Studio Baxton
ActiveStudio Baxton has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €95k and a net result of €29k. Equity is growing by ~8.6% per year across the filed fiscal years. Its solvency ranks better than 66% of 18035 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Checked score
Score 2025
91
/ 100
Excellent▲ +48 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100▲+100
Solvency96▲+19
Growth78▲+26
Stability100
Bankruptcy probability, 12 months
1.2%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9k at 30 days acceptable
Liquidity ample (current ratio 2.07 against 1.66 in 2024), and 46.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 47
Relative position
BE, all sectors
reference
Sector 47
higher
← fewer bankruptcies
more bankruptcies →
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
53.2%
Return on assets
16.1%
Age of the figures
9 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
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 03-08-2026, 3 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
3 d late
2024
29 d late
2023
33 d late
2022
28 d early
2021
4 d early
2020
50 d early
2019
118 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€261k
EBIT margin
8.9%
Net result
€29k
2024 · €-28k
2018: €25k
2019: €17k
2020: €6k
2021: €50k
2022: €47k
2023: €-48k
2024: €-28k
2018 → 2025
Working capital
€87k▲ 43.5%
2024 · €60k
2018: €44k
2019: €51k
2020: €68k
2021: €170k
2022: €90k
2023: €66k
2024: €60k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€109k-€142k▲ 30.8%€94k▼ 33.9%€66k▼ 29.7%€95k▲ 43.5%
Operating result€77k-€70k▼ 9.1%€-36k€-21k▲ 41.2%€36k
Net result€50k-€47k▼ 6.8%€-48k€-28k▲ 42.0%€29k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €36k after a loss of €21k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €179k
Fixed assets
€11k▲ 7.4%
Current assets
€168k▲ 10.8%
Equity and liabilities €179k
Equity
€95k▲ 43.5%
Debt
€84k▼ 12.3%
The debt ratio falls from 59.0% to 46.8%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€41k▲
2024 · €-89
Cash flow
€34k▲
2024 · €-7k
Solvency
53.2%▲
2024 · 41.0%
Current ratio
2.07▲
2024 · 1.66
Quick ratio
0.33▲
2024 · 0.29
Debt / equity
0.88▼
2024 · 1.44
ROE
30.3%▲
2024 · -42.2%
ROA
16.1%▲
2024 · -17.3%
Interest coverage
7.19▲
2024 · -0.01
Debt
€84k▼
2024 · €95k
Debt ≤ 1 year
€81k▼
2024 · €91k
Staff costs
€99k▼
2024 · €101k
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 · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€162k€179k▲
Fixed assets21/28€10k€11k▲
Intangible fixed assets21€9k€10k▲
Tangible fixed assets22/27€811€39▼
Plant, machinery and equipment23€0-
Furniture and vehicles24€811€39▼
Other tangible fixed assets26€0-
Current assets29/58€152k€168k▲
Stocks and contracts in progress3€125k€141k▲
Stocks30/36€125k€141k▲
Amounts receivable within one year40/41€20k€17k▼
Trade receivables40€5k€6k▲
Other amounts receivable41€15k€11k▼
Cash at bank and in hand54/58€5k€9k▲
Deferred charges and accrued income490/1€940€285▼
Equity and liabilities
Total equity and liabilities10/49€162k€179k▲
Equity10/15€66k€95k▲
Contributions10/11€20k€20k=
Reserves13€46k€75k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Distributable reserves133€44k€73k▲
Amounts payable17/49€95k€84k▼
Amounts payable within one year42/48€91k€81k▼
Financial debts43€0-
Credit institutions430/8€0-
Trade debts44€22k€9k▼
Suppliers440/4€22k€9k▼
Taxes, remuneration and social security45€19k€8k▼
Taxes450/3€7k€4k▼
Remuneration and social security454/9€11k€4k▼
Other amounts payable47/48€51k€65k▲
Accrued charges and deferred income492/3€4k€2k▼
Income statement
Code20242025
Remuneration, social security and pensions62€101k€99k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€21k€5k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€1k€2k▲
Other operating charges640/8€434€447▲
Gross operating margin9900€102k€142k▲
Operating profit (loss)9901€-21k€36k▲
Financial income75/76B€0€3▲
Recurring financial income75€0€3▲
Financial charges65/66B€7k€7k▲
Recurring financial charges65€7k€6k▼
Non-recurring financial charges66B-€1k
Profit (loss) for the period before taxes9903€-28k€29k▲
Profit (loss) for the period9904€-28k€29k▲
Profit (loss) for the period to be appropriated9905€-28k€29k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-28k€29k▲
Transfer from equity791/2€28k€0▼
Transfer to equity691/2-€29k
To other reserves6921-€29k
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
03-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 3 days late
2025
31-12
Financial
Back to profitnet €29k
Net result €29k after 2 loss-making years.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
02-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 33 days late
2023
31-12
Financial
Weakest financial yearnet €-48k ▼203%
Net result drops to €-48k, the lowest in the series; recovery starts the following year.
03-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
27-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €50k ▲769%
Operating result €77k, net result €50k, both a record.
31-12
Financial
Liquidity doublescurrent ratio 4.37
Current ratio from 1.86 to 4.37; short-term debt falls from €79k to €50k.
31-12
Financial
Equity above €100kEq €109k ▲85.2%
4 profitable years in a row build equity to €109k.
11-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
26-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 118 days late
15-04
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 259 days late
2019
21-02
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 205 days late
2017
27-09
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 58 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Brussel · 1 establishment unit since 2013
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.
Oud Korenhuis 291000 BrusselGround area
500 m²
Building footprint
180 m²
Volume, LiDAR
2,276 m³
Parcel 21004A1506/00B000, Brussels · tallest building 19.1 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
STUDIO BAXTON
since 20132.225.826.039
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21004A1506/00B000 ProtectedMonumentDe Gulde Sterre - voorgevel en dak |
Brussels | 500 m² | 1 · 180 m² | 19.1 m · 4 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.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Similar companies · same sector, comparable size
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JOZIE
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M.G. OPTICS
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OPTIEK LEEN
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Of 1,725 companies in sector 47742 we hold annual accounts for 1,136. 996 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded11-12-2013
Fiscal year end31-12
Activities, NACEBEL
47742Retail sale of prescription glasses, lenses and sunglasses
47782Retail trade
Sources
Crossroads Bank for EnterprisesNational Bank · 12 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.