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COURCELLE ART & PRODUCTION

Active
Private limited companyfounded 2005active for 21 yearsAvenue des Vallons 33, 1410 Waterloo, BelgiumKBO/BCE: BE 0873.184.694
Summary

COURCELLE ART & PRODUCTION has been active since 2005 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €21,310 and a net result of €2,163. Equity has been growing by about 18% per year since 2018. Its solvency ranks better than 77% of 823 sector peers (NACE 58, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Overview

Official details

Source: KBO
Status
Active since 14-04-2005 Normal situation
Activity
Other publishing activities, excluding software publishing NACE 58190and 1 other
Establishment unit
2.146.496.964 1410 Waterloo, since 01-04-2005
Financial year end
31 December
Peppol
Reachable since 09-02-2026

Board and ownership

Board

Financial position

95 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.1%
Annual accounts 2025
Gross margin
€3,952
Turnover
≈ €30,000
estimated
Profit
€2,163
Equity
€21,310
▲ 11.3%
Total assets
€26,439
▲ 5.0%
Filed on 12-05-2026, 80 days before the deadline
Score breakdownraises riskSize: total assets €26,439lowers riskSector: Publishing activities (NACE 58)Equity €21,310 (80.6% of total assets)Figures for financial year 2025 (filed on 18-05-2026)Show the evidence

Checked score

Score 2025
95 / 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 60% of micro companies in publishing (NACE 58)
Financial strength · tick: 2024
Strong
Solvency 100=
equity 80.6% of total assets
Liquidity 58+11
short-term debt 19.4% · cash 11.4%
Profitability 46+46
return on assets 8.2%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (1,282 companies, NACE 58, micro)
Last 24 months 12-2024: 0.1% 01-2025: 0.1%● unchanged vs 12-2024 02-2025: 0.1%● unchanged vs 01-2025 03-2025: 0.1%● unchanged vs 02-2025 04-2025: 0.1%● unchanged vs 03-2025 05-2025: 0.1%● unchanged vs 04-2025 06-2025: 0.2%▲ +0.1 percentage points vs 05-2025 07-2025: 0.2%● unchanged vs 06-2025 08-2025: 0.2%● unchanged vs 07-2025 09-2025: 0.2%● unchanged vs 08-2025 10-2025: 0.2%● unchanged vs 09-2025 11-2025: 0.2%● unchanged vs 10-2025 12-2025: 0.2%● unchanged vs 11-2025 01-2026: 0.2%● unchanged vs 12-2025 02-2026: 0.2%● unchanged vs 01-2026 03-2026: 0.2%● unchanged vs 02-2026 04-2026: 0.2%● unchanged vs 03-2026highest value 05-2026: 0.2%● unchanged vs 04-2026 06-2026: 0.1%▼ -0.1 percentage points vs 05-2026lowest value 07-2026: 0.1%● unchanged vs 06-2026lowest value 08-2026: 0.1%● unchanged vs 07-2026lowest value 09-2026: 0.1%● unchanged vs 08-2026lowest value 10-2026: 0.1%● unchanged vs 09-2026lowest value 11-2026: 0.1%● unchanged vs 10-2026lowest value
Credit of up to €2,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 4.87 (4.09 in 2024), above the usual 1.5. Short-term debt is 19.4% and cash 11.4% of total assets. 19.4% of the assets are financed with debt and provisions.
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 58, micro). It does better than 87% of them on solvency, 53% on liquidity, 36% on profitability and 64% on growth.

The bankruptcy probability was computed on 01-11-2026 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

Five signals.
lowers riskraises riskneutral
lowers risk · Sector: Publishing activities (NACE 58)
KBO
raises risk · Size: total assets €26,439
Companies of this size fail more often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
lowers risk · Equity €21,310 (80.6% of total assets)
NBB · annual accounts
lowers risk · Figures for financial year 2025 (filed on 18-05-2026)
NBB · annual accounts
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 12-05-2026, 80 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
80 days early
2024
71 days early
2023
19 days late
2022
9 days late
2021
25 days early
2020
11 days late
2019
28 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 7 accounts on average 24 days before the deadline. In the sector (NACE 58), the median for financial year 2024 was 7 days before the deadline, and 37% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 6 July (4 of the last 5 accounts filed within 46 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
01-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Comparable companies

These companies have the same main activity as COURCELLE ART & PRODUCTION: other publishing activities, excluding software publishing (NACE 58190). They are comparable in size and age: total assets between €18,100 and €74,200, founded between 1995 and 2008.

CompanyTotal assetsGross margin
COURCELLE ART & PRODUCTION Waterloo€26,439€3,952
LETTER EN VORM Beveren-Kruibeke-Zwijndrecht€37,167€5,163
MEDIATRAINING Sint-Gillis (bij-Brussel)€26,212€648
PACO SCRIPT Dendermonde€21,427€11,649
ATLANTID Frasnes-lez-Anvaing€28,218-€311
United Card Company Lochristi€18,051-€8,505
CALAMI Chaumont-Gistoux€74,218€9,300
Full comparison

Key facts about COURCELLE ART & PRODUCTION

What is the company number of COURCELLE ART & PRODUCTION?
The company number of COURCELLE ART & PRODUCTION is 0873.184.694. The VAT number is the same number with BE in front: BE 0873.184.694.
Where is COURCELLE ART & PRODUCTION based?
The registered office is at Avenue des Vallons 33, 1410 Waterloo.Company details
What does COURCELLE ART & PRODUCTION do?
According to the KBO register, the main activity is other publishing activities, excluding software publishing (NACE 58190).
What is the legal form of COURCELLE ART & PRODUCTION?
The legal form of COURCELLE ART & PRODUCTION is Private limited company (BV).
When was COURCELLE ART & PRODUCTION founded?
COURCELLE ART & PRODUCTION was founded on 14-04-2005.
Is COURCELLE ART & PRODUCTION still active?
Yes, COURCELLE ART & PRODUCTION is an active enterprise in the KBO register.
What is the turnover of COURCELLE ART & PRODUCTION?
The turnover in financial year 2025 is ≈ €30,000. This figure is estimated from the gross margin of €3,952 and 6,330 comparable companies of the same size. It probably lies between €14,000 and €73,000. It is a rough estimate.Financials
Is COURCELLE ART & PRODUCTION profitable?
In financial year 2025, COURCELLE ART & PRODUCTION made a profit of €2,163.
Where can I find the annual accounts of COURCELLE ART & PRODUCTION?
COURCELLE ART & PRODUCTION filed 21 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of COURCELLE ART & PRODUCTION due?
COURCELLE ART & PRODUCTION must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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