Studio Mark
ActiveSummary
Studio Mark has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.45M and a net result of €324k. Equity is shrinking by ~6.8% per year across the filed fiscal years. Its solvency ranks better than 65% of 536 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability79▲+6
Solvency84▼-10
Growth32=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €190k at 30 days acceptable
Liquidity ample (current ratio 2.31 against 3.03 in 2024; short-term debt: 41.1% and cash: 31.9% of total assets), and 41.1% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 90
Relative position
BE, all sectors
reference
Arts creation and performing arts activities (NACE 90)
about 58% fewer bankruptcies
← 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
58.9%
Return on assets
7.8%
Age of the figures
9 mo
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
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 · 10 filingsDeviation from the deadline
2025
31 d late
2024
24 d early
2023
8 d late
2022
28 d late
2021
60 d late
2020
44 d late
2019
91 d late
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Accepting this client? The AML file with identity, beneficial owners and sanctions lists.AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed Roughly what is this company worth?Value indication
Financials · fiscal year 2025, abbreviated schema
Equity
€2.45M▼ 5.7%
2024 · €2.60M
Total assets
€4.15M▲ 10.6%
2024 · €3.76M
Net result
€324k▲ 151%
2024 · €129k
Working capital
€2.23M▼ 5.4%
2024 · €2.36M
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€426k▲ 143%€301k▼ 29.4%€274k▼ 8.9%€159k▼ 42.0%€403k▲ 153%
Net result€333k▲ 89.3%€214k▼ 35.6%€182k▼ 15.2%€129k▼ 29.0%€324k▲ 151%
Equity€4.46M▼ 1.2%€3.99M▼ 10.3%€3.70M▼ 7.4%€2.60M▼ 29.9%€2.45M▼ 5.7%
Total assets€4.62M▼ 0.5%€4.80M▲ 4.0%€3.89M▼ 18.8%€3.76M▼ 3.6%€4.15M▲ 10.6%
Debt€161k▲ 23.5%€804k▲ 400%€193k▼ 75.9%€1.16M▲ 500%€1.71M▲ 47.2%
Working capital€4.22M▼ 3.6%€3.93M▼ 7.0%€3.43M▼ 12.7%€2.36M▼ 31.4%€2.23M▼ 5.4%
Staff (FTE)1▼ 52.4%1=1=1=1.2▲ 20.0%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 153% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €4.15M
Fixed assets
€218k ▼ 9.1%
Current assets
€3.94M ▲ 12.0%
Equity and liabilities €4.15M
Equity
€2.45M ▼ 5.7%
Debt
€1.71M ▲ 47.2%
Debt's share of the balance-sheet total rises from 30.9% to 41.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€441k▲
2024 · €198k
Cash flow
€363k▲
2024 · €168k
Current ratio
2.31▼
2024 · 3.03
Quick ratio
2.26▼
2024 · 3.03
Debt to equity
0.70▲
2024 · 0.45
ROE
13.2%▲
2024 · 5.0%
ROA
7.8%▲
2024 · 3.4%
Interest coverage
30.08▼
2024 · 45.56
Debt ≤ 1 year
€1.71M▲
2024 · €1.16M
Income taxes
€111k▲
2024 · €56k
Staff costs
€67k▲
2024 · €47k
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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €18k | €0 | - | - | - | - |
| Remuneration, social security and pensions62 | €34k | €38k | €44k | €47k | €67k | ▲ 40.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €23k | €29k | €32k | €39k | €39k | ▼ 0.4% |
| Other operating charges640/8 | €5k | €5k | €3k | €3k | €3k | ▲ 13.1% |
| Non-recurring operating charges66A | €0 | - | - | - | €160 | - |
| Gross operating margin9900 | €488k | €372k | €353k | €248k | €511k | ▲ 106% |
| Operating profit (loss)9901 | €426k | €301k | €274k | €159k | €403k | ▲ 153% |
| Financial income75/76B | €52k | €14k | €11k | €30k | €47k | ▲ 56.3% |
| Recurring financial income75 | €52k | €14k | €11k | €30k | €47k | ▲ 56.3% |
| Financial charges65/66B | €1k | €6k | €24k | €4k | €15k | ▲ 238% |
| Recurring financial charges65 | €1k | €6k | €24k | €4k | €15k | ▲ 238% |
| Profit (loss) for the period before taxes9903 | €477k | €309k | €262k | €185k | €435k | ▲ 135% |
| Income taxes67/77 | €145k | €95k | €80k | €56k | €111k | ▲ 98.6% |
| Profit (loss) for the period9904 | €333k | €214k | €182k | €129k | €324k | ▲ 151% |
| Profit (loss) for the period to be appropriated9905 | €333k | €214k | €182k | €129k | €324k | ▲ 151% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €4.62M | €4.80M | €3.89M | €3.76M | €4.15M | ▲ 10.6% |
| Fixed assets21/28 | €231k | €250k | €269k | €240k | €218k | ▼ 9.1% |
| Tangible fixed assets22/27 | €177k | €196k | €215k | €182k | €160k | ▼ 12.0% |
| Plant, machinery and equipment23 | €2k | €892 | €555 | €370 | €3k | ▲ 683% |
| Furniture and vehicles24 | €38k | €38k | €76k | €58k | €52k | ▼ 11.0% |
| Other tangible fixed assets26 | €137k | €157k | €138k | €123k | €105k | ▼ 14.6% |
| Financial fixed assets28 | €54k | €54k | €54k | €58k | €58k | = |
| Current assets29/58 | €4.38M | €4.55M | €3.63M | €3.52M | €3.94M | ▲ 12.0% |
| Amounts receivable after more than one year29 | €1.95M | €1.98M | €1.55M | €1.69M | €1.99M | ▲ 17.8% |
| Other amounts receivable291 | €1.95M | €1.98M | €1.55M | €1.69M | €1.99M | ▲ 17.8% |
| Stocks and contracts in progress3 | €6k | €6k | €6k | €6k | €85k | ▲ 1,319% |
| Stocks30/36 | €6k | €6k | €6k | €6k | €85k | ▲ 1,319% |
| Amounts receivable within one year40/41 | €173k | €245k | €47k | €166k | €425k | ▲ 156% |
| Trade receivables40 | €16k | €109k | €7k | €136k | €377k | ▲ 178% |
| Other amounts receivable41 | €157k | €136k | €40k | €31k | €48k | ▲ 56.2% |
| Current investments50/53 | - | - | - | €430k | €90k | ▼ 79.1% |
| Cash at bank and in hand54/58 | €2.06M | €1.51M | €1.95M | €1.18M | €1.32M | ▲ 12.5% |
| Deferred charges and accrued income490/1 | €194k | €815k | €75k | €52k | €28k | ▼ 46.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €4.62M | €4.80M | €3.89M | €3.76M | €4.15M | ▲ 10.6% |
| Equity10/15 | €4.46M | €3.99M | €3.70M | €2.60M | €2.45M | ▼ 5.7% |
| Contributions10/11 | €190k | €190k | €190k | €190k | €190k | = |
| Reserves13 | €3.79M | €3.34M | €3.06M | €1.95M | €1.98M | ▲ 1.6% |
| Non-distributable reserves130/1 | €19k | €19k | €0 | - | - | - |
| Reserves not available under the articles1311 | €19k | €19k | €0 | - | - | - |
| Distributable reserves133 | €3.77M | €3.32M | €3.06M | €1.95M | €1.98M | ▲ 1.6% |
| Profit (loss) carried forward14 | €473k | €463k | €453k | €453k | €274k | ▼ 39.5% |
| Amounts payable17/49 | €161k | €804k | €193k | €1.16M | €1.71M | ▲ 47.2% |
| Amounts payable within one year42/48 | €160k | €618k | €193k | €1.16M | €1.71M | ▲ 47.2% |
| Trade debts44 | €53k | €421k | €40k | €23k | €357k | ▲ 1,479% |
| Suppliers440/4 | €53k | €421k | €40k | €23k | €357k | ▲ 1,479% |
| Taxes, remuneration and social security45 | €65k | €77k | €76k | €119k | €96k | ▼ 18.9% |
| Taxes450/3 | €8k | €28k | €28k | €73k | €30k | ▼ 58.1% |
| Remuneration and social security454/9 | €57k | €48k | €48k | €46k | €66k | ▲ 42.5% |
| Other amounts payable47/48 | €42k | €120k | €77k | €1.02M | €1.25M | ▲ 23.1% |
| Accrued charges and deferred income492/3 | €1k | €186k | €0 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €333k | €214k | €182k | €129k | €324k | ▲ 151% |
| + Depreciation and write-downs630 | €23k | €29k | €32k | €39k | €39k | ▼ 0.4% |
| Operating cash flow (approximation) | €355k | €243k | €214k | €168k | €363k | ▲ 116% |
| Investment in fixed assets (approximation) | - | €-48k | €-51k | €-10k | €-17k | ▼ 73.9% |
| Change in cash | - | €-555k | €440k | €-771k | €147k | ▲ 119% |
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 · abbreviated schema · 31 days late
2025
07-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-12
Financial
Weakest financial yearnet €129k ▼29%
Net result drops to €129k, the lowest in the series; recovery starts the following year.
08-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 8 days late
2023
31-12
Financial
Liquidity triplescurrent ratio 18.76
Current ratio from 7.36 to 18.76; short-term debt falls from €618k to €193k.
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 28 days late
2022
29-09
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 60 days late
2021
13-09
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 44 days late
2020
31-12
Financial
Liquidity doublescurrent ratio 36.94
Current ratio from 15.75 to 36.94; short-term debt falls from €287k to €122k.
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 91 days late
2019
13-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 13 days late
2018
16-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
16-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
4 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, Ronse · 2 establishment units since 2012
Ground area
9,056 m²
Building footprint
5,672 m²
Volume, LiDAR
13,156 m³
2 parcels, Flanders · tallest building 9.2 m, ±2 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
2 establishment units
Studio Mark
since 20122.210.862.107
Studio Mark
since 20202.317.191.428
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 45422D1227/00M000 | Flanders | 5,701 m² | 1 · 3,313 m² | 5.2 m |
| 45422D0792/00S000 | Flanders | 3,356 m² | 1 · 2,359 m² | 9.2 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 6,652 companies in sector 90111 we hold annual accounts for 384. 58 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded14-06-2012
Fiscal year end31-12
Activities, NACEBEL 2025
90111Literary creation
90120Visual arts creation
90391Promotion and organisation of arts and performing arts events
90399Other support activities for arts and performing arts
Scores and ratios are computed by Checked and are not a credit decision.