Studio Sunstone
ActiveThe annual accounts of Studio Sunstone for fiscal year 2025 show a net loss of 59% of the equity at the start of that year. The 2025 annual accounts show equity of €48k and a net result of €-70k. Equity is growing by ~7.4% per year across the filed fiscal years. Its solvency ranks better than 33% of 7723 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
48
/ 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
Solvency54▼-22
Growth52▼-26
Track record94
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity ample (current ratio 6.52 against 13.63 in 2024; short-term debt: 11.3% and cash: 4.8% of total assets), but 71.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six 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 82
Relative position
BE, all sectors
reference
Sector 82
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
28.9%
Return on assets
-41.6%
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 20-07-2026, 11 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
11 d early
2024
7 d early
2023
47 d late
2022
27 d early
2021
2 d late
← before the deadline
after the deadline →
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
19-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€48k▼ 59.0%
2024 · €118k
2021: €21k
2022: €104k
2023: €94k
2024: €118k
2021 → 2025
Total assets
€167k▼ 27.3%
2024 · €230k
2021: €37k
2022: €266k
2023: €240k
2024: €230k
2021 → 2025
Net result
€-70k
2024 · €24k
2021: €18k
2022: €83k
2023: €-46k
2024: €24k
2021 → 2025
Working capital
€104k▼ 32.2%
2024 · €153k
2021: €21k
2022: €216k
2023: €109k
2024: €153k
2021 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€21k-€104k▲ 401%€94k▼ 9.3%€118k▲ 25.2%€48k▼ 59.0%
Operating result€24k-€84k▲ 243%€-47k€23k€-54k
Net result€18k-€83k▲ 356%€-46k€24k€-70k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €54k after €23k in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €167k
Fixed assets
€44k▼ 31.3%
Current assets
€123k▼ 25.8%
Equity and liabilities €167k
Equity
€48k▼ 59.0%
Debt
€119k▲ 6.0%
The debt ratio rises from 48.8% to 71.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-34k▼
2024 · €43k
Cash flow
€-49k▼
2024 · €44k
Solvency
28.9%▼
2024 · 51.2%
Current ratio
6.52▼
2024 · 13.63
Quick ratio
6.52▼
2024 · 13.63
Debt / equity
2.46▲
2024 · 0.95
ROE
-143.9%▼
2024 · 20.1%
ROA
-41.6%▼
2024 · 10.3%
Interest coverage
-2.01▼
2024 · 305.21
Debt
€119k▲
2024 · €112k
Debt ≤ 1 year
€19k▲
2024 · €12k
Debt > 1 year
€100k=
2024 · €100k
Income taxes
€-1k▼
2024 · €437
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€230k€167k▼
Fixed assets21/28€65k€44k▼
Intangible fixed assets21€65k€44k▼
Current assets29/58€165k€123k▼
Amounts receivable within one year40/41€15k€5k▼
Trade receivables40€14k€4k▼
Other amounts receivable41€711€719▲
Current investments50/53€124k€110k▼
Cash at bank and in hand54/58€26k€8k▼
Equity and liabilities
Total equity and liabilities10/49€230k€167k▼
Equity10/15€118k€48k▼
Contributions10/11€39k€39k=
Reserves13€101k€101k=
Distributable reserves133€101k€101k=
Profit (loss) carried forward14€-22k€-92k▼
Amounts payable17/49€112k€119k▲
Amounts payable after more than one year17€100k€100k=
Financial debts170/4€100k€100k=
Amounts payable within one year42/48€12k€19k▲
Financial debts43€293€97▼
Other loans439€293€97▼
Trade debts44€10k€2k▼
Suppliers440/4€10k€2k▼
Taxes, remuneration and social security45€1k€5k▲
Taxes450/3€1k€5k▲
Remuneration and social security454/9€0-
Other amounts payable47/48€1k€12k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€20k€20k=
Other operating charges640/8€505€520▲
Gross operating margin9900€43k€-34k▼
Operating profit (loss)9901€23k€-54k▼
Financial income75/76B€2k€793▼
Recurring financial income75€2k€793▼
Financial charges65/66B€140€17k▲
Recurring financial charges65€140€17k▲
Profit (loss) for the period before taxes9903€24k€-71k▼
Income taxes67/77€437€-1k▼
Profit (loss) for the period9904€24k€-70k▼
Profit (loss) for the period to be appropriated9905€24k€-70k▼
Appropriation of the result
Profit (loss) to be appropriated9906€-22k€-92k▼
Profit (loss) brought forward from the previous period14P€-46k€-22k▲
The notes to these accounts (5 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
20-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet €-70k ▼393%
Net result drops to €-70k, the lowest in the series.
24-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €24k
Net result €24k after one loss-making year.
31-12
Financial
Liquidity quadruplescurrent ratio 13.63
Current ratio from 3.39 to 13.63; short-term debt falls from €46k to €12k.
31-12
Financial
Equity above €100kEq €118k ▲25.2%
Equity rises from €94k to €118k.
16-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 47 days late
2023
04-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Highest result since 2021net €83k ▲356%
Operating result €84k, net result €83k, both a record.
31-12
Financial
Liquidity times 5current ratio 10.55
Current ratio from 2.31 to 10.55.
31-12
Financial
Equity above €100kEq €104k ▲401%
2 profitable years in a row build equity to €104k.
02-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 2 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, Antwerpen · 1 establishment unit since 2021
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.
Dendermondestraat 282018 AntwerpenGround area
168 m²
Building footprint
94 m²
Volume, LiDAR
929 m³
Parcel 11811L3774/00Z000, Flanders · tallest building 15.5 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Studio Sunstone
since 20212.318.245.461
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11811L3774/00Z000 | Flanders | 168 m² | 1 · 94 m² | 15.4 m · 4 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.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 5 entries · 106,985 EUR awarded · 106,985 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,350 EUR | 1,350 EUR |
| 2024 | 2 | -1,733 EUR | 30,260 EUR |
| 2023 | 1 | 375 EUR | 375 EUR |
| 2022 | 1 | 106,993 EUR | 75,000 EUR |
Schemes
Ontwikkelingsproject
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Similar companies · same sector, comparable size
Mario Invest
BE 0636.882.006
Schoten · Eq €48k
ONE TWO ASSIST
BE 0649.542.385
Vosselaar · Eq €48k
A&E Services
BE 0781.450.509
Zonhoven · Eq €48k
Janssens M Consulting
BE 1019.273.822
Glabbeek · Eq €49k
MED OFFICE
BE 0899.936.801
Bassenge · Eq €48k
Of 11,221 companies in sector 82100 we hold annual accounts for 3,511. 2,534 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded07-06-2021
Fiscal year end31-12
Activities, NACEBEL
82100Office administrative and support services
82110Office administrative, office support and other business support activities
31004Manufacture of dining room, living room, bedroom and bathroom furniture
41001General construction of residential buildings
70210Activities of head offices; management consultancy activities
73200Market research and public opinion polling
73300Public relations and communication consultancy
74103Other professional, scientific and technical activities
74120Graphic design and visual communication
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.