Debts
€34,177 77% of the balance sheet
Suppliers 13%Taxes and wages 23%Other 64%
ELMO STUDIOS
Lifetime
8 annual accounts with figures on one time axispeak €80,870 (2021)
€47,908▼ 14.6%
lowest -€27,648 (2018)
€2,272▲ €8,494
peak €13,876 (2023)
€9,927▲ 29.7%
€34,177▼ 41.8%
Board3 names since 2021
-
Owners
80%VL RETAIL
Documentsfilings and deeds
01-07-202630 days before the deadline
2025abbreviated format
Gross margin from €56,128 to €47,908Back to profit: €2,272Equity from €7,654 to €9,927Debts from €58,734 to €34,177Cash from €10,761 to €35,947
Key points
from the 2025 annual accountsPayment terms
62 days to suppliers
ELMO STUDIOS pays its suppliers 69 days earlier than in 2024. Customers pay 253 days earlier.
Board
1 joined · 1 left
Board changed. Latest change 31-07-2026 · 1 in office.
Checked score
85
Excellent
Financially stronger than 44% of micro companies in office administrative support (NACE 82)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.3% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 12,672 companies (NACE 82, micro).
About 3 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.4%
01-2025: 0.4%● unchanged vs 12-2024
02-2025: 0.4%● unchanged vs 01-2025
03-2025: 0.4%● unchanged vs 02-2025
04-2025: 0.4%● unchanged vs 03-2025highest value
05-2025: 0.4%● unchanged vs 04-2025
06-2025: 0.4%● unchanged vs 05-2025
07-2025: 0.4%● unchanged vs 06-2025
08-2025: 0.4%● unchanged vs 07-2025
09-2025: 0.4%● unchanged vs 08-2025
10-2025: 0.4%● unchanged vs 09-2025
11-2025: 0.4%● unchanged vs 10-2025
12-2025: 0.4%● unchanged vs 11-2025
01-2026: 0.4%● unchanged vs 12-2025
02-2026: 0.4%● unchanged vs 01-2026
03-2026: 0.4%● unchanged vs 02-2026
04-2026: 0.4%● unchanged vs 03-2026
05-2026: 0.4%● unchanged vs 04-2026
06-2026: 0.4%● unchanged vs 05-2026
07-2026: 0.4%● unchanged vs 06-2026
08-2026: 0.3%▼ -0.1 percentage points vs 07-2026lowest value
09-2026: 0.3%● unchanged vs 08-2026
10-2026: 0.3%● unchanged vs 09-2026
11-2026: 0.3%● unchanged vs 10-2026
Financial strengthAverage
Score breakdown
raises risk
1 change of registered office in 24 months
Size: turnover €73,500, total assets €44,103
lowers risk
Liquidity: current ratio 1.27, cash €35,947
Sector: Office administrative, office support and other business support activities (NACE 82)
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 82, micro). It does better than 30% of them on solvency, 52% on liquidity, 26% on profitability and 67% on growth.
The bankruptcy probability was computed on 09-11-2026 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 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% 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).
Comparable companies, two years later
In July 2024, 6,713 companies had the same profile as ELMO STUDIOS has now. Each dot stands for 17 companies, two years later.
95.8%
were still trading
2.2%
stopped another way
1.8%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of ELMO STUDIOS itself is lower: 0.3% within 12 months. It rests on far more data about ELMO STUDIOS than the profile alone.
Test of the method
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 6,713 companies, not a prediction for ELMO STUDIOS. 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.
Credit verdict
Credit of up to €500 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.27 (1.34 in 2024), below the usual 1.5. Short-term debt is 77.5% and cash 81.5% of total assets. 77.5% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Five signals.
lowers riskraises riskneutral
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 01-07-2026, 30 days ahead of the deadline.
NBB · 8 filingsDeviation from the deadline
2025
30 days early
2024
23 days early
2023
13 days early
2022
20 days early
2021
20 days early
2020
25 days early
2019
56 days late
← before the deadline
after the deadline →
tick = median of all Belgian filings
The company filed its last 7 accounts on average 11 days before the deadline. The Belgian median for financial year 2024 was 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 11 July (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Company renamed from FM RETAIL to ELMO STUDIOS
Registered office moved from Nazareth-De Pinte to Sint-Niklaas · New registered office: Lindenstraat 90B, 9100 Sint-Niklaas · Previous registered office: Deinzestraat 14, 9810 Nazareth-De Pinte · General meeting of 13-07-2026 · Gazette deed
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0673571760
Resignation: Melissa Vervaet (director)
Permanent representative: Fr. Van Landeghem · General meeting of 30-12-2020 · Gazette deed
First establishment
Deinzestraat 14, Nazareth-De Pinte
Official details
Source: KBO- Status
- Active since 28-03-2017Normal situation
- Activity
- HoldingsNACE 64200and 6 others
- Establishment unit
- 2.263.275.3639810 Nazareth-De Pinte, since 01-04-2017
- Financial year end
- 31 December
- Peppol
- Reachable since 12-07-2025
Annual accounts 2025
- €44,103▼ 33.6%
- ≈ 1 FTEestimated
- Filing
- Filed on 01-07-2026, 30 days before the end of the filing period
Insights on ELMO STUDIOS
ELMO STUDIOS files the abbreviated format. That format states no turnover. The gross margin rose from -€22,318 in 2018 to €47,908 in 2025.
VL RETAIL holds 80% of the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about ELMO STUDIOS
- What is the company number of ELMO STUDIOS?
- The company number of ELMO STUDIOS is 0673.571.760. The VAT number is the same number with BE in front: BE 0673.571.760.
- Where is ELMO STUDIOS based?
- The registered office is at Lindenstraat 90B, 9100 Sint-Niklaas.Company details
- What is the legal form of ELMO STUDIOS?
- ELMO STUDIOS is a private limited company (BV).
- When was ELMO STUDIOS founded?
- ELMO STUDIOS was founded on 28-03-2017.
- Is ELMO STUDIOS still active?
- Yes, ELMO STUDIOS is an active enterprise in the KBO register.
- How many employees does ELMO STUDIOS have?
- ELMO STUDIOS had an average of 2.5 full-time equivalents in financial year 2022, according to the filed annual accounts.Financials
- What is the turnover of ELMO STUDIOS?
- The turnover of ELMO STUDIOS was €73,500 in financial year 2025, according to the filed annual accounts.
- Is ELMO STUDIOS profitable?
- In financial year 2025, ELMO STUDIOS made a profit of €2,272.
- Where can I find the annual accounts of ELMO STUDIOS?
- ELMO STUDIOS filed 8 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of ELMO STUDIOS due?
- ELMO STUDIOS must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check See the other companies in the same group.VL RETAIL · 15 companies Compare this company with its sector.Sector benchmark
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