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STUDIO 10

Active1 interim measure
Private limited companyfounded 1989active for 37 yearsPoldergotestraat 6, 9240 Zele, BelgiumKBO/BCE: BE 0438.534.822
Summary

The file of STUDIO 10 contains 1 interim measure, as published in the Belgian Official Gazette. The computed 12-month bankruptcy probability is 2.3% (moderate). The 2025 annual accounts show equity of €548,691 and a net result of €22,650. Equity remains stable across the filed financial years (±0.5% per year). Its solvency ranks better than 20% of 9,602 sector peers (NACE 46, financial year 2025).

Overview

Activity
Wholesale of clothing, excluding workwear and underwear
NACE 46423Agents in the wholesale of textiles, clothing, fur, footwear and leather goods NACE 46160
1 site
Size
€5.1mturnover 2025
Staff
8.6 FTE
Equity
€548,691
Profit
€22,650
Financial health
52 Fair Checked score 2025
Bankruptcy probabilitywithin 12 months
2.3%
Structure
Accounts filed 31 days late0 of 9 deeds read
Why 52raises riskLiquidity: current ratio 1.19, cash €7,683, halvedEquity €548,691 (12.6% of total assets)Latest accounts 31 days late; 2 of the last 3 latelowers riskFounded in 1989Show the evidence

Checked score

Score 2025
52 / 100
Fair
Probability in this band: 1.5% to 4.2%
Financially better than 31% of its sector peers (NACE 46, micro)
Financial strength · tick = 2024
Weak
Solvency 38+1
equity 12.6% of total assets
Liquidity 10-3
short-term debt 74.0% · cash 0.2%
Profitability 44+4
return on assets 0.5%
Bankruptcy probability, 12 months
2.3% Moderate
0%0.5%1.5%4%10%≥ 25%

About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.4% (26,874 companies, NACE 46, micro)
Last 24 months 11-2024: 2.2% 12-2024: 2.2%● unchanged vs 11-2024 01-2025: 2.2%● unchanged vs 12-2024 02-2025: 2.2%● unchanged vs 01-2025 03-2025: 2.2%● unchanged vs 02-2025 04-2025: 2.2%● unchanged vs 03-2025 05-2025: 2.2%● unchanged vs 04-2025 06-2025: 2.2%● unchanged vs 05-2025 07-2025: 2.8%▲ +0.6 percentage points vs 06-2025 08-2025: 3.7%▲ +0.9 percentage points vs 07-2025 09-2025: 4.3%▲ +0.6 percentage points vs 08-2025highest value 10-2025: 2.1%▼ -2.2 percentage points vs 09-2025 11-2025: 2.1%● unchanged vs 10-2025 12-2025: 2.1%● unchanged vs 11-2025 01-2026: 2.1%● unchanged vs 12-2025lowest value 02-2026: 2.1%● unchanged vs 01-2026 03-2026: 2.1%● unchanged vs 02-2026 04-2026: 2.1%● unchanged vs 03-2026 05-2026: 2.1%● unchanged vs 04-2026 06-2026: 2.2%▲ +0.1 percentage points vs 05-2026 07-2026: 2.2%● unchanged vs 06-2026 08-2026: 3.5%▲ +1.3 percentage points vs 07-2026 09-2026: 2.3%▼ -1.2 percentage points vs 08-2026 10-2026: 2.3%● unchanged vs 09-2026
Credit of up to €25,000 on 30-day terms, only on tighter conditions: interim measures (e.g. provisional administrator)
Liquidity tight (current ratio 1.19, compared with 1.2 in 2024, below the usual 1.5; short-term debt: 74% and cash: 0.2% of total assets), and 87.4% of the assets are financed with debt and provisions.
How it is calculated

The band follows from the bankruptcy probability, on a scale where 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): better than 25% on solvency, 11% on liquidity, 35% on profitability and 53% on growth.

The bankruptcy probability was computed on 13-10-2026 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.

Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).

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Signals

Seven signals.
lowers riskraises riskneutral
raises risk · Liquidity: current ratio 1.19, cash €7,683, halved
NBB · annual accounts
raises risk · Equity €548,691 (12.6% of total assets)
NBB · annual accounts
raises risk · Latest accounts 31 days late; 2 of the last 3 late
NBB · filings
lowers risk · Founded in 1989
Companies that have existed this long fail less often; how much that weighs depends on the rest of its profile.
KBO
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 20% of 9602 sector peers (2025).
NBB · sector comparison
Position among 9602 sector peers
Solvency
better than 20%
← weakest strongest →
raises risk · Interim administration
1 publication on interim administration in the Belgian Official Gazette. An early signal, not a finding of bankruptcy.
Belgian Official Gazette
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 31 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 filings
Deviation from the deadline
2025
31 days late
2024
31 days late
2023
28 days late
2022
107 days late
2021
31 days late
2020
129 days late
2019
70 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 41 days after the deadline; the sector median (NACE 46) for financial year 2024 is 3 days before the deadline, and 39% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 31 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
14-10-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
Searched since 2021.
KBO publications · our coverage
  1. Annual accounts filedfinancial year 2025 · abbreviated…
  2. Annual accounts filedfinancial year 2024 · abbreviated…
  3. Annual accounts filedfinancial year 2023 · abbreviated…

Key points

  • Caution: Among the weakest 20% on solvencysector median 43.3% · 9,602 companies 12.6% View
  • Active since 1989founded 06-10-1989 37 years View
  • Turnover 20254 financial years filed €5.1m View

By topic

Financials

Financial year
2025
Turnover
€5.1m
Profit
€22,650
Solvency
12.6%
Turnover▼ 36.9%
Net result
20182025
Go to Financials

Timeline

Events
41
Since
1991
Next accounts
by 31-07-2027
  1. 31-12-2023Highest result from 2018 to 2025
  2. 31-12-2023Equity above €500,000
  3. 15-11-2023Annual accounts filed
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Wholesale of clothing, excluding workwear and underwearNACE 46423
Founded
06-10-1989
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

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