RISING SUN STUDIO
ActiveSummary
RISING SUN STUDIO has been active since 1998 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €93k and a net result of €4k. Equity is growing by ~7.2% per year across the filed fiscal years. Its solvency ranks better than 29% of 2003 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability41▼-29
Solvency46▲+2
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity short (current ratio 0.87 against 0.72 in 2024; short-term debt: 33.9% and cash: 26.2% of total assets), and 79.5% of the assets are financed with debt.
Credit check for your own amount and term
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 90
Relative position
BE, all sectors
reference
Arts creation and performing arts activities (NACE 90)
about 58% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
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
20.5%
Return on assets
0.8%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 10 filingsDeviation from the deadline
2025
31 d late
2024
31 d late
2023
60 d late
2022
17 d late
2021
60 d late
2020
29 d late
2019
122 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€93k▲ 3.9%
2024 · €90k
2018: €59k
2019: €62k▲ +6.2% vs 2018
2020: €34k▼ -44.9% vs 2019lowest in 8 years
2021: €73k▲ +111% vs 2020
2022: €76k▲ +4.1% vs 2021
2023: €83k▲ +9.9% vs 2022
2024: €90k▲ +7.7% vs 2023
2025: €93k▲ +3.9% vs 2024highest in 8 years
2018 → 2025
Total assets
€453k▼ 5.8%
2024 · €481k
2018: €628k
2019: €647k▲ +3.1% vs 2018highest in 8 years
2020: €601k▼ -7.2% vs 2019
2021: €581k▼ -3.2% vs 2020
2022: €568k▼ -2.3% vs 2021
2023: €519k▼ -8.6% vs 2022
2024: €481k▼ -7.3% vs 2023
2025: €453k▼ -5.8% vs 2024lowest in 8 years
2018 → 2025
Net result
€4k▼ 43.0%
2024 · €7k
2018: €3k
2019: €9k▲ +198% vs 2018
2020: €-28k▼ -411% vs 2019lowest in 8 years
2021: €44k▲ +257% vs 2020highest in 8 years
2022: €3k▼ -92.5% vs 2021
2023: €8k▲ +138% vs 2022
2024: €7k▼ -13.9% vs 2023
2025: €4k▼ -43.0% vs 2024
2018 → 2025
Working capital
€-21k▲ 62.9%
2024 · €-55k
2018: €49khighest in 8 years
2019: €39k▼ -18.9% vs 2018
2020: €3k▼ -92.7% vs 2019
2021: €22k▲ +667% vs 2020
2022: €-2k▼ -110% vs 2021
2023: €-25k▼ -1045% vs 2022
2024: €-55k▼ -125% vs 2023lowest in 8 years
2025: €-21k▲ +62.9% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€73k-€76k▲ 4.1%€83k▲ 9.9%€90k▲ 7.7%€93k▲ 3.9%
2021: €73klowest in 5 years
2022: €76k▲ +4.1% vs 2021
2023: €83k▲ +9.9% vs 2022
2024: €90k▲ +7.7% vs 2023
2025: €93k▲ +3.9% vs 2024highest in 5 years
Operating result€51k-€11k▼ 79.0%€13k▲ 21.5%€14k▲ 11.3%€23k▲ 61.8%
2021: €51khighest in 5 years
2022: €11k▼ -79.0% vs 2021lowest in 5 years
2023: €13k▲ +21.5% vs 2022
2024: €14k▲ +11.3% vs 2023
2025: €23k▲ +61.8% vs 2024
Net result€44k-€3k▼ 92.5%€8k▲ 138%€7k▼ 13.9%€4k▼ 43.0%
2021: €44khighest in 5 years
2022: €3k▼ -92.5% vs 2021lowest in 5 years
2023: €8k▲ +138% vs 2022
2024: €7k▼ -13.9% vs 2023
2025: €4k▼ -43.0% vs 2024
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 three years in a row; 2025 is 62% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €453k
Fixed assets
€320k ▼ 5.1%
Current assets
€133k ▼ 7.3%
Equity and liabilities €453k
Equity
€93k ▲ 3.9%
Provisions
€2k ▼ 6.5%
Debt
€358k ▼ 8.0%
Debt's share of the balance-sheet total falls from 80.9% to 78.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€41k▲
2024 · €33k
Cash flow
€21k▼
2024 · €25k
Current ratio
0.87▲
2024 · 0.72
Debt to equity
3.84▼
2024 · 4.34
ROE
4.1%▼
2024 · 7.5%
ROA
0.8%▼
2024 · 1.4%
Interest coverage
2.49▼
2024 · 10.22
Debt ≤ 1 year
€154k▼
2024 · €199k
Debt > 1 year
€187k=
2024 · €187k
Income taxes
€4k▼
2024 · €6k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 51 lines
Balance sheet
Code20242025
Assets
Total assets20/58€481k€453k▼
Fixed assets21/28€337k€320k▼
Tangible fixed assets22/27€337k€320k▼
Land and buildings22€327k€312k▼
Plant, machinery and equipment23€5k€4k▼
Furniture and vehicles24€5k€4k▼
Current assets29/58€144k€133k▼
Amounts receivable within one year40/41€19k€15k▼
Trade receivables40€19k€15k▼
Other amounts receivable41€96€0▼
Cash at bank and in hand54/58€124k€119k▼
Deferred charges and accrued income490/1€302€115▼
Equity and liabilities
Total equity and liabilities10/49€481k€453k▼
Equity10/15€90k€93k▲
Contributions10/11€19k€19k=
Reserves13€30k€30k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€28k€28k=
Profit (loss) carried forward14€36k€40k▲
Investment grants15€5k€5k▼
Provisions and deferred taxes16€3k€2k▼
Deferred taxes168€3k€2k▼
Amounts payable17/49€389k€358k▼
Amounts payable after more than one year17€187k€187k=
Financial debts170/4€187k€187k=
Amounts payable within one year42/48€199k€154k▼
Current portion of amounts payable after more than one year42€48k€0▼
Trade debts44€13k€12k▼
Suppliers440/4€13k€12k▼
Advances received on contracts in progress46€126-
Taxes, remuneration and social security45€3k€4k▲
Taxes450/3€3k€4k▲
Other amounts payable47/48€135k€138k▲
Accrued charges and deferred income492/3€3k€17k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€18k€17k▼
Other operating charges640/8€18k€10k▼
Non-recurring operating charges66A-€-3k
Gross operating margin9900€51k€47k▼
Operating profit (loss)9901€14k€23k▲
Financial income75/76B€2k€678▼
Recurring financial income75€2k€678▼
Financial charges65/66B€3k€16k▲
Recurring financial charges65€3k€16k▲
Profit (loss) for the period before taxes9903€13k€8k▼
Transfer from deferred taxes780€165€165=
Income taxes67/77€6k€4k▼
Profit (loss) for the period9904€7k€4k▼
Profit (loss) for the period to be appropriated9905€7k€4k▼
Appropriation of the result
Profit (loss) to be appropriated9906€36k€40k▲
Profit (loss) brought forward from the previous period14P€29k€36k▲
The notes to these accounts (13 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €27k | €18k | €17k | €18k | €17k | ▼ 4.6% |
| Other operating charges640/8 | €6k | €5k | €13k | €18k | €10k | ▼ 46.6% |
| Non-recurring operating charges66A | - | - | - | - | €-3k | - |
| Gross operating margin9900 | €84k | €33k | €44k | €51k | €47k | ▼ 7.5% |
| Operating profit (loss)9901 | €51k | €11k | €13k | €14k | €23k | ▲ 61.8% |
| Financial income75/76B | €301 | €291 | €1k | €2k | €678 | ▼ 60.1% |
| Recurring financial income75 | €301 | €291 | €1k | €2k | €678 | ▼ 60.1% |
| Financial charges65/66B | €4k | €9k | €4k | €3k | €16k | ▲ 414% |
| Recurring financial charges65 | €4k | €9k | €4k | €3k | €16k | ▲ 414% |
| Profit (loss) for the period before taxes9903 | €48k | €2k | €10k | €13k | €8k | ▼ 40.5% |
| Transfer from deferred taxes780 | €165 | €165 | €165 | €165 | €165 | = |
| Income taxes67/77 | €4k | €-1k | €2k | €6k | €4k | ▼ 37.0% |
| Profit (loss) for the period9904 | €44k | €3k | €8k | €7k | €4k | ▼ 43.0% |
| Profit (loss) for the period to be appropriated9905 | €44k | €3k | €8k | €7k | €4k | ▼ 43.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €581k | €568k | €519k | €481k | €453k | ▼ 5.8% |
| Fixed assets21/28 | €376k | €358k | €345k | €337k | €320k | ▼ 5.1% |
| Tangible fixed assets22/27 | €376k | €358k | €345k | €337k | €320k | ▼ 5.1% |
| Land and buildings22 | €367k | €353k | €341k | €327k | €312k | ▼ 4.5% |
| Plant, machinery and equipment23 | €43 | €0 | €1k | €5k | €4k | ▼ 26.6% |
| Furniture and vehicles24 | €8k | €5k | €2k | €5k | €4k | ▼ 20.7% |
| Other tangible fixed assets26 | €0 | €0 | - | - | - | - |
| Current assets29/58 | €205k | €210k | €174k | €144k | €133k | ▼ 7.3% |
| Amounts receivable within one year40/41 | €28k | €54k | €20k | €19k | €15k | ▼ 24.8% |
| Trade receivables40 | €27k | €54k | €20k | €19k | €15k | ▼ 24.4% |
| Other amounts receivable41 | €37 | €47 | €108 | €96 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €177k | €155k | €155k | €124k | €119k | ▼ 4.4% |
| Deferred charges and accrued income490/1 | €364 | €0 | - | €302 | €115 | ▼ 61.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €581k | €568k | €519k | €481k | €453k | ▼ 5.8% |
| Equity10/15 | €73k | €76k | €83k | €90k | €93k | ▲ 3.9% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Outside capital11 | €19k | - | - | - | - | - |
| Other1109/19 | €19k | - | - | - | - | - |
| Reserves13 | €30k | €30k | €30k | €30k | €30k | = |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | €2k | = |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €2k | €2k | = |
| Distributable reserves133 | €28k | €28k | €28k | €28k | €28k | = |
| Profit (loss) carried forward14 | €18k | €21k | €29k | €36k | €40k | ▲ 10.7% |
| Investment grants15 | €6k | €6k | €6k | €5k | €5k | ▼ 5.5% |
| Provisions and deferred taxes16 | €3k | €3k | €3k | €3k | €2k | ▼ 6.5% |
| Deferred taxes168 | €3k | €3k | €3k | €3k | €2k | ▼ 6.5% |
| Amounts payable17/49 | €505k | €489k | €433k | €389k | €358k | ▼ 8.0% |
| Amounts payable after more than one year17 | €319k | €274k | €231k | €187k | €187k | = |
| Financial debts170/4 | €319k | €274k | €231k | €187k | €187k | = |
| Amounts payable within one year42/48 | €183k | €212k | €199k | €199k | €154k | ▼ 22.8% |
| Current portion of amounts payable after more than one year42 | €43k | €49k | €47k | €48k | €0 | ▼ 100% |
| Trade debts44 | €9k | €41k | €26k | €13k | €12k | ▼ 6.0% |
| Suppliers440/4 | €9k | €41k | €26k | €13k | €12k | ▼ 6.0% |
| Advances received on contracts in progress46 | - | - | - | €126 | - | - |
| Taxes, remuneration and social security45 | €13k | €4k | €4k | €3k | €4k | ▲ 20.4% |
| Taxes450/3 | €13k | €4k | €4k | €3k | €4k | ▲ 20.4% |
| Other amounts payable47/48 | €118k | €118k | €122k | €135k | €138k | ▲ 2.0% |
| Accrued charges and deferred income492/3 | €3k | €3k | €3k | €3k | €17k | ▲ 458% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €44k | €3k | €8k | €7k | €4k | ▼ 43.0% |
| + Depreciation and write-downs630 | €27k | €18k | €17k | €18k | €17k | ▼ 4.6% |
| Operating cash flow (approximation) | €71k | €21k | €25k | €25k | €21k | ▼ 15.0% |
| Investment in fixed assets (approximation) | - | €0 | €-4k | €-11k | €0 | ▲ 100% |
| Change in cash | - | €-22k | €-390 | €-31k | €-5k | ▲ 82.1% |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
29-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 60 days late
2023
17-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 17 days late
2022
29-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 60 days late
2021
31-12
Financial
Back to profitnet €44k
Net result €44k after one loss-making year.
29-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 29 days late
2020
31-12
Financial
Weakest financial yearnet €-28k
Net result drops to €-28k, the lowest in the series; recovery starts the following year.
30-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 122 days late
2019
20-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 51 days late
2018
27-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 58 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Mont-Saint-Guibert · 3 establishment units since 1998
Ground area
1,382 m²
Building footprint
825 m²
Volume, LiDAR
4,417 m³
3 parcels, Brussels, Wallonia · tallest building 13.2 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
3 establishment units
Avenue de l'Etang 15, 1435 Mont-Saint-Guibert
since 19982.086.499.890
Boogschuttersstraat 19 2, 1081 Koekelberg
since 19982.086.499.791
RISING SUN
since 20102.198.231.024
3 parcels
Wallonia
1
(33.3%)
Brussels
2
(66.7%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25040A0012/00L010 | Wallonia | 694 m² | 1 · 139 m² | 4.8 m · 1 fl. |
| 21492B0282/00T000 | Brussels | 391 m² | 1 · 389 m² | 13.2 m · 2 fl. |
| 21492B0068/00C005 | Brussels | 296 m² | 1 · 297 m² | 11.8 m · 1 fl. |
Linked by address, not proof of ownership
Good to know
3 of 3 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 3,393 companies in sector 90393 we hold annual accounts for 939. 756 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
Founded31-03-1998
Fiscal year end31-12
Activities, NACEBEL 2025
90393Specialised image, lighting and sound technical services
68203Renting and operating of own or leased non-residential real estate, excluding land
Contact
E-mail
rcoclet@yahoo.frMont-Saint-Guibert
Scores and ratios are computed by Checked and are not a credit decision.