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STUDIO PHOTON

Active
Private limited company (pre-2019)founded 199629 yrs activeBrabantsebaan 382, 1600 Sint-Pieters-Leeuw, BelgiumKBO/BCE: BE 0459.024.883
Summary

STUDIO PHOTON has been active since 1996 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €26,218 and a net result of -€1,201. Equity remains stable across the filed fiscal years (±0.5% per year). The computed 12-month bankruptcy probability is 0.9% (low).

Checked score

Score 2025
Axes · tick = 2024
Profitability30▼-19
Solvency94▼-3
Growth32▼-46
Track record100
Bankruptcy probability, 12 months
0.9% Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1,500 at 30 days acceptable
Liquidity ample (current ratio 3.26 against 3.53 in 2024; short-term debt: 30.7% of total assets), and 30.7% of the assets are financed with debt.
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Signals

Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · No NACE activity registered
No NACE activity is registered in the KBO, which is more common among companies that later fail.
KBO · activities
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation date
Age against the risk zone
highest failure risk from 2 to 8 years 29 years 0 30 y
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 2025
Solvency, return and age of the figures
Solvency
69.3%
Return on assets
-3.2%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 23-09-2026, 54 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 filings
Deviation from the deadline
2025
54 d late
2024
39 d late
2023
51 d early
2022
32 d late
2021
30 d early
2020
165 d late
2017
29 d late
← before the deadline after the deadline →
tick = median of all Belgian filings

This company filed its last 7 accounts on average 34 days after the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were 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.
Companies Code · seven months
Position in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
neutral · 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

History

STUDIO PHOTON was incorporated on 17 October 1996.1 Total assets went from EUR 37,402 in 2020 to EUR 37,824 in 2025.2

  1. 1Crossroads Bank for Enterprises
  2. 2National Bank, annual accounts 2020 and 2025

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Financials · fiscal year 2025, micro schema

Equity
€26,218▼ 4.4%
2024 · €27,419
Total assets
€37,824▼ 1.1%
2024 · €38,235
Net result
-€1,201
2024 · €1,718
Working capital
€26,218▼ 4.4%
2024 · €27,419
Trend over the years

Click a name to add, emphasise or remove a line.

Every figure with its change against the fiscal year before
favourable unfavourable
Line20212022202320242025
Operating result-€348-€1,851▼ 433%-€1,112▲ 39.9%€560-€2,052
Net result€211-€1,347€143€1,718▲ 1,099%-€1,201
Equity€26,905▲ 0.8%€25,558▼ 5.0%€25,701▲ 0.6%€27,419▲ 6.7%€26,218▼ 4.4%
Total assets€31,247▼ 16.5%€31,073▼ 0.6%€37,521▲ 20.8%€38,235▲ 1.9%€37,824▼ 1.1%
Debt€4,342▼ 59.4%€5,515▲ 27.0%€11,820▲ 114%€10,817▼ 8.5%€11,606▲ 7.3%
Working capital€26,905▲ 0.8%€25,558▼ 5.0%€25,701▲ 0.6%€27,419▲ 6.7%€26,218▼ 4.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
-€3,000-€2,000-€1,000€0€1,000€2,000Operating result 2021: -€348-€348Net result 2021: €211€211Operating result 2022: -€1,851-€1,851Net result 2022: -€1,347-€1,347Operating result 2023: -€1,112-€1,112Net result 2023: €143€143Operating result 2024: €560€560Net result 2024: €1,718€1,718Operating result 2025: -€2,052-€2,052Net result 2025: -€1,201-€1,20120212022202320242025-€3,000-€2,000-€1,000€0€1,000€2,000Operating result 2023: -€1,112-€1,110Net result 2023: €143€143Operating result 2024: €560€560Net result 2024: €1,718€1,720Operating result 2025: -€2,052-€2,050Net result 2025: -€1,201-€1,200202320242025
The operating result turns negative in 2025: a loss of €2,052 after €560 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €37,824
Equity €26,218 ▼ 4.4%
Debt €11,606 ▲ 7.3%
Debt's share of the balance-sheet total rises from 28.3% to 30.7%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
Current ratio
3.26▼
2024 · 3.53
Debt to equity
0.44▲
2024 · 0.39
ROE
-4.6%▼
2024 · 6.3%
ROA
-3.2%▼
2024 · 4.5%
Debt ≤ 1 year
€11,606▲
2024 · €10,817
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 12,304 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 90% are still going.

  • Micro
  • 20 years or older
  • solvency 30% or more
  • a small loss
0.6% went bankrupt
8.6% stopped otherwise
90% still going

A further 0.6% stopped, but we cannot tell whether within those 24 months.

For this company itself Checked computes a higher bankruptcy probability: 0.9% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.

How reliable is this rule?

Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.

The companies in ten equal groups, from lowest to highest expected share.
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% 1.6%
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 74% 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 12,304 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
Filed annual accounts As filed with the NBB · 2025 against 2024 · 31 lines
Balance sheet Code20242025
Assets
Total assets20/58€38,235€37,824▼
Current assets29/58€38,235€37,824▼
Amounts receivable within one year40/41€38,235€37,824▼
Other amounts receivable41€38,235€37,824▼
Equity and liabilities
Total equity and liabilities10/49€38,235€37,824▼
Equity10/15€27,419€26,218▼
Contributions10/11€12,400€12,400=
Reserves13€15,304€15,304=
Non-distributable reserves130/1€1,859€1,859=
Reserves not available under the articles1311€1,859€1,859=
Distributable reserves133€13,445€13,445=
Profit (loss) carried forward14-€285-€1,486▼
Amounts payable17/49€10,817€11,606▲
Amounts payable within one year42/48€10,817€11,606▲
Financial debts43€6,249€6,218▼
Credit institutions430/8€6,249€6,218▼
Trade debts44€4,055€4,905▲
Suppliers440/4€4,055€4,905▲
Other amounts payable47/48€513€483▼
Income statement Code20242025
Other operating charges640/8€6€797▲
Gross operating margin9900€565-€1,255▼
Operating profit (loss)9901€560-€2,052▼
Financial income75/76B€2,099€2,061▼
Recurring financial income75€2,099€2,061▼
Financial charges65/66B€941€1,209▲
Recurring financial charges65€941€1,209▲
Profit (loss) for the period before taxes9903€1,718-€1,201▼
Profit (loss) for the period9904€1,718-€1,201▼
Profit (loss) for the period to be appropriated9905€1,718-€1,201▼
Appropriation of the result
Profit (loss) to be appropriated9906-€285-€1,486▼
Profit (loss) brought forward from the previous period14P-€2,003-€285▲

The notes to these accounts (1 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Other operating charges640/8-€348€390€6€797▲ 13,616%
Gross operating margin9900-€348-€1,503-€722€565-€1,255▼ 322%
Operating profit (loss)9901-€348-€1,851-€1,112€560-€2,052▼ 467%
Financial income75/76B€1,034€919€1,874€2,099€2,061▼ 1.8%
Recurring financial income75€1,034€919€1,874€2,099€2,061▼ 1.8%
Financial charges65/66B€437€415€619€941€1,209▲ 28.5%
Recurring financial charges65€437€415€619€941€1,209▲ 28.5%
Profit (loss) for the period before taxes9903€249-€1,347€143€1,718-€1,201▼ 170%
Income taxes67/77€39-----
Profit (loss) for the period9904€211-€1,347€143€1,718-€1,201▼ 170%
Transfer from tax-exempt reserves789€241-----
Profit (loss) for the period to be appropriated9905€452-€1,347€143€1,718-€1,201▼ 170%
Line20212022202320242025Change
Assets
Total assets20/58€31,247€31,073€37,521€38,235€37,824▼ 1.1%
Current assets29/58€31,247€31,073€37,521€38,235€37,824▼ 1.1%
Amounts receivable within one year40/41€31,193€30,997€37,521€38,235€37,824▼ 1.1%
Other amounts receivable41€31,193€30,997€37,521€38,235€37,824▼ 1.1%
Cash at bank and in hand54/58€54€76----
Equity and liabilities
Total equity and liabilities10/49€31,247€31,073€37,521€38,235€37,824▼ 1.1%
Equity10/15€26,905€25,558€25,701€27,419€26,218▼ 4.4%
Contributions10/11€12,400€12,400€12,400€12,400€12,400=
Reserves13€15,304€15,304€15,304€15,304€15,304=
Non-distributable reserves130/1€1,859€1,859€1,859€1,859€1,859=
Reserves not available under the articles1311€1,859€1,859€1,859€1,859€1,859=
Distributable reserves133€13,445€13,445€13,445€13,445€13,445=
Profit (loss) carried forward14-€799-€2,146-€2,003-€285-€1,486▼ 421%
Amounts payable17/49€4,342€5,515€11,820€10,817€11,606▲ 7.3%
Amounts payable within one year42/48€4,342€5,515€11,820€10,817€11,606▲ 7.3%
Financial debts43--€6,239€6,249€6,218▼ 0.5%
Credit institutions430/8--€6,239€6,249€6,218▼ 0.5%
Trade debts44€4,026€5,003€5,069€4,055€4,905▲ 21.0%
Suppliers440/4€4,026€5,003€5,069€4,055€4,905▲ 21.0%
Taxes, remuneration and social security45€39-----
Taxes450/3€39-----
Other amounts payable47/48€278€513€513€513€483▼ 5.9%
Line20212022202320242025Change
Profit (loss) for the period9904€211-€1,347€143€1,718-€1,201▼ 170%
Operating cash flow (approximation)€211-€1,347€143€1,718-€1,201▼ 170%
Change in cash-€22----

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

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Timeline · acts, filings and financial milestones

Next filing, fiscal year 2026, expected by 31-07-2027
2026
23-09
NBB filing Annual accounts filed
fiscal year 2025 · micro schema · 54 days late
2025
08-09
NBB filing Annual accounts filed
fiscal year 2024 · micro schema · 39 days late
2024
31-12
Financial Highest result since 2020net €1,718 ▲1,099%
Net result €1,718, the highest in the series.
10-06
NBB filing Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial Back to profitnet €143
Net result €143 after one loss-making year.
01-09
NBB filing Annual accounts filed
fiscal year 2022 · micro schema · 32 days late
2022
31-12
Financial Weakest financial yearnet -€1,347
Net result drops to -€1,347, the lowest in the series; recovery starts the following year.
01-07
NBB filing Annual accounts filed
fiscal year 2021 · micro schema
12-01
NBB filing Annual accounts filed
fiscal year 2020 · micro schema · 165 days late
2021
31-12
Financial Back to profitnet €211
Net result €211 after one loss-making year.
31-12
Financial Liquidity doublescurrent ratio 7.20
Current ratio from 3.49 to 7.20; short-term debt falls from €10,708 to €4,342.
2018
29-08
NBB filing Annual accounts filed
fiscal year 2017 · micro schema · 29 days late
Show earlier events
2017
21-09
NBB filing Annual accounts filed
fiscal year 2016 · micro schema · 52 days late
2016
17-11
NBB filing Annual accounts filed
fiscal year 2015 · abbreviated schema · 109 days late
2015
29-09
NBB filing Annual accounts filed
fiscal year 2014 · abbreviated schema · 60 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts

We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.

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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, Sint-Pieters-Leeuw · 1 establishment unit since 1996
seat establishment The establishment unit on the map
Ground area
2,082 m²
Building footprint
380 m²
Volume, LiDAR
1,953 m³
2 parcels, Flanders · tallest building 9.1 m, ±2 floors. Linked by address, not a title deed.
2 companies at this address See who is registered here
1 establishment unit
Hazeveld(OUD) 2, 1600 Sint-Pieters-Leeuw
Manufacture of rubber and plastic products
since 19962.078.870.742
2 parcels
Flanders 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
23061A0040/00V000 Flanders 1,232 m² 1 · 226 m² 6.9 m · 1 fl.
23073A0100/00G000 Flanders 850 m² 1 · 153 m² 9.1 m · 2 fl.
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Identification & contact

Identification
Legal formPrivate limited company (pre-2019)
Founded17-10-1996
Fiscal year end31-12
E-invoicing
Not found in the Peppol register

No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.

What can you do?

Try sending from your invoicing software; if that fails, ask the customer whether they already receive via Peppol.

If the customer is not ready yet, you may send the invoice another way, for example as a PDF; if electronically, with their agreement on a secure alternative. That invoice is valid; the customer risks a penalty. FPS Finance

Register as of 27 September 2026 · Peppol Directory

Scores and ratios are computed by Checked and are not a credit decision.