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AED Studios

Active
Public limited companyfounded 2013active for 13 yearsFabriekstraat 38, 2547 Lint, BelgiumKBO/BCE: BE 0539.704.337
Summary

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

Board
Auditor
VGD Bedrijfsrevisoren
Shareholders

Financial position

82 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.4%
Annual accounts 2025
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

Score 2025
82 / 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 36% of micro companies in creative and performing arts (NACE 90)
Financial strength · tick: 2024
Average
Solvency 32=
equity 6.9% of total assets
Liquidity 47=
short-term debt 29.4% · cash 7.6%
Profitability 71+6
return on assets -0.1%
Bankruptcy probability within 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%

About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (3,430 companies, NACE 90, micro)
Last 24 months 12-2024: 0.2% 01-2025: 0.2%● unchanged vs 12-2024 02-2025: 0.2%● unchanged vs 01-2025 03-2025: 0.2%● unchanged vs 02-2025lowest value 04-2025: 0.2%● unchanged vs 03-2025 05-2025: 0.4%▲ +0.2 percentage points vs 04-2025 06-2025: 0.4%● unchanged vs 05-2025 07-2025: 0.5%▲ +0.1 percentage points vs 06-2025 08-2025: 0.5%● unchanged vs 07-2025 09-2025: 0.5%● unchanged vs 08-2025 10-2025: 0.5%● unchanged vs 09-2025 11-2025: 0.5%● unchanged vs 10-2025 12-2025: 0.5%● unchanged vs 11-2025 01-2026: 0.5%● unchanged vs 12-2025 02-2026: 0.4%▼ -0.1 percentage points vs 01-2026 03-2026: 0.4%● unchanged vs 02-2026 04-2026: 0.4%● unchanged vs 03-2026 05-2026: 0.4%● unchanged vs 04-2026 06-2026: 0.5%▲ +0.1 percentage points vs 05-2026 07-2026: 0.5%● unchanged vs 06-2026highest value 08-2026: 0.4%▼ -0.1 percentage points vs 07-2026 09-2026: 0.4%● unchanged vs 08-2026 10-2026: 0.4%● unchanged vs 09-2026 11-2026: 0.4%● unchanged vs 10-2026
Credit of up to €65,000 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.45 (0.54 in 2024), below 1. Short-term debt is 29.4% and cash 7.6% of total assets. 93.1% of the assets are financed with debt and provisions.
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

Seven signals.
lowers riskraises riskneutral
raises risk · Equity €813,917 (6.9% of total assets)
NBB · annual accounts
raises risk · Loss of €15,559, the second in a row (financial year 2025)
NBB · annual accounts
lowers risk · Sector: Arts creation and performing arts activities (NACE 90)
KBO
lowers risk · Legal form: public limited company
KBO
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025
Net result per financial year
1819202122232425
2018 to 2025 · latest year -€15,559
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 297 sector peers (2025).
NBB · sector comparison
Position among 297 sector peers
Solvency
better than 17%
← weakest strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 14-07-2026, 17 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
17 days early
2024
108 days early
2023
20 days early
2022
5 days early
2021
20 days early
2020
9 days early
2019
69 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

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)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 12 July (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
05-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Financials

Financials · financial year 2025, full format

Annual accounts 2025 filed on 14-07-2026 at the NBB all 12 filings

Turnover
€4.2m▲ 2.2%
2024 · €4.1m
EBIT margin
7.1%▲ 5.3pp
2024 · 1.8%
Net result
-€15,559▲ 96.0%
2024 · -€384,538
Working capital
-€1.9m▼ 44.7%
2024 · -€1.3m
Multi-year overview
2018 to 2025, 8 financial years
Turnover
€4.2m
▲ 2.2% 2025
20182025
Operating result
€296,278
▲ 297% 2025
20182025
Net result
-€15,559
▲ 96.0% 2025
lowest quarter of the sector
20182025
EBIT margin
7.1%
▲ 5.3pp 2025
20182025
Equity
€813,917
▼ 1.9% 2025
middle half of the sector
20182025
Total assets
€11.8m
▼ 2.6% 2025
highest quarter of the sector
20182025
Debt
€11.0m
▼ 2.6% 2025
20182025
Working capital
-€1.9m
▼ 44.7% 2025
lowest quarter of the sector
20182025
Solvency
6.9%
= 2025
lowest quarter of the sector
20182025
Current ratio
0.45
▼ 0.09 2025
lowest quarter of the sector
20182025
Return on assets (ROA)
-0.1%
▲ 3.0pp 2025
middle half of the sector
20182025
Staff (FTE)
6.4
▲ 6.7% 2025
middle half of the sector
20182025
Every figure per financial year
Every figure with its change against the financial year before
favourable unfavourable
Line20182019202020212022202320242025
Turnover€3.0m-€2.5m▼ 17.9%€3.4m▲ 36.5%€3.8m▲ 11.5%€4.4m▲ 15.8%€4.2m▼ 3.0%€4.1m▼ 4.3%€4.2m▲ 2.2%
Operating result€0.6m-€0.5m▼ 16.8%€0.5m▼ 6.5%€0.2m▼ 56.8%€0.6m▲ 179%€0.2m▼ 71.3%€0.07m▼ 57.2%€0.3m▲ 297%
Net result€0.3m-€0.2m▼ 32.0%€0.2mabove the sector's middle half▼ 3.7%-€0.1mbelow the sector's middle half€0.3mabove the sector's middle half-€0.1mbelow the sector's middle half-€0.4mbelow the sector's middle half▼ 281%-€0.02mbelow the sector's middle half▲ 96.0%
EBIT margin21.3%-21.6%▲ 0.3pp14.8%▼ 6.8pp5.7%▼ 9.1pp13.9%▲ 8.1pp4.1%▼ 9.7pp1.8%▼ 2.3pp7.1%▲ 5.3pp
Equity€3.8m-€3.9m▲ 4.5%€4.1mabove the sector's middle half▲ 4.2%€1.0mabove the sector's middle half▼ 76.2%€1.3mabove the sector's middle half▲ 34.6%€1.2mabove the sector's middle half▼ 7.7%€0.8mabove the sector's middle half▼ 31.7%€0.8mwithin the sector's middle half▼ 1.9%
Total assets€14.2m-€13.3m▼ 6.3%€13.4mabove the sector's middle half▲ 0.5%€12.2mabove the sector's middle half▼ 8.6%€10.8mabove the sector's middle half▼ 11.2%€13.5mabove the sector's middle half▲ 24.6%€12.1mabove the sector's middle half▼ 10.2%€11.8mabove the sector's middle half▼ 2.6%
Debt€10.4m-€9.4m▼ 10.2%€9.3m▼ 1.0%€11.2m▲ 21.3%€9.5m▼ 15.2%€12.3m▲ 29.0%€11.3m▼ 8.1%€11.0m▼ 2.6%
Working capital€0.2m-€0.2m▼ 2.0%€1.0mabove the sector's middle half▲ 358%€0.3mwithin the sector's middle half▼ 73.7%-€0.7mbelow the sector's middle half-€2.0mbelow the sector's middle half▼ 195%-€1.3mbelow the sector's middle half▲ 32.1%-€1.9mbelow the sector's middle half▼ 44.7%
Solvency26.5%-29.6%▲ 3.1pp30.7%within the sector's middle half▲ 1.1pp8.0%below the sector's middle half▼ 22.7pp12.1%below the sector's middle half▲ 4.1pp9.0%below the sector's middle half▼ 3.1pp6.8%below the sector's middle half▼ 2.1pp6.9%below the sector's middle half=
Current ratio1.16-1.15▼ 0.011.68within the sector's middle half▲ 0.531.14below the sector's middle half▼ 0.540.66below the sector's middle half▼ 0.480.52below the sector's middle half▼ 0.130.54below the sector's middle half▲ 0.020.45below the sector's middle half▼ 0.09
Return on assets (ROA)1.8%-1.3%▼ 0.5pp1.2%within the sector's middle half▼ 0.1pp-1.0%within the sector's middle half▼ 2.2pp3.1%within the sector's middle half▲ 4.1pp-0.7%within the sector's middle half▼ 3.9pp-3.2%below the sector's middle half▼ 2.4pp-0.1%within the sector's middle half▲ 3.0pp
Staff (FTE)7.4-7▼ 5.4%7.8within the sector's middle half▲ 11.4%7.7within the sector's middle half▼ 1.3%5.8within the sector's middle half▼ 24.7%5.8within the sector's middle half=6within the sector's middle half▲ 3.4%6.4within the sector's middle half▲ 6.7%
above within below The sector band is the middle half of the companies in Arts creation and performing arts activities (NACE 90). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.

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.

Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €11.8m
Fixed assets €10.3m ▼ 3.0%
Current assets €1.6m ▲ 0.4%
Equity and liabilities €11.8m
Equity €813,917 ▼ 1.9%
Debt €11.0m ▼ 2.6%
Debt's share of the balance-sheet total stays at 93.1%.
Key figures and ratios
2025 value · change against 2024
EBITDA
€1.9m▲
2024 · €1.8m
Cash flow
€1.6m▲
2024 · €1.4m
Debt to equity
13.51▼
2024 · 13.61
ROE
-1.9%▲
2024 · -46.4%
Interest coverage
4.59▲
2024 · 4.01
Debt ≤ 1 year
€3.5m▲
2024 · €2.9m
Debt > 1 year
€7.5m▼
2024 · €8.4m
Income taxes
€542▲
2024 · €437
Customer credit
50 days▼
2024 · 55 days
Supplier credit
133 days▲
2024 · 47 days
Staff costs
€424,360▲
2024 · €372,100
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Revenue breakdown

as filed

By geographic market 2020

  • België €3,393,585100.0%

Source: 2020 accounts, page 19, filing 2021-38200591

All years (2017 to 2020)
By geographic market2017201820192020
België€2,382,704€3,028,484€2,486,871€3,393,585

Staff

social balance sheet
Item31-12-202131-12-202231-12-202331-12-202431-12-2025
Employees at the balance-sheet date66776
full-time65555
part-time-1221
in full-time equivalents65.65.75.75.5
Average over the year, in full-time equivalents7.75.85.866.4
On a permanent contract66776
Joined02211
Left22112
Agency workers, average number7.70.20.40.10.3

Source: social balance sheet in the 2021 to 2025 annual accounts

Securities and guarantees

on own assets and for others
Item20212022202320242025
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

fixed assets acquired
Item20212022202320242025
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

fees
Item20212022202320242025
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
Schemes
1 entry · €60,000 · Vlaams Energie- en Klimaatagentschap
Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 68 lines
Balance sheet Code20242025
Assets
Total assets20/58€12.1m€11.8m▼
Fixed assets21/28€10.6m€10.3m▼
Tangible fixed assets22/27€10.6m€10.3m▼
Land and buildings22€5.4m€5.5m▲
Plant, machinery and equipment23€0.3m€0.2m▼
Furniture and vehicles24€0.08m€0.09m▲
Leasing and similar rights25€2.0m€1.5m▼
Assets under construction and advance payments27€2.8m€2.9m▲
Current assets29/58€1.5m€1.6m▲
Amounts receivable within one year40/41€1.0m€0.6m▼
Trade receivables40€0.6m€0.6m▼
Other amounts receivable41€0.4m€0.003m▼
Cash at bank and in hand54/58€0.5m€0.9m▲
Deferred charges and accrued income490/1€0.03m€0.09m▲
Equity and liabilities
Total equity and liabilities10/49€12.1m€11.8m▼
Equity10/15€0.8m€0.8m▼
Contributions10/11€2.0m€2.0m=
Capital10€2.0m€2.0m=
Issued capital100€2.0m€2.0m=
Reserves13€0.006m€0.006m=
Tax-exempt reserves132€0.006m€0.006m=
Profit (loss) carried forward14-€1.2m-€1.2m▼
Amounts payable17/49€11.3m€11.0m▼
Amounts payable after more than one year17€8.4m€7.5m▼
Financial debts170/4€7.2m€6.3m▼
Leasing and similar obligations172€2.1m€1.4m▼
Credit institutions173€5.1m€4.9m▼
Other amounts payable178/9€1.2m€1.2m=
Amounts payable within one year42/48€2.9m€3.5m▲
Current portion of amounts payable after more than one year42€1.4m€1.6m▲
Financial debts43€1.1m€1.1m▲
Other loans439€1.1m€1.1m▲
Trade debts44€0.2m€0.7m▲
Suppliers440/4€0.2m€0.7m▲
Taxes, remuneration and social security45€0.2m€0.07m▼
Taxes450/3€0.1m€0.03m▼
Remuneration and social security454/9€0.04m€0.04m▲
Other amounts payable47/48€0.007m€0.007m=
Accrued charges and deferred income492/3€0.06m-
Income statement Code20242025
Operating income70/76A€4.5m€4.5m▲
Turnover70€4.1m€4.2m▲
Other operating income74€0.4m€0.3m▼
Non-recurring operating income76A€0.009m€0.1m▲
Operating charges60/66A€4.4m€4.3m▼
Goods for resale, raw materials and consumables60€0.5m€0.4m▼
Purchases600/8€0.5m€0.4m▼
Services and other goods61€1.4m€1.5m▲
Remuneration, social security and pensions62€0.4m€0.4m▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1.7m€1.6m▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€0.01m€0.02m▲
Other operating charges640/8€0.3m€0.3m▲
Non-recurring operating charges66A€0.1m-
Operating profit (loss)9901€0.07m€0.3m▲
Financial income75/76B€276€0.1m▲
Recurring financial income75€276€0.1m▲
Other financial income752/9€276€0.1m▲
Financial charges65/66B€0.5m€0.4m▼
Recurring financial charges65€0.5m€0.4m▼
Debt charges650€0.5m€0.4m▼
Other financial charges652/9€0.004m€0.002m▼
Profit (loss) for the period before taxes9903-€0.4m-€0.02m▲
Income taxes67/77€437€0.001m▲
Taxes670/3€437€0.001m▲
Profit (loss) for the period9904-€0.4m-€0.02m▲
Profit (loss) for the period to be appropriated9905-€0.4m-€0.02m▲
Appropriation of the result
Profit (loss) to be appropriated9906-€1.2m-€1.2m▼
Profit (loss) brought forward from the previous period14P-€0.8m-€1.2m▼
Social balance sheet
Average headcount (FTE)90876.06.4▲

The notes to these accounts have 76 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 14-07-2026.

Line20182019202020212022202320242025Change
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%
Line20182019202020212022202320242025Change
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--
Line20182019202020212022202320242025Change
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.

Download as CSV

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
93.8% was still going
2.9% stopped otherwise
2.9% went bankrupt

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.

The companies in ten equal groups, from the lowest to the highest expected share
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 PDF
31-12-2024 full format 14-04-2025 2025-00069157 PDF
31-12-2023 full format 11-07-2024 2024-00237232 PDF
31-12-2022 full format 26-07-2023 2023-00272547 PDF
31-12-2021 full format 11-07-2022 2022-20191613 PDF
31-12-2020 full format 22-07-2021 2021-38200591 PDF
31-12-2019 full format 08-10-2020 2020-60000259 PDF
31-12-2018 full format 11-09-2019 2019-63900427 PDF
31-12-2017 full format 25-06-2018 2018-22500425 PDF
31-12-2016 full format 13-06-2017 2017-16900555 PDF

Show all 12 filings

Board & ownership

Directors

Directors
3 directors, 1 in day-to-day management, last change in 2025

Board 3

Glenn Roggeman
Chair of the board and managing director · appointed by deed of 26-01-2026 · Director · since 01-04-2025 · 6-year term from 2025 · listed in the 2025 annual accounts, filed on 14-07-2026
Current
Dean Roggeman
Director · since 26-03-2024 · 6-year term from 2024 · listed in the 2025 annual accounts, filed on 14-07-2026
Current
Werner Sponselee
Director · since 01-04-2025 · 6-year term from 2025 · listed in the 2025 annual accounts, filed on 14-07-2026
Current

Day-to-day management 1

Glenn Roggeman
Chair of the board and managing director · appointed by deed of 26-01-2026 · 6-year term from 2025
Current

Statutory auditor 1

VGD Bedrijfsrevisoren
Statutory auditor · appointed by deed of 26-10-2023 · permanent representative: Bart Roose
Current

Owners and capital

Shareholders

1 owner

Chain of control

  1. AED RENT NV consolidates
  2. AED Studios

Owners 1

Owners through the years 2013 to 2024
Owners through the years
Name201320142015201620172018201920202021202220232024
AED Rent 99.99%40%
A.E.D. DISPLAY 0.01%

Source: lists of holdings in the owners' accounts

Mandate history

5 people, 4 in office
Show
  • Board
  • Day-to-day management
  • Statutory auditor
  • mandate already running before its first mention
Mandates per person, with start and end dates
Name Functions and periods
Dean Roggeman
  • Director, from 26-03-2024 to date
Glenn Roggeman
  • Chair of the board and managing director, from 01-04-2025 to date
  • Director, since before 01-04-2025
  • Chair of the board and managing director, appointed by deed of 26-01-2026, still in office
Werner Sponselee
  • Director, since before 01-04-2025
VGD Bedrijfsrevisoren
  • Statutory auditor, appointed by deed of 26-10-2023, still in office
AQUARIUS
  • Director, until 30-11-2021
See the board, name and registered office on a given date →

Network & group

Companies at the same address

25 other companies

Connections & network

3 current directors
Depth

The network starts from the directors of AED Studios. Every other company they run is a node.

This company Company Director Shareholding +N: links not shown yet Click a node to look further, drag to arrange, zoom with the mouse wheel.

Timeline

Deeds, filings and financial milestones

Deadline for the 2026 accounts: 31-07-2027
2026
14-07
NBB filing Annual accounts 2025 filedNBB
full format · 17 days before the deadline
26-01
Gazette deed 1 director appointed, 2 directors reappointed
Reappointments: 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.

Open the deed in the Belgian Official Gazette

2025
14-04
NBB filing Annual accounts 2024 filedPDF
full format · 108 days before the deadline
2024
31-12
Financial Weakest financial yearnet -€384,538
The net result drops to -€384,538, the lowest from 2018 to 2025. It recovers the following year.
11-07
NBB filing Annual accounts 2023 filedPDF
full format · 20 days before the deadline
26-04
Gazette deed Appointment: Dean Roggeman (director)
2 points ▸
  • General meeting, 26-03-2024
  • Director appointment, Dean Roggeman

Open the deed in the Belgian Official Gazette

29-02
Gazette deed Power of attorney: AQUARIUS NV
2 points ▸
  • Board meeting, 19-01-2024
  • Power of attorney, AQUARIUS NV

Open the deed in the Belgian Official Gazette

2023
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

Open the deed in the Belgian Official Gazette

26-07
NBB filing Annual accounts 2022 filedPDF
full format · 5 days before the deadline
2022
31-12
Financial Back to profitnet €338,143
The net result is €338,143, after one loss-making year.
31-12
Financial Equity above €1mequity €1.3m ▲34.6%
Equity rises from €976,744 to €1.3m.
11-07
NBB filing Annual accounts 2021 filedPDF
full format · 20 days before the deadline
Show earlier events
2021
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.

Open the deed in the Belgian Official Gazette

22-07
NBB filing Annual accounts 2020 filedPDF
full format · 9 days before the deadline
2020
08-10
NBB filing Annual accounts 2019 filedPDF
full format · 69 days late
2019
11-09
NBB filing Annual accounts 2018 filedPDF
full format · 42 days late
2018
25-06
NBB filing Annual accounts 2017 filedPDF
full format · 36 days before the deadline
2017
13-06
NBB filing Annual accounts 2016 filedPDF
full format · 48 days before the deadline
2013
08-10
Gazette deed IncorporationPDF
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.

Sources:Publications in the Belgian Official GazetteFilings with the National Bank

History

AED Studios was incorporated on 25 September 2013.1 Turnover grew from €3.0m in 2018 to €4.2m in 2025 and headcount from 7.4 to 6.4 full-time equivalents.2

  1. 1KBO register
  2. 2National Bank, annual accounts 2018 and 2025

Company details

Register details

Identity

KBO record
Name AED Studios in Dutch
Enterprise number 0539.704.337
Legal form Public limited company
Status Active, normal situation
Founded 25-09-2013
Entity type Legal entity

Registered office and establishments

Registered office Fabriekstraat 38, 2547 Lint, Belgium
Establishment unit AED Studios, Fabriekstraat 32, 2547 Lint since 25-09-2013 · unit number 2.229.981.894 59114 Motion picture, video and television programme production, sound recording and music publishing activities

Activities

NACEBEL 2025
VAT activities
90312 Arts creation and performing arts activities main activity
68203 Renting and operating of own or leased non-residential real estate, excluding land
70200 Business and other management consultancy
90393 Specialised image, lighting and sound technical services
90399 Other support activities for arts and performing arts
Social security (RSZ) activities
59114 Motion picture, video and television programme production, sound recording and music publishing activities main activity
Codes under NACEBEL 2008
VAT activities
90042 Arts creation and performing arts activities main activity
68203 Real estate rental
70220 Business consulting
90023 Arts creation and performing arts activities
90029 Arts creation and performing arts activities
Social security (RSZ) activities
59114 Motion picture, video and television programme production, sound recording and music publishing activities main activity
Joint committees 100 Auxiliary committee for blue-collar workers
227 Audiovisual sector annual accounts 2025

Invoicing and payment

VAT number BE 0539.704.337
E-invoicing via Peppol
Reachable via Peppol
Peppol ID 0208:0539704337
Other Peppol ID 9925:BE0539704337
Registered 01-10-2026

Follow this company and you will hear the next morning if it leaves the Peppol register.

Register as of 5 November 2026 · Peppol Directory

Financial year and general meeting

Accounts at the NBB
Financial year end 31-12

Environmental permits

1 application in Flanders since 2025 · 1 under appeal
Een grond gebruiken, aanleggen of inrichten
Under appealsubmitted 10-11-2025authority: Provincie Antwerpenproject 2025088365

Source: Omgevingsloket Vlaanderen.

Sites & property

Location
registered office establishment approximate The establishment unit on the map
26 companies at this address See who is registered here

Buildings and parcels at the address

Ground area
4.0 ha
Building footprint
2.7 ha
Building volume
295,943 m³
Cadastral parcel Region Area Buildings Height / floors
11025C0623/00W005 Flanders 4.0 ha 1 · 2.7 ha 23.9 m · 3