Studio Hazar
ActiveSummary
Studio Hazar has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €101k and a net result of €69k. Its solvency ranks better than 86% of 3489 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency100=
Growth78
Track record94
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €9k at 30 days acceptable
Liquidity ample (current ratio 6.33 against 3.91 in 2024; short-term debt: 14.6% and cash: 85.3% of total assets), and 14.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
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 →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
85.4%
Return on assets
58%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 · 2 filingsDeviation from the deadline
2025
31 d late
2024
30 d late
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€101k▲ 204%
2024 · €33k
2024: €33k
2025: €101k▲ +204% vs 2024
2024 → 2025
Total assets
€119k▲ 166%
2024 · €45k
2024: €45k
2025: €119k▲ +166% vs 2024
2024 → 2025
Net result
€69k▲ 127%
2024 · €30k
2024: €30k
2025: €69k▲ +127% vs 2024
2024 → 2025
Working capital
€93k▲ 187%
2024 · €32k
2024: €32k
2025: €93k▲ +187% vs 2024
2024 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20242025Trend
Equity€33k-€101k▲ 204%
2024: €33k
2025: €101k▲ +204% vs 2024
Operating result€38k-€86k▲ 127%
2024: €38k
2025: €86k▲ +127% vs 2024
Net result€30k-€69k▲ 127%
2024: €30k
2025: €69k▲ +127% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result rises in 2025; 2025 is 127% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €119k
Fixed assets
€9k ▲ 632%
Current assets
€110k ▲ 153%
Equity and liabilities €119k
Equity
€101k ▲ 204%
Debt
€17k ▲ 54.1%
Debt's share of the balance-sheet total falls from 25.3% to 14.6%. Equity and debt are higher.
Key figures and ratios
EBITDA
€88k▲
2024 · €38k
Cash flow
€70k▲
2024 · €30k
Current ratio
6.33▲
2024 · 3.91
Debt to equity
0.17▼
2024 · 0.34
ROE
67.9%▼
2024 · 91.0%
ROA
58.0%▼
2024 · 68.0%
Interest coverage
335.86▼
2024 · 737.59
Debt ≤ 1 year
€17k▲
2024 · €11k
Income taxes
€18k▲
2024 · €8k
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 · 2025 against 2024 · 43 lines
Balance sheet
Code20242025
Assets
Total assets20/58€45k€119k▲
Fixed assets21/28€1k€9k▲
Intangible fixed assets21-€4k
Tangible fixed assets22/27€1k€5k▲
Furniture and vehicles24€1k€5k▲
Current assets29/58€43k€110k▲
Amounts receivable within one year40/41€12k€8k▼
Trade receivables40€12k€8k▼
Other amounts receivable41-€92
Cash at bank and in hand54/58€32k€101k▲
Deferred charges and accrued income490/1-€674
Equity and liabilities
Total equity and liabilities10/49€45k€119k▲
Equity10/15€33k€101k▲
Contributions10/11€3k€3k=
Reserves13€30k€98k▲
Distributable reserves133€30k€98k▲
Profit (loss) carried forward14-€0
Amounts payable17/49€11k€17k▲
Amounts payable within one year42/48€11k€17k▲
Trade debts44-€555
Suppliers440/4-€555
Taxes, remuneration and social security45€10k€14k▲
Taxes450/3€10k€12k▲
Remuneration and social security454/9-€2k
Other amounts payable47/48€738€3k▲
Accrued charges and deferred income492/3€160€0▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€50€2k▲
Other operating charges640/8€206€303▲
Gross operating margin9900€38k€88k▲
Operating profit (loss)9901€38k€86k▲
Financial income75/76B€2€153▲
Recurring financial income75€2€153▲
Financial charges65/66B€52€262▲
Recurring financial charges65€52€262▲
Profit (loss) for the period before taxes9903€38k€86k▲
Income taxes67/77€8k€18k▲
Profit (loss) for the period9904€30k€69k▲
Profit (loss) for the period to be appropriated9905€30k€69k▲
Appropriation of the result
Profit (loss) to be appropriated9906€30k€69k▲
Transfer to equity691/2€30k€68k▲
To other reserves6921€30k€68k▲
Profit to be distributed694/7-€833
Return on contributions (dividend)694-€833
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €50 | €2k | ▲ 3,173% |
| Other operating charges640/8 | €206 | €303 | ▲ 47.6% |
| Gross operating margin9900 | €38k | €88k | ▲ 130% |
| Operating profit (loss)9901 | €38k | €86k | ▲ 127% |
| Financial income75/76B | €2 | €153 | ▲ 7,092% |
| Recurring financial income75 | €2 | €153 | ▲ 7,092% |
| Financial charges65/66B | €52 | €262 | ▲ 407% |
| Recurring financial charges65 | €52 | €262 | ▲ 407% |
| Profit (loss) for the period before taxes9903 | €38k | €86k | ▲ 127% |
| Income taxes67/77 | €8k | €18k | ▲ 127% |
| Profit (loss) for the period9904 | €30k | €69k | ▲ 127% |
| Profit (loss) for the period to be appropriated9905 | €30k | €69k | ▲ 127% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €45k | €119k | ▲ 166% |
| Fixed assets21/28 | €1k | €9k | ▲ 632% |
| Intangible fixed assets21 | - | €4k | - |
| Tangible fixed assets22/27 | €1k | €5k | ▲ 329% |
| Furniture and vehicles24 | €1k | €5k | ▲ 329% |
| Current assets29/58 | €43k | €110k | ▲ 153% |
| Amounts receivable within one year40/41 | €12k | €8k | ▼ 30.5% |
| Trade receivables40 | €12k | €8k | ▼ 31.3% |
| Other amounts receivable41 | - | €92 | - |
| Cash at bank and in hand54/58 | €32k | €101k | ▲ 220% |
| Deferred charges and accrued income490/1 | - | €674 | - |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €45k | €119k | ▲ 166% |
| Equity10/15 | €33k | €101k | ▲ 204% |
| Contributions10/11 | €3k | €3k | = |
| Reserves13 | €30k | €98k | ▲ 224% |
| Distributable reserves133 | €30k | €98k | ▲ 224% |
| Profit (loss) carried forward14 | - | €0 | - |
| Amounts payable17/49 | €11k | €17k | ▲ 54.1% |
| Amounts payable within one year42/48 | €11k | €17k | ▲ 56.3% |
| Trade debts44 | - | €555 | - |
| Suppliers440/4 | - | €555 | - |
| Taxes, remuneration and social security45 | €10k | €14k | ▲ 33.9% |
| Taxes450/3 | €10k | €12k | ▲ 14.6% |
| Remuneration and social security454/9 | - | €2k | - |
| Other amounts payable47/48 | €738 | €3k | ▲ 297% |
| Accrued charges and deferred income492/3 | €160 | €0 | ▼ 100% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €30k | €69k | ▲ 127% |
| + Depreciation and write-downs630 | €50 | €2k | ▲ 3,173% |
| Operating cash flow (approximation) | €30k | €70k | ▲ 132% |
| Investment in fixed assets (approximation) | - | €-9k | - |
| Change in cash | - | €69k | - |
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
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-12
Financial
Equity above €100kEq €101k ▲204%
2 profitable years in a row build equity to €101k.
30-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 30 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, Gent · 1 establishment unit since 2023
Ground area
290 m²
Building footprint
426 m²
Volume, LiDAR
4,332 m³
2 parcels, Flanders · tallest building 16.4 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Studio Hazar
since 20232.349.102.151
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44021A0503/00B000 | Flanders | 170 m² | 1 · 323 m² | 16.4 m · 4 fl. |
| 44021A3408/00G008 | Flanders | 119 m² | 1 · 103 m² | 14.1 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
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Of 6,293 companies in sector 74120 we hold annual accounts for 1,011. 817 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
Founded29-08-2023
Fiscal year end31-12
Activities, NACEBEL 2025
74120Graphic design and visual communication
63910Web portal activities
73110Advertising agencies
74140Other specialised design activities
Scores and ratios are computed by Checked and are not a credit decision.