GraPFical Solutions
ActiveSummary
The computed 12-month bankruptcy probability of GraPFical Solutions is 1.6% (moderate). The 2025 annual accounts show equity of €76,561 and a net result of -€20,631. Equity is growing by ~21.6% per year across the filed fiscal years. Its solvency ranks better than 95% of 11693 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-82
Solvency100=
Growth52=
Track record100
Bankruptcy probability, 12 months
1.6%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,500 at 30 days acceptable
Liquidity ample (current ratio 36.52 against 12.2 in 2024; short-term debt: 2.4% and cash: 24.6% of total assets), and 2.4% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
+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
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
97.6%
Return on assets
-26.3%
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 05-06-2026, 56 days ahead of the deadline.
NBB · 5 filingsDeviation from the deadline
2025
56 d early
2024
57 d early
2023
57 d early
2022
38 d early
2021
9 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 40 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% 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 5 June (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€76,561▼ 21.2%
2024 · €97,192
Total assets
€78,451▼ 25.6%
2024 · €105,414
Net result
-€20,631
2024 · €11,121
Working capital
€67,112▼ 25.2%
2024 · €89,689
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€16,372-€12,178▼ 25.6%€85,907▲ 605%€15,604▼ 81.8%-€20,544
Net result€12,878within the sector's middle half-€9,415within the sector's middle half▼ 26.9%€62,278above the sector's middle half▲ 561%€11,121within the sector's middle half▼ 82.1%-€20,631below the sector's middle half
Equity€14,378within the sector's middle half-€23,793within the sector's middle half▲ 65.5%€86,071within the sector's middle half▲ 262%€97,192within the sector's middle half▲ 12.9%€76,561within the sector's middle half▼ 21.2%
Total assets€25,059below the sector's middle half-€51,590below the sector's middle half▲ 106%€96,993within the sector's middle half▲ 88.0%€105,414within the sector's middle half▲ 8.7%€78,451within the sector's middle half▼ 25.6%
Debt€10,682-€27,797▲ 160%€10,922▼ 60.7%€8,222▼ 24.7%€1,889▼ 77.0%
Working capital€9,557within the sector's middle half-€19,815within the sector's middle half▲ 107%€77,425within the sector's middle half▲ 291%€89,689within the sector's middle half▲ 15.8%€67,112within the sector's middle half▼ 25.2%
Solvency57.4%within the sector's middle half-46.1%within the sector's middle half▼ 11.3pp88.7%above the sector's middle half▲ 42.6pp92.2%above the sector's middle half▲ 3.5pp97.6%above the sector's middle half▲ 5.4pp
Current ratio1.89within the sector's middle half-1.71within the sector's middle half▼ 0.188.09above the sector's middle half▲ 6.3812.20above the sector's middle half▲ 4.1136.52above the sector's middle half▲ 24.32
Return on assets (ROA)51.4%above the sector's middle half-18.2%above the sector's middle half▼ 33.1pp64.2%above the sector's middle half▲ 46.0pp10.6%within the sector's middle half▼ 53.7pp-26.3%below the sector's middle half▼ 36.8pp
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, 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 turns negative in 2025: a loss of €20,544 after €15,604 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €78,451
Fixed assets
€9,450 ▲ 22.4%
Current assets
€69,001 ▼ 29.4%
Equity and liabilities €78,451
Equity
€76,561 ▼ 21.2%
Debt
€1,889 ▼ 77.0%
Debt's share of the balance-sheet total falls from 7.8% to 2.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€19,414▼
2024 · €17,039
Cash flow
-€19,501▼
2024 · €12,556
Debt to equity
0.02▼
2024 · 0.08
ROE
-26.9%▼
2024 · 11.4%
Interest coverage
-23.96▼
2024 · 12.17
Debt ≤ 1 year
€1,889▼
2024 · €8,006
Income taxes
€165▼
2024 · €3,946
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,592 companies that looked in July 2024 the way this one looks now, 3.0% went bankrupt within 24 months and 87% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
3.0%
went bankrupt
9.5%
stopped otherwise
87%
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 1.6% 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 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 3,592 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 | - | €13,290 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €1,474 | €1,569 | €1,621 | €1,435 | €1,130 | ▼ 21.3% |
| Other operating charges640/8 | €67 | - | - | €778 | €400 | ▼ 48.6% |
| Non-recurring operating charges66A | - | - | €21,066 | - | - | - |
| Gross operating margin9900 | €17,913 | €13,747 | €108,594 | €17,817 | -€19,015 | ▼ 207% |
| Operating profit (loss)9901 | €16,372 | €12,178 | €85,907 | €15,604 | -€20,544 | ▼ 232% |
| Financial income75/76B | €81 | €12 | €2 | €862 | €888 | ▲ 3.0% |
| Recurring financial income75 | €81 | €12 | €2 | €862 | €888 | ▲ 3.0% |
| Financial charges65/66B | €89 | €0 | €862 | €1,400 | €810 | ▼ 42.1% |
| Recurring financial charges65 | €89 | €0 | €862 | €1,400 | €810 | ▼ 42.1% |
| Profit (loss) for the period before taxes9903 | €16,364 | €12,190 | €85,048 | €15,067 | -€20,466 | ▼ 236% |
| Income taxes67/77 | €3,486 | €2,775 | €22,770 | €3,946 | €165 | ▼ 95.8% |
| Profit (loss) for the period9904 | €12,878 | €9,415 | €62,278 | €11,121 | -€20,631 | ▼ 286% |
| Profit (loss) for the period to be appropriated9905 | €12,878 | €9,415 | €62,278 | €11,121 | -€20,631 | ▼ 286% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €25,059 | €51,590 | €96,993 | €105,414 | €78,451 | ▼ 25.6% |
| Fixed assets21/28 | €4,821 | €3,978 | €8,646 | €7,719 | €9,450 | ▲ 22.4% |
| Tangible fixed assets22/27 | €4,821 | €3,978 | €8,646 | €7,719 | €9,450 | ▲ 22.4% |
| Plant, machinery and equipment23 | €1,133 | €808 | €756 | €373 | €158 | ▼ 57.6% |
| Furniture and vehicles24 | €3,687 | €3,170 | €1,890 | €1,346 | €431 | ▼ 67.9% |
| Other tangible fixed assets26 | - | - | €6,000 | €6,000 | €8,860 | ▲ 47.7% |
| Current assets29/58 | €20,239 | €47,612 | €88,347 | €97,695 | €69,001 | ▼ 29.4% |
| Amounts receivable within one year40/41 | €7,538 | €39,500 | €9,219 | €12,287 | €10,531 | ▼ 14.3% |
| Trade receivables40 | €7,522 | €34,512 | €7,487 | €7,487 | - | - |
| Other amounts receivable41 | €16 | €4,988 | €1,732 | €4,799 | €10,531 | ▲ 119% |
| Current investments50/53 | - | - | €53,500 | €36,047 | €36,160 | ▲ 0.3% |
| Cash at bank and in hand54/58 | €12,495 | €7,920 | €23,171 | €46,498 | €19,293 | ▼ 58.5% |
| Deferred charges and accrued income490/1 | €206 | €192 | €2,457 | €2,863 | €3,018 | ▲ 5.4% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €25,059 | €51,590 | €96,993 | €105,414 | €78,451 | ▼ 25.6% |
| Equity10/15 | €14,378 | €23,793 | €86,071 | €97,192 | €76,561 | ▼ 21.2% |
| Contributions10/11 | €1,500 | €1,500 | €1,500 | €1,500 | €1,500 | = |
| Reserves13 | €12,878 | €22,293 | €84,571 | €95,692 | €95,692 | = |
| Distributable reserves133 | €12,878 | €22,293 | €84,571 | €95,692 | €95,692 | = |
| Profit (loss) carried forward14 | - | - | - | - | -€20,631 | - |
| Amounts payable17/49 | €10,682 | €27,797 | €10,922 | €8,222 | €1,889 | ▼ 77.0% |
| Amounts payable within one year42/48 | €10,682 | €27,797 | €10,922 | €8,006 | €1,889 | ▼ 76.4% |
| Trade debts44 | €374 | €13,608 | €1,869 | €1,254 | €222 | ▼ 82.3% |
| Suppliers440/4 | €374 | €13,608 | €1,869 | €1,254 | €222 | ▼ 82.3% |
| Taxes, remuneration and social security45 | €5,324 | €6,261 | €270 | €270 | - | - |
| Taxes450/3 | €5,324 | €6,261 | €270 | €270 | - | - |
| Other amounts payable47/48 | €4,983 | €7,928 | €8,784 | €6,482 | €1,667 | ▼ 74.3% |
| Accrued charges and deferred income492/3 | - | - | - | €216 | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €12,878 | €9,415 | €62,278 | €11,121 | -€20,631 | ▼ 286% |
| + Depreciation and write-downs630 | €1,474 | €1,569 | €1,621 | €1,435 | €1,130 | ▼ 21.3% |
| Operating cash flow (approximation) | €14,352 | €10,984 | €63,899 | €12,556 | -€19,501 | ▼ 255% |
| Investment in fixed assets (approximation) | - | -€726 | -€6,289 | -€508 | -€2,860 | ▼ 463% |
| Change in cash | - | -€4,575 | €15,251 | €23,327 | -€27,205 | ▼ 217% |
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
05-06
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Weakest financial yearnet -€20,631
Net result drops to -€20,631, the lowest in the series.
31-12
Financial
Liquidity triplescurrent ratio 36.52
Current ratio from 12.20 to 36.52; short-term debt falls from €8,006 to €1,889.
04-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
04-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Highest result since 2021net €62,278 ▲561%
Operating result €85,907, net result €62,278, both a record.
31-12
Financial
Liquidity times 5current ratio 8.09
Current ratio from 1.71 to 8.09; short-term debt falls from €27,797 to €10,922.
23-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
09-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 9 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
No directors read yet: 0 of 1 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Haacht · 1 establishment unit since 2020
Ground area
1,916 m²
Building footprint
291 m²
Volume, LiDAR
2,155 m³
Parcel 24108A0437/00S000, Flanders · tallest building 12.9 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
GraPFical Solutions
since 20202.301.881.858
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24108A0437/00S000 | Flanders | 1,916 m² | 1 · 291 m² | 12.9 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 1,076 companies in this sector we hold annual accounts for 646. 491 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded07-05-2020
Fiscal year end31-12
Activities, NACEBEL 2025
46140Agents in the wholesale of industrial machinery, ships and aircraft
82100Office administrative and support services
82990Other business support services
Contact
E-mail
pierre@grapficalsolutions.com
E-invoicing
Reachable via Peppol
Peppol ID
0208:0746754993
Registered
12-03-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.