Studio Bast
ActiveSummary
Studio Bast has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2k and a net result of €42k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 15% of 7058 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.3% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency27▼-73
Growth58▼-20
Track record94
Bankruptcy probability, 12 months
1.3%
Low
0%0.5%1.5%4%10%≥ 25%
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
2.5%
Return on assets
45.8%
Age of the figures
12 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 7058 sector peers (2025).
NBB · sector comparisonPosition among 7058 sector peers
Solvency
better than 15%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 29-04-2026, 1 day ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
1 d early
2024
on the day
2023
2 d late
2022
on the day
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€2k▼ 97.8%
2024 · €101k
2022: €24k
2023: €62k▲ +160% vs 2022
2024: €101k▲ +61.5% vs 2023highest in 4 years
2025: €2k▼ -97.8% vs 2024lowest in 4 years
2022 → 2025
Total assets
€91k▼ 26.9%
2024 · €124k
2022: €77klowest in 4 years
2023: €95k▲ +23.5% vs 2022
2024: €124k▲ +31.6% vs 2023highest in 4 years
2025: €91k▼ -26.9% vs 2024
2022 → 2025
Net result
€42k▲ 8.9%
2024 · €38k
2022: €22klowest in 4 years
2023: €38k▲ +75.1% vs 2022
2024: €38k▼ -0.3% vs 2023
2025: €42k▲ +8.9% vs 2024highest in 4 years
2022 → 2025
Working capital
€-55k
2024 · €36k
2022: €-17k
2023: €-2k▲ +88.0% vs 2022
2024: €36k▲ +1836% vs 2023highest in 4 years
2025: €-55k▼ -254% vs 2024lowest in 4 years
2022 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€24k-€62k▲ 160%€101k▲ 61.5%€2k▼ 97.8%
2022: €24k
2023: €62k▲ +160% vs 2022
2024: €101k▲ +61.5% vs 2023highest in 4 years
2025: €2k▼ -97.8% vs 2024lowest in 4 years
Operating result€28k-€49k▲ 75.8%€49k▲ 0.3%€56k▲ 15.0%
2022: €28klowest in 4 years
2023: €49k▲ +75.8% vs 2022
2024: €49k▲ +0.3% vs 2023
2025: €56k▲ +15.0% vs 2024highest in 4 years
Net result€22k-€38k▲ 75.1%€38k▼ 0.3%€42k▲ 8.9%
2022: €22klowest in 4 years
2023: €38k▲ +75.1% vs 2022
2024: €38k▼ -0.3% vs 2023
2025: €42k▲ +8.9% vs 2024highest in 4 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen three years in a row; 2025 is 15% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €91k
Fixed assets
€60k ▼ 7.4%
Current assets
€31k ▼ 48.2%
Equity and liabilities €91k
Equity
€2k ▼ 97.8%
Debt
€89k ▲ 271%
Debt's share of the balance-sheet total rises from 19.2% to 97.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€65k▲
2024 · €56k
Cash flow
€51k▲
2024 · €46k
Current ratio
0.36▼
2024 · 2.49
Debt to equity
39.50▲
2024 · 0.24
ROA
45.8%▲
2024 · 30.7%
Interest coverage
23.31▼
2024 · 327.62
Debt ≤ 1 year
€86k▲
2024 · €24k
Debt > 1 year
€3k
Income taxes
€12k▲
2024 · €10k
A ratio outside any meaningful range has been withheld (balance sheet total €91k, equity €2k).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 49 lines
Balance sheet
Code20242025
Assets
Total assets20/58€124k€91k▼
Fixed assets21/28€65k€60k▼
Tangible fixed assets22/27€65k€60k▼
Land and buildings22€56k€51k▼
Plant, machinery and equipment23€5k€4k▼
Furniture and vehicles24€3k€5k▲
Current assets29/58€60k€31k▼
Amounts receivable within one year40/41€8k€19k▲
Trade receivables40€8k€18k▲
Other amounts receivable41-€776
Cash at bank and in hand54/58€49k€10k▼
Deferred charges and accrued income490/1€2k€2k▲
Equity and liabilities
Total equity and liabilities10/49€124k€91k▼
Equity10/15€101k€2k▼
Contributions10/11€2k€2k=
Reserves13€99k€246▼
Distributable reserves133€99k€246▼
Amounts payable17/49€24k€89k▲
Amounts payable after more than one year17-€3k
Financial debts170/4-€3k
Amounts payable within one year42/48€24k€86k▲
Current portion of amounts payable after more than one year42-€2k
Trade debts44€7k€2k▼
Suppliers440/4€7k€2k▼
Taxes, remuneration and social security45€16k€30k▲
Taxes450/3€14k€28k▲
Remuneration and social security454/9€2k€2k=
Other amounts payable47/48€513€52k▲
Accrued charges and deferred income492/3-€265
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€9k▲
Other operating charges640/8€715€1k▲
Non-recurring operating charges66A€7k€1k▼
Gross operating margin9900€64k€68k▲
Operating profit (loss)9901€49k€56k▲
Financial income75/76B€3-
Recurring financial income75€3-
Financial charges65/66B€172€3k▲
Recurring financial charges65€172€3k▲
Profit (loss) for the period before taxes9903€49k€53k▲
Income taxes67/77€10k€12k▲
Profit (loss) for the period9904€38k€42k▲
Profit (loss) for the period to be appropriated9905€38k€42k▲
Appropriation of the result
Profit (loss) to be appropriated9906€99k€42k▼
Profit (loss) brought forward from the previous period14P€60k-
Transfer from equity791/2-€98k
Transfer to equity691/2€99k-
To other reserves6921€99k-
Profit to be distributed694/7-€140k
Return on contributions (dividend)694-€140k
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Non-recurring operating income76A | €93 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7k | €10k | €7k | €9k | ▲ 21.4% |
| Other operating charges640/8 | €239 | €604 | €715 | €1k | ▲ 47.0% |
| Non-recurring operating charges66A | - | - | €7k | €1k | ▼ 80.5% |
| Gross operating margin9900 | €34k | €60k | €64k | €68k | ▲ 5.4% |
| Operating profit (loss)9901 | €28k | €49k | €49k | €56k | ▲ 15.0% |
| Financial income75/76B | €15 | - | €3 | - | - |
| Recurring financial income75 | €15 | - | €3 | - | - |
| Financial charges65/66B | €8 | €78 | €172 | €3k | ▲ 1,528% |
| Recurring financial charges65 | €8 | €78 | €172 | €3k | ▲ 1,528% |
| Profit (loss) for the period before taxes9903 | €28k | €49k | €49k | €53k | ▲ 9.6% |
| Income taxes67/77 | €6k | €10k | €10k | €12k | ▲ 12.2% |
| Profit (loss) for the period9904 | €22k | €38k | €38k | €42k | ▲ 8.9% |
| Profit (loss) for the period to be appropriated9905 | €22k | €38k | €38k | €42k | ▲ 8.9% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €77k | €95k | €124k | €91k | ▼ 26.9% |
| Fixed assets21/28 | €41k | €64k | €65k | €60k | ▼ 7.4% |
| Tangible fixed assets22/27 | €41k | €64k | €65k | €60k | ▼ 7.4% |
| Land and buildings22 | - | €30k | €56k | €51k | ▼ 9.3% |
| Plant, machinery and equipment23 | €2k | €4k | €5k | €4k | ▼ 21.5% |
| Furniture and vehicles24 | €39k | €30k | €3k | €5k | ▲ 49.5% |
| Financial fixed assets28 | €150 | €150 | - | - | - |
| Current assets29/58 | €35k | €30k | €60k | €31k | ▼ 48.2% |
| Amounts receivable within one year40/41 | €14k | €18k | €8k | €19k | ▲ 127% |
| Trade receivables40 | €14k | €12k | €8k | €18k | ▲ 118% |
| Other amounts receivable41 | €124 | €7k | - | €776 | - |
| Cash at bank and in hand54/58 | €21k | €11k | €49k | €10k | ▼ 80.3% |
| Deferred charges and accrued income490/1 | €515 | €527 | €2k | €2k | ▲ 11.2% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €77k | €95k | €124k | €91k | ▼ 26.9% |
| Equity10/15 | €24k | €62k | €101k | €2k | ▼ 97.8% |
| Contributions10/11 | €2k | €2k | €2k | €2k | = |
| Reserves13 | - | - | €99k | €246 | ▼ 99.8% |
| Distributable reserves133 | - | - | €99k | €246 | ▼ 99.8% |
| Profit (loss) carried forward14 | €22k | €60k | - | - | - |
| Amounts payable17/49 | €53k | €32k | €24k | €89k | ▲ 271% |
| Amounts payable after more than one year17 | - | - | - | €3k | - |
| Financial debts170/4 | - | - | - | €3k | - |
| Amounts payable within one year42/48 | €53k | €32k | €24k | €86k | ▲ 259% |
| Current portion of amounts payable after more than one year42 | - | - | - | €2k | - |
| Trade debts44 | €3k | €13k | €7k | €2k | ▼ 74.1% |
| Suppliers440/4 | €3k | €13k | €7k | €2k | ▼ 74.1% |
| Taxes, remuneration and social security45 | €8k | €19k | €16k | €30k | ▲ 87.6% |
| Taxes450/3 | €6k | €17k | €14k | €28k | ▲ 97.6% |
| Remuneration and social security454/9 | €2k | €2k | €2k | €2k | = |
| Other amounts payable47/48 | €42k | - | €513 | €52k | ▲ 10,105% |
| Accrued charges and deferred income492/3 | - | - | - | €265 | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €22k | €38k | €38k | €42k | ▲ 8.9% |
| + Depreciation and write-downs630 | €7k | €10k | €7k | €9k | ▲ 21.4% |
| Operating cash flow (approximation) | €28k | €49k | €46k | €51k | ▲ 10.9% |
| Investment in fixed assets (approximation) | - | €-34k | €-8k | €-4k | ▲ 47.1% |
| Change in cash | - | €-9k | €38k | €-40k | ▼ 205% |
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
Next filing, fiscal year 2026, expected by
2026
29-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-09
Financial
Highest result since 2022net €42k ▲8.9%
Operating result €56k, net result €42k, both a record.
30-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Liquidity triplescurrent ratio 2.49
Current ratio from 0.94 to 2.49; short-term debt falls from €32k to €24k.
30-09
Financial
Equity above €100kEq €101k ▲61.5%
3 profitable years in a row build equity to €101k.
02-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 2 days late
2023
30-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 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, Lokeren · 1 establishment unit since 2022
Ground area
1,366 m²
Building footprint
121 m²
Parcel 46014A0782/00Y000, Flanders. Linked by address, not a title deed.
1 establishment unit
Studio Bast
since 20222.325.645.175
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46014A0782/00Y000 | Flanders | 1,366 m² | 1 · 121 m² | - |
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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Of 9,862 companies in sector 73110 we hold annual accounts for 3,753. 888 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded28-12-2021
Fiscal year end30-09
Activities, NACEBEL 2025
73110Advertising agencies
62200Computer consultancy and computer facilities management
73300Public relations and communication consultancy
Scores and ratios are computed by Checked and are not a credit decision.