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Studio Volt

Active
Private limited companyfounded 2021active for 5 yearsPolenlaan 21, 8900 Ieper, BelgiumKBO/BCE: BE 0766.682.555
Summary

Studio Volt has been active since 2021 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €10,041 and a net result of €15,684. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 17% of 4,314 sector peers (NACE 74, financial year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).

Overview

Activity
Photography, excluding press photography
NACE 74201
1 site
Size
€199,294total assets 2025
Equity
€10,041
Profit
€15,684
Turnover not published (micro format)
Financial health
79 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.4%
Structure
2025 accounts 102 days early2 deeds in the Belgian Official Gazette
Why 79raises riskEquity €10,041 (5.0% of total assets)1 of the last 3 latelowers riskSector: Other professional, scientific and technical activities (NACE 74)Size: total assets €199,294Show the evidence

Checked score

Score 2025
79 / 100
Excellent
Probability in this band: under 0.55%
Financially better than 21% of its sector peers (NACE 74, micro)
Financial strength · tick = 2024
Weak
Solvency 30-30
equity 5.0% of total assets
Liquidity 18-39
short-term debt 95.0% · cash 14.1%
Profitability 79-21
return on assets 7.9%
Bankruptcy probability, 12 months
0.4% Very low
0%0.5%1.5%4%10%≥ 25%

About 4 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.2% (5,421 companies, NACE 74, micro)
Last 24 months 11-2024: 0.2% 12-2024: 0.2%● unchanged vs 11-2024 01-2025: 0.1%▼ -0.1 percentage points 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 04-2025 06-2025: 0.1%● unchanged vs 05-2025 07-2025: 0.1%● unchanged vs 06-2025 08-2025: 0.2%▲ +0.1 percentage points vs 07-2025 09-2025: 0.2%● unchanged vs 08-2025 10-2025: 0.1%▼ -0.1 percentage points vs 09-2025 11-2025: 0.1%● unchanged vs 10-2025 12-2025: 0.1%● unchanged vs 11-2025 01-2026: 0.1%● unchanged vs 12-2025 02-2026: 0.1%● unchanged vs 01-2026 03-2026: 0.1%● unchanged vs 02-2026 04-2026: 0.1%● unchanged vs 03-2026 05-2026: 0.5%▲ +0.4 percentage points vs 04-2026 06-2026: 0.5%● unchanged vs 05-2026highest value 07-2026: 0.5%● unchanged vs 06-2026 08-2026: 0.4%▼ -0.1 percentage points vs 07-2026 09-2026: 0.4%● unchanged vs 08-2026 10-2026: 0.4%● unchanged vs 09-2026
Credit of up to €500 on 30-day terms is acceptable
Liquidity tight (current ratio 1.05, compared with 1.49 in 2024, below the usual 1.5; short-term debt: 95% and cash: 14.1% of total assets), and 95% of the assets are financed with debt and provisions.
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 74, micro): better than 18% on solvency, 10% on liquidity, 51% on profitability and 7% on growth.

The bankruptcy probability was computed on 25-10-2026 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

Six signals.
lowers riskraises riskneutral
lowers risk · Sector: Other professional, scientific and technical activities (NACE 74)
KBO
lowers risk · Size: total assets €199,294
Companies of this size fail less often; how much that weighs depends on the rest of its profile.
NBB · annual accounts
raises risk · Equity €10,041 (5.0% of total assets)
NBB · annual accounts
raises risk · 1 of the last 3 late
NBB · filings
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 4314 sector peers (2025).
NBB · sector comparison
Position among 4314 sector peers
Solvency
better than 17%
← 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 20-04-2026, 102 days ahead of the deadline.
NBB · 5 filings
Deviation from the deadline
2025
102 days early
2024
29 days late
2023
46 days late
2022
13 days late
2021
30 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 5 accounts on average 3 days after the deadline; the sector median (NACE 74) for financial year 2024 is 3 days before the deadline, and 38% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 29 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
26-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · micro…
  2. General meeting · Permanent representativeDeclaration · Shareholding
  3. Weakest financial yearnet €15,684 ▼75%

Financials · financial year 2025, micro format

Equity
€10,041▼ 86.2%
2024 · €72,757
Total assets
€199,294▼ 4.2%
2024 · €208,070
Net result
€15,684▼ 75.0%
2024 · €62,720
Working capital
€8,765▼ 86.9%
2024 · €66,682
Trend over the years

2021 to 2025, 5 financial years

The operating result falls in 2025; 2025 is 78% below 2024 and is the lowest result in the available series.

What the company sold each financial year and what was left of it. A loss stands below the zero line.

Operating result€18,871 2025 Net result€15,684 2025

Use the arrow keys on the chart for the figures per year.

Sector: the middle half of NACE 74, Other professional, scientific and technical activities: 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).

Every figure with its change against the financial year before
favourable unfavourable
Line20212022202320242025
Operating result€45,789-€48,191▲ 5.2%€28,912▼ 40.0%€86,591▲ 199%€18,871▼ 78.2%
Net result€36,459above the sector's middle half-€36,909above the sector's middle half▲ 1.2%€21,818within the sector's middle half▼ 40.9%€62,720above the sector's middle half▲ 187%€15,684within the sector's middle half▼ 75.0%
Equity€45,659within the sector's middle half-€81,768within the sector's middle half▲ 79.1%€102,787within the sector's middle half▲ 25.7%€72,757within the sector's middle half▼ 29.2%€10,041below the sector's middle half▼ 86.2%
Total assets€105,983within the sector's middle half-€161,557within the sector's middle half▲ 52.4%€141,400within the sector's middle half▼ 12.5%€208,070within the sector's middle half▲ 47.2%€199,294within the sector's middle half▼ 4.2%
Debt€60,324-€79,789▲ 32.3%€38,613▼ 51.6%€135,313▲ 250%€189,253▲ 39.9%
Working capital€22,663within the sector's middle half-€66,641within the sector's middle half▲ 194%€95,799above the sector's middle half▲ 43.8%€66,682within the sector's middle half▼ 30.4%€8,765within the sector's middle half▼ 86.9%
Solvency43.1%within the sector's middle half-50.6%within the sector's middle half▲ 7.5pp72.7%within the sector's middle half▲ 22.1pp35.0%within the sector's middle half▼ 37.7pp5.0%below the sector's middle half▼ 29.9pp
Current ratio1.40within the sector's middle half-1.87within the sector's middle half▲ 0.483.81above the sector's middle half▲ 1.941.49within the sector's middle half▼ 2.321.05within the sector's middle half▼ 0.45
Return on assets (ROA)34.4%above the sector's middle half-22.8%above the sector's middle half▼ 11.6pp15.4%within the sector's middle half▼ 7.4pp30.1%above the sector's middle half▲ 14.7pp7.9%within the sector's middle half▼ 22.3pp
above within below the middle half of NACE 74, Other professional, scientific and technical activities: 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.
Turnover and EBIT margin not published: the micro format does not require them.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €199,294
Fixed assets €1,276 ▼ 79.0%
Current assets €198,018 ▼ 2.0%
Equity and liabilities €199,294
Equity €10,041 ▼ 86.2%
Debt €189,253 ▲ 39.9%
Debt's share of the balance-sheet total rises from 65.0% to 95.0%. Equity is lower and debt is higher.
Key figures and ratios
2025 value · change against 2024
EBITDA
€23,671▼
2024 · €92,034
Cash flow
€20,484▼
2024 · €68,162
Debt to equity
18.85▲
2024 · 1.86
ROE
156.2%▲
2024 · 86.2%
Interest coverage
over 100▲
2024 · 35.13
Debt ≤ 1 year
€189,253▲
2024 · €135,313
Income taxes
€5,547▼
2024 · €22,839
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.

Peer companies

Historical observation

Of the 2,153 companies that looked in July 2024 the way this one looks now, 1.7% went bankrupt within 24 months and 96.1% are still going.

  • Micro
  • 5 to 10 years old
  • solvency under 10%
  • a profit of 5% of the balance sheet or more
1.7% went bankrupt
2.2% stopped otherwise
96.1% still going

For this company itself Checked computes a bankruptcy probability of 0.4% 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%.

The companies in ten equal groups, from lowest to highest expected share.
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 2,153 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.

Annual accounts
Filed annual accounts As filed with the NBB · 2025 against 2024 · 40 lines
Balance sheet Code20242025
Assets
Total assets20/58€208,070€199,294▼
Fixed assets21/28€6,076€1,276▼
Intangible fixed assets21€6,076€1,276▼
Current assets29/58€201,994€198,018▼
Amounts receivable within one year40/41€22,699€19,912▼
Trade receivables40€19,606€19,912▲
Other amounts receivable41€3,094-
Current investments50/53€110,000€150,000▲
Cash at bank and in hand54/58€69,295€28,106▼
Equity and liabilities
Total equity and liabilities10/49€208,070€199,294▼
Equity10/15€72,757€10,041▼
Contributions10/11€10,000€10,000=
Reserves13€62,757€41▼
Distributable reserves133€62,757€41▼
Amounts payable17/49€135,313€189,253▲
Amounts payable within one year42/48€135,313€189,253▲
Trade debts44€4,535€2,908▼
Suppliers440/4€4,535€2,908▼
Taxes, remuneration and social security45€27,108€15,129▼
Taxes450/3€27,108€15,129▼
Other amounts payable47/48€103,670€171,216▲
Income statement Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5,442€4,800▼
Other operating charges640/8€566€592▲
Gross operating margin9900€92,600€24,263▼
Operating profit (loss)9901€86,591€18,871▼
Financial income75/76B€1,588€2,554▲
Recurring financial income75€1,588€2,554▲
Financial charges65/66B€2,620€195▼
Recurring financial charges65€2,620€195▼
Profit (loss) for the period before taxes9903€85,559€21,230▼
Income taxes67/77€22,839€5,547▼
Profit (loss) for the period9904€62,720€15,684▼
Profit (loss) for the period to be appropriated9905€62,720€15,684▼
Appropriation of the result
Profit (loss) to be appropriated9906€155,507€15,684▼
Profit (loss) brought forward from the previous period14P€92,787-
Transfer from equity791/2-€62,716
Transfer to equity691/2€62,757-
To other reserves6921€62,757-
Profit to be distributed694/7€92,750€78,400▼
Return on contributions (dividend)694€92,750€78,400▼

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

Line20212022202320242025Change
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5,297€7,214€7,214€5,442€4,800▼ 11.8%
Other operating charges640/8€456€500€499€566€592▲ 4.5%
Gross operating margin9900€51,542€55,905€36,625€92,600€24,263▼ 73.8%
Operating profit (loss)9901€45,789€48,191€28,912€86,591€18,871▼ 78.2%
Financial income75/76B---€1,588€2,554▲ 60.8%
Recurring financial income75---€1,588€2,554▲ 60.8%
Financial charges65/66B€23€1,599€1,188€2,620€195▼ 92.6%
Recurring financial charges65€23€1,599€1,188€2,620€195▼ 92.6%
Profit (loss) for the period before taxes9903€45,766€46,592€27,724€85,559€21,230▼ 75.2%
Income taxes67/77€9,307€9,683€5,906€22,839€5,547▼ 75.7%
Profit (loss) for the period9904€36,459€36,909€21,818€62,720€15,684▼ 75.0%
Profit (loss) for the period to be appropriated9905€36,459€36,909€21,818€62,720€15,684▼ 75.0%
Line20212022202320242025Change
Assets
Total assets20/58€105,983€161,557€141,400€208,070€199,294▼ 4.2%
Formation expenses20€0€0----
Fixed assets21/28€25,946€18,732€11,518€6,076€1,276▼ 79.0%
Intangible fixed assets21€20,476€15,676€10,876€6,076€1,276▼ 79.0%
Tangible fixed assets22/27€5,470€3,056€642---
Plant, machinery and equipment23€5,470€3,056€642---
Current assets29/58€80,037€142,825€129,882€201,994€198,018▼ 2.0%
Amounts receivable after more than one year29€10,758€29,448€20,751---
Trade receivables290€10,758€29,250€15,657---
Other amounts receivable291-€198€5,094---
Amounts receivable within one year40/41---€22,699€19,912▼ 12.3%
Trade receivables40---€19,606€19,912▲ 1.6%
Other amounts receivable41---€3,094--
Current investments50/53---€110,000€150,000▲ 36.4%
Cash at bank and in hand54/58€69,279€113,377€109,131€69,295€28,106▼ 59.4%
Equity and liabilities
Total equity and liabilities10/49€105,983€161,557€141,400€208,070€199,294▼ 4.2%
Equity10/15€45,659€81,768€102,787€72,757€10,041▼ 86.2%
Contributions10/11€10,000€10,000€10,000€10,000€10,000=
Reserves13---€62,757€41▼ 99.9%
Distributable reserves133---€62,757€41▼ 99.9%
Profit (loss) carried forward14€35,659€71,768€92,787---
Amounts payable17/49€60,324€79,789€38,613€135,313€189,253▲ 39.9%
Amounts payable within one year42/48€57,374€76,184€34,083€135,313€189,253▲ 39.9%
Trade debts44€32,798€2,289€501€4,535€2,908▼ 35.9%
Suppliers440/4€32,798€2,289€501€4,535€2,908▼ 35.9%
Taxes, remuneration and social security45€15,645€25,946€7,547€27,108€15,129▼ 44.2%
Taxes450/3€15,645€25,946€7,547€27,108€15,129▼ 44.2%
Other amounts payable47/48€8,931€47,949€26,035€103,670€171,216▲ 65.2%
Accrued charges and deferred income492/3€2,950€3,605€4,530---
Line20212022202320242025Change
Profit (loss) for the period9904€36,459€36,909€21,818€62,720€15,684▼ 75.0%
+ Depreciation and write-downs630€5,297€7,214€7,214€5,442€4,800▼ 11.8%
Operating cash flow (approximation)€41,756€44,123€29,032€68,162€20,484▼ 69.9%
Investment in fixed assets (approximation)-€0€0€0€0▼ 100%
Change in cash-€44,098-€4,246-€39,836-€41,189▼ 3.4%

Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.

Download as CSV

Filings with the National Bank (5)
Financial year Type Filed Reference
31-12-2025 micro format 20-04-2026 2026-00085244
31-12-2024 micro format 29-08-2025 2025-00477715
31-12-2023 micro format 15-09-2024 2024-00461745
31-12-2022 micro format 13-08-2023 2023-00326741
31-12-2021 micro format 30-08-2022 2022-20396853

Similar companies · same sector, comparable size

Of the 14,090 active companies whose main activity is photography, excluding press photography (NACE 74201), figures are known for 2,657. 1,190 are within a factor 10 of this equity. These 5 are the closest to it. See the whole sector

Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.

Directors

Directors
No directors read yet: 0 of 2 Gazette acts processed. See the directors and other office holders in the KBO →

Owners and capital

Owners

No owners or capital events in the accounts and acts we read.

History

On 13 April 2021, Studio Volt was incorporated as a private limited company.1 Total assets went from €105,983 in 2021 to €199,294 in 2025.2

  1. 1KBO register
  2. 2National Bank, annual accounts 2021 and 2025

Acts, filings and financial milestones

Next filing, financial year 2026, expected by 31-07-2027
2026
20-04
NBB filing Annual accounts filed
financial year 2025 · micro format
12-01
Gazette deed General meeting · Permanent representative
Declaration · Shareholding
2025
31-12
Financial Weakest financial yearnet €15,684 ▼75%
Net result drops to €15,684, the lowest in the series.
29-08
NBB filing Annual accounts filed
financial year 2024 · micro format · 29 days late
2024
31-12
Financial Highest result from 2021 to 2025net €62,720 ▲187%
Operating result €86,591, net result €62,720, both a record.
15-09
NBB filing Annual accounts filed
financial year 2023 · micro format · 46 days late
2023
31-12
Financial Liquidity doublescurrent ratio 3.81
Current ratio from 1.87 to 3.81; short-term debt falls from €76,184 to €34,083.
31-12
Financial Equity above €100,000equity €102,787 ▲25.7%
A profit in every financial year since 2021 builds equity to €102,787.
13-08
NBB filing Annual accounts filed
financial year 2022 · micro format · 13 days late
2022
30-08
NBB filing Annual accounts filed
financial year 2021 · micro format · 30 days late
Financial milestoneGazette deedNBB filingFinancial milestones sit on the financial year-end date, not the filing date.
0 of 2 deeds read
About the unread acts

We know of 2 Belgian Official Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.

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Register details

Identification
Legal formPrivate limited company
Founded13-04-2021
Financial year end31-12
Activities, NACEBEL 2025
74201Photography, excluding press photography
71111Activities of building architects
73110Advertising agencies
82300Organisation of conventions and trade shows
E-invoicing
Reachable via Peppol
Peppol ID 0208:0766682555
Also 9925:BE0766682555
Registered 14-01-2026

If you follow this company, Checked tells you the day it leaves the Peppol register.

Register as of 26 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

Location & real-estate footprint
Registered office, Ieper · 1 establishment unit since 2021
registered office establishment The establishment unit on the map
Ground area
1,663 m²
Building footprint
302 m²
Building volume
2,384 m³
2 parcels, Flanders · tallest building 14.5 m. Linked by address, not a title deed.
1 establishment unit
Studio Volt
Wijtschatestraat(Wijtsch) 84, 8953 HeuvellandPhotography, excluding press photography
since 2021unit no. 2.316.517.178
2 parcels
Flanders 2 (100%)
Cadastral parcel Region Area Buildings Height / floors
33032A0215/00K002 Flanders 920 m² 1 · 151 m² 10.1 m · 2
33303E0348/00B002 Flanders 743 m² 1 · 150 m² 14.5 m · 4
How the parcels are linked
Good to know
Both parcels match the address exactly.