Active BE 0413.734.989Private limited company

STUDIO 1

Noordlaan 24 ·8520 Kuurne, Belgium· 52 yrs active

Conclusion Checked

STUDIO 1 has been active since 1973 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €133k and a net result of €13k. Equity remains stable across the filed fiscal years (±0.3% per year). The computed 12-month bankruptcy probability is 0.5% (low).

Based on the State Gazette, CBE and 5 annual accounts.

Key figures

Equity	€133k
Net result	€13k
Active	52 yrs
Board	1

Financial profile 5 of 5 axes measured · computed by Checked

81 / 100

Exceptional profile, strong across almost every axis.

All 5 axes are computed from data Checked has read.

Health 86

Profitability 49

Solvency 94

Growth 78

Stability 100

Bankruptcy probability (12 mo) Checked model v1 · free

0.5% Low

0%0,5%1,5%4%10%≥25%

How do we compute this?

Risk Assessment rule-based

0 / 100

Low risk

Trust signals 2 signals

Long-established

Founded in 1973, 52 years in business.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags0 events

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Checked score FY 2025 · computed

86 / 100 Excellent

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Indicative credit limit

€11k

estimate, not credit advice

Score history

81 2021

94 2022

86 2023

100 2024

86 2025

purely financial, excl. current insolvency signals

Score components

Liquidity Current ratio 1.74 (≥ 1.5) +10

Quick ratio Quick ratio 1.74 (≥ 1.0) +5

Leverage Debt/equity 0.09 (< 1.0) +10

Profitability ROE 10% +3

Interest coverage Interest coverage 584.0× (≥ 3×) +8

Profit trend Net profit down YoY -3

Equity growth Equity growing YoY +3

Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.

Financial overview49 NBB filings

Annual accounts filed on 02-06-2026 with the NBB · fiscal year 2025 · abbreviated schema

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

stable Equity: stable across 5 fiscal years (±0.3%/year).

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

EBITDA

€18k

-19.4% 21-25

Net profit

€13k

-19.3% 21-25

Cash flow

€13k

-19.0% 21-25

Total assets

€145k

-1.7% 21-25

Equity

€133k

+0.7% 21-25

Working capital

€9k

+15.0% 21-25

Income taxes

€4k

-20.8% 21-25

Dividends

€12k

-25.0% 21-25

Debt

€13k

-21.7% 21-25

Debt ≤ 1y

€13k

-21.7% 21-25

Current ratio

1.74

+15.7% 21-25

Quick ratio

1.74

+15.7% 21-25

Solvency

91.3%

+2.5% 21-25

Debt / equity

0.09

-22.2% 21-25

ROE

9.8%

-19.8% 21-25

ROA

8.9%

-17.9% 21-25

Interest coverage

583.98

-19.4% 21-25

Figures by fiscal year and ratios

Highlight YoY changes (±10%)

Fiscal year	2025	2024	2023	2022	2021
Deposit	abbreviated schema	abbreviated schema	abbreviated schema	abbreviated schema	abbreviated schema
Revenue	-	-	-	-	-
EBITDA	€18k	€22k	€17k	€17k	€19k
Net profit	€13k	€16k	€13k	€12k	€12k
Cash flow	€13k	€16k	€13k	€13k	€12k
Staff costs	-	-	-	-	-
Income taxes	€4k	€5k	€4k	€4k	€6k
Dividends	€12k	€16k	€12k	€12k	€24k
Total assets	€145k	€148k	€144k	€143k	€156k
Equity	€133k	€132k	€132k	€131k	€131k
Debt	€13k	€16k	€12k	€12k	€25k
of which ≤ 1y	€13k	€16k	€12k	€12k	€25k
of which > 1y	-	-	-	-	-
Working capital	€9k	€8k	€8k	€7k	€6k
Employees (FTE)	-	-	-	-	-

Ratios (computed)

	2025	2024	2023	2022	2021
Current ratio	1.74	1.51	1.65	1.56	1.25
Quick ratio	1.74	1.51	1.65	1.56	1.25
Working capital ratio	6.4%	5.5%	5.4%	4.8%	4.0%
Solvency	91.3%	89.1%	91.6%	91.4%	83.8%
Debt / equity	0.09	0.12	0.09	0.09	0.19
Long-term debt ratio	-	-	-	-	-
Interest coverage	583.98	724.38	-	826.86	81.19
Gross margin	-	-	-	-	-
Net margin	-	-	-	-	-
ROA	8.9%	10.9%	8.8%	8.5%	7.7%
ROE	9.8%	12.2%	9.6%	9.3%	9.2%
EBITDA margin	-	-	-	-	-
Days sales outstanding	-	-	-	-	-
Days payable outstanding	-	-	-	-	-
Inventory turnover	-	-	-	-	-
Days inventory (DSI)	-	-	-	-	-

Balance-sheet composition 2025

Assets

Fixed assets €123k · 84.9% Current assets €22k · 15.1%

Equity & liabilities

Equity €133k · 91.3% Debt €13k · 8.7%

Full annual accounts (22 line items)

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2025	2024	2023	2022	2021
Balance sheet, Assets
TOTAL ASSETS	20/58	€145k	€148k	€144k	€143k	€156k
Fixed assets	21/28	€123k	€124k	€124k	€124k	€125k
Tangible fixed assets	22/27	€123k	€124k	€124k	€124k	€125k
Current assets	29/58	€22k	€24k	€20k	€19k	€32k
Amounts receivable within one year	40/41	€2k	€600	€2k	€2k	€0
Cash & bank	54/58	€20k	€24k	€18k	€17k	€32k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€145k	€148k	€144k	€143k	€156k
Equity	10/15	€133k	€132k	€132k	€131k	€131k
Contributions / capital	10/11	€20k	€20k	€20k	€20k	€20k
Reserves	13	€113k	€112k	€112k	€111k	€111k
Accumulated profits (losses)	14	€0	€0	€0	€0	€0
Amounts payable	17/49	€13k	€16k	€12k	€12k	€25k
Amounts payable within one year	42/48	€13k	€16k	€12k	€12k	€25k
Trade debts payable within one year	44	€566	€29	€0	€65	€1k
Income statement
Gross operating margin	9900	€25k	€29k	€25k	€24k	€25k
Operating result	9901	€17k	€21k	€17k	€16k	€18k
Financial income	75	-	-	-	-	€0
Financial charges	65	€30	€30	€0	€20	€228
Result before taxes	9903	€17k	€21k	€17k	€16k	€18k
Income taxes	67/77	€4k	€5k	€4k	€4k	€6k
Net result for the period	9904	€13k	€16k	€13k	€12k	€12k
Result to be appropriated	9905	€13k	€16k	€13k	€12k	€24k

Directors & mandates 2 directors

Current directors & mandates

Nicky SOUBRY
Non-statutory director
State Gazette act 23305805 (18-01-2023)

Current
01-01-2023 → present

Former directors (1)

Nick SOUBRY
Non-statutory director
State Gazette act 23305805 (18-01-2023)

Former
- → 31-12-2022

Legal Structure

NACE primary	-
Legal form	Private limited company(610)
Incorporation	12-11-1973
Status	Active
Postal code	8520

Establishment units 1 location

Noordlaan 24, 8520 Kuurne

NACE 52485

since 19742.038.307.322

Real-estate footprint Source: CBE × cadastre

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
34023A0435/00G000	Flanders	3,682 m²	1 · 1,007 m²	7.3 m · 2 fl.

Methodology

via registered seat: 1

1 of 1 parcel with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Updates 11 events

All 12Financial 1Gazette 1Filings 10

Next filing, fiscal year 2026, expected by 31-07-2027

2026

02-06

NBB filing Annual accounts filed

fiscal year 2025 · abbreviated schema

2025

02-06

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema

2024

31-12

Financial Highest result since 2021net €16k ▲27.7%

Operating result €21k, net result €16k, both a record.

03-06

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema

2023

06-06

NBB filing Annual accounts filed

fiscal year 2022 · abbreviated schema

18-01

State Gazette act Director changes

Liesbet Degroote

2022

01-07

NBB filing Annual accounts filed

fiscal year 2021 · abbreviated schema

2021

08-06

NBB filing Annual accounts filed

fiscal year 2020 · abbreviated schema

2020

04-06

NBB filing Annual accounts filed

fiscal year 2019 · abbreviated schema

2019

06-06

NBB filing Annual accounts filed

fiscal year 2018 · abbreviated schema

2018

06-06

NBB filing Annual accounts filed

fiscal year 2017 · abbreviated schema

2017

07-06

NBB filing Annual accounts filed

fiscal year 2016 · abbreviated schema

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Belgian State Gazette reading coverage 0 of 4 acts read

We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

Belgisch Staatsblad, acts 1 acts

All acts · 1 updated 3 years ago

2023

18-01-2023 1 director appointed, 1 resigning Director changes·Liesbet Degroote

Nicky SOUBRY, Niet-statutair bestuurder
Nick SOUBRY, Niet-statutair bestuurder

Notary: Liesbet Degroote · Kortrijk

Original publication ↗

Technical details

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      },
      "reason": "end_of_term",
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    "filing_date": "2023-01-16",
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Credit advice verdict per customer and amount

Company registry (CBE) Crossroads Bank

Names & trade names

Legal nameNL

STUDIO 1