Studio Penelope
ActiveStudio Penelope has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (€-121k) and a net result of €-26k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 5% of 11614 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
31
/ 100
Weak
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0=
Solvency0=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.09 against 0.29 in 2023; short-term debt: 233.4% and cash: 4.3% of total assets), and equity is negative.
Credit advice 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 · 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
Sector 71
lower
← fewer bankruptcies
more bankruptcies →
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 2024Solvency, return and age of the figures
Solvency
-181.1%
Return on assets
-39.1%
Age of the figures
21 mo
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 · Negative equity
The 2024 annual accounts show negative equity and a net loss.
NBB · annual accounts 2024Equity per financial year
18192021222324
2018 to 2024 · latest year €-121k
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-08-2025, 30 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
not confirmed
2024
30 d late
2023
1 d late
2022
80 d late
2021
46 d late
2020
33 d early
2019
63 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€-121k▼ 27.6%
2023 · €-95k
2018: €63k
2019: €59k
2020: €45k
2021: €49k
2022: €42k
2023: €-95k
2018 → 2024
Total assets
€67k▲ 13.2%
2023 · €59k
2018: €174k
2019: €159k
2020: €141k
2021: €172k
2022: €174k
2023: €59k
2018 → 2024
Net result
€-26k▲ 80.7%
2023 · €-135k
2018: €-15k
2019: €-5k
2020: €-14k
2021: €4k
2022: €-7k
2023: €-135k
2018 → 2024
Working capital
€-142k▼ 30.7%
2023 · €-109k
2018: €58k
2019: €37k
2020: €21k
2021: €26k
2022: €21k
2023: €-109k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€45k-€49k▲ 10.0%€42k▼ 14.5%€-95k€-121k▼ 27.6%
Operating result€-11k-€9k€6k▼ 26.9%€-133k€-28k▲ 79.1%
Net result€-14k-€4k€-7k€-135k▼ 1,791%€-26k▲ 80.7%
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 €28k in 2024 against €133k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €67k
Fixed assets
€53k▲ 280%
Current assets
€14k▼ 69.7%
Key figures and ratios
EBITDA
€-25k▲
2023 · €-131k
Cash flow
€-23k▲
2023 · €-133k
Solvency
-181.1%▼
2023 · -160.7%
Current ratio
0.09▼
2023 · 0.29
Quick ratio
0.09▼
2023 · 0.29
Debt / equity
-1.55▲
2023 · -1.62
ROA
-39.1%▲
2023 · -229.1%
Interest coverage
-18.17▲
2023 · -55.08
Debt
€188k▲
2023 · €154k
Debt ≤ 1 year
€156k▲
2023 · €154k
Debt > 1 year
€32k▲
2023 · €0
Income taxes
€-149▼
2023 · €149
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 · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€59k€67k▲
Fixed assets21/28€14k€53k▲
Intangible fixed assets21-€0
Tangible fixed assets22/27€13k€52k▲
Land and buildings22€0-
Plant, machinery and equipment23€2k€2k▼
Furniture and vehicles24€7k€6k▼
Other tangible fixed assets26€3k€45k▲
Financial fixed assets28€1k€1k=
Current assets29/58€45k€14k▼
Amounts receivable after more than one year29€0-
Other amounts receivable291€0-
Amounts receivable within one year40/41€20k€9k▼
Trade receivables40€10k€6k▼
Other amounts receivable41€9k€3k▼
Cash at bank and in hand54/58€2k€3k▲
Deferred charges and accrued income490/1€23k€2k▼
Equity and liabilities
Total equity and liabilities10/49€59k€67k▲
Equity10/15€-95k€-121k▼
Contributions10/11€19k€19k=
Reserves13€42k€42k=
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€42k€42k=
Profit (loss) carried forward14€-155k€-181k▼
Amounts payable17/49€154k€188k▲
Amounts payable after more than one year17€0€32k▲
Financial debts170/4€0€32k▲
Amounts payable within one year42/48€154k€156k▲
Current portion of amounts payable after more than one year42€0€12k▲
Financial debts43€0-
Credit institutions430/8€0-
Trade debts44€15k€3k▼
Suppliers440/4€15k€3k▼
Advances received on contracts in progress46€34k-
Taxes, remuneration and social security45€7k-
Taxes450/3€7k-
Other amounts payable47/48€98k€140k▲
Accrued charges and deferred income492/3€0-
Income statement
Code20232024
Non-recurring operating income76A-€11k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€3k▲
Other operating charges640/8€1k€2k▲
Non-recurring operating charges66A€51k€3k▼
Gross operating margin9900€-79k€-20k▲
Operating profit (loss)9901€-133k€-28k▲
Financial income75/76B€265€3k▲
Recurring financial income75€265€3k▲
Financial charges65/66B€2k€1k▼
Recurring financial charges65€2k€1k▼
Profit (loss) for the period before taxes9903€-135k€-26k▲
Income taxes67/77€149€-149▼
Profit (loss) for the period9904€-135k€-26k▲
Transfer from tax-exempt reserves789€0-
Profit (loss) for the period to be appropriated9905€-135k€-26k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-155k€-181k▼
Profit (loss) brought forward from the previous period14P€-20k€-155k▼
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
30-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 30 days late
2024
01-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 1 day late
2023
31-12
Financial
Weakest financial yearnet €-135k
Net result drops to €-135k, the lowest in the series; recovery starts the following year.
19-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 80 days late
2022
15-09
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 46 days late
2021
31-12
Financial
Back to profitnet €4k
Net result €4k after 3 loss-making years.
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
02-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 63 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
25-04
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 268 days late
2017
03-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 3 days late
2016
27-07
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
8 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.
Frankrijklei 1172000 AntwerpenGround area
1,314 m²
Building footprint
445 m²
Volume, LiDAR
10,841 m³
Parcel 11808H1206/00B007, Flanders · tallest building 31.7 m, ±9 floors. Linked by address, not a title deed.
1 establishment unit
Studio Penelope
since 19992.092.790.341
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11808H1206/00B007 | Flanders | 1,314 m² | 1 · 445 m² | 31.7 m · 9 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.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Public money · subsidies and aid
Flemish government
2023 · 1 entry · 3,450 EUR awarded · 3,450 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2023 | 1 | 3,450 EUR | 3,450 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 3,920 companies in sector 71112 we hold annual accounts for 1,295. 1,067 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded28-07-1999
Fiscal year end31-12
Activities, NACEBEL
71112Activities of interior architects
55100Hotels and similar accommodation
55203Holiday cottages, homes and apartments
Sources
Crossroads Bank for EnterprisesNational Bank · 25 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:info@studiopenelope.com
Phone:03/248.70.11