Set - Up Studios
ActiveSummary
The computed 12-month bankruptcy probability of Set - Up Studios is 1.5% (moderate). The 2025 annual accounts show negative equity (-€389,675) and a net result of -€1,862. Equity remains stable across the filed fiscal years (±0.8% per year). The company has been active since 1980 and the Belgian State Gazette contains no insolvency or warning signals.
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Signals
This company filed its last 7 accounts on average 111 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (2)
History
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Financials · fiscal year 2025, micro schema
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Peer companies
Historical observationOf the 6,639 companies that looked in July 2024 the way this one looks now, 4.1% went bankrupt within 24 months and 84% are still going.
- Micro
- 20 years or older
- negative equity
- a loss of 10% of the balance sheet or more
A further 2.0% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.5% 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%.
| 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 6,639 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.
| Line | 2019 | 2020 | 2021 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Goods, raw materials, services and sundry goods60/61 | - | - | €2,372 | - | - | - |
| Other operating charges640/8 | - | - | - | €2,316 | €1,265 | ▼ 45.4% |
| Gross operating margin9900 | -€4,292 | -€4,336 | -€2,372 | €1,989 | -€558 | ▼ 128% |
| Operating profit (loss)9901 | -€4,292 | -€4,336 | -€2,372 | -€327 | -€1,823 | ▼ 457% |
| Financial income75/76B | - | - | - | - | €6 | - |
| Recurring financial income75 | - | - | - | - | €6 | - |
| Financial charges65/66B | - | - | €59 | €45 | €45 | = |
| Recurring financial charges65 | €39 | €42 | €59 | €45 | €45 | = |
| Profit (loss) for the period before taxes9903 | -€4,331 | -€4,378 | -€2,431 | -€372 | -€1,862 | ▼ 400% |
| Profit (loss) for the period9904 | -€4,331 | -€4,378 | -€2,431 | -€372 | -€1,862 | ▼ 400% |
| Profit (loss) for the period to be appropriated9905 | -€4,331 | -€4,378 | -€2,431 | -€372 | -€1,862 | ▼ 400% |
| Line | 2019 | 2020 | 2021 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €14,218 | €10,406 | €8,354 | €1,739 | €2,359 | ▲ 35.7% |
| Current assets29/58 | €14,218 | €10,406 | €8,354 | €1,739 | €2,359 | ▲ 35.7% |
| Amounts receivable within one year40/41 | €312 | €618 | €618 | €618 | €45 | ▼ 92.7% |
| Trade receivables40 | - | - | €573 | €267 | - | - |
| Other amounts receivable41 | - | - | €45 | €351 | €45 | ▼ 87.1% |
| Cash at bank and in hand54/58 | €13,906 | €9,788 | €7,736 | €1,121 | €2,314 | ▲ 106% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €14,218 | €10,406 | €8,354 | €1,739 | €2,359 | ▲ 35.7% |
| Equity10/15 | -€373,528 | -€377,906 | -€380,337 | -€387,813 | -€389,675 | ▼ 0.5% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Capital10 | - | - | €18,592 | - | - | - |
| Issued capital100 | - | - | €18,592 | - | - | - |
| Reserves13 | €1,363 | €1,363 | €1,363 | €1,363 | €1,363 | = |
| Non-distributable reserves130/1 | - | - | €1,363 | - | - | - |
| Legal reserve130 | - | - | €1,363 | - | - | - |
| Distributable reserves133 | - | - | - | €1,363 | €1,363 | = |
| Profit (loss) carried forward14 | -€393,484 | -€397,861 | -€400,292 | -€407,768 | -€409,631 | ▼ 0.5% |
| Amounts payable17/49 | €387,746 | €388,312 | €388,691 | €389,552 | €392,034 | ▲ 0.6% |
| Amounts payable after more than one year17 | €5,815 | - | - | - | - | - |
| Amounts payable within one year42/48 | €381,932 | €388,312 | €388,691 | €389,552 | €392,034 | ▲ 0.6% |
| Current portion of amounts payable after more than one year42 | - | - | €15,684 | - | - | - |
| Trade debts44 | - | €1,139 | - | €670 | €652 | ▼ 2.7% |
| Suppliers440/4 | - | - | - | €670 | €652 | ▼ 2.7% |
| Other amounts payable47/48 | - | - | €373,007 | €388,882 | €391,382 | ▲ 0.6% |
| Line | 2019 | 2020 | 2021 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€4,331 | -€4,378 | -€2,431 | -€372 | -€1,862 | ▼ 400% |
| Operating cash flow (approximation) | -€4,331 | -€4,378 | -€2,431 | -€372 | -€1,862 | ▼ 400% |
| Change in cash | - | -€4,118 | -€2,051 | - | €1,193 | - |
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
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.
Directors · office · real estate
1 establishment unit
1 parcel
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11312A0649/00Z000 | Flanders | 1,981 m² | 1 · 136 m² | 16.5 m · 4 fl. |
Linked by address, not proof of ownership
Identification & contact
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
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If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.