HIFI STUDIO
ActiveHIFI STUDIO has been active since 1988 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €30k and a net result of €2k. Equity is shrinking by ~27.8% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 89% of 2464 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2024
81
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability25▼-28
Solvency100=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity ample (current ratio 8.29 against 5.93 in 2023; short-term debt: 11% and cash: 47.3% of total assets), and 11% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 90
Relative position
BE, all sectors
reference
Sector 90
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
89%
Return on assets
4.8%
Age of the figures
21 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-07-2025, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
1 d early
2023
21 d early
2022
5 d early
2021
on the day
2020
3 d early
2019
31 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€30k▼ 51.9%
2023 · €63k
2018: €133k
2019: €136k
2020: €109k
2021: €61k
2022: €63k
2023: €63k
2018 → 2024
Total assets
€34k▼ 54.8%
2023 · €75k
2018: €186k
2019: €138k
2020: €132k
2021: €132k
2022: €82k
2023: €75k
2018 → 2024
Net result
€2k▲ 429%
2023 · €313
2018: €5k
2019: €3k
2020: €-512
2021: €2k
2022: €2k
2023: €313
2018 → 2024
Working capital
€27k▼ 54.9%
2023 · €61k
2018: €107k
2019: €118k
2020: €96k
2021: €55k
2022: €60k
2023: €61k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€109k-€61k▼ 44.3%€63k▲ 3.4%€63k▲ 0.5%€30k▼ 51.9%
Operating result€-1k-€3k€2k▼ 50.5%€526▼ 67.1%€-654
Net result€-512-€2k€2k▼ 11.4%€313▼ 84.7%€2k▲ 429%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €654 after €526 in 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €34k
Fixed assets
€3k▲ 21.3%
Current assets
€31k▼ 57.3%
Equity and liabilities €34k
Equity
€30k▼ 51.9%
Debt
€4k▼ 69.5%
The debt ratio falls from 16.3% to 11.0%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-429▼
2023 · €748
Cash flow
€2k▲
2023 · €535
Solvency
89.0%▲
2023 · 83.7%
Current ratio
8.29▲
2023 · 5.93
Quick ratio
8.29▲
2023 · 5.93
Debt / equity
0.12▼
2023 · 0.20
ROE
5.4%▲
2023 · 0.5%
ROA
4.8%▲
2023 · 0.4%
Interest coverage
-2.91▼
2023 · 4.01
Debt
€4k▼
2023 · €12k
Debt ≤ 1 year
€4k▼
2023 · €12k
Income taxes
€2k▲
2023 · €1k
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€75k€34k▼
Fixed assets21/28€2k€3k▲
Tangible fixed assets22/27€2k€3k▲
Plant, machinery and equipment23€113€30▼
Furniture and vehicles24€2k€2k=
Other tangible fixed assets26€843€1k▲
Current assets29/58€73k€31k▼
Amounts receivable within one year40/41€4k€3k▼
Trade receivables40€2k€2k▼
Other amounts receivable41€2k€2k▲
Current investments50/53€59k€11k▼
Cash at bank and in hand54/58€10k€16k▲
Deferred charges and accrued income490/1€220€306▲
Equity and liabilities
Total equity and liabilities10/49€75k€34k▼
Equity10/15€63k€30k▼
Contributions10/11€19k€19k=
Reserves13€44k€12k▼
Non-distributable reserves130/1€6k€6k=
Reserves not available under the articles1311€6k€6k=
Distributable reserves133€39k€6k▼
Amounts payable17/49€12k€4k▼
Amounts payable within one year42/48€12k€4k▼
Trade debts44€20€22▲
Suppliers440/4€20€22▲
Taxes, remuneration and social security45€2k€3k▲
Taxes450/3€2k€3k▲
Other amounts payable47/48€11k€1k▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€222€225▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€-1k€-158▲
Other operating charges640/8€50-
Non-recurring operating charges66A€1k-
Gross operating margin9900€956€-587▼
Operating profit (loss)9901€526€-654▼
Financial income75/76B€1k€4k▲
Recurring financial income75€1k€2k▲
Non-recurring financial income76B-€2k
Financial charges65/66B€187€148▼
Recurring financial charges65€187€148▼
Profit (loss) for the period before taxes9903€1k€3k▲
Income taxes67/77€1k€2k▲
Profit (loss) for the period9904€313€2k▲
Profit (loss) for the period to be appropriated9905€313€2k▲
Appropriation of the result
Profit (loss) to be appropriated9906€313€2k▲
Transfer from equity791/2-€34k
Transfer to equity691/2€313€2k▲
To other reserves6921€313€2k▲
Profit to be distributed694/7-€34k
Return on contributions (dividend)694-€34k
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
30-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
10-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
26-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Liquidity doublescurrent ratio 4.06
Current ratio from 1.78 to 4.06; short-term debt falls from €71k to €20k.
31-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
28-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Weakest financial yearnet €-512 ▼118%
Net result drops to €-512, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
31-12
Financial
Liquidity times 18current ratio 53.57
Current ratio from 3.01 to 53.57; short-term debt falls from €53k to €2k.
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
30-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Charleroi · 1 establishment unit since 1988
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.
Rue du Rosaire 916041 CharleroiGround area
1,261 m²
Building footprint
70 m²
Volume, LiDAR
740 m³
Parcel 52028D0131/00R000, Wallonia · tallest building 12.7 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Place Masy 14, 6041 Charleroi
since 19882.033.232.143
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 52028D0131/00R000 | Wallonia | 1,261 m² | 1 · 70 m² | 12.7 m · 3 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.
Recognitions · licences · registrations
Legal Entity Identifier
6488615TDVZ8I0J07N25
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Of 8,303 companies in sector 90201 we hold annual accounts for 602. 461 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded04-01-1988
Fiscal year end31-12
Activities, NACEBEL
90201Performing arts by independent artists
92311
Sources
Crossroads Bank for EnterprisesNational Bank · 38 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.