RETAIL STUDIO
ActiveSummary
RETAIL STUDIO has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €7.9m and a net result of -€69,252. Equity is growing by ~58.1% per year across the filed fiscal years. Its solvency ranks better than 80% of 3241 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability23▼-5
Solvency100=
Growth78=
Track record94
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €550,000 at 30 days acceptable
Liquidity ample (current ratio 18.47 against 36.73 in 2024; short-term debt: 5.2% and cash: 7.2% of total assets), and 14.7% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
85.3%
Return on assets
-0.7%
Age of the figures
9 mo
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 · 4 filingsDeviation from the deadline
2025
21 d early
2024
8 d early
2023
36 d early
2022
18 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 21 days before the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% 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 12 July (4 of the last 4 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, full schema
In the rankings
#2 company by equity in La Hulpe, Professional and technical services sector#4 company by total assets in La Hulpe, Professional and technical services sector
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€69,252▼ 90.8%
2024 · -€36,298
Working capital
€8.5m▲ 26.5%
2024 · €6.7m
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy 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
Line2022202320242025
Operating result-€154,654--€27,557▲ 82.2%€3,549-€11,830
Net result-€161,242below the sector's middle half--€47,876below the sector's middle half▲ 70.3%-€36,298below the sector's middle half▲ 24.2%-€69,252below the sector's middle half▼ 90.8%
Equity-€96,379below the sector's middle half-€3.4mabove the sector's middle half€5.4mabove the sector's middle half▲ 58.2%€7.9mabove the sector's middle half▲ 45.7%
Total assets€981,445within the sector's middle half-€4.2mwithin the sector's middle half▲ 326%€7.2mabove the sector's middle half▲ 73.4%€9.3mwithin the sector's middle half▲ 28.0%
Debt€1.1m-€746,928▼ 30.7%€1.8m▲ 143%€1.4m▼ 24.8%
Working capital-€396,081below the sector's middle half-€3.7mabove the sector's middle half€6.7mabove the sector's middle half▲ 82.3%€8.5mabove the sector's middle half▲ 26.5%
Solvency-9.8%below the sector's middle half-82.1%above the sector's middle half▲ 92.0pp75.0%within the sector's middle half▼ 7.2pp85.3%above the sector's middle half▲ 10.3pp
Current ratio0.63within the sector's middle half-35.12above the sector's middle half▲ 34.4936.73above the sector's middle half▲ 1.6018.47above the sector's middle half▼ 18.26
Return on assets (ROA)-16.4%below the sector's middle half--1.1%below the sector's middle half▲ 15.3pp-0.5%below the sector's middle half▲ 0.6pp-0.7%below the sector's middle half▼ 0.2pp
Staff (FTE)1.3within the sector's middle half1.6within the sector's middle half▲ 23.1%1within the sector's middle half▼ 37.5%
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €11,830 after €3,549 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €9.3m
Fixed assets
€297,604 ▼ 11.7%
Current assets
€9.0m ▲ 30.1%
Equity and liabilities €9.3m
Equity
€7.9m ▲ 45.7%
Debt
€1.4m ▼ 24.8%
Debt's share of the balance-sheet total falls from 25.0% to 14.7%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€40,488▼
2024 · €54,412
Cash flow
-€16,933▼
2024 · €14,564
Debt to equity
0.17▼
2024 · 0.33
ROE
-0.9%▼
2024 · -0.7%
Interest coverage
0.67▼
2024 · 1.23
Debt ≤ 1 year
€485,969▲
2024 · €187,922
Debt > 1 year
€877,366▼
2024 · €1.6m
Staff costs
€14,040▼
2024 · €120,106
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,148 companies that looked in July 2024 the way this one looks now, 2.1% went bankrupt within 24 months and 92% are still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a small loss
2.1%
went bankrupt
5.8%
stopped otherwise
92%
still going
A further 0.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.3% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
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 2,148 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 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €0 | - | - |
| Remuneration, social security and pensions62 | - | €93,510 | €120,106 | €14,040 | ▼ 88.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,220 | €45,107 | €50,862 | €52,318 | ▲ 2.9% |
| Other operating charges640/8 | €9,679 | €36,939 | €32,443 | €20,070 | ▼ 38.1% |
| Non-recurring operating charges66A | - | - | €13,587 | €7,989 | ▼ 41.2% |
| Gross operating margin9900 | -€136,756 | €147,999 | €220,548 | €82,587 | ▼ 62.6% |
| Operating profit (loss)9901 | -€154,654 | -€27,557 | €3,549 | -€11,830 | ▼ 433% |
| Financial income75/76B | €138 | €3,218 | €4,459 | €3,300 | ▼ 26.0% |
| Recurring financial income75 | €138 | €3,218 | €4,459 | €3,300 | ▼ 26.0% |
| Financial charges65/66B | €6,725 | €23,537 | €44,306 | €60,721 | ▲ 37.0% |
| Recurring financial charges65 | €6,725 | €23,537 | €44,306 | €60,721 | ▲ 37.0% |
| Profit (loss) for the period before taxes9903 | -€161,242 | -€47,876 | -€36,298 | -€69,252 | ▼ 90.8% |
| Profit (loss) for the period9904 | -€161,242 | -€47,876 | -€36,298 | -€69,252 | ▼ 90.8% |
| Profit (loss) for the period to be appropriated9905 | -€161,242 | -€47,876 | -€36,298 | -€69,252 | ▼ 90.8% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €981,445 | €4.2m | €7.2m | €9.3m | ▲ 28.0% |
| Formation expenses20 | €864 | €7,847 | €11,075 | €7,999 | ▼ 27.8% |
| Fixed assets21/28 | €299,789 | €383,600 | €337,073 | €297,604 | ▼ 11.7% |
| Intangible fixed assets21 | €175,240 | €258,171 | €212,460 | €174,243 | ▼ 18.0% |
| Tangible fixed assets22/27 | €1,549 | €2,429 | €1,395 | €362 | ▼ 74.1% |
| Furniture and vehicles24 | €1,549 | €2,429 | €1,395 | €362 | ▼ 74.1% |
| Financial fixed assets28 | €123,000 | €123,000 | €123,218 | €123,000 | ▼ 0.2% |
| Current assets29/58 | €680,791 | €3.8m | €6.9m | €9.0m | ▲ 30.1% |
| Amounts receivable within one year40/41 | €644,914 | €3.6m | €5.9m | €8.3m | ▲ 40.7% |
| Trade receivables40 | €13,811 | €7,445 | €38,179 | €316,274 | ▲ 728% |
| Other amounts receivable41 | €631,103 | €3.6m | €5.9m | €8.0m | ▲ 36.2% |
| Cash at bank and in hand54/58 | €34,328 | €168,885 | €993,240 | €669,823 | ▼ 32.6% |
| Deferred charges and accrued income490/1 | €1,550 | €2,788 | €5,161 | €2,291 | ▼ 55.6% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €981,445 | €4.2m | €7.2m | €9.3m | ▲ 28.0% |
| Equity10/15 | -€96,379 | €3.4m | €5.4m | €7.9m | ▲ 45.7% |
| Contributions10/11 | €62,000 | €3.6m | €5.7m | €8.2m | ▲ 45.0% |
| Capital10 | €62,000 | €3.6m | €5.7m | €8.2m | ▲ 45.0% |
| Issued capital100 | €62,000 | €3.6m | €5.7m | €8.2m | ▲ 45.0% |
| Profit (loss) carried forward14 | -€161,242 | -€209,118 | -€245,415 | -€314,667 | ▼ 28.2% |
| Investment grants15 | €2,862 | €11,645 | €8,345 | €5,045 | ▼ 39.5% |
| Amounts payable17/49 | €1.1m | €746,928 | €1.8m | €1.4m | ▼ 24.8% |
| Amounts payable after more than one year17 | - | €633,583 | €1.6m | €877,366 | ▼ 46.0% |
| Financial debts170/4 | - | €633,583 | €1.6m | €877,366 | ▼ 46.0% |
| Amounts payable within one year42/48 | €1.1m | €107,905 | €187,922 | €485,969 | ▲ 159% |
| Current portion of amounts payable after more than one year42 | - | €26,417 | €111,914 | €115,998 | ▲ 3.6% |
| Trade debts44 | €258,902 | €70,669 | €67,884 | €71,949 | ▲ 6.0% |
| Suppliers440/4 | €258,902 | €70,669 | €67,884 | €71,949 | ▲ 6.0% |
| Taxes, remuneration and social security45 | - | €10,819 | €8,124 | €3,965 | ▼ 51.2% |
| Remuneration and social security454/9 | - | €10,819 | €8,124 | €3,965 | ▼ 51.2% |
| Other amounts payable47/48 | €817,970 | €0 | - | €294,057 | - |
| Accrued charges and deferred income492/3 | €952 | €5,440 | €1,103 | €855 | ▼ 22.4% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€161,242 | -€47,876 | -€36,298 | -€69,252 | ▼ 90.8% |
| + Depreciation and write-downs630 | €8,220 | €45,107 | €50,862 | €52,318 | ▲ 2.9% |
| Operating cash flow (approximation) | -€153,022 | -€2,769 | €14,564 | -€16,933 | ▼ 216% |
| Investment in fixed assets (approximation) | - | -€128,918 | -€4,335 | -€12,850 | ▼ 196% |
| Change in cash | - | €134,557 | €824,356 | -€323,418 | ▼ 139% |
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
Next filing, fiscal year 2026, expected by
2026
10-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
06-07
State Gazette act
Capital & shares · Statutes amendmentAuditor report · Capital increase · Share issue10 facts ▸
State Gazette act
Capital & shares · Statutes amendment
Auditor report · Capital increase · Share issue10 facts ▸
- General meeting, 29-06-2026
- Other statement, unanimité des voix, dispense lecture et renonciation délais communication rapports
- Auditor report, EUR, mission réviseur entreprises apport nature et quasi-apport Institut Réviseurs Entreprises
- Capital increase, €1.777.087
- Share issue, 14342, EUR
- Capital, €10.004.013
- Statutes amendment, 5
- Capital, €10.004.013
- Power of attorney
- Power of attorney, Marie THIEBAUT
2025
23-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Equity above €5mEq €5.4m ▲58.2%
Equity rises from €3.4m to €5.4m.
25-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Liquidity times 56current ratio 35.12
Current ratio from 0.63 to 35.12; short-term debt falls from €1.1m to €107,905.
31-12
Financial
Equity above €2mEq €3.4m
Equity rises from -€96,379 to €3.4m.
13-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 12 acts read
About the unread acts
Of the 12 Belgian State Gazette acts we know for this company, 1 has been read. The other 11 have not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
12 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, La Hulpe · 1 establishment unit since 2022
Ground area
5.5 ha
Building footprint
1.5 ha
Volume, LiDAR
150,696 m³
Parcel 25050E0040/00S000, Wallonia · tallest building 21.1 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
RETAIL STUDIO
since 20222.331.297.604
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25050E0040/00S000 ProtectedSite or landscape |
Wallonia | 5.5 ha | 1 · 1.5 ha | 21.1 m · 3 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Structure & network
Owners and holdings
3 owners · 2 holdingsOwners 3
-
23.8%
- 12.05%
- Sourceaccounts ANIT 31-03-20261.9%
Holdings 2
-
100%
-
100%
According to the 2025 annual accounts of RETAIL STUDIO and those 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.
Similar companies · same sector, comparable size
ADB AGROVISIE
BE 0821.660.373
Dendermonde · Eq €7,918,709
MATTERHOOD
BE 0685.577.588
Antwerpen · Eq €7,914,706
BUEN CAMINO
BE 0754.476.985
Aalst · Eq €7,911,249
DEVELOPING INITIATIVES
BE 0473.850.047
Tubize · Eq €7,904,321
MARC GUNS
BE 0464.319.303
Westerlo · Eq €7,936,828
Of 82,642 companies in sector 70200 we hold annual accounts for 52,629. 8,141 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded02-05-2022
Fiscal year end31-12
Activities, NACEBEL 2025
70100Activities of head offices
70200Business and other management consultancy
73300Public relations and communication consultancy
82300Organisation of conventions and trade shows
E-invoicing
Reachable via Peppol
Peppol ID
0208:0785624774
Registered
27-03-2026
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.