SHAYDA STUDIO
ActiveSummary
SHAYDA STUDIO has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €4k and a net result of €6k. Equity is growing by ~25.8% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability77▲+5
Solvency30▲+7
Growth78=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit check for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
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 09-07-2026, 22 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
22 d early
2024
27 d late
2023
on the day
2022
36 d late
2021
24 d early
2020
177 d late
2019
89 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
Turnover
€15k
EBIT margin
13.4%
Net result
€6k▲ 61.5%
2024 · €4k
2018: €-664
2019: €5k▲ +901% vs 2018
2020: €2k▼ -65.5% vs 2019
2021: €-2k▼ -207% vs 2020lowest in 8 years
2022: €-705▲ +64.0% vs 2021
2023: €5k▲ +811% vs 2022
2024: €4k▼ -29.4% vs 2023
2025: €6k▲ +61.5% vs 2024highest in 8 years
2018 → 2025
Working capital
€-29k▲ 8.3%
2024 · €-31k
2018: €-24k
2019: €-19k▲ +20.7% vs 2018highest in 8 years
2020: €-29k▼ -52.7% vs 2019
2021: €-32k▼ -10.7% vs 2020
2022: €-35k▼ -9.2% vs 2021lowest in 8 years
2023: €-32k▲ +7.9% vs 2022
2024: €-31k▲ +2.7% vs 2023
2025: €-29k▲ +8.3% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€15k-
Equity€-9k-€-10k▼ 7.5%€-5k▲ 49.4%€-2k▲ 69.0%€4k
2021: €-9k
2022: €-10k▼ -7.5% vs 2021lowest in 5 years
2023: €-5k▲ +49.4% vs 2022
2024: €-2k▲ +69.0% vs 2023
2025: €4k▲ +359% vs 2024highest in 5 years
Operating result€2k-€3k▲ 44.9%€8k▲ 187%€6k▼ 22.3%€8k▲ 27.1%
2021: €2klowest in 5 years
2022: €3k▲ +44.9% vs 2021
2023: €8k▲ +187% vs 2022highest in 5 years
2024: €6k▼ -22.3% vs 2023
2025: €8k▲ +27.1% vs 2024
Net result€-2k-€-705▲ 64.0%€5k€4k▼ 29.4%€6k▲ 61.5%
2021: €-2klowest in 5 years
2022: €-705▲ +64.0% vs 2021
2023: €5k▲ +811% vs 2022
2024: €4k▼ -29.4% vs 2023
2025: €6k▲ +61.5% vs 2024highest in 5 years
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 27% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €87k
Fixed assets
€80k ▼ 11.1%
Current assets
€7k ▲ 92.1%
Equity and liabilities €87k
Equity
€4k
Debt
€83k
Debt finances 95.2% of the balance-sheet total.
Key figures and ratios
EBITDA
€18k▲
2024 · €16k
Cash flow
€16k▲
2024 · €13k
Current ratio
0.20▲
2024 · 0.11
Debt to equity
20.01▲
2024 · -59.52
ROE
138.6%
ROA
6.6%▲
2024 · 3.8%
Interest coverage
7.60▲
2024 · 5.78
Debt ≤ 1 year
€36k▲
2024 · €35k
Debt > 1 year
€47k▼
2024 · €60k
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 · 28 lines
Balance sheet
Code20242025
Assets
Total assets20/58€93k€87k▼
Fixed assets21/28€89k€80k▼
Intangible fixed assets21€89k€80k▼
Current assets29/58€4k€7k▲
Cash at bank and in hand54/58€4k€7k▲
Equity and liabilities
Total equity and liabilities10/49€93k€87k▼
Equity10/15€-2k€4k▲
Contributions10/11€19k€19k=
Profit (loss) carried forward14€-20k€-14k▲
Amounts payable17/49€95k€83k▼
Amounts payable after more than one year17€60k€47k▼
Financial debts170/4€60k€47k▼
Amounts payable within one year42/48€35k€36k▲
Current portion of amounts payable after more than one year42€13k€13k▲
Trade debts44-€400
Suppliers440/4-€400
Other amounts payable47/48€22k€22k=
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10k€10k=
Other operating charges640/8€1k€1k▲
Gross operating margin9900€18k€19k▲
Operating profit (loss)9901€6k€8k▲
Financial charges65/66B€3k€2k▼
Recurring financial charges65€3k€2k▼
Profit (loss) for the period before taxes9903€4k€6k▲
Profit (loss) for the period9904€4k€6k▲
Profit (loss) for the period to be appropriated9905€4k€6k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-20k€-14k▲
Profit (loss) brought forward from the previous period14P€-24k€-20k▲
The notes to these accounts (5 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 |
|---|---|---|---|---|---|---|
| Turnover70 | €15k | - | - | - | - | - |
| Goods, raw materials, services and sundry goods60/61 | €2k | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €10k | €10k | €10k | €10k | €10k | = |
| Other operating charges640/8 | €1k | €1k | €1k | €1k | €1k | ▲ 3.1% |
| Gross operating margin9900 | €13k | €14k | €19k | €18k | €19k | ▲ 10.0% |
| Operating profit (loss)9901 | €2k | €3k | €8k | €6k | €8k | ▲ 27.1% |
| Financial charges65/66B | €4k | €4k | €3k | €3k | €2k | ▼ 15.9% |
| Recurring financial charges65 | €4k | €4k | €3k | €3k | €2k | ▼ 15.9% |
| Profit (loss) for the period before taxes9903 | €-2k | €-705 | €5k | €4k | €6k | ▲ 61.5% |
| Profit (loss) for the period9904 | €-2k | €-705 | €5k | €4k | €6k | ▲ 61.5% |
| Profit (loss) for the period to be appropriated9905 | €-2k | €-705 | €5k | €4k | €6k | ▲ 61.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €121k | €111k | €104k | €93k | €87k | ▼ 7.0% |
| Fixed assets21/28 | €119k | €109k | €99k | €89k | €80k | ▼ 11.1% |
| Intangible fixed assets21 | €119k | €109k | €99k | €89k | €80k | ▼ 11.1% |
| Current assets29/58 | €2k | €1k | €4k | €4k | €7k | ▲ 92.1% |
| Cash at bank and in hand54/58 | €2k | €1k | €4k | €4k | €7k | ▲ 92.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €121k | €111k | €104k | €93k | €87k | ▼ 7.0% |
| Equity10/15 | €-9k | €-10k | €-5k | €-2k | €4k | ▲ 359% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Capital10 | €19k | - | - | - | - | - |
| Issued capital100 | €19k | - | - | - | - | - |
| Profit (loss) carried forward14 | €-28k | €-29k | €-24k | €-20k | €-14k | ▲ 28.3% |
| Amounts payable17/49 | €130k | €121k | €109k | €95k | €83k | ▼ 12.9% |
| Amounts payable after more than one year17 | €96k | €85k | €72k | €60k | €47k | ▼ 21.8% |
| Financial debts170/4 | €96k | €85k | €72k | €60k | €47k | ▼ 21.8% |
| Amounts payable within one year42/48 | €33k | €36k | €36k | €35k | €36k | ▲ 2.4% |
| Current portion of amounts payable after more than one year42 | €11k | €12k | €12k | €13k | €13k | ▲ 3.4% |
| Trade debts44 | - | - | - | - | €400 | - |
| Suppliers440/4 | - | - | - | - | €400 | - |
| Other amounts payable47/48 | €22k | €24k | €24k | €22k | €22k | = |
| Accrued charges and deferred income492/3 | €357 | - | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-2k | €-705 | €5k | €4k | €6k | ▲ 61.5% |
| + Depreciation and write-downs630 | €10k | €10k | €10k | €10k | €10k | = |
| Operating cash flow (approximation) | €8k | €9k | €15k | €13k | €16k | ▲ 16.2% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €-127 | €3k | €-522 | €3k | ▲ 758% |
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
25-09
State Gazette act
Resignation: Geoffrey Vanand André Gysels (director)Reappointment: Roza Abdulrahman Fuad (director) · Purpose change · Name change10 facts ▸
State Gazette act
Resignation: Geoffrey Vanand André Gysels (director)
Reappointment: Roza Abdulrahman Fuad (director) · Purpose change · Name change10 facts ▸
- Director resignation, Geoffrey Vanand André Gysels (director)
- General meeting, 22-09-2026
- Director in office, Roza Abdulrahman Fuad (director)
- Director reappointment, Roza Abdulrahman Fuad (director)
- Other statement, bestuurder
- Purpose change
- Name change, SHAYDA STUDIO
- Statutes amendment
- Power of attorney
- Power of attorney, Kris De Witte
09-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €6k ▲61.5%
Net result €6k, the highest in the series.
27-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 27 days late
2024
31-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €5k
Net result €5k after 2 loss-making years.
05-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 36 days late
2022
07-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
24-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 177 days late
2021
31-12
Financial
Weakest financial yearnet €-2k
Net result drops to €-2k, the lowest in the series; recovery starts the following year.
2020
28-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 89 days late
2019
31-12
Financial
Back to profitnet €5k
Net result €5k after one loss-making year.
Show earlier events
19-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 19 days late
2018
28-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 28 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 29 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 2 acts read
About the unread acts
Of the 2 Belgian State Gazette acts we know for this company, 1 has been read. The other one has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 director, last change in 2026
Roza Abdulrahman Fuad
CurrentDirector · since 31-10-2008
22-09-2026
Geoffrey Vanand André Gysels: Resigned as Director
31-10-2008
Roza Abdulrahman Fuad: Mandate renewed as Director
Not every act has been read: a resignation may be missing here
1 of this company's 2 Belgian State Gazette acts has not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Grimbergen
Ground area
531 m²
Building footprint
87 m²
Volume, LiDAR
470 m³
Parcel 23403H0077/02L003, Flanders · tallest building 8.2 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23403H0077/02L003 | Flanders | 531 m² | 1 · 87 m² | 8.2 m · 2 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.
Articles of association
Purpose
De exploitatie en verhuur van muziekstudio's en repetitieruimtes, alsook het organiseren, faciliteren en uitvoeren van muzikale en aanverwante artistieke activiteiten, waaronder…
Full purpose
De exploitatie en verhuur van muziekstudio's en repetitieruimtes, alsook het organiseren, faciliteren en uitvoeren van muzikale en aanverwante artistieke activiteiten, waaronder muziekproductie, geluidsopnames, repetities, workshops, opleidingen, evenementen en andere activiteiten die rechtstreeks of onrechtstreeks verband houden met muziek en de exploitatie van een muziekstudio.
Identification & contact
Identification
Legal formPrivate limited company
Founded13-11-2008
Fiscal year end31-12
Scores and ratios are computed by Checked and are not a credit decision.