Summary
STUDIO K is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2024 annual accounts show equity of €2.18M and a net result of €471k. Equity is shrinking by ~6.4% per year across the filed fiscal years. Its solvency ranks better than 66% of 6156 sector peers (fiscal year 2024). The company has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The health score weighs liquidity, leverage and margins against norms for trading and manufacturing companies. A bank, insurer or financial holding has a fundamentally different balance-sheet structure, so those ratios, and hence the score, carry no meaning here. That is why we show no financial axes either.
Credit advice for your own amount and term
Signals
1 signal. The signal on the left, the evidence on the right.
○neutral
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 25-06-2025, 36 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
36 d early
2023
26 d late
2022
on the day
2021
59 d late
2020
10 d late
2019
32 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, abbreviated schema
Equity
€2.18M▲ 27.6%
2023 · €1.71M
2018: €2.66M
2019: €2.81M
2020: €2.08M
2021: €2.12M
2022: €2.04M
2023: €1.71M
2018 → 2024
Net result
€471k
2023 · €-334k
2018: €126k
2019: €145k
2020: €-724k
2021: €34k
2022: €-25k
2023: €-334k
2018 → 2024
Total assets
€3.16M▲ 39.9%
2023 · €2.26M
2018: €7.93M
2019: €7.15M
2020: €5.35M
2021: €2.95M
2022: €3.07M
2023: €2.26M
2018 → 2024
Solvency
68.9%▼ 6.6pp
2023 · 75.5%
2018: 33.6%
2019: 39.3%
2020: 38.9%
2021: 71.8%
2022: 66.4%
2023: 75.5%
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€2.08M-€2.12M▲ 1.6%€2.04M▼ 3.6%€1.71M▼ 16.4%€2.18M▲ 27.6%
Operating result€-650k-€74k€5k▼ 92.9%€-379k€343k
Net result€-724k-€34k€-25k€-334k▼ 1,226%€471k
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €343k after a loss of €379k in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €3.16M
Fixed assets
€713k ▲ 145%
Current assets
€2.45M ▲ 24.3%
Equity and liabilities €3.16M
Equity
€2.18M ▲ 27.6%
Debt
€983k ▲ 77.5%
Debt's share of the balance-sheet total rises from 24.5% to 31.1%. Equity and debt are higher.
Key figures and ratios
ROE
21.7%▲
2023 · -19.6%
ROA
14.9%▲
2023 · -14.8%
Debt ≤ 1 year
€358k▲
2023 · €291k
Debt > 1 year
€624k▲
2023 · €263k
Income taxes
€279
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 · 47 lines
Balance sheet
Code20232024
Assets
Total assets20/58€2.26M€3.16M▲
Fixed assets21/28€291k€713k▲
Tangible fixed assets22/27€83k€492k▲
Land and buildings22-€399k
Plant, machinery and equipment23€26k€24k▼
Other tangible fixed assets26€57k€69k▲
Financial fixed assets28€208k€221k▲
Current assets29/58€1.97M€2.45M▲
Amounts receivable within one year40/41€1.84M€2.32M▲
Trade receivables40€60k€401k▲
Other amounts receivable41€1.78M€1.92M▲
Current investments50/53€122k€122k=
Cash at bank and in hand54/58€10k€5k▼
Equity and liabilities
Total equity and liabilities10/49€2.26M€3.16M▲
Equity10/15€1.71M€2.18M▲
Contributions10/11€46k€46k=
Reserves13€1.81M€1.81M=
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€310k€310k=
Distributable reserves133€1.50M€1.50M=
Profit (loss) carried forward14€-154k€317k▲
Amounts payable17/49€554k€983k▲
Amounts payable after more than one year17€263k€624k▲
Financial debts170/4€263k€624k▲
Amounts payable within one year42/48€291k€358k▲
Current portion of amounts payable after more than one year42€106k€70k▼
Trade debts44€66k€141k▲
Suppliers440/4€66k€141k▲
Taxes, remuneration and social security45€1k€15k▲
Taxes450/3€1k€15k▲
Other amounts payable47/48€118k€131k▲
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€3k▲
Other operating charges640/8€15k€55k▲
Non-recurring operating charges66A€243k-
Gross operating margin9900€-120k€401k▲
Operating profit (loss)9901€-379k€343k▲
Financial income75/76B€70k€146k▲
Recurring financial income75€70k€146k▲
Financial charges65/66B€24k€17k▼
Recurring financial charges65€24k€17k▼
Profit (loss) for the period before taxes9903€-334k€472k▲
Income taxes67/77-€279
Profit (loss) for the period9904€-334k€471k▲
Profit (loss) for the period to be appropriated9905€-334k€471k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-154k€317k▲
Profit (loss) brought forward from the previous period14P€180k€-154k▼
The notes to these accounts (18 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
25-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Back to profitnet €471k
Net result €471k after 2 loss-making years.
31-12
Financial
Equity above €2MEq €2.18M ▲27.6%
Equity rises from €1.71M to €2.18M.
26-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 26 days late
2023
31-12
Financial
Liquidity triplescurrent ratio 6.77
Current ratio from 2.00 to 6.77; short-term debt falls from €520k to €291k.
31-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
28-09
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 59 days late
2021
31-12
Financial
Back to profitnet €34k
Net result €34k after one loss-making year.
31-12
Financial
Liquidity quadruplescurrent ratio 2.08
Current ratio from 0.47 to 2.08; short-term debt falls from €775k to €409k.
10-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 10 days late
2020
31-12
Financial
Weakest financial yearnet €-724k ▼600%
Net result drops to €-724k, the lowest in the series; recovery starts the following year.
01-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 32 days late
Show earlier events
2019
20-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 20 days late
2018
09-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
28-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
13-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
12 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, Balen · 1 establishment unit since 2006
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.
Poeierstraat 102490 BalenGround area
3,762 m²
Building footprint
674 m²
Volume, LiDAR
4,923 m³
Parcel 13342B1320/00T003, Flanders · tallest building 8.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
FLB Realty
since 20062.216.984.290
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13342B1320/00T003 | Flanders | 3,762 m² | 1 · 674 m² | 8.9 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
894500QYY8ZJLWDVN596
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Of 24,725 companies in sector 64210 we hold annual accounts for 19,762. 10,663 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
Founded08-12-2003
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
46190Agents in non-specialised wholesale trade
47639Retail sale of other sporting goods
63920Other information service activities
66199Other activities auxiliary to financial services, excluding insurance and pension funding
68110Buying and selling of own real estate
73300Public relations and communication consultancy
77210Renting and leasing of sports and recreation goods
82990Other business support services
Sources
Crossroads Bank for EnterprisesNational Bank · 21 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.