IGLOO STUDIO
ActiveSummary
IGLOO STUDIO has been active since 1986 and the Belgian Official Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €167,306 and a net result of €819. Equity remains stable across the filed financial years (±1.3% per year). Its solvency ranks better than 60% of 317 sector peers (NACE 90, financial year 2024). The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
- Staff
- 1 FTE
- Equity
- €167,306
- Profit
- €819
Why 56raises riskCapped at 59: a confirmed filing findingFigures for financial year 2024 (filed 22-08-2025)lowers riskLiquidity: current ratio 3.13, cash €197,299Sector: Arts creation and performing arts activities (NACE 90)Founded in 1986Show the evidence
Checked score
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 90, micro): better than 51% on solvency, 81% on liquidity, 44% on profitability and 24% on growth.
The bankruptcy probability was computed on 29-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 6 accounts on average 8 days after the deadline; the sector median (NACE 90) for financial year 2024 is 4 days before the deadline, and 38% of those companies filed late.
Searched, nothing found (1)
- Resignations: PRINTZ Patrick Edouard, Léon Daniel…Appointment: Léon Daniel (director) ·…
- Annual accounts filedfinancial year 2024 · full…
- Back to profitnet €819
Financials · financial year 2024, full format
2025 annual accounts not yet filed, deadline passed on 31 July 2026 Financial year closed on 31 December 2025; filing due at the latest 7 months after the close (Companies Code art. 3:10). Source: NBB filings, as of 30 October 2026.
2020 to 2024, 5 financial years 2018 to 2024, 7 financial years
The operating result returns to profit in 2024: €819 after a loss of €3,292 in 2023.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 90, Arts creation and performing arts activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Peer companies
Historical observationOf the 17,041 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94.4% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% 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 497,445 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% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 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 74.5% 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 17,041 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.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Turnover70 | €30,211 | €45,307 | €30,284 | €23,453 | €43,013 | €86,690 | €12,954 | ▼ 85.1% |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | - | €32,383 | €29,682 | €15,234 | ▼ 48.7% |
| Remuneration, social security and pensions62 | - | - | - | - | €0 | €39,955 | €70,348 | ▲ 76.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €15,050 | €9,716 | €9,042 | €11,325 | €10,877 | €19,915 | €32,060 | ▲ 61.0% |
| Gross operating margin9900 | €8,629 | €22,803 | €11,967 | €2,304 | €7,864 | €56,577 | €103,227 | ▲ 82.5% |
| Operating profit (loss)9901 | -€13,921 | €13,087 | €2,925 | -€9,021 | -€3,013 | -€3,292 | €819 | - |
| Profit (loss) for the period before taxes9903 | -€13,921 | €13,087 | €2,925 | -€9,021 | -€3,013 | -€3,292 | €819 | - |
| Profit (loss) for the period9904 | -€13,921 | €13,087 | €2,925 | -€9,021 | -€3,013 | -€3,292 | €819 | - |
| Profit (loss) for the period to be appropriated9905 | -€13,921 | €13,087 | €2,925 | -€9,021 | -€3,013 | -€3,292 | €819 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €259,561 | €273,073 | €276,249 | €267,816 | €511,209 | €447,485 | €344,829 | ▼ 22.9% |
| Formation expenses20 | - | - | - | - | €0 | - | - | - |
| Fixed assets21/28 | €52,571 | €43,353 | €47,673 | €43,846 | €59,107 | €50,846 | €80,859 | ▲ 59.0% |
| Intangible fixed assets21 | - | - | - | - | €0 | - | - | - |
| Tangible fixed assets22/27 | €52,571 | €43,353 | €47,673 | €43,846 | €59,107 | €50,846 | €80,859 | ▲ 59.0% |
| Land and buildings22 | - | - | - | €10,293 | €7,621 | €3,118 | €4,077 | ▲ 30.8% |
| Plant, machinery and equipment23 | - | - | - | €33,410 | €51,344 | €47,438 | €76,491 | ▲ 61.2% |
| Furniture and vehicles24 | - | - | - | - | €0 | - | €0 | - |
| Leasing and similar rights25 | - | - | - | - | €0 | €148 | - | - |
| Other tangible fixed assets26 | - | - | - | - | €0 | €143 | €148 | ▲ 3.5% |
| Assets under construction and advance payments27 | - | - | - | €143 | €143 | - | €143 | - |
| Current assets29/58 | €206,990 | €229,720 | €228,576 | €223,970 | €452,102 | €396,639 | €263,971 | ▼ 33.4% |
| Stocks and contracts in progress3 | €869 | €869 | €869 | €869 | €869 | €869 | €869 | = |
| Contracts in progress37 | - | - | - | €869 | €869 | €869 | €869 | = |
| Amounts receivable within one year40/41 | €64,698 | €70,806 | €71,566 | €68,787 | €81,780 | €71,088 | €65,532 | ▼ 7.8% |
| Trade receivables40 | - | - | - | €51,467 | €62,980 | €51,569 | €43,268 | ▼ 16.1% |
| Other amounts receivable41 | - | - | - | €17,320 | €18,800 | €19,518 | €22,264 | ▲ 14.1% |
| Cash at bank and in hand54/58 | €141,297 | €157,919 | €155,954 | €154,097 | €369,222 | €324,451 | €197,299 | ▼ 39.2% |
| Deferred charges and accrued income490/1 | - | - | - | €217 | €231 | €231 | €270 | ▲ 17.3% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €259,561 | €273,073 | €276,249 | €267,816 | €511,209 | €447,485 | €344,829 | ▼ 22.9% |
| Equity10/15 | €165,801 | €178,888 | €181,813 | €172,792 | €169,779 | €166,487 | €167,306 | ▲ 0.5% |
| Contributions10/11 | €37,645 | €37,645 | €37,645 | €37,645 | €37,645 | €37,646 | €37,645 | = |
| Capital10 | - | - | - | €37,645 | €37,645 | €37,646 | €37,645 | = |
| Issued capital100 | - | - | - | €37,645 | €37,645 | €37,646 | €37,645 | = |
| Reserves13 | €3,766 | €3,766 | €3,766 | €3,766 | €3,766 | €3,766 | €3,766 | = |
| Non-distributable reserves130/1 | - | - | - | €3,766 | €3,766 | €3,766 | €3,766 | = |
| Legal reserve130 | - | - | - | €3,766 | €3,766 | €3,766 | €3,766 | = |
| Profit (loss) carried forward14 | €124,390 | €137,477 | €140,402 | €131,381 | €128,368 | €125,076 | €125,895 | ▲ 0.7% |
| Amounts payable17/49 | €93,760 | €94,185 | €94,436 | €95,024 | €341,430 | €280,998 | €177,523 | ▼ 36.8% |
| Amounts payable after more than one year17 | €2,759 | €2,759 | €2,759 | €2,759 | €2,759 | €2,759 | €2,759 | = |
| Financial debts170/4 | - | - | - | €2,759 | €2,759 | €2,759 | €2,759 | = |
| Amounts payable within one year42/48 | €91,001 | €91,426 | €91,677 | €92,265 | €94,872 | €84,810 | €84,353 | ▼ 0.5% |
| Trade debts44 | €7,888 | €8,034 | €8,285 | €8,853 | €11,459 | €1,441 | €983 | ▼ 31.7% |
| Suppliers440/4 | - | - | - | €8,853 | €11,459 | €1,441 | €983 | ▼ 31.7% |
| Taxes, remuneration and social security45 | - | - | - | €82,984 | €82,984 | €82,984 | €82,984 | = |
| Taxes450/3 | - | - | - | - | €0 | - | - | - |
| Remuneration and social security454/9 | - | - | - | €82,984 | €82,984 | €82,984 | €82,984 | = |
| Other amounts payable47/48 | - | - | - | €429 | €429 | €386 | €386 | = |
| Accrued charges and deferred income492/3 | - | - | - | - | €243,800 | €193,429 | €90,411 | ▼ 53.3% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€13,921 | €13,087 | €2,925 | -€9,021 | -€3,013 | -€3,292 | €819 | - |
| + Depreciation and write-downs630 | €15,050 | €9,716 | €9,042 | €11,325 | €10,877 | €19,915 | €32,060 | ▲ 61.0% |
| Operating cash flow (approximation) | €1,129 | €22,803 | €11,967 | €2,304 | €7,864 | €16,623 | €32,878 | ▲ 97.8% |
| Investment in fixed assets (approximation) | - | -€498 | -€13,362 | -€7,498 | -€26,138 | -€11,653 | -€62,072 | ▼ 433% |
| Change in cash | - | €16,622 | -€1,965 | -€1,857 | €215,125 | -€44,771 | -€127,152 | ▼ 184% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 20 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2024 | full format | 22-08-2025 | 2025-00391598 |
| 31-12-2023 | full format | 28-09-2024 | 2024-00477203 |
| 31-12-2022 | micro format | 25-07-2023 | 2023-00265416 |
| 31-12-2021 | micro format | 25-07-2022 | 2022-20217099 |
| 31-12-2020 | micro format | 25-07-2021 | 2021-39700383 |
| 31-12-2019 | full format | 13-07-2020 | 2020-28800049 |
| 31-12-2018 | full format | 10-07-2019 | 2019-30600227 |
| 31-12-2017 | full format | 03-07-2018 | 2018-26600434 |
| 31-12-2016 | full format | 09-07-2017 | 2017-28600218 |
| 31-12-2015 | full format | 15-07-2016 | 2016-31300136 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
- Day-to-day management
- began earlier
| Name | Functions and periods |
|---|---|
| Léon Daniel |
|
| PRINTZ Patrick Edouard |
|
| Sotiaux Daniel Maurice |
|
Owners and capital
Capital and shareholders
- 08-09-2026 Capital stated in the deed · 1,064 shares
Group and network
Connections & network
No directors read yet: 1 of 2 Gazette acts processed.
History
Acts, filings and financial milestones
08-09
Gazette deed
Resignations: PRINTZ Patrick Edouard, Léon Daniel and Sotiaux Daniel MauriceAppointment: Léon Daniel (director) · Legal-form conversion · Capital16 facts ▸
- Legal-form conversion, “société à responsabilité limitée” (deed in French)
- General meeting, 03-09-2026
- General meeting, “unanimité”, 1 (deed in French)
- General meeting, “unanimité, article 14:3 du CSA” (deed in French) (2 times)
- Capital
- Director resignation, PRINTZ Patrick Edouard (director)
- Director resignation, Léon Daniel (director)
- Director resignation, Sotiaux Daniel Maurice (director)
- Director discharge, PRINTZ Patrick Edouard (director)
- Director discharge, Léon Daniel (director)
- Director discharge, Sotiaux Daniel Maurice (director)
- Director appointment, Léon Daniel (director)
- +4 further facts in this act
About the unread acts
Of the 2 Belgian Official Gazette deeds we know for this company, 1 has been read. The other one has not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21362B0225/00F006 | Brussels | 350 m² | 1 · 120 m² | 13.6 m · 4 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “L'enregistrement de musique et de son en marquant la priorité aux musiques et aux sons des artistes de la Communauté française de Belgique” (deed in French)
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- IGLOO Studio
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région de Bruxelles-Capitale ou en Région wallonne, Article 2” (deed in French)
Who represents it, and how
- Daily managementWho may handle the everyday running of the business without the full board.
- The board decides whether the delegates act alone or jointly
- Board ruleHow the board is made up, meets and takes decisions.
- “Organe d'administration, Article 10” (deed in French)“Seul, administrateur unique ou chaque administrateur agissant seul” (deed in French)“Rémunération des administrateurs, fixe ou proportionnelle” (deed in French)1 more provision on this in the deed
Capital, shares and profit
- Kind of sharesWhich classes of shares exist and what rights each class carries.
- “Le registre des actions pourra être tenu en la forme électronique, nominatives” (deed in French)
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Tous les frais de procédure et d'expertise étant pour moitié à charge du cédant et pour moitié à charge du ou des acquéreurs…” (deed in French)
- Share issue ruleHow and by whom new shares can be issued.
- “Les actions nouvelles à souscrire en numéraire doivent être offertes par préférence aux détenteurs existants, proportionnellement au nombre…” (deed in French)
- Profit allocationHow profit is distributed; a BV may only pay out after a balance-sheet and liquidity test.
- “Répartition et réserves, le bénéfice annuel net recevra l’affectation que lui donnera l’assemblée générale, statuant sur proposition de…” (deed in French)
Meetings and financial year
- Meeting accessWho may attend the meeting and what is needed to be admitted.
- “Admission à l’assemblée générale” (deed in French)
- Meeting procedureHow the meeting runs, from opening to minutes.
- “Séances et procès-verbaux, les copies à délivrer aux tiers seront signées par un ou plusieurs membres de l’organe d’administration ayant le…” (deed in French)“Prorogation, sauf si l’assemblée générale en décide autrement, cette prorogation n’annule pas les autres décisions prises” (deed in French)
- Voting ruleWhich majority the meeting decides by, for example a simple or a special majority.
- “Tout détenteur peut donner à toute autre personne, détenteur ou non, par tout moyen de transmission, une procuration écrite pour le…” (deed in French)
Oversight and winding up
- Auditor ruleHow a statutory auditor is appointed and what they check, if the company has one.
- “Trois ans, un ou plusieurs commissaires” (deed in French)
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Dissolution, la société peut être dissoute en tout temps” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Liquidateurs, en cas de dissolution de la société, pour quelque cause et à quelque moment que ce soit, le ou les administrateurs en fonction…” (deed in French)