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Primitive Studio

Active
Private limited company (pre-2019)founded 2018active for 8 yearsSint-Annastraat 30, 1000 Brussel, BelgiumKBO/BCE: BE 0712.791.731
Summary

Primitive Studio has been active since 2018 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €211,672 and a net result of €64,589. Equity has been growing by about 28% per year since 2020. Its solvency ranks better than 72% of 22,774 sector peers (NACE 47, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Overview

Official details

Source: KBO
Status
Active since 02-11-2018 Normal situation
Activity
Retail sale of antiques NACE 47791
Establishment unit
2.282.695.456 1000 Brussel, since 02-11-2018
Financial year end
30 September
Peppol
Reachable since 11-03-2026

Board and ownership

Board
  • NAOUM KAMILDirector · since 02-11-2018

Financial position

98 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.1%
Annual accounts to 30-09-2025
Gross margin
€80,954
▼ 5.7%
Turnover
≈ €390,000
estimated
Profit
€64,589
▲ 29.0%
Equity
€211,672
▲ 30.6%
Total assets
€355,354
▲ 4.4%
Score breakdownraises riskSector: Retail trade (NACE 47)lowers riskLiquidity: current ratio 4.07, cash €252,401Equity €211,672 (59.6% of total assets)Size: total assets €355,354Show the evidence

Checked score

Score 2025
98 / 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 83% of micro companies in retail trade (NACE 47)
Financial strength · tick: 2024
Strong
Solvency 85+12
equity 59.6% of total assets
Liquidity 92+1
short-term debt 22.3% · cash 71.0%
Profitability 91+4
return on assets 18.2%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.6% (40,272 companies, NACE 47, micro)
Last 24 months 12-2024: 0.2% 01-2025: 0.2%● unchanged vs 12-2024 02-2025: 0.2%● unchanged vs 01-2025 03-2025: 0.2%● unchanged vs 02-2025 04-2025: 0.2%● unchanged vs 03-2025 05-2025: 0.4%▲ +0.2 percentage points vs 04-2025highest value 06-2025: 0.1%▼ -0.3 percentage points vs 05-2025 07-2025: 0.1%● unchanged vs 06-2025 08-2025: 0.1%● unchanged vs 07-2025 09-2025: 0.1%● unchanged vs 08-2025 10-2025: 0.1%● unchanged vs 09-2025 11-2025: 0.1%● unchanged vs 10-2025 12-2025: 0.1%● unchanged vs 11-2025 01-2026: 0.1%● unchanged vs 12-2025 02-2026: 0.1%● unchanged vs 01-2026 03-2026: 0.1%● unchanged vs 02-2026 04-2026: 0.1%● unchanged vs 03-2026 05-2026: 0.1%● unchanged vs 04-2026 06-2026: 0.1%● unchanged vs 05-2026 07-2026: 0.1%● unchanged vs 06-2026 08-2026: 0.1%● unchanged vs 07-2026 09-2026: 0.1%● unchanged vs 08-2026 10-2026: 0.1%● unchanged vs 09-2026 11-2026: 0.1%● unchanged vs 10-2026lowest value
Credit of up to €20,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 4.07 (3.58 in 2024), above the usual 1.5. Short-term debt is 22.3% and cash 71% of total assets. 40.4% of the assets are financed with debt and provisions.
Calculation

The band follows from the bankruptcy probability. 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 47, micro). It does better than 72% of them on solvency, 93% on liquidity, 86% on profitability and 79% on growth.

The bankruptcy probability was computed on 02-11-2026 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. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskraises riskneutral
lowers risk · Liquidity: current ratio 4.07, cash €252,401
NBB · annual accounts
lowers risk · Equity €211,672 (59.6% of total assets)
NBB · annual accounts
raises risk · Sector: Retail trade (NACE 47)
KBO
lowers risk · Size: total assets €355,354
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 26-04-2026, 4 days ahead of the deadline.
NBB · 6 filings
Deviation from the deadline
2025
4 days early
2024
2 days early
2023
7 days early
2022
24 days late
2021
250 days late
2020
45 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 6 accounts on average 51 days after the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The financial year that closed on 30-09-2026 is due by 30-04-2027. Nothing is late today. The company usually files around 28 April (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
30-09-2026 year end03-11-2026 today30-04-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Positive: Higher net result than 91% of companies in retail tradesector median €5,083 · 22,756 companies €64,589 View
  • Caution: Directors leftlatest change 12-11-2025 · 1 in office 2 left View
  • Positive: 6 profitable years in a rowprofit 2025: €64,589 6 years View

Recent changes

  1. · Gazette deed Resignations: Thomaes Michel (director) and Jadoulle Frédéric (director)
  2. · Gazette deed Incorporation
All 12 events

Comparable companies

These companies have the same main activity as Primitive Studio: retail sale of antiques (NACE 47791). They are comparable in size and age: total assets between €310,000 and €475,000, founded between 2015 and 2020.

CompanyTotal assetsGross margin
Primitive Studio Brussel€355,354€80,954
STANLEY'S AUCTION Schaarbeek€309,973€96,263
Antiquariaat Tanchelmus Antwerpen€313,916€77,857
GONÇALO PASCOAL Brussel€410,628€48,956
Van Aerden Antiquités Antwerpen€420,015€136,283
THOMAS DEPREZ FINE ARTS Zonnebeke€475,284€42,900
SERTHO Brugge€443,514€107,216
Full comparison

Key facts about Primitive Studio

What is the company number of Primitive Studio?
The company number of Primitive Studio is 0712.791.731. The VAT number is the same number with BE in front: BE 0712.791.731.
Where is Primitive Studio based?
The registered office is at Sint-Annastraat 30, 1000 Brussel.Company details
What does Primitive Studio do?
According to the KBO register, the main activity is retail sale of antiques (NACE 47791).
What is the legal form of Primitive Studio?
The legal form of Primitive Studio is Private limited company (pre-2019) (BVBA).
When was Primitive Studio founded?
Primitive Studio was founded on 02-11-2018.
Is Primitive Studio still active?
Yes, Primitive Studio is an active enterprise in the KBO register.
What is the turnover of Primitive Studio?
The turnover in financial year 2025 is ≈ €390,000. This figure is estimated from the gross margin of €80,954 and 44 comparable companies (NACE 477). It probably lies between €200,000 and €540,000.Financials
Is Primitive Studio profitable?
In financial year 2025, Primitive Studio made a profit of €64,589.
Where can I find the annual accounts of Primitive Studio?
Primitive Studio filed 6 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of Primitive Studio due?
Primitive Studio must file the annual accounts for financial year 2026 by 30-04-2027.Timeline

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