Accent
ActiveSummary
Accent has been active since 1985 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €199.1m and a net result of €3.1m. Equity is growing by ~28.5% per year across the filed fiscal years. Its solvency ranks better than 55% of 169 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability32▼-3
Solvency73▲+35
Growth72▲+16
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000,000 at 30 days acceptable
Liquidity short (current ratio 0.97 against 0.76 in 2024; short-term debt: 2.2% and cash: 0.3% of total assets), and 52.2% of the assets are financed with debt.
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
47.8%
Return on assets
0.7%
Age of the figures
9 mo
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 · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 18
Relative position
BE, all sectors
reference
Printing and reproduction of recorded media (NACE 18)
about 11% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 16-07-2026, 15 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
15 d early
2024
23 d early
2023
16 d early
2022
19 d early
2021
12 d early
2020
16 d early
2019
37 d 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 20 days before the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 37% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
In the rankings
#1 company by total assets in Belgium, Printing sector#1 company by equity in Belgium, Printing sector#4 employer in West Flanders, Printing sector
Turnover
€35.3m▲ 6.5%
2024 · €33.1m
EBIT margin
3.4%▼ 6.2pp
2024 · 9.5%
Net result
€3.1m
2024 · -€12.5m
Working capital
-€302,950▲ 98.1%
2024 · -€16.3m
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€27.3m▲ 13.3%€33.5m▲ 22.8%€32.5m▼ 3.0%€33.1m▲ 2.0%€35.3m▲ 6.5%
Operating result€2.8m▲ 46.6%€4.0m▲ 41.8%€2.2m▼ 45.7%€3.2m▲ 46.0%€1.2m▼ 62.4%
Net result€2.5m▲ 3.3%€7.4m▲ 198%-€4.2m-€12.5m▼ 196%€3.1m
EBIT margin10.3%▲ 2.3pp11.9%▲ 1.6pp6.7%▼ 5.2pp9.5%▲ 2.9pp3.4%▼ 6.2pp
Equity€16.0m▲ 16.1%€2.9m▼ 81.9%€50.7m▲ 1,646%€38.4m▼ 24.3%€199.1m▲ 418%
Total assets€89.7m▲ 48.6%€192.7m▲ 115%€293.0m▲ 52.1%€302.4m▲ 3.2%€416.2m▲ 37.7%
Debt€73.6m▲ 58.5%€189.6m▲ 158%€242.2m▲ 27.7%€263.9m▲ 9.0%€217.1m▼ 17.7%
Working capital-€11.7m▼ 528%-€62.3m▼ 432%-€19.5m▲ 68.6%-€16.3m▲ 16.4%-€302,950▲ 98.1%
Staff (FTE)68.9▲ 10.8%70.4▲ 2.2%72.9▲ 3.6%79.2▲ 8.6%81.1▲ 2.4%
Why a figure moved sharply
- 2025 Equity +418% on 2024. Cause not known from the registers.
- 2024 Net result -196% on 2023. Cause not known from the registers.
- 2023 Equity +1,646%, Total assets +52% on 2022. Cause not known from the registers.
- 2022 Net result +198%, Equity -82%, Total assets +115% on 2021. Cause not known from the registers.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 62% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €416.2m
Fixed assets
€407.3m ▲ 61.8%
Current assets
€9.0m ▼ 82.3%
Equity and liabilities €416.2m
Equity
€199.1m ▲ 418%
Provisions
€65,094 ▼ 16.2%
Debt
€217.1m ▼ 17.7%
Debt's share of the balance-sheet total falls from 87.3% to 52.2%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€2.8m▼
2024 · €4.3m
Cash flow
€4.7m▲
2024 · -€11.3m
Current ratio
0.97▲
2024 · 0.76
Quick ratio
0.62▼
2024 · 0.71
Debt to equity
1.09▼
2024 · 6.87
ROE
1.5%▲
2024 · -32.4%
ROA
0.7%▲
2024 · -4.1%
Interest coverage
0.19▼
2024 · 0.29
Debt ≤ 1 year
€9.3m▼
2024 · €66.9m
Debt > 1 year
€207.8m▲
2024 · €195.0m
Income taxes
-€27,223▼
2024 · €33,123
Staff costs
€5.8m▲
2024 · €5.5m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Operating income70/76A | €27.6m | €33.8m | €32.9m | €33.4m | €35.8m | ▲ 7.3% |
| Turnover70 | €27.3m | €33.5m | €32.5m | €33.1m | €35.3m | ▲ 6.5% |
| Change in stocks of work in progress, finished goods and contracts in progress71 | €214,731 | €165,351 | €240,096 | -€41,304 | €105,688 | ▲ 356% |
| Other operating income74 | €108,835 | €200,037 | €177,325 | €258,328 | €374,513 | ▲ 45.0% |
| Non-recurring operating income76A | €33,107 | €549 | €0 | €42,852 | €65,065 | ▲ 51.8% |
| Operating charges60/66A | €24.8m | €29.9m | €30.7m | €30.2m | €34.6m | ▲ 14.5% |
| Goods for resale, raw materials and consumables60 | €14.4m | €17.3m | €18.0m | €17.6m | €18.4m | ▲ 4.9% |
| Purchases600/8 | €14.7m | €19.6m | €16.0m | €17.8m | €18.3m | ▲ 2.6% |
| Change in stocks: decrease (increase)609 | -€345,204 | -€2.3m | €2.0m | -€264,964 | €128,765 | ▲ 149% |
| Services and other goods61 | €4.2m | €5.2m | €4.7m | €6.0m | €8.0m | ▲ 33.6% |
| Remuneration, social security and pensions62 | €3.8m | €4.4m | €4.5m | €5.5m | €5.8m | ▲ 4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1.3m | €1.1m | €1.6m | €1.2m | €1.7m | ▲ 42.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €68,746 | -€18,422 | €129,846 | -€117,753 | €79,289 | ▲ 167% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | €0 | - | - | - | - | - |
| Other operating charges640/8 | €39,633 | €88,859 | €63,524 | €59,794 | €652,325 | ▲ 991% |
| Non-recurring operating charges66A | €1.1m | €1.8m | €1.8m | €34,531 | €25,168 | ▼ 27.1% |
| Operating profit (loss)9901 | €2.8m | €4.0m | €2.2m | €3.2m | €1.2m | ▼ 62.4% |
| Financial income75/76B | €2.0m | €7.5m | €11.5m | €19.9m | €16.8m | ▼ 15.5% |
| Recurring financial income75 | €2.0m | €7.5m | €11.5m | €19.9m | €16.8m | ▼ 15.5% |
| Income from financial fixed assets750 | €1.5m | €6.7m | €10.6m | €18.1m | €15.3m | ▼ 15.6% |
| Income from current assets751 | €128,101 | €336,110 | €504,809 | €1.4m | €1.1m | ▼ 18.3% |
| Other financial income752/9 | €383,020 | €506,396 | €383,692 | €413,992 | €416,515 | ▲ 0.6% |
| Financial charges65/66B | €1.9m | €3.8m | €17.9m | €35.5m | €15.0m | ▼ 57.7% |
| Recurring financial charges65 | €1.9m | €3.8m | €14.6m | €15.0m | €15.0m | = |
| Debt charges650 | €1.8m | €3.7m | €14.1m | €14.8m | €14.9m | ▲ 0.7% |
| Other financial charges652/9 | €86,420 | €167,516 | €533,193 | €227,881 | €116,628 | ▼ 48.8% |
| Non-recurring financial charges66B | - | - | €3.3m | €20.5m | €0 | ▼ 100% |
| Profit (loss) for the period before taxes9903 | €2.9m | €7.7m | -€4.2m | -€12.4m | €3.0m | ▲ 124% |
| Transfer from deferred taxes780 | €13,212 | €13,212 | €13,212 | €11,777 | €12,549 | ▲ 6.6% |
| Income taxes67/77 | €427,041 | €280,421 | -€1,132 | €33,123 | -€27,223 | ▼ 182% |
| Taxes670/3 | €427,042 | €290,296 | €1,115 | €33,123 | €0 | ▼ 100% |
| Tax adjustments and reversals of tax provisions77 | €1 | €9,875 | €2,247 | €0 | €27,223 | - |
| Profit (loss) for the period9904 | €2.5m | €7.4m | -€4.2m | -€12.5m | €3.1m | ▲ 125% |
| Transfer from tax-exempt reserves789 | €783,635 | €39,635 | €39,635 | €35,330 | €37,646 | ▲ 6.6% |
| Transfer to tax-exempt reserves689 | €80,800 | €0 | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €3.2m | €7.4m | -€4.2m | -€12.4m | €3.1m | ▲ 125% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €89.7m | €192.7m | €293.0m | €302.4m | €416.2m | ▲ 37.7% |
| Fixed assets21/28 | €69.8m | €170.1m | €282.7m | €251.8m | €407.3m | ▲ 61.8% |
| Intangible fixed assets21 | €1.5m | €1.3m | €1.1m | €915,059 | €774,608 | ▼ 15.3% |
| Tangible fixed assets22/27 | €4.1m | €4.0m | €5.6m | €5.8m | €9.1m | ▲ 55.8% |
| Land and buildings22 | €2.6m | €2.7m | €2.6m | €3.2m | €4.5m | ▲ 42.3% |
| Plant, machinery and equipment23 | €595,989 | €665,847 | €1.7m | €1.4m | €2.3m | ▲ 63.6% |
| Furniture and vehicles24 | €230,908 | €196,336 | €188,934 | €217,616 | €411,486 | ▲ 89.1% |
| Leasing and similar rights25 | €703,052 | €440,108 | €682,532 | €478,264 | €838,974 | ▲ 75.4% |
| Other tangible fixed assets26 | €34,711 | €29,371 | €443,685 | €570,823 | €704,365 | ▲ 23.4% |
| Assets under construction and advance payments27 | - | - | - | - | €341,733 | - |
| Financial fixed assets28 | €64.2m | €164.9m | €276.0m | €245.1m | €397.4m | ▲ 62.2% |
| Affiliated companies280/1 | €64.2m | €164.9m | €276.0m | €245.1m | €397.4m | ▲ 62.2% |
| Participating interests280 | €64.2m | €164.9m | €265.6m | €245.1m | €397.4m | ▲ 62.2% |
| Amounts receivable281 | €0 | - | €10.5m | €0 | - | - |
| Other financial fixed assets284/8 | €297 | €11,257 | €4,057 | €4,057 | €4,441 | ▲ 9.5% |
| Amounts receivable and cash guarantees285/8 | €297 | €11,257 | €4,057 | €4,057 | €4,441 | ▲ 9.5% |
| Current assets29/58 | €20.0m | €22.5m | €10.3m | €50.6m | €9.0m | ▼ 82.3% |
| Amounts receivable after more than one year29 | €403,063 | €443,063 | €3.8m | €393,063 | €133,300 | ▼ 66.1% |
| Other amounts receivable291 | €403,063 | €443,063 | €3.8m | €393,063 | €133,300 | ▼ 66.1% |
| Stocks and contracts in progress3 | €2.4m | €4.9m | €2.9m | €3.3m | €3.2m | ▼ 2.6% |
| Stocks30/36 | €1.8m | €4.2m | €2.0m | €2.3m | €2.2m | ▼ 6.7% |
| Raw materials and consumables30/31 | €1.6m | €3.9m | €1.8m | €2.1m | €1.9m | ▼ 10.4% |
| Work in progress32 | €204,817 | €271,917 | €200,757 | €208,887 | €273,970 | ▲ 31.2% |
| Contracts in progress37 | €589,111 | €674,937 | €946,409 | €938,422 | €1.0m | ▲ 7.3% |
| Amounts receivable within one year40/41 | €14.9m | €12.6m | €1.6m | €41.5m | €3.1m | ▼ 92.6% |
| Trade receivables40 | €5.3m | €6.3m | €1.6m | €2.4m | €1.7m | ▼ 29.0% |
| Other amounts receivable41 | €9.6m | €6.3m | €0 | €39.1m | €1.3m | ▼ 96.6% |
| Current investments50/53 | €1.2m | €1.2m | €1.2m | €1.2m | €1.2m | = |
| Own shares50 | €1.2m | €1.2m | €1.2m | €1.2m | €1.2m | = |
| Cash at bank and in hand54/58 | €1.0m | €3.3m | €578,031 | €4.0m | €1.2m | ▼ 69.3% |
| Deferred charges and accrued income490/1 | €21,936 | €171,187 | €206,476 | €284,169 | €171,731 | ▼ 39.6% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €89.7m | €192.7m | €293.0m | €302.4m | €416.2m | ▲ 37.7% |
| Equity10/15 | €16.0m | €2.9m | €50.7m | €38.4m | €199.1m | ▲ 418% |
| Contributions10/11 | €100,000 | €100,000 | €52.1m | €52.1m | €209.6m | ▲ 302% |
| Capital10 | €100,000 | €100,000 | €52.1m | €52.1m | €75.9m | ▲ 45.6% |
| Issued capital100 | €100,000 | €100,000 | €52.1m | €52.1m | €75.9m | ▲ 45.6% |
| Outside capital11 | - | - | - | - | €133.7m | - |
| Share premium1100/10 | - | - | - | - | €133.7m | - |
| Revaluation surpluses12 | - | - | €32,154 | €164,632 | €303,514 | ▲ 84.4% |
| Reserves13 | €15.9m | €2.8m | €1.6m | €1.6m | €1.6m | ▼ 2.4% |
| Non-distributable reserves130/1 | €1.2m | €1.2m | €1.2m | €1.2m | €1.2m | = |
| Legal reserve130 | €10,015 | €10,015 | €10,015 | €10,015 | €10,015 | = |
| Own shares acquired1312 | €1.2m | €1.2m | €1.2m | €1.2m | €1.2m | = |
| Tax-exempt reserves132 | €496,937 | €457,302 | €417,667 | €382,337 | €344,691 | ▼ 9.8% |
| Distributable reserves133 | €14.2m | €1.1m | €0 | - | - | - |
| Profit (loss) carried forward14 | - | - | -€3.0m | -€15.4m | -€12.4m | ▲ 20.0% |
| Provisions and deferred taxes16 | €115,842 | €102,631 | €89,419 | €77,642 | €65,094 | ▼ 16.2% |
| Deferred taxes168 | €115,842 | €102,631 | €89,419 | €77,642 | €65,094 | ▼ 16.2% |
| Amounts payable17/49 | €73.6m | €189.6m | €242.2m | €263.9m | €217.1m | ▼ 17.7% |
| Amounts payable after more than one year17 | €41.7m | €103.8m | €210.2m | €195.0m | €207.8m | ▲ 6.6% |
| Financial debts170/4 | €39.5m | €103.2m | €155.0m | €139.7m | €629,698 | ▼ 99.5% |
| Leasing and similar obligations172 | €576,660 | €312,443 | €465,898 | €288,492 | €629,698 | ▲ 118% |
| Credit institutions173 | €38.9m | €102.9m | €154.6m | €139.4m | €0 | ▼ 100% |
| Other amounts payable178/9 | €2.2m | €600,000 | €55.1m | €55.3m | €207.1m | ▲ 275% |
| Amounts payable within one year42/48 | €31.7m | €84.8m | €29.9m | €66.9m | €9.3m | ▼ 86.2% |
| Current portion of amounts payable after more than one year42 | €5.8m | €9.4m | €10.9m | €27.4m | €220,759 | ▼ 99.2% |
| Financial debts43 | €4.6m | €4.4m | €0 | - | - | - |
| Credit institutions430/8 | €4.6m | €4.4m | €0 | - | - | - |
| Trade debts44 | €3.7m | €3.2m | €2.3m | €3.5m | €3.7m | ▲ 5.0% |
| Suppliers440/4 | €3.7m | €3.2m | €2.3m | €3.5m | €3.7m | ▲ 5.0% |
| Taxes, remuneration and social security45 | €877,371 | €1.0m | €1.1m | €1.3m | €1.2m | ▼ 7.3% |
| Taxes450/3 | €241,389 | €424,297 | €313,831 | €408,945 | €289,965 | ▼ 29.1% |
| Remuneration and social security454/9 | €635,983 | €612,385 | €798,648 | €902,547 | €926,375 | ▲ 2.6% |
| Other amounts payable47/48 | €16.7m | €66.9m | €15.5m | €34.7m | €4.1m | ▼ 88.1% |
| Accrued charges and deferred income492/3 | €188,115 | €960,505 | €2.1m | €2.0m | €61,962 | ▼ 96.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €2.5m | €7.4m | -€4.2m | -€12.5m | €3.1m | ▲ 125% |
| + Depreciation and write-downs630 | €1.3m | €1.1m | €1.6m | €1.2m | €1.7m | ▲ 42.0% |
| Operating cash flow (approximation) | €3.7m | €8.5m | -€2.6m | -€11.3m | €4.7m | ▲ 142% |
| Investment in fixed assets (approximation) | - | -€101.5m | -€114.1m | €29.7m | -€157.1m | ▼ 629% |
| Change in cash | - | €2.3m | -€2.7m | €3.4m | -€2.8m | ▼ 181% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
16-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
13-05
State Gazette act
Merger · Permanent representative
Corporate purpose · Accounting effect
13-05
State Gazette act
Merger · Accounting effect
Real estate · Share issue
13-05
State Gazette act
Merger · Permanent representative
Corporate purpose · Accounting effect
2025
31-12
Financial
Back to profitnet €3.1m
Net result €3.1m after 2 loss-making years.
31-12
Financial
Equity above €100mEq €199.1m ▲418%
Equity rises from €38.4m to €199.1m.
08-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Weakest financial yearnet -€12.5m
Net result drops to -€12.5m, the lowest in the series; recovery starts the following year.
15-07
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Equity above €50mEq €50.7m ▲1,646%
Equity rises from €2.9m to €50.7m.
12-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
31-12
Financial
Highest result since 2018net €7.4m ▲198%
Operating result €4.0m, net result €7.4m, both a record.
Show earlier events
19-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
15-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
24-06
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
17-07
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
19-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
17-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 24 acts read
About the unread acts
We know of 24 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
24 acts for this company are 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, Wevelgem · 2 establishment units since 1985
Ground area
2.0 ha
Building footprint
1.0 ha
Volume, LiDAR
62,867 m³
2 parcels, Flanders · tallest building 9.3 m, ±2 floors. Linked by address, not a title deed.
8
companies at this address
See who is registered here
2 establishment units
Westlaan 2, 8560 Wevelgem
since 19852.028.203.286
Nijverheidslaan 34, 8560 Wevelgem
since 20232.350.517.559
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 34012A0353/00N000 | Flanders | 1.0 ha | 1 · 5,487 m² | 9.3 m · 2 fl. |
| 34012A0365/00G000 | Flanders | 9,605 m² | 1 · 4,906 m² | 7.7 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 10 entries · 38,291 EUR awarded · 38,958 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 1,278 EUR | 1,278 EUR |
| 2024 | 2 | 2,355 EUR | 2,355 EUR |
| 2023 | 3 | 674 EUR | 31,341 EUR |
| 2022 | 4 | 33,984 EUR | 3,984 EUR |
Recognitions · licences · registrations
Dual-learning approval
1 live approval · 2 endedRotatiedrukker duaal (so)
Show 2 ended approvals
Rotatiedrukker duaal (so)
Offsetrotatie- en flexodrukker duaal (so)
Legal Entity Identifier
9676008V1PV9V200DC77
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Of 2,856 companies in sector 18130 we hold annual accounts for 832. 3 are within a factor 10 of this equity. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded14-11-1985
Fiscal year end31-12
Activities, NACEBEL 2025
17250Manufacture of paper and paper products
18130Pre-press and pre-media services
E-invoicing
Reachable via Peppol
Peppol ID
0208:0428014379
Registered
07-05-2025
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.