GRAFISTA
ActiveSummary
GRAFISTA has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €36,035 and a net result of €8,301. Equity is shrinking by ~7.6% per year across the filed fiscal years. Its solvency ranks better than 58% of 3507 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability86▲+72
Solvency84▼-16
Growth32=
Track record94
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,500 at 30 days acceptable
Liquidity ample (current ratio 1.96 against 3.79 in 2024; short-term debt: 41.5% and cash: 8.6% of total assets), and 41.5% of the assets are financed with debt.
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Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
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 74
Relative position
BE, all sectors
reference
Other professional, scientific and technical activities (NACE 74)
about 48% fewer bankruptcies
← 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
58.5%
Return on assets
13.5%
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 28-07-2026, 3 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
3 d early
2024
28 d early
2023
25 d early
2022
3 d late
2021
22 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 6 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 38% of the sector filed 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. Usually files around 28 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€36,035▼ 13.9%
2024 · €41,851
Total assets
€61,572▲ 15.4%
2024 · €53,356
Net result
€8,301
2024 · -€1,883
Working capital
€24,634▼ 23.4%
2024 · €32,142
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 74, Other professional, scientific and technical activities, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€46,085-€13,334▼ 71.1%€16,492▲ 23.7%-€2,519€9,517
Net result€37,373above the sector's middle half-€12,352within the sector's middle half▼ 66.9%€15,060within the sector's middle half▲ 21.9%-€1,883below the sector's middle half€8,301within the sector's middle half
Equity€47,373within the sector's middle half-€59,725within the sector's middle half▲ 26.1%€43,734within the sector's middle half▼ 26.8%€41,851within the sector's middle half▼ 4.3%€36,035within the sector's middle half▼ 13.9%
Total assets€67,069within the sector's middle half-€77,968within the sector's middle half▲ 16.3%€88,693within the sector's middle half▲ 13.8%€53,356within the sector's middle half▼ 39.8%€61,572within the sector's middle half▲ 15.4%
Debt€19,696-€18,244▼ 7.4%€44,958▲ 146%€11,505▼ 74.4%€25,538▲ 122%
Working capital€42,388within the sector's middle half-€55,840within the sector's middle half▲ 31.7%€33,220within the sector's middle half▼ 40.5%€32,142within the sector's middle half▼ 3.2%€24,634within the sector's middle half▼ 23.4%
Solvency70.6%within the sector's middle half-76.6%above the sector's middle half▲ 6.0pp49.3%within the sector's middle half▼ 27.3pp78.4%above the sector's middle half▲ 29.1pp58.5%within the sector's middle half▼ 19.9pp
Current ratio3.15within the sector's middle half-4.06above the sector's middle half▲ 0.911.74within the sector's middle half▼ 2.323.79within the sector's middle half▲ 2.051.96within the sector's middle half▼ 1.83
Return on assets (ROA)55.7%above the sector's middle half-15.8%within the sector's middle half▼ 39.9pp17.0%within the sector's middle half▲ 1.1pp-3.5%below the sector's middle half▼ 20.5pp13.5%within the sector's middle half▲ 17.0pp
above
within
below
the middle half (P25 to P75) of NACE 74, Other professional, scientific and technical activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €9,517 after a loss of €2,519 in 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €61,572
Fixed assets
€11,401 ▲ 17.4%
Current assets
€50,172 ▲ 14.9%
Equity and liabilities €61,572
Equity
€36,035 ▼ 13.9%
Debt
€25,538 ▲ 122%
Debt's share of the balance-sheet total rises from 21.6% to 41.5%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€13,369▲
2024 · -€193
Cash flow
€12,153▲
2024 · €443
Debt to equity
0.71▲
2024 · 0.27
ROE
23.0%▲
2024 · -4.5%
Interest coverage
31.64▲
2024 · -0.55
Debt ≤ 1 year
€25,538▲
2024 · €11,505
Income taxes
€2,090▲
2024 · €1,350
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 26,970 companies that looked in July 2024 the way this one looks now, 1.5% went bankrupt within 24 months and 95% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
1.5%
went bankrupt
3.4%
stopped otherwise
95%
still going
A further 0.3% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.7% 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 497,662 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 26,970 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 | - | - | - | €48 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,397 | €1,960 | €2,873 | €2,326 | €3,852 | ▲ 65.6% |
| Other operating charges640/8 | €423 | €545 | €533 | €487 | €597 | ▲ 22.6% |
| Gross operating margin9900 | €47,905 | €15,840 | €19,898 | €294 | €13,966 | ▲ 4,651% |
| Operating profit (loss)9901 | €46,085 | €13,334 | €16,492 | -€2,519 | €9,517 | ▲ 478% |
| Financial income75/76B | €664 | €2,180 | €2,476 | €2,335 | €1,296 | ▼ 44.5% |
| Recurring financial income75 | €664 | €2,180 | €2,476 | €2,335 | €1,296 | ▼ 44.5% |
| Financial charges65/66B | €141 | €106 | €164 | €349 | €422 | ▲ 21.1% |
| Recurring financial charges65 | €141 | €106 | €164 | €349 | €422 | ▲ 21.1% |
| Profit (loss) for the period before taxes9903 | €46,608 | €15,409 | €18,805 | -€533 | €10,391 | ▲ 2,049% |
| Income taxes67/77 | €9,235 | €3,057 | €3,745 | €1,350 | €2,090 | ▲ 54.8% |
| Profit (loss) for the period9904 | €37,373 | €12,352 | €15,060 | -€1,883 | €8,301 | ▲ 541% |
| Profit (loss) for the period to be appropriated9905 | €37,373 | €12,352 | €15,060 | -€1,883 | €8,301 | ▲ 541% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €67,069 | €77,968 | €88,693 | €53,356 | €61,572 | ▲ 15.4% |
| Fixed assets21/28 | €4,984 | €3,884 | €10,514 | €9,709 | €11,401 | ▲ 17.4% |
| Tangible fixed assets22/27 | €4,984 | €3,884 | €10,514 | €9,709 | €11,401 | ▲ 17.4% |
| Land and buildings22 | €1,012 | €909 | €807 | €704 | €602 | ▼ 14.6% |
| Plant, machinery and equipment23 | - | - | €7,247 | €6,469 | €5,690 | ▼ 12.0% |
| Furniture and vehicles24 | €3,973 | €2,975 | €2,460 | €2,536 | €5,109 | ▲ 101% |
| Current assets29/58 | €62,084 | €74,084 | €78,178 | €43,647 | €50,172 | ▲ 14.9% |
| Amounts receivable within one year40/41 | €38,468 | €58,342 | €60,017 | €36,108 | €44,770 | ▲ 24.0% |
| Trade receivables40 | €17,222 | €17,122 | €7,180 | €9,389 | €21,128 | ▲ 125% |
| Other amounts receivable41 | €21,246 | €41,220 | €52,838 | €26,719 | €23,641 | ▼ 11.5% |
| Cash at bank and in hand54/58 | €23,567 | €14,994 | €18,041 | €6,324 | €5,314 | ▼ 16.0% |
| Deferred charges and accrued income490/1 | €49 | €749 | €120 | €1,215 | €88 | ▼ 92.8% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €67,069 | €77,968 | €88,693 | €53,356 | €61,572 | ▲ 15.4% |
| Equity10/15 | €47,373 | €59,725 | €43,734 | €41,851 | €36,035 | ▼ 13.9% |
| Contributions10/11 | €10,000 | €10,000 | €10,000 | €10,000 | €10,000 | = |
| Profit (loss) carried forward14 | €37,373 | €49,725 | €33,734 | €31,851 | €26,035 | ▼ 18.3% |
| Amounts payable17/49 | €19,696 | €18,244 | €44,958 | €11,505 | €25,538 | ▲ 122% |
| Amounts payable within one year42/48 | €19,696 | €18,244 | €44,958 | €11,505 | €25,538 | ▲ 122% |
| Trade debts44 | €7,747 | €8,571 | €2,401 | €2,476 | €2,438 | ▼ 1.5% |
| Suppliers440/4 | €7,747 | €8,571 | €2,401 | €2,476 | €2,438 | ▼ 1.5% |
| Taxes, remuneration and social security45 | €11,948 | €9,673 | €15,557 | €9,029 | €8,982 | ▼ 0.5% |
| Taxes450/3 | €11,948 | €9,673 | €15,557 | €9,029 | €8,982 | ▼ 0.5% |
| Other amounts payable47/48 | - | - | €27,000 | - | €14,118 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €37,373 | €12,352 | €15,060 | -€1,883 | €8,301 | ▲ 541% |
| + Depreciation and write-downs630 | €1,397 | €1,960 | €2,873 | €2,326 | €3,852 | ▲ 65.6% |
| Operating cash flow (approximation) | €38,769 | €14,312 | €17,932 | €443 | €12,153 | ▲ 2,643% |
| Investment in fixed assets (approximation) | - | -€860 | -€9,502 | -€1,521 | -€5,543 | ▼ 264% |
| Change in cash | - | -€8,574 | €3,047 | -€11,717 | -€1,010 | ▲ 91.4% |
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
28-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Back to profitnet €8,301
Net result €8,301 after one loss-making year.
03-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Weakest financial yearnet -€1,883
Net result drops to -€1,883, the lowest in the series; recovery starts the following year.
31-12
Financial
Liquidity doublescurrent ratio 3.79
Current ratio from 1.74 to 3.79; short-term debt falls from €44,958 to €11,505.
06-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
03-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 3 days late
2022
22-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 22 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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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, Braives · 1 establishment unit since 2021
Ground area
558 m²
Building footprint
151 m²
Volume, LiDAR
932 m³
Parcel 64024B0120/00E000, Wallonia · tallest building 8.5 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
GRAFISTA
since 20212.313.113.072
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 64024B0120/00E000 | Wallonia | 558 m² | 1 · 151 m² | 8.5 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.
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Of 6,288 companies in sector 74120 we hold annual accounts for 1,011. 881 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded13-01-2021
Fiscal year end31-12
Activities, NACEBEL 2025
74120Graphic design and visual communication
18130Pre-press and pre-media services
74201Photography, excluding press photography
74202Other professional, scientific and technical activities
74209Other photographic activities
Contact
E-invoicing
Reachable via Peppol
Peppol ID
0208:0761567289
Registered
09-12-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.