STUDIUM
ActiveSummary
STUDIUM has been active since 1982 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €38.4m and a net result of €5.2m. Equity remains stable across the filed fiscal years (±0.9% per year). Its solvency ranks better than 95% of 5899 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability85▲+68
Solvency100▲+17
Growth78▲+20
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000,000 at 30 days acceptable
Liquidity ample (current ratio 2.07 against 0.36 in 2023; short-term debt: 2.3% and cash: 0.3% of total assets), and 5.4% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 81
Relative position
BE, all sectors
reference
Services to buildings and landscape activities (NACE 81)
about 79% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
94.6%
Return on assets
12.7%
Age of the figures
21 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2023. These amounts do not establish the cause of the change.
NBB · annual accounts 2024Equity per financial year
19202122232324
2019 to 2024 · latest year €38.4m
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 15-07-2025, 16 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
16 d early
2023
1 d early
2023
82 d early
2022
105 d early
2021
8 d late
2020
20 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 36 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 43% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
In the rankings
#4 company by equity in West Flanders, Building services and landscaping sector#4 company by total assets in Knokke-Heist, Administrative and support services sector#6 oldest company in Knokke-Heist, Administrative and support services sector
Equity
€38.4m▲ 149%
2023 · €15.4m
Total assets
€40.6m▲ 53.6%
2023 · €26.4m
Net result
€5.2m
2023 · -€352,478
Working capital
€984,143
2023 · -€6.8m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 81, Services to buildings and landscape 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
Line20212022202320232024
Operating result-€366,034▲ 31.8%-€364,880▲ 0.3%-€495,427▼ 35.8%-€619,762-€2.2m
Net result-€211,883below the sector's middle half▲ 53.9%-€100,870below the sector's middle half▲ 52.4%-€139,946below the sector's middle half▼ 38.7%-€352,478below the sector's middle half-€5.2mabove the sector's middle half
Equity€16.0mabove the sector's middle half▼ 1.3%€15.9mabove the sector's middle half▼ 0.6%€15.8mabove the sector's middle half▼ 0.9%€15.4mabove the sector's middle half-€38.4mabove the sector's middle half▲ 149%
Total assets€18.4mabove the sector's middle half▼ 4.0%€18.3mabove the sector's middle half▼ 0.5%€18.2mabove the sector's middle half▼ 0.9%€26.4mabove the sector's middle half-€40.6mabove the sector's middle half▲ 53.6%
Debt€2.3m▼ 19.8%€2.3m▲ 0.7%€2.2m▼ 1.0%€10.8m-€2.1m▼ 81.0%
Working capital€3.3mabove the sector's middle half▼ 3.8%€3.5mabove the sector's middle half▲ 5.4%€3.7mabove the sector's middle half▲ 6.0%-€6.8mbelow the sector's middle half-€984,143above the sector's middle half
Solvency87.0%above the sector's middle half▲ 2.4pp86.9%above the sector's middle half▼ 0.1pp86.9%above the sector's middle half=58.4%within the sector's middle half-94.6%above the sector's middle half▲ 36.2pp
Current ratio2.50within the sector's middle half▲ 0.172.68above the sector's middle half▲ 0.192.78above the sector's middle half▲ 0.090.36below the sector's middle half-2.07within the sector's middle half▲ 1.71
Return on assets (ROA)-1.2%below the sector's middle half▲ 1.2pp-0.6%below the sector's middle half▲ 0.6pp-0.8%below the sector's middle half▼ 0.2pp-1.3%below the sector's middle half-12.7%within the sector's middle half▲ 14.0pp
Staff (FTE)1.2=1.2below the sector's middle half=0.6▼ 50.0%1-1.6▲ 60.0%
above
within
below
the middle half (P25 to P75) of NACE 81, Services to buildings and landscape 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
- 2022 Net result +52% on 2021. The accounts now follow the abbreviated schema, last year the micro schema.
Result per fiscal year
Operating resultNet result
Multiple fiscal year ends fall in the same calendar year; an annual trend is not displayed.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €40.6m
Fixed assets
€38.7m ▲ 71.7%
Current assets
€1.9m ▼ 51.2%
Equity and liabilities €40.6m
Equity
€38.4m ▲ 149%
Provisions
€121,866 ▼ 2.9%
Debt
€2.1m ▼ 81.0%
Debt's share of the balance-sheet total falls from 41.1% to 5.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€3.4m▲
2023 · -€61,577
Cash flow
€6.4m▲
2023 · €205,708
Debt to equity
0.05▼
2023 · 0.70
ROE
13.4%▲
2023 · -2.3%
Interest coverage
7.30▲
2023 · -2.09
Debt ≤ 1 year
€916,319▼
2023 · €10.7m
Debt > 1 year
€937,833
Income taxes
€193,369▲
2023 · €0
Staff costs
€53,122▲
2023 · €42,101
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,349 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.4%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 31,349 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €0 | €12,767 | €0 | €3.4m | - |
| Remuneration, social security and pensions62 | - | €35,030 | €22,687 | €42,101 | €53,122 | ▲ 26.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €345,608 | €359,078 | €365,171 | €558,185 | €1.2m | ▲ 115% |
| Other operating charges640/8 | - | €28,825 | €28,184 | €27,521 | €27,359 | ▼ 0.6% |
| Gross operating margin9900 | €32,184 | €58,052 | -€79,385 | €8,045 | €3.4m | ▲ 42,746% |
| Operating profit (loss)9901 | -€366,034 | -€364,880 | -€495,427 | -€619,762 | €2.2m | ▲ 449% |
| Financial income75/76B | - | €308,996 | €395,246 | €293,685 | €3.6m | ▲ 1,140% |
| Recurring financial income75 | €176,695 | €308,996 | €395,246 | €293,685 | €3.6m | ▲ 1,140% |
| Financial charges65/66B | - | €47,805 | €42,882 | €29,421 | €461,379 | ▲ 1,468% |
| Recurring financial charges65 | €14,618 | €47,805 | €42,882 | €29,421 | €461,379 | ▲ 1,468% |
| Profit (loss) for the period before taxes9903 | -€203,957 | -€103,689 | -€143,063 | -€355,498 | €5.3m | ▲ 1,603% |
| Transfer from deferred taxes780 | - | €3,603 | €3,603 | €3,020 | €3,603 | ▲ 19.3% |
| Income taxes67/77 | €11,529 | €784 | €485 | €0 | €193,369 | - |
| Profit (loss) for the period9904 | -€211,883 | -€100,870 | -€139,946 | -€352,478 | €5.2m | ▲ 1,562% |
| Transfer from tax-exempt reserves789 | - | €6,997 | €6,997 | €5,866 | €6,997 | ▲ 19.3% |
| Profit (loss) for the period to be appropriated9905 | -€179,756 | -€93,873 | -€132,949 | -€346,612 | €5.2m | ▲ 1,589% |
| Line | 2021 | 2022 | 2023 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €18.4m | €18.3m | €18.2m | €26.4m | €40.6m | ▲ 53.6% |
| Fixed assets21/28 | €12.9m | €12.8m | €12.4m | €22.5m | €38.7m | ▲ 71.7% |
| Tangible fixed assets22/27 | €12.7m | €12.6m | €12.3m | €22.4m | €38.7m | ▲ 72.4% |
| Land and buildings22 | - | €10.7m | €10.6m | €20.8m | €37.3m | ▲ 79.0% |
| Plant, machinery and equipment23 | - | €1.9m | €1.7m | €1.6m | €1.3m | ▼ 14.5% |
| Furniture and vehicles24 | - | €15,315 | €7,225 | €3,228 | €1,361 | ▼ 57.8% |
| Financial fixed assets28 | €166,437 | €166,937 | €88,370 | €85,870 | €0 | ▼ 100% |
| Current assets29/58 | €5.5m | €5.6m | €5.8m | €3.9m | €1.9m | ▼ 51.2% |
| Amounts receivable after more than one year29 | - | €2.3m | €2.3m | €0 | - | - |
| Trade receivables290 | - | €0 | - | - | - | - |
| Other amounts receivable291 | - | €2.3m | €2.3m | €0 | - | - |
| Amounts receivable within one year40/41 | €23,229 | €38,545 | €334,503 | €69,244 | €1.3m | ▲ 1,791% |
| Trade receivables40 | - | €0 | €1,152 | €0 | - | - |
| Other amounts receivable41 | - | €38,545 | €333,351 | €69,244 | €1.3m | ▲ 1,791% |
| Current investments50/53 | €2.9m | €2.8m | €2.9m | €3.4m | €449,086 | ▼ 86.8% |
| Cash at bank and in hand54/58 | €197,066 | €424,982 | €232,292 | €369,479 | €119,544 | ▼ 67.6% |
| Deferred charges and accrued income490/1 | - | €42,704 | €45,069 | €42,853 | €22,149 | ▼ 48.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €18.4m | €18.3m | €18.2m | €26.4m | €40.6m | ▲ 53.6% |
| Equity10/15 | €16.0m | €15.9m | €15.8m | €15.4m | €38.4m | ▲ 149% |
| Contributions10/11 | €146,257 | €146,257 | €146,257 | €146,257 | €146,257 | = |
| Capital10 | - | €146,257 | €146,257 | €146,257 | €146,257 | = |
| Issued capital100 | - | €146,257 | €146,257 | €146,257 | €146,257 | = |
| Revaluation surpluses12 | - | - | - | - | €17.8m | - |
| Reserves13 | €6.2m | €6.2m | €6.2m | €6.2m | €7.5m | ▲ 21.7% |
| Non-distributable reserves130/1 | - | €14,626 | €14,626 | €14,626 | €14,626 | = |
| Legal reserve130 | - | €14,626 | €14,626 | €14,626 | €14,626 | = |
| Tax-exempt reserves132 | - | €256,528 | €249,531 | €243,666 | €236,669 | ▼ 2.9% |
| Distributable reserves133 | - | €5.9m | €5.9m | €5.9m | €7.2m | ▲ 22.8% |
| Profit (loss) carried forward14 | €9.7m | €9.6m | €9.5m | €9.1m | €12.9m | ▲ 41.8% |
| Provisions and deferred taxes16 | €135,695 | €132,092 | €128,489 | €125,469 | €121,866 | ▼ 2.9% |
| Deferred taxes168 | - | €132,092 | €128,489 | €125,469 | €121,866 | ▼ 2.9% |
| Amounts payable17/49 | €2.3m | €2.3m | €2.2m | €10.8m | €2.1m | ▼ 81.0% |
| Amounts payable after more than one year17 | - | - | - | - | €937,833 | - |
| Financial debts170/4 | - | - | - | - | €937,833 | - |
| Amounts payable within one year42/48 | €2.2m | €2.1m | €2.1m | €10.7m | €916,319 | ▼ 91.4% |
| Current portion of amounts payable after more than one year42 | - | €0 | - | - | €53,436 | - |
| Financial debts43 | - | €170 | €750,000 | €8.0m | €0 | ▼ 100% |
| Credit institutions430/8 | - | €170 | €750,000 | €8.0m | €0 | ▼ 100% |
| Trade debts44 | €12,568 | €3,765 | €7,311 | €20,211 | €36,432 | ▲ 80.3% |
| Suppliers440/4 | - | €3,765 | €7,311 | €20,211 | €36,432 | ▲ 80.3% |
| Taxes, remuneration and social security45 | - | €3,034 | €4,862 | €3,166 | €6,313 | ▲ 99.4% |
| Taxes450/3 | - | €198 | €1,745 | €0 | - | - |
| Remuneration and social security454/9 | - | €2,835 | €3,117 | €3,166 | €6,313 | ▲ 99.4% |
| Other amounts payable47/48 | - | €2.1m | €1.3m | €2.7m | €820,138 | ▼ 69.3% |
| Accrued charges and deferred income492/3 | - | €199,414 | €165,962 | €153,732 | €207,467 | ▲ 35.0% |
| Line | 2021 | 2022 | 2023 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€211,883 | -€100,870 | -€139,946 | -€352,478 | €5.2m | ▲ 1,562% |
| + Depreciation and write-downs630 | €345,608 | €359,078 | €365,171 | €558,185 | €1.2m | ▲ 115% |
| Operating cash flow (approximation) | €133,725 | €258,208 | €225,225 | €205,708 | €6.4m | ▲ 2,990% |
| Investment in fixed assets (approximation) | - | -€232,041 | €21,355 | - | -€17.4m | - |
| Change in cash | - | €227,915 | -€192,690 | - | -€249,935 | - |
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
2025
15-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €5.2m
Net result €5.2m after 6 loss-making years.
31-12
Financial
Liquidity times 6current ratio 2.07
Current ratio from 0.36 to 2.07; short-term debt falls from €10.7m to €916,319.
31-12
Financial
Equity above €25mEq €38.4m ▲149%
Equity rises from €15.4m to €38.4m.
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
10-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
12-04
State Gazette act
General meeting · Director resignation
Permanent representative · Director discharge
2022
17-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2021
08-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 8 days late
2020
10-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2018
25-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
Show earlier events
01-06
State Gazette act
General meeting · Director resignation
Director appointment · Permanent representative
2017
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2016
30-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 8 acts read
About the unread acts
We know of 8 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
8 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Knokke-Heist · 1 establishment unit since 1986
Ground area
3,065 m²
Building footprint
546 m²
Volume, LiDAR
4,897 m³
Parcel 31332F0413/00B004, Flanders · tallest building 13.2 m, ±3 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
Roodborstjeslaan 18, 8300 Knokke-Heist
since 19862.031.181.879
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31332F0413/00B004 | Flanders | 3,065 m² | 1 · 546 m² | 13.2 m · 3 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.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2023 list no shareholders, and no other source names one.
Holdings 1
- Sourceown accounts 202333.33%
According to the 2023 annual accounts of STUDIUM and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Recognitions · licences · registrations
Legal Entity Identifier
549300XYTRQDNGU6RO18
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Of 1,279 companies in sector 81100 we hold annual accounts for 679. 98 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded07-04-1982
Fiscal year end31-12
Activities, NACEBEL 2025
71121Engineering and related technical consultancy, excluding land surveyors
81100Combined facilities support activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0422656615
Also
9925:BE0422656615
Registered
02-12-2025
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.