STUDIO BOURGOIS
ActiveFrom the official registers: KBO 4 annual accounts at the National Bank publications in the Belgian Official Gazette
Summary
STUDIO BOURGOIS has been active since 2022 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €22,482 and a net result of €10,680. Equity is growing by about 61% per year across the filed financial years. Its solvency ranks better than 64% of 11,752 sector peers (NACE 71, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
Official details
KBO- Status
- Active since 13-09-2022 Normal situation
- Legal form
- Private limited company
- Registered office
- Proefbosstraat 57, 3730 Bilzen-Hoeselt
- Activity
- Activities of building architects NACE 71111and 2 others
- Establishment unit
- 2.336.513.234 3730 Bilzen-Hoeselt, since 13-09-2022
- Financial year end
- 31 December
- Peppol
- Reachable since 21-09-2025
How it is doing
- Bankruptcy probabilitywithin 12 months
- 0.1%
- Gross margin
- €16,867
- ▲ 166%
- Turnover
- ≈ €110,000
- estimated
- Profit
- €10,680
- ▲ 313%
- Equity
- €22,482
- ▲ 90.5%
- Total assets
- €33,344
- ▲ 51.8%
Why 97raises riskLast filed accounts filed 31 days late; 1 of the last 3 latelowers riskSector: Architectural and engineering activities; technical testing and analysis (NACE 71)Liquidity: current ratio 1.63, cash €10,585Figures for financial year 2025 (filed 02-09-2026)Show the evidence
Checked score
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 71, micro): better than 66% on solvency, 67% on liquidity, 88% on profitability and 90% 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 4 accounts on average 23 days after the deadline; the sector median (NACE 71) for financial year 2024 is 8 days before the deadline, and 34% of those companies filed late.
Searched, nothing found (2)
Financials · financial year 2025, micro format
2025 annual accounts filed late (31 days) Filed on 31 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00485492.
Annual accounts 2025
- Financial year ended
- 31-12-2025
- Filed on
- 31-08-2026
- Format
- micro format
- Reference
- 2026-00485492
2022 to 2025, 4 financial years
The operating result recovers in 2025; 2025 is nearly 3.3 times 2024 and is the highest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 71, Architectural and engineering activities; technical testing and analysis: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 39,278 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 95.9% are still going.
- Micro
- 2 to 5 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
For this company itself Checked computes a lower bankruptcy probability: 0.1% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 0.9% |
| 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 39,278 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.
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €166 | €894 | €1,204 | €1,595 | ▲ 32.4% |
| Other operating charges640/8 | €378 | €785 | €650 | €668 | ▲ 2.8% |
| Gross operating margin9900 | €3,860 | €8,451 | €6,338 | €16,867 | ▲ 166% |
| Operating profit (loss)9901 | €3,317 | €6,772 | €4,484 | €14,604 | ▲ 226% |
| Financial income75/76B | €0 | €4 | €1 | €0 | ▼ 100% |
| Recurring financial income75 | €0 | €4 | €1 | €0 | ▼ 100% |
| Financial charges65/66B | €19 | €318 | €77 | €169 | ▲ 119% |
| Recurring financial charges65 | €19 | €318 | €77 | €169 | ▲ 119% |
| Profit (loss) for the period before taxes9903 | €3,298 | €6,458 | €4,408 | €14,435 | ▲ 227% |
| Income taxes67/77 | €902 | €2,136 | €1,823 | €3,755 | ▲ 106% |
| Profit (loss) for the period9904 | €2,396 | €4,322 | €2,585 | €10,680 | ▲ 313% |
| Profit (loss) for the period to be appropriated9905 | €2,396 | €4,322 | €2,585 | €10,680 | ▲ 313% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €19,847 | €24,620 | €21,967 | €33,344 | ▲ 51.8% |
| Fixed assets21/28 | €3,724 | €2,830 | €4,633 | €18,038 | ▲ 289% |
| Tangible fixed assets22/27 | €3,724 | €2,830 | €4,633 | €18,038 | ▲ 289% |
| Plant, machinery and equipment23 | €1,764 | €1,392 | €1,020 | €15,497 | ▲ 15× |
| Furniture and vehicles24 | €1,961 | €1,438 | €3,613 | €2,541 | ▼ 29.7% |
| Current assets29/58 | €16,122 | €21,790 | €17,334 | €15,306 | ▼ 11.7% |
| Amounts receivable within one year40/41 | €9,383 | €13,827 | €9,310 | €2,560 | ▼ 72.5% |
| Trade receivables40 | €9,383 | €13,753 | €8,892 | €2,560 | ▼ 71.2% |
| Other amounts receivable41 | - | €74 | €417 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €5,974 | €5,802 | €5,831 | €10,585 | ▲ 81.5% |
| Deferred charges and accrued income490/1 | €765 | €2,161 | €2,193 | €2,161 | ▼ 1.5% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €19,847 | €24,620 | €21,967 | €33,344 | ▲ 51.8% |
| Equity10/15 | €4,896 | €9,218 | €11,802 | €22,482 | ▲ 90.5% |
| Contributions10/11 | €2,500 | €2,500 | €2,500 | €2,500 | = |
| Profit (loss) carried forward14 | €2,396 | €6,718 | €9,302 | €19,982 | ▲ 115% |
| Amounts payable17/49 | €14,951 | €15,402 | €10,165 | €10,862 | ▲ 6.9% |
| Amounts payable within one year42/48 | €14,201 | €14,402 | €9,165 | €9,362 | ▲ 2.2% |
| Trade debts44 | €2,158 | €809 | €3,359 | €25 | ▼ 99.3% |
| Suppliers440/4 | €2,158 | €809 | €3,359 | €25 | ▼ 99.3% |
| Taxes, remuneration and social security45 | €6,926 | €5,668 | €5,805 | €6,533 | ▲ 12.5% |
| Taxes450/3 | €5,324 | €4,391 | €4,203 | €4,931 | ▲ 17.3% |
| Remuneration and social security454/9 | €1,602 | €1,277 | €1,602 | €1,602 | = |
| Other amounts payable47/48 | €5,117 | €7,925 | €0 | €2,804 | - |
| Accrued charges and deferred income492/3 | €750 | €1,000 | €1,000 | €1,500 | ▲ 50.0% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2,396 | €4,322 | €2,585 | €10,680 | ▲ 313% |
| + Depreciation and write-downs630 | €166 | €894 | €1,204 | €1,595 | ▲ 32.4% |
| Operating cash flow (approximation) | €2,562 | €5,216 | €3,789 | €12,275 | ▲ 224% |
| Investment in fixed assets (approximation) | - | €0 | -€3,007 | -€15,000 | ▼ 399% |
| Change in cash | - | -€172 | €29 | €4,754 | ▲ 163× |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| BOURGOIS Elien Daniëlle Christine |
|
How the board is organised
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each director alone
- Board ruleHow the board is made up, meets and takes decisions.
- “1, natuurlijke personen die gerechtigd zijn het beroep van architect uit te oefenen”
Oversight and winding up
- Statutory auditorA statutory auditor is a registered auditor who checks the accounts; small companies need not have one. According to the deed, the legal criteria do not require one here.
- No statutory auditor
Articles of association, deed of 15-09-2022
Owners and capital
Capital and shareholders
- BOURGOIS Elien Daniëlle Christine 100 shares (100%) · €2,500
- 15-09-2022 Incorporation · €2,500 · 100 shares
Other provisions of the articles of association
- Other provisionsRules from the articles on subjects other than the board, the shares, the purpose and the meetings.
- Other provision: “Bestemming van de winst - reserves, algemene vergadering”
Articles of association, deed of 15-09-2022 (in Dutch)
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
15-09
Gazette deed
IncorporationAppointment: BOURGOIS Elien Daniëlle Christine (director) · Registered office clause · Board rule10 facts ▸
- Other provision, “Slot- en overgangsbepalingen-uitwerking, overeenkomstig de wet” (deed in Dutch)
- Registered office clause, “3730 Hoeselt,Proefbosstraat 57” (deed in Dutch)
- Board rule, 1
- Director appointment, BOURGOIS Elien Daniëlle Christine (director (not named in the articles))
- Pre-incorporation commitments, “takeover, alle verbintenissen en verplichtingen en alle activiteiten in naam en voor rekening van vennootschap in oprichting” (deed in Dutch)
- Incorporation, “STUDIO BOURGOIS” (deed in Dutch)
- Founder, BOURGOIS Elien Daniëlle Christine
- Founding capital, €2,500
- Bank account, “vennootschap in oprichting, deponering stortingen” (deed in Dutch)
- Other provision, “bevestiging deponering, plaatsgevonden overeenkomstig bepalingen” (deed in Dutch)
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
Register details
Who it is
KBO recordWhere it is based
What it does
NACEBEL 2025Invoicing and payment
Financial year and general meeting
Accounts at the NBBScores and ratios are computed by Checked and are not a credit decision.
Purpose, financial year and meetings according to the articles of association
What the company does
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- STUDIO BOURGOIS
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaamse Gewest, enkel besluit”
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- 17 May at 19:00
Articles of association, deed of 15-09-2022 (in Dutch)
Environmental permits: No permit applications found in Flanders.
Sites & property
1 establishment unit
Buildings and parcels at the address
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 73032B0599/00C000 | Flanders | 2,482 m² | 1 · 209 m² | - |