Summary
Conclusion
the dossier summarised in one paragraphThe computed 12-month bankruptcy probability of STUDIO SI is 2.3% (moderate). The 2024 annual accounts show equity of €18k and a net result of €-1k. Equity is growing by ~10.8% per year across the filed fiscal years. Its solvency ranks better than 30% of 6722 sector peers (fiscal year 2024). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Based on the State Gazette, CBE and 4 annual accounts.
Bankruptcy probability (12 mo)
Checked model v1 · free for everyone2.3%
Moderate
0%0,5%1,5%4%10%≥25%
Young company
+Higher-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?
Filing behaviour
From the deposit records, complete market-wideFiled after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 28-08-2025, 28 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
This company changed its financial year: its two most recent filings do not close on the same date. Each filed year keeps its own exact deadline, but we project no following year on 31-12, because adding twelve months right after a change is unreliable. 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 |
|---|---|---|---|---|
| 31-12-2024 | 31-07-2025 | 28-08-2025 | 28 d late | 2025-00480052 |
| 30-06-2023 | 31-01-2024 | 29-01-2024 | 2 d early | 2024-00014009 |
| 30-06-2022 | 31-01-2023 | 30-01-2023 | 1 d early | 2023-00016000 |
| 30-06-2021 | 31-01-2022 | 27-01-2022 | 4 d early | 2022-03800042 |
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 signalsMore than 3 years active
Founded in 2020, 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€-1k
Working capital€-93k
Annual accounts & ratios
Source: NBB · 2024Annual accounts filed on 28-08-2025 with the NBB · fiscal year 2024 · micro
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
growing
Equity: growth of ~10.8%/year over 4 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 47, Retail trade · compared within the same schema type (micro schema)
| Metric | This company | Sector median | Position in the sector |
|---|---|---|---|
| Solvency | 3.1% | 20.4% | |
| Net result | €-1k | €4k | |
| Equity | €18k | €16k | |
| Gross operating margin | €38k | €24k | |
| Total assets | €573k | €94k |
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).
P30
Stable position over 2021-2024
· n=2693-6722
P33
Weakening position over 2021-2024
· n=2684-6703
P52
Stable position over 2021-2024
· n=2697-6737
P60
Stable position over 2021-2024
· n=2670-6682
Describes the position versus peers, not a forecast.
€35k
+311.8%
21-24
€-1k
-
21-24
€27k
+283.3%
21-24
€573k
+1566.8%
21-24
€18k
-6.0%
21-24
€-93k
-
21-24
€702
-36.8%
21-24
€555k
+3539.4%
21-24
Show 9 other metrics
€172k
+1479.8%
21-24
€383k
+8683.2%
21-24
0.46
-76.0%
21-24
0.37
-80.6%
21-24
3.1%
-94.4%
21-24
30.88
+3773.2%
21-24
-6.4%
-
21-24
-0.2%
-
21-24
4.66
-77.5%
21-24
Figures by fiscal year
| Fiscal year | 2024 |
|---|---|
| Deposit | micro |
| Revenue | - |
| EBITDA | €35k |
| Net profit | €-1k |
| Cash flow | €27k |
| Staff costs | - |
| Income taxes | €702 |
| Dividends | - |
| Total assets | €573k |
| Equity | €18k |
| Debt | €555k |
| of which ≤ 1y | €172k |
| of which > 1y | €383k |
| Working capital | €-93k |
| Employees (FTE) | - |
Ratios (computed)
| 2024 | |
|---|---|
| Current ratio | 0.46 |
| Quick ratio | 0.37 |
| Working capital ratio | -16.3% |
| Solvency | 3.1% |
| Debt / equity | 30.88 |
| Long-term debt ratio | 21.31 |
| Interest coverage | 4.66 |
| Gross margin | - |
| Net margin | - |
| ROA | -0.2% |
| ROE | -6.4% |
| EBITDA margin | - |
| Days sales outstanding | - |
| Days payable outstanding | - |
| Inventory turnover | - |
| Days inventory (DSI) | - |
Balance-sheet composition 2024
Full annual accounts (24 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2024 |
|---|---|---|
| Balance sheet, Assets | ||
| TOTAL ASSETS | 20/58 | €573k |
| Fixed assets | 21/28 | €495k |
| Tangible fixed assets | 22/27 | €495k |
| Current assets | 29/58 | €79k |
| Stocks & contracts in progress | 3 | €15k |
| Amounts receivable within one year | 40/41 | €16k |
| Cash & bank | 54/58 | €47k |
| Balance sheet, Equity & liabilities | ||
| TOTAL EQUITY & LIABILITIES | 10/49 | €573k |
| Equity | 10/15 | €18k |
| Contributions / capital | 10/11 | €3k |
| Reserves | 13 | €16k |
| Accumulated profits (losses) | 14 | €-1k |
| Amounts payable | 17/49 | €555k |
| Amounts payable after one year | 17 | €383k |
| Amounts payable within one year | 42/48 | €172k |
| Trade debts payable within one year | 44 | €53k |
| Income statement | ||
| Gross operating margin | 9900 | €38k |
| Operating result | 9901 | €7k |
| Financial income | 75 | €1 |
| Financial charges | 65 | €8k |
| Result before taxes | 9903 | €-453 |
| Income taxes | 67/77 | €702 |
| Net result for the period | 9904 | €-1k |
| Result to be appropriated | 9905 | €-1k |
This table shows the latest fiscal year. 3 prior years, with figures and ratios, belong to a paid plan.
See plans →
Ratios computed by Checked.
Health barometer
FY 2024 · computed20
/ 100
Critical
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.
The full score breakdown, per-year score history and the indicative credit limit are in Kantoor S.
See plans →Computed by Checked from the NBB filing for FY 2024. Indicative, not credit advice.
Directors
Directors & mandates
2 directorsCurrent directors & mandates
-
VAN ONSEM Iris Martine RogerDirectorState Gazette act 24409264 (26-06-2024)Current26-06-2024 → present
Former directors (1)
-
BOERJAN Jean-Claude Albert JacquesDirectorState Gazette act 24409264 (26-06-2024)Former- → 26-06-2024
Full appointment history from the Belgian State Gazette. Permanent representatives are shown for corporate directors.This list is read straight from this company's published acts, not from the officer register.
Insolvency mandates
No insolvency mandates (liquidators, administrators) on record for this company.
Legal Structure
| NACE primary | Detailhandel in zuivelproducten en eieren(47271) |
| Legal form | Private limited company(610) |
| Incorporation | 13-11-2020 |
| Status | Active |
| Postal code | 8790 |
Structure & network
Locations & real estate
Registered office
from the Crossroads BankCannot 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.
Jozef Duthoystraat 88790 WaregemEstablishment units
1 locationStudio Si
since 20202.309.629.287
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area140 m²
Buildings1
Building footprint114 m²
Volume (LiDAR)747 m³
Tallest building10.1 m · ±2 fl.
Real-estate footprint
Source: CBE × cadastre · address linkingParcels 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.
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34040C0635/00K000 | Flanders | 140 m² | 1 · 114 m² | 10.1 m · 2 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
Belgisch Staatsblad · acts
2 acts Address history · 1
18-12-2024
Registered-office move
All acts · 2
updated 1 year ago
2024
18-12-2024 Registered office moved from Deurle to Waregem
- Lijnstraat 15, 9831 Deurle → Jozef Duthoystraat 8, 8790 Waregem
26-06-2024 1 director appointed, 1 resigning
- VAN ONSEM Iris Martine Roger, Bestuurder
- BOERJAN Jean-Claude Albert Jacques, Bestuurder
Notary:
Frits GUISSON · AalterFirm:
NOTARIS FRITS GUISSON, notarisvennootschap
Analysis
Financial profile
5 of 5 axes measured34
/ 100
Fragile profile, watch profitability in particular.
All 5 axes are computed from data Checked has read.
Health
20
Profitability
0
Solvency
2
Growth
52
Stability
94
Credit advice
verdict per customer and amountSimilar
Similar companies
Comparable size, same sectorBE 1001.516.783 · Kruisem
BE 1001.011.888 · Verviers
BE 0788.609.703 · Charleroi
BE 0759.523.064 · Merchtem
BE 0765.878.841 · Sint-Niklaas
We hold annual accounts for 32 of the 400 companies in this sector. 25 of them are within a factor 10 of this company's equity.
Company registry
Company registry (CBE)
Crossroads BankActivities
Detailhandel in zuivelproducten en eieren47271Detailhandel in zuivelproducten en eieren in gespecialiseerde winkels47291Detailhandel in vlees en vleesproducten, muv vlees van wild en van gevogelte47221Detailhandel in brood en banketbakkerswerk (koude bakkers)47241Detailhandel in wijnen en geestrijke dranken47251Detailhandel in dranken, algemeen assortiment47252Catering van evenementen56210Holdings64200Activiteiten van holdings64210Verhuur en exploitatie van eigen of geleased residentieel onroerend goed, exclusief sociale woningen68201Verhuur en exploitatie van eigen of geleased niet-residentieel onroerend goed, exclusief terreinen68203Overige zakelijke dienstverlening, neg82990
Primary activity highlighted.
Names & trade names
| Legal nameNL | STUDIO SI |
Registered office
Jozef Duthoystraat 8
8790 Waregem, Belgium
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.