ILO STUDIO · Checked.be

Summary

Conclusion

the dossier summarised in one paragraph

The computed 12-month bankruptcy probability of ILO STUDIO is 1.0% (low). The 2024 annual accounts show negative equity (€-10k) and a net result of €15k. Equity is growing by ~2.7% per year across the filed fiscal years. Its solvency ranks better than 5% of 3380 sector peers (fiscal year 2024). The company has been active since 2022 and the Belgian State Gazette contains no insolvency or warning signals.

Based on the State Gazette, CBE and 3 annual accounts.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

1.0% Low

0%0,5%1,5%4%10%≥25%

Young company +Lower-failure-rate sector −Annual accounts: weaker financial profile +

Statistical estimate based on public sources, not credit advice nor a finding of fact. How do we compute this?

Signals

1 signal · with evidence

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 5% of 3380 sector peers (2024).

View the sector comparison

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Filing behaviour

From the deposit records, complete market-wide

Deadline passed, not yet counted as missing

The deadline for the year that closed on 31-12-2025 passed on 31-07-2026, 12 days ago. Our copy of the deposit register trails the National Bank (measured: median 14 days, p99 45 days), so we only call this filing missing from 45 days past the deadline.

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 04-09-2025, 35 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.

How we compute the deadline

The year end is derived from 3 filed financial years, each closing on 31-12. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2024, that is 31-07-2025.

Deadline per financial year

Year closed	Due by	Filed	Variance	Reference
31-12-2025	31-07-2026	nothing on record	not filed	-
31-12-2024	31-07-2025	04-09-2025	35 d late	2025-00478431
31-12-2023	31-07-2024	31-08-2024	31 d late	2024-00422721
31-12-2022	31-07-2023	30-08-2023	30 d late	2023-00380947

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals

More than 3 years active

Founded in 2022, past the statistically most fragile first 3 years.

No legal incidents

No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Financials

TurnoverNot published (abbreviated filing)

EBIT marginNot published (abbreviated filing)

Net result€15k

Working capital€-15k+51.3%

CSV export

Annual accounts & ratios

Source: NBB · 2024

Annual accounts filed on 04-09-2025 with the NBB · fiscal year 2024 · micro

Operating resultNet result

Trajectory (indicative)

Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.

growing Equity: growth of ~2.7%/year over 3 fiscal years, indicative, assuming unchanged policy.

Solid line = filed figures · dashed = extended trend · area = indicative range.

How do we compute this?

The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.

The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.

A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).

Sector comparison

Fiscal year 2024 · NACE 71, Architecture & engineering · compared within the same schema type (micro schema)

Metric	This company	Sector median	Position in the sector
Solvency	-29.3%	55.1%	better than 5% of 3380 sector peers
Net result	€15k	€19k	better than 44% of 3380 sector peers
Equity	€-10k	€45k	better than 5% of 3382 sector peers
Gross operating margin	€21k	€38k	better than 32% of 3377 sector peers
Total assets	€34k	€95k	better than 16% of 3381 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

Sector position over time

Percentile per fiscal year versus peers that filed figures, computed year by year (a year without enough peers is absent).

Solvency P5

Stable position over 2022-2024 · n=1914-3380

Net result P44

Improving position over 2022-2024 · n=1915-3380

Equity P5

Stable position over 2022-2024 · n=1914-3382

Gross operating margin P32

Improving position over 2022-2024 · n=1912-3377

Describes the position versus peers, not a forecast.

EBITDA

€19k

- 22-24

Net profit

€15k

- 22-24

Cash flow

€17k

- 22-24

Total assets

€34k

+15.6% 22-24

Equity

€-10k

+59.9% 22-24

Working capital

€-15k

+51.3% 22-24

Staff costs

€0

- 22-24

Income taxes

€128

+3.9% 22-24

Debt

€44k

-19.0% 22-24

Debt ≤ 1y

€42k

-19.5% 22-24

Current ratio

0.64

+56.3% 22-24

Quick ratio

0.64

+56.3% 22-24

Solvency

-29.3%

+65.3% 22-24

Debt / equity

-4.42

-102.2% 22-24

ROE

-149.5%

- 22-24

ROA

43.7%

- 22-24

Interest coverage

7.65

- 22-24

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2024
Deposit	micro
Revenue	-
EBITDA	€19k
Net profit	€15k
Cash flow	€17k
Staff costs	-
Income taxes	€128
Dividends	-
Total assets	€34k
Equity	€-10k
Debt	€44k
of which ≤ 1y	€42k
of which > 1y	-
Working capital	€-15k
Employees (FTE)	-

Ratios (computed)

	2024
Current ratio	0.64
Quick ratio	0.64
Working capital ratio	-44.3%
Solvency	-29.3%
Debt / equity	-4.42
Long-term debt ratio	-
Interest coverage	7.65
Gross margin	-
Net margin	-
ROA	43.7%
ROE	-149.5%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2024

Assets

Fixed assets €7k · 20.0% Current assets €27k · 80.0%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2024
Balance sheet, Assets
TOTAL ASSETS	20/58	€34k
Fixed assets	21/28	€7k
Tangible fixed assets	22/27	€7k
Current assets	29/58	€27k
Amounts receivable within one year	40/41	€25k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€34k
Equity	10/15	€-10k
Contributions / capital	10/11	€3k
Accumulated profits (losses)	14	€-13k
Amounts payable	17/49	€44k
Amounts payable within one year	42/48	€42k
Trade debts payable within one year	44	€196
Income statement
Gross operating margin	9900	€21k
Operating result	9901	€18k
Financial charges	65	€3k
Result before taxes	9903	€15k
Income taxes	67/77	€128
Net result for the period	9904	€15k
Result to be appropriated	9905	€15k

You're seeing the latest fiscal year only. Unlock 2 prior years (figures + ratios) with a paid plan. See plans →

Ratios computed by Checked.

Health barometer

FY 2024 · computed

21 / 100 Critical

050100

Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.

See plans →

Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.

Structure & network

Locations & real estate

Registered office

from the Crossroads Bank

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.

Rue Lonhienne 174000 Liège

Establishment units

1 location

ILO STUDIO

Rue Lonhienne 17, 4000 LiègeActiviteiten van bouwarchitecten

since 20222.328.088.882

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Parcels1

Ground area96 m²

Buildings1

Building footprint77 m²

Volume (LiDAR)1,243 m³

Tallest building17.2 m · ±6 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Wallonia 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
62813E0287/00V000	Wallonia	96 m²	1 · 77 m²	17.2 m · 6 fl.

Methodology

via registered seat: 1

1 of 1 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Publications

Lifecycle & Insolvency Signals

No insolvency signals in the Belgian State Gazette

Belgian State Gazette · acts

No structured acts for this company yet

That means one of two things: the company has published no company deeds, or its deeds are still queued for reading. The insolvency signals above come from a separate source; the KBO register is the second source and appears as the legal situation on this page.

Analysis

Snowflake analysis

financial profile on 5 axes

46 / 100

Mixed profile: strong on stability, weaker on profitability.

All 5 axes are computed from data Checked has read.

Health 21

Profitability 0

Solvency 37

Growth 78

Stability 94

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AI due-diligence brief

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Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.

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The brief is drafted by our AI model at Anthropic in the US, from this dossier's public data. Nothing that identifies you is sent along and we do not keep the brief. Indicative, not legal or investment advice. How it works

Credit advice

verdict per customer and amount

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We hold no filed accounts for this company, so a size comparison is not possible. These companies share only the sector and the region. We hold annual accounts for 1,524 of the 18,302 companies in this sector.

See full sector →

Company registry

Company registry (CBE)

Crossroads Bank

Activities

Bouwarchitecten71111Activiteiten van bouwarchitecten71111Activiteiten van interieurarchitecten71112Interieurarchitecten71112Activiteiten van interieurarchitecten71112

Primary activity highlighted.

Names & trade names

Legal nameFR

ILO STUDIO

Registered office

Rue Lonhienne 17

4000 Liège, Belgium

Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.