EAU'STUDIO
ActiveSummary
EAU'STUDIO has been active since 2016 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€808,934) and a net result of -€251,898. Equity has been shrinking by about 67% per year since 2018. Its solvency ranks better than 12% of 1,597 sector peers (NACE 55, financial year 2025). The computed 12-month bankruptcy probability is 1.3% (low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 14-10-2016 Normal situation
- Activity
- Guest rooms (bed and breakfast) NACE 55204and 7 others
- Establishment units
- 2.318.634.451 4850 Plombières, since 14-10-2016
- 2.338.835.591 4850 Plombières, since 01-10-2021and 3 others
- Financial year end
- 31 December
- Peppol
- Reachable since 06-03-2026
Board and ownership
- NYSSEN PIERRETTEDirector · since 18-06-2019
- GROUPE ALFREDDirector · since 01-04-2026 · permanent representative Frédéric Lex
Financial position
- Bankruptcy probabilitywithin 12 months
- 1.3%
- Gross margin
- -€17,527
- ▼ 582%
- Loss
- €251,898
- ▲ 39.1%
- Equity
- -€808,934
- ▼ 45.2%
- Total assets
- €1.8m
- ▼ 2.9%
- Negative equity on 31-12-2025
Score breakdownraises riskCapped at 59: negative equityNegative equity -€808,934Loss of €251,898, the second in a row (financial year 2025)5 establishment unitslowers riskSize: total assets €1.8mShow the evidence
Checked score
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
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 55, micro). It does better than 8% of them on solvency, 69% on liquidity, 11% on profitability and 13% on growth.
The bankruptcy probability was computed on 01-11-2026 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.
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).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 5 days after the deadline. In the sector (NACE 55), the median for financial year 2024 was 1 day before the deadline, and 45% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 20-07-2026 at the NBB all 9 filings
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result for 2025 is a loss of €185,960, larger than the loss of €140,315 in 2024. It is the lowest result since 2021.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Accommodation (NACE 55). 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).
Investments
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Tangible fixed assets | €798,245 | €28,894 | €323,934 | €461,636 | €143,046 |
| Intangible fixed assets | €4,934 | €2,250 | €2,700 | €10,617 | - |
| Financial fixed assets | - | - | €5,500 | - | - |
| Depreciation and write-downs of the year | €59,764 | €74,553 | €94,146 | €125,553 | €159,909 |
Source: notes to the 2021 to 2025 annual accounts (statement of fixed assets)
Comparable companies
These companies have the same main activity as EAU'STUDIO: guest rooms (bed and breakfast) (NACE 55204). They are comparable in size and age: total assets between €485,000 and €5.3m, founded between 2014 and 2021.
| Company | Founded | Total assets | Equity | Gross margin | Net result | Financial year |
|---|---|---|---|---|---|---|
| EAU'STUDIO Plombières | 2016 | €1.8m | -€0.8m | -€0.02m | -€0.3m | 2025 |
| LE PAVILLON Dalhem | 2018 | €2.5m | €0.9m | -€0.1m | -€0.3m | 2025 |
| MML-Projects Oostende | 2019 | €1.4m | -€0.05m | -€0.04m | -€0.05m | 2025 |
| Dijver 15 Schilde | 2021 | €2.5m | €0.2m | -€0.01m | -€0.2m | 2025 |
| HOF VAN LIER Geraardsbergen | 2014 | €0.6m | -€1.1m | -€0.03m | -€0.2m | 2025 |
| GODSPEED Brugge | 2019 | €5.3m | -€0.6m | -€0.4m | -€0.5m | 2025 |
| B&B ART BRUGES DELUXE Jabbeke | 2016 | €0.5m | -€0.5m | -€0.004m | -€0.07m | 2026 |
They were chosen from the 518 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 observationIn July 2024, 598 companies had the same profile as EAU'STUDIO has now. Two years later, 9.4% had gone bankrupt and 83.4% were still going.
- Small
- 10 to 20 years old
- negative equity
- a loss of 10% of the balance sheet or more
Another 1.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of EAU'STUDIO itself is lower: 1.3% within 12 months. It rests on far more data about EAU'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.
| 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 598 companies, not a prediction for EAU'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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €19,024 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,123 | €12,604 | €19,615 | €59,764 | €74,553 | €94,146 | €125,553 | €159,909 | ▲ 27.4% |
| Other operating charges640/8 | - | - | - | €247 | €1,950 | €4,253 | €12,193 | €8,524 | ▼ 30.1% |
| Non-recurring operating charges66A | - | - | - | - | €3,457 | €2,510 | - | - | - |
| Gross operating margin9900 | -€3,140 | €2,860 | -€7,274 | -€14,203 | €11,465 | €4,635 | -€2,570 | -€17,527 | ▼ 582% |
| Operating profit (loss)9901 | -€4,264 | -€9,987 | -€27,134 | -€74,214 | -€68,495 | -€96,274 | -€140,315 | -€185,960 | ▼ 32.5% |
| Financial income75/76B | - | - | - | €25 | €0 | €1 | €69 | €46 | ▼ 33.1% |
| Recurring financial income75 | - | €153 | €0 | €25 | €0 | €1 | €69 | €46 | ▼ 33.1% |
| Financial charges65/66B | - | - | - | €25,873 | €54,147 | €40,189 | €40,814 | €65,983 | ▲ 61.7% |
| Recurring financial charges65 | €80 | €1,982 | €8,931 | €25,873 | €54,147 | €40,189 | €40,814 | €65,983 | ▲ 61.7% |
| Profit (loss) for the period before taxes9903 | -€4,343 | -€11,815 | -€36,065 | -€100,062 | -€122,642 | -€136,462 | -€181,061 | -€251,898 | ▼ 39.1% |
| Profit (loss) for the period9904 | -€4,343 | -€11,815 | -€36,065 | -€100,062 | -€122,642 | -€136,462 | -€181,061 | -€251,898 | ▼ 39.1% |
| Profit (loss) for the period to be appropriated9905 | -€4,343 | -€11,815 | -€36,065 | -€100,062 | -€122,642 | -€136,462 | -€181,061 | -€251,898 | ▼ 39.1% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €0.1m | €0.2m | €0.6m | €1.3m | €1.1m | €1.4m | €1.8m | €1.8m | ▼ 2.9% |
| Fixed assets21/28 | €0.1m | €0.2m | €0.6m | €1.3m | €1.1m | €1.3m | €1.7m | €1.7m | ▼ 1.0% |
| Intangible fixed assets21 | - | - | €0.004m | €0.008m | €0.007m | €0.007m | €0.02m | €0.01m | ▼ 30.0% |
| Tangible fixed assets22/27 | €0.1m | €0.2m | €0.6m | €1.3m | €1.1m | €1.3m | €1.7m | €1.7m | ▼ 0.7% |
| Land and buildings22 | - | - | - | €1.2m | €1.0m | €1.2m | €1.3m | €1.3m | ▼ 2.1% |
| Plant, machinery and equipment23 | - | - | - | €0.07m | €0.05m | €0.1m | €0.2m | €0.2m | ▼ 1.1% |
| Furniture and vehicles24 | - | - | - | €0.04m | €0.04m | €0.03m | €0.09m | €0.1m | ▲ 2.2% |
| Other tangible fixed assets26 | - | - | - | - | - | €0.02m | €0.02m | €0.02m | ▼ 11.3% |
| Assets under construction and advance payments27 | - | - | - | - | €0.003m | €0 | €0.01m | €0.03m | ▲ 129% |
| Financial fixed assets28 | - | - | - | - | - | €0.006m | €0.001m | €0.001m | = |
| Current assets29/58 | €0.002m | €0.01m | €0.02m | €0.009m | €0.05m | €0.03m | €0.1m | €0.1m | ▼ 25.6% |
| Amounts receivable within one year40/41 | - | €0.004m | - | €0.002m | €0.03m | €0.01m | €0.03m | €0.03m | ▼ 6.6% |
| Trade receivables40 | - | - | - | €0.002m | €0.03m | €0 | €0.02m | €0.02m | ▼ 6.7% |
| Other amounts receivable41 | - | - | - | - | €0.004m | €0.01m | €0.01m | €0.01m | ▼ 6.6% |
| Cash at bank and in hand54/58 | €0.002m | €0.01m | €0.02m | €0.006m | €0.02m | €0.01m | €0.1m | €0.08m | ▼ 31.6% |
| Deferred charges and accrued income490/1 | - | - | - | €0.001m | €0.001m | €0.001m | €0.002m | €0.003m | ▲ 37.2% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €0.1m | €0.2m | €0.6m | €1.3m | €1.1m | €1.4m | €1.8m | €1.8m | ▼ 2.9% |
| Equity10/15 | €0.01m | €0.02m | -€0.02m | -€0.1m | -€0.2m | -€0.4m | -€0.6m | -€0.8m | ▼ 45.2% |
| Contributions10/11 | €0.02m | - | - | €0.04m | €0.04m | €0.04m | €0.04m | €0.04m | = |
| Profit (loss) carried forward14 | -€0.006m | -€0.02m | -€0.05m | -€0.2m | -€0.3m | -€0.4m | -€0.6m | -€0.8m | ▼ 42.4% |
| Amounts payable17/49 | €0.1m | €0.2m | €0.6m | €1.5m | €1.4m | €1.7m | €2.4m | €2.6m | ▲ 8.3% |
| Amounts payable after more than one year17 | - | €0.1m | €0.6m | €1.4m | €1.3m | €1.6m | €2.1m | €2.3m | ▲ 6.6% |
| Financial debts170/4 | - | - | - | €1.4m | €1.3m | €1.6m | €2.1m | €2.3m | ▲ 6.6% |
| Other amounts payable178/9 | - | - | - | €0.02m | - | - | - | - | - |
| Amounts payable within one year42/48 | €0.1m | €0.03m | €0.03m | €0.04m | €0.03m | €0.1m | €0.09m | €0.09m | ▼ 6.8% |
| Trade debts44 | €0.003m | €0.03m | €0.03m | €0.03m | €0.009m | €0.1m | €0.08m | €0.07m | ▼ 7.4% |
| Suppliers440/4 | - | - | - | €0.03m | €0.009m | €0.1m | €0.08m | €0.07m | ▼ 7.4% |
| Advances received on contracts in progress46 | - | - | - | - | €0.01m | €0 | - | - | - |
| Taxes, remuneration and social security45 | - | - | - | €414 | €490 | €0.002m | €0.004m | €0.007m | ▲ 58.0% |
| Taxes450/3 | - | - | - | €414 | €490 | €0.002m | €0.004m | €0.007m | ▲ 58.0% |
| Other amounts payable47/48 | - | - | - | €0.005m | €0.008m | €0.01m | €0.01m | €0.009m | ▼ 25.8% |
| Accrued charges and deferred income492/3 | - | - | - | €0.03m | €0.05m | €0.04m | €0.2m | €0.2m | ▲ 37.6% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€4,343 | -€11,815 | -€36,065 | -€100,062 | -€122,642 | -€136,462 | -€181,061 | -€251,898 | ▼ 39.1% |
| + Depreciation and write-downs630 | €1,123 | €12,604 | €19,615 | €59,764 | €74,553 | €94,146 | €125,553 | €159,909 | ▲ 27.4% |
| Operating cash flow (approximation) | -€3,220 | €789 | -€16,450 | -€40,298 | -€48,089 | -€42,317 | -€55,508 | -€91,989 | ▼ 65.7% |
| Investment in fixed assets (approximation) | - | -€53,707 | -€446,080 | -€803,178 | €174,877 | -€348,721 | -€465,120 | -€143,046 | ▲ 69.2% |
| Change in cash | - | €8,199 | €7,788 | -€11,409 | €12,931 | -€5,115 | €98,185 | -€35,431 | - |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Filings with the National Bank (9)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 20-07-2026 | 2026-00311667 | NBB |
| 31-12-2024 | micro format | 15-07-2025 | 2025-00276012 | |
| 31-12-2023 | micro format | 25-08-2024 | 2024-00367028 | |
| 31-12-2022 | micro format | 02-11-2023 | 2023-00503529 | |
| 31-12-2021 | micro format | 13-07-2022 | 2022-20179741 | |
| 31-12-2020 | micro format | 22-07-2021 | 2021-38300024 | |
| 31-12-2019 | micro format | 29-06-2020 | 2020-22200305 | |
| 31-12-2018 | micro format | 08-08-2019 | 2019-44700208 | |
| 31-12-2017 | micro format | 29-08-2018 | 2018-58000279 |
Board & ownership
Directors
Board 2
Permanent representatives 1
Owners and capital
Owners
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| NYSSEN PIERRETTE |
|
| GROUPE ALFRED |
|
| Aléna Deckers |
|
| Frédéric Lex |
|
Network & group
Connections & network
2 current directorsThe board mandates are listed under Board mandates elsewhere. The network lets you explore the same ties.
Timeline
Acts, filings and financial milestones
11-09
Gazette deed
Resignations: Frédéric Lex (director) and Aléna Deckers (director)Appointment: GROUPE ALFRED (director) · Permanent representative: Frédéric Lex · Director discharge9 points ▸
- General meeting, 17-04-2026
- Director resignation, Frédéric Lex (director)
- Director resignation, Aléna Deckers (director)
- Director discharge, Frédéric Lex (director)
- Director discharge, Aléna Deckers (director)
- Director appointment, GROUPE ALFRED (director)
- Permanent representative, Frédéric Lex
- Board composition, Pierrette Nyssen (director)
- Board composition, GROUPE ALFRED (director)
17-06
Gazette deed
Power of attorney: Géraldine FRANCK3 points ▸
- General meeting, “assembléegénéraleextraordinaire” (deed in French)
- Other provision, “prised-connaissancedurapportdel'organed'administration, justifiantedétaillamodificationproposéeàl'objet” (deed in French)
- Power of attorney, Géraldine FRANCK
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Invoicing and payment
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0664.672.011
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the addresses
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 63053A0499/00R000 | Wallonia | 1,693 m² | 1 · 112 m² | - |
| 63032A0211/00E000 | Wallonia | 729 m² | 1 · 119 m² | 7.8 m · 2 |
| 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 |