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Core Studios

Active
Private limited companyfounded 2025active for 1 yearOlympialaan 2, 8200 Brugge, BelgiumKBO/BCE: BE 1023.034.254
Summary

Core Studios has been active since 2025 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €71,383 and a net result of €66,383. Its solvency ranks better than 43% of 835 sector peers (NACE 85, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Financials · financial year 2025, abbreviated format

2025 annual accounts filed late (26 days) Filed on 26 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00429779.

Equity
€71,383
Total assets
€147,550
Net result
€66,383
Working capital
€45,945

Turnover and EBIT margin not published: the abbreviated format does not require them.

Balance-sheet composition
Assets €147,550
Fixed assets €57,832
Current assets €89,718
Equity and liabilities €147,550
Equity €71,383
Debt €76,167
Debt finances 51.6% of the balance-sheet total.
Key figures and ratios
2025 value
EBITDA
€85,655
Cash flow
€69,467
Current ratio
2.05
Debt to equity
1.07
ROE
93.0%
ROA
45.0%
Interest coverage
over 100
Debt ≤ 1 year
€43,773
Income taxes
€16,003
Staff costs
€5,031

Peer companies

Historical observation

Of the 11,279 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 96.6% are still going.

  • Micro
  • under 2 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.7% went bankrupt
2.6% stopped otherwise
96.6% still going

For this company itself Checked computes a bankruptcy probability of 0.1% 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 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
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%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 11,279 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
Filed annual accounts As filed with the NBB · 2025 · 44 lines
Balance sheet Code2025
Assets
Total assets20/58€147,550
Fixed assets21/28€57,832
Intangible fixed assets21€1,949
Tangible fixed assets22/27€50,858
Plant, machinery and equipment23€29,339
Other tangible fixed assets26€21,519
Financial fixed assets28€5,025
Current assets29/58€89,718
Amounts receivable within one year40/41€20,098
Trade receivables40€12,227
Other amounts receivable41€7,871
Cash at bank and in hand54/58€68,912
Deferred charges and accrued income490/1€708
Equity and liabilities
Total equity and liabilities10/49€147,550
Equity10/15€71,383
Contributions10/11€5,000
Reserves13€66,383
Distributable reserves133€66,383
Amounts payable17/49€76,167
Amounts payable within one year42/48€43,773
Trade debts44€21,864
Suppliers440/4€21,864
Advances received on contracts in progress46€386
Taxes, remuneration and social security45€21,522
Taxes450/3€21,119
Remuneration and social security454/9€404
Accrued charges and deferred income492/3€32,394
Income statement Code2025
Remuneration, social security and pensions62€5,031
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3,084
Other operating charges640/8€574
Gross operating margin9900€91,260
Operating profit (loss)9901€82,572
Financial income75/76B€96
Recurring financial income75€96
Financial charges65/66B€281
Recurring financial charges65€281
Profit (loss) for the period before taxes9903€82,386
Income taxes67/77€16,003
Profit (loss) for the period9904€66,383
Profit (loss) for the period to be appropriated9905€66,383
Appropriation of the result
Profit (loss) to be appropriated9906€66,383
Transfer to equity691/2€66,383
To other reserves6921€66,383
Social balance sheet
Average headcount (FTE)90870.4

The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Remuneration, social security and pensions62€5,031
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3,084
Other operating charges640/8€574
Gross operating margin9900€91,260
Operating profit (loss)9901€82,572
Financial income75/76B€96
Recurring financial income75€96
Financial charges65/66B€281
Recurring financial charges65€281
Profit (loss) for the period before taxes9903€82,386
Income taxes67/77€16,003
Profit (loss) for the period9904€66,383
Profit (loss) for the period to be appropriated9905€66,383
Line2025
Assets
Total assets20/58€147,550
Fixed assets21/28€57,832
Intangible fixed assets21€1,949
Tangible fixed assets22/27€50,858
Plant, machinery and equipment23€29,339
Other tangible fixed assets26€21,519
Financial fixed assets28€5,025
Current assets29/58€89,718
Amounts receivable within one year40/41€20,098
Trade receivables40€12,227
Other amounts receivable41€7,871
Cash at bank and in hand54/58€68,912
Deferred charges and accrued income490/1€708
Equity and liabilities
Total equity and liabilities10/49€147,550
Equity10/15€71,383
Contributions10/11€5,000
Reserves13€66,383
Distributable reserves133€66,383
Amounts payable17/49€76,167
Amounts payable within one year42/48€43,773
Trade debts44€21,864
Suppliers440/4€21,864
Advances received on contracts in progress46€386
Taxes, remuneration and social security45€21,522
Taxes450/3€21,119
Remuneration and social security454/9€404
Accrued charges and deferred income492/3€32,394
Line2025
Profit (loss) for the period9904€66,383
+ Depreciation and write-downs630€3,084
Operating cash flow (approximation)€69,467

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Filings with the National Bank (1)
Financial year Type Filed Reference
31-12-2025 abbreviated format 26-08-2026 2026-00429779

Similar companies · same sector, comparable size

Of the 13,582 active companies whose main activity is sports and recreation education (NACE 85510), figures are known for 747. 576 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.