STUDIO TEO
ActiveSummary
STUDIO TEO has been active since 2023 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€61,301) and a net result of -€1,792. Its solvency ranks better than 9% of 423 sector peers (NACE 23, financial year 2025). The computed 12-month bankruptcy probability is 1.2% (low).
Overview
- Equity
- -€61,301
- Loss
- -€1,792
Why 54raises riskCapped at 59: negative equity1 change of registered office in 24 monthsNegative equity -€61,301lowers riskSector: Manufacture of other non-metallic mineral products (NACE 23)Size: total assets €278,017Show the evidence
Checked score
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 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 23, micro): better than 6% on solvency, 49% on liquidity, 24% on profitability and 28% on growth.
The bankruptcy probability was computed on 26-10-2026 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. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 2 accounts on average 20 days before the deadline; the sector median (NACE 23) for financial year 2024 is 10 days before the deadline, and 34% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Annual accounts filedfinancial year 2024 · micro…
- Resignation: Frank Hallemans (director)Appointment: Elisabeth Joossen (director) ·…
Financials · financial year 2025, micro format
2024 to 2025, 2 financial years
The operating result returns to profit in 2025: €9,603 after a loss of €56,976 in 2024.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 23, Manufacture of other non-metallic mineral products: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 1,555 companies that looked in July 2024 the way this one looks now, 4.6% went bankrupt within 24 months and 91.6% are still going.
- Micro
- 2 to 5 years old
- negative equity
- a small loss
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.2% 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%.
| 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 1,555 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.
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €40,957 | €22,208 | ▼ 45.8% |
| Other operating charges640/8 | €4,460 | €5,064 | ▲ 13.5% |
| Gross operating margin9900 | -€11,558 | €36,875 | - |
| Operating profit (loss)9901 | -€56,976 | €9,603 | - |
| Financial income75/76B | €99 | €9 | ▼ 91.0% |
| Recurring financial income75 | €99 | €9 | ▼ 91.0% |
| Financial charges65/66B | €7,632 | €11,404 | ▲ 49.4% |
| Recurring financial charges65 | €7,632 | €11,404 | ▲ 49.4% |
| Profit (loss) for the period before taxes9903 | -€64,509 | -€1,792 | ▲ 97.2% |
| Profit (loss) for the period9904 | -€64,509 | -€1,792 | ▲ 97.2% |
| Profit (loss) for the period to be appropriated9905 | -€64,509 | -€1,792 | ▲ 97.2% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €310,105 | €278,017 | ▼ 10.3% |
| Fixed assets21/28 | €284,542 | €263,430 | ▼ 7.4% |
| Tangible fixed assets22/27 | €284,542 | €263,430 | ▼ 7.4% |
| Land and buildings22 | €264,647 | €245,631 | ▼ 7.2% |
| Plant, machinery and equipment23 | €19,894 | €17,799 | ▼ 10.5% |
| Current assets29/58 | €25,563 | €14,588 | ▼ 42.9% |
| Stocks and contracts in progress3 | €238 | €46 | ▼ 80.5% |
| Stocks30/36 | €238 | €46 | ▼ 80.5% |
| Amounts receivable within one year40/41 | €10,919 | €1,447 | ▼ 86.8% |
| Trade receivables40 | €10,919 | €1,447 | ▼ 86.8% |
| Cash at bank and in hand54/58 | €14,351 | €12,340 | ▼ 14.0% |
| Deferred charges and accrued income490/1 | €55 | €755 | ▲ 14× |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €310,105 | €278,017 | ▼ 10.3% |
| Equity10/15 | -€59,509 | -€61,301 | ▼ 3.0% |
| Contributions10/11 | €5,000 | €5,000 | = |
| Profit (loss) carried forward14 | -€64,509 | -€66,301 | ▼ 2.8% |
| Amounts payable17/49 | €369,613 | €339,318 | ▼ 8.2% |
| Amounts payable after more than one year17 | €302,614 | €290,033 | ▼ 4.2% |
| Financial debts170/4 | €302,614 | €290,033 | ▼ 4.2% |
| Amounts payable within one year42/48 | €60,559 | €46,190 | ▼ 23.7% |
| Current portion of amounts payable after more than one year42 | €14,404 | €14,766 | ▲ 2.5% |
| Trade debts44 | €11,978 | €146 | ▼ 98.8% |
| Suppliers440/4 | €11,978 | €146 | ▼ 98.8% |
| Taxes, remuneration and social security45 | €2,741 | €3,226 | ▲ 17.7% |
| Taxes450/3 | €2,741 | €3,226 | ▲ 17.7% |
| Other amounts payable47/48 | €31,437 | €28,053 | ▼ 10.8% |
| Accrued charges and deferred income492/3 | €6,440 | €3,095 | ▼ 51.9% |
| Line | 2024 | 2025 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | -€64,509 | -€1,792 | ▲ 97.2% |
| + Depreciation and write-downs630 | €40,957 | €22,208 | ▼ 45.8% |
| Operating cash flow (approximation) | -€23,551 | €20,416 | - |
| Investment in fixed assets (approximation) | - | -€1,096 | - |
| Change in cash | - | -€2,011 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (2)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 15-07-2026 | 2026-00304166 |
| 31-12-2024 | micro format | 08-07-2025 | 2025-00248295 |
Similar companies · same sector
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Mandate history
- Board
| Name | Functions and periods |
|---|---|
| Elisabeth Joossen |
|
| Frank Hallemans |
|
Owners and capital
Capital and shareholders
- JOOSSEN Elisabeth Martha sole founder · 100% at incorporation
The Belgian Official Gazette names shareholders only when an act mentions them; the share register itself is not published.
- 19-09-2023 Incorporation · €5,000 · 100 shares
Group and network
Connections & network
1 current directorThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
27-12
Gazette deed
Resignation: Frank Hallemans (director)Appointment: Elisabeth Joossen (director) · Director discharge · Registered-office move5 facts ▸
- General meeting, 30-08-2024
- Director resignation, Frank Hallemans (director)
- Director discharge, Frank Hallemans
- Director appointment, Elisabeth Joossen (director)
- Registered-office move, Fruithoflaan 13-2600 Berchem
19-09
Gazette deed
IncorporationAppointment: HALLEMANS Frank (director) · Founder · Founding capital5 facts ▸
- Founder, JOOSSEN Elisabeth Martha
- Founding capital, €5,000
- Director appointment, HALLEMANS Frank (director)
- Registered office clause, “2610 Antwerpen,Floraliënlaan 529” (deed in Dutch)
- Other provision, “website en e-mail adres” (deed in Dutch)
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 27 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 11003A0356/00V011 | Flanders | 5,366 m² | 1 · 321 m² | 28.8 m · 9 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Het uitoefenen van consultingfuncties op onafhankelijke wijze en het verlenen van bijstand,advies,leiding en andere zakelijke…” (deed in Dutch)
11 activities (deed in Dutch)
- Het uitoefenen van consultingfuncties op onafhankelijke wijze en het verlenen van bijstand,advies,leiding en andere zakelijke dienstverlening aan bedrijven,privé-personen en instellingen;evenals op het vlak van algemeen management,marketing,human resources,productie en ontwikkeling,processing en het besturen van vennootschappen,dit alles in de meest ruime betekenis.De vennootschap kan zelf of als tussenpersoon alle hulpmiddelen verschaffen,bestuurdersfuncties waarnemen of laten waarnemen,volmachtdrager,mandataris of vereffenaar zijn en diensten verlenen die direct of indirect in verband staan met het voorgaande.Deze diensten kunnen worden geleverd krachtens een contractuele of statutaire benoeming en in de hoedanigheid van externe raadgever of orgaan van de cliënt.Ter uitvoering van haar opdrachten en voor het waarnemen van bestuursmandaten kan de vennootschap zich laten vertegenwoordigen door haar bestuurder(s) of elke andere derde vertegenwoordiger,die door de vennootschap worden afgevaardigd om op te treden in eigen naam doch voor rekening van de vennootschap.
- Het verwerven,verbeteren,uitrusten,inrichten,bezitten en beheren van onroerende goederen van alle aard;
- Het verhuren,en ter beschikking stellen onder alle vormen van alle onroerende goederen en voor alle bestemmingen;dit binnen het kader van de geldende wettelijke en bestuurlijke voorschriften;met uitsluiting van de activiteiten van vastgoedhandel.
- Het beheer van een patrimonium waar te nemen,alleen of in participatie,voor eigen rekening of voor rekening van derden,alsook alle hiervoor niet voorziene verrichtingen waartoe onroerende goederen aanleiding kunnen geven.Deze opsomming is niet beperken.
- Het vervaardigen,aankopen,verkopen,verhandelen van decoratieve artikelen,huisraad,juwelen,keramische artikelen en andere voorwerpen die ter decoratie of verfraaiing kunnen dienen,dit alles in alle soorten materialen en in de meest ruime zin.
- Het oprichten,uitbaten en organiseren van een keramiek studio.Het organiseren en aanbieden van seminaries,workshops en opleidingen in het bewerken,maken en bewerken van voorwerpen in keramiek of andere materialen.
- Het aankopen,verkopen,verhuren en leasen van apparatuur,(industriële) toestellen en ovens voor het vervaardigen van voorwerpen uit keramiek of andere materialen.
- Horeca activiteiten in de meest ruime zin,waaronder maar niet beperkt tot het aanbieden,verkopen en verdelen van dranken,versnaperingen en andere etenswaren.Het bereiden,aanbieden en serveren van gerechten.Deze opsomming is louter exemplatief.
- Uitsluitend in eigen naam en voor eigen rekening:het aanleggen,het oordeelkundig uitbouwen en beheren van een onroerend vermogen;alle verrichtingen,al dan niet onder het stelsel van de BTW,met betrekking tot onroerende goederen en onroerende zakelijke rechten,zoals de aan-en verkoop,de bouw,de verbouwing,de binnenshuisinrichting en decoratie,de huur-en verhuur,de ruil,de verkaveling en,in het algemeen,alle verrichtingen die rechtstreeks of onrechtstreeks betrekking hebben op het beheer of op het productief maken van onroerende goederen of onroerende zakelijke rechten;
- Uitsluitend in eigen naam en voor eigen rekening:het aanleggen,het oordeelkundig uitbouwen en beheren van een roerend vermogen;alle verrichtingen met betrekking tot roerende goederen en rechten,van welke aard ook,zoals de aan-en verkoop,de huur-en verhuur,de ruil;in het bijzonder het beheer en de valorisatie van alle verhandelbare waardepapieren,aandelen,obligaties,staatsfondsen;
- Uitsluitend in eigen naam en voor eigen rekening:het aangaan en verstrekken van leningen,kredieten,financieringen en het aangaan van leasingcontracten,in het kader van de bovenvermelde doelstellingen.
- Name clauseThe name the company operates under according to its articles.
- STUDIO TEO
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaamse gewest” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “7. Bepalingen inzake de externe vertegenwoordiging. De vennootschap is verbonden door de handelingen van het bestuursorgaan en van de…”
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Last Friday of June at 18:00