FRA Studio
ActiveFRA Studio has been active since 2024 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €18k and a net result of €12k. Its solvency ranks better than 51% of 9389 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
81
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+6
Solvency80▲+33
Growth78
Track record82
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity ample (current ratio 1.79 against 0.69 in 2024; short-term debt: 40.5% and cash: 40.5% of total assets), and 44.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Young company
A young company has little track record yet and statistically fails more often than an established one.
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 71
Relative position
BE, all sectors
reference
Sector 71
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
55.5%
Return on assets
36.8%
Age of the figures
9 mo
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 08-07-2026, 23 days ahead of the deadline.
NBB · 2 filingsDeviation from the deadline
2025
23 d early
2024
8 d early
← before the deadline
after the deadline →
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
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€18k▲ 161%
2024 · €7k
2024: €7k
2024 → 2025
Total assets
€32k▲ 1.2%
2024 · €31k
2024: €31k
2024 → 2025
Net result
€12k▲ 83.9%
2024 · €6k
2024: €6k
2024 → 2025
Working capital
€10k
2024 · €-8k
2024: €-8k
2024 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20242025Trend
Equity€7k-€18k▲ 161%
Operating result€9k-€16k▲ 78.5%
Net result€6k-€12k▲ 83.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result rises in 2025; 2025 is 78% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €32k
Fixed assets
€9k▼ 39.5%
Current assets
€23k▲ 35.9%
Equity and liabilities €32k
Equity
€18k▲ 161%
Debt
€14k▼ 42.5%
The debt ratio falls from 78.4% to 44.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€22k▲
2024 · €12k
Cash flow
€17k▲
2024 · €9k
Solvency
55.5%▲
2024 · 21.6%
Current ratio
1.79▲
2024 · 0.69
Quick ratio
1.79▲
2024 · 0.69
Debt / equity
0.80▼
2024 · 3.64
ROE
66.4%▼
2024 · 94.1%
ROA
36.8%▲
2024 · 20.3%
Interest coverage
37.27▼
2024 · 131.77
Debt
€14k▼
2024 · €24k
Debt ≤ 1 year
€13k▼
2024 · €24k
Income taxes
€4k▲
2024 · €3k
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€31k€32k▲
Fixed assets21/28€14k€9k▼
Tangible fixed assets22/27€14k€9k▼
Furniture and vehicles24€14k€9k▼
Current assets29/58€17k€23k▲
Amounts receivable within one year40/41€9k€9k▲
Trade receivables40€9k€9k▲
Cash at bank and in hand54/58€7k€13k▲
Deferred charges and accrued income490/1€576€704▲
Equity and liabilities
Total equity and liabilities10/49€31k€32k▲
Equity10/15€7k€18k▲
Contributions10/11€400€400=
Profit (loss) carried forward14€6k€17k▲
Amounts payable17/49€24k€14k▼
Amounts payable within one year42/48€24k€13k▼
Trade debts44€3k€864▼
Suppliers440/4€3k€864▼
Taxes, remuneration and social security45€11k€6k▼
Taxes450/3€9k€6k▼
Remuneration and social security454/9€2k-
Other amounts payable47/48€11k€6k▼
Accrued charges and deferred income492/3-€1k
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€6k▲
Gross operating margin9900€12k€22k▲
Operating profit (loss)9901€9k€16k▲
Financial income75/76B€23€0▼
Recurring financial income75€23€0▼
Financial charges65/66B€88€582▲
Recurring financial charges65€88€582▲
Profit (loss) for the period before taxes9903€9k€15k▲
Income taxes67/77€3k€4k▲
Profit (loss) for the period9904€6k€12k▲
Profit (loss) for the period to be appropriated9905€6k€12k▲
Appropriation of the result
Profit (loss) to be appropriated9906€6k€18k▲
Profit (loss) brought forward from the previous period14P-€6k
Profit to be distributed694/7-€833
Return on contributions (dividend)694-€833
The notes to these accounts (4 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
08-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Liquidity triplescurrent ratio 1.79
Current ratio from 0.69 to 1.79; short-term debt falls from €24k to €13k.
23-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Brussel · 1 establishment unit since 2024
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.
Notelaarsstraat 1711000 BrusselGround area
133 m²
Building footprint
95 m²
Volume, LiDAR
1,187 m³
Parcel 21806F0313/00W002, Brussels · tallest building 19.0 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
FRA Studio
since 20242.360.348.807
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21806F0313/00W002 | Brussels | 132 m² | 1 · 95 m² | 19.0 m · 5 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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STUDIO BAC
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INGENIEURSBUREAU GLASSEE
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BENAUX
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Of 18,256 companies in sector 71111 we hold annual accounts for 6,321. 4,291 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded30-05-2024
Fiscal year end31-12
Activities, NACEBEL
71111Activities of building architects
31004Manufacture of dining room, living room, bedroom and bathroom furniture
71112Activities of interior architects
71113Urban planning and landscape architecture
74104Other professional, scientific and technical activities
74130Interior design
Sources
Crossroads Bank for EnterprisesNational Bank · 2 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.