BOCO STUDIO
ActiveSummary
BOCO STUDIO has been active since 2019 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €15,730 and a net result of €92,829. Equity has been shrinking by about 31% per year since 2023. If that trend continues, it turns negative around financial year 2027. Its solvency ranks better than 17% of 4,342 sector peers (NACE 74, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 12-04-2019 Normal situation
- Activity
- Graphic design and visual communication NACE 74120and 3 others
- Establishment unit
- 2.288.787.254 1030 Schaarbeek, since 23-04-2019
- Financial year end
- 30 September
- Peppol
- Reachable since 23-04-2026
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.2%
Annual accounts to 30-09-2025
- Gross margin
- €157,557
- ▲ 38.8%
- Turnover
- ≈ €390,000
- estimated
- Profit
- €92,829
- ▲ 22.8%
- Equity
- €15,730
- ▼ 72.8%
- Total assets
- €335,762
- ▲ 40.5%
- Staff
- ≈ 1 FTE
- estimated
Score breakdownraises riskEquity €15,730 (4.7% of total assets)lowers riskSector: Other professional, scientific and technical activities (NACE 74)Liquidity: current ratio 1.01, cash €227,099Size: total assets €335,762Show the evidence
Checked score
Score 2025
89
/ 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 37% of micro companies in other professional activities (NACE 74)
Financial strength · tick: 2024
Strong
Solvency
30-19
equity 4.7% of total assets
Liquidity
50-9
short-term debt 95.3% · cash 67.6%
Profitability
100=
return on assets 27.6%
Bankruptcy probability within 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.7%
01-2025: 0.8%▲ +0.1 percentage points vs 12-2024highest value
02-2025: 0.8%● unchanged vs 01-2025highest value
03-2025: 0.8%● unchanged vs 02-2025
04-2025: 0.8%● unchanged vs 03-2025
05-2025: 0.1%▼ -0.7 percentage points vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.2%▲ +0.1 percentage points vs 06-2025
08-2025: 0.1%▼ -0.1 percentage points vs 07-2025
09-2025: 0.1%● unchanged vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025lowest value
02-2026: 0.2%▲ +0.1 percentage points vs 01-2026
03-2026: 0.2%● unchanged vs 02-2026
04-2026: 0.2%● unchanged vs 03-2026
05-2026: 0.2%● unchanged vs 04-2026
06-2026: 0.2%● unchanged vs 05-2026
07-2026: 0.2%● unchanged vs 06-2026
08-2026: 0.2%● unchanged vs 07-2026
09-2026: 0.2%● unchanged vs 08-2026
10-2026: 0.2%● unchanged vs 09-2026
11-2026: 0.2%● unchanged vs 10-2026
Credit of up to €1,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.01 (1.22 in 2024), below the usual 1.5. Short-term debt is 95.3% and cash 67.6% of total assets. 95.3% 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 74, micro). It does better than 17% of them on solvency, 36% on liquidity, 88% on profitability and 9% on growth.
The bankruptcy probability was computed on 02-11-2026 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.
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
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 4342 sector peers (2025).
NBB · sector comparisonPosition among 4342 sector peers
Solvency
better than 17%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 05-01-2026, 115 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
115 days early
2024
30 days early
2023
224 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 3 accounts on average 26 days after the deadline. In the sector (NACE 74), the median for financial year 2024 was 3 days before the deadline, and 38% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today. The company usually files around 31 March (3 of the last 3 accounts filed within 255 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
30-09-2026 year end03-11-2026 today30-04-2027 deadline
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 05-01-2026 PDF all 3 filings
Turnover
≈ €390,000
Estimated: probably between €260,000 and €610,000
Total assets
€335,762▲ 40.5%
2024 · €239,018
Net result
€92,829▲ 22.8%
2024 · €75,566
Working capital
€4,417▼ 88.7%
2024 · €39,126
Multi-year overview
2023 to 2025, 3 financial yearsOperating result
€120,023
▲ 21.8%
2025
20232025
Net result
€92,829
▲ 22.8%
2025
highest quarter of the sector
20232025
Equity
€15,730
▼ 72.8%
2025
middle half of the sector
20232025
Total assets
€335,762
▲ 40.5%
2025
highest quarter of the sector
20232025
Debt
€320,031
▲ 76.7%
2025
20232025
Working capital
€4,417
▼ 88.7%
2025
middle half of the sector
20232025
Solvency
4.7%
▼ 19.5pp
2025
lowest quarter of the sector
20232025
Current ratio
1.01
▼ 0.20
2025
lowest quarter of the sector
20232025
Return on assets (ROA)
27.6%
▼ 4.0pp
2025
highest quarter of the sector
20232025
Every figure per financial year
Every figure with its change against the financial year before
favourable
unfavourable
Line202320242025
Operating result€66,885-€98,571▲ 47.4%€120,023▲ 21.8%
Net result€53,095above the sector's middle half-€75,566above the sector's middle half▲ 42.3%€92,829above the sector's middle half▲ 22.8%
Equity€41,336within the sector's middle half-€57,902within the sector's middle half▲ 40.1%€15,730within the sector's middle half▼ 72.8%
Total assets€183,965within the sector's middle half-€239,018above the sector's middle half▲ 29.9%€335,762above the sector's middle half▲ 40.5%
Debt€142,630-€181,117▲ 27.0%€320,031▲ 76.7%
Working capital€16,902within the sector's middle half-€39,126within the sector's middle half▲ 131%€4,417within the sector's middle half▼ 88.7%
Solvency22.5%within the sector's middle half-24.2%within the sector's middle half▲ 1.8pp4.7%below the sector's middle half▼ 19.5pp
Current ratio1.12within the sector's middle half-1.22within the sector's middle half▲ 0.101.01below the sector's middle half▼ 0.20
Return on assets (ROA)28.9%above the sector's middle half-31.6%above the sector's middle half▲ 2.8pp27.6%above the sector's middle half▼ 4.0pp
above
within
below
The sector band is the middle half of the companies in Other professional, scientific and technical activities (NACE 74). 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 22% higher than in 2024 and the highest since 2023. It is the second rise in a row.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €335,762
Fixed assets
€11,313 ▼ 39.7%
Current assets
€324,448 ▲ 47.3%
Equity and liabilities €335,762
Equity
€15,730 ▼ 72.8%
Debt
€320,031 ▲ 76.7%
Debt's share of the balance-sheet total rises from 75.8% to 95.3%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€131,347▲
2024 · €112,816
Cash flow
€104,152▲
2024 · €89,811
Debt to equity
20.34▲
2024 · 3.13
ROE
590.1%▲
2024 · 130.5%
Interest coverage
28.89▼
2024 · 32.42
Debt ≤ 1 year
€320,031▲
2024 · €181,117
Income taxes
€26,153▲
2024 · €19,588
Staff costs
€24,798
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.
Investments
| Item | 30-09-2023 | 30-09-2024 | 30-09-2025 |
|---|---|---|---|
| Tangible fixed assets | €9,517 | €7,786 | €3,779 |
| Financial fixed assets | - | - | €83 |
| Depreciation and write-downs of the year | €12,079 | €14,245 | €11,324 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | €24,798 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €12,079 | €14,245 | €11,324 | ▼ 20.5% |
| Other operating charges640/8 | €619 | €674 | €1,412 | ▲ 109% |
| Gross operating margin9900 | €79,583 | €113,490 | €157,557 | ▲ 38.8% |
| Operating profit (loss)9901 | €66,885 | €98,571 | €120,023 | ▲ 21.8% |
| Financial income75/76B | €1 | €63 | €3,505 | ▲ 55× |
| Recurring financial income75 | €1 | €63 | €3,505 | ▲ 55× |
| Financial charges65/66B | €203 | €3,480 | €4,546 | ▲ 30.6% |
| Recurring financial charges65 | €203 | €3,480 | €4,546 | ▲ 30.6% |
| Profit (loss) for the period before taxes9903 | €66,682 | €95,154 | €118,982 | ▲ 25.0% |
| Income taxes67/77 | €13,587 | €19,588 | €26,153 | ▲ 33.5% |
| Profit (loss) for the period9904 | €53,095 | €75,566 | €92,829 | ▲ 22.8% |
| Profit (loss) for the period to be appropriated9905 | €53,095 | €75,566 | €92,829 | ▲ 22.8% |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Assets | ||||
| Total assets20/58 | €183,965 | €239,018 | €335,762 | ▲ 40.5% |
| Fixed assets21/28 | €25,234 | €18,775 | €11,313 | ▼ 39.7% |
| Tangible fixed assets22/27 | €25,234 | €18,775 | €11,230 | ▼ 40.2% |
| Furniture and vehicles24 | €25,234 | €18,775 | €11,230 | ▼ 40.2% |
| Financial fixed assets28 | - | - | €83 | - |
| Current assets29/58 | €158,732 | €220,243 | €324,448 | ▲ 47.3% |
| Amounts receivable within one year40/41 | €36,370 | €75,035 | €96,530 | ▲ 28.6% |
| Trade receivables40 | €29,958 | €70,249 | €94,488 | ▲ 34.5% |
| Other amounts receivable41 | €6,413 | €4,787 | €2,042 | ▼ 57.4% |
| Cash at bank and in hand54/58 | €118,181 | €142,702 | €227,099 | ▲ 59.1% |
| Deferred charges and accrued income490/1 | €4,181 | €2,506 | €819 | ▼ 67.3% |
| Equity and liabilities | ||||
| Total equity and liabilities10/49 | €183,965 | €239,018 | €335,762 | ▲ 40.5% |
| Equity10/15 | €41,336 | €57,902 | €15,730 | ▼ 72.8% |
| Contributions10/11 | €1,500 | €1,500 | €1,500 | = |
| Profit (loss) carried forward14 | €39,836 | €56,402 | €14,230 | ▼ 74.8% |
| Amounts payable17/49 | €142,630 | €181,117 | €320,031 | ▲ 76.7% |
| Amounts payable within one year42/48 | €141,830 | €181,117 | €320,031 | ▲ 76.7% |
| Trade debts44 | €5,288 | €10,889 | €24 | ▼ 99.8% |
| Suppliers440/4 | €5,288 | €10,889 | €24 | ▼ 99.8% |
| Taxes, remuneration and social security45 | €7,158 | €6,080 | €20,991 | ▲ 245% |
| Taxes450/3 | €7,158 | €6,080 | €14,505 | ▲ 139% |
| Remuneration and social security454/9 | - | - | €6,485 | - |
| Other amounts payable47/48 | €129,383 | €164,148 | €299,017 | ▲ 82.2% |
| Accrued charges and deferred income492/3 | €800 | - | - | - |
| Line | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|
| Profit (loss) for the period9904 | €53,095 | €75,566 | €92,829 | ▲ 22.8% |
| + Depreciation and write-downs630 | €12,079 | €14,245 | €11,324 | ▼ 20.5% |
| Operating cash flow (approximation) | €65,174 | €89,811 | €104,152 | ▲ 16.0% |
| Investment in fixed assets (approximation) | - | -€7,786 | -€3,862 | ▲ 50.4% |
| Change in cash | - | €24,521 | €84,397 | ▲ 244% |
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, 2,153 companies had the same profile as BOCO STUDIO has now. Two years later, 96.1% were still going and 1.7% had gone bankrupt.
- Micro
- 5 to 10 years old
- solvency under 10%
- a profit of 5% of the balance sheet or more
96.1%
was still going
2.2%
stopped otherwise
1.7%
went bankrupt
The bankruptcy probability of BOCO STUDIO itself is lower: 0.2% within 12 months. It rests on far more data about BOCO STUDIO 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 2,153 companies, not a prediction for BOCO STUDIO. 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.
Board & ownership
Directors
Directors
1 director, last change in 2024
Alexis De Bosscher-Cordemans
Current
Director (not named in the articles) · appointed in the act of 02-05-2024 · earlier gérant unique de la société en commandite, until 02-05-2024 · term without a fixed end
Owners and capital
Shareholders
Stated in the act
act of 02-05-2024 ↗
- Donatienne Francine MARCHAND associé commanditaire · 10 shares
- Alexis Patrick DE BOSSCHER-CORDEMANS associé commandité · 90 shares
Capital transactions
Capital over time
- 02-05-2024 Capital stated in the deed · 100 shares
Mandate history
1 person, 1 in office
- Board
- Other function
- began earlier
| Name | Functions and periods |
|---|---|
| Alexis De Bosscher-Cordemans |
|
Articles of association
- Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
- “Moitié cédant,moitié acquéreurs proportionnellement au nombre acquis, mêmes formalités si non actionnaires de plein droit”
Articles of association, deed of 02-05-2024 (in French)
Network & group
BOCO STUDIO shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of BOCO STUDIO. 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
Acts, filings and financial milestones
Deadline for the 2026 accounts:
2026
05-01
micro format · 115 days before the deadline
2025
30-09
Financial
Highest result from 2023 to 2025net €92,829 ▲22.8%
The operating result of €120,023 and the net result of €92,829 are both a record.
31-03
micro format · 30 days before the deadline
2024
10-12
micro format · 224 days late
02-05
Gazette deed
Change of role: Alexis De Bosscher-Cordemans, from gérant unique de la société en commandite to directorShareholding · Partner · Net-asset statement42 points ▸
Gazette deed
Change of role: Alexis De Bosscher-Cordemans, from gérant unique de la société en commandite to director
Shareholding · Partner · Net-asset statement42 points ▸
- General meeting, 22-12-2023
- Other provision, “statuts non modifiés, non modifiés à ce jour” (deed in French)
- Other provision, “bureau assemblée, Gamze DÖNMEZ” (deed in French)
- Donatienne Francine MARCHAND holds 10 shares
- Partner, Donatienne Francine MARCHAND (limited partner)
- Alexis Patrick DE BOSSCHER-CORDEMANS holds 90 shares
- Partner, Alexis Patrick DE BOSSCHER-CORDEMANS (general partner)
- Other provision, “représentation assemblée par mandat, deux procurations sous seing privé” (deed in French)
- Other provision, “avertissement mandat non valable” (deed in French)
- Other provision, “ordre du jour rapports, Rapport spécial réviseur sur état résumant situation active et passive arrêtée à date ne remontant pas à plus de trois mois” (deed in French)
- Other provision, “ordre du jour transformation en société à responsabilité limitée” (deed in French)
- Other provision, “ordre du jour adoption statuts sous forme nouvelle” (deed in French)
- The act holds 30 more points.
2019
03-05
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
Company details
Register details
Identity
KBO recordName
BOCO STUDIO in French
Enterprise number
0725.581.378
Legal form
Private limited company
Status
Active, normale toestand
Founded
12-04-2019
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 02-05-2024 (in French)Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Région de Bruxelles-Capitale, sièges administratifs, agences, ateliers, dépôts et succursales en Belgique et à l'étranger”
deed of 02-05-2024 (in French)Registered office and establishments
Registered office
François Bossaertsstraat 68, 1030 Schaarbeek, Belgium
Establishment unit
BOCO STUDIO, François Bossaertsstraat 68, 1030 Schaarbeek since 23-04-2019 · unit number 2.288.787.254
Activities
NACEBEL 2025VAT activities
74120
Graphic design and visual communication main activity
74140
Other specialised design activities
74209
Other photographic activities
Social security (RSZ) activities
59120
Post-production of films, video and television programmes main activity
Codes under NACEBEL 2008
74103
Other professional, scientific and technical activities main activity
74109
Other professional, scientific and technical activities
74209
Other photographic activities
PurposeThe purpose describes the activities the company may carry out under its articles.
deed of 02-05-2024 (in French)
“Toutes activités relevant du domaine de l'image (en ce compris les images de synthèses,images 3D,...),de l'illustration,du graphisme,de…”
11 activities
- Toutes activités relevant du domaine de l'image (en ce compris les images de synthèses,images 3D,...),de l'illustration,du graphisme,de l'infographie,de la communication,de l'internet ainsi que de l'audio-visuel
- Les activités d'agence créative spécialisée dans la communication multimédia et le business development
- La production et réalisation de films publicitaires et films promotionnels,films techniques et d'entreprise,films à caractère éducatif ou de formation,clips vidéo,la conception de textes et de slogans publicitaires,la conception de films publicitaires sur tout support,l'élaboration d'un service de type web TV
- Les activités de design graphique et les autres activités spécialisées de design
- Toutes prestations dans le domaine de l'informatique et notamment l'achat,la vente,en gros ou en détail,l'importation,l'exportation,la maintenance,la location,l'assemblage,la fabrication,la production,la distribution,l'installation,l'entretien,la réparation,et l'étude de tous logiciels,systèmes et matériels informatiques,électroniques,télématiques,connus ou a créer
- Le dépôt et l'exploitation de tous brevets,marques,dessins ou modèles
- Le conseil et assistance aux entreprises et aux services publics en matière de planification,d'organisation,de recherche du rendement,de contrôle d'information,de gestion,ainsi que de toutes autres activités de soutien aux entreprises
- La fourniture de services et ou de biens à des professionnels et consommateurs via une plateforme internet ou via tout autre moyen
- La constitution et la gestion d'un patrimoine mobilier,toutes les opérations,de quelque nature qu'elles soient,relatives à des biens et des droits meubles,telles que l'acquisition,par souscription ou par achat,et la gestion d'actions,d'obligations,de bons de caisse ou d'autres valeurs meubles,de quelque forme que ce soit,de personnes morales et d'entreprises belges ou étrangères existantes ou à constituer
- La gestion et la mise en valeur de tout patrimoine immobilier au sens le plus large et notamment sans que cette énumération soit limitative:l’achat,la vente,l’échange,le leasing,le lotissement,la construction,la démolition,la transformation,la rénovation,l’amélioration,l’aménagement,l’équipement,l’embellissement,l’entretien,la location,la souslocation,la prise en location,l’exploitation de tous biens immeubles ainsi que toutes opérations de promotion associées à la réalisation de magasins de grande surface
- La société peut accepter tout mandat de gérant,administrateur ou liquidateur dans toutes sociétés et associations quelconques ainsi que se porter caution pour autrui ou donner toute sûreté personnelle ou réelle en faveur de toute personne ou société liée ou non
Invoicing and payment
VAT number
BE 0725.581.378
Financial year and general meeting
Accounts at the NBBFinancial year end
30-09
Sites & property
Location
Buildings and parcels at the address
Ground area
131 m²
Building footprint
73 m²
Building volume
836 m³
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21906D0021/00R000 | Brussels | 131 m² | 1 · 73 m² | 16.8 m · 4 |