studio – paus

Active

Private limited companyfounded 20215 yrs activeVijvermeerspark 27, 9000 Gent, BelgiumKBO/BCE: BE 0766.419.269

The computed 12-month bankruptcy probability of studio – paus is 2.3% (moderate). The 2025 annual accounts show equity of €17k and a net result of €28k. Equity is growing by ~7% per year across the filed fiscal years. Its solvency ranks better than 29% of 18173 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2025

57 / 100

Fair

The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2024

Profitability88▼-6

Solvency35▼-14

Growth58▼-20

Track record94

Bankruptcy probability, 12 months

2.3% Moderate

0%0.5%1.5%4%10%≥ 25%

Credit up to €500 at 30 days acceptable

Liquidity ample (current ratio 2.14 against 2.21 in 2024; short-term debt: 42.9% and cash: 18.7% of total assets), but 90.4% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

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

−lowers risk+raises risk○neutral

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

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 47

Relative position

BE, all sectors

reference

Sector 47

higher

← fewer bankruptcies more bankruptcies →

Multiple establishment units

Several establishment units mean more fixed costs, and such companies fail more often than a company with one establishment.

KBO · establishment units

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

9.6%

Return on assets

15.2%

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 30-04-2026, 0 days ahead of the deadline.

NBB · 4 filings

Deviation from the deadline

2025

on the day

2024

60 d late

2023

31 d late

2022

2 d early

← before the deadline after the deadline →

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.

Companies Code · seven months

Position in the running window

19-09-2026 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

Financials · fiscal year 2025, micro schema

Equity

€17k▼ 45.3%

2024 · €32k

2022: €19k 2023: €28k 2024: €32k

2022 → 2025

Total assets

€182k▲ 36.1%

2024 · €133k

2022: €111k 2023: €111k 2024: €133k

2022 → 2025

Net result

€28k▲ 1.3%

2024 · €27k

2022: €17k 2023: €13k 2024: €27k

2022 → 2025

Working capital

€89k▲ 49.9%

2024 · €59k

2022: €7k 2023: €23k 2024: €59k

2022 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line2022202320242025Trend

Equity€19k-€28k▲ 49.7%€32k▲ 13.3%€17k▼ 45.3%

Operating result€23k-€18k▼ 21.8%€37k▲ 109%€37k▲ 0.1%

Net result€17k-€13k▼ 28.0%€27k▲ 116%€28k▲ 1.3%

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

Result per fiscal year

Operating resultNet result

After the dip in 2023 the operating result has climbed two years in a row; 2025 is 0% above 2024 and is the highest result in the available series.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €182k

91.7%

Fixed assets €15k▼ 40.7%

Current assets €166k▲ 54.1%

Equity and liabilities €182k

10%

90.4%

Equity €17k▼ 45.3%

Debt €164k▲ 61.8%

The debt ratio rises from 76.0% to 90.4%. Equity is lower and debt is higher.

Key figures and ratios

2025 value · change against 2024

EBITDA

€48k▼

2024 · €49k

Cash flow

€38k▼

2024 · €39k

Solvency

9.6%▼

2024 · 24.0%

Current ratio

2.14▼

2024 · 2.21

Quick ratio

0.62▲

2024 · 0.47

Debt / equity

9.37▲

2024 · 3.17

ROE

157.2%▲

2024 · 84.9%

ROA

15.2%▼

2024 · 20.4%

Interest coverage

39.01▼

2024 · 51.23

Debt

€164k▲

2024 · €101k

Debt ≤ 1 year

€78k▲

2024 · €49k

Debt > 1 year

€45k=

2024 · €45k

Income taxes

€9k▼

2024 · €9k

Staff costs

€47k▲

2024 · €26k

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€133k€182k▲

Fixed assets21/28€25k€15k▼

Intangible fixed assets21€1k€554▼

Tangible fixed assets22/27€17k€7k▼

Plant, machinery and equipment23€4k€645▼

Furniture and vehicles24€13k€7k▼

Financial fixed assets28€7k€7k=

Current assets29/58€108k€166k▲

Stocks and contracts in progress3€85k€118k▲

Stocks30/36€85k€118k▲

Amounts receivable within one year40/41€105€14k▲

Trade receivables40€80€11k▲

Other amounts receivable41€25€3k▲

Cash at bank and in hand54/58€23k€34k▲

Deferred charges and accrued income490/1-€520

Equity and liabilities

Total equity and liabilities10/49€133k€182k▲

Equity10/15€32k€17k▼

Contributions10/11€3k€3k=

Profit (loss) carried forward14€29k€14k▼

Amounts payable17/49€101k€164k▲

Amounts payable after more than one year17€45k€45k=

Financial debts170/4€45k€45k=

Amounts payable within one year42/48€49k€78k▲

Current portion of amounts payable after more than one year42€3k-

Financial debts43-€4k

Credit institutions430/8-€4k

Trade debts44€10k-

Suppliers440/4€10k-

Taxes, remuneration and social security45€29k€24k▼

Taxes450/3€22k€19k▼

Remuneration and social security454/9€7k€5k▼

Other amounts payable47/48€7k€50k▲

Accrued charges and deferred income492/3€8k€41k▲

Income statement Code20242025

Remuneration, social security and pensions62€26k€47k▲

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12k€10k▼

Other operating charges640/8€911€4k▲

Gross operating margin9900€76k€99k▲

Operating profit (loss)9901€37k€37k▲

Financial income75/76B-€118

Recurring financial income75-€118

Financial charges65/66B€956€1k▲

Recurring financial charges65€956€1k▲

Profit (loss) for the period before taxes9903€36k€36k▼

Income taxes67/77€9k€9k▼

Profit (loss) for the period9904€27k€28k▲

Profit (loss) for the period to be appropriated9905€27k€28k▲

Appropriation of the result

Profit (loss) to be appropriated9906€52k€56k▲

Profit (loss) brought forward from the previous period14P€25k€29k▲

Profit to be distributed694/7€23k€42k▲

Return on contributions (dividend)694€23k€42k▲

The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 6Financial 2Filings 4

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

2026

30-04

NBB filing Annual accounts filed

fiscal year 2025 · micro schema

2025

30-09

Financial Highest result since 2022net €28k ▲1.3%

Operating result €37k, net result €28k, both a record.

29-06

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 60 days late

2024

31-05

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 31 days late

2023

30-09

Financial Weakest financial yearnet €13k ▼28%

Net result drops to €13k, the lowest in the series; recovery starts the following year.

28-04

NBB filing Annual accounts filed

fiscal year 2022 · micro schema

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

1 act for this company is 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, Gent · 2 establishment units since 2021

establishment All 2 establishment units on the map

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.

Vijvermeerspark 279000 Gent

Ground area

1,042 m²

Building footprint

437 m²

Volume, LiDAR

5,148 m³

2 parcels, Flanders · tallest building 17.8 m, ±5 floors. Linked by address, not a title deed.

2 establishment units

studio – paus

Vijvermeerspark 27, 9000 GentRetail trade

since 20212.316.426.316

studio paus

Zuidstationstraat 3, 9000 GentRetail trade

since 20232.344.203.552

2 parcels

Flanders 2 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
44804D2001/00F000 ProtectedTownscape or village viewParochiekerk Sint-Anna met omgevingSource ↗	Flanders	735 m²	1 · 339 m²	17.8 m · 5 fl.
44062A0154/00Y002	Flanders	307 m²	1 · 98 m²	10.3 m · 3 fl.