STUDIO MG

Active

Private limited companyfounded 20187 yrs activeKleine Markt(HRT) 5, 2200 Herentals, BelgiumKBO/BCE: BE 0714.931.075

Summary

STUDIO MG has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €130,490 and a net result of €44,449. Equity is growing by ~43.6% per year across the filed fiscal years. Its solvency ranks better than 52% of 2033 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).

Risk analysis Watch Report Compare

STUDIO MGActiveChecked score 79/100

Risk analysis Report Compare

Checked score

Score 2025

79 / 100

Excellent

Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability90▲+6

Solvency74▲+2

Growth78=

Track record100

Bankruptcy probability, 12 months

0.4% Very low

0%0.5%1.5%4%10%≥ 25%

Credit up to €10,000 at 30 days acceptable

Liquidity tight (current ratio 1.15 against 1.24 in 2024; short-term debt: 38% and cash: 27.3% of total assets), and 51% of the assets are financed with debt.

Credit check for your own amount and term

Show the recommended maximum : and see how the verdict changes with amount, term and advance.

Signals

Four signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

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

Architectural and engineering activities; technical testing and analysis (NACE 71)

about 56% fewer bankruptcies

← fewer bankruptcies more bankruptcies →

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Annual accounts: healthy financial profile

The latest annual accounts show a healthy profile in solvency, result and liquidity.

NBB · annual accounts 2025

Solvency, return and age of the figures

Solvency

49%

Return on assets

16.7%

Age of the figures

12 mo

Latest accounts filed on time

The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 23-03-2026, 38 days ahead of the deadline.

NBB · 6 filings

Deviation from the deadline

2025

38 d early

2024

30 d early

2023

on the day

2022

2 d early

2021

30 d early

2020

32 d early

← before the deadline after the deadline →

tick = median of all Belgian filingsring = median in the sector

This company filed its last 6 accounts on average 22 days before the deadline; the sector median for financial year 2024 is 8 days before the deadline, and 33% of the sector filed late.

Checked, nothing found (2)

The next deadline is still running

The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 31 March (4 of the last 5 filed years within 30 days of that day).

Companies Code · seven months

Position in the running window

28-09-2026 today30-09-2026 close30-04-2027 deadline

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

History

STUDIO MG was incorporated on 29 November 2018.¹ Total assets rose from EUR 36,300 in 2020 to EUR 266,295 in 2025.²

Go further with this company

How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark

Is this your company? See how customers and banks see it.

Investigating this company? Keep it with today's facts in a case file.

Financials · fiscal year 2025, abbreviated schema

Equity

€130,490▲ 24.0%

2024 · €105,221

Total assets

€266,295▲ 18.5%

2024 · €224,737

Net result

€44,449▲ 63.3%

2024 · €27,220

Working capital

€14,832▼ 16.8%

2024 · €17,822

Trend over the years

Chart Table

Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, 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€3,213▼ 87.4%€24,448▲ 661%€47,418▲ 94.0%€44,944▼ 5.2%€70,294▲ 56.4%

Net result€1,767▼ 89.7%€17,050▲ 865%€37,071▲ 117%€27,220▼ 26.6%€44,449▲ 63.3%

Equity€25,380▲ 8.9%€42,430▲ 67.2%€78,001▲ 83.8%€105,221▲ 34.9%€130,490▲ 24.0%

Total assets€49,078▲ 35.2%€80,018▲ 63.0%€128,046▲ 60.0%€224,737▲ 75.5%€266,295▲ 18.5%

Debt€23,698▲ 82.3%€37,588▲ 58.6%€50,045▲ 33.1%€119,516▲ 139%€135,805▲ 13.6%

Working capital€25,380▲ 9.8%€43,028▲ 69.5%€74,976▲ 74.2%€17,822▼ 76.2%€14,832▼ 16.8%

Solvency51.7%▼ 12.5pp53.0%▲ 1.3pp60.9%▲ 7.9pp46.8%▼ 14.1pp49.0%▲ 2.2pp

Current ratio2.07▼ 0.712.16▲ 0.092.51▲ 0.351.24▼ 1.271.15▼ 0.09

Return on assets (ROA)3.6%▼ 43.5pp21.3%▲ 17.7pp29.0%▲ 7.6pp12.1%▼ 16.8pp16.7%▲ 4.6pp

above within below the middle half (P25 to P75) of NACE 71, Architectural and engineering activities; technical testing and analysis, each year against the same schema; no band under 30 filings.

Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.

Result per fiscal year

Operating resultNet result

The operating result recovers in 2025; 2025 is 56% above 2024 and is the highest result in the available series.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €266,295

56.4%

43.6%

Fixed assets €150,256 ▲ 14.2%

Current assets €116,039 ▲ 24.6%

Equity and liabilities €266,295

49.0%

51.0%

Equity €130,490 ▲ 24.0%

Debt €135,805 ▲ 13.6%

Debt's share of the balance-sheet total falls from 53.2% to 51.0%. Equity and debt are higher.

Key figures and ratios

2025 value · change against 2024

EBITDA

€71,851▲

2024 · €46,284

Cash flow

€46,006▲

2024 · €28,560

Debt to equity

1.04▼

2024 · 1.14

ROE

34.1%▲

2024 · 25.9%

Interest coverage

27.76▲

2024 · 17.48

Debt ≤ 1 year

€101,207▲

2024 · €75,297

Debt > 1 year

€34,598▼

2024 · €44,219

Income taxes

€23,257▲

2024 · €15,096

Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Annual accounts

OverviewIncome statement Balance sheet Cash flow

Filed annual accounts As filed with the NBB · 2025 against 2024 · 45 lines

Balance sheet Code20242025

Assets

Total assets20/58€224,737€266,295▲

Fixed assets21/28€131,618€150,256▲

Tangible fixed assets22/27€4,678€3,121▼

Furniture and vehicles24€4,678€3,121▼

Financial fixed assets28€126,940€147,135▲

Current assets29/58€93,119€116,039▲

Amounts receivable within one year40/41€12,299€11,009▼

Trade receivables40€11,572€10,384▼

Other amounts receivable41€727€625▼

Cash at bank and in hand54/58€44,276€72,740▲

Deferred charges and accrued income490/1€36,544€32,290▼

Equity and liabilities

Total equity and liabilities10/49€224,737€266,295▲

Equity10/15€105,221€130,490▲

Contributions10/11€6,200€6,200=

Reserves13€99,021€124,290▲

Distributable reserves133€99,021€124,290▲

Amounts payable17/49€119,516€135,805▲

Amounts payable after more than one year17€44,219€34,598▼

Financial debts170/4€44,219€34,598▼

Amounts payable within one year42/48€75,297€101,207▲

Current portion of amounts payable after more than one year42€9,177€9,621▲

Trade debts44€6,314€4,295▼

Suppliers440/4€6,314€4,295▼

Taxes, remuneration and social security45€15,129€13,544▼

Taxes450/3€15,129€13,544▼

Other amounts payable47/48€44,677€73,747▲

Income statement Code20242025

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,340€1,557▲

Other operating charges640/8€3,164€4,218▲

Gross operating margin9900€49,448€76,069▲

Operating profit (loss)9901€44,944€70,294▲

Financial income75/76B€20€0▼

Recurring financial income75€20€0▼

Financial charges65/66B€2,648€2,589▼

Recurring financial charges65€2,648€2,589▼

Profit (loss) for the period before taxes9903€42,316€67,706▲

Income taxes67/77€15,096€23,257▲

Profit (loss) for the period9904€27,220€44,449▲

Profit (loss) for the period to be appropriated9905€27,220€44,449▲

Appropriation of the result

Profit (loss) to be appropriated9906€62,792€44,449▼

Profit (loss) brought forward from the previous period14P€35,571-

Transfer from equity791/2-€19,180

Transfer to equity691/2€62,792€44,449▼

To other reserves6921€62,792€44,449▼

Profit to be distributed694/7-€19,180

Return on contributions (dividend)694-€19,180

The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line	2021	2022	2023	2024	2025	Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630	€187	-	€29	€1,340	€1,557	▲ 16.2%
Other operating charges640/8	-	€1,296	€2,180	€3,164	€4,218	▲ 33.3%
Gross operating margin9900	€3,989	€25,744	€49,626	€49,448	€76,069	▲ 53.8%
Operating profit (loss)9901	€3,213	€24,448	€47,418	€44,944	€70,294	▲ 56.4%
Financial income75/76B	-	€30	-	€20	€0	▼ 99.9%
Recurring financial income75	€20	€30	-	€20	€0	▼ 99.9%
Financial charges65/66B	-	€123	€432	€2,648	€2,589	▼ 2.2%
Recurring financial charges65	€106	€123	€432	€2,648	€2,589	▼ 2.2%
Profit (loss) for the period before taxes9903	€3,127	€24,356	€46,986	€42,316	€67,706	▲ 60.0%
Income taxes67/77	€1,361	€7,306	€9,915	€15,096	€23,257	▲ 54.1%
Profit (loss) for the period9904	€1,767	€17,050	€37,071	€27,220	€44,449	▲ 63.3%
Profit (loss) for the period to be appropriated9905	€1,767	€17,050	€37,071	€27,220	€44,449	▲ 63.3%

Line	2021	2022	2023	2024	2025	Change
Assets
Total assets20/58	€49,078	€80,018	€128,046	€224,737	€266,295	▲ 18.5%
Fixed assets21/28	-	-	€3,409	€131,618	€150,256	▲ 14.2%
Tangible fixed assets22/27	-	-	€3,409	€4,678	€3,121	▼ 33.3%
Furniture and vehicles24	-	-	€3,409	€4,678	€3,121	▼ 33.3%
Financial fixed assets28	-	-	-	€126,940	€147,135	▲ 15.9%
Current assets29/58	€49,078	€80,018	€124,637	€93,119	€116,039	▲ 24.6%
Amounts receivable within one year40/41	€8,076	€8,473	€10,373	€12,299	€11,009	▼ 10.5%
Trade receivables40	-	€8,473	€9,652	€11,572	€10,384	▼ 10.3%
Other amounts receivable41	-	-	€721	€727	€625	▼ 14.1%
Cash at bank and in hand54/58	€27,907	€64,242	€87,226	€44,276	€72,740	▲ 64.3%
Deferred charges and accrued income490/1	-	€7,302	€27,037	€36,544	€32,290	▼ 11.6%
Equity and liabilities
Total equity and liabilities10/49	€49,078	€80,018	€128,046	€224,737	€266,295	▲ 18.5%
Equity10/15	€25,380	€42,430	€78,001	€105,221	€130,490	▲ 24.0%
Contributions10/11	-	€6,200	€6,200	€6,200	€6,200	=
Reserves13	€19,180	€36,230	€36,230	€99,021	€124,290	▲ 25.5%
Distributable reserves133	-	€36,230	€36,230	€99,021	€124,290	▲ 25.5%
Profit (loss) carried forward14	-	-	€35,571	-	-	-
Amounts payable17/49	€23,698	€37,588	€50,045	€119,516	€135,805	▲ 13.6%
Amounts payable after more than one year17	-	-	-	€44,219	€34,598	▼ 21.8%
Financial debts170/4	-	-	-	€44,219	€34,598	▼ 21.8%
Amounts payable within one year42/48	€23,698	€36,990	€49,661	€75,297	€101,207	▲ 34.4%
Current portion of amounts payable after more than one year42	-	-	-	€9,177	€9,621	▲ 4.8%
Trade debts44	€7,385	€5,516	€8,002	€6,314	€4,295	▼ 32.0%
Suppliers440/4	-	€5,516	€8,002	€6,314	€4,295	▼ 32.0%
Taxes, remuneration and social security45	-	€6,032	€8,525	€15,129	€13,544	▼ 10.5%
Taxes450/3	-	€6,032	€8,525	€15,129	€13,544	▼ 10.5%
Other amounts payable47/48	-	€25,441	€33,133	€44,677	€73,747	▲ 65.1%
Accrued charges and deferred income492/3	-	€598	€384	-	-	-

Line	2021	2022	2023	2024	2025	Change
Profit (loss) for the period9904	€1,767	€17,050	€37,071	€27,220	€44,449	▲ 63.3%
+ Depreciation and write-downs630	€187	-	€29	€1,340	€1,557	▲ 16.2%
Operating cash flow (approximation)	€1,954	€17,050	€37,100	€28,560	€46,006	▲ 61.1%
Investment in fixed assets (approximation)	-	-	-	-€129,549	-€20,195	▲ 84.4%
Change in cash	-	€36,335	€22,984	-€42,950	€28,464	▲ 166%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Timeline · acts, filings and financial milestones

All 10Financial 3Gazette 1Filings 6

Next filing, fiscal year 2026, expected by 30-04-2027

2026

11-08

State Gazette act Statutes amendment

Board report · Purpose change5 facts ▸

General meeting, enige aandeelhouder handelend als buitengewone algemene vergadering
Board report, 19-06-2026
Purpose change
Statutes amendment, 3
Board meeting, opdracht geven aan de ondergetekende notaris om de coördinatie van de statuten op te maken en te ondertekenen en de neerlegging daarvan in het vennootschapsdoss…

23-03

NBB filing Annual accounts filed

fiscal year 2025 · abbreviated schema

2025

30-09

Financial Highest result since 2020net €44,449 ▲63.3%

Operating result €70,294, net result €44,449, both a record.

31-03

NBB filing Annual accounts filed

fiscal year 2024 · abbreviated schema

2024

30-09

Financial Equity above €100,000Eq €105,221 ▲34.9%

5 profitable years in a row build equity to €105,221.

30-04

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

2023

28-04

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

2022

31-03

NBB filing Annual accounts filed

fiscal year 2021 · micro schema

2021

30-09

Financial Weakest financial yearnet €1,767 ▼89.7%

Net result drops to €1,767, the lowest in the series; recovery starts the following year.

29-03

NBB filing Annual accounts filed

fiscal year 2020 · micro schema

Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

1 of 3 acts read

About the unread acts

Of the 3 Belgian State Gazette acts we know for this company, 1 has been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.

Have them read with priority Sign in to place this company at the front of the reading queue.

Directors · office · real estate

Directors

3 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.

Location & real-estate footprint

Registered office, Herentals · 1 establishment unit since 2018

seat establishment The establishment unit on the map

Ground area

124 m²

Building footprint

65 m²

Volume, LiDAR

333 m³

Parcel 13011E0375/00R003, Flanders · tallest building 8.8 m, ±2 floors. Linked by address, not a title deed.

1 establishment unit

STUDIO MG

Kleine Markt(HRT) 5, 2200 HerentalsActivities of building architects

since 20182.282.347.939

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
13011E0375/00R003	Flanders	124 m²	1 · 65 m²	8.8 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.

Structure & network

Owners and holdings

1 holding

Owners 0

The accounts to 30-09-2025 list no shareholders, and no other source names one.

Holdings 1

STAM architecten

Sourceown accounts 30-09-2025
Equity €400,694Result €116,327

28.02%

According to the annual accounts to 30-09-2025 of STUDIO MG and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.

Connections & network

No current directors or connected companies found in the register.

Similar companies · same sector, comparable size

ARDEIN ARCHITECTEN

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KLOU architecten

BE 0505.998.025

Roeselare · Eq €130,634

iD Studio Projects

BE 0786.990.197

Hoeilaart · Eq €130,340

ARCHITECT TOM BEEUSAERT

Antwerpen · Eq €130,184

Of 18,254 companies in sector 71111 we hold annual accounts for 6,321. 5,407 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

Founded29-11-2018

Fiscal year end30-09

Activities, NACEBEL 2025

71111Activities of building architects

71112Activities of interior architects

E-invoicing

Reachable via Peppol

Peppol ID 0208:0714931075

Also 9925:BE0714931075

Registered 21-11-2025

If you follow this company, Checked tells you the day it leaves the Peppol register.

Scores and ratios are computed by Checked and are not a credit decision.