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Checked processes every Belgian company, act by act, from the Belgian Official Gazette. The data below is real and verified, this company's full, act-by-act verified dossier is still being assembled.
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Summary
Conclusion
the dossier summarised in one paragraphThe computed 12-month bankruptcy probability of STUDIBO HOLDING is 0.3% (very low). The 2025 annual accounts show equity of €62.69M and a net result of €-721k. The company has been active since 2025 and the Belgian State Gazette contains no insolvency or warning signals.
Based on the State Gazette, CBE and 1 annual account.
Bankruptcy probability (12 mo)
Checked model v1 · free for everyone0.3%
Very low
0%0,5%1,5%4%10%≥25%
Lower-failure-rate sector
−Young company
+
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
Trust signals
2 signalsYoung company
Founded in 2025, under 3 years, statistically higher risk.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No administrative flags
Financials
Turnover€2.09M
EBIT margin-5.4%
Net result€-721k
Working capital€384k
Annual accounts & ratios
Source: NBB · 2025Annual accounts filed on 16-07-2026 with the NBB · fiscal year 2025 · volledig
| Fiscal year | 2025 |
|---|---|
| Revenue | €2.09M |
| EBITDA | €-106k |
| Net profit | €-721k |
| Cash flow | €-715k |
| Staff costs | - |
| Income taxes | - |
| Dividends | - |
| Total assets | €106.14M |
| Equity | €62.69M |
| Debt | €43.45M |
| of which ≤ 1y | €2.85M |
| of which > 1y | €39.77M |
| Working capital | €384k |
| Employees (FTE) | - |
Ratios (computed)
| 2025 | |
|---|---|
| Current ratio | 1.13 |
| Quick ratio | 1.13 |
| Working capital ratio | 0.4% |
| Solvency | 59.1% |
| Debt / equity | 0.69 |
| Long-term debt ratio | 0.63 |
| Interest coverage | -0.06 |
| Gross margin | 67.9% |
| Net margin | -34.5% |
| ROA | -0.7% |
| ROE | -1.1% |
| EBITDA margin | -5.1% |
| Days sales outstanding | 186d |
| Days payable outstanding | 112d |
| Inventory turnover | - |
| Days inventory (DSI) | 0d |
Balance-sheet composition 2025
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €106.14M |
| Fixed assets | 21/28 | €102.91M |
| Tangible fixed assets | 22/27 | €155k |
| Financial fixed assets | 28 | €102.75M |
| Current assets | 29/58 | €3.23M |
| Stocks & contracts in progress | 3 | €0 |
| Amounts receivable within one year | 40/41 | €2.59M |
| Cash & bank | 54/58 | €547k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €106.14M |
| Equity | 10/15 | €62.69M |
| Contributions / capital | 10/11 | €63.41M |
| Accumulated profits (losses) | 14 | €-721k |
| Amounts payable | 17/49 | €43.45M |
| Amounts payable after one year | 17 | €39.77M |
| Amounts payable within one year | 42/48 | €2.85M |
| Trade debts payable within one year | 44 | €206k |
| Income statement | ||
| Turnover | 70 | €2.09M |
| Operating result | 9901 | €-112k |
| Financial income | 75 | €1.17M |
| Financial charges | 65 | €1.77M |
| Result before taxes | 9903 | €-721k |
| Net result for the period | 9904 | €-721k |
| Result to be appropriated | 9905 | €-721k |
Ratios computed by Checked.
Health barometer
FY 2025 · computed40
/ 100
Weak
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Unlock the full score breakdown, per-year score history and the indicative credit limit with Plus.
See plans →Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Directors
Directors & mandates
7 directorsCurrent directors & mandates
-
Management Karel VerhaegheLegal entityDaily management· perm. rep.: Karel VerhaegheState Gazette act 26316245 (11-03-2026)Current08-12-2025 → present
-
PerTillLegal entityDirector· perm. rep.: VAN WAES Piet Joseph Dianne CorneliusState Gazette act 25323023 (03-04-2025)Current21-03-2025 → present
-
SIGISLegal entityDirector· perm. rep.: DECLERCK Siebrecht Georges JosephinaState Gazette act 25312694 (19-02-2025)Current19-02-2025 → present
-
Current03-02-2025 → present
-
CARALegal entityDirector· perm. rep.: CAEYERS Johan Constance JozefState Gazette act 25312694 (19-02-2025)Current03-02-2025 → present
-
TillStaCoLegal entityDirector· perm. rep.: VAN WAES Piet Joseph Dianne CorneliusState Gazette act 25312694 (19-02-2025)Current03-02-2025 → present
Former directors (1)
-
Former- → 21-03-2025
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.
Statutory auditor
2 auditors| Statutory auditor | IRE/IBR number | Tenure |
|---|---|---|
| BDO BEDRIJFSREVISOREN-BDO REVISEURS D'ENTREPRISESCurrent Statutory auditor · represented by Sam Vander Vennet |
- | 05-03-2026 → present |
| Finvision Bedrijfsrevisoren Company auditor · represented by Karel NIJS succeeded by BDO BEDRIJFSREVISOREN-BDO REVISEURS D'ENTREPRISES in 2026 |
- | 03-02-2025 → 05-03-2026 |
Appointed statutory auditor from the Belgian State Gazette. The IRE/IBR number refers to the register of the Institute of Registered Auditors.
Insolvency mandates
No insolvency mandates (liquidators, administrators) on record for this company.
Legal Structure
| NACE primary | Activiteiten van adviesbureaus op het gebied van bedrijfsvoering en overig managementadvies(70200) |
| Legal form | Private limited company(610) |
| Incorporation | 10-01-2025 |
| Status | Active |
| Postal code | 9820 |
Structure & network
Connections & network
25 connected companiesGroup structure
Parent · 1 subsidiary · 1 location
Control→
Parent · 455 subsidiaries · 9 locations
Control→
Parent · 1 subsidiary · 1 location
Control→
Parent · 2 subsidiaries · 1 location
Control→
Parent · 1 subsidiary · 1 location
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Parent · 1 subsidiary · 1 location
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Parent · 1 subsidiary · 1 location
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Network connections
Shared corporate director
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Connections derived from shared directors, addresses, shareholders and group structure in the Belgian State Gazette.
Locations & real estate
Registered office
on the map · from the address register
seat.Municipality
exact location from the address register
Establishment units
1 locationSTUDIBO HOLDING
since 20252.370.635.161
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area3.0 ha
Buildings1
Building footprint1,409 m²
Volume (LiDAR)28,452 m³
Tallest building23.5 m · ±7 fl.
Real-estate footprint
Source: CBE × cadastre · address linkingParcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.
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. |
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Publications
Lifecycle & Insolvency Signals
No insolvency signals in the Belgian State Gazette
Belgisch Staatsblad · acts
17 acts Company purpose
1. Het aanleggen, het oordeelkundig uitbouwen en beheren van een roerend patrimonium... 2. Het aanleggen, het oordeelkundig uitbouwen en beheren van een onroerend vermogen... 3. Het toestaan van leningen... 4. Administratie, consultancy en managementactiviteiten... 5. Het beheren en verwerven van participaties...
Per act of 07-07-2026
Capital history · 4
07-07-2026
Founding capital: amount: 1.0, shares: 1, currency: EUR
05-05-2026
v3.2
27-04-2026
v3.2
18-02-2025
v3.2
Address history · 1
19-02-2025
v3.2
All acts · 17
updated 1 month ago
2026
07-07-2026 Act object · Notarial deed · Incorporation · Founder
- Act object: OPRICHTING · Studibo International
- Publication: 07/07/2026 · Studibo International
- Filing: 03-07-2026 · Studibo International
- Notarial deed: 02-07-2026 · Studibo International
- Incorporation: 02-07-2026 · Studibo International
- Founder · STUDIBO HOLDING
- Purpose: 1. Het aanleggen, het oordeelkundig uitbouwen en beheren van een roerend patrimonium... 2. Het aanleggen, het oordeelkundig uitbouwen en beheren van een onroerend vermogen... 3. Het toestaan van leningen... 4. Administratie, consultancy en managementactiviteiten... 5. Het beheren en verwerven van participaties... · Studibo International
- Founding capital: amount: 1.0, shares: 1, currency: EUR · Studibo International
- First fiscal year: 31-12-2026 · Studibo International
- Officer appointment: role: bestuurder, term: duur van de vennootschap, start_date: 2026-07-02 · MANAGEMENT KAREL VERHAEGHE
- Permanent representative · VERHAEGHE Karel
- Mandate compensation: onbezoldigd · MANAGEMENT KAREL VERHAEGHE
- Power of attorney: formaliteiten bij KBO, btw-diensten, ondernemingsloketten · Ace Law BV
- Power of attorney: formaliteiten bij KBO, btw-diensten, ondernemingsloketten · AdMinisterie BV
- Power of attorney: ondertekening akte · COREMANS Ruth Tine Cyriel
Summary:
Act object · Notarial deed · Incorporation · FounderNotary:
HANSEN Lars
05-05-2026 Capital increase to €516,000
29-04-2026 Publication in the Belgian Official Gazette, Miscellaneous
Summary:
otherNotary:
Lisa SCHAMP · AntwerpenFirm:
Deckers notarissen
27-04-2026 Transaction in capital or shares
Summary:
v3.2
11-03-2026 Articles of association amended
Summary:
v3.2
2025
03-11-2025 Articles of association amended
Summary:
v3.2
15-10-2025 Articles of association amended
Summary:
v3.2
22-07-2025 Articles of association amended
Summary:
v3.2
16-07-2025 Articles of association amended
Summary:
v3.2
30-06-2025 Publication in the Belgian Official Gazette, Miscellaneous
Summary:
otherNotary:
Lars HANSEN · AntwerpenFirm:
Deckers notarissen
14-05-2025 Articles of association amended
Summary:
v3.2
12-05-2025 Articles of association amended
Summary:
v3.2
05-05-2025 Articles of association amended
Summary:
v3.2
03-04-2025 Articles of association amended
Summary:
v3.2
19-02-2025 Registered office moved from Brussel to Gent
- Marnixlaan 23, 1000 Brussel → Ottergemsesteenweg-Zuid 808, 9000 Gent
Summary:
v3.2
18-02-2025 Capital increase of €28,271,903
Summary:
v3.2
14-01-2025 Incorporation of a new BV
Summary:
oprichting
Analysis
Snowflake analysis
financial profile on 5 axes46
/ 100
Mixed profile: strong on solvency, weaker on profitability.
Computed on 4 of 5 axes. Not measured: growth. An unmeasured axis is not a zero: no data was read for it.
Health
40
Profitability
0
Solvency
79
Growth
-
Stability
67
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Names & trade names
| Legal nameNL | STUDIBO HOLDING |
Registered office
Guldensporenpark 66
9820 Merelbeke-Melle, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.