STUDIO 43
ActiveSTUDIO 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 remains stable across the filed fiscal years (±2% per year). Its solvency ranks better than 84% of 1986 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
91
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability73▲+73
Solvency100=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €40k at 30 days acceptable
Liquidity ample (current ratio 5.25 against 6.14 in 2024; short-term debt: 15.5% and cash: 55.7% of total assets), and 15.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 90
Relative position
BE, all sectors
reference
Sector 90
lower
← fewer bankruptcies
more bankruptcies →
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
84.5%
Return on assets
3.2%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 13-08-2026, 13 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
13 d late
2024
22 d late
2023
26 d late
2022
7 d late
2021
19 d late
2020
16 d early
2019
19 d late
← before the deadline
after the deadline →
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
20-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€17k
2024 · €-145k
2018: €37k
2019: €38k
2020: €23k
2021: €9k
2022: €-8k
2023: €-30k
2024: €-145k
2018 → 2025
Working capital
€351k▲ 6.0%
2024 · €331k
2018: €403k
2019: €452k
2020: €486k
2021: €510k
2022: €511k
2023: €477k
2024: €331k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€616k-€608k▼ 1.3%€578k▼ 5.0%€432k▼ 25.1%€450k▲ 4.0%
Operating result€16k-€-7k€-29k▼ 307%€-146k▼ 396%€17k
Net result€9k-€-8k€-30k▼ 275%€-145k▼ 377%€17k
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €17k after a loss of €146k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €532k
Fixed assets
€99k▼ 2.5%
Current assets
€434k▲ 9.6%
Equity and liabilities €532k
Equity
€450k▲ 4.0%
Debt
€83k▲ 28.1%
The debt ratio rises from 13.0% to 15.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€20k▲
2024 · €-143k
Cash flow
€20k▲
2024 · €-142k
Solvency
84.5%▼
2024 · 87.0%
Current ratio
5.25▼
2024 · 6.14
Quick ratio
5.25▼
2024 · 6.14
Debt / equity
0.18▲
2024 · 0.15
ROE
3.8%▲
2024 · -33.6%
ROA
3.2%▲
2024 · -29.2%
Interest coverage
68.03▲
2024 · -177.21
Debt
€83k▲
2024 · €65k
Debt ≤ 1 year
€83k▲
2024 · €65k
Income taxes
€176▲
2024 · €174
Staff costs
€70k▼
2024 · €135k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€497k€532k▲
Fixed assets21/28€101k€99k▼
Tangible fixed assets22/27€97k€94k▼
Land and buildings22€94k€93k▼
Plant, machinery and equipment23€3k€1k▼
Furniture and vehicles24€79€0▼
Other tangible fixed assets26-€242
Financial fixed assets28€4k€4k=
Current assets29/58€396k€434k▲
Amounts receivable within one year40/41€180k€138k▼
Trade receivables40€141k€128k▼
Other amounts receivable41€39k€10k▼
Cash at bank and in hand54/58€209k€296k▲
Deferred charges and accrued income490/1€8k€0▼
Equity and liabilities
Total equity and liabilities10/49€497k€532k▲
Equity10/15€432k€450k▲
Contributions10/11€181k€181k=
Reserves13€3k€3k=
Non-distributable reserves130/1€3k€3k=
Reserves not available under the articles1311€3k€3k=
Profit (loss) carried forward14€248k€265k▲
Amounts payable17/49€65k€83k▲
Amounts payable within one year42/48€65k€83k▲
Trade debts44€42k€70k▲
Suppliers440/4€42k€70k▲
Taxes, remuneration and social security45€22k€13k▼
Taxes450/3€2k€2k▲
Remuneration and social security454/9€20k€11k▼
Income statement
Code20242025
Remuneration, social security and pensions62€135k€70k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€3k▼
Other operating charges640/8€7k€7k▲
Gross operating margin9900€-1k€97k▲
Operating profit (loss)9901€-146k€17k▲
Financial income75/76B€2k€308▼
Recurring financial income75€2k€308▼
Financial charges65/66B€805€296▼
Recurring financial charges65€805€296▼
Profit (loss) for the period before taxes9903€-145k€17k▲
Income taxes67/77€174€176▲
Profit (loss) for the period9904€-145k€17k▲
Profit (loss) for the period to be appropriated9905€-145k€17k▲
Appropriation of the result
Profit (loss) to be appropriated9906€248k€265k▲
Profit (loss) brought forward from the previous period14P€393k€248k▼
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
13-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 13 days late
2025
31-12
Financial
Back to profitnet €17k
Net result €17k after 3 loss-making years.
22-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 22 days late
2024
31-12
Financial
Weakest financial yearnet €-145k
Net result drops to €-145k, the lowest in the series; recovery starts the following year.
26-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 26 days late
2023
07-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 7 days late
2022
19-08
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 19 days late
2021
15-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
19-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 19 days late
2019
31-12
Financial
Highest result since 2018net €38k ▲3%
Operating result €38k, net result €38k, both a record.
12-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
24-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
09-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Sint-Gillis (bij-Brussel) · 1 establishment unit since 1987
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Overwinningsstraat 841060 Sint-Gillis (bij-Brussel)Ground area
412 m²
Building footprint
91 m²
Volume, LiDAR
1,250 m³
Parcel 21013B0076/00R000, Brussels · tallest building 17.6 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
Overwinningsstraat 84, 1060 Sint-Gillis (bij-Brussel)
since 19872.033.091.789
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21013B0076/00R000 | Brussels | 412 m² | 1 · 91 m² | 17.6 m · 5 fl. |
Linked by address, not proof of ownership
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.
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ARSALTIS
BE 0886.179.033
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Q
BE 0444.836.258
Nazareth-De Pinte · Eq €453k
Palais des Beaux Arts de Charleroi
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Of 3,398 companies in sector 90393 we hold annual accounts for 939. 600 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded11-03-1987
Fiscal year end31-12
Activities, NACEBEL
59120Post-production of films, video and television programmes
90393Specialised image, lighting and sound technical services
92114
92313
18200Printing and reproduction of recorded media
22140
22310
59203Motion picture, video and television programme production, sound recording and music publishing activities
Sources
Crossroads Bank for EnterprisesNational Bank · 39 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.