EAU'STUDIO

Active

Private limited companyfounded 20169 yrs activeRue de la Gare 45, 4850 Plombières, BelgiumKBO/BCE: BE 0664.672.011

The computed 12-month bankruptcy probability of EAU'STUDIO is 2.1% (moderate). The 2025 annual accounts show negative equity (€-809k) and a net result of €-252k. Equity is shrinking by ~66.5% per year across the filed fiscal years. Its solvency ranks better than 13% of 1282 sector peers (fiscal year 2025). The company has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2025

32 / 100

Weak▼ -5 vs 2024

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability100=

Solvency50▼-7

Growth32=

Stability100

Bankruptcy probability, 12 months

2.1% Moderate

0%0.5%1.5%4%10%≥ 25%

No credit on open account

Liquidity tight (current ratio 1.25 against 1.56 in 2024), and equity is negative.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Eight signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Multiple establishment units

Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.

KBO · establishment units

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 2025

Solvency, return and age of the figures

Solvency

-45.6%

Return on assets

-14.2%

Age of the figures

8 mo

Higher-failure-rate region

In this region companies fail more often than in the rest of the country.

KBO · registered office

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 55

Relative position

BE, all sectors

reference

Sector 55

higher

← fewer bankruptcies more bankruptcies →

Negative equity

Equity is negative for financial year 2025: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).

NBB · annual accounts 2025

Equity per financial year

1819202122232425

2018 to 2025 · latest year -€809k

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 20-07-2026, 11 days ahead of the deadline.

NBB · 9 filings

Deviation from the deadline

2025

11 d early

2024

16 d early

2023

25 d late

2022

94 d late

2021

18 d early

2020

9 d early

2019

32 d early

← before the deadline after the deadline →

The next deadline is still running

The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.

Companies Code · seven months

Position in the running window

12-09-2026 today31-12-2026 close31-07-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2025, micro schema

Equity

€-809k▼ 45.2%

2024 · €-557k

2018: €12k 2019: €19k 2020: €-17k 2021: €-117k 2022: €-240k 2023: €-376k 2024: €-557k

2018 → 2025

Total assets

€1.77M▼ 2.9%

2024 · €1.83M

2018: €129k 2019: €182k 2020: €614k 2021: €1.35M 2022: €1.14M 2023: €1.37M 2024: €1.83M

2018 → 2025

Net result

€-252k▼ 39.1%

2024 · €-181k

2018: €-4k 2019: €-12k 2020: €-36k 2021: €-100k 2022: €-123k 2023: €-136k 2024: €-181k

2018 → 2025

Working capital

€21k▼ 58.9%

2024 · €52k

2018: €-115k 2019: €-17k 2020: €-15k 2021: €-29k 2022: €22k 2023: €-109k 2024: €52k

2018 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20212022202320242025Trend

Equity€-117k-€-240k▼ 105%€-376k▼ 57.0%€-557k▼ 48.2%€-809k▼ 45.2%

Operating result€-74k-€-68k▲ 7.7%€-96k▼ 40.6%€-140k▼ 45.7%€-186k▼ 32.5%

Net result€-100k-€-123k▼ 22.6%€-136k▼ 11.3%€-181k▼ 32.7%€-252k▼ 39.1%

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 €186k in 2025 against €140k in 2024; the loss grows and 2025 is the lowest year so far.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €1.77M

94.0%

Fixed assets €1.67M▼ 1.0%

Current assets €106k▼ 25.6%

Key figures and ratios

2025 value · change against 2024

EBITDA

€-26k▼

2024 · €-15k

Cash flow

€-92k▼

2024 · €-56k

Solvency

-45.6%▼

2024 · -30.5%

Current ratio

1.25▼

2024 · 1.56

Quick ratio

1.25▼

2024 · 1.56

Debt / equity

-3.19▲

2024 · -4.28

ROE

31.1%▼

2024 · 32.5%

ROA

-14.2%▼

2024 · -9.9%

Interest coverage

-0.39▼

2024 · -0.36

Debt

€2.58M▲

2024 · €2.38M

Debt ≤ 1 year

€85k▼

2024 · €91k

Debt > 1 year

€2.26M▲

2024 · €2.12M

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2025 against 2024

Balance sheet Code20242025

Assets

Total assets20/58€1.83M€1.77M▼

Fixed assets21/28€1.68M€1.67M▼

Intangible fixed assets21€15k€11k▼

Tangible fixed assets22/27€1.67M€1.65M▼

Land and buildings22€1.30M€1.27M▼

Plant, machinery and equipment23€243k€241k▼

Furniture and vehicles24€94k€96k▲

Other tangible fixed assets26€17k€15k▼

Assets under construction and advance payments27€13k€31k▲

Financial fixed assets28€1k€1k=

Current assets29/58€143k€106k▼

Amounts receivable within one year40/41€29k€27k▼

Trade receivables40€18k€17k▼

Other amounts receivable41€10k€10k▼

Cash at bank and in hand54/58€112k€77k▼

Deferred charges and accrued income490/1€2k€3k▲

Equity and liabilities

Total equity and liabilities10/49€1.83M€1.77M▼

Equity10/15€-557k€-809k▼

Contributions10/11€37k€37k=

Profit (loss) carried forward14€-594k€-846k▼

Amounts payable17/49€2.38M€2.58M▲

Amounts payable after more than one year17€2.12M€2.26M▲

Financial debts170/4€2.12M€2.26M▲

Amounts payable within one year42/48€91k€85k▼

Trade debts44€75k€70k▼

Suppliers440/4€75k€70k▼

Taxes, remuneration and social security45€4k€7k▲

Taxes450/3€4k€7k▲

Other amounts payable47/48€12k€9k▼

Accrued charges and deferred income492/3€172k€236k▲

Income statement Code20242025

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€126k€160k▲

Other operating charges640/8€12k€9k▼

Gross operating margin9900€-3k€-18k▼

Operating profit (loss)9901€-140k€-186k▼

Financial income75/76B€69€46▼

Recurring financial income75€69€46▼

Financial charges65/66B€41k€66k▲

Recurring financial charges65€41k€66k▲

Profit (loss) for the period before taxes9903€-181k€-252k▼

Profit (loss) for the period9904€-181k€-252k▼

Profit (loss) for the period to be appropriated9905€-181k€-252k▼

Appropriation of the result

Profit (loss) to be appropriated9906€-594k€-846k▼

Profit (loss) brought forward from the previous period14P€-413k€-594k▼

The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 13Financial 3Gazette 1Filings 9

Next filing, fiscal year 2026, expected by 31-07-2027

2026

11-09

State Gazette act General meeting · Director resignation

General meeting · Director resignation · Director discharge9 facts ▸

General meeting, 2026-04-17
Director resignation, Frédéric Lex (administrateur)
Director resignation, Aléna Deckers (administrateur)
Director discharge, Frédéric Lex
Director discharge, Aléna Deckers
Director appointment, GROUPE ALFRED (administrateur)
Permanent representative, Frédéric Lex
Board composition, administrateur, 2026-04-01
Board composition, administrateur, 2026-04-01

20-07

NBB filing Annual accounts filed

fiscal year 2025 · micro schema

2025

31-12

Financial Weakest financial yearnet €-252k

Net result drops to €-252k, the lowest in the series.

15-07

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

31-12

Financial Liquidity times 7current ratio 1.56

Current ratio from 0.21 to 1.56; short-term debt falls from €138k to €91k.

25-08

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 25 days late

2023

02-11

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 94 days late

2022

31-12

Financial Liquidity times 7current ratio 1.69

Current ratio from 0.23 to 1.69; short-term debt falls from €37k to €32k.

13-07

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

2021

22-07

NBB filing Annual accounts filed

fiscal year 2020 · micro schema

2020

29-06

NBB filing Annual accounts filed

fiscal year 2019 · micro schema

2019

08-08

NBB filing Annual accounts filed

fiscal year 2018 · micro schema · 8 days late

2018

29-08

NBB filing Annual accounts filed

fiscal year 2017 · micro schema · 29 days late

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

3 directors, no change since 2026

GROUPE ALFRED

Director · since 01-04-2026 · Private limited company · perm. rep.: Frédéric Lex

Current

01-04-2026 GROUPE ALFRED: Appointed as Director

01-04-2026 Aléna Deckers: Resigned as Director

01-04-2026 Frédéric Lex: Resigned as Director

Location & real-estate footprint

Registered office, Plombières · 5 establishment units since 2016

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Rue de la Gare 454850 Plombières

Ground area

3,795 m²

Building footprint

792 m²

Volume, LiDAR

1,723 m³

5 parcels, Wallonia · tallest building 18.4 m, ±5 floors. Linked by address, not a title deed.

5 establishment units

KIDAMI

Rue de la Gare 45, 4850 PlombièresGeneral construction of buildings

since 20162.318.634.451

Les Doms d'Alfred - Kindadom

Rue des Champs 114, 4850 PlombièresHoliday cottages, homes and apartments

since 20212.338.835.591

Les Doms d'Alfred - Akwadom

Vosheydt 22, 4850 PlombièresHoliday cottages, homes and apartments

since 20232.338.835.690

GRINDOM

Place communale 38/20, 4850 PlombièresHoliday cottages, homes and apartments

since 20262.387.339.155

LODA

Village 42, 4841 WelkenraedtElectricity, gas, steam and air conditioning supply

since 20262.387.339.254

5 parcels

Wallonia 5 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
63053A0499/00R000	Wallonia	1,693 m²	1 · 112 m²	-
63032A0211/00E000	Wallonia	729 m²	1 · 119 m²	7.8 m · 2 fl.
63053A0300/00S005	Wallonia	556 m²	1 · 91 m²	-
63053A0631/00K000	Wallonia	550 m²	1 · 406 m²	-
63053A0144/00C000	Wallonia	268 m²	1 · 63 m²	18.4 m · 5 fl.