Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 52 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
sTuDio 44 from Mortsel, company number BE0443469647, closed financial year 2025 with a result of € 951 after tax. For that financial year sTuDio 44 recorded a gross margin of € 14,295 and equity of € 38,350. Compared with financial year 2024, the result moved from € 14,943 to € 951. The company is profitable. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on August 23, 2026.
€ 38,350
▲ 3% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 951
▼ 94% vs 2024
Profit after tax over the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € -3,915.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
Debts at end 2025
€ 71,972
▼ 23% vs 2024
€ 26,591 is repaid this year. At this pace the long-term loan is gone in ≈ 3 years.
€ 8,552
▼ 31% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 2,356
▼ 9% vs 2024
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 36,023 | € 23,932 | € 29,172 | € 14,295 | ▼ 51% |
| Profit after taxes | € 12,390 | € 2,717 | € 14,943 | € 951 | ▼ 94% |
| Equity | € -54,331 | € 22,456 | € 37,399 | € 38,350 | ▲ 3% |
| Total debts | € 197,483 | € 138,044 | € 114,824 | € 105,374 | ▼ 8% |
| Land & buildings | € 129,779 | € 120,563 | € 111,347 | € 102,132 | ▼ 8% |
| Retained profit | € -74,162 | € -19,810 | € -4,867 | € -3,915 | ▲ € 951 |
| Bank debt | € 125,008 | € 113,788 | € 93,438 | € 71,972 | ▼ 23% |
| Balance sheet total | € 143,152 | € 160,500 | € 152,224 | € 143,724 | ▼ 6% |
Key figures of sTuDio 44, 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 44?
What happened at sTuDio 44 in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 951 (▼ 94% vs 2024). filed late Source: NBB ↗
- New establishment in Mortsel. KBO
- Start of the company according to the CBE. KBO
In short
From € 12,390 profit in 2022 to € 951 profit in 2025.
Paid € 2,092 in corporate taxes since 2022.
Best year ever: 2024, with € 14,943 profit.
Management
Behind sTuDio 44 is Tony Le Duc. Tony Le Duc is also behind MINESTRONE.
Directors
According to the 2025 annual accounts
Establishments
Establishment units
Physical locations of this company
Floralaan 21
2640 Mortsel
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0443.469.647
- VAT number
- BE 0443.469.647
- Registered office
- Floralaan 21, 2640 Mortsel
- Names & denominations
- sTuDio 44
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 25 February 1991
- Peppol
- Active · Active since 29 Dec 2025
- Activities · NACE
Activiteiten van fotografen, met uitzondering van persfotografen
Fotostudio's en overige fotografische activiteiten
Schoonheidsverzorging en andere schoonheidsbehandelingen
Schoonheidszorg
Schoonheidsverzorging