COPYCAT
ActiveSummary
COPYCAT has been active since 1997 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €46,659 and a net result of -€7,545. Equity is shrinking by ~4% per year across the filed fiscal years. Its solvency ranks better than 17% of 301 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability67=
Solvency35▲+1
Growth32=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,000 at 30 days acceptable
Liquidity tight (current ratio 1.06 against 1.11 in 2023; short-term debt: 83.8% and cash: 7.5% of total assets), and 89.8% 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 · 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
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2024Solvency, return and age of the figures
Solvency
10.2%
Return on assets
-1.7%
Age of the figures
21 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 →
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year -€7,545
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 301 sector peers (2024).
NBB · sector comparisonPosition among 301 sector peers
Solvency
better than 17%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-08-2025, 31 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.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
31 d late
2023
1 d early
2022
31 d late
2021
29 d late
2020
15 d early
2019
59 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 22 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 (1)
History
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Financials · fiscal year 2024, abbreviated schema
Equity
€46,659▼ 29.7%
2023 · €66,396
Total assets
€457,102▼ 36.1%
2023 · €714,837
Net result
-€7,545▲ 38.9%
2023 · -€12,358
Working capital
€23,982▼ 58.5%
2023 · €57,825
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
Line20202021202220232024
Operating result€180,389€199,538▲ 10.6%€29,789▼ 85.1%-€5,839-€6,393▼ 9.5%
Net result€172,919above the sector's middle half€188,223above the sector's middle half▲ 8.9%€13,545within the sector's middle half▼ 92.8%-€12,358below the sector's middle half-€7,545below the sector's middle half▲ 38.9%
Equity€61,985within the sector's middle half▲ 26.3%€65,208within the sector's middle half▲ 5.2%€78,753within the sector's middle half▲ 20.8%€66,396below the sector's middle half▼ 15.7%€46,659below the sector's middle half▼ 29.7%
Total assets€610,765above the sector's middle half▲ 74.5%€533,929above the sector's middle half▼ 12.6%€781,073within the sector's middle half▲ 46.3%€714,837within the sector's middle half▼ 8.5%€457,102within the sector's middle half▼ 36.1%
Debt€548,780▲ 82.3%€468,721▼ 14.6%€702,320▲ 49.8%€648,442▼ 7.7%€410,444▼ 36.7%
Working capital-€13,173below the sector's middle half-€103,405below the sector's middle half▼ 685%€17,842within the sector's middle half€57,825within the sector's middle half▲ 224%€23,982within the sector's middle half▼ 58.5%
Solvency10.1%below the sector's middle half▼ 3.9pp12.2%below the sector's middle half▲ 2.1pp10.1%below the sector's middle half▼ 2.1pp9.3%below the sector's middle half▼ 0.8pp10.2%below the sector's middle half▲ 0.9pp
Current ratio0.97within the sector's middle half0.78below the sector's middle half▼ 0.191.03within the sector's middle half▲ 0.251.11within the sector's middle half▲ 0.081.06within the sector's middle half▼ 0.05
Return on assets (ROA)28.3%above the sector's middle half▲ 39.8pp35.3%above the sector's middle half▲ 6.9pp1.7%within the sector's middle half▼ 33.5pp-1.7%below the sector's middle half▼ 3.5pp-1.7%below the sector's middle half▲ 0.1pp
Staff (FTE)6.5above the sector's middle half6.1▼ 6.2%5.3within the sector's middle half▼ 13.1%5.8within the sector's middle half▲ 9.4%5.9within the sector's middle half▲ 1.7%
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 abbreviated or micro schema does not require them.
Why a figure moved sharply
- 2022 Net result -93% on 2021. The accounts now follow the abbreviated schema, last year the micro schema.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €6,393 in 2024 against €5,839 in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €457,102
Fixed assets
€49,935 ▼ 59.6%
Current assets
€407,168 ▼ 31.1%
Equity and liabilities €457,102
Equity
€46,659 ▼ 29.7%
Debt
€410,444 ▼ 36.7%
Debt's share of the balance-sheet total falls from 90.7% to 89.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
€75,698▼
2023 · €76,008
Cash flow
€74,546▲
2023 · €69,490
Quick ratio
1.06▲
2023 · 1.05
Debt to equity
8.80▼
2023 · 9.77
ROE
-16.2%▲
2023 · -18.6%
Interest coverage
38.44▲
2023 · 38.04
Debt ≤ 1 year
€383,186▼
2023 · €533,477
Debt > 1 year
€27,258▼
2023 · €44,000
Income taxes
€5,287▲
2023 · €4,521
Staff costs
€429,866▲
2023 · €333,647
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 2,448 companies that looked in July 2024 the way this one looks now, 1.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 10 to 30%
- a small loss
1.4%
went bankrupt
5.0%
stopped otherwise
93%
still going
A further 0.4% stopped, but we cannot tell whether within those 24 months.
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 2,448 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 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | €290,709 | €286,914 | €333,647 | €429,866 | ▲ 28.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €53,905 | €56,545 | €68,971 | €81,848 | €82,090 | ▲ 0.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €80 | €0 | - | - |
| Other operating charges640/8 | - | €1,401 | €473 | €477 | €782 | ▲ 63.9% |
| Non-recurring operating charges66A | - | - | - | €338 | €0 | ▼ 100% |
| Gross operating margin9900 | €539,927 | €548,192 | €386,228 | €410,470 | €506,346 | ▲ 23.4% |
| Operating profit (loss)9901 | €180,389 | €199,538 | €29,789 | -€5,839 | -€6,393 | ▼ 9.5% |
| Financial income75/76B | - | €447 | €16 | €1 | €6,104 | ▲ 535,351% |
| Recurring financial income75 | €36 | €447 | €16 | €1 | €6,104 | ▲ 535,351% |
| Financial charges65/66B | - | €1,244 | €1,461 | €1,998 | €1,969 | ▼ 1.4% |
| Recurring financial charges65 | €1,010 | €1,244 | €1,461 | €1,998 | €1,969 | ▼ 1.4% |
| Profit (loss) for the period before taxes9903 | €179,415 | €198,741 | €28,345 | -€7,836 | -€2,258 | ▲ 71.2% |
| Income taxes67/77 | €6,496 | €10,518 | €14,800 | €4,521 | €5,287 | ▲ 16.9% |
| Profit (loss) for the period9904 | €172,919 | €188,223 | €13,545 | -€12,358 | -€7,545 | ▲ 38.9% |
| Profit (loss) for the period to be appropriated9905 | €172,919 | €188,223 | €13,545 | -€12,358 | -€7,545 | ▲ 38.9% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €610,765 | €533,929 | €781,073 | €714,837 | €457,102 | ▼ 36.1% |
| Fixed assets21/28 | €225,158 | €168,613 | €199,280 | €123,536 | €49,935 | ▼ 59.6% |
| Intangible fixed assets21 | €222,555 | €167,555 | €112,555 | €57,555 | €2,555 | ▼ 95.6% |
| Tangible fixed assets22/27 | €2,604 | €1,059 | €81,925 | €61,181 | €42,580 | ▼ 30.4% |
| Plant, machinery and equipment23 | - | €1,059 | €78,048 | €57,181 | €34,159 | ▼ 40.3% |
| Furniture and vehicles24 | - | - | €3,877 | €4,000 | €5,222 | ▲ 30.6% |
| Other tangible fixed assets26 | - | - | - | - | €3,199 | - |
| Financial fixed assets28 | - | - | €4,800 | €4,800 | €4,800 | = |
| Current assets29/58 | €385,607 | €365,315 | €581,793 | €591,302 | €407,168 | ▼ 31.1% |
| Stocks and contracts in progress3 | - | - | €17,296 | €29,759 | €2,476 | ▼ 91.7% |
| Stocks30/36 | - | - | €17,296 | €19,009 | €2,476 | ▼ 87.0% |
| Contracts in progress37 | - | - | - | €10,750 | €0 | ▼ 100% |
| Amounts receivable within one year40/41 | €175,856 | €230,965 | €255,717 | €539,912 | €368,457 | ▼ 31.8% |
| Trade receivables40 | - | €230,935 | €226,126 | €539,674 | €368,180 | ▼ 31.8% |
| Other amounts receivable41 | - | €30 | €29,591 | €238 | €277 | ▲ 16.4% |
| Cash at bank and in hand54/58 | €208,830 | €133,225 | €83,616 | €14,817 | €34,335 | ▲ 132% |
| Deferred charges and accrued income490/1 | - | €1,125 | €225,164 | €6,814 | €1,900 | ▼ 72.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €610,765 | €533,929 | €781,073 | €714,837 | €457,102 | ▼ 36.1% |
| Equity10/15 | €61,985 | €65,208 | €78,753 | €66,396 | €46,659 | ▼ 29.7% |
| Contributions10/11 | - | €12,775 | €12,775 | €12,775 | €12,775 | = |
| Reserves13 | €26,971 | €30,194 | €43,523 | €43,523 | €31,331 | ▼ 28.0% |
| 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 | = |
| Distributable reserves133 | - | €28,334 | €41,663 | €41,663 | €29,471 | ▼ 29.3% |
| Profit (loss) carried forward14 | €22,240 | €22,240 | €22,455 | €10,098 | €2,553 | ▼ 74.7% |
| Amounts payable17/49 | €548,780 | €468,721 | €702,320 | €648,442 | €410,444 | ▼ 36.7% |
| Amounts payable after more than one year17 | €150,000 | €0 | €60,385 | €44,000 | €27,258 | ▼ 38.1% |
| Financial debts170/4 | - | - | €60,385 | €44,000 | €27,258 | ▼ 38.1% |
| Other amounts payable178/9 | - | €0 | - | - | - | - |
| Amounts payable within one year42/48 | €398,780 | €468,721 | €563,951 | €533,477 | €383,186 | ▼ 28.2% |
| Current portion of amounts payable after more than one year42 | - | - | €16,035 | €16,385 | €16,742 | ▲ 2.2% |
| Trade debts44 | €159,372 | €213,337 | €481,912 | €407,442 | €274,630 | ▼ 32.6% |
| Suppliers440/4 | - | €213,337 | €481,912 | €407,442 | €274,630 | ▼ 32.6% |
| Taxes, remuneration and social security45 | - | €70,337 | €66,004 | €109,650 | €79,621 | ▼ 27.4% |
| Taxes450/3 | - | €34,288 | €25,318 | €66,571 | €44,267 | ▼ 33.5% |
| Remuneration and social security454/9 | - | €36,050 | €40,687 | €43,079 | €35,354 | ▼ 17.9% |
| Other amounts payable47/48 | - | €185,046 | €0 | - | €12,192 | - |
| Accrued charges and deferred income492/3 | - | - | €77,984 | €70,965 | €0 | ▼ 100% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €172,919 | €188,223 | €13,545 | -€12,358 | -€7,545 | ▲ 38.9% |
| + Depreciation and write-downs630 | €53,905 | €56,545 | €68,971 | €81,848 | €82,090 | ▲ 0.3% |
| Operating cash flow (approximation) | €226,824 | €244,768 | €82,516 | €69,490 | €74,546 | ▲ 7.3% |
| Investment in fixed assets (approximation) | - | €0 | -€99,638 | -€6,103 | -€8,489 | ▼ 39.1% |
| Change in cash | - | -€75,605 | -€49,609 | -€68,800 | €19,518 | ▲ 128% |
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
2025
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 31 days late
2024
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
29-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 29 days late
2021
31-12
Financial
Highest result since 2018net €188,223 ▲8.9%
Operating result €199,538, net result €188,223, both a record.
16-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
31-12
Financial
Back to profitnet €172,919
Net result €172,919 after one loss-making year.
28-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 59 days late
2019
31-12
Financial
Weakest financial yearnet -€40,083
Net result drops to -€40,083, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity times 5899current ratio 350.74
Current ratio from 0.06 to 350.74; short-term debt falls from €52,614 to €994.
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
29-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
30-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
30-06
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 6 acts read
About the unread acts
We know of 6 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
6 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, Kontich · 1 establishment unit since 1998
Ground area
693 m²
Parcel 11024B0072/00A003, Flanders. Linked by address, not a title deed.
1 establishment unit
COPYCAT
since 19982.084.916.911
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11024B0072/00A003 | Flanders | 693 m² | - | - |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel 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 · 1 entry · 117 EUR awarded · 117 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2022 | 1 | 117 EUR | 117 EUR |
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Of 2,856 companies in sector 18130 we hold annual accounts for 832. 683 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
Founded23-12-1997
Fiscal year end31-12
Activities, NACEBEL 2025
18120Other printing
18130Pre-press and pre-media services
64210Activities of holding companies
68310Real estate agency activities
70200Business and other management consultancy
74120Graphic design and visual communication
81100Combined facilities support activities
82300Organisation of conventions and trade shows
E-invoicing
Reachable via Peppol
Peppol ID
0208:0462214502
Also
9925:BE0462214502
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.