STUDIO PASCAL LEBRUN
ActiveFrom the official registers: KBO 34 annual accounts at the National Bank publications in the Belgian Official Gazette
Summary
STUDIO PASCAL LEBRUN has been active since 1991 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €97,927 and a net result of -€1,850. Equity is growing by about 11% per year across the filed financial years. Its solvency ranks better than 81% of 210 sector peers (NACE 74, financial year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
Official details
KBO- Status
- Active since 13-06-1991 Normal situation
- Legal form
- Public limited company
- Registered office
- Bosstraat 18, 8780 Oostrozebeke
- Activity
- Photography, excluding press photography NACE 74201
- Establishment unit
- 2.053.651.336 8780 Oostrozebeke, since 23-07-1991
- Financial year end
- 31 December
- Peppol
- Reachable since 30-03-2026
Who decides
- BV Mipa FrostChair · permanent representative Braecke Pascal
- Desander MirandaDirector · since 31-10-2019
How it is doing
- Bankruptcy probabilitywithin 12 months
- 0.2%
- Gross margin
- -€2,804
- ▼ 93.3%
- Loss
- €1,850
- ▲ 326%
- Equity
- €97,927
- ▼ 1.9%
- Total assets
- €135,169
- =
Why 86raises riskLast filed accounts filed 31 days late; 1 of the last 3 lateLiquidity: current ratio 3.63, cash €484lowers riskFounded in 1991Size: total assets €135,169Show the evidence
Checked score
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 74, micro): better than 74% on solvency, 23% on liquidity, 23% on profitability and 38% on growth.
The bankruptcy probability was computed on 31-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 15 days after the deadline; the sector median (NACE 74) for financial year 2024 is 3 days before the deadline, and 38% of those companies filed late.
Searched, nothing found (2)
Financials · financial year 2025, full format
2025 annual accounts filed late (31 days) Filed on 31 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00488377.
Annual accounts 2025
- Financial year ended
- 31-12-2025
- Filed on
- 31-08-2026
- Format
- full format
- Reference
- 2026-00488377
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result stays negative: a loss of €3,057 in 2025 against €1,701 in 2024; the loss grows.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 74, Other professional, scientific and technical activities: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 12,322 companies that looked in July 2024 the way this one looks now, 0.7% went bankrupt within 24 months and 90.3% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a small loss
A further 0.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.2% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 12,322 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €687,755 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3,555 | €2,473 | €2,473 | €236 | - | - | - | - | - |
| Other operating charges640/8 | - | - | - | €5,385 | - | €240 | €251 | €253 | ▲ 0.8% |
| Gross operating margin9900 | €3,720 | -€14,460 | -€3,682 | €980 | €650,074 | -€3,206 | -€1,450 | -€2,804 | ▼ 93.3% |
| Operating profit (loss)9901 | -€4,555 | -€21,750 | -€11,500 | -€4,642 | €650,074 | -€3,446 | -€1,701 | -€3,057 | ▼ 79.6% |
| Financial income75/76B | - | - | - | €12,000 | €5,812 | €1,470 | €1,399 | €1,309 | ▼ 6.4% |
| Recurring financial income75 | - | €14,300 | €12,054 | €12,000 | €5,812 | €1,470 | €1,399 | €1,309 | ▼ 6.4% |
| Financial charges65/66B | - | - | - | €313 | €600,380 | €262 | €131 | €102 | ▼ 22.6% |
| Recurring financial charges65 | €82 | €137 | €82 | €313 | €380 | €262 | €131 | €102 | ▼ 22.6% |
| Non-recurring financial charges66B | - | - | - | - | €600,000 | - | - | - | - |
| Profit (loss) for the period before taxes9903 | -€4,637 | -€7,587 | €472 | €7,045 | €55,506 | -€2,237 | -€434 | -€1,850 | ▼ 326% |
| Income taxes67/77 | - | - | - | - | €13,557 | - | - | - | - |
| Profit (loss) for the period9904 | -€4,637 | -€7,587 | €472 | €7,045 | €41,949 | -€2,237 | -€434 | -€1,850 | ▼ 326% |
| Profit (loss) for the period to be appropriated9905 | -€4,637 | -€7,587 | €472 | €7,045 | €41,949 | -€2,237 | -€434 | -€1,850 | ▼ 326% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €89,221 | €90,023 | €94,942 | €95,397 | €178,688 | €154,126 | €135,162 | €135,169 | = |
| Fixed assets21/28 | €86,398 | €83,925 | €81,453 | €81,216 | €62 | €62 | - | - | - |
| Tangible fixed assets22/27 | €86,336 | €83,863 | €81,391 | €81,154 | - | - | - | - | - |
| Land and buildings22 | - | - | - | €81,154 | - | - | - | - | - |
| Financial fixed assets28 | €62 | €62 | €62 | €62 | €62 | €62 | - | - | - |
| Current assets29/58 | €2,823 | €6,098 | €13,490 | €14,181 | €178,626 | €154,064 | €135,162 | €135,169 | = |
| Amounts receivable within one year40/41 | €1,059 | €1,236 | €13,304 | €13,858 | €174,140 | €148,115 | €133,692 | €134,685 | ▲ 0.7% |
| Trade receivables40 | - | - | - | - | €27,249 | - | €1,399 | €1,990 | ▲ 42.2% |
| Other amounts receivable41 | - | - | - | €13,858 | €146,891 | €148,115 | €132,293 | €132,695 | ▲ 0.3% |
| Cash at bank and in hand54/58 | €1,764 | €4,841 | €162 | €321 | €7 | - | - | €484 | - |
| Deferred charges and accrued income490/1 | - | - | - | €2 | €4,479 | €5,949 | €1,470 | - | - |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €89,221 | €90,023 | €94,942 | €95,397 | €178,688 | €154,126 | €135,162 | €135,169 | = |
| Equity10/15 | €60,568 | €52,981 | €53,454 | €60,499 | €102,447 | €100,210 | €99,776 | €97,927 | ▼ 1.9% |
| Contributions10/11 | €61,500 | €61,500 | €61,500 | €61,500 | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Capital10 | - | - | - | €61,500 | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Issued capital100 | - | - | - | €61,500 | €61,500 | €61,500 | €61,500 | €61,500 | = |
| Reserves13 | €3,099 | €3,099 | €3,099 | €3,099 | €40,947 | €40,947 | €40,947 | €40,947 | = |
| Non-distributable reserves130/1 | - | - | - | €3,099 | €6,150 | €6,150 | €6,150 | €6,150 | = |
| Legal reserve130 | - | - | - | €3,099 | €6,150 | €6,150 | €6,150 | €6,150 | = |
| Distributable reserves133 | - | - | - | - | €34,797 | €34,797 | €34,797 | €34,797 | = |
| Profit (loss) carried forward14 | -€4,031 | -€11,617 | -€11,145 | -€4,100 | - | -€2,237 | -€2,671 | -€4,521 | ▼ 69.2% |
| Amounts payable17/49 | €28,653 | €37,042 | €41,489 | €34,899 | €76,240 | €53,916 | €35,386 | €37,242 | ▲ 5.2% |
| Amounts payable within one year42/48 | €28,653 | €37,042 | €41,489 | €34,899 | €76,240 | €53,916 | €35,386 | €37,242 | ▲ 5.2% |
| Financial debts43 | - | - | - | - | - | €1,017 | €7 | - | - |
| Credit institutions430/8 | - | - | - | - | - | €1,017 | €7 | - | - |
| Trade debts44 | - | €2,813 | €7,260 | €6,670 | €28,554 | €5,213 | €1,250 | €3,113 | ▲ 149% |
| Suppliers440/4 | - | - | - | €6,670 | €28,554 | €5,213 | €1,250 | €3,113 | ▲ 149% |
| Taxes, remuneration and social security45 | - | - | - | - | €13,557 | €13,557 | - | - | - |
| Taxes450/3 | - | - | - | - | €13,557 | €13,557 | - | - | - |
| Other amounts payable47/48 | - | - | - | €28,229 | €34,129 | €34,129 | €34,129 | €34,129 | = |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€4,637 | -€7,587 | €472 | €7,045 | €41,949 | -€2,237 | -€434 | -€1,850 | ▼ 326% |
| + Depreciation and write-downs630 | €3,555 | €2,473 | €2,473 | €236 | - | - | - | - | - |
| Operating cash flow (approximation) | -€1,082 | -€5,114 | €2,945 | €7,281 | €41,949 | -€2,237 | -€434 | -€1,850 | ▼ 326% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €81,154 | €0 | - | - | - |
| Change in cash | - | €3,077 | -€4,679 | €160 | -€314 | - | - | - | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 34 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | full format | 31-08-2026 | 2026-00488377 | NBB |
| 31-12-2024 | abbreviated format | 27-06-2025 | 2025-00226310 | |
| 31-12-2023 | abbreviated format | 30-08-2024 | 2024-00437144 | |
| 31-12-2022 | abbreviated format | 13-10-2023 | 2023-00487710 | |
| 31-12-2021 | abbreviated format | 30-09-2022 | 2022-20453440 | |
| 31-12-2020 | abbreviated format | 02-07-2021 | 2021-29700161 | |
| 31-12-2019 | abbreviated format | 06-07-2020 | 2020-27300086 | |
| 31-12-2018 | abbreviated format | 11-06-2019 | 2019-17200457 | |
| 31-12-2017 | abbreviated format | 23-07-2018 | 2018-36700572 | |
| 31-12-2016 | abbreviated format | 23-06-2017 | 2017-21000192 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Board 2
Day-to-day management 1
Permanent representatives 1
Mandate history
- Board
- Day-to-day management
- began earlier
| Name | Functions and periods |
|---|---|
| BV Mipa Frost |
|
| Desander Miranda |
|
Owners and capital
Owners
1 ownerChain of control
- MIPA FROST
- STUDIO PASCAL LEBRUN
Owners 1
- MIPA FROSTparent100%
Group and network
Connections & network
2 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
07-07
Gazette deed
Reappointments: BV Mipa Frost (director) and Desander Miranda (director)Permanent representative: Braecke Pascal8 facts ▸
- General meeting, 06-06-2025
- Director reappointment, BV Mipa Frost (director)
- Director reappointment, Desander Miranda (director)
- Board meeting, “raad van bestuur” (deed in Dutch)
- Director reappointment, BV Mipa Frost (managing director)
- Director reappointment, BV Mipa Frost (chair of the board)
- Board meeting, 06-06-2025
- Permanent representative, Braecke Pascal
Show earlier events
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
Register details
Who it is
KBO recordWhere it is based
What it does
NACEBEL 2025Invoicing and payment
Financial year and general meeting
Accounts at the NBBScores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders.
Sites & property
1 establishment unit
Buildings and parcels at the address
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 37010F0215/00C002 | Flanders | 1,240 m² | 1 · 240 m² | 7.2 m · 1 |