De Studio
ActiveSummary
The annual accounts of De Studio for fiscal year 2025 show a net loss of 58% of the equity at the start of that year. The 2025 annual accounts show equity of €3k and a net result of €-4k. Equity is shrinking by ~17.7% per year across the filed fiscal years. Its solvency ranks better than 23% of 2053 sector peers (fiscal year 2025). The company has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability3▲+3
Solvency34▼-7
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
No publishable credit limit; credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity tight (current ratio 1.05 against 1.21 in 2024; short-term debt: 90.9% and cash: 24.3% of total assets), and 91.2% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 85
Relative position
BE, all sectors
reference
Education (NACE 85)
about 77% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
8.8%
Return on assets
-12.3%
Age of the figures
15 mo
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
19202122232425
2019 to 2025 · latest year €-4k
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 23% of 2053 sector peers (2025).
NBB · sector comparisonPosition among 2053 sector peers
Solvency
better than 23%
← weakest
strongest →
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 16-01-2026, 15 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
15 d early
2024
16 d early
2023
2 d early
2022
12 d early
2021
25 d early
2020
12 d late
2019
11 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close25-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€3k▼ 58.3%
2024 · €7k
2019: €10k
2020: €16k▲ +69.6% vs 2019
2021: €6k▼ -60.1% vs 2020
2022: €9k▲ +42.3% vs 2021
2023: €24k▲ +162% vs 2022highest in 7 years
2024: €7k▼ -70.9% vs 2023
2025: €3k▼ -58.3% vs 2024lowest in 7 years
2019 → 2025
Total assets
€33k▼ 23.3%
2024 · €43k
2019: €23k
2020: €24k▲ +3.2% vs 2019
2021: €23k▼ -3.5% vs 2020
2022: €19k▼ -17.0% vs 2021lowest in 7 years
2023: €33k▲ +71.7% vs 2022
2024: €43k▲ +30.3% vs 2023highest in 7 years
2025: €33k▼ -23.3% vs 2024
2019 → 2025
Net result
€-4k▲ 76.0%
2024 · €-17k
2019: €-9k
2020: €7k▲ +173% vs 2019
2021: €-10k▼ -246% vs 2020
2022: €3k▲ +128% vs 2021
2023: €15k▲ +446% vs 2022highest in 7 years
2024: €-17k▼ -215% vs 2023lowest in 7 years
2025: €-4k▲ +76.0% vs 2024
2019 → 2025
Working capital
€2k▼ 77.7%
2024 · €7k
2019: €6k
2020: €10k▲ +63.5% vs 2019
2021: €4k▼ -62.1% vs 2020
2022: €5k▲ +36.4% vs 2021
2023: €20k▲ +301% vs 2022highest in 7 years
2024: €7k▼ -65.0% vs 2023
2025: €2k▼ -77.7% vs 2024lowest in 7 years
2019 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€6k-€9k▲ 42.3%€24k▲ 162%€7k▼ 70.9%€3k▼ 58.3%
2021: €6k
2022: €9k▲ +42.3% vs 2021
2023: €24k▲ +162% vs 2022highest in 5 years
2024: €7k▼ -70.9% vs 2023
2025: €3k▼ -58.3% vs 2024lowest in 5 years
Operating result€-9k-€3k€15k▲ 410%€-17k€-4k▲ 78.0%
2021: €-9k
2022: €3k▲ +132% vs 2021
2023: €15k▲ +410% vs 2022highest in 5 years
2024: €-17k▼ -212% vs 2023lowest in 5 years
2025: €-4k▲ +78.0% vs 2024
Net result€-10k-€3k€15k▲ 446%€-17k€-4k▲ 76.0%
2021: €-10k
2022: €3k▲ +128% vs 2021
2023: €15k▲ +446% vs 2022highest in 5 years
2024: €-17k▼ -215% vs 2023lowest in 5 years
2025: €-4k▲ +76.0% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €4k in 2025 against €17k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €33k
Fixed assets
€1k ▼ 44.1%
Current assets
€32k ▼ 22.0%
Equity and liabilities €33k
Equity
€3k ▼ 58.3%
Debt
€30k ▼ 16.6%
Debt's share of the balance-sheet total rises from 83.8% to 91.2%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-3k▲
2024 · €-16k
Cash flow
€-3k▲
2024 · €-16k
Current ratio
1.05▼
2024 · 1.21
Debt to equity
10.38▲
2024 · 5.18
ROE
-140.0%▲
2024 · -243.3%
ROA
-12.3%▲
2024 · -39.3%
Interest coverage
-5.87▲
2024 · -90.82
Debt ≤ 1 year
€30k▼
2024 · €34k
Income taxes
€4
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 44 lines
Balance sheet
Code20242025
Assets
Total assets20/58€43k€33k▼
Fixed assets21/28€3k€1k▼
Tangible fixed assets22/27€3k€1k▼
Other tangible fixed assets26€3k€1k▼
Current assets29/58€41k€32k▼
Amounts receivable within one year40/41€29k€18k▼
Trade receivables40€17k€18k▲
Other amounts receivable41€12k€0▼
Current investments50/53€0€4k▲
Cash at bank and in hand54/58€12k€8k▼
Deferred charges and accrued income490/1€331€2k▲
Equity and liabilities
Total equity and liabilities10/49€43k€33k▼
Equity10/15€7k€3k▼
Contributions10/11€19k€19k=
Reserves13€0-
Distributable reserves133€0-
Profit (loss) carried forward14€-12k€-16k▼
Amounts payable17/49€36k€30k▼
Amounts payable within one year42/48€34k€30k▼
Current portion of amounts payable after more than one year42€0-
Trade debts44€33k€28k▼
Suppliers440/4€33k€28k▼
Advances received on contracts in progress46€144€0▼
Taxes, remuneration and social security45-€2k
Taxes450/3-€2k
Other amounts payable47/48€153€511▲
Accrued charges and deferred income492/3€3k€93▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€1k=
Other operating charges640/8€874€669▼
Gross operating margin9900€-15k€-2k▲
Operating profit (loss)9901€-17k€-4k▲
Financial income75/76B€10€71▲
Recurring financial income75€10€71▲
Financial charges65/66B€174€443▲
Recurring financial charges65€174€443▲
Profit (loss) for the period before taxes9903€-17k€-4k▲
Income taxes67/77-€4
Profit (loss) for the period9904€-17k€-4k▲
Profit (loss) for the period to be appropriated9905€-17k€-4k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-17k€-16k▲
Profit (loss) brought forward from the previous period14P€0€-12k▼
Transfer from equity791/2€5k€0▼
Transfer to equity691/2€0-
To other reserves6921€0-
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €4k | €0 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2k | €3k | €3k | €1k | €1k | = |
| Other operating charges640/8 | - | €677 | €749 | €874 | €669 | ▼ 23.5% |
| Gross operating margin9900 | €-6k | €6k | €19k | €-15k | €-2k | ▲ 87.1% |
| Operating profit (loss)9901 | €-9k | €3k | €15k | €-17k | €-4k | ▲ 78.0% |
| Financial income75/76B | - | €2 | €0 | €10 | €71 | ▲ 603% |
| Recurring financial income75 | €5 | €2 | €0 | €10 | €71 | ▲ 603% |
| Financial charges65/66B | - | €236 | €209 | €174 | €443 | ▲ 155% |
| Recurring financial charges65 | €388 | €236 | €209 | €174 | €443 | ▲ 155% |
| Profit (loss) for the period before taxes9903 | €-10k | €3k | €15k | €-17k | €-4k | ▲ 76.0% |
| Income taxes67/77 | - | - | - | - | €4 | - |
| Profit (loss) for the period9904 | €-10k | €3k | €15k | €-17k | €-4k | ▲ 76.0% |
| Profit (loss) for the period to be appropriated9905 | €-10k | €3k | €15k | €-17k | €-4k | ▲ 76.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €23k | €19k | €33k | €43k | €33k | ▼ 23.3% |
| Fixed assets21/28 | €9k | €6k | €4k | €3k | €1k | ▼ 44.1% |
| Tangible fixed assets22/27 | €9k | €6k | €4k | €3k | €1k | ▼ 44.1% |
| Plant, machinery and equipment23 | - | €602 | €0 | - | - | - |
| Furniture and vehicles24 | - | €190 | €0 | - | - | - |
| Other tangible fixed assets26 | - | €6k | €4k | €3k | €1k | ▼ 44.1% |
| Current assets29/58 | €14k | €13k | €30k | €41k | €32k | ▼ 22.0% |
| Amounts receivable within one year40/41 | €3k | €4k | €17k | €29k | €18k | ▼ 39.4% |
| Trade receivables40 | - | €4k | €7k | €17k | €18k | ▲ 3.1% |
| Other amounts receivable41 | - | - | €10k | €12k | €0 | ▼ 100% |
| Current investments50/53 | €7k | €4k | €4k | €0 | €4k | - |
| Cash at bank and in hand54/58 | €4k | €5k | €7k | €12k | €8k | ▼ 30.0% |
| Deferred charges and accrued income490/1 | - | €478 | €2k | €331 | €2k | ▲ 534% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €23k | €19k | €33k | €43k | €33k | ▼ 23.3% |
| Equity10/15 | €6k | €9k | €24k | €7k | €3k | ▼ 58.3% |
| Contributions10/11 | €0 | €19k | €19k | €19k | €19k | = |
| Outside capital11 | - | €19k | - | - | - | - |
| Other1109/19 | - | €19k | - | - | - | - |
| Reserves13 | - | - | €5k | €0 | - | - |
| Distributable reserves133 | - | - | €5k | €0 | - | - |
| Profit (loss) carried forward14 | €-12k | €-9k | €0 | €-12k | €-16k | ▼ 35.3% |
| Amounts payable17/49 | €17k | €10k | €9k | €36k | €30k | ▼ 16.6% |
| Amounts payable after more than one year17 | €4k | €2k | €0 | - | - | - |
| Financial debts170/4 | - | €2k | €0 | - | - | - |
| Amounts payable within one year42/48 | €11k | €8k | €9k | €34k | €30k | ▼ 10.2% |
| Current portion of amounts payable after more than one year42 | - | €2k | €2k | €0 | - | - |
| Trade debts44 | €8k | €5k | €7k | €33k | €28k | ▼ 17.2% |
| Suppliers440/4 | - | €5k | €7k | €33k | €28k | ▼ 17.2% |
| Advances received on contracts in progress46 | - | - | €144 | €144 | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | - | €697 | €0 | - | €2k | - |
| Taxes450/3 | - | €697 | €0 | - | €2k | - |
| Other amounts payable47/48 | - | - | €153 | €153 | €511 | ▲ 234% |
| Accrued charges and deferred income492/3 | - | €536 | €0 | €3k | €93 | ▼ 96.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-10k | €3k | €15k | €-17k | €-4k | ▲ 76.0% |
| + Depreciation and write-downs630 | €2k | €3k | €3k | €1k | €1k | = |
| Operating cash flow (approximation) | €-8k | €5k | €18k | €-16k | €-3k | ▲ 81.4% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €360 | €2k | €5k | €-3k | ▼ 170% |
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
Next filing, fiscal year 2026, expected by
2026
16-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
15-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-06
Financial
Weakest financial yearnet €-17k
Net result drops to €-17k, the lowest in the series; recovery starts the following year.
29-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial
Highest result since 2019net €15k ▲446%
Operating result €15k, net result €15k, both a record.
19-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial
Back to profitnet €3k
Net result €3k after one loss-making year.
06-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
12-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 12 days late
2020
30-06
Financial
Back to profitnet €7k
Net result €7k after one loss-making year.
20-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Heist-op-den-Berg · 1 establishment unit since 2018
Ground area
352 m²
Building footprint
257 m²
Volume, LiDAR
1,229 m³
Parcel 12322I0269/00Z000, Flanders · tallest building 9.9 m, ±1 floor. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
De Studio
since 20182.279.379.838
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 12322I0269/00Z000 | Flanders | 351 m² | 1 · 257 m² | 9.9 m · 1 fl. |
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
2022 · 1 entry · 2,000 EUR awarded · 2,000 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 2,000 EUR | 2,000 EUR |
Schemes
Hinderpremie bij openbare werken
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Of 13,496 companies in sector 85510 we hold annual accounts for 720. 361 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
Founded04-09-2018
Fiscal year end30-06
Activities, NACEBEL 2025
85510Sports and recreation education
93130Fitness centres
64210Activities of holding companies
82990Other business support services
93110Operation of sports facilities
Scores and ratios are computed by Checked and are not a credit decision.