BF STUDIO
ActiveSummary
BF STUDIO has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €127,715 and a net result of €10,727. Equity is growing by ~50.7% per year across the filed fiscal years. Its solvency ranks better than 30% of 2277 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability72▼-27
Solvency58▲+4
Growth70=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €8,000 at 30 days acceptable
Liquidity tight (current ratio 1.24 against 1.34 in 2023; short-term debt: 66.9% and cash: 11.2% of total assets), and 67% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 63
Relative position
BE, all sectors
reference
Computing infrastructure, data processing, hosting and other information service activities (NACE 63)
about 52% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
33%
Return on assets
2.8%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 22-08-2025, 22 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 9 filingsDeviation from the deadline
2025
not confirmed
2024
22 d late
2023
65 d late
2022
70 d late
2021
26 d late
2020
1 d early
2019
8 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 32 days after the deadline; the sector median for financial year 2024 is 10 days before the deadline, and 32% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Turnover
€329,499▲ 8.2%
2020 · €304,396
EBIT margin
18.7%▲ 12.7pp
2020 · 6.1%
Net result
€10,727▼ 89.1%
2023 · €98,657
Working capital
€61,851▼ 37.7%
2023 · €99,319
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€304,396€329,499▲ 8.2%
Operating result€18,425▼ 0.5%€61,627▲ 234%€38,023▼ 38.3%€138,608▲ 265%€22,073▼ 84.1%
Net result€13,886▲ 28.4%€42,011▲ 203%€26,004▼ 38.1%€98,657▲ 279%€10,727▼ 89.1%
EBIT margin6.1%18.7%▲ 12.7pp
Equity€36,573▲ 61.2%€78,584▲ 115%€116,988▲ 48.9%€116,988=€127,715▲ 9.2%
Total assets€112,232▲ 27.8%€183,093▲ 63.1%€311,953▲ 70.4%€410,245▲ 31.5%€387,518▼ 5.5%
Debt€75,659▲ 16.2%€104,508▲ 38.1%€194,966▲ 86.6%€293,257▲ 50.4%€259,803▼ 11.4%
Working capital€40,560▲ 71.6%€89,030▲ 120%€113,113▲ 27.1%€99,319▼ 12.2%€61,851▼ 37.7%
Staff (FTE)3.2
Turnover and EBIT margin not published: the micro schema does not require them.
Why a figure moved sharply
- 2022 Total assets +70% on 2021. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result falls in 2024; 2024 is 84% below 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €387,518
Fixed assets
€66,309 ▲ 234%
Current assets
€321,209 ▼ 17.7%
Equity and liabilities €387,518
Equity
€127,715 ▲ 9.2%
Debt
€259,803 ▼ 11.4%
Debt's share of the balance-sheet total falls from 71.5% to 67.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€31,081▼
2023 · €146,295
Cash flow
€19,736▼
2023 · €106,343
Current ratio
1.24▼
2023 · 1.34
Quick ratio
1.15▼
2023 · 1.34
Debt to equity
2.03▼
2023 · 2.51
ROE
8.4%▼
2023 · 84.3%
ROA
2.8%▼
2023 · 24.0%
Interest coverage
6.39▼
2023 · 27.63
Debt ≤ 1 year
€259,358▼
2023 · €291,057
Debt > 1 year
€353▼
2023 · €2,200
Income taxes
€6,629▼
2023 · €37,828
Staff costs
€89,989▲
2023 · €71,899
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 10,891 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit under 5% of the balance sheet
0.6%
went bankrupt
4.0%
stopped otherwise
95%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 10,891 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €304,396 | €329,499 | - | - | - | - |
| Non-recurring operating income76A | - | - | - | €19,202 | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | €247,208 | - | - | - | - |
| Remuneration, social security and pensions62 | - | €17,027 | €25,972 | €71,899 | €89,989 | ▲ 25.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,692 | €10,232 | €12,068 | €7,686 | €9,009 | ▲ 17.2% |
| Other operating charges640/8 | - | €905 | €1,748 | €4,055 | €4,270 | ▲ 5.3% |
| Non-recurring operating charges66A | - | - | €836 | €2,867 | - | - |
| Gross operating margin9900 | €36,422 | €89,791 | €78,648 | €225,115 | €125,340 | ▼ 44.3% |
| Operating profit (loss)9901 | €18,425 | €61,627 | €38,023 | €138,608 | €22,073 | ▼ 84.1% |
| Financial income75/76B | - | €286 | €585 | €3,171 | €144 | ▼ 95.5% |
| Recurring financial income75 | €1,575 | €286 | €585 | €3,171 | €144 | ▼ 95.5% |
| Financial charges65/66B | - | €1,238 | €1,039 | €5,294 | €4,860 | ▼ 8.2% |
| Recurring financial charges65 | €785 | €1,238 | €1,039 | €5,294 | €4,860 | ▼ 8.2% |
| Profit (loss) for the period before taxes9903 | €19,214 | €60,675 | €37,570 | €136,485 | €17,356 | ▼ 87.3% |
| Income taxes67/77 | €5,328 | €18,664 | €11,566 | €37,828 | €6,629 | ▼ 82.5% |
| Profit (loss) for the period9904 | €13,886 | €42,011 | €26,004 | €98,657 | €10,727 | ▼ 89.1% |
| Profit (loss) for the period to be appropriated9905 | €13,886 | €42,011 | €26,004 | €98,657 | €10,727 | ▼ 89.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €112,232 | €183,093 | €311,953 | €410,245 | €387,518 | ▼ 5.5% |
| Fixed assets21/28 | €24,686 | €15,478 | €22,871 | €19,869 | €66,309 | ▲ 234% |
| Intangible fixed assets21 | - | - | - | - | €49,986 | - |
| Tangible fixed assets22/27 | €24,286 | €15,078 | €22,471 | €19,469 | €15,923 | ▼ 18.2% |
| Plant, machinery and equipment23 | - | - | - | - | €1,145 | - |
| Furniture and vehicles24 | - | €15,078 | €22,471 | €14,459 | €6,104 | ▼ 57.8% |
| Other tangible fixed assets26 | - | - | - | €5,010 | €7,999 | ▲ 59.7% |
| Assets under construction and advance payments27 | - | - | - | - | €674 | - |
| Financial fixed assets28 | €400 | €400 | €400 | €400 | €400 | = |
| Current assets29/58 | €87,546 | €167,614 | €289,083 | €390,376 | €321,209 | ▼ 17.7% |
| Amounts receivable after more than one year29 | - | €25,700 | €46,942 | €48,132 | - | - |
| Trade receivables290 | - | €25,700 | €46,942 | €48,132 | - | - |
| Stocks and contracts in progress3 | - | - | - | - | €23,503 | - |
| Stocks30/36 | - | - | - | - | €23,503 | - |
| Amounts receivable within one year40/41 | €52,572 | €75,284 | €168,195 | €275,226 | €251,545 | ▼ 8.6% |
| Trade receivables40 | - | €75,186 | €159,705 | €187,344 | €233,095 | ▲ 24.4% |
| Other amounts receivable41 | - | €98 | €8,491 | €87,882 | €18,450 | ▼ 79.0% |
| Current investments50/53 | - | - | - | €20,000 | - | - |
| Cash at bank and in hand54/58 | €33,580 | €65,279 | €73,551 | €41,119 | €43,285 | ▲ 5.3% |
| Deferred charges and accrued income490/1 | - | €1,352 | €394 | €5,899 | €2,875 | ▼ 51.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €112,232 | €183,093 | €311,953 | €410,245 | €387,518 | ▼ 5.5% |
| Equity10/15 | €36,573 | €78,584 | €116,988 | €116,988 | €127,715 | ▲ 9.2% |
| Contributions10/11 | €6,200 | €6,200 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €16,487 | €72,384 | €98,388 | €98,388 | €109,115 | ▲ 10.9% |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | - | - |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | - | - |
| Tax-exempt reserves132 | - | €2,363 | €2,363 | €2,363 | €2,363 | = |
| Distributable reserves133 | - | €68,161 | €94,165 | €94,165 | €106,752 | ▲ 13.4% |
| Profit (loss) carried forward14 | €13,886 | - | - | - | - | - |
| Amounts payable17/49 | €75,659 | €104,508 | €194,966 | €293,257 | €259,803 | ▼ 11.4% |
| Amounts payable after more than one year17 | €28,673 | €24,392 | €18,996 | €2,200 | €353 | ▼ 83.9% |
| Financial debts170/4 | - | €24,392 | €18,996 | €2,200 | €353 | ▼ 83.9% |
| Amounts payable within one year42/48 | €46,986 | €78,585 | €175,970 | €291,057 | €259,358 | ▼ 10.9% |
| Current portion of amounts payable after more than one year42 | - | €3,812 | €8,527 | €4,110 | €1,846 | ▼ 55.1% |
| Financial debts43 | - | - | €7,527 | €7,566 | €17,565 | ▲ 132% |
| Credit institutions430/8 | - | - | €7,527 | €7,566 | €17,565 | ▲ 132% |
| Trade debts44 | €26,603 | €38,491 | €126,207 | €114,127 | €190,609 | ▲ 67.0% |
| Suppliers440/4 | - | €38,491 | €126,207 | €114,127 | €190,609 | ▲ 67.0% |
| Taxes, remuneration and social security45 | - | €36,282 | €33,708 | €66,598 | €46,284 | ▼ 30.5% |
| Taxes450/3 | - | €35,199 | €28,129 | €55,942 | €28,670 | ▼ 48.8% |
| Remuneration and social security454/9 | - | €1,083 | €5,579 | €10,656 | €17,615 | ▲ 65.3% |
| Other amounts payable47/48 | - | - | - | €98,657 | €3,053 | ▼ 96.9% |
| Accrued charges and deferred income492/3 | - | €1,531 | - | - | €91 | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €13,886 | €42,011 | €26,004 | €98,657 | €10,727 | ▼ 89.1% |
| + Depreciation and write-downs630 | €8,692 | €10,232 | €12,068 | €7,686 | €9,009 | ▲ 17.2% |
| Operating cash flow (approximation) | €22,578 | €52,243 | €38,072 | €106,343 | €19,736 | ▼ 81.4% |
| Investment in fixed assets (approximation) | - | -€1,024 | -€19,461 | -€4,685 | -€55,449 | ▼ 1,084% |
| Change in cash | - | €31,699 | €8,273 | -€32,432 | €2,166 | ▲ 107% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
22-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 22 days late
2024
04-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 65 days late
2023
31-12
Financial
Highest result since 2018net €98,657 ▲279%
Operating result €138,608, net result €98,657, both a record.
09-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 70 days late
2022
31-12
Financial
Equity above €100,000Eq €116,988 ▲48.9%
5 profitable years in a row build equity to €116,988.
26-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 26 days late
2021
29-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
08-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 8 days late
2019
09-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 9 days late
2018
30-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
12-05
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 12 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 7 acts read
About the unread acts
We know of 7 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
7 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Mons · 1 establishment unit since 2015
Ground area
300 m²
Building footprint
127 m²
Volume, LiDAR
1,673 m³
Parcel 53053H0137/00H000, Wallonia · tallest building 14.9 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
BF STUDIO
since 20152.247.929.171
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 53053H0137/00H000indicative | Wallonia | 300 m² | 1 · 127 m² | 14.8 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
0 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 2,783 companies in sector 63910 we hold annual accounts for 698. 508 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded19-11-2015
Fiscal year end31-12
Activities, NACEBEL 2025
63910Web portal activities
73300Public relations and communication consultancy
63920Other information service activities
74120Graphic design and visual communication
E-invoicing
Reachable via Peppol
Peppol ID
0208:0643468997
Registered
20-11-2020
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.