Studio LST
ActiveStudio LST has been active since 1989 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €421k and a net result of €22k. Equity is growing by ~15.4% per year across the filed fiscal years. Its solvency ranks better than 69% of 1986 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
81
/ 100
Excellent▼ -12 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability26▼-42
Solvency99▼-1
Growth52=
Stability100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35k at 30 days acceptable
Liquidity ample (current ratio 2.62 against 3.18 in 2024), and 36.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
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 →
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
63.2%
Return on assets
3.3%
Age of the figures
9 mo
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 09-06-2026, 52 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
52 d early
2024
72 d early
2023
2 d early
2022
54 d early
2021
46 d early
2020
60 d early
2019
23 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
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€421k▲ 5.5%
2024 · €399k
2018: €208k
2019: €179k
2020: €205k
2021: €251k
2022: €280k
2023: €345k
2024: €399k
2018 → 2025
Total assets
€667k▲ 16.4%
2024 · €573k
2018: €279k
2019: €344k
2020: €285k
2021: €334k
2022: €402k
2023: €461k
2024: €573k
2018 → 2025
Net result
€22k▼ 59.8%
2024 · €54k
2018: €74k
2019: €45k
2020: €26k
2021: €46k
2022: €29k
2023: €65k
2024: €54k
2018 → 2025
Working capital
€398k▲ 5.1%
2024 · €379k
2018: €218k
2019: €158k
2020: €201k
2021: €246k
2022: €269k
2023: €323k
2024: €379k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€251k-€280k▲ 11.4%€345k▲ 23.1%€399k▲ 15.8%€421k▲ 5.5%
Operating result€64k-€36k▼ 44.6%€90k▲ 153%€78k▼ 13.2%€33k▼ 57.5%
Net result€46k-€29k▼ 38.4%€65k▲ 126%€54k▼ 15.8%€22k▼ 59.8%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 57% below 2024 and is the lowest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €667k
Fixed assets
€23k▲ 12.6%
Current assets
€643k▲ 16.5%
Equity and liabilities €667k
Equity
€421k▲ 5.5%
Debt
€246k▲ 41.4%
The debt ratio rises from 30.3% to 36.8%: debt grows faster than equity.
Key figures and ratios
EBITDA
€40k▼
2024 · €84k
Cash flow
€29k▼
2024 · €60k
Solvency
63.2%▼
2024 · 69.7%
Current ratio
2.62▼
2024 · 3.18
Quick ratio
0.72▼
2024 · 1.05
Debt / equity
0.58▲
2024 · 0.44
ROE
5.2%▼
2024 · 13.6%
ROA
3.3%▼
2024 · 9.5%
Interest coverage
16.07▼
2024 · 28.85
Debt
€246k▲
2024 · €174k
Debt ≤ 1 year
€246k▲
2024 · €174k
Income taxes
€9k▼
2024 · €21k
Staff costs
€312k▲
2024 · €288k
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€573k€667k▲
Fixed assets21/28€21k€23k▲
Tangible fixed assets22/27€18k€21k▲
Plant, machinery and equipment23€2k€2k▼
Furniture and vehicles24€11k€16k▲
Other tangible fixed assets26€5k€3k▼
Financial fixed assets28€3k€3k▲
Current assets29/58€552k€643k▲
Stocks and contracts in progress3€370k€467k▲
Contracts in progress37€370k€467k▲
Amounts receivable within one year40/41€116k€166k▲
Trade receivables40€83k€135k▲
Other amounts receivable41€33k€31k▼
Cash at bank and in hand54/58€66k€96▼
Deferred charges and accrued income490/1€0€10k▲
Equity and liabilities
Total equity and liabilities10/49€573k€667k▲
Equity10/15€399k€421k▲
Contributions10/11€62k€62k=
Capital10€62k€62k=
Issued capital100€62k€62k=
Reserves13€337k€359k▲
Non-distributable reserves130/1€6k€6k=
Legal reserve130€6k€6k=
Distributable reserves133€331k€353k▲
Amounts payable17/49€174k€246k▲
Amounts payable after more than one year17€0-
Financial debts170/4€0-
Amounts payable within one year42/48€174k€246k▲
Current portion of amounts payable after more than one year42€661€0▼
Financial debts43€8k€29k▲
Credit institutions430/8€8k€29k▲
Trade debts44€87k€110k▲
Suppliers440/4€87k€110k▲
Taxes, remuneration and social security45€46k€47k▲
Taxes450/3€6k€12k▲
Remuneration and social security454/9€40k€34k▼
Other amounts payable47/48€32k€60k▲
Income statement
Code20242025
Remuneration, social security and pensions62€288k€312k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€6k€7k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€0-
Other operating charges640/8€3k€462▼
Gross operating margin9900€375k€352k▼
Operating profit (loss)9901€78k€33k▼
Financial income75/76B€29€524▲
Recurring financial income75€29€524▲
Financial charges65/66B€3k€3k▼
Recurring financial charges65€3k€3k▼
Profit (loss) for the period before taxes9903€75k€31k▼
Income taxes67/77€21k€9k▼
Profit (loss) for the period9904€54k€22k▼
Profit (loss) for the period to be appropriated9905€54k€22k▼
Appropriation of the result
Profit (loss) to be appropriated9906€54k€22k▼
Transfer to equity691/2€54k€22k▼
To other reserves6921€54k€22k▼
Social balance
Average headcount (FTE)90875.35.3=
The notes to these accounts (13 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
09-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet €22k ▼59.8%
Net result drops to €22k, the lowest in the series.
20-05
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
29-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
07-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
15-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
01-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Liquidity doublescurrent ratio 4.60
Current ratio from 2.06 to 4.60; short-term debt falls from €149k to €56k.
31-12
Financial
Equity above €200kEq €205k ▲14.8%
3 profitable years in a row build equity to €205k.
08-07
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
2017
24-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 24 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Maaseik · 1 establishment unit since 1989
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.
Kolonel Aertsplein 43680 MaaseikGround area
5,959 m²
Building footprint
3,762 m²
Volume, LiDAR
29,595 m³
Parcel 72021C0940/00E000, Flanders · tallest building 15.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Kolonel Aertsplein 4, 3680 Maaseik
since 19892.045.514.224
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 72021C0940/00E000 | Flanders | 5,959 m² | 1 · 3,762 m² | 15.6 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
2022 to 2025 · 3 entries · 4,363 EUR awarded · 3,113 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 2,741 EUR | 1,491 EUR |
| 2023 | 1 | 1,494 EUR | 1,494 EUR |
| 2022 | 1 | 128 EUR | 128 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Similar companies · same sector, comparable size
ARTEKA
BE 0419.097.606
Hamont-Achel · Eq €421k
ARCHITECT JOHAN STERCKX
BE 0843.143.794
Beersel · Eq €421k
ARCHITECTENBUREEL DENIES & D'HOLLANDER
BE 0870.073.667
Temse · Eq €422k
TIDES ARCHITECTURE
BE 0892.694.661
Kortrijk · Eq €422k
Atelier des architectes Brasseur et Wolfs
BE 0545.842.457
La Bruyère · Eq €422k
Of 18,256 companies in sector 71111 we hold annual accounts for 6,321. 4,243 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded23-10-1989
Fiscal year end31-12
Activities, NACEBEL
71111Activities of building architects
74201Photography, excluding press photography
Sources
Crossroads Bank for EnterprisesNational Bank · 36 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.