Parent and group
- GUMPTION100%
STUDIO EMMA
ActiveSummary
STUDIO EMMA has been active since 2003 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €85,302 and a net result of -€527,308. Equity has been shrinking by about 14% per year since 2018. If that trend continues, it turns negative around financial year 2027. Its solvency ranks better than 19% of 3,395 sector peers (NACE 62, financial year 2025). The computed 12-month bankruptcy probability is 1.4% (low).
Overview
Official details
Source: KBO- Status
- Active since 04-06-2003 Normal situation
- Registered office
- 11 active companies are registered at this address 1 started in the 12 months before. Source: KBO register, as of 3 November 2026.
- Activity
- Computer programming NACE 62100
- Joint committees
- 100 Aanvullend Paritair Comité voor de werklieden
- 200 Aanvullend Paritair Comité voor de bedienden · annual accounts 2025
- Establishment unit
- 2.132.334.073 8310 Brugge, since 07-07-2003
- Financial year end
- 31 December
- Peppol
- Reachable since 21-12-2025
Board and ownership
Board
- Odessa ConsultingManaging director · permanent representative Lien Lemberechts
- Amaso BVDirector · since 03-10-2022 · permanent representative Olivier Leroy
- Gumption NVDirector · since 03-10-2022 · permanent representative Bart Embrechts
Shareholders
- Upsta100%· score 952025 annual accounts of Upsta
- Holdings
- Shares in 1 company CLOUDSTAR
Financial position
- Bankruptcy probabilitywithin 12 months
- 1.4%
Annual accounts 2025
- Gross margin
- €1.8m
- ▼ 3.0%
- Turnover
- ≈ €3.1m
- estimated
- Loss
- €527,308
- ▲ 75.2%
- Equity
- €85,302
- Total assets
- €1.1m
- ▲ 19.6%
- Employees on 31-12-2025
- 22
- ▼ 12.0%
Score breakdownraises riskLoss of €527,308, the second in a row (financial year 2025)Equity €85,302 (7.9% of total assets)lowers riskSector: Computer programming, consultancy and related activities (NACE 62)Liquidity: current ratio 1.02, cash €186,430Show the evidence
Checked score
Score 2025
63
/ 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially stronger than 32% of small companies in computer programming and consultancy (NACE 62)
Financial strength · tick: 2024
Weak
Solvency
33+33
equity 7.9% of total assets
Liquidity
22+5
short-term debt 88.6% · cash 17.3%
Profitability
0=
return on assets -48.9%
Bankruptcy probability within 12 months
1.4%
Low
0%0.5%1.5%4%10%≥ 25%
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 2.0%
01-2025: 2.7%▲ +0.7 percentage points vs 12-2024
02-2025: 4.7%▲ +2.0 percentage points vs 01-2025highest value
03-2025: 4.6%▼ -0.1 percentage points vs 02-2025
04-2025: 4.6%● unchanged vs 03-2025
05-2025: 4.1%▼ -0.5 percentage points vs 04-2025
06-2025: 2.8%▼ -1.3 percentage points vs 05-2025
07-2025: 2.9%▲ +0.1 percentage points vs 06-2025
08-2025: 2.9%● unchanged vs 07-2025
09-2025: 2.9%● unchanged vs 08-2025
10-2025: 2.9%● unchanged vs 09-2025
11-2025: 2.9%● unchanged vs 10-2025
12-2025: 2.9%● unchanged vs 11-2025
01-2026: 2.9%● unchanged vs 12-2025
02-2026: 2.9%● unchanged vs 01-2026
03-2026: 2.8%▼ -0.1 percentage points vs 02-2026
04-2026: 2.8%● unchanged vs 03-2026
05-2026: 2.8%● unchanged vs 04-2026
06-2026: 2.7%▼ -0.1 percentage points vs 05-2026
07-2026: 2.4%▼ -0.3 percentage points vs 06-2026
08-2026: 2.1%▼ -0.3 percentage points vs 07-2026
09-2026: 2.0%▼ -0.1 percentage points vs 08-2026
10-2026: 1.4%▼ -0.6 percentage points vs 09-2026lowest value
11-2026: 1.4%● unchanged vs 10-2026lowest value
Credit of up to €5,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.02 (0.68 in 2024), below the usual 1.5. Short-term debt is 88.6% and cash 17.3% of total assets. 92.1% 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 62, small). It does better than 16% of them on solvency, 16% on liquidity, 4% on profitability and 93% on growth.
The bankruptcy probability was computed on 02-11-2026 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).
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Signals
Six signals.
lowers riskraises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 3395 sector peers (2025).
NBB · sector comparisonPosition among 3395 sector peers
Solvency
better than 19%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 25-06-2026, 36 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
36 days early
2024
43 days early
2023
184 days late
2022
32 days late
2021
3 days early
2020
30 days late
2019
101 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 38 days after the deadline. In the sector (NACE 62), the median for financial year 2024 was 9 days before the deadline, and 33% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 28 July (4 of the last 5 accounts filed within 40 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
03-11-2026 today31-12-2026 year end31-07-2027 deadline
Key points
- Risk: 4 loss-making years in a rowloss in financial year 2025 -€527,308 View
- Caution: Result fell in 2025from -€301,045 to -€527,308 ▼ 75.2% View
- Caution: Lower net result than 95% of companies in computer programming and consultancysector median €23,029 · 3,395 companies -€527,308 View
- Board changedlatest change 29-01-2026 · 3 in office 1 joined · 1 left View
Recent changes
- · Gazette deed Appointment: Odessa Consulting (director)Permanent representatives: Lien Lemberechts, Bart Embrechts and Olivier Leroy
- · Gazette deed Amendment of the articles · Miscellaneous
- · Gazette deed Resignation: De Groene Alp BV (director)Permanent representative: Patrick Vandenbrande
Companies linked to STUDIO EMMA
Comparable companies
These companies have the same main activity as STUDIO EMMA: computer programming (NACE 62100). They are comparable in size and age: total assets between €916,000 and €1.4m, founded between 1998 and 2005.
| Company | Total assets | Gross margin |
|---|---|---|
| STUDIO EMMA Brugge | €1.1m | €1.8m |
| I.S.A.B. Anzegem | €0.9m | €1.4m |
| ZABUN Waregem | €1.4m | €1.5m |
| iDA Kontich | €1.4m | €1.8m |
| CLOUD NINE Boom | €1.2m | €2.1m |
| INVENTIS Oudsbergen | €1.0m | €1.6m |
| PRODUWEB Liège | €1.4m | €1.3m |
Key facts about STUDIO EMMA
- What is the company number of STUDIO EMMA?
- The company number of STUDIO EMMA is 0480.535.129. The VAT number is the same number with BE in front: BE 0480.535.129.
- Where is STUDIO EMMA based?
- The registered office is at Baron Ruzettelaan 3, 8310 Brugge.Company details
- What does STUDIO EMMA do?
- According to the KBO register, the main activity is computer programming (NACE 62100).
- What is the legal form of STUDIO EMMA?
- The legal form of STUDIO EMMA is Private limited company (BV).
- When was STUDIO EMMA founded?
- STUDIO EMMA was founded on 04-06-2003.
- Is STUDIO EMMA still active?
- Yes, STUDIO EMMA is an active enterprise in the KBO register.
- How many employees does STUDIO EMMA have?
- STUDIO EMMA had an average of 23.9 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does STUDIO EMMA fall under?
- In its 2025 annual accounts, STUDIO EMMA states joint committees 100 (Aanvullend Paritair Comité voor de werklieden) and 200 (Aanvullend Paritair Comité voor de bedienden).
- What is the turnover of STUDIO EMMA?
- The turnover in financial year 2025 is ≈ €3.1m. This figure is estimated from the gross margin of €1.8m and 33 comparable companies (NACE 62100). It probably lies between €2.4m and €3.7m.
- Is STUDIO EMMA profitable?
- In financial year 2025, STUDIO EMMA made a loss of €527,308.
- Where can I find the annual accounts of STUDIO EMMA?
- STUDIO EMMA filed 22 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of STUDIO EMMA due?
- STUDIO EMMA must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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