Studio Makker
ActiveStudio Makker has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €30k and a net result of €25k. Equity is growing by ~62.1% per year across the filed fiscal years. Its solvency ranks better than 22% of 3448 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
76
/ 100
Excellent▲ +25 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability100=
Solvency21▲+14
Growth78▲+46
Stability94
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days acceptable
Liquidity tight (current ratio 1.05 against 0.74 in 2024), and 86.7% 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+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 74
Relative position
BE, all sectors
reference
Sector 74
lower
← fewer bankruptcies
more bankruptcies →
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
13.3%
Return on assets
11.2%
Age of the figures
8 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 3448 sector peers (2025).
NBB · sector comparisonPosition among 3448 sector peers
Solvency
better than 22%
← 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 03-09-2026, 34 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
34 d late
2024
29 d late
2023
2 d early
2022
31 d late
2021
34 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
13-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€30k▲ 550%
2024 · €5k
2021: €19k
2022: €-1k
2023: €284
2024: €5k
2021 → 2025
Total assets
€226k▲ 14.3%
2024 · €198k
2021: €31k
2022: €186k
2023: €176k
2024: €198k
2021 → 2025
Net result
€25k▲ 486%
2024 · €4k
2021: €17k
2022: €-21k
2023: €2k
2024: €4k
2021 → 2025
Working capital
€4k
2024 · €-16k
2021: €19k
2022: €-28k
2023: €-17k
2024: €-16k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€19k-€-1k€284€5k▲ 1,531%€30k▲ 550%
Operating result€22k-€-17k€8k€11k▲ 30.3%€35k▲ 221%
Net result€17k-€-21k€2k€4k▲ 149%€25k▲ 486%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 221% above 2024 and is the highest year so far.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €226k
Fixed assets
€145k▼ 3.7%
Current assets
€81k▲ 71.7%
Equity and liabilities €226k
Equity
€30k▲ 550%
Debt
€196k▲ 1.5%
The debt ratio falls from 97.7% to 86.7%: equity grows faster than debt.
Key figures and ratios
EBITDA
€41k▲
2024 · €18k
Cash flow
€31k▲
2024 · €12k
Solvency
13.3%▲
2024 · 2.3%
Current ratio
1.05▲
2024 · 0.74
Quick ratio
1.05▲
2024 · 0.74
Debt / equity
6.52▼
2024 · 41.77
ROE
84.6%▼
2024 · 93.9%
ROA
11.2%▲
2024 · 2.2%
Interest coverage
7.71▲
2024 · 2.85
Debt
€196k▲
2024 · €194k
Debt ≤ 1 year
€77k▲
2024 · €64k
Debt > 1 year
€119k▼
2024 · €128k
Income taxes
€4k
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€198k€226k▲
Fixed assets21/28€151k€145k▼
Tangible fixed assets22/27€151k€145k▼
Land and buildings22€146k€142k▼
Plant, machinery and equipment23€3k€3k▼
Furniture and vehicles24€1k€7▼
Financial fixed assets28€290€540▲
Current assets29/58€47k€81k▲
Amounts receivable within one year40/41€19k€52k▲
Trade receivables40€14k€43k▲
Other amounts receivable41€6k€9k▲
Cash at bank and in hand54/58€28k€29k▲
Deferred charges and accrued income490/1€78€1k▲
Equity and liabilities
Total equity and liabilities10/49€198k€226k▲
Equity10/15€5k€30k▲
Contributions10/11€2k€2k=
Profit (loss) carried forward14€3k€28k▲
Amounts payable17/49€194k€196k▲
Amounts payable after more than one year17€128k€119k▼
Financial debts170/4€128k€119k▼
Amounts payable within one year42/48€64k€77k▲
Current portion of amounts payable after more than one year42€10k€10k▲
Trade debts44€12k€21k▲
Suppliers440/4€12k€21k▲
Advances received on contracts in progress46€22k€28k▲
Taxes, remuneration and social security45€3k€3k▲
Taxes450/3€3k€2k▼
Remuneration and social security454/9€0€1k▲
Other amounts payable47/48€16k€14k▼
Accrued charges and deferred income492/3€2k€683▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€6k▼
Other operating charges640/8€2k€6k▲
Gross operating margin9900€20k€46k▲
Operating profit (loss)9901€11k€35k▲
Financial income75/76B-€15
Recurring financial income75-€15
Financial charges65/66B€6k€5k▼
Recurring financial charges65€6k€5k▼
Profit (loss) for the period before taxes9903€4k€29k▲
Income taxes67/77-€4k
Profit (loss) for the period9904€4k€25k▲
Profit (loss) for the period to be appropriated9905€4k€25k▲
Appropriation of the result
Profit (loss) to be appropriated9906€3k€28k▲
Profit (loss) brought forward from the previous period14P€-2k€3k▲
The notes to these accounts (12 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
03-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 34 days late
2025
31-12
Financial
Highest result since 2021net €25k ▲486%
Operating result €35k, net result €25k, both a record.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
29-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Weakest financial yearnet €-21k ▼220%
Net result drops to €-21k, the lowest in the series; recovery starts the following year.
27-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro 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, Waasmunster · 1 establishment unit since 2020
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.
Klaverbeekstraat 179250 WaasmunsterGround area
734 m²
Building footprint
130 m²
Volume, LiDAR
605 m³
Parcel 42023A1934/00Y000, Flanders · tallest building 7.3 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Studio Makker
since 20202.309.644.234
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42023A1934/00Y000 | Flanders | 734 m² | 1 · 130 m² | 7.3 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.
Similar companies · same sector, comparable size
WOW SERVICES
BE 0737.374.895
Antwerpen · Eq €30k
Studio Wolf
BE 1008.160.986
Kortrijk · Eq €30k
GIMME SHELTER
BE 0718.810.877
Antwerpen · Eq €30k
Thongkam Baan
BE 1001.669.510
Leuven · Eq €31k
Graveelius
BE 0793.939.060
Boutersem · Eq €31k
Of 6,289 companies in sector 74120 we hold annual accounts for 1,001. 865 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded17-11-2020
Fiscal year end31-12
Activities, NACEBEL
74103Other professional, scientific and technical activities
74120Graphic design and visual communication
43320Joinery installation
74104Other professional, scientific and technical activities
74130Interior design
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.