CATALYST
ActiveSummary
CATALYST has been active since 2014 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €246,468 and a net result of €83,595. Equity is growing by ~36.9% per year across the filed fiscal years. Its solvency ranks better than 50% of 969 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability86▲+1
Solvency76▲+3
Growth78=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €19,000 at 30 days acceptable
Liquidity ample (current ratio 4.33 against 3.51 in 2024; short-term debt: 10% and cash: 23.5% of total assets), and 48.9% of the assets are financed with debt.
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five 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
51.1%
Return on assets
17.3%
Age of the figures
15 mo
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 →
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
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 02-02-2026, 2 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
2 d late
2024
on the day
2023
2 d early
2022
on the day
2020
20 d late
2019
27 d late
2018
22 d late
← 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 10 days after the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 38% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close28-09-2026 today31-01-2027 deadline
History
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Financials · fiscal year 2025, micro schema
In the rankings
#8 company by equity in Chaumont-Gistoux, Manufacturing sector#9 company by total assets in Chaumont-Gistoux, Manufacturing sector
Equity
€246,468▲ 7.3%
2024 · €229,724
Total assets
€482,552▲ 0.6%
2024 · €479,805
Net result
€83,595▲ 35.7%
2024 · €61,599
Working capital
€161,444▲ 17.3%
2024 · €137,663
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 18, Printing and reproduction of recorded media, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202022202320242025
Operating result€14,786▼ 7.8%€244,739-€102,708▼ 58.0%€91,966▼ 10.5%€143,641▲ 56.2%
Net result€10,389within the sector's middle half▲ 2.3%€177,275above the sector's middle half-€73,512above the sector's middle half▼ 58.5%€61,599above the sector's middle half▼ 16.2%€83,595above the sector's middle half▲ 35.7%
Equity€48,054within the sector's middle half▲ 27.6%€175,329above the sector's middle half-€232,660above the sector's middle half▲ 32.7%€229,724above the sector's middle half▼ 1.3%€246,468above the sector's middle half▲ 7.3%
Total assets€102,530within the sector's middle half▲ 6.2%€322,745above the sector's middle half-€541,737above the sector's middle half▲ 67.9%€479,805above the sector's middle half▼ 11.4%€482,552above the sector's middle half▲ 0.6%
Debt€54,476▼ 7.5%€147,415-€309,077▲ 110%€250,081▼ 19.1%€236,083▼ 5.6%
Working capital€38,253▲ 56.1%€160,868-€140,489▼ 12.7%€137,663▼ 2.0%€161,444▲ 17.3%
Solvency46.9%within the sector's middle half▲ 7.8pp54.3%within the sector's middle half-42.9%within the sector's middle half▼ 11.4pp47.9%within the sector's middle half▲ 4.9pp51.1%within the sector's middle half▲ 3.2pp
above
within
below
the middle half (P25 to P75) of NACE 18, Printing and reproduction of recorded media, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Why a figure moved sharply
- 2023 Net result -59% on 2022. The previous fiscal year ran 18 months, this one 12.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2025; 2025 is 56% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €482,552
Fixed assets
€272,695 ▼ 5.1%
Current assets
€209,857 ▲ 9.0%
Equity and liabilities €482,552
Equity
€246,468 ▲ 7.3%
Debt
€236,083 ▼ 5.6%
Debt's share of the balance-sheet total falls from 52.1% to 48.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€158,230▲
2024 · €107,489
Cash flow
€98,184▲
2024 · €77,122
Current ratio
4.33▲
2024 · 3.51
Debt to equity
0.96▼
2024 · 1.09
ROE
33.9%▲
2024 · 26.8%
ROA
17.3%▲
2024 · 12.8%
Interest coverage
5.45▼
2024 · 17.33
Debt ≤ 1 year
€48,413▼
2024 · €54,860
Debt > 1 year
€186,331▼
2024 · €195,222
Income taxes
€31,283▲
2024 · €24,301
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 17,810 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 97% are still going.
- Small
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
3.1%
stopped otherwise
97%
still going
For this company itself Checked computes a bankruptcy probability of 0.5% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 17,810 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2020 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €13,283 | €18,646 | €11,300 | €15,523 | €14,589 | ▼ 6.0% |
| Other operating charges640/8 | - | €740 | €33,669 | €1,187 | €395 | ▼ 66.7% |
| Gross operating margin9900 | €30,159 | €264,125 | €147,677 | €108,675 | €158,625 | ▲ 46.0% |
| Operating profit (loss)9901 | €14,786 | €244,739 | €102,708 | €91,966 | €143,641 | ▲ 56.2% |
| Financial income75/76B | - | - | - | €136 | €272 | ▲ 100% |
| Recurring financial income75 | €0 | - | - | €136 | €272 | ▲ 100% |
| Financial charges65/66B | - | €940 | €426 | €6,201 | €29,035 | ▲ 368% |
| Recurring financial charges65 | €770 | €940 | €426 | €6,201 | €29,035 | ▲ 368% |
| Profit (loss) for the period before taxes9903 | €14,016 | €243,798 | €102,282 | €85,901 | €114,878 | ▲ 33.7% |
| Income taxes67/77 | €3,626 | €66,523 | €28,769 | €24,301 | €31,283 | ▲ 28.7% |
| Profit (loss) for the period9904 | €10,389 | €177,275 | €73,512 | €61,599 | €83,595 | ▲ 35.7% |
| Profit (loss) for the period to be appropriated9905 | €10,389 | €177,275 | €73,512 | €61,599 | €83,595 | ▲ 35.7% |
| Line | 2020 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €102,530 | €322,745 | €541,737 | €479,805 | €482,552 | ▲ 0.6% |
| Fixed assets21/28 | €34,951 | €26,421 | €298,966 | €287,283 | €272,695 | ▼ 5.1% |
| Tangible fixed assets22/27 | €34,951 | €26,421 | €293,966 | €282,283 | €267,695 | ▼ 5.2% |
| Land and buildings22 | - | €9,119 | €246,368 | €243,859 | €241,383 | ▼ 1.0% |
| Plant, machinery and equipment23 | - | €1,469 | €709 | €29 | €0 | ▼ 100% |
| Furniture and vehicles24 | - | €15,833 | €46,890 | €38,396 | €26,311 | ▼ 31.5% |
| Financial fixed assets28 | - | - | €5,000 | €5,000 | €5,000 | = |
| Current assets29/58 | €67,579 | €296,324 | €242,771 | €192,522 | €209,857 | ▲ 9.0% |
| Amounts receivable within one year40/41 | €60,404 | €121,010 | €99,626 | €81,497 | €94,803 | ▲ 16.3% |
| Trade receivables40 | - | €118,825 | €91,490 | €73,450 | €86,155 | ▲ 17.3% |
| Other amounts receivable41 | - | €2,186 | €8,137 | €8,048 | €8,648 | ▲ 7.5% |
| Cash at bank and in hand54/58 | €6,532 | €173,400 | €139,600 | €107,173 | €113,467 | ▲ 5.9% |
| Deferred charges and accrued income490/1 | - | €1,913 | €3,545 | €3,851 | €1,588 | ▼ 58.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €102,530 | €322,745 | €541,737 | €479,805 | €482,552 | ▲ 0.6% |
| Equity10/15 | €48,054 | €175,329 | €232,660 | €229,724 | €246,468 | ▲ 7.3% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Outside capital11 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Other1109/19 | - | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Non-distributable reserves130/1 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | - | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Profit (loss) carried forward14 | €27,594 | €154,869 | €212,200 | €209,264 | €226,008 | ▲ 8.0% |
| Amounts payable17/49 | €54,476 | €147,415 | €309,077 | €250,081 | €236,083 | ▼ 5.6% |
| Amounts payable after more than one year17 | €25,149 | €11,959 | €206,796 | €195,222 | €186,331 | ▼ 4.6% |
| Financial debts170/4 | - | €11,959 | €206,796 | €195,222 | €186,331 | ▼ 4.6% |
| Amounts payable within one year42/48 | €29,327 | €135,456 | €102,281 | €54,860 | €48,413 | ▼ 11.8% |
| Current portion of amounts payable after more than one year42 | - | €8,824 | €15,163 | €11,574 | €8,890 | ▼ 23.2% |
| Trade debts44 | €6,807 | €1,424 | €40,219 | €2,209 | €600 | ▼ 72.8% |
| Suppliers440/4 | - | €1,424 | €40,219 | €2,209 | €600 | ▼ 72.8% |
| Taxes, remuneration and social security45 | - | €101,841 | €46,899 | €41,076 | €38,922 | ▼ 5.2% |
| Taxes450/3 | - | €101,841 | €46,899 | €41,076 | €38,922 | ▼ 5.2% |
| Other amounts payable47/48 | - | €23,367 | - | - | - | - |
| Accrued charges and deferred income492/3 | - | - | - | - | €1,339 | - |
| Line | 2020 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €10,389 | €177,275 | €73,512 | €61,599 | €83,595 | ▲ 35.7% |
| + Depreciation and write-downs630 | €13,283 | €18,646 | €11,300 | €15,523 | €14,589 | ▼ 6.0% |
| Operating cash flow (approximation) | €23,673 | €195,921 | €84,812 | €77,122 | €98,184 | ▲ 27.3% |
| Investment in fixed assets (approximation) | - | - | -€283,845 | -€3,840 | €0 | ▲ 100% |
| Change in cash | - | - | -€33,801 | -€32,426 | €6,294 | ▲ 119% |
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
02-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 2 days late
2025
31-01
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
29-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial
Equity above €200,000Eq €232,660 ▲32.7%
5 profitable years in a row build equity to €232,660.
31-01
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-06
Financial
Highest result since 2018net €177,275 ▲1,606%
Operating result €244,739, net result €177,275, both a record.
30-06
Financial
Equity above €150,000Eq €175,329 ▲265%
4 profitable years in a row build equity to €175,329.
2021
20-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 20 days late
2020
27-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 27 days late
2019
22-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 22 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 31 days late
2017
26-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 57 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Chaumont-Gistoux · 1 establishment unit since 2014
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.
Avenue des Chevaliers, Dion-V. 191325 Chaumont-Gistoux1 establishment unit
CATALYST
since 20142.236.109.722
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Of 195 companies in sector 18110 we hold annual accounts for 134. 104 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded09-10-2014
Fiscal year end30-06
Activities, NACEBEL 2025
18110Printing and reproduction of recorded media
18120Other printing
18130Pre-press and pre-media services
58110Book publishing
58120Publishing activities
58130Publishing activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0563806560
Also
9925:BE0563806560
Registered
28-11-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.