Studio Sunshine
ActiveSummary
Studio Sunshine has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €68,131 and a net result of -€14,093. Equity is shrinking by ~7% per year across the filed fiscal years. Its solvency ranks better than 90% of 32 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-94
Solvency100=
Growth32=
Track record94
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,500 at 30 days acceptable
Liquidity ample (current ratio 15.56 against 4.57 in 2024; short-term debt: 6.3% and cash: 53.4% of total assets), and 6.3% 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+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
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 60
Relative position
BE, all sectors
reference
Programming, broadcasting, news agency and other content distribution activities (NACE 60)
about 22% 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
93.7%
Return on assets
-19.4%
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 07-07-2026, 24 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
24 d early
2024
9 d early
2023
33 d early
2022
3 d early
2021
31 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 8 days before the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 45% 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.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, abbreviated schema
Equity
€68,131▼ 17.1%
2024 · €82,223
Total assets
€72,741▼ 30.6%
2024 · €104,850
Net result
-€14,093
2024 · €21,550
Working capital
€67,134▼ 17.0%
2024 · €80,852
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€104,199-€21,062▼ 79.8%€28,510▲ 35.4%€25,824▼ 9.4%-€15,619
Net result€81,643-€15,077▼ 81.5%€21,396▲ 41.9%€21,550▲ 0.7%-€14,093
Equity€86,143-€101,220▲ 17.5%€72,473▼ 28.4%€82,223▲ 13.5%€68,131▼ 17.1%
Total assets€105,585-€115,629▲ 9.5%€132,243▲ 14.4%€104,850▼ 20.7%€72,741▼ 30.6%
Debt€19,442-€14,409▼ 25.9%€59,770▲ 315%€22,627▼ 62.1%€4,610▼ 79.6%
Working capital€85,138-€99,536▲ 16.9%€69,103▼ 30.6%€80,852▲ 17.0%€67,134▼ 17.0%
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 €15,619 after €25,824 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €72,741
Fixed assets
€997 ▼ 27.3%
Current assets
€71,744 ▼ 30.7%
Equity and liabilities €72,741
Equity
€68,131 ▼ 17.1%
Debt
€4,610 ▼ 79.6%
Debt's share of the balance-sheet total falls from 21.6% to 6.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€15,245▼
2024 · €26,269
Cash flow
-€13,719▼
2024 · €21,995
Current ratio
15.56▲
2024 · 4.57
Debt to equity
0.07▼
2024 · 0.28
ROE
-20.7%▼
2024 · 26.2%
ROA
-19.4%▼
2024 · 20.6%
Debt ≤ 1 year
€4,610▼
2024 · €22,627
Income taxes
€81▼
2024 · €6,098
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,595 companies that looked in July 2024 the way this one looks now, 2.8% went bankrupt within 24 months and 87% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
2.8%
went bankrupt
9.3%
stopped otherwise
87%
still going
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.0% 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 497,058 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% | 1.6% |
| 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 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 3,595 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 |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,364 | €520 | €638 | €444 | €374 | ▼ 15.8% |
| Other operating charges640/8 | €202 | €102 | €718 | €684 | €767 | ▲ 12.2% |
| Non-recurring operating charges66A | - | - | €5,211 | - | €698 | - |
| Gross operating margin9900 | €105,765 | €21,684 | €35,077 | €26,952 | -€13,780 | ▼ 151% |
| Operating profit (loss)9901 | €104,199 | €21,062 | €28,510 | €25,824 | -€15,619 | ▼ 160% |
| Financial income75/76B | - | - | €1,627 | €1,853 | €1,607 | ▼ 13.3% |
| Recurring financial income75 | - | - | €1,627 | €1,853 | €1,607 | ▼ 13.3% |
| Financial charges65/66B | €56 | €132 | €148 | €29 | - | - |
| Recurring financial charges65 | €56 | €132 | €148 | €29 | - | - |
| Non-recurring financial charges66B | €56 | - | - | - | - | - |
| Profit (loss) for the period before taxes9903 | €104,143 | €20,930 | €29,990 | €27,648 | -€14,011 | ▼ 151% |
| Income taxes67/77 | €22,500 | €5,853 | €8,593 | €6,098 | €81 | ▼ 98.7% |
| Profit (loss) for the period9904 | €81,643 | €15,077 | €21,396 | €21,550 | -€14,093 | ▼ 165% |
| Profit (loss) for the period to be appropriated9905 | €81,643 | €15,077 | €21,396 | €21,550 | -€14,093 | ▼ 165% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €105,585 | €115,629 | €132,243 | €104,850 | €72,741 | ▼ 30.6% |
| Fixed assets21/28 | €1,005 | €1,879 | €6,270 | €1,371 | €997 | ▼ 27.3% |
| Intangible fixed assets21 | €0 | - | - | - | - | - |
| Tangible fixed assets22/27 | €845 | €1,719 | €6,110 | €1,211 | €837 | ▼ 30.9% |
| Furniture and vehicles24 | €845 | €1,719 | €6,110 | €1,211 | €837 | ▼ 30.9% |
| Financial fixed assets28 | €160 | €160 | €160 | €160 | €160 | = |
| Current assets29/58 | €104,580 | €113,750 | €125,973 | €103,479 | €71,744 | ▼ 30.7% |
| Amounts receivable after more than one year29 | €52,560 | €49,000 | €46,988 | €18,741 | €15,318 | ▼ 18.3% |
| Trade receivables290 | €52,560 | €49,000 | €46,988 | €18,741 | €15,318 | ▼ 18.3% |
| Amounts receivable within one year40/41 | €24,223 | €17,592 | €33,208 | €46,497 | €16,822 | ▼ 63.8% |
| Trade receivables40 | €23,531 | €14,781 | €24,337 | €44,595 | €14,920 | ▼ 66.5% |
| Other amounts receivable41 | €692 | €2,811 | €8,871 | €1,902 | €1,902 | = |
| Cash at bank and in hand54/58 | €27,798 | €42,158 | €45,777 | €37,486 | €38,848 | ▲ 3.6% |
| Deferred charges and accrued income490/1 | - | €5,000 | - | €756 | €756 | = |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €105,585 | €115,629 | €132,243 | €104,850 | €72,741 | ▼ 30.6% |
| Equity10/15 | €86,143 | €101,220 | €72,473 | €82,223 | €68,131 | ▼ 17.1% |
| Contributions10/11 | €4,500 | €4,500 | €4,500 | €4,500 | €4,500 | = |
| Outside capital11 | - | - | €4,500 | €4,500 | €4,500 | = |
| Other1109/19 | - | - | €4,500 | €4,500 | €4,500 | = |
| Profit (loss) carried forward14 | €81,643 | €96,720 | €67,973 | €77,723 | €63,631 | ▼ 18.1% |
| Amounts payable17/49 | €19,442 | €14,409 | €59,770 | €22,627 | €4,610 | ▼ 79.6% |
| Amounts payable within one year42/48 | €19,442 | €14,214 | €56,870 | €22,627 | €4,610 | ▼ 79.6% |
| Trade debts44 | €494 | €1,661 | €1,429 | €2,549 | €2,360 | ▼ 7.4% |
| Suppliers440/4 | €494 | €1,661 | €1,429 | €2,549 | €2,360 | ▼ 7.4% |
| Taxes, remuneration and social security45 | €14,554 | €10,644 | €17,258 | €7,391 | €1,859 | ▼ 74.9% |
| Taxes450/3 | €14,554 | €10,644 | €17,258 | €7,391 | €1,859 | ▼ 74.9% |
| Other amounts payable47/48 | €4,395 | €1,909 | €38,183 | €12,686 | €391 | ▼ 96.9% |
| Accrued charges and deferred income492/3 | - | €195 | €2,900 | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €81,643 | €15,077 | €21,396 | €21,550 | -€14,093 | ▼ 165% |
| + Depreciation and write-downs630 | €1,364 | €520 | €638 | €444 | €374 | ▼ 15.8% |
| Operating cash flow (approximation) | €83,006 | €15,597 | €22,035 | €21,995 | -€13,719 | ▼ 162% |
| Investment in fixed assets (approximation) | - | -€1,394 | -€5,030 | €4,455 | €0 | ▼ 100% |
| Change in cash | - | €14,360 | €3,619 | -€8,291 | €1,362 | ▲ 116% |
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
07-07
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Weakest financial yearnet -€14,093
Net result drops to -€14,093, the lowest in the series.
31-12
Financial
Liquidity triplescurrent ratio 15.56
Current ratio from 4.57 to 15.56; short-term debt falls from €22,627 to €4,610.
22-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Liquidity doublescurrent ratio 4.57
Current ratio from 2.22 to 4.57; short-term debt falls from €56,870 to €22,627.
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €100,000Eq €101,220 ▲17.5%
2 profitable years in a row build equity to €101,220.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 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
4 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, Antwerpen · 1 establishment unit since 2020
Ground area
82 m²
Building footprint
69 m²
Volume, LiDAR
780 m³
Parcel 11810K1621/00V000, Flanders · tallest building 15.1 m, ±4 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Studio Sunshine
since 20202.309.250.294
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11810K1621/00V000 | Flanders | 82 m² | 1 · 69 m² | 15.1 m · 4 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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Of 332 companies in sector 60100 we hold annual accounts for 79. 61 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
Founded04-11-2020
Fiscal year end31-12
Activities, NACEBEL 2025
60100Programming, broadcasting, news agency and other content distribution activities
59201Sound recording
63920Other information service activities
73120Media representation
85699Other educational support services
96999Other personal services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0757799533
Also
9925:BE0757799533
Registered
06-02-2026
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.