Debts
Of this, €253,586 falls due within a year.
Of this, €253,586 falls due within a year.
Green is investment, beige is depreciation. Land and buildings stand 51.6% higher than in 2024.
Short-term debts rose from €161,563 to €253,586.
The dashed line is the sector median: 0.3% across 1,614 companies (NACE 18, micro).
About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 18, micro). It does better than 28% of them on solvency, 36% on liquidity, 38% on profitability and 66% on growth.
The bankruptcy probability was computed on 05-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
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).
In July 2024, 4,685 companies had the same profile as STUDIO BRIX has now. Each dot stands for 12 companies, two years later.
That fits the bankruptcy probability of STUDIO BRIX itself: 0.4% within 12 months.
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 4,685 companies, not a prediction for STUDIO BRIX. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Liquidity is insufficient, with a current ratio of 0.33 (2.04 in 2024), below 1. Short-term debt is 19.2% and cash 2.8% of total assets. 78.9% of the assets are financed with debt and provisions.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
The company filed its last 7 accounts on average 13 days after the deadline. In the sector (NACE 18), the median for financial year 2024 was 5 days before the deadline, and 38% of those companies filed late.
| Company | Total assets | Gross margin | Solvency | Staff |
|---|---|---|---|---|
| STUDIO BRIX Bonheiden | €1.3m | €134,315 | 21.1% | - |
| TEST OV Brussels | €1.4m | €209,231 | 64.6% | - |
| A.V. IMAGE Sint-Niklaas | €0.7m | €116,110 | 42.5% | - |
| STUDIO MM Vilvoorde | €0.6m | €104,487 | -36.5% | - |
| KUREV Anzegem | €0.6m | €58,486 | 33.8% | - |
| NELL.COM Wevelgem | €0.5m | €206,143 | 91.0% | - |
| CNR RECORDS Niel | €1.3m | €448,667 | 5.5% | 6.1 |
These companies have the same main activity as STUDIO BRIX: printing and reproduction of recorded media (NACE 18200). They are comparable in size and age: total assets between €487,000 and €1.4m, founded between 1983 and 2005.
STUDIO BRIX files the abbreviated format. That format states no turnover. The gross margin rose from €8,617 in 2016 to €134,315 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The abbreviated or micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €340,000. Estimated: probably between €210,000 and €640,000.
Higher than 31% of 359 companies in 2025.
Higher than 7% of 353 companies in 2025.
Higher than 44% of 356 companies in 2025.
Net result: middle half · Equity: middle half · Balance sheet total: top quarter · Working capital: bottom quarter
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | |||||||||||
Total assets20/58 |
1.3m | 1.1m | 1.2m | 1.1m | 634,653 | 960,775 | 680,855 | 146,623 | 98,956 | 22,874 | |
Formation expenses20 |
813 | - | - | - | - | - | - | - | - | - | |
Fixed assets21/28 |
1.2m | 798,304 | 825,154 | 387,507 | 414,057 | 358,317 | 129,125 | 40,766 | 18,676 | 12,719 | |
Tangible fixed assets22/27 |
1.2m | 778,459 | 805,309 | 387,257 | 413,807 | 358,317 | 129,125 | 40,766 | 18,676 | 12,719 | |
Land and buildings22 |
1.1m | 717,313 | 731,581 | 297,281 | 296,839 | 269,604 | 79,729 | 660 | 990 | 1,320 | |
Plant, machinery and equipment23 |
12,400 | 14,680 | 14,878 | 24,784 | 27,584 | 20,427 | 14,737 | 12,112 | 15,819 | 10,901 | |
Furniture and vehicles24 |
119,645 | 46,466 | 58,851 | 65,192 | 89,383 | 68,287 | 34,659 | 27,994 | 1,867 | 498 | |
Financial fixed assets28 |
19,845 | 19,845 | 19,845 | 250 | 250 | - | - | - | - | - | |
Current assets29/58 |
83,358 | 329,000 | 407,637 | 671,716 | 220,596 | 602,458 | 551,730 | 105,857 | 80,280 | 10,154 | |
Stocks and contracts in progress3 |
- | - | - | 506,632 | 10,011 | 445,775 | 419,854 | 12,829 | - | - | |
Stocks30/36 |
- | - | - | 506,632 | 10,011 | 445,775 | 419,854 | 12,829 | - | - | |
Amounts receivable within one year40/41 |
38,948 | 25,118 | 56,781 | 23,909 | 198,396 | 93,377 | 31,188 | 23,549 | 26,231 | 4,244 | |
Trade receivables40 |
38,948 | - | 2,843 | 23,909 | 18,100 | 71,437 | 26,427 | 23,549 | 26,231 | 2,301 | |
Other amounts receivable41 |
- | 25,118 | 53,938 | - | 180,296 | 21,941 | 4,761 | - | - | 1,943 | |
Current investments50/53 |
- | 289,718 | 332,547 | 2,755 | 2,755 | - | 41,375 | 62,671 | 23,800 | - | |
Cash at bank and in hand54/58 |
37,442 | 5,256 | 11,723 | 134,420 | 5,433 | 59,306 | 55,313 | 6,808 | 25,748 | 5,911 | |
Deferred charges and accrued income490/1 |
6,969 | 8,909 | 6,585 | 4,000 | 4,000 | 4,000 | 4,000 | - | 4,500 | - | |
| Balance sheet: equity and liabilities | |||||||||||
Total equity and liabilities10/49 |
1.3m | 1.1m | 1.2m | 1.1m | 634,653 | 960,775 | 680,855 | 146,623 | 98,956 | 22,874 | |
Equity10/15 |
278,639 | 252,002 | 341,350 | 179,981 | 176,902 | 163,760 | 125,312 | 79,292 | 41,033 | 6,665 | |
Contributions10/11 |
6,600 | 6,600 | 6,600 | 6,600 | 6,600 | 6,600 | 6,600 | 6,600 | 6,600 | 6,600 | |
Capital10 |
6,600 | 6,600 | 6,600 | 6,600 | - | - | - | - | - | - | |
Issued capital100 |
18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 18,600 | 6,600 | |
Uncalled capital101 |
12,000 | 12,000 | 12,000 | 12,000 | 12,000 | 12,000 | 12,000 | 12,000 | 12,000 | - | |
Reserves13 |
272,039 | 247,318 | 334,750 | 173,381 | 170,302 | 157,160 | 118,712 | 72,692 | 34,433 | 280 | |
Non-distributable reserves130/1 |
280 | 280 | 1,860 | 1,860 | 1,860 | - | - | - | - | - | |
Legal reserve130 |
280 | 280 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 1,860 | 280 | |
Tax-exempt reserves132 |
- | - | - | - | 31,000 | 31,000 | 31,000 | 31,000 | 31,000 | - | |
Distributable reserves133 |
271,759 | 247,038 | 332,890 | 171,521 | 137,442 | 124,300 | 85,852 | 39,832 | 1,573 | - | |
Profit (loss) carried forward14 |
- | -1,916 | - | - | - | - | - | - | - | -215 | |
Amounts payable17/49 |
1.0m | 875,303 | 891,442 | 879,242 | 457,751 | 797,015 | 555,543 | 67,330 | 57,923 | 16,208 | |
Amounts payable after more than one year17 |
791,017 | 713,740 | 786,203 | 563,446 | 246,125 | 621,387 | 81,747 | - | - | - | |
Financial debts170/4 |
791,017 | 713,740 | 786,203 | 563,446 | 246,125 | 621,387 | 81,747 | - | - | - | |
Amounts payable within one year42/48 |
253,586 | 161,563 | 104,414 | 309,925 | 206,469 | 164,379 | 460,296 | 67,330 | 57,923 | 16,208 | |
Current portion of amounts payable after more than one year42 |
96,246 | 71,884 | 76,052 | 63,923 | 41,271 | 36,188 | 18,175 | 14,501 | 14,501 | 14,501 | |
Trade debts44 |
17,939 | 4,084 | 21,310 | - | 7,277 | 50,545 | 332,279 | 6,011 | 5,353 | 1,136 | |
Suppliers440/4 |
17,939 | 4,084 | 21,310 | - | 7,277 | 50,545 | 332,279 | 6,011 | 5,353 | 1,136 | |
Taxes, remuneration and social security45 |
4,531 | 7,954 | - | 8,070 | 6,346 | 1,851 | 8,042 | 24,343 | 23,776 | 154 | |
Taxes450/3 |
4,531 | 7,954 | - | 8,070 | 6,346 | 1,851 | 8,042 | 24,343 | 23,776 | 154 | |
Other amounts payable47/48 |
134,870 | 77,640 | 7,052 | 237,932 | 151,576 | 75,796 | 101,800 | 22,475 | 14,293 | 418 | |
Accrued charges and deferred income492/3 |
- | - | 824 | 5,870 | 5,157 | 11,250 | 13,500 | - | - | - | |
| Income statement | |||||||||||
Non-recurring operating income76A |
661 | - | 1,810 | 1,086 | - | - | - | - | - | - | |
Gross operating margin9900 |
134,315 | 50,334 | 278,402 | 73,299 | 75,581 | 89,772 | 91,291 | 85,180 | 70,202 | 8,617 | |
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 |
67,993 | 43,687 | 76,670 | 36,200 | 32,096 | 27,552 | 17,071 | 16,157 | 13,725 | 7,956 | |
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 |
- | - | -2,002 | 2,002 | - | - | - | - | - | - | |
Other operating charges640/8 |
5,311 | 5,603 | 13,026 | 4,596 | 4,356 | 9,098 | 7,813 | 2,309 | 482 | 273 | |
Non-recurring operating charges66A |
- | - | - | - | 397 | - | - | 225 | - | - | |
Operating profit (loss)9901 |
61,012 | 1,044 | 190,708 | 30,500 | 38,732 | 53,122 | 66,406 | 66,489 | 55,996 | 387 | |
Financial income75/76B |
4,915 | 13,369 | 64,890 | 4 | - | 1,945 | 1,457 | 1,922 | - | 2 | |
Recurring financial income75 |
4,915 | 13,369 | 64,890 | 4 | - | 1,945 | 1,457 | 1,066 | - | 2 | |
Non-recurring financial income76B |
- | - | - | - | - | - | - | 856 | - | - | |
Financial charges65/66B |
24,726 | 12,586 | 32,640 | 18,360 | 15,887 | 7,995 | 1,367 | 1,745 | 1,053 | 604 | |
Recurring financial charges65 |
24,726 | 12,586 | 32,640 | 18,360 | 15,887 | 7,408 | 1,222 | 1,745 | 1,053 | 604 | |
Non-recurring financial charges66B |
- | - | - | - | - | 587 | 145 | - | - | - | |
Profit (loss) for the period before taxes9903 |
41,201 | 1,828 | 222,958 | 12,145 | 22,845 | 47,072 | 66,496 | 66,666 | 54,942 | -215 | |
Income taxes67/77 |
14,564 | 3,744 | 61,590 | 9,065 | 9,704 | 8,624 | 20,476 | 28,407 | 20,574 | 1 | |
Profit (loss) for the period9904 |
26,638 | -1,916 | 161,368 | 3,080 | 13,141 | 38,448 | 46,020 | 38,259 | 34,368 | -215 | |
Transfer from tax-exempt reserves789 |
- | - | - | 31,000 | - | - | - | - | - | - | |
Transfer to tax-exempt reserves689 |
- | - | - | - | - | - | - | - | 31,000 | - | |
Profit (loss) for the period to be appropriated9905 |
26,638 | -1,916 | 161,368 | 34,080 | 13,141 | 38,448 | 46,020 | 38,259 | 3,368 | -215 | |
| Appropriation of the result | |||||||||||
Profit (loss) to be appropriated9906 |
24,721 | -1,916 | 161,368 | 34,080 | 13,141 | 38,448 | 46,020 | 38,259 | 3,153 | -215 | |
Profit (loss) brought forward from the previous period14P |
-1,916 | - | - | - | - | - | - | - | - | - | |
Transfer from equity791/2 |
- | 87,432 | - | - | - | - | - | - | - | - | |
Transfer to equity691/2 |
24,721 | - | 161,368 | 34,080 | 13,141 | 38,448 | 46,020 | 38,259 | 3,153 | - | |
To the legal reserve6920 |
- | - | - | - | - | - | - | - | 1,580 | - | |
To other reserves6921 |
24,721 | - | 161,368 | 34,080 | 13,141 | 38,448 | 46,020 | 38,259 | 1,573 | - | |
Profit to be distributed694/7 |
- | 87,432 | - | - | - | - | - | - | - | - | |
Return on contributions (dividend)694 |
- | 87,432 | - | - | - | - | - | - | - | - | |
| Document | |||||||||||
The notes to these accounts have 10 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 31-08-2026.
2025 annual accounts filed 31 days after the deadline. 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, 2026-00470293.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | abbreviated format | 31-08-2026 | 2026-00470293 | |
| 31-12-2024 | micro format | 04-08-2025 | 2025-00354388 | |
| 31-12-2023 | micro format | 09-09-2024 | 2024-00458569 | |
| 31-03-2022 | micro format | 25-10-2022 | 2022-20473181 | |
| 31-03-2021 | micro format | 26-10-2021 | 2021-73400141 | |
| 31-03-2020 | micro format | 27-11-2020 | 2020-72500222 | |
| 31-03-2019 | micro format | 31-10-2019 | 2019-72700043 | |
| 31-03-2018 | micro format | 24-10-2018 | 2018-70100268 | |
| 31-03-2017 | micro format | 26-10-2017 | 2017-68100257 | |
| 31-03-2016 | abbreviated format | 04-10-2016 | 2016-64800419 |
| Line | Trend | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EBITDA | 129,005 | 44,731 | 267,378 | 66,701 | 70,828 | 80,674 | 83,478 | 82,646 | 69,720 | 8,343 | |
| Cash flow | 94,631 | 41,770 | 238,038 | 39,280 | 45,237 | 66,000 | 63,091 | 54,416 | 48,093 | 7,741 | |
| Investment in fixed assets | 508,613 | 16,837 | 514,317 | 17,656 | 87,835 | 256,744 | 105,430 | 38,247 | 19,682 | 14,325 | |
| Change in cash | 32,186 | -6,467 | -122,696 | 128,986 | -53,873 | 3,993 | 48,505 | -18,940 | 19,838 | - | |
| Working capital | -170,228 | 167,438 | 303,223 | 361,791 | 14,127 | 438,080 | 91,434 | 38,526 | 22,357 | -6,054 | |
| Solvency | 21.1% | 22.4% | 27.7% | 17.0% | 27.9% | 17.0% | 18.4% | 54.1% | 41.5% | 29.1% | |
| Current ratio | 0.33 | 2.04 | 3.90 | 2.17 | 1.07 | 3.67 | 1.20 | 1.57 | 1.39 | 0.63 | |
| Quick ratio | 0.33 | 2.04 | 3.90 | 0.53 | 1.02 | 0.95 | 0.29 | 1.38 | 1.39 | 0.63 | |
| Debt to equity | 3.75 | 3.47 | 2.61 | 4.89 | 2.59 | 4.87 | 4.43 | 0.85 | 1.41 | 2.43 | |
| ROE | 9.6% | -0.8% | 47.3% | 1.7% | 7.4% | 23.5% | 36.7% | 48.3% | 83.8% | -3.2% | |
| ROA | 2.0% | -0.2% | 13.1% | 0.3% | 2.1% | 4.0% | 6.8% | 26.1% | 34.7% | -0.9% | |
| Interest coverage | 5.22 | 3.55 | 8.19 | 3.63 | - | - | - | - | - | - |
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 2025 | 2024 | 2023 | 31-03-2022 |
|---|---|---|---|---|
| Tangible fixed assets | €508,613 | €16,837 | €494,722 | €17,656 |
| Financial fixed assets | - | - | €19,595 | - |
| Depreciation and write-downs of the year | €67,993 | €43,687 | €76,670 | €36,200 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is over 58 times that of 2024. It is a recovery after the fall in 2024.
Debt's share of the balance-sheet total rises from 77.6% to 78.9%. Equity and debt are higher.
STUDIO BRIX has no parent and no holdings in its annual accounts. STUDIO BRIX shares no director with another company.
| No Brix No Glory
registered office since 20-11-2015 · founded in 2015 |
total assets €604,013 (2025) 0643.505.027 |
| SPRINT INVEST
registered office since 06-05-2021 · founded in 2021 |
total assets €600,776 (2025) 0767.892.481 |
| De Asbestlijn
registered office since 01-07-2023 · founded in 2020 |
total assets €16,095 (2025) 0747.569.892 |
| Vastgoedeffect
registered office since 23-05-2023 · founded in 2023 |
total assets €6,578 (2025) 0801.975.313 |
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Lange Veldstraat 35 registered office 2820 Bonheiden 46180 Agents specialised in the wholesale of other particular products | 14-04-2005 | 2.147.715.008 |
| 06-10-2025 | Granted | Nieuwbouw van bijgebouwen en niet overdekte lage constructie; Verbouwen en/of uitbreiden met functiewijziging en met wijziging van aantal woongelegenheden; Verwijderen van vrijstaande bijgebouwen, niet-overdekte lage constructies of andere beperkte handelingen submitted 15-07-2025 · project 2025084155 | Waasmunster |
| 01-10-2024 | Granted | Nieuwbouw van bijgebouwen, niet-overdekte lage constructies en andere handelingen; Verbouwen en/of uitbreiden met functiewijziging en met wijziging van aantal woongelegenheden; Verwijderen van vrijstaande bijgebouwen, niet-overdekte lage constructies of andere beperkte handelingen submitted 19-07-2024 · project 2024102189 | Bonheiden |
| 11-03-2024 | Discontinued | Nieuwbouw van bijgebouwen, niet-overdekte lage constructies en andere handelingen; Verbouwen en/of uitbreiden met functiewijziging en met wijziging van aantal woongelegenheden; Verwijderen van vrijstaande bijgebouwen, niet-overdekte lage constructies of andere beperkte handelingen submitted 06-06-2023 · project 2023076928 | Provincie Antwerpen |
| 12-06-2023 | Discontinued | Verbouwen en/of uitbreiden met functiewijziging en met wijziging van aantal woongelegenheden submitted 21-03-2023 · project 2023031445 | Bonheiden |
| 17-09-2019 | Granted | Verbouwen en/of uitbreiden zonder functiewijziging en zonder wijziging van aantal woongelegenheden submitted 08-07-2019 · project 2019089792 | Bonheiden |
Source: Omgevingsloket Vlaanderen.
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 12005C0162/00W002 | 118 m² | - | - |
If something looks wrong or is missing, please tell us.