Studio A.D.R.
ActiveSummary
Studio A.D.R. has been active since 1970 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €84k and a net result of €21k. Equity is growing by ~11% per year across the filed fiscal years. Its solvency ranks better than 31% of 3480 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
66
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability77▼-8
Solvency51▲+6
Growth78=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €5k at 30 days acceptable
Liquidity short (current ratio 0.2 against 0.16 in 2024; short-term debt: 73.5% and cash: 10.1% of total assets), and 73.5% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five 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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 74
Relative position
BE, all sectors
reference
Sector 74
lower
← fewer bankruptcies
more bankruptcies →
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
26.5%
Return on assets
6.7%
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 30-07-2026, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
1 d early
2024
29 d late
2023
30 d late
2022
13 d early
2021
11 d early
2020
86 d early
2019
27 d late
← before the deadline
after the deadline →
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
24-09-2026 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
€21k▼ 45.7%
2024 · €39k
2018: €4k
2019: €580
2020: €6k
2021: €3k
2022: €-13k
2023: €-7k
2024: €39k
2018 → 2025
Working capital
€-189k▲ 8.5%
2024 · €-206k
2018: €34k
2019: €35k
2020: €34k
2021: €39k
2022: €-226k
2023: €-241k
2024: €-206k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€44k-€31k▼ 28.6%€24k▼ 23.4%€63k▲ 164%€84k▲ 33.7%
Operating result€4k-€-12k€-7k▲ 42.0%€50k€30k▼ 39.5%
Net result€3k-€-13k€-7k▲ 41.7%€39k€21k▼ 45.7%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 40% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €319k
Fixed assets
€273k ▲ 1.4%
Current assets
€46k ▲ 15.6%
Equity and liabilities €319k
Equity
€84k ▲ 33.7%
Debt
€234k ▼ 4.6%
Debt's share of the balance-sheet total falls from 79.6% to 73.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€32k▼
2024 · €51k
Cash flow
€23k▼
2024 · €41k
Current ratio
0.20▲
2024 · 0.16
Debt to equity
2.78▼
2024 · 3.89
ROE
25.2%▼
2024 · 62.1%
ROA
6.7%▼
2024 · 12.7%
Interest coverage
128.64▼
2024 · 207.43
Debt ≤ 1 year
€234k▼
2024 · €246k
Income taxes
€9k▼
2024 · €10k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 42 lines
Balance sheet
Code20242025
Assets
Total assets20/58€309k€319k▲
Fixed assets21/28€269k€273k▲
Tangible fixed assets22/27€269k€273k▲
Land and buildings22€255k€255k=
Furniture and vehicles24€345€2k▲
Other tangible fixed assets26€14k€17k▲
Current assets29/58€40k€46k▲
Amounts receivable within one year40/41€2k€13k▲
Trade receivables40€2k€13k▲
Cash at bank and in hand54/58€37k€32k▼
Deferred charges and accrued income490/1€71€212▲
Equity and liabilities
Total equity and liabilities10/49€309k€319k▲
Equity10/15€63k€84k▲
Contributions10/11€19k€19k=
Reserves13€41k€61k▲
Distributable reserves133€41k€61k▲
Profit (loss) carried forward14€4k€5k▲
Amounts payable17/49€246k€234k▼
Amounts payable within one year42/48€246k€234k▼
Trade debts44€2k€4k▲
Suppliers440/4€2k€4k▲
Advances received on contracts in progress46€75k€51k▼
Taxes, remuneration and social security45€14k€17k▲
Taxes450/3€10k€13k▲
Remuneration and social security454/9€3k€4k▲
Other amounts payable47/48€155k€163k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€2k▲
Other operating charges640/8€681€577▼
Gross operating margin9900€52k€33k▼
Operating profit (loss)9901€50k€30k▼
Financial income75/76B€13€0▼
Recurring financial income75€13€0▼
Financial charges65/66B€247€250▲
Recurring financial charges65€247€250▲
Profit (loss) for the period before taxes9903€50k€30k▼
Income taxes67/77€10k€9k▼
Profit (loss) for the period9904€39k€21k▼
Profit (loss) for the period to be appropriated9905€39k€21k▼
Appropriation of the result
Profit (loss) to be appropriated9906€43k€25k▼
Profit (loss) brought forward from the previous period14P€3k€4k▲
Transfer to equity691/2€39k€20k▼
To other reserves6921€39k€20k▼
The notes to these accounts (5 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
30-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
31-12
Financial
Back to profitnet €39k
Net result €39k after 2 loss-making years.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 30 days late
2023
18-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €-13k ▼557%
Net result drops to €-13k, the lowest in the series; recovery starts the following year.
20-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
06-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
27-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 27 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
10-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Havelange · 1 establishment unit since 1970
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.
Route de la Cave romaine(J) 65370 HavelangeGround area
3,105 m²
Building footprint
217 m²
Volume, LiDAR
1,630 m³
2 parcels, Wallonia · tallest building 15.1 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
STUDIO A.D.R.
since 19702.003.863.909
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 91076B0222/00Y000 | Wallonia | 2,260 m² | 1 · 91 m² | - |
| 63036A0027/00W002 | Wallonia | 845 m² | 1 · 126 m² | 15.1 m · 4 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
2549009SUR0PO7KE5A31
Similar companies · same sector, comparable size
Studio PSG
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De Letterbek
BE 0828.845.895
Herzele · Eq €85,397
NEVERMORE
BE 0752.866.884
Temse · Eq €86,915
Foto Lijo
BE 0651.904.039
Mol · Eq €88,060
Fris Visuals
BE 1002.651.584
Stekene · Eq €90,482
Of 982 companies in sector 74209 we hold annual accounts for 143. 109 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded10-03-1970
Fiscal year end31-12
Activities, NACEBEL 2025
74209Other photographic activities
58190Other publishing activities, excluding software publishing
73110Advertising agencies
74201Photography, excluding press photography
93299Other amusement and recreation activities
Sources
Crossroads Bank for EnterprisesNational Bank · 47 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesWebsite:www.studioadr.be
E-mail:christophe@studioadr.be