STUDIO FLASHBACK
ActiveSummary
STUDIO FLASHBACK has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €29,764 and a net result of -€2,062. Equity is shrinking by ~3.2% per year across the filed fiscal years. Its solvency ranks better than 43% of 3494 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability65▲+2
Solvency68▲+15
Growth32=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000 at 30 days acceptable
Liquidity ample (current ratio 2.47 against 2.43 in 2024; short-term debt: 35% and cash: 12.6% of total assets), but 56.5% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 74
Relative position
BE, all sectors
reference
Other professional, scientific and technical activities (NACE 74)
about 48% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
43.5%
Return on assets
-3%
Age of the figures
9 mo
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 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€2,062
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 13-08-2026, 13 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 · 9 filingsDeviation from the deadline
2025
13 d late
2024
7 d late
2023
1 d early
2022
18 d early
2021
26 d early
2020
29 d early
2019
61 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 1 day after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 38% of the sector filed late.
Checked, nothing found (2)
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
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€29,764▼ 6.5%
2024 · €31,825
Total assets
€68,500▼ 38.9%
2024 · €112,202
Net result
-€2,062▲ 61.3%
2024 · -€5,325
Working capital
€35,144▼ 34.0%
2024 · €53,265
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
Line20212022202320242025
Operating result€7,541▲ 68.0%-€1,382-€3,505▼ 154%-€5,181▼ 47.8%-€1,572▲ 69.6%
Net result€4,623▲ 76.4%-€2,719-€5,371▼ 97.5%-€5,325▲ 0.9%-€2,062▲ 61.3%
Equity€45,240▲ 11.4%€42,521▼ 6.0%€37,150▼ 12.6%€31,825▼ 14.3%€29,764▼ 6.5%
Total assets€108,891▲ 96.2%€121,325▲ 11.4%€126,144▲ 4.0%€112,202▼ 11.1%€68,500▼ 38.9%
Debt€63,651▲ 328%€78,804▲ 23.8%€88,994▲ 12.9%€80,376▼ 9.7%€38,737▼ 51.8%
Working capital€39,338▼ 13.2%€51,766▲ 31.6%€46,087▼ 11.0%€53,265▲ 15.6%€35,144▼ 34.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €1,572 in 2025 against €5,181 in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €68,500
Fixed assets
€9,380 ▼ 56.6%
Current assets
€59,120 ▼ 34.7%
Equity and liabilities €68,500
Equity
€29,764 ▼ 6.5%
Debt
€38,737 ▼ 51.8%
Debt's share of the balance-sheet total falls from 71.6% to 56.5%. Equity and debt are lower.
Key figures and ratios
EBITDA
€2,126▼
2024 · €5,518
Cash flow
€1,637▼
2024 · €5,374
Current ratio
2.47▲
2024 · 2.43
Debt to equity
1.30▼
2024 · 2.53
ROE
-6.9%▲
2024 · -16.7%
ROA
-3.0%▲
2024 · -4.7%
Interest coverage
10.54▲
2024 · 9.86
Debt ≤ 1 year
€23,975▼
2024 · €37,336
Income taxes
€292▲
2024 · €170
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,640 | €10,275 | €10,601 | €10,699 | €3,698 | ▼ 65.4% |
| Other operating charges640/8 | €11,002 | €25,552 | €30,534 | €43,568 | €16,824 | ▼ 61.4% |
| Gross operating margin9900 | €26,183 | €34,445 | €37,630 | €49,086 | €18,950 | ▼ 61.4% |
| Operating profit (loss)9901 | €7,541 | -€1,382 | -€3,505 | -€5,181 | -€1,572 | ▲ 69.6% |
| Financial income75/76B | €5 | €42 | €32 | €586 | €4 | ▼ 99.3% |
| Recurring financial income75 | €5 | €42 | €32 | €586 | €4 | ▼ 99.3% |
| Financial charges65/66B | €948 | €1,210 | €1,716 | €560 | €202 | ▼ 64.0% |
| Recurring financial charges65 | €948 | €1,210 | €1,716 | €560 | €202 | ▼ 64.0% |
| Profit (loss) for the period before taxes9903 | €6,598 | -€2,549 | -€5,189 | -€5,155 | -€1,770 | ▲ 65.7% |
| Income taxes67/77 | €1,975 | €170 | €181 | €170 | €292 | ▲ 71.6% |
| Profit (loss) for the period9904 | €4,623 | -€2,719 | -€5,371 | -€5,325 | -€2,062 | ▲ 61.3% |
| Profit (loss) for the period to be appropriated9905 | €4,623 | -€2,719 | -€5,371 | -€5,325 | -€2,062 | ▲ 61.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €108,891 | €121,325 | €126,144 | €112,202 | €68,500 | ▼ 38.9% |
| Fixed assets21/28 | €35,000 | €27,033 | €24,995 | €21,601 | €9,380 | ▼ 56.6% |
| Tangible fixed assets22/27 | €35,000 | €26,583 | €24,545 | €21,151 | €9,380 | ▼ 55.6% |
| Plant, machinery and equipment23 | €4,775 | €3,436 | €8,475 | €12,159 | €9,380 | ▼ 22.9% |
| Furniture and vehicles24 | €30,226 | €23,148 | €16,070 | €8,992 | €0 | ▼ 100% |
| Financial fixed assets28 | - | €450 | €450 | €450 | €0 | ▼ 100% |
| Current assets29/58 | €73,891 | €94,292 | €101,149 | €90,601 | €59,120 | ▼ 34.7% |
| Amounts receivable within one year40/41 | €40,836 | €48,855 | €45,037 | €61,156 | €48,886 | ▼ 20.1% |
| Trade receivables40 | €40,836 | €47,025 | €43,207 | €31,911 | €47,177 | ▲ 47.8% |
| Other amounts receivable41 | - | €1,830 | €1,830 | €29,245 | €1,709 | ▼ 94.2% |
| Cash at bank and in hand54/58 | €33,054 | €45,436 | €56,112 | €27,424 | €8,632 | ▼ 68.5% |
| Deferred charges and accrued income490/1 | - | - | - | €2,021 | €1,602 | ▼ 20.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €108,891 | €121,325 | €126,144 | €112,202 | €68,500 | ▼ 38.9% |
| Equity10/15 | €45,240 | €42,521 | €37,150 | €31,825 | €29,764 | ▼ 6.5% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €8,360 | €8,360 | €30,360 | €25,360 | €23,360 | ▼ 7.9% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €0 | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €0 | - | - | - |
| Distributable reserves133 | €6,500 | €6,500 | €30,360 | €25,360 | €23,360 | ▼ 7.9% |
| Profit (loss) carried forward14 | €30,680 | €27,961 | €590 | €265 | €204 | ▼ 23.2% |
| Amounts payable17/49 | €63,651 | €78,804 | €88,994 | €80,376 | €38,737 | ▼ 51.8% |
| Amounts payable after more than one year17 | €18,408 | €10,897 | €3,237 | €0 | - | - |
| Financial debts170/4 | €18,408 | €10,897 | €3,237 | €0 | - | - |
| Amounts payable within one year42/48 | €34,552 | €42,526 | €55,062 | €37,336 | €23,975 | ▼ 35.8% |
| Current portion of amounts payable after more than one year42 | €7,364 | €7,511 | €7,660 | €3,237 | €0 | ▼ 100% |
| Trade debts44 | €13,219 | €13,915 | €14,471 | €33,720 | €12,856 | ▼ 61.9% |
| Suppliers440/4 | €13,219 | €13,915 | €14,471 | €33,720 | €12,856 | ▼ 61.9% |
| Taxes, remuneration and social security45 | €7,491 | €9,251 | €5,722 | €380 | €10,781 | ▲ 2,741% |
| Taxes450/3 | €7,491 | €9,251 | €5,722 | €220 | €9,123 | ▲ 4,055% |
| Remuneration and social security454/9 | - | - | - | €160 | €1,658 | ▲ 937% |
| Other amounts payable47/48 | €6,478 | €11,849 | €27,209 | €0 | €338 | - |
| Accrued charges and deferred income492/3 | €10,691 | €25,381 | €30,695 | €43,041 | €14,761 | ▼ 65.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4,623 | -€2,719 | -€5,371 | -€5,325 | -€2,062 | ▲ 61.3% |
| + Depreciation and write-downs630 | €7,640 | €10,275 | €10,601 | €10,699 | €3,698 | ▼ 65.4% |
| Operating cash flow (approximation) | €12,263 | €7,556 | €5,230 | €5,374 | €1,637 | ▼ 69.5% |
| Investment in fixed assets (approximation) | - | -€2,308 | -€8,563 | -€7,304 | €8,522 | ▲ 217% |
| Change in cash | - | €12,382 | €10,676 | -€28,688 | -€18,792 | ▲ 34.5% |
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
Next filing, fiscal year 2026, expected by
2026
13-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 13 days late
2025
07-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 7 days late
2024
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet -€5,371
Net result drops to -€5,371, the lowest in the series; recovery starts the following year.
13-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
05-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
02-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €2,621
Net result €2,621 after one loss-making year.
30-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 61 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 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
3 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, Gent · 1 establishment unit since 2016
Ground area
109 m²
Building footprint
60 m²
Volume, LiDAR
369 m³
Parcel 44807G0081/00B005, Flanders · tallest building 9.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
STUDIO FLASHBACK
since 20162.252.788.079
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44807G0081/00B005 | Flanders | 109 m² | 1 · 60 m² | 9.6 m · 2 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.
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Of 981 companies in sector 74209 we hold annual accounts for 143. 109 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
Founded14-04-2016
Fiscal year end31-12
Activities, NACEBEL 2025
74209Other photographic activities
Scores and ratios are computed by Checked and are not a credit decision.