SPACE STUDIO
ActiveFinancials · financial year 2025, micro format
2025 annual accounts filed 2 days after the deadline Filed on 2 February 2026, deadline 31 January 2026 (7 months after the close on 30 June 2025, Companies Code art. 3:10). Source: NBB, 2026-00027400.
Annual accounts 2025 filed on 02-02-2026 PDF all 2 filings
Every figure per financial year
The operating result for 2025 is a loss of €9,430, smaller than the loss of €10,166 in 2024.
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Turnover70 | €316,510 | - | - |
| Goods, raw materials, services and sundry goods60/61 | €269,142 | - | - |
| Remuneration, social security and pensions62 | - | €0 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €0 | - |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €0 | - |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | €0 | - |
| Other operating charges640/8 | €163 | €1,495 | ▲ 817% |
| Non-recurring operating charges66A | - | €0 | - |
| Gross operating margin9900 | -€10,003 | -€7,935 | ▲ 20.7% |
| Operating profit (loss)9901 | -€10,166 | -€9,430 | ▲ 7.2% |
| Financial income75/76B | - | €0 | - |
| Recurring financial income75 | - | €0 | - |
| Non-recurring financial income76B | - | €0 | - |
| Financial charges65/66B | €54 | €95 | ▲ 75.9% |
| Recurring financial charges65 | €54 | €95 | ▲ 75.9% |
| Profit (loss) for the period before taxes9903 | -€10,220 | -€9,525 | ▲ 6.8% |
| Profit (loss) for the period9904 | -€10,220 | -€9,525 | ▲ 6.8% |
| Profit (loss) for the period to be appropriated9905 | -€10,220 | -€9,525 | ▲ 6.8% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €10,825 | €38,087 | ▲ 252% |
| Formation expenses20 | - | €0 | - |
| Fixed assets21/28 | - | €0 | - |
| Intangible fixed assets21 | - | €0 | - |
| Tangible fixed assets22/27 | - | €0 | - |
| Land and buildings22 | - | €0 | - |
| Plant, machinery and equipment23 | - | €0 | - |
| Furniture and vehicles24 | - | €0 | - |
| Leasing and similar rights25 | - | €0 | - |
| Other tangible fixed assets26 | - | €0 | - |
| Assets under construction and advance payments27 | - | €0 | - |
| Financial fixed assets28 | - | €0 | - |
| Current assets29/58 | €10,825 | €38,087 | ▲ 252% |
| Amounts receivable after more than one year29 | - | €0 | - |
| Trade receivables290 | - | €0 | - |
| Other amounts receivable291 | - | €0 | - |
| Stocks and contracts in progress3 | - | €0 | - |
| Stocks30/36 | - | €0 | - |
| Contracts in progress37 | - | €0 | - |
| Amounts receivable within one year40/41 | €2,897 | €1,527 | ▼ 47.3% |
| Trade receivables40 | - | €658 | - |
| Other amounts receivable41 | €2,897 | €869 | ▼ 70.0% |
| Current investments50/53 | - | €36,560 | - |
| Cash at bank and in hand54/58 | €7,928 | - | - |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €10,825 | €38,087 | ▲ 252% |
| Equity10/15 | -€7,220 | -€16,745 | ▼ 132% |
| Contributions10/11 | €3,000 | €3,000 | = |
| Capital10 | - | €3,000 | - |
| Issued capital100 | - | €3,000 | - |
| Uncalled capital101 | - | €0 | - |
| Contributions outside capital11 | - | €0 | - |
| Share premium1100/10 | - | €0 | - |
| Other1109/19 | - | €0 | - |
| Revaluation surpluses12 | - | €0 | - |
| Reserves13 | - | €0 | - |
| Non-distributable reserves130/1 | - | €0 | - |
| Legal reserve130 | - | €0 | - |
| Reserves not available under the articles1311 | - | €0 | - |
| Own shares acquired1312 | - | €0 | - |
| Financial assistance1313 | - | €0 | - |
| Other1319 | - | €0 | - |
| Tax-exempt reserves132 | - | €0 | - |
| Distributable reserves133 | - | €0 | - |
| Profit (loss) carried forward14 | -€10,220 | -€19,745 | ▼ 93.2% |
| Investment grants15 | - | €0 | - |
| Advance to shareholders on the distribution of net assets19 | - | €0 | - |
| Provisions and deferred taxes16 | - | €0 | - |
| Provisions for liabilities and charges160/5 | - | €0 | - |
| Pensions and similar obligations160 | - | €0 | - |
| Taxes161 | - | €0 | - |
| Major repairs and maintenance162 | - | €0 | - |
| Environmental obligations163 | - | €0 | - |
| Other liabilities and charges164/5 | - | €0 | - |
| Deferred taxes168 | - | €0 | - |
| Amounts payable17/49 | €18,045 | €54,832 | ▲ 204% |
| Amounts payable after more than one year17 | - | €0 | - |
| Financial debts170/4 | - | €0 | - |
| Trade debts175 | - | €0 | - |
| Advances received on contracts in progress176 | - | €0 | - |
| Other amounts payable178/9 | - | €0 | - |
| Amounts payable within one year42/48 | €18,045 | €28,599 | ▲ 58.5% |
| Current portion of amounts payable after more than one year42 | - | €0 | - |
| Financial debts43 | - | €0 | - |
| Credit institutions430/8 | - | €0 | - |
| Other loans439 | - | €0 | - |
| Trade debts44 | €7,806 | €11,226 | ▲ 43.8% |
| Suppliers440/4 | €7,806 | €11,226 | ▲ 43.8% |
| Bills of exchange payable441 | - | €0 | - |
| Advances received on contracts in progress46 | - | €0 | - |
| Taxes, remuneration and social security45 | - | €1,500 | - |
| Taxes450/3 | - | €0 | - |
| Remuneration and social security454/9 | - | €1,500 | - |
| Other amounts payable47/48 | €10,239 | €15,873 | ▲ 55.0% |
| Accrued charges and deferred income492/3 | - | €26,233 | - |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€10,220 | -€9,525 | ▲ 6.8% |
| + Depreciation and write-downs630 | - | €0 | - |
| Operating cash flow (approximation) | -€10,220 | -€9,525 | ▲ 6.8% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 7,639 companies had the same profile as SPACE STUDIO has now. Two years later, 84.8% were still going and 8.8% had gone bankrupt.
- Micro
- 2 to 5 years old
- negative equity
- a loss of 10% of the balance sheet or more
Another 0.7% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of SPACE STUDIO itself: 4.2% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 7,639 companies, not a prediction for SPACE STUDIO. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.