STUDIO SMITZ
ActiveSummary
STUDIO SMITZ has been active since 1975 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €124,523 and a net result of €18,439. Equity remains stable across the filed fiscal years (±1.8% per year). Its solvency ranks better than 84% of 3507 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability84▲+40
Solvency100=
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €11,000 at 30 days acceptable
Liquidity ample (current ratio 5.99 against 5.89 in 2024; short-term debt: 15.8% and cash: 87% of total assets), and 15.8% 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○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 →
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
84.2%
Return on assets
12.5%
Age of the figures
9 mo
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 18-05-2026, 74 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
74 d early
2024
48 d early
2023
55 d early
2022
45 d early
2021
38 d early
2020
24 d early
2019
28 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 45 days before 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 13 June (5 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
€124,523▲ 8.3%
2024 · €115,027
Total assets
€147,855▲ 7.4%
2024 · €137,635
Net result
€18,439▲ 433%
2024 · €3,462
Working capital
€116,422▲ 5.3%
2024 · €110,570
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€21,631▲ 110%€2,238▼ 89.7%-€3,049€3,783€26,100▲ 590%
Net result€18,304within the sector's middle half▲ 105%€1,053within the sector's middle half▼ 94.2%-€3,972below the sector's middle half€3,462within the sector's middle half€18,439within the sector's middle half▲ 433%
Equity€125,156above the sector's middle half▲ 17.1%€126,209above the sector's middle half▲ 0.8%€122,237above the sector's middle half▼ 3.1%€115,027above the sector's middle half▼ 5.9%€124,523above the sector's middle half▲ 8.3%
Total assets€133,735within the sector's middle half▲ 17.8%€135,764within the sector's middle half▲ 1.5%€130,695within the sector's middle half▼ 3.7%€137,635within the sector's middle half▲ 5.3%€147,855within the sector's middle half▲ 7.4%
Debt€8,579▲ 28.6%€9,555▲ 11.4%€8,458▼ 11.5%€22,608▲ 167%€23,332▲ 3.2%
Working capital€107,866above the sector's middle half▲ 29.1%€114,925above the sector's middle half▲ 6.5%€116,078above the sector's middle half▲ 1.0%€110,570above the sector's middle half▼ 4.7%€116,422above the sector's middle half▲ 5.3%
Solvency93.6%above the sector's middle half▼ 0.5pp93.0%above the sector's middle half▼ 0.6pp93.5%above the sector's middle half▲ 0.6pp83.6%above the sector's middle half▼ 10.0pp84.2%above the sector's middle half▲ 0.6pp
Current ratio13.57above the sector's middle half▲ 0.0513.03above the sector's middle half▼ 0.5514.72above the sector's middle half▲ 1.705.89above the sector's middle half▼ 8.835.99above the sector's middle half▲ 0.10
Return on assets (ROA)13.7%within the sector's middle half▲ 5.8pp0.8%within the sector's middle half▼ 12.9pp-3.0%below the sector's middle half▼ 3.8pp2.5%within the sector's middle half▲ 5.6pp12.5%within the sector's middle half▲ 10.0pp
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 micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 590% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €147,855
Fixed assets
€8,101 ▲ 81.8%
Current assets
€139,754 ▲ 4.9%
Equity and liabilities €147,855
Equity
€124,523 ▲ 8.3%
Debt
€23,332 ▲ 3.2%
Debt's share of the balance-sheet total falls from 16.4% to 15.8%. Equity and debt are higher.
Key figures and ratios
EBITDA
€29,181▲
2024 · €8,725
Cash flow
€21,519▲
2024 · €8,404
Quick ratio
5.73▲
2024 · 5.71
Debt to equity
0.19▼
2024 · 0.20
ROE
14.8%▲
2024 · 3.0%
Interest coverage
93.42▲
2024 · -72.43
Debt ≤ 1 year
€23,332▲
2024 · €22,608
Income taxes
€8,484▲
2024 · €760
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,349 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.4%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.2% 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 31,349 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 | €0 | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,006 | €6,006 | €5,125 | €4,943 | €3,081 | ▼ 37.7% |
| Other operating charges640/8 | €1,802 | €2,508 | €3,779 | €3,765 | €2,426 | ▼ 35.6% |
| Gross operating margin9900 | €29,440 | €10,752 | €5,855 | €12,491 | €31,607 | ▲ 153% |
| Operating profit (loss)9901 | €21,631 | €2,238 | -€3,049 | €3,783 | €26,100 | ▲ 590% |
| Financial income75/76B | €59 | €10 | €0 | €318 | €1,134 | ▲ 257% |
| Recurring financial income75 | €59 | €10 | €0 | €318 | €1,134 | ▲ 257% |
| Financial charges65/66B | €494 | €570 | €924 | -€120 | €312 | ▲ 359% |
| Recurring financial charges65 | €494 | €570 | €924 | -€120 | €312 | ▲ 359% |
| Profit (loss) for the period before taxes9903 | €21,196 | €1,678 | -€3,972 | €4,221 | €26,922 | ▲ 538% |
| Income taxes67/77 | €2,892 | €625 | €0 | €760 | €8,484 | ▲ 1,017% |
| Profit (loss) for the period9904 | €18,304 | €1,053 | -€3,972 | €3,462 | €18,439 | ▲ 433% |
| Profit (loss) for the period to be appropriated9905 | €18,304 | €1,053 | -€3,972 | €3,462 | €18,439 | ▲ 433% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €133,735 | €135,764 | €130,695 | €137,635 | €147,855 | ▲ 7.4% |
| Fixed assets21/28 | €17,290 | €11,284 | €6,159 | €4,457 | €8,101 | ▲ 81.8% |
| Intangible fixed assets21 | - | - | - | - | €1,700 | - |
| Tangible fixed assets22/27 | €17,290 | €11,284 | €6,159 | €4,457 | €6,400 | ▲ 43.6% |
| Land and buildings22 | €15,720 | €10,940 | €6,159 | €1,379 | €689 | ▼ 50.0% |
| Plant, machinery and equipment23 | €881 | €0 | - | €3,078 | €5,711 | ▲ 85.5% |
| Furniture and vehicles24 | €689 | €344 | €0 | - | - | - |
| Current assets29/58 | €116,445 | €124,480 | €124,536 | €133,179 | €139,754 | ▲ 4.9% |
| Stocks and contracts in progress3 | €6,561 | €4,943 | €4,535 | €4,139 | €6,143 | ▲ 48.4% |
| Stocks30/36 | €6,561 | €4,943 | €4,535 | €4,139 | €6,143 | ▲ 48.4% |
| Amounts receivable within one year40/41 | €369 | €2,380 | €2,170 | €1,397 | €4,519 | ▲ 223% |
| Trade receivables40 | €369 | €996 | €77 | €64 | €4,519 | ▲ 7,001% |
| Other amounts receivable41 | - | €1,383 | €2,093 | €1,334 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €108,888 | €116,514 | €117,373 | €127,425 | €128,595 | ▲ 0.9% |
| Deferred charges and accrued income490/1 | €627 | €644 | €458 | €217 | €497 | ▲ 129% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €133,735 | €135,764 | €130,695 | €137,635 | €147,855 | ▲ 7.4% |
| Equity10/15 | €125,156 | €126,209 | €122,237 | €115,027 | €124,523 | ▲ 8.3% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €100,297 | €101,349 | €101,349 | €94,140 | €103,635 | ▲ 10.1% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €0 | - | - | - |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €0 | - | - | - |
| Tax-exempt reserves132 | €0 | - | - | - | - | - |
| Distributable reserves133 | €98,437 | €99,489 | €101,349 | €94,140 | €103,635 | ▲ 10.1% |
| Profit (loss) carried forward14 | €6,260 | €6,260 | €2,288 | €2,288 | €2,288 | = |
| Amounts payable17/49 | €8,579 | €9,555 | €8,458 | €22,608 | €23,332 | ▲ 3.2% |
| Amounts payable within one year42/48 | €8,579 | €9,555 | €8,458 | €22,608 | €23,332 | ▲ 3.2% |
| Trade debts44 | €3,589 | €3,858 | €3,492 | €5,657 | €9,116 | ▲ 61.1% |
| Suppliers440/4 | €3,589 | €3,858 | €3,492 | €5,657 | €9,116 | ▲ 61.1% |
| Advances received on contracts in progress46 | - | - | - | €77 | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | €3,622 | €3,953 | €4,419 | €5,261 | €6,229 | ▲ 18.4% |
| Taxes450/3 | €3,622 | €3,953 | €4,419 | €5,261 | €6,229 | ▲ 18.4% |
| Other amounts payable47/48 | €1,367 | €1,744 | €546 | €11,613 | €7,988 | ▼ 31.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €18,304 | €1,053 | -€3,972 | €3,462 | €18,439 | ▲ 433% |
| + Depreciation and write-downs630 | €6,006 | €6,006 | €5,125 | €4,943 | €3,081 | ▼ 37.7% |
| Operating cash flow (approximation) | €24,310 | €7,059 | €1,153 | €8,404 | €21,519 | ▲ 156% |
| Investment in fixed assets (approximation) | - | €0 | €0 | -€3,240 | -€6,724 | ▼ 108% |
| Change in cash | - | €7,626 | €859 | €10,052 | €1,170 | ▼ 88.4% |
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
18-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €18,439 ▲433%
Operating result €26,100, net result €18,439, both a record.
13-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €3,462
Net result €3,462 after one loss-making year.
06-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
16-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
23-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
07-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €8,943
Net result €8,943 after one loss-making year.
31-12
Financial
Equity above €100,000Eq €106,852 ▲9.1%
Equity rises from €97,909 to €106,852.
03-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Weakest financial yearnet -€13,726
Net result drops to -€13,726, the lowest in the series; recovery starts the following year.
Show earlier events
02-07
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
06-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
28-06
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 2 acts read
About the unread acts
We know of 2 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
2 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, Eeklo · 1 establishment unit since 1975
Ground area
81 m²
Building footprint
85 m²
Volume, LiDAR
1,166 m³
Parcel 43352E1065/00G002, Flanders · tallest building 17.2 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
Markt 3, 9900 Eeklo
since 19752.011.539.874
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 43352E1065/00G002 | Flanders | 81 m² | 1 · 84 m² | 17.2 m · 5 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.
1 of these parcels carry protected heritage: expect extra rules on renovation or sale.
Public money · subsidies and aid
Flemish government
2022 · 1 entry · 1,199 EUR awarded · 1,199 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 1,199 EUR | 1,199 EUR |
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Of 14,138 companies in sector 74201 we hold annual accounts for 2,616. 2,201 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
Founded08-11-1975
Fiscal year end31-12
Activities, NACEBEL 2025
74201Photography, excluding press photography
47742Retail sale of prescription glasses, lenses and sunglasses
E-invoicing
Reachable via Peppol
Peppol ID
0208:0415459809
Also
9925:BE0415459809
Registered
02-03-2026
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.