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.
-
Tight liquidity NBB
Cash and receivables cover 37 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Studibo Belgium from Merelbeke-Melle, company number BE0789522689, closed financial year 2025 with a result of € -2.4 million after tax. For that financial year Studibo Belgium recorded a gross margin of € -3.7 million and equity of € 11.1 million. Compared with financial year 2024, the result moved from € -586,111 to € -2.4 million. The company made a loss. The company holds a healthy buffer. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 6, 2026.
€ 11.1 million
▼ 18% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -2.4 million
▼ 305 % more loss than in 2024
Profit after tax over the fiscal year.
€ 421,179
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -3.7 million.
People and assets in 2025
2.4
▲ 2.1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 211,594
▲ € 192,775 vs 2024
€ 88,200 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.
€ 83,577
▲ € 81,036 vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 60.4 million
▲ 181% vs 2024
Loans from banks and other lenders, long and short.
€ 1.2 million
▲ € 1.1 million vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 29,672
▲ 12% vs 2024
Taxes, VAT and social contributions still to pay.
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| 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|
| Gross margin | € -273,290 | € 243,947 | € -3,714,600 | ▼ € 4 million |
| Profit after taxes | € -727,284 | € -586,111 | € -2,373,116 | ▼ € 1.8 million |
| Equity | € 5,844,741 | € 13,501,631 | € 11,128,516 | ▼ 18% |
| Total debts | € 17,582,652 | € 28,804,854 | € 69,735,986 | ▲ 142% |
| Cash | € 568,205 | € 0 | € 421,179 | |
| Retained profit | € -727,284 | € -1,313,395 | € -3,686,510 | ▼ € 2.4 million |
| Bank debt | € 15,042,032 | € 21,490,470 | € 60,394,252 | ▲ 181% |
| Balance sheet total | € 23,427,394 | € 42,306,486 | € 80,864,501 | ▲ 91% |
| Employees (FTE) | - | 0.3 | 2.4 | ▲ 2.1 |
Key figures of Studibo Belgium, fiscal years 2023 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 Studibo Belgium?
What happened at Studibo Belgium in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 2.4 million. Source: NBB ↗
- Makave BV became a director. NBB
- New establishment in Kortrijk. KBO
- ASB Projects bv became a director. NBB
- New establishment in Merelbeke-Melle. KBO
- Start of the company according to the CBE. KBO
In short
From € 727,284 loss in 2023 to € 2.4 million loss in 2025.
Paid € 250 in corporate taxes since 2023.
A new publication or filing at Studibo Belgium? 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
The stake of STUDIBO HOLDING, TillStaCo, CLAREBOUT comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
Studibo BelgiumBehind Studibo Belgium are ASB Projects bv and Makave BV. The shares are held by STUDIBO HOLDING (100%), TillStaCo (21.6%) and CLAREBOUT (19.2%). It owns 100% of Raco, 100% of Realed, 100% of FD Expertises, 100% of Soffel P ( abbreviate BESP), 100% of Studiebureau Kubiek and 100% of Vanderkeulen Sonderingen itself.
Directors
According to the 2025 annual accounts
Director · represented by Bart Feys
Also active at: FEYS, FEMAVA, FINVESTMENT, CésArt, STUDIBO HOLDING
since 2023
since 2025
Shareholders
Participations
100%
100%
100%
100%
100%
Lois Advies BV & Vastgoedimpuls
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
100%
Establishments
Establishment units
Physical locations of this company
Guldensporenpark 66
9820 Merelbeke-Melle
Elleboogstraat(Kor) 7
8500 Kortrijk
Active since 1 April 2025
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.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
DIGITALOCEAN-ASN - DigitalOcean, LLC, US
Website info
Features
Security
Details
- Company number
- 0789.522.689
- VAT number
- BE 0789.522.689
- Registered office
- Guldensporenpark 66, 9820 Merelbeke-Melle
- Names & denominations
- Studibo Belgium
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 9 August 2022
- Peppol
- Active · Active since 27 Nov 2025
- Contact
- studibo.be
- Activities · NACE
Activiteiten van holdings
Holdings