Equity
Equity fell by 46% in 2 years.
Equity fell by 46% in 2 years.
The 2025 and 2026 financial years closed with a loss. 2025 was the heaviest.
Green is investment, beige is depreciation.
Short-term debts fell from €27,722 to €15,213.
Three of the last ten came late. The 2020 accounts came latest: 5 days after the end of the period.
Lower net result than 95% of companies in advertising and market research. Sector median €16,436 · 288 companies.
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).
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).
In July 2024, 5,831 companies had the same profile as STUDIO TURQUOISE has now. Each dot stands for 15 companies, two years later.
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.
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.
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.
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.
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.
| 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.
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.
Higher than 84% of 8,615 companies in 2025.
Higher than 85% of 8,291 companies in 2025.
Higher than 8% of 8,400 companies in 2025.
| Line | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Balance sheet: assets | ||||||||||||||||||||||
20/58 |
136,153 | 196,151 | 237,438 | 241,859 | 215,289 | 193,412 | 173,564 | 146,050 | 149,001 | 109,995 | 69,897 | 61,344 | 16,510 | 17,493 | 16,679 | 7,907 | 23,707 | 33,836 | 70,645 | 41,607 | 61,176 | |
21/28 |
930 | 370 | 1,179 | 2,564 | 4,028 | 2,590 | 7,324 | 10,522 | 13,317 | 16,439 | 1,838 | 370 | 370 | 370 | 752 | 2,141 | 1,017 | 5,439 | 4,942 | 6,234 | 4,449 | |
22/27 |
410 | - | 809 | 2,194 | 3,658 | 2,220 | 6,954 | 10,152 | 12,947 | 16,069 | 1,468 | - | - | - | 382 | 1,771 | 1,017 | 3,928 | 3,430 | 5,422 | 3,637 | |
23 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 509 | 1,017 | 3,678 | 2,826 | 5,075 | 3,048 | |
24 |
410 | - | 809 | 2,194 | 3,658 | 2,220 | 6,954 | 10,152 | 12,947 | 16,069 | 1,468 | - | - | - | 382 | 1,262 | - | 250 | 604 | 347 | 589 | |
28 |
520 | 370 | 370 | 370 | 370 | 370 | 370 | 370 | 370 | 370 | 370 | 370 | 370 | 370 | 370 | 370 | - | 1,511 | 1,512 | 812 | 812 | |
29/58 |
135,223 | 195,781 | 236,259 | 239,295 | 211,261 | 190,822 | 166,240 | 135,528 | 135,685 | 93,556 | 68,059 | 60,974 | 16,140 | 17,123 | 15,927 | 5,766 | 22,690 | 28,397 | 65,703 | 35,373 | 56,727 | |
40/41 |
8,233 | 11,647 | 9,854 | 9,974 | 11,108 | 12,360 | 13,970 | 20,160 | 16,417 | 14,946 | 7,822 | 23,400 | 4,694 | 11,349 | 8,790 | 4,088 | 21,462 | 20,066 | 51,393 | 13,547 | 50,995 | |
40 |
8,142 | 10,945 | 9,713 | 9,974 | 11,108 | 12,360 | 13,970 | 18,056 | 15,504 | 13,989 | 7,822 | 23,400 | 4,694 | 11,349 | 8,790 | 3,828 | 21,462 | 20,066 | 51,393 | 12,261 | 40,716 | |
41 |
91 | 703 | 140 | - | - | - | - | 2,104 | 913 | 957 | - | - | - | - | - | 260 | - | - | - | 1,286 | 10,279 | |
54/58 |
126,815 | 183,283 | 225,492 | 228,466 | 198,842 | 176,724 | 150,898 | 113,595 | 117,639 | 77,351 | 60,237 | 37,574 | 11,446 | 5,774 | 7,137 | 1,678 | 1,228 | 8,331 | 14,310 | 21,826 | 5,732 | |
490/1 |
176 | 850 | 914 | 855 | 1,311 | 1,737 | 1,372 | 1,772 | 1,629 | 1,260 | - | - | - | - | - | - | - | - | - | - | - | |
| Balance sheet: equity and liabilities | ||||||||||||||||||||||
10/49 |
136,153 | 196,151 | 237,438 | 241,859 | 215,289 | 193,412 | 173,564 | 146,050 | 149,001 | 109,995 | 69,897 | 61,344 | 16,510 | 17,493 | 16,679 | 7,907 | 23,707 | 33,836 | 70,645 | 41,607 | 61,176 | |
10/15 |
120,940 | 168,429 | 223,134 | 212,003 | 189,972 | 167,827 | 139,120 | 114,883 | 86,095 | 71,673 | 46,923 | 25,418 | -11,076 | -9,990 | -13,578 | 4,440 | 20,345 | 21,323 | 22,361 | -36,042 | -23,559 | |
10/11 |
18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | - | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | |
100 |
- | - | - | - | - | - | - | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | 18,592 | |
11 |
- | - | - | - | - | 18,592 | 18,592 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
1100/10 |
- | - | - | - | - | 18,592 | 18,592 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
13 |
95,021 | 145,021 | 180,021 | 168,890 | 146,859 | 146,859 | 116,859 | 95,859 | 66,859 | 52,859 | 27,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | |
130/1 |
1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
130 |
- | - | - | - | - | - | - | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | |
1319 |
1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | 1,859 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
133 |
93,162 | 143,162 | 178,162 | 167,031 | 145,000 | 145,000 | 115,000 | 94,000 | 65,000 | 51,000 | 26,000 | - | - | - | - | - | - | - | - | - | - | |
14 |
7,327 | 4,816 | 24,521 | 24,521 | 24,521 | 2,376 | 3,669 | 432 | 644 | 222 | 472 | 4,967 | -31,527 | -30,441 | -34,029 | -16,011 | -106 | 872 | 1,910 | -56,493 | -44,010 | |
17/49 |
15,213 | 27,722 | 14,305 | 29,856 | 25,317 | 25,585 | 34,444 | 31,167 | 62,906 | 38,322 | 22,974 | 35,926 | 27,586 | 27,483 | 30,257 | 3,467 | 3,362 | 12,513 | 48,284 | 77,649 | 84,735 | |
17 |
- | - | - | - | - | - | - | 2,260 | 6,075 | 9,816 | - | - | - | - | - | - | - | - | 18,592 | 18,592 | - | |
170/4 |
- | - | - | - | - | - | - | 2,260 | 6,075 | 9,816 | - | - | - | - | - | - | - | - | - | - | - | |
178/9 |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 18,592 | 18,592 | - | |
42/48 |
15,213 | 27,722 | 14,305 | 29,856 | 25,317 | 25,585 | 34,444 | 28,907 | 56,831 | 28,507 | 22,974 | 35,926 | 27,586 | 27,483 | 30,257 | 3,467 | 3,362 | 12,513 | 29,692 | 59,057 | 84,735 | |
42 |
- | - | - | - | - | - | 2,260 | 7,159 | 3,740 | 3,667 | - | - | - | - | - | - | - | - | - | - | - | |
44 |
755 | 21,623 | 884 | 1,467 | 6,575 | 1,484 | 13,145 | 11,548 | 9,542 | 4,440 | 1,729 | 21,270 | 2,781 | 5,015 | 5,506 | 1,198 | 742 | 5,159 | 2,588 | 2,490 | 15,327 | |
440/4 |
755 | 21,623 | 884 | 1,467 | 6,575 | 1,484 | 13,145 | 11,548 | 9,542 | 4,440 | 1,729 | 21,270 | 2,781 | 5,015 | 5,506 | 1,198 | 742 | 5,159 | 2,588 | 2,490 | 15,327 | |
45 |
3,614 | 2,279 | 8,438 | 13,440 | 12,628 | 14,663 | 18,545 | 9,428 | 23,955 | 20,400 | 12,881 | 4,878 | 1,880 | 1,426 | 1,948 | 2,269 | 2,620 | 7,354 | 20,653 | - | 479 | |
450/3 |
3,614 | 2,279 | 8,438 | 13,440 | 10,344 | 12,526 | 9,792 | 6,598 | 23,955 | 20,400 | 12,881 | 4,878 | 1,880 | 1,426 | 1,948 | 2,269 | 2,620 | 7,354 | 20,653 | - | 479 | |
454/9 |
- | - | - | - | 2,284 | 2,137 | 8,753 | 2,831 | - | - | - | - | - | - | - | - | - | - | - | - | - | |
47/48 |
10,843 | 3,821 | 4,982 | 14,949 | 6,113 | 9,438 | 494 | 771 | 19,594 | - | 8,364 | 9,778 | 22,925 | 21,042 | 22,803 | - | - | - | 6,451 | 56,567 | 68,929 | |
| Income statement | ||||||||||||||||||||||
70 |
7,850 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 135,875 | 73,041 | 79,552 | |
76A |
6,023 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
9900 |
-45,636 | -63,129 | 19,538 | 34,894 | 32,620 | 51,649 | 39,054 | 48,699 | 55,604 | 44,393 | 34,879 | 40,626 | -489 | 4,492 | -15,802 | -13,816 | 6,512 | 28,345 | 70,053 | -8,355 | -13,843 | |
60/61 |
62,122 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 67,227 | 81,396 | 93,395 | |
630 |
131 | 809 | 1,384 | 1,464 | 1,640 | 5,255 | 5,668 | 4,533 | 5,175 | 4,568 | 734 | - | - | 382 | 1,389 | 1,389 | 1,065 | 2,900 | 2,741 | 2,455 | 6,879 | |
631/4 |
- | -10,945 | 272 | 1,080 | 1,328 | 1,600 | 1,336 | 1,056 | 4,273 | - | - | - | - | - | - | - | - | - | - | - | - | |
640/8 |
524 | 387 | 434 | 348 | 348 | 348 | 348 | 784 | 473 | 585 | 466 | 456 | 443 | 347 | 517 | 437 | 3,808 | 437 | 436 | 552 | 571 | |
9901 |
-46,291 | -53,381 | 17,447 | 32,003 | 29,305 | 44,446 | 31,703 | 42,326 | 45,684 | 39,241 | 33,679 | 40,170 | -932 | 3,763 | -17,708 | -15,642 | 1,639 | 25,008 | 66,876 | -11,362 | -21,293 | |
75/76B |
808 | 1,308 | 613 | 6 | 1 | 1 | 8 | 2 | 1 | 22 | 91 | 1 | 3 | 18 | 6 | 22 | 192 | 189 | 79 | - | - | |
75 |
808 | 1,308 | 613 | 6 | 1 | 1 | 8 | 2 | 1 | 22 | 91 | 1 | 3 | 18 | 6 | 22 | 192 | 189 | 79 | - | - | |
65/66B |
1,855 | 2,470 | 2,014 | 223 | 216 | 180 | 276 | 392 | 468 | 480 | 184 | 205 | 157 | 193 | 316 | 312 | 210 | 765 | 2,261 | 1,121 | 1,781 | |
65 |
1,855 | 2,470 | 2,014 | 223 | 216 | 180 | 276 | 392 | 468 | 480 | 184 | 205 | 157 | 193 | 316 | 312 | 210 | 765 | 2,261 | 1,121 | 1,781 | |
9903 |
-47,337 | -54,543 | 16,046 | 31,786 | 29,089 | 44,267 | 31,435 | 41,936 | 45,217 | 38,783 | 33,586 | 39,966 | -1,086 | 3,588 | -18,018 | -15,932 | 1,621 | 24,432 | 64,694 | -12,483 | -23,074 | |
67/77 |
152 | 162 | 4,916 | 9,755 | 6,944 | 8,537 | 7,198 | 13,149 | 6,794 | 14,033 | 12,081 | 3,472 | - | - | - | -27 | 2,599 | 1,470 | 6,291 | - | 3,144 | |
9904 |
-47,489 | -54,705 | 11,131 | 22,031 | 22,145 | 35,729 | 24,237 | 28,788 | 38,423 | 24,750 | 21,505 | 36,494 | -1,086 | 3,588 | -18,018 | -15,905 | -978 | 22,962 | 58,403 | -12,483 | -26,218 | |
9905 |
-47,489 | -54,705 | 11,131 | 22,031 | 22,145 | 35,729 | 24,237 | 28,788 | 38,423 | 24,750 | 21,505 | 36,494 | -1,086 | 3,588 | -18,018 | -15,905 | -978 | 22,962 | 58,403 | -12,483 | -26,218 | |
| Appropriation of the result | ||||||||||||||||||||||
9906 |
-42,673 | -30,184 | 35,652 | 46,552 | 24,521 | 39,399 | 24,669 | 29,432 | 38,644 | 25,222 | 26,472 | 4,967 | -31,527 | -30,441 | -34,029 | -16,011 | -106 | 24,872 | 1,910 | -56,493 | -44,010 | |
14P |
4,816 | 24,521 | 24,521 | 24,521 | 2,376 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
791/2 |
50,000 | 35,000 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
691/2 |
- | - | 11,131 | 22,031 | - | 30,000 | 21,000 | 29,000 | 14,000 | 25,000 | 26,000 | - | - | - | - | - | - | - | - | - | - | |
6920 |
- | - | 11,131 | 22,031 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | |
6921 |
- | - | - | - | - | 30,000 | 21,000 | 29,000 | 14,000 | 25,000 | 26,000 | - | - | - | - | - | - | - | - | - | - | |
694/7 |
- | - | - | - | - | 7,023 | - | - | 24,000 | - | - | - | - | - | - | - | - | 24,000 | - | - | - | |
694 |
- | - | - | - | - | - | - | - | 2,400 | - | - | - | - | - | - | - | - | 12,000 | - | - | - | |
695 |
- | - | - | - | - | 7,023 | - | - | 21,600 | - | - | - | - | - | - | - | - | 12,000 | - | - | - | |
| Document | ||||||||||||||||||||||
The accounts for 9 older financial years (1997-2005) were filed as documents without figures as data, scans for example.
The notes to these accounts have 7 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2026 at the NBB, filed on 22-09-2026.
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-03-2026 | micro format | 22-09-2026 | 2026-00518929 | |
| 31-03-2025 | micro format | 03-10-2025 | 2025-00527701 | |
| 31-03-2024 | micro format | 30-10-2024 | 2024-00522489 | |
| 31-03-2023 | micro format | 05-10-2023 | 2023-00477722 | |
| 31-03-2022 | micro format | 03-11-2022 | 2022-20486469 | |
| 31-03-2021 | micro format | 02-11-2021 | 2021-75300125 | |
| 31-03-2020 | micro format | 05-11-2020 | 2020-68300525 | |
| 31-03-2019 | micro format | 03-10-2019 | 2019-68000155 | |
| 31-03-2018 | micro format | 27-09-2018 | 2018-64900025 | |
| 31-03-2017 | full format | 10-10-2017 | 2017-66700186 | |
| 31-03-2016 | full format | 26-09-2016 | 2016-60900239 | |
| 31-03-2015 | full format | 30-10-2015 | 2015-65800172 | |
| 31-03-2014 | full format | 28-10-2014 | 2014-65500050 | |
| 31-03-2013 | full format | 31-10-2013 | 2013-64400514 | |
| 31-03-2012 | full format | 31-10-2012 | 2012-62300545 | |
| 31-03-2011 | full format | 29-09-2011 | 2011-55600548 | |
| 31-03-2010 | full format | 25-10-2010 | 2010-58500418 | |
| 31-03-2009 | full format | 29-10-2009 | 2009-82800396 | |
| 31-03-2008 | full format | 20-11-2008 | 2008-81700054 | |
| 31-03-2007 | full format | 25-09-2007 | 2007-73100219 | |
| 31-03-2006 | full format | 25-09-2007 | 2007-73100218 | |
| 31-03-2005 | full format | 30-09-2005 | 2005-78804967 | |
| 31-03-2004 | full format | 16-12-2004 | 2004-86002790 | |
| 31-03-2003 | full format | 05-11-2003 | 2003-78101847 | |
| 31-03-2002 | full format | 14-11-2002 | 2002-71701065 | |
| 31-03-2001 | full format | 31-10-2001 | 2001-67501410 | |
| 31-03-2000 | full format | 22-09-2000 | 2000-58004141 | |
| 31-03-1999 | full format | 05-11-1999 | 1999-57400409 | |
| 31-03-1998 | full format | 16-10-1998 | 1998-53500040 | |
| 31-03-1997 | full format | 30-09-1997 | 1997-46103910 |
| Line | Trend | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -46,160 | -52,572 | 18,832 | 33,467 | 30,945 | 49,701 | 37,371 | 46,860 | 50,859 | 43,809 | 34,413 | - | - | 4,145 | -16,319 | -14,253 | 2,704 | 27,908 | 69,617 | -8,907 | -14,414 | ||
| -47,358 | -53,895 | 12,515 | 23,495 | 23,785 | 40,984 | 29,905 | 33,321 | 43,598 | 29,318 | 22,239 | - | - | 3,970 | -16,629 | -14,516 | 87 | 25,862 | 61,144 | -10,028 | -19,339 | ||
| 691 | 0 | 0 | 0 | 3,077 | 521 | 2,470 | 1,739 | 2,053 | 19,169 | 2,202 | - | - | 0 | 0 | 2,513 | 16,596 | 3,398 | 5,688 | 4,240 | 3,181 | ||
| -56,468 | -42,208 | -2,975 | 29,624 | 22,118 | 25,826 | 37,303 | -4,043 | 40,288 | 17,114 | 22,663 | 26,128 | 5,672 | -1,363 | 5,459 | 450 | -7,103 | -5,979 | -7,516 | 16,094 | - | ||
| 120,010 | 168,059 | 221,954 | 209,439 | 185,945 | 165,237 | 131,796 | 106,621 | 78,854 | 65,050 | 45,085 | 25,048 | -11,446 | -10,360 | -14,330 | 2,299 | 19,328 | 15,884 | 36,011 | -23,684 | -28,008 | ||
| - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 49.2% | -15.6% | -26.8% | ||
| 88.8% | 85.9% | 94.0% | 87.7% | 88.2% | 86.8% | 80.2% | 78.7% | 57.8% | 65.2% | 67.1% | 41.4% | -67.1% | -57.1% | -81.4% | 56.2% | 85.8% | 63.0% | 31.7% | -86.6% | -38.5% | ||
| 8.89 | 7.06 | 16.52 | 8.01 | 8.34 | 7.46 | 4.83 | 4.69 | 2.39 | 3.28 | 2.96 | 1.70 | 0.59 | 0.62 | 0.53 | 1.66 | 6.75 | 2.27 | 2.21 | 0.60 | 0.67 | ||
| 0.13 | 0.16 | 0.06 | 0.14 | 0.13 | 0.15 | 0.25 | 0.27 | 0.73 | 0.53 | 0.49 | 1.41 | - | - | - | 0.78 | 0.17 | 0.59 | 2.16 | - | - | ||
| -39.3% | -32.5% | 5.0% | 10.4% | 11.7% | 21.3% | 17.4% | 25.1% | 44.6% | 34.5% | 45.8% | 143.6% | - | - | - | -358.2% | -4.8% | 107.7% | 261.2% | - | - | ||
| -34.9% | -27.9% | 4.7% | 9.1% | 10.3% | 18.5% | 14.0% | 19.7% | 25.8% | 22.5% | 30.8% | 59.5% | -6.6% | 20.5% | -108.0% | -201.2% | -4.1% | 67.9% | 82.7% | -30.0% | -42.9% | ||
| -24.89 | -21.29 | 9.35 | over 100 | over 100 | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | ||
| 379 days | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 138 days | 61 days | 187 days | ||
| 4 days | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 14 days | 11 days | 60 days |
EBIT margin. Not meaningful: turnover is only a small part of operating income.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 31-03-2026 | 31-03-2025 | 31-03-2024 | 31-03-2023 | 31-03-2022 |
|---|---|---|---|---|---|
| Tangible fixed assets | €541 | - | - | - | €3,077 |
| Financial fixed assets | €150 | - | - | - | - |
| €131 | €809 | €1,384 | €1,464 | €1,640 |
Source: notes to the 2022 to 2026 annual accounts (statement of fixed assets)
The operating result for 2026 is a loss of €46,291, smaller than the loss of €53,381 in 2025.
Debt's share of the balance-sheet total falls from 14.1% to 11.2%. Equity and debt are lower.
STUDIO TURQUOISE has no parent and no holdings in its annual accounts. GUIOT LAURENT is the only director. STUDIO TURQUOISE shares no director with another company.
| elders architectuur
registered office since 12-01-2025 · founded in 2025 · negative equity (2025) |
total assets €55,985 (2025) 1018.596.703 |
| Père, Guillaume (sole trader)
establishment since 01-11-2007 |
founded in 2007 0892.704.856 |
| International Commercial Transaction
registered office since 01-02-1982 |
founded in 1982 0422.522.793 |
| Management Group Europe
registered office since 17-06-1972 |
founded in 1972 0412.481.612 |
| Etablissements Dyckerhoff
establishment since 01-10-1969 |
founded in 1969 0406.118.313 |
| A.C.P. AV JUPITER 131
registered office since 01-10-1961 |
founded in 1961 0850.062.369 |
Deadline for the 2027 accounts: 31-10-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Since | Unit number |
|---|---|---|
| Jupiterlaan 131 registered office 1190 Forest | ||
| de Huldenbergstraat 1 1180 Uccle 3299007 Other manufacturing not elsewhere classified | 21-11-1995 | 2.073.976.794 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 21383B0032/02M003 | 541 m² | 1 · 280 m² | 29.3 m · 9 |
| 21616G0143/00C008 | 279 m² | 1 · 122 m² | 12.8 m · 4 |
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