studio systema
ActiveSummary
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 11,771 sector peers (NACE 71, financial year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 09-01-2025 Normal situation
- Activity
- Activities of building architects NACE 71111
- Establishment unit
- 2.369.343.378 2440 Geel, since 09-01-2025
- Financial year end
- 31 December
- Peppol
- Reachable since 09-02-2026
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.5%
Annual accounts 2025
- Gross margin
- €16,051
- Turnover
- ≈ €100,000
- estimated
- Profit
- €3,577
- Equity
- €8,577
- Total assets
- €78,685
Score breakdownraises riskFounded in 2025Equity €8,577 (10.9% of total assets)Liquidity: current ratio 0.16, cash €3,950lowers riskSector: Architectural and engineering activities; technical testing and analysis (NACE 71)Show the evidence
Checked score
Score 2025
78
/ 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 20% of micro companies in architecture and engineering (NACE 71)
Financial strength
Weak
Solvency
36
equity 10.9% of total assets
Liquidity
7
short-term debt 89.1% · cash 5.0%
Profitability
74
return on assets 4.5%
Bankruptcy probability within 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
02-2026: 0.5%
03-2026: 0.5%● unchanged vs 02-2026highest value
04-2026: 0.5%● unchanged vs 03-2026highest value
05-2026: 0.4%▼ -0.1 percentage points vs 04-2026lowest value
06-2026: 0.4%● unchanged vs 05-2026
07-2026: 0.4%● unchanged vs 06-2026
08-2026: 0.5%▲ +0.1 percentage points vs 07-2026
09-2026: 0.5%● unchanged vs 08-2026
10-2026: 0.5%● unchanged vs 09-2026
11-2026: 0.5%● unchanged vs 10-2026
Credit of up to €500 on 30-day terms is acceptable
Liquidity is insufficient, with a current ratio of 0.16, below 1. Short-term debt is 89.1% and cash 5% of total assets. 89.1% of the assets are financed with debt and provisions.
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 71, micro). It does better than 16% of them on solvency, 4% on liquidity and 39% on profitability.
The bankruptcy probability was computed on 02-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 15% of 11771 sector peers (2025).
NBB · sector comparisonPosition among 11771 sector peers
Solvency
better than 15%
← weakest
strongest →
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 27-04-2026, 95 days ahead of the deadline.
NBB · 1 filingDeviation from the deadline
2025
95 days early
← before the deadline
after the deadline →
Searched, nothing found (1)
Financials
Financials · financial year 2025, micro format
Annual accounts 2025 filed on 27-04-2026 at the NBB
Turnover
≈ €100,000
Estimated: probably between €55,000 and €190,000
Total assets
€78,685
Net result
€3,577
Working capital
-€58,749
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
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's share of the balance-sheet total is 89.1%.
Key figures and ratios
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
Investments
| Item | 2025 |
|---|---|
| Tangible fixed assets | €76,467 |
| Depreciation and write-downs of the year | €9,141 |
Source: notes to the 2025 annual accounts (statement of fixed assets)
Annual accounts
| Line | 2025 |
|---|---|
| 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 |
| Line | 2025 | |
|---|---|---|
| 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 | |
| Line | 2025 |
|---|---|
| Profit (loss) for the period9904 | €3,577 |
| + Depreciation and write-downs630 | €9,141 |
| Operating cash flow (approximation) | €12,718 |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 294 companies had the same profile as studio systema has now. Two years later, 95.6% were still going and 2.4% had gone bankrupt.
- Micro
- under 2 years old
- solvency 10 to 30%
- a profit under 5% of the balance sheet
95.6%
was still going
2.0%
stopped otherwise
2.4%
went bankrupt
That fits the bankruptcy probability of studio systema itself: 0.5% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 294 companies, not a prediction for studio systema. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Filings with the National Bank (1)
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 27-04-2026 | 2026-00088757 |
Board & ownership
Directors
Directors
1 director, no change since 2025
SULS Dieter
Current
Director (not named in the articles) · appointed in the act of 13-01-2025 · term without a fixed end · listed in the 2025 annual accounts, filed on 27-04-2026
Signing authorityThe articles say who may bind the company, for example by signing a contract.
Each director alone
deed of 13-01-2025Owners and capital
Shareholders
At incorporation
act of 13-01-2025 ↗
- SULS Dieter sole founder · 100% at incorporation
Mandate history
2 people, 1 in office
- Board
| Name | Functions and periods |
|---|---|
| SULS Dieter |
|
| Anne-Lise Belmans |
|
Network & group
studio systema shares no director with another company.
Companies at the same address
1 other companyConnections & network
1 current directorThe network starts from the directors of studio systema. Every other company they run is a node.
This company
Company
Director
Shareholding
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Timeline
Acts, filings and financial milestones
2026
27-04
micro format · 95 days before the deadline
2025
01-04
Gazette deed
Resignation: Anne-Lise Belmans (director)2 points ▸
Gazette deed
Resignation: Anne-Lise Belmans (director)
2 points ▸
- General meeting, 14-03-2025
- Director resignation, Anne-Lise Belmans (director)
13-02
Gazette deed
Appointment: Anne-Lise Belmans (director)2 points ▸
Gazette deed
Appointment: Anne-Lise Belmans (director)
2 points ▸
- General meeting, 14-01-2025
- Director appointment, Anne-Lise Belmans (director)
13-01
Gazette deed
IncorporationAppointment: SULS Dieter (director) · Founder · Registered office clause4 points ▸
Gazette deed
Incorporation
Appointment: SULS Dieter (director) · Founder · Registered office clause4 points ▸
- Incorporation, 08-01-2025
- Founder, SULS Dieter
- Registered office clause, “2440 Geel, Bel 91” (deed in Dutch)
- Director appointment, SULS Dieter (director (not named in the articles))
Gazette deedNBB filing
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordName
studio systema in Dutch
Enterprise number
1018.500.493
Legal form
Private limited company
Status
Active, normale toestand
Founded
09-01-2025
Entity type
Legal entity
DurationMost companies exist for an unlimited period, until they are dissolved.
Unlimited
deed of 13-01-2025 (in Dutch)Registered office clauseThe articles name the region of the registered office. The language of official documents depends on that region, among other things.
“Vlaams Gewest”
deed of 13-01-2025 (in Dutch)Registered office and establishments
Registered office
Bel 91, 2440 Geel, Belgium
Establishment unit
studio systema, Bel 91, 2440 Geel since 09-01-2025 · unit number 2.369.343.378
Activities
NACEBEL 202571111
Activities of building architects main activity
PurposeThe purpose describes the activities the company may carry out under its articles.
deed of 13-01-2025 (in Dutch)
“Verrichten van alle handelingen welke rechtstreeks of onrechtstreeks in verband staan met haar voorwerp; Het uitvoeren van studies en…”
39 activities
- Verrichten van alle handelingen welke rechtstreeks of onrechtstreeks in verband staan met haar voorwerp
- Het uitvoeren van studies en ontwerpen van stabiliteit, studies rond energie en technieken
- Het uitvoeren van expertises
- Het voeren van opdrachten voorbehouden voor personen gemachtigd om het beroep van architect uit te oefenen
- De opdrachten worden uitgevoerd in naam en voor rekening van de architectenvennootschap
- De uitbating van een onderneming voor onroerende goederen, meer bepaald het verwerven, vervreemden, beheren, uitbaten, verkavelen, huren en verhuren, het doen bouwen of verbouwen, promotie van onroerende goederen, evenals alle transacties en verrichtingen in onroerende goederen in de brede zin. Dit als bijkomend voorwerp zonder hier een commercieel doel na te streven
- Het aanleggen, het oordeelkundig uitbouwen en beheren van een roerend patrimonium, alle verrichtingen met betrekking tot roerende goederen en rechten, van welke aard ook, zoals het verwerven door inschrijving of aankoop en het beheren van aandelen, obligaties, kasbons of andere roerende waarden, van welke vorm ook, van Belgische of buitenlandse, bestaande of nog op te richten rechtspersonen en onderningen
- De vennootschap heeft in het algemeen de volle rechtsbekwaamheid om alle handelingen en verrichtingen te voltrekken die een rechtstreeks of onrechtstreeks verband houden met haar voorwerp of welke van die aard zouden zijn dat zij de verwezenlijking van dit voorwerp, rechtstreeks of onrechtstreeks, geheel of ten dele vergemakkelijken
- Het uitoefenen van managementactiviteiten
- Het verlenen van advies in de ruimste zin van het woord
- Alle activiteiten verbonden aan het leiden, beheren van vennootschappen, evenals het nemen van deelnemingen in andere vennootschappen
- Het uitoefenen van de functie van bestuurder, gedelegeerd bestuurder, zaakvoerder, directeur of andere leidende en uitvoerende functies, al dan niet bezoldigd in alle vormen, ook buitenlandse, in vennootschappen, verenigingen of samenwerkingsverbanden zowel in België als in het buitenland
- De vennootschap mag om het even welke activiteiten uitoefenen dewelke de verwezenlijking van haar voorwerp kunnen bevorderen
- Zij kan ook participeren in of een fusie aangaan met andere vennootschappen of ondernemingen die kunnen bijdragen tot haar ontwikkeling of deze in de hand werken
- Zij kan belangen nemen door associatie, inbreng, fusie, financiële tussenkomst of op gelijk welke andere wijze, in alle vennootschappen, verenigingen of ondernemingen met een identiek, gelijklopend of samenhangend voorwerp met het hare of die van aard kunnen zijn de ontwikkeling van haar onderneming te begunstigen of een bron van afzetten te vormen
- De vennootschap mag zich borgstellen of zakelijke zekerheden verlenen ten voordele van vennootschappen, verenigingen, ondernemingen of particulieren, in de meest ruime zin
- In zover verenigbaar met het beroep van architect opgesteld door de Orde van Architecten
- Inrichtingsadviezen, tentoonstellingen, kleur- en materiaalstudies, decoratie, decors
- Vervaardiging van alle noodzakelijke schetsen, tekeningen, werktekeningen, documenten, maquettes, presentatiedossiers, fotomontages
- Space planning
- Projectmanagement, directievoering
- Toezicht, werfcontroles
- Kostencalculaties, budgetbeheer
- Onderwijs, docentschap, wetenschappelijke medewerking
- Theoretische en praktijkgericht wetenschappelijk onderzoek
- Copywriting, redacteurschap
- Ontwerp en ontwikkeling van bouwkundige constructies, kunstwerken, stedenbouwkundige en landschappelijke opdrachten, op nationaal en internationaal vlak
- Burgerlijke bouwkunde
- Landschapsarchitectuur, tuin- en landschapsinrichting
- Stedenbouwkundige opdrachten
- Adviezen van technische aard
- Vervaardiging van alle noodzakelijke schetsen, tekeningen, werktekeningen, documenten, maquettes, presentatiedossiers, fotomontages, computervisualisaties
- Projectmanagement, directievoering
- Toezicht, werfcontroles, expertises
- Veiligheidscoördinator
- EPB – verslaggeving in toepassing van de regelgeving inzake energieprestaties en binnenklimaat
- Kostencalculaties, budgetbeheer
- Onderwijs, docentschap, wetenschappelijke medewerking
- Theoretische en praktijkgericht wetenschappelijk onderzoek
Invoicing and payment
VAT number
BE 1018.500.493
Financial year and general meeting
Accounts at the NBBFinancial year end
31-12
Annual meetingThe shareholders approve the annual accounts, among other things, at the annual meeting.
First Friday of June at 20:00
deed of 13-01-2025 (in Dutch)Sites & property
Location
Buildings and parcels at the address
Ground area
1,230 m²
Building footprint
166 m²
Building volume
893 m³
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 13008I1257/00S000 | Flanders | 1,230 m² | 1 · 166 m² | 7.2 m · 2 |