AED Studios
ActiveSummary
AED Studios has been active since 2013 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €813,917 and a net result of -€15,559. Equity has been shrinking by about 20% per year since 2018. Its solvency ranks better than 17% of 297 sector peers (NACE 90, financial year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 25-09-2013 Normal situation
- Registered office
- 26 active companies are registered at this address 3 started in the 12 months before. Source: KBO register, as of 5 November 2026.
- Activity
- Arts creation and performing arts activities NACE 90312and 5 others
- Joint committees
- 100 Auxiliary committee for blue-collar workers
- 227 Audiovisual sector · annual accounts 2025
- Establishment unit
- 2.229.981.894 2547 Lint, since 25-09-2013
- Financial year end
- 31 December
- Peppol
- Reachable since 01-10-2026
Board and ownership
- Glenn RoggemanChair
- Dean RoggemanDirector · since 26-03-2024
- Werner SponseleeDirector · since 01-04-2025
- Auditor
- VGD Bedrijfsrevisoren
- AED RENT NVconsolidates· score 90annual accounts 2024
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.4%
- Turnover
- €4.2m
- ▲ 2.2%
- Loss
- €15,559
- ▼ 96.0%
- Equity
- €813,917
- ▼ 1.9%
- Total assets
- €11.8m
- ▼ 2.6%
- Employees on 31-12-2025
- 6
- ▼ 14.3%
Score breakdownraises riskEquity €813,917 (6.9% of total assets)Loss of €15,559, the second in a row (financial year 2025)lowers riskSector: Arts creation and performing arts activities (NACE 90)Legal form: public limited companyShow the evidence
Checked score
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 90, micro). It does better than 21% of them on solvency, 31% on liquidity, 48% on profitability and 47% on growth.
The bankruptcy probability was computed on 04-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 16 days before the deadline. In the sector (NACE 90), the median for financial year 2024 was 4 days before the deadline, and 38% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, full format
Annual accounts 2025 filed on 14-07-2026 at the NBB all 12 filings
Every figure per financial year
The operating result for 2025 is nearly 4 times that of 2024 and the highest since 2022. It is a recovery after the fall in 2024.
Revenue breakdown
By geographic market 2020
- België €3,393,585100.0%
Source: 2020 accounts, page 19, filing 2021-38200591
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 6 | 6 | 7 | 7 | 6 |
| full-time | 6 | 5 | 5 | 5 | 5 |
| part-time | - | 1 | 2 | 2 | 1 |
| in full-time equivalents | 6 | 5.6 | 5.7 | 5.7 | 5.5 |
| Average over the year, in full-time equivalents | 7.7 | 5.8 | 5.8 | 6 | 6.4 |
| On a permanent contract | 6 | 6 | 7 | 7 | 6 |
| Joined | 0 | 2 | 2 | 1 | 1 |
| Left | 2 | 2 | 1 | 1 | 2 |
| Agency workers, average number | 7.7 | 0.2 | 0.4 | 0.1 | 0.3 |
Source: social balance sheet in the 2021 to 2025 annual accounts
Securities and guarantees
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Debts secured on the company's own assets | €8.5m | €7.6m | €9.6m | €8.5m | €9.1m |
| Mortgages, amount registered | €1.7m | €1.7m | €4.1m | €4.1m | €4.1m |
| Carrying value of the mortgaged assets | €5.4m | €5.8m | €8.0m | €8.2m | €8.4m |
Source: notes to the 2021 to 2025 annual accounts (statement of debts and off-balance-sheet rights and commitments)
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €884,064 | €1.3m | €3.6m | €1.1m | €1.4m |
| Depreciation and write-downs of the year | €1.7m | €1.7m | €1.9m | €1.7m | €1.6m |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Auditor
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Fee for the audit | €4,700 | €4,968 | €6,000 | €6,081 | €6,272 |
| Other work by the auditor | €4,480 | €6 | €6 | €7 | - |
| Work by persons linked to the auditor | - | €168 | - | - | - |
Source: notes to the 2021 to 2025 annual accounts (relations with the auditor)
Subsidies and aid
Flemish government
2022 · 1 entry · €60,000 awarded| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | - | €4.7m | €4.9m | €4.5m | €4.5m | €4.5m | ▲ 2.0% |
| Turnover70 | €3.0m | €2.5m | €3.4m | €3.8m | €4.4m | €4.2m | €4.1m | €4.2m | ▲ 2.2% |
| Other operating income74 | - | - | - | €0.9m | €0.5m | €0.2m | €0.4m | €0.3m | ▼ 34.3% |
| Non-recurring operating income76A | - | - | - | €0.01m | €0.04m | €0.004m | €0.009m | €0.1m | ▲ 15× |
| Operating charges60/66A | - | - | - | €4.4m | €4.3m | €4.3m | €4.4m | €4.3m | ▼ 3.0% |
| Goods for resale, raw materials and consumables60 | - | - | - | €0.6m | €0.3m | €0.4m | €0.5m | €0.4m | ▼ 12.7% |
| Purchases600/8 | - | - | - | €0.6m | €0.3m | €0.4m | €0.5m | €0.4m | ▼ 12.7% |
| Services and other goods61 | - | - | - | €1.7m | €1.7m | €1.4m | €1.4m | €1.5m | ▲ 8.5% |
| Remuneration, social security and pensions62 | - | - | - | €0.2m | €0.3m | €0.3m | €0.4m | €0.4m | ▲ 14.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1.5m | €1.6m | €1.6m | €1.7m | €1.7m | €1.9m | €1.7m | €1.6m | ▼ 9.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | -€0.04m | -€0.001m | -€0.01m | €0.01m | €0.02m | ▲ 101% |
| Other operating charges640/8 | - | - | - | €0.3m | €0.3m | €0.3m | €0.3m | €0.3m | ▲ 8.3% |
| Non-recurring operating charges66A | - | - | - | - | - | - | €0.1m | - | - |
| Operating profit (loss)9901 | €0.6m | €0.5m | €0.5m | €0.2m | €0.6m | €0.2m | €0.07m | €0.3m | ▲ 297% |
| Financial income75/76B | - | - | - | €0.001m | €0.004m | €360 | €276 | €0.1m | ▲ 364× |
| Recurring financial income75 | €0 | €20 | €64 | €0.001m | €0.004m | €360 | €276 | €0.1m | ▲ 364× |
| Other financial income752/9 | - | - | - | €0.001m | €0.004m | €360 | €276 | €0.1m | ▲ 364× |
| Financial charges65/66B | - | - | - | €0.3m | €0.3m | €0.3m | €0.5m | €0.4m | ▼ 10.3% |
| Recurring financial charges65 | €0.4m | €0.4m | €0.3m | €0.3m | €0.3m | €0.3m | €0.5m | €0.4m | ▼ 10.3% |
| Debt charges650 | €0.4m | €0.4m | €0.3m | €0.3m | €0.3m | - | €0.5m | €0.4m | ▼ 10.0% |
| Other financial charges652/9 | - | - | - | €0.004m | €0.004m | €0.3m | €0.004m | €0.002m | ▼ 40.7% |
| Profit (loss) for the period before taxes9903 | €0.3m | €0.2m | €0.2m | -€0.09m | €0.3m | -€0.1m | -€0.4m | -€0.02m | ▲ 96.1% |
| Income taxes67/77 | €282 | €220 | €177 | €0.03m | €313 | €418 | €437 | €0.001m | ▲ 24.0% |
| Taxes670/3 | - | - | - | €0.03m | €313 | €418 | €437 | €0.001m | ▲ 24.0% |
| Profit (loss) for the period9904 | €0.3m | €0.2m | €0.2m | -€0.1m | €0.3m | -€0.1m | -€0.4m | -€0.02m | ▲ 96.0% |
| Profit (loss) for the period to be appropriated9905 | €0.2m | €0.2m | €0.2m | -€0.1m | €0.3m | -€0.1m | -€0.4m | -€0.02m | ▲ 96.0% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €14.2m | €13.3m | €13.4m | €12.2m | €10.8m | €13.5m | €12.1m | €11.8m | ▼ 2.6% |
| Fixed assets21/28 | €12.6m | €11.6m | €10.8m | €10.0m | €9.6m | €11.4m | €10.6m | €10.3m | ▼ 3.0% |
| Tangible fixed assets22/27 | €12.6m | €11.6m | €10.8m | €10.0m | €9.6m | €11.4m | €10.6m | €10.3m | ▼ 3.0% |
| Land and buildings22 | - | - | - | €5.4m | €5.8m | €8.0m | €5.4m | €5.5m | ▲ 3.3% |
| Plant, machinery and equipment23 | - | - | - | €0.2m | €0.2m | €0.3m | €0.3m | €0.2m | ▼ 13.3% |
| Furniture and vehicles24 | - | - | - | €0.08m | €0.1m | €0.1m | €0.08m | €0.09m | ▲ 13.8% |
| Leasing and similar rights25 | - | - | - | €4.3m | €3.5m | €2.7m | €2.0m | €1.5m | ▼ 26.6% |
| Assets under construction and advance payments27 | - | - | - | - | - | €0.2m | €2.8m | €2.9m | ▲ 2.5% |
| Current assets29/58 | €1.6m | €1.7m | €2.5m | €2.2m | €1.3m | €2.1m | €1.5m | €1.6m | ▲ 0.4% |
| Amounts receivable within one year40/41 | €0.3m | €0.5m | €0.5m | €0.8m | €0.7m | €0.5m | €1.0m | €0.6m | ▼ 41.3% |
| Trade receivables40 | - | - | - | €0.7m | €0.6m | €0.4m | €0.6m | €0.6m | ▼ 8.1% |
| Other amounts receivable41 | - | - | - | €0.03m | €0.08m | €0.1m | €0.4m | €0.003m | ▼ 99.2% |
| Cash at bank and in hand54/58 | €1.3m | €1.2m | €2.0m | €1.4m | €0.5m | €1.6m | €0.5m | €0.9m | ▲ 63.6% |
| Deferred charges and accrued income490/1 | - | - | - | €0.02m | - | €0.01m | €0.03m | €0.09m | ▲ 185% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €14.2m | €13.3m | €13.4m | €12.2m | €10.8m | €13.5m | €12.1m | €11.8m | ▼ 2.6% |
| Equity10/15 | €3.8m | €3.9m | €4.1m | €1.0m | €1.3m | €1.2m | €0.8m | €0.8m | ▼ 1.9% |
| Contributions10/11 | €5.0m | €5.0m | €5.0m | €2.0m | €2.0m | €2.0m | €2.0m | €2.0m | = |
| Capital10 | - | - | - | €2.0m | €2.0m | €2.0m | €2.0m | €2.0m | = |
| Issued capital100 | - | - | - | €2.0m | €2.0m | €2.0m | €2.0m | €2.0m | = |
| Reserves13 | €0.002m | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Tax-exempt reserves132 | - | - | - | €0.006m | €0.006m | €0.006m | €0.006m | €0.006m | = |
| Profit (loss) carried forward14 | -€1.2m | -€1.1m | -€0.9m | -€1.0m | -€0.7m | -€0.8m | -€1.2m | -€1.2m | ▼ 1.3% |
| Amounts payable17/49 | €10.4m | €9.4m | €9.3m | €11.2m | €9.5m | €12.3m | €11.3m | €11.0m | ▼ 2.6% |
| Amounts payable after more than one year17 | €9.0m | €7.7m | €7.7m | €9.3m | €7.5m | €8.1m | €8.4m | €7.5m | ▼ 10.0% |
| Financial debts170/4 | - | - | - | €7.3m | €6.3m | €8.1m | €7.2m | €6.3m | ▼ 11.7% |
| Leasing and similar obligations172 | - | - | - | €4.3m | €3.5m | €2.6m | €2.1m | €1.4m | ▼ 32.6% |
| Credit institutions173 | - | - | - | €3.0m | €2.9m | €5.6m | €5.1m | €4.9m | ▼ 3.0% |
| Other amounts payable178/9 | - | - | - | €2.0m | €1.2m | - | €1.2m | €1.2m | = |
| Amounts payable within one year42/48 | €1.4m | €1.5m | €1.5m | €1.9m | €1.9m | €4.1m | €2.9m | €3.5m | ▲ 20.9% |
| Current portion of amounts payable after more than one year42 | - | - | - | €1.2m | €1.3m | €2.7m | €1.4m | €1.6m | ▲ 15.7% |
| Financial debts43 | - | - | - | - | - | €0.8m | €1.1m | €1.1m | ▲ 1.6% |
| Other loans439 | - | - | - | - | - | €0.8m | €1.1m | €1.1m | ▲ 1.6% |
| Trade debts44 | €0.1m | €0.1m | €0.2m | €0.6m | €0.6m | €0.6m | €0.2m | €0.7m | ▲ 192% |
| Suppliers440/4 | - | - | - | €0.6m | €0.6m | €0.6m | €0.2m | €0.7m | ▲ 192% |
| Taxes, remuneration and social security45 | - | - | - | €0.1m | €0.06m | €0.07m | €0.2m | €0.07m | ▼ 56.2% |
| Taxes450/3 | - | - | - | €0.06m | €0.02m | €0.02m | €0.1m | €0.03m | ▼ 73.4% |
| Remuneration and social security454/9 | - | - | - | €0.08m | €0.05m | €0.04m | €0.04m | €0.04m | ▲ 1.8% |
| Other amounts payable47/48 | - | - | - | - | - | - | €0.007m | €0.007m | = |
| Accrued charges and deferred income492/3 | - | - | - | €0.004m | €0.06m | €0.05m | €0.06m | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €0.3m | €0.2m | €0.2m | -€0.1m | €0.3m | -€0.1m | -€0.4m | -€0.02m | ▲ 96.0% |
| + Depreciation and write-downs630 | €1.5m | €1.6m | €1.6m | €1.7m | €1.7m | €1.9m | €1.7m | €1.6m | ▼ 9.4% |
| Operating cash flow (approximation) | €1.8m | €1.7m | €1.8m | €1.5m | €2.1m | €1.8m | €1.4m | €1.6m | ▲ 15.0% |
| Investment in fixed assets (approximation) | - | -€0.6m | -€0.9m | -€0.8m | -€1.3m | -€3.6m | -€1.0m | -€1.3m | ▼ 32.5% |
| Change in cash | - | -€0.1m | €0.8m | -€0.6m | -€0.9m | €1.1m | -€1.1m | €0.3m | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 1,037 companies had the same profile as AED Studios has now. Two years later, 93.8% were still going and 2.9% had gone bankrupt.
- Micro
- 10 to 20 years old
- solvency under 10%
- a small loss
Another 0.4% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of AED Studios itself is lower: 0.4% within 12 months. It rests on far more data about AED Studios than the profile alone.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 1,037 companies, not a prediction for AED Studios. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 12 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 14-07-2026 | 2026-00296936 | |
| 31-12-2024 | full format | 14-04-2025 | 2025-00069157 | |
| 31-12-2023 | full format | 11-07-2024 | 2024-00237232 | |
| 31-12-2022 | full format | 26-07-2023 | 2023-00272547 | |
| 31-12-2021 | full format | 11-07-2022 | 2022-20191613 | |
| 31-12-2020 | full format | 22-07-2021 | 2021-38200591 | |
| 31-12-2019 | full format | 08-10-2020 | 2020-60000259 | |
| 31-12-2018 | full format | 11-09-2019 | 2019-63900427 | |
| 31-12-2017 | full format | 25-06-2018 | 2018-22500425 | |
| 31-12-2016 | full format | 13-06-2017 | 2017-16900555 |
Board & ownership
Directors
Board 3
Day-to-day management 1
Statutory auditor 1
Owners and capital
Shareholders
1 ownerChain of control
- AED RENT NV
- AED Studios
Owners 1
- AED RENT NVconsolidating parentEquity €28.8m Profit of €3.4m in 2025 (profit of €2.3m in 2024) Checked score 90consolidates
Owners through the years 2013 to 2024
| Name | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| AED Rent | 99.99% | 40% | ||||||||||
| A.E.D. DISPLAY | 0.01% | |||||||||||
Source: lists of holdings in the owners' accounts
Mandate history
- Board
- Day-to-day management
- Statutory auditor
- mandate already running before its first mention
| Name | Functions and periods |
|---|---|
| Dean Roggeman |
|
| Glenn Roggeman |
|
| Werner Sponselee |
|
| VGD Bedrijfsrevisoren |
|
| AQUARIUS |
|
Network & group
Companies at the same address
25 other companies- XS AI Registered office · since 01-07-2026Founded in 2026 1039.724.489
- Iedereen Content Registered office · since 12-12-2025Founded in 2025 1031.531.850
- FLOWMATIC Registered office · since 02-12-2025Founded in 2025 · total assets €27,015 (2025) 1031.050.018
- Aeterno Monte Registered office · since 17-06-2025Founded in 2025 1024.409.971
- Overwerkt Registered office · since 16-10-2024Founded in 2024 · total assets €25,532 (2025) 1015.192.694
- DALTONS Registered office · since 08-08-2024Founded in 2024 · total assets €30,718 (2025) 1012.332.283
- Good Times Media Registered office · since 17-07-2024Founded in 2024 1011.685.254
- Academy for Cinema and Television Registered office · since 01-07-2023Founded in 2023 · total assets €35,412 (2025) 0800.144.288
- Medical Training Academy Registered office · since 25-01-2022Founded in 2022 · total assets €81,211 (2023) 0780.874.150
- Van Gaever, Kim (sole trader) Establishment · since 01-10-2021Founded in 2021 0775.428.292
Connections & network
3 current directorsThe network starts from the directors of AED Studios. Every other company they run is a node.
Timeline
Deeds, filings and financial milestones
26-01
Gazette deed
1 director appointed, 2 directors reappointedReappointments: Glenn Roggeman (director) and Werner Sponselee (director) · Appointment: Glenn Roggeman (chair of the board and managing director)4 points ▸
- General meeting, 01-04-2025
- Director reappointment, Glenn Roggeman
- Director reappointment, Werner Sponselee
- Director appointment, Glenn Roggeman (chair of the board and managing director)
- The deed holds 1 more point.
26-04
Gazette deed
Appointment: Dean Roggeman (director)2 points ▸
- General meeting, 26-03-2024
- Director appointment, Dean Roggeman
29-02
Gazette deed
Power of attorney: AQUARIUS NV2 points ▸
- Board meeting, 19-01-2024
- Power of attorney, AQUARIUS NV
26-10
Gazette deed
Reappointment: VGD Bedrijfsrevisoren (statutory auditor)Permanent representative: Bart Roose3 points ▸
- General meeting, 30-06-2023
- Auditor reappointment, VGD Bedrijfsrevisoren (statutory auditor)
- Permanent representative, Bart Roose
Show earlier events
30-11
Gazette deed
Resignation: Aquarius NV (director)Permanent representative: Luc Bertels · Director discharge: Aquarius NV6 points ▸
- General meeting, 26-10-2021
- Director resignation, Aquarius NV
- Permanent representative, Luc Bertels
- Director discharge, Aquarius NV
- Board meeting, 26-10-2021
- Power of attorney, Aquarius NV
- The deed holds 1 more point.
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Invoicing and payment
Financial year and general meeting
Accounts at the NBBEnvironmental permits
Source: Omgevingsloket Vlaanderen.
Sites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 11025C0623/00W005 | Flanders | 4.0 ha | 1 · 2.7 ha | 23.9 m · 3 |