Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Negative equity NBB
More debt than assets in 4 of the last 4 fiscal years.
-
Tight liquidity NBB
Cash and receivables cover 4 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
STUDIO PHOTO BOUTIQUE - LUC THIBAUT from Olne, company number BE0438281038, closed financial year 2025 with a result of € 9,830 after tax. For that financial year STUDIO PHOTO BOUTIQUE - LUC THIBAUT recorded a gross margin of € 13,621 and equity of € -137,827. Compared with financial year 2024, the result moved from € 6,083 to € 9,830. Profitable, and profit is growing. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 24, 2026.
€ -137,827
▲ € 9,830 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 9,830
▲ 62% vs 2024
Profit after tax over the fiscal year.
€ 1,750
▼ 42% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € -156,419.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 566
▼ 35% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 15,868
▲ 7% vs 2024
Loans from banks and other lenders, long and short.
€ 12,040
▲ 9% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 1,720
▲ 27% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 13,703 | € 14,970 | € 9,977 | € 13,621 | ▲ 37% |
| Profit after taxes | € 10,724 | € 11,642 | € 6,083 | € 9,830 | ▲ 62% |
| Equity | € -165,381 | € -153,739 | € -147,656 | € -137,827 | ▲ € 9,830 |
| Total debts | € 202,511 | € 187,332 | € 177,122 | € 169,760 | ▼ 4% |
| Cash | € 873 | € 1,224 | € 3,042 | € 1,750 | ▼ 42% |
| Retained profit | € -183,973 | € -172,331 | € -166,248 | € -156,419 | ▲ € 9,830 |
| Bank debt | € 18,103 | € 25,706 | € 14,805 | € 15,868 | ▲ 7% |
| Balance sheet total | € 37,130 | € 33,593 | € 29,465 | € 31,934 | ▲ 8% |
Key figures of STUDIO PHOTO BOUTIQUE - LUC THIBAUT, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to STUDIO PHOTO BOUTIQUE - LUC THIBAUT?
What happened at STUDIO PHOTO BOUTIQUE - LUC THIBAUT in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 9,830 (▲ 62% vs 2024). Source: NBB ↗
- New establishment in Fléron. KBO
- Luc THIBAUT became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 10,724 profit in 2022 to € 9,830 profit in 2025.
Best year ever: 2023, with € 11,642 profit.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind STUDIO PHOTO BOUTIQUE - LUC THIBAUT is Luc THIBAUT. Luc THIBAUT is also behind IMMIO.
Directors
According to the 2025 annual accounts
since 1989
Establishments
Establishment units
Physical locations of this company
Saint-Hadelin(SUPPRIME) 31
4877 Olne
Avenue des Martyrs 305
4620 Fléron
Active since 3 November 1989
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0438.281.038
- VAT number
- BE 0438.281.038
- Registered office
- Saint-Hadelin(SUPPRIME) 31, 4877 Olne
- Names & denominations
- STUDIO PHOTO BOUTIQUE - LUC THIBAUT
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 8 September 1989
- Peppol
- Active · Active since 1 Jan 2001
- Activities · NACE
Activiteiten van fotografen, met uitzondering van persfotografen
Fotostudio's en overige fotografische activiteiten
Detailhandel in corrigerende brillen, lenzen en zonnebrillen
Gespecialiseerde detailhandel in optische en fotografische artikelen, foto- en filmapparatuur, optische en precisie-instrumenten
Detailhandel in fotografische en optische artikelen en in precisieinstrumenten in gespecialiseerde winkels