D-STUDIO
ActiveSummary
D-STUDIO has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €355,455 and a net result of €8,474. Equity remains stable across the filed fiscal years (±1.9% per year). Its solvency ranks better than 63% of 2834 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability56▲+7
Solvency81▲+2
Growth40=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25,000 at 30 days acceptable
Liquidity ample (current ratio 2.56 against 2.55 in 2023; short-term debt: 35.7% and cash: 12.1% of total assets), and 43.8% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Computer programming, consultancy and related activities (NACE 62)
about 64% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-06-2025, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
31 d early
2023
44 d early
2022
34 d early
2021
43 d early
2020
36 d early
2019
34 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 37 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 33% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
Source amounts without an identifiable currency are assumed to be EUR.
Turnover
€816,052▲ 10.1%
2022 · €741,194
EBIT margin
2.5%▼ 2.3pp
2022 · 4.8%
Net result
€8,474▼ 16.2%
2023 · €10,111
Working capital
€352,821▼ 13.8%
2023 · €409,170
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Turnover€741,194€816,052▲ 10.1%
Operating result€208,035=€119,697▼ 42.5%€35,765▼ 70.1%€20,496▼ 42.7%€18,377▼ 10.3%
Net result€139,692=€111,263▼ 20.4%€30,880▼ 72.2%€10,111▼ 67.3%€8,474▼ 16.2%
EBIT margin4.8%2.5%▼ 2.3pp
Equity€440,631=€480,490▲ 9.0%€488,870▲ 1.7%€398,981▼ 18.4%€355,455▼ 10.9%
Total assets€956,204=€638,133▼ 33.3%€814,133▲ 27.6%€736,492▼ 9.5%€632,517▼ 14.1%
Debt€515,574=€157,643▼ 69.4%€325,264▲ 106%€337,511▲ 3.8%€277,062▼ 17.9%
Working capital€369,043=€462,590▲ 25.3%€517,934▲ 12.0%€409,170▼ 21.0%€352,821▼ 13.8%
Staff (FTE)8.5▲ 21.4%8.7▲ 2.4%6.5▼ 25.3%6.6▲ 1.5%7.9▲ 19.7%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen four years in a row; 2024 is 10% below 2023 and is the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €632,517
Fixed assets
€53,831 ▼ 14.6%
Current assets
€578,686 ▼ 14.1%
Equity and liabilities €632,517
Equity
€355,455 ▼ 10.9%
Debt
€277,062 ▼ 17.9%
Debt's share of the balance-sheet total falls from 45.8% to 43.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
€39,659▲
2023 · €38,160
Cash flow
€29,756▲
2023 · €27,775
Current ratio
2.56▲
2023 · 2.55
Quick ratio
2.35▼
2023 · 2.39
Debt to equity
0.78▼
2023 · 0.85
ROE
2.4%▼
2023 · 2.5%
ROA
1.3%▼
2023 · 1.4%
Interest coverage
4.26▲
2023 · 4.00
Debt ≤ 1 year
€225,865▼
2023 · €264,280
Debt > 1 year
€51,197▼
2023 · €73,231
Income taxes
€991▼
2023 · €1,031
Staff costs
€576,693▲
2023 · €467,259
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | - | - | €741,194 | €816,052 | - | - |
| Non-recurring operating income76A | - | €4,839 | €6,703 | €500 | - | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | €570,479 | €448,575 | - | - |
| Remuneration, social security and pensions62 | - | €498,065 | €449,844 | €467,259 | €576,693 | ▲ 23.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €24,887 | €13,388 | €9,252 | €17,664 | €21,282 | ▲ 20.5% |
| Other operating charges640/8 | - | €28,820 | €669 | €1,778 | €685 | ▼ 61.5% |
| Gross operating margin9900 | €666,161 | €659,970 | €495,529 | €507,197 | €617,037 | ▲ 21.7% |
| Operating profit (loss)9901 | €208,035 | €119,697 | €35,765 | €20,496 | €18,377 | ▼ 10.3% |
| Financial income75/76B | - | €2,666 | €3,178 | €194 | €388 | ▲ 99.9% |
| Recurring financial income75 | €8,757 | €2,666 | €3,178 | €194 | €388 | ▲ 99.9% |
| Financial charges65/66B | - | €9,640 | €7,098 | €9,549 | €9,300 | ▼ 2.6% |
| Recurring financial charges65 | €13,161 | €9,640 | €7,098 | €9,549 | €9,300 | ▼ 2.6% |
| Profit (loss) for the period before taxes9903 | €212,736 | €112,723 | €31,845 | €11,142 | €9,465 | ▼ 15.0% |
| Income taxes67/77 | €73,044 | €1,460 | €965 | €1,031 | €991 | ▼ 3.9% |
| Profit (loss) for the period9904 | €139,692 | €111,263 | €30,880 | €10,111 | €8,474 | ▼ 16.2% |
| Profit (loss) for the period to be appropriated9905 | €139,692 | €111,263 | €30,880 | €10,111 | €8,474 | ▼ 16.2% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €956,204 | €638,133 | €814,133 | €736,492 | €632,517 | ▼ 14.1% |
| Formation expenses20 | €0 | - | - | - | - | - |
| Fixed assets21/28 | €77,670 | €18,650 | €71,395 | €63,042 | €53,831 | ▼ 14.6% |
| Intangible fixed assets21 | €0 | - | - | - | - | - |
| Tangible fixed assets22/27 | €45,098 | €18,522 | €71,267 | €62,914 | €53,703 | ▼ 14.6% |
| Plant, machinery and equipment23 | - | €16,143 | €12,099 | €15,841 | €10,866 | ▼ 31.4% |
| Furniture and vehicles24 | - | €2,379 | €1,174 | €609 | €261 | ▼ 57.1% |
| Leasing and similar rights25 | - | - | €38,638 | €29,119 | €27,242 | ▼ 6.4% |
| Other tangible fixed assets26 | - | - | €19,356 | €17,345 | €15,334 | ▼ 11.6% |
| Financial fixed assets28 | €42,572 | €128 | €128 | €128 | €128 | = |
| Current assets29/58 | €878,534 | €619,483 | €742,738 | €673,450 | €578,686 | ▼ 14.1% |
| Stocks and contracts in progress3 | €0 | - | €45,860 | €42,155 | €48,322 | ▲ 14.6% |
| Contracts in progress37 | - | - | €45,860 | €42,155 | €48,322 | ▲ 14.6% |
| Amounts receivable within one year40/41 | €598,204 | €538,760 | €514,701 | €517,766 | €453,538 | ▼ 12.4% |
| Trade receivables40 | - | €462,951 | €410,728 | €340,162 | €264,273 | ▼ 22.3% |
| Other amounts receivable41 | - | €75,809 | €103,974 | €177,604 | €189,266 | ▲ 6.6% |
| Current investments50/53 | €0 | - | - | - | - | - |
| Cash at bank and in hand54/58 | €280,330 | €75,099 | €180,637 | €113,529 | €76,826 | ▼ 32.3% |
| Deferred charges and accrued income490/1 | - | €5,624 | €1,540 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €956,204 | €638,133 | €814,133 | €736,492 | €632,517 | ▼ 14.1% |
| Equity10/15 | €440,631 | €480,490 | €488,870 | €398,981 | €355,455 | ▼ 10.9% |
| Contributions10/11 | €33,000 | €33,000 | €36,300 | €36,300 | €36,300 | = |
| Outside capital11 | - | €33,000 | - | - | - | - |
| Other1109/19 | - | €33,000 | - | - | - | - |
| Reserves13 | €407,631 | €445,300 | €452,000 | €360,000 | €319,155 | ▼ 11.3% |
| Non-distributable reserves130/1 | - | €3,300 | - | - | - | - |
| Reserves not available under the articles1311 | - | €3,300 | - | - | - | - |
| Distributable reserves133 | - | €442,000 | €452,000 | €360,000 | €319,155 | ▼ 11.3% |
| Profit (loss) carried forward14 | €927 | €2,190 | €570 | €2,681 | - | - |
| Amounts payable17/49 | €515,574 | €157,643 | €325,264 | €337,511 | €277,062 | ▼ 17.9% |
| Amounts payable after more than one year17 | €2,528 | - | €100,312 | €73,231 | €51,197 | ▼ 30.1% |
| Financial debts170/4 | - | - | €100,312 | €73,231 | €51,197 | ▼ 30.1% |
| Amounts payable within one year42/48 | €509,491 | €156,893 | €224,804 | €264,280 | €225,865 | ▼ 14.5% |
| Current portion of amounts payable after more than one year42 | - | - | €27,551 | €27,080 | €29,772 | ▲ 9.9% |
| Financial debts43 | - | €6,033 | €6,037 | €6,139 | - | - |
| Credit institutions430/8 | - | €6,033 | €6,037 | €6,139 | - | - |
| Trade debts44 | €299,651 | €55,166 | €50,009 | €4,928 | €19,061 | ▲ 287% |
| Suppliers440/4 | - | €55,166 | €50,009 | €4,928 | €19,061 | ▲ 287% |
| Taxes, remuneration and social security45 | - | €95,187 | €117,610 | €124,748 | €124,075 | ▼ 0.5% |
| Taxes450/3 | - | €22,934 | €54,358 | €50,027 | €35,429 | ▼ 29.2% |
| Remuneration and social security454/9 | - | €72,252 | €63,253 | €74,721 | €88,646 | ▲ 18.6% |
| Other amounts payable47/48 | - | €507 | €23,596 | €101,385 | €52,956 | ▼ 47.8% |
| Accrued charges and deferred income492/3 | - | €750 | €148 | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €139,692 | €111,263 | €30,880 | €10,111 | €8,474 | ▼ 16.2% |
| + Depreciation and write-downs630 | €24,887 | €13,388 | €9,252 | €17,664 | €21,282 | ▲ 20.5% |
| Operating cash flow (approximation) | €164,579 | €124,651 | €40,131 | €27,775 | €29,756 | ▲ 7.1% |
| Investment in fixed assets (approximation) | - | €45,633 | -€61,997 | -€9,311 | -€12,071 | ▼ 29.6% |
| Change in cash | - | -€205,231 | €105,538 | -€67,108 | -€36,703 | ▲ 45.3% |
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
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €8,474 ▼16.2%
Net result drops to €8,474, the lowest in the series.
17-06
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
17-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-12
Financial
Liquidity doublescurrent ratio 3.95
Current ratio from 1.72 to 3.95; short-term debt falls from €509,491 to €156,893.
24-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
26-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
24-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
09-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
11-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
25-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
5 acts for this company are 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, Mechelen · 1 establishment unit since 2003
Ground area
1,593 m²
Building footprint
607 m²
Parcel 12403D0086/00Y007, Flanders. Linked by address, not a title deed.
1 establishment unit
D-Studio
since 20032.173.606.979
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12403D0086/00Y007 | Flanders | 1,593 m² | 1 · 607 m² | - |
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.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 6 entries · 447,773 EUR awarded · 238,858 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 2 | 0 EUR | 118,000 EUR |
| 2024 | 1 | 0 EUR | 118,000 EUR |
| 2023 | 3 | 447,773 EUR | 2,858 EUR |
Federal government
2023 to 2025 · 10 entries · 310,041 EUR in total| Year | Department | Transactions | Amount |
|---|---|---|---|
| 2025 | FOD Mobiliteit | 2 | 135,582 EUR |
| 2024 | FOD Mobiliteit | 4 | 113,216 EUR |
| 2023 | FOD Mobiliteit | 4 | 61,243 EUR |
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Of 16,910 companies in sector 62100 we hold annual accounts for 8,775. 5,974 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
Founded23-07-2003
Fiscal year end31-12
Activities, NACEBEL 2025
62100Computer programming
70200Business and other management consultancy
Scores and ratios are computed by Checked and are not a credit decision.