Cheyne Studio
ActiveSummary
Cheyne Studio has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2k and a net result of €49k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 11% of 9494 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency28=
Growth58=
Track record94
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit check for your own amount and term
Signals
Five 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 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
3%
Return on assets
73.4%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 11% of 9494 sector peers (2025).
NBB · sector comparisonPosition among 9494 sector peers
Solvency
better than 11%
← 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 23-04-2026, 99 days ahead of the deadline.
NBB · 6 filingsDeviation from the deadline
2025
99 d early
2024
51 d early
2023
44 d early
2022
46 d late
2021
30 d early
2020
31 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€2k=
2024 · €2k
2020: €17k
2021: €46k▲ +177% vs 2020
2022: €144k▲ +210% vs 2021highest in 6 years
2023: €2k▼ -98.6% vs 2022lowest in 6 years
2024: €2k● 0.0% vs 2023lowest in 6 years
2025: €2k● 0.0% vs 2024lowest in 6 years
2020 → 2025
Total assets
€67k▲ 17.4%
2024 · €57k
2020: €29klowest in 6 years
2021: €79k▲ +171% vs 2020
2022: €227k▲ +186% vs 2021highest in 6 years
2023: €216k▼ -4.6% vs 2022
2024: €57k▼ -73.5% vs 2023
2025: €67k▲ +17.4% vs 2024
2020 → 2025
Net result
€49k▲ 25.3%
2024 · €39k
2020: €15klowest in 6 years
2021: €30k▲ +101% vs 2020
2022: €98k▲ +229% vs 2021highest in 6 years
2023: €49k▼ -50.1% vs 2022
2024: €39k▼ -19.3% vs 2023
2025: €49k▲ +25.3% vs 2024
2020 → 2025
Working capital
€2k▲ 129%
2024 · €733
2020: €17k
2021: €44k▲ +164% vs 2020
2022: €142k▲ +222% vs 2021highest in 6 years
2023: €-211▼ -100% vs 2022lowest in 6 years
2024: €733▲ +447% vs 2023
2025: €2k▲ +129% vs 2024
2020 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€46k-€144k▲ 210%€2k▼ 98.6%€2k=€2k=
2021: €46k
2022: €144k▲ +210% vs 2021highest in 5 years
2023: €2k▼ -98.6% vs 2022lowest in 5 years
2024: €2k● 0.0% vs 2023lowest in 5 years
2025: €2k● 0.0% vs 2024lowest in 5 years
Operating result€41k-€132k▲ 222%€66k▼ 49.6%€55k▼ 17.1%€68k▲ 23.2%
2021: €41klowest in 5 years
2022: €132k▲ +222% vs 2021highest in 5 years
2023: €66k▼ -49.6% vs 2022
2024: €55k▼ -17.1% vs 2023
2025: €68k▲ +23.2% vs 2024
Net result€30k-€98k▲ 229%€49k▼ 50.1%€39k▼ 19.3%€49k▲ 25.3%
2021: €30klowest in 5 years
2022: €98k▲ +229% vs 2021highest in 5 years
2023: €49k▼ -50.1% vs 2022
2024: €39k▼ -19.3% vs 2023
2025: €49k▲ +25.3% vs 2024
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 23% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €67k
Fixed assets
€322 ▼ 74.6%
Current assets
€67k ▲ 19.5%
Equity and liabilities €67k
Equity
€2k =
Debt
€65k ▲ 18.0%
Debt's share of the balance-sheet total rises from 96.5% to 97.0%. Debt is higher.
Key figures and ratios
EBITDA
€69k▲
2024 · €56k
Cash flow
€50k▲
2024 · €40k
Current ratio
1.03▲
2024 · 1.01
Debt to equity
32.62▲
2024 · 27.63
ROA
73.4%▲
2024 · 68.8%
Interest coverage
877.37▲
2024 · 800.25
Debt ≤ 1 year
€65k▲
2024 · €55k
Income taxes
€18k▲
2024 · €16k
A ratio outside any meaningful range has been withheld (balance sheet total €67k, equity €2k).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 34 lines
Balance sheet
Code20242025
Assets
Total assets20/58€57k€67k▲
Fixed assets21/28€1k€322▼
Tangible fixed assets22/27€1k€322▼
Furniture and vehicles24€1k€322▼
Current assets29/58€56k€67k▲
Amounts receivable within one year40/41-€13k
Trade receivables40-€12k
Other amounts receivable41-€2k
Cash at bank and in hand54/58€53k€54k▲
Deferred charges and accrued income490/1€3k-
Equity and liabilities
Total equity and liabilities10/49€57k€67k▲
Equity10/15€2k€2k=
Contributions10/11€2k€2k=
Amounts payable17/49€55k€65k▲
Amounts payable within one year42/48€55k€65k▲
Trade debts44€4k€3k▼
Suppliers440/4€4k€3k▼
Taxes, remuneration and social security45€6k€13k▲
Taxes450/3€6k€12k▲
Remuneration and social security454/9-€1k
Other amounts payable47/48€46k€50k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€944€944=
Other operating charges640/8€513€618▲
Gross operating margin9900€56k€69k▲
Operating profit (loss)9901€55k€68k▲
Financial charges65/66B€70€78▲
Recurring financial charges65€70€78▲
Profit (loss) for the period before taxes9903€55k€68k▲
Income taxes67/77€16k€18k▲
Profit (loss) for the period9904€39k€49k▲
Profit (loss) for the period to be appropriated9905€39k€49k▲
Appropriation of the result
Profit (loss) to be appropriated9906€39k€49k▲
Profit to be distributed694/7€39k€49k▲
Return on contributions (dividend)694€39k€49k▲
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €397 | €512 | €737 | €944 | €944 | = |
| Other operating charges640/8 | €10k | €9k | €10k | €513 | €618 | ▲ 20.4% |
| Gross operating margin9900 | €51k | €142k | €78k | €56k | €69k | ▲ 22.8% |
| Operating profit (loss)9901 | €41k | €132k | €66k | €55k | €68k | ▲ 23.2% |
| Financial income75/76B | €1 | €0 | - | - | - | - |
| Recurring financial income75 | €1 | €0 | - | - | - | - |
| Financial charges65/66B | €93 | €64 | €65 | €70 | €78 | ▲ 12.0% |
| Recurring financial charges65 | €93 | €64 | €65 | €70 | €78 | ▲ 12.0% |
| Profit (loss) for the period before taxes9903 | €41k | €132k | €66k | €55k | €68k | ▲ 23.2% |
| Income taxes67/77 | €11k | €34k | €17k | €16k | €18k | ▲ 17.8% |
| Profit (loss) for the period9904 | €30k | €98k | €49k | €39k | €49k | ▲ 25.3% |
| Profit (loss) for the period to be appropriated9905 | €30k | €98k | €49k | €39k | €49k | ▲ 25.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €79k | €227k | €216k | €57k | €67k | ▲ 17.4% |
| Fixed assets21/28 | €2k | €2k | €2k | €1k | €322 | ▼ 74.6% |
| Tangible fixed assets22/27 | €2k | €2k | €2k | €1k | €322 | ▼ 74.6% |
| Furniture and vehicles24 | €2k | €2k | €2k | €1k | €322 | ▼ 74.6% |
| Current assets29/58 | €77k | €225k | €214k | €56k | €67k | ▲ 19.5% |
| Amounts receivable within one year40/41 | €9k | €10k | €12k | - | €13k | - |
| Trade receivables40 | €9k | €10k | €11k | - | €12k | - |
| Other amounts receivable41 | - | - | €2k | - | €2k | - |
| Cash at bank and in hand54/58 | €67k | €215k | €202k | €53k | €54k | ▲ 2.0% |
| Deferred charges and accrued income490/1 | €132 | €210 | €236 | €3k | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €79k | €227k | €216k | €57k | €67k | ▲ 17.4% |
| Equity10/15 | €46k | €144k | €2k | €2k | €2k | = |
| Contributions10/11 | €2k | €2k | €2k | €2k | €2k | = |
| Reserves13 | €44k | €142k | - | - | - | - |
| Distributable reserves133 | €44k | €142k | - | - | - | - |
| Amounts payable17/49 | €33k | €83k | €214k | €55k | €65k | ▲ 18.0% |
| Amounts payable within one year42/48 | €33k | €83k | €214k | €55k | €65k | ▲ 18.0% |
| Trade debts44 | €3k | €614 | €2k | €4k | €3k | ▼ 37.0% |
| Suppliers440/4 | €3k | €614 | €2k | €4k | €3k | ▼ 37.0% |
| Taxes, remuneration and social security45 | €17k | €67k | €6k | €6k | €13k | ▲ 131% |
| Taxes450/3 | €16k | €67k | €6k | €6k | €12k | ▲ 106% |
| Remuneration and social security454/9 | €1k | - | - | - | €1k | - |
| Other amounts payable47/48 | €13k | €15k | €206k | €46k | €50k | ▲ 8.8% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €30k | €98k | €49k | €39k | €49k | ▲ 25.3% |
| + Depreciation and write-downs630 | €397 | €512 | €737 | €944 | €944 | = |
| Operating cash flow (approximation) | €30k | €98k | €50k | €40k | €50k | ▲ 24.7% |
| Investment in fixed assets (approximation) | - | €0 | €-1k | €0 | €0 | - |
| Change in cash | - | €147k | €-13k | €-149k | €1k | ▲ 101% |
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
Next filing, fiscal year 2026, expected by
2026
23-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
10-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
17-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
15-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 46 days late
2022
31-12
Financial
Highest result since 2020net €98k ▲229%
Operating result €132k, net result €98k, both a record.
31-12
Financial
Equity above €100kEq €144k ▲210%
3 profitable years in a row build equity to €144k.
01-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Knokke-Heist · 1 establishment unit since 2020
Ground area
141 m²
Building footprint
136 m²
Volume, LiDAR
2,769 m³
Parcel 31013A0465/00A000, Flanders · tallest building 23.2 m, ±7 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
Cheyne Studio
since 20202.311.770.415
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31013A0465/00A000 | Flanders | 141 m² | 1 · 136 m² | 23.2 m · 7 fl. |
Linked by address, not proof of ownership
Good to know
1 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 18,255 companies in sector 71111 we hold annual accounts for 6,323. 1,079 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
Founded29-12-2020
Fiscal year end31-12
Activities, NACEBEL 2025
71111Activities of building architects
Scores and ratios are computed by Checked and are not a credit decision.