Studio Merk
ActiveStudio Merk has been active since 1985 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €52k and a net result of €5k. Equity is growing by ~6.3% per year across the filed fiscal years. Its solvency ranks better than 85% of 31662 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
91
/ 100
Excellent
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability79▲+8
Solvency100=
Growth61▲+17
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4.5k at 30 days acceptable
Liquidity ample (current ratio 8.03 against 7.43 in 2024; short-term debt: 12.4% and cash: 30.7% of total assets), and 12.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 70
Relative position
BE, all sectors
reference
Sector 70
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
87.1%
Return on assets
7.9%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 16-01-2026, 15 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
15 d early
2024
11 d late
2023
1 d early
2022
on the day
2021
34 d early
2020
33 d early
2019
1 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close21-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€24k▼ 1.9%
2023 · €24k
2023: €24k
2023 → 2024
EBIT margin
8.4%▲ 0.9pp
2023 · 7.6%
2023: 7.6%
2023 → 2024
Net result
€5k▲ 87.9%
2024 · €2k
2019: €4k
2020: €3k
2021: €4k
2022: €2k
2023: €2k
2024: €2k
2019 → 2025
Working capital
€52k▲ 11.7%
2024 · €46k
2019: €32k
2020: €35k
2021: €40k
2022: €39k
2023: €41k
2024: €46k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Turnover€24k€24k▼ 1.9%
Equity€41k-€43k▲ 4.0%€45k▲ 3.9%€47k▲ 5.6%€52k▲ 9.9%
Operating result€5k-€2k▼ 60.6%€2k▲ 2.8%€2k▲ 9.2%€4k▲ 121%
Net result€4k-€2k▼ 60.6%€2k▲ 2.6%€2k▲ 47.7%€5k▲ 87.9%
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 121% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €59k
Equity
€52k▲ 9.9%
Debt
€8k▲ 4.8%
The debt ratio falls from 13.4% to 12.9%. Equity and debt are higher.
Key figures and ratios
EBITDA
€5k▲
2024 · €3k
Cash flow
€5k▲
2024 · €3k
Solvency
87.1%▲
2024 · 86.6%
Current ratio
8.03▲
2024 · 7.43
Quick ratio
7.81▲
2024 · 7.20
Debt / equity
0.15▼
2024 · 0.16
ROE
9.0%▲
2024 · 5.3%
ROA
7.9%▲
2024 · 4.6%
Interest coverage
36.17▲
2024 · 20.48
Debt
€8k▲
2024 · €7k
Debt ≤ 1 year
€7k▲
2024 · €7k
Income taxes
€467▲
2024 · €248
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€54k€59k▲
Fixed assets21/28€556€0▼
Intangible fixed assets21€556€0▼
Financial fixed assets28€0-
Current assets29/58€54k€59k▲
Stocks and contracts in progress3€2k€2k=
Stocks30/36€2k€2k=
Amounts receivable within one year40/41€4k€9k▲
Trade receivables40€4k€9k▲
Current investments50/53€15k€30k▲
Cash at bank and in hand54/58€33k€18k▼
Deferred charges and accrued income490/1€171€412▲
Equity and liabilities
Total equity and liabilities10/49€54k€59k▲
Equity10/15€47k€52k▲
Contributions10/11€19k€19k=
Reserves13€28k€33k▲
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€28k€33k▲
Amounts payable17/49€7k€8k▲
Amounts payable within one year42/48€7k€7k▲
Trade debts44€46€6▼
Suppliers440/4€46€6▼
Taxes, remuneration and social security45€7k€7k▲
Taxes450/3€1k€1k▲
Remuneration and social security454/9€6k€6k=
Other amounts payable47/48€14€43▲
Accrued charges and deferred income492/3€61€258▲
Income statement
Code20242025
Turnover70€24k-
Non-recurring operating income76A€0-
Goods, raw materials, services and sundry goods60/61€23k-
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€667€556▼
Other operating charges640/8€227€714▲
Gross operating margin9900€3k€6k▲
Operating profit (loss)9901€2k€4k▲
Financial income75/76B€844€816▼
Recurring financial income75€844€816▼
Financial charges65/66B€131€139▲
Recurring financial charges65€131€139▲
Profit (loss) for the period before taxes9903€3k€5k▲
Income taxes67/77€248€467▲
Profit (loss) for the period9904€2k€5k▲
Profit (loss) for the period to be appropriated9905€2k€5k▲
Appropriation of the result
Profit (loss) to be appropriated9906€2k€5k▲
Transfer to equity691/2€2k€5k▲
To other reserves6921€2k€5k▲
The notes to these accounts (9 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
16-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Highest result since 2019net €5k ▲87.9%
Net result €5k, the highest in the series.
11-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 11 days late
2024
30-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial
Weakest financial yearnet €2k ▼60.6%
Net result drops to €2k, the lowest in the series; recovery starts the following year.
2021
28-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2020
29-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
30-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
24-01
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
05-01
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
04-01
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.
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, Antwerpen · 1 establishment unit since 1999
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.
Braziliëstraat 282000 AntwerpenGround area
1,010 m²
Building footprint
564 m²
Volume, LiDAR
6,766 m³
Parcel 11807G0126/02S018, Flanders · tallest building 18.3 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
STUDIO MERK
since 19992.028.029.082
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11807G0126/02S018 | Flanders | 1,010 m² | 1 · 564 m² | 18.3 m · 5 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
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LE2
BE 0675.931.830
Tessenderlo-Ham · Eq €52k
Amotex
BE 0426.496.330
Lendelede · Eq €52k
AVASOL
BE 0862.448.180
Wommelgem · Eq €52k
RAVIO
BE 0756.894.661
Antwerpen · Eq €52k
Of 82,570 companies in sector 70200 we hold annual accounts for 52,574. 38,238 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded18-09-1985
Fiscal year end30-06
Activities, NACEBEL
70200Business and other management consultancy
70220Business consulting
74142
15120Manufacture of leather and related products
71111Activities of building architects
82100Office administrative and support services
Sources
Crossroads Bank for EnterprisesNational Bank · 39 filingsAddress and cadastre registers
Data from official sources, last processed on 20-09-2026. Scores and ratios are computed by Checked and are not a credit decision.