Graph Machine
ActiveSummary
The computed 12-month bankruptcy probability of Graph Machine is 1.6% (moderate). The 2025 annual accounts show negative equity (-€4,558) and a net result of -€1,172. The figures fluctuate too strongly year-on-year for a reliable trend projection. The company has been active since 2017 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
- Equity
- -€4,558
- Loss
- -€1,172
- Heylen JonasDirector
- Timmermans RonnyDirector
Why 53raises riskCapped at 59: negative equityNo main activity registeredNegative equity -€4,558lowers riskSize: total assets €3,211Liquidity: current ratio 0.41, cash €2,716Show the evidence
Checked score
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (no NACE code, micro): better than 5% on solvency, 35% on liquidity, 4% on profitability and 12% on growth.
The bankruptcy probability was computed on 26-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 61 days before the deadline; the Belgian median for financial year 2024 is 4 days before the deadline, and 38% of all filings were late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Annual accounts filedfinancial year 2024 · micro…
- Resignations: Timmermans Ronny (director) and Heylen…Appointments: Timmermans Ronny (director) and…
Financials · financial year 2025, micro format
2021 to 2025, 5 financial years 2019 to 2025, 7 financial years
The operating result stays negative: a loss of €1,062 in 2025 against €2,392 in 2024; the loss shrinks.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
Use the arrow keys on the chart for the figures per year.
Peer companies
Historical observationOf the 6,007 companies that looked in July 2024 the way this one looks now, 7.9% went bankrupt within 24 months and 83.0% are still going.
- Micro
- 5 to 10 years old
- negative equity
- a loss of 10% of the balance sheet or more
A further 0.8% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 1.6% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 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% | 0.9% |
| 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 74.5% 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 6,007 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.
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Gross operating margin9900 | €1,208 | -€3,110 | -€138 | -€848 | -€423 | -€2,392 | -€1,062 | ▲ 55.6% |
| Operating profit (loss)9901 | €1,208 | -€3,110 | -€138 | -€848 | -€423 | -€2,392 | -€1,062 | ▲ 55.6% |
| Financial charges65/66B | - | - | - | €70 | €470 | €120 | €110 | ▼ 8.5% |
| Recurring financial charges65 | €60 | €160 | €60 | €70 | €470 | €120 | €110 | ▼ 8.5% |
| Profit (loss) for the period before taxes9903 | €1,148 | -€3,270 | -€198 | -€918 | -€893 | -€2,512 | -€1,172 | ▲ 53.3% |
| Profit (loss) for the period9904 | €1,148 | -€3,270 | -€198 | -€918 | -€893 | -€2,512 | -€1,172 | ▲ 53.3% |
| Profit (loss) for the period to be appropriated9905 | €1,148 | -€3,270 | -€198 | -€918 | -€893 | -€2,512 | -€1,172 | ▲ 53.3% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||
| Total assets20/58 | €6,879 | €3,863 | €4,048 | €2,624 | €1,731 | €3,946 | €3,211 | ▼ 18.6% |
| Current assets29/58 | €6,879 | €3,863 | €4,048 | €2,624 | €1,731 | €3,946 | €3,211 | ▼ 18.6% |
| Amounts receivable within one year40/41 | €6,050 | - | - | €443 | €43 | €370 | €496 | ▲ 34.1% |
| Other amounts receivable41 | - | - | - | €443 | €43 | €370 | €496 | ▲ 34.1% |
| Cash at bank and in hand54/58 | €451 | €3,405 | €4,048 | €2,181 | €1,689 | €3,577 | €2,716 | ▼ 24.1% |
| Equity and liabilities | ||||||||
| Total equity and liabilities10/49 | €6,879 | €3,863 | €4,048 | €2,624 | €1,731 | €3,946 | €3,211 | ▼ 18.6% |
| Equity10/15 | €4,404 | €1,134 | €936 | €19 | -€874 | -€3,385 | -€4,558 | ▼ 34.6% |
| Contributions10/11 | €6,200 | €6,200 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Profit (loss) carried forward14 | -€1,796 | -€5,066 | -€5,264 | -€6,181 | -€7,074 | -€9,585 | -€10,758 | ▼ 12.2% |
| Amounts payable17/49 | €2,476 | €2,729 | €3,112 | €2,605 | €2,605 | €7,332 | €7,769 | ▲ 6.0% |
| Amounts payable within one year42/48 | €2,476 | €2,729 | €3,112 | €2,605 | €2,605 | €7,332 | €7,769 | ▲ 6.0% |
| Trade debts44 | €457 | €229 | €105 | - | - | €227 | €664 | ▲ 193% |
| Suppliers440/4 | - | - | - | - | - | €227 | €664 | ▲ 193% |
| Other amounts payable47/48 | - | - | - | €2,605 | €2,605 | €7,105 | €7,105 | = |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €1,148 | -€3,270 | -€198 | -€918 | -€893 | -€2,512 | -€1,172 | ▲ 53.3% |
| Operating cash flow (approximation) | €1,148 | -€3,270 | -€198 | -€918 | -€893 | -€2,512 | -€1,172 | ▲ 53.3% |
| Change in cash | - | €2,954 | €643 | -€1,867 | -€493 | €1,888 | -€861 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Filings with the National Bank (8)
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-03-2025 | micro format | 29-09-2025 | 2025-00520493 |
| 31-03-2024 | micro format | 03-10-2024 | 2024-00492276 |
| 31-03-2023 | micro format | 28-09-2023 | 2023-00466902 |
| 31-03-2022 | micro format | 18-11-2022 | 2022-20522002 |
| 31-03-2021 | abbreviated format | 21-06-2021 | 2021-22500102 |
| 31-03-2020 | micro format | 30-06-2020 | 2020-23600396 |
| 31-03-2019 | micro format | 24-07-2019 | 2019-38400460 |
| 31-03-2018 | abbreviated format | 11-07-2018 | 2018-32800463 |
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| Heylen Jonas |
|
| Timmermans Ronny |
|
Owners and capital
Capital and shareholders
- 14-12-2023 Converted to unavailable equity
- 14-12-2023 Converted to available equity
Group and network
Connections & network
2 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
14-12
Gazette deed
Resignations: Timmermans Ronny (director) and Heylen Jonas (director)Appointments: Timmermans Ronny (director) and Heylen Jonas (director) · Amendment of the articles · Capital conversion12 facts ▸
- General meeting, 17-11-2023
- Amendment of the articles (2 times)
- Capital conversion, “statutair onbeschikbare eigen vermogensrekeningen” (deed in Dutch)
- Capital conversion, “beschikbaar voor toekomstige uitkeringen” (deed in Dutch)
- Capital
- Director resignation, Timmermans Ronny (director)
- Director resignation, Heylen Jonas (director)
- Director appointment, Timmermans Ronny (director (not named in the articles))
- Director appointment, Heylen Jonas (director (not named in the articles))
- Director discharge, Timmermans Ronny
- Director discharge, Heylen Jonas
- Power of attorney
About the unread acts
Of the 3 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 27 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 21902A0320/00V002 | Brussels | 83 m² | 1 · 60 m² | 13.1 m · 3 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Het ontwikkelen van software en het aanbieden van diensten, zowel via de cloud als in data-centra van de klant, om automatisch informatie te…” (deed in Dutch)
2 activities (deed in Dutch)
- Het ontwikkelen van software en het aanbieden van diensten, zowel via de cloud als in data-centra van de klant, om automatisch informatie te klasseren en in innovatieve vormen te visualiseren.
- Alle roerende of onroerende goederen, materialen of benodigdheden, verwerven, huren of verhuren, vervaardigen, overdragen of ruilen, en in het algemeen, alle commerciële, industriële of financiële handelingen verrichten, welke rechtsreeks of onrechtstreeks in verband staan met haar voorwerp, met inbegrip van de onderaanneming in het algemeen, en de uitbating van alle intellectuele rechten en industriële of commerciële eigendommen die erop betrekking hebben. Zij mag alle roerende en onroerende goederen als investering verwerven, zelfs als deze noch rechtstreeks, noch onrechtstreeks verband houden met het voorwerp van de vennootschap.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- GRAPH MACHINE
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “1030 Brussel (Schaarbeek), Dokter Elie Lambottestraat 48, VIERDE BESLUIT” (deed in Dutch)“Brussels Hoofdstedelijk” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- “VERTEGENWOORDIGINGBEVOEGDHEID Iedere bestuurder, afzonderlijk optredend, is bevoegd om de vennootschap te vertegenwoordigen in en buiten…”
- Board ruleHow the board is made up, meets and takes decisions.
- “Bepaalde of onbepaalde termijn, bij gebrek bepaling onbepaalde duur, BESTUURSORGAAN” (deed in Dutch)“Algemene vergadering bij gewone meerderheid steeds wegens wettige reden, zonder opzeggingstermijn of vertrekvergoeding, al dan…” (deed in Dutch)“Niet-statutaire bestuurder, te allen tijde zonder opgave van redenen met onmiddellijke ingang, tenzij anders in benoemingsbesluit” (deed in Dutch)1 more provision on this in the deed
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- One provision in the deed
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Alle handelingen nodig of dienstig voor vereffening, cijfermatig verslag met rekeningen en stukken neerleggen ten minste een maand voor…” (deed in Dutch)