GRAFFOTO MANAGEMENT
ActiveGRAFFOTO MANAGEMENT has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €134k and a net result of €1k. Equity is growing by ~19.6% per year across the filed fiscal years. Its solvency ranks better than 58% of 2259 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.6% (low).
Checked score
Score 2025
86
/ 100
Excellent▼ -8 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability5▼-4
Solvency96▲+1
Growth78=
Stability100
Bankruptcy probability, 12 months
0.6%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €12k at 30 days acceptable
Liquidity ample (current ratio 2.33 against 2.39 in 2024), and 48.8% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight 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 82
Relative position
BE, all sectors
reference
Sector 82
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
51.2%
Return on assets
0.5%
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 29-06-2026, 32 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
32 d early
2024
29 d early
2023
32 d early
2022
40 d early
2021
38 d early
2020
33 d early
2019
46 d early
← before the deadline
after the deadline →
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
16-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€134k▲ 1.0%
2024 · €133k
2018: €13k
2019: €13k
2020: €44k
2021: €86k
2022: €131k
2023: €131k
2024: €133k
2018 → 2025
Total assets
€263k▼ 0.9%
2024 · €265k
2018: €43k
2019: €49k
2020: €297k
2021: €347k
2022: €387k
2023: €274k
2024: €265k
2018 → 2025
Net result
€1k▼ 45.2%
2024 · €2k
2018: €135
2019: €269
2020: €31k
2021: €47k
2022: €44k
2023: €222
2024: €2k
2018 → 2025
Working capital
€75k▲ 3.7%
2024 · €72k
2018: €13k
2019: €13k
2020: €-15k
2021: €6k
2022: €60k
2023: €64k
2024: €72k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€86k-€131k▲ 51.7%€131k▲ 0.2%€133k▲ 1.8%€134k▲ 1.0%
Operating result€49k-€75k▲ 52.0%€636▼ 99.1%€2k▲ 141%€3k▲ 126%
Net result€47k-€44k▼ 5.0%€222▼ 99.5%€2k▲ 969%€1k▼ 45.2%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 126% above 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €263k
Fixed assets
€132k▼ 6.5%
Current assets
€130k▲ 5.5%
Equity and liabilities €263k
Equity
€134k▲ 1.0%
Debt
€128k▼ 2.8%
The debt ratio falls from 49.8% to 48.8%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€13k▼
2024 · €14k
Cash flow
€11k▼
2024 · €15k
Solvency
51.2%▲
2024 · 50.2%
Current ratio
2.33▼
2024 · 2.39
Quick ratio
2.33▼
2024 · 2.39
Debt / equity
0.95▼
2024 · 0.99
ROE
1.0%▼
2024 · 1.8%
ROA
0.5%▼
2024 · 0.9%
Interest coverage
17.54▲
2024 · 14.00
Debt
€128k▼
2024 · €132k
Debt ≤ 1 year
€56k▲
2024 · €52k
Debt > 1 year
€72k▼
2024 · €80k
Income taxes
€2k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€265k€263k▼
Fixed assets21/28€141k€132k▼
Tangible fixed assets22/27€141k€132k▼
Land and buildings22€138k€130k▼
Plant, machinery and equipment23€2k€556▼
Furniture and vehicles24€2k€1k▼
Current assets29/58€124k€130k▲
Amounts receivable within one year40/41€16k€10k▼
Trade receivables40€5k€3k▼
Other amounts receivable41€11k€7k▼
Current investments50/53-€75k
Cash at bank and in hand54/58€108k€46k▼
Equity and liabilities
Total equity and liabilities10/49€265k€263k▼
Equity10/15€133k€134k▲
Contributions10/11€21k€21k=
Capital10€21k€21k=
Issued capital100€21k€21k=
Profit (loss) carried forward14€112k€114k▲
Amounts payable17/49€132k€128k▼
Amounts payable after more than one year17€80k€72k▼
Financial debts170/4€80k€72k▼
Amounts payable within one year42/48€52k€56k▲
Current portion of amounts payable after more than one year42€8k€8k=
Trade debts44€55€530▲
Suppliers440/4€55€530▲
Taxes, remuneration and social security45€522€1k▲
Taxes450/3€522€1k▲
Other amounts payable47/48€43k€46k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€12k€10k▼
Other operating charges640/8€4k€2k▼
Non-recurring operating charges66A-€196
Gross operating margin9900€18k€15k▼
Operating profit (loss)9901€2k€3k▲
Financial income75/76B€2k€746▼
Recurring financial income75€2k€746▼
Financial charges65/66B€1k€767▼
Recurring financial charges65€1k€767▼
Profit (loss) for the period before taxes9903€2k€3k▲
Income taxes67/77-€2k
Profit (loss) for the period9904€2k€1k▼
Profit (loss) for the period to be appropriated9905€2k€1k▼
Appropriation of the result
Profit (loss) to be appropriated9906€112k€114k▲
Profit (loss) brought forward from the previous period14P€110k€112k▲
The notes to these accounts (5 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
29-06
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
02-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
29-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
21-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Equity above €100kEq €131k ▲51.7%
5 profitable years in a row build equity to €131k.
23-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2018net €47k ▲50.6%
Net result €47k, the highest in the series.
28-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
15-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
05-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 5 days late
2018
02-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 2 days late
2017
20-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Sint-Gillis (bij-Brussel) · 3 establishment units since 1999
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.
Overwinningsstraat 1331060 Sint-Gillis (bij-Brussel)Ground area
6,834 m²
Building footprint
333 m²
Volume, LiDAR
6,409 m³
2 parcels, Brussels · tallest building 22.7 m, ±7 floors. Linked by address, not a title deed.
3 establishment units
Overwinningsstraat 133, 1060 Sint-Gillis (bij-Brussel)
since 19992.055.257.774
Auguste Heenestraat 7, 1190 Vorst
since 20202.310.820.112
Vijvershoek 8, 1070 Anderlecht
since 20202.310.820.310
2 parcels
Brussels
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21307F0089/00K000 | Brussels | 6,784 m² | 1 · 283 m² | 22.7 m · 7 fl. |
| 21013B0312/00L013 | Brussels | 50 m² | 1 · 50 m² | 16.0 m · 5 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
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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bunbun
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Of 11,177 companies in sector 82100 we hold annual accounts for 3,491. 2,571 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded16-11-1991
Fiscal year end31-12
Activities, NACEBEL
82100Office administrative and support services
82110Office administrative, office support and other business support activities
93052
96999Other personal services
Sources
Crossroads Bank for EnterprisesNational Bank · 32 filingsAddress and cadastre registers
Data from official sources, last processed on 16-09-2026. Scores and ratios are computed by Checked and are not a credit decision.