STUDIEGROEP LABYRINT
ActiveSTUDIEGROEP LABYRINT has been active since 1984 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €772k and a net result of €24k. Equity remains stable across the filed fiscal years (±0.2% per year). Its solvency ranks better than 48% of 1986 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
65
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability50▲+3
Solvency70▲+3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €50k at 30 days acceptable
Liquidity tight (current ratio 1.32 against 1.24 in 2024; short-term debt: 52.7% and cash: 3.5% of total assets), and 55.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
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
Sector 71
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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
44.7%
Return on assets
1.4%
Age of the figures
12 mo
neutral · Filed after the deadline
The financial year that closed on 30-09-2025 was due by 30-04-2026 and was filed on 12-05-2026, 12 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 · 10 filingsDeviation from the deadline
2025
12 d late
2024
20 d late
2023
8 d late
2022
54 d late
2021
146 d late
2020
31 d late
2019
140 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
17-09-2026 today30-09-2026 close30-04-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€772k▲ 3.3%
2024 · €747k
2018: €740k
2019: €741k
2020: €756k
2021: €737k
2022: €719k
2023: €734k
2024: €747k
2018 → 2025
Total assets
€1.73M▼ 2.4%
2024 · €1.77M
2018: €2.08M
2019: €2.03M
2020: €2.17M
2021: €2.26M
2022: €1.81M
2023: €1.67M
2024: €1.77M
2018 → 2025
Net result
€24k▲ 85.0%
2024 · €13k
2018: €4k
2019: €2k
2020: €15k
2021: €11k
2022: €11k
2023: €45k
2024: €13k
2018 → 2025
Working capital
€295k▲ 31.6%
2024 · €224k
2018: €193k
2019: €156k
2020: €189k
2021: €108k
2022: €200k
2023: €212k
2024: €224k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€737k-€719k▼ 2.5%€734k▲ 2.2%€747k▲ 1.8%€772k▲ 3.3%
Operating result€26k-€28k▲ 6.8%€80k▲ 187%€74k▼ 7.9%€87k▲ 18.6%
Net result€11k-€11k▲ 5.0%€45k▲ 297%€13k▼ 71.0%€24k▲ 85.0%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 19% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.73M
Fixed assets
€523k▼ 16.9%
Current assets
€1.21M▲ 5.7%
Equity and liabilities €1.73M
Equity
€772k▲ 3.3%
Debt
€957k▼ 6.5%
The debt ratio falls from 57.8% to 55.3%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€183k▲
2024 · €165k
Cash flow
€120k▲
2024 · €104k
Solvency
44.7%▲
2024 · 42.2%
Current ratio
1.32▲
2024 · 1.24
Quick ratio
0.70=
2024 · 0.70
Debt / equity
1.24▼
2024 · 1.37
ROE
3.2%▲
2024 · 1.8%
ROA
1.4%▲
2024 · 0.7%
Interest coverage
3.56▲
2024 · 3.23
Debt
€957k▼
2024 · €1.02M
Debt ≤ 1 year
€911k▼
2024 · €917k
Debt > 1 year
€46k▼
2024 · €106k
Income taxes
€13k▲
2024 · €10k
Staff costs
€660k▲
2024 · €609k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€1.77M€1.73M▼
Formation expenses20€0€0=
Fixed assets21/28€630k€523k▼
Intangible fixed assets21€0€0=
Tangible fixed assets22/27€613k€518k▼
Land and buildings22€446k€426k▼
Plant, machinery and equipment23€53k€37k▼
Furniture and vehicles24€14k€2k▼
Leasing and similar rights25€100k€53k▼
Financial fixed assets28€16k€5k▼
Current assets29/58€1.14M€1.21M▲
Stocks and contracts in progress3€503k€572k▲
Stocks30/36€122k€135k▲
Contracts in progress37€381k€437k▲
Amounts receivable within one year40/41€563k€544k▼
Trade receivables40€549k€528k▼
Other amounts receivable41€14k€16k▲
Current investments50/53€300€300=
Cash at bank and in hand54/58€64k€60k▼
Deferred charges and accrued income490/1€11k€30k▲
Equity and liabilities
Total equity and liabilities10/49€1.77M€1.73M▼
Equity10/15€747k€772k▲
Contributions10/11€25k€25k=
Capital10€25k€25k=
Issued capital100€25k€25k=
Revaluation surpluses12€250k€250k=
Reserves13€174k€174k=
Non-distributable reserves130/1€2k€2k=
Legal reserve130€2k€2k=
Tax-exempt reserves132€88k€88k=
Distributable reserves133€84k€84k=
Profit (loss) carried forward14€298k€323k▲
Amounts payable17/49€1.02M€957k▼
Amounts payable after more than one year17€106k€46k▼
Financial debts170/4€106k€46k▼
Amounts payable within one year42/48€917k€911k▼
Current portion of amounts payable after more than one year42€656k€569k▼
Trade debts44€22k€40k▲
Suppliers440/4€22k€40k▲
Advances received on contracts in progress46€0€0=
Taxes, remuneration and social security45€71k€107k▲
Taxes450/3€19k€54k▲
Remuneration and social security454/9€52k€53k▲
Other amounts payable47/48€167k€195k▲
Income statement
Code20242025
Remuneration, social security and pensions62€609k€660k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€91k€96k▲
Other operating charges640/8€14k€12k▼
Gross operating margin9900€787k€855k▲
Operating profit (loss)9901€74k€87k▲
Financial income75/76B€367€1k▲
Recurring financial income75€367€1k▲
Financial charges65/66B€51k€51k▲
Recurring financial charges65€51k€51k▲
Profit (loss) for the period before taxes9903€23k€37k▲
Income taxes67/77€10k€13k▲
Profit (loss) for the period9904€13k€24k▲
Profit (loss) for the period to be appropriated9905€13k€24k▲
Appropriation of the result
Profit (loss) to be appropriated9906€298k€323k▲
Profit (loss) brought forward from the previous period14P€285k€298k▲
Social balance
Average headcount (FTE)908710.310.5▲
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
12-05
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 12 days late
2025
20-05
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 20 days late
2024
08-05
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 8 days late
2023
30-09
Financial
Highest result since 2018net €45k ▲297%
Net result €45k, the highest in the series.
23-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 54 days late
2022
23-09
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 146 days late
2021
31-05
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
17-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 140 days late
2019
30-09
Financial
Weakest financial yearnet €2k ▼59.9%
Net result drops to €2k, the lowest in the series; recovery starts the following year.
29-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 60 days late
2018
23-05
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 23 days late
2017
31-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Asse · 1 establishment unit since 1989
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.
Z. 5 Mollem 2701730 AsseGround area
2,859 m²
Building footprint
1,225 m²
Volume, LiDAR
6,835 m³
Parcel 23053B0258/00W003, Flanders · tallest building 7.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
STUDIEGROEP LABYRINT
since 19892.026.436.403
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23053B0258/00W003 | Flanders | 2,859 m² | 1 · 1,225 m² | 7.4 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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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YCON
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DEMEFCO
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Of 11,553 companies in sector 71121 we hold annual accounts for 6,555. 3,826 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company (pre-2019)
Founded10-12-1984
Fiscal year end30-09
Activities, NACEBEL
22260Manufacture of rubber and plastic products
25240
71121Engineering and related technical consultancy, excluding land surveyors
74203
Sources
Crossroads Bank for EnterprisesNational Bank · 38 filingsAddress and cadastre registers
Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.