Studio S (0892.275.977): annual accounts, directors and company register

Studio S

Bruges ·KBO/BCE: BE 0892.275.977

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%

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%

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008
Balance sheet: assets
Total assets`20/58`	199,056	199,056	199,056	199,083	199,415	199,110	199,495	270,763	310,040	226,490	223,243	209,917	210,133	204,918	206,543	208,282	220,703	198,526
Fixed assets`21/28`	-	-	-	-	-	-	-	352	705	14,270	17,842	17,227	16,126	19,781	32,072	51,430	75,990	98,219
Intangible fixed assets`21`	-	-	-	-	-	-	-	-	-	-	-	-	2,679	6,250	9,821	13,393	16,964	20,536
Tangible fixed assets`22/27`	-	-	-	-	-	-	-	352	705	14,240	17,812	17,197	13,417	13,501	22,220	38,007	58,996	77,684
Plant, machinery and equipment`23`	-	-	-	-	-	-	-	352	705	9,303	13,650	11,274	11,728	11,249	6,855	2,155	2,657	857
Furniture and vehicles`24`	-	-	-	-	-	-	-	-	-	-	563	1,126	1,689	2,252	15,365	35,852	56,339	76,826
Other tangible fixed assets`26`	-	-	-	-	-	-	-	-	-	4,937	3,598	4,798	-	-	-	-	-	-
Financial fixed assets`28`	-	-	-	-	-	-	-	-	-	30	30	30	30	30	30	30	30	-
Current assets`29/58`	199,056	199,056	199,056	199,083	199,415	199,110	199,495	270,411	309,335	212,220	205,402	192,690	194,007	185,137	174,472	156,852	144,713	100,306
Amounts receivable after more than one year`29`	183,470	183,470	183,470	183,470	183,470	183,470	183,470	214,970	155,000	155,000	-	-	-	-	-	-	-	-
Other amounts receivable`291`	183,470	183,470	183,470	183,470	183,470	183,470	183,470	214,970	155,000	155,000	-	-	-	-	-	-	-	-
Stocks and contracts in progress`3`	-	-	-	-	-	-	-	-	-	7,861	12,412	8,207	8,951	9,310	11,797	13,369	11,935	9,150
Stocks`30/36`	-	-	-	-	-	-	-	-	-	7,861	12,412	8,207	8,951	9,310	11,797	13,369	11,935	9,150
Amounts receivable within one year`40/41`	15,586	15,586	15,586	15,586	15,586	15,586	15,995	19,738	67,008	18,261	165,204	153,083	156,755	157,471	141,169	126,479	113,379	77,048
Trade receivables`40`	15,586	15,586	15,586	15,586	15,586	15,586	15,586	19,320	2,346	11,862	16,378	13,265	22,876	20,100	11,261	5,869	12,465	20,263
Other amounts receivable`41`	-	-	-	-	-	-	408	418	64,662	6,400	148,826	139,818	133,879	137,371	129,908	120,610	100,914	56,785
Cash at bank and in hand`54/58`	-	-	-	26	358	54	31	35,703	87,327	30,541	24,848	28,373	25,980	18,356	21,505	17,004	19,399	14,108
Deferred charges and accrued income`490/1`	-	-	-	-	-	-	-	-	-	557	2,939	3,027	2,321	-	-	-	-	-
Balance sheet: equity and liabilities
Total equity and liabilities`10/49`	199,056	199,056	199,056	199,083	199,415	199,110	199,495	270,763	310,040	226,490	223,243	209,917	210,133	204,918	206,543	208,282	220,703	198,526
Equity`10/15`	179,438	175,437	179,789	183,268	185,621	187,331	196,042	198,499	226,210	113,333	140,700	120,026	98,994	70,450	60,197	36,656	13,287	11,293
Contributions`10/11`	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200	6,200
Issued capital`100`	-	-	-	-	-	-	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600	18,600
Uncalled capital`101`	-	-	-	-	-	-	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400	12,400
Reserves`13`	114,737	114,737	114,737	114,737	114,737	114,737	114,737	114,737	114,737	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860
Non-distributable reserves`130/1`	1,860	1,860	1,860	1,860	1,860	1,860	-	-	-	-	-	-	-	-	-	-	-	-
Legal reserve`130`	-	-	-	-	-	-	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860	1,860
Reserves not available under the articles`1311`	1,860	1,860	1,860	1,860	1,860	1,860	-	-	-	-	-	-	-	-	-	-	-	-
Distributable reserves`133`	112,877	112,877	112,877	112,877	112,877	112,877	112,877	112,877	112,877	-	-	-	-	-	-	-	-	-
Profit (loss) carried forward`14`	58,501	54,501	58,853	62,332	64,684	66,394	75,105	77,562	105,273	105,273	132,640	111,966	90,934	62,390	52,137	28,596	5,227	3,233
Provisions and deferred taxes`16`	-	-	-	-	-	-	-	-	-	-	24,000	24,000	-	-	-	-	-	-
Provisions for liabilities and charges`160/5`	-	-	-	-	-	-	-	-	-	-	24,000	24,000	-	-	-	-	-	-
Amounts payable`17/49`	19,618	23,619	19,267	15,814	13,794	11,779	3,454	72,264	83,830	113,157	58,543	65,891	111,139	134,468	146,346	171,626	207,416	187,233
Amounts payable after more than one year`17`	-	-	-	-	-	-	-	-	-	46,000	-	-	-	19,215	39,108	57,936	75,771	92,657
Financial debts`170/4`	-	-	-	-	-	-	-	-	-	46,000	-	-	-	19,215	39,108	57,936	75,771	92,657
Amounts payable within one year`42/48`	19,618	23,619	19,267	15,814	13,794	11,779	3,454	72,264	83,830	67,157	58,543	65,891	111,139	115,253	107,238	113,690	131,645	94,575
Current portion of amounts payable after more than one year`42`	-	-	-	-	-	-	-	-	2,008	4,945	2,000	2,047	21,262	23,839	22,507	22,493	18,604	17,713
Trade debts`44`	0	358	238	2,105	2,393	1,935	3,407	1,240	6,949	43,104	44,025	45,870	73,450	75,700	69,470	70,942	79,866	62,117
Suppliers`440/4`	0	358	238	2,105	2,393	1,935	3,407	1,240	6,949	43,104	44,025	45,870	73,450	75,700	69,470	70,942	79,866	62,117
Advances received on contracts in progress`46`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	60	60	60
Taxes, remuneration and social security`45`	-	-	-	-	-	-	-	65,651	66,763	17,688	12,518	17,527	15,967	15,350	14,929	20,051	30,758	14,519
Taxes`450/3`	-	-	-	-	-	-	-	65,651	65,154	1,803	2,204	8,239	7,844	8,345	8,310	14,158	13,850	1,725
Remuneration and social security`454/9`	-	-	-	-	-	-	-	-	1,609	15,885	10,315	9,288	8,123	7,005	6,619	5,893	16,908	12,794
Other amounts payable`47/48`	19,618	23,261	19,029	13,709	11,401	9,845	47	5,373	8,110	1,419	-	447	460	365	331	144	2,357	166
Income statement
Turnover`70`	-	-	-	-	-	-	-	-	-	-	-	-	-	423,627	453,978	433,906	-	-
Non-recurring operating income`76A`	-	-	-	-	-	-	-	-	224,758	-	-	-	1,270	-	-	12,500	-	-
Gross operating margin`9900`	-1,459	-9,753	-8,785	-7,923	-7,260	-14,260	-7,889	-29,256	273,623	86,855	162,425	205,704	198,760	145,616	164,546	140,880	151,773	160,271
Goods, raw materials, services and sundry goods`60/61`	-	-	-	-	-	-	-	-	-	-	-	-	-	285,114	291,469	295,118	-	-
Remuneration, social security and pensions`62`	-	-	-	-	-	-	-	4,574	87,150	131,239	130,393	149,076	150,889	105,379	103,829	81,955	120,226	110,500
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets`630`	-	-	-	-	-	-	-	352	352	8,025	8,523	9,374	8,679	23,327	26,299	24,911	24,794	30,359
Provisions for liabilities and charges: additions (uses and reversals)`635/8`	-	-	-	-	-	-	-	-	-	-42,000	-	24,000	-	-	-	-	-	-
Other operating charges`640/8`	528	543	559	232	171	169	222	492	609	1,465	1,052	4,269	4,501	3,968	4,134	10,187	867	4,152
Non-recurring operating charges`66A`	-	-	-	-	-	-	-	-	-	-	3,860	-	-	1,795	-	-	-	-
Operating profit (loss)`9901`	-1,986	-10,296	-9,345	-8,155	-7,431	-14,429	-8,111	-34,674	185,512	-11,874	22,457	18,985	34,691	12,942	30,284	23,827	5,885	15,260
Financial income`75/76B`	5,944	5,944	5,944	5,944	5,944	5,944	6,652	7,729	4,456	2,990	12,535	12,910	12,676	13,033	10,387	9,131	7,361	2,826
Recurring financial income`75`	5,944	5,944	5,944	5,944	5,944	5,944	6,652	7,729	3,406	2,990	12,535	12,910	12,676	13,033	10,387	9,131	7,361	2,826
Non-recurring financial income`76B`	-	-	-	-	-	-	-	-	1,050	-	-	-	-	-	-	-	-	-
Financial charges`65/66B`	-44	0	78	141	223	226	999	766	5,938	5,021	4,019	4,377	6,249	6,993	8,597	10,879	11,252	12,993
Recurring financial charges`65`	-44	0	78	141	223	226	509	766	5,081	4,159	4,019	4,377	6,249	6,993	8,597	10,879	11,252	12,993
Non-recurring financial charges`66B`	-	-	-	-	-	-	490	-	857	862	-	-	-	-	-	-	-	-
Profit (loss) for the period before taxes`9903`	4,001	-4,352	-3,479	-2,352	-1,710	-8,711	-2,457	-27,711	184,031	-13,905	27,113	27,518	42,389	17,187	32,074	34,579	1,994	5,093
Income taxes`67/77`	-	-	-	-	-	-	-	-	71,154	-	6,438	4,086	13,845	6,934	8,533	11,210	-	-
Profit (loss) for the period`9904`	4,001	-4,352	-3,479	-2,352	-1,710	-8,711	-2,457	-27,711	112,877	-13,905	20,674	23,432	28,544	10,253	23,541	23,369	1,994	5,093
Profit (loss) for the period to be appropriated`9905`	4,001	-4,352	-3,479	-2,352	-1,710	-8,711	-2,457	-27,711	112,877	-13,905	20,674	23,432	28,544	10,253	23,541	23,369	1,994	5,093
Appropriation of the result
Profit (loss) to be appropriated`9906`	58,501	54,501	58,853	62,332	64,684	66,394	75,105	77,562	218,150	105,273	132,640	114,366	90,934	62,390	52,137	28,596	5,227	5,093
Profit (loss) brought forward from the previous period`14P`	54,501	58,853	62,332	64,684	66,394	-	-	-	-	-	-	-	-	-	-	-	-	-
Transfer to equity`691/2`	-	-	-	-	-	-	-	-	112,877	-	-	-	-	-	-	-	-	1,860
To the legal reserve`6920`	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1,860
To other reserves`6921`	-	-	-	-	-	-	-	-	112,877	-	-	-	-	-	-	-	-	-
Profit to be distributed`694/7`	-	-	-	-	-	-	-	-	-	-	-	2,400	-	-	-	-	-	-
Directors or managers`695`	-	-	-	-	-	-	-	-	-	-	-	2,400	-	-	-	-	-	-
Social balance sheet
Average staff (FTE)`9087`	-	-	-	-	-	-	-	-	4.1	5.8	4	4	4	4.2	4.5	4.1	5.5	4.6
Hours worked`1013`	-	-	-	-	-	-	-	-	5,364	6,997	6,031	6,195	5,745	4,721	4,601	4,232	7,127	6,848
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Financial year	Type	Filed	Reference	Document
31-12-2025	micro format	17-07-2026	2026-00314554	PDF
31-12-2024	micro format	04-07-2025	2025-00245362	PDF
31-12-2023	micro format	09-07-2024	2024-00230287	PDF
31-12-2022	micro format	30-06-2023	2023-00190172	PDF
31-12-2021	micro format	13-07-2022	2022-20191905	PDF
31-12-2020	micro format	20-08-2021	2021-50800062	PDF
31-12-2019	micro format	01-10-2020	2020-57800276	PDF
31-12-2018	micro format	21-06-2019	2019-20900288	PDF
31-12-2017	micro format	21-08-2018	2018-48000046	PDF
31-12-2016	micro format	28-07-2017	2017-38200481	PDF
31-12-2015	abbreviated format	26-07-2016	2016-35300475	PDF
31-12-2014	abbreviated format	27-07-2015	2015-34600552	PDF
31-12-2013	abbreviated format	25-07-2014	2014-35000521	PDF
31-12-2012	abbreviated format	14-08-2013	2013-42200481	PDF
31-12-2011	abbreviated format	23-08-2012	2012-43700294	PDF
31-12-2010	abbreviated format	31-08-2011	2011-51100155	PDF
31-12-2009	abbreviated format	31-08-2010	2010-50200230	PDF
31-12-2008	abbreviated format	31-08-2009	2009-71300350	PDF

Line	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008
EBITDA	-	-	-	-	-	-	-	-34,322	185,864	-3,848	30,980	28,359	43,370	36,270	56,583	48,738	30,680	45,619
Cash flow	-	-	-	-	-	-	-	-27,359	113,229	-5,880	29,197	32,806	37,223	33,580	49,840	48,280	26,788	35,452
Investment in fixed assets (approximation)	-	-	-	-	-	-	-	0	1,057	4,454	9,137	10,476	5,023	11,037	6,941	350	2,565	128,578
Change in cash	-	-	-	-332	304	23	-35,672	-51,624	56,786	5,694	-3,525	2,393	7,624	-3,149	4,501	-2,395	5,291	-
Working capital	179,438	175,437	179,789	183,268	185,621	187,331	196,042	198,147	225,505	145,063	146,859	126,799	82,868	69,884	67,234	43,162	13,068	5,731
EBIT margin	-	-	-	-	-	-	-	-	-	-	-	-	-	3.1%	6.7%	5.5%	-	-
Solvency	90.1%	88.1%	90.3%	92.1%	93.1%	94.1%	98.3%	73.3%	73.0%	50.0%	63.0%	57.2%	47.1%	34.4%	29.1%	17.6%	6.0%	5.7%
Current ratio	10.15	8.43	10.33	12.59	14.46	16.90	57.76	3.74	3.69	3.16	3.51	2.92	1.75	1.61	1.63	1.38	1.10	1.06
Quick ratio	10.15	8.43	10.33	12.59	14.46	16.90	57.76	3.74	3.69	3.04	3.30	2.80	1.67	1.53	1.52	1.26	1.01	0.96
Debt to equity	0.11	0.13	0.11	0.09	0.07	0.06	0.02	0.36	0.37	1.00	0.42	0.55	1.12	1.91	2.43	4.68	15.61	16.58
ROE	2.2%	-2.5%	-1.9%	-1.3%	-0.9%	-4.6%	-1.3%	-14.0%	49.9%	-12.3%	14.7%	19.5%	28.8%	14.6%	39.1%	63.8%	15.0%	45.1%
ROA	2.0%	-2.2%	-1.7%	-1.2%	-0.9%	-4.4%	-1.2%	-10.2%	36.4%	-6.1%	9.3%	11.2%	13.6%	5.0%	11.4%	11.2%	0.9%	2.6%
Customer credit	-	-	-	-	-	-	-	-	-	-	-	-	-	17 days	9 days	5 days	-	-
Supplier credit	-	-	-	-	-	-	-	-	-	-	-	-	-	97 days	87 days	88 days	-	-

Establishment	Since	Unit number
Scheepsdalelaan 4 registered office 8000 Bruges
Vismarkt 8 8000 Bruges 56111 Full-service restaurants	20-09-2007	2.165.421.466

Cadastral parcel	Area	Buildings	Height / floors
31808K0738/00Y003	293 m²	1 · 122 m²	14.2 m · 3
31802B1153/00_000 ProtectedTownscape or village viewVismarkt, Huidenvettersplein en Rozenhoedkaai met omgevingSource ↗	154 m²	1 · 150 m²	14.1 m · 4

Overview

Lifetime

Key points

Filings

Checked score

Score breakdown

Comparable companies, two years later

Credit verdict

Signals

Board and ownership

Recent changes

Official details

Annual accounts 2025

Insights on Studio S

Financials

Annual accounts 2025

Money flows

Balance sheet

Change in equityin euro

Change in cash

Staff

Staff cost per FTE

Joined and left

Filed annual accounts

Filings

Key figures and ratios

Insights on Studio S

Board & ownership

Board

Mandates through the years

Control

Capital

Network & group

No group

Timeline

Timeline

History

Company details

Identity

Registered office and establishments

Buildings and parcels at the addresses

Location

Parcels