FULL MOON STUDIO
ActiveSummary
The computed 12-month bankruptcy probability of FULL MOON STUDIO is 2.0% (moderate). The 2025 annual accounts show equity of €15,510 and a net result of €69,367. Equity is growing by ~16% per year across the filed fiscal years. Its solvency ranks better than 35% of 2361 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency35▼-13
Growth78=
Track record100
Bankruptcy probability, 12 months
2.0%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity short (current ratio 0.69 against 0.7 in 2024; short-term debt: 89.9% and cash: 58.5% of total assets), and 89.9% of the assets are financed with debt.
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Signals
Six 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 93
Relative position
BE, all sectors
reference
Sports, amusement and recreation activities (NACE 93)
about 50% fewer bankruptcies
← 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
10.1%
Return on assets
45.3%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 6 filingsDeviation from the deadline
2025
31 d late
2024
60 d late
2023
30 d late
2022
63 d late
2021
25 d late
2020
54 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 44 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
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. Usually files around 31 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
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Financials · fiscal year 2025, micro schema
Equity
€15,510▼ 51.7%
2024 · €32,143
Total assets
€153,074▲ 11.4%
2024 · €137,364
Net result
€69,367▲ 30.9%
2024 · €52,997
Working capital
-€42,228▼ 34.1%
2024 · -€31,488
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 93, Sports, amusement and recreation activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€19,809€73,854▲ 273%€103,707▲ 40.4%€87,162▼ 16.0%€112,810▲ 29.4%
Net result€17,674within the sector's middle half€53,923above the sector's middle half▲ 205%€70,125above the sector's middle half▲ 30.0%€52,997above the sector's middle half▼ 24.4%€69,367above the sector's middle half▲ 30.9%
Equity€21,098within the sector's middle half▲ 516%€25,021within the sector's middle half▲ 18.6%€50,146within the sector's middle half▲ 100%€32,143within the sector's middle half▼ 35.9%€15,510within the sector's middle half▼ 51.7%
Total assets€37,971below the sector's middle half▲ 158%€101,028within the sector's middle half▲ 166%€135,602within the sector's middle half▲ 34.2%€137,364within the sector's middle half▲ 1.3%€153,074within the sector's middle half▲ 11.4%
Debt€16,873▲ 49.5%€76,007▲ 350%€85,456▲ 12.4%€105,221▲ 23.1%€137,564▲ 30.7%
Working capital€6,415within the sector's middle half-€216within the sector's middle half-€21,504within the sector's middle half▼ 9,856%-€31,488within the sector's middle half▼ 46.4%-€42,228within the sector's middle half▼ 34.1%
Solvency55.6%within the sector's middle half▲ 32.3pp24.8%within the sector's middle half▼ 30.8pp37.0%within the sector's middle half▲ 12.2pp23.4%within the sector's middle half▼ 13.6pp10.1%within the sector's middle half▼ 13.3pp
Current ratio1.72within the sector's middle half▲ 1.161.00within the sector's middle half▼ 0.730.73within the sector's middle half▼ 0.270.70within the sector's middle half▼ 0.030.69within the sector's middle half=
Return on assets (ROA)46.5%above the sector's middle half▲ 57.3pp53.4%above the sector's middle half▲ 6.8pp51.7%above the sector's middle half▼ 1.7pp38.6%above the sector's middle half▼ 13.1pp45.3%above the sector's middle half▲ 6.7pp
above
within
below
the middle half (P25 to P75) of NACE 93, Sports, amusement and recreation activities, each year against the same schema; no band under 30 filings.
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 29% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €153,074
Fixed assets
€57,738 ▼ 11.6%
Current assets
€95,336 ▲ 32.5%
Equity and liabilities €153,074
Equity
€15,510 ▼ 51.7%
Debt
€137,564 ▲ 30.7%
Debt's share of the balance-sheet total rises from 76.6% to 89.9%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€131,295▲
2024 · €104,895
Cash flow
€87,852▲
2024 · €70,730
Debt to equity
8.87▲
2024 · 3.27
ROE
447.2%▲
2024 · 164.9%
Interest coverage
6.76▼
2024 · 7.83
Debt ≤ 1 year
€137,564▲
2024 · €103,451
Income taxes
€24,082▲
2024 · €20,772
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,713 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 96% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.8%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.0% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 6,713 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,719 | €4,057 | €11,425 | €17,733 | €18,485 | ▲ 4.2% |
| Other operating charges640/8 | €864 | €1,102 | €1,979 | €4,247 | €4,884 | ▲ 15.0% |
| Gross operating margin9900 | €22,392 | €79,013 | €117,111 | €109,142 | €136,179 | ▲ 24.8% |
| Operating profit (loss)9901 | €19,809 | €73,854 | €103,707 | €87,162 | €112,810 | ▲ 29.4% |
| Financial income75/76B | €1 | - | €88 | €5 | €70 | ▲ 1,300% |
| Recurring financial income75 | €1 | - | €88 | €5 | €70 | ▲ 1,300% |
| Financial charges65/66B | €1,313 | €3,713 | €9,650 | €13,398 | €19,431 | ▲ 45.0% |
| Recurring financial charges65 | €1,313 | €3,713 | €9,650 | €13,398 | €19,431 | ▲ 45.0% |
| Profit (loss) for the period before taxes9903 | €18,497 | €70,141 | €94,145 | €73,769 | €93,449 | ▲ 26.7% |
| Income taxes67/77 | €823 | €16,218 | €24,020 | €20,772 | €24,082 | ▲ 15.9% |
| Profit (loss) for the period9904 | €17,674 | €53,923 | €70,125 | €52,997 | €69,367 | ▲ 30.9% |
| Profit (loss) for the period to be appropriated9905 | €17,674 | €53,923 | €70,125 | €52,997 | €69,367 | ▲ 30.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €37,971 | €101,028 | €135,602 | €137,364 | €153,074 | ▲ 11.4% |
| Formation expenses20 | €765 | €539 | €313 | €87 | - | - |
| Fixed assets21/28 | €21,918 | €24,698 | €77,216 | €65,314 | €57,738 | ▼ 11.6% |
| Tangible fixed assets22/27 | €11,808 | €14,588 | €67,106 | €55,204 | €47,367 | ▼ 14.2% |
| Furniture and vehicles24 | €738 | €1,585 | €2,221 | €1,215 | €4,150 | ▲ 242% |
| Other tangible fixed assets26 | €11,070 | €13,003 | €64,885 | €53,989 | €43,217 | ▼ 20.0% |
| Financial fixed assets28 | €10,110 | €10,110 | €10,110 | €10,110 | €10,371 | ▲ 2.6% |
| Current assets29/58 | €15,288 | €75,791 | €58,073 | €71,963 | €95,336 | ▲ 32.5% |
| Stocks and contracts in progress3 | €1,868 | - | - | - | - | - |
| Stocks30/36 | €1,868 | - | - | - | - | - |
| Amounts receivable within one year40/41 | €130 | €11,051 | €15,037 | €17,461 | €5,446 | ▼ 68.8% |
| Trade receivables40 | - | €400 | €11,856 | €14,835 | €4,821 | ▼ 67.5% |
| Other amounts receivable41 | €130 | €10,651 | €3,181 | €2,626 | €625 | ▼ 76.2% |
| Cash at bank and in hand54/58 | €9,380 | €63,580 | €36,631 | €54,125 | €89,565 | ▲ 65.5% |
| Deferred charges and accrued income490/1 | €3,910 | €1,160 | €6,405 | €377 | €325 | ▼ 13.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €37,971 | €101,028 | €135,602 | €137,364 | €153,074 | ▲ 11.4% |
| Equity10/15 | €21,098 | €25,021 | €50,146 | €32,143 | €15,510 | ▼ 51.7% |
| Contributions10/11 | €5,000 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Profit (loss) carried forward14 | €16,098 | €20,021 | €45,146 | €27,143 | €10,510 | ▼ 61.3% |
| Amounts payable17/49 | €16,873 | €76,007 | €85,456 | €105,221 | €137,564 | ▲ 30.7% |
| Amounts payable after more than one year17 | €8,000 | - | €5,879 | €1,770 | - | - |
| Financial debts170/4 | €8,000 | - | €5,879 | €1,770 | - | - |
| Amounts payable within one year42/48 | €8,873 | €76,007 | €79,577 | €103,451 | €137,564 | ▲ 33.0% |
| Current portion of amounts payable after more than one year42 | - | €4,044 | €3,919 | €4,109 | €1,770 | ▼ 56.9% |
| Trade debts44 | €548 | €231 | €541 | €342 | €23,526 | ▲ 6,779% |
| Suppliers440/4 | €548 | €231 | €541 | €342 | €23,526 | ▲ 6,779% |
| Taxes, remuneration and social security45 | €3,079 | €21,732 | €25,515 | €25,443 | €15,264 | ▼ 40.0% |
| Taxes450/3 | €3,079 | €21,232 | €25,515 | €25,443 | €15,264 | ▼ 40.0% |
| Remuneration and social security454/9 | - | €500 | - | - | - | - |
| Other amounts payable47/48 | €5,246 | €50,000 | €49,602 | €73,557 | €97,004 | ▲ 31.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €17,674 | €53,923 | €70,125 | €52,997 | €69,367 | ▲ 30.9% |
| + Depreciation and write-downs630 | €1,719 | €4,057 | €11,425 | €17,733 | €18,485 | ▲ 4.2% |
| Operating cash flow (approximation) | €19,393 | €57,980 | €81,550 | €70,730 | €87,852 | ▲ 24.2% |
| Investment in fixed assets (approximation) | - | -€6,837 | -€63,943 | -€5,831 | -€10,909 | ▼ 87.1% |
| Change in cash | - | €54,200 | -€26,949 | €17,494 | €35,440 | ▲ 103% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
29-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 60 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
31-12
Financial
Highest result since 2020net €70,125 ▲30%
Net result €70,125, the highest in the series.
02-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 63 days late
2022
25-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 25 days late
2021
31-12
Financial
Back to profitnet €17,674
Net result €17,674 after one loss-making year.
31-12
Financial
Liquidity triplescurrent ratio 1.72
Current ratio from 0.56 to 1.72; short-term debt falls from €11,286 to €8,873.
23-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 54 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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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, Etterbeek · 4 establishment units since 2020
Ground area
1.5 ha
Building footprint
1.3 ha
Volume, LiDAR
137,595 m³
4 parcels, Brussels · tallest building 34.4 m, ±6 floors. Linked by address, not a title deed.
4 establishment units
Full Moon Studio
since 20202.302.872.050
FULL MOON STUDIO
since 20212.325.747.719
FULL MOON STUDIO
since 20232.348.901.817
FULL MOON STUDIO
since 20242.355.786.441
4 parcels
Brussels
4
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21362B0253/02F000 | Brussels | 1.3 ha | 1 · 1.1 ha | 34.4 m · 2 fl. |
| 21616G0176/00G003 | Brussels | 1,559 m² | 1 · 789 m² | 19.1 m · 6 fl. |
| 21445C0263/00E010 | Brussels | 410 m² | 1 · 405 m² | 15.0 m · 3 fl. |
| 21005A0542/00R009 | Brussels | 91 m² | 1 · 91 m² | 17.2 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
4 of 4 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 1,411 companies in sector 93129 we hold annual accounts for 173. 110 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded20-05-2020
Fiscal year end31-12
Activities, NACEBEL 2025
93129Activities of other sports clubs
47639Retail sale of other sporting goods
85510Sports and recreation education
E-invoicing
Reachable via Peppol
Peppol ID
0208:0747543960
Also
9925:BE0747543960
Registered
01-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.