Result
€200,648 ▲ 862%
The result rose in 2024 from €20,852 to €200,648.
TW-STUDIO
Lifetime
10 annual accounts with figures on one time axispeak €456,783 (2024)
€456,783▲ 69.6%
lowest -€77,517 (2015)
€200,648▲ 862%
peak €187,380 (2024)
€187,380▲ 37.0%
€1.2m▲ 184%
peak 3 FTE (2024)
3 FTE▲ 7.1%
Board1 name since 2023
1 directorSTUDIO K
Owners2 names in the annual accounts
100%STUDIO K
Documentsfilings and deeds
20-08-202520 days late
2024abbreviated format
Gross margin from €269,301 to €456,783Result from €20,852 to €200,648Equity from €136,732 to €187,380Debts from €405,900 to €1.2mCash from €97,407 to €479
Key points
from the 2024 annual accountsTurnover
≈ €2.2m estimated
The abbreviated format states no turnover.
Debts
€1.2m 86% of the balance sheet
Financial debts 5%Suppliers 67%Taxes and wages 5%Other 23%
Of this, €1.1m falls due within a year.
Filings
10 annual accounts 102 days past the deadline
2025 accounts not filed: deadline was 31-07-2026.
At the same address
18 companies
Position in the sector
14.0%
Lower solvency than 81% of companies in wholesale trade. Sector median 44.0% · 8,963 companies.
Checked score
17
Critical
Financially stronger than 45% of micro companies in wholesale trade (NACE 46)
Probability in this band: over 15.0%
Bankruptcy probability within 12 months
16.2% High
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.4% across 26,891 companies (NACE 46, micro).
About 1 in 6 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.4%lowest value
01-2025: 0.4%● unchanged vs 12-2024lowest value
02-2025: 0.4%● unchanged vs 01-2025lowest value
03-2025: 0.5%▲ +0.1 percentage points vs 02-2025
04-2025: 0.6%▲ +0.1 percentage points vs 03-2025
05-2025: 0.6%● unchanged vs 04-2025
06-2025: 0.6%● unchanged vs 05-2025
07-2025: 0.6%● unchanged vs 06-2025
08-2025: 1.0%▲ +0.4 percentage points vs 07-2025
09-2025: 1.4%▲ +0.4 percentage points vs 08-2025
10-2025: 1.4%● unchanged vs 09-2025
11-2025: 1.4%● unchanged vs 10-2025
12-2025: 1.3%▼ -0.1 percentage points vs 11-2025
01-2026: 1.3%● unchanged vs 12-2025
02-2026: 2.4%▲ +1.1 percentage points vs 01-2026
03-2026: 2.4%● unchanged vs 02-2026
04-2026: 2.4%● unchanged vs 03-2026
05-2026: 2.4%● unchanged vs 04-2026
06-2026: 5.0%▲ +2.6 percentage points vs 05-2026
07-2026: 5.0%● unchanged vs 06-2026
08-2026: 7.4%▲ +2.4 percentage points vs 07-2026
09-2026: 9.4%▲ +2.0 percentage points vs 08-2026
10-2026: 16.2%▲ +6.8 percentage points vs 09-2026highest value
11-2026: 16.2%● unchanged vs 10-2026highest value
Financial strengthWeak
Score breakdown
raises risk
Figures for financial year 2024 (filed on 20-08-2025)
1 change of registered office in 24 months
Liquidity: current ratio 1.23, cash €479, halved
Ex-officio strike-off in the KBO
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 46, micro). It does better than 26% of them on solvency, 8% on liquidity, 63% on profitability and 84% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2024.
Of the companies with a bankruptcy probability in the high class on 30-06-2025, 14.6% went bankrupt within twelve months.
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).
Comparable companies, two years later
In July 2024, 5,053 companies had the same profile as TW-STUDIO has now. Each dot stands for 13 companies, two years later.
95.9%
were still trading
2.4%
stopped another way
1.6%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of TW-STUDIO itself is higher: 16.2% within 12 months. It rests on far more data about TW-STUDIO than the profile alone.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 5,053 companies, not a prediction for TW-STUDIO. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
No credit on open account
Liquidity is tight, with a current ratio of 1.23 (1.67 in 2023), below the usual 1.5. Short-term debt is 81.5% and cash 0% of total assets. 86% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Eight signals.
raises risk
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 18% of 8963 sector peers (2024).
NBB · sector comparisonPosition among 8963 sector peers
Solvency
better than 18%
← weakest
strongest →
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 102 days later.
NBB · 10 filingsPosition against the passed deadline
31-12-2025 year end31-07-2026 deadline10-11-2026 today
raises risk · 2024 accounts filed 20 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 20-08-2025, 20 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 · 10 filingsDeviation from the deadline
2025
not filed
2024
20 days late
2023
26 days late
2022
on the day
2021
29 days late
2020
10 days late
2019
32 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 6 accounts on average 20 days after the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
raises risk · Administrative warnings in the KBO publications
The FPS Economy published 2 notices about the company, such as a strike-off for address, accounts or UBO, or their withdrawal.
KBO publicationsPublications
Address struckAddress strikeout annulled
Recent changes
Registered office moved within Balen
New registered office: Steenweg op Leopoldsburg 28 bus 2, 2490 Balen · Previous registered office: Poeierstraat 10, 2490 Balen · General meeting of 24-03-2026 · Gazette deed
Address strikeout annulled
KBO administration
1 director resigning, 1 reappointment
Resignation: STUDIO K (director) · Reappointment: STUDIO K (director) · Permanent representative: Legein Kristof · Gazette deed
Address struck
Poeierstraat 10 2490 L’adresse du siège Poeierstraat 10 2490 Poeierstraat 10, 2490 Balen
Balen werd doorgehaald met ingang van Balen · effective 11-01-2026 · KBO administration
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| TW-STUDIO Balen | €1.3m | €456,783 | 14.0% | 3 |
| Maison Vandepaer & FILS Evere | €1.7m | €321,981 | 29.8% | 3.1 |
| COCOON INTERIOR Herenthout | €1.9m | €253,521 | 16.4% | 2.2 |
| VIPS AND FRIENDS Rumst | €1.2m | €430,405 | 42.9% | 1 |
| LIVORNO SALOTTI EUROPE Sint-Niklaas | €1.3m | €199,421 | -2.4% | 1.9 |
| AQ FERO SERVICE Antwerp | €0.7m | €188,218 | 20.2% | 2.6 |
| ATK Molenbeek-Saint-Jean | €0.7m | €286,701 | 22.0% | 4.5 |
These companies have the same main activity as TW-STUDIO: wholesale trade (NACE 46471). They are comparable in size and age: total assets between €692,000 and €1.9m, founded between 2010 and 2018.
Official details
Source: KBO- Status
- Active since 05-01-2015Normal situation
- Registered office
- 19 active companies are registered at this address1 started in the 12 months before. Source: KBO register, as of 9 November 2026.
- Activity
- Wholesale tradeNACE 46471
- Establishment units
- 2.238.719.022since 05-01-2015
- 2.373.642.9532490 Balen, since 15-02-2025
- Financial year end
- 31 December
- Peppol
- Not found in the Peppol Directory
Insights on TW-STUDIO
TW-STUDIO files the abbreviated format. That format states no turnover. The gross margin rose from -€76,958 in 2015 to €456,783 in 2024.
STUDIO K holds all the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about TW-STUDIO
- What is the company number of TW-STUDIO?
- The company number of TW-STUDIO is 0568.456.523. The VAT number is the same number with BE in front: BE 0568.456.523.
- Where is TW-STUDIO based?
- The registered office is at Steenweg Op Leopoldsburg 28, 2490 Balen.Company details
- What does TW-STUDIO do?
- According to the KBO register, the main activity is wholesale trade (NACE 46471).
- What is the legal form of TW-STUDIO?
- TW-STUDIO is a private limited company (BV).
- When was TW-STUDIO founded?
- TW-STUDIO was founded on 05-01-2015.
- Is TW-STUDIO still active?
- Yes, TW-STUDIO is an active enterprise in the KBO register.
- How many employees does TW-STUDIO have?
- TW-STUDIO had an average of 3 full-time equivalents in financial year 2024, according to the filed annual accounts.Financials
- What is the turnover of TW-STUDIO?
- The turnover in financial year 2024 is ≈ €2.2m. This figure is estimated from the gross margin of €456,783 and 36 comparable companies (NACE 464). It probably lies between €1.6m and €3.2m.
- Is TW-STUDIO profitable?
- In financial year 2024, TW-STUDIO made a profit of €200,648.
- Where can I find the annual accounts of TW-STUDIO?
- TW-STUDIO filed 10 annual accounts with the National Bank of Belgium, the latest for financial year 2024.
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark See what changed in the latest annual accounts.What changed
See how customers, suppliers and banks see your own company and what to improve first.