FUTURE GRAPHICS
ActiveSummary
FUTURE GRAPHICS has been active since 1995 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €60,431 and a net result of €11,316. Equity has been growing by about 6.2% per year since 2018. Its solvency ranks better than 76% of 13,741 sector peers (NACE 46, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Overview
Overview
Official details
Source: KBO- Status
- Active since 28-06-1995 Normal situation
- Activity
- Agents in non-specialised wholesale trade NACE 46190and 2 others
- Establishment unit
- 2.072.453.005 3500 Hasselt, since 24-07-1995
- Financial year end
- 31 December
- Peppol
- Reachable since 10-12-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 0.1%
- Gross margin
- €68,784
- =
- Turnover
- ≈ €320,000
- estimated
- Profit
- €11,316
- ▲ 2.8%
- Equity
- €60,431
- ▼ 50.1%
- Total assets
- €83,258
- ▼ 49.5%
- Employees on 31-12-2025
- 2
- =
- 2025 accounts filed 28 days after the deadline
Score breakdownraises riskLast filed accounts filed 28 days late; 1 of the last 3 accounts latelowers riskLiquidity: current ratio 3.65, cash €43,110, halvedFounded in 1995Equity €60,431 (72.6% of total assets)Show the evidence
Checked score
Fewer than 1 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 46, micro). It does better than 77% of them on solvency, 89% on liquidity, 56% on profitability and 10% 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
The company filed its last 7 accounts on average 36 days after the deadline. In the sector (NACE 46), the median for financial year 2024 was 3 days before the deadline, and 39% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
2025 annual accounts filed 28 days after the deadline Filed on 28 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00447725.
Annual accounts 2025 filed on 28-08-2026 at the NBB all 19 filings
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result for 2025 is 2% higher than in 2024. It is the second rise in a row, after the fall in 2023.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Average staff per financial year, in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Wholesale trade (NACE 46). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio, return on assets (ROA) and staff (FTE).
Staff
| Item | 31-12-2021 | 31-12-2022 | 31-12-2023 | 31-12-2024 | 31-12-2025 |
|---|---|---|---|---|---|
| Employees at the balance-sheet date | 1 | 2 | 2 | 2 | 2 |
| full-time | 1 | 1 | 1 | 1 | 1 |
| part-time | - | 1 | 1 | 1 | 1 |
| in full-time equivalents | 1 | 1.5 | 1.5 | 1.5 | 1.6 |
| Average over the year, in full-time equivalents | 1 | 1.3 | 1.6 | 1.6 | 1.6 |
| On a permanent contract | 1 | 2 | 2 | 2 | 2 |
| Joined | - | 1 | - | - | - |
| Left | - | 0 | - | - | - |
Source: social balance sheet in the 2021 to 2025 annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | - | - | - | €7,652 | €35,055 | €49,514 | €53,411 | €52,987 | ▼ 0.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €889 | €188 | €443 | €957 | €957 | €514 | - | - | - |
| Other operating charges640/8 | - | - | - | €354 | €358 | €487 | €462 | €538 | ▲ 16.3% |
| Gross operating margin9900 | €43,277 | €39,935 | €28,590 | €30,950 | €44,580 | €52,772 | €68,809 | €68,784 | = |
| Operating profit (loss)9901 | €21,897 | €21,128 | €18,997 | €21,987 | €8,211 | €2,258 | €14,936 | €15,259 | ▲ 2.2% |
| Financial income75/76B | - | - | - | €419 | €1,765 | €723 | €961 | €1,050 | ▲ 9.3% |
| Recurring financial income75 | €34 | €171 | €504 | €419 | €1,765 | €723 | €961 | €1,050 | ▲ 9.3% |
| Financial charges65/66B | - | - | - | €255 | €266 | €281 | €284 | €272 | ▼ 4.1% |
| Recurring financial charges65 | €245 | €340 | €239 | €255 | €266 | €281 | €284 | €272 | ▼ 4.1% |
| Profit (loss) for the period before taxes9903 | €21,686 | €20,959 | €19,262 | €22,151 | €9,710 | €2,699 | €15,613 | €16,037 | ▲ 2.7% |
| Income taxes67/77 | €6,244 | €7,276 | €3,709 | €4,269 | €2,923 | €1,157 | €4,608 | €4,721 | ▲ 2.5% |
| Profit (loss) for the period9904 | €15,442 | €13,683 | €15,553 | €17,883 | €6,787 | €1,542 | €11,005 | €11,316 | ▲ 2.8% |
| Profit (loss) for the period to be appropriated9905 | €15,442 | €13,683 | €15,553 | €17,883 | €6,787 | €1,542 | €11,005 | €11,316 | ▲ 2.8% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €82,295 | €93,658 | €113,809 | €128,882 | €147,459 | €147,227 | €164,879 | €83,258 | ▼ 49.5% |
| Fixed assets21/28 | €278 | €90 | €2,518 | €1,561 | €604 | - | - | - | - |
| Tangible fixed assets22/27 | €188 | - | €2,428 | €1,471 | €514 | - | - | - | - |
| Furniture and vehicles24 | - | - | - | €1,471 | €514 | - | - | - | - |
| Financial fixed assets28 | €90 | €90 | €90 | €90 | €90 | - | - | - | - |
| Current assets29/58 | €82,016 | €93,568 | €111,291 | €127,321 | €146,854 | €147,227 | €164,879 | €83,258 | ▼ 49.5% |
| Amounts receivable within one year40/41 | €21,823 | €27,861 | €30,641 | €38,834 | €87,970 | €72,349 | €74,265 | €39,572 | ▼ 46.7% |
| Trade receivables40 | - | - | - | €29,626 | €72,942 | €54,279 | €56,658 | €39,572 | ▼ 30.2% |
| Other amounts receivable41 | - | - | - | €9,208 | €15,028 | €18,070 | €17,606 | - | - |
| Cash at bank and in hand54/58 | €59,747 | €64,840 | €79,845 | €87,967 | €57,699 | €74,231 | €90,405 | €43,110 | ▼ 52.3% |
| Deferred charges and accrued income490/1 | - | - | - | €520 | €1,186 | €647 | €209 | €576 | ▲ 176% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €82,295 | €93,658 | €113,809 | €128,882 | €147,459 | €147,227 | €164,879 | €83,258 | ▼ 49.5% |
| Equity10/15 | €72,942 | €86,625 | €102,178 | €120,061 | €126,848 | €128,390 | €121,109 | €60,431 | ▼ 50.1% |
| Contributions10/11 | €18,600 | €18,600 | - | €18,600 | €18,600 | €18,600 | €18,600 | €18,600 | = |
| Reserves13 | €45,021 | €58,704 | €74,257 | €92,140 | €98,927 | €100,469 | €93,188 | €32,510 | ▼ 65.1% |
| Non-distributable reserves130/1 | - | - | - | €1,860 | €1,860 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,860 | €1,860 | - | - | - | - |
| Distributable reserves133 | - | - | - | €90,280 | €97,067 | €100,469 | €93,188 | €32,510 | ▼ 65.1% |
| Profit (loss) carried forward14 | €9,321 | €9,321 | €9,321 | €9,321 | €9,321 | €9,321 | €9,321 | €9,321 | = |
| Amounts payable17/49 | €9,353 | €7,033 | €11,631 | €8,821 | €20,611 | €18,837 | €43,770 | €22,827 | ▼ 47.8% |
| Amounts payable within one year42/48 | €9,353 | €7,033 | €11,631 | €8,821 | €20,011 | €18,837 | €43,770 | €22,827 | ▼ 47.8% |
| Trade debts44 | €3,416 | €3,640 | €6,244 | €3,304 | €12,304 | €7,552 | €9,633 | €7,994 | ▼ 17.0% |
| Suppliers440/4 | - | - | - | €3,304 | €12,304 | €7,552 | €9,633 | €7,994 | ▼ 17.0% |
| Taxes, remuneration and social security45 | - | - | - | €5,518 | €7,707 | €11,285 | €16,766 | €12,577 | ▼ 25.0% |
| Taxes450/3 | - | - | - | €2,841 | - | €2,225 | €4,695 | €1,712 | ▼ 63.5% |
| Remuneration and social security454/9 | - | - | - | €2,676 | €7,707 | €9,060 | €12,071 | €10,865 | ▼ 10.0% |
| Other amounts payable47/48 | - | - | - | - | - | - | €17,371 | €2,256 | ▼ 87.0% |
| Accrued charges and deferred income492/3 | - | - | - | - | €600 | - | - | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €15,442 | €13,683 | €15,553 | €17,883 | €6,787 | €1,542 | €11,005 | €11,316 | ▲ 2.8% |
| + Depreciation and write-downs630 | €889 | €188 | €443 | €957 | €957 | €514 | - | - | - |
| Operating cash flow (approximation) | €16,331 | €13,871 | €15,995 | €18,839 | €7,744 | €2,056 | €11,005 | €11,316 | ▲ 2.8% |
| Investment in fixed assets (approximation) | - | €0 | -€2,870 | €0 | €0 | - | - | - | - |
| Change in cash | - | €5,092 | €15,005 | €8,122 | -€30,269 | €16,532 | €16,175 | -€47,296 | - |
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, 31,368 companies had the same profile as FUTURE GRAPHICS has now. Two years later, 0.5% had gone bankrupt and 93.5% were still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of FUTURE GRAPHICS itself: 0.1% 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 31,368 companies, not a prediction for FUTURE GRAPHICS. 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 19 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 28-08-2026 | 2026-00447725 | |
| 31-12-2024 | micro format | 31-08-2025 | 2025-00468764 | |
| 31-12-2023 | micro format | 30-08-2024 | 2024-00407762 | |
| 31-12-2022 | micro format | 31-08-2023 | 2023-00431099 | |
| 31-12-2021 | micro format | 30-08-2022 | 2022-20363547 | |
| 31-12-2020 | micro format | 31-08-2021 | 2021-58600134 | |
| 31-12-2019 | micro format | 08-10-2020 | 2020-59600538 | |
| 31-12-2018 | micro format | 31-07-2019 | 2019-40600522 | |
| 31-12-2017 | micro format | 03-08-2018 | 2018-43400222 | |
| 31-12-2016 | micro format | 31-08-2017 | 2017-59700486 |
Board & ownership
Directors
Owners and capital
Capital transactions
- 16-02-2024 Converted to unavailable equity · €18,600
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| GIJSENS Bart Alfons José Ghislain |
|
Network & group
FUTURE GRAPHICS shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of FUTURE GRAPHICS. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
16-02
Gazette deed
Resignation: GIJSENS Bart Alfons José Ghislain (manager)Reappointment: GIJSENS Bart Alfons José Ghislain (director) · Amendment of the articles · Capital conversion13 points ▸
- General meeting, 15-12-2023
- Amendment of the articles, mentioned 2 times in the deed
- Other provision, “activiteiten behoren tot voorwerp, terminologie voorwerp/doel” (deed in Dutch)
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Reserve release, “opheffing statutair onbeschikbare eigen vermogensrekening, middelen beschikbaar voor uitkering” (deed in Dutch)
- Other provision, “voorlezing en toelichting door notaris, verantwoord in verslag dat niet wordt neergelegd” (deed in Dutch)
- Purpose change
- Director resignation, GIJSENS Bart Alfons José Ghislain (manager)
- Director discharge, GIJSENS Bart Alfons José Ghislain (manager)
- Director reappointment, GIJSENS Bart Alfons José Ghislain (director (not named in the articles))
- Power of attorney, Myrrhine Vrolix (geassocieerde notaris te hasselt (eerste kanton))
- Power of attorney, Joséfine VANUYTRECHT (geassocieerde notaris te hasselt (eerste kanton))
- The act holds 1 more point.
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 |
|---|---|---|---|---|
| 71323C1207/00G002 | Flanders | 228 m² | 1 · 124 m² | 10.2 m · 1 |