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Craft Studios

Active
Private limited companyfounded 2025active for 1 yearEdmond Mesenslaan 5, 1040 Etterbeek, BelgiumKBO/BCE: BE 1019.067.449
Summary

The computed 12-month bankruptcy probability of Craft Studios is 1.7% (moderate). The 2025 annual accounts show negative equity (-€105,845) and a net result of -€134,986. Its solvency ranks better than 9% of 641 sector peers (NACE 90, financial year 2025). The company has been active since 2025 and the Belgian Official Gazette contains no insolvency or warning signals.

Financials · financial year 2025, abbreviated format

2025 annual accounts filed late (69 days) Filed on 8 October 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00555334.

Equity
-€105,845
Total assets
€235,019
Net result
-€134,986
Working capital
-€202,470

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

Balance-sheet composition
Assets €235,019
Fixed assets €132,415
Current assets €102,605
Equity and liabilities
Equity-€105,845
Debt€340,865
Equity is negative: debt (€340,865) exceeds the balance-sheet total (€235,019).
Key figures and ratios
2025 value
EBITDA
-€126,240
Cash flow
-€126,254
Solvency
-45.0%
Current ratio
0.34
Quick ratio
0.30
ROA
-57.4%
Interest coverage
-102.76
Debt
€340,865
Debt ≤ 1 year
€305,075
Debt > 1 year
€30,666
Staff costs
€95,739
No debt to equity: equity is negative, so debt divided by equity means nothing.

Peer companies

Historical observation

Of the 1,322 companies that looked in July 2024 the way this one looks now, 4.2% went bankrupt within 24 months and 90.3% are still going.

  • Micro
  • under 2 years old
  • negative equity
  • a loss of 10% of the balance sheet or more
4.2% went bankrupt
5.5% stopped otherwise
90.3% still going

For this company itself Checked computes a bankruptcy probability of 1.7% 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 1,322 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 · 46 lines
Balance sheet Code2025
Assets
Total assets20/58€235,019
Fixed assets21/28€132,415
Tangible fixed assets22/27€104,825
Furniture and vehicles24€16,344
Other tangible fixed assets26€88,481
Financial fixed assets28€27,590
Current assets29/58€102,605
Stocks and contracts in progress3€10,719
Stocks30/36€10,719
Amounts receivable within one year40/41€36,474
Trade receivables40€11,134
Other amounts receivable41€25,340
Cash at bank and in hand54/58€53,679
Deferred charges and accrued income490/1€1,733
Equity and liabilities
Total equity and liabilities10/49€235,019
Equity10/15-€105,845
Contributions10/11€15,000
Profit (loss) carried forward14-€134,986
Investment grants15€14,140
Amounts payable17/49€340,865
Amounts payable after more than one year17€30,666
Financial debts170/4€30,666
Amounts payable within one year42/48€305,075
Current portion of amounts payable after more than one year42€14,334
Trade debts44€47,815
Suppliers440/4€47,815
Advances received on contracts in progress46€13,347
Taxes, remuneration and social security45€34,627
Taxes450/3€15,435
Remuneration and social security454/9€19,192
Other amounts payable47/48€194,951
Accrued charges and deferred income492/3€5,124
Income statement Code2025
Remuneration, social security and pensions62€95,739
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8,732
Other operating charges640/8€997
Gross operating margin9900-€29,505
Operating profit (loss)9901-€134,972
Financial income75/76B€1,215
Recurring financial income75€1,215
Financial charges65/66B€1,228
Recurring financial charges65€1,228
Profit (loss) for the period before taxes9903-€134,986
Profit (loss) for the period9904-€134,986
Profit (loss) for the period to be appropriated9905-€134,986
Appropriation of the result
Profit (loss) to be appropriated9906-€134,986
Social balance sheet
Average headcount (FTE)90873.0

The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Remuneration, social security and pensions62€95,739
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8,732
Other operating charges640/8€997
Gross operating margin9900-€29,505
Operating profit (loss)9901-€134,972
Financial income75/76B€1,215
Recurring financial income75€1,215
Financial charges65/66B€1,228
Recurring financial charges65€1,228
Profit (loss) for the period before taxes9903-€134,986
Profit (loss) for the period9904-€134,986
Profit (loss) for the period to be appropriated9905-€134,986
Line2025
Assets
Total assets20/58€235,019
Fixed assets21/28€132,415
Tangible fixed assets22/27€104,825
Furniture and vehicles24€16,344
Other tangible fixed assets26€88,481
Financial fixed assets28€27,590
Current assets29/58€102,605
Stocks and contracts in progress3€10,719
Stocks30/36€10,719
Amounts receivable within one year40/41€36,474
Trade receivables40€11,134
Other amounts receivable41€25,340
Cash at bank and in hand54/58€53,679
Deferred charges and accrued income490/1€1,733
Equity and liabilities
Total equity and liabilities10/49€235,019
Equity10/15-€105,845
Contributions10/11€15,000
Profit (loss) carried forward14-€134,986
Investment grants15€14,140
Amounts payable17/49€340,865
Amounts payable after more than one year17€30,666
Financial debts170/4€30,666
Amounts payable within one year42/48€305,075
Current portion of amounts payable after more than one year42€14,334
Trade debts44€47,815
Suppliers440/4€47,815
Advances received on contracts in progress46€13,347
Taxes, remuneration and social security45€34,627
Taxes450/3€15,435
Remuneration and social security454/9€19,192
Other amounts payable47/48€194,951
Accrued charges and deferred income492/3€5,124
Line2025
Profit (loss) for the period9904-€134,986
+ Depreciation and write-downs630€8,732
Operating cash flow (approximation)-€126,254

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

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Filings with the National Bank (1)
Financial year Type Filed Reference
31-12-2025 abbreviated format 08-10-2026 2026-00555334

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