CAMELEON STUDIO
ActiveThe computed 12-month bankruptcy probability of CAMELEON STUDIO is 1.8% (moderate). The annual accounts of CAMELEON STUDIO for fiscal year 2025 show a net loss of 71% of the equity at the start of that year. The 2025 annual accounts show equity of €13k and a net result of €-31k. Equity is shrinking by ~17.5% per year across the filed fiscal years. Its solvency ranks better than 27% of 1513 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
36
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-100
Solvency41▼-29
Growth32▼-46
Track record94
Bankruptcy probability, 12 months
1.8%
Moderate
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity short (current ratio 0.98 against 1.75 in 2024; short-term debt: 44.3% and cash: 2.9% of total assets), and 83.7% of the assets are financed with debt.
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
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 59
Relative position
BE, all sectors
reference
Sector 59
lower
← 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 2025Solvency, return and age of the figures
Solvency
16.3%
Return on assets
-39.6%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 4 filingsDeviation from the deadline
2025
31 d late
2024
26 d late
2023
26 d late
2022
4 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
20-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€13k▼ 70.8%
2024 · €44k
2022: €23k
2023: €19k
2024: €44k
2022 → 2025
Total assets
€78k▼ 20.2%
2024 · €98k
2022: €58k
2023: €40k
2024: €98k
2022 → 2025
Net result
€-31k
2024 · €25k
2022: €17k
2023: €-3k
2024: €25k
2022 → 2025
Working capital
€-686
2024 · €22k
2022: €11k
2023: €8k
2024: €22k
2022 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€23k-€19k▼ 17.5%€44k▲ 133%€13k▼ 70.8%
Operating result€21k-€-2k€35k€-30k
Net result€17k-€-3k€25k€-31k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €30k after €35k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €78k
Fixed assets
€44k▼ 7.4%
Current assets
€34k▼ 32.4%
Equity and liabilities €78k
Equity
€13k▼ 70.8%
Debt
€66k▲ 20.6%
The debt ratio rises from 55.4% to 83.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-16k▼
2024 · €45k
Cash flow
€-17k▼
2024 · €35k
Solvency
16.3%▼
2024 · 44.6%
Current ratio
0.98▼
2024 · 1.75
Quick ratio
0.98▼
2024 · 1.75
Debt / equity
5.12▲
2024 · 1.24
ROE
-242.4%▼
2024 · 57.1%
ROA
-39.6%▼
2024 · 25.5%
Interest coverage
-13.87▼
2024 · 41.82
Debt
€66k▲
2024 · €54k
Debt ≤ 1 year
€35k▲
2024 · €29k
Debt > 1 year
€31k▲
2024 · €24k
Income taxes
€1▼
2024 · €9k
Staff costs
€21k▼
2024 · €37k
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€98k€78k▼
Fixed assets21/28€48k€44k▼
Intangible fixed assets21€4k€2k▼
Tangible fixed assets22/27€44k€39k▼
Plant, machinery and equipment23€6k€4k▼
Furniture and vehicles24€38k€34k▼
Other tangible fixed assets26-€786
Assets under construction and advance payments27€0-
Financial fixed assets28€0€3k▲
Current assets29/58€50k€34k▼
Stocks and contracts in progress3€0-
Stocks30/36€0-
Amounts receivable within one year40/41€34k€27k▼
Trade receivables40€34k€27k▼
Other amounts receivable41€0€195▲
Cash at bank and in hand54/58€15k€2k▼
Deferred charges and accrued income490/1€388€5k▲
Equity and liabilities
Total equity and liabilities10/49€98k€78k▼
Equity10/15€44k€13k▼
Contributions10/11€4k€4k=
Profit (loss) carried forward14€40k€9k▼
Investment grants15€0-
Amounts payable17/49€54k€66k▲
Amounts payable after more than one year17€24k€31k▲
Financial debts170/4€24k€31k▲
Amounts payable within one year42/48€29k€35k▲
Current portion of amounts payable after more than one year42€9k€19k▲
Financial debts43€0-
Credit institutions430/8€0-
Trade debts44€0€388▲
Suppliers440/4€0€388▲
Taxes, remuneration and social security45€20k€16k▼
Taxes450/3€15k€8k▼
Remuneration and social security454/9€5k€8k▲
Other amounts payable47/48€0-
Accrued charges and deferred income492/3€2k-
Income statement
Code20242025
Remuneration, social security and pensions62€37k€21k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10k€14k▲
Other operating charges640/8€413€825▲
Non-recurring operating charges66A-€5k
Gross operating margin9900€82k€11k▼
Operating profit (loss)9901€35k€-30k▼
Financial income75/76B€9€52▲
Recurring financial income75€9€52▲
Financial charges65/66B€1k€1k▲
Recurring financial charges65€1k€1k▲
Profit (loss) for the period before taxes9903€34k€-31k▼
Income taxes67/77€9k€1▼
Profit (loss) for the period9904€25k€-31k▼
Profit (loss) for the period to be appropriated9905€25k€-31k▼
Appropriation of the result
Profit (loss) to be appropriated9906€40k€9k▼
Profit (loss) brought forward from the previous period14P€15k€40k▲
Shareholders' contribution to the loss794€0-
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
13-08
State Gazette act
Resignations & appointmentsGeneral meeting · Director resignation · Director appointment3 facts ▸
State Gazette act
Resignations & appointments
General meeting · Director resignation · Director appointment3 facts ▸
- General meeting, 20/07/2026
- Director resignation, Yaroslav KURTICHAN (administrateur)
- Director appointment, Corentin DE REUS (administrateur)
2025
31-12
Financial
Weakest financial yearnet €-31k ▼224%
Net result drops to €-31k, the lowest in the series.
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 26 days late
2024
31-12
Financial
Back to profitnet €25k
Net result €25k after one loss-making year.
26-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 26 days late
2023
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 directors, no change since 2026
Corentin DE REUS
CurrentDirector · since 08-07-2026
08-07-2026
Corentin DE REUS: Appointed as Director
08-07-2026
Yaroslav KURTICHAN: Resigned as Director
Location & real-estate footprint
Registered office, Elsene · 1 establishment unit since 2021
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Molièrelaan 1881050 ElseneGround area
1,552 m²
Building footprint
1,260 m²
Volume, LiDAR
33,875 m³
2 parcels, Brussels · tallest building 36.3 m, ±10 floors. Linked by address, not a title deed.
1 establishment unit
CAMELEON STUDIO
since 20212.319.597.523
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21804D1438/00E002 | Brussels | 1,366 m² | 1 · 1,142 m² | 36.3 m · 10 fl. |
| 21447B0310/00P041 | Brussels | 186 m² | 1 · 118 m² | 19.1 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Similar companies · same sector, comparable size
Li Motion
BE 0540.530.421
Sombreffe · Eq €13k
NARRATIV NATION
BE 0607.928.395
Brussel · Eq €13k
LUCIFER FILMS
BE 0500.722.512
Tervuren · Eq €13k
Living Stone Film
BE 0745.995.227
Wielsbeke · Eq €13k
SOLARIS PRODUCTION
BE 0822.688.177
Ukkel · Eq €13k
Of 1,323 companies in sector 59111 we hold annual accounts for 688. 457 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded19-05-2021
Fiscal year end31-12
Activities, NACEBEL
59111Production of cinema films
59112Motion picture, video and television programme production, sound recording and music publishing activities
59113Video and film production, excluding cinema and television films
59114Motion picture, video and television programme production, sound recording and music publishing activities
59130Motion picture, video and television programme production, sound recording and music publishing activities
59203Motion picture, video and television programme production, sound recording and music publishing activities
73110Advertising agencies
74103Other professional, scientific and technical activities
74120Graphic design and visual communication
74202Other professional, scientific and technical activities
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 4 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesWebsite:www.cameleon-studio.com
Phone:+32495255155