STUDIO SACHA
ActiveSummary
STUDIO SACHA has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€54,727) and a net result of -€764. Equity is growing by ~4.6% per year across the filed fiscal years. Its solvency ranks better than 5% of 639 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability53▼-47
Solvency0=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.15 against 0.11 in 2024; short-term debt: 347.9% and cash: 2.3% of total assets), and equity is negative.
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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 74
Relative position
BE, all sectors
reference
Other professional, scientific and technical activities (NACE 74)
about 48% fewer bankruptcies
← 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 2025Solvency, return and age of the figures
Solvency
-249%
Return on assets
-3.5%
Age of the figures
9 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 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
1819202122232425
2018 to 2025 · latest year -€54,727
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 22-07-2026, 9 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
9 d early
2024
90 d late
2023
92 d late
2022
37 d late
2021
128 d late
2020
31 d late
2019
31 d late
← 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 57 days after the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 38% 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 29 October (4 of the last 5 filed years within 53 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
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Financials · fiscal year 2025, abbreviated schema
Equity
-€54,727▼ 1.4%
2024 · -€53,963
Total assets
€21,982▼ 16.6%
2024 · €26,354
Net result
-€764
2024 · €12,867
Working capital
-€65,123▲ 8.5%
2024 · -€71,191
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 74, Other professional, scientific and technical activities, 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€6,549▲ 1,124%-€496€19,678€19,001▼ 3.4%-€2,874
Net result€3,339within the sector's middle half-€2,602below the sector's middle half€13,823within the sector's middle half€12,867within the sector's middle half▼ 6.9%-€764within the sector's middle half
Equity-€77,990below the sector's middle half▲ 4.1%-€80,592below the sector's middle half▼ 3.3%-€66,830below the sector's middle half▲ 17.1%-€53,963below the sector's middle half▲ 19.3%-€54,727below the sector's middle half▼ 1.4%
Total assets€50,906within the sector's middle half▲ 17.3%€46,161within the sector's middle half▼ 9.3%€31,322below the sector's middle half▼ 32.1%€26,354below the sector's middle half▼ 15.9%€21,982below the sector's middle half▼ 16.6%
Debt€128,896▲ 3.3%€126,753▼ 1.7%€98,151▼ 22.6%€80,317▼ 18.2%€76,708▼ 4.5%
Working capital-€97,098below the sector's middle half▲ 3.3%-€100,053below the sector's middle half▼ 3.0%-€88,996below the sector's middle half▲ 11.1%-€71,191below the sector's middle half▲ 20.0%-€65,123below the sector's middle half▲ 8.5%
Solvency-153.2%below the sector's middle half▲ 34.1pp-174.6%below the sector's middle half▼ 21.4pp-213.4%below the sector's middle half▼ 38.8pp-204.8%below the sector's middle half▲ 8.6pp-249.0%below the sector's middle half▼ 44.2pp
Current ratio0.25below the sector's middle half▲ 0.050.21below the sector's middle half▼ 0.040.09below the sector's middle half▼ 0.120.11below the sector's middle half▲ 0.010.15below the sector's middle half▲ 0.04
Return on assets (ROA)6.6%within the sector's middle half▲ 14.6pp-5.6%below the sector's middle half▼ 12.2pp44.1%above the sector's middle half▲ 49.8pp48.8%above the sector's middle half▲ 4.7pp-3.5%below the sector's middle half▼ 52.3pp
above
within
below
the middle half (P25 to P75) of NACE 74, Other professional, scientific and technical activities, each year against the same schema; no band under 30 filings.
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 turns negative in 2025: a loss of €2,874 after €19,001 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €21,982
Fixed assets
€10,632 ▼ 40.4%
Current assets
€11,350 ▲ 33.5%
Key figures and ratios
EBITDA
€2,272▼
2024 · €23,315
Cash flow
€4,382▼
2024 · €17,181
Debt to equity
-1.40▲
2024 · -1.49
Interest coverage
4.64▼
2024 · 27.89
Debt ≤ 1 year
€76,473▼
2024 · €79,693
Income taxes
-€807▼
2024 · €5,310
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,795 companies that looked in July 2024 the way this one looks now, 2.1% went bankrupt within 24 months and 90% are still going.
- Micro
- 20 years or older
- negative equity
- a small loss
2.1%
went bankrupt
6.0%
stopped otherwise
90%
still going
A further 1.7% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.3% 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 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 2,795 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 | - | - | - | - | €5,526 | - |
| Remuneration, social security and pensions62 | €16 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,915 | €4,421 | €4,536 | €4,314 | €5,146 | ▲ 19.3% |
| Other operating charges640/8 | €980 | €1,242 | €1,470 | €1,266 | €435 | ▼ 65.6% |
| Non-recurring operating charges66A | - | - | - | €1,723 | - | - |
| Gross operating margin9900 | €12,460 | €5,166 | €25,683 | €26,303 | €2,707 | ▼ 89.7% |
| Operating profit (loss)9901 | €6,549 | -€496 | €19,678 | €19,001 | -€2,874 | ▼ 115% |
| Financial income75/76B | €385 | €211 | €165 | €12 | €1,792 | ▲ 14,834% |
| Recurring financial income75 | €385 | €211 | €165 | €12 | €1,792 | ▲ 14,834% |
| Financial charges65/66B | €1,455 | €1,490 | €1,131 | €836 | €489 | ▼ 41.5% |
| Recurring financial charges65 | €1,455 | €1,490 | €1,131 | €836 | €489 | ▼ 41.5% |
| Profit (loss) for the period before taxes9903 | €5,478 | -€1,775 | €18,711 | €18,177 | -€1,571 | ▼ 109% |
| Income taxes67/77 | €2,140 | €827 | €4,888 | €5,310 | -€807 | ▼ 115% |
| Profit (loss) for the period9904 | €3,339 | -€2,602 | €13,823 | €12,867 | -€764 | ▼ 106% |
| Profit (loss) for the period to be appropriated9905 | €3,339 | -€2,602 | €13,823 | €12,867 | -€764 | ▼ 106% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €50,906 | €46,161 | €31,322 | €26,354 | €21,982 | ▼ 16.6% |
| Fixed assets21/28 | €19,108 | €19,461 | €22,167 | €17,853 | €10,632 | ▼ 40.4% |
| Tangible fixed assets22/27 | €15,958 | €16,311 | €19,017 | €14,703 | €9,582 | ▼ 34.8% |
| Plant, machinery and equipment23 | - | €658 | €479 | €300 | €160 | ▼ 46.8% |
| Furniture and vehicles24 | €10,196 | €10,336 | €14,290 | €11,003 | €6,756 | ▼ 38.6% |
| Other tangible fixed assets26 | €5,762 | €5,318 | €4,248 | €3,400 | €2,667 | ▼ 21.6% |
| Financial fixed assets28 | €3,150 | €3,150 | €3,150 | €3,150 | €1,050 | ▼ 66.7% |
| Current assets29/58 | €31,798 | €26,699 | €9,155 | €8,501 | €11,350 | ▲ 33.5% |
| Amounts receivable within one year40/41 | €23,859 | €25,658 | €5,274 | €8,501 | €10,836 | ▲ 27.5% |
| Trade receivables40 | €19,746 | €20,434 | €5,274 | €8,501 | €8,004 | ▼ 5.8% |
| Other amounts receivable41 | €4,112 | €5,224 | €0 | - | €2,831 | - |
| Cash at bank and in hand54/58 | €7,761 | €379 | €3,880 | - | €514 | - |
| Deferred charges and accrued income490/1 | €179 | €662 | €0 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €50,906 | €46,161 | €31,322 | €26,354 | €21,982 | ▼ 16.6% |
| Equity10/15 | -€77,990 | -€80,592 | -€66,830 | -€53,963 | -€54,727 | ▼ 1.4% |
| Contributions10/11 | €74,368 | €74,368 | €74,368 | €74,368 | €74,368 | = |
| Outside capital11 | €74,368 | €74,368 | €74,368 | €74,368 | €74,368 | = |
| Other1109/19 | €74,368 | €74,368 | €74,368 | €74,368 | €74,368 | = |
| Reserves13 | €7,437 | €7,437 | €7,437 | €7,437 | €7,437 | = |
| Non-distributable reserves130/1 | €7,437 | €7,437 | €7,437 | €7,437 | €7,437 | = |
| Legal reserve130 | €7,437 | €7,437 | €7,437 | €7,437 | €7,437 | = |
| Profit (loss) carried forward14 | -€159,795 | -€162,397 | -€148,634 | -€135,768 | -€136,531 | ▼ 0.6% |
| Amounts payable17/49 | €128,896 | €126,753 | €98,151 | €80,317 | €76,708 | ▼ 4.5% |
| Amounts payable within one year42/48 | €128,896 | €126,753 | €98,151 | €79,693 | €76,473 | ▼ 4.0% |
| Current portion of amounts payable after more than one year42 | €1,989 | €1,989 | €2,014 | - | - | - |
| Financial debts43 | - | - | - | €4,999 | €2,017 | ▼ 59.6% |
| Credit institutions430/8 | - | - | - | €4,999 | €2,017 | ▼ 59.6% |
| Trade debts44 | €12,635 | €12,208 | €5,931 | €5,362 | €8,085 | ▲ 50.8% |
| Suppliers440/4 | €12,635 | €12,208 | €5,931 | €1,718 | €4,440 | ▲ 158% |
| Bills of exchange payable441 | - | - | - | €3,645 | €3,645 | = |
| Taxes, remuneration and social security45 | €3,666 | €3,366 | €3,213 | €12,077 | €5,391 | ▼ 55.4% |
| Taxes450/3 | €3,666 | €3,366 | €3,213 | €12,077 | €5,391 | ▼ 55.4% |
| Other amounts payable47/48 | €110,607 | €109,190 | €86,993 | €57,254 | €60,981 | ▲ 6.5% |
| Accrued charges and deferred income492/3 | - | - | - | €624 | €235 | ▼ 62.4% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3,339 | -€2,602 | €13,823 | €12,867 | -€764 | ▼ 106% |
| + Depreciation and write-downs630 | €4,915 | €4,421 | €4,536 | €4,314 | €5,146 | ▲ 19.3% |
| Operating cash flow (approximation) | €8,254 | €1,819 | €18,359 | €17,181 | €4,382 | ▼ 74.5% |
| Investment in fixed assets (approximation) | - | -€4,774 | -€7,241 | €0 | €2,075 | - |
| Change in cash | - | -€7,382 | €3,501 | - | - | - |
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
22-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
29-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 90 days late
2024
31-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 92 days late
2023
31-12
Financial
Back to profitnet €13,823
Net result €13,823 after one loss-making year.
06-09
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 37 days late
2022
06-12
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 128 days late
2021
31-12
Financial
Back to profitnet €3,339
Net result €3,339 after 2 loss-making years.
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Weakest financial yearnet -€3,479
Net result drops to -€3,479, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 31 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 27 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 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
5 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, Beersel · 1 establishment unit since 1990
Ground area
1,130 m²
Building footprint
225 m²
Volume, LiDAR
1,091 m³
Parcel 23001B0254/00D017, Flanders · tallest building 8.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
STUDIO SACHA NV
since 19902.048.824.991
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23001B0254/00D017 | Flanders | 1,130 m² | 1 · 224 m² | 8.3 m · 2 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.
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 14,138 companies in sector 74201 we hold annual accounts for 2,616. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded13-03-1990
Fiscal year end31-12
Activities, NACEBEL 2025
74201Photography, excluding press photography
E-invoicing
Reachable via Peppol
Peppol ID
0208:0440207972
Also
9925:BE0440207972
Registered
02-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.