Studio
ActiveSummary
Studio has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €184,452 and a net result of €1,115. Equity remains stable across the filed fiscal years (±0.4% per year). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability65▼-2
Solvency100=
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13,000 at 30 days acceptable
short-term debt: 0.4% and cash: 0.5% of total assets, and 0.4% of the assets are financed with debt.
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Signals
Four 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
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
99.6%
Return on assets
0.6%
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 24-07-2026, 7 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
7 d early
2024
2 d early
2023
7 d early
2022
5 d early
2021
2 d early
2020
30 d early
2019
31 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 12 days before 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)
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
27-09-2026 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
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Financials · fiscal year 2025, micro schema
Equity
€184,452▲ 0.6%
2024 · €183,338
Total assets
€185,231▲ 0.7%
2024 · €183,972
Net result
€1,115
2024 · -€1,890
Working capital
€117,593▲ 2.8%
2024 · €114,405
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€2,966▼ 696%-€1,716▲ 42.2%-€2,186▼ 27.4%-€3,023▼ 38.3%€404
Net result-€1,911-€652▲ 65.9%-€1,096▼ 68.2%-€1,890▼ 72.4%€1,115
Equity€186,975▼ 1.0%€186,324▼ 0.3%€185,227▼ 0.6%€183,338▼ 1.0%€184,452▲ 0.6%
Total assets€190,209▲ 0.1%€187,793▼ 1.3%€185,534▼ 1.2%€183,972▼ 0.8%€185,231▲ 0.7%
Debt€3,234▲ 170%€1,470▼ 54.6%€306▼ 79.1%€634▲ 107%€778▲ 22.8%
Working capital€106,959▲ 1.7%€110,002▲ 2.8%€112,600▲ 2.4%€114,405▲ 1.6%€117,593▲ 2.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €404 after a loss of €3,023 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €185,231
Fixed assets
€66,859 ▼ 3.0%
Current assets
€118,372 ▲ 2.9%
Equity and liabilities €185,231
Equity
€184,452 ▲ 0.6%
Debt
€778 ▲ 22.8%
Debt's share of the balance-sheet total rises from 0.3% to 0.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€2,477▲
2024 · €671
Cash flow
€3,188▲
2024 · €1,805
Debt to equity
0.00▲
2024 · 0.00
ROE
0.6%▲
2024 · -1.0%
ROA
0.6%▲
2024 · -1.0%
Interest coverage
5.45▼
2024 · 59.68
Debt ≤ 1 year
€778▲
2024 · €634
A ratio outside any meaningful range has been withheld (balance sheet total €185,231, equity €184,452).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 16,986 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.5%
went bankrupt
4.9%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.6% 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 497,058 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% | 1.6% |
| 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 74% 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 16,986 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,695 | €3,695 | €3,695 | €3,695 | €2,073 | ▼ 43.9% |
| Other operating charges640/8 | €1,968 | €2,006 | €2,163 | €2,281 | €2,351 | ▲ 3.1% |
| Gross operating margin9900 | €2,697 | €3,986 | €3,671 | €2,953 | €4,828 | ▲ 63.5% |
| Operating profit (loss)9901 | -€2,966 | -€1,716 | -€2,186 | -€3,023 | €404 | ▲ 113% |
| Financial income75/76B | €1,100 | €1,110 | €1,135 | €1,145 | €1,165 | ▲ 1.7% |
| Recurring financial income75 | €1,100 | €1,110 | €1,135 | €1,145 | €1,165 | ▲ 1.7% |
| Financial charges65/66B | €45 | €46 | €45 | €11 | €454 | ▲ 3,937% |
| Recurring financial charges65 | €45 | €46 | €45 | €11 | €454 | ▲ 3,937% |
| Profit (loss) for the period before taxes9903 | -€1,911 | -€652 | -€1,096 | -€1,890 | €1,115 | ▲ 159% |
| Profit (loss) for the period9904 | -€1,911 | -€652 | -€1,096 | -€1,890 | €1,115 | ▲ 159% |
| Profit (loss) for the period to be appropriated9905 | -€1,911 | -€652 | -€1,096 | -€1,890 | €1,115 | ▲ 159% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €190,209 | €187,793 | €185,534 | €183,972 | €185,231 | ▲ 0.7% |
| Fixed assets21/28 | €80,017 | €76,322 | €72,627 | €68,932 | €66,859 | ▼ 3.0% |
| Tangible fixed assets22/27 | €80,017 | €76,322 | €72,627 | €68,932 | €66,859 | ▼ 3.0% |
| Land and buildings22 | €75,152 | €73,079 | €71,006 | €68,932 | €66,859 | ▼ 3.0% |
| Plant, machinery and equipment23 | €4,864 | €3,243 | €1,621 | - | - | - |
| Current assets29/58 | €110,193 | €111,472 | €112,907 | €115,039 | €118,372 | ▲ 2.9% |
| Amounts receivable after more than one year29 | €110,000 | €111,000 | €112,000 | €114,500 | €117,500 | ▲ 2.6% |
| Other amounts receivable291 | €110,000 | €111,000 | €112,000 | €114,500 | €117,500 | ▲ 2.6% |
| Cash at bank and in hand54/58 | €193 | €472 | €907 | €539 | €872 | ▲ 61.7% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €190,209 | €187,793 | €185,534 | €183,972 | €185,231 | ▲ 0.7% |
| Equity10/15 | €186,975 | €186,324 | €185,227 | €183,338 | €184,452 | ▲ 0.6% |
| Contributions10/11 | €148,736 | €148,736 | €148,736 | €148,736 | €148,736 | = |
| Outside capital11 | €148,736 | €148,736 | - | - | - | - |
| Share premium1100/10 | €148,736 | €148,736 | - | - | - | - |
| Profit (loss) carried forward14 | €38,239 | €37,588 | €36,491 | €34,602 | €35,716 | ▲ 3.2% |
| Amounts payable17/49 | €3,234 | €1,470 | €306 | €634 | €778 | ▲ 22.8% |
| Amounts payable within one year42/48 | €3,234 | €1,470 | €306 | €634 | €778 | ▲ 22.8% |
| Trade debts44 | - | - | - | - | €357 | - |
| Suppliers440/4 | - | - | - | - | €357 | - |
| Other amounts payable47/48 | €3,234 | €1,470 | €306 | €634 | €422 | ▼ 33.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€1,911 | -€652 | -€1,096 | -€1,890 | €1,115 | ▲ 159% |
| + Depreciation and write-downs630 | €3,695 | €3,695 | €3,695 | €3,695 | €2,073 | ▼ 43.9% |
| Operating cash flow (approximation) | €1,784 | €3,043 | €2,598 | €1,805 | €3,188 | ▲ 76.6% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €279 | €435 | -€367 | €333 | ▲ 191% |
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
24-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €1,115
Net result €1,115 after 4 loss-making years.
29-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
24-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity times 5current ratio 368.39
Current ratio from 75.85 to 368.39; short-term debt falls from €1,470 to €306.
26-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Liquidity doublescurrent ratio 75.85
Current ratio from 34.07 to 75.85; short-term debt falls from €3,234 to €1,470.
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet -€1,911
Net result drops to -€1,911, the lowest in the series; recovery starts the following year.
01-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €329
Net result €329 after one loss-making year.
30-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2019
19-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
26-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 acts for this company are 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, Mortsel · 1 establishment unit since 1997
Ground area
442 m²
Building footprint
153 m²
Volume, LiDAR
876 m³
Parcel 11513C0129/00D007, Flanders · tallest building 10.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Lusthovenlaan 21, 2640 Mortsel
since 19972.081.256.348
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11513C0129/00D007 | Flanders | 442 m² | 1 · 153 m² | 10.6 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.
Identification & contact
Identification
Legal formPrivate limited company
Founded13-05-1993
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0450096529
Also
9925:BE0450096529
Registered
31-08-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.