GRAFIAS
ActiveGRAFIAS has been active since 2000 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €320k and a net result of €56k. Equity is growing by ~2.9% per year across the filed fiscal years. Its solvency ranks better than 64% of 16888 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
93
/ 100
Excellent▼ -7 vs 2024
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability87▼-6
Solvency100=
Growth78=
Stability100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30k at 30 days acceptable
Liquidity ample (current ratio 3.93 against 3.38 in 2024), and 27.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 62
Relative position
BE, all sectors
reference
Sector 62
lower
← fewer bankruptcies
more bankruptcies →
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
72.6%
Return on assets
12.7%
Age of the figures
14 mo
neutral · Filed after the deadline
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 06-02-2026, 6 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
6 d late
2024
3 d late
2023
20 d late
2022
69 d late
2021
35 d late
2020
22 d late
2019
18 d late
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close11-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€320k▲ 3.1%
2024 · €311k
2019: €270k
2020: €316k
2021: €281k
2022: €274k
2023: €297k
2024: €311k
2019 → 2025
Total assets
€441k▲ 1.4%
2024 · €435k
2019: €540k
2020: €566k
2021: €602k
2022: €572k
2023: €414k
2024: €435k
2019 → 2025
Net result
€56k▼ 3.0%
2024 · €58k
2019: €44k
2020: €46k
2021: €35k
2022: €47k
2023: €56k
2024: €58k
2019 → 2025
Working capital
€191k▲ 17.2%
2024 · €163k
2019: €229k
2020: €289k
2021: €259k
2022: €261k
2023: €132k
2024: €163k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€281k-€274k▼ 2.6%€297k▲ 8.4%€311k▲ 4.7%€320k▲ 3.1%
Operating result€40k-€57k▲ 42.2%€74k▲ 31.0%€76k▲ 1.9%€74k▼ 2.7%
Net result€35k-€47k▲ 34.8%€56k▲ 19.2%€58k▲ 3.5%€56k▼ 3.0%
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 3% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €441k
Fixed assets
€185k▼ 9.1%
Current assets
€256k▲ 10.7%
Equity and liabilities €441k
Equity
€320k▲ 3.1%
Provisions
€55k=
Debt
€66k▼ 4.7%
The debt ratio falls from 16.0% to 15.0%: equity grows while debt is paid down.
Key figures and ratios
EBITDA
€95k▼
2024 · €98k
Cash flow
€77k▼
2024 · €80k
Solvency
72.6%▲
2024 · 71.4%
Current ratio
3.93▲
2024 · 3.38
Quick ratio
3.93▲
2024 · 3.38
Debt / equity
0.21▼
2024 · 0.22
ROE
17.5%▼
2024 · 18.5%
ROA
12.7%▼
2024 · 13.2%
Interest coverage
136.52▲
2024 · 84.60
Debt
€66k▼
2024 · €70k
Debt ≤ 1 year
€65k▼
2024 · €69k
Income taxes
€22k▼
2024 · €22k
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€435k€441k▲
Fixed assets21/28€203k€185k▼
Tangible fixed assets22/27€203k€185k▼
Land and buildings22€38k€32k▼
Plant, machinery and equipment23€146k€138k▼
Furniture and vehicles24€19k€15k▼
Current assets29/58€231k€256k▲
Amounts receivable after more than one year29€158k€147k▼
Other amounts receivable291€158k€147k▼
Amounts receivable within one year40/41€19k€18k▼
Trade receivables40€19k€18k▼
Other amounts receivable41-€89
Cash at bank and in hand54/58€52k€90k▲
Deferred charges and accrued income490/1€2k€1k▼
Equity and liabilities
Total equity and liabilities10/49€435k€441k▲
Equity10/15€311k€320k▲
Contributions10/11€6k€6k=
Reserves13€243k€252k▲
Distributable reserves133€243k€252k▲
Profit (loss) carried forward14€62k€62k▲
Provisions and deferred taxes16€55k€55k=
Provisions for liabilities and charges160/5€55k€55k=
Pensions and similar obligations160€55k€55k=
Amounts payable17/49€70k€66k▼
Amounts payable within one year42/48€69k€65k▼
Trade debts44€5k€3k▼
Suppliers440/4€5k€3k▼
Taxes, remuneration and social security45€22k€19k▼
Taxes450/3€22k€19k▼
Other amounts payable47/48€42k€44k▲
Accrued charges and deferred income492/3€1k€1k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€22k€21k▼
Other operating charges640/8€2k€2k▲
Gross operating margin9900€100k€98k▼
Operating profit (loss)9901€76k€74k▼
Financial income75/76B€5k€4k▼
Recurring financial income75€5k€4k▼
Financial charges65/66B€1k€697▼
Recurring financial charges65€1k€697▼
Profit (loss) for the period before taxes9903€80k€77k▼
Income taxes67/77€22k€22k▼
Profit (loss) for the period9904€58k€56k▼
Profit (loss) for the period to be appropriated9905€58k€56k▼
Appropriation of the result
Profit (loss) to be appropriated9906€119k€118k▼
Profit (loss) brought forward from the previous period14P€62k€62k=
Transfer from equity791/2€44k€46k▲
Transfer to equity691/2€58k€56k▼
To other reserves6921€58k€56k▼
Profit to be distributed694/7€44k€46k▲
Return on contributions (dividend)694€44k€46k▲
The notes to these accounts (8 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
06-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 6 days late
2025
03-02
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 3 days late
2024
30-06
Financial
Highest result since 2019net €58k ▲3.5%
Operating result €76k, net result €58k, both a record.
20-02
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 20 days late
2023
31-03
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 69 days late
2022
25-02
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 35 days late
2021
21-06
Financial
Weakest financial yearnet €35k ▼25.4%
Net result drops to €35k, the lowest in the series; recovery starts the following year.
22-02
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 22 days late
2020
18-02
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 18 days late
2019
13-02
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 13 days late
2018
22-02
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 22 days late
2017
28-02
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 28 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 directors, no change since 2023
Lucyna ULATOWSKА
CurrentDirector · since 14-04-2023
14-04-2023
Lucyna ULATOWSKА: Appointed as Director
14-04-2023
Steve NEWBERY: Resigned as Director
Location & real-estate footprint
Registered office, Elsene · 1 establishment unit since 2000
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.
Burgemeestersstraat 381050 ElseneGround area
401 m²
Building footprint
147 m²
Volume, LiDAR
1,482 m³
Parcel 21443C0244/00A005, Brussels · tallest building 18.4 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Burgemeestersstraat 38, 1050 Elsene
since 20002.093.922.469
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21443C0244/00A005 | Brussels | 401 m² | 1 · 147 m² | 18.4 m · 4 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.
Similar companies · same sector, comparable size
STARFISK
BE 0471.786.917
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WITH
BE 0849.253.707
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BELGIAN CORNER
BE 0881.275.286
Grimbergen · Eq €320k
Gecolu
BE 0838.749.003
Mechelen · Eq €320k
X-III
BE 0743.549.837
Zemst · Eq €320k
Of 16,804 companies in sector 62100 we hold annual accounts for 8,748. 6,075 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded17-03-2000
Fiscal year end30-06
Activities, NACEBEL
62010Computer programming, consultancy and related activities
62100Computer programming
72220
Sources
Crossroads Bank for EnterprisesNational Bank · 25 filingsAddress and cadastre registers
Data from official sources, last processed on 09-09-2026. Scores and ratios are computed by Checked and are not a credit decision.