STUDIO PARNASSE
ActiveSummary
STUDIO PARNASSE has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €48k and a net result of €-1k. Equity remains stable across the filed fiscal years (±2.3% per year). Its solvency ranks better than 81% of 1309 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability67▲+57
Solvency88▼-9
Growth52=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3.5k at 30 days acceptable
Liquidity ample (current ratio 6.32 against 25.72 in 2024; short-term debt: 12.8% and cash: 63.6% of total assets), and 36.6% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
63.4%
Return on assets
-1.8%
Age of the figures
9 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 55
Relative position
BE, all sectors
reference
Accommodation (NACE 55)
about 6% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-1k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 14-08-2026, 14 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
14 d late
2024
35 d late
2023
40 d early
2022
38 d early
2021
32 d early
2020
40 d early
2019
32 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
Financials · fiscal year 2025, micro schema
Equity
€48k▼ 2.7%
2024 · €50k
2018: €42klowest in 8 years
2019: €45k▲ +7.7% vs 2018
2020: €46k▲ +0.2% vs 2019
2021: €52k▲ +14.9% vs 2020
2022: €54k▲ +3.9% vs 2021
2023: €55k▲ +0.7% vs 2022highest in 8 years
2024: €50k▼ -9.0% vs 2023
2025: €48k▼ -2.7% vs 2024
2018 → 2025
Total assets
€76k▲ 9.7%
2024 · €70k
2018: €54k
2019: €54k▲ +1.4% vs 2018
2020: €50k▼ -8.5% vs 2019lowest in 8 years
2021: €60k▲ +20.1% vs 2020
2022: €61k▲ +2.7% vs 2021
2023: €65k▲ +6.6% vs 2022
2024: €70k▲ +6.3% vs 2023
2025: €76k▲ +9.7% vs 2024highest in 8 years
2018 → 2025
Net result
€-1k▲ 72.4%
2024 · €-5k
2018: €2k
2019: €3k▲ +64.0% vs 2018
2020: €112▼ -96.5% vs 2019
2021: €7k▲ +5974% vs 2020highest in 8 years
2022: €2k▼ -69.7% vs 2021
2023: €394▼ -80.8% vs 2022
2024: €-5k▼ -1356% vs 2023lowest in 8 years
2025: €-1k▲ +72.4% vs 2024
2018 → 2025
Working capital
€52k▼ 9.3%
2024 · €57k
2018: €22klowest in 8 years
2019: €24k▲ +9.6% vs 2018
2020: €29k▲ +18.1% vs 2019
2021: €37k▲ +30.3% vs 2020
2022: €38k▲ +1.5% vs 2021
2023: €45k▲ +18.7% vs 2022
2024: €57k▲ +27.7% vs 2023highest in 8 years
2025: €52k▼ -9.3% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€52k-€54k▲ 3.9%€55k▲ 0.7%€50k▼ 9.0%€48k▼ 2.7%
2021: €52k
2022: €54k▲ +3.9% vs 2021
2023: €55k▲ +0.7% vs 2022highest in 5 years
2024: €50k▼ -9.0% vs 2023
2025: €48k▼ -2.7% vs 2024lowest in 5 years
Operating result€8k-€2k▼ 72.6%€1k▼ 48.7%€-5k€-1k▲ 77.4%
2021: €8khighest in 5 years
2022: €2k▼ -72.6% vs 2021
2023: €1k▼ -48.7% vs 2022
2024: €-5k▼ -524% vs 2023lowest in 5 years
2025: €-1k▲ +77.4% vs 2024
Net result€7k-€2k▼ 69.7%€394▼ 80.8%€-5k€-1k▲ 72.4%
2021: €7khighest in 5 years
2022: €2k▼ -69.7% vs 2021
2023: €394▼ -80.8% vs 2022
2024: €-5k▼ -1356% vs 2023lowest in 5 years
2025: €-1k▲ +72.4% vs 2024
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €1k in 2025 against €5k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €76k
Fixed assets
€14k ▲ 46.8%
Current assets
€62k ▲ 3.5%
Equity and liabilities €76k
Equity
€48k ▼ 2.7%
Debt
€28k ▲ 40.9%
Debt's share of the balance-sheet total rises from 28.5% to 36.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€3k▲
2024 · €-2k
Cash flow
€2k▲
2024 · €-2k
Current ratio
6.32▼
2024 · 25.72
Quick ratio
6.05▼
2024 · 24.08
Debt to equity
0.58▲
2024 · 0.40
ROE
-2.8%▲
2024 · -9.9%
ROA
-1.8%▲
2024 · -7.1%
Interest coverage
6.29▲
2024 · -9.66
Debt ≤ 1 year
€10k▲
2024 · €2k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 42 lines
Balance sheet
Code20242025
Assets
Total assets20/58€70k€76k▲
Fixed assets21/28€10k€14k▲
Tangible fixed assets22/27€10k€14k▲
Land and buildings22€3k€10k▲
Plant, machinery and equipment23€6k€4k▼
Furniture and vehicles24€620€413▼
Current assets29/58€60k€62k▲
Stocks and contracts in progress3€4k€3k▼
Stocks30/36€4k€3k▼
Amounts receivable within one year40/41€2k€11k▲
Trade receivables40-€7k
Other amounts receivable41€2k€3k▲
Cash at bank and in hand54/58€54k€49k▼
Deferred charges and accrued income490/1-€108
Equity and liabilities
Total equity and liabilities10/49€70k€76k▲
Equity10/15€50k€48k▼
Contributions10/11€19k€19k=
Reserves13€36k€36k=
Non-distributable reserves130/1€2k-
Reserves not available under the articles1311€2k-
Distributable reserves133€34k€36k▲
Profit (loss) carried forward14€-5k€-6k▼
Amounts payable17/49€20k€28k▲
Amounts payable within one year42/48€2k€10k▲
Trade debts44€1k€8k▲
Suppliers440/4€1k€8k▲
Taxes, remuneration and social security45€1k€1k▲
Taxes450/3€1k€1k▲
Accrued charges and deferred income492/3€18k€18k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€4k▲
Other operating charges640/8€18k€19k▲
Gross operating margin9900€16k€21k▲
Operating profit (loss)9901€-5k€-1k▲
Financial income75/76B€133€138▲
Recurring financial income75€133€138▲
Financial charges65/66B€221€404▲
Recurring financial charges65€221€404▲
Profit (loss) for the period before taxes9903€-5k€-1k▲
Profit (loss) for the period9904€-5k€-1k▲
Profit (loss) for the period to be appropriated9905€-5k€-1k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-5k€-6k▼
Profit (loss) brought forward from the previous period14P-€-5k
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7k | €8k | €7k | €3k | €4k | ▲ 33.4% |
| Other operating charges640/8 | €7k | €7k | €13k | €18k | €19k | ▲ 3.6% |
| Gross operating margin9900 | €23k | €18k | €21k | €16k | €21k | ▲ 33.8% |
| Operating profit (loss)9901 | €8k | €2k | €1k | €-5k | €-1k | ▲ 77.4% |
| Financial income75/76B | €3 | €156 | €127 | €133 | €138 | ▲ 3.8% |
| Recurring financial income75 | €3 | €156 | €127 | €133 | €138 | ▲ 3.8% |
| Financial charges65/66B | €104 | €161 | €774 | €221 | €404 | ▲ 82.3% |
| Recurring financial charges65 | €104 | €161 | €774 | €221 | €404 | ▲ 82.3% |
| Profit (loss) for the period before taxes9903 | €8k | €2k | €501 | €-5k | €-1k | ▲ 72.4% |
| Income taxes67/77 | €1k | €176 | €107 | - | - | - |
| Profit (loss) for the period9904 | €7k | €2k | €394 | €-5k | €-1k | ▲ 72.4% |
| Profit (loss) for the period to be appropriated9905 | €7k | €2k | €394 | €-5k | €-1k | ▲ 72.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €60k | €61k | €65k | €70k | €76k | ▲ 9.7% |
| Fixed assets21/28 | €19k | €16k | €10k | €10k | €14k | ▲ 46.8% |
| Tangible fixed assets22/27 | €19k | €16k | €10k | €10k | €14k | ▲ 46.8% |
| Land and buildings22 | €7k | €2k | - | €3k | €10k | ▲ 264% |
| Plant, machinery and equipment23 | €11k | €13k | €9k | €6k | €4k | ▼ 38.7% |
| Furniture and vehicles24 | €1k | €1k | €827 | €620 | €413 | ▼ 33.3% |
| Current assets29/58 | €41k | €45k | €56k | €60k | €62k | ▲ 3.5% |
| Stocks and contracts in progress3 | €5k | €6k | €3k | €4k | €3k | ▼ 31.2% |
| Stocks30/36 | €5k | €6k | €3k | €4k | €3k | ▼ 31.2% |
| Amounts receivable within one year40/41 | €2k | €2k | €6k | €2k | €11k | ▲ 373% |
| Trade receivables40 | - | - | €4k | - | €7k | - |
| Other amounts receivable41 | €2k | €2k | €2k | €2k | €3k | ▲ 47.7% |
| Cash at bank and in hand54/58 | €33k | €37k | €42k | €54k | €49k | ▼ 9.6% |
| Deferred charges and accrued income490/1 | €598 | €608 | €5k | - | €108 | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €60k | €61k | €65k | €70k | €76k | ▲ 9.7% |
| Equity10/15 | €52k | €54k | €55k | €50k | €48k | ▼ 2.7% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €34k | €36k | €36k | €36k | €36k | = |
| Non-distributable reserves130/1 | €2k | €2k | €2k | €2k | - | - |
| Reserves not available under the articles1311 | €2k | €2k | €2k | €2k | - | - |
| Distributable reserves133 | €32k | €34k | €34k | €34k | €36k | ▲ 5.4% |
| Profit (loss) carried forward14 | - | - | - | €-5k | €-6k | ▼ 27.6% |
| Amounts payable17/49 | €8k | €7k | €11k | €20k | €28k | ▲ 40.9% |
| Amounts payable within one year42/48 | €3k | €7k | €11k | €2k | €10k | ▲ 321% |
| Trade debts44 | €2k | €3k | €7k | €1k | €8k | ▲ 566% |
| Suppliers440/4 | €2k | €3k | €7k | €1k | €8k | ▲ 566% |
| Taxes, remuneration and social security45 | €1k | €4k | €3k | €1k | €1k | ▲ 23.4% |
| Taxes450/3 | €1k | €4k | €3k | €1k | €1k | ▲ 23.4% |
| Accrued charges and deferred income492/3 | €4k | - | - | €18k | €18k | ▲ 3.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7k | €2k | €394 | €-5k | €-1k | ▲ 72.4% |
| + Depreciation and write-downs630 | €7k | €8k | €7k | €3k | €4k | ▲ 33.4% |
| Operating cash flow (approximation) | €14k | €10k | €7k | €-2k | €2k | ▲ 202% |
| Investment in fixed assets (approximation) | - | €-6k | €0 | €-3k | €-8k | ▼ 195% |
| Change in cash | - | €4k | €5k | €12k | €-5k | ▼ 143% |
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
14-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 14 days late
13-08
State Gazette act
Appointment: Daniel Muermans (non-statutory director)Mandate compensation · Power of attorney4 facts ▸
State Gazette act
Appointment: Daniel Muermans (non-statutory director)
Mandate compensation · Power of attorney4 facts ▸
- General meeting, 09/06/2026
- Director appointment, Daniel Muermans (non-statutory director)
- Mandate compensation, Daniel Muermans
- Power of attorney, FISCALIS
2025
04-09
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 35 days late
2024
31-12
Financial
Weakest financial yearnet €-5k
Net result drops to €-5k, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity times 5current ratio 25.72
Current ratio from 5.20 to 25.72; short-term debt falls from €11k to €2k.
21-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
23-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €7k ▲5,974%
Operating result €8k, net result €7k, both a record.
21-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
01-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 32 days late
2019
09-09
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 40 days late
2018
04-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
22-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 22 days late
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.
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Directors · office · real estate
Directors
1 director, last change in 2026
Daniel Muermans
CurrentNon-statutory director · since 09-06-2026
09-06-2026
Appointed as Non-statutory director
Not every act has been read: a resignation may be missing here
2 of this company's 3 Belgian State Gazette acts have not been read yet. Appointments and resignations recorded in them are missing above: a director who resigned there may therefore still show here as sitting. The acts are in the Timeline.
Location & real-estate footprint
Registered office, Elsene · 1 establishment unit since 1992
Ground area
135 m²
Building footprint
118 m²
Volume, LiDAR
1,440 m³
Parcel 21442A0007/00Y008, Brussels · tallest building 18.4 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
Parnassusstraat 34, 1050 Elsene
since 19922.058.655.447
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21442A0007/00Y008 | Brussels | 135 m² | 1 · 117 m² | 18.4 m · 5 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.
Recognitions · licences · registrations
Food safety, FASFC
1 siteElsene2.058.655.447
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Of 2,393 companies in sector 55100 we hold annual accounts for 1,514. 891 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
Founded25-06-1992
Fiscal year end31-12
Activities, NACEBEL 2025
55100Hotels and similar accommodation
55203Holiday cottages, homes and apartments
Scores and ratios are computed by Checked and are not a credit decision.