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STUDIO HIVE

Active
Private limited companyfounded 2025active for 1 yearRue du Feureu(PIE) 18, 7100 La Louvière, BelgiumKBO/BCE: BE 1019.800.788

Financials · financial year 2025, micro format

Annual accounts 2025 filed on 30-01-2026 at the NBB

Turnover
≈ €90,000
Estimated: probably between €59,000 and €120,000
Total assets
€51,678
Net result
€22,823
Working capital
€19,658

Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.

Balance-sheet composition
Assets €51,678
Fixed assets €4,832
Current assets €46,847
Equity and liabilities €51,678
Equity €24,490
Debt €27,189
Debt's share of the balance-sheet total is 52.6%.
Key figures and ratios
2025 value
EBITDA
€31,287
Cash flow
€25,245
Current ratio
1.72
Debt to equity
1.11
ROE
93.2%
ROA
44.2%
Interest coverage
over 100
Debt ≤ 1 year
€27,189
Income taxes
€6,040

Investments

fixed assets acquired
Item30-06-2025
Tangible fixed assets€4,851
Intangible fixed assets€2,403
Depreciation and write-downs of the year€2,422

Source: notes to the 2025 annual accounts (statement of fixed assets)

Annual accounts
Filed annual accounts As filed with the NBB · 2025 · 33 lines
Balance sheet Code2025
Assets
Total assets20/58€51,678
Fixed assets21/28€4,832
Tangible fixed assets22/27€4,832
Other tangible fixed assets26€4,832
Current assets29/58€46,847
Amounts receivable within one year40/41€10,083
Trade receivables40€10,083
Cash at bank and in hand54/58€36,764
Equity and liabilities
Total equity and liabilities10/49€51,678
Equity10/15€24,490
Contributions10/11€2,500
Profit (loss) carried forward14€21,990
Amounts payable17/49€27,189
Amounts payable within one year42/48€27,189
Trade debts44€4,727
Suppliers440/4€4,727
Taxes, remuneration and social security45€19,855
Taxes450/3€17,984
Remuneration and social security454/9€1,871
Other amounts payable47/48€2,607
Income statement Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,422
Other operating charges640/8€112
Gross operating margin9900€31,399
Operating profit (loss)9901€28,864
Financial charges65/66B€2
Recurring financial charges65€2
Profit (loss) for the period before taxes9903€28,862
Income taxes67/77€6,040
Profit (loss) for the period9904€22,823
Profit (loss) for the period to be appropriated9905€22,823
Appropriation of the result
Profit (loss) to be appropriated9906€22,823
Profit to be distributed694/7€833
Return on contributions (dividend)694€833

The notes to these accounts have 9 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Source: Annual accounts 2025 at the NBB, filed on 30-01-2026.

Line2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2,422
Other operating charges640/8€112
Gross operating margin9900€31,399
Operating profit (loss)9901€28,864
Financial charges65/66B€2
Recurring financial charges65€2
Profit (loss) for the period before taxes9903€28,862
Income taxes67/77€6,040
Profit (loss) for the period9904€22,823
Profit (loss) for the period to be appropriated9905€22,823
Line2025
Assets
Total assets20/58€51,678
Fixed assets21/28€4,832
Tangible fixed assets22/27€4,832
Other tangible fixed assets26€4,832
Current assets29/58€46,847
Amounts receivable within one year40/41€10,083
Trade receivables40€10,083
Cash at bank and in hand54/58€36,764
Equity and liabilities
Total equity and liabilities10/49€51,678
Equity10/15€24,490
Contributions10/11€2,500
Profit (loss) carried forward14€21,990
Amounts payable17/49€27,189
Amounts payable within one year42/48€27,189
Trade debts44€4,727
Suppliers440/4€4,727
Taxes, remuneration and social security45€19,855
Taxes450/3€17,984
Remuneration and social security454/9€1,871
Other amounts payable47/48€2,607
Line2025
Profit (loss) for the period9904€22,823
+ Depreciation and write-downs630€2,422
Operating cash flow (approximation)€25,245

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

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Historical observation

In July 2024, 11,279 companies had the same profile as STUDIO HIVE has now. Two years later, 96.6% were still going and 0.7% had gone bankrupt.

  • Micro
  • under 2 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
96.6% was still going
2.6% stopped otherwise
0.7% went bankrupt

That fits the bankruptcy probability of STUDIO HIVE itself: 0.1% within 12 months.

Test of the method

The method was tested on the 497,446 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.

The companies in ten equal groups, from the lowest to the highest expected share
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 11,279 companies, not a prediction for STUDIO HIVE. 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.

Filings with the National Bank (1)
Financial year Type Filed Reference Document
30-06-2025 micro format 30-01-2026 2026-00020643 PDF

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