STUDIO BAC

Active

Private limited companyfounded 200520 yrs activeOude Luikerbaan 47, 3500 Hasselt, BelgiumKBO/BCE: BE 0876.428.454

STUDIO BAC has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €18k and a net result of €-11k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 90% of 1933 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).

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Checked score

Score 2024

62 / 100

Healthy▼ -23 vs 2023

The score combines four axes. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability0▼-100

Solvency100=

Growth22=

Stability100

Bankruptcy probability, 12 months

0.3% Very low

0%0.5%1.5%4%10%≥ 25%

Credit up to €1k at 30 days acceptable

Liquidity ample (current ratio 6.91 against 6.8 in 2023), and 14.5% of the assets are financed with debt.

How do we compute the score and the probability?

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

Lower-failure-rate sector

In this sector companies fail less often than the Belgian average.

Gazette · bankruptcies per sector, NACE 71

Relative position

BE, all sectors

reference

Sector 71

lower

← fewer bankruptcies more bankruptcies →

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 2024

Solvency, return and age of the figures

Solvency

85.5%

Return on assets

-52.7%

Age of the figures

20 mo

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Latest accounts filed on time

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 24-07-2025, 7 days ahead of the deadline.

NBB · 10 filings

Deviation from the deadline

2025

not confirmed

2024

7 d early

2023

12 d early

2022

7 d early

2021

26 d early

2020

81 d late

2019

8 d early

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, abbreviated schema

Turnover

€254k▼ 79.9%

2018 · €1.26M

2018: €1.26M

2018 → 2019

EBIT margin

36.2%▼ 1.6pp

2018 · 37.8%

2018: 37.8%

2018 → 2019

Net result

€-11k

2023 · €8k

2018: €329k 2019: €63k 2020: €25k 2021: €115k 2022: €74k 2023: €8k

2018 → 2024

Working capital

€18k▼ 38.1%

2023 · €28k

2018: €396k 2019: €460k 2020: €246k 2021: €70k 2022: €21k 2023: €28k

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€236k-€71k▼ 70.0%€20k▼ 71.0%€28k▲ 38.5%€18k▼ 38.1%

Operating result€35k-€155k▲ 339%€103k▼ 33.6%€11k▼ 89.5%€-11k

Net result€25k-€115k▲ 352%€74k▼ 36.0%€8k▼ 89.3%€-11k

Turnover and EBIT margin not published: the abbreviated schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result turns negative in 2024: a loss of €11k after €11k in 2023, the lowest year so far.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Equity and liabilities €21k

85.5%

14.5%

Equity €18k▼ 38.1%

Debt €3k▼ 39.3%

The debt ratio falls from 14.7% to 14.5%: debt falls faster than equity shrinks.

Key figures and ratios

2024 value · change against 2023

Solvency

85.5%▲

2023 · 85.3%

Current ratio

6.91▲

2023 · 6.80

Quick ratio

6.91▲

2023 · 6.80

Debt / equity

0.17▼

2023 · 0.17

ROE

-61.6%▼

2023 · 27.8%

ROA

-52.7%▼

2023 · 23.7%

Debt

€3k▼

2023 · €5k

Debt ≤ 1 year

€3k▼

2023 · €5k

Income taxes

€0▼

2023 · €3k

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€33k€21k▼

Current assets29/58€33k€21k▼

Amounts receivable within one year40/41€0€1k▲

Other amounts receivable41€0€1k▲

Cash at bank and in hand54/58€33k€19k▼

Equity and liabilities

Total equity and liabilities10/49€33k€21k▼

Equity10/15€28k€18k▼

Contributions10/11€19k€19k=

Reserves13€2k€2k=

Non-distributable reserves130/1€2k€0▼

Reserves not available under the articles1311€2k€0▼

Distributable reserves133-€2k

Profit (loss) carried forward14€8k€-3k▼

Amounts payable17/49€5k€3k▼

Amounts payable within one year42/48€5k€3k▼

Trade debts44€0-

Suppliers440/4€0-

Taxes, remuneration and social security45€4k€3k▼

Taxes450/3€4k€3k▼

Other amounts payable47/48€517€67▼

Accrued charges and deferred income492/3€0-

Income statement Code20232024

Non-recurring operating income76A€0-

Other operating charges640/8€531€1k▲

Non-recurring operating charges66A€0-

Gross operating margin9900€11k€-10k▼

Operating profit (loss)9901€11k€-11k▼

Financial charges65/66B€48€75▲

Recurring financial charges65€48€75▲

Profit (loss) for the period before taxes9903€11k€-11k▼

Income taxes67/77€3k€0▼

Profit (loss) for the period9904€8k€-11k▼

Profit (loss) for the period to be appropriated9905€8k€-11k▼

Appropriation of the result

Profit (loss) to be appropriated9906€8k€-3k▼

Profit (loss) brought forward from the previous period14P€3€8k▲

Profit to be distributed694/7€0-

Return on contributions (dividend)694€0-

Social balance

Average headcount (FTE)90870.00.0=

The notes to these accounts (2 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 12Financial 2Filings 10

2025

24-07

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema

2024

31-12

Financial Weakest financial yearnet €-11k ▼237%

Net result drops to €-11k, the lowest in the series.

19-07

NBB filing Annual accounts filed

fiscal year 2023 · abbreviated schema

2023

31-12

Financial Liquidity times 6current ratio 6.80

Current ratio from 1.13 to 6.80; short-term debt falls from €155k to €5k.

24-07

NBB filing Annual accounts filed

fiscal year 2022 · abbreviated schema

2022

05-07

NBB filing Annual accounts filed

fiscal year 2021 · abbreviated schema

2021

20-10

NBB filing Annual accounts filed

fiscal year 2020 · abbreviated schema · 81 days late

2020

23-07

NBB filing Annual accounts filed

fiscal year 2019 · abbreviated schema

2019

22-08

NBB filing Annual accounts filed

fiscal year 2018 · abbreviated schema · 22 days late

2018

21-06

NBB filing Annual accounts filed

fiscal year 2017 · abbreviated schema

2017

20-07

NBB filing Annual accounts filed

fiscal year 2016 · abbreviated schema

2016

29-08

NBB filing Annual accounts filed

fiscal year 2015 · abbreviated schema · 29 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

4 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, Hasselt · 1 establishment unit since 2007

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.

Oude Luikerbaan 473500 Hasselt

Ground area

328 m²

Building footprint

91 m²

Volume, LiDAR

605 m³

Parcel 71328D0276/00D004, Flanders · tallest building 11.5 m, ±2 floors. Linked by address, not a title deed.

1 establishment unit

BEN ARCHITECTS

Oude Luikerbaan 47, 3500 HasseltActivities of building architects

since 20072.163.691.106

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
71328D0276/00D004	Flanders	328 m²	1 · 91 m²	11.4 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

INGENIEURSBUREAU GLASSEE

BE 0730.988.634

Nijlen · Eq €18k

Of 18,210 companies in sector 71111 we hold annual accounts for 6,291. 4,270 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded03-10-2005

Fiscal year end31-12

Activities, NACEBEL

71111Activities of building architects

74201Photography, excluding press photography

Sources

Crossroads Bank for EnterprisesNational Bank · 19 filingsAddress and cadastre registers

Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.