Studio Belize
ActiveStudio Belize has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €30k and a net result of €-5k. Equity is shrinking by ~16.1% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2028. Its solvency ranks better than 76% of 17964 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0=
Solvency100=
Growth58▲+26
Stability100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity ample (current ratio 2.81 against 3.59 in 2024), and 34.5% 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 · 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
raises risk · 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 2025Solvency, return and age of the figures
Solvency
65.5%
Return on assets
-11.5%
Age of the figures
8 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity fell accordingly. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€5k
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 filingsDeviation from the deadline
2025
7 d early
2024
2 d early
2023
2 d early
2022
22 d late
2021
152 d late
2020
121 d late
2019
92 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
12-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€30k▼ 14.9%
2024 · €36k
2018: €113k
2019: €106k
2020: €120k
2021: €80k
2022: €76k
2023: €56k
2024: €36k
2018 → 2025
Total assets
€46k▼ 4.1%
2024 · €48k
2018: €138k
2019: €106k
2020: €155k
2021: €127k
2022: €152k
2023: €139k
2024: €48k
2018 → 2025
Net result
€-5k▲ 73.4%
2024 · €-20k
2018: €-16k
2019: €-7k
2020: €14k
2021: €-40k
2022: €-4k
2023: €-20k
2024: €-20k
2018 → 2025
Working capital
€29k▼ 11.4%
2024 · €33k
2018: €108k
2019: €105k
2020: €111k
2021: €69k
2022: €65k
2023: €46k
2024: €33k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€80k-€76k▼ 4.8%€56k▼ 26.7%€36k▼ 35.9%€30k▼ 14.9%
Operating result€-41k-€-6k▲ 85.3%€-23k▼ 278%€-9k▲ 62.4%€-5k▲ 42.2%
Net result€-40k-€-4k▲ 90.4%€-20k▼ 434%€-20k▲ 1.5%€-5k▲ 73.4%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €5k in 2025 against €9k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €46k
Fixed assets
€1k▼ 51.9%
Current assets
€45k▼ 0.8%
Equity and liabilities €46k
Equity
€30k▼ 14.9%
Debt
€16k▲ 26.7%
The debt ratio rises from 26.1% to 34.5%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€-3k▲
2024 · €-7k
Cash flow
€-4k▲
2024 · €-18k
Solvency
65.5%▼
2024 · 73.9%
Current ratio
2.81▼
2024 · 3.59
Quick ratio
2.81▼
2024 · 3.59
Debt / equity
0.53▲
2024 · 0.35
ROE
-17.5%▲
2024 · -56.1%
ROA
-11.5%▲
2024 · -41.5%
Interest coverage
-8.84▼
2024 · -0.60
Debt
€16k▲
2024 · €13k
Debt ≤ 1 year
€16k▲
2024 · €13k
Income taxes
€30▲
2024 · €0
Staff costs
€0▼
2024 · €15k
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€48k€46k▼
Fixed assets21/28€3k€1k▼
Intangible fixed assets21€1k€1k▼
Tangible fixed assets22/27€2k€313▼
Plant, machinery and equipment23€2k€313▼
Furniture and vehicles24€0-
Financial fixed assets28€170€170=
Current assets29/58€45k€45k▼
Amounts receivable within one year40/41€45k€45k▼
Trade receivables40€0-
Other amounts receivable41€45k€45k▼
Cash at bank and in hand54/58€45€269▲
Deferred charges and accrued income490/1€0-
Equity and liabilities
Total equity and liabilities10/49€48k€46k▼
Equity10/15€36k€30k▼
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Profit (loss) carried forward14€15k€10k▼
Amounts payable17/49€13k€16k▲
Amounts payable after more than one year17€0-
Other amounts payable178/9€0-
Amounts payable within one year42/48€13k€16k▲
Trade debts44€7k€11k▲
Suppliers440/4€7k€11k▲
Advances received on contracts in progress46€3k€3k=
Taxes, remuneration and social security45€3k€3k▲
Taxes450/3€3k€3k▲
Remuneration and social security454/9€0-
Other amounts payable47/48€0-
Income statement
Code20242025
Non-recurring operating income76A€6k€0▼
Remuneration, social security and pensions62€15k€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k▼
Other operating charges640/8€639€644▲
Gross operating margin9900€9k€-3k▼
Operating profit (loss)9901€-9k€-5k▲
Financial income75/76B€0-
Recurring financial income75€0-
Financial charges65/66B€12k€375▼
Recurring financial charges65€12k€375▼
Profit (loss) for the period before taxes9903€-20k€-5k▲
Income taxes67/77€0€30▲
Profit (loss) for the period9904€-20k€-5k▲
Profit (loss) for the period to be appropriated9905€-20k€-5k▲
Appropriation of the result
Profit (loss) to be appropriated9906€15k€10k▼
Profit (loss) brought forward from the previous period14P€35k€15k▼
The notes to these accounts (14 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
24-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
29-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Liquidity doublescurrent ratio 3.59
Current ratio from 1.56 to 3.59; short-term debt falls from €83k to €13k.
29-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
22-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 22 days late
2022
30-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 152 days late
2021
31-12
Financial
Weakest financial yearnet €-40k ▼379%
Net result drops to €-40k, the lowest in the series; recovery starts the following year.
29-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 121 days late
2020
31-12
Financial
Back to profitnet €14k
Net result €14k after 2 loss-making years.
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 92 days late
2019
31-12
Financial
Liquidity times 30current ratio 161.08
Current ratio from 5.28 to 161.08; short-term debt falls from €25k to €655.
22-10
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 83 days late
2018
19-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 30 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, Merelbeke-Melle · 1 establishment unit since 2005
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.
Industriepark 29820 Merelbeke-MelleGround area
3,765 m²
Building footprint
2,626 m²
Volume, LiDAR
20,316 m³
Parcel 44413A0078/00T000, Flanders · tallest building 8.6 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
SOFIE OPTIEK
since 20052.145.428.281
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44413A0078/00T000 | Flanders | 3,765 m² | 1 · 2,626 m² | 8.6 m · 3 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
KLAAR OPTIEK
BE 0711.959.610
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GABRIEL OPTIQUE
BE 0871.217.277
Trois-Ponts · Eq €31k
DL VISION
BE 0728.975.388
Chaudfontaine · Eq €31k
FILLEE
BE 0707.981.125
Waterloo · Eq €30k
FREEBIRD STUDIO
BE 0628.526.940
Frameries · Eq €30k
Of 1,724 companies in sector 47742 we hold annual accounts for 1,136. 818 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded06-09-2004
Fiscal year end31-12
Activities, NACEBEL
47742Retail sale of prescription glasses, lenses and sunglasses
47782Retail trade
52485
Sources
Crossroads Bank for EnterprisesNational Bank · 21 filingsAddress and cadastre registers
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.