STUDIO STEPHAN BALLEUX
ActiveSummary
STUDIO STEPHAN BALLEUX has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €36k and a net result of €-20k. Equity is growing by ~6.9% per year across the filed fiscal years. Its solvency ranks better than 44% of 1991 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
50
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability0▼-82
Solvency68=
Growth52▼-26
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days acceptable
Liquidity ample (current ratio 1.7 against 1.69 in 2024; short-term debt: 57.3% and cash: 0.7% of total assets), but 57.3% 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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 90
Relative position
BE, all sectors
reference
Sector 90
lower
← 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
42.7%
Return on assets
-23.8%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 30-01-2026, 1 day ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
1 d early
2024
28 d late
2023
8 d late
2022
1 d early
2021
1 d late
2020
5 d early
2019
20 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 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close24-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€-20k
2024 · €14k
2019: €9k
2020: €10k
2021: €-5k
2022: €5k
2023: €10k
2024: €14k
2019 → 2025
Working capital
€34k▼ 35.2%
2024 · €53k
2019: €20k
2020: €26k
2021: €21k
2022: €27k
2023: €41k
2024: €53k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€30k-€35k▲ 14.2%€44k▲ 26.1%€57k▲ 29.5%€36k▼ 35.8%
Operating result€-2k-€9k€14k▲ 50.7%€22k▲ 64.1%€-20k
Net result€-5k-€5k€10k▲ 93.1%€14k▲ 38.9%€-20k
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €20k after €22k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €85k
Fixed assets
€2k ▼ 44.7%
Current assets
€83k ▼ 35.8%
Equity and liabilities €85k
Equity
€36k ▼ 35.8%
Debt
€49k ▼ 36.2%
Debt's share of the balance-sheet total falls from 57.5% to 57.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-18k▼
2024 · €25k
Cash flow
€-19k▼
2024 · €16k
Current ratio
1.70▲
2024 · 1.69
Quick ratio
0.11▼
2024 · 0.67
Debt to equity
1.34▼
2024 · 1.35
ROE
-55.7%▼
2024 · 24.2%
ROA
-23.8%▼
2024 · 10.3%
Interest coverage
-124.00▼
2024 · 9.29
Debt ≤ 1 year
€49k▼
2024 · €77k
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 · 43 lines
Balance sheet
Code20242025
Assets
Total assets20/58€133k€85k▼
Fixed assets21/28€4k€2k▼
Tangible fixed assets22/27€4k€2k▼
Furniture and vehicles24€4k€2k▼
Current assets29/58€130k€83k▼
Stocks and contracts in progress3€78k€78k=
Stocks30/36€78k€78k=
Amounts receivable within one year40/41€40k€5k▼
Trade receivables40€39k€1k▼
Other amounts receivable41€749€3k▲
Cash at bank and in hand54/58€12k€586▼
Deferred charges and accrued income490/1€75-
Equity and liabilities
Total equity and liabilities10/49€133k€85k▼
Equity10/15€57k€36k▼
Contributions10/11€19k€19k=
Reserves13€969€969=
Non-distributable reserves130/1€969€969=
Reserves not available under the articles1311€969€969=
Profit (loss) carried forward14€37k€17k▼
Amounts payable17/49€77k€49k▼
Amounts payable within one year42/48€77k€49k▼
Trade debts44€19k€3k▼
Suppliers440/4€19k€3k▼
Advances received on contracts in progress46-€363
Taxes, remuneration and social security45€7k€5k▼
Taxes450/3€7k€5k▼
Other amounts payable47/48€50k€41k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€2k€2k▼
Other operating charges640/8€769€82▼
Gross operating margin9900€25k€-18k▼
Operating profit (loss)9901€22k€-20k▼
Financial income75/76B€0€1▲
Recurring financial income75€0€1▲
Financial charges65/66B€3k€149▼
Recurring financial charges65€3k€149▼
Profit (loss) for the period before taxes9903€20k€-20k▼
Income taxes67/77€6k-
Profit (loss) for the period9904€14k€-20k▼
Profit (loss) for the period to be appropriated9905€14k€-20k▼
Appropriation of the result
Profit (loss) to be appropriated9906€38k€17k▼
Profit (loss) brought forward from the previous period14P€24k€37k▲
Profit to be distributed694/7€800-
Return on contributions (dividend)694€800-
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
Next filing, fiscal year 2026, expected by
2026
30-01
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-06
Financial
Weakest financial yearnet €-20k ▼248%
Net result drops to €-20k, the lowest in the series.
28-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
30-06
Financial
Highest result since 2019net €14k ▲38.9%
Operating result €22k, net result €14k, both a record.
08-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 8 days late
2023
30-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial
Back to profitnet €5k
Net result €5k after one loss-making year.
01-02
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 1 day late
2021
26-01
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
20-02
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 20 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Wavre · 1 establishment unit since 2017
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.
Rue Joseph Francis 161301 WavreGround area
109 m²
Parcel 25006D0243/00D003, Wallonia. Linked by address, not a title deed.
1 establishment unit
STUDIO STEPHAN BALLEUX
since 20172.270.821.369
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25006D0243/00D003 | Wallonia | 109 m² | - | - |
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.
Public money · subsidies and aid
Wallonia-Brussels Federation
2023 · 2 entries · 1,500 EUR in total| Year | Entries | paid |
|---|---|---|
| 2023 | 2 | 1,500 EUR |
Budget allocations
Aides ponctuelles dans le domaine des arts plastiques
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BAOBEI
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Studio Hadassah Emmerich
BE 0803.976.283
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Dr. Niels Logghe
BE 1013.798.270
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Of 6,653 companies in sector 90111 we hold annual accounts for 384. 305 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
Founded12-12-2017
Fiscal year end30-06
Activities, NACEBEL 2025
90111Literary creation
90201Performing arts by independent artists
Sources
Crossroads Bank for EnterprisesNational Bank · 7 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.