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STUDIO BAGET

Active
Private limited companyfounded 2024active for 2 yearsKemzekedorp(KEM) 2, 9190 Stekene, BelgiumKBO/BCE: BE 1012.599.925
Summary

The computed 12-month bankruptcy probability of STUDIO BAGET is 5.8% (elevated). The 2025 annual accounts show negative equity (-€36,558) and a net result of -€41,558. Its solvency ranks better than 12% of 16,350 sector peers (NACE 56, financial year 2025). The company has been active since 2024 and the Belgian Official Gazette contains no insolvency or warning signals.

Financials · financial year 2025, micro format

Equity
-€36,558
Total assets
€52,634
Net result
-€41,558
Working capital
-€72,939

Turnover and EBIT margin not published: the micro format does not require them.

Balance-sheet composition
Assets €52,634
Fixed assets €36,381
Current assets €16,253
Equity and liabilities
Equity-€36,558
Debt€89,192
Equity is negative: debt (€89,192) exceeds the balance-sheet total (€52,634).
Key figures and ratios
2025 value
EBITDA
-€26,843
Cash flow
-€27,939
Solvency
-69.5%
Current ratio
0.18
Quick ratio
0.15
ROA
-79.0%
Interest coverage
-24.48
Debt
€89,192
Debt ≤ 1 year
€89,192
No debt to equity: equity is negative, so debt divided by equity means nothing.

Peer companies

Historical observation

Of the 7,639 companies that looked in July 2024 the way this one looks now, 8.8% went bankrupt within 24 months and 84.9% are still going.

  • Micro
  • 2 to 5 years old
  • negative equity
  • a loss of 10% of the balance sheet or more
8.8% went bankrupt
5.6% stopped otherwise
84.9% still going

A further 0.7% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a bankruptcy probability of 5.8% 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 497,470 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to highest expected share.
Group Expected Actual
1 0.2% 0.2%
2 0.3% 0.5%
3 0.5% 0.6%
4 0.7% 0.8%
5 0.9% 1.0%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 7,639 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
Filed annual accounts As filed with the NBB · 2025 · 35 lines
Balance sheet Code2025
Assets
Total assets20/58€52,634
Fixed assets21/28€36,381
Intangible fixed assets21€36,381
Current assets29/58€16,253
Stocks and contracts in progress3€2,628
Stocks30/36€2,628
Amounts receivable within one year40/41€6,312
Trade receivables40€4,532
Other amounts receivable41€1,780
Cash at bank and in hand54/58€7,207
Deferred charges and accrued income490/1€105
Equity and liabilities
Total equity and liabilities10/49€52,634
Equity10/15-€36,558
Contributions10/11€5,000
Profit (loss) carried forward14-€41,558
Amounts payable17/49€89,192
Amounts payable within one year42/48€89,192
Trade debts44€12,766
Suppliers440/4€12,766
Taxes, remuneration and social security45€3,303
Taxes450/3€3,303
Other amounts payable47/48€73,123
Income statement Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13,619
Other operating charges640/8€1,000
Non-recurring operating charges66A€1,979
Gross operating margin9900-€23,863
Operating profit (loss)9901-€40,462
Financial income75/76B€0
Recurring financial income75€0
Financial charges65/66B€1,096
Recurring financial charges65€1,096
Profit (loss) for the period before taxes9903-€41,558
Profit (loss) for the period9904-€41,558
Profit (loss) for the period to be appropriated9905-€41,558
Appropriation of the result
Profit (loss) to be appropriated9906-€41,558

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€13,619
Other operating charges640/8€1,000
Non-recurring operating charges66A€1,979
Gross operating margin9900-€23,863
Operating profit (loss)9901-€40,462
Financial income75/76B€0
Recurring financial income75€0
Financial charges65/66B€1,096
Recurring financial charges65€1,096
Profit (loss) for the period before taxes9903-€41,558
Profit (loss) for the period9904-€41,558
Profit (loss) for the period to be appropriated9905-€41,558
Line2025
Assets
Total assets20/58€52,634
Fixed assets21/28€36,381
Intangible fixed assets21€36,381
Current assets29/58€16,253
Stocks and contracts in progress3€2,628
Stocks30/36€2,628
Amounts receivable within one year40/41€6,312
Trade receivables40€4,532
Other amounts receivable41€1,780
Cash at bank and in hand54/58€7,207
Deferred charges and accrued income490/1€105
Equity and liabilities
Total equity and liabilities10/49€52,634
Equity10/15-€36,558
Contributions10/11€5,000
Profit (loss) carried forward14-€41,558
Amounts payable17/49€89,192
Amounts payable within one year42/48€89,192
Trade debts44€12,766
Suppliers440/4€12,766
Taxes, remuneration and social security45€3,303
Taxes450/3€3,303
Other amounts payable47/48€73,123
Line2025
Profit (loss) for the period9904-€41,558
+ Depreciation and write-downs630€13,619
Operating cash flow (approximation)-€27,939

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Filings with the National Bank (1)
Financial year Type Filed Reference
31-12-2025 micro format 29-06-2026 2026-00212284

Similar companies · same sector and region

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 the 21,394 active companies whose main activity is limited-service restaurants, excluding mobile food services (NACE 56112), figures are known for 9,817. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.