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Complete company report
Generated 08-08-2026
Active BE 0441.907.848Public limited company

STUDIO CLAERHOUT

Sint-Denijslaan 485 ·9000 Gent, Belgium· 35 yrs active
Sector: NACE 74209 (74209)
Conclusion Checked

The computed 12-month bankruptcy probability of STUDIO CLAERHOUT is 0.1% (very low). 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 43 sector peers (fiscal year 2025). The company has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 8 annual accounts.
Key figures
Equity €1.24M
Net result €38k
Staff (FTE) 1
Better than sector 95%
Snowflake analysis 5 axes · computed by Checked
Health94Profitability15Solvency100Growth52Stability100
72 / 100

Strong profile, led by solvency.

Health 94
Profitability 15
Solvency 100
Growth 52
Stability 100
Bankruptcy probability (12 mo) Checked model v1 · free
0.1% Very low
0%0,5%1,5%4%10%≥25%
Lower-failure-rate sector −Long track record −Annual accounts: healthy financial profile −

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based
0 / 100
Low risk
Trust signals 3 signals
Long-established
Founded in 1990, 35 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad.
Administratively compliant
No FOD Economie strikeouts (UBO, accounts, address, activity).
Administrative Flags 0 events
No administrative flags
Health barometer FY 2025 · computed
94 / 100 Excellent
050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.
Financial overview10 NBB filings
Annual accounts filed on 16-03-2026 with the NBB · fiscal year 2025 · verkort
€0€250k€500k€750k€1.00MOperating result 2021: €52k€52kNet result 2021: €926k€926kOperating result 2022: €38k€38kNet result 2022: €27k€27kOperating result 2023: €38k€38kNet result 2023: €32k€32kOperating result 2024: €36k€36kNet result 2024: €36k€36kOperating result 2025: €40k€40kNet result 2025: €38k€38k20212022202320242025
Operating resultNet result
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing Equity: growth of ~2.9%/year over 8 fiscal years, indicative, assuming unchanged policy.
€1.00M€1.20M€1.40M2026: €1.28M (€1.18M - €1.37M)2027: €1.31M (€1.21M - €1.41M)2028: €1.35M (€1.25M - €1.45M)2018: €1.01M2019: €1.06M2020: €1.07M2021: €1.11M2022: €1.14M2023: €1.17M2024: €1.20M2025: €1.24M20182019202020212022202320242025202620272028
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison
Fiscal year 2025 · NACE 74 · compared within the same schema type (abbreviated schema)
Metric This company Sector median Position in the sector
Solvency 98.3% 47.1%
better than 95% of 43 sector peers
Net result €38k €27k
better than 58% of 43 sector peers
Equity €1.24M €92k
better than 95% of 43 sector peers
Gross operating margin €122k €64k
better than 67% of 43 sector peers
Total assets €1.26M €226k
better than 82% of 43 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
EBITDA
€61k
+4.2% -92% vs sector
Net profit
€38k
+4.7% -71% vs sector
Cash flow
€59k
+0.3% -89% vs sector
Total assets
€1.26M
-1.7% -76% vs sector
Equity
€1.24M
+2.8% -53% vs sector
Working capital
€519k
+10.8% far above sector median
Employees (FTE)
1
0.0% -95% vs sector
Staff costs
€59k
+3.2% -96% vs sector
Income taxes
€14k
+3.9% -80% vs sector
Debt
€21k
-72.5% -99% vs sector
Debt ≤ 1y
€21k
-71.9% -99% vs sector
Debt > 1y
€3k
-92.2% -98% vs sector
Current ratio
25.91
+254.0% far above sector median
Quick ratio
25.91
+254.0% far above sector median
Solvency
98.3%
+4.5% +120% vs sector
Debt / equity
0.02
-73.2% -99% vs sector
ROE
3.1%
+1.9% -79% vs sector
ROA
3.0%
+6.5% -58% vs sector
Interest coverage
215.34
-6.8% far above sector median
Figures by fiscal year
Fiscal year2025
Revenue-
EBITDA€61k
Net profit€38k
Cash flow€59k
Staff costs€59k
Income taxes€14k
Dividends-
Total assets€1.26M
Equity€1.24M
Debt€21k
of which ≤ 1y€21k
of which > 1y-
Working capital€519k
Employees (FTE)1.0
Ratios (computed)
2025
Current ratio25.91
Quick ratio25.91
Working capital ratio41.2%
Solvency98.3%
Debt / equity0.02
Long-term debt ratio-
Interest coverage215.34
Gross margin-
Net margin-
ROA3.0%
ROE3.1%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2025
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2025
Balance sheet, Assets
TOTAL ASSETS 20/58€1.26M
Fixed assets 21/28€719k
Tangible fixed assets 22/27€719k
Current assets 29/58€540k
Amounts receivable within one year 40/41€24k
Investments 50/53€250k
Cash & bank 54/58€264k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€1.26M
Equity 10/15€1.24M
Contributions / capital 10/11€63k
Reserves 13€65k
Accumulated profits (losses) 14€1.05M
Amounts payable 17/49€21k
Amounts payable within one year 42/48€21k
Trade debts payable within one year 44€3k
Income statement
Gross operating margin 9900€122k
Operating result 9901€40k
Financial income 75€11k
Financial charges 65€284
Result before taxes 9903€51k
Income taxes 67/77€14k
Net result for the period 9904€38k
Result to be appropriated 9905€38k
You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.
Directors & mandates 3 directors
Directors derived from a single State Gazette act, under verification
All 3 current directors first appear in the same act (26043805). Founders or capital subscribers may have been counted as directors here; the real board composition is being verified.
Current directors & mandates
  • Nathalie De Cooman
    Director
    State Gazette act 26043805 (30-03-2026)
    Current
    24-02-2015 → present
    3 events
    • 23-02-2026 Mandate renewed· Director
    • 22-02-2021 Mandate renewed· Director
    • 24-02-2015 Mandate renewed· Director
  • Pieter Claerhout
    Director
    State Gazette act 26043805 (30-03-2026)
    Current
    24-02-2015 → present
    6 events
    • 23-02-2026 Mandate renewed· Director
    • 23-02-2026 Appointed· Managing director
    • 22-02-2021 Mandate renewed· Director
    • 22-02-2021 Mandate renewed· Managing director
    • 24-02-2015 Mandate renewed· Director
    • 24-02-2015 Mandate renewed· Managing director
  • Ignace Maenhaut
    Director
    State Gazette act 26043805 (30-03-2026)
    Current
    25-02-2014 → present
    3 events
    • 23-02-2026 Mandate renewed· Director
    • 25-02-2020 Mandate renewed· Director
    • 25-02-2014 Mandate renewed· Director
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.
Legal Structure
NACE primary 74209
Legal form Public limited company(014)
Incorporation05-09-1990
StatusActive
Postal code9000
Establishment units 1 location
STUDIO CLAERHOUT
Sint-Denijslaan 489, 9000 GentFotostudio's en overige fotografische activiteiten
since 19902.050.144.587
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

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.
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.
Updates 16 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2026
30-03-2026
State Gazette act Resignations & appointments
General meeting · Director reappointment · Director appointment
16-03-2026
NBB filing Annual accounts filed
fiscal year 2025 · verkort
2025
27-02-2025
NBB filing Annual accounts filed
fiscal year 2024 · verkort
2024
27-02-2024
NBB filing Annual accounts filed
fiscal year 2023 · verkort
2023
20-04-2023
NBB filing Annual accounts filed
fiscal year 2022 · verkort
2022
22-03-2022
NBB filing Annual accounts filed
fiscal year 2021 · verkort
2021
30-03-2021
NBB filing Annual accounts filed
fiscal year 2020 · verkort
2020
16-03-2020
NBB filing Annual accounts filed
fiscal year 2019 · verkort
2019
26-03-2019
NBB filing Annual accounts filed
fiscal year 2018 · verkort
2018
19-03-2018
NBB filing Annual accounts filed
fiscal year 2017 · verkort
2017
25-04-2017
NBB filing Annual accounts filed
fiscal year 2016 · verkort
Belgisch Staatsblad, acts 6 acts
Address history · 1
31-01-2024
v3.2
All acts · 6 updated 4 months ago
2026
30-03-2026 3 directors appointed Director changes
  • Pieter Claerhout, Gedelegeerd bestuurder
  • Ignace Maenhaut, Gedelegeerd bestuurder
  • Nathalie De Cooman, Gedelegeerd bestuurder
Technical details 
{
  "events": [
    {
      "kind": "director_in",
      "role": "gedelegeerd_bestuurder",
      "person": {
        "rrn": null,
        "name": "Pieter Claerhout",
        "address": null,
        "birth_date": null,
        "profession": null,
        "birth_place": null
      },
      "reason": null,
      "subkind": "additional",
      "via_org": null,
      "statutory": null,
      "compensated": null,
      "effective_date": "2026-02-23",
      "evidence_quote": "De raad van bestuur benoemt de heer Pieter Claerhout tot Gelegeerd bestuurder",
      "decharge_status": null,
      "mandate_duration": {
        "kind": "until_agm_year",
        "value": "2032"
      },
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": "immediate"
    },
    {
      "kind": "director_in",
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        "name": "Ignace Maenhaut",
        "address": null,
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        "profession": null,
        "birth_place": null
      },
      "reason": null,
      "subkind": "additional",
      "via_org": null,
      "statutory": null,
      "compensated": null,
      "effective_date": null,
      "evidence_quote": "De herbenoeming van volgende bestuurders : Ignace Maenhaut",
      "decharge_status": null,
      "mandate_duration": null,
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": null
    },
    {
      "kind": "director_in",
      "role": "gedelegeerd_bestuurder",
      "person": {
        "rrn": null,
        "name": "Nathalie De Cooman",
        "address": null,
        "birth_date": null,
        "profession": null,
        "birth_place": null
      },
      "reason": null,
      "subkind": "additional",
      "via_org": null,
      "statutory": null,
      "compensated": null,
      "effective_date": null,
      "evidence_quote": "De herbenoeming van volgende bestuurders : Nathalie De Cooman",
      "decharge_status": null,
      "mandate_duration": null,
      "rep_rotation_new_rep": null,
      "rep_rotation_old_rep": null,
      "effective_date_qualifier": null
    }
  ],
  "notary": {
    "name": null,
    "firm_city": null,
    "firm_name": null,
    "office_city": null,
    "is_associated": false
  },
  "act_meta": {
    "language": "nl",
    "pub_date": "2026-03-30",
    "filing_date": "2026-03-20",
    "act_kind_objet": "Onderwerp akte:"
  },
  "decisions": [
    {
      "body": "algemene_vergadering",
      "date": "2026-02-23",
      "unanimous": true
    }
  ],
  "is_correction": false,
  "subject_company": {
    "kbo": "0441.907.848",
    "name_full": "Studio Claerhout",
    "legal_form": "naamloze vennootschap"
  },
  "publication_proxy": {
    "kind": null,
    "org_kbo": null,
    "org_name": null,
    "person_name": null,
    "org_rep_person_name": null,
    "person_role_at_subject": null
  },
  "co_filed_documents": [],
  "corrected_publication_numac": null
}
2024
31-01-2024 Registered office moved Registered-office change
Summary: v3.2
Technical details 
{
  "events": [],
  "schema": "v3.2",
  "act_meta": {
    "model_id": 36,
    "extractor": "constrained-core-35b"
  },
  "subject_company": {
    "kbo": "0441.907.848",
    "name_full": "STUDIO CLAERHOUT",
    "legal_form": "NV"
  }
}
2021
27-04-2021 3 reappointed Director changes
  • Pieter Claerhout, Bestuurder
  • Nathalie De Cooman, Bestuurder
  • Pieter Claerhout, Gedelegeerd bestuurder
Summary: v3.2
Technical details 
{
  "events": [
    {
      "kind": "director_renew",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "Pieter Claerhout",
        "address": null,
        "birth_date": null
      },
      "effective_date": "2021-02-22",
      "evidence_quote": "1. De herbenoeming van volgende bestuurders: Pieter Claerhout"
    },
    {
      "kind": "director_renew",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "Nathalie De Cooman",
        "address": null,
        "birth_date": null
      },
      "effective_date": "2021-02-22",
      "evidence_quote": "1. De herbenoeming van volgende bestuurders: Nathalie De Cooman"
    },
    {
      "kind": "director_renew",
      "role": "gedelegeerd_bestuurder",
      "person": {
        "rrn": null,
        "name": "Pieter Claerhout",
        "address": null,
        "birth_date": null
      },
      "effective_date": "2021-02-22",
      "evidence_quote": "2. De herbenoeming van volgende Gedelegeerd Bestuurder: Pieter Claerhout"
    }
  ],
  "schema": "v3.2",
  "act_meta": {
    "model_id": 36,
    "extractor": "constrained-core-35b"
  },
  "subject_company": {
    "kbo": "0441.907.848",
    "name_full": "STUDIO CLAERHOUT",
    "legal_form": "NV"
  }
}
2020
20-10-2020 Ignace Maenhaut reappointed as director Director changes
  • Ignace Maenhaut, Bestuurder
Summary: v3.2
Technical details 
{
  "events": [
    {
      "kind": "director_renew",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "Ignace Maenhaut",
        "address": null,
        "birth_date": null
      },
      "effective_date": "2020-02-25",
      "evidence_quote": "De herbenoeming van Ignace Maenhaut als bestuurder"
    }
  ],
  "schema": "v3.2",
  "act_meta": {
    "model_id": 36,
    "extractor": "constrained-core-35b"
  },
  "subject_company": {
    "kbo": "0441.907.848",
    "name_full": "STUDIO CLAERHOUT",
    "legal_form": "NV"
  }
}
2015
11-05-2015 3 reappointed Director changes
  • Pieter Claerhout, Bestuurder
  • Nathalie De Cooman, Bestuurder
  • Pieter Claerhout, Gedelegeerd bestuurder
Summary: v3.2
Technical details 
{
  "events": [
    {
      "kind": "director_renew",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "Pieter Claerhout",
        "address": null,
        "birth_date": null
      },
      "effective_date": "2015-02-24",
      "evidence_quote": "De herbenoeming van volgende bestuurders: Pieter Claerhout"
    },
    {
      "kind": "director_renew",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "Nathalie De Cooman",
        "address": null,
        "birth_date": null
      },
      "effective_date": "2015-02-24",
      "evidence_quote": "De herbenoeming van volgende bestuurders: Nathalie De Cooman"
    },
    {
      "kind": "director_renew",
      "role": "gedelegeerd_bestuurder",
      "person": {
        "rrn": null,
        "name": "Pieter Claerhout",
        "address": null,
        "birth_date": null
      },
      "effective_date": "2015-02-24",
      "evidence_quote": "de herbenoeming van volgende Gedelegeerd bestuurder: Pieter Claerhout"
    }
  ],
  "schema": "v3.2",
  "act_meta": {
    "model_id": 36,
    "extractor": "constrained-core-35b"
  },
  "subject_company": {
    "kbo": "0441.907.848",
    "name_full": "STUDIO CLAERHOUT",
    "legal_form": "NV"
  }
}
2014
07-04-2014 Ignace Maenhaut reappointed as director Director changes
  • Ignace Maenhaut, Bestuurder
Summary: v3.2
Technical details 
{
  "events": [
    {
      "kind": "director_renew",
      "role": "bestuurder",
      "person": {
        "rrn": null,
        "name": "Ignace Maenhaut",
        "address": null,
        "birth_date": null
      },
      "effective_date": "2014-02-25",
      "evidence_quote": "De herbenoeming van Ignace Maenhaut als bestuurder"
    }
  ],
  "schema": "v3.2",
  "act_meta": {
    "model_id": 36,
    "extractor": "constrained-core-35b"
  },
  "subject_company": {
    "kbo": "0441.907.848",
    "name_full": "STUDIO CLAERHOUT",
    "legal_form": "NV"
  }
}
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Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
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Company registry (CBE) Crossroads Bank
Activities
Activiteiten van fotografen, met uitzondering van persfotografen74201Activiteiten van fotografen, met uitzondering van persfotografen74201Overige fotografische activiteiten74209Overige fotografische activiteiten74209Fotostudio's en overige fotografische activiteiten74811
Primary activity highlighted.
Names & trade names
Legal nameNL STUDIO CLAERHOUT
Registered office
Sint-Denijslaan 485
9000 Gent, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative