Equity
€311 from €204,430 in 2008
Equity fell by 100% in 16 years.
GRAFFITO
Lifetime
19 annual accounts with figures on one time axis, 28 filings since 1997peak €163,357 (2018)
€41,768▼ 39.8%
lowest -€80,183 (2024)
-€80,183▼ €45,308
peak €204,430 (2008)
€311▼ 99.7%
€221,654▲ 14.2%
peak 2 FTE (2008)
-not published
Documentsfilings and deeds
27-11-2025119 days late
2024micro format
Gross margin from €69,348 to €41,768Loss of €80,183Equity from €89,169 to €311
Key points
from the 2024 annual accountsLosses
-€115,058 in two years
The 2023 and 2024 financial years closed with a loss. 2024 was the heaviest.
Debts
€221,654 100% of the balance sheet
Financial debts 25%Suppliers 13%Taxes and wages 0%Other 62%
Of this, €158,673 falls due within a year.
Liquidity
0.11 was 0.68 in 2023
Short-term debts rose from €94,749 to €158,673.
Filings
28 annual accounts 102 days past the deadline
2025 accounts not filed: deadline was 31-07-2026.
Position in the sector
-€80,183
Lower net result than 95% of companies in advertising and market research. Sector median €14,013 · 8,789 companies.
Checked score
46
Fair
Financially stronger than 9% of micro companies in advertising and market research (NACE 73)
Probability in this band: 1.5% to 4.2%
Bankruptcy probability within 12 months
4.2% Elevated
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.2% across 11,230 companies (NACE 73, micro).
About 4 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 1.4%
01-2025: 1.3%▼ -0.1 percentage points vs 12-2024
02-2025: 1.3%● unchanged vs 01-2025
03-2025: 1.3%● unchanged vs 02-2025
04-2025: 1.3%● unchanged vs 03-2025
05-2025: 1.2%▼ -0.1 percentage points vs 04-2025
06-2025: 1.2%● unchanged vs 05-2025lowest value
07-2025: 1.4%▲ +0.2 percentage points vs 06-2025
08-2025: 1.7%▲ +0.3 percentage points vs 07-2025
09-2025: 1.8%▲ +0.1 percentage points vs 08-2025
10-2025: 2.0%▲ +0.2 percentage points vs 09-2025
11-2025: 2.1%▲ +0.1 percentage points vs 10-2025
12-2025: 3.1%▲ +1.0 percentage point vs 11-2025
01-2026: 3.1%● unchanged vs 12-2025
02-2026: 3.1%● unchanged vs 01-2026
03-2026: 3.0%▼ -0.1 percentage points vs 02-2026
04-2026: 3.0%● unchanged vs 03-2026
05-2026: 2.8%▼ -0.2 percentage points vs 04-2026
06-2026: 2.7%▼ -0.1 percentage points vs 05-2026
07-2026: 2.7%● unchanged vs 06-2026
08-2026: 3.5%▲ +0.8 percentage points vs 07-2026
09-2026: 3.6%▲ +0.1 percentage points vs 08-2026
10-2026: 4.2%▲ +0.6 percentage points vs 09-2026highest value
11-2026: 4.2%● unchanged vs 10-2026highest value
Financial strengthWeak
Score breakdown
raises risk
Liquidity: current ratio 0.11
1 financial year not filed after the legal deadline; last filed accounts filed 119 days late; 2 of the last 3 accounts late
Figures for financial year 2024 (filed on 28-11-2025)
lowers risk
Founded in 1996
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 73, micro). It does better than 13% of them on solvency, 13% on liquidity, 6% on profitability and 4% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2024.
Of the companies with a bankruptcy probability in the elevated class on 30-06-2025, 6.3% went bankrupt within twelve months.
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).
Comparable companies, two years later
In July 2024, 540 companies had the same profile as GRAFFITO has now. Each dot stands for 2 companies, two years later.
85.7%
were still trading
8.3%
stopped another way
5.2%
went bankrupt
Another 0.7% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of GRAFFITO itself: 4.2% within 12 months.
Test of the method
The method was tested on the 497,447 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 540 companies, not a prediction for GRAFFITO. 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.
Credit verdict
No publishable credit limit, so credit only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity is insufficient, with a current ratio of 0.11 (0.68 in 2023), below 1. Short-term debt is 71.5% of total assets. 99.9% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Eight signals.
lowers riskraises risk
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year -€80,183
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 13% of 8787 sector peers (2024).
NBB · sector comparisonPosition among 8787 sector peers
Solvency
better than 13%
← weakest
strongest →
raises risk · Annual accounts not filed
The financial year that closed on 31-12-2025 was due at the National Bank by 31-07-2026. Nothing is on record, 102 days later.
NBB · 10 filingsPosition against the passed deadline
31-12-2025 year end31-07-2026 deadline10-11-2026 today
raises risk · 2024 accounts filed 119 days late
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 27-11-2025, 119 days past the deadline. Measured on financial year 2023: of the companies more than 90 days late, 5.61% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
119 days late
2023
60 days late
2022
30 days late
2021
101 days late
2020
209 days late
2019
238 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 6 accounts on average 126 days after the deadline. In the sector (NACE 73), the median for financial year 2024 was 6 days before the deadline, and 36% of those companies filed late.
Searched, nothing found (1)
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0458392801
First establishment
GRAFFITO NV, Bergendriesstraat 152, Lokeren
Incorporation
published on 19-07-1996 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| GRAFFITO Lokeren | €221,965 | €41,768 | 0.1% | - |
| DE HEIDE Sint-Niklaas | €248,112 | €35,927 | 75.8% | - |
| MEDIACONCEPT Spa | €228,959 | €40,348 | 7.5% | - |
| ARCAS Woluwe-Saint-Pierre | €223,171 | €44,692 | 89.3% | - |
| A et A Etterbeek | €254,814 | €42,081 | 83.7% | - |
| T.S. PRODUCT Wezembeek-Oppem | €218,012 | €34,504 | 91.0% | - |
| ROXANE Liège | €224,350 | €49,420 | 85.1% | - |
These companies have the same main activity as GRAFFITO: advertising agencies (NACE 73110). They are comparable in size and age: total assets between €218,000 and €255,000, founded between 1992 and 1999.
Official details
Source: KBO- Status
- Active since 08-07-1996Normal situation
- Activity
- Advertising agenciesNACE 73110
- Establishment unit
- 2.077.280.5369160 Lokeren, since 10-07-1996
- Financial year end
- 31 December
- Peppol
- Reachable since 05-01-2026
Annual accounts 2024
- ≈ €110,000estimated
- €221,965▼ 21.6%
- Employeeson 31-12-2024
- 2=
- Filing
- Filed on 27-11-2025
Insights on GRAFFITO
GRAFFITO files the micro format. That format states no turnover. The gross margin fell from €82,938 in 2006 to €41,768 in 2024.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about GRAFFITO
- What is the company number of GRAFFITO?
- The company number of GRAFFITO is 0458.392.801. The VAT number is the same number with BE in front: BE 0458.392.801.
- Where is GRAFFITO based?
- The registered office is at Bergendriesstraat 152, 9160 Lokeren.Company details
- What does GRAFFITO do?
- According to the KBO register, the main activity is advertising agencies (NACE 73110).
- What is the legal form of GRAFFITO?
- GRAFFITO is a public limited company (NV).
- When was GRAFFITO founded?
- GRAFFITO was founded on 08-07-1996.
- Is GRAFFITO still active?
- Yes, GRAFFITO is an active enterprise in the KBO register.
- How many employees does GRAFFITO have?
- GRAFFITO had an average of 1.8 full-time equivalents in financial year 2024, according to the filed annual accounts.Financials
- What is the turnover of GRAFFITO?
- The turnover in financial year 2024 is ≈ €110,000. This figure is estimated from the gross margin of €41,768 and 45 comparable companies (NACE 73). It probably lies between €77,000 and €150,000.
- Is GRAFFITO profitable?
- In financial year 2024, GRAFFITO made a loss of €80,183.
- Where can I find the annual accounts of GRAFFITO?
- GRAFFITO filed 28 annual accounts with the National Bank of Belgium, the latest for financial year 2024.
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