Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 50 % of short-term debt in 2024; threshold 65 %.
-
Legal situation KBO
Opening faillissement according to the CBE.
Financials
Financial year 2024
THE COLOR STUDIO from Waregem, company number BE0537853122, closed financial year 2024 with a result of € 13,591 after tax. For that financial year THE COLOR STUDIO recorded a gross margin of € 94,801 and equity of € 76,047. Compared with financial year 2023, the result moved from € -78,286 to € 13,591. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on June 25, 2025.
€ 76,047
▲ 20% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 13,591
▲ still € 78,286 loss in 2023
Profit after tax over the fiscal year.
€ 18,256
▼ 33% vs 2023
Cash and bank balances on the last day of the fiscal year.
€ 833 paid out
6 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2024
€ 31,986
▼ 67% vs 2023
Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 5,329
▼ 35% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
€ 120,190
▼ 31% vs 2023
€ 32,322 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 8,070
▼ 64% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 7,630
▼ 61% vs 2023
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Gross margin | € 224,582 | € 72,206 | € 76,471 | € 94,801 | ▲ 24% |
| Profit after taxes | € 104,832 | € -60,389 | € -78,286 | € 13,591 | ▲ € 91,877 |
| Equity | € 260,964 | € 141,575 | € 63,289 | € 76,047 | ▲ 20% |
| Total debts | € 242,226 | € 306,620 | € 216,703 | € 136,723 | ▼ 37% |
| Cash | € 123,850 | € 68,093 | € 27,192 | € 18,256 | ▼ 33% |
| Retained profit | € 242,364 | € 122,975 | € 44,689 | € 57,447 | ▲ 29% |
| Dividend | € 0 | € 59,000 | € 0 | € 833 | |
| Bank debt | € 198,249 | € 224,218 | € 173,909 | € 120,190 | ▼ 31% |
| Balance sheet total | € 503,191 | € 448,195 | € 279,992 | € 212,770 | ▼ 24% |
Key figures of THE COLOR STUDIO, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to THE COLOR STUDIO?
What happened at THE COLOR STUDIO in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
THE COLOR STUDIO is active according to the CBE. Legal situation: Opening faillissement.
- New annual accounts for financial year 2024: profit of € 13,591. Source: NBB ↗
- Aäron Fierens became a director. NBB
- Iman FIERENS became a director. NBB
- New establishment in Waregem. KBO
- Start of the company according to the CBE. KBO
In short
From € 104,832 profit in 2021 to € 13,591 profit in 2024.
Paid € 21,240 in corporate taxes since 2021.
Best year ever: 2021, with € 104,832 profit.
Paid out € 59,833 in dividends to the owners in total.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind THE COLOR STUDIO are Aäron Fierens and Iman FIERENS.
Directors
According to the 2024 annual accounts
Aäron Fierens
Director
since 2018
Iman FIERENS
Director
since 2014
Establishments
Establishment units
Physical locations of this company
Oude Kassei 31
8791 Waregem
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Self-hosted
Hosting
COMBELL-AS, BE
Website info
Features
Security
Details
- Company number
- 0537.853.122
- VAT number
- BE 0537.853.122
- Registered office
- Oude Kassei 31, 8791 Waregem
- Names & denominations
- THE COLOR STUDIO
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Opening faillissement
- Start date
- 2 September 2013
- Peppol
- Active · Active since 20 Nov 2020
- Contact
- thecolorstudio.be
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