FUTURE STUDIO
Open bankruptcyA bankruptcy procedure is open for FUTURE STUDIO according to publications in the Belgian State Gazette; curator: YANNICK ALSTEENS.
Summary
The 2019 annual accounts show negative equity (€-24k) and a net result of €-69k.
Signals
Two signals.
+raises risk
Checked, nothing found (1)
Financials · fiscal year 2019, full schema
Turnover
€363k
EBIT margin
8.0%
Net result
€-69k
2018 · €18k
2018: €18k
2019: €-69k▼ -475% vs 2018
2018 → 2019
Working capital
€-11k▲ 71.9%
2018 · €-41k
2018: €-41k
2019: €-11k▲ +71.9% vs 2018
2018 → 2019
Trend over the years
Multi-year overview
Available amounts per fiscal year
Line20182019Trend
Turnover€363k-
Equity€39k-€-24k
2018: €39k
2019: €-24k▼ -162% vs 2018
Operating result€29k-€-59k
2018: €29k
2019: €-59k▼ -304% vs 2018
Net result€18k-€-69k
2018: €18k
2019: €-69k▼ -475% vs 2018
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2019: a loss of €59k after €29k in 2018.
Balance-sheet composition
2019 in colour, 2018 as the grey bar beneath
Assets €304k
Fixed assets
€85k ▲ 7.4%
Current assets
€219k ▲ 113%
Key figures and ratios
EBITDA
€-19k▼
2018 · €68k
Cash flow
€-29k▼
2018 · €57k
Solvency
-7.9%▼
2018 · 21.3%
Current ratio
0.95▲
2018 · 0.72
Quick ratio
0.45▲
2018 · 0.31
Debt to equity
-3.99
ROA
-22.6%▼
2018 · 10.1%
Debt
€325k▲
2018 · €143k
Debt ≤ 1 year
€230k▲
2018 · €143k
Debt > 1 year
€95k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2019 against 2018 · 28 lines
Balance sheet
Code20182019
Assets
Total assets20/58€182k€304k▲
Fixed assets21/28€79k€85k▲
Intangible fixed assets21€10k€37k▲
Tangible fixed assets22/27€68k€46k▼
Financial fixed assets28€2k€2k▲
Current assets29/58€103k€219k▲
Stocks and contracts in progress3€58k€115k▲
Amounts receivable within one year40/41€45k€103k▲
Equity and liabilities
Total equity and liabilities10/49€182k€304k▲
Equity10/15€39k€-24k▼
Contributions10/11€12k€19k▲
Reserves13€850€850=
Profit (loss) carried forward14€25k€-43k▼
Provisions and deferred taxes16-€3k
Amounts payable17/49€143k€325k▲
Amounts payable after more than one year17-€95k
Amounts payable within one year42/48€143k€230k▲
Trade debts44€84k€65k▼
Income statement
Code20182019
Turnover70€363k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€39k€40k▲
Gross operating margin9900€161k€36k▼
Operating profit (loss)9901€29k€-59k▼
Recurring financial income75€1-
Recurring financial charges65€10k€10k▼
Profit (loss) for the period before taxes9903€19k€-69k▼
Income taxes67/77€527-
Profit (loss) for the period9904€18k€-69k▼
Profit (loss) for the period to be appropriated9905€18k€-69k▼
Accounts by statement
| Line | 2018 | 2019 | Change |
|---|---|---|---|
| Turnover70 | €363k | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €39k | €40k | ▲ 2.1% |
| Gross operating margin9900 | €161k | €36k | ▼ 77.6% |
| Operating profit (loss)9901 | €29k | €-59k | ▼ 304% |
| Recurring financial income75 | €1 | - | - |
| Recurring financial charges65 | €10k | €10k | ▼ 3.1% |
| Profit (loss) for the period before taxes9903 | €19k | €-69k | ▼ 464% |
| Income taxes67/77 | €527 | - | - |
| Profit (loss) for the period9904 | €18k | €-69k | ▼ 475% |
| Profit (loss) for the period to be appropriated9905 | €18k | €-69k | ▼ 475% |
| Line | 2018 | 2019 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €182k | €304k | ▲ 66.9% |
| Fixed assets21/28 | €79k | €85k | ▲ 7.4% |
| Intangible fixed assets21 | €10k | €37k | ▲ 278% |
| Tangible fixed assets22/27 | €68k | €46k | ▼ 31.8% |
| Financial fixed assets28 | €2k | €2k | ▲ 3.6% |
| Current assets29/58 | €103k | €219k | ▲ 113% |
| Stocks and contracts in progress3 | €58k | €115k | ▲ 97.9% |
| Amounts receivable within one year40/41 | €45k | €103k | ▲ 130% |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €182k | €304k | ▲ 66.9% |
| Equity10/15 | €39k | €-24k | ▼ 162% |
| Contributions10/11 | €12k | €19k | ▲ 50.0% |
| Reserves13 | €850 | €850 | = |
| Profit (loss) carried forward14 | €25k | €-43k | ▼ 270% |
| Provisions and deferred taxes16 | - | €3k | - |
| Amounts payable17/49 | €143k | €325k | ▲ 127% |
| Amounts payable after more than one year17 | - | €95k | - |
| Amounts payable within one year42/48 | €143k | €230k | ▲ 60.5% |
| Trade debts44 | €84k | €65k | ▼ 22.4% |
| Line | 2018 | 2019 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €18k | €-69k | ▼ 475% |
| + Depreciation and write-downs630 | €39k | €40k | ▲ 2.1% |
| Operating cash flow (approximation) | €57k | €-29k | ▼ 151% |
| Investment in fixed assets (approximation) | - | €-46k | - |
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
2021
19-07
Bankruptcy
Opening
Tribunal de l’entreprise du Brabant wallon · event 13-07-2021
31-01
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 184 days late
2019
25-09
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 56 days late
2018
02-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 2 days late
2017
22-11
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 114 days late
2016
05-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 5 days late
2015
25-07
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
2014
28-08
NBB filing
Annual accounts filed
fiscal year 2013 · full schema · 28 days late
05-03
NBB filing
Annual accounts filed
fiscal year 2012 · full schema · 217 days late
2012
27-09
NBB filing
Annual accounts filed
fiscal year 2011 · full schema · 58 days late
07-05
NBB filing
Annual accounts filed
fiscal year 2010 · full schema · 281 days late
SignalNBB filing
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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, Waterloo · 2 establishment units since 2017
Ground area
3,015 m²
Building footprint
936 m²
Volume, LiDAR
3,946 m³
2 parcels, Wallonia · tallest building 6.3 m, ±2 floors. Linked by address, not a title deed.
75
companies at this address
See who is registered here
2 establishment units
Eric Willemart Studio
since 20172.263.759.175
Eric Willemart Studio
since 20192.283.385.839
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25110S0026/02N003 | Wallonia | 1,583 m² | 1 · 103 m² | - |
| 25762F0043/00T003 | Wallonia | 1,433 m² | 1 · 832 m² | 6.3 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | YANNICK ALSTEENS OFF.PARK GREEN ALLEY,RUE
DU PANIER VERT 70, 1400 NIVELLES |
13-07-2021 → present |
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Of 18,255 companies in sector 71111 we hold annual accounts for 6,323. 5,153 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
Founded28-03-2006
Fiscal year end31-12
Abbreviation FR
EWs
Activities, NACEBEL 2025
71111Activities of building architects
23410Manufacture of ceramic household and ornamental articles
27401Manufacture of electrical equipment
31004Manufacture of dining room, living room, bedroom and bathroom furniture
47120Other non-specialised retail sale
47551Retail sale of household furniture
47552Retail sale of lighting equipment
74111Design of textile patterns, clothing, jewellery, furniture and decorative items
74112Other professional, scientific and technical activities
74120Graphic design and visual communication
74140Other specialised design activities
Scores and ratios are computed by Checked and are not a credit decision.