STUDIO 43
STUDIO 43 has been active since 1987 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €450k and a net result of €17k. Equity is shrinking by ~5.3% per year across the filed fiscal years. Its solvency ranks better than 84% of 1922 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
| Equity | €450k |
| Net result | €17k |
| Staff (FTE) | 1 |
| Better than sector | 84% |
Strong profile, led by solvency.
All 5 axes are computed from data Checked has read.
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).
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 84.5% | 50.1% | |
| Net result | €17k | €6k | |
| Equity | €450k | €44k | |
| Gross operating margin | €97k | €24k | |
| Staff costs | €70k | €37k |
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Deposit | micro schema | micro schema | micro schema | micro schema | full schema |
| Revenue | - | - | - | - | - |
| EBITDA | €20k | €-143k | €-27k | €2k | €32k |
| Net profit | €17k | €-145k | €-30k | €-8k | €9k |
| Cash flow | €20k | €-142k | €-28k | €1k | €24k |
| Staff costs | €70k | €135k | €105k | €103k | €77k |
| Income taxes | €176 | €174 | €1k | €501 | €7k |
| Dividends | - | - | - | - | - |
| Total assets | €532k | €497k | €647k | €684k | €696k |
| Equity | €450k | €432k | €578k | €608k | €616k |
| Debt | €83k | €65k | €69k | €76k | €80k |
| of which ≤ 1y | €83k | €65k | €69k | €76k | €80k |
| of which > 1y | - | - | - | - | - |
| Working capital | €351k | €331k | €477k | €511k | €510k |
| Employees (FTE) | 1.0 | 1.0 | 1.8 | 2.2 | 2.0 |
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | 5.25 | 6.14 | 7.88 | 7.70 | 7.38 |
| Quick ratio | 5.25 | 6.14 | 7.88 | 7.70 | 7.38 |
| Working capital ratio | 66.0% | 66.7% | 73.8% | 74.7% | 73.3% |
| Solvency | 84.5% | 87.0% | 89.3% | 88.8% | 88.5% |
| Debt / equity | 0.18 | 0.15 | 0.12 | 0.13 | 0.13 |
| Long-term debt ratio | - | - | - | - | - |
| Interest coverage | 68.03 | -177.21 | -55.48 | 4.87 | 30.47 |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | 3.2% | -29.2% | -4.7% | -1.2% | 1.3% |
| ROE | 3.8% | -33.6% | -5.3% | -1.3% | 1.4% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Full annual accounts (23 line items)
| Line item | Code | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €532k | €497k | €647k | €684k | €696k |
| Fixed assets | 21/28 | €99k | €101k | €100k | €97k | €106k |
| Tangible fixed assets | 22/27 | €94k | €97k | €100k | €97k | €106k |
| Financial fixed assets | 28 | €4k | €4k | €535 | €535 | - |
| Current assets | 29/58 | €434k | €396k | €547k | €587k | €590k |
| Amounts receivable within one year | 40/41 | €138k | €180k | €147k | €164k | €144k |
| Cash & bank | 54/58 | €296k | €209k | €394k | €414k | €437k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €532k | €497k | €647k | €684k | €696k |
| Equity | 10/15 | €450k | €432k | €578k | €608k | €616k |
| Contributions / capital | 10/11 | €181k | €181k | €181k | €181k | €181k |
| Reserves | 13 | €3k | €3k | €3k | €3k | €3k |
| Accumulated profits (losses) | 14 | €265k | €248k | €393k | €423k | €432k |
| Amounts payable | 17/49 | €83k | €65k | €69k | €76k | €80k |
| Amounts payable within one year | 42/48 | €83k | €65k | €69k | €76k | €80k |
| Trade debts payable within one year | 44 | €70k | €42k | €59k | €65k | €55k |
| Income statement | ||||||
| Gross operating margin | 9900 | €97k | €-1k | €84k | €112k | €115k |
| Operating result | 9901 | €17k | €-146k | €-29k | €-7k | €16k |
| Financial income | 75 | €308 | €2k | €551 | €0 | €39 |
| Financial charges | 65 | €296 | €805 | €490 | €399 | €1k |
| Result before taxes | 9903 | €17k | €-145k | €-29k | €-8k | €15k |
| Income taxes | 67/77 | €176 | €174 | €1k | €501 | €7k |
| Net result for the period | 9904 | €17k | €-145k | €-30k | €-8k | €9k |
| Result to be appropriated | 9905 | €17k | €-145k | €-30k | €-8k | €9k |
-
DUCAJU PierreDirectorState Gazette act 23457677 (14-12-2023)Current14-12-2023 → present
-
LOUWIES PaulDirectorState Gazette act 23457677 (14-12-2023)Current14-12-2023 → present
-
VAN STEENE PierreDirectorState Gazette act 23457677 (14-12-2023)Current14-12-2023 → present
| NACE primary | Specialised image, lighting and sound technical services(90393) |
| Legal form | Private limited company(610) |
| Incorporation | 11-03-1987 |
| Status | Active |
| Postal code | 1060 |
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21013B0076/00R000 | Brussels | 412 m² | 1 · 91 m² | 17.6 m · 5 fl. |
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
14-12-2023 3 directors appointed
- DUCAJU Pierre, Bestuurder
- VAN STEENE Pierre, Bestuurder
- LOUWIES Paul, Bestuurder
Technical details
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}| Legal nameFR | STUDIO 43 |