STUDIO PERSPECTIEF
ActiveSummary
STUDIO PERSPECTIEF has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €62,419 and a net result of €5,137. Equity is shrinking by ~16.1% per year and would, assuming unchanged policy, indicatively turn negative around fiscal year 2028. Its solvency ranks better than 52% of 2071 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability74▲+4
Solvency72▲+8
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,500 at 30 days acceptable
Liquidity tight (current ratio 1.06 against 0.81 in 2024; short-term debt: 53.4% and cash: 24.1% of total assets), and 53.4% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 85
Relative position
BE, all sectors
reference
Education (NACE 85)
about 77% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
46.6%
Return on assets
3.8%
Age of the figures
9 mo
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year €62,419
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 26-03-2026, 127 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
127 d early
2024
49 d early
2023
42 d early
2022
48 d early
2021
25 d early
2020
31 d early
2019
49 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 53 days before the deadline; the sector median for financial year 2024 is 16 days before the deadline, and 32% of the sector filed late.
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. Usually files around 13 June (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€62,419▲ 9.0%
2024 · €57,282
Total assets
€134,049▼ 8.3%
2024 · €146,236
Net result
€5,137▲ 167%
2024 · €1,927
Working capital
€4,082
2024 · -€16,766
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 85, Education, 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-€22,090▼ 570%€7,366€12,933▲ 75.6%€9,637▼ 25.5%€12,094▲ 25.5%
Net result-€22,331below the sector's middle half▼ 151%€7,144within the sector's middle half€8,521within the sector's middle half▲ 19.3%€1,927within the sector's middle half▼ 77.4%€5,137within the sector's middle half▲ 167%
Equity€126,473above the sector's middle half▼ 15.0%€93,617within the sector's middle half▼ 26.0%€55,355within the sector's middle half▼ 40.9%€57,282within the sector's middle half▲ 3.5%€62,419within the sector's middle half▲ 9.0%
Total assets€146,198within the sector's middle half▼ 18.0%€134,251within the sector's middle half▼ 8.2%€143,304within the sector's middle half▲ 6.7%€146,236within the sector's middle half▲ 2.0%€134,049within the sector's middle half▼ 8.3%
Debt€19,725▼ 33.2%€40,634▲ 106%€87,949▲ 116%€88,954▲ 1.1%€71,630▼ 19.5%
Working capital€64,300within the sector's middle half▼ 11.2%€56,713within the sector's middle half▼ 11.8%-€43,657below the sector's middle half-€16,766below the sector's middle half▲ 61.6%€4,082within the sector's middle half
Solvency86.5%above the sector's middle half▲ 3.1pp69.7%within the sector's middle half▼ 16.8pp38.6%within the sector's middle half▼ 31.1pp39.2%within the sector's middle half▲ 0.5pp46.6%within the sector's middle half▲ 7.4pp
Current ratio4.43above the sector's middle half▲ 0.982.40within the sector's middle half▼ 2.040.50below the sector's middle half▼ 1.900.81below the sector's middle half▲ 0.311.06within the sector's middle half▲ 0.25
Return on assets (ROA)-15.3%below the sector's middle half▼ 10.3pp5.3%within the sector's middle half▲ 20.6pp5.9%within the sector's middle half▲ 0.6pp1.3%within the sector's middle half▼ 4.6pp3.8%within the sector's middle half▲ 2.5pp
above
within
below
the middle half (P25 to P75) of NACE 85, Education, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 25% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €134,049
Fixed assets
€58,337 ▼ 22.9%
Current assets
€75,712 ▲ 7.3%
Equity and liabilities €134,049
Equity
€62,419 ▲ 9.0%
Debt
€71,630 ▼ 19.5%
Debt's share of the balance-sheet total falls from 60.8% to 53.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€33,899▼
2024 · €38,479
Cash flow
€26,942▼
2024 · €30,769
Debt to equity
1.15▼
2024 · 1.55
ROE
8.2%▲
2024 · 3.4%
Interest coverage
7.55▲
2024 · 6.37
Debt ≤ 1 year
€71,630▼
2024 · €87,352
Income taxes
€2,790▲
2024 · €1,913
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,027 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 94% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
0.5%
went bankrupt
4.9%
stopped otherwise
94%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.1% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 17,027 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.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €2,639 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13,250 | €11,494 | €17,631 | €28,842 | €21,805 | ▼ 24.4% |
| Other operating charges640/8 | €1,414 | €1,892 | €1,598 | €2,014 | €1,780 | ▼ 11.6% |
| Non-recurring operating charges66A | - | €3,795 | - | - | - | - |
| Gross operating margin9900 | -€7,426 | €24,547 | €32,162 | €40,493 | €35,679 | ▼ 11.9% |
| Operating profit (loss)9901 | -€22,090 | €7,366 | €12,933 | €9,637 | €12,094 | ▲ 25.5% |
| Financial income75/76B | - | €16 | €132 | €244 | €324 | ▲ 32.8% |
| Recurring financial income75 | - | €16 | €132 | €244 | €324 | ▲ 32.8% |
| Financial charges65/66B | €241 | €211 | €1,806 | €6,041 | €4,491 | ▼ 25.7% |
| Recurring financial charges65 | €241 | €211 | €1,806 | €6,041 | €4,491 | ▼ 25.7% |
| Profit (loss) for the period before taxes9903 | -€22,331 | €7,171 | €11,259 | €3,840 | €7,927 | ▲ 106% |
| Income taxes67/77 | - | €27 | €2,738 | €1,913 | €2,790 | ▲ 45.8% |
| Profit (loss) for the period9904 | -€22,331 | €7,144 | €8,521 | €1,927 | €5,137 | ▲ 167% |
| Profit (loss) for the period to be appropriated9905 | -€22,331 | €7,144 | €8,521 | €1,927 | €5,137 | ▲ 167% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €146,198 | €134,251 | €143,304 | €146,236 | €134,049 | ▼ 8.3% |
| Fixed assets21/28 | €63,166 | €36,904 | €99,812 | €75,650 | €58,337 | ▼ 22.9% |
| Tangible fixed assets22/27 | €63,166 | €36,904 | €99,812 | €75,650 | €58,337 | ▼ 22.9% |
| Plant, machinery and equipment23 | - | - | - | - | €1,896 | - |
| Furniture and vehicles24 | €63,166 | €36,904 | €99,812 | €75,650 | €56,441 | ▼ 25.4% |
| Current assets29/58 | €83,032 | €97,347 | €43,492 | €70,586 | €75,712 | ▲ 7.3% |
| Amounts receivable within one year40/41 | €4,043 | €12,584 | €16,055 | €13,274 | €12,016 | ▼ 9.5% |
| Trade receivables40 | €294 | €12,584 | €12,655 | €11,613 | €5,670 | ▼ 51.2% |
| Other amounts receivable41 | €3,749 | - | €3,400 | €1,661 | €6,346 | ▲ 282% |
| Current investments50/53 | €42,819 | €27,768 | €12,855 | €36,026 | €31,239 | ▼ 13.3% |
| Cash at bank and in hand54/58 | €36,033 | €53,114 | €14,412 | €21,166 | €32,265 | ▲ 52.4% |
| Deferred charges and accrued income490/1 | €137 | €3,881 | €170 | €120 | €192 | ▲ 60.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €146,198 | €134,251 | €143,304 | €146,236 | €134,049 | ▼ 8.3% |
| Equity10/15 | €126,473 | €93,617 | €55,355 | €57,282 | €62,419 | ▲ 9.0% |
| Contributions10/11 | €59,183 | €59,183 | €12,400 | €12,400 | €12,400 | = |
| Outside capital11 | €59,183 | - | - | - | - | - |
| Other1109/19 | €59,183 | - | - | - | - | - |
| Reserves13 | €89,621 | €49,621 | €49,621 | €49,621 | €49,621 | = |
| Non-distributable reserves130/1 | €6,538 | €6,538 | - | - | - | - |
| Reserves not available under the articles1311 | €6,538 | €6,538 | - | - | - | - |
| Distributable reserves133 | €83,083 | €43,083 | €49,621 | €49,621 | €49,621 | = |
| Profit (loss) carried forward14 | -€22,331 | -€15,187 | -€6,666 | -€4,739 | €398 | ▲ 108% |
| Amounts payable17/49 | €19,725 | €40,634 | €87,949 | €88,954 | €71,630 | ▼ 19.5% |
| Amounts payable within one year42/48 | €18,732 | €40,634 | €87,149 | €87,352 | €71,630 | ▼ 18.0% |
| Trade debts44 | - | €4,934 | €5,064 | €6,489 | €3,541 | ▼ 45.4% |
| Suppliers440/4 | - | €4,934 | €5,064 | €6,489 | €3,541 | ▼ 45.4% |
| Taxes, remuneration and social security45 | - | €8,874 | €5,233 | €14,146 | €3,647 | ▼ 74.2% |
| Taxes450/3 | - | €8,874 | €3,233 | €9,046 | €3,449 | ▼ 61.9% |
| Remuneration and social security454/9 | - | - | €2,000 | €5,100 | €198 | ▼ 96.1% |
| Other amounts payable47/48 | €18,732 | €26,826 | €76,852 | €66,717 | €64,442 | ▼ 3.4% |
| Accrued charges and deferred income492/3 | €993 | - | €800 | €1,602 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€22,331 | €7,144 | €8,521 | €1,927 | €5,137 | ▲ 167% |
| + Depreciation and write-downs630 | €13,250 | €11,494 | €17,631 | €28,842 | €21,805 | ▼ 24.4% |
| Operating cash flow (approximation) | -€9,081 | €18,638 | €26,152 | €30,769 | €26,942 | ▼ 12.4% |
| Investment in fixed assets (approximation) | - | €14,768 | -€80,539 | -€4,680 | -€4,492 | ▲ 4.0% |
| Change in cash | - | €17,081 | -€38,702 | €6,754 | €11,099 | ▲ 64.3% |
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
26-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
12-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
19-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2018net €8,521 ▲19.3%
Operating result €12,933, net result €8,521, both a record.
13-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Back to profitnet €7,144
Net result €7,144 after 3 loss-making years.
06-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet -€22,331
Net result drops to -€22,331, the lowest in the series; recovery starts the following year.
30-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
12-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
21-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
25-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
20-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 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, Sint-Gillis-Waas · 1 establishment unit since 2006
Ground area
779 m²
Building footprint
160 m²
Volume, LiDAR
651 m³
Parcel 46022A0855/00K000, Flanders · tallest building 15.1 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
STUDIO PERSPECTIEF
since 20062.151.066.060
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 46022A0855/00K000 | Flanders | 779 m² | 1 · 160 m² | 15.1 m · 1 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.
Public money · subsidies and aid
Flemish government
2024 · 1 entry · 60 EUR awarded · 60 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 60 EUR | 60 EUR |
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BE GRAND
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Of 11,672 companies in sector 85599 we hold annual accounts for 1,330. 1,030 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
Founded05-12-2005
Fiscal year end31-12
Activities, NACEBEL 2025
85599Other education
43350Other building finishing work
46150Agents in the wholesale of furniture, household goods and hardware
74120Graphic design and visual communication
74201Photography, excluding press photography
78100Employment placement agencies
81300Landscape service activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0877697174
Also
9925:BE0877697174
Registered
30-01-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.