COPYMATIC
ActiveSummary
COPYMATIC has been active since 1995 and the Belgian Official Gazette contains no insolvency or warning signals. The 2026 annual accounts show equity of €161,864 and a net result of €3,037. Equity has been growing by about 2.6% per year since 2019. Its solvency ranks better than 95% of 66 sector peers (NACE 18, financial year 2026). The computed 12-month bankruptcy probability is 0.2% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 17-01-1995 Normal situation
- Activity
- Pre-press and pre-media services NACE 18130and 3 others
- Establishment unit
- 2.070.991.471 2600 Antwerpen, since 31-03-1995
- Financial year end
- 31 March
- Peppol
- Reachable since 20-11-2025
Board and ownership
- Smidt EricManaging director
- Boussifet KarinDirector
- Smidt MatthiasDirector
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.2%
- Gross margin
- €13,271
- ▼ 25.6%
- Turnover
- ≈ €90,000
- estimated
- Profit
- €3,037
- ▼ 49.3%
- Equity
- €161,864
- ▲ 1.9%
- Total assets
- €167,215
- ▲ 1.6%
Score breakdownraises riskSize: total assets €167,215Liquidity: current ratio 24.57, cash €2,777lowers riskFounded in 1995Equity €161,864 (96.8% of total assets)Show the evidence
Checked score
About 2 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 18, micro). It does better than 88% of them on solvency, 46% on liquidity, 47% on profitability and 48% on growth.
The bankruptcy probability was computed on 03-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 62 days before the deadline. In the sector (NACE 18), the median for financial year 2024 was 5 days before the deadline, and 38% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2026, full format
Annual accounts 2026 filed on 30-10-2026 at the NBB all 31 filings
Every figure per financial year
The operating result for 2026 is 48% lower than in 2025.
Investments
| Item | 31-03-2022 | 31-03-2023 | 31-03-2024 | 31-03-2025 | 31-03-2026 |
|---|---|---|---|---|---|
| Tangible fixed assets | - | €17,275 | €6,095 | - | €5,900 |
| Depreciation and write-downs of the year | €5,130 | €4,978 | €6,792 | €5,245 | €5,199 |
Source: notes to the 2022 to 2026 annual accounts (statement of fixed assets)
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Turnover70 | €53,304 | €48,024 | €52,740 | - | - | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €20,282 | €8,979 | €6,900 | €5,130 | €4,978 | €6,792 | €5,245 | €5,199 | ▼ 0.9% |
| Other operating charges640/8 | - | - | - | €3,080 | €2,933 | €2,908 | €2,997 | €3,081 | ▲ 2.8% |
| Gross operating margin9900 | €30,799 | €22,089 | €24,653 | €12,968 | €11,824 | €13,862 | €17,848 | €13,271 | ▼ 25.6% |
| Operating profit (loss)9901 | €7,185 | €10,626 | €16,975 | €4,758 | €3,913 | €4,162 | €9,606 | €4,991 | ▼ 48.0% |
| Financial income75/76B | - | - | - | - | €1 | €12 | €11 | €2 | ▼ 83.8% |
| Recurring financial income75 | €0 | €0 | €0 | - | €1 | €12 | €11 | €2 | ▼ 83.8% |
| Financial charges65/66B | - | - | - | €495 | €313 | €1,437 | €572 | €441 | ▼ 22.9% |
| Recurring financial charges65 | €226 | €200 | €192 | €495 | €313 | €1,437 | €572 | €441 | ▼ 22.9% |
| Profit (loss) for the period before taxes9903 | €6,959 | €10,426 | €16,783 | €4,263 | €3,601 | €2,737 | €9,046 | €4,552 | ▼ 49.7% |
| Income taxes67/77 | €2,686 | €2,345 | €5,268 | €5,190 | €1,194 | €910 | €3,055 | €1,515 | ▼ 50.4% |
| Profit (loss) for the period9904 | €4,273 | €8,081 | €11,515 | -€927 | €2,407 | €1,827 | €5,991 | €3,037 | ▼ 49.3% |
| Profit (loss) for the period to be appropriated9905 | €4,273 | €8,081 | €11,515 | -€927 | €2,407 | €1,827 | €5,991 | €3,037 | ▼ 49.3% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €223,247 | €227,432 | €258,054 | €153,069 | €153,813 | €154,932 | €164,593 | €167,215 | ▲ 1.6% |
| Formation expenses20 | €0 | €0 | €0 | - | - | - | - | - | - |
| Fixed assets21/28 | €46,785 | €52,389 | €46,314 | €42,342 | €54,639 | €53,942 | €48,697 | €49,398 | ▲ 1.4% |
| Intangible fixed assets21 | €0 | €0 | €0 | - | - | - | - | - | - |
| Tangible fixed assets22/27 | €46,785 | €52,389 | €46,314 | €42,342 | €54,639 | €53,942 | €48,697 | €49,398 | ▲ 1.4% |
| Land and buildings22 | - | - | - | €39,238 | €52,481 | €52,558 | €48,088 | €43,618 | ▼ 9.3% |
| Plant, machinery and equipment23 | - | - | - | €2,437 | €1,828 | €1,218 | €609 | €5,780 | ▲ 849% |
| Furniture and vehicles24 | - | - | - | €667 | €330 | €165 | - | - | - |
| Financial fixed assets28 | €0 | €0 | €0 | - | - | - | - | - | - |
| Current assets29/58 | €176,462 | €175,043 | €211,740 | €110,727 | €99,174 | €100,990 | €115,896 | €117,818 | ▲ 1.7% |
| Stocks and contracts in progress3 | €0 | €0 | €0 | - | - | - | - | - | - |
| Amounts receivable within one year40/41 | €127,329 | €139,558 | €187,478 | €88,823 | €98,765 | €96,533 | €111,653 | €114,579 | ▲ 2.6% |
| Trade receivables40 | - | - | - | €453 | €5,856 | €5,049 | €5,657 | €7,749 | ▲ 37.0% |
| Other amounts receivable41 | - | - | - | €88,369 | €92,909 | €91,484 | €105,996 | €106,830 | ▲ 0.8% |
| Current investments50/53 | €0 | €0 | €0 | - | - | - | - | - | - |
| Cash at bank and in hand54/58 | €49,133 | €35,485 | €24,262 | €21,517 | - | €3,992 | €3,795 | €2,777 | ▼ 26.8% |
| Deferred charges and accrued income490/1 | - | - | - | €388 | €410 | €466 | €448 | €462 | ▲ 3.2% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €223,247 | €227,432 | €258,054 | €153,069 | €153,813 | €154,932 | €164,593 | €167,215 | ▲ 1.6% |
| Equity10/15 | €130,764 | €138,845 | €149,529 | €148,602 | €151,009 | €152,835 | €158,827 | €161,864 | ▲ 1.9% |
| Contributions10/11 | €61,973 | €61,973 | €61,973 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | - | - | - | €61,973 | €61,973 | €61,973 | €61,973 | €61,973 | = |
| Issued capital100 | - | - | - | €61,973 | €61,973 | €61,973 | €61,973 | €61,973 | = |
| Contributions outside capital11 | - | - | - | €27 | €27 | €27 | €27 | €27 | = |
| Share premium1100/10 | - | - | - | €27 | €27 | €27 | €27 | €27 | = |
| Reserves13 | €47,867 | €47,867 | €47,867 | €86,602 | €89,009 | €90,835 | €96,827 | €99,864 | ▲ 3.1% |
| Non-distributable reserves130/1 | - | - | - | €6,197 | €6,197 | €6,197 | €6,197 | €6,197 | = |
| Legal reserve130 | - | - | - | €6,197 | €6,197 | €6,197 | €6,197 | €6,197 | = |
| Distributable reserves133 | - | - | - | €80,405 | €82,811 | €84,638 | €90,629 | €93,666 | ▲ 3.4% |
| Profit (loss) carried forward14 | €20,897 | €28,978 | €39,662 | - | - | - | - | - | - |
| Amounts payable17/49 | €92,483 | €88,587 | €108,525 | €4,467 | €2,805 | €2,097 | €5,766 | €5,352 | ▼ 7.2% |
| Amounts payable within one year42/48 | €92,483 | €88,587 | €108,525 | €4,012 | €2,306 | €1,578 | €5,231 | €4,796 | ▼ 8.3% |
| Financial debts43 | - | - | - | - | €121 | - | - | - | - |
| Credit institutions430/8 | - | - | - | - | €121 | - | - | - | - |
| Trade debts44 | €6,175 | €9,115 | €7,996 | €2,398 | €922 | €274 | €1,231 | €2,696 | ▲ 119% |
| Suppliers440/4 | - | - | - | €2,398 | €922 | €274 | €1,231 | €2,696 | ▲ 119% |
| Taxes, remuneration and social security45 | - | - | - | €1,613 | €1,263 | €1,304 | €4,000 | €2,100 | ▼ 47.5% |
| Taxes450/3 | - | - | - | €1,613 | €1,263 | €1,304 | €4,000 | €2,100 | ▼ 47.5% |
| Accrued charges and deferred income492/3 | - | - | - | €455 | €499 | €519 | €535 | €556 | ▲ 3.9% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4,273 | €8,081 | €11,515 | -€927 | €2,407 | €1,827 | €5,991 | €3,037 | ▼ 49.3% |
| + Depreciation and write-downs630 | €20,282 | €8,979 | €6,900 | €5,130 | €4,978 | €6,792 | €5,245 | €5,199 | ▼ 0.9% |
| Operating cash flow (approximation) | €24,555 | €17,060 | €18,415 | €4,203 | €7,384 | €8,619 | €11,236 | €8,236 | ▼ 26.7% |
| Investment in fixed assets (approximation) | - | -€14,583 | -€825 | -€1,158 | -€17,275 | -€6,095 | €0 | -€5,900 | - |
| Change in cash | - | -€13,648 | -€11,223 | -€2,745 | - | - | -€196 | -€1,019 | ▼ 418% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Historical observation
In July 2024, 17,041 companies had the same profile as COPYMATIC has now. Two years later, 94.3% were still going and 0.5% had gone bankrupt.
- Micro
- 20 years or older
- solvency 30% or more
- a profit under 5% of the balance sheet
Another 0.2% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of COPYMATIC itself: 0.2% within 12 months.
Test of the method
The method was tested on the 497,446 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 17,041 companies, not a prediction for COPYMATIC. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Latest 10 of 31 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-03-2026 | full format | 30-10-2026 | 2026-00595931 | |
| 31-03-2025 | micro format | 26-10-2025 | 2025-00549551 | |
| 31-03-2024 | abbreviated format | 25-10-2024 | 2024-00514463 | |
| 31-03-2023 | abbreviated format | 28-10-2023 | 2023-00495527 | |
| 31-03-2022 | abbreviated format | 30-10-2022 | 2022-20477547 | |
| 31-03-2021 | abbreviated format | 06-04-2021 | 2021-09500217 | |
| 31-03-2020 | abbreviated format | 06-04-2020 | 2020-08500417 | |
| 31-03-2019 | abbreviated format | 11-04-2019 | 2019-09700236 | |
| 31-03-2018 | abbreviated format | 13-04-2018 | 2018-09700026 | |
| 31-03-2017 | abbreviated format | 24-04-2017 | 2017-09700150 |
Board & ownership
Directors
Board 3
Day-to-day management 1
Owners and capital
Owners
Mandate history
- Board
- Day-to-day management
- began earlier
| Name | Functions and periods |
|---|---|
| Boussifet Karin |
|
| Smidt Eric |
|
| Smidt Matthias |
|
Network & group
COPYMATIC shares no director with another company.
Companies at the same address
2 other companiesConnections & network
3 current directorsThe network starts from the directors of COPYMATIC. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
18-12
Gazette deed
Reappointments: Smidt Eric, Smidt Matthias and Boussifet Karin5 points ▸
- General meeting, 17-09-2024
- Director reappointment, Smidt Eric (director)
- Director reappointment, Smidt Matthias (director)
- Director reappointment, Boussifet Karin (director)
- Director reappointment, Smidt Eric (managing director)
Show earlier events
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 2025Codes under NACEBEL 2008
Codes under NACEBEL 2003
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
Buildings and parcels at the address
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 11302A0070/00C020 | Flanders | 233 m² | 1 · 157 m² | 10.5 m · 3 |