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DBF Studio

Active Private limited companyfounded 2023active for 3 yearsAvenue de la Corniche 26, 1310 La HulpeKBO/BCE: BE 0800.580.293

Overview

Lifetime

3 annual accounts with figures on one time axis
peak €16,387 (2024)
-€7,584▼ €23,971
lowest -€7,692 (2025)
-€7,692▼ €19,382
peak €17,510 (2024)
€9,818▼ 43.9%
€291▼ 96.9%
Board1 name since 2023
Documentsfilings and deeds
30-01-20261 day before the deadline
2025financial year
Gross margin from €16,387 to -€7,584Loss of €7,692Equity from €17,510 to €9,818Debts from €9,533 to €291

Key points

from the 2025 annual accounts

Liquidity

34.76 was 2.84 in 2024

Short-term debts fell from €9,533 to €291.

Position in the sector

€9,818

Less equity than 86% of companies in advertising and market research. Sector median €506,794 · 847 companies.

Checked score

55
Fair
Financially stronger than 40% of micro companies in advertising and market research (NACE 73)
Probability in this band: 1.5% to 4.2%

A net loss of at least half of total assets or of the equity at the start of the financial year caps the score at 59.

Bankruptcy probability within 12 months
0.7% Low
0%0.5%1.5%4%10%≥ 25%

The dashed line is the sector median: 0.2% across 11,228 companies (NACE 73, micro).

About 7 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Last 24 months 12-2024: 0.2%lowest value 01-2025: 0.2%● unchanged vs 12-2024 02-2025: 0.8%▲ +0.6 percentage points vs 01-2025 03-2025: 0.7%▼ -0.1 percentage points vs 02-2025 04-2025: 0.8%▲ +0.1 percentage points vs 03-2025 05-2025: 0.8%● unchanged vs 04-2025 06-2025: 0.8%● unchanged vs 05-2025 07-2025: 0.8%● unchanged vs 06-2025 08-2025: 0.8%● unchanged vs 07-2025 09-2025: 0.8%● unchanged vs 08-2025 10-2025: 0.9%▲ +0.1 percentage points vs 09-2025 11-2025: 0.9%● unchanged vs 10-2025 12-2025: 0.9%● unchanged vs 11-2025 01-2026: 0.9%● unchanged vs 12-2025highest value 02-2026: 0.6%▼ -0.3 percentage points vs 01-2026 03-2026: 0.6%● unchanged vs 02-2026 04-2026: 0.6%● unchanged vs 03-2026 05-2026: 0.6%● unchanged vs 04-2026 06-2026: 0.6%● unchanged vs 05-2026 07-2026: 0.6%● unchanged vs 06-2026 08-2026: 0.6%● unchanged vs 07-2026 09-2026: 0.6%● unchanged vs 08-2026 10-2026: 0.7%▲ +0.1 percentage points vs 09-2026 11-2026: 0.7%● unchanged vs 10-2026

Financial strength
Average

100+10equity 97.1% of total assets
59+21short-term debt 2.9% · cash 7.6%
0-100return on assets -76.1%

Score breakdown

raises risk
Capped at 59: a net loss of at least half of total assets or of the equity at the start of the financial year
Founded in 2023
lowers risk
Sector: Advertising, market research and public relations activities (NACE 73)
Equity €9,818 (97.1% of total assets)
Size: total assets €10,109
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 73, micro). It does better than 87% of them on solvency, 52% on liquidity, 6% on profitability and 15% on growth.

The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

The probability rests on the annual accounts with balance sheet date 30-06-2025.

Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

Comparable companies, two years later

In July 2024, 3,223 companies had the same profile as DBF Studio has now. Each dot stands for 9 companies, two years later.

87.8%
were still trading
8.7%
stopped another way
3.4%
went bankrupt
  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a loss of 10% of the balance sheet or more

Another 0.2% stopped without a precise date, possibly only after those two years.

The bankruptcy probability of DBF Studio itself is lower: 0.7% within 12 months. It rests on far more data about DBF Studio than the profile alone.

Test of the method

The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the 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%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 3,223 companies, not a prediction for DBF Studio. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Credit verdict

Credit of up to €500 on 30-day terms, only on tighter conditions

Net loss of at least half of total assets or of the equity at the start of the financial year.

Liquidity is ample, with a current ratio of 34.76 (2.84 in 2024), above the usual 1.5. Short-term debt is 2.9% and cash 7.6% of total assets. 2.9% of the assets are financed with debt and provisions.

Credit check for an amount and term of your choice

Show the recommended maximum and see how the verdict changes with amount, term and advance.

The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises riskneutral
lowers risk · Sector: Advertising, market research and public relations activities (NACE 73)
KBO
raises risk · Founded in 2023
Companies of this age fail more often than older ones. How much that weighs depends on the rest of the company's profile.
KBO
lowers risk · Equity €9,818 (97.1% of total assets)
NBB · annual accounts
lowers risk · Size: total assets €10,109
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 30-01-2026, 1 day ahead of the deadline.
NBB · 3 filings
Deviation from the deadline
2025
1 day early
2024
on the day
2023
20 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 3 accounts on average 7 days before the deadline. In the sector (NACE 73), the median for financial year 2024 was 6 days before the deadline, and 36% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-06-2026 is due by 31-01-2027. Nothing is late today. The company usually files around 30 January (3 of the last 3 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
30-06-2026 year end09-11-2026 today31-01-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since incorporation in 2023.
KBO publications

Board and ownership

  • de BELLEFROID Antoine Robert Cedric Georges Paul 100 sharesdeed of 12-04-2023
Board & ownership

Recent changes

Registered in the Peppol Directory Reachable for e-invoices through 0208:0800580293
Incorporation Founding capital of €2,500, 100 shares · Founder: de BELLEFROID Antoine Robert Cedric Georges Paul · Appointment: de BELLEFROID Antoine Robert Cedric Georges Paul (director) · published on 12-04-2023 · Gazette deed
First establishment Avenue de la Corniche 26, La Hulpe
All 9 events

Comparable companies

same main activity, similar in size and age
Company
DBF Studio La Hulpe €10,109 -€7,584 97.1% -
SOFTWHALE STUDIO Lasne €10,823 -€12,630 27.0% -
FOX DS Ypres €10,129 -€137 17.0% -
DeliSaH Aalst €11,280 -€1,673 54.5% -
LIZA JEAN MEDIA Ixelles €11,443 -€20,664 -49.4% -
FPINSIGHTS Pajottegem €11,632 -€4,276 95.4% -
#BOOST Ternat €10,091 €859 68.2% -

These companies have the same main activity as DBF Studio: public relations and communication consultancy (NACE 73300). They are comparable in size and age: total assets between €10,100 and €11,600, founded between 2022 and 2023.

Official details

Source: KBO
Status
Active since 07-04-2023Normal situation
Activity
Public relations and communication consultancyNACE 73300and 5 others
Establishment unit
2.344.224.8331310 La Hulpe, since 07-04-2023
Financial year end
30 June
Peppol
Reachable since 31-12-2025
Company details

Annual accounts to 30-06-2025

-€7,584
€7,692
€9,818▼ 43.9%
€10,109▼ 62.6%
Filing
Filed on 30-01-2026, 1 day before the end of the filing period
Financials

Insights on DBF Studio

Solvency rose in 2025 from 64.7% to 97.1% because of lower debts.

Sources: KBO register, filings at the National Bank, Belgian Official Gazette.

Financials

Annual accounts 2025

full format, filed on 30-01-2026, 1 day before the deadline
-€7,584
▼ €23,971
-€7,971
▼ €23,466
-€7,692
▼ €19,382
€9,818
▼ 43.9%
97.1%
▲ 32.4 percentage points
34.76
▲ 31.92

Turnover: not included in this filing.

Balance sheet

balance sheet total €10,109 on 30-06-2025
What the company ownsHow it is paid for

in euro

in euro

Position in the sector

97.1%

Higher than 95% of 846 companies in 2025.

34.76

Higher than 95% of 813 companies in 2025.

-76.1%

Lower than 95% of 837 companies in 2025.

DBF Studio Middle half of the sector 80% of the sector Full accounts in advertising and market research (NACE 73)

Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: middle half

Filed annual accounts

as filed with the National Bank, click a year to choose it
Line Trend202520242023
Balance sheet: assets
20/58 10,10927,04212,041
29/58 10,10927,04212,041
40/41 9,34526,253-
40 -10,771-
41 9,34515,483-
54/58 76473412,041
490/1 -55-
Balance sheet: equity and liabilities
10/49 10,10927,04212,041
10/15 9,81817,5105,819
10/11 2,5002,5002,500
14 7,31815,0103,319
17/49 2919,5336,222
42/48 2919,5336,222
44 1611,92254
440/4 1611,92254
45 1307,6114,418
450/3 1307,6114,418
47/48 --1,750
Income statement
9900 -7,58416,3874,217
640/8 387893-
9901 -7,97115,4954,217
75/76B 356207-
75 356207-
65/66B 130158
65 130158
9903 -7,74615,6874,209
67/77 -543,996890
9904 -7,69211,6913,319
9905 -7,69211,6913,319
Appropriation of the result
9906 7,31815,0103,319
14P 15,0103,319-
Document PDFPDFPDF

The notes to these accounts have 1 item. You find them in the filed accounts (PDF).

Source: Annual accounts 2025 (PDF), filed on 30-01-2026.

Download as CSV

Filings

each dot is a set of accounts, on the day it reached the National Bank
Financial year Type Filed Reference Document
30-06-2025 full format 30-01-2026 2026-00019770 PDF
30-06-2024 full format 31-01-2025 2025-00018145 PDF
30-06-2023 full format 11-01-2024 2024-00000140 PDF

Key figures and ratios

per financial year, computed from the annual accounts
Line Trend202520242023
30-11,307-
9,81817,5105,819
97.1%64.7%48.3%
34.762.841.94
0.030.541.07
-78.3%66.8%57.0%
-76.1%43.2%27.6%

EBIT margin: not included in this filing.

A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.

Insights on DBF Studio

The operating result for 2025 is a loss of €7,971, after a profit of €15,495 in 2024. It is the lowest result since 2023.

Debt's share of the balance-sheet total falls from 35.3% to 2.9%. Equity and debt are lower.

Board & ownership

Board

1 director, since incorporation
Director (not named in the articles)
appointed by deed of 12-04-2023 term without a fixed end
listed in the 2025 annual accounts, filed on 30-01-2026

Office holders in the KBO →

Mandates through the years

1 name, the dashed line is today
de BELLEFROID Antoine Robert Cedric Georges Paul
Director (not named in the articles)
Board
Mandates as a list
  • de BELLEFROID Antoine Robert Cedric Georges Paul
    • Director (not named in the articles), appointed by deed of 12-04-2023, still in office

See the board, name and registered office on a given date →

Control

This company
DBF Studio
Equity €9,818
Loss €7,692 in 2025

Capital

Contribution
€2,500
Shares
100
Contribution per share
€25
Equity per share
€98.18 in 2025
Source
deed of 12-04-2023

Articles of association

deed of 12-04-2023 (in French)
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
“Moitié cédant moitié acquéreurs au prorata si plusieurs, pli recommandé”
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Third Thursday of December at 14:00
Statutory auditorA statutory auditor is a registered auditor who checks the annual accounts. Small companies need not have one.
No statutory auditor

Shareholders

At incorporation deed of 12-04-2023 ↗

Network & group

No group

DBF Studio has no parent and no holdings in its annual accounts. de BELLEFROID Antoine Robert Cedric Georges Paul is the only director. DBF Studio shares no director with another company.

At the same address

Avenue de la Corniche 26, 1310 La Hulpe · 1 other company
BY LIESEN
registered office since 09-06-2020 · founded in 2020 · negative equity (2025)
total assets €160,426 (2025)
0748.383.803

Timeline

Timeline

9 events since 2023

Deadline for the 2026 accounts: 31-01-2027

2026
Annual accounts 2025 filed PDFfull format · 1 day before the deadline
2025
Registered in the Peppol Directory Reachable for e-invoices through 0208:0800580293
Weakest financial year net -€7,692 The net result drops to -€7,692, the lowest from 2023 to 2025.
Liquidity more than 12 times current ratio 34.76 The current ratio rises from 2.84 to 34.76. Short-term debt falls from €9,533 to €291.
Annual accounts 2024 filed PDFfull format · on the deadline day
2024
Highest result from 2023 to 2025 net €11,691 ▲252% The operating result of €15,495 and the net result of €11,691 are both a record.
Annual accounts 2023 filed PDFfull format · 20 days before the deadline
2023
IncorporationFounding capital of €2,500, 100 shares · Founder: de BELLEFROID Antoine Robert Cedric Georges Paul · Appointment: de BELLEFROID Antoine Robert Cedric Georges Paul (director) · published on 12-04-20235 points ▸

Open the deed in the Belgian Official Gazette

First establishment Avenue de la Corniche 26, La Hulpe

Financial milestones sit on the financial year-end date, not the filing date.

Sources: Publications in the Belgian Official GazetteFilings with the National Bank

History

DBF Studio was incorporated on 7 April 2023 as a private limited company by one natural person, with a starting capital of €2,500.12 De BELLEFROID Antoine Robert Cedric Georges Paul is director of the company, appointed by deed of 12-04-2023.2 Total assets fell from €12,041 in 2023 to €10,109 in 2025.3

  1. 1KBO register
  2. 2Belgian Official Gazette, 12-04-2023
  3. 3National Bank, annual accounts 2023 and 2025

Company details

Identity

Enterprise number
0800.580.293
VAT number
BE 0800.580.293
Peppol ID
0208:0800580293
Other Peppol ID
9925:BE0800580293
Legal form
Private limited company
Status
Active, normal situation
Founded
07-04-2023
Financial year
ends on 30 June
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
Third Thursday of December at 14:00
deed of 12-04-2023 (in French)
Peppol
Reachable since 31-12-2025Follow this company and you will hear the next morning if it leaves the Peppol register.
Name
DBF Studio in French
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 12-04-2023 (in French)
Name clauseThe company operates under this name according to its articles.
DBF Studio
deed of 12-04-2023 (in French)

Activities

NACEBEL 2025
VAT activities
Social security (RSZ) activities
90120 Visual arts creation main activity
Codes under NACEBEL 2008
70210 Activities of head offices; management consultancy activities main activity
82300 Organisation of conventions and trade shows
82990 Other business support services
85599 Other education
90031 Arts creation and performing arts activities
90032 Arts creation and performing arts activities
PurposeThe purpose describes the activities the company may carry out under its articles.
“La composition, l’adaptation, l’achat, la vente, le traitement, la publication, la multiplication, l’édition, la diffusion et la…”
23 activities
  1. La composition, l’adaptation, l’achat, la vente, le traitement, la publication, la multiplication, l’édition, la diffusion et la distribution de musique de tout genre et de toute forme, de tout type de film (court ou long métrage, 3D, etc.), et de manière plus générale, de tout produit ou matériel audio-visuel
  2. Toutes activités d'agence de communication, prestations de conseil, formation, création et assistance opérationnelle apportés aux entreprises et autres organisations dans les domaines du marketing et de la communication écrite et visuelle (multimédia, édition, rédactionnel, etc.) et toutes activités annexes, connexes ou complémentaires s'y rattachant directement ou indirectement
  3. Toutes activités de relations presse et de relations publiques
  4. L’organisation, la promotion et/ou la gestion de formations diverses, mais également d’évènements publics ou privés, tels que salons, réceptions, expositions et foires, défilés, séminaires, conférences et réunions congrès, concerts, théâtre, team-building, etc., incluant ou non la gestion et la mise à disposition du personnel pour exploiter les installations où ces événements ont lieu
  5. L’achat et la location de matériel de réception (mobilier, vaisselle, décorations, plantes, sonorisations, éclairage)
  6. Toutes activités d'agence de publicité, notamment la conception et réalisation de campagnes publicitaires, promotions de ventes et publicité sur lieu de vente
  7. Toutes activités de création graphique (charte graphique, packaging, impression, etc.) et de production audio, vidéo et 3D, en ce compris les activités de caméraman et réalisateur
  8. La création de sites, développement de sites ou tout autre moyen de communication dématérialisé
  9. La création, le développement, l’achat, la vente et la location d’espaces publicitaires et d’espaces média sur tous supports existants ou à venir
  10. Toutes activités de photographie à but ou non de publicité d’un produit ou service
  11. Le développement, la réalisation et la promotion d’activités artistiques au travers de la photographie, l’achat de matériel nécessaire à ces activités et la participation à la diffusion, l’éducation et la formation en rapport avec toutes les formes d’expression liées à cet art et à cette technique
  12. La duplication de documents suivant tous les procédés, offset, graphisme, assisté par ordinateur ou non, en gros ou petits tirages, sur tous les supports papier, plastique, tissus ou autres
  13. Le service de développement numérique sur tous supports de films, photos, sets, dépliants publicitaires et cartes de visite
  14. L'exécution, sous quelque forme et par quelque procédé que ce soit, de tous travaux d'imprimerie, d'impression, de reproduction et de tous travaux d'imprimerie, d'impression, de reproduction et de tous travaux accessoires à cette activité; l'entreprise, la sous-entreprise et l'exécution de tous travaux précités, ainsi que la production, la transformation, la préparation, l'impression, l'achat, la vente, la location et l'entretien de tous matériels, machines, outillages, accessoires, articles et fournitures d'imprimerie et de tous produits de son activité
  15. Le copyrighting et l’élaboration de tout projet rédactionnel, publicitaire, documentaire et de marketing, en ce compris l’édition, la rédaction, la distribution de toute forme de support (prospectus, magazines, livres, spots radio, ... y compris internet et tout média interactif) et toute périodicité
  16. L’activité de création et direction artistiques
  17. L’activité d'agent d'artistes ou d’agent d'équipes comprenant artistes et techniciens concernant l'audio-visuel
  18. Toutes opérations se rapportant directement ou indirectement au conseil en systèmes informatiques, à la réalisation et au développement de programmes et logiciels informatiques (édition et autres activités de réalisation) et outils numériques, à la conception et au développement de sites web et d’applications en ligne, à la création et la gestion de contenu sur tout type de réseaux sociaux, au traitement de données, aux activités de banques de données, à l’entretien et à la réparation de machines de bureaux et de matériels informatiques et aux autres activités rattachées à l’informatique (notamment l’installation et la maintenance de réseaux). Ces activités comprendront notamment la conception, la création, le développement, la fabrication, la réalisation, la production, la sous-traitance, la commercialisation, l’acquisition, l’investissement, le placement, le partenariat et la valorisation des produits, systèmes et services y relatifs
  19. Les activités de design et décoration en ce compris l’activité de home staging, en ce compris l’organisation de formations, la consultance, etc. dans cette branche, les activités de conception graphique, toutes activités des décorateurs d'intérieur
  20. L’e-commerce et le commerce en gros ou en détail, l’importation, l’exportation, la vente, l’achat, la distribution de tous produits ou marchandises
  21. L’activité d’intermédiaire de commerce
  22. Toutes opérations se rapportant directement ou indirectement à toutes activités de consultance et notamment la fourniture de tous avis, conseils, formations et assistance sous quelque forme que ce soit à tous tiers, personnes physiques ou morales, dans tous les domaines et notamment, sans que cette liste soit exhaustive, en matière de comptabilité, de fiscalité, de stratégie, de développements théoriques ou pratiques de concepts, d'études de marché, de prospections, d'études fonctionnelles ou techniques d’organisation, de conception et de réalisations informatiques, d’administration, de gestion dans le sens le plus large touchant la vie des entreprises ou sociétés mêmes internationales, ainsi que le contrôle de leur gestion ou la participation à celles-ci par la prise de mandats au sein desdites entreprises ou sociétés, de marketing, de communication de management, de sélection du personnel, de gestion de ressources humaines (en ce compris le coaching individuel ou de groupes), de finances, d’assurances d’investissement, de trading, de développement commercial ou encore en matière de vente et d’achat d’entreprise, à l’exception des activités soumises à l’approbation de l’Autorité des services et marchés financiers (FSMA); ainsi que le placement de consultants en freelance, à l’exception des bureaux d’intérim
  23. La constitution, la gestion, et la valorisation d’un patrimoine immobilier, notamment l’acquisition par l’achat ou autrement, la vente, l’échange, la construction, la reconstruction, la transformation, l’amélioration, l’équipement, l’aménagement, l’embellissement, l’entretien, l’exploitation, la location, la prise en location, le lotissement, la prospection et l’exploitation de biens immeubles, ainsi que toutes opérations qui, directement ou indirectement, sont en relation avec cet objet et qui sont de nature à favoriser l’accroissement et le rapport d’un patrimoine immobilier et mobilier
deed of 12-04-2023 (in French)

Registered office and establishments

1 establishment
Establishment Since Unit number
Avenue de la Corniche 26 registered office 1310 La Hulpe 07-04-2023 2.344.224.833

Buildings and parcels at the address

Ground area
1,022 m²
Buildings
189 m²
Volume, LiDAR
1,151 m³
Tallest building
12.3 m
Buildings to scale, each on its own parcel
189 m², 12.3 m 189 m², 12.3 m

Location

registered office establishment The establishment unit on the map
2 companies at this address See who is registered here

Parcels

Cadastral parcelArea Buildings Height / floors
25050F0015/00K0131,022 m² 1 · 189 m² 12.3 m · 2