Equity
VS STUDIO paid out €19,294 in dividends. That is 100% of the 2025 profit.
VS STUDIO paid out €19,294 in dividends. That is 100% of the 2025 profit.
Of this, €51,950 falls due within a year.
The last four annual accounts were filed 3 to 63 days before the end of the period.
The dashed line is the sector median: 0.1% across 14,828 companies (NACE 71, micro).
About 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
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 71, micro). It does better than 23% of them on solvency, 41% on liquidity, 88% on profitability and 40% 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 31-12-2025.
Of the companies with a bankruptcy probability in the very low class on 30-06-2025, 0.1% 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).
In July 2024, 7,976 companies had the same profile as VS STUDIO has now. Each dot stands for 20 companies, two years later.
Another 0.3% stopped without a precise date, possibly only after those two years.
The bankruptcy probability of VS STUDIO itself is lower: 0.1% within 12 months. It rests on far more data about VS STUDIO than the profile alone.
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 7,976 companies, not a prediction for VS 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.
Liquidity is tight, with a current ratio of 1.08 (1.13 in 2024), below the usual 1.5. Short-term debt is 72.4% and cash 35.8% of total assets. 79.3% of the assets are financed with debt and provisions.
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.
The company filed its last 4 accounts on average 32 days before the deadline. In the sector (NACE 71), the median for financial year 2024 was 8 days before the deadline, and 34% of those companies filed late.
| Company | ||||
|---|---|---|---|---|
| VS STUDIO Forest | €71,714 | €35,369 | 20.7% | - |
| AENTIS Brussels | €80,385 | €41,973 | 66.2% | - |
| CM CREATIVE CONSULTING Ham-sur-Heure-Nalinnes | €65,094 | €39,576 | 36.8% | - |
| SAAR Pajottegem | €71,185 | €32,805 | 39.5% | - |
| FABRA STUDIO Woluwe-Saint-Lambert | €91,113 | €29,353 | 83.7% | - |
| TORIA Brussels | €54,759 | €28,793 | -17.8% | - |
| IndacoVesta Ixelles | €73,949 | €30,514 | 84.3% | - |
These companies have the same main activity as VS STUDIO: activities of interior architects (NACE 71112). They are comparable in size and age: total assets between €54,800 and €91,100, founded between 2021 and 2023.
VS STUDIO files the micro format. That format states no turnover. The gross margin rose from €6,733 in 2022 to €35,369 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
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