GRAFOM
ActiveSummary
GRAFOM has been active since 2011 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €188,397 and a net result of €40,271. Equity is growing by ~17.5% per year across the filed fiscal years. Its solvency ranks better than 36% of 7097 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability78▲+1
Solvency61▼-2
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €13,000 at 30 days acceptable
Liquidity ample (current ratio 1.68 against 2.26 in 2024; short-term debt: 17.9% and cash: 13.3% of total assets), but 63.8% of the assets are financed with debt.
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Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
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
36.2%
Return on assets
7.7%
Age of the figures
12 mo
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 30-09-2025 was due by 30-04-2026 and was filed on 30-04-2026, 0 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
on the day
2024
on the day
2023
on the day
2022
1 d late
2021
31 d late
2020
31 d late
2019
31 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 13 days after the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 36% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-09-2026 and is due by 30-04-2027. Nothing is late today. Usually files around 1 May (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today30-09-2026 close30-04-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€188,397▼ 8.6%
2024 · €206,106
Total assets
€519,843▼ 5.2%
2024 · €548,097
Net result
€40,271▲ 11.2%
2024 · €36,214
Working capital
€63,043▼ 31.9%
2024 · €92,559
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations 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€10,935▼ 82.3%€31,834▲ 191%€31,961▲ 0.4%€58,346▲ 82.6%€63,897▲ 9.5%
Net result€8,674within the sector's middle half▼ 82.6%€21,867within the sector's middle half▲ 152%€17,329within the sector's middle half▼ 20.8%€36,214within the sector's middle half▲ 109%€40,271within the sector's middle half▲ 11.2%
Equity€130,696within the sector's middle half▲ 7.1%€152,563within the sector's middle half▲ 16.7%€169,892within the sector's middle half▲ 11.4%€206,106above the sector's middle half▲ 21.3%€188,397above the sector's middle half▼ 8.6%
Total assets€563,816above the sector's middle half▲ 0.6%€589,215above the sector's middle half▲ 4.5%€569,296above the sector's middle half▼ 3.4%€548,097above the sector's middle half▼ 3.7%€519,843above the sector's middle half▼ 5.2%
Debt€433,120▼ 1.2%€436,652▲ 0.8%€399,404▼ 8.5%€341,992▼ 14.4%€331,446▼ 3.1%
Working capital€34,175within the sector's middle half▼ 55.4%€38,651within the sector's middle half▲ 13.1%€53,016within the sector's middle half▲ 37.2%€92,559within the sector's middle half▲ 74.6%€63,043within the sector's middle half▼ 31.9%
Solvency23.2%within the sector's middle half▲ 1.4pp25.9%within the sector's middle half▲ 2.7pp29.8%within the sector's middle half▲ 3.9pp37.6%within the sector's middle half▲ 7.8pp36.2%within the sector's middle half▼ 1.4pp
Current ratio1.48within the sector's middle half▼ 0.391.40within the sector's middle half▼ 0.081.57within the sector's middle half▲ 0.182.26within the sector's middle half▲ 0.691.68within the sector's middle half▼ 0.58
Return on assets (ROA)1.5%within the sector's middle half▼ 7.3pp3.7%within the sector's middle half▲ 2.2pp3.0%within the sector's middle half▼ 0.7pp6.6%within the sector's middle half▲ 3.6pp7.7%within the sector's middle half▲ 1.1pp
Staff (FTE)1.9▲ 5.6%1.8▼ 5.3%2.1▲ 16.7%1.8▼ 14.3%1.7▼ 5.6%
above
within
below
the middle half (P25 to P75) of NACE 73, Advertising, market research and public relations activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has risen four years in a row; 2025 is 10% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €519,843
Fixed assets
€363,936 ▼ 4.8%
Current assets
€155,907 ▼ 6.0%
Equity and liabilities €519,843
Equity
€188,397 ▼ 8.6%
Debt
€331,446 ▼ 3.1%
Debt's share of the balance-sheet total rises from 62.4% to 63.8%. Equity and debt are lower.
Key figures and ratios
EBITDA
€99,200▼
2024 · €101,254
Cash flow
€75,574▼
2024 · €79,122
Quick ratio
1.31▼
2024 · 1.74
Debt to equity
1.76▲
2024 · 1.66
ROE
21.4%▲
2024 · 17.6%
Interest coverage
12.08▼
2024 · 12.83
Debt ≤ 1 year
€92,864▲
2024 · €73,241
Debt > 1 year
€238,582▼
2024 · €268,751
Income taxes
€15,884▲
2024 · €14,771
Staff costs
€80,457▲
2024 · €72,809
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 34,679 companies that looked in July 2024 the way this one looks now, 0.6% went bankrupt within 24 months and 95% are still going.
- Micro
- 10 to 20 years old
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.6%
went bankrupt
3.8%
stopped otherwise
95%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.4% 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 34,679 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 | - | - | €60 | €148 | - | - |
| Remuneration, social security and pensions62 | €46,166 | €61,371 | €71,006 | €72,809 | €80,457 | ▲ 10.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €36,161 | €46,923 | €48,676 | €42,908 | €35,303 | ▼ 17.7% |
| Other operating charges640/8 | €1,338 | €5,617 | €3,389 | €3,165 | €3,484 | ▲ 10.1% |
| Gross operating margin9900 | €94,599 | €145,746 | €155,031 | €177,229 | €183,141 | ▲ 3.3% |
| Operating profit (loss)9901 | €10,935 | €31,834 | €31,961 | €58,346 | €63,897 | ▲ 9.5% |
| Financial income75/76B | €2,433 | €524 | €272 | €533 | €473 | ▼ 11.3% |
| Recurring financial income75 | €2,433 | €524 | €272 | €533 | €473 | ▼ 11.3% |
| Financial charges65/66B | €5,256 | €6,535 | €7,303 | €7,895 | €8,215 | ▲ 4.1% |
| Recurring financial charges65 | €5,256 | €6,535 | €7,303 | €7,895 | €8,215 | ▲ 4.1% |
| Profit (loss) for the period before taxes9903 | €8,112 | €25,823 | €24,930 | €50,984 | €56,155 | ▲ 10.1% |
| Income taxes67/77 | -€562 | €3,957 | €7,601 | €14,771 | €15,884 | ▲ 7.5% |
| Profit (loss) for the period9904 | €8,674 | €21,867 | €17,329 | €36,214 | €40,271 | ▲ 11.2% |
| Profit (loss) for the period to be appropriated9905 | €8,674 | €21,867 | €17,329 | €36,214 | €40,271 | ▲ 11.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €563,816 | €589,215 | €569,296 | €548,097 | €519,843 | ▼ 5.2% |
| Fixed assets21/28 | €457,727 | €452,903 | €423,437 | €382,298 | €363,936 | ▼ 4.8% |
| Tangible fixed assets22/27 | €457,727 | €452,903 | €423,437 | €382,298 | €363,936 | ▼ 4.8% |
| Land and buildings22 | €400,225 | €381,779 | €361,460 | €341,142 | €330,120 | ▼ 3.2% |
| Plant, machinery and equipment23 | €46,385 | €55,461 | €50,157 | €31,865 | €28,566 | ▼ 10.4% |
| Furniture and vehicles24 | €11,117 | €15,663 | €11,820 | €9,291 | €5,250 | ▼ 43.5% |
| Current assets29/58 | €106,089 | €136,312 | €145,858 | €165,800 | €155,907 | ▼ 6.0% |
| Stocks and contracts in progress3 | €32,581 | €37,084 | €41,215 | €38,637 | €33,895 | ▼ 12.3% |
| Stocks30/36 | €32,581 | €37,084 | €41,215 | €38,637 | €33,895 | ▼ 12.3% |
| Amounts receivable within one year40/41 | €58,992 | €73,418 | €79,309 | €57,063 | €52,616 | ▼ 7.8% |
| Trade receivables40 | €48,594 | €58,274 | €76,908 | €52,147 | €47,716 | ▼ 8.5% |
| Other amounts receivable41 | €10,398 | €15,144 | €2,401 | €4,915 | €4,899 | ▼ 0.3% |
| Cash at bank and in hand54/58 | €14,515 | €25,811 | €25,334 | €70,100 | €69,397 | ▼ 1.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €563,816 | €589,215 | €569,296 | €548,097 | €519,843 | ▼ 5.2% |
| Equity10/15 | €130,696 | €152,563 | €169,892 | €206,106 | €188,397 | ▼ 8.6% |
| Contributions10/11 | €12,400 | €12,400 | €12,400 | €12,400 | €12,400 | = |
| Reserves13 | €118,296 | €140,163 | €157,492 | €193,706 | €175,997 | ▼ 9.1% |
| Distributable reserves133 | €118,296 | €140,163 | €157,492 | €193,706 | €175,997 | ▼ 9.1% |
| Amounts payable17/49 | €433,120 | €436,652 | €399,404 | €341,992 | €331,446 | ▼ 3.1% |
| Amounts payable after more than one year17 | €361,206 | €338,991 | €306,562 | €268,751 | €238,582 | ▼ 11.2% |
| Financial debts170/4 | €361,206 | €338,991 | €306,562 | €268,751 | €238,582 | ▼ 11.2% |
| Amounts payable within one year42/48 | €71,914 | €97,662 | €92,842 | €73,241 | €92,864 | ▲ 26.8% |
| Current portion of amounts payable after more than one year42 | €46,836 | €52,639 | €45,643 | €37,208 | €30,169 | ▼ 18.9% |
| Trade debts44 | €12,507 | €27,078 | €23,009 | €6,746 | €11,146 | ▲ 65.2% |
| Suppliers440/4 | €12,507 | €27,078 | €23,009 | €6,746 | €11,146 | ▲ 65.2% |
| Taxes, remuneration and social security45 | €3,613 | €3,131 | €4,790 | €3,303 | €8,405 | ▲ 154% |
| Taxes450/3 | €952 | €781 | €2,231 | €555 | €1,566 | ▲ 182% |
| Remuneration and social security454/9 | €2,660 | €2,350 | €2,559 | €2,748 | €6,839 | ▲ 149% |
| Other amounts payable47/48 | €8,957 | €14,813 | €19,400 | €25,984 | €43,143 | ▲ 66.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €8,674 | €21,867 | €17,329 | €36,214 | €40,271 | ▲ 11.2% |
| + Depreciation and write-downs630 | €36,161 | €46,923 | €48,676 | €42,908 | €35,303 | ▼ 17.7% |
| Operating cash flow (approximation) | €44,835 | €68,790 | €66,005 | €79,122 | €75,574 | ▼ 4.5% |
| Investment in fixed assets (approximation) | - | -€42,098 | -€19,211 | -€1,768 | -€16,941 | ▼ 858% |
| Change in cash | - | €11,296 | -€477 | €44,767 | -€703 | ▼ 102% |
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
30-04
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
30-04
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
30-09
Financial
Equity above €200,000Eq €206,106 ▲21.3%
6 profitable years in a row build equity to €206,106.
30-04
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
01-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 1 day late
2022
30-09
Financial
Equity above €150,000Eq €152,563 ▲16.7%
4 profitable years in a row build equity to €152,563.
31-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
2020
31-12
Financial
Liquidity triplescurrent ratio 1.87
Current ratio from 0.60 to 1.87; short-term debt falls from €242,307 to €88,484.
31-12
Financial
Equity above €100,000Eq €122,022 ▲68.9%
2 profitable years in a row build equity to €122,022.
31-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 31 days late
2019
31-12
Financial
Back to profitnet €74,616
Net result €74,616 after one loss-making year.
Show earlier events
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 30 days late
2018
07-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 7 days late
2017
16-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 16 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 5 acts read
About the unread acts
We know of 5 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
5 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, Rijkevorsel · 1 establishment unit since 2011
Ground area
1.1 ha
Building footprint
739 m²
Volume, LiDAR
3,141 m³
Parcel 13502C0254/00Z004, Flanders · tallest building 18.8 m. Linked by address, not a title deed.
13
companies at this address
See who is registered here
1 establishment unit
CREATIOM
since 20112.197.203.814
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13502C0254/00Z004 | Flanders | 1.1 ha | 1 · 739 m² | 18.8 m |
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 9,864 companies in sector 73110 we hold annual accounts for 3,758. 2,846 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
Founded15-03-2011
Fiscal year end30-09
Activities, NACEBEL 2025
73110Advertising agencies
E-invoicing
Reachable via Peppol
Peppol ID
0208:0834598193
Also
9925:BE0834598193
Registered
13-06-2025
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.