Fixed assets21/28--€3,363€3,214€1,875€1,724€1,350€34,427▲ 25×
Intangible fixed assets21€0--------
Tangible fixed assets22/27--€3,363€3,214€1,875€1,724€1,350€34,427▲ 25×
Plant, machinery and equipment23---€594€462€330€576€360▼ 37.5%
Furniture and vehicles24---€2,620€1,413€1,394€774€34,067▲ 44×
Financial fixed assets28€0--------
Current assets29/58€508,598€516,017€572,792€648,946€691,097€745,625€664,133€600,207▼ 9.6%
Stocks and contracts in progress3€0--------
Amounts receivable within one year40/41€51,019€30,842€43,872€39,909€1,654€4,809€4,307€4,860▲ 12.9%
Trade receivables40---€38,619€54€0€4,307€0▼ 100%
Other amounts receivable41---€1,290€1,600€4,809€0€4,860-
Current investments50/53€0----€100,000€325,000€355,000▲ 9.2%
Cash at bank and in hand54/58€455,158€484,884€526,575€608,740€689,119€638,334€330,244€235,178▼ 28.8%
Deferred charges and accrued income490/1---€297€324€2,482€4,583€5,169▲ 12.8%
Equity and liabilities
Total equity and liabilities10/49€508,598€516,017€576,155€652,161€692,972€747,349€665,483€634,634▼ 4.6%
Equity10/15€355,313€411,151€457,898€488,672€520,658€550,878€554,610€551,687▼ 0.5%
Contributions10/11€6,200€0-€6,200€6,200€6,200€6,200€6,200=
Reserves13€171,860€226,860€271,860€301,860€332,860€363,070€366,770€363,770▼ 0.8%
Non-distributable reserves130/1---€1,860€1,860€0---
Reserves not available under the articles1311---€1,860€1,860€0---
Distributable reserves133---€300,000€331,000€363,070€366,770€363,770▼ 0.8%
Profit (loss) carried forward14€177,253€178,091€179,838€180,612€181,598€181,608€181,640€181,717=
Amounts payable17/49€153,285€104,867€118,257€163,489€172,314€196,471€110,873€82,947▼ 25.2%
Amounts payable within one year42/48€151,200€102,637€115,765€157,045€167,763€190,387€105,183€82,099▼ 21.9%
Trade debts44€8,762€7,585€6,863€662€45€0-€193-
Suppliers440/4---€662€45€0-€193-
Taxes, remuneration and social security45---€6,405€6,034€8,970€10,970€7,300▼ 33.5%
Taxes450/3---€6,405€6,034€8,970€10,970€7,300▼ 33.5%
Other amounts payable47/48---€149,978€161,684€181,417€94,213€74,607▼ 20.8%
Accrued charges and deferred income492/3---€6,444€4,552€6,084€5,690€848▼ 85.1%
Line20192020202120222023202420252026Change
Profit (loss) for the period9904€82,023€70,838€61,748€75,774€74,986€75,220€80,733€57,077▼ 29.3%
+ Depreciation and write-downs630€266€0€851€1,271€1,339€1,392€792€8,559▲ 981%
Operating cash flow (approximation)€82,289€70,838€62,598€77,045€76,325€76,612€81,525€65,635▼ 19.5%
Investment in fixed assets (approximation)----€1,122€0-€1,241-€419-€41,635▼ 9,846%
Change in cash-€29,726€41,691€82,164€80,379-€50,785-€308,091-€95,066▲ 69.1%

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

Download as CSV

Historical observation

In July 2024, 20,136 companies had the same profile as STUDIES & DEVELOPMENT has now. Two years later, 95.0% were still going and 0.2% had gone bankrupt.

  • Small
  • 20 years or older
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
95.0% was still going
4.7% stopped otherwise
0.2% went bankrupt

That fits the bankruptcy probability of STUDIES & DEVELOPMENT itself: < 0.1% 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 20,136 companies, not a prediction for STUDIES & DEVELOPMENT. 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.

Latest 10 of 20 filings with the National Bank
Financial year Type Filed Reference Document
31-03-2026 micro format 05-10-2026 2026-00549105 PDF
31-03-2025 micro format 01-10-2025 2025-00531527 PDF
31-03-2024 micro format 01-10-2024 2024-00485142 PDF
31-03-2023 micro format 05-10-2023 2023-00475271 PDF
31-03-2022 micro format 10-10-2022 2022-20457336 PDF
31-03-2021 micro format 25-10-2021 2021-73000552 PDF
31-03-2020 micro format 12-10-2020 2020-61000589 PDF
31-03-2019 micro format 28-10-2019 2019-71700366 PDF
31-03-2018 micro format 09-10-2018 2018-69000358 PDF
31-03-2017 micro format 29-09-2017 2017-64900181 PDF

Show all 20 filings

Board & ownership

Directors

Directors
1 director, no change since 2023
Jean Louis FRAIKIN
Director (not named in the articles) · in office according to the act of 29-11-2023 · earlier manager, until 29-11-2023 · term without a fixed end · listed in the 2026 annual accounts, filed on 05-10-2026
Current
Office holders in the KBO →

Owners and capital

Capital transactions

Capital over time
  1. 29-11-2023 Converted to unavailable equity

Mandate history

1 person, 1 in office
Show
  • Board
  • began earlier
Mandates per person, with start and end dates
Name Functions and periods
Jean Louis FRAIKIN
  • Manager, until 29-11-2023
  • Director (not named in the articles), since before 29-11-2023
See the board, name and registered office on a given date →

Network & group

STUDIES & DEVELOPMENT shares no director with another company.

Connections & network

1 current director
Depth

The network starts from the directors of STUDIES & DEVELOPMENT. 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 2027 accounts: 31-10-2027
2026
05-10
NBB filing Annual accounts 2026 filedNBB
micro format · 26 days before the deadline
31-03
Financial Weakest financial yearnet €57,077 ▼29.3%
The net result drops to €57,077, the lowest from 2019 to 2026.
2025
01-10
NBB filing Annual accounts 2025 filedPDF
micro format · 30 days before the deadline
2024
01-10
NBB filing Annual accounts 2024 filedPDF
micro format · 30 days before the deadline
2023
29-11
Gazette deed Resignation: Jean Louis FRAIKIN (manager)
Reappointment: Jean Louis FRAIKIN (director) · Capital conversion · Declaration11 points ▸
  • General meeting, 14-11-2023
  • Other provision, “unanimité, adaptation statuts au CSA et maintien forme SRL” (deed in French)
  • Capital conversion, “compte de capitaux propres statutairement indisponible” (deed in French)
  • Other provision, “unanimité, suppression compte indisponible et distributions futures” (deed in French)
  • Declaration, “avertissement distribution effective, comparant(s)” (deed in French)
  • Amendment of the articles
  • Capital
  • Director resignation, Jean Louis FRAIKIN (manager)
  • Director reappointment, Jean Louis FRAIKIN (director (not named in the articles))
  • Director discharge, Jean Louis FRAIKIN
  • Registered office clause, “4000 Liège,Rue de l'Arbre-Sainte-Barbe,34, unanimité” (deed in French)

Open the act in the Belgian Official Gazette

05-10
NBB filing Annual accounts 2023 filedPDF
micro format · 26 days before the deadline
31-03
Financial Equity above €500,000equity €520,658 ▲6.5%
With a profit in every financial year since 2019, equity grows to €520,658.
2022
10-10
NBB filing Annual accounts 2022 filedPDF
micro format · 21 days before the deadline
2021
25-10
NBB filing Annual accounts 2021 filedPDF
micro format · 6 days before the deadline
2020
12-10
NBB filing Annual accounts 2020 filedPDF
micro format · 19 days before the deadline
2019
28-10
NBB filing Annual accounts 2019 filedPDF
micro format · 3 days before the deadline
2018
09-10
NBB filing Annual accounts 2018 filedPDF
micro format · 22 days before the deadline
2017
29-09
NBB filing Annual accounts 2017 filedPDF
micro format · 32 days before the deadline
2006
01-06
Gazette deed IncorporationPDF

Show all 20 filings

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 22 May 2006, STUDIES & DEVELOPMENT was incorporated.1 Jean Louis FRAIKIN is director of the company according to the act of 29-11-2023.2 Total assets went from €508,598 in 2019 to €634,634 in 2026.3

  1. 1KBO register
  2. 2Belgian Official Gazette, 29-11-2023
  3. 3National Bank, annual accounts 2019 and 2026

Company details

Register details

Identity

KBO record
Name STUDIES & DEVELOPMENT in French
Enterprise number 0881.457.014
Legal form Private limited company
Status Active, normale toestand
Founded 22-05-2006
Entity type Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 29-11-2023 (in French)
Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Région wallonne, sièges administratifs,agences,ateliers,dépôts,succursales en Belgique et étranger par simple décision organe…”
deed of 29-11-2023 (in French)

Registered office and establishments

Registered office Rue de l'Arbre-Sainte-Barbe 34, 4000 Liège, Belgium
Establishment unit STUDIES AND DEVELOPMENT SRL, Rue de l'Arbre-Sainte-Barbe 34, 4000 Liège since 28-09-2006 · unit number 2.156.954.158

Activities

NACEBEL 2025
85532 Education main activity
Codes under NACEBEL 2008
85532 Education main activity
Codes under NACEBEL 2003
80412 main activity
PurposeThe purpose describes the activities the company may carry out under its articles.
“À la fourniture de tous conseils,de toutes études et de toutes prestations en matière aéronautique; À la formation,à l’entraînement et au…”
8 activities
  1. À la fourniture de tous conseils,de toutes études et de toutes prestations en matière aéronautique
  2. À la formation,à l’entraînement et au contrôle de pilotes d’aéronefs et de personnel navigant et de personnel de sol
  3. À l’exploitation de lignes aériennes
  4. À la consultance
  5. À des missions journalistiques,pédagogiques ou éducatives
  6. Au développement,à la commercialisation et à l’essor de marketing lié à l’aéronautique
  7. À des missions de représentation et de démonstration commerciales,ainsi qu’à l’organisation de cours et d’ateliers relatifs au domaine aérien
  8. À l’organisation d’événementiel et d’activités touristiques
deed of 29-11-2023 (in French)

Invoicing and payment

VAT number BE 0881.457.014
E-invoicing via Peppol
Reachable via Peppol
Peppol ID 0208:0881457014
Registered 20-11-2020

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

Register as of 3 November 2026 · Peppol Directory

Financial year and general meeting

Accounts at the NBB
Financial year end 31-03
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Last Friday of September at 20:00
deed of 29-11-2023 (in French)

Sites & property

Location
registered office establishment The establishment unit on the map

Buildings and parcels at the address

Ground area
365 m²
Building footprint
59 m²
Building volume
410 m³
Cadastral parcel Region Area Buildings Height / floors
62087A0157/00K005 Wallonia 365 m² 1 · 59 m² 9.4 m · 2

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