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NOWHERE STUDIOS

Active
Private limited companyfounded 20224 yrs activeLouis Schmidtlaan 90, 1040 Etterbeek, BelgiumKBO/BCE: BE 0782.860.868
Summary

The computed 12-month bankruptcy probability of NOWHERE STUDIOS is 3.9% (moderate). The 2025 annual accounts show negative equity (-€13,339) and a net result of -€2,373. Equity is shrinking by ~32.9% per year across the filed fiscal years. Its solvency ranks better than 5% of 687 sector peers (fiscal year 2025). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

Checked score

Score 2025
Axes · tick = 2024
Profitability0=
Solvency0=
Growth58=
Track record94
Bankruptcy probability, 12 months
3.9% Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
balance sheet total too small for a liquidity verdict, and equity is negative.
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Signals

Six 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 date
Age against the risk zone
highest failure risk from 2 to 8 years 4 years 0 10 y
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 2025
Age of the figures
Age of the figures
9 mo
raises risk · Higher-failure-rate region
In this region companies fail more often than in the rest of the country.
KBO · registered office
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 58
Relative position
BE, all sectors
reference
Publishing activities (NACE 58)
about 30% fewer bankruptcies
← fewer bankruptcies more bankruptcies →
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
232425
2023 to 2025 · latest year -€13,339
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 10-07-2026, 21 days ahead of the deadline.
NBB · 3 filings
Deviation from the deadline
2025
21 d early
2024
29 d late
2023
30 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 3 accounts on average 7 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 37% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 10 July (3 of the last 3 filed years within 50 days of that day).
Companies Code · seven months
Position in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage

History

NOWHERE STUDIOS was incorporated on 3 March 2022 as a Private limited company.1 Total assets fell from EUR 125,166 in 2023 to EUR 2,276 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2023 and 2025

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Investigating this company? Keep it with today's facts in a case file.

Financials · fiscal year 2025, micro schema

Equity
-€13,339▼ 21.6%
2024 · -€10,966
Total assets
€2,276▲ 23.5%
2024 · €1,843
Net result
-€2,373▲ 51.0%
2024 · -€4,842
Working capital
-€13,339▼ 21.6%
2024 · -€10,966
Trend over the years

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 58, Publishing 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
Line202320242025
Operating result-€3,077--€4,348▼ 41.3%-€2,150▲ 50.6%
Net result-€8,624below the sector's middle half--€4,842below the sector's middle half▲ 43.9%-€2,373within the sector's middle half▲ 51.0%
Equity-€6,124below the sector's middle half--€10,966below the sector's middle half▼ 79.1%-€13,339below the sector's middle half▼ 21.6%
Total assets€125,166within the sector's middle half-€1,843below the sector's middle half▼ 98.5%€2,276below the sector's middle half▲ 23.5%
Debt€131,290-€12,809▼ 90.2%€15,615▲ 21.9%
Working capital-€6,124below the sector's middle half--€10,966below the sector's middle half▼ 79.1%-€13,339below the sector's middle half▼ 21.6%
Solvency-4.9%below the sector's middle half-
Current ratio0.95within the sector's middle half-
Return on assets (ROA)-6.9%within the sector's middle half-
above within below the middle half (P25 to P75) of NACE 58, Publishing 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
-€10,000-€7,500-€5,000-€2,500€0Operating result 2023: -€3,077-€3,077Net result 2023: -€8,624-€8,624Operating result 2024: -€4,348-€4,348Net result 2024: -€4,842-€4,842Operating result 2025: -€2,150-€2,150Net result 2025: -€2,373-€2,373202320242025-€10,000-€7,500-€5,000-€2,500€0Operating result 2023: -€3,077-€3,080Net result 2023: -€8,624-€8,620Operating result 2024: -€4,348-€4,350Net result 2024: -€4,842-€4,840Operating result 2025: -€2,150-€2,150Net result 2025: -€2,373-€2,370202320242025
The operating result stays negative: a loss of €2,150 in 2025 against €4,348 in 2024; the loss shrinks.
Key figures and ratios
2025 value · change against 2024
Debt ≤ 1 year
€15,615▲
2024 · €12,809
Ratios withheld: a balance sheet total of €2,276 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 7,657 companies that looked in July 2024 the way this one looks now, 8.2% went bankrupt within 24 months and 84% are still going.

  • Micro
  • 2 to 5 years old
  • negative equity
  • a loss of 10% of the balance sheet or more
8.2% went bankrupt
5.3% stopped otherwise
84% 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 3.9% 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%.

The companies in ten equal groups, from lowest to highest expected share.
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 7,657 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 26 lines
Balance sheet Code20242025
Assets
Total assets20/58€1,843€2,276▲
Current assets29/58€1,843€2,276▲
Amounts receivable within one year40/41€1,459€1,313▼
Other amounts receivable41€1,459€1,313▼
Cash at bank and in hand54/58€384€963▲
Equity and liabilities
Total equity and liabilities10/49€1,843€2,276▲
Equity10/15-€10,966-€13,339▼
Contributions10/11€2,500€2,500=
Profit (loss) carried forward14-€13,466-€15,839▼
Amounts payable17/49€12,809€15,615▲
Amounts payable within one year42/48€12,809€15,615▲
Trade debts44€223€88▼
Suppliers440/4€223€88▼
Taxes, remuneration and social security45€10,850-
Remuneration and social security454/9€10,850-
Other amounts payable47/48€1,736€15,527▲
Income statement Code20242025
Other operating charges640/8€471€400▼
Gross operating margin9900-€3,878-€1,750▲
Operating profit (loss)9901-€4,348-€2,150▲
Financial charges65/66B€494€224▼
Recurring financial charges65€494€224▼
Profit (loss) for the period before taxes9903-€4,842-€2,373▲
Profit (loss) for the period9904-€4,842-€2,373▲
Profit (loss) for the period to be appropriated9905-€4,842-€2,373▲
Appropriation of the result
Profit (loss) to be appropriated9906-€13,466-€15,839▼
Profit (loss) brought forward from the previous period14P-€8,624-€13,466▼

The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line202320242025Change
Other operating charges640/8€348€471€400▼ 15.0%
Gross operating margin9900-€2,729-€3,878-€1,750▲ 54.9%
Operating profit (loss)9901-€3,077-€4,348-€2,150▲ 50.6%
Financial income75/76B€349---
Recurring financial income75€349---
Financial charges65/66B€5,896€494€224▼ 54.7%
Recurring financial charges65€5,896€494€224▼ 54.7%
Profit (loss) for the period before taxes9903-€8,624-€4,842-€2,373▲ 51.0%
Profit (loss) for the period9904-€8,624-€4,842-€2,373▲ 51.0%
Profit (loss) for the period to be appropriated9905-€8,624-€4,842-€2,373▲ 51.0%
Line202320242025Change
Assets
Total assets20/58€125,166€1,843€2,276▲ 23.5%
Current assets29/58€125,166€1,843€2,276▲ 23.5%
Amounts receivable within one year40/41€118,838€1,459€1,313▼ 10.0%
Trade receivables40€118,123---
Other amounts receivable41€715€1,459€1,313▼ 10.0%
Cash at bank and in hand54/58€6,328€384€963▲ 151%
Equity and liabilities
Total equity and liabilities10/49€125,166€1,843€2,276▲ 23.5%
Equity10/15-€6,124-€10,966-€13,339▼ 21.6%
Contributions10/11€2,500€2,500€2,500=
Profit (loss) carried forward14-€8,624-€13,466-€15,839▼ 17.6%
Amounts payable17/49€131,290€12,809€15,615▲ 21.9%
Amounts payable within one year42/48€131,290€12,809€15,615▲ 21.9%
Trade debts44€118,054€223€88▼ 60.3%
Suppliers440/4€118,054€223€88▼ 60.3%
Taxes, remuneration and social security45€10,850€10,850--
Remuneration and social security454/9€10,850€10,850--
Other amounts payable47/48€2,386€1,736€15,527▲ 794%
Line202320242025Change
Profit (loss) for the period9904-€8,624-€4,842-€2,373▲ 51.0%
Operating cash flow (approximation)-€8,624-€4,842-€2,373▲ 51.0%
Change in cash--€5,944€579▲ 110%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
10-07
NBB filing Annual accounts filed
fiscal year 2025 · micro schema
2025
29-08
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
01-07
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
NBB filing
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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Directors · office · real estate

Directors
1 act for this company is 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, Etterbeek · 1 establishment unit since 2022
seat establishment The establishment unit on the map
Ground area
553 m²
Building footprint
216 m²
Volume, LiDAR
6,109 m³
Parcel 21363B0321/00T000, Brussels · tallest building 32.7 m, ±10 floors. Linked by address, not a title deed.
10 companies at this address See who is registered here
1 establishment unit
NOWHERE STUDIOS
Louis Schmidtlaan 90, 1040 EtterbeekWholesale trade
since 20222.331.159.329
1 parcel
Brussels 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21363B0321/00T000 Brussels 553 m² 1 · 216 m² 32.7 m · 10 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.

Similar companies · same sector and region

This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 169 companies in sector 58210 we hold annual accounts for 59. See the whole sector

Identification & contact

Identification
Legal formPrivate limited company
Founded03-03-2022
Fiscal year end31-12
Activities, NACEBEL 2025
58210Publishing activities
E-invoicing
Reachable via Peppol
Peppol ID 0208:0782860868
Also 9925:BE0782860868
Registered 04-12-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 28 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.