Studio Pex

Active

Private limited companyfounded 20233 yrs activeArmand Verheydenstraat 31, 3053 Oud-Heverlee, BelgiumKBO/BCE: BE 0802.452.987

Studio Pex has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (€-3k) and a net result of €2k. Equity is shrinking by ~82.7% per year across the filed fiscal years. Its solvency ranks better than 6% of 3478 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.2% (low).

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Checked score

Score 2025

48 / 100

Fair

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

Axes · tick = 2024

Profitability67▲+67

Solvency0=

Growth32=

Track record94

Bankruptcy probability, 12 months

1.2% Low

0%0.5%1.5%4%10%≥ 25%

No credit on open account

balance sheet total too small for a liquidity verdict, and equity is negative.

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

Lower-failure-rate sector

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

Gazette · bankruptcies per sector, NACE 74

Relative position

BE, all sectors

reference

Sector 74

lower

← fewer bankruptcies more bankruptcies →

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 2025

Age of the figures

9 mo

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 6% of 3478 sector peers (2025).

NBB · sector comparison

Position among 3478 sector peers

Solvency

better than 6%

← weakest strongest →

Latest accounts filed on time

The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-03-2026, 123 days ahead of the deadline.

NBB · 3 filings

Deviation from the deadline

2025

123 d early

2024

149 d early

2023

56 d early

← before the deadline after the deadline →

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 months

Position in the running window

22-09-2026 today31-12-2026 close31-07-2027 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

€-3k▲ 37.6%

2024 · €-5k

2023: €5k 2024: €-5k

2023 → 2025

Total assets

€3k▼ 21.8%

2024 · €4k

2023: €16k 2024: €4k

2023 → 2025

Net result

€2k

2024 · €-9k

2023: €2k 2024: €-9k

2023 → 2025

Working capital

€-3k▲ 39.1%

2024 · €-5k

2023: €4k 2024: €-5k

2023 → 2025

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line202320242025Trend

Equity€5k-€-5k€-3k▲ 37.6%

Operating result€3k-€-7k€4k

Net result€2k-€-9k€2k

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

Result per fiscal year

Operating resultNet result

The operating result returns to profit in 2025: €4k after a loss of €7k in 2024, the highest result in the available series.

Balance-sheet composition

2025 in colour, 2024 as the grey bar beneath

Assets €3k

10%

89.9%

Fixed assets €298▼ 50.8%

Current assets €3k▼ 16.2%

Key figures and ratios

2025 value · change against 2024

EBITDA

€4k▲

2024 · €-7k

Cash flow

€2k▲

2024 · €-9k

Interest coverage

2.08▲

2024 · -2.72

Debt

€6k▼

2024 · €9k

Debt ≤ 1 year

€6k▼

2024 · €9k

Income taxes

€140▼

2024 · €151

Ratios withheld: a balance sheet total of €3k is too small for a meaningful ratio.

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€4k€3k▼

Fixed assets21/28€606€298▼

Tangible fixed assets22/27€606€298▼

Plant, machinery and equipment23€606€298▼

Current assets29/58€3k€3k▼

Amounts receivable within one year40/41-€729

Trade receivables40-€720

Other amounts receivable41-€9

Cash at bank and in hand54/58€2k€1k▼

Deferred charges and accrued income490/1€2k€500▼

Equity and liabilities

Total equity and liabilities10/49€4k€3k▼

Equity10/15€-5k€-3k▲

Contributions10/11€3k€3k=

Reserves13€2k€2k=

Distributable reserves133€2k€2k=

Profit (loss) carried forward14€-9k€-8k▲

Amounts payable17/49€9k€6k▼

Amounts payable within one year42/48€9k€6k▼

Trade debts44€2k€521▼

Suppliers440/4€2k€521▼

Taxes, remuneration and social security45€4k€2k▼

Taxes450/3€2k€2k▼

Remuneration and social security454/9€2k-

Other amounts payable47/48€2k€4k▲

Income statement Code20242025

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€308€308=

Other operating charges640/8€261€1k▲

Gross operating margin9900€-6k€6k▲

Operating profit (loss)9901€-7k€4k▲

Financial charges65/66B€2k€2k▼

Recurring financial charges65€2k€2k▼

Profit (loss) for the period before taxes9903€-9k€2k▲

Income taxes67/77€151€140▼

Profit (loss) for the period9904€-9k€2k▲

Profit (loss) for the period to be appropriated9905€-9k€2k▲

Appropriation of the result

Profit (loss) to be appropriated9906€-9k€-8k▲

Profit (loss) brought forward from the previous period14P-€-9k

The notes to these accounts (4 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 5Financial 2Filings 3

Next filing, fiscal year 2026, expected by 31-07-2027

2026

30-03

NBB filing Annual accounts filed

fiscal year 2025 · micro schema

2025

31-12

Financial Back to profitnet €2k

Net result €2k after one loss-making year.

04-03

NBB filing Annual accounts filed

fiscal year 2024 · micro schema

2024

31-12

Financial Weakest financial yearnet €-9k ▼551%

Net result drops to €-9k, the lowest in the series; recovery starts the following year.

05-06

NBB filing Annual accounts filed

fiscal year 2023 · micro schema

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

Directors · office · real estate

Directors

We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.

Location & real-estate footprint

Registered office, Oud-Heverlee · 1 establishment unit since 2023

establishment The establishment unit 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.

Armand Verheydenstraat 313053 Oud-Heverlee

Ground area

1,558 m²

Building footprint

275 m²

Volume, LiDAR

1,660 m³