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Studio So

Active
Private limited companyfounded 2025active for 1 yearPalestraat 12, 9850 Deinze, BelgiumKBO/BCE: BE 1023.601.210

Financials · financial year 2025, micro format

Annual accounts 2025 filed on 23-06-2026 at the NBB

Turnover
≈ €81,000
Estimated: probably between €38,000 and €160,000
Total assets
€22,231
Net result
€11,320
Working capital
€6,988

Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.

Balance-sheet composition
Assets €22,231
Fixed assets €2,667
Current assets €19,564
Equity and liabilities €22,231
Equity €9,655
Debt €12,576
Debt's share of the balance-sheet total is 56.6%.
Key figures and ratios
2025 value
EBITDA
€17,079
Cash flow
€12,999
Current ratio
1.56
Debt to equity
1.30
ROE
117.2%
ROA
50.9%
Interest coverage
23.81
Debt ≤ 1 year
€12,576
Income taxes
€3,363

Investments

fixed assets acquired
Item2025
Tangible fixed assets€3,298
Depreciation and write-downs of the year€1,678

Source: notes to the 2025 annual accounts (statement of fixed assets)

Comparable companies

These companies have the same main activity as Studio So: business and other management consultancy (NACE 70200). They are comparable in size and age: total assets between €20,500 and €25,500, founded in 2025.

CompanyFoundedTotal assetsEquityGross marginNet resultFinancial year
Studio So Deinze2025€22,231€9,655€17,479€11,3202025
ALTIVA Gent2025€22,842€13,979€18,152€9,9792025
FJ&B consulting Gent2025€22,152€11,568€16,758€12,4012025
Ocket Consulting Beveren-Kruibeke-Zwijndrecht2025€21,848€14,981€16,274€9,9812025
Marengo JMG Waasmunster2025€20,464€15,011€16,088€12,0112025
Nozo Destelbergen2025€25,143€13,750€16,896€11,2502025
SANOU Gent2025€25,511€14,987€17,836€12,4872025

They were chosen from the 54,693 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity

Companies with the same profile, two years later

Historical observation

In July 2024, 11,279 companies had the same profile as Studio So has now. Two years later, 0.7% had gone bankrupt and 96.6% were still going.

  • Micro
  • under 2 years old
  • solvency 30% or more
  • a profit of 5% of the balance sheet or more
0.7% went bankrupt
2.6% stopped otherwise
96.6% was still going

That fits the bankruptcy probability of Studio So itself: < 0.1% within 12 months.

Test of the method

The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.

The companies in ten equal groups, from the lowest to the highest expected share
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% 0.9%
6 1.3% 1.5%
7 1.6% 1.8%
8 1.8% 1.8%
9 3.0% 3.1%
10 5.6% 6.2%

A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.

This is an observation about 11,279 companies, not a prediction for Studio So. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 · 37 lines

Source: Annual accounts 2025 at the NBB, filed on 23-06-2026.

Balance sheet Code2025
Assets
Total assets20/58€22,231
Fixed assets21/28€2,667
Tangible fixed assets22/27€2,667
Furniture and vehicles24€2,667
Current assets29/58€19,564
Cash at bank and in hand54/58€4,268
Deferred charges and accrued income490/1€15,296
Equity and liabilities
Total equity and liabilities10/49€22,231
Equity10/15€9,655
Contributions10/11€1
Reserves13€9,654
Distributable reserves133€9,654
Profit (loss) carried forward14€0
Amounts payable17/49€12,576
Amounts payable within one year42/48€12,576
Trade debts44€202
Suppliers440/4€202
Taxes, remuneration and social security45€7,716
Taxes450/3€7,716
Other amounts payable47/48€4,657
Income statement Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,678
Other operating charges640/8€400
Gross operating margin9900€17,479
Operating profit (loss)9901€15,401
Financial income75/76B€0
Recurring financial income75€0
Financial charges65/66B€717
Recurring financial charges65€717
Profit (loss) for the period before taxes9903€14,683
Income taxes67/77€3,363
Profit (loss) for the period9904€11,320
Profit (loss) for the period to be appropriated9905€11,320
Appropriation of the result
Profit (loss) to be appropriated9906€11,320
Transfer to equity691/2€9,654
To other reserves6921€9,654
Profit to be distributed694/7€1,666
Return on contributions (dividend)694€1,666

The notes to these accounts have 5 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.

Line2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1,678
Other operating charges640/8€400
Gross operating margin9900€17,479
Operating profit (loss)9901€15,401
Financial income75/76B€0
Recurring financial income75€0
Financial charges65/66B€717
Recurring financial charges65€717
Profit (loss) for the period before taxes9903€14,683
Income taxes67/77€3,363
Profit (loss) for the period9904€11,320
Profit (loss) for the period to be appropriated9905€11,320
Line2025
Assets
Total assets20/58€22,231
Fixed assets21/28€2,667
Tangible fixed assets22/27€2,667
Furniture and vehicles24€2,667
Current assets29/58€19,564
Cash at bank and in hand54/58€4,268
Deferred charges and accrued income490/1€15,296
Equity and liabilities
Total equity and liabilities10/49€22,231
Equity10/15€9,655
Contributions10/11€1
Reserves13€9,654
Distributable reserves133€9,654
Profit (loss) carried forward14€0
Amounts payable17/49€12,576
Amounts payable within one year42/48€12,576
Trade debts44€202
Suppliers440/4€202
Taxes, remuneration and social security45€7,716
Taxes450/3€7,716
Other amounts payable47/48€4,657
Line2025
Profit (loss) for the period9904€11,320
+ Depreciation and write-downs630€1,678
Operating cash flow (approximation)€12,999

A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.

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Filings with the National Bank (1)
Financial year Type Filed Reference Document
31-12-2025 micro format 23-06-2026 2026-00193705 NBB

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