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THE STUDIO

Active
Private limited companyfounded 2021active for 5 yearsKernstraat 38, 1000 Brussel, BelgiumKBO/BCE: BE 0765.529.542
Summary

The computed 12-month bankruptcy probability of THE STUDIO is 1.7% (moderate). The 2025 annual accounts show negative equity (-€59,234) and a net result of -€22,246. Equity has been shrinking by about 65% per year since 2021. Its solvency ranks better than 12% of 2,875 sector peers (NACE 93, financial year 2025). The company has been active since 2021 and the Belgian Official Gazette contains no insolvency or warning signals.

Overview

Official details

Source: KBO
Status
Active since 23-03-2021 Normal situation
Activity
Fitness centres NACE 93130and 2 others
Establishment unit
2.316.180.351 1000 Brussel, since 23-03-2021
Financial year end
31 December
Peppol
Reachable since 30-04-2021

Board and ownership

Board
  • IDJOUADIEN MOUNJIDirector · since 23-03-2021
Shareholders
  • Costyact of 22-05-2025

Financial position

52 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
1.7%
Annual accounts 2025
Gross margin
-€13,581
Loss
€22,246
▲ 284%
Equity
-€59,234
▼ 60.1%
Total assets
€82,733
▼ 1.0%
Staff
≈ 0 FTE
estimated
  • Negative equity on 31-12-2025
  • 2025 accounts filed 54 days after the deadline
Turnover not published (micro format)
Score breakdownraises riskLast filed accounts filed 54 days late; 2 of the last 3 accounts lateNegative equity -€59,234lowers riskSector: Sports, amusement and recreation activities (NACE 93)Size: total assets €82,733Show the evidence

Checked score

Score 2025
52 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially stronger than 9% of micro companies in sports and recreation (NACE 93)
Financial strength · tick: 2024
Weak
Solvency 0=
equity -71.6% of total assets
Liquidity 7-4
short-term debt 151.5% · cash 5.4%
Profitability 0-30
return on assets -26.9%
Bankruptcy probability within 12 months
1.7% Moderate
0%0.5%1.5%4%10%≥ 25%

About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (4,269 companies, NACE 93, micro)
Last 24 months 12-2024: 2.8% 01-2025: 2.7%▼ -0.1 percentage points vs 12-2024 02-2025: 2.7%● unchanged vs 01-2025 03-2025: 2.6%▼ -0.1 percentage points vs 02-2025 04-2025: 2.6%● unchanged vs 03-2025 05-2025: 2.6%● unchanged vs 04-2025 06-2025: 2.5%▼ -0.1 percentage points vs 05-2025 07-2025: 2.5%● unchanged vs 06-2025 08-2025: 3.2%▲ +0.7 percentage points vs 07-2025highest value 09-2025: 1.3%▼ -1.9 percentage points vs 08-2025 10-2025: 1.3%● unchanged vs 09-2025 11-2025: 1.3%● unchanged vs 10-2025 12-2025: 1.3%● unchanged vs 11-2025 01-2026: 1.3%● unchanged vs 12-2025 02-2026: 1.3%● unchanged vs 01-2026 03-2026: 1.2%▼ -0.1 percentage points vs 02-2026 04-2026: 1.2%● unchanged vs 03-2026lowest value 05-2026: 1.2%● unchanged vs 04-2026 06-2026: 1.3%▲ +0.1 percentage points vs 05-2026 07-2026: 1.2%▼ -0.1 percentage points vs 06-2026 08-2026: 1.7%▲ +0.5 percentage points vs 07-2026 09-2026: 1.8%▲ +0.1 percentage points vs 08-2026 10-2026: 1.7%▼ -0.1 percentage points vs 09-2026 11-2026: 1.7%● unchanged vs 10-2026
No credit on open account
Liquidity is insufficient, with a current ratio of 0.34 (0.48 in 2024), below 1. Short-term debt is 151.5% and cash 5.4% of total assets. Equity is negative.
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 93, micro). It does better than 9% of them on solvency, 9% on liquidity, 7% on profitability and 11% on growth.

The bankruptcy probability was computed on 04-11-2026 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.

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).

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Six signals.
lowers riskraises risk
lowers risk · Sector: Sports, amusement and recreation activities (NACE 93)
KBO
raises risk · Last filed accounts filed 54 days late; 2 of the last 3 accounts late
NBB · filings
lowers risk · Size: total assets €82,733
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
raises risk · Negative equity -€59,234
NBB · annual accounts
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025
Equity per financial year
2122232425
2021 to 2025 · latest year -€59,234
raises risk · 2025 accounts filed 54 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 23-09-2026, 54 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 5 filings
Deviation from the deadline
2025
54 days late
2024
26 days late
2023
118 days late
2022
31 days late
2021
31 days late
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 5 accounts on average 52 days after the deadline. In the sector (NACE 93), the median for financial year 2024 was 1 day before the deadline, and 42% 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 31 August (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
05-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Risk: Negative equitydebts exceed assets in financial year 2025 -€59,234 View
  • Risk: 4 loss-making years in a rowloss in financial year 2025 -€22,246 View
  • Caution: Less equity than 89% of companies in sports and recreationsector median €31,179 · 2,877 companies -€59,234 View

Recent changes

  1. · Gazette deed Resignation: Ayoub Boumassaoud (director)Costy holds 50 shares
  2. · Gazette deed Transfer of 50 shares from Audrey COSTY to Ayoub BOUMASSAOUDAppointment: Ayoub BOUMASSAOUD (director) · Resignation: Audrey COSTY (director)
  3. · Gazette deed Incorporation
All 9 events

Comparable companies

These companies have the same main activity as THE STUDIO: fitness centres (NACE 93130). They are comparable in size and age: total assets between €47,700 and €128,000, founded between 2018 and 2022.

CompanyTotal assetsGross margin
THE STUDIO Brussel€82,733-€13,581
K.O.M. Schoten€95,829€84
Landen in beweging Meerhout€81,207-€11,730
FIT FACTORY Gent€57,793-€11,441
TOMMEL Koekelare€86,054-€2,348
TK GYM Antwerpen€127,610-€28,199
Kenko Studio Sint-Katelijne-Waver€47,702-€1,050
Full comparison

Key facts about THE STUDIO

What is the company number of THE STUDIO?
The company number of THE STUDIO is 0765.529.542. The VAT number is the same number with BE in front: BE 0765.529.542.
Where is THE STUDIO based?
The registered office is at Kernstraat 38, 1000 Brussel.Company details
What does THE STUDIO do?
According to the KBO register, the main activity is fitness centres (NACE 93130).
What is the legal form of THE STUDIO?
The legal form of THE STUDIO is Private limited company (BV).
When was THE STUDIO founded?
THE STUDIO was founded on 23-03-2021.
Is THE STUDIO still active?
Yes, THE STUDIO is an active enterprise in the KBO register.
What is the turnover of THE STUDIO?
The annual accounts for financial year 2025 state no turnover. The micro format does not require it.Financials
Is THE STUDIO profitable?
In financial year 2025, THE STUDIO made a loss of €22,246.
Where can I find the annual accounts of THE STUDIO?
THE STUDIO filed 5 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of THE STUDIO due?
THE STUDIO must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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