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FDESIGN STUDIO

Active
Private limited company·Activiteiten van bouwarchitecten· 17 yrs active
Louis Lepoutrelaan 109 ·1050 Elsene, Belgium
BE 0809.454.409
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Age17 yrs

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of FDESIGN STUDIO is 0.9% (low). The 2024 annual accounts show negative equity (€-32k) and a net result of €-7k. Equity is shrinking by ~41.2% per year across the filed fiscal years. Its solvency ranks better than 5% of 3371 sector peers (fiscal year 2024). The company has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 7 annual accounts.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone
0.9% Low
0%0,5%1,5%4%10%≥25%
Lower-failure-rate sector Annual accounts: weaker financial profile +Higher-failure-rate region +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Trust signals

3 signals
Established
Founded in 2009, 17 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad.
Administratively compliant
No FOD Economie strikeouts (UBO, accounts, address, activity).

Administrative Flags

0 events
No administrative flags

Financials

TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€-7k+22.2%
Working capital€-37k+34.3%

Annual accounts & ratios

Source: NBB · 2024
Annual accounts filed on 25-07-2025 with the NBB · fiscal year 2024 · micro
€-60k€-40k€-20k€0€20kOperating result 2020: €26k€26kNet result 2020: €2k€2kOperating result 2021: €-40k€-40kNet result 2021: €-40k€-40kOperating result 2022: €3k€3kNet result 2022: €2k€2kOperating result 2023: €-9k€-9kNet result 2023: €-9k€-9kOperating result 2024: €-7k€-7kNet result 2024: €-7k€-7k20202021202220232024
Operating resultNet result
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
declining Equity: declining trend of ~41.2%/year over 7 fiscal years, indicative, assuming unchanged policy.
€-75k€-50k€-25k€0€25k2025: €-40k (€-42k - €-37k)2026: €-47k (€-50k - €-44k)2027: €-55k (€-59k - €-51k)2018: €14k2019: €-4k2020: €22k2021: €-18k2022: €-16k2023: €-25k2024: €-32k2018201920202021202220232024202520262027
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison
Fiscal year 2024 · NACE 71, Architecture & engineering · compared within the same schema type (micro schema)
Metric This company Sector median Position in the sector
Solvency -204.1% 55.1%
better than 5% of 3371 sector peers
Net result €-7k €19k
better than 9% of 3371 sector peers
Equity €-32k €45k
better than 5% of 3373 sector peers
Gross operating margin €1k €38k
better than 10% of 3368 sector peers
Total assets €16k €95k
better than 6% of 3372 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
EBITDA
€-2k
- far below sector median
Net profit
€-7k
+22.2% far below sector median
Cash flow
€-2k
- far below sector median
Total assets
€16k
-67.0% -94% vs sector
Equity
€-32k
-28.0% far below sector median
Working capital
€-37k
+34.3% far below sector median
Income taxes
€62
- -98% vs sector
Debt
€48k
-34.3% -70% vs sector
Debt ≤ 1y
€48k
-34.3% -63% vs sector
Current ratio
0.22
+0.2% -84% vs sector
Quick ratio
0.22
+0.2% -84% vs sector
Solvency
-204.1%
-288.0% far below sector median
Debt / equity
-1.49
+48.6% far below sector median
ROE
21.9%
-39.2% far above sector median
ROA
-44.7%
-135.7% far below sector median
Interest coverage
-10.18
- +50% vs sector
Figures by fiscal year
Fiscal year2024
Revenue-
EBITDA€-2k
Net profit€-7k
Cash flow€-2k
Staff costs-
Income taxes-
Dividends-
Total assets€16k
Equity€-32k
Debt€48k
of which ≤ 1y€48k
of which > 1y-
Working capital€-37k
Employees (FTE)-
Ratios (computed)
2024
Current ratio0.22
Quick ratio0.22
Working capital ratio-236.8%
Solvency-204.1%
Debt / equity-1.49
Long-term debt ratio-
Interest coverage-10.18
Gross margin-
Net margin-
ROA-44.7%
ROE21.9%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2024
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2024
Balance sheet, Assets
TOTAL ASSETS 20/58€16k
Fixed assets 21/28€5k
Tangible fixed assets 22/27€5k
Financial fixed assets 28€250
Current assets 29/58€11k
Amounts receivable within one year 40/41€10k
Cash & bank 54/58€1k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€16k
Equity 10/15€-32k
Contributions / capital 10/11€19k
Reserves 13€2k
Accumulated profits (losses) 14€-53k
Amounts payable 17/49€48k
Amounts payable within one year 42/48€48k
Trade debts payable within one year 44€3k
Income statement
Gross operating margin 9900€1k
Operating result 9901€-7k
Financial income 75€5
Financial charges 65€203
Result before taxes 9903€-7k
Net result for the period 9904€-7k
Result to be appropriated 9905€-7k
You're seeing the latest fiscal year only. Unlock 4 prior years (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.

Health barometer

FY 2024 · computed
15 / 100 Critical
050100

Unlock the full score breakdown, per-year score history and the indicative credit limit with Plus.

See plans →
Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.

Structure & network

Locations & real estate

Establishment units

1 location
STREAM ARCHI STUDIO
Timmermansstraat 69, 1190 VorstActiviteiten van bouwarchitecten
since 20092.299.545.544
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels2
Ground area680 m²
Buildings2
Building footprint502 m²
Volume (LiDAR)11,478 m³
Tallest building28.6 m · ±9 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Brussels 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21447B0313/00E023 Brussels 506 m² 1 · 424 m² 28.6 m · 9 fl.
21383B0043/00W010 Brussels 174 m² 1 · 78 m² 14.8 m · 4 fl.
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Analysis

Snowflake analysis

financial profile on 5 axes
Health15Profitability100Solvency33Growth32Stability100
56 / 100

Mixed profile: strong on profitability, weaker on health.

Health 15
Profitability 100
Solvency 33
Growth 32
Stability 100

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Credit advice

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Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.

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Company registry

Company registry (CBE)

Crossroads Bank
Activities
Bouwarchitecten71111Activiteiten van bouwarchitecten71111
Primary activity highlighted.
Names & trade names
Legal nameFR FDESIGN STUDIO
Registered office
Louis Lepoutrelaan 109
1050 Elsene, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.