Studio Frank
ActiveSummary
Studio Frank has been active since 2016 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €228k and a net result of €106k. Equity is growing by ~50.4% per year across the filed fiscal years. Its solvency ranks better than 43% of 15869 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2024
65
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability86▲+2
Solvency56▲+6
Growth78=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €14k at 30 days acceptable
Liquidity tight (current ratio 1.23 against 1.27 in 2023; short-term debt: 61.5% and cash: 15.6% of total assets), and 69.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 23-06-2025, 38 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
38 d early
2023
37 d early
2022
160 d early
2021
41 d early
2020
40 d early
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€228k▲ 49.7%
2023 · €152k
2020: €53k
2021: €59k
2022: €90k
2023: €152k
2020 → 2024
Total assets
€745k▲ 24.8%
2023 · €597k
2020: €285k
2021: €335k
2022: €481k
2023: €597k
2020 → 2024
Net result
€106k▲ 41.8%
2023 · €74k
2020: €44k
2021: €8k
2022: €39k
2023: €74k
2020 → 2024
Working capital
€104k▼ 11.8%
2023 · €118k
2020: €28k
2021: €27k
2022: €58k
2023: €118k
2020 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€53k-€59k▲ 12.1%€90k▲ 51.2%€152k▲ 69.7%€228k▲ 49.7%
Operating result€59k-€13k▼ 77.5%€49k▲ 269%€92k▲ 86.2%€135k▲ 47.1%
Net result€44k-€8k▼ 81.8%€39k▲ 393%€74k▲ 89.3%€106k▲ 41.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2021 the operating result has climbed three years in a row; 2024 is 47% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €745k
Fixed assets
€183k ▲ 425%
Current assets
€562k =
Equity and liabilities €745k
Equity
€228k ▲ 49.7%
Debt
€517k ▲ 16.3%
Debt's share of the balance-sheet total falls from 74.5% to 69.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€166k▲
2023 · €102k
Cash flow
€136k▲
2023 · €85k
Current ratio
1.23▼
2023 · 1.27
Quick ratio
1.13▲
2023 · 1.11
Debt to equity
2.27▼
2023 · 2.92
ROE
46.4%▼
2023 · 49.0%
ROA
14.2%▲
2023 · 12.5%
Interest coverage
66.17▼
2023 · 191.38
Debt ≤ 1 year
€458k▲
2023 · €444k
Debt > 1 year
€59k
Income taxes
€43k▲
2023 · €30k
Staff costs
€98k▲
2023 · €28k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2024 against 2023 · 56 lines
Balance sheet
Code20232024
Assets
Total assets20/58€597k€745k▲
Fixed assets21/28€35k€183k▲
Tangible fixed assets22/27€23k€170k▲
Plant, machinery and equipment23€10k€57k▲
Furniture and vehicles24€13k€113k▲
Financial fixed assets28€12k€12k▲
Current assets29/58€562k€562k=
Amounts receivable after more than one year29€3k€3k=
Trade receivables290€3k€3k=
Stocks and contracts in progress3€71k€45k▼
Stocks30/36€71k€45k▼
Amounts receivable within one year40/41€329k€380k▲
Trade receivables40€313k€379k▲
Other amounts receivable41€16k€1k▼
Current investments50/53€85k€6k▼
Cash at bank and in hand54/58€65k€116k▲
Deferred charges and accrued income490/1€9k€13k▲
Equity and liabilities
Total equity and liabilities10/49€597k€745k▲
Equity10/15€152k€228k▲
Contributions10/11€1k€1k=
Reserves13€151k€227k▲
Distributable reserves133€151k€227k▲
Amounts payable17/49€445k€517k▲
Amounts payable after more than one year17-€59k
Financial debts170/4-€59k
Amounts payable within one year42/48€444k€458k▲
Current portion of amounts payable after more than one year42€624€19k▲
Financial debts43-€1k
Credit institutions430/8-€1k
Trade debts44€74k€51k▼
Suppliers440/4€74k€51k▼
Advances received on contracts in progress46€323k€301k▼
Taxes, remuneration and social security45€31k€46k▲
Taxes450/3€28k€33k▲
Remuneration and social security454/9€4k€12k▲
Other amounts payable47/48€14k€40k▲
Accrued charges and deferred income492/3€1k€802▼
Income statement
Code20232024
Non-recurring operating income76A€248-
Remuneration, social security and pensions62€28k€98k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€10k€31k▲
Other operating charges640/8€2k€4k▲
Gross operating margin9900€132k€268k▲
Operating profit (loss)9901€92k€135k▲
Financial income75/76B€13k€16k▲
Recurring financial income75€13k€16k▲
Financial charges65/66B€535€3k▲
Recurring financial charges65€535€3k▲
Profit (loss) for the period before taxes9903€105k€148k▲
Income taxes67/77€30k€43k▲
Profit (loss) for the period9904€74k€106k▲
Profit (loss) for the period to be appropriated9905€74k€106k▲
Appropriation of the result
Profit (loss) to be appropriated9906€74k€106k▲
Transfer to equity691/2€62k€76k▲
To other reserves6921€62k€76k▲
Profit to be distributed694/7€12k€30k▲
Return on contributions (dividend)694€12k€30k▲
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
23-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Highest result since 2020net €106k ▲41.8%
Operating result €135k, net result €106k, both a record.
31-12
Financial
Equity above €200kEq €228k ▲49.7%
5 profitable years in a row build equity to €228k.
24-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Equity above €150kEq €152k ▲69.7%
4 profitable years in a row build equity to €152k.
21-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
20-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €8k ▼81.8%
Net result drops to €8k, the lowest in the series; recovery starts the following year.
21-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Hasselt · 2 establishment units since 2017
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Kuringersteenweg 1403500 HasseltGround area
3,857 m²
Building footprint
1,119 m²
Volume, LiDAR
2,781 m³
2 parcels, Flanders · tallest building 15.3 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
Studio Frank
since 20172.271.399.312
Studio Frank
since 20242.355.309.359
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71326F0070/00K007 | Flanders | 3,398 m² | 1 · 673 m² | 10.1 m |
| 36015A0363/02B008 | Flanders | 460 m² | 1 · 446 m² | 15.2 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 4 entries · 4,899 EUR awarded · 4,646 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 321 EUR | 2,236 EUR |
| 2024 | 1 | 2,473 EUR | 373 EUR |
| 2023 | 1 | 1,671 EUR | 1,603 EUR |
| 2022 | 1 | 434 EUR | 434 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 505 companies in sector 46841 we hold annual accounts for 365. 253 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded21-11-2016
Fiscal year end31-12
Activities, NACEBEL 2025
46841Wholesale trade
47529Retail trade
46130Agents in the wholesale of timber and building materials
46150Agents in the wholesale of furniture, household goods and hardware
46831Wholesale of construction materials, general range
46832Wholesale of timber
46833Wholesale trade
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.