STUDIBO HOLDING

Active

Private limited companyfounded 20251 yr activeGuldensporenpark 66, 9820 Merelbeke-Melle, BelgiumKBO/BCE: BE 1018.555.329

Summary

STUDIBO HOLDING has been active since 2025 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €62.69M and a net result of €-721k. Its solvency ranks better than 55% of 3187 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

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Checked score

Score 2025

64 / 100

Healthy

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes

Profitability12

Solvency84

Growth-

Track record67

Bankruptcy probability, 12 months

0.2% Very low

0%0.5%1.5%4%10%≥ 25%

Credit up to €200k at 30 days only on tighter terms

Liquidity tight (current ratio 1.13; short-term debt: 2.7% and cash: 0.5% of total assets), and 40.9% of the assets are financed with debt.

How do we compute the score and the probability?

Credit check for your own amount and term

Signals

Four signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Lower-failure-rate sector

In this sector companies fail less often than the Belgian average.

Gazette · bankruptcies per sector, NACE 70

Relative position

BE, all sectors

reference

Sector 70

lower

← fewer bankruptcies more bankruptcies →

Young company

A young company has little track record yet and statistically fails more often than an established one.

KBO · incorporation date

Age against the risk zone

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

59.1%

Return on assets

-0.7%

Age of the figures

9 mo

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 16-07-2026, 15 days ahead of the deadline.

NBB · 1 filing

Deviation from the deadline

2025

15 d early

← before the deadline after the deadline →

Checked, nothing found (1)

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, full schema

Turnover

€2.09M

EBIT margin

-5.4%

Net result

€-721k

Working capital

€384k

Balance-sheet composition

Assets €106.14M

97.0%

Fixed assets €102.91M

Current assets €3.23M

Equity and liabilities €106.14M

59.1%

40.9%

Equity €62.69M

Debt €43.45M

Debt finances 40.9% of the balance-sheet total.

Key figures and ratios

2025 value

EBITDA

€-106k

Cash flow

€-715k

Current ratio

1.13

Debt to equity

0.69

ROE

-1.1%

ROA

-0.7%

Interest coverage

-0.06

Debt ≤ 1 year

€2.85M

Debt > 1 year

€39.77M

Filed annual accounts As filed with the NBB · 2025 · 53 lines

Balance sheet Code2025

Assets

Total assets20/58€106.14M

Fixed assets21/28€102.91M

Tangible fixed assets22/27€155k

Furniture and vehicles24€56k

Other tangible fixed assets26€99k

Financial fixed assets28€102.75M

Affiliated companies280/1€102.75M

Participating interests280€38.09M

Amounts receivable281€64.66M

Current assets29/58€3.23M

Stocks and contracts in progress3€0

Amounts receivable within one year40/41€2.59M

Trade receivables40€1.06M

Other amounts receivable41€1.53M

Cash at bank and in hand54/58€547k

Deferred charges and accrued income490/1€91k

Equity and liabilities

Total equity and liabilities10/49€106.14M

Equity10/15€62.69M

Contributions10/11€63.41M

Profit (loss) carried forward14€-721k

Amounts payable17/49€43.45M

Amounts payable after more than one year17€39.77M

Financial debts170/4€39.77M

Credit institutions173€39.77M

Amounts payable within one year42/48€2.85M

Current portion of amounts payable after more than one year42€2.52M

Trade debts44€206k

Suppliers440/4€206k

Taxes, remuneration and social security45€123k

Taxes450/3€123k

Accrued charges and deferred income492/3€838k

Income statement Code2025

Operating income70/76A€2.09M

Turnover70€2.09M

Operating charges60/66A€2.20M

Goods for resale, raw materials and consumables60€670k

Purchases600/8€670k

Services and other goods61€1.52M

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k

Other operating charges640/8€509

Operating profit (loss)9901€-112k

Financial income75/76B€1.17M

Recurring financial income75€1.17M

Income from financial fixed assets750€1.07M

Income from current assets751€95k

Other financial income752/9€131

Financial charges65/66B€1.77M

Recurring financial charges65€1.77M

Debt charges650€1.77M

Other financial charges652/9€2k

Profit (loss) for the period before taxes9903€-721k

Profit (loss) for the period9904€-721k

Profit (loss) for the period to be appropriated9905€-721k

Appropriation of the result

Profit (loss) to be appropriated9906€-721k

The notes to these accounts (53 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Download as CSV

Timeline · acts, filings and financial milestones

All 17Gazette 16Filings 1

2026

10-08

State Gazette act Capital & shares · Statutes amendment

Capital increase · Share issue · Capital4 facts ▸

Capital increase, €2.335.620
Share issue, B, 1038050
Capital
Statutes amendment

16-07

State Gazette act Capital & shares · Statutes amendment

Capital increase · Capital · Statutes amendment5 facts ▸

Board meeting, 06-07-2026
Capital increase
Capital
Statutes amendment
Shareholding, 41376191, A

16-07

NBB filing Annual accounts filed

fiscal year 2025 · full schema

29-06

State Gazette act Statutes amendment

Approval · Capital increase · Capital9 facts ▸

General meeting
Approval
Capital increase, €7.127.750
Capital increase, €65.000
Statutes amendment
Capital
Statutes amendment
Capital increase condition, B-aandelen, 32500
Auditor report, 10-06-2026, Merelbeke-Melle

11-03

State Gazette act Appointments: MAKAVE (day-to-day manager) and BDO Bedrijfsrevisoren BV (statutory auditor)

Permanent representatives: Karel Verhaeghe and Sam Vander Vennet · Share issue · Capital8 facts ▸

Board meeting, 08-12-2025
General meeting, 29-01-2026
Share issue, Uitoefening van inschrijvingsrechten; aandelen niet volgestort bij uitgifte, 6363538
Capital
Director appointment, MAKAVE (day-to-day manager)
Permanent representative, Karel Verhaeghe
Auditor appointment, BDO Bedrijfsrevisoren BV
Permanent representative, Sam Vander Vennet

2025

03-11

State Gazette act Registered office · Statutes amendment

Approval · Capital increase · Capital7 facts ▸

General meeting
Approval, goedkeuring van het bijzonder verslag van het bestuursorgaan over de inbreng in natura
Capital increase, €4.129.816,75
Capital increase, €469.875
Capital
Registered-office move, 9820 Merelbeke, Guldensporenpark 66
Board meeting, 13-10-2025

15-10

State Gazette act Statutes amendment

Share issue3 facts ▸

Board meeting, 06-10-2025
Share issue, Uitgifte van nieuwe aandelen tegen inbreng in geld van € 1,00 per aandeel (4.035.230 aandelen voor € 4.035.230,00 en 873.809 aandelen voor € 873.809,00). Aandel…
Statutes amendment

22-07

State Gazette act Statutes amendment

Approval · Capital increase5 facts ▸

General meeting, 10-07-2025
Approval, inbreng in natura
Capital increase, €3.875.000,5
Capital increase, €110.000,25
Statutes amendment

16-07

State Gazette act Statutes amendment

Approval · Capital increase · Share issue5 facts ▸

General meeting, 01-07-2025
Approval, inbreng in natura
Capital increase, €165.000
Share issue, nieuwe aandelen, 117857
Statutes amendment

30-06

State Gazette act Miscellaneous

Approval · Capital increase · Statutes amendment5 facts ▸

General meeting, 23-06-2025
Approval, bijzonder verslag van het bestuursorgaan, inbreng in natura
Capital increase, €225.000
Capital increase, €250.000
Statutes amendment, Artikel 5

14-05

State Gazette act Statutes amendment · Miscellaneous

Share issue · Statutes amendment2 facts ▸

Share issue, 662653, 1.0
Statutes amendment, 5

12-05

State Gazette act Statutes amendment

Approval · Capital increase · Capital5 facts ▸

General meeting, 17/04/2025
Approval, verslag van het bestuursorgaan en van de bedrijfsrevisor, inbreng in natura
Capital increase, €754.585
Statutes amendment
Capital

Show earlier events

05-05

State Gazette act Statutes amendment · Miscellaneous

Share issue · Capital3 facts ▸

Board meeting, 17-04-2025
Share issue, subscription rights exercise, 3064770
Capital

03-04

State Gazette act Resignation: TILLSTACO (director)

Appointment: PERTILL (director) · Permanent representatives: VAN WAES Piet Joseph Dianne Cornelius, DECLERCK Siebrecht Georges Josephina and 2 others · Reappointments: RACCA Matteo Antonio, HAGENOUW Bastiaan Frederik Rudolf and 4 others17 facts ▸

General meeting, 21-03-2025
Approval, inbreng in natura
Capital increase, €4.000.000
Capital, €44.793.394
Statutes amendment
Director resignation, TILLSTACO (director)
Director appointment, PERTILL (director)
Permanent representative, VAN WAES Piet Joseph Dianne Cornelius
Director reappointment, RACCA Matteo Antonio (icelake bestuurder)
Director reappointment, HAGENOUW Bastiaan Frederik Rudolf (icelake bestuurder)
Director reappointment, SIGIS (icelake bestuurder)
Permanent representative, DECLERCK Siebrecht Georges Josephina
+5 further facts in this act

19-02

State Gazette act Reappointments: RACCA Matteo Antonio, HAGENOUW Bastiaan Frederik Rudolf and SIGIS

Appointments: TILLSTACO, ASB PROJECTS and CARA · Permanent representatives: DECLERCK Siebrecht Georges Josephina, VAN WAES Piet Joseph Dianne Cornelius and 2 others · Approval21 facts ▸

General meeting, 03-02-2025
Approval, inbreng in geld en inbreng in natura
Capital increase, €12.521.490
Share issue, inschrijvingsrechten, 15000000
Name change, STUDIBO HOLDING
Registered-office move, Ottergemsesteenweg-Zuid 808, Bus B214, 9000 Gent
Statutes amendment
Director reappointment, RACCA Matteo Antonio (icelake bestuurder)
Director reappointment, HAGENOUW Bastiaan Frederik Rudolf (icelake bestuurder)
Director reappointment, SIGIS (icelake bestuurder)
Director appointment, TILLSTACO (tillstaco bestuurder)
Director appointment, ASB PROJECTS (carthur bestuurder)
+9 further facts in this act

18-02

State Gazette act Capital & shares · Statutes amendment

Capital increase · Share issue · Capital5 facts ▸

General meeting, 31-01-2025
Capital increase, €28.271.903
Share issue, 28271903
Capital
Power of attorney, Ace Law BV

14-01

State Gazette act Incorporation

Appointments: RACCA Matteo Antonio, HAGENOUW Bastiaan Frederik Rudolf and SIGIS · Permanent representative: DECLERCK Siebrecht Georges Josephina · Founder12 facts ▸

Incorporation, 09-01-2025
Founder, ILC Newco XV B.V.
Founding capital, €1
Director appointment, RACCA Matteo Antonio (director)
Director appointment, HAGENOUW Bastiaan Frederik Rudolf (director)
Director appointment, SIGIS (director)
Permanent representative, DECLERCK Siebrecht Georges Josephina
Mandate compensation, RACCA Matteo Antonio
Mandate compensation, HAGENOUW Bastiaan Frederik Rudolf
Mandate compensation, SIGIS
Power of attorney, Ace Law BV
Power of attorney, AdMinisterie BV

State Gazette actNBB filing

Directors · office · real estate

Directors

7 directors, no change since 2025

Management Karel Verhaeghe

Day-to-day manager · since 08-12-2025 · Private limited company · perm. rep.: Karel Verhaeghe

Current

PerTill

Director · since 21-03-2025 · Private limited company · perm. rep.: VAN WAES Piet Joseph Dianne Cornelius

Current

ASB PROJECTS

Carthur bestuurder · since 03-02-2025 · Private limited company · perm. rep.: FEYS Bart

Current

CARA

Studibo bestuurder · since 03-02-2025 · Private limited company · perm. rep.: CAEYERS Johan Constance Jozef

Current

HAGENOUW Bastiaan Frederik Rudolf

Director · since 09-01-2025

Current

RACCA Matteo Antonio

Director · since 09-01-2025

Current

1 other director

SIGIS

Director · since 09-01-2025 · Private limited company · perm. rep.: DECLERCK Siebrecht Georges Josephina

Current

08-12-2025 Management Karel Verhaeghe: Appointed as Day-to-day manager

21-03-2025 PerTill: Appointed as Director

21-03-2025 TillStaCo: Resigned as Director

03-02-2025 ASB PROJECTS: Appointed as Carthur bestuurder

03-02-2025 CARA: Appointed as Studibo bestuurder

Full history in the Timeline (9 changes) →

Location & real-estate footprint

Registered office, Merelbeke-Melle · 1 establishment unit since 2025

establishment The establishment unit on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Guldensporenpark 669820 Merelbeke-Melle

Ground area

3.0 ha

Building footprint

1,409 m²

Volume, LiDAR

28,452 m³

Parcel 44043A0411/00H000, Flanders · tallest building 23.5 m, ±7 floors. Linked by address, not a title deed.

1 establishment unit

STUDIBO HOLDING

Guldensporenpark 66, 9820 Merelbeke-MelleActivities of holding companies

since 20252.370.635.161

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
44043A0411/00H000	Flanders	3.0 ha	1 · 1,409 m²	23.4 m · 7 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1

1 of 1 parcel with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Statutory auditor

1 auditor

BDO BEDRIJFSREVISOREN-BDO REVISEURS D'ENTREPRISESCurrent

Auditor · represented by Sam Vander Vennet

29-01-2026 → present

Articles of association

Purpose

Het aanleggen, het oordeelkundig uitbouwen en beheren van een onroerend vermogen; ... Het aanleggen, het oordeelkundig uitbouwen en beheren van een roerend patrimonium; ... Het…

Full purpose

Het aanleggen, het oordeelkundig uitbouwen en beheren van een onroerend vermogen; ... Het aanleggen, het oordeelkundig uitbouwen en beheren van een roerend patrimonium; ... Het toestaan van leningen, voorschotten en kredietopeningen; ... Administratie, consultancy en managementactiviteiten; ... Het beheren en verwerven van participaties.

according to the deed of 19-02-2025

Structure & network

Connections & network

5 connected companies

Shared directors

Linked via shared directors

Axi Holding

via RACCA Matteo Antonio and HAGENOUW Bastiaan Frederik Rudolf · Director

→

Axi International

via RACCA Matteo Antonio and HAGENOUW Bastiaan Frederik Rudolf · Director

→

DKM Customs Holding

via RACCA Matteo Antonio and HAGENOUW Bastiaan Frederik Rudolf · Non-statutory director

→

Studibo International

Shared corporate director

→

Show 1 more companies with a shared director

VK Global

Shared corporate director

→

Capital and shareholders

Shareholders according to the acts

Stated in the act act of 16-07-2026 ↗

Icelake 41,376,191 shares

At incorporation act of 14-01-2025 ↗

ILC Newco XV B.V. (BE 1018.483.469) founder

The Belgian State Gazette names shareholders only when an act mentions them; the share register itself is not published.

Capital over the years

10-08-2026 Capital increase of 2,335,620 EUR · 1,038,050 new shares
16-07-2026 Capital increase · 1,394,285 new shares
29-06-2026 Capital increase of 7,127,750 EUR · 3,563,874 new shares · in kind
29-06-2026 Capital increase of 65,000 EUR · 32,500 new shares · in cash
11-03-2026 Capital stated in the act · 66,046,369 shares
03-11-2025 Capital increase of 4,129,816.75 EUR · 2,359,895 new shares · in kind
03-11-2025 Capital increase of 469,875 EUR · 268,495 new shares · in cash
22-07-2025 Capital increase of 3,875,000.50 EUR · 2,214,286 new shares · in kind

Show 10 older capital entries

22-07-2025 Capital increase of 110,000.25 EUR · 62,857 new shares · in cash
16-07-2025 Capital increase of 165,000 EUR · 117,857 new shares · in kind
30-06-2025 Capital increase of 225,000 EUR · 225,000 new shares
30-06-2025 Capital increase of 250,000 EUR · 250,000 new shares
12-05-2025 Capital increase of 754,585 EUR · 754,585 new shares · in kind
05-05-2025 Capital stated in the act · 47,858,164 shares
03-04-2025 Capital increase of 4,000,000 EUR · 4,000,000 new shares · in kind
19-02-2025 Capital increase of 12,521,490 EUR · 12,521,490 new shares
18-02-2025 Capital increase of 28,271,903 EUR · 28,271,903 new shares
14-01-2025 Incorporation · 1 EUR · 1 share

Recognitions · licences · registrations

Legal Entity Identifier

64885E6FRKGP02364C67

live in the LEI register

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Of 82,562 companies in sector 70200 we hold annual accounts for 52,574. 1,640 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded10-01-2025

Fiscal year end31-12

Activities, NACEBEL 2025

70200Business and other management consultancy

82100Office administrative and support services

82990Other business support services

Sources

Crossroads Bank for EnterprisesNational Bank · 1 filingAddress and cadastre registers

Scores and ratios are computed by Checked and are not a credit decision.