Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 11 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
STUDAC INTERNATIONAL from Kortrijk, company number BE0453088483, closed financial year 2025 with a result of € 20,827 after tax. For that financial year STUDAC INTERNATIONAL recorded a gross margin of € 225,632 and equity of € 376,307. Compared with financial year 2024, the result moved from € 17,962 to € 20,827. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on April 8, 2026.
€ 376,307
▲ 6% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 20,827
▲ 16% vs 2024
Profit after tax over the fiscal year.
€ 27,654
▲ 195% 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 € 122,216.
People and assets in 2025
0
Average over the fiscal year, from the social balance sheet.
Debts at end 2025
€ 1.1 million
▼ 11% vs 2024
€ 130,000 is repaid this year. At this pace the long-term loan is gone in ≈ 8 years.
€ 1,126
▲ 3% vs 2024
Supplier invoices still open on the last day of the fiscal year.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 133,807 | € 218,939 | € 214,565 | € 225,632 | ▲ 5% |
| Profit after taxes | € -144,837 | € 42,666 | € 17,962 | € 20,827 | ▲ 16% |
| Equity | € 294,851 | € 337,517 | € 355,480 | € 376,307 | ▲ 6% |
| Total debts | € 1,703,692 | € 1,624,248 | € 1,391,567 | € 1,232,619 | ▼ 11% |
| Cash | € 268,588 | € 52,328 | € 9,379 | € 27,654 | ▲ 195% |
| Land & buildings | € 1,743,484 | € 1,785,684 | € 1,680,088 | € 1,580,691 | ▼ 6% |
| Retained profit | € 40,760 | € 83,427 | € 101,389 | € 122,216 | ▲ 21% |
| Bank debt | € 1,516,167 | € 1,336,167 | € 1,206,167 | € 1,076,166 | ▼ 11% |
| Balance sheet total | € 2,018,288 | € 1,977,561 | € 1,758,894 | € 1,616,824 | ▼ 8% |
Key figures of STUDAC INTERNATIONAL, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 30 April 2027.
What happened to STUDAC INTERNATIONAL?
What happened at STUDAC INTERNATIONAL in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Koenraad Vandelanotte stepped down as director. NBB
- Studac Belgium BV stepped down as director. NBB
- Felix, vertegenwoordigd door Hein Vandelanotte ingevolge volmacht Vandelanotte stepped down as director. NBB
- Patricia Vandelanotte stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 20,827 (▲ 16% vs 2024). Source: NBB ↗
- Koenraad Vandelanotte became a director. NBB
- Studac Belgium BV became a director. NBB
- Felix, vertegenwoordigd door Hein Vandelanotte ingevolge volmacht Vandelanotte became a director. NBB
In short
From € 144,837 loss in 2022 to € 20,827 profit in 2025.
Best year ever: 2023, with € 42,666 profit.
A new publication or filing at STUDAC INTERNATIONAL? We notify you, reason included.
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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
It owns 100% of Studac Kortrijk itself.
Directors
According to the 2025 annual accounts
since 2022 · until 2027
Director · represented by Hein Vandelanotte
Also active at: VANDELANOTTE ++, COHABS MA CAMPAGNE 2
since 2022 · until 2027
Felix, vertegenwoordigd door Hein Vandelanotte ingevolge volmacht Vandelanotte
Director
since 2022 · until 2027
Patricia Vandelanotte
Director
Also active at: INITEAM, DOUBLE DIGIT, CORE ONE, IGEMPA, HUVANA, GROEP GIDTS, STUDAC KORTRIJK, Iniflow
since 2022 · until 2027
Establishments
Establishment units
Physical locations of this company
Karmelietenlaan(Kor) 1
8500 Kortrijk
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 7 companies are registered at this address.
All companies at this address →BAB Kortrijk
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+2 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0453.088.483
- VAT number
- BE 0453.088.483
- Registered office
- Karmelietenlaan(Kor) 1, 8500 Kortrijk
- Names & denominations
- STUDAC INTERNATIONAL
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 7 July 1994
- Peppol
- Active · Active since 27 Mar 2025
- Activities · NACE
Handel in eigen onroerend goed
Activiteiten van holdings
Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies
Overige zakelijke dienstverlening, neg
Overige adviesbureaus op het gebied van bedrijfsbeheer; adviesbureaus op het gebied van bedrijfsvoering
Holdings