Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
-
Shrinking team NBB
FTE fell two years in a row, from 27 to 23.9.
Financials
Financial year 2025
STUDIO EMMA from Brugge, company number BE0480535129, closed financial year 2025 with a result of € -527,308 after tax. For that financial year STUDIO EMMA recorded a gross margin of € 1.8 million and equity of € 85,302. Compared with financial year 2024, the result moved from € -301,045 to € -527,308. The company made a loss. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on June 25, 2026.
€ 85,302
▲ € 322,692 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -527,308
▼ 75 % more loss than in 2024
Profit after tax over the fiscal year.
€ 186,430
▲ 51% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -533,298.
People and assets in 2025
23.9
▼ 1.7 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 2.2 million
▲ 9% vs 2024
€ 92,900 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 13,997
▲ 82% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 277,724
▼ 31% vs 2024
Loans from banks and other lenders, long and short.
€ 316,038
▲ 51% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 350,332
▲ 18% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 1,776,117 | € 1,888,282 | € 1,834,818 | € 1,780,042 | ▼ 3% |
| Profit after taxes | € -8,910 | € -271,171 | € -301,045 | € -527,308 | ▼ € 226,263 |
| Equity | € 334,827 | € 63,656 | € -237,389 | € 85,302 | ▲ € 322,692 |
| Total debts | € 1,328,466 | € 1,112,245 | € 1,138,726 | € 992,780 | ▼ 13% |
| Cash | € 264,388 | € 191,953 | € 123,596 | € 186,430 | ▲ 51% |
| Land & buildings | € 377,018 | € 0 | - | - | |
| Retained profit | € -183,773 | € -454,944 | € -755,989 | € -533,298 | ▲ € 222,692 |
| Bank debt | € 801,303 | € 390,805 | € 399,732 | € 277,724 | ▼ 31% |
| Balance sheet total | € 1,663,293 | € 1,175,900 | € 901,336 | € 1,078,082 | ▲ 20% |
| Employees (FTE) | 28.2 | 27 | 25.6 | 23.9 | ▼ 1.7 |
Key figures of STUDIO EMMA, 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 EMMA?
What happened at STUDIO EMMA in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 527,308. Source: NBB ↗
- Odessa Consulting BV became a director. NBB
- Amaso BV became a director. NBB
- Gumption NV became a director. NBB
- New establishment in Brugge. KBO
- Start of the company according to the CBE. KBO
In short
From € 8,910 loss in 2022 to € 527,308 loss in 2025.
Paid € 31,306 in corporate taxes since 2022.
On average € 74,500 of value added per employee in 2025.
Management
The stake of Upsta comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
STUDIO EMMABehind STUDIO EMMA are Amaso BV, Odessa Consulting BV and Gumption NV. The shares are held by Upsta (100%). It owns 6.7% of Cloudstar itself.
Directors
According to the 2025 annual accounts
Managing director · represented by Lien Lemberechts
since 2026
Director · represented by Bart Embrechts
Also active at: BMATIX, Canguru Solutions, BRIGHTEST, JAG2 Solutions, valueXstream, Bmatix East, Upsta, Airwave +9 more
since 2022
Shareholders
100%
Participations
6.7%
Establishments
Establishment units
Physical locations of this company
Baron Ruzettelaan 3 box 4.3
8310 Brugge
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 8 companies are registered at this address.
All companies at this address →SOL.ONE
JEAN-LUC COTTYN
€ 31,034 gross margin · 2025
Sol1
€ 1.5 million gross margin · 2025
Philanthropic Corporate Partnerships
Advocatenkantoor Virginie Cottyn
€ 74,728 gross margin · 2025
+3 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
- 0480.535.129
- VAT number
- BE 0480.535.129
- Registered office
- Baron Ruzettelaan 3 bus 4.3, 8310 Brugge
- Names & denominations
- STUDIO EMMA
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 4 June 2003
- Peppol
- Active · Active since 21 Dec 2025
- Activities · NACE
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