GRAFIMEX
ActiveGRAFIMEX has been active since 1993 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.02M and a net result of €-27k. Equity is growing by ~43.6% per year across the filed fiscal years. Its solvency ranks better than 79% of 13882 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-54
Solvency100=
Growth52▼-26
Stability100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €110k at 30 days acceptable
Liquidity ample (current ratio 3.49 against 6.76 in 2024), and 29.3% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 68
Relative position
BE, all sectors
reference
Sector 68
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
neutral · Latest accounts filed on time
The financial year that closed on 31-03-2025 was due by 31-10-2025 and was filed on 31-10-2025, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
on the day
2023
30 d late
2022
8 d late
2021
2 d late
2020
30 d late
2019
1 d early
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 31-03-2026 and is due by 31-10-2026. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-03-2026 close12-09-2026 today31-10-2026 deadline
Financials · fiscal year 2025, micro schema
Equity
€2.02M▼ 1.3%
2024 · €2.05M
2019: €336k
2020: €326k
2021: €378k
2022: €2.41M
2023: €1.82M
2024: €2.05M
2019 → 2025
Total assets
€2.86M▲ 15.5%
2024 · €2.47M
2019: €1.10M
2020: €1.33M
2021: €1.31M
2022: €3.39M
2023: €3.41M
2024: €2.47M
2019 → 2025
Net result
€-27k
2024 · €222k
2019: €192k
2020: €-9k
2021: €51k
2022: €2.03M
2023: €-583k
2024: €222k
2019 → 2025
Working capital
€1.87M▼ 1.3%
2024 · €1.89M
2019: €693k
2020: €152k
2021: €162k
2022: €2.24M
2023: €1.53M
2024: €1.89M
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€378k-€2.41M▲ 537%€1.82M▼ 24.2%€2.05M▲ 12.2%€2.02M▼ 1.3%
Operating result€87k-€-1k€-612k▼ 51,197%€158k€-110k
Net result€51k-€2.03M▲ 3,858%€-583k€222k€-27k
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €110k after €158k in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.86M
Fixed assets
€240k▼ 5.1%
Current assets
€2.62M▲ 17.9%
Equity and liabilities €2.86M
Equity
€2.02M▼ 1.3%
Debt
€836k▲ 96.3%
The debt ratio rises from 17.2% to 29.3%: debt grows while equity shrinks.
Key figures and ratios
EBITDA
€-94k▼
2024 · €162k
Cash flow
€-10k▼
2024 · €227k
Solvency
70.7%▼
2024 · 82.8%
Current ratio
3.49▼
2024 · 6.76
Quick ratio
2.64▼
2024 · 5.13
Debt / equity
0.41▲
2024 · 0.21
ROE
-1.3%▼
2024 · 10.9%
ROA
-0.9%▼
2024 · 9.0%
Interest coverage
-5.94▼
2024 · 3.58
Debt
€836k▲
2024 · €426k
Debt ≤ 1 year
€749k▲
2024 · €328k
Debt > 1 year
€86k▼
2024 · €98k
Income taxes
€365▼
2024 · €38k
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€2.47M€2.86M▲
Fixed assets21/28€253k€240k▼
Tangible fixed assets22/27€253k€240k▼
Land and buildings22€0-
Plant, machinery and equipment23€2k€780▼
Furniture and vehicles24€105k€105k▼
Other tangible fixed assets26€146k€135k▼
Assets under construction and advance payments27€0-
Current assets29/58€2.22M€2.62M▲
Amounts receivable after more than one year29€700k€0▼
Other amounts receivable291€700k€0▼
Stocks and contracts in progress3€535k€640k▲
Stocks30/36€535k€640k▲
Amounts receivable within one year40/41€801k€1.96M▲
Trade receivables40€35k€35k▲
Other amounts receivable41€767k€1.92M▲
Cash at bank and in hand54/58€162k€14k▼
Deferred charges and accrued income490/1€22k€2k▼
Equity and liabilities
Total equity and liabilities10/49€2.47M€2.86M▲
Equity10/15€2.05M€2.02M▼
Contributions10/11€19k€19k=
Reserves13€2.03M€2.00M▼
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Tax-exempt reserves132€0-
Distributable reserves133€2.03M€2.00M▼
Provisions and deferred taxes16€0-
Deferred taxes168€0-
Amounts payable17/49€426k€836k▲
Amounts payable after more than one year17€98k€86k▼
Financial debts170/4€98k€86k▼
Amounts payable within one year42/48€328k€749k▲
Current portion of amounts payable after more than one year42€12k€12k=
Financial debts43€75k€250k▲
Credit institutions430/8€75k€250k▲
Trade debts44€3k€28k▲
Suppliers440/4€3k€28k▲
Taxes, remuneration and social security45€38k€356▼
Taxes450/3€38k€356▼
Other amounts payable47/48€201k€459k▲
Accrued charges and deferred income492/3-€988
Income statement
Code20242025
Non-recurring operating income76A€241k€0▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€17k▲
Other operating charges640/8€6k€3k▼
Non-recurring operating charges66A€0-
Gross operating margin9900€169k€-91k▼
Operating profit (loss)9901€158k€-110k▼
Financial income75/76B€83k€100k▲
Recurring financial income75€83k€100k▲
Financial charges65/66B€45k€16k▼
Recurring financial charges65€45k€16k▼
Non-recurring financial charges66B€0-
Profit (loss) for the period before taxes9903€196k€-26k▼
Transfer from deferred taxes780€65k€0▼
Income taxes67/77€38k€365▼
Profit (loss) for the period9904€222k€-27k▼
Transfer from tax-exempt reserves789€155k€0▼
Profit (loss) for the period to be appropriated9905€377k€-27k▼
Appropriation of the result
Profit (loss) to be appropriated9906€377k€-27k▼
Transfer from equity791/2€0€27k▲
Transfer to equity691/2€377k€0▼
To other reserves6921€377k€0▼
The notes to these accounts (7 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
2025
31-10
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2024
31-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
31-03
Financial
Back to profitnet €222k
Net result €222k after one loss-making year.
31-03
Financial
Equity above €2MEq €2.05M ▲12.2%
Equity rises from €1.82M to €2.05M.
2023
30-11
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
31-03
Financial
Weakest financial yearnet €-583k ▼129%
Net result drops to €-583k, the lowest in the series; recovery starts the following year.
2022
08-11
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 8 days late
31-03
Financial
Highest result since 2019net €2.03M ▲3858%
Net result €2.03M, the highest in the series.
31-03
Financial
Liquidity quadruplescurrent ratio 7.52
Current ratio from 1.68 to 7.52.
31-03
Financial
Equity above €2MEq €2.41M ▲537%
2 profitable years in a row build equity to €2.41M.
2021
02-11
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 2 days late
31-03
Financial
Back to profitnet €51k
Net result €51k after one loss-making year.
2020
30-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 30 days late
2019
30-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
31-10
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
25-10
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2016
28-10
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
7 acts for this company are 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, Hove · 1 establishment unit since 1994
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.
Lintsesteenweg 3072540 HoveGround area
1,313 m²
Building footprint
192 m²
Volume, LiDAR
617 m³
Parcel 11021B0162/00C000, Flanders · tallest building 8.9 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
GRAFIMEX NV
since 19942.064.960.744
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11021B0162/00C000 | Flanders | 1,313 m² | 1 · 192 m² | 8.9 m · 1 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.
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Of 9,637 companies in sector 68121 we hold annual accounts for 7,329. 2,962 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded09-12-1993
Fiscal year end31-03
Activities, NACEBEL
68121Development of residential building projects
Sources
Crossroads Bank for EnterprisesNational Bank · 31 filingsAddress and cadastre registers
Data from official sources, last processed on 12-09-2026. Scores and ratios are computed by Checked and are not a credit decision.