Studio AG
ActiveStudio AG has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (€-28k) and a net result of €-68k. Equity is shrinking by ~7.6% per year across the filed fiscal years. Its solvency ranks better than 5% of 4360 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2024
7
/ 100
Critical▼ -33 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100▲+100
Solvency33▼-3
Growth32▼-20
Stability100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.3 against 1.22 in 2023), and equity is negative.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
-230.2%
Return on assets
-560.2%
Age of the figures
20 mo
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 · 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
raises risk · Negative equity
Equity is negative for financial year 2024: liabilities exceed assets. This is the trigger point of the alarm-bell procedure (Belgian CAC).
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year -€28k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 07-07-2025, 24 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
24 d early
2023
14 d early
2022
34 d early
2021
69 d early
2020
31 d early
2019
29 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€-28k
2023 · €40k
2018: €35k
2019: €53k
2020: €39k
2021: €39k
2022: €43k
2023: €40k
2018 → 2024
Total assets
€12k▼ 93.3%
2023 · €179k
2018: €52k
2019: €76k
2020: €47k
2021: €51k
2022: €394k
2023: €179k
2018 → 2024
Net result
€-68k▼ 2,190%
2023 · €-3k
2018: €10k
2019: €18k
2020: €-15k
2021: €407
2022: €4k
2023: €-3k
2018 → 2024
Working capital
€-28k
2023 · €30k
2018: €30k
2019: €42k
2020: €24k
2021: €25k
2022: €30k
2023: €30k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€39k-€39k▲ 1.1%€43k▲ 10.1%€40k▼ 6.9%€-28k
Operating result€-14k-€683€13k▲ 1,758%€3k▼ 80.1%€-67k
Net result€-15k-€407€4k▲ 866%€-3k€-68k▼ 2,190%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2024: a loss of €67k after €3k in 2023, the lowest year so far.
Key figures and ratios
EBITDA
€-67k▼
2023 · €8k
Cash flow
€-68k▼
2023 · €3k
Solvency
-230.2%▼
2023 · 22.3%
Current ratio
0.30▼
2023 · 1.22
Quick ratio
0.30▼
2023 · 1.22
Debt / equity
-1.43▼
2023 · 3.49
ROE
243.3%▲
2023 · -7.4%
ROA
-560.2%▼
2023 · -1.6%
Interest coverage
-59.95▼
2023 · 1.83
Debt
€40k▼
2023 · €140k
Debt ≤ 1 year
€40k▼
2023 · €140k
Income taxes
€165▼
2023 · €939
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€179k€12k▼
Fixed assets21/28€10k€0▼
Tangible fixed assets22/27€10k€0▼
Plant, machinery and equipment23€7k€0▼
Furniture and vehicles24€2k€0▼
Current assets29/58€170k€12k▼
Amounts receivable within one year40/41€63k€12k▼
Trade receivables40€63k€12k▼
Cash at bank and in hand54/58€107k€0▼
Equity and liabilities
Total equity and liabilities10/49€179k€12k▼
Equity10/15€40k€-28k▼
Contributions10/11€18k€18k=
Reserves13€24k€24k=
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€24k€24k=
Profit (loss) carried forward14€-3k€-71k▼
Amounts payable17/49€140k€40k▼
Amounts payable within one year42/48€140k€40k▼
Trade debts44€8k€0▼
Suppliers440/4€8k€0▼
Taxes, remuneration and social security45€8k€4k▼
Taxes450/3€8k€4k▼
Other amounts payable47/48€124k€36k▼
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€0▼
Other operating charges640/8€1k€290▼
Non-recurring operating charges66A-€32k
Gross operating margin9900€10k€-34k▼
Operating profit (loss)9901€3k€-67k▼
Financial income75/76B€10€0▼
Recurring financial income75€10€0▼
Financial charges65/66B€5k€1k▼
Recurring financial charges65€5k€1k▼
Profit (loss) for the period before taxes9903€-2k€-68k▼
Income taxes67/77€939€165▼
Profit (loss) for the period9904€-3k€-68k▼
Profit (loss) for the period to be appropriated9905€-3k€-68k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-3k€-71k▼
Profit (loss) brought forward from the previous period14P€60€-3k▼
Transfer to equity691/2€0-
To other reserves6921€0-
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
2025
07-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-68k
Net result drops to €-68k, the lowest in the series.
17-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
27-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
23-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Back to profitnet €407
Net result €407 after one loss-making year.
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
02-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Highest result since 2018net €18k ▲74.7%
Operating result €27k, net result €18k, both a record.
17-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
03-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
12-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
28-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 directors, no change since 2025
VERSTRAETE Ludwig
CurrentDirector · since 17-04-2025
Frank Vandevelde
CurrentDirector · since 10-01-2024
17-04-2025
VERSTRAETE Ludwig: Appointed as Director
01-12-2024
Stephanie INGELS: Resigned as Director
10-01-2024
Frank Vandevelde: Resigned as Director
10-01-2024
Frank Vandevelde: Appointed as Director
09-05-2022
Stephanie INGELS: Appointed as Director
Location & real-estate footprint
Registered office, Ingelmunster · 1 establishment unit since 1994
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.
Meulebekestraat 1718770 IngelmunsterGround area
511 m²
Building footprint
148 m²
Volume, LiDAR
1,025 m³
Parcel 36007B0268/00H000, Flanders · tallest building 10.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
ADVANCED TRADE SYSTEMS
since 19942.067.878.662
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36007B0268/00H000 | Flanders | 510 m² | 1 · 148 m² | 10.3 m · 2 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.
Similar companies · same sector, comparable size
VILVOORDE PRINT
BE 0795.616.269
Schaarbeek · Eq €40k
Hoyhym
BE 0803.901.653
Heist-op-den-Berg · Eq €40k
Poke The Bear
BE 0644.973.784
Merelbeke-Melle · Eq €40k
WHYZZLE
BE 0654.974.286
Hasselt · Eq €40k
ANDRE’ STREETFURNITURE
BE 0805.889.262
Nieuwerkerken (Limb.) · Eq €40k
Of 6,289 companies in sector 74120 we hold annual accounts for 1,001. 870 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded17-02-1993
Fiscal year end31-12
Abbreviation NL
A.T.S
Activities, NACEBEL
74120Graphic design and visual communication
74130Interior design
68201Renting and operating of own or leased residential real estate, excluding social housing
74140Other specialised design activities
Sources
Crossroads Bank for EnterprisesNational Bank · 31 filingsAddress and cadastre registers
Data from official sources, last processed on 13-09-2026. Scores and ratios are computed by Checked and are not a credit decision.