Equity
€120,940 from €223,134 in 2024
Equity fell by 46% in 2 years.
STUDIO TURQUOISE
Lifetime
21 annual accounts with figures on one time axis, 30 filings since 1997peak €70,053 (2008)
-€45,636▲ €17,493
lowest -€54,705 (2025)
-€47,489▲ €7,216
peak €223,134 (2024)
€120,940▼ 28.2%
€15,213▼ 45.1%
Board1 name since 2022
1 directorGUIOT LAURENT
Documentsfilings and deeds
22-09-202639 days before the deadline
2026micro format
Gross margin from -€63,129 to -€45,636Loss of €47,489Equity from €168,429 to €120,940Debts from €27,722 to €15,213Investments €691Cash from €183,283 to €126,815
Key points
from the 2026 annual accountsLosses
-€102,193 in two years
The 2025 and 2026 financial years closed with a loss. 2025 was the heaviest.
Investments
€541 4.1 × depreciation
Green is investment, beige is depreciation.
Liquidity
8.89 was 7.06 in 2025
Short-term debts fell from €27,722 to €15,213.
Filings
30 annual accounts since 1997
Three of the last ten came late. The 2020 accounts came latest: 5 days after the end of the period.
Position in the sector
-€47,489
Lower net result than 95% of companies in advertising and market research. Sector median €16,436 · 288 companies.
Checked score
94
Excellent
Financially stronger than 52% of micro companies in advertising and market research (NACE 73)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 11,231 companies (NACE 73, micro).
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: < 0.1%
01-2025: < 0.1%● unchanged vs 12-2024
02-2025: < 0.1%● unchanged vs 01-2025
03-2025: < 0.1%● unchanged vs 02-2025
04-2025: < 0.1%● unchanged vs 03-2025lowest value
05-2025: < 0.1%● unchanged vs 04-2025lowest value
06-2025: < 0.1%● unchanged vs 05-2025lowest value
07-2025: < 0.1%● unchanged vs 06-2025
08-2025: < 0.1%● unchanged vs 07-2025
09-2025: < 0.1%● unchanged vs 08-2025
10-2025: < 0.1%● unchanged vs 09-2025
11-2025: 0.1%▲ +0.1 percentage points vs 10-2025highest value
12-2025: 0.1%● unchanged vs 11-2025highest value
01-2026: 0.1%● unchanged vs 12-2025highest value
02-2026: 0.1%● unchanged vs 01-2026highest value
03-2026: 0.1%● unchanged vs 02-2026highest value
04-2026: 0.1%● unchanged vs 03-2026
05-2026: 0.1%● unchanged vs 04-2026
06-2026: 0.1%● unchanged vs 05-2026
07-2026: 0.1%● unchanged vs 06-2026
08-2026: 0.1%● unchanged vs 07-2026
09-2026: 0.1%● unchanged vs 08-2026
10-2026: 0.1%● unchanged vs 09-2026
11-2026: 0.1%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Loss of €47,489, the second in a row (financial year 2026)
lowers risk
Liquidity: current ratio 8.89, cash €126,815
Equity €120,940 (88.8% of total assets)
Size: turnover €7,850, total assets €136,153
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 73, micro). It does better than 87% of them on solvency, 93% on liquidity, 6% on profitability and 20% on growth.
The bankruptcy probability was computed on 10-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-03-2026.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% went bankrupt within twelve months.
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).
Comparable companies, two years later
In July 2024, 5,831 companies had the same profile as STUDIO TURQUOISE has now. Each dot stands for 15 companies, two years later.
84.5%
were still trading
13.4%
stopped another way
1.7%
went bankrupt
Another 0.4% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of STUDIO TURQUOISE itself is lower: 0.1% within 12 months. It rests on far more data about STUDIO TURQUOISE than the profile alone.
Test of the method
The method was tested on the 497,447 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 5,831 companies, not a prediction for STUDIO TURQUOISE. 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.
Credit verdict
Credit of up to €500 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 8.89 (7.06 in 2025), above the usual 1.5. Short-term debt is 11.2% and cash 93.1% of total assets. 11.2% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises riskneutral
raises risk · Persistent losses
Two consecutive loss-making years (2025 and 2026); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2026Net result per financial year
1920212223242526
2019 to 2026 · latest year -€47,489
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2026 was due by 31-10-2026 and was filed on 22-09-2026, 39 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2026
39 days early
2025
28 days early
2024
1 day early
2023
26 days early
2022
3 days late
2021
2 days late
2020
5 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 12 days before the deadline. In the sector (NACE 73), the median for financial year 2024 was 6 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-03-2027 and is due by 31-10-2027. Nothing is late today. The company usually files around 5 October (5 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
11-11-2026 today31-03-2027 year end31-10-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0456350653
First establishment
de Huldenbergstraat 1, Uccle
Incorporation
published on 17-11-1995 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| STUDIO TURQUOISE Forest | €136,153 | -€45,636 | 88.8% | - |
| Eureka Conseils Forest | €136,830 | -€5,387 | 77.4% | - |
| MIXUP Anderlecht | €125,396 | -€6,141 | 63.7% | - |
| "ENTRE RÊVES ET RÉALITÉ" en néerlandais "TUSSEN DROMEN EN WERKELIJKHEID" en anglais “DREAMS AND REALITY” en italien “TRA SOGNI E REALTÀ” Koekelberg | €116,581 | -€14,555 | 38.9% | - |
| DIMENSIONS Ixelles | €163,557 | -€49,200 | 76.1% | - |
| GROMM Jette | €159,059 | -€40,324 | 99.3% | - |
| B. ART IN MOTION Jette | €128,929 | -€10,423 | 44.7% | - |
These companies have the same main activity as STUDIO TURQUOISE: advertising agencies (NACE 73110). They are comparable in size and age: total assets between €117,000 and €164,000, founded between 1993 and 2000.
Official details
Source: KBO- Status
- Active since 27-10-1995Normal situation
- Activity
- Advertising agenciesNACE 73110
- Establishment unit
- 2.073.976.7941180 Uccle, since 21-11-1995
- Financial year end
- 31 March
- Peppol
- Reachable since 24-06-2026
Annual accounts to 31-03-2026
- €136,153▼ 30.6%
- Filing
- Filed on 22-09-2026, 39 days before the end of the filing period
Insights on STUDIO TURQUOISE
STUDIO TURQUOISE files the micro format. That format states no turnover. The gross margin fell from -€13,843 in 2006 to -€45,636 in 2026.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about STUDIO TURQUOISE
- What is the company number of STUDIO TURQUOISE?
- The company number of STUDIO TURQUOISE is 0456.350.653. The VAT number is the same number with BE in front: BE 0456.350.653.
- Where is STUDIO TURQUOISE based?
- The registered office is at Jupiterlaan 131, 1190 Forest.Company details
- What does STUDIO TURQUOISE do?
- According to the KBO register, the main activity is advertising agencies (NACE 73110).
- What is the legal form of STUDIO TURQUOISE?
- STUDIO TURQUOISE is a private limited company (pre-2019) (BVBA).
- When was STUDIO TURQUOISE founded?
- STUDIO TURQUOISE was founded on 27-10-1995.
- Is STUDIO TURQUOISE still active?
- Yes, STUDIO TURQUOISE is an active enterprise in the KBO register.
- What is the turnover of STUDIO TURQUOISE?
- The turnover of STUDIO TURQUOISE was €7,850 in financial year 2026, according to the filed annual accounts.Financials
- Is STUDIO TURQUOISE profitable?
- In financial year 2026, STUDIO TURQUOISE made a loss of €47,489.
- Where can I find the annual accounts of STUDIO TURQUOISE?
- STUDIO TURQUOISE filed 30 annual accounts with the National Bank of Belgium, the latest for financial year 2026.
- When are the next annual accounts of STUDIO TURQUOISE due?
- STUDIO TURQUOISE must file the annual accounts for financial year 2027 by 31-10-2027.Timeline
Next steps
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