Head First Studios
The computed 12-month bankruptcy probability of Head First Studios is 3.3% (moderate). The 2024 annual accounts show negative equity (€-419) and a net result of €-8k. Equity is shrinking by ~62.8% per year across the filed fiscal years. Its solvency ranks better than 20% of 229 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
| Equity | €-419 |
| Net result | €-8k |
| Better than sector | 20% |
| Active | 5 yrs |
Strong profile, led by profitability.
Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?
Unlock the full score breakdown, per-year score history and the indicative credit limit with Plus.
See plans →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).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | -3.5% | 46.9% | |
| Net result | €-8k | €5k | |
| Equity | €-419 | €25k | |
| Gross operating margin | €-407 | €17k | |
| Total assets | €12k | €87k |
| Fiscal year | 2024 |
|---|---|
| Revenue | - |
| EBITDA | €-6k |
| Net profit | €-8k |
| Cash flow | €-7k |
| Staff costs | - |
| Income taxes | - |
| Dividends | - |
| Total assets | €12k |
| Equity | €-419 |
| Debt | €12k |
| of which ≤ 1y | €4k |
| of which > 1y | - |
| Working capital | €7k |
| Employees (FTE) | - |
| 2024 | |
|---|---|
| Current ratio | 3.08 |
| Quick ratio | 3.08 |
| Working capital ratio | 61.8% |
| Solvency | -3.5% |
| Debt / equity | -29.75 |
| Long-term debt ratio | - |
| Interest coverage | -6.94 |
| Gross margin | - |
| Net margin | - |
| ROA | -69.9% |
| ROE | 2009.5% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €12k |
| Fixed assets | 21/28 | €1k |
| Tangible fixed assets | 22/27 | €1k |
| Current assets | 29/58 | €11k |
| Amounts receivable within one year | 40/41 | €9k |
| Cash & bank | 54/58 | €2k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €12k |
| Equity | 10/15 | €-419 |
| Contributions / capital | 10/11 | €13k |
| Accumulated profits (losses) | 14 | €-13k |
| Amounts payable | 17/49 | €12k |
| Amounts payable within one year | 42/48 | €4k |
| Trade debts payable within one year | 44 | €474 |
| Income statement | ||
| Gross operating margin | 9900 | €-407 |
| Operating result | 9901 | €-8k |
| Financial income | 75 | €294 |
| Financial charges | 65 | €932 |
| Result before taxes | 9903 | €-8k |
| Net result for the period | 9904 | €-8k |
| Result to be appropriated | 9905 | €-8k |
Former directors (1)
-
Former- → 13-06-2025
| NACE primary | 58210 |
| Legal form | Private limited company(610) |
| Incorporation | 25-06-2021 |
| Status | Active |
| Postal code | 1000 |
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.
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21808H1778/00D000 | Brussels | 670 m² | 1 · 488 m² | 27.7 m · 8 fl. |
| 42452E0552/00T000 | Flanders | 415 m² | 1 · 91 m² | 9.4 m · 2 fl. |
A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.
22-10-2025 Pieter BOSTEELS resigns as director
- Pieter BOSTEELS, Bestuurder
Technical details
{
"events": [
{
"kind": "director_out",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "Pieter BOSTEELS",
"address": null,
"birth_date": null
},
"effective_date": "2025-06-13",
"evidence_quote": "Bij beslissing van de algemene vergadering van 13 juni 2025 wordt het ontslag van de bestuurder Pieter BOSTEELS, geboren te Bonheiden op 6 juli 1974, Rijksregisternummer 74.07.06-135.27, aanvaard met onmiddellijke ingang.",
"discharge_granted": true
}
],
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"subject_company": {
"kbo": "0770.356.083",
"name_full": "HEAD FIRST STUDIOS",
"legal_form": "BV"
}
}09-11-2022 Bart TAUWENBERGH resigns as director
- Bart TAUWENBERGH, Bestuurder
Technical details
{
"events": [
{
"kind": "director_out",
"role": "bestuurder",
"person": {
"rrn": null,
"name": "Bart TAUWENBERGH",
"address": null,
"birth_date": null
},
"via_org": {
"kbo": "0770356083",
"name": "MEZELF",
"address": null,
"country": null,
"legal_form": null
},
"effective_date": "2021-12-27",
"evidence_quote": "BESLOTEN om het ontslag van de BV MEZELF, met als vast vertegenwoordiger de heer Bart TAUWENBERGH als bestuurder te aanvaarden met ingang vanaf 27 december 2021. Er wordt kwijting verleend voor het uitgeoefende mandaat tijdens het afgelopen boekjaar",
"discharge_granted": true
}
],
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"subject_company": {
"kbo": "0770.356.083",
"name_full": "HEAD FIRST STUDIOS",
"legal_form": "BV"
}
}29-06-2021 Incorporation of a new BV
Technical details
{
"kind": "oprichting",
"seat": "1000 Brussel, Keizerslaan 10",
"schema": "v3.2",
"act_meta": {
"model_id": 36,
"extractor": "constrained-core-35b"
},
"founders": [
{
"org": null,
"kind": "natural_person",
"person": {
"dob": "1988-10-13",
"name": "DEGROUX Charles Bernard Michel Jo",
"niss": null,
"address": "1380 Lasne, Clos de la Brire 10"
},
"share_class": "A, B, C",
"partner_role": null,
"holder_org_kbo": null,
"holder_org_name": null,
"contribution_type": "cash",
"amount_paid_in_eur": 2500,
"holder_person_name": "DEGROUX Charles Bernard Michel Jo",
"is_subscriber_only": false,
"n_shares_subscribed": 250,
"amount_subscribed_eur": 5000,
"is_anonymous_silent_partner": false
},
{
"org": null,
"kind": "natural_person",
"person": {
"dob": "1982-03-03",
"name": "DE WOLF Karel Germain Greta",
"niss": null,
"address": "9220 Hamme, Penningdreef 6"
},
"share_class": "A, B, C",
"partner_role": null,
"holder_org_kbo": null,
"holder_org_name": null,
"contribution_type": "cash",
"amount_paid_in_eur": 2500,
"holder_person_name": "DE WOLF Karel Germain Greta",
"is_subscriber_only": false,
"n_shares_subscribed": 250,
"amount_subscribed_eur": 5000,
"is_anonymous_silent_partner": false
},
{
"org": null,
"kind": "natural_person",
"person": {
"dob": "1974-07-06",
"name": "BOSTEELS Pieter Jan",
"niss": null,
"address": "3080 Tervuren, Capuynstraat 6"
},
"share_class": "A, B, C",
"partner_role": null,
"holder_org_kbo": null,
"holder_org_name": null,
"contribution_type": "cash",
"amount_paid_in_eur": 2500,
"holder_person_name": "BOSTEELS Pieter Jan",
"is_subscriber_only": false,
"n_shares_subscribed": 250,
"amount_subscribed_eur": 5000,
"is_anonymous_silent_partner": false
},
{
"org": null,
"kind": "natural_person",
"person": {
"dob": "1969-05-07",
"name": "TAUWENBERG Bart Francis Jozef",
"niss": null,
"address": "3118 Rotselaar (Werchter), Rochusstraat 45 A"
},
"share_class": "A, B, C",
"partner_role": null,
"holder_org_kbo": null,
"holder_org_name": null,
"contribution_type": "cash",
"amount_paid_in_eur": 2500,
"holder_person_name": "TAUWENBERG Bart Francis Jozef",
"is_subscriber_only": false,
"n_shares_subscribed": 250,
"amount_subscribed_eur": 5000,
"is_anonymous_silent_partner": false
}
],
"capital_eur": 20000,
"subject_company": {
"kbo": "0770.356.083",
"name_full": "Head First Studios",
"legal_form": "BV"
},
"initial_directors": [],
"incorporation_date": "2021-06-25",
"post_incorporation_mandates": []
}Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.
| Legal nameNL | Head First Studios |