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Ding Studio

Active
Private limited companyfounded 2024active for 2 yearsStationsstraat 20A, 3722 Hasselt, BelgiumKBO/BCE: BE 1009.404.269

Financials · financial year 2025, micro format

Annual accounts 2025 filed on 30-06-2026 at the NBB all 2 filings

Turnover
≈ €170,000
Estimated: probably between €100,000 and €300,000
Total assets
€102,297▲ 14.5%
2024 · €89,344
Net result
€24,458▼ 58.8%
2024 · €59,393
Working capital
€78,904▲ 45.8%
2024 · €54,127
Trend over the years

2024 to 2025, 2 financial years

The operating result for 2025 is 52% lower than in 2024.

Operating result€35,800 2025 Net result€24,458 2025

Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.

Use the arrow keys on the chart for the figures per year.

The sector band is the middle half of the companies in Other professional, scientific and technical activities (NACE 74). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).

Every figure with its change against the financial year before
favourable unfavourable
Line20242025
Operating result€74,987-€35,800▼ 52.3%
Net result€59,393above the sector's middle half-€24,458within the sector's middle half▼ 58.8%
Equity€64,393within the sector's middle half-€88,850within the sector's middle half▲ 38.0%
Total assets€89,344within the sector's middle half-€102,297within the sector's middle half▲ 14.5%
Debt€24,951-€13,447▼ 46.1%
Working capital€54,127within the sector's middle half-€78,904above the sector's middle half▲ 45.8%
Solvency72.1%within the sector's middle half-86.9%above the sector's middle half▲ 14.8pp
Current ratio3.17within the sector's middle half-6.87above the sector's middle half▲ 3.70
Return on assets (ROA)66.5%above the sector's middle half-23.9%within the sector's middle half▼ 42.6pp
above within below The sector band is the middle half of the companies in Other professional, scientific and technical activities (NACE 74). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €102,297
Fixed assets €9,946 ▼ 3.1%
Current assets €92,350 ▲ 16.8%
Equity and liabilities €102,297
Equity €88,850 ▲ 38.0%
Debt €13,447 ▼ 46.1%
Debt's share of the balance-sheet total falls from 27.9% to 13.1%. Equity is higher and debt is lower.
Key figures and ratios
2025 value · change against 2024
EBITDA
€41,036▼
2024 · €77,063
Cash flow
€29,693▼
2024 · €61,469
Debt to equity
0.15▼
2024 · 0.39
ROE
27.5%▼
2024 · 92.2%
Interest coverage
79.89▼
2024 · over 100
Debt ≤ 1 year
€13,447▼
2024 · €24,951
Income taxes
€10,918▼
2024 · €14,876
Green means a favourable move, even when the figure itself falls, as with debt or debt to equity.

Investments

fixed assets acquired
Item20242025
Tangible fixed assets€12,342€4,916
Depreciation and write-downs of the year€2,076€5,235

Source: notes to the 2024 to 2025 annual accounts (statement of fixed assets)

Comparable companies

These companies have the same main activity as Ding Studio: graphic design and visual communication (NACE 74120). They are comparable in size and age: total assets between €83,500 and €130,000, founded between 2023 and 2024.

CompanyFoundedTotal assetsEquityGross marginNet resultFinancial year
Ding Studio Hasselt2024€102,297€88,850€41,289€24,4582025
BLENDHAUS Waasmunster2024€87,575€62,728€49,342€37,9552025
Studio Tonton Hasselt2023€85,386€67,811€43,379€27,2942025
Wayders Malmedy2024€124,053€22,927€37,971€6,1272025
Maxime Blogie - Digital Communication Ohey2023€97,086€83,676€36,771€25,2362025
Menschen Brugge2024€83,547€45,066€52,637€36,8772025
36bidules Waterloo2024€130,262€116,231€52,203€38,9932025

They were chosen from the 1,028 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity

Companies with the same profile, two years later

Historical observation

In July 2024, 39,278 companies had the same profile as Ding Studio has now. Two years later, 1.8% had gone bankrupt and 95.9% were still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.8% went bankrupt
2.3% stopped otherwise
95.9% was still going

The bankruptcy probability of Ding Studio itself is lower: < 0.1% within 12 months. It rests on far more data about Ding Studio than the profile alone.

Test of the method

The method was tested on the 497,445 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 39,278 companies, not a prediction for Ding 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.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 39 lines

Source: Annual accounts 2025 at the NBB, filed on 30-06-2026.

Balance sheet Code20242025
Assets
Total assets20/58€89,344€102,297▲
Fixed assets21/28€10,266€9,946▼
Tangible fixed assets22/27€10,266€9,946▼
Plant, machinery and equipment23€10,266€9,946▼
Current assets29/58€79,078€92,350▲
Amounts receivable within one year40/41€34,329€13,313▼
Trade receivables40€34,324€5,501▼
Other amounts receivable41€5€7,813▲
Cash at bank and in hand54/58€43,918€76,889▲
Deferred charges and accrued income490/1€831€2,149▲
Equity and liabilities
Total equity and liabilities10/49€89,344€102,297▲
Equity10/15€64,393€88,850▲
Contributions10/11€5,000€5,000=
Reserves13€59,393€83,850▲
Distributable reserves133€59,393€83,850▲
Amounts payable17/49€24,951€13,447▼
Amounts payable within one year42/48€24,951€13,447▼
Financial debts43€662€362▼
Credit institutions430/8€662€362▼
Trade debts44€1,101€2,696▲
Suppliers440/4€1,101€2,696▲
Taxes, remuneration and social security45€5,504€3,453▼
Taxes450/3€5,504€3,453▼
Other amounts payable47/48€17,684€6,936▼
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,076€5,235▲
Other operating charges640/8€215€253▲
Gross operating margin9900€77,278€41,289▼
Operating profit (loss)9901€74,987€35,800▼
Financial income75/76B€15€89▲
Recurring financial income75€15€89▲
Financial charges65/66B€733€514▼
Recurring financial charges65€733€514▼
Profit (loss) for the period before taxes9903€74,268€35,376▼
Income taxes67/77€14,876€10,918▼
Profit (loss) for the period9904€59,393€24,458▼
Profit (loss) for the period to be appropriated9905€59,393€24,458▼
Appropriation of the result
Profit (loss) to be appropriated9906€59,393€24,458▼
Transfer to equity691/2€59,393€24,458▼
To other reserves6921€59,393€24,458▼

The notes to these accounts have 5 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Line20242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,076€5,235▲ 152%
Other operating charges640/8€215€253▲ 17.5%
Gross operating margin9900€77,278€41,289▼ 46.6%
Operating profit (loss)9901€74,987€35,800▼ 52.3%
Financial income75/76B€15€89▲ 493%
Recurring financial income75€15€89▲ 493%
Financial charges65/66B€733€514▼ 30.0%
Recurring financial charges65€733€514▼ 30.0%
Profit (loss) for the period before taxes9903€74,268€35,376▼ 52.4%
Income taxes67/77€14,876€10,918▼ 26.6%
Profit (loss) for the period9904€59,393€24,458▼ 58.8%
Profit (loss) for the period to be appropriated9905€59,393€24,458▼ 58.8%
Line20242025Change
Assets
Total assets20/58€89,344€102,297▲ 14.5%
Fixed assets21/28€10,266€9,946▼ 3.1%
Tangible fixed assets22/27€10,266€9,946▼ 3.1%
Plant, machinery and equipment23€10,266€9,946▼ 3.1%
Current assets29/58€79,078€92,350▲ 16.8%
Amounts receivable within one year40/41€34,329€13,313▼ 61.2%
Trade receivables40€34,324€5,501▼ 84.0%
Other amounts receivable41€5€7,813▲ 1,508×
Cash at bank and in hand54/58€43,918€76,889▲ 75.1%
Deferred charges and accrued income490/1€831€2,149▲ 159%
Equity and liabilities
Total equity and liabilities10/49€89,344€102,297▲ 14.5%
Equity10/15€64,393€88,850▲ 38.0%
Contributions10/11€5,000€5,000=
Reserves13€59,393€83,850▲ 41.2%
Distributable reserves133€59,393€83,850▲ 41.2%
Amounts payable17/49€24,951€13,447▼ 46.1%
Amounts payable within one year42/48€24,951€13,447▼ 46.1%
Financial debts43€662€362▼ 45.3%
Credit institutions430/8€662€362▼ 45.3%
Trade debts44€1,101€2,696▲ 145%
Suppliers440/4€1,101€2,696▲ 145%
Taxes, remuneration and social security45€5,504€3,453▼ 37.3%
Taxes450/3€5,504€3,453▼ 37.3%
Other amounts payable47/48€17,684€6,936▼ 60.8%
Line20242025Change
Profit (loss) for the period9904€59,393€24,458▼ 58.8%
+ Depreciation and write-downs630€2,076€5,235▲ 152%
Operating cash flow (approximation)€61,469€29,693▼ 51.7%
Investment in fixed assets (approximation)--€4,916-
Change in cash-€32,970-

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

Download as CSV

Filings with the National Bank (2)
Financial year Type Filed Reference Document
31-12-2025 micro format 30-06-2026 2026-00231355 NBB
31-12-2024 micro format 01-07-2025 2025-00213702 NBB

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