G.D.S. GRAPHICS
ActiveSummary
G.D.S. GRAPHICS has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.55M and a net result of €-67k. Equity is shrinking by ~4.4% per year across the filed fiscal years. Its solvency ranks better than 70% of 310 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
58
/ 100
Fair
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability16▲+5
Solvency82=
Growth32=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €90k at 30 days acceptable
Liquidity short (current ratio 0.11 against 0.06 in 2024; short-term debt: 43% and cash: 0.2% of total assets), and 43% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Five 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
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
Sector 18
lower
← fewer bankruptcies
more bankruptcies →
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
57%
Return on assets
-2.5%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year €-67k
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 31-08-2026, 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
31 d late
2024
31 d late
2023
21 d late
2022
28 d late
2021
25 d late
2020
30 d late
2019
31 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€1.55M▼ 4.1%
2024 · €1.62M
2018: €2.15M
2019: €2.12M
2020: €2.09M
2021: €2.03M
2022: €1.94M
2023: €1.79M
2024: €1.62M
2018 → 2025
Total assets
€2.73M▼ 4.2%
2024 · €2.85M
2018: €2.48M
2019: €2.50M
2020: €2.52M
2021: €2.48M
2022: €2.48M
2023: €2.62M
2024: €2.85M
2018 → 2025
Net result
€-67k▲ 61.5%
2024 · €-174k
2018: €-51k
2019: €-26k
2020: €-25k
2021: €-67k
2022: €-86k
2023: €-146k
2024: €-174k
2018 → 2025
Working capital
€-1.05M▲ 9.6%
2024 · €-1.16M
2018: €-262k
2019: €-312k
2020: €-346k
2021: €-378k
2022: €-486k
2023: €-778k
2024: €-1.16M
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€2.03M-€1.94M▼ 4.3%€1.79M▼ 7.5%€1.62M▼ 9.7%€1.55M▼ 4.1%
Operating result€-67k-€-86k▼ 28.1%€-85k▲ 0.9%€-134k▼ 57.4%€-75k▲ 44.0%
Net result€-67k-€-86k▼ 28.2%€-146k▼ 69.7%€-174k▼ 18.9%€-67k▲ 61.5%
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €75k in 2025 against €134k in 2024; the loss shrinks.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.73M
Fixed assets
€2.60M ▼ 6.4%
Current assets
€128k ▲ 86.5%
Equity and liabilities €2.73M
Equity
€1.55M ▼ 4.1%
Debt
€1.17M ▼ 4.3%
Debt's share of the balance-sheet total stays at 43.0%.
Key figures and ratios
EBITDA
€-371▲
2024 · €-59k
Cash flow
€8k▲
2024 · €-99k
Current ratio
0.11▲
2024 · 0.06
Debt to equity
0.76▼
2024 · 0.76
ROE
-4.3%▲
2024 · -10.7%
ROA
-2.5%▲
2024 · -6.1%
Interest coverage
0.00▲
2024 · -1.00
Debt ≤ 1 year
€1.17M▼
2024 · €1.22M
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 44 lines
Balance sheet
Code20242025
Assets
Total assets20/58€2.85M€2.73M▼
Fixed assets21/28€2.78M€2.60M▼
Tangible fixed assets22/27€1.15M€976k▼
Land and buildings22€1.12M€945k▼
Plant, machinery and equipment23€33k€30k▼
Furniture and vehicles24€860€1k▲
Financial fixed assets28€1.62M€1.62M=
Current assets29/58€68k€128k▲
Amounts receivable within one year40/41€68k€81k▲
Trade receivables40€27k€39k▲
Other amounts receivable41€40k€42k▲
Current investments50/53-€39k
Cash at bank and in hand54/58€676€5k▲
Deferred charges and accrued income490/1-€2k
Equity and liabilities
Total equity and liabilities10/49€2.85M€2.73M▼
Equity10/15€1.62M€1.55M▼
Contributions10/11€248k€248k=
Reserves13€2.00M€2.00M=
Distributable reserves133€2.00M€2.00M=
Profit (loss) carried forward14€-623k€-690k▼
Amounts payable17/49€1.22M€1.17M▼
Amounts payable within one year42/48€1.22M€1.17M▼
Financial debts43€200k€106k▼
Credit institutions430/8€200k€106k▼
Trade debts44€321k€206k▼
Suppliers440/4€321k€206k▼
Advances received on contracts in progress46€73€38k▲
Taxes, remuneration and social security45€15k€16k▲
Taxes450/3€15k€16k▲
Other amounts payable47/48€689k€807k▲
Income statement
Code20242025
Non-recurring operating income76A-€8k
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€75k€75k▼
Other operating charges640/8-€254
Gross operating margin9900€-59k€-117▲
Operating profit (loss)9901€-134k€-75k▲
Financial income75/76B€20k€453k▲
Recurring financial income75€20k€453k▲
Financial charges65/66B€59k€445k▲
Recurring financial charges65€59k€445k▲
Profit (loss) for the period before taxes9903€-174k€-67k▲
Profit (loss) for the period9904€-174k€-67k▲
Profit (loss) for the period to be appropriated9905€-174k€-67k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-623k€-690k▼
Profit (loss) brought forward from the previous period14P€-449k€-623k▼
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
31-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 31 days late
2025
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema · 31 days late
2024
31-12
Financial
Weakest financial yearnet €-174k
Net result drops to €-174k, the lowest in the series; recovery starts the following year.
21-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 21 days late
2023
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 28 days late
2022
25-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 25 days late
2021
30-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 30 days late
2020
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 31 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema · 29 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema · 31 days late
2017
29-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 29 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 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, Knokke-Heist · 1 establishment unit since 1995
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.
Hortensialaan 18300 Knokke-HeistGround area
1,674 m²
Building footprint
199 m²
Volume, LiDAR
1,288 m³
Parcel 31333I0787/00P000, Flanders · tallest building 11.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
GDS-GRAPHICS
since 19952.069.832.025
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 31333I0787/00P000 | Flanders | 1,674 m² | 1 · 199 m² | 11.0 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
967600NVKHO1VRJ0UJ60
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Of 1,600 companies in sector 18120 we hold annual accounts for 808. 392 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded28-12-1994
Fiscal year end31-12
Activities, NACEBEL 2025
18120Other printing
Sources
Crossroads Bank for EnterprisesNational Bank · 31 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.