STUDIO CLAERHOUT
ActiveSummary
STUDIO CLAERHOUT has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.24M and a net result of €38k. Equity is growing by ~2.9% per year across the filed fiscal years. Its solvency ranks better than 95% of 630 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
89
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability73▲+1
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €110k at 30 days acceptable
Liquidity ample (current ratio 25.91 against 7.32 in 2024; short-term debt: 1.7% and cash: 20.9% of total assets), and 1.7% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five 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 74
Relative position
BE, all sectors
reference
Sector 74
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
98.3%
Return on assets
3%
Age of the figures
12 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 16-03-2026, 45 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
45 d early
2024
62 d early
2023
63 d early
2022
10 d early
2021
39 d early
2020
31 d early
2019
45 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€1.24M▲ 2.8%
2024 · €1.20M
2018: €1.01M
2019: €1.06M
2020: €1.07M
2021: €1.11M
2022: €1.14M
2023: €1.17M
2024: €1.20M
2018 → 2025
Total assets
€1.26M▼ 1.7%
2024 · €1.28M
2018: €1.21M
2019: €1.17M
2020: €1.11M
2021: €1.20M
2022: €1.22M
2023: €1.25M
2024: €1.28M
2018 → 2025
Net result
€38k▲ 4.7%
2024 · €36k
2018: €63k
2019: €51k
2020: €12k
2021: €38k
2022: €27k
2023: €32k
2024: €36k
2018 → 2025
Working capital
€519k▲ 10.8%
2024 · €469k
2018: €138k
2019: €204k
2020: €245k
2021: €308k
2022: €355k
2023: €411k
2024: €469k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€1.11M-€1.14M▲ 2.4%€1.17M▲ 2.8%€1.20M▲ 3.1%€1.24M▲ 2.8%
Operating result€52k-€38k▼ 27.4%€38k▼ 1.0%€36k▼ 3.7%€40k▲ 11.0%
Net result€38k-€27k▼ 28.5%€32k▲ 19.0%€36k▲ 12.1%€38k▲ 4.7%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 11% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.26M
Fixed assets
€719k ▼ 2.5%
Current assets
€540k ▼ 0.5%
Equity and liabilities €1.26M
Equity
€1.24M ▲ 2.8%
Debt
€21k ▼ 72.5%
Debt's share of the balance-sheet total falls from 5.9% to 1.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€61k▲
2024 · €59k
Cash flow
€59k▲
2024 · €58k
Current ratio
25.91▲
2024 · 7.32
Debt to equity
0.02▼
2024 · 0.06
ROE
3.1%▲
2024 · 3.0%
ROA
3.0%▲
2024 · 2.8%
Interest coverage
215.34▼
2024 · 231.12
Debt ≤ 1 year
€21k▼
2024 · €74k
Income taxes
€14k▲
2024 · €13k
Staff costs
€59k▲
2024 · €57k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 51 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.28M€1.26M▼
Fixed assets21/28€738k€719k▼
Tangible fixed assets22/27€738k€719k▼
Land and buildings22€737k€717k▼
Plant, machinery and equipment23€740€2k▲
Current assets29/58€543k€540k▼
Amounts receivable within one year40/41€14k€24k▲
Trade receivables40€14k€24k▲
Other amounts receivable41-€366
Current investments50/53€440k€250k▼
Cash at bank and in hand54/58€88k€264k▲
Deferred charges and accrued income490/1€2k€2k▲
Equity and liabilities
Total equity and liabilities10/49€1.28M€1.26M▼
Equity10/15€1.20M€1.24M▲
Contributions10/11€63k€63k=
Capital10€63k€63k=
Issued capital100€63k€63k=
Revaluation surpluses12€55k€55k=
Reserves13€65k€65k=
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Tax-exempt reserves132€31€31=
Distributable reserves133€59k€59k=
Profit (loss) carried forward14€1.02M€1.05M▲
Amounts payable17/49€76k€21k▼
Amounts payable within one year42/48€74k€21k▼
Trade debts44€61k€3k▼
Suppliers440/4€61k€3k▼
Taxes, remuneration and social security45€13k€13k▲
Taxes450/3€8k€8k▲
Remuneration and social security454/9€5k€5k▲
Other amounts payable47/48-€4k
Accrued charges and deferred income492/3€2k-
Income statement
Code20242025
Remuneration, social security and pensions62€57k€59k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€22k€21k▼
Other operating charges640/8€2k€2k▼
Gross operating margin9900€118k€122k▲
Operating profit (loss)9901€36k€40k▲
Financial income75/76B€13k€11k▼
Recurring financial income75€13k€11k▼
Financial charges65/66B€254€284▲
Recurring financial charges65€254€284▲
Profit (loss) for the period before taxes9903€49k€51k▲
Income taxes67/77€13k€14k▲
Profit (loss) for the period9904€36k€38k▲
Profit (loss) for the period to be appropriated9905€36k€38k▲
Appropriation of the result
Profit (loss) to be appropriated9906€1.02M€1.06M▲
Profit (loss) brought forward from the previous period14P€985k€1.02M▲
Profit to be distributed694/7-€4k
Employees696-€4k
Social balance
Average headcount (FTE)90871.01.0=
The notes to these accounts (7 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
30-03
State Gazette act
Reappointments: Ignace Maenhaut, Pieter Claerhout and Nathalie De CoomanAppointment: Pieter Claerhout (managing director)5 facts ▸
State Gazette act
Reappointments: Ignace Maenhaut, Pieter Claerhout and Nathalie De Cooman
Appointment: Pieter Claerhout (managing director)5 facts ▸
- General meeting, 23 februari 2026
- Director reappointment, Ignace Maenhaut (director)
- Director reappointment, Pieter Claerhout (director)
- Director reappointment, Nathalie De Cooman (director)
- Director appointment, Pieter Claerhout (managing director)
16-03
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
30-09
Financial
Liquidity quadruplescurrent ratio 25.91
Current ratio from 7.32 to 25.91; short-term debt falls from €74k to €21k.
27-02
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
27-02
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
20-04
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
22-03
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-03
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
30-09
Financial
Weakest financial yearnet €12k ▼75.6%
Net result drops to €12k, the lowest in the series; recovery starts the following year.
30-09
Financial
Liquidity triplescurrent ratio 7.91
Current ratio from 2.90 to 7.91; short-term debt falls from €108k to €36k.
16-03
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
26-03
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
19-03
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
25-04
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
under verification, no change since 2026
This board is reconstructed from a single act (26043805). A Gazette act generally publishes only CHANGES, not a full roll call, so directors unchanged since then may be missing here. The KBO register holds the complete list of function holders.
Ignace Maenhaut
CurrentDirector · since 23-02-2026
Nathalie De Cooman
CurrentDirector · since 23-02-2026
Pieter Claerhout
CurrentDirector · since 23-02-2026
23-02-2026
Ignace Maenhaut: Mandate renewed as Director
23-02-2026
Nathalie De Cooman: Mandate renewed as Director
23-02-2026
Pieter Claerhout: Mandate renewed as Director
23-02-2026
Pieter Claerhout: Appointed as Managing director
Location & real-estate footprint
Registered office, Gent · 1 establishment unit since 1990
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.
Sint-Denijslaan 4859000 GentGround area
7,342 m²
Building footprint
2,323 m²
Volume, LiDAR
11,132 m³
2 parcels, Flanders · tallest building 11.8 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
STUDIO CLAERHOUT
since 19902.050.144.587
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44062A0155/00T002 | Flanders | 4,343 m² | 1 · 1,109 m² | 3.0 m |
| 44062A0155/00S002 | Flanders | 2,999 m² | 1 · 1,214 m² | 11.8 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels 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
YVES DE LOBELLE
BE 0473.410.379
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RCA
BE 0874.381.853
Hasselt · Eq €760k
AUTHENTIC VISUAL COMMUNICATION
BE 0421.955.245
Sint-Gillis (bij-Brussel) · Eq €724k
Ardus
BE 0465.524.279
Mechelen · Eq €2.33M
Centre d'Essais horticoles de Wallonie
BE 0421.771.737
Ath · Eq €644k
Of 982 companies in sector 74209 we hold annual accounts for 143. 38 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded05-09-1990
Fiscal year end30-09
Activities, NACEBEL 2025
74201Photography, excluding press photography
74209Other photographic activities
Sources
Crossroads Bank for EnterprisesNational Bank · 34 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.