TORPEDO STUDIO
ActiveSummary
The computed 12-month bankruptcy probability of TORPEDO STUDIO is 5.6% (elevated). For TORPEDO STUDIO, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show equity of €23,949 and a net result of -€16,199. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 26% of 33665 sector peers (fiscal year 2023). The company has been active since 2015 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags).
Checked score
No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Bankruptcy probability: Elevated
Filing: At least two filing cycles are missing
Axes, FY 2023 · tick = 2022
Profitability50▼-25
Solvency49▼-24
Growth52▼-26
Track record92
Bankruptcy probability, 12 months
5.6%
Elevated
0%0.5%1.5%4%10%≥ 25%
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Signals
Seven signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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 2023Solvency, return and age of the figures
Solvency
24.3%
Return on assets
-16.4%
Age of the figures
33 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2024, 2 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 9 filingsPosition against the passed deadline
31-12-2024 close31-07-2025 deadline01-10-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 30-09-2024, 61 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 9 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
61 d late
2022
31 d late
2021
31 d late
2020
31 d late
2019
92 d 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 49 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Address struck
History
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Financials · fiscal year 2023, micro schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€16,199
2022 · €4,063
Working capital
€18,945▼ 61.9%
2022 · €49,698
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings. 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 fiscal year before
favourable
unfavourable
Line20192020202120222023
Operating result€7,350€4,685€15,870▲ 239%
Net result€25,312above the sector's middle half€4,063within the sector's middle half-€16,199below the sector's middle half
Equity-€1,612=€21,840within the sector's middle half€21,840within the sector's middle half=€40,148within the sector's middle half▲ 83.8%€23,949within the sector's middle half▼ 40.3%
Total assets€4,536=€66,907below the sector's middle half▲ 1,375%€66,907below the sector's middle half=€82,905within the sector's middle half▲ 23.9%€98,716within the sector's middle half▲ 19.1%
Debt€6,148=€45,067▲ 633%€45,067=€42,757▼ 5.1%€74,768▲ 74.9%
Working capital-€2,658=€21,840within the sector's middle half€21,840within the sector's middle half=€49,698within the sector's middle half▲ 128%€18,945within the sector's middle half▼ 61.9%
Solvency32.6%within the sector's middle half32.6%within the sector's middle half=48.4%within the sector's middle half▲ 15.8pp24.3%within the sector's middle half▼ 24.2pp
Current ratio1.48within the sector's middle half1.48within the sector's middle half=3.03within the sector's middle half▲ 1.551.25within the sector's middle half▼ 1.78
Return on assets (ROA)37.8%above the sector's middle half4.9%within the sector's middle half-16.4%below the sector's middle half▼ 21.3pp
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result rises in 2023; 2023 is 239% above 2022 and is the highest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €98,716
Fixed assets
€5,004 ▼ 43.0%
Current assets
€93,712 ▲ 26.4%
Equity and liabilities €98,716
Equity
€23,949 ▼ 40.3%
Debt
€74,768 ▲ 74.9%
Debt's share of the balance-sheet total rises from 51.6% to 75.7%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€20,956▲
2022 · €12,957
Cash flow
-€11,113▼
2022 · €12,335
Debt to equity
3.12▲
2022 · 1.06
ROE
-67.6%▼
2022 · 10.1%
Interest coverage
89.23▲
2022 · 36.09
Debt ≤ 1 year
€74,768▲
2022 · €24,431
Income taxes
€4,300
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | €854 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €423 | - | €8,272 | €5,086 | ▼ 38.5% |
| Other operating charges640/8 | - | - | - | €74 | €188 | ▲ 154% |
| Gross operating margin9900 | - | €7,819 | - | €13,031 | €21,144 | ▲ 62.3% |
| Operating profit (loss)9901 | - | €7,350 | - | €4,685 | €15,870 | ▲ 239% |
| Financial income75/76B | - | - | - | €7 | €135 | ▲ 1,796% |
| Recurring financial income75 | - | €1 | - | €7 | €135 | ▲ 1,796% |
| Non-recurring financial income76B | - | - | - | - | €135 | - |
| Financial charges65/66B | - | - | - | €629 | €27,904 | ▲ 4,339% |
| Recurring financial charges65 | - | €176 | - | €359 | €235 | ▼ 34.6% |
| Non-recurring financial charges66B | - | - | - | €270 | €27,670 | ▲ 10,165% |
| Profit (loss) for the period before taxes9903 | - | €29,125 | - | €4,063 | -€11,900 | ▼ 393% |
| Income taxes67/77 | - | €3,813 | - | - | €4,300 | - |
| Profit (loss) for the period9904 | - | €25,312 | - | €4,063 | -€16,199 | ▼ 499% |
| Profit (loss) for the period to be appropriated9905 | - | €25,312 | - | €4,063 | -€16,199 | ▼ 499% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €4,536 | €66,907 | €66,907 | €82,905 | €98,716 | ▲ 19.1% |
| Formation expenses20 | €200 | - | - | - | - | - |
| Fixed assets21/28 | €847 | - | - | €8,776 | €5,004 | ▼ 43.0% |
| Tangible fixed assets22/27 | €847 | - | - | €8,776 | €5,004 | ▼ 43.0% |
| Plant, machinery and equipment23 | - | - | - | €825 | €1,183 | ▲ 43.3% |
| Furniture and vehicles24 | - | - | - | €7,951 | €3,821 | ▼ 51.9% |
| Current assets29/58 | €3,489 | €66,907 | €66,907 | €74,129 | €93,712 | ▲ 26.4% |
| Amounts receivable within one year40/41 | €116 | €64,822 | €64,822 | €60,891 | €89,601 | ▲ 47.2% |
| Trade receivables40 | - | - | €2,066 | - | - | - |
| Other amounts receivable41 | - | - | €62,756 | €60,891 | €89,601 | ▲ 47.2% |
| Cash at bank and in hand54/58 | €3,373 | €2,085 | €2,085 | €13,239 | €4,111 | ▼ 68.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €4,536 | €66,907 | €66,907 | €82,905 | €98,716 | ▲ 19.1% |
| Equity10/15 | -€1,612 | €21,840 | €21,840 | €40,148 | €23,949 | ▼ 40.3% |
| Contributions10/11 | €9,200 | - | €11,700 | €11,700 | €11,700 | = |
| Profit (loss) carried forward14 | -€10,812 | €10,140 | €10,140 | €28,448 | €12,249 | ▼ 56.9% |
| Amounts payable17/49 | €6,148 | €45,067 | €45,067 | €42,757 | €74,768 | ▲ 74.9% |
| Amounts payable after more than one year17 | - | - | - | €18,326 | - | - |
| Advances received on contracts in progress176 | - | - | - | €18,326 | - | - |
| Amounts payable within one year42/48 | €6,148 | €45,067 | €45,067 | €24,431 | €74,768 | ▲ 206% |
| Trade debts44 | €1,771 | €41,254 | €41,254 | €18,870 | €44,536 | ▲ 136% |
| Suppliers440/4 | - | - | €41,254 | €18,870 | €44,536 | ▲ 136% |
| Advances received on contracts in progress46 | - | - | - | - | €15,326 | - |
| Taxes, remuneration and social security45 | - | - | €3,813 | €5,560 | €14,905 | ▲ 168% |
| Taxes450/3 | - | - | €3,813 | €5,560 | €14,905 | ▲ 168% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | - | €25,312 | - | €4,063 | -€16,199 | ▼ 499% |
| + Depreciation and write-downs630 | - | €423 | - | €8,272 | €5,086 | ▼ 38.5% |
| Operating cash flow (approximation) | - | €25,735 | - | €12,335 | -€11,113 | ▼ 190% |
| Investment in fixed assets (approximation) | - | - | - | - | -€1,314 | - |
| Change in cash | - | -€1,288 | €0 | €11,153 | -€9,127 | ▼ 182% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
25-07
KBO administration
Address struck
De Motstraat 11 1040 Die Sitzadresse Rue De Mot / De Motstraat
Etterbeek · event 28-05-2025
2024
30-09
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 61 days late
2023
31-12
Financial
Weakest financial yearnet -€16,199
Net result drops to -€16,199, the lowest in the series.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
31-12
Financial
Liquidity doublescurrent ratio 3.03
Current ratio from 1.48 to 3.03; short-term debt falls from €45,067 to €24,431.
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Highest result since 2018net €25,312
Net result €25,312, the highest in the series.
31-12
Financial
Liquidity triplescurrent ratio 1.48
Current ratio from 0.57 to 1.48.
31-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 92 days late
2019
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
21-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
29-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 4 acts read
About the unread acts
We know of 4 Belgian State 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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Directors · office · real estate
Directors
No directors read yet: 0 of 4 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Etterbeek · 1 establishment unit since 2015
Ground area
357 m²
Parcel 21005A0282/00M005, Brussels. Linked by address, not a title deed.
1 establishment unit
TORPEDO STUDIO
since 20152.249.540.955
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21005A0282/00M005 | Brussels | 357 m² | - | - |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 7,298 companies in this sector we hold annual accounts for 2,364. 1,840 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded17-12-2015
Fiscal year end31-12
Activities, NACEBEL 2025
43350Other building finishing work
43120Site preparation
43230Insulation installation
69209Other tax advisory services
74130Interior design
81220Other building cleaning and industrial cleaning
95240Repair and maintenance of furniture and upholstery
E-invoicing
Reachable via Peppol
Peppol ID
0208:0644588754
Also
9925:BE0644588754
Registered
07-01-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.