GRAFICO
ActiveSummary
GRAFICO has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €437,955 and a net result of -€23,973. Equity is growing by ~18.2% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 1.0% (low).
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Signals
This company filed its last 7 accounts on average 27 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Checked, nothing found (2)
History
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Financials · fiscal year 2025, abbreviated schema
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Peer companies
Historical observationOf the 12,321 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 90% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a small loss
A further 0.6% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a higher bankruptcy probability: 1.0% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 12,321 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.
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €3,734 | €0 | €8,200 | €1,085 | €2,513 | ▲ 132% |
| Goods, raw materials, services and sundry goods60/61 | €48,317 | €12,019 | €9,950 | €11,316 | €15,319 | ▲ 35.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,107 | - | €4,886 | €10,026 | €8,483 | ▼ 15.4% |
| Other operating charges640/8 | €2,089 | €8,783 | €4,207 | €4,083 | €4,189 | ▲ 2.6% |
| Gross operating margin9900 | -€44,583 | -€12,019 | -€1,750 | -€10,231 | -€12,807 | ▼ 25.2% |
| Operating profit (loss)9901 | -€48,780 | -€20,802 | -€10,844 | -€24,340 | -€25,478 | ▼ 4.7% |
| Financial income75/76B | €513,734 | €3,559 | €2,828 | €3,195 | €1,619 | ▼ 49.3% |
| Recurring financial income75 | €0 | €3,559 | €25 | €18 | €69 | ▲ 294% |
| Non-recurring financial income76B | €513,734 | €3,559 | €2,804 | €3,177 | €1,550 | ▼ 51.2% |
| Financial charges65/66B | €37 | €103 | €39 | €91 | €114 | ▲ 25.1% |
| Recurring financial charges65 | €37 | €103 | €39 | €91 | €114 | ▲ 25.1% |
| Profit (loss) for the period before taxes9903 | €464,917 | -€17,345 | -€8,054 | -€21,236 | -€23,973 | ▼ 12.9% |
| Income taxes67/77 | €115,569 | €5,098 | - | - | - | - |
| Profit (loss) for the period9904 | €349,349 | -€22,443 | -€8,054 | -€21,236 | -€23,973 | ▼ 12.9% |
| Profit (loss) for the period to be appropriated9905 | €349,349 | -€22,443 | -€8,054 | -€21,236 | -€23,973 | ▼ 12.9% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €521,680 | €502,618 | €483,234 | €462,002 | €437,955 | ▼ 5.2% |
| Fixed assets21/28 | €161,242 | €289,550 | €288,659 | €278,633 | €270,150 | ▼ 3.0% |
| Intangible fixed assets21 | - | - | €2,560 | €2,560 | €2,560 | = |
| Tangible fixed assets22/27 | €161,242 | €289,550 | €286,099 | €276,073 | €267,591 | ▼ 3.1% |
| Land and buildings22 | €149,262 | €245,706 | €243,441 | €238,283 | €233,125 | ▼ 2.2% |
| Plant, machinery and equipment23 | €10,436 | €29,795 | €30,065 | €28,195 | €26,326 | ▼ 6.6% |
| Furniture and vehicles24 | €1,543 | €14,048 | €12,593 | €9,595 | €8,140 | ▼ 15.2% |
| Current assets29/58 | €360,438 | €213,068 | €194,576 | €183,369 | €167,804 | ▼ 8.5% |
| Stocks and contracts in progress3 | - | €1,528 | €8,528 | €9,472 | - | - |
| Stocks30/36 | - | €1,528 | €8,528 | €9,472 | - | - |
| Amounts receivable within one year40/41 | €50,152 | €53,110 | €52,953 | €52,958 | €2,730 | ▼ 94.8% |
| Other amounts receivable41 | €50,152 | €53,110 | €52,953 | €52,958 | €2,730 | ▼ 94.8% |
| Current investments50/53 | - | - | - | €100,000 | - | - |
| Cash at bank and in hand54/58 | €310,286 | €158,430 | €133,095 | €20,939 | €165,074 | ▲ 688% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €521,680 | €502,618 | €483,234 | €462,002 | €437,955 | ▼ 5.2% |
| Equity10/15 | €513,661 | €491,218 | €483,164 | €461,928 | €437,955 | ▼ 5.2% |
| Contributions10/11 | €18,600 | €18,600 | €18,600 | €20,460 | - | - |
| Capital10 | €18,600 | €18,600 | €18,600 | - | - | - |
| Issued capital100 | €18,600 | €18,600 | €18,600 | - | - | - |
| Reserves13 | €480,668 | €458,225 | €458,225 | €441,468 | €437,955 | ▼ 0.8% |
| Non-distributable reserves130/1 | €1,860 | €1,860 | €1,860 | - | €20,460 | - |
| Legal reserve130 | €1,860 | €1,860 | €1,860 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | - | €20,460 | - |
| Distributable reserves133 | €478,808 | €456,365 | €456,365 | €441,468 | €417,495 | ▼ 5.4% |
| Profit (loss) carried forward14 | €14,393 | €14,393 | €6,339 | - | - | - |
| Amounts payable17/49 | €8,019 | €11,400 | €71 | €74 | - | - |
| Amounts payable within one year42/48 | €8,019 | €11,400 | €71 | €74 | - | - |
| Trade debts44 | - | €735 | €71 | €74 | - | - |
| Suppliers440/4 | - | €735 | €71 | €74 | - | - |
| Taxes, remuneration and social security45 | €8,019 | €10,664 | - | - | - | - |
| Taxes450/3 | €8,019 | €10,664 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €349,349 | -€22,443 | -€8,054 | -€21,236 | -€23,973 | ▼ 12.9% |
| + Depreciation and write-downs630 | €2,107 | - | €4,886 | €10,026 | €8,483 | ▼ 15.4% |
| Operating cash flow (approximation) | €351,456 | -€22,443 | -€3,168 | -€11,210 | -€15,491 | ▼ 38.2% |
| Investment in fixed assets (approximation) | - | -€128,308 | -€3,995 | €0 | €0 | - |
| Change in cash | - | -€151,856 | -€25,335 | -€112,156 | €144,135 | ▲ 229% |
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
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About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Directors · office · real estate
2 establishment units
2 parcels
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 38014E0346/00C000 | Flanders | 366 m² | 1 · 159 m² | 18.5 m · 6 fl. |
| 38342H0640/00X000 | Flanders | 219 m² | 1 · 99 m² | 6.1 m · 2 fl. |
Linked by address, not proof of ownership
Identification & contact
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
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If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 28 September 2026 · Peppol Directory
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