STUDIO L3
ActiveSummary
STUDIO L3 is a financial institution; the bankruptcy model is trained on trading and manufacturing companies and does not apply here. The 2025 annual accounts show equity of €5,198 and a net result of -€24,733. Equity is shrinking by ~93.4% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2026. Its solvency ranks better than 12% of 2413 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Outside the general model
Model not applicable to financial institutions
The Checked 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.
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Signals
Two signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 12% of 2413 sector peers (2025).
NBB · sector comparisonPosition among 2413 sector peers
Solvency
better than 12%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 5 filingsDeviation from the deadline
2025
31 d late
2024
31 d late
2023
31 d late
2022
29 d late
2021
30 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 30 days after the deadline; the sector median for financial year 2024 is 14 days before the deadline, and 28% of the sector filed late.
Checked, nothing found (2)
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
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Equity
€5,198▼ 82.6%
2024 · €29,931
Net result
-€24,733
2024 · €1,774
Total assets
€47,410▼ 13.7%
2024 · €54,925
Solvency
11.0%▼ 43.5pp
2024 · 54.5%
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€66,733--€692-€54,133▼ 7,728%€50,021€21,323▼ 57.4%
Net result€53,133within the sector's middle half--€6,191below the sector's middle half-€80,786below the sector's middle half▼ 1,205%€1,774below the sector's middle half-€24,733below the sector's middle half
Equity€115,133below the sector's middle half-€108,942below the sector's middle half▼ 5.4%€28,156below the sector's middle half▼ 74.2%€29,931below the sector's middle half▲ 6.3%€5,198below the sector's middle half▼ 82.6%
Total assets€145,218below the sector's middle half-€141,162below the sector's middle half▼ 2.8%€106,972below the sector's middle half▼ 24.2%€54,925below the sector's middle half▼ 48.7%€47,410below the sector's middle half▼ 13.7%
Debt€30,085-€7,460▼ 75.2%€30,518▲ 309%€24,994▼ 18.1%€42,212▲ 68.9%
Working capital€113,538-€132,099▲ 16.3%€75,876▼ 42.6%€29,845▼ 60.7%€5,198▼ 82.6%
Solvency79.3%above the sector's middle half-77.2%above the sector's middle half▼ 2.1pp26.3%within the sector's middle half▼ 50.9pp54.5%within the sector's middle half▲ 28.2pp11.0%below the sector's middle half▼ 43.5pp
above
within
below
the middle half (P25 to P75) of NACE 64, Financial service activities, except insurance and pension funding, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 57% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €47,410
Equity
€5,198 ▼ 82.6%
Debt
€42,212 ▲ 68.9%
Debt's share of the balance-sheet total rises from 45.5% to 89.0%. Equity is lower and debt is higher.
Key figures and ratios
ROE
-475.8%▼
2024 · 5.9%
ROA
-52.2%▼
2024 · 3.2%
Debt ≤ 1 year
€42,212▲
2024 · €24,994
Income taxes
€288▼
2024 · €315
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €531 | €1,024 | €1,024 | €493 | €86 | ▼ 82.5% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | €24,760 | €23,538 | -€48,298 | - | - |
| Other operating charges640/8 | €720 | €450 | €185 | €599 | €665 | ▲ 11.0% |
| Gross operating margin9900 | €67,984 | €25,542 | -€29,386 | €2,815 | €22,074 | ▲ 684% |
| Operating profit (loss)9901 | €66,733 | -€692 | -€54,133 | €50,021 | €21,323 | ▼ 57.4% |
| Financial income75/76B | - | €38 | - | - | - | - |
| Recurring financial income75 | - | €38 | - | - | - | - |
| Financial charges65/66B | €26 | €171 | €26,420 | €47,931 | €45,768 | ▼ 4.5% |
| Recurring financial charges65 | €26 | €171 | €26,420 | €47,931 | €45,768 | ▼ 4.5% |
| Profit (loss) for the period before taxes9903 | €66,707 | -€824 | -€80,553 | €2,090 | -€24,445 | ▼ 1,270% |
| Income taxes67/77 | €13,575 | €5,366 | €233 | €315 | €288 | ▼ 8.7% |
| Profit (loss) for the period9904 | €53,133 | -€6,191 | -€80,786 | €1,774 | -€24,733 | ▼ 1,494% |
| Profit (loss) for the period to be appropriated9905 | €53,133 | -€6,191 | -€80,786 | €1,774 | -€24,733 | ▼ 1,494% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €145,218 | €141,162 | €106,972 | €54,925 | €47,410 | ▼ 13.7% |
| Fixed assets21/28 | €1,594 | €1,603 | €579 | €86 | - | - |
| Tangible fixed assets22/27 | €1,594 | €1,603 | €579 | €86 | - | - |
| Furniture and vehicles24 | €1,594 | €1,603 | €579 | €86 | - | - |
| Current assets29/58 | €143,623 | €139,560 | €106,394 | €54,839 | €47,410 | ▼ 13.5% |
| Amounts receivable within one year40/41 | €9,851 | €14,157 | €11,154 | €19,649 | €10,212 | ▼ 48.0% |
| Trade receivables40 | €9,849 | €10,091 | €9,386 | €19,648 | €10,212 | ▼ 48.0% |
| Other amounts receivable41 | €2 | €4,066 | €1,769 | €1 | - | - |
| Cash at bank and in hand54/58 | €132,631 | €124,230 | €93,469 | €33,246 | €35,073 | ▲ 5.5% |
| Deferred charges and accrued income490/1 | €1,141 | €1,173 | €1,770 | €1,944 | €2,125 | ▲ 9.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €145,218 | €141,162 | €106,972 | €54,925 | €47,410 | ▼ 13.7% |
| Equity10/15 | €115,133 | €108,942 | €28,156 | €29,931 | €5,198 | ▼ 82.6% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Reserves13 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Non-distributable reserves130/1 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Legal reserve130 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Profit (loss) carried forward14 | €46,933 | €40,742 | -€40,044 | -€38,269 | -€63,002 | ▼ 64.6% |
| Provisions and deferred taxes16 | - | €24,760 | €48,298 | - | - | - |
| Provisions for liabilities and charges160/5 | - | €24,760 | €48,298 | - | - | - |
| Other liabilities and charges164/5 | - | €24,760 | €48,298 | - | - | - |
| Amounts payable17/49 | €30,085 | €7,460 | €30,518 | €24,994 | €42,212 | ▲ 68.9% |
| Amounts payable within one year42/48 | €30,085 | €7,460 | €30,518 | €24,994 | €42,212 | ▲ 68.9% |
| Trade debts44 | €1,224 | €299 | €6,135 | €7,715 | €7,234 | ▼ 6.2% |
| Suppliers440/4 | €1,224 | €299 | €6,135 | €7,715 | €7,234 | ▼ 6.2% |
| Taxes, remuneration and social security45 | €28,861 | €7,161 | €6,012 | €3,044 | €6,574 | ▲ 116% |
| Taxes450/3 | €25,583 | €7,161 | €6,012 | €996 | €1,369 | ▲ 37.5% |
| Remuneration and social security454/9 | €3,278 | - | - | €2,048 | €5,205 | ▲ 154% |
| Other amounts payable47/48 | - | - | €18,370 | €14,235 | €28,405 | ▲ 99.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €53,133 | -€6,191 | -€80,786 | €1,774 | -€24,733 | ▼ 1,494% |
| + Depreciation and write-downs630 | €531 | €1,024 | €1,024 | €493 | €86 | ▼ 82.5% |
| Operating cash flow (approximation) | €53,664 | -€5,167 | -€79,762 | €2,267 | -€24,647 | ▼ 1,187% |
| Investment in fixed assets (approximation) | - | -€1,032 | €0 | €0 | - | - |
| Change in cash | - | -€8,401 | -€30,760 | -€60,224 | €1,827 | ▲ 103% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · full schema · 31 days late
2025
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 31 days late
2024
31-12
Financial
Back to profitnet €1,774
Net result €1,774 after 2 loss-making years.
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 31 days late
2023
31-12
Financial
Weakest financial yearnet -€80,786
Net result drops to -€80,786, the lowest in the series; recovery starts the following year.
29-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 29 days late
2022
31-12
Financial
Liquidity quadruplescurrent ratio 18.71
Current ratio from 4.77 to 18.71; short-term debt falls from €30,085 to €7,460.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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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, Brecht · 1 establishment unit since 2021
Ground area
597 m²
Building footprint
255 m²
Volume, LiDAR
1,291 m³
Parcel 11043D0893/00P000, Flanders · tallest building 9.7 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
STUDIO L3
since 20212.317.582.002
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11043D0893/00P000 | Flanders | 597 m² | 1 · 255 m² | 9.7 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
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
2549008WDXFMKGZ1Y184
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Of 24,729 companies in sector 64210 we hold annual accounts for 19,799. 3,360 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded30-04-2021
Fiscal year end31-12
Activities, NACEBEL 2025
64210Activities of holding companies
31004Manufacture of dining room, living room, bedroom and bathroom furniture
E-invoicing
Reachable via Peppol
Peppol ID
0208:0767687989
Registered
27-03-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.