Studio Steel
ActiveSummary
The computed 12-month bankruptcy probability of Studio Steel is 1.5% (moderate). The 2025 annual accounts show equity of €50k and a net result of €58k. Equity is growing by ~129% per year across the filed fiscal years. Its solvency ranks better than 34% of 11322 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
59
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability99▼-1
Solvency45▲+25
Growth78=
Track record94
Bankruptcy probability, 12 months
1.5%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2.5k at 30 days acceptable
Liquidity tight (current ratio 1.22 against 0.92 in 2024; short-term debt: 79.4% and cash: 8% of total assets), and 79.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
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
20.4%
Return on assets
23.8%
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 31-08-2026, 31 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 · 3 filingsDeviation from the deadline
2025
31 d late
2024
31 d late
2023
31 d late
← before the deadline
after the deadline →
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 monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€50k
2024 · €-8k
2023: €-79k
2024: €-8k
2023 → 2025
Total assets
€244k▲ 50.7%
2024 · €162k
2023: €33k
2024: €162k
2023 → 2025
Net result
€58k▼ 17.2%
2024 · €70k
2023: €-84k
2024: €70k
2023 → 2025
Working capital
€43k
2024 · €-14k
2023: €-84k
2024: €-14k
2023 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line202320242025Trend
Equity€-79k-€-8k▲ 89.3%€50k
Operating result€-83k-€70k€72k▲ 2.1%
Net result€-84k-€70k€58k▼ 17.2%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen two years in a row; 2025 is 2% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €244k
Fixed assets
€7k ▲ 11.7%
Current assets
€237k ▲ 52.3%
Equity and liabilities €244k
Equity
€50k
Debt
€194k
Debt finances 79.6% of the balance-sheet total.
Key figures and ratios
EBITDA
€74k▲
2024 · €72k
Cash flow
€61k▼
2024 · €72k
Current ratio
1.22▲
2024 · 0.92
Quick ratio
0.96▲
2024 · 0.57
Debt to equity
3.90▲
2024 · -20.33
ROE
116.8%
ROA
23.8%▼
2024 · 43.4%
Interest coverage
291.48▲
2024 · 227.73
Debt ≤ 1 year
€194k▲
2024 · €170k
Income taxes
€13k
Staff costs
€98k▲
2024 · €67k
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 · 2025 against 2024 · 44 lines
Balance sheet
Code20242025
Assets
Total assets20/58€162k€244k▲
Fixed assets21/28€6k€7k▲
Tangible fixed assets22/27€6k€7k▲
Plant, machinery and equipment23€3k€4k▲
Furniture and vehicles24€942€650▼
Other tangible fixed assets26€3k€2k▼
Financial fixed assets28-€350
Current assets29/58€156k€237k▲
Stocks and contracts in progress3€58k€50k▼
Stocks30/36€58k€50k▼
Amounts receivable within one year40/41€75k€167k▲
Trade receivables40€50k€60k▲
Other amounts receivable41€25k€106k▲
Cash at bank and in hand54/58€22k€20k▼
Deferred charges and accrued income490/1€0€229▲
Equity and liabilities
Total equity and liabilities10/49€162k€244k▲
Equity10/15€-8k€50k▲
Contributions10/11€5k€5k=
Profit (loss) carried forward14€-13k€45k▲
Amounts payable17/49€170k€194k▲
Amounts payable within one year42/48€170k€194k▲
Current portion of amounts payable after more than one year42€66k€3k▼
Trade debts44€97k€150k▲
Suppliers440/4€97k€150k▲
Taxes, remuneration and social security45€4k€39k▲
Taxes450/3€0€24k▲
Remuneration and social security454/9€4k€15k▲
Other amounts payable47/48€2k€2k▲
Accrued charges and deferred income492/3€312€384▲
Income statement
Code20242025
Remuneration, social security and pensions62€67k€98k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k▲
Other operating charges640/8€5k€520▼
Gross operating margin9900€144k€173k▲
Operating profit (loss)9901€70k€72k▲
Financial income75/76B€171€15▼
Recurring financial income75€171€15▼
Financial charges65/66B€318€255▼
Recurring financial charges65€318€255▼
Profit (loss) for the period before taxes9903€70k€72k▲
Income taxes67/77-€13k
Profit (loss) for the period9904€70k€58k▼
Profit (loss) for the period to be appropriated9905€70k€58k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-13k€45k▲
Profit (loss) brought forward from the previous period14P€-84k€-13k▲
The notes to these accounts (10 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 31 days late
2025
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
31-12
Financial
Back to profitnet €70k
Net result €70k after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Kapellen · 1 establishment unit since 2023
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Essensteenweg 16/A unit 12950 KapellenGround area
1.5 ha
Building footprint
3,912 m²
Volume, LiDAR
19,380 m³
Parcel 11023K0007/00N035, Flanders · tallest building 18.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Studio Steel
since 20232.340.655.233
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11023K0007/00N035 | Flanders | 1.5 ha | 1 · 3,912 m² | 18.6 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
CALLENS POORTEN
BE 0672.646.401
Zulte · Eq €49,627
BLANKENBERGE DOE-HET-ZELF
BE 0436.086.066
Blankenberge · Eq €49,542
RF LUYCKX
BE 0789.942.858
Lommel · Eq €50,078
Sanilec
BE 0412.559.806
Anderlecht · Eq €49,378
VPNK
BE 0655.977.544
Bouillon · Eq €50,223
Of 1,803 companies in sector 46831 we hold annual accounts for 1,397. 628 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded11-01-2023
Fiscal year end31-12
Activities, NACEBEL 2025
46831Wholesale of construction materials, general range
41001General construction of residential buildings
41002Construction of residential and non-residential buildings
41003General construction of other non-residential buildings
43320Joinery installation
46150Agents in the wholesale of furniture, household goods and hardware
Sources
Crossroads Bank for EnterprisesNational Bank · 3 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.