STUDZ

Active

Private limited companyfounded 20233 yrs activeVrijboomstraat 18, 8460 Oudenburg, BelgiumKBO/BCE: BE 0805.294.196

The computed 12-month bankruptcy probability of STUDZ is 2.4% (moderate). The 2025 annual accounts show equity of €80k and a net result of €5k. Equity is growing by ~13.8% per year across the filed fiscal years. Its solvency ranks better than 73% of 27386 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2025

86 / 100

Excellent▼ -2 vs 2024

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability32▼-68

Solvency100▲+15

Growth52=

Stability94

Bankruptcy probability, 12 months

2.4% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €7k at 30 days acceptable

Liquidity ample (current ratio 2.09 against 1.43 in 2024), and 31.6% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 43

Relative position

BE, all sectors

reference

Sector 43

higher

← fewer bankruptcies more bankruptcies →

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

68.4%

Return on assets

4.3%

Age of the figures

8 mo

Filed after the deadline

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.

NBB · 3 filings

Deviation from the deadline

2025

27 d late

2024

20 d late

2023

30 d late

← before the deadline after the deadline →

The next deadline is still running

The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.

Companies Code · seven months

Position in the running window

15-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, micro schema

Equity

€80k▲ 6.8%

2024 · €75k

2023: €59k 2024: €75k

2023 → 2025

Total assets

€117k▼ 8.9%

2024 · €128k

2023: €128k 2024: €128k

2023 → 2025

Net result

€5k▼ 67.7%

2024 · €16k

2023: €56k 2024: €16k

2023 → 2025

Working capital

€40k▲ 73.8%

2024 · €23k

2023: €-2k 2024: €23k

2023 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line202320242025Trend

Equity€59k-€75k▲ 26.5%€80k▲ 6.8%

Operating result€70k-€20k▼ 71.7%€8k▼ 60.5%

Net result€56k-€16k▼ 72.1%€5k▼ 67.7%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result has fallen two years in a row; 2025 is 60% below 2024 and is the lowest year so far.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €117k

34.4%

65.6%

Fixed assets €40k▼ 22.4%

Current assets €77k▲ 0.2%

Equity and liabilities €117k

68.4%

31.6%

Equity €80k▲ 6.8%

Debt €37k▼ 30.9%

The debt ratio falls from 41.6% to 31.6%: equity grows while debt is paid down.

Key figures and ratios

2025 value · change against 2024

EBITDA

€22k▼

2024 · €33k

Cash flow

€20k▼

2024 · €29k

Solvency

68.4%▲

2024 · 58.4%

Current ratio

2.09▲

2024 · 1.43

Quick ratio

1.59▲

2024 · 1.21

Debt / equity

0.46▼

2024 · 0.71

ROE

6.3%▼

2024 · 20.9%

ROA

4.3%▼

2024 · 12.2%

Interest coverage

14.50▼

2024 · 152.06

Debt

€37k▼

2024 · €53k

Debt ≤ 1 year

€37k▼

2024 · €53k

Income taxes

€1k▼

2024 · €4k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2025 against 2024

Balance sheet Code20242025

Assets

Total assets20/58€128k€117k▼

Fixed assets21/28€52k€40k▼

Intangible fixed assets21€87€77▼

Tangible fixed assets22/27€52k€40k▼

Plant, machinery and equipment23€31k€23k▼

Furniture and vehicles24€21k€17k▼

Current assets29/58€76k€77k▲

Stocks and contracts in progress3€12k€19k▲

Stocks30/36€12k€19k▲

Amounts receivable within one year40/41€15k€35k▲

Trade receivables40€13k€32k▲

Other amounts receivable41€2k€4k▲

Cash at bank and in hand54/58€49k€23k▼

Deferred charges and accrued income490/1€488€0▼

Equity and liabilities

Total equity and liabilities10/49€128k€117k▼

Equity10/15€75k€80k▲

Contributions10/11€3k€3k=

Reserves13€72k€77k▲

Distributable reserves133€72k€77k▲

Amounts payable17/49€53k€37k▼

Amounts payable within one year42/48€53k€37k▼

Trade debts44€25k€18k▼

Suppliers440/4€25k€18k▼

Taxes, remuneration and social security45€8k€4k▼

Taxes450/3€5k€2k▼

Remuneration and social security454/9€4k€1k▼

Other amounts payable47/48€20k€15k▼

Accrued charges and deferred income492/3€0€333▲

Income statement Code20242025

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13k€14k▲

Other operating charges640/8€541€837▲

Gross operating margin9900€34k€23k▼

Operating profit (loss)9901€20k€8k▼

Financial income75/76B€58€133▲

Recurring financial income75€58€133▲

Financial charges65/66B€219€2k▲

Recurring financial charges65€219€2k▲

Profit (loss) for the period before taxes9903€20k€6k▼

Income taxes67/77€4k€1k▼

Profit (loss) for the period9904€16k€5k▼

Profit (loss) for the period to be appropriated9905€16k€5k▼

Appropriation of the result

Profit (loss) to be appropriated9906€16k€5k▼

Transfer to equity691/2€16k€5k▼

To other reserves6921€16k€5k▼

The notes to these accounts (15 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 4Financial 1Filings 3

Next filing, fiscal year 2026, expected by 31-07-2027

2026

27-08

NBB filing Annual accounts filed

fiscal year 2025 · micro schema · 27 days late

2025

31-12

Financial Weakest financial yearnet €5k ▼67.7%

Net result drops to €5k, the lowest in the series.

20-08

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 20 days late

2024

30-08

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 30 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

1 act for this company is 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, Oudenburg · 1 establishment unit since 2023

establishment The establishment unit on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Vrijboomstraat 188460 Oudenburg

Ground area

747 m²

Building footprint

274 m²

Volume, LiDAR

1,575 m³

Parcel 35004C0705/00X003, Flanders · tallest building 6.7 m, ±2 floors. Linked by address, not a title deed.

1 establishment unit

STUDZ

Vrijboomstraat 18, 8460 OudenburgManufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials

since 20232.349.276.652

1 parcel

Flanders 1 (100%)