GRAFFIT'ART
ActiveSummary
GRAFFIT'ART has been active since 2002 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €429,104 and a net result of €61,667. Equity is growing by ~20.2% per year across the filed fiscal years. Its solvency ranks better than 77% of 7114 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability83▼-3
Solvency100▲+1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €35,000 at 30 days acceptable
Liquidity ample (current ratio 3.05 against 3.79 in 2024; short-term debt: 17.9% and cash: 28.9% of total assets), and 19.9% of the assets are financed with debt.
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Signals
Four 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 · 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
80.1%
Return on assets
11.5%
Age of the figures
9 mo
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 16-07-2026, 15 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
15 d early
2024
8 d early
2023
40 d early
2022
28 d late
2021
75 d late
2020
69 d late
2019
112 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 32 days after the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 36% of the sector filed late.
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. Usually files around 23 July (4 of the last 5 filed years within 36 days of that day).
Companies Code · seven monthsPosition in the running window
30-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€429,104▲ 16.8%
2024 · €367,437
Total assets
€536,002▲ 8.4%
2024 · €494,379
Net result
€61,667▼ 11.3%
2024 · €69,503
Working capital
€196,638▼ 32.9%
2024 · €293,048
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations activities, 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
Line20212022202320242025
Operating result€41,215▼ 41.3%€50,067▲ 21.5%€84,972▲ 69.7%€98,059▲ 15.4%€88,784▼ 9.5%
Net result€30,136within the sector's middle half▼ 48.2%€35,477within the sector's middle half▲ 17.7%€58,073above the sector's middle half▲ 63.7%€69,503above the sector's middle half▲ 19.7%€61,667above the sector's middle half▼ 11.3%
Equity€204,384above the sector's middle half▲ 10.9%€239,861above the sector's middle half▲ 17.4%€297,934above the sector's middle half▲ 24.2%€367,437above the sector's middle half▲ 23.3%€429,104above the sector's middle half▲ 16.8%
Total assets€419,555above the sector's middle half▼ 1.0%€431,279above the sector's middle half▲ 2.8%€482,562above the sector's middle half▲ 11.9%€494,379above the sector's middle half▲ 2.4%€536,002above the sector's middle half▲ 8.4%
Debt€215,171▼ 10.2%€191,418▼ 11.0%€184,628▼ 3.5%€126,942▼ 31.2%€106,897▼ 15.8%
Working capital€161,880above the sector's middle half▲ 12.8%€170,080above the sector's middle half▲ 5.1%€225,707above the sector's middle half▲ 32.7%€293,048above the sector's middle half▲ 29.8%€196,638above the sector's middle half▼ 32.9%
Solvency48.7%within the sector's middle half▲ 5.2pp55.6%within the sector's middle half▲ 6.9pp61.7%within the sector's middle half▲ 6.1pp74.3%within the sector's middle half▲ 12.6pp80.1%above the sector's middle half▲ 5.7pp
Current ratio2.03within the sector's middle half▲ 0.162.14within the sector's middle half▲ 0.112.49within the sector's middle half▲ 0.343.79within the sector's middle half▲ 1.313.05within the sector's middle half▼ 0.75
Return on assets (ROA)7.2%within the sector's middle half▼ 6.5pp8.2%within the sector's middle half▲ 1.0pp12.0%within the sector's middle half▲ 3.8pp14.1%within the sector's middle half▲ 2.0pp11.5%within the sector's middle half▼ 2.6pp
above
within
below
the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 9% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €536,002
Fixed assets
€243,298 ▲ 152%
Current assets
€292,704 ▼ 26.5%
Equity and liabilities €536,002
Equity
€429,104 ▲ 16.8%
Debt
€106,897 ▼ 15.8%
Debt's share of the balance-sheet total falls from 25.7% to 19.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€96,215▼
2024 · €106,544
Cash flow
€69,098▼
2024 · €77,988
Debt to equity
0.25▼
2024 · 0.35
ROE
14.4%▼
2024 · 18.9%
Interest coverage
46.46▲
2024 · 44.90
Debt ≤ 1 year
€96,065▼
2024 · €104,919
Debt > 1 year
€10,807▼
2024 · €22,023
Income taxes
€25,046▼
2024 · €26,188
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,134 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.4% 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 497,340 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% 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 20,134 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 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €58 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €18,272 | €19,403 | €8,144 | €8,485 | €7,431 | ▼ 12.4% |
| Other operating charges640/8 | €1,549 | €7,560 | €2,054 | €2,668 | €2,576 | ▼ 3.4% |
| Gross operating margin9900 | €61,036 | €77,030 | €95,170 | €109,212 | €98,791 | ▼ 9.5% |
| Operating profit (loss)9901 | €41,215 | €50,067 | €84,972 | €98,059 | €88,784 | ▼ 9.5% |
| Financial income75/76B | - | - | €0 | €5 | €0 | ▼ 98.5% |
| Recurring financial income75 | - | - | €0 | €5 | €0 | ▼ 98.5% |
| Financial charges65/66B | €4,498 | €3,502 | €3,638 | €2,373 | €2,071 | ▼ 12.7% |
| Recurring financial charges65 | €4,498 | €3,502 | €3,638 | €2,373 | €2,071 | ▼ 12.7% |
| Profit (loss) for the period before taxes9903 | €36,716 | €46,565 | €81,335 | €95,691 | €86,714 | ▼ 9.4% |
| Income taxes67/77 | €6,581 | €11,088 | €23,262 | €26,188 | €25,046 | ▼ 4.4% |
| Profit (loss) for the period9904 | €30,136 | €35,477 | €58,073 | €69,503 | €61,667 | ▼ 11.3% |
| Profit (loss) for the period to be appropriated9905 | €30,136 | €35,477 | €58,073 | €69,503 | €61,667 | ▼ 11.3% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €419,555 | €431,279 | €482,562 | €494,379 | €536,002 | ▲ 8.4% |
| Fixed assets21/28 | €101,248 | €112,558 | €104,897 | €96,412 | €243,298 | ▲ 152% |
| Tangible fixed assets22/27 | €101,248 | €112,558 | €104,897 | €96,412 | €243,298 | ▲ 152% |
| Land and buildings22 | €78,230 | €74,382 | €70,535 | €66,687 | €215,264 | ▲ 223% |
| Plant, machinery and equipment23 | €1,610 | €31,888 | €29,754 | €27,160 | €24,566 | ▼ 9.6% |
| Furniture and vehicles24 | €15,727 | €2,182 | €1,384 | €103 | €1,768 | ▲ 1,616% |
| Other tangible fixed assets26 | €5,681 | €4,105 | €3,225 | €2,462 | €1,700 | ▼ 31.0% |
| Current assets29/58 | €318,307 | €318,721 | €377,665 | €397,966 | €292,704 | ▼ 26.5% |
| Amounts receivable within one year40/41 | €77,714 | €52,022 | €60,867 | €52,978 | €129,083 | ▲ 144% |
| Trade receivables40 | €70,525 | €36,283 | €60,867 | €52,978 | €129,083 | ▲ 144% |
| Other amounts receivable41 | €7,188 | €15,739 | - | - | - | - |
| Cash at bank and in hand54/58 | €235,534 | €266,700 | €316,416 | €342,684 | €154,865 | ▼ 54.8% |
| Deferred charges and accrued income490/1 | €5,060 | - | €382 | €2,304 | €8,756 | ▲ 280% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €419,555 | €431,279 | €482,562 | €494,379 | €536,002 | ▲ 8.4% |
| Equity10/15 | €204,384 | €239,861 | €297,934 | €367,437 | €429,104 | ▲ 16.8% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Reserves13 | €12,860 | €12,860 | €62,860 | €112,860 | €174,527 | ▲ 54.6% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Reserves not available under the articles1311 | €1,860 | €1,860 | €1,860 | €1,860 | €1,860 | = |
| Tax-exempt reserves132 | €11,000 | €11,000 | €11,000 | €11,000 | €11,000 | = |
| Distributable reserves133 | - | - | €50,000 | €100,000 | €161,667 | ▲ 61.7% |
| Profit (loss) carried forward14 | €185,324 | €220,801 | €228,874 | €248,377 | €248,377 | = |
| Amounts payable17/49 | €215,171 | €191,418 | €184,628 | €126,942 | €106,897 | ▼ 15.8% |
| Amounts payable after more than one year17 | €58,744 | €42,777 | €32,670 | €22,023 | €10,807 | ▼ 50.9% |
| Financial debts170/4 | €58,744 | €42,777 | €32,670 | €22,023 | €10,807 | ▼ 50.9% |
| Amounts payable within one year42/48 | €156,427 | €148,641 | €151,958 | €104,919 | €96,065 | ▼ 8.4% |
| Current portion of amounts payable after more than one year42 | €16,668 | €15,966 | €10,069 | €10,647 | €11,217 | ▲ 5.3% |
| Trade debts44 | €32,743 | €17,398 | €11,738 | €8,508 | €9,551 | ▲ 12.3% |
| Suppliers440/4 | €32,743 | €17,398 | €11,738 | €8,508 | €8,861 | ▲ 4.2% |
| Bills of exchange payable441 | - | - | - | - | €690 | - |
| Taxes, remuneration and social security45 | €16,894 | €37,788 | €40,174 | €36,940 | €22,353 | ▼ 39.5% |
| Taxes450/3 | €10,674 | €21,762 | €40,174 | €34,940 | €18,625 | ▼ 46.7% |
| Remuneration and social security454/9 | €6,219 | €16,026 | - | €2,000 | €3,728 | ▲ 86.4% |
| Other amounts payable47/48 | €90,122 | €77,489 | €89,977 | €48,824 | €52,945 | ▲ 8.4% |
| Accrued charges and deferred income492/3 | - | - | - | - | €26 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €30,136 | €35,477 | €58,073 | €69,503 | €61,667 | ▼ 11.3% |
| + Depreciation and write-downs630 | €18,272 | €19,403 | €8,144 | €8,485 | €7,431 | ▼ 12.4% |
| Operating cash flow (approximation) | €48,408 | €54,880 | €66,216 | €77,988 | €69,098 | ▼ 11.4% |
| Investment in fixed assets (approximation) | - | -€30,713 | -€483 | €0 | -€154,317 | - |
| Change in cash | - | €31,166 | €49,716 | €26,268 | -€187,819 | ▼ 815% |
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
Next filing, fiscal year 2026, expected by
2026
16-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
23-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
21-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 28 days late
2022
14-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 75 days late
2021
31-12
Financial
Weakest financial yearnet €30,136 ▼48.2%
Net result drops to €30,136, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €200,000Eq €204,384 ▲10.9%
4 profitable years in a row build equity to €204,384.
08-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 69 days late
2020
20-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 112 days late
2019
31-12
Financial
Highest result since 2018net €92,479 ▲117%
Operating result €115,902, net result €92,479, both a record.
31-12
Financial
Equity above €150,000Eq €161,104 ▲63.3%
2 profitable years in a row build equity to €161,104.
19-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 19 days late
2018
31-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 31 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Jodoigne · 1 establishment unit since 2002
Ground area
287 m²
Building footprint
221 m²
Volume, LiDAR
3,333 m³
2 parcels, Brussels, Wallonia · tallest building 18.8 m, ±6 floors. Linked by address, not a title deed.
1 establishment unit
François Gaystraat 263, 1150 Sint-Pieters-Woluwe
since 20022.131.723.864
2 parcels
Wallonia
1
(50%)
Brussels
1
(50%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21019A0116/00S010 | Brussels | 211 m² | 1 · 173 m² | 18.8 m · 6 fl. |
| 25048G0043/00N000 | Wallonia | 76 m² | 1 · 47 m² | 14.4 m · 4 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 9,863 companies in sector 73110 we hold annual accounts for 3,759. 2,287 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
Founded29-07-2002
Fiscal year end31-12
Activities, NACEBEL 2025
73110Advertising agencies
18130Pre-press and pre-media services
73120Media representation
E-invoicing
Reachable via Peppol
Peppol ID
0208:0478085878
Also
9925:BE0478085878
Registered
08-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.