ILA studio
ActiveSummary
The annual accounts of ILA studio for fiscal year 2024 show a net loss of 79% of the equity at the start of that year. The 2024 annual accounts show equity of €37,024 and a net result of -€137,470. Equity is growing by ~4.1% per year across the filed fiscal years. Its solvency ranks better than 16% of 1413 sector peers (fiscal year 2024). The company has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability4▼-2
Solvency30▼-15
Growth35▼-16
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,500 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity tight (current ratio 1.5 against 1.63 in 2023; short-term debt: 58.7% and cash: 21.2% of total assets), and 94.8% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
5.2%
Return on assets
-19.1%
Age of the figures
21 mo
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 · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year -€137,470
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 16% of 1413 sector peers (2024).
NBB · sector comparisonPosition among 1413 sector peers
Solvency
better than 16%
← weakest
strongest →
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 30-06-2025, 31 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
31 d early
2023
22 d early
2022
21 d early
2021
31 d early
2020
30 d early
2019
10 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 21 days before the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
Turnover
€3.5m▼ 8.2%
2023 · €3.8m
EBIT margin
-3.4%▼ 0.6pp
2023 · -2.7%
Net result
-€137,470▼ 19.0%
2023 · -€115,477
Working capital
€209,397▼ 30.0%
2023 · €298,938
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations 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
Line20202021202220232024
Turnover€3.1m€4.5m▲ 46.8%€3.9m▼ 13.4%€3.8m▼ 2.6%€3.5m▼ 8.2%
Operating result€123,424▼ 31.5%€253,826▲ 106%-€16,422-€104,137▼ 534%-€117,760▼ 13.1%
Net result€61,736within the sector's middle half▼ 54.6%€172,053above the sector's middle half▲ 179%€8,038within the sector's middle half▼ 95.3%-€115,477below the sector's middle half-€137,470below the sector's middle half▼ 19.0%
EBIT margin4.0%5.6%▲ 1.6pp-0.4%▼ 6.0pp-2.7%▼ 2.3pp-3.4%▼ 0.6pp
Equity€209,880within the sector's middle half▲ 5.9%€281,933within the sector's middle half▲ 34.3%€289,971within the sector's middle half▲ 2.9%€174,494within the sector's middle half▼ 39.8%€37,024below the sector's middle half▼ 78.8%
Total assets€1.2mwithin the sector's middle half▲ 18.0%€1.2mwithin the sector's middle half▼ 0.1%€1.1mwithin the sector's middle half▼ 10.6%€892,647within the sector's middle half▼ 16.6%€718,056within the sector's middle half▼ 19.6%
Debt€989,812▲ 20.9%€916,242▼ 7.4%€780,840▼ 14.8%€718,153▼ 8.0%€681,032▼ 5.2%
Working capital€361,540above the sector's middle half▲ 134%€329,673above the sector's middle half▼ 8.8%€617,288above the sector's middle half▲ 87.2%€298,938within the sector's middle half▼ 51.6%€209,397within the sector's middle half▼ 30.0%
Solvency17.5%within the sector's middle half▼ 2.0pp23.5%within the sector's middle half▲ 6.0pp27.1%within the sector's middle half▲ 3.5pp19.5%within the sector's middle half▼ 7.5pp5.2%below the sector's middle half▼ 14.4pp
Current ratio1.46within the sector's middle half▲ 0.271.40within the sector's middle half▼ 0.052.71within the sector's middle half▲ 1.311.63within the sector's middle half▼ 1.081.50within the sector's middle half▼ 0.13
Return on assets (ROA)5.1%within the sector's middle half▼ 8.2pp14.4%above the sector's middle half▲ 9.2pp0.8%within the sector's middle half▼ 13.6pp-12.9%below the sector's middle half▼ 13.7pp-19.1%below the sector's middle half▼ 6.2pp
Staff (FTE)7.1within the sector's middle half▼ 5.3%7.9within the sector's middle half▲ 11.3%8.2within the sector's middle half▲ 3.8%9.1within the sector's middle half▲ 11.0%7.4within the sector's middle half▼ 18.7%
above
within
below
the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €117,760 in 2024 against €104,137 in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €718,056
Fixed assets
€86,956 ▼ 26.5%
Current assets
€631,100 ▼ 18.5%
Equity and liabilities €718,056
Equity
€37,024 ▼ 78.8%
Debt
€681,032 ▼ 5.2%
Debt's share of the balance-sheet total rises from 80.5% to 94.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€80,901▼
2023 · -€73,668
Cash flow
-€100,611▼
2023 · -€85,008
Debt to equity
18.39▲
2023 · 4.12
ROE
-371.3%▼
2023 · -66.2%
Interest coverage
-4.83▲
2023 · -7.70
Debt ≤ 1 year
€421,704▼
2023 · €475,341
Income taxes
€3,616▲
2023 · €2,603
Staff costs
€379,412▼
2023 · €456,055
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 644 companies that looked in July 2024 the way this one looks now, 3.0% went bankrupt within 24 months and 90% are still going.
- Micro
- 10 to 20 years old
- solvency under 10%
- a loss of 10% of the balance sheet or more
3.0%
went bankrupt
5.4%
stopped otherwise
90%
still going
A further 2.0% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 644 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €3.1m | €4.5m | €3.9m | €3.8m | €3.5m | ▼ 8.2% |
| Non-recurring operating income76A | - | - | - | - | €20,492 | - |
| Goods, raw materials, services and sundry goods60/61 | €2.7m | €3.8m | €3.4m | €3.4m | €3.2m | ▼ 6.1% |
| Remuneration, social security and pensions62 | €243,133 | €477,007 | €467,977 | €456,055 | €379,412 | ▼ 16.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €15,602 | €17,442 | €17,767 | €30,469 | €36,859 | ▲ 21.0% |
| Other operating charges640/8 | €3,676 | €8,742 | €2,820 | €2,537 | €913 | ▼ 64.0% |
| Non-recurring operating charges66A | - | €380 | - | - | - | - |
| Gross operating margin9900 | €385,835 | €757,397 | €472,142 | €384,924 | €299,424 | ▼ 22.2% |
| Operating profit (loss)9901 | €123,424 | €253,826 | -€16,422 | -€104,137 | -€117,760 | ▼ 13.1% |
| Financial income75/76B | €36 | €2,949 | €49,876 | €830 | €647 | ▼ 22.1% |
| Recurring financial income75 | €36 | €2,949 | €49,876 | €830 | €647 | ▼ 22.1% |
| Financial charges65/66B | €3,648 | €4,347 | €11,416 | €9,567 | €16,741 | ▲ 75.0% |
| Recurring financial charges65 | €3,648 | €4,347 | €11,416 | €9,567 | €16,741 | ▲ 75.0% |
| Profit (loss) for the period before taxes9903 | €119,812 | €252,428 | €22,038 | -€112,874 | -€133,854 | ▼ 18.6% |
| Income taxes67/77 | €58,076 | €80,375 | €14,000 | €2,603 | €3,616 | ▲ 38.9% |
| Profit (loss) for the period9904 | €61,736 | €172,053 | €8,038 | -€115,477 | -€137,470 | ▼ 19.0% |
| Profit (loss) for the period to be appropriated9905 | €61,736 | €172,053 | €8,038 | -€115,477 | -€137,470 | ▼ 19.0% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €1.2m | €1.2m | €1.1m | €892,647 | €718,056 | ▼ 19.6% |
| Formation expenses20 | - | - | - | €0 | €0 | - |
| Fixed assets21/28 | €44,826 | €49,261 | €92,215 | €118,367 | €86,956 | ▼ 26.5% |
| Intangible fixed assets21 | - | - | €55,848 | €58,144 | €39,088 | ▼ 32.8% |
| Tangible fixed assets22/27 | €37,140 | €38,259 | €25,915 | €49,772 | €37,416 | ▼ 24.8% |
| Plant, machinery and equipment23 | €6,387 | €2,148 | €20,108 | €37,901 | €30,256 | ▼ 20.2% |
| Furniture and vehicles24 | €30,753 | €36,111 | €5,807 | €3,172 | €892 | ▼ 71.9% |
| Other tangible fixed assets26 | - | - | - | €8,699 | €6,268 | ▼ 27.9% |
| Financial fixed assets28 | €7,686 | €11,002 | €10,452 | €10,452 | €10,452 | = |
| Current assets29/58 | €1.2m | €1.1m | €978,596 | €774,279 | €631,100 | ▼ 18.5% |
| Amounts receivable within one year40/41 | €729,275 | €815,932 | €829,791 | €616,454 | €306,454 | ▼ 50.3% |
| Trade receivables40 | €720,108 | €737,925 | €788,740 | €584,850 | €249,506 | ▼ 57.3% |
| Other amounts receivable41 | €9,167 | €78,007 | €41,051 | €31,605 | €56,948 | ▲ 80.2% |
| Cash at bank and in hand54/58 | €359,991 | €265,359 | €144,526 | €138,710 | €152,169 | ▲ 9.7% |
| Deferred charges and accrued income490/1 | €65,600 | €67,623 | €4,279 | €19,115 | €172,478 | ▲ 802% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €1.2m | €1.2m | €1.1m | €892,647 | €718,056 | ▼ 19.6% |
| Equity10/15 | €209,880 | €281,933 | €289,971 | €174,494 | €37,024 | ▼ 78.8% |
| Contributions10/11 | €18,550 | €18,550 | €18,550 | €18,550 | €18,550 | = |
| Reserves13 | €1,855 | €1,855 | €1,855 | €1,855 | €1,855 | = |
| Non-distributable reserves130/1 | €1,855 | €1,855 | €1,855 | - | - | - |
| Reserves not available under the articles1311 | €1,855 | €1,855 | €1,855 | - | - | - |
| Distributable reserves133 | - | - | - | €1,855 | €1,855 | = |
| Profit (loss) carried forward14 | €189,475 | €261,528 | €269,566 | €154,089 | €16,619 | ▼ 89.2% |
| Amounts payable17/49 | €989,812 | €916,242 | €780,840 | €718,153 | €681,032 | ▼ 5.2% |
| Amounts payable within one year42/48 | €793,326 | €819,241 | €361,308 | €475,341 | €421,704 | ▼ 11.3% |
| Trade debts44 | €618,635 | €587,575 | €217,036 | €105,321 | €210,419 | ▲ 99.8% |
| Suppliers440/4 | €618,635 | €587,575 | €217,036 | €105,321 | €210,419 | ▲ 99.8% |
| Taxes, remuneration and social security45 | €77,449 | €131,645 | €134,458 | €95,020 | €44,172 | ▼ 53.5% |
| Taxes450/3 | €7,762 | €30,840 | €54,494 | €29,739 | €9,482 | ▼ 68.1% |
| Remuneration and social security454/9 | €69,687 | €100,805 | €79,964 | €65,281 | €34,691 | ▼ 46.9% |
| Other amounts payable47/48 | €97,242 | €100,021 | €9,814 | €275,000 | €167,112 | ▼ 39.2% |
| Accrued charges and deferred income492/3 | €196,486 | €97,001 | €419,532 | €242,812 | €259,328 | ▲ 6.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €61,736 | €172,053 | €8,038 | -€115,477 | -€137,470 | ▼ 19.0% |
| + Depreciation and write-downs630 | €15,602 | €17,442 | €17,767 | €30,469 | €36,859 | ▲ 21.0% |
| Operating cash flow (approximation) | €77,338 | €189,495 | €25,805 | -€85,008 | -€100,611 | ▼ 18.4% |
| Investment in fixed assets (approximation) | - | -€21,877 | -€60,721 | -€56,621 | -€5,447 | ▲ 90.4% |
| Change in cash | - | -€94,632 | -€120,833 | -€5,816 | €13,459 | ▲ 331% |
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
2025
30-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet -€137,470
Net result drops to -€137,470, the lowest in the series.
09-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
10-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
30-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Highest result since 2018net €172,053 ▲179%
Operating result €253,826, net result €172,053, both a record.
01-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Equity above €200,000Eq €209,880 ▲5.9%
3 profitable years in a row build equity to €209,880.
10-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 10 days late
2019
31-12
Financial
Equity above €150,000Eq €198,144 ▲219%
2 profitable years in a row build equity to €198,144.
24-09
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 55 days late
2018
28-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
30-09
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2015
30-09
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 14 acts read
About the unread acts
We know of 14 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
14 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, Antwerpen · 1 establishment unit since 2008
Ground area
1,011 m²
Building footprint
708 m²
Volume, LiDAR
9,467 m³
Parcel 11811L3965/00R000, Flanders · tallest building 16.8 m, ±4 floors. Linked by address, not a title deed.
4
companies at this address
See who is registered here
1 establishment unit
Initials LA
since 20082.174.901.237
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11811L3965/00R000 | Flanders | 1,011 m² | 1 · 708 m² | 16.8 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
1 ownerChain of control
- Caviar Group
- ILA studio
Highest known parent: Caviar Group. The sources do not say who stands above it.
Owners 1
- Caviar Groupparent90%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 2 entries · 4,350 EUR awarded · 4,350 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 3,750 EUR | 3,750 EUR |
| 2023 | 1 | 600 EUR | 600 EUR |
Recognitions · licences · registrations
Legal Entity Identifier
549300E7026VSO545J57
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Signature
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Of 9,864 companies in sector 73110 we hold annual accounts for 3,758. 2,909 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
Founded05-11-2008
Fiscal year end31-12
Abbreviation NL
ILA
Activities, NACEBEL 2025
73110Advertising agencies
74201Photography, excluding press photography
Contact
E-mail
office@initials-la.comAntwerpen
E-invoicing
Reachable via Peppol
Peppol ID
0208:0807588346
Also
9925:BE0807588346
Registered
30-01-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.