GRAFIMO
ActiveSummary
GRAFIMO has been active since 1992 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.1m and a net result of €599,092. Equity is growing by ~3.4% per year across the filed fiscal years. The computed 12-month bankruptcy probability is 0.5% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability100▲+15
Solvency100=
Growth54=
Track record100
Bankruptcy probability, 12 months
0.5%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €85,000 at 30 days acceptable
short-term debt: 0.5% and cash: 7.1% of total assets, and 0.5% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Four 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 · 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
99.5%
Return on assets
56%
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 02-07-2026, 29 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
29 d early
2024
35 d early
2023
44 d early
2022
52 d early
2021
30 d early
2020
26 d early
2019
53 d early
← before the deadline
after the deadline →
tick = median of all Belgian filings
This company filed its last 7 accounts on average 38 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)
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
27-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Turnover
€36,000▼ 7.7%
2019 · €39,000
EBIT margin
58.3%▼ 3.8pp
2019 · 62.1%
Net result
€599,092▲ 877%
2024 · €61,347
Working capital
€1.1m▲ 722%
2024 · €129,682
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover
Operating result€20,673▼ 1.5%€19,776▼ 4.3%-€281€21,158€634,657▲ 2,900%
Net result€14,299▼ 1.7%€13,356▼ 6.6%€45,362▲ 240%€61,347▲ 35.2%€599,092▲ 877%
EBIT margin
Equity€446,120▲ 3.3%€410,008▼ 8.1%€405,370▼ 1.1%€466,717▲ 15.1%€1.1m▲ 128%
Total assets€446,987▲ 3.1%€416,620▼ 6.8%€406,317▼ 2.5%€471,638▲ 16.1%€1.1m▲ 127%
Debt€867▼ 44.2%€6,612▲ 663%€947▼ 85.7%€4,921▲ 420%€4,934▲ 0.3%
Working capital€86,357▲ 33.9%€57,821▼ 33.0%€60,758▲ 5.1%€129,682▲ 113%€1.1m▲ 722%
Turnover and EBIT margin not published: the 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 2,900% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Equity and liabilities €1.1m
Equity
€1.1m ▲ 128%
Debt
€4,934 ▲ 0.3%
Debt's share of the balance-sheet total falls from 1.0% to 0.5%. Equity and debt are higher.
Key figures and ratios
EBITDA
€634,657▲
2024 · €28,734
Cash flow
€599,092▲
2024 · €68,923
Debt to equity
0.00▼
2024 · 0.01
ROE
56.2%▲
2024 · 13.1%
ROA
56.0%▲
2024 · 13.0%
Interest coverage
2690.82▲
2024 · 208.21
Debt ≤ 1 year
€4,934▲
2024 · €4,921
Income taxes
€220,115▲
2024 · €11,479
A ratio outside any meaningful range has been withheld (balance sheet total €1.1m, equity €1.1m).
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,082 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.5% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,058 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% | 1.6% |
| 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 74% 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 20,082 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.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €690,964 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €7,576 | €7,576 | €7,576 | €7,576 | €0 | ▼ 100% |
| Other operating charges640/8 | €5,400 | €5,522 | €6,049 | €6,279 | €2,992 | ▼ 52.3% |
| Gross operating margin9900 | €33,649 | €32,873 | €13,344 | €35,013 | €637,649 | ▲ 1,721% |
| Operating profit (loss)9901 | €20,673 | €19,776 | -€281 | €21,158 | €634,657 | ▲ 2,900% |
| Financial income75/76B | €328 | €324 | €50,303 | €51,806 | €184,786 | ▲ 257% |
| Recurring financial income75 | €328 | €324 | €50,303 | €51,806 | €5,449 | ▼ 89.5% |
| Non-recurring financial income76B | - | - | - | - | €179,337 | - |
| Financial charges65/66B | €47 | €97 | €123 | €138 | €236 | ▲ 70.9% |
| Recurring financial charges65 | €47 | €97 | €123 | €138 | €236 | ▲ 70.9% |
| Profit (loss) for the period before taxes9903 | €20,954 | €20,003 | €49,898 | €72,826 | €819,207 | ▲ 1,025% |
| Income taxes67/77 | €6,656 | €6,647 | €4,536 | €11,479 | €220,115 | ▲ 1,818% |
| Profit (loss) for the period9904 | €14,299 | €13,356 | €45,362 | €61,347 | €599,092 | ▲ 877% |
| Profit (loss) for the period to be appropriated9905 | €14,299 | €13,356 | €45,362 | €61,347 | €599,092 | ▲ 877% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €446,987 | €416,620 | €406,317 | €471,638 | €1.1m | ▲ 127% |
| Fixed assets21/28 | €359,763 | €352,187 | €344,612 | €337,036 | €0 | ▼ 100% |
| Tangible fixed assets22/27 | €159,763 | €152,187 | €144,612 | €137,036 | €0 | ▼ 100% |
| Land and buildings22 | €159,763 | €152,187 | €144,612 | €137,036 | €0 | ▼ 100% |
| Financial fixed assets28 | €200,000 | €200,000 | €200,000 | €200,000 | €0 | ▼ 100% |
| Current assets29/58 | €87,224 | €64,432 | €61,705 | €134,602 | €1.1m | ▲ 695% |
| Amounts receivable within one year40/41 | €789 | €0 | €2,752 | €54,075 | €1,808 | ▼ 96.7% |
| Trade receivables40 | - | - | €191 | €64 | €0 | ▼ 100% |
| Other amounts receivable41 | €789 | €0 | €2,561 | €54,011 | €1,808 | ▼ 96.7% |
| Current investments50/53 | €10,155 | €10,155 | €10,155 | €10,155 | €990,155 | ▲ 9,650% |
| Cash at bank and in hand54/58 | €76,279 | €54,277 | €45,799 | €67,372 | €76,408 | ▲ 13.4% |
| Deferred charges and accrued income490/1 | - | - | €3,000 | €3,000 | €2,372 | ▼ 20.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €446,987 | €416,620 | €406,317 | €471,638 | €1.1m | ▲ 127% |
| Equity10/15 | €446,120 | €410,008 | €405,370 | €466,717 | €1.1m | ▲ 128% |
| Contributions10/11 | €235,000 | €235,000 | €235,000 | €235,000 | €235,000 | = |
| Reserves13 | €156,319 | €120,206 | €165,568 | €226,916 | €826,008 | ▲ 264% |
| Non-distributable reserves130/1 | €43,500 | €43,500 | €0 | - | - | - |
| Reserves not available under the articles1311 | €43,500 | €43,500 | €0 | - | - | - |
| Distributable reserves133 | €112,819 | €76,706 | €165,568 | €226,916 | €826,008 | ▲ 264% |
| Profit (loss) carried forward14 | €54,802 | €54,802 | €4,802 | €4,802 | €4,802 | = |
| Amounts payable17/49 | €867 | €6,612 | €947 | €4,921 | €4,934 | ▲ 0.3% |
| Amounts payable within one year42/48 | €867 | €6,612 | €947 | €4,921 | €4,934 | ▲ 0.3% |
| Trade debts44 | €128 | €61 | €947 | €549 | €582 | ▲ 6.0% |
| Suppliers440/4 | €128 | €61 | €947 | €549 | €582 | ▲ 6.0% |
| Taxes, remuneration and social security45 | - | €6,551 | €0 | €4,372 | €4,352 | ▼ 0.5% |
| Taxes450/3 | - | €6,551 | €0 | €4,372 | €4,352 | ▼ 0.5% |
| Other amounts payable47/48 | €738 | €0 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €14,299 | €13,356 | €45,362 | €61,347 | €599,092 | ▲ 877% |
| + Depreciation and write-downs630 | €7,576 | €7,576 | €7,576 | €7,576 | €0 | ▼ 100% |
| Operating cash flow (approximation) | €21,874 | €20,931 | €52,938 | €68,923 | €599,092 | ▲ 769% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €0 | €337,036 | - |
| Change in cash | - | -€22,002 | -€8,478 | €21,574 | €9,035 | ▼ 58.1% |
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
Next filing, fiscal year 2026, expected by
2026
02-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €599,092 ▲877%
Operating result €634,657, net result €599,092, both a record.
31-12
Financial
Liquidity times 8current ratio 217.03
Current ratio from 27.35 to 217.03.
31-12
Financial
Equity above €1mEq €1.1m ▲128%
8 profitable years in a row build equity to €1.1m.
26-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
17-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Liquidity times 7current ratio 65.16
Current ratio from 9.75 to 65.16; short-term debt falls from €6,612 to €947.
09-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €13,356 ▼6.6%
Net result drops to €13,356, the lowest in the series; recovery starts the following year.
01-07
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Liquidity doublescurrent ratio 100.65
Current ratio from 42.50 to 100.65; short-term debt falls from €1,554 to €867.
05-07
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Show earlier events
2020
08-06
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
31-12
Financial
Liquidity times 32current ratio 71.09
Current ratio from 2.26 to 71.09; short-term debt falls from €15,701 to €608.
11-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
21-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
27-06
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.
0 of 7 acts read
About the unread acts
We know of 7 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
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, Sint-Truiden · 1 establishment unit since 1992
Ground area
1,511 m²
Building footprint
266 m²
Volume, LiDAR
1,541 m³
Parcel 71352D0843/00V000, Flanders · tallest building 10.0 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
GRAFIMO NV
since 19922.056.832.738
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71352D0843/00V000 | Flanders | 1,511 m² | 1 · 266 m² | 10.0 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Owners and holdings
1 holdingOwners 0
The accounts to 31-12-2023 list no shareholders, and no other source names one.
Holdings 1
-
49.98%
According to the 2023 annual accounts of GRAFIMO and those of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Identification & contact
Identification
Legal formPrivate limited company
Founded11-03-1992
Fiscal year end31-12
E-invoicing
Reachable via Peppol
Peppol ID
0208:0446845346
Also
9925:BE0446845346
Registered
18-11-2025
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
General meetings
1 convocationExtraordinary general meeting
Agenda
Jaarverslag. Goedkeuring jaarrekening. Bestemming resultaat. Kwijting bestuurders. Divers. (AOPC11005651/08.12) (44236) ANDRE PIRON & FILS, société anonyme, rue Lavaulx 1, 4357 DONCEEL Numéro d’entreprise 0424.572.166 Les actionnaires sont priés d’assister, à l’assemblée générale ordinaire qui se tiendra le 28 décembre 2010, à 18 heures. Ordre du jour : 1. Rapport du conseil d’administration. 2. Approbation des comptes annuels au 30 juin 2010. 3. Affectation du résultat. 4. Décharge, à donner aux administrateurs. 5. Divers. Les titres seront déposés au siège social conformément, à l’article 32 des statuts. (AOPC-1-10-05852/08.12) (44237) A.C.M.MANAGEMENT, société anonyme, allée Centrale Zoni ...