EXPAND YOUR STUDIO
ActiveSummary
EXPAND YOUR STUDIO has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €36k and a net result of €23k. Equity is growing by ~70.6% per year across the filed fiscal years. Its solvency ranks better than 16% of 1902 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
61
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability75▲+32
Solvency33▲+5
Growth78▲+46
Track record94
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity short (current ratio 0.3 against 0.18 in 2024; short-term debt: 22.4% and cash: 3.2% of total assets), and 92% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 63
Relative position
BE, all sectors
reference
Sector 63
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
8%
Return on assets
5.2%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 1902 sector peers (2025).
NBB · sector comparisonPosition among 1902 sector peers
Solvency
better than 16%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 03-09-2026, 34 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 3 filingsDeviation from the deadline
2025
34 d late
2024
25 d early
2023
1 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 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€36k▲ 184%
2024 · €13k
2023: €15k
2024: €13k
2023 → 2025
Total assets
€449k▲ 4.7%
2024 · €429k
2023: €450k
2024: €429k
2023 → 2025
Net result
€23k
2024 · €-2k
2023: €12k
2024: €-2k
2023 → 2025
Working capital
€-71k▲ 1.5%
2024 · €-72k
2023: €-36k
2024: €-72k
2023 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€15k-€13k▼ 14.9%€36k▲ 184%
Operating result€17k-€758▼ 95.4%€33k▲ 4,242%
Net result€12k-€-2k€23k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 4,242% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €449k
Fixed assets
€419k ▲ 1.3%
Current assets
€30k ▲ 96.1%
Equity and liabilities €449k
Equity
€36k ▲ 184%
Debt
€413k ▼ 0.7%
The debt ratio falls from 97.0% to 92.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€39k▲
2024 · €6k
Cash flow
€29k▲
2024 · €3k
Current ratio
0.30▲
2024 · 0.18
Debt / equity
11.48▼
2024 · 32.78
ROE
64.7%▲
2024 · -17.6%
ROA
5.2%▲
2024 · -0.5%
Interest coverage
23.46▲
2024 · 2.95
Debt ≤ 1 year
€101k▲
2024 · €87k
Debt > 1 year
€312k▼
2024 · €327k
Income taxes
€8k▲
2024 · €865
Staff costs
€41k▲
2024 · €29k
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 · 41 lines
Balance sheet
Code20242025
Assets
Total assets20/58€429k€449k▲
Fixed assets21/28€413k€419k▲
Tangible fixed assets22/27€21k€27k▲
Plant, machinery and equipment23€1k€12k▲
Furniture and vehicles24€7k€5k▼
Other tangible fixed assets26€14k€10k▼
Financial fixed assets28€392k€392k=
Current assets29/58€15k€30k▲
Amounts receivable after more than one year29-€16k
Trade receivables290-€16k
Cash at bank and in hand54/58€15k€14k▼
Equity and liabilities
Total equity and liabilities10/49€429k€449k▲
Equity10/15€13k€36k▲
Contributions10/11€3k€3k=
Profit (loss) carried forward14€10k€33k▲
Amounts payable17/49€416k€413k▼
Amounts payable after more than one year17€327k€312k▼
Financial debts170/4€327k€312k▼
Amounts payable within one year42/48€87k€101k▲
Current portion of amounts payable after more than one year42€15k€15k▲
Trade debts44€4k€16k▲
Suppliers440/4€4k€16k▲
Taxes, remuneration and social security45€11k€23k▲
Taxes450/3€4k€8k▲
Remuneration and social security454/9€7k€15k▲
Other amounts payable47/48€56k€46k▼
Accrued charges and deferred income492/3€1k-
Income statement
Code20242025
Remuneration, social security and pensions62€29k€41k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€6k▲
Other operating charges640/8€390€400▲
Gross operating margin9900€35k€80k▲
Operating profit (loss)9901€758€33k▲
Financial charges65/66B€2k€2k▼
Recurring financial charges65€2k€2k▼
Non-recurring financial charges66B-€2k
Profit (loss) for the period before taxes9903€-1k€31k▲
Income taxes67/77€865€8k▲
Profit (loss) for the period9904€-2k€23k▲
Profit (loss) for the period to be appropriated9905€-2k€23k▲
Appropriation of the result
Profit (loss) to be appropriated9906€10k€33k▲
Profit (loss) brought forward from the previous period14P€12k€10k▼
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
03-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 34 days late
2025
31-12
Financial
Back to profitnet €23k
Net result €23k after one loss-making year.
06-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-2k ▼119%
Net result drops to €-2k, the lowest in the series; recovery starts the following year.
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Sint-Genesius-Rode · 1 establishment unit since 2022
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.
Waterloose Steenweg 1961640 Sint-Genesius-RodeGround area
894 m²
Building footprint
154 m²
Volume, LiDAR
1,141 m³
Parcel 22552E0048/00D023, Flanders · tallest building 11.7 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
EXPAND YOUR STUDIO
since 20222.334.204.337
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 22552E0048/00D023 | Flanders | 894 m² | 1 · 154 m² | 11.7 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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NEELZZ
BE 0770.574.730
Nieuwerkerken (Limb.) · Eq €36k
Of 3,152 companies in sector 63920 we hold annual accounts for 1,523. 1,192 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded11-08-2022
Fiscal year end31-12
Activities, NACEBEL
63920Other information service activities
63990Computing infrastructure, data processing, hosting and other information service activities
74901Other professional, scientific and technical activities
74991Agents and managers of artists, athletes and other public figures
82300Organisation of conventions and trade shows
82990Other business support services
85599Other education
90201Performing arts by independent artists
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.