STUDIO KIMCHI
ActiveSTUDIO KIMCHI has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €11k and a net result of €7k. Equity is growing by ~49.1% per year across the filed fiscal years. Its solvency ranks better than 18% of 9450 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
56
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability81▲+16
Solvency40▲+9
Growth78▲+46
Track record94
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity short (current ratio 0.78 against 0.58 in 2024; short-term debt: 85.1% and cash: 7.3% of total assets), and 85.1% 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
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 71
Relative position
BE, all sectors
reference
Sector 71
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 9450 sector peers (2025).
NBB · sector comparisonPosition among 9450 sector peers
Solvency
better than 18%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-03-2026, 126 days ahead of the deadline.
NBB · 3 filingsDeviation from the deadline
2025
126 d early
2024
73 d early
2023
35 d early
← before the deadline
after the deadline →
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
22-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€11k▲ 194%
2024 · €4k
2023: €6k
2024: €4k
2023 → 2025
Total assets
€74k▲ 17.8%
2024 · €63k
2023: €52k
2024: €63k
2023 → 2025
Net result
€7k
2024 · €-2k
2023: €3k
2024: €-2k
2023 → 2025
Working capital
€-14k▲ 43.5%
2024 · €-25k
2023: €-12k
2024: €-25k
2023 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€6k-€4k▼ 32.6%€11k▲ 194%
Operating result€5k-€-1k€11k
Net result€3k-€-2k€7k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €11k after a loss of €1k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €74k
Fixed assets
€25k▼ 12.0%
Current assets
€49k▲ 42.3%
Equity and liabilities €74k
Equity
€11k▲ 194%
Debt
€63k▲ 6.6%
The debt ratio falls from 94.0% to 85.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€22k▲
2024 · €6k
Cash flow
€18k▲
2024 · €6k
Solvency
14.9%▲
2024 · 6.0%
Current ratio
0.78▲
2024 · 0.58
Quick ratio
0.78▲
2024 · 0.58
Debt / equity
5.70▼
2024 · 15.73
ROE
66.0%▲
2024 · -48.4%
ROA
9.8%▲
2024 · -2.9%
Interest coverage
25.04▼
2024 · 71.52
Debt
€63k▲
2024 · €59k
Debt ≤ 1 year
€63k▲
2024 · €59k
Income taxes
€3k▲
2024 · €730
Staff costs
€91k▲
2024 · €72k
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€63k€74k▲
Fixed assets21/28€28k€25k▼
Tangible fixed assets22/27€28k€25k▼
Plant, machinery and equipment23€3k€1k▼
Furniture and vehicles24€24k€23k▼
Other tangible fixed assets26€1k€773▼
Current assets29/58€35k€49k▲
Amounts receivable within one year40/41€35k€35k▲
Trade receivables40€35k€35k▲
Cash at bank and in hand54/58-€5k
Deferred charges and accrued income490/1-€9k
Equity and liabilities
Total equity and liabilities10/49€63k€74k▲
Equity10/15€4k€11k▲
Contributions10/11€3k€3k=
Reserves13€1k€9k▲
Distributable reserves133€1k€9k▲
Amounts payable17/49€59k€63k▲
Amounts payable within one year42/48€59k€63k▲
Financial debts43€2k-
Credit institutions430/8€2k-
Trade debts44€14k€11k▼
Suppliers440/4€14k€11k▼
Taxes, remuneration and social security45€22k€32k▲
Taxes450/3€12k€17k▲
Remuneration and social security454/9€10k€15k▲
Other amounts payable47/48€20k€20k▲
Income statement
Code20242025
Remuneration, social security and pensions62€72k€91k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€11k▲
Other operating charges640/8€26-
Gross operating margin9900€78k€113k▲
Operating profit (loss)9901€-1k€11k▲
Financial income75/76B€17€13▼
Recurring financial income75€17€13▼
Financial charges65/66B€90€877▲
Recurring financial charges65€90€877▲
Profit (loss) for the period before taxes9903€-1k€10k▲
Income taxes67/77€730€3k▲
Profit (loss) for the period9904€-2k€7k▲
Profit (loss) for the period to be appropriated9905€-2k€7k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-2k€7k▲
Transfer from equity791/2€2k-
Transfer to equity691/2-€7k
To other reserves6921-€7k
The notes to these accounts (5 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
2026
27-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €7k
Net result €7k after one loss-making year.
19-05
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet €-2k ▼159%
Net result drops to €-2k, the lowest in the series; recovery starts the following year.
26-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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
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.
Kerkstraat 1089050 GentGround area
3,095 m²
Building footprint
2,335 m²
Volume, LiDAR
17,095 m³
Parcel 44362B0014/00G002, Flanders · tallest building 9.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
STUDIO KIMCHI
since 20232.341.220.407
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 44362B0014/00G002 | Flanders | 3,095 m² | 1 · 2,335 m² | 9.2 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.
Public money · subsidies and aid
Flemish government
2023 to 2025 · 3 entries · 1,574 EUR awarded · 1,763 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 143 EUR | 143 EUR |
| 2024 | 1 | 0 EUR | 189 EUR |
| 2023 | 1 | 1,431 EUR | 1,431 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 3,920 companies in sector 71112 we hold annual accounts for 1,295. 803 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded19-01-2023
Fiscal year end31-12
Activities, NACEBEL
71112Activities of interior architects
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Data from official sources, last processed on 22-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesWebsite:www.studiokimchi.be
E-mail:hallo@studiokimchi.be