STUDIO B
ActiveSummary
STUDIO B has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (-€274,790) and a net result of -€11,237. Equity is shrinking by ~4.6% per year across the filed fiscal years. Its solvency ranks better than 9% of 19375 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability67=
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
short-term debt: 0.1% and cash: 19.3% of total assets, and equity is negative.
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Signals
Five 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 68
Relative position
BE, all sectors
reference
Real estate activities (NACE 68)
about 43% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
-33.2%
Return on assets
-1.4%
Age of the figures
21 mo
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
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year -€274,790
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 03-07-2025, 28 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
28 d early
2023
6 d early
2022
28 d early
2021
2 d early
2020
31 d late
2019
21 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 2 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, micro schema
Equity
-€274,790▼ 4.3%
2023 · -€263,553
Total assets
€828,149▼ 1.6%
2023 · €841,825
Net result
-€11,237▼ 5.3%
2023 · -€10,672
Working capital
€163,093▲ 1.3%
2023 · €161,053
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€20,904▼ 174%-€8,065▲ 61.4%-€5,800▲ 28.1%-€10,393▼ 79.2%-€11,389▼ 9.6%
Net result-€21,305below the sector's middle half▲ 81.2%-€8,110below the sector's middle half▲ 61.9%-€5,943within the sector's middle half▲ 26.7%-€10,672below the sector's middle half▼ 79.6%-€11,237below the sector's middle half▼ 5.3%
Equity-€238,827below the sector's middle half▼ 9.8%-€246,937below the sector's middle half▼ 3.4%-€252,881below the sector's middle half▼ 2.4%-€263,553below the sector's middle half▼ 4.2%-€274,790below the sector's middle half▼ 4.3%
Total assets€867,258within the sector's middle half▼ 3.3%€858,741within the sector's middle half▼ 1.0%€852,247within the sector's middle half▼ 0.8%€841,825within the sector's middle half▼ 1.2%€828,149within the sector's middle half▼ 1.6%
Debt€1.1m▼ 0.7%€1.1m=€1.1m=€1.1m=€1.1m▼ 0.2%
Working capital€142,105above the sector's middle half▼ 4.6%€148,233above the sector's middle half▲ 4.3%€156,527above the sector's middle half▲ 5.6%€161,053above the sector's middle half▲ 2.9%€163,093above the sector's middle half▲ 1.3%
Solvency-27.5%below the sector's middle half▼ 3.3pp-28.8%below the sector's middle half▼ 1.2pp-29.7%below the sector's middle half▼ 0.9pp-31.3%below the sector's middle half▼ 1.6pp-33.2%below the sector's middle half▼ 1.9pp
Current ratio36.16above the sector's middle half▲ 22.8641.78above the sector's middle half▲ 5.6251.76above the sector's middle half▲ 9.9868.84above the sector's middle half▲ 17.08
Return on assets (ROA)-2.5%below the sector's middle half▲ 10.2pp-0.9%within the sector's middle half▲ 1.5pp-0.7%within the sector's middle half▲ 0.2pp-1.3%within the sector's middle half▼ 0.6pp-1.4%within the sector's middle half▼ 0.1pp
above
within
below
the middle half (P25 to P75) of NACE 68, Real estate activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €11,389 in 2024 against €10,393 in 2023; the loss grows.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €828,149
Fixed assets
€664,161 ▼ 2.1%
Current assets
€163,988 ▲ 0.3%
Key figures and ratios
EBITDA
€2,848▼
2023 · €3,845
Cash flow
€3,001▼
2023 · €3,565
Debt to equity
-4.01▲
2023 · -4.19
Interest coverage
21.21▲
2023 · 13.76
Debt ≤ 1 year
€895▼
2023 · €2,374
Debt > 1 year
€1.1m=
2023 · €1.1m
A ratio outside any meaningful range has been withheld (balance sheet total €828,149, equity -€274,790).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 1,242 companies that looked in July 2024 the way this one looks now, 1.6% went bankrupt within 24 months and 93% are still going.
- Small
- 20 years or older
- negative equity
- a small loss
1.6%
went bankrupt
3.8%
stopped otherwise
93%
still going
A further 1.9% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 1,242 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €14,238 | €14,238 | €14,238 | €14,238 | €14,238 | = |
| Other operating charges640/8 | - | €6,757 | €2,073 | €2,263 | €2,316 | ▲ 2.3% |
| Gross operating margin9900 | -€2,353 | €12,929 | €10,511 | €6,108 | €5,164 | ▼ 15.5% |
| Operating profit (loss)9901 | -€20,904 | -€8,065 | -€5,800 | -€10,393 | -€11,389 | ▼ 9.6% |
| Financial income75/76B | - | - | - | - | €287 | - |
| Recurring financial income75 | €0 | - | - | - | €287 | - |
| Financial charges65/66B | - | €45 | €144 | €280 | €134 | ▼ 52.0% |
| Recurring financial charges65 | €401 | €45 | €144 | €280 | €134 | ▼ 52.0% |
| Profit (loss) for the period before taxes9903 | -€21,305 | -€8,110 | -€5,943 | -€10,672 | -€11,237 | ▼ 5.3% |
| Income taxes67/77 | €0 | -€0 | €0 | - | - | - |
| Profit (loss) for the period9904 | -€21,305 | -€8,110 | -€5,943 | -€10,672 | -€11,237 | ▼ 5.3% |
| Profit (loss) for the period to be appropriated9905 | -€21,305 | -€8,110 | -€5,943 | -€10,672 | -€11,237 | ▼ 5.3% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €867,258 | €858,741 | €852,247 | €841,825 | €828,149 | ▼ 1.6% |
| Fixed assets21/28 | €721,111 | €706,874 | €692,636 | €678,399 | €664,161 | ▼ 2.1% |
| Tangible fixed assets22/27 | €721,111 | €706,874 | €692,636 | €678,399 | €664,161 | ▼ 2.1% |
| Land and buildings22 | - | €706,874 | €692,636 | €678,399 | €664,161 | ▼ 2.1% |
| Financial fixed assets28 | €0 | - | - | - | - | - |
| Current assets29/58 | €146,146 | €151,867 | €159,611 | €163,427 | €163,988 | ▲ 0.3% |
| Amounts receivable within one year40/41 | €3,628 | €619 | €848 | €639 | €725 | ▲ 13.5% |
| Trade receivables40 | - | €0 | €209 | €0 | - | - |
| Other amounts receivable41 | - | €619 | €639 | €639 | €725 | ▲ 13.5% |
| Cash at bank and in hand54/58 | €142,518 | €148,748 | €157,512 | €161,481 | €160,213 | ▼ 0.8% |
| Deferred charges and accrued income490/1 | - | €2,500 | €1,250 | €1,307 | €3,050 | ▲ 133% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €867,258 | €858,741 | €852,247 | €841,825 | €828,149 | ▼ 1.6% |
| Equity10/15 | -€238,827 | -€246,937 | -€252,881 | -€263,553 | -€274,790 | ▼ 4.3% |
| Contributions10/11 | - | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €1,859 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Non-distributable reserves130/1 | - | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Reserves not available under the articles1311 | - | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Profit (loss) carried forward14 | -€259,279 | -€267,389 | -€273,332 | -€284,004 | -€295,241 | ▼ 4.0% |
| Amounts payable17/49 | €1.1m | €1.1m | €1.1m | €1.1m | €1.1m | ▼ 0.2% |
| Amounts payable after more than one year17 | €1.1m | €1.1m | €1.1m | €1.1m | €1.1m | = |
| Other amounts payable178/9 | - | €1.1m | €1.1m | €1.1m | €1.1m | = |
| Amounts payable within one year42/48 | €4,041 | €3,635 | €3,084 | €2,374 | €895 | ▼ 62.3% |
| Trade debts44 | €1,067 | €2,092 | €1,451 | €747 | €735 | ▼ 1.5% |
| Suppliers440/4 | - | €2,092 | €1,451 | €747 | €735 | ▼ 1.5% |
| Taxes, remuneration and social security45 | - | €0 | - | - | - | - |
| Taxes450/3 | - | €0 | - | - | - | - |
| Other amounts payable47/48 | - | €1,542 | €1,632 | €1,627 | €160 | ▼ 90.2% |
| Accrued charges and deferred income492/3 | - | - | - | €960 | €0 | ▼ 100% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€21,305 | -€8,110 | -€5,943 | -€10,672 | -€11,237 | ▼ 5.3% |
| + Depreciation and write-downs630 | €14,238 | €14,238 | €14,238 | €14,238 | €14,238 | = |
| Operating cash flow (approximation) | -€7,068 | €6,128 | €8,294 | €3,565 | €3,001 | ▼ 15.8% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €0 | - |
| Change in cash | - | €6,230 | €8,764 | €3,969 | -€1,268 | ▼ 132% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
03-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Liquidity triplescurrent ratio 183.31
Current ratio from 68.84 to 183.31; short-term debt falls from €2,374 to €895.
25-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Liquidity triplescurrent ratio 36.16
Current ratio from 13.31 to 36.16; short-term debt falls from €12,109 to €4,041.
21-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 21 days late
2019
31-12
Financial
Weakest financial yearnet -€113,405
Net result drops to -€113,405, the lowest in the series; recovery starts the following year.
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
24-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 24 days late
2017
24-07
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Genk · 1 establishment unit since 1994
Ground area
2,210 m²
Building footprint
152 m²
Volume, LiDAR
772 m³
Parcel 71307H0002/00F148, Flanders · tallest building 9.3 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
STUDIO B
since 19942.065.751.293
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71307H0002/00F148 | Flanders | 2,210 m² | 1 · 152 m² | 9.3 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
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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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 9,146 companies in sector 68201 we hold annual accounts for 6,775. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded14-02-1994
Fiscal year end31-12
Activities, NACEBEL 2025
68201Renting and operating of own or leased residential real estate, excluding social housing
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
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Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.