BELVA STUDIO

Active

Private limited companyfounded 20188 yrs activeRue de Boignée, Tong. 7, 5140 Sombreffe, BelgiumKBO/BCE: BE 0690.999.591

BELVA STUDIO has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €19k and a net result of €32k. Equity is shrinking by ~5.6% per year across the filed fiscal years. Its solvency ranks better than 25% of 16888 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).

Watch Print / PDF

Checked score

Score 2025

83 / 100

Excellent▼ -7 vs 2024

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability100=

Solvency46▼-48

Growth58▲+26

Stability100

Bankruptcy probability, 12 months

0.2% Very low

0%0.5%1.5%4%10%≥ 25%

Credit up to €2k at 30 days acceptable

Liquidity tight (current ratio 1.26 against 1.93 in 2024), and 73.3% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Seven 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 62

Relative position

BE, all sectors

reference

Sector 62

lower

← fewer bankruptcies more bankruptcies →

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

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

26.7%

Return on assets

46.2%

Age of the figures

14 mo

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Latest accounts filed on time

The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 14-11-2025, 78 days ahead of the deadline.

NBB · 8 filings

Deviation from the deadline

2025

78 d early

2024

66 d early

2023

79 d early

2022

67 d early

2021

53 d early

2020

54 d early

2019

46 d early

← before the deadline after the deadline →

The next deadline is still running

The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.

Companies Code · seven months

Position in the running window

30-06-2026 close11-09-2026 today31-01-2027 deadline

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, micro schema

Equity

€19k▼ 0.1%

2024 · €19k

2019: €32k 2020: €20k 2021: €22k 2022: €23k 2023: €20k 2024: €19k

2019 → 2025

Total assets

€70k▲ 88.8%

2024 · €37k

2019: €68k 2020: €45k 2021: €42k 2022: €31k 2023: €53k 2024: €37k

2019 → 2025

Net result

€32k▲ 292%

2024 · €8k

2019: €13k 2020: €-12k 2021: €2k 2022: €434 2023: €20k 2024: €8k

2019 → 2025

Working capital

€13k▼ 23.2%

2024 · €17k

2019: €28k 2020: €16k 2021: €18k 2022: €18k 2023: €19k 2024: €17k

2019 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Equity€22k-€23k▲ 2.0%€20k▼ 9.3%€19k▼ 8.7%€19k▼ 0.1%

Operating result€1k-€-223€25k€11k▼ 54.1%€44k▲ 291%

Net result€2k-€434▼ 75.1%€20k▲ 4,442%€8k▼ 58.2%€32k▲ 292%

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result recovers in 2025; 2025 is 291% above 2024 and is the highest year so far.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €70k

92.1%

Fixed assets €6k▲ 249%

Current assets €64k▲ 81.6%

Equity and liabilities €70k

26.7%

73.3%

Equity €19k▼ 0.1%

Debt €51k▲ 179%

The debt ratio rises from 49.5% to 73.3%: debt grows while equity shrinks.

Key figures and ratios

2025 value · change against 2024

EBITDA

€45k▲

2024 · €13k

Cash flow

€33k▲

2024 · €9k

Solvency

26.7%▼

2024 · 50.5%

Current ratio

1.26▼

2024 · 1.93

Quick ratio

1.26▼

2024 · 1.93

Debt / equity

2.74▲

2024 · 0.98

ROE

172.9%▲

2024 · 44.0%

ROA

46.2%▲

2024 · 22.2%

Interest coverage

159.40▲

2024 · 59.81

Debt

€51k▲

2024 · €18k

Debt ≤ 1 year

€51k▲

2024 · €18k

Income taxes

€12k▲

2024 · €4k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2025 against 2024

Balance sheet Code20242025

Assets

Total assets20/58€37k€70k▲

Fixed assets21/28€2k€6k▲

Tangible fixed assets22/27€2k€6k▲

Furniture and vehicles24€2k€683▼

Other tangible fixed assets26-€5k

Current assets29/58€35k€64k▲

Amounts receivable within one year40/41€31k€39k▲

Trade receivables40€17k€25k▲

Other amounts receivable41€14k€14k▼

Cash at bank and in hand54/58€4k€26k▲

Equity and liabilities

Total equity and liabilities10/49€37k€70k▲

Equity10/15€19k€19k▼

Contributions10/11€19k€19k=

Profit (loss) carried forward14€87€72▼

Amounts payable17/49€18k€51k▲

Amounts payable within one year42/48€18k€51k▲

Current portion of amounts payable after more than one year42-€11k

Trade debts44€157-

Suppliers440/4€157-

Taxes, remuneration and social security45€8k€8k▼

Taxes450/3€8k€8k▼

Other amounts payable47/48€10k€32k▲

Income statement Code20242025

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€1k▼

Other operating charges640/8€841€1k▲

Gross operating margin9900€13k€47k▲

Operating profit (loss)9901€11k€44k▲

Financial income75/76B€912€509▼

Recurring financial income75€912€509▼

Financial charges65/66B€209€285▲

Recurring financial charges65€209€285▲

Profit (loss) for the period before taxes9903€12k€45k▲

Income taxes67/77€4k€12k▲

Profit (loss) for the period9904€8k€32k▲

Profit (loss) for the period to be appropriated9905€8k€32k▲

Appropriation of the result

Profit (loss) to be appropriated9906€8k€32k▲

Profit (loss) brought forward from the previous period14P€1€87▲

Transfer from equity791/2€2k-

Profit to be distributed694/7€10k€32k▲

Return on contributions (dividend)694€10k€32k▲

The notes to these accounts (5 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 11Financial 3Filings 8

Next filing, fiscal year 2026, expected by 31-01-2027

2025

14-11

NBB filing Annual accounts filed

fiscal year 2025 · micro schema

30-06

Financial Highest result since 2019net €32k ▲292%

Operating result €44k, net result €32k, both a record.

2024

26-11

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2023

13-11

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2022

25-11

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2021

09-12

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

30-06

Financial Back to profitnet €2k

Net result €2k after one loss-making year.

2020

08-12

NBB filing Annual accounts filed

fiscal year 2020 · micro schema

30-06

Financial Weakest financial yearnet €-12k ▼191%

Net result drops to €-12k, the lowest in the series; recovery starts the following year.

2019

16-12

NBB filing Annual accounts filed

fiscal year 2019 · micro schema

17-01

NBB filing Annual accounts filed

fiscal year 2018 · micro schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

0 of 3 acts read

About the unread acts

We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.