Skip to content

STUDYBEL

Active
Public limited companyfounded 1982active for 44 yearsGenèvestraat 175, 1140 Evere, BelgiumKBO/BCE: BE 0422.415.501
Summary

The annual accounts of STUDYBEL for financial year 2025 show a net loss of 76% of the equity at the start of that year. The 2025 annual accounts show equity of €131,165 and a net result of -€418,725. Equity has been stable since 2018 (±2.4% per year). Its solvency ranks better than 15% of 892 sector peers (NACE 71, financial year 2025). The company has been active since 1982 and the Belgian Official Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.5% (low).

Overview

Official details

Source: KBO
Status
Active since 04-02-1982 Normal situation
Registered office
10 active companies are registered at this address Source: KBO register, as of 2 November 2026.
Activity
Engineering and related technical consultancy, excluding land surveyors NACE 71121
Joint committee
200 Aanvullend Paritair Comité voor de bedienden · annual accounts 2021
Establishment unit
2.020.332.133 1140 Evere, since 04-02-1982
Financial year end
31 December
Peppol
Reachable since 02-12-2025

Board and ownership

Auditor
RSM INTERAUDIT
Shareholders
  • MEURA· score 952025 annual accounts of MEURA
  • H.B.P. S.A.annual accounts 2025

Financial position

53 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
0.5%
Annual accounts 2025
Turnover
€4.4m
▼ 28.1%
Loss
€418,725
Equity
€131,165
▼ 76.1%
Total assets
€1.9m
▲ 0.8%
Employees on 31-12-2025
27
▼ 6.9%
Filed on 15-06-2026, 46 days before the deadline
Score breakdownraises riskCapped at 59: a net loss of at least half of total assets or of the equity at the start of the financial yearLoss of €418,725 (financial year 2025)Equity €131,165 (6.7% of total assets)lowers riskLiquidity: current ratio 1.10, cash €510,611Sector: Architectural and engineering activities; technical testing and analysis (NACE 71)Show the evidence

Checked score

Score 2025
53 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially stronger than 11% of small companies in architecture and engineering (NACE 71)
A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59. Every signal that counts is listed under Signals.
Financial strength · tick: 2024
Weak
Solvency 32-22
equity 6.7% of total assets
Liquidity 33+2
short-term debt 89.6% · cash 26.3%
Profitability 0-57
return on assets -21.5%
Bankruptcy probability within 12 months
0.5% Low
0%0.5%1.5%4%10%≥ 25%

About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (690 companies, NACE 71, small)
Last 24 months 12-2024: 0.1% 01-2025: 0.1%● unchanged vs 12-2024 02-2025: 0.1%● unchanged vs 01-2025 03-2025: 0.1%● unchanged vs 02-2025 04-2025: 0.1%● unchanged vs 03-2025 05-2025: 0.1%● unchanged vs 04-2025lowest value 06-2025: 0.1%● unchanged vs 05-2025 07-2025: 0.1%● unchanged vs 06-2025 08-2025: 0.1%● unchanged vs 07-2025 09-2025: 0.1%● unchanged vs 08-2025 10-2025: 0.1%● unchanged vs 09-2025 11-2025: 0.1%● unchanged vs 10-2025 12-2025: 0.1%● unchanged vs 11-2025 01-2026: 0.1%● unchanged vs 12-2025 02-2026: 0.1%● unchanged vs 01-2026 03-2026: 0.1%● unchanged vs 02-2026 04-2026: 0.1%● unchanged vs 03-2026 05-2026: 0.1%● unchanged vs 04-2026 06-2026: 0.1%● unchanged vs 05-2026 07-2026: 0.5%▲ +0.4 percentage points vs 06-2026highest value 08-2026: 0.5%● unchanged vs 07-2026highest value 09-2026: 0.5%● unchanged vs 08-2026highest value 10-2026: 0.5%● unchanged vs 09-2026highest value 11-2026: 0.5%● unchanged vs 10-2026highest value
Credit of up to €6,000 on 30-day terms, only on tighter conditions
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity is tight, with a current ratio of 1.1 (1.45 in 2024), below the usual 1.5. Short-term debt is 89.6% and cash 26.3% of total assets. 93.3% 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 71, small). It does better than 13% of them on solvency, 22% on liquidity, 3% on profitability and 7% on growth.

The bankruptcy probability was computed on 01-11-2026 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).

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

Six signals.
lowers riskraises riskneutral
raises risk · Loss of €418,725 (financial year 2025)
NBB · annual accounts
lowers risk · Liquidity: current ratio 1.10, cash €510,611
NBB · annual accounts
raises risk · Equity €131,165 (6.7% of total assets)
NBB · annual accounts
lowers risk · Sector: Architectural and engineering activities; technical testing and analysis (NACE 71)
KBO
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 892 sector peers (2025).
NBB · sector comparison
Position among 892 sector peers
Solvency
better than 15%
← 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 15-06-2026, 46 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
46 days early
2024
27 days early
2023
49 days early
2022
39 days early
2021
11 days early
2020
18 days early
2019
on the day
← 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 27 days before the deadline. In the sector (NACE 71), the median for financial year 2024 was 8 days before the deadline, and 34% 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 22 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
02-11-2026 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

Key points

  • Caution: From profit to loss in 2025after a profit of €34,515 in 2024 -€418,725 View
  • Caution: Lower net result than 90% of companies in architecture and engineeringsector median €35,976 · 894 companies -€418,725 View
  • Positive: Filed on time since financial year 2018accounts within the deadline every year 8 years View
  • Board changedlatest change 01-03-2026 · 6 in office 1 joined · 1 left View

Recent changes

  1. · Gazette deed Resignation: Amaury LE COQ DE PLETINCX (director)Appointments: Olivier SIMAL (class B director) and Cedric BOITTE (daily management delegate)
  2. · Gazette deed Reappointment: RSM INTERAUDIT (statutory auditor)
  3. · Gazette deed Appointments: Bruno Boccard, Amaury Le Cocq de Pletincx and Patrick BOCCARDResignation: Gilles BOTTOLIER (daily management delegate)
All 17 events

Comparable companies

These companies have the same main activity as STUDYBEL: engineering and related technical consultancy, excluding land surveyors (NACE 71121). They are comparable in size and age: total assets between €2m and €3m, founded between 1974 and 1996.

CompanyTotal assetsTurnover
STUDYBEL Evere€1.9m€4.4m
CERTISYS Brussel€3.0m€6.3m
LUX LUMEN Antwerpen€2.6m€4.7m
ABT - BELGIE Antwerpen€2.0m€2.6m
KH ENGINEERING BELGIE Antwerpen€2.4m€8.7m
PDM INDUSTRIAL MANAGEMENT SERVICES BELGIE Houthalen-Helchteren€2.1m€6.7m
Siempelkamp Plant Engineering Menen€2.9m€3.2m
Full comparison

Key facts about STUDYBEL

What is the company number of STUDYBEL?
The company number of STUDYBEL is 0422.415.501. The VAT number is the same number with BE in front: BE 0422.415.501.
Where is STUDYBEL based?
The registered office is at Genèvestraat 175, 1140 Evere.Company details
What does STUDYBEL do?
According to the KBO register, the main activity is engineering and related technical consultancy, excluding land surveyors (NACE 71121).
What is the legal form of STUDYBEL?
The legal form of STUDYBEL is Public limited company (NV).
When was STUDYBEL founded?
STUDYBEL was founded on 04-02-1982.
Is STUDYBEL still active?
Yes, STUDYBEL is an active enterprise in the KBO register.
How many employees does STUDYBEL have?
STUDYBEL had an average of 27.7 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
Which joint committee does STUDYBEL fall under?
In its 2021 annual accounts, STUDYBEL states joint committee 200 (Aanvullend Paritair Comité voor de bedienden).
What is the turnover of STUDYBEL?
The turnover of STUDYBEL was €4.4m in financial year 2025, according to the filed annual accounts.
Is STUDYBEL profitable?
In financial year 2025, STUDYBEL made a loss of €418,725.
Where can I find the annual accounts of STUDYBEL?
STUDYBEL filed 43 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of STUDYBEL due?
STUDYBEL must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

Next steps

See how customers, suppliers and banks see your own company and what to improve first.

Keep this company with today's facts in a case file.