Studio Axel
Annual accounts 2025
micro format, filed on 24-03-2026, 129 days before the deadlineTurnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €190,000. Estimated: probably between €110,000 and €340,000.
Balance sheet
balance sheet total €110,845 on 31-12-2025in euro
in euro
Position in the sector
76.5%
Higher than 79% of 1,871 companies in 2025.
3.66
Higher than 75% of 1,776 companies in 2025.
28.8%
Higher than 85% of 1,795 companies in 2025.
Net result: top quarter · Equity: middle half · Balance sheet total: middle half · Working capital: middle half
Filed annual accounts
as filed with the National Bank, click a year to choose it| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| Balance sheet: assets | ||||
20/58 |
110,845 | 91,191 | 68,591 | |
21/28 |
15,446 | 18,597 | 23,997 | |
22/27 |
15,446 | 18,597 | 23,997 | |
24 |
15,446 | 18,597 | 23,997 | |
29/58 |
95,398 | 72,594 | 44,594 | |
40/41 |
17,245 | 31,279 | 17,545 | |
40 |
17,243 | 31,279 | 17,545 | |
41 |
2 | 0 | - | |
54/58 |
76,967 | 40,184 | 25,838 | |
490/1 |
1,187 | 1,131 | 1,212 | |
| Balance sheet: equity and liabilities | ||||
10/49 |
110,845 | 91,191 | 68,591 | |
10/15 |
84,763 | 52,786 | 26,933 | |
10/11 |
2,000 | 2,000 | 2,000 | |
13 |
82,763 | 50,786 | 24,933 | |
133 |
82,763 | 50,786 | 24,933 | |
14 |
0 | 0 | - | |
17/49 |
26,082 | 38,404 | 41,658 | |
17 |
0 | 4,294 | 12,818 | |
170/4 |
0 | 4,294 | 12,818 | |
42/48 |
26,082 | 33,539 | 28,122 | |
42 |
4,294 | 8,524 | 8,441 | |
43 |
82 | 68 | 66 | |
430/8 |
82 | 68 | 66 | |
44 |
1,142 | 4,015 | 314 | |
440/4 |
1,142 | 4,015 | 314 | |
45 |
18,783 | 13,885 | 11,932 | |
450/3 |
18,783 | 13,885 | 11,932 | |
47/48 |
1,781 | 7,048 | 7,370 | |
492/3 |
0 | 571 | 718 | |
| Income statement | ||||
9900 |
46,922 | 41,158 | 35,755 | |
630 |
5,477 | 5,400 | 4,021 | |
640/8 |
816 | 988 | 196 | |
9901 |
40,629 | 34,770 | 31,538 | |
65/66B |
332 | 900 | 124 | |
65 |
332 | 900 | 124 | |
9903 |
40,297 | 33,870 | 31,414 | |
67/77 |
8,321 | 7,157 | 6,481 | |
9904 |
31,976 | 26,712 | 24,933 | |
9905 |
31,976 | 26,712 | 24,933 | |
| Appropriation of the result | ||||
9906 |
31,976 | 26,712 | 24,933 | |
691/2 |
31,976 | 25,853 | 24,933 | |
6921 |
31,976 | 25,853 | 24,933 | |
694/7 |
0 | 859 | - | |
694 |
0 | 859 | - | |
| Document | ||||
The notes to these accounts have 6 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the filed accounts (PDF).
Source: Annual accounts 2025 (PDF), filed on 24-03-2026.
Filings
each dot is a set of accounts, on the day it reached the National BankKey figures and ratios
per financial year, computed from the annual accounts| Line | Trend | 2025 | 2024 | 2023 |
|---|---|---|---|---|
| 46,106 | 40,170 | 35,560 | ||
| 37,453 | 32,112 | 28,954 | ||
| 2,326 | 0 | 27,000 | ||
| 36,783 | 14,347 | - | ||
| 69,317 | 39,055 | 16,472 | ||
| 76.5% | 57.9% | 39.3% | ||
| 3.66 | 2.16 | 1.59 | ||
| 0.31 | 0.73 | 1.55 | ||
| 37.7% | 50.6% | 92.6% | ||
| 28.8% | 29.3% | 36.4% | ||
| over 100 | 44.62 | over 100 |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
Investments
fixed assets acquired| Item | 2025 | 2024 | 2023 |
|---|---|---|---|
| Tangible fixed assets | €2,326 | - | €27,000 |
| €5,477 | €5,400 | €4,021 |
Source: notes to the 2023 to 2025 annual accounts (statement of fixed assets)
Insights on Studio Axel
The operating result for 2025 is 17% higher than in 2024 and the highest since 2023. It is the second rise in a row.
Debt's share of the balance-sheet total falls from 42.1% to 23.5%. Equity is higher and debt is lower.