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Studio Belize

Active
Private limited companyfounded 2004active for 22 yearsIndustriepark 2, 9820 Merelbeke-Melle, BelgiumKBO/BCE: BE 0867.220.283

From the official registers: KBO 21 annual accounts at the National Bank publications in the Belgian Official Gazette

Summary

The computed 12-month bankruptcy probability of Studio Belize is 1.7% (moderate). The 2025 annual accounts show equity of €30,419 and a net result of -€5,338. Equity has been shrinking by about 16% per year since 2018. If that trend continues, it turns negative around financial year 2028. Its solvency ranks better than 77% of 22,726 sector peers (NACE 47, financial year 2025). The company has been active since 2004 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Official details

KBO
Status
Active since 06-09-2004 Normal situation
Activity
Retail sale of prescription glasses, lenses and sunglasses NACE 47742
Establishment unit
2.145.428.281 9820 Merelbeke-Melle, since 19-01-2005
Financial year end
31 December
Peppol
Reachable since 21-10-2026

Board and ownership

Board
  • Bauwens OlivierDirector

Financial position

54 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
1.7%
Annual accounts 2025
Gross margin
-€2,673
Loss
€5,338
▼ 73.4%
Equity
€30,419
▼ 14.9%
Total assets
€46,413
▼ 4.1%
Turnover not published (abbreviated or micro format)
Filed on 24-07-2026, 7 days before the deadlineat the National Bank
Score breakdownraises risk1 change of registered office in 24 monthsLoss of €5,338, the second in a row (financial year 2025)Sector: Retail trade (NACE 47)Liquidity: current ratio 2.81, cash €269Show the evidence

Checked score

Score 2025
54 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially stronger than 37% of micro companies in retail trade (NACE 47)
Financial strength · tick: 2024
Weak
Solvency 91-8
equity 65.5% of total assets
Liquidity 35-5
short-term debt 34.5% · cash 0.6%
Profitability 4+4
return on assets -11.5%
Bankruptcy probability within 12 months
1.7% Moderate
0%0.5%1.5%4%10%≥ 25%

About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.6% (40,270 companies, NACE 47, micro)
Last 24 months 11-2024: 2.3% 12-2024: 2.3%● unchanged vs 11-2024 01-2025: 2.3%● unchanged vs 12-2024 02-2025: 2.3%● unchanged vs 01-2025 03-2025: 2.3%● unchanged vs 02-2025 04-2025: 2.4%▲ +0.1 percentage points vs 03-2025 05-2025: 5.3%▲ +2.9 percentage points vs 04-2025 06-2025: 5.2%▼ -0.1 percentage points vs 05-2025 07-2025: 5.4%▲ +0.2 percentage points vs 06-2025highest value 08-2025: 5.0%▼ -0.4 percentage points vs 07-2025 09-2025: 5.0%● unchanged vs 08-2025 10-2025: 5.0%● unchanged vs 09-2025 11-2025: 5.0%● unchanged vs 10-2025 12-2025: 5.0%● unchanged vs 11-2025 01-2026: 5.0%● unchanged vs 12-2025 02-2026: 5.0%● unchanged vs 01-2026 03-2026: 5.0%● unchanged vs 02-2026 04-2026: 5.1%▲ +0.1 percentage points vs 03-2026 05-2026: 5.0%▼ -0.1 percentage points vs 04-2026 06-2026: 4.8%▼ -0.2 percentage points vs 05-2026 07-2026: 5.1%▲ +0.3 percentage points vs 06-2026 08-2026: 4.4%▼ -0.7 percentage points vs 07-2026 09-2026: 4.4%● unchanged vs 08-2026 10-2026: 1.7%▼ -2.7 percentage points vs 09-2026lowest value
Credit of up to €1,500 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.81 (3.59 in 2024), above the usual 1.5. Short-term debt is 34.5% and cash 0.6% of total assets. 34.5% of the assets are financed with debt and provisions.
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 47, micro). It does better than 77% of them on solvency, 33% on liquidity, 15% on profitability and 23% on growth.

The bankruptcy probability was computed on 31-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Six signals.
raises riskneutral
raises risk · 1 change of registered office in 24 months
Belgian Official Gazette
raises risk · Loss of €5,338, the second in a row (financial year 2025)
NBB · annual accounts
raises risk · Sector: Retail trade (NACE 47)
KBO
raises risk · Liquidity: current ratio 2.81, cash €269
NBB · annual accounts
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025
Net result per financial year
1819202122232425
2018 to 2025 · latest year -€5,338
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-07-2026, 7 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
7 days early
2024
2 days early
2023
2 days early
2022
22 days late
2021
152 days late
2020
121 days late
2019
92 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 54 days after the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 30 July (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
01-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Risk: 5 loss-making years in a rowloss in financial year 2025 -€5,338 View

Comparable companies

These companies have the same main activity as Studio Belize: retail sale of prescription glasses, lenses and sunglasses (NACE 47742). They are comparable in size and age: total assets between €40,600 and €65,500, founded between 1992 and 2007.

CompanyTotal assetsGross margin
Studio Belize Merelbeke-Melle€46,413-€2,673
VerKey's Marche-en-Famenne€42,124€1,068
OPTIC 2014 Antwerpen€50,808-€14,084
MICHIELSEN OPTIQUE Brussel€41,792-€13,595
SB BUSINESS Wavre€63,121€1,008
BRILLEN JAN SERRY Torhout€65,547-€5,961
OPTIEK VAN WESEMAEL Destelbergen€40,638-€1,880
Full comparison

Documents

Annual accounts at the NBB

All 21 annual accounts

Acts in the Belgian Official Gazette

All publications in the Belgian Official Gazette

Articles and registers

Key facts about Studio Belize

What is the company number of Studio Belize?
The company number of Studio Belize is 0867.220.283. The VAT number is the same number with BE in front: BE 0867.220.283.
Where is Studio Belize based?
The registered office is at Industriepark 2, 9820 Merelbeke-Melle.Company details
What does Studio Belize do?
According to the KBO register, the main activity is retail sale of prescription glasses, lenses and sunglasses (NACE 47742).
What is the legal form of Studio Belize?
The legal form of Studio Belize is Private limited company (BV).
When was Studio Belize founded?
Studio Belize was founded on 06-09-2004.
Is Studio Belize still active?
Yes, Studio Belize is an active enterprise in the KBO register.
How many employees does Studio Belize have?
Studio Belize had an average of 1.8 full-time equivalents in financial year 2023, according to the filed annual accounts.Financials
What is the turnover of Studio Belize?
The annual accounts for financial year 2025 state no turnover. The abbreviated or micro format does not require it.
Is Studio Belize profitable?
In financial year 2025, Studio Belize made a loss of €5,338.
Where can I find the annual accounts of Studio Belize?
Studio Belize filed 21 annual accounts with the National Bank of Belgium, the latest for financial year 2025.Annual accounts at the National Bank
When are the next annual accounts of Studio Belize due?
Studio Belize must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

Next steps

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