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Complete company report
Generated 26-07-2026
Active BE 1001.883.207Private limited company

SUBSCRIPTION STUDIO

Louizalaan 209A ·1050 Brussel, Belgium· 2 yrs active
Sector: Wholesale trade (46190)
Conclusion Checked

The computed 12-month bankruptcy probability of SUBSCRIPTION STUDIO is 5.2% (elevated). The 2025 annual accounts show negative equity (€-11k) and a net result of €-32k. Its solvency ranks better than 12% of 842 sector peers (fiscal year 2025). The company has been active since 2023 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 2 annual accounts.
Key figures
Equity €-11k
Net result €-32k
Better than sector 12%
Active 2 yrs
Snowflake analysis 5 axes · computed by Checked
Health7Profitability100Solvency35Growth32Stability82
51 / 100

Mixed profile: strong on profitability, weaker on health.

Health 7
Profitability 100
Solvency 35
Growth 32
Stability 82
Bankruptcy probability (12 mo) Checked model v1 · free
5.2% Elevated
0%0,5%1,5%4%10%≥25%
Young company +Higher-failure-rate region +Annual accounts: weaker financial profile +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Risk Assessment rule-based
0 / 100
Low risk
Trust signals 3 signals
Young company
Founded in 2023, under 3 years, statistically higher risk.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad.
Administratively compliant
No FOD Economie strikeouts (UBO, accounts, address, activity).
Administrative Flags 0 events
No administrative flags
Health barometer FY 2025 · computed
7 / 100 Critical
050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.
Financial overview2 NBB filings
Annual accounts filed on 21-04-2026 with the NBB · fiscal year 2025 · micro
€-40k€-20k€0€20kOperating result 2024: €28k€28kNet result 2024: €21k€21kOperating result 2025: €-29k€-29kNet result 2025: €-32k€-32k20242025
Operating resultNet result
Sector comparison
Fiscal year 2025 · NACE 46, Wholesale trade · compared within the same schema type (micro schema)
Metric This company Sector median Position in the sector
Solvency -34.1% 35.0%
better than 12% of 842 sector peers
Net result €-32k €10k
better than 7% of 842 sector peers
Equity €-11k €40k
better than 13% of 843 sector peers
Gross operating margin €-23k €31k
better than 5% of 841 sector peers
Total assets €33k €132k
better than 17% of 842 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
EBITDA
€-23k
- far below sector median
Net profit
€-32k
- far below sector median
Cash flow
€-25k
- far below sector median
Total assets
€33k
-51.6% -65% vs sector
Equity
€-11k
- far below sector median
Working capital
€-18k
- far below sector median
Income taxes
€0
-100.0% -100% vs sector
Debt
€45k
-7.4% -21% vs sector
Debt ≤ 1y
€45k
-7.4% +5% vs sector
Current ratio
0.59
-48.5% -67% vs sector
Quick ratio
0.59
-48.5% -67% vs sector
Solvency
-34.1%
- far below sector median
Debt / equity
-3.93
- far below sector median
ROE
281.1%
+181.1% far above sector median
ROA
-95.9%
- far below sector median
Interest coverage
-8.99
- far below sector median
Figures by fiscal year
Fiscal year2025
Revenue-
EBITDA€-23k
Net profit€-32k
Cash flow€-25k
Staff costs-
Income taxes€0
Dividends-
Total assets€33k
Equity€-11k
Debt€45k
of which ≤ 1y€45k
of which > 1y-
Working capital€-18k
Employees (FTE)-
Ratios (computed)
2025
Current ratio0.59
Quick ratio0.59
Working capital ratio-55.0%
Solvency-34.1%
Debt / equity-3.93
Long-term debt ratio-
Interest coverage-8.99
Gross margin-
Net margin-
ROA-95.9%
ROE281.1%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2025
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2025
Balance sheet, Assets
TOTAL ASSETS 20/58€33k
Fixed assets 21/28€7k
Intangible fixed assets 21€7k
Current assets 29/58€26k
Amounts receivable within one year 40/41€85
Cash & bank 54/58€26k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€33k
Equity 10/15€-11k
Accumulated profits (losses) 14€-11k
Amounts payable 17/49€45k
Amounts payable within one year 42/48€45k
Trade debts payable within one year 44€3k
Income statement
Gross operating margin 9900€-23k
Operating result 9901€-29k
Financial charges 65€3k
Result before taxes 9903€-32k
Income taxes 67/77€0
Net result for the period 9904€-32k
Result to be appropriated 9905€-32k
You're seeing the latest fiscal year only. Unlock 1 prior year (figures + ratios) with a paid plan. See plans →
Ratios computed by Checked.
Directors & mandates 1 directors
Former directors (1)
  • Van Sintejan Alex
    Director
    State Gazette act 26025384 (19-02-2026)
    Former
    - → 19-12-2025
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.
Legal Structure
NACE primary Wholesale trade(46190)
Legal form Private limited company(610)
Incorporation02-11-2023
StatusActive
Postal code1050
Establishment units 1 location
SUBSCRIPTION STUDIO
Louizalaan 209 A, 1050 ElseneHandelsbemiddeling in de niet-gespecialiseerde groothandel
since 20232.351.931.878
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Real-estate footprint Source: CBE × cadastre

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Brussels 2 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
21807G0120/00L005 Brussels 700 m² 1 · 700 m² 32.2 m · 9 fl.
21807G0120/00H005 Brussels 480 m² 1 · 417 m² 29.8 m · 8 fl.
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Updates 4 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2026
21-04-2026
NBB filing Annual accounts filed
fiscal year 2025 · micro
19-02-2026
State Gazette act Capital & shares
v3.2
2025
30-07-2025
NBB filing Annual accounts filed
fiscal year 2024 · micro
2023
06-11-2023
State Gazette act Incorporation
oprichting
Belgisch Staatsblad, acts 2 acts
Capital history · 1
19-02-2026
v3.2
All acts · 2 updated 5 months ago
2026
19-02-2026 Transaction in capital or shares Capital & shares
Summary: v3.2
Technical details 
{
  "events": [
    {
      "kind": "share_transfer",
      "amount": 50,
      "currency": null,
      "after_eur": null,
      "delta_eur": null,
      "before_eur": null,
      "amount_type": "onbekend",
      "effective_date": "2025-12-19",
      "evidence_quote": "L\u0027assembl\u00E9e accepte le transfert effectif au 19 d\u00E9cembre 2025 de 50 actions, tel que repris ci-dessous: 50 actions entre Monsieur Andr\u00E9 Florian et Monsieur Juan Baldo.",
      "contribution_type": null
    }
  ],
  "schema": "v3.2",
  "act_meta": {
    "model_id": 36,
    "extractor": "constrained-core-35b"
  },
  "subject_company": {
    "kbo": "1001.883.207",
    "name_full": "SUBSCRIPTION STUDIO",
    "legal_form": "SRL"
  }
}
2023
06-11-2023 Incorporation of a new SRL Incorporation
Summary: oprichting
Technical details 
{
  "kind": "oprichting",
  "seat": "1050 Bruxelles, avenue Louise, 209/A",
  "schema": "v3.2",
  "act_meta": {
    "model_id": 36,
    "extractor": "constrained-core-35b"
  },
  "founders": [
    {
      "org": null,
      "kind": "natural_person",
      "person": {
        "dob": "1996-09-04",
        "name": "ANDR\u00C9 Florian Fr\u00E9d\u00E9ric",
        "niss": null,
        "address": "1160 Bruxelles, avenue Charles Madoux, 14 / 4"
      },
      "share_class": "Ordinary",
      "partner_role": null,
      "holder_org_kbo": null,
      "holder_org_name": null,
      "contribution_type": "cash",
      "amount_paid_in_eur": 7500,
      "holder_person_name": "ANDR\u00C9 Florian Fr\u00E9d\u00E9ric",
      "is_subscriber_only": false,
      "n_shares_subscribed": 500000,
      "amount_subscribed_eur": 7500,
      "is_anonymous_silent_partner": false
    },
    {
      "org": null,
      "kind": "natural_person",
      "person": {
        "dob": "1999-05-09",
        "name": "VAN SINTEJAN Alex Arnaud Fran\u00E7ois Thierry",
        "niss": null,
        "address": "1430 Rebecq, rue Warichaix, 1"
      },
      "share_class": "Ordinary",
      "partner_role": null,
      "holder_org_kbo": null,
      "holder_org_name": null,
      "contribution_type": "cash",
      "amount_paid_in_eur": 7500,
      "holder_person_name": "VAN SINTEJAN Alex Arnaud Fran\u00E7ois Thierry",
      "is_subscriber_only": false,
      "n_shares_subscribed": 500000,
      "amount_subscribed_eur": 7500,
      "is_anonymous_silent_partner": false
    }
  ],
  "capital_eur": 15000,
  "subject_company": {
    "kbo": "1001.883.207",
    "name_full": "SUBSCRIPTION STUDIO",
    "legal_form": "SRL"
  },
  "initial_directors": [],
  "incorporation_date": "2023-10-30",
  "post_incorporation_mandates": []
}
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Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.
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Company registry (CBE) Crossroads Bank
Activities
Handelsbemiddeling in goederen, algemeen assortiment46190Handelsbemiddeling in de niet-gespecialiseerde groothandel46190Overige niet-gespecialiseerde detailhandel47120Detailhandel in fietsen47632Detailhandel in overige sportartikelen47639Detailhandel in sport- en kampeerartikelen in gespecialiseerde winkels47640Detailhandel in fietsen in gespecialiseerde winkels47785Detailhandel in andere tweedehandsgoederen in winkels, m.u.v. tweedehandskleding47793Detailhandel in andere tweedehandsgoederen, muv tweedehandskleding47793Detailhandel via postorderbedrijven of via internet47910Opslag in koelpakhuizen en overige opslag52100Opslag52100
Primary activity highlighted.
Names & trade names
Legal nameFR SUBSCRIPTION STUDIO
Registered office
Louizalaan 209A
1050 Brussel, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.
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Source: Belgian State Gazette, CBE, NBB · generated via checked.be · indicative