Losses
-€15,476 in four years
Every financial year from 2022 to 2025 closed with a loss. 2023 was the heaviest.
STUDIO FLASHBACK
Lifetime
9 annual accounts with figures on one time axispeak €49,086 (2024)
€18,950▼ 61.4%
lowest -€5,371 (2023)
-€2,062▲ €3,263
peak €45,240 (2021)
€29,764▼ 6.5%
€38,737▼ 51.8%
Board1 name since 2021
1 directorLaebens Bram
Documentsfilings and deeds
13-08-202613 days late
2025micro format
Gross margin from €49,086 to €18,950Loss of €2,062Debts from €80,376 to €38,737Cash from €27,424 to €8,632
Key points
from the 2025 annual accountsChecked score
88
Excellent
Financially stronger than 38% of micro companies in other professional activities (NACE 74)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.2% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 5,431 companies (NACE 74, micro).
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.1%
01-2025: 0.1%● unchanged vs 12-2024lowest value
02-2025: 0.1%● unchanged vs 01-2025lowest value
03-2025: 0.1%● unchanged vs 02-2025lowest value
04-2025: 0.1%● unchanged vs 03-2025
05-2025: 0.1%● unchanged vs 04-2025
06-2025: 0.1%● unchanged vs 05-2025
07-2025: 0.1%● unchanged vs 06-2025
08-2025: 0.2%▲ +0.1 percentage points vs 07-2025highest value
09-2025: 0.1%▼ -0.1 percentage points vs 08-2025
10-2025: 0.1%● unchanged vs 09-2025
11-2025: 0.1%● unchanged vs 10-2025
12-2025: 0.1%● unchanged vs 11-2025
01-2026: 0.1%● unchanged vs 12-2025
02-2026: 0.1%● unchanged vs 01-2026
03-2026: 0.1%● unchanged vs 02-2026
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.2%▲ +0.1 percentage points vs 07-2026
09-2026: 0.2%● unchanged vs 08-2026
10-2026: 0.2%● unchanged vs 09-2026
11-2026: 0.2%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Loss of €2,062, the second in a row (financial year 2025)
lowers risk
Sector: Other professional, scientific and technical activities (NACE 74)
Liquidity: current ratio 2.47, cash €8,632, halved
Figures for financial year 2025 (filed on 14-08-2026)
Calculation
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 74, micro). It does better than 46% of them on solvency, 38% on liquidity, 34% on profitability and 33% on growth.
The bankruptcy probability was computed on 10-11-2026 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).
Comparable companies, two years later
In July 2024, 6,908 companies had the same profile as STUDIO FLASHBACK has now. Each dot stands for 18 companies, two years later.
90.9%
were still trading
7.8%
stopped another way
1.1%
went bankrupt
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of STUDIO FLASHBACK itself: 0.2% within 12 months.
Test of the method
The method was tested on the 497,448 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 6,908 companies, not a prediction for STUDIO FLASHBACK. 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.
Credit verdict
Credit of up to €2,500 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 2.47 (2.43 in 2024), above the usual 1.5. Short-term debt is 35% and cash 12.6% of total assets. However, 56.5% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
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.
Signals
Six signals.
lowers riskraises risk
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
raises risk · 2025 accounts filed 13 days late
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. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 9 filingsDeviation from the deadline
2025
13 days late
2024
7 days late
2023
1 day early
2022
18 days early
2021
26 days early
2020
29 days early
2019
61 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 1 day after the deadline. In the sector (NACE 74), the median for financial year 2024 was 3 days before the deadline, and 38% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 31 July (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0651940265
Amendment of the articles · Legal-form change
Legal-form conversion: from private limited company (pre-2019) to private limited company · General meeting of 21-12-2023 · Gazette deed
Registered office moved within Ghent
New registered office: IJzendijkestraat 43, 9000 Gent · Previous registered office: Sportstraat 226, 9000 Gent · General meeting of 23-06-2017 · Gazette deed
Incorporation
published on 18-04-2016 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| STUDIO FLASHBACK Ghent | €68,500 | €18,950 | 43.5% | - |
| Icarus Projects Ronse | €55,861 | €25,441 | 24.7% | - |
| Olive Design Agency Knokke-Heist | €71,820 | €20,132 | 84.7% | - |
| STAET Nijlen | €50,561 | €29,761 | -17.2% | - |
| REMY EXPERTISES Frameries | €110,259 | €20,558 | 14.2% | - |
| Messidor Sint-Gillis (bij-Brussel) | €70,515 | €35,117 | 99.2% | - |
| EXOSENSO Walcourt | €84,136 | €18,893 | 44.8% | - |
These companies have the same main activity as STUDIO FLASHBACK: other photographic activities (NACE 74209). They are comparable in size and age: total assets between €50,600 and €110,000, founded between 2009 and 2018.
Official details
Source: KBO- Status
- Active since 14-04-2016Normal situation
- Activity
- Other photographic activitiesNACE 74209
- Establishment unit
- 2.252.788.0799000 Ghent, since 14-04-2016
- Financial year end
- 31 December
- Peppol
- Reachable since 12-02-2025
Insights on STUDIO FLASHBACK
STUDIO FLASHBACK files the micro format. That format states no turnover. The gross margin rose from €14,470 in 2017 to €18,950 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about STUDIO FLASHBACK
- What is the company number of STUDIO FLASHBACK?
- The company number of STUDIO FLASHBACK is 0651.940.265. The VAT number is the same number with BE in front: BE 0651.940.265.
- Where is STUDIO FLASHBACK based?
- The registered office is at Ijzendijkestraat 43, 9000 Ghent.Company details
- What does STUDIO FLASHBACK do?
- According to the KBO register, the main activity is other photographic activities (NACE 74209).
- What is the legal form of STUDIO FLASHBACK?
- STUDIO FLASHBACK is a private limited company (BV).
- When was STUDIO FLASHBACK founded?
- STUDIO FLASHBACK was founded on 14-04-2016.
- Is STUDIO FLASHBACK still active?
- Yes, STUDIO FLASHBACK is an active enterprise in the KBO register.
- What is the turnover of STUDIO FLASHBACK?
- The turnover in financial year 2025 is ≈ €120,000. This figure is estimated from the gross margin of €18,950 and 41 comparable companies (NACE 74). It probably lies between €59,000 and €220,000. It is a rough estimate.Financials
- Is STUDIO FLASHBACK profitable?
- In financial year 2025, STUDIO FLASHBACK made a loss of €2,062.
- Where can I find the annual accounts of STUDIO FLASHBACK?
- STUDIO FLASHBACK filed 9 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of STUDIO FLASHBACK due?
- STUDIO FLASHBACK must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
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