Kobold-studio
ActiveSummary
Kobold-studio has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €34,755 and a net result of €14,185. Equity is growing by ~54.1% per year across the filed fiscal years. Its solvency ranks better than 62% of 4345 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
Axes · tick = 2023
Profitability100▲+23
Solvency87▲+23
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3,000 at 30 days acceptable
Liquidity ample (current ratio 2.14 against 1.65 in 2023; short-term debt: 38% and cash: 67.6% of total assets), and 38% 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 · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 74
Relative position
BE, all sectors
reference
Other professional, scientific and technical activities (NACE 74)
about 48% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
62%
Return on assets
25.3%
Age of the figures
21 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 6 filingsDeviation from the deadline
2025
not confirmed
2024
61 d late
2023
21 d early
2022
22 d late
2021
138 d late
2020
30 d late
2019
91 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 54 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 38% of the sector filed late.
Checked, nothing found (1)
History
Go further with this company
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Financials · fiscal year 2024, micro schema
Equity
€34,755▲ 69.0%
2023 · €20,570
Total assets
€56,049▲ 7.2%
2023 · €52,265
Net result
€14,185▲ 334%
2023 · €3,272
Working capital
€24,214▲ 17.7%
2023 · €20,570
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 74, Other professional, scientific and technical 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
Operating result€7,046€10,587▲ 50.3%-€6,178€6,048€17,948▲ 197%
Net result€4,320within the sector's middle half€6,412within the sector's middle half▲ 48.4%-€7,083below the sector's middle half€3,272within the sector's middle half€14,185within the sector's middle half▲ 334%
Equity€6,369below the sector's middle half▲ 211%€11,981within the sector's middle half▲ 88.1%€4,898below the sector's middle half▼ 59.1%€20,570within the sector's middle half▲ 320%€34,755within the sector's middle half▲ 69.0%
Total assets€37,201below the sector's middle half▼ 16.5%€38,819below the sector's middle half▲ 4.3%€27,728below the sector's middle half▼ 28.6%€52,265within the sector's middle half▲ 88.5%€56,049within the sector's middle half▲ 7.2%
Debt€30,832▼ 27.5%€26,837▼ 13.0%€22,830▼ 14.9%€31,695▲ 38.8%€21,294▼ 32.8%
Working capital-€1,708within the sector's middle half▲ 30.5%€3,880within the sector's middle half-€2,601below the sector's middle half€20,570within the sector's middle half€24,214within the sector's middle half▲ 17.7%
Solvency17.1%within the sector's middle half▲ 12.5pp30.9%within the sector's middle half▲ 13.7pp17.7%within the sector's middle half▼ 13.2pp39.4%within the sector's middle half▲ 21.7pp62.0%within the sector's middle half▲ 22.7pp
Current ratio0.90below the sector's middle half▲ 0.011.21within the sector's middle half▲ 0.310.89below the sector's middle half▼ 0.321.65within the sector's middle half▲ 0.762.14within the sector's middle half▲ 0.49
Return on assets (ROA)11.6%within the sector's middle half▲ 20.9pp16.5%within the sector's middle half▲ 4.9pp-25.5%below the sector's middle half▼ 42.1pp6.3%within the sector's middle half▲ 31.8pp25.3%within the sector's middle half▲ 19.0pp
above
within
below
the middle half (P25 to P75) of NACE 74, Other professional, scientific and technical activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 197% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €56,049
Fixed assets
€10,541
Current assets
€45,508
Equity and liabilities €56,049
Equity
€34,755 ▲ 69.0%
Debt
€21,294 ▼ 32.8%
Debt's share of the balance-sheet total falls from 60.6% to 38.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€19,066▲
2023 · €13,547
Cash flow
€15,303▲
2023 · €10,771
Debt to equity
0.61▼
2023 · 1.54
ROE
40.8%▲
2023 · 15.9%
Interest coverage
116.97▲
2023 · 80.64
Debt ≤ 1 year
€21,294▼
2023 · €31,695
Income taxes
€3,600▲
2023 · €2,608
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,975 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.6%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.1% 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 497,338 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 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% 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 26,975 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,725 | €8,239 | €8,305 | €7,499 | €1,118 | ▼ 85.1% |
| Other operating charges640/8 | - | €543 | €868 | €384 | €5,999 | ▲ 1,462% |
| Gross operating margin9900 | €14,576 | €19,370 | €2,995 | €13,931 | €25,065 | ▲ 79.9% |
| Operating profit (loss)9901 | €7,046 | €10,587 | -€6,178 | €6,048 | €17,948 | ▲ 197% |
| Financial income75/76B | - | - | €405 | - | - | - |
| Recurring financial income75 | - | - | €405 | - | - | - |
| Financial charges65/66B | - | €809 | €169 | €168 | €163 | ▼ 3.0% |
| Recurring financial charges65 | €899 | €809 | €169 | €168 | €163 | ▼ 3.0% |
| Profit (loss) for the period before taxes9903 | €6,147 | €9,779 | -€5,942 | €5,880 | €17,785 | ▲ 202% |
| Income taxes67/77 | €1,826 | €3,367 | €1,141 | €2,608 | €3,600 | ▲ 38.0% |
| Profit (loss) for the period9904 | €4,320 | €6,412 | -€7,083 | €3,272 | €14,185 | ▲ 334% |
| Profit (loss) for the period to be appropriated9905 | €4,320 | €6,412 | -€7,083 | €3,272 | €14,185 | ▲ 334% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €37,201 | €38,819 | €27,728 | €52,265 | €56,049 | ▲ 7.2% |
| Fixed assets21/28 | €21,328 | €16,354 | €7,499 | - | €10,541 | - |
| Tangible fixed assets22/27 | €20,778 | €15,804 | €7,499 | - | €10,541 | - |
| Furniture and vehicles24 | - | €4,098 | €1,646 | - | €10,541 | - |
| Leasing and similar rights25 | - | €11,706 | €5,853 | - | - | - |
| Financial fixed assets28 | €550 | €550 | - | - | - | - |
| Current assets29/58 | €15,873 | €22,465 | €20,229 | €52,265 | €45,508 | ▼ 12.9% |
| Amounts receivable within one year40/41 | €5,620 | €13,611 | €10,013 | €35,021 | €5,808 | ▼ 83.4% |
| Trade receivables40 | - | €13,526 | €5,069 | €35,021 | €5,808 | ▼ 83.4% |
| Other amounts receivable41 | - | €85 | €4,944 | - | - | - |
| Current investments50/53 | - | - | - | €1,800 | €1,800 | = |
| Cash at bank and in hand54/58 | €9,113 | €7,715 | €10,216 | €15,444 | €37,900 | ▲ 145% |
| Deferred charges and accrued income490/1 | - | €1,140 | - | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €37,201 | €38,819 | €27,728 | €52,265 | €56,049 | ▲ 7.2% |
| Equity10/15 | €6,369 | €11,981 | €4,898 | €20,570 | €34,755 | ▲ 69.0% |
| Contributions10/11 | - | €6,200 | €6,200 | €18,600 | €18,600 | = |
| Reserves13 | - | €5,500 | €5,500 | €5,500 | €5,500 | = |
| Distributable reserves133 | - | €5,500 | €5,500 | €5,500 | €5,500 | = |
| Profit (loss) carried forward14 | €169 | €281 | -€6,802 | -€3,530 | €10,655 | ▲ 402% |
| Amounts payable17/49 | €30,832 | €26,837 | €22,830 | €31,695 | €21,294 | ▼ 32.8% |
| Amounts payable after more than one year17 | €13,251 | €8,253 | - | - | - | - |
| Financial debts170/4 | - | €8,253 | - | - | - | - |
| Amounts payable within one year42/48 | €17,581 | €18,585 | €22,830 | €31,695 | €21,294 | ▼ 32.8% |
| Current portion of amounts payable after more than one year42 | - | €4,999 | €4,803 | - | - | - |
| Trade debts44 | €1,141 | €2,350 | €7,180 | €7,054 | €302 | ▼ 95.7% |
| Suppliers440/4 | - | €2,350 | €7,180 | €7,054 | €302 | ▼ 95.7% |
| Taxes, remuneration and social security45 | - | €11,218 | €10,847 | €12,272 | €8,853 | ▼ 27.9% |
| Taxes450/3 | - | €11,218 | €10,847 | €12,272 | €8,853 | ▼ 27.9% |
| Other amounts payable47/48 | - | €19 | - | €12,369 | €12,139 | ▼ 1.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4,320 | €6,412 | -€7,083 | €3,272 | €14,185 | ▲ 334% |
| + Depreciation and write-downs630 | €6,725 | €8,239 | €8,305 | €7,499 | €1,118 | ▼ 85.1% |
| Operating cash flow (approximation) | €11,045 | €14,651 | €1,222 | €10,771 | €15,303 | ▲ 42.1% |
| Investment in fixed assets (approximation) | - | -€3,264 | €550 | - | - | - |
| Change in cash | - | -€1,399 | €2,501 | €5,228 | €22,456 | ▲ 330% |
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
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 61 days late
2024
31-12
Financial
Highest result since 2019net €14,185 ▲334%
Operating result €17,948, net result €14,185, both a record.
10-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €3,272
Net result €3,272 after one loss-making year.
22-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 22 days late
2022
31-12
Financial
Weakest financial yearnet -€7,083
Net result drops to -€7,083, the lowest in the series; recovery starts the following year.
16-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 138 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2020
31-12
Financial
Back to profitnet €4,320
Net result €4,320 after one loss-making year.
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 91 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Rebecq · 1 establishment unit since 2019
Ground area
5,203 m²
Building footprint
253 m²
Volume, LiDAR
1,338 m³
Parcel 25090D0335/00R008, Wallonia · tallest building 7.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
SHUTERLAB
since 20192.286.583.869
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25090D0335/00R008 | Wallonia | 5,203 m² | 1 · 253 m² | 7.6 m · 2 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.
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Of 6,289 companies in sector 74120 we hold annual accounts for 1,011. 878 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
Founded15-03-2019
Fiscal year end31-12
Activities, NACEBEL 2025
74120Graphic design and visual communication
18130Pre-press and pre-media services
74201Photography, excluding press photography
90391Promotion and organisation of arts and performing arts events
E-invoicing
Reachable via Peppol
Peppol ID
0208:0722802329
Also
9925:BE0722802329
Registered
31-10-2023
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.