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 18 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
GROWTH STUDIO from Hove, company number BE0720794231, closed financial year 2025 with a result of € 56,114 after tax. For that financial year GROWTH STUDIO recorded a gross margin of € 85,503 and equity of € 44,637. Compared with financial year 2024, the result moved from € 149,923 to € 56,114. The company is profitable. 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 4, 2026.
€ 44,637
▲ 16% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 56,114
▼ 63% vs 2024
Profit after tax over the fiscal year.
€ 11,294
▼ 81% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 50,000 paid out
89 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 2,454
▼ 49% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 26,806
▼ 57% vs 2024
Loans from banks and other lenders, long and short.
€ 399
▼ 64% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 11,040
▲ 43% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 59,246 | € 90,242 | € 86,147 | € 85,503 | ▼ 1% |
| Profit after taxes | € 48,115 | € 71,010 | € 149,923 | € 56,114 | ▼ 63% |
| Equity | € 69,550 | € 140,561 | € 38,523 | € 44,637 | ▲ 16% |
| Total debts | € 240,269 | € 208,572 | € 310,235 | € 254,792 | ▼ 18% |
| Cash | € 18,436 | € 50,973 | € 59,486 | € 11,294 | ▼ 81% |
| Retained profit | € 50,950 | € 121,961 | € 19,923 | € 26,037 | ▲ 31% |
| Dividend | € 106,000 | € 0 | € 251,961 | € 50,000 | ▼ 80% |
| Bank debt | € 131,725 | € 97,971 | € 62,213 | € 26,806 | ▼ 57% |
| Balance sheet total | € 309,820 | € 349,133 | € 348,758 | € 299,430 | ▼ 14% |
Key figures of GROWTH STUDIO, 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 GROWTH STUDIO?
What happened at GROWTH STUDIO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 56,114 (▼ 63% vs 2024). Source: NBB ↗
- New establishment in Hove. KBO
- Vincent Pirenne became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 48,115 profit in 2022 to € 56,114 profit in 2025.
Paid € 117,789 in corporate taxes since 2022.
Best year ever: 2024, with € 149,923 profit.
Paid out € 407,961 in dividends to the owners in total.
Management
Behind GROWTH STUDIO is Vincent Pirenne. Vincent Pirenne is also behind MATTERHOOD and BOARD OF INNOVATION.
Directors
According to the 2025 annual accounts
since 2019
Establishments
Establishment units
Physical locations of this company
Vredestraat 157
2540 Hove
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0720.794.231
- VAT number
- BE 0720.794.231
- Registered office
- Vredestraat 157, 2540 Hove
- Names & denominations
- GROWTH STUDIO
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 15 February 2019
- Peppol
- Active · Active since 6 Oct 2025
- Activities · NACE
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