VS STUDIO
ActiveSummary
VS STUDIO has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €15k and a net result of €19k. Equity is growing by ~10.3% per year across the filed fiscal years. Its solvency ranks better than 22% of 9494 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+5
Solvency46=
Growth78=
Track record94
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €1k at 30 days acceptable
Liquidity tight (current ratio 1.08 against 1.13 in 2024; short-term debt: 72.4% and cash: 35.8% of total assets), and 79.3% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 71
Relative position
BE, all sectors
reference
Architectural and engineering activities; technical testing and analysis (NACE 71)
about 56% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
20.7%
Return on assets
26.9%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 9494 sector peers (2025).
NBB · sector comparisonPosition among 9494 sector peers
Solvency
better than 22%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-05-2026, 63 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
63 d early
2024
29 d early
2023
33 d early
2022
3 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Turnover
€116k
EBIT margin
23.2%
Net result
€19k▲ 30.6%
2024 · €15k
2022: €3klowest in 4 years
2023: €9k▲ +196% vs 2022
2024: €15k▲ +68.1% vs 2023
2025: €19k▲ +30.6% vs 2024highest in 4 years
2022 → 2025
Working capital
€4k▼ 30.2%
2024 · €6k
2022: €5k
2023: €17k▲ +218% vs 2022highest in 4 years
2024: €6k▼ -65.7% vs 2023
2025: €4k▼ -30.2% vs 2024lowest in 4 years
2022 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Turnover€116k
Equity€6k-€15k▲ 147%€15k▲ 0.5%€15k=
2022: €6klowest in 4 years
2023: €15k▲ +147% vs 2022
2024: €15k▲ +0.5% vs 2023
2025: €15k● +0.0% vs 2024highest in 4 years
Operating result€5k-€13k▲ 143%€20k▲ 54.4%€27k▲ 35.7%
2022: €5klowest in 4 years
2023: €13k▲ +143% vs 2022
2024: €20k▲ +54.4% vs 2023
2025: €27k▲ +35.7% vs 2024highest in 4 years
Net result€3k-€9k▲ 196%€15k▲ 68.1%€19k▲ 30.6%
2022: €3klowest in 4 years
2023: €9k▲ +196% vs 2022
2024: €15k▲ +68.1% vs 2023
2025: €19k▲ +30.6% vs 2024highest in 4 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen three years in a row; 2025 is 36% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €72k
Fixed assets
€16k ▼ 20.1%
Current assets
€56k ▲ 11.2%
Equity and liabilities €72k
Equity
€15k =
Debt
€57k ▲ 3.0%
Debt's share of the balance-sheet total rises from 78.8% to 79.3%. Debt is higher.
Key figures and ratios
EBITDA
€34k▲
2024 · €21k
Cash flow
€27k▲
2024 · €16k
Current ratio
1.08▼
2024 · 1.13
Debt to equity
3.83▲
2024 · 3.72
ROE
129.9%▲
2024 · 99.6%
ROA
26.9%▲
2024 · 21.1%
Interest coverage
51.71▼
2024 · 58.71
Debt ≤ 1 year
€52k▲
2024 · €45k
Debt > 1 year
€5k▼
2024 · €11k
Income taxes
€7k▲
2024 · €5k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 47 lines
Balance sheet
Code20242025
Assets
Total assets20/58€70k€72k▲
Fixed assets21/28€20k€16k▼
Tangible fixed assets22/27€20k€16k▼
Furniture and vehicles24€20k€16k▼
Financial fixed assets28€52€52=
Current assets29/58€50k€56k▲
Amounts receivable within one year40/41€5k€29k▲
Trade receivables40€5k€29k▲
Cash at bank and in hand54/58€45k€26k▼
Deferred charges and accrued income490/1€283€1k▲
Equity and liabilities
Total equity and liabilities10/49€70k€72k▲
Equity10/15€15k€15k=
Contributions10/11€3k€3k=
Reserves13€12k€12k=
Tax-exempt reserves132€12k-
Distributable reserves133-€12k
Profit (loss) carried forward14€77€82▲
Amounts payable17/49€55k€57k▲
Amounts payable after more than one year17€11k€5k▼
Financial debts170/4€11k€5k▼
Amounts payable within one year42/48€45k€52k▲
Current portion of amounts payable after more than one year42€5k€6k▲
Trade debts44€14k€14k▼
Suppliers440/4€14k€14k▼
Taxes, remuneration and social security45€8k€7k▼
Taxes450/3€7k€7k▼
Remuneration and social security454/9€464€320▼
Other amounts payable47/48€17k€25k▲
Income statement
Code20242025
Turnover70-€116k
Non-recurring operating income76A-€0
Goods, raw materials, services and sundry goods60/61-€85k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€8k▲
Other operating charges640/8€902€1k▲
Gross operating margin9900€22k€35k▲
Operating profit (loss)9901€20k€27k▲
Financial income75/76B€18€0▼
Recurring financial income75€18€0▼
Financial charges65/66B€361€664▲
Recurring financial charges65€361€664▲
Profit (loss) for the period before taxes9903€19k€26k▲
Income taxes67/77€5k€7k▲
Profit (loss) for the period9904€15k€19k▲
Profit (loss) for the period to be appropriated9905€15k€19k▲
Appropriation of the result
Profit (loss) to be appropriated9906€15k€19k▲
Profit (loss) brought forward from the previous period14P-€77
Profit to be distributed694/7€15k€19k▲
Return on contributions (dividend)694€15k€19k▲
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Turnover70 | - | - | - | €116k | - |
| Non-recurring operating income76A | - | - | - | €0 | - |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €85k | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €194 | €273 | €1k | €8k | ▲ 424% |
| Other operating charges640/8 | €1k | €731 | €902 | €1k | ▲ 12.8% |
| Gross operating margin9900 | €7k | €14k | €22k | €35k | ▲ 60.1% |
| Operating profit (loss)9901 | €5k | €13k | €20k | €27k | ▲ 35.7% |
| Financial income75/76B | - | €34 | €18 | €0 | ▼ 100% |
| Recurring financial income75 | - | €34 | €18 | €0 | ▼ 100% |
| Financial charges65/66B | €584 | €42 | €361 | €664 | ▲ 84.1% |
| Recurring financial charges65 | €584 | €42 | €361 | €664 | ▲ 84.1% |
| Profit (loss) for the period before taxes9903 | €5k | €13k | €19k | €26k | ▲ 34.7% |
| Income taxes67/77 | €2k | €4k | €5k | €7k | ▲ 48.0% |
| Profit (loss) for the period9904 | €3k | €9k | €15k | €19k | ▲ 30.6% |
| Profit (loss) for the period to be appropriated9905 | €3k | €9k | €15k | €19k | ▲ 30.6% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €21k | €29k | €70k | €72k | ▲ 2.4% |
| Fixed assets21/28 | €676 | €403 | €20k | €16k | ▼ 20.1% |
| Tangible fixed assets22/27 | €624 | €351 | €20k | €16k | ▼ 20.1% |
| Furniture and vehicles24 | €624 | €351 | €20k | €16k | ▼ 20.1% |
| Financial fixed assets28 | €52 | €52 | €52 | €52 | = |
| Current assets29/58 | €20k | €29k | €50k | €56k | ▲ 11.2% |
| Amounts receivable within one year40/41 | €8k | €6k | €5k | €29k | ▲ 435% |
| Trade receivables40 | €8k | €6k | €5k | €29k | ▲ 435% |
| Cash at bank and in hand54/58 | €12k | €22k | €45k | €26k | ▼ 42.5% |
| Deferred charges and accrued income490/1 | €513 | €652 | €283 | €1k | ▲ 324% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €21k | €29k | €70k | €72k | ▲ 2.4% |
| Equity10/15 | €6k | €15k | €15k | €15k | = |
| Contributions10/11 | €3k | €3k | €3k | €3k | = |
| Reserves13 | €3k | €12k | €12k | €12k | = |
| Tax-exempt reserves132 | - | - | €12k | - | - |
| Distributable reserves133 | €3k | €12k | - | €12k | - |
| Profit (loss) carried forward14 | - | - | €77 | €82 | ▲ 6.8% |
| Amounts payable17/49 | €15k | €14k | €55k | €57k | ▲ 3.0% |
| Amounts payable after more than one year17 | - | - | €11k | €5k | ▼ 53.7% |
| Financial debts170/4 | - | - | €11k | €5k | ▼ 53.7% |
| Amounts payable within one year42/48 | €15k | €12k | €45k | €52k | ▲ 16.5% |
| Current portion of amounts payable after more than one year42 | - | - | €5k | €6k | ▲ 3.7% |
| Trade debts44 | €6k | €4k | €14k | €14k | ▼ 1.8% |
| Suppliers440/4 | €6k | €4k | €14k | €14k | ▼ 1.8% |
| Taxes, remuneration and social security45 | €3k | €8k | €8k | €7k | ▼ 8.5% |
| Taxes450/3 | €3k | €8k | €7k | €7k | ▼ 7.0% |
| Remuneration and social security454/9 | - | - | €464 | €320 | ▼ 31.0% |
| Other amounts payable47/48 | €6k | - | €17k | €25k | ▲ 46.5% |
| Accrued charges and deferred income492/3 | - | €2k | - | - | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €3k | €9k | €15k | €19k | ▲ 30.6% |
| + Depreciation and write-downs630 | €194 | €273 | €1k | €8k | ▲ 424% |
| Operating cash flow (approximation) | €3k | €9k | €16k | €27k | ▲ 65.5% |
| Investment in fixed assets (approximation) | - | €0 | €-21k | €-4k | ▲ 82.6% |
| Change in cash | - | €10k | €23k | €-19k | ▼ 184% |
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
Next filing, fiscal year 2026, expected by
2026
29-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2022net €19k ▲30.6%
Operating result €27k, net result €19k, both a record.
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
28-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Vorst · 1 establishment unit since 2021
Ground area
104 m²
Building footprint
105 m²
Volume, LiDAR
1,485 m³
Parcel 21383B0031/00P032, Brussels · tallest building 25.6 m, ±6 floors. Linked by address, not a title deed.
5
companies at this address
See who is registered here
1 establishment unit
Hoogte Honderdplein 22, 1190 Vorst
since 20212.324.987.060
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21383B0031/00P032 | Brussels | 104 m² | 1 · 105 m² | 25.6 m · 6 fl. |
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 3,920 companies in sector 71112 we hold annual accounts for 1,295. 882 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded02-12-2021
Fiscal year end31-12
Activities, NACEBEL 2025
71112Activities of interior architects
Scores and ratios are computed by Checked and are not a credit decision.