STUDIO COCO
ActiveSummary
STUDIO COCO has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €72,556 and a net result of €21,380. Equity is growing by ~7.9% per year across the filed fiscal years. Its solvency ranks better than 55% of 2151 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability94▲+6
Solvency93▼-7
Growth52=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6,000 at 30 days acceptable
Liquidity ample (current ratio 2.97 against 4.64 in 2023; short-term debt: 30.3% and cash: 51.3% of total assets), and 32.1% of the assets are financed with debt.
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Signals
Two signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 86
Relative position
BE, all sectors
reference
Human health activities (NACE 86)
about 87% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 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 · 7 filingsDeviation from the deadline
2025
not confirmed
2024
61 d late
2023
51 d late
2022
26 d late
2021
3 d early
2020
31 d early
2019
18 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 20 days after the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, abbreviated schema
Equity
€72,556▼ 19.5%
2023 · €90,176
Total assets
€106,809▼ 5.3%
2023 · €112,736
Net result
€21,380▲ 20.1%
2023 · €17,796
Working capital
€63,817▼ 22.3%
2023 · €82,176
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result€11,777▼ 41.4%€16,529▲ 40.3%€16,942▲ 2.5%€8,202▼ 51.6%€27,582▲ 236%
Net result€8,520▲ 65.8%€6,718▼ 21.2%€12,403▲ 84.6%€17,796▲ 43.5%€21,380▲ 20.1%
Equity€58,759▲ 5.4%€65,477▲ 11.4%€77,880▲ 18.9%€90,176▲ 15.8%€72,556▼ 19.5%
Total assets€71,267▲ 22.2%€76,634▲ 7.5%€95,764▲ 25.0%€112,736▲ 17.7%€106,809▼ 5.3%
Debt€12,508▲ 383%€11,157▼ 10.8%€17,884▲ 60.3%€22,560▲ 26.1%€34,253▲ 51.8%
Working capital€56,727▲ 1.8%€58,445▲ 3.0%€70,864▲ 21.2%€82,176▲ 16.0%€63,817▼ 22.3%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2024; 2024 is 236% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €106,809
Fixed assets
€10,678 ▲ 33.5%
Current assets
€96,131 ▼ 8.2%
Equity and liabilities €106,809
Equity
€72,556 ▼ 19.5%
Debt
€34,253 ▲ 51.8%
Debt's share of the balance-sheet total rises from 20.0% to 32.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€28,205▲
2023 · €9,262
Cash flow
€22,003▲
2023 · €18,856
Current ratio
2.97▼
2023 · 4.64
Debt to equity
0.47▲
2023 · 0.25
ROE
29.5%▲
2023 · 19.7%
ROA
20.0%▲
2023 · 15.8%
Interest coverage
154.13▲
2023 · 54.16
Debt ≤ 1 year
€32,314▲
2023 · €22,560
Debt > 1 year
€1,939
Income taxes
€7,500▲
2023 · €6,784
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,964 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.5%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 26,964 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.
Annual accounts
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €15,100 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,016 | - | €1,016 | €1,060 | €623 | ▼ 41.2% |
| Other operating charges640/8 | - | €441 | €468 | €176 | €791 | ▲ 349% |
| Gross operating margin9900 | €13,234 | €16,970 | €18,426 | €9,438 | €28,996 | ▲ 207% |
| Operating profit (loss)9901 | €11,777 | €16,529 | €16,942 | €8,202 | €27,582 | ▲ 236% |
| Financial income75/76B | - | €1 | €702 | €16,549 | €1,481 | ▼ 91.1% |
| Recurring financial income75 | - | €1 | €702 | €1,449 | €1,481 | ▲ 2.2% |
| Non-recurring financial income76B | - | - | - | €15,100 | - | - |
| Financial charges65/66B | - | €80 | €237 | €171 | €183 | ▲ 7.0% |
| Recurring financial charges65 | €64 | €80 | €237 | €171 | €183 | ▲ 7.0% |
| Profit (loss) for the period before taxes9903 | €11,713 | €16,450 | €17,407 | €24,580 | €28,880 | ▲ 17.5% |
| Income taxes67/77 | €3,193 | €9,732 | €5,004 | €6,784 | €7,500 | ▲ 10.6% |
| Profit (loss) for the period9904 | €8,520 | €6,718 | €12,403 | €17,796 | €21,380 | ▲ 20.1% |
| Profit (loss) for the period to be appropriated9905 | €8,520 | €6,718 | €12,403 | €17,796 | €21,380 | ▲ 20.1% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €71,267 | €76,634 | €95,764 | €112,736 | €106,809 | ▼ 5.3% |
| Fixed assets21/28 | €2,032 | €7,032 | €7,016 | €8,000 | €10,678 | ▲ 33.5% |
| Tangible fixed assets22/27 | €2,032 | €2,032 | €1,016 | €2,000 | €4,678 | ▲ 134% |
| Plant, machinery and equipment23 | - | - | - | €2,000 | €1,796 | ▼ 10.2% |
| Furniture and vehicles24 | - | €2,032 | €1,016 | - | €2,882 | - |
| Financial fixed assets28 | - | €5,000 | €6,000 | €6,000 | €6,000 | = |
| Current assets29/58 | €69,235 | €69,602 | €88,748 | €104,736 | €96,131 | ▼ 8.2% |
| Amounts receivable after more than one year29 | - | - | €54,000 | €54,000 | €26,000 | ▼ 51.9% |
| Trade receivables290 | - | - | €54,000 | €54,000 | €26,000 | ▼ 51.9% |
| Amounts receivable within one year40/41 | €289 | €289 | €289 | €2,597 | €15,050 | ▲ 480% |
| Trade receivables40 | - | €289 | €289 | €1,429 | €15,050 | ▲ 953% |
| Other amounts receivable41 | - | - | - | €1,168 | - | - |
| Cash at bank and in hand54/58 | €64,137 | €69,313 | €34,459 | €32,344 | €54,820 | ▲ 69.5% |
| Deferred charges and accrued income490/1 | - | - | - | €15,795 | €261 | ▼ 98.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €71,267 | €76,634 | €95,764 | €112,736 | €106,809 | ▼ 5.3% |
| Equity10/15 | €58,759 | €65,477 | €77,880 | €90,176 | €72,556 | ▼ 19.5% |
| Contributions10/11 | - | - | - | €5,000 | €5,000 | = |
| Reserves13 | €58,500 | €65,200 | €77,500 | €67,000 | €33,000 | ▼ 50.7% |
| Distributable reserves133 | - | €65,200 | €77,500 | €67,000 | €33,000 | ▼ 50.7% |
| Profit (loss) carried forward14 | €259 | €277 | €380 | €18,176 | €34,556 | ▲ 90.1% |
| Amounts payable17/49 | €12,508 | €11,157 | €17,884 | €22,560 | €34,253 | ▲ 51.8% |
| Amounts payable after more than one year17 | - | - | - | - | €1,939 | - |
| Financial debts170/4 | - | - | - | - | €1,939 | - |
| Amounts payable within one year42/48 | €12,508 | €11,157 | €17,884 | €22,560 | €32,314 | ▲ 43.2% |
| Current portion of amounts payable after more than one year42 | - | - | - | - | €1,311 | - |
| Trade debts44 | €184 | €329 | €2,016 | €645 | €10,920 | ▲ 1,593% |
| Suppliers440/4 | - | €329 | €2,016 | €645 | €10,920 | ▲ 1,593% |
| Taxes, remuneration and social security45 | - | €5,328 | €10,332 | €6,581 | €16,988 | ▲ 158% |
| Taxes450/3 | - | €5,328 | €10,332 | €6,581 | €16,971 | ▲ 158% |
| Remuneration and social security454/9 | - | - | - | - | €17 | - |
| Other amounts payable47/48 | - | €5,500 | €5,536 | €15,334 | €3,095 | ▼ 79.8% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €8,520 | €6,718 | €12,403 | €17,796 | €21,380 | ▲ 20.1% |
| + Depreciation and write-downs630 | €1,016 | - | €1,016 | €1,060 | €623 | ▼ 41.2% |
| Operating cash flow (approximation) | €9,536 | €6,718 | €13,419 | €18,856 | €22,003 | ▲ 16.7% |
| Investment in fixed assets (approximation) | - | -€5,000 | -€1,000 | -€2,044 | -€3,301 | ▼ 61.5% |
| Change in cash | - | €5,176 | -€34,854 | -€2,115 | €22,476 | ▲ 1,163% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 61 days late
2024
20-09
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 51 days late
2023
26-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 26 days late
2022
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
18-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 18 days late
2019
31-12
Financial
Weakest financial yearnet €5,140 ▼88.7%
Net result drops to €5,140, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity doublescurrent ratio 22.50
Current ratio from 10.74 to 22.50; short-term debt falls from €5,196 to €2,592.
09-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 9 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
2 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, Blankenberge · 1 establishment unit since 2017
Ground area
68 m²
Building footprint
68 m²
Volume, LiDAR
998 m³
Parcel 31602A0850/00A003, Flanders · tallest building 16.6 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
KINE JEROEN DEVRIESE
since 20172.270.057.742
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31602A0850/00A003 | Flanders | 68 m² | 1 · 68 m² | 16.6 m · 5 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
9845005ESDD9F6RF0907
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Of 12,699 companies in sector 86951 we hold annual accounts for 2,146. 1,930 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded16-11-2017
Fiscal year end31-12
Activities, NACEBEL 2025
86951Physiotherapy
71112Activities of interior architects
85510Sports and recreation education
E-invoicing
Reachable via Peppol
Peppol ID
0208:0684755068
Also
9925:BE0684755068
Registered
20-03-2024
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.