STUDIO PHARMA
InactiveInactive since 02-05-2026; last annual accounts for fiscal year 2024.
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
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 22-06-2026, 39 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
39 d early
2024
73 d early
2023
14 d early
2022
41 d early
2021
18 d early
2020
16 d early
2019
32 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 33 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date How is the Business and other management consultancy sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2024, abbreviated schema
Equity
€814,971▼ 37.3%
2023 · €1.3m
Total assets
€918,815▼ 47.6%
2023 · €1.8m
Net result
€694,614▲ 83.5%
2023 · €378,479
Working capital
€755,996▼ 33.8%
2023 · €1.1m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€285,724▲ 18.4%€289,681▲ 1.4%€447,967▲ 54.6%€561,956▲ 25.4%€686,637▲ 22.2%
Net result€201,164above the sector's middle half▲ 24.5%€206,506above the sector's middle half▲ 2.7%€307,508above the sector's middle half▲ 48.9%€378,479above the sector's middle half▲ 23.1%€694,614above the sector's middle half▲ 83.5%
Equity€701,356above the sector's middle half▲ 33.6%€827,407above the sector's middle half▲ 18.0%€1.0mabove the sector's middle half▲ 21.0%€1.3mabove the sector's middle half▲ 29.7%€814,971within the sector's middle half▼ 37.3%
Total assets€1.2mabove the sector's middle half▲ 84.5%€1.3mabove the sector's middle half▲ 8.4%€1.5mabove the sector's middle half▲ 15.3%€1.8mabove the sector's middle half▲ 17.7%€918,815within the sector's middle half▼ 47.6%
Debt€490,335▲ 306%€463,847▼ 5.4%€487,435▲ 5.1%€453,974▼ 6.9%€103,845▼ 77.1%
Working capital€574,682above the sector's middle half▲ 35.2%€701,200above the sector's middle half▲ 22.0%€878,537above the sector's middle half▲ 25.3%€1.1mabove the sector's middle half▲ 30.0%€755,996above the sector's middle half▼ 33.8%
Solvency58.9%within the sector's middle half▼ 22.4pp64.1%within the sector's middle half▲ 5.2pp67.3%within the sector's middle half▲ 3.2pp74.1%within the sector's middle half▲ 6.8pp88.7%above the sector's middle half▲ 14.6pp
Current ratio5.64above the sector's middle half▲ 1.136.73above the sector's middle half▲ 1.096.12above the sector's middle half▼ 0.618.00above the sector's middle half▲ 1.878.28above the sector's middle half▲ 0.28
Return on assets (ROA)16.9%within the sector's middle half▼ 8.1pp16.0%within the sector's middle half▼ 0.9pp20.7%within the sector's middle half▲ 4.7pp21.6%within the sector's middle half▲ 0.9pp75.6%above the sector's middle half▲ 54.0pp
Staff (FTE)2.3above the sector's middle half▲ 43.8%3.5▲ 52.2%3.4▼ 2.9%3.9▲ 14.7%5above the sector's middle half▲ 28.2%
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Why a figure moved sharply
- 2024 Net result +84% on 2023. The accounts now follow the abbreviated schema, last year the micro schema.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2024 is 22% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €918,815
Fixed assets
€58,975 ▼ 86.8%
Current assets
€859,840 ▼ 34.1%
Equity and liabilities €918,815
Equity
€814,971 ▼ 37.3%
Debt
€103,845 ▼ 77.1%
Debt's share of the balance-sheet total falls from 25.9% to 11.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
€708,595▲
2023 · €595,740
Cash flow
€716,572▲
2023 · €412,262
Debt to equity
0.13▼
2023 · 0.35
ROE
85.2%▲
2023 · 29.1%
Interest coverage
100.17▲
2023 · 86.68
Debt ≤ 1 year
€103,845▼
2023 · €163,202
Debt > 1 year
€0▼
2023 · €289,572
Income taxes
€182,556▼
2023 · €184,526
Staff costs
€368,451▲
2023 · €317,931
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €215,184 | €298,132 | €317,931 | €368,451 | ▲ 15.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €29,135 | €34,164 | €32,403 | €33,784 | €21,958 | ▼ 35.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €0 | - | - | - | - |
| Other operating charges640/8 | - | €3,937 | €4,764 | €4,201 | €5,513 | ▲ 31.2% |
| Gross operating margin9900 | €496,754 | €542,967 | €783,266 | €917,872 | €1.1m | ▲ 17.9% |
| Operating profit (loss)9901 | €285,724 | €289,681 | €447,967 | €561,956 | €686,637 | ▲ 22.2% |
| Financial income75/76B | - | €13,025 | €10,670 | €7,921 | €197,606 | ▲ 2,395% |
| Recurring financial income75 | €4,146 | €13,025 | €10,670 | €7,921 | €197,606 | ▲ 2,395% |
| Financial charges65/66B | - | €6,633 | €5,921 | €6,873 | €7,074 | ▲ 2.9% |
| Recurring financial charges65 | €4,955 | €6,633 | €5,921 | €6,873 | €7,074 | ▲ 2.9% |
| Profit (loss) for the period before taxes9903 | €284,915 | €296,073 | €452,716 | €563,004 | €877,170 | ▲ 55.8% |
| Income taxes67/77 | €83,751 | €89,567 | €145,208 | €184,526 | €182,556 | ▼ 1.1% |
| Profit (loss) for the period9904 | €201,164 | €206,506 | €307,508 | €378,479 | €694,614 | ▲ 83.5% |
| Transfer from tax-exempt reserves789 | - | - | €35,600 | €77,700 | €42,100 | ▼ 45.8% |
| Transfer to tax-exempt reserves689 | - | €42,100 | €42,100 | €42,100 | €42,100 | = |
| Profit (loss) for the period to be appropriated9905 | €159,064 | €164,406 | €301,008 | €414,079 | €694,614 | ▲ 67.7% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.2m | €1.3m | €1.5m | €1.8m | €918,815 | ▼ 47.6% |
| Fixed assets21/28 | €493,264 | €467,706 | €438,936 | €448,065 | €58,975 | ▼ 86.8% |
| Intangible fixed assets21 | €0 | - | - | - | - | - |
| Tangible fixed assets22/27 | €493,264 | €467,606 | €438,836 | €447,965 | €58,875 | ▼ 86.9% |
| Land and buildings22 | - | €411,022 | €394,777 | €378,532 | €0 | ▼ 100% |
| Plant, machinery and equipment23 | - | €643 | €473 | €303 | €2,092 | ▲ 591% |
| Furniture and vehicles24 | - | €11,082 | €10,244 | €44,480 | €42,004 | ▼ 5.6% |
| Other tangible fixed assets26 | - | €44,860 | €33,342 | €24,650 | €14,779 | ▼ 40.0% |
| Financial fixed assets28 | - | €100 | €100 | €100 | €100 | = |
| Current assets29/58 | €698,427 | €823,548 | €1.0m | €1.3m | €859,840 | ▼ 34.1% |
| Amounts receivable within one year40/41 | €96,796 | €147,078 | €169,655 | €240,477 | €197,737 | ▼ 17.8% |
| Trade receivables40 | - | €147,078 | €169,558 | €240,477 | €197,604 | ▼ 17.8% |
| Other amounts receivable41 | - | - | €97 | €0 | €133 | - |
| Current investments50/53 | €323,192 | €452,568 | €661,393 | €949,779 | €502,686 | ▼ 47.1% |
| Cash at bank and in hand54/58 | €274,234 | €220,308 | €214,951 | €109,011 | €146,676 | ▲ 34.6% |
| Deferred charges and accrued income490/1 | - | €3,594 | €3,985 | €5,826 | €12,742 | ▲ 119% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.2m | €1.3m | €1.5m | €1.8m | €918,815 | ▼ 47.6% |
| Equity10/15 | €701,356 | €827,407 | €1.0m | €1.3m | €814,971 | ▼ 37.3% |
| Contributions10/11 | - | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €688,956 | €815,007 | €989,085 | €1.3m | €802,571 | ▼ 37.6% |
| Tax-exempt reserves132 | - | €155,400 | €161,900 | €126,300 | €126,300 | = |
| Distributable reserves133 | - | €659,607 | €827,185 | €1.2m | €676,271 | ▼ 41.7% |
| Profit (loss) carried forward14 | - | €0 | €0 | €0 | €0 | - |
| Amounts payable17/49 | €490,335 | €463,847 | €487,435 | €453,974 | €103,845 | ▼ 77.1% |
| Amounts payable after more than one year17 | €365,212 | €340,299 | €315,087 | €289,572 | €0 | ▼ 100% |
| Financial debts170/4 | - | €340,299 | €315,087 | €289,572 | €0 | ▼ 100% |
| Amounts payable within one year42/48 | €123,745 | €122,347 | €171,448 | €163,202 | €103,845 | ▼ 36.4% |
| Current portion of amounts payable after more than one year42 | - | €24,913 | €25,212 | €25,515 | €0 | ▼ 100% |
| Trade debts44 | €5,074 | €30,884 | €28,649 | €41,567 | €28,988 | ▼ 30.3% |
| Suppliers440/4 | - | €30,884 | €28,649 | €41,567 | €28,988 | ▼ 30.3% |
| Taxes, remuneration and social security45 | - | €46,738 | €71,213 | €56,862 | €42,556 | ▼ 25.2% |
| Taxes450/3 | - | €21,804 | €41,754 | €29,355 | €7,714 | ▼ 73.7% |
| Remuneration and social security454/9 | - | €24,935 | €29,459 | €27,507 | €34,842 | ▲ 26.7% |
| Other amounts payable47/48 | - | €19,812 | €46,374 | €39,259 | €32,300 | ▼ 17.7% |
| Accrued charges and deferred income492/3 | - | €1,200 | €900 | €1,200 | €0 | ▼ 100% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €201,164 | €206,506 | €307,508 | €378,479 | €694,614 | ▲ 83.5% |
| + Depreciation and write-downs630 | €29,135 | €34,164 | €32,403 | €33,784 | €21,958 | ▼ 35.0% |
| Operating cash flow (approximation) | €230,299 | €240,670 | €339,910 | €412,262 | €716,572 | ▲ 73.8% |
| Investment in fixed assets (approximation) | - | -€8,606 | -€3,633 | -€42,912 | €367,131 | ▲ 956% |
| Change in cash | - | -€53,926 | -€5,357 | -€105,940 | €37,665 | ▲ 136% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
22-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
18-02
State Gazette act
RestructuringMerger · Accounting effect · Power of attorney5 facts ▸
State Gazette act
Restructuring
Merger · Accounting effect · Power of attorney5 facts ▸
- Board meeting, 15-01-2026
- Merger, sister merger by absorption
- Merger, sister merger by absorption
- Accounting effect, 01-01-2026
- Power of attorney, In2pharma NV
2025
19-05
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Highest result since 2018net €694,614 ▲83.5%
Operating result €686,637, net result €694,614, both a record.
17-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
20-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €1mEq €1.0m ▲21%
5 profitable years in a row build equity to €1.0m.
13-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
15-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
29-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Equity above €500,000Eq €524,931 ▲19.4%
2 profitable years in a row build equity to €524,931.
26-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
21-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
22-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 4 acts read
About the unread acts
Of the 4 Belgian State Gazette acts we know for this company, 1 has been read. The other 3 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Aalter
Ground area
2,628 m²
Building footprint
206 m²
Volume, LiDAR
1,113 m³
Parcel 44055A1207/00F000, Flanders · tallest building 9.9 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44055A1207/00F000 | Flanders | 2,628 m² | 1 · 206 m² | 9.9 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Structure & network
Connections & network
No current directors or connected companies found in the register.
Acquisitions and mergers
1 transactionTaken over by:In2pharma NV
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 2,985 EUR awarded · 2,985 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 2,985 EUR | 2,985 EUR |
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Of 82,646 companies in sector 70200 we hold annual accounts for 52,627. 30,058 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded05-09-2006
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
73300Public relations and communication consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0883309219
The company is no longer active; its Peppol card can remain until its access point withdraws it.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.