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STUDIO L

Active
Private limited companyfounded 20233 years activeLeterweg 41, 3740 Bilzen-Hoeselt, BelgiumKBO/BCE: BE 0795.874.607
Summary

STUDIO L has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €132,025 and a net result of €44,036. Equity is growing by ~21.3% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.3% (very low).

Financials · fiscal year 2025, micro schema

Equity
€132,025=
2024 · €131,989
Total assets
€194,442▲ 21.6%
2024 · €159,896
Net result
€44,036▼ 21.6%
2024 · €56,144
Working capital
€99,571▲ 11.7%
2024 · €89,166
Trend over the years

2023 to 2025, 3 fiscal years

The operating result has fallen two years in a row; 2025 is 22% below 2024 and is the lowest result in the available series.

What the company sold each fiscal year and what was left of it. A loss stands below the zero line.

Operating result€54,642 2025 Net result€44,036 2025

Point at or tap a year, or use the arrow keys on the chart, for the exact figures; the table below gives them all.

Every figure with its change against the fiscal year before
favourable unfavourable
Line202320242025
Operating result€91,465-€70,483▼ 22.9%€54,642▼ 22.5%
Net result€73,346-€56,144▼ 23.5%€44,036▼ 21.6%
Equity€75,846-€131,989▲ 74.0%€132,025=
Total assets€102,656-€159,896▲ 55.8%€194,442▲ 21.6%
Debt€26,810-€27,907▲ 4.1%€62,418▲ 124%
Working capital€41,154-€89,166▲ 117%€99,571▲ 11.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €194,442
Fixed assets €32,454 ▼ 24.2%
Current assets €161,988 ▲ 38.4%
Equity and liabilities €194,442
Equity €132,025 =
Debt €62,418 ▲ 124%
Debt's share of the balance-sheet total rises from 17.5% to 32.1%. Debt is higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€66,349▼
2024 · €81,484
Cash flow
€55,743▼
2024 · €67,144
Current ratio
2.60▼
2024 · 4.20
Debt to equity
0.47▲
2024 · 0.21
ROE
33.4%▼
2024 · 42.5%
ROA
22.6%▼
2024 · 35.1%
Interest coverage
518.11▼
2024 · 1132.19
Debt ≤ 1 year
€62,418▲
2024 · €27,907
Income taxes
€11,157▼
2024 · €14,268
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 39,278 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 96% are still going.

  • Micro
  • 2 to 5 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
1.8% went bankrupt
2.3% stopped otherwise
96% still going

A further 0.1% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a lower bankruptcy probability: 0.3% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,472 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to 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% 1.0%
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%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.

An observation about 39,278 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 40 lines
Balance sheet Code20242025
Assets
Total assets20/58€159,896€194,442▲
Fixed assets21/28€42,824€32,454▼
Tangible fixed assets22/27€42,824€32,454▼
Plant, machinery and equipment23€931€446▼
Furniture and vehicles24€13,962€6,301▼
Other tangible fixed assets26€27,930€25,707▼
Current assets29/58€117,073€161,988▲
Amounts receivable within one year40/41€42,363€13,648▼
Trade receivables40€42,363€13,648▼
Current investments50/53-€59,500
Cash at bank and in hand54/58€73,450€86,999▲
Deferred charges and accrued income490/1€1,259€1,842▲
Equity and liabilities
Total equity and liabilities10/49€159,896€194,442▲
Equity10/15€131,989€132,025=
Contributions10/11€2,500€2,500=
Profit (loss) carried forward14€129,489€129,525=
Amounts payable17/49€27,907€62,418▲
Amounts payable within one year42/48€27,907€62,418▲
Trade debts44€1,882€643▼
Suppliers440/4€1,882€643▼
Taxes, remuneration and social security45€22,523€16,993▼
Taxes450/3€22,523€16,993▼
Other amounts payable47/48€3,502€44,782▲
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11,001€11,708▲
Other operating charges640/8€62€287▲
Non-recurring operating charges66A€250-
Gross operating margin9900€81,796€66,636▼
Operating profit (loss)9901€70,483€54,642▼
Financial income75/76B-€679
Recurring financial income75-€679
Financial charges65/66B€72€128▲
Recurring financial charges65€72€128▲
Profit (loss) for the period before taxes9903€70,411€55,193▼
Income taxes67/77€14,268€11,157▼
Profit (loss) for the period9904€56,144€44,036▼
Profit (loss) for the period to be appropriated9905€56,144€44,036▼
Appropriation of the result
Profit (loss) to be appropriated9906€129,489€173,525▲
Profit (loss) brought forward from the previous period14P€73,346€129,489▲
Profit to be distributed694/7-€44,000
Return on contributions (dividend)694-€44,000

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5,769€11,001€11,708▲ 6.4%
Other operating charges640/8-€62€287▲ 363%
Non-recurring operating charges66A-€250--
Gross operating margin9900€97,234€81,796€66,636▼ 18.5%
Operating profit (loss)9901€91,465€70,483€54,642▼ 22.5%
Financial income75/76B--€679-
Recurring financial income75--€679-
Financial charges65/66B€130€72€128▲ 77.9%
Recurring financial charges65€130€72€128▲ 77.9%
Profit (loss) for the period before taxes9903€91,334€70,411€55,193▼ 21.6%
Income taxes67/77€17,988€14,268€11,157▼ 21.8%
Profit (loss) for the period9904€73,346€56,144€44,036▼ 21.6%
Profit (loss) for the period to be appropriated9905€73,346€56,144€44,036▼ 21.6%
Line202320242025Change
Assets
Total assets20/58€102,656€159,896€194,442▲ 21.6%
Fixed assets21/28€34,692€42,824€32,454▼ 24.2%
Tangible fixed assets22/27€34,692€42,824€32,454▼ 24.2%
Plant, machinery and equipment23€1,416€931€446▼ 52.1%
Furniture and vehicles24€20,499€13,962€6,301▼ 54.9%
Other tangible fixed assets26€12,777€27,930€25,707▼ 8.0%
Current assets29/58€67,964€117,073€161,988▲ 38.4%
Amounts receivable within one year40/41€41,773€42,363€13,648▼ 67.8%
Trade receivables40€41,773€42,363€13,648▼ 67.8%
Current investments50/53--€59,500-
Cash at bank and in hand54/58€24,969€73,450€86,999▲ 18.4%
Deferred charges and accrued income490/1€1,222€1,259€1,842▲ 46.3%
Equity and liabilities
Total equity and liabilities10/49€102,656€159,896€194,442▲ 21.6%
Equity10/15€75,846€131,989€132,025=
Contributions10/11€2,500€2,500€2,500=
Profit (loss) carried forward14€73,346€129,489€129,525=
Amounts payable17/49€26,810€27,907€62,418▲ 124%
Amounts payable within one year42/48€26,810€27,907€62,418▲ 124%
Trade debts44€2,227€1,882€643▼ 65.9%
Suppliers440/4€2,227€1,882€643▼ 65.9%
Taxes, remuneration and social security45€23,264€22,523€16,993▼ 24.6%
Taxes450/3€23,264€22,523€16,993▼ 24.6%
Other amounts payable47/48€1,319€3,502€44,782▲ 1,179%
Line202320242025Change
Profit (loss) for the period9904€73,346€56,144€44,036▼ 21.6%
+ Depreciation and write-downs630€5,769€11,001€11,708▲ 6.4%
Operating cash flow (approximation)€79,115€67,144€55,743▼ 17.0%
Investment in fixed assets (approximation)--€19,133-€1,338▲ 93.0%
Change in cash-€48,482€13,549▼ 72.1%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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