STUDIO-S
InactiveSTUDIO-S was declared bankrupt on 16-06-2022 (Ondernemingsrechtbank Antwerpen, afdeling Hasselt); the bankruptcy was closed for insufficient assets by judgment of 21-09-2023, published in the Belgian State Gazette on 27-09-2023.
Summary
Inactive; last annual accounts for fiscal year 2020.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · No filing for years
The last filed financial year closed on 31-12-2020. Since then, 5 financial years are missing. This points to a standstill, not an imminent failure.
NBB · 10 filingsPosition against the passed deadline
31-12-2021 close31-07-2022 deadline25-09-2026 today
raises risk · Filed more than 90 days late
The financial year that closed on 31-12-2020 was due by 31-07-2021 and was filed on 24-05-2022, 297 days past the deadline. Measured on financial year 2023: companies more than 90 days late are in an abnormal legal state today in 5.61% of cases, against 1.66% across all filers.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
not filed
2020
297 d late
2019
662 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2020, micro schema
Equity
€223
2019 · €-16k
2018: €-43k
2019: €-16k
2018 → 2020
Total assets
€442▼ 84.4%
2019 · €3k
2018: €5k
2019: €3k
2018 → 2020
Net result
€16k▼ 41.6%
2019 · €28k
2018: €-22k
2019: €28k
2018 → 2020
Working capital
€-33▲ 99.8%
2018 · €-15k
2018: €-15k
2018 → 2020
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line201820192020Trend
Equity€-43k-€-16k▲ 63.5%€223
Operating result€-21k-€28k€17k▼ 40.4%
Net result€-22k-€28k€16k▼ 41.6%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2020; 2020 is 40% below 2019.
Balance-sheet composition
2020 in colour, 2019 as the grey bar beneath
Assets €442
Fixed assets
€256 ▼ 50.0%
Current assets
€186 ▼ 92.0%
Equity and liabilities €442
Equity
€223
Debt
€219
Debt finances 49.5% of the balance-sheet total.
Key figures and ratios
EBITDA
€17k▼
2019 · €32k
Cash flow
€16k▼
2019 · €31k
Interest coverage
24.06▼
2019 · 47.59
Debt ≤ 1 year
€219
Staff costs
€6▼
2019 · €449
Ratios withheld: a balance sheet total of €442 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2020 against 2019 · 38 lines
Balance sheet
Code20192020
Assets
Total assets20/58€3k€442▼
Fixed assets21/28€512€256▼
Tangible fixed assets22/27€512€256▼
Furniture and vehicles24€512€256▼
Current assets29/58€2k€186▼
Amounts receivable within one year40/41€1k€185▼
Other amounts receivable41€1k€185▼
Cash at bank and in hand54/58€1k€1▼
Equity and liabilities
Total equity and liabilities10/49€3k€442▼
Equity10/15€-16k€223▲
Contributions10/11€19k€19k=
Capital10€19k-
Issued capital100€19k-
Reserves13€2k€2k=
Non-distributable reserves130/1€2k€2k=
Legal reserve130€2k-
Reserves not available under the articles1311-€2k
Profit (loss) carried forward14€-36k€-20k▲
Amounts payable17/49€19k€219▼
Amounts payable after more than one year17€19k-
Other amounts payable178/9€19k-
Amounts payable within one year42/48-€219
Other amounts payable47/48-€219
Income statement
Code20192020
Non-recurring operating income76A€500€15k▲
Remuneration, social security and pensions62€449€6▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€3k€256▼
Other operating charges640/8€1k€2k▲
Gross operating margin9900€33k€19k▼
Operating profit (loss)9901€28k€17k▼
Financial income75/76B€44-
Recurring financial income75€44-
Financial charges65/66B€664€708▲
Recurring financial charges65€664€708▲
Profit (loss) for the period before taxes9903€28k€16k▼
Profit (loss) for the period9904€28k€16k▼
Profit (loss) for the period to be appropriated9905€28k€16k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-36k€-20k▲
Profit (loss) brought forward from the previous period14P€-64k€-36k▲
The notes to these accounts (4 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2023
27-09
Bankruptcy
Bankruptcy closure (insufficient assets)
Ondernemingsrechtbank Antwerpen, afdeling Hasselt · event 21-09-2023
2022
23-06
Bankruptcy
Opening
Ondernemingsrechtbank Antwerpen, afdeling Hasselt · event 16-06-2022
24-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 297 days late
24-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 662 days late
2019
31-12
Financial
Back to profitnet €28k
Net result €28k after one loss-making year.
14-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 14 days late
2018
27-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
09-05
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
2016
25-05
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
2015
13-05
NBB filing
Annual accounts filed
fiscal year 2014 · abbreviated schema
2014
14-05
NBB filing
Annual accounts filed
fiscal year 2013 · abbreviated schema
2013
28-05
NBB filing
Annual accounts filed
fiscal year 2012 · abbreviated schema
2012
14-05
NBB filing
Annual accounts filed
fiscal year 2011 · abbreviated schema
SignalFinancial 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
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | ILSE VRANKEN OP HET HEYSTERVELD 30,
3700 TONGEREN |
16-06-2022 → 21-09-2023 |