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STUDIOTECH

Active
Public limited companyfounded 1990active for 36 yearsHoutweg 7, 1130 Brussel, BelgiumKBO/BCE: BE 0439.558.765
Summary

STUDIOTECH has been active since 1990 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €11.9m and a net result of €1.8m. Equity has been growing by about 11% per year since 2018. Its solvency ranks better than 58% of 5,040 sector peers (NACE 47, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).

Overview

Overview

Official details

Source: KBO
Status
Active since 05-01-1990 Normal situation
Activity
Retail sale of electrical household appliances NACE 47540and 1 other
Joint committee
200 Aanvullend Paritair Comité voor de bedienden · annual accounts 2025
Establishment unit
2.047.012.477 1130 Brussel, since 09-02-1990
Financial year end
31 December
Peppol
Reachable

Board and ownership

Board
Auditor
BDO Réviseurs d'Entreprises
Shareholders
  • HOLDTECH KORLATOLT FELELOSSEGU TARSASAGannual accounts 2025
Holdings
Shares in 6 companies including STUDIOTEC MAROC and STUDIOTECH FRANCE

Financial position

94 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
< 0.1%
Annual accounts 2025
Turnover
€15.5m
▼ 29.1%
Profit
€1.8m
▼ 32.8%
Equity
€11.9m
▲ 6.9%
Total assets
€27.4m
▲ 11.9%
Employees on 31-12-2025
23
▲ 4.5%
Score breakdownraises riskSector: Retail trade (NACE 47)lowers riskFounded in 1990Size: turnover €15.5m, 21.3 FTE, total assets €27.4mLiquidity: current ratio 1.93, cash €5.2mShow the evidence

Checked score

Score 2025
94 / 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 49% of small companies in retail trade (NACE 47)
Financial strength · tick: 2024
Average
Solvency 68-2
equity 43.3% of total assets
Liquidity 53+13
short-term debt 43.3% · cash 18.9%
Profitability 50-27
return on assets 6.4%
Bankruptcy probability within 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.4% (3,698 companies, NACE 47, small)
Last 24 months 12-2024: 0.4% 01-2025: 0.4%● unchanged vs 12-2024 02-2025: 0.4%● unchanged vs 01-2025 03-2025: 0.4%● unchanged vs 02-2025 04-2025: 0.4%● unchanged vs 03-2025 05-2025: 0.5%▲ +0.1 percentage points vs 04-2025 06-2025: 0.5%● unchanged vs 05-2025highest value 07-2025: 0.3%▼ -0.2 percentage points vs 06-2025 08-2025: 0.3%● unchanged vs 07-2025 09-2025: 0.3%● unchanged vs 08-2025 10-2025: 0.3%● unchanged vs 09-2025 11-2025: 0.3%● unchanged vs 10-2025 12-2025: 0.3%● unchanged vs 11-2025 01-2026: 0.3%● unchanged vs 12-2025 02-2026: 0.3%● unchanged vs 01-2026 03-2026: 0.3%● unchanged vs 02-2026 04-2026: 0.3%● unchanged vs 03-2026 05-2026: 0.3%● unchanged vs 04-2026 06-2026: 0.4%▲ +0.1 percentage points vs 05-2026 07-2026: 0.1%▼ -0.3 percentage points vs 06-2026 08-2026: 0.1%● unchanged vs 07-2026 09-2026: < 0.1%▼ -0.1 percentage points vs 08-2026lowest value 10-2026: < 0.1%● unchanged vs 09-2026lowest value 11-2026: < 0.1%● unchanged vs 10-2026lowest value
Credit of up to €1,100,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.93 (2.04 in 2024), above the usual 1.5. Short-term debt is 43.3% and cash 18.9% of total assets. However, 56.7% 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 47, small). It does better than 65% of them on solvency, 69% on liquidity, 32% on profitability and 31% on growth.

The bankruptcy probability was computed on 04-11-2026 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.

The probability rests on the annual accounts with balance sheet date 31-12-2025.

Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.

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).

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises riskneutral
lowers risk · Founded in 1990
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
lowers risk · Size: turnover €15.5m, 21.3 FTE, total assets €27.4m
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
lowers risk · Liquidity: current ratio 1.93, cash €5.2m
NBB · annual accounts
raises risk · Sector: Retail trade (NACE 47)
KBO
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 30-06-2026, 31 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
31 days early
2024
44 days early
2023
26 days early
2022
33 days early
2021
27 days early
2020
51 days early
2019
32 days early
← 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 35 days before the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% 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 30 June (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
05-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Financials

Financials · financial year 2025, full format

Annual accounts 2025 filed on 30-06-2026 at the NBB all 36 filings

Turnover
€15.5m▼ 29.1%
2024 · €21.9m
EBIT margin
9.9%▼ 0.8pp
2024 · 10.7%
Net result
€1.8m▼ 32.8%
2024 · €2.6m
Working capital
€11.0m▲ 9.6%
2024 · €10.1m
Multi-year overview
2018 to 2025, 8 financial years
Turnover
€15.5m
▼ 29.1% 2025
20182025
Operating result
€1.5m
▼ 34.3% 2025
20182025
Net result
€1.8m
▼ 32.8% 2025
highest quarter of the sector
20182025
EBIT margin
9.9%
▼ 0.8pp 2025
20182025
Equity
€11.9m
▲ 6.9% 2025
highest quarter of the sector
20182025
Total assets
€27.4m
▲ 11.9% 2025
highest quarter of the sector
20182025
Debt
€15.5m
▲ 16.1% 2025
20182025
Working capital
€11.0m
▲ 9.6% 2025
highest quarter of the sector
20182025
Solvency
43.3%
▼ 2.0pp 2025
middle half of the sector
20182025
Current ratio
1.93
▼ 0.11 2025
middle half of the sector
20182025
Return on assets (ROA)
6.4%
▼ 4.3pp 2025
middle half of the sector
20182025
Staff (FTE)
21.3
▲ 0.5% 2025
highest quarter of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable unfavourable
Line20182019202020212022202320242025
Turnover€25.0m-€16.8m▼ 32.7%€20.8m▲ 23.5%€16.6m▼ 20.4%€15.3m▼ 7.9%€23.0m▲ 51.0%€21.9m▼ 4.9%€15.5m▼ 29.1%
Operating result€0.8m-€1.0m▲ 30.5%€0.3m▼ 66.3%€0.7m▲ 108%€1.9m▲ 180%€1.4m▼ 25.3%€2.3m▲ 63.3%€1.5m▼ 34.3%
Net result€0.3m-€0.4m▲ 32.2%€0.1mabove the sector's middle half▼ 66.7%€0.2mabove the sector's middle half▲ 35.7%€1.3mabove the sector's middle half▲ 643%€0.9mabove the sector's middle half▼ 26.7%€2.6mabove the sector's middle half▲ 177%€1.8mabove the sector's middle half▼ 32.8%
EBIT margin3.0%-5.8%▲ 2.8pp1.6%▼ 4.2pp4.1%▲ 2.6pp12.6%▲ 8.5pp6.2%▼ 6.4pp10.7%▲ 4.5pp9.9%▼ 0.8pp
Equity€5.5m-€5.9m▲ 6.9%€6.1mabove the sector's middle half▲ 2.2%€6.2mabove the sector's middle half▲ 2.9%€7.5mabove the sector's middle half▲ 20.7%€8.5mabove the sector's middle half▲ 12.6%€11.1mabove the sector's middle half▲ 30.9%€11.9mabove the sector's middle half▲ 6.9%
Total assets€30.3m-€29.5m▼ 2.7%€22.5mabove the sector's middle half▼ 23.8%€22.7mabove the sector's middle half▲ 1.0%€25.8mabove the sector's middle half▲ 13.4%€29.0mabove the sector's middle half▲ 12.8%€24.5mabove the sector's middle half▼ 15.7%€27.4mabove the sector's middle half▲ 11.9%
Debt€24.7m-€23.5m▼ 4.9%€16.4m▼ 30.3%€16.4m▲ 0.4%€18.2m▲ 10.7%€20.5m▲ 12.9%€13.4m▼ 35.0%€15.5m▲ 16.1%
Working capital€5.4m-€5.6m▲ 3.8%€4.0mabove the sector's middle half▼ 29.2%€3.6mabove the sector's middle half▼ 10.1%€5.2mabove the sector's middle half▲ 46.6%€5.8mabove the sector's middle half▲ 11.2%€10.1mabove the sector's middle half▲ 72.5%€11.0mabove the sector's middle half▲ 9.6%
Solvency18.3%-20.1%▲ 1.8pp27.0%within the sector's middle half▲ 6.8pp27.4%within the sector's middle half▲ 0.5pp29.2%within the sector's middle half▲ 1.8pp29.2%within the sector's middle half=45.3%within the sector's middle half▲ 16.2pp43.3%within the sector's middle half▼ 2.0pp
Current ratio1.28-1.30▲ 0.021.29within the sector's middle half▼ 0.011.26within the sector's middle half▼ 0.031.34within the sector's middle half▲ 0.081.32within the sector's middle half▼ 0.022.04within the sector's middle half▲ 0.721.93within the sector's middle half▼ 0.11
Return on assets (ROA)1.0%-1.3%▲ 0.3pp0.6%within the sector's middle half▼ 0.7pp0.8%within the sector's middle half▲ 0.2pp5.0%within the sector's middle half▲ 4.3pp3.3%within the sector's middle half▼ 1.8pp10.7%above the sector's middle half▲ 7.4pp6.4%within the sector's middle half▼ 4.3pp
Staff (FTE)32.7-29.7▼ 9.2%23.2above the sector's middle half▼ 21.9%23.5above the sector's middle half▲ 1.3%23.3above the sector's middle half▼ 0.9%22.8above the sector's middle half▼ 2.1%21.2above the sector's middle half▼ 7.0%21.3above the sector's middle half▲ 0.5%
above within below The sector band is the middle half of the companies in Retail trade (NACE 47). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.

The operating result for 2025 is 34% lower than in 2024.

Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €27.4m
Fixed assets €4.5m ▼ 5.5%
Current assets €22.9m ▲ 16.1%
Equity and liabilities €27.4m
Equity €11.9m ▲ 6.9%
Provisions €27,724 ▼ 11.3%
Debt €15.5m ▲ 16.1%
Debt's share of the balance-sheet total rises from 54.6% to 56.6%. Equity and debt are higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€1.7m▼
2024 · €2.6m
Cash flow
€1.9m▼
2024 · €2.9m
Quick ratio
1.66▼
2024 · 1.80
Debt to equity
1.31▲
2024 · 1.20
ROE
14.9%▼
2024 · 23.6%
Interest coverage
1.91▼
2024 · over 100
Debt ≤ 1 year
€11.9m▲
2024 · €9.7m
Income taxes
€213,731▼
2024 · €581,779
Customer credit
324 days▲
2024 · 248 days
Supplier credit
145 days▲
2024 · 100 days
Staff costs
€1.4m▲
2024 · €1.3m
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Staff

social balance sheet
Item31-12-202131-12-202231-12-202331-12-202431-12-2025
Employees at the balance-sheet date2523242223
full-time2321201820
part-time22443
in full-time equivalents24.122.122.420.421.6
Average over the year, in full-time equivalents23.523.322.821.221.3
On a permanent contract2423242223
Joined20111116
Left17131035
Training hours----16

Source: social balance sheet in the 2021 to 2025 annual accounts

Securities and guarantees

on own assets and for others
Item20212022202320242025
Mortgages, amount registered€2.0m€2.0m€2.0m€2.0m€2.0m
Mortgage mandates€1.1m€1.1m€1.1m€1.1m€1.1m
Carrying value of the mortgaged assets€1.1m€1.1m€986,492€917,651€917,651

Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)

Investments

fixed assets acquired
Item20212022202320242025
Tangible fixed assets€766,726€59,353€20,088€55,907€57,384
Intangible fixed assets-€5,000--€1,355
Financial fixed assets-€125,248---
Depreciation and write-downs of the year€386,351€416,138€330,604€243,407€179,961

Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)

Auditor

fees
Item20212022202320242025
Fee for the audit€25,900€29,000€30,000€36,000€38,000

Source: notes to the 2021 to 2025 annual accounts (relations with the auditor)

Public contracts

8 awards · 2023 to 2025
Acquisition de moniteurs informatiques (PC standards, gaming et tactiles) au profit de la RTBF: POE2025.009 - 1
buyer: RADIO-TELEVISION BELGE DE LA COMMUNAUTE FRANCAISEOffice and computing machineryawarded 08-07-2025€160,7003 tendersTED 450946-2025
Systèmes robotiques pour caméras Studio: POE2024.096 - 2 : Lot 2 : Systèmes robotiques légers pour caméra
buyer: RADIO-TELEVISION BELGE DE LA COMMUNAUTE FRANCAISERadio, television and communication equipmentawarded 01-04-2025€3.1m4 tendersTED 656786-2025
Fourniture et intégration des technologies TV et Radio dans le cadre du déménagement de BX1 dans son nouveau bâtiment
buyer: BX1Installation servicesawarded 13-03-2025€1.3m2 tendersTED 227549-2025
Fourniture et intégration des technologies TV et Radio dans le cadre du déménagement de BX1 dans son nouveau bâtiment: Solutions intégrées MAM, NRCS, Ingest, Playout Radio
buyer: BX1Installation servicesawarded 13-03-2025€654,2143 tendersTED 227549-2025
Acquisition d’une infrastructure de réceptions satellites (3 lots): POE2024.039 - 1
buyer: RADIO-TELEVISION BELGE DE LA COMMUNAUTE FRANCAISERadio, television and communication equipmentawarded 30-10-2024€90,0003 tendersTED 56862-2025
Show 3 more contracts
un accord-cadre pluriannuel de fourniture relatif à l’acquisition, la livraison, l’installation et l’entretien de matériel audio et vidéo dans les locaux d’audition au profit de la Police Intégrée et de l’inspection générale de la police sur base de la loi du 17 juin 2016
buyer: Federale PolitieRadio, television and communication equipmentpublished 29-01-2024€456,4519 tendersTED 59085-2024
Oproep tot aanvraag tot deelneming - 4G Contributie Nieuws
buyer: De Vlaamse Radio en TelevisieomroepOffice and computing machineryawarded 28-12-2023€137,3723 tendersTED 14219-2024
Fourniture de mobilier spécialisé pour l’aménagement des studios d’enregistrement, au sein des différents bâtiments de la RTBF
buyer: RADIO-TELEVISION BELGE DE LA COMMUNAUTE FRANCAISEFurniture, furnishings and cleaning productsawarded 17-10-2023€1.0m3 tendersTED 30511-2025

Source: TED (Tenders Electronic Daily), Publications Office of the European Union. The values are as the buyer published them. For a framework agreement, the value is a ceiling.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 91 lines
Balance sheet Code20242025
Assets
Total assets20/58€24.5m€27.4m▲
Fixed assets21/28€4.8m€4.5m▼
Intangible fixed assets21€0€0.001m▲
Tangible fixed assets22/27€1.2m€1.0m▼
Land and buildings22€0.9m€0.8m▼
Plant, machinery and equipment23€0.2m€0.01m▼
Furniture and vehicles24€0.07m€0.09m▲
Other tangible fixed assets26€0.02m€0.02m▼
Financial fixed assets28€3.5m€3.5m▼
Affiliated companies280/1€3.5m€3.5m▲
Participating interests280€2.9m€2.9m=
Amounts receivable281€0.6m€0.7m▲
Other financial fixed assets284/8€0.03m€0.005m▼
Amounts receivable and cash guarantees285/8€0.03m€0.005m▼
Current assets29/58€19.7m€22.9m▲
Stocks and contracts in progress3€2.3m€3.3m▲
Stocks30/36€1.0m€1.7m▲
Goods purchased for resale34€1.0m€1.7m▲
Contracts in progress37€1.3m€1.5m▲
Amounts receivable within one year40/41€14.9m€13.9m▼
Trade receivables40€14.9m€13.8m▼
Other amounts receivable41€0.04m€0.1m▲
Cash at bank and in hand54/58€1.6m€5.2m▲
Deferred charges and accrued income490/1€0.9m€0.6m▼
Equity and liabilities
Total equity and liabilities10/49€24.5m€27.4m▲
Equity10/15€11.1m€11.9m▲
Contributions10/11€0.6m€0.6m=
Capital10€0.6m€0.6m=
Issued capital100€0.6m€0.6m=
Revaluation surpluses12€2.3m€2.3m▼
Reserves13€0.8m€0.8m▲
Non-distributable reserves130/1€0.6m€0.6m▲
Legal reserve130€0.06m€0.06m=
Reserves not available under the articles1311€0.5m€0.5m▲
Tax-exempt reserves132€0.1m€0.1m▼
Distributable reserves133€0.06m€0.06m=
Profit (loss) carried forward14€7.4m€8.2m▲
Provisions and deferred taxes16€0.03m€0.03m▼
Deferred taxes168€0.03m€0.03m▼
Amounts payable17/49€13.4m€15.5m▲
Amounts payable within one year42/48€9.7m€11.9m▲
Current portion of amounts payable after more than one year42€0.2m€0.2m=
Financial debts43€0-
Other loans439€0-
Trade debts44€4.5m€4.8m▲
Suppliers440/4€4.5m€4.8m▲
Advances received on contracts in progress46€4.5m€5.5m▲
Taxes, remuneration and social security45€0.4m€0.4m▲
Taxes450/3€0.2m€0.2m▼
Remuneration and social security454/9€0.1m€0.2m▲
Other amounts payable47/48-€1.0m
Accrued charges and deferred income492/3€3.7m€3.6m▼
Income statement Code20242025
Operating income70/76A€21.5m€15.8m▼
Turnover70€21.9m€15.5m▼
Change in stocks of work in progress, finished goods and contracts in progress71-€0.5m€0.2m▲
Other operating income74€0.03m€0.05m▲
Non-recurring operating income76A€0.05m€0.01m▼
Operating charges60/66A€19.1m€14.3m▼
Goods for resale, raw materials and consumables60€14.6m€10.0m▼
Purchases600/8€13.6m€10.9m▼
Change in stocks: decrease (increase)609€1.0m-€0.9m▼
Services and other goods61€1.9m€1.9m▲
Remuneration, social security and pensions62€1.3m€1.4m▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.2m€0.2m▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€0.9m€0.6m▼
Other operating charges640/8€0.2m€0.1m▼
Non-recurring operating charges66A€0.01m€0.003m▼
Operating profit (loss)9901€2.3m€1.5m▼
Financial income75/76B€1.2m€1.3m▲
Recurring financial income75€1.2m€1.3m▲
Income from financial fixed assets750€1.1m€1.3m▲
Income from current assets751€19€21▲
Other financial income752/9€0.1m€0.06m▼
Non-recurring financial income76B€0.02m€0▼
Financial charges65/66B€0.4m€0.9m▲
Recurring financial charges65€0.4m€0.9m▲
Debt charges650€0-
Other financial charges652/9€0.4m€0.9m▲
Profit (loss) for the period before taxes9903€3.2m€2.0m▼
Transfer from deferred taxes780€0.004m€0.004m=
Transfer to deferred taxes680€0-
Income taxes67/77€0.6m€0.2m▼
Taxes670/3€0.6m€0.2m▼
Profit (loss) for the period9904€2.6m€1.8m▼
Transfer from tax-exempt reserves789€0.007m€0.007m=
Profit (loss) for the period to be appropriated9905€2.6m€1.8m▼
Appropriation of the result
Profit (loss) to be appropriated9906€7.4m€9.2m▲
Profit (loss) brought forward from the previous period14P€4.8m€7.4m▲
Profit to be distributed694/7-€1.0m
Return on contributions (dividend)694-€1.0m
Social balance sheet
Average headcount (FTE)908721.221.3▲

The notes to these accounts have 74 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 30-06-2026.

Line20182019202020212022202320242025Change
Operating income70/76A---€16.8m€15.9m€23.1m€21.5m€15.8m▼ 26.3%
Turnover70€25.0m€16.8m€20.8m€16.6m€15.3m€23.0m€21.9m€15.5m▼ 29.1%
Change in stocks of work in progress, finished goods and contracts in progress71----€0.7m€0.6m€0.06m-€0.5m€0.2m-
Own construction capitalised72---€0.7m€0----
Other operating income74---€0.3m€0.01m€0.009m€0.03m€0.05m▲ 84.3%
Non-recurring operating income76A---€0.004m€0-€0.05m€0.01m▼ 77.3%
Operating charges60/66A---€16.1m€14.0m€21.7m€19.1m€14.3m▼ 25.4%
Goods for resale, raw materials and consumables60---€11.9m€9.5m€17.0m€14.6m€10.0m▼ 31.4%
Purchases600/8---€10.9m€11.0m€16.2m€13.6m€10.9m▼ 19.7%
Change in stocks: decrease (increase)609---€1.0m-€1.5m€0.8m€1.0m-€0.9m-
Services and other goods61---€1.9m€1.8m€2.0m€1.9m€1.9m▲ 2.6%
Remuneration, social security and pensions62---€1.4m€1.4m€1.6m€1.3m€1.4m▲ 7.0%
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€0.3m€0.3m€0.3m€0.4m€0.4m€0.3m€0.2m€0.2m▼ 26.1%
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4---€0.3m€0.3m€0.4m€0.9m€0.6m▼ 32.3%
Other operating charges640/8---€0.3m€0.5m€0.4m€0.2m€0.1m▼ 32.9%
Non-recurring operating charges66A---€0.003m€0.004m€0.009m€0.01m€0.003m▼ 74.8%
Operating profit (loss)9901€0.8m€1.0m€0.3m€0.7m€1.9m€1.4m€2.3m€1.5m▼ 34.3%
Financial income75/76B---€0.06m€0.2m€0.3m€1.2m€1.3m▲ 9.8%
Recurring financial income75€0.09m€0.09m€0.3m€0.06m€0.2m€0.3m€1.2m€1.3m▲ 11.8%
Income from financial fixed assets750---€0.01m€0.1m€6€1.1m€1.3m▲ 19.5%
Income from current assets751---€2€0€7€19€21▲ 11.9%
Other financial income752/9---€0.05m€0.07m€0.3m€0.1m€0.06m▼ 55.2%
Non-recurring financial income76B---€14€0.02m€0.009m€0.02m€0▼ 100%
Financial charges65/66B---€0.4m€0.4m€0.4m€0.4m€0.9m▲ 150%
Recurring financial charges65€0.4m€0.5m€0.4m€0.4m€0.4m€0.4m€0.4m€0.9m▲ 150%
Debt charges650€0.2m€0.1m€0.08m€0.05m€0.02m€0.008m€0--
Other financial charges652/9---€0.4m€0.4m€0.4m€0.4m€0.9m▲ 150%
Profit (loss) for the period before taxes9903€0.5m€0.6m€0.2m€0.3m€1.8m€1.3m€3.2m€2.0m▼ 38.4%
Transfer from deferred taxes780---€0.004m€0.004m€0.004m€0.004m€0.004m=
Transfer to deferred taxes680-----€50€0--
Income taxes67/77€0.2m€0.3m€0.07m€0.1m€0.5m€0.3m€0.6m€0.2m▼ 63.3%
Taxes670/3---€0.1m€0.5m€0.3m€0.6m€0.2m▼ 63.3%
Profit (loss) for the period9904€0.3m€0.4m€0.1m€0.2m€1.3m€0.9m€2.6m€1.8m▼ 32.8%
Transfer from tax-exempt reserves789---€0.09m€0.007m€0.007m€0.007m€0.007m=
Profit (loss) for the period to be appropriated9905€0.2m€0.3m€0.1m€0.3m€1.3m€1.0m€2.6m€1.8m▼ 32.7%
Line20182019202020212022202320242025Change
Assets
Total assets20/58€30.3m€29.5m€22.5m€22.7m€25.8m€29.0m€24.5m€27.4m▲ 11.9%
Fixed assets21/28€5.3m€5.0m€4.7m€5.2m€4.9m€4.9m€4.8m€4.5m▼ 5.5%
Intangible fixed assets21€0.01m€0.007m€0.003m€0.001m€0.005m€0€0€0.001m-
Tangible fixed assets22/27€2.3m€2.0m€1.7m€2.1m€1.7m€1.4m€1.2m€1.0m▼ 21.2%
Land and buildings22---€1.1m€1.1m€1.0m€0.9m€0.8m▼ 7.5%
Plant, machinery and equipment23---€0.6m€0.5m€0.3m€0.2m€0.01m▼ 94.7%
Furniture and vehicles24---€0.3m€0.2m€0.08m€0.07m€0.09m▲ 22.7%
Other tangible fixed assets26---€0.02m€0.01m€0.01m€0.02m€0.02m▼ 14.7%
Financial fixed assets28€3.0m€3.0m€3.0m€3.1m€3.2m€3.5m€3.5m€3.5m▼ 0.1%
Affiliated companies280/1---€3.0m€3.2m€3.5m€3.5m€3.5m▲ 0.6%
Participating interests280---€2.7m€2.9m€2.9m€2.9m€2.9m=
Amounts receivable281---€0.3m€0.3m€0.6m€0.6m€0.7m▲ 3.0%
Other financial fixed assets284/8---€0.03m€0.03m€0.03m€0.03m€0.005m▼ 81.8%
Amounts receivable and cash guarantees285/8---€0.03m€0.03m€0.03m€0.03m€0.005m▼ 81.8%
Current assets29/58€25.0m€24.5m€17.8m€17.6m€20.8m€24.1m€19.7m€22.9m▲ 16.1%
Amounts receivable after more than one year29---€0.3m€0.3m€0.3m---
Trade receivables290---€0.3m€0.3m€0.3m---
Stocks and contracts in progress3€2.8m€2.3m€3.9m€2.0m€4.2m€2.6m€2.3m€3.3m▲ 41.5%
Stocks30/36---€2.0m€3.5m€2.6m€1.0m€1.7m▲ 70.7%
Goods purchased for resale34---€2.0m€3.5m€2.6m€1.0m€1.7m▲ 70.7%
Contracts in progress37----€0.8m€0.08m€1.3m€1.5m▲ 18.4%
Amounts receivable within one year40/41€16.8m€17.2m€11.3m€13.0m€14.7m€18.1m€14.9m€13.9m▼ 7.0%
Trade receivables40---€12.9m€14.3m€15.7m€14.9m€13.8m▼ 7.6%
Other amounts receivable41---€0.1m€0.4m€2.4m€0.04m€0.1m▲ 231%
Cash at bank and in hand54/58€0.4m€0.4m€0.9m€0.3m€0.6m€1.1m€1.6m€5.2m▲ 219%
Deferred charges and accrued income490/1---€1.8m€1.0m€1.9m€0.9m€0.6m▼ 33.7%
Equity and liabilities
Total equity and liabilities10/49€30.3m€29.5m€22.5m€22.7m€25.8m€29.0m€24.5m€27.4m▲ 11.9%
Equity10/15€5.5m€5.9m€6.1m€6.2m€7.5m€8.5m€11.1m€11.9m▲ 6.9%
Contributions10/11€0.6m€0.6m€0.6m€0.6m€0.6m€0.6m€0.6m€0.6m=
Capital10---€0.6m€0.6m€0.6m€0.6m€0.6m=
Issued capital100---€0.6m€0.6m€0.6m€0.6m€0.6m=
Revaluation surpluses12---€2.4m€2.3m€2.3m€2.3m€2.3m▼ 1.0%
Reserves13€0.7m€0.8m€0.8m€0.7m€0.7m€0.7m€0.8m€0.8m▲ 2.2%
Non-distributable reserves130/1---€0.5m€0.5m€0.5m€0.6m€0.6m▲ 4.2%
Legal reserve130---€0.06m€0.06m€0.06m€0.06m€0.06m=
Reserves not available under the articles1311---€0.4m€0.4m€0.5m€0.5m€0.5m▲ 4.8%
Tax-exempt reserves132---€0.2m€0.2m€0.2m€0.1m€0.1m▼ 4.7%
Distributable reserves133---€0.06m€0.06m€0.06m€0.06m€0.06m=
Profit (loss) carried forward14€1.9m€2.2m€2.3m€2.6m€3.9m€4.8m€7.4m€8.2m▲ 10.3%
Provisions and deferred taxes16€0.05m€0.05m€0.05m€0.04m€0.04m€0.03m€0.03m€0.03m▼ 11.3%
Deferred taxes168---€0.04m€0.04m€0.03m€0.03m€0.03m▼ 11.3%
Amounts payable17/49€24.7m€23.5m€16.4m€16.4m€18.2m€20.5m€13.4m€15.5m▲ 16.1%
Amounts payable after more than one year17€2.9m€2.1m€1.4m€0.7m€0----
Financial debts170/4---€0.7m€0----
Other loans174---€0.7m€0----
Amounts payable within one year42/48€19.6m€18.9m€13.8m€14.0m€15.6m€18.3m€9.7m€11.9m▲ 22.8%
Current portion of amounts payable after more than one year42---€0.2m€0.2m€0.2m€0.2m€0.2m=
Financial debts43---€0.5m€0.8m€0.2m€0--
Credit institutions430/8---€0.1m€0----
Other loans439---€0.3m€0.8m€0.2m€0--
Trade debts44€7.2m€11.5m€8.6m€8.3m€8.2m€7.5m€4.5m€4.8m▲ 5.8%
Suppliers440/4---€8.3m€8.2m€7.5m€4.5m€4.8m▲ 5.8%
Advances received on contracts in progress46---€4.7m€6.0m€9.8m€4.5m€5.5m▲ 20.5%
Taxes, remuneration and social security45---€0.3m€0.3m€0.4m€0.4m€0.4m▲ 3.0%
Taxes450/3---€0.07m€0.2m€0.2m€0.2m€0.2m▼ 18.8%
Remuneration and social security454/9---€0.2m€0.2m€0.2m€0.1m€0.2m▲ 37.4%
Other amounts payable47/48-------€1.0m-
Accrued charges and deferred income492/3---€1.8m€2.6m€2.3m€3.7m€3.6m▼ 1.5%
Line20182019202020212022202320242025Change
Profit (loss) for the period9904€0.3m€0.4m€0.1m€0.2m€1.3m€0.9m€2.6m€1.8m▼ 32.8%
+ Depreciation and write-downs630€0.3m€0.3m€0.3m€0.4m€0.4m€0.3m€0.2m€0.2m▼ 26.1%
Operating cash flow (approximation)€0.6m€0.7m€0.4m€0.6m€1.7m€1.3m€2.9m€1.9m▼ 32.2%
Investment in fixed assets (approximation)-€0.02m-€0.07m-€0.8m-€0.2m-€0.3m-€0.07m€0.08m-
Change in cash--€0.02m€0.5m-€0.6m€0.2m€0.6m€0.5m€3.5m▲ 582%

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

Download as CSV

Historical observation

In July 2024, 20,136 companies had the same profile as STUDIOTECH has now. Two years later, 95.0% were still going and 0.2% had gone bankrupt.

  • Small
  • 20 years or older
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
95.0% was still going
4.7% stopped otherwise
0.2% went bankrupt

That fits the bankruptcy probability of STUDIOTECH itself: < 0.1% within 12 months.

Test of the method

The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the highest expected share
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%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 20,136 companies, not a prediction for STUDIOTECH. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Latest 10 of 36 filings with the National Bank
Financial year Type Filed Reference Document
31-12-2025 full format 30-06-2026 2026-00234904 PDF
31-12-2024 full format 17-06-2025 2025-00167123 PDF
31-12-2023 full format 05-07-2024 2024-00217909 PDF
31-12-2022 full format 28-06-2023 2023-00166544 PDF
31-12-2021 full format 04-07-2022 2022-20123203 PDF
31-12-2020 full format 10-06-2021 2021-18500086 PDF
31-12-2019 full format 29-06-2020 2020-22300350 PDF
31-12-2018 full format 02-07-2019 2019-26200127 PDF
31-12-2017 full format 16-07-2018 2018-32600436 PDF
31-12-2016 full format 13-07-2017 2017-31500273 PDF

Show all 36 filings

Board & ownership

Directors

Directors
3 directors

Board 3

Farshan SHABBIR
Director · since 12-06-2024 · 3-year term from 2024 · listed in the 2025 annual accounts, filed on 30-06-2026
Current
Nicolas TARDIEU
Director · since 12-06-2024 · 3-year term from 2024 · listed in the 2025 annual accounts, filed on 30-06-2026
Current
Robert PETER
Director · since 12-06-2024 · 3-year term from 2024 · listed in the 2025 annual accounts, filed on 30-06-2026
Current

Statutory auditor 1

BDO Réviseurs d'Entreprises
Statutory auditor · current term since 10-03-2025 · permanent representative: Michaël Delbeke · listed in the 2025 annual accounts, filed on 30-06-2026
Current

Owners and capital

Shareholders

1 owner

Chain of control

  1. HOLDTECH KORLATOLT FELELOSSEGU TARSASAGHU consolidates
  2. STUDIOTECH

Owners 1

Owners through the years 2009 to 2025
Owners through the years
Name2009201020112012201320152016201720182019202020212022202320242025
HOLDTECH KORLATOLT FELELOSSEGU TARSASAGHU consolidates

Source: parent in its own accounts

Capital transactions

Capital over time
  1. 09-08-2024 Capital stated in the deed · €600,000 · 200 shares

Mandate history

4 people, 4 in office
Show
  • Board
  • Statutory auditor
  • mandate already running before its first mention
Mandates per person, with start and end dates
Name Functions and periods
Farshan SHABBIR
  • Director, since before 15-12-2022
Nicolas TARDIEU
  • Director, since before 15-12-2022
Robert PETER
  • Director, since before 15-12-2022
BDO Réviseurs d'Entreprises
  • Statutory auditor, appointed in the act of 15-12-2022, still in office
See the board, name and registered office on a given date →

Articles of association

Board ruleThese rules set how the board is made up, meets and takes decisions.
At least 3 directors
“Administrateurs restants ont droit de coopter nouvel administrateur, continuer mission après démission jusqu'à remplacement pourvu au terme…”

Articles of association, deed of 09-08-2024 (in French)

Network & group

Holdings and subsidiaries

6 holdings

Holdings 6

Source for every holding own accounts 2025

  • STUDIOTEC MAROCMAsubsidiary
    Equity MAD 397,503Result MAD 36,721
    100%
  • STUDIOTECH FRANCEFRsubsidiary
    Equity €45,697Result -€2,246
    100%
  • STUDIOTECH GERMANYDEsubsidiary
    Equity €60,230Result -€938
    100%
  • STUDIOTECH MAGHREBDZsubsidiary
    Equity DZD 11.3mResult DZD 9,800
    91.22%
  • STUDIOTECH POLANDPLsubsidiary
    Equity PLN 55.0mResult PLN 2.0m
    90%
  • STUDIOTECH HUNGARYHU
    Equity HUF 478.6mResult HUF 16.8m
    23.48%
Holdings through the years 2006 to 2025
Holdings through the years
Name2006200720082009201020112012201320152016201720182019202020212022202320242025
STUDIOTEC MAROCMA 100%
STUDIOTECH FRANCEFR 100%
STUDIOTECH GERMANYDE 100%
STUDIOTECH MAGHREBDZ 98.37%91.22%
STUDIOTECH POLANDPL 80%90%
STUDIOTECH HUNGARYHU 23.5%23.48%
STUDIOTECH GERMANY GMBHDE 100%
STUDIOTECH MAROCMA 100%
STUDIOTECH MAGRHEBDZ 80.25%98.37%
STUDIOTECH GRMANY GMBHDE 100%

Source: list of holdings in its own accounts

Connections & network

3 current directors
Depth

The network starts from the directors of STUDIOTECH. Every other company they run is a node.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.

Timeline

Acts, filings and financial milestones

Deadline for the 2026 accounts: 31-07-2027
2026
30-06
NBB filing Annual accounts 2025 filedNBB
full format · 31 days before the deadline
2025
17-06
NBB filing Annual accounts 2024 filedPDF
full format · 44 days before the deadline
2024
31-12
Financial Highest result from 2018 to 2025net €2.6m ▲177%
The operating result of €2.3m and the net result of €2.6m are both a record.
31-12
Financial Equity above €10mequity €11.1m ▲30.9%
With a profit in every financial year since 2018, equity grows to €11.1m.
20-09
Gazette deed Reappointments: Nicolas TARDIEU, Robert PETER and Farshan SHABBIR
4 points ▸
  • General meeting, 12-06-2024
  • Director reappointment, Nicolas TARDIEU
  • Director reappointment, Robert PETER
  • Director reappointment, Farshan SHABBIR

Open the act in the Belgian Official Gazette

09-08
Gazette deed Amendment of the articles
Registered office clause: Houtweg 7 boîte 1, 1130 Haeren (Bruxelles)4 points ▸
  • Power of attorney, Jean-Didier Gyselinck
  • Registered office clause, Houtweg 7 boîte 1, 1130 Haeren (Bruxelles)
  • General meeting, 05-07-2024
  • Capital, €600,000, 200 shares
  • The act holds 3 more points.

Open the act in the Belgian Official Gazette

05-07
NBB filing Annual accounts 2023 filedPDF
full format · 26 days before the deadline
2023
28-06
NBB filing Annual accounts 2022 filedPDF
full format · 33 days before the deadline
2022
15-12
Gazette deed 1 statutory auditor appointed, 3 directors reappointed
Appointment: BDO Reviseurs d'Entreprises (statutory auditor) · Reappointments: Nicolas TARDIEU, Robert PETER and Farshan SHABBIR6 points ▸
  • General meeting, 15-12-2021
  • Auditor appointment, BDO Reviseurs d'Entreprises (statutory auditor)
  • General meeting, 09-06-2021
  • Director reappointment, Nicolas TARDIEU
  • Director reappointment, Robert PETER
  • Director reappointment, Farshan SHABBIR

Open the act in the Belgian Official Gazette

04-07
NBB filing Annual accounts 2021 filedPDF
full format · 27 days before the deadline
2021
10-06
NBB filing Annual accounts 2020 filedPDF
full format · 51 days before the deadline
2020
31-12
Financial Weakest financial yearnet €128,142 ▼66.7%
The net result drops to €128,142, the lowest from 2018 to 2025. It recovers the following year.
Show earlier events
29-06
NBB filing Annual accounts 2019 filedPDF
full format · 32 days before the deadline
2019
02-07
NBB filing Annual accounts 2018 filedPDF
full format · 29 days before the deadline
2018
16-07
NBB filing Annual accounts 2017 filedPDF
full format · 15 days before the deadline
2017
13-07
NBB filing Annual accounts 2016 filedPDF
full format · 18 days before the deadline
1990
01-02
Gazette deed Incorporation
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.

Sources:Publications in the Belgian Official GazetteFilings with the National Bank

History

On 5 January 1990, STUDIOTECH was incorporated.1 Turnover went from €25.0m in 2018 to €15.5m in 2025 and headcount from 32.7 to 21.3 full-time equivalents.2

  1. 1KBO register
  2. 2National Bank, annual accounts 2018 and 2025

Company details

Register details

Identity

KBO record
Name STUDIOTECH in Dutch
Enterprise number 0439.558.765
LEI code 529900AOGVUJLI30DU07 no longer live in the LEI register
Legal form Public limited company
Status Active, normale toestand
Founded 05-01-1990
Entity type Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 09-08-2024 (in French)
Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Région de Bruxelles-Capitale”
deed of 09-08-2024 (in French)

Registered office and establishments

Registered office Houtweg 7, 1130 Brussel, Belgium
Establishment unit Houtweg 7, 1130 Brussel since 09-02-1990 · unit number 2.047.012.477 2110001 Manufacture of basic pharmaceutical products and pharmaceutical preparations

Activities

NACEBEL 2025
VAT activities
47540 Retail sale of electrical household appliances main activity
Social security (RSZ) activities
46643 Wholesale of electrical equipment, including installation materials main activity
Codes under NACEBEL 2008
VAT activities
47540 Retail trade main activity
Social security (RSZ) activities
46693 Wholesale trade main activity
Codes under NACEBEL 2003
VAT activities
52450 main activity
Social security (RSZ) activities
51871 main activity
Joint committee 200 Aanvullend Paritair Comité voor de bedienden annual accounts 2025
PurposeThe purpose describes the activities the company may carry out under its articles.
“Tout ce qui se rapporte à l'audio-visuel et télécommunication, électronique, électromécanique, informatique, support technique, services…”
3 activities
  1. Tout ce qui se rapporte à l'audio-visuel et télécommunication, électronique, électromécanique, informatique, support technique, services techniques, installation technique, conception et consulting technique, construction et réalisation technique, représentation d'autres firmes (belges ou étrangères), sous-traitance, principalement à l'étranger et import-export de matériel électronique et électromécanique.
  2. D'une façon générale, la société pourra faire tous actes, transactions ou opérations commerciales, financières, mobilières ou immobilières se rapportant directement ou indirectement à son objet ou qui seront de nature à en faciliter ou développer la réalisation.
  3. Elle pourra réaliser son objet soit par action directe soit en prenant des intérêts dans des entreprises, des sociétés, en tout ou en partie, similaires ou connexes.
deed of 09-08-2024 (in French)

Invoicing and payment

VAT number BE 0439.558.765
E-invoicing via Peppol
Reachable via Peppol
Peppol ID 0208:0439558765
Other Peppol ID 9925:BE0439558765

Follow this company and you will hear the next morning if it leaves the Peppol register.

Register as of 4 November 2026 · Peppol Directory

Financial year and general meeting

Accounts at the NBB
Financial year end 31-12
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Second Wednesday of June
deed of 09-08-2024 (in French)

Sites & property

Location
registered office establishment The establishment unit on the map

Buildings and parcels at the address

Ground area
4,393 m²
Building footprint
1,761 m²
Building volume
10,273 m³
Cadastral parcel Region Area Buildings Height / floors
21821B0001/00M003 Brussels 4,393 m² 1 · 1,761 m² 12.8 m · 2