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studio systema

Active
Private limited companyfounded 2025active for 1 yearBel 91, 2440 Geel, BelgiumKBO/BCE: BE 1018.500.493
Summary

studio systema has been active since 2025 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €8,577 and a net result of €3,577. Its solvency ranks better than 15% of 11,715 sector peers (NACE 71, financial year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).

Financials · financial year 2025, micro format

Equity
€8,577
Total assets
€78,685
Net result
€3,577
Working capital
-€58,749

Turnover and EBIT margin not published: the micro format does not require them.

Balance-sheet composition
Assets €78,685
Fixed assets €67,326
Current assets €11,359
Equity and liabilities €78,685
Equity €8,577
Debt €70,108
Debt finances 89.1% of the balance-sheet total.
Key figures and ratios
2025 value
EBITDA
€14,310
Cash flow
€12,718
Current ratio
0.16
Debt to equity
8.17
ROE
41.7%
ROA
4.5%
Interest coverage
over 100
Debt ≤ 1 year
€70,108
Income taxes
€1,542

Peer companies

Historical observation

Of the 294 companies that looked in July 2024 the way this one looks now, 2.4% went bankrupt within 24 months and 95.6% are still going.

  • Micro
  • under 2 years old
  • solvency 10 to 30%
  • a profit under 5% of the balance sheet
2.4% went bankrupt
2.0% stopped otherwise
95.6% still going

For this company itself Checked computes a bankruptcy probability of 0.5% 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 497,475 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.

The companies in ten equal groups, from lowest to 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%

The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% 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 294 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
Filed annual accounts As filed with the NBB · 2025 · 35 lines
Balance sheet Code2025
Assets
Total assets20/58€78,685
Fixed assets21/28€67,326
Tangible fixed assets22/27€67,326
Plant, machinery and equipment23€3,269
Furniture and vehicles24€4,211
Other tangible fixed assets26€59,846
Current assets29/58€11,359
Amounts receivable within one year40/41€5,142
Trade receivables40€5,052
Other amounts receivable41€90
Cash at bank and in hand54/58€3,950
Deferred charges and accrued income490/1€2,268
Equity and liabilities
Total equity and liabilities10/49€78,685
Equity10/15€8,577
Contributions10/11€5,000
Reserves13€3,577
Distributable reserves133€3,577
Amounts payable17/49€70,108
Amounts payable within one year42/48€70,108
Taxes, remuneration and social security45€4,791
Taxes450/3€4,791
Other amounts payable47/48€65,318
Income statement Code2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9,141
Other operating charges640/8€1,741
Gross operating margin9900€16,051
Operating profit (loss)9901€5,170
Financial charges65/66B€51
Recurring financial charges65€51
Profit (loss) for the period before taxes9903€5,119
Income taxes67/77€1,542
Profit (loss) for the period9904€3,577
Profit (loss) for the period to be appropriated9905€3,577
Appropriation of the result
Profit (loss) to be appropriated9906€3,577
Transfer to equity691/2€3,577
To other reserves6921€3,577

The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line2025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€9,141
Other operating charges640/8€1,741
Gross operating margin9900€16,051
Operating profit (loss)9901€5,170
Financial charges65/66B€51
Recurring financial charges65€51
Profit (loss) for the period before taxes9903€5,119
Income taxes67/77€1,542
Profit (loss) for the period9904€3,577
Profit (loss) for the period to be appropriated9905€3,577
Line2025
Assets
Total assets20/58€78,685
Fixed assets21/28€67,326
Tangible fixed assets22/27€67,326
Plant, machinery and equipment23€3,269
Furniture and vehicles24€4,211
Other tangible fixed assets26€59,846
Current assets29/58€11,359
Amounts receivable within one year40/41€5,142
Trade receivables40€5,052
Other amounts receivable41€90
Cash at bank and in hand54/58€3,950
Deferred charges and accrued income490/1€2,268
Equity and liabilities
Total equity and liabilities10/49€78,685
Equity10/15€8,577
Contributions10/11€5,000
Reserves13€3,577
Distributable reserves133€3,577
Amounts payable17/49€70,108
Amounts payable within one year42/48€70,108
Taxes, remuneration and social security45€4,791
Taxes450/3€4,791
Other amounts payable47/48€65,318
Line2025
Profit (loss) for the period9904€3,577
+ Depreciation and write-downs630€9,141
Operating cash flow (approximation)€12,718

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Filings with the National Bank (1)
Financial year Type Filed Reference
31-12-2025 micro format 27-04-2026 2026-00088757

Similar companies · same sector, comparable size

Of the 18,231 active companies whose main activity is activities of building architects (NACE 71111), figures are known for 6,415. 3,258 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.