STUDIMMO
ActiveSummary
STUDIMMO has been active since 2000 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €101,131 and a net result of €249. Equity is growing by about 24% per year across the filed financial years. The computed 12-month bankruptcy probability is 1.2% (low).
Overview
- Equity
- €101,131
- Profit
- €249
Why 66raises riskLiquidity: current ratio 2.411 of the last 3 latelowers riskSize: turnover €14,635, total assets €138,757Founded in 2000Show the evidence
Checked score
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 (no NACE code, micro): better than 61% on solvency, 72% on liquidity, 62% on profitability and 55% on growth.
The bankruptcy probability was computed on 24-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 15 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · abbreviated…
- Annual accounts filedfinancial year 2024 · micro…
- Equity above €100,000equity €100,882 ▲2.8%
Financials · financial year 2025, abbreviated format
2020 to 2025, 5 financial years 2018 to 2025, 7 financial years
The operating result falls in 2025; 2025 is 50% below 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
Use the arrow keys on the chart for the figures per year.
Peer companies
Historical observationOf the 17,042 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94.3% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 1.2% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,475 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 17,042 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2018 | 2019 | 2020 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Turnover70 | - | - | - | - | €13,637 | €14,189 | €14,635 | ▲ 3.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,412 | €8,412 | €5,820 | €4,033 | €4,033 | €4,033 | €4,033 | = |
| Gross operating margin9900 | €5 | €1,868 | €83,892 | €5,790 | €4,868 | €6,877 | €5,464 | ▼ 20.6% |
| Operating profit (loss)9901 | -€9,565 | -€6,665 | €76,562 | €1,757 | €835 | €2,844 | €1,431 | ▼ 49.7% |
| Financial charges65/66B | - | - | - | €50 | €59 | €54 | €54 | = |
| Recurring financial charges65 | €48 | €48 | €48 | €50 | €59 | €54 | €54 | = |
| Profit (loss) for the period before taxes9903 | -€17,758 | -€9,793 | €74,554 | €1,708 | €777 | €2,790 | €1,377 | ▼ 50.7% |
| Income taxes67/77 | - | - | - | €1,956 | €194 | €13 | €1,128 | ▲ 86× |
| Profit (loss) for the period9904 | -€17,758 | -€9,793 | €74,554 | -€248 | €582 | €2,777 | €249 | ▼ 91.0% |
| Profit (loss) for the period to be appropriated9905 | -€17,758 | -€9,793 | €74,554 | -€248 | €582 | €2,777 | €249 | ▼ 91.0% |
| Line | 2018 | 2019 | 2020 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €175,224 | €165,373 | €218,284 | €238,580 | €200,708 | €178,515 | €138,757 | ▼ 22.3% |
| Fixed assets21/28 | €170,231 | €161,182 | €102,665 | €60,049 | €56,016 | €51,983 | €47,950 | ▼ 7.8% |
| Intangible fixed assets21 | €170,231 | €161,182 | - | - | - | - | - | - |
| Tangible fixed assets22/27 | - | - | €102,665 | €60,049 | €56,016 | €51,983 | €47,950 | ▼ 7.8% |
| Land and buildings22 | - | - | - | €60,049 | €56,016 | €51,983 | €47,950 | ▼ 7.8% |
| Current assets29/58 | €4,993 | €4,191 | €115,618 | €178,531 | €144,692 | €126,532 | €90,807 | ▼ 28.2% |
| Current investments50/53 | €4,993 | €4,191 | €115,618 | €178,531 | €144,692 | €126,532 | €90,807 | ▼ 28.2% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €175,224 | €165,373 | €218,284 | €238,580 | €200,708 | €178,515 | €138,757 | ▼ 22.3% |
| Equity10/15 | -€36,714 | -€46,507 | €28,047 | €97,522 | €98,105 | €100,882 | €101,131 | ▲ 0.2% |
| Contributions10/11 | €61,500 | €61,500 | €61,500 | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Capital10 | - | - | - | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Issued capital100 | - | - | - | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Reserves13 | - | - | - | €1,814 | €1,814 | €1,814 | €1,814 | = |
| Non-distributable reserves130/1 | - | - | - | €1,814 | €1,814 | €1,814 | €1,814 | = |
| Legal reserve130 | - | - | - | €1,814 | €1,814 | €1,814 | €1,814 | = |
| Profit (loss) carried forward14 | -€98,214 | -€108,007 | -€33,453 | €34,209 | €34,791 | €37,568 | €37,817 | ▲ 0.7% |
| Provisions and deferred taxes16 | €17,237 | €14,305 | - | - | - | - | - | - |
| Amounts payable17/49 | €194,701 | €197,575 | €190,236 | €141,058 | €102,603 | €77,633 | €37,626 | ▼ 51.5% |
| Amounts payable within one year42/48 | €194,701 | €197,575 | €190,236 | €141,058 | €102,603 | €77,633 | €37,626 | ▼ 51.5% |
| Taxes, remuneration and social security45 | - | - | - | €25,411 | €194 | - | €1,128 | - |
| Taxes450/3 | - | - | - | €25,411 | €194 | - | €1,128 | - |
| Other amounts payable47/48 | - | - | - | €115,647 | €102,409 | €77,633 | €36,498 | ▼ 53.0% |
| Line | 2018 | 2019 | 2020 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€17,758 | -€9,793 | €74,554 | -€248 | €582 | €2,777 | €249 | ▼ 91.0% |
| + Depreciation and write-downs630 | €8,412 | €8,412 | €5,820 | €4,033 | €4,033 | €4,033 | €4,033 | = |
| Operating cash flow (approximation) | -€9,346 | -€1,381 | €80,374 | €3,785 | €4,615 | €6,810 | €4,282 | ▼ 37.1% |
| Investment in fixed assets (approximation) | - | €637 | €52,697 | - | €0 | €0 | €0 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 11 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | abbreviated format | 25-07-2026 | 2026-00331045 |
| 31-12-2024 | micro format | 30-07-2025 | 2025-00328597 |
| 31-12-2023 | micro format | 26-09-2024 | 2024-00472393 |
| 31-12-2022 | micro format | 31-07-2023 | 2023-00308161 |
| 31-12-2020 | micro format | 11-06-2021 | 2021-21000511 |
| 31-12-2019 | micro format | 11-11-2020 | 2020-70100576 |
| 31-12-2018 | full format | 02-08-2019 | 2019-43100117 |
| 31-12-2017 | full format | 31-08-2018 | 2018-62100455 |
| 31-12-2016 | full format | 21-06-2017 | 2017-18900257 |
| 31-12-2015 | full format | 01-06-2016 | 2016-14100306 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| ABRAS Roger Emmanuel Joseph Ghislain |
|
| BERGER Josiane Mireille Marthe Ghislaine |
|
| Raymond TONNEAU |
|
Owners and capital
Capital and shareholders
- BERGER Josiane Mireille Marthe Ghislaine actionnaire · 99 shares
- ABRAS Roger Emmanuel Joseph Ghislain actionnaire · 1 share
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
- 24-01-2024 Capital stated in the deed · €61,500 · 100 shares
Group and network
Connections & network
2 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
24-01
Gazette deed
Resignation: Raymond TONNEAU (director)Appointments: BERGER Josiane Mireille Marthe Ghislaine (director) and ABRAS Roger Emmanuel Joseph Ghislain (director) · Shareholding · Amendment of the articles14 facts ▸
- General meeting, 17-11-2023
- Other provision, “constitution et historique, siège transféré vers la Belgique” (deed in French)
- Shareholding, “actionnaire”, 17-11-2023 (deed in French) (2 times)
- Other provision, “régime matrimonial des actionnaires, Damien LE CLERCQ” (deed in French)
- Board composition, BERGER Josiane Mireille Marthe Ghislaine (director)
- Board composition, ABRAS Roger Emmanuel Joseph Ghislain (director)
- Other provision, “titres et majorités, majorités requises par loi ou statuts” (deed in French)
- Amendment of the articles
- Capital, €61,500
- Director resignation, Raymond TONNEAU (director)
- Director appointment, BERGER Josiane Mireille Marthe Ghislaine (director)
- Director appointment, ABRAS Roger Emmanuel Joseph Ghislain (director)
- +2 further facts in this act
Show earlier events
About the unread acts
Of the 2 Belgian Official Gazette deeds we know for this company, 1 has been read. The other one has not been read yet: what they contain is neither established nor disproved here.
Register details
No listing in the Peppol Directory under this enterprise or VAT number. That proves nothing: being listed there is voluntary.
What can you do?
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If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 25 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 92135C0456/00L000 | Wallonia | 3,624 m² | 1 · 234 m² | 4.4 m · 1 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “La gestion de son patrimoine immobilier propre ainsi que toutes opérations industrielles, commerciales ou financières, mobilières ou…” (deed in French)
Text of the purpose (deed in French)
“La gestion de son patrimoine immobilier propre ainsi que toutes opérations industrielles, commerciales ou financières, mobilières ou immobilières se rattachant directement ou indirectement à son objet social ou qui sont de nature à en faciliter l'extension ou le développement.”
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- STUDIMMO
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région wallonne, organe d'administration” (deed in French)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “Article 16: Représentation de la société 1. Tous les actes qui engagent la société, en justice et dans tous les actes, sont valables s'ils…”
- Board ruleHow the board is made up, meets and takes decisions.
- “Gratuit sauf décision contraire, administrateur unique physique/morale” (deed in French)“À l'occasion de chaque nomination, si et dans quelle mesure mandat rémunéré par indemnité fixe ou variable” (deed in French)
Capital, shares and profit
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Expert désigné organe, mutatis mutandis” (deed in French)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Second Thursday of June at 10:00
Oversight and winding up
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Toutes opérations prévues par loi sauf décision contraire assemblée à majorité” (deed in French)1 more provision on this in the deed