THINKSTUDIO
ActiveTHINKSTUDIO has been active since 2009 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €234k and a net result of €-26k. Equity is growing by ~17.1% per year across the filed fiscal years. Its solvency ranks better than 83% of 19356 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
74
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability8▲+6
Solvency100▲+3
Growth52=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €17k at 30 days acceptable
Liquidity ample (current ratio 3.91 against 3.92 in 2023; short-term debt: 22.7% and cash: 51.2% of total assets), and 22.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
lower
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
77.2%
Return on assets
-8.6%
Age of the figures
21 mo
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year €-26k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 18-07-2025, 13 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
13 d early
2023
13 d early
2022
25 d late
2021
19 d early
2020
32 d early
2019
29 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€234k▼ 10.0%
2023 · €260k
2018: €-7k
2019: €79k
2020: €228k
2021: €241k
2022: €307k
2023: €260k
2018 → 2024
Total assets
€303k▼ 16.1%
2023 · €361k
2018: €203k
2019: €191k
2020: €443k
2021: €435k
2022: €463k
2023: €361k
2018 → 2024
Net result
€-26k▲ 45.5%
2023 · €-47k
2018: €99k
2019: €86k
2020: €149k
2021: €13k
2022: €66k
2023: €-47k
2018 → 2024
Working capital
€199k▼ 13.8%
2023 · €231k
2018: €-159k
2019: €-72k
2020: €352k
2021: €259k
2022: €295k
2023: €231k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€228k-€241k▲ 5.9%€307k▲ 27.2%€260k▼ 15.5%€234k▼ 10.0%
Operating result€-97k-€18k€77k▲ 319%€-43k€-25k▲ 42.5%
Net result€149k-€13k▼ 91.0%€66k▲ 389%€-47k€-26k▲ 45.5%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €25k in 2024 against €43k in 2023; the loss shrinks.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €303k
Fixed assets
€35k▼ 31.4%
Current assets
€268k▼ 13.6%
Equity and liabilities €303k
Equity
€234k▼ 10.0%
Debt
€69k▼ 31.9%
The debt ratio falls from 28.1% to 22.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
€-4k▲
2023 · €-22k
Cash flow
€-6k▲
2023 · €-26k
Solvency
77.2%▲
2023 · 71.9%
Current ratio
3.91▼
2023 · 3.92
Quick ratio
3.91▼
2023 · 3.92
Debt / equity
0.30▼
2023 · 0.39
ROE
-11.1%▲
2023 · -18.3%
ROA
-8.6%▲
2023 · -13.2%
Interest coverage
-4.28▲
2023 · -5.31
Debt
€69k▼
2023 · €101k
Debt ≤ 1 year
€69k▼
2023 · €79k
Debt > 1 year
€0▼
2023 · €22k
Income taxes
€222▼
2023 · €479
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€361k€303k▼
Fixed assets21/28€51k€35k▼
Intangible fixed assets21€2k€2k▼
Tangible fixed assets22/27€49k€33k▼
Plant, machinery and equipment23€5k€3k▼
Furniture and vehicles24€11k€7k▼
Other tangible fixed assets26€33k€23k▼
Current assets29/58€310k€268k▼
Amounts receivable within one year40/41€82k€113k▲
Trade receivables40€82k€113k▲
Other amounts receivable41€5€0▼
Cash at bank and in hand54/58€226k€155k▼
Deferred charges and accrued income490/1€1k€0▼
Equity and liabilities
Total equity and liabilities10/49€361k€303k▼
Equity10/15€260k€234k▼
Contributions10/11€100k€100k=
Reserves13€207k€207k=
Distributable reserves133€207k€207k=
Profit (loss) carried forward14€-47k€-73k▼
Amounts payable17/49€101k€69k▼
Amounts payable after more than one year17€22k€0▼
Financial debts170/4€22k€0▼
Amounts payable within one year42/48€79k€69k▼
Current portion of amounts payable after more than one year42€38k€22k▼
Trade debts44€145€3k▲
Suppliers440/4€145€3k▲
Taxes, remuneration and social security45€8k€7k▼
Taxes450/3€8k€7k▼
Remuneration and social security454/9€0-
Other amounts payable47/48€33k€36k▲
Accrued charges and deferred income492/3-€462
Income statement
Code20232024
Non-recurring operating income76A€2k€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€21k€20k▼
Other operating charges640/8€1k€565▼
Gross operating margin9900€-21k€-4k▲
Operating profit (loss)9901€-43k€-25k▲
Financial income75/76B€32€13▼
Recurring financial income75€32€13▼
Financial charges65/66B€4k€1k▼
Recurring financial charges65€4k€1k▼
Profit (loss) for the period before taxes9903€-47k€-26k▲
Income taxes67/77€479€222▼
Profit (loss) for the period9904€-47k€-26k▲
Profit (loss) for the period to be appropriated9905€-47k€-26k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-47k€-73k▼
Profit (loss) brought forward from the previous period14P-€-47k
Transfer to equity691/2€0-
To other reserves6921€0-
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
18-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
18-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-47k ▼172%
Net result drops to €-47k, the lowest in the series; recovery starts the following year.
25-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 25 days late
2022
12-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
29-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Highest result since 2018net €149k ▲74.2%
Net result €149k, the highest in the series.
31-12
Financial
Liquidity times 15current ratio 5.37
Current ratio from 0.35 to 5.37; short-term debt falls from €112k to €81k.
31-12
Financial
Equity above €200kEq €228k ▲189%
3 profitable years in a row build equity to €228k.
02-07
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
12-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
10-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
14-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
25-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 25 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Wielsbeke · 1 establishment unit since 2009
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Lijsterlaan 158710 WielsbekeGround area
1,639 m²
Building footprint
284 m²
Volume, LiDAR
1,273 m³
Parcel 37017C0341/00K004, Flanders · tallest building 8.9 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
THINKSTUDIO
since 20092.180.733.313
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 37017C0341/00K004 | Flanders | 1,639 m² | 1 · 283 m² | 8.9 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
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Piano De Heug
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AURERE
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TIMA INVEST
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Of 1,292 companies in sector 68122 we hold annual accounts for 901. 592 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded08-09-2009
Fiscal year end31-12
Activities, NACEBEL
68122Development of non-residential building projects
46472Wholesale trade
46650Wholesale trade
Sources
Crossroads Bank for EnterprisesNational Bank · 15 filingsAddress and cadastre registers
Data from official sources, last processed on 19-09-2026. Scores and ratios are computed by Checked and are not a credit decision.