STUDIO KAROLIN
ActiveSTUDIO KAROLIN has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €18k and a net result of €3k. Equity is growing by ~16.5% per year across the filed fiscal years. Its solvency ranks better than 17% of 3468 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
52
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability35▼-18
Solvency31▼-1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity tight (current ratio 1.22 against 0.76 in 2024; short-term debt: 62% and cash: 11.4% of total assets), and 94.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
Sector 74
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 3468 sector peers (2025).
NBB · sector comparisonPosition among 3468 sector peers
Solvency
better than 17%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 23-12-2025, 39 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
39 d early
2024
11 d early
2023
31 d early
2022
20 d early
2021
6 d early
2020
13 d early
2019
31 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close19-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€18k▲ 17.5%
2024 · €15k
2019: €7k
2020: €8k
2021: €13k
2022: €13k
2023: €13k
2024: €15k
2019 → 2025
Total assets
€319k▲ 56.4%
2024 · €204k
2019: €114k
2020: €133k
2021: €164k
2022: €209k
2023: €199k
2024: €204k
2019 → 2025
Net result
€3k▲ 21.8%
2024 · €2k
2019: €767
2020: €1k
2021: €5k
2022: €-530
2023: €220
2024: €2k
2019 → 2025
Working capital
€44k
2024 · €-36k
2019: €38k
2020: €38k
2021: €44k
2022: €897
2023: €-49k
2024: €-36k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€13k-€13k▼ 4.0%€13k▲ 1.7%€15k▲ 16.8%€18k▲ 17.5%
Operating result€11k-€7k▼ 39.7%€6k▼ 13.6%€8k▲ 37.5%€24k▲ 200%
Net result€5k-€-530€220€2k▲ 891%€3k▲ 21.8%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 200% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €319k
Fixed assets
€77k▼ 11.6%
Current assets
€241k▲ 108%
Equity and liabilities €319k
Equity
€18k▲ 17.5%
Debt
€301k▲ 59.5%
The debt ratio rises from 92.6% to 94.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€38k▲
2024 · €22k
Cash flow
€17k▲
2024 · €16k
Solvency
5.6%▼
2024 · 7.4%
Current ratio
1.22▲
2024 · 0.76
Quick ratio
0.32▼
2024 · 0.43
Debt / equity
16.93▲
2024 · 12.47
ROE
14.9%▲
2024 · 14.4%
ROA
0.8%▼
2024 · 1.1%
Interest coverage
1.83▼
2024 · 3.99
Debt
€301k▲
2024 · €189k
Debt ≤ 1 year
€198k▲
2024 · €153k
Debt > 1 year
€103k▲
2024 · €36k
Income taxes
€2k▲
2024 · €1k
Staff costs
€34k▲
2024 · €29k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€204k€319k▲
Fixed assets21/28€88k€77k▼
Tangible fixed assets22/27€88k€77k▼
Plant, machinery and equipment23€1k€3k▲
Furniture and vehicles24€39k€33k▼
Other tangible fixed assets26€47k€42k▼
Current assets29/58€116k€241k▲
Stocks and contracts in progress3€50k€177k▲
Stocks30/36€50k€177k▲
Amounts receivable within one year40/41€20k€28k▲
Trade receivables40€19k€23k▲
Other amounts receivable41€1k€5k▲
Cash at bank and in hand54/58€46k€36k▼
Equity and liabilities
Total equity and liabilities10/49€204k€319k▲
Equity10/15€15k€18k▲
Contributions10/11€19k€19k=
Reserves13€40€40=
Distributable reserves133€40€40=
Profit (loss) carried forward14€-4k€-856▲
Amounts payable17/49€189k€301k▲
Amounts payable after more than one year17€36k€103k▲
Financial debts170/4€36k€103k▲
Amounts payable within one year42/48€153k€198k▲
Current portion of amounts payable after more than one year42-€19k
Financial debts43€293€2k▲
Credit institutions430/8€293€2k▲
Trade debts44€4k€16k▲
Suppliers440/4€4k€16k▲
Taxes, remuneration and social security45€11k€8k▼
Taxes450/3€10k€4k▼
Remuneration and social security454/9€832€4k▲
Other amounts payable47/48€138k€153k▲
Income statement
Code20242025
Non-recurring operating income76A€634-
Remuneration, social security and pensions62€29k€34k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€14k€14k▲
Other operating charges640/8€1k€1k▲
Non-recurring operating charges66A€1k-
Gross operating margin9900€53k€74k▲
Operating profit (loss)9901€8k€24k▲
Financial income75/76B€951€2k▲
Recurring financial income75€951€2k▲
Financial charges65/66B€5k€21k▲
Recurring financial charges65€5k€21k▲
Profit (loss) for the period before taxes9903€3k€4k▲
Income taxes67/77€1k€2k▲
Profit (loss) for the period9904€2k€3k▲
Profit (loss) for the period to be appropriated9905€2k€3k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-4k€-856▲
Profit (loss) brought forward from the previous period14P€-6k€-4k▲
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
Next filing, fiscal year 2026, expected by
2025
23-12
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
20-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2023
31-12
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
30-06
Financial
Back to profitnet €220
Net result €220 after one loss-making year.
11-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial
Weakest financial yearnet €-530 ▼110%
Net result drops to €-530, the lowest in the series; recovery starts the following year.
25-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
Financial
Highest result since 2019net €5k ▲378%
Net result €5k, the highest in the series.
18-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2019
31-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
21-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
09-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2016
27-12
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Brasschaat · 1 establishment unit since 2014
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.
Bisschoppenhoflei 262930 BrasschaatGround area
2,714 m²
Building footprint
289 m²
Volume, LiDAR
1,212 m³
Parcel 11322E0092/00M000, Flanders · tallest building 9.2 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Bisschoppenhoflei 26, 2930 Brasschaat
since 20142.227.970.234
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11322E0092/00M000 | Flanders | 2,713 m² | 1 · 289 m² | 9.2 m · 1 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.
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 13,843 EUR awarded · 13,843 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 13,843 EUR | 13,843 EUR |
Schemes
Kmo-groeisubsidie: steun voor groeitrajecten bij kmo's (stopgezet)
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DUUR
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Of 3,842 companies in sector 74111 we hold annual accounts for 1,008. 459 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded27-02-2014
Fiscal year end30-06
Activities, NACEBEL
47770Retail sale of watches and jewellery
74111Design of textile patterns, clothing, jewellery, furniture and decorative items
32123Manufacture of jewellery
68310Real estate agency activities
68311Real estate activities
71112Activities of interior architects
Sources
Crossroads Bank for EnterprisesNational Bank · 11 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.