Equity
€402,843 from €1.3m in 2012
Equity fell by 69% in 14 years.
STUDIO C
Lifetime
18 annual accounts with figures on one time axis, 32 filings since 1995peak €606,858 (2009)
€72,971▲ 22.6%
peak €226,753 (2009)
€49,612▲ 4.1%
peak €1.3m (2012)
€402,843▲ 5.9%
€65,092▲ 53.4%
peak 6.7 FTE (2014)
-not published
Board3 names since 2021
1 directorChantal De Wever
Owners
Documentsfilings and deeds
27-10-20264 days before the deadline
2026abbreviated format
Gross margin from €59,532 to €72,971Dividend €27,250Debts from €42,446 to €65,092Cash from €321,355 to €28,947
Key points
from the 2026 annual accountsTurnover
≈ €290,000 estimated
The accounts state no turnover.
Position in the sector
79.6%
Higher solvency than 84% of companies in wholesale trade. Sector median 42.5% · 480 companies.
Checked score
95
Excellent
Financially stronger than 63% of micro companies in wholesale trade (NACE 46)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.4% across 26,891 companies (NACE 46, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 03-2025
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: 0.2%▲ +0.1 percentage points vs 09-2025
11-2025: 0.3%▲ +0.1 percentage points vs 10-2025highest value
12-2025: < 0.1%▼ -0.3 percentage points 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 03-2026lowest value
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%▲ +0.1 percentage points vs 10-2026
Financial strengthStrong
Score breakdown
lowers risk
Founded in 1993
Equity €402,843 (79.6% of total assets)
Figures for financial year 2026 (filed on 03-11-2026)
Legal form: public limited company
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 46, micro). It does better than 90% of them on solvency, 61% on liquidity, 46% on profitability and 57% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-03-2026.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
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).
Comparable companies, two years later
In July 2024, 20,137 companies had the same profile as STUDIO C has now. Each dot stands for 51 companies, two years later.
95.1%
were still trading
4.7%
stopped another way
0.2%
went bankrupt
That fits the bankruptcy probability of STUDIO C itself: 0.1% within 12 months.
Test of the method
The method was tested on the 497,447 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.
| 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 20,137 companies, not a prediction for STUDIO C. 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.
Credit verdict
Credit of up to €35,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 7.2 (12.97 in 2025), above the usual 1.5. Short-term debt is 12.9% and cash 5.7% of total assets. 20.4% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
5 signals, none raises the risk
Five signals.
lowers riskneutral
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 27-10-2026, 4 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
4 days early
2025
1 day early
2024
2 days early
2023
on the day
2022
10 days late
2021
3 days late
2020
26 days late
← 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 5 days after the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% 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 30 October (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-03-2027 year end31-10-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0450710203
Company renamed from DELMAC IMMO to STUDIO C
Resignation: Lode Maes (director) · General meeting of 11-10-2023 · Gazette deed
1 director appointed, 1 resignation, 2 reappointments
Resignation: BV Delmac (managing director) · Reappointments: Chantal De Wever (managing director) and Lode Maes · Appointment: Lode Maes (managing director) · General meeting of 04-09-2021 · Gazette deed
First establishment
PROPATH, Stationsstraat 215, Gavere
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| STUDIO C Gavere | €506,165 | €72,971 | 79.6% | - |
| ENVEDERM Lievegem | €558,966 | €63,905 | 3.8% | 0.8 |
| NEW INSTRUPHAR Ghent | €599,845 | €89,622 | 74.2% | - |
| MEDIOOST Antwerp | €434,030 | €81,280 | 97.3% | - |
| CANTAERT MEDICAL Merelbeke-Melle | €521,202 | €120,729 | 77.2% | 1.8 |
| THE FOXY'S Laarne | €407,254 | €61,968 | 46.0% | - |
| JEE - CEE INTERNATIONAL Assenede | €483,424 | €146,778 | 32.1% | - |
These companies have the same main activity as STUDIO C: wholesale of pharmaceutical and medical goods (NACE 46460). They are comparable in size and age: total assets between €407,000 and €600,000, founded between 1989 and 2001.
Official details
Source: KBO- Status
- Active since 12-08-1993Normal situation
- Activity
- Wholesale of pharmaceutical and medical goodsNACE 46460
- Establishment unit
- 2.063.866.6249890 Gavere, since 24-09-1993
- Financial year end
- 31 March
- Peppol
- Reachable since 17-08-2025
Annual accounts to 31-03-2026
- €506,165▲ 9.8%
- Filing
- Filed on 27-10-2026, 4 days before the end of the filing period
Insights on STUDIO C
STUDIO C files the abbreviated format. That format states no turnover. The gross margin fell from €606,858 in 2009 to €72,971 in 2026.
In March 2022, the Official Gazette published the appointment of Chantal De Wever as managing director.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about STUDIO C
- What is the company number of STUDIO C?
- The company number of STUDIO C is 0450.710.203. The VAT number is the same number with BE in front: BE 0450.710.203.
- Where is STUDIO C based?
- The registered office is at Stationsstraat 215, 9890 Gavere.Company details
- What does STUDIO C do?
- According to the KBO register, the main activity is wholesale of pharmaceutical and medical goods (NACE 46460).
- What is the legal form of STUDIO C?
- STUDIO C is a public limited company (NV).
- When was STUDIO C founded?
- STUDIO C was founded on 12-08-1993.
- Is STUDIO C still active?
- Yes, STUDIO C is an active enterprise in the KBO register.
- What is the turnover of STUDIO C?
- The turnover in financial year 2026 is ≈ €290,000. This figure is estimated from the gross margin of €72,971 and 32 comparable companies (NACE 464). It probably lies between €150,000 and €400,000.Financials
- Is STUDIO C profitable?
- In financial year 2026, STUDIO C made a profit of €49,612.
- Where can I find the annual accounts of STUDIO C?
- STUDIO C filed 32 annual accounts with the National Bank of Belgium, the latest for financial year 2026.
- When are the next annual accounts of STUDIO C due?
- STUDIO C must file the annual accounts for financial year 2027 by 31-10-2027.Timeline
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