Liquidity
Short-term debts fell from €9,533 to €291.
Short-term debts fell from €9,533 to €291.
Less equity than 86% of companies in advertising and market research. Sector median €506,794 · 847 companies.
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.
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).
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).
In July 2024, 3,223 companies had the same profile as DBF Studio has now. Each dot stands for 9 companies, two years later.
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.
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.
| 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.
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.
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.
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.
| 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.
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.
Turnover: not included in this filing.
Higher than 95% of 846 companies in 2025.
Higher than 95% of 813 companies in 2025.
Lower than 95% of 837 companies in 2025.
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: bottom quarter · Working capital: middle half
| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Balance sheet: assets | ||||
20/58 |
10,109 | 27,042 | 12,041 | |
29/58 |
10,109 | 27,042 | 12,041 | |
40/41 |
9,345 | 26,253 | - | |
40 |
- | 10,771 | - | |
41 |
9,345 | 15,483 | - | |
54/58 |
764 | 734 | 12,041 | |
490/1 |
- | 55 | - | |
| Balance sheet: equity and liabilities | ||||
10/49 |
10,109 | 27,042 | 12,041 | |
10/15 |
9,818 | 17,510 | 5,819 | |
10/11 |
2,500 | 2,500 | 2,500 | |
14 |
7,318 | 15,010 | 3,319 | |
17/49 |
291 | 9,533 | 6,222 | |
42/48 |
291 | 9,533 | 6,222 | |
44 |
161 | 1,922 | 54 | |
440/4 |
161 | 1,922 | 54 | |
45 |
130 | 7,611 | 4,418 | |
450/3 |
130 | 7,611 | 4,418 | |
47/48 |
- | - | 1,750 | |
| Income statement | ||||
9900 |
-7,584 | 16,387 | 4,217 | |
640/8 |
387 | 893 | - | |
9901 |
-7,971 | 15,495 | 4,217 | |
75/76B |
356 | 207 | - | |
75 |
356 | 207 | - | |
65/66B |
130 | 15 | 8 | |
65 |
130 | 15 | 8 | |
9903 |
-7,746 | 15,687 | 4,209 | |
67/77 |
-54 | 3,996 | 890 | |
9904 |
-7,692 | 11,691 | 3,319 | |
9905 |
-7,692 | 11,691 | 3,319 | |
| Appropriation of the result | ||||
9906 |
7,318 | 15,010 | 3,319 | |
14P |
15,010 | 3,319 | - | |
| Document | ||||
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.
| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| 30 | -11,307 | - | ||
| 9,818 | 17,510 | 5,819 | ||
| 97.1% | 64.7% | 48.3% | ||
| 34.76 | 2.84 | 1.94 | ||
| 0.03 | 0.54 | 1.07 | ||
| -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.
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.
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.
| BY LIESEN
registered office since 09-06-2020 · founded in 2020 · negative equity (2025) |
total assets €160,426 (2025) 0748.383.803 |
Deadline for the 2026 accounts: 31-01-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
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
| Establishment | Since | Unit number |
|---|---|---|
| Avenue de la Corniche 26 registered office 1310 La Hulpe | 07-04-2023 | 2.344.224.833 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 25050F0015/00K013 | 1,022 m² | 1 · 189 m² | 12.3 m · 2 |
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