Financials
- Fiscal year
- 2025
- Total assets
- €1.7m
- Profit
- €162,306
- Solvency
- 47.9%
Total assets▼ 4.2%
Net result
20182025
Studio Vandersteen
ActiveSummary
Studio Vandersteen has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €831,105 and a net result of €162,306. Equity is shrinking by ~3.6% per year across the filed fiscal years. Its solvency ranks better than 52% of 257 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
Activity
Specialised image, lighting and sound technical services
NACE 90393NACE 90023NACE 92313
1 site
Size
€1.7mtotal assets 2025
- Equity
- €831,105
- Profit
- €162,306
Structure
Accounts 37 d early0 of 11 deeds read
Why 93- 1 change of registered office in 24 months+ Size: total assets €1.7m+ Figures for FY 2025 (filed 24-06-2026)+ Liquidity: current ratio 1.25, cash €300,479Show the evidence
Checked score
Score 2025
93
/ 100
Excellent
Probability in this band: under 0.55%
Better than 41% of its sector peers (NACE 90, micro)
Performance against the sector, not lower risk
Financial strength · tick = 2024
Strong
Solvency
73-12
equity 47.9% of total assets
Liquidity
46-12
short-term debt 51.2% · cash 17.3%
Profitability
80+6
return on assets 9.4%
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 15 months
08-2025: 0.1%highest value
09-2025: 0.1%▼ -24.5% vs 08-2025
10-2025: 0.1%▼ -20.3% vs 09-2025
11-2025: 0.1%● 0.0% vs 10-2025
12-2025: 0.1%● 0.0% vs 11-2025
01-2026: 0.1%● 0.0% vs 12-2025
02-2026: 0.1%▲ +1.7% vs 01-2026
03-2026: 0.1%● 0.0% vs 02-2026
04-2026: 0.1%▲ +5.0% vs 03-2026
05-2026: 0.1%▲ +7.9% vs 04-2026
06-2026: 0.1%▲ +2.9% vs 05-2026
07-2026: 0.1%▼ -20.0% vs 06-2026lowest value
08-2026: 0.1%● 0.0% vs 07-2026lowest value
09-2026: 0.1%● 0.0% vs 08-2026lowest value
10-2026: 0.1%● 0.0% vs 09-2026lowest value
- 1 change of registered office in 24 months raises the probability
- Size: total assets €1.7m lowers the probability for this profile
- Figures for FY 2025 (filed 24-06-2026) lowers the probability
- Liquidity: current ratio 1.25, cash €300,479 lowers the probability
Credit up to €75,000 at 30 days acceptable
Liquidity tight (current ratio 1.25 against 1.65 in 2024; short-term debt: 51.2% and cash: 17.3% of total assets), and 52.1% of the assets are financed with debt.
How it is calculated
The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.
| 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% |
Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 90, micro). Better than this share of them on solvency 50%, liquidity 29%, profitability 63%, growth against the median 21%. That is performance, not lower risk; the band itself always comes from the probability.
Bankruptcy probability: model pd-v3.202610021621, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.
Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 24-06-2026, 37 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
37 d early
2024
29 d late
2023
27 d early
2022
43 d early
2021
28 d early
2020
32 d early
2019
38 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 14 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 38% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. Usually files around 3 July (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
02-10-2026 today31-12-2026 close31-07-2027 deadline
- Annual accounts filedfiscal year 2025 · full…
- Annual accounts filedfiscal year 2024 · abbreviated…
- Annual accounts filedfiscal year 2023 · abbreviated…
Key points
By topic
Timeline
- Events
- 11
- Since
- 2017
- Next accounts
- by 31-07-2027
- 24-06-2026Annual accounts filed
- 29-08-2025Annual accounts filed
- 04-07-2024Annual accounts filed
Company details
- Sites
- 1
- Legal form
- Public limited company
- Activity
- Specialised image, lighting and sound technical servicesNACE 90393
- Founded
- 26-08-1991
- Year ends
- 31-12
- Peppol
- Reachable for e-invoices
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