GRAPHCOM.BE
ActiveSummary
GRAPHCOM.BE has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €141k and a net result of €51k. Equity is growing by ~31.8% per year across the filed fiscal years. Its solvency ranks better than 30% of 958 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability82▲+2
Solvency54▲+10
Growth78=
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €10k at 30 days acceptable
Liquidity ample (current ratio 1.5 against 1.21 in 2024; short-term debt: 26.5% and cash: 21.7% of total assets), but 70.9% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers 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
29.1%
Return on assets
10.5%
Age of the figures
9 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 18
Relative position
BE, all sectors
reference
Printing and reproduction of recorded media (NACE 18)
about 11% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 14-07-2026, 17 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
17 d early
2024
20 d late
2023
15 d early
2022
8 d late
2021
23 d late
2020
13 d late
2019
12 d late
← before the deadline
after the deadline →
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
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€141k▲ 56.7%
2024 · €90k
2018: €16klowest in 8 years
2019: €24k▲ +54.0% vs 2018
2020: €25k▲ +4.6% vs 2019
2021: €31k▲ +20.8% vs 2020
2022: €31k▲ +2.1% vs 2021
2023: €47k▲ +49.5% vs 2022
2024: €90k▲ +92.2% vs 2023
2025: €141k▲ +56.7% vs 2024highest in 8 years
2018 → 2025
Total assets
€486k▲ 4.3%
2024 · €466k
2018: €398k
2019: €407k▲ +2.3% vs 2018
2020: €302k▼ -25.9% vs 2019
2021: €293k▼ -3.0% vs 2020lowest in 8 years
2022: €416k▲ +42.1% vs 2021
2023: €400k▼ -3.8% vs 2022
2024: €466k▲ +16.5% vs 2023
2025: €486k▲ +4.3% vs 2024highest in 8 years
2018 → 2025
Net result
€51k▲ 18.1%
2024 · €43k
2018: €2k
2019: €9k▲ +341% vs 2018
2020: €1k▼ -86.8% vs 2019
2021: €5k▲ +369% vs 2020
2022: €652▼ -87.7% vs 2021lowest in 8 years
2023: €16k▲ +2286% vs 2022
2024: €43k▲ +179% vs 2023
2025: €51k▲ +18.1% vs 2024highest in 8 years
2018 → 2025
Working capital
€65k▲ 131%
2024 · €28k
2018: €3k
2019: €2k▼ -49.5% vs 2018
2020: €7k▲ +319% vs 2019
2021: €16k▲ +148% vs 2020
2022: €-25k▼ -255% vs 2021lowest in 8 years
2023: €-12k▲ +51.5% vs 2022
2024: €28k▲ +329% vs 2023
2025: €65k▲ +131% vs 2024highest in 8 years
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€31k-€31k▲ 2.1%€47k▲ 49.5%€90k▲ 92.2%€141k▲ 56.7%
2021: €31klowest in 5 years
2022: €31k▲ +2.1% vs 2021
2023: €47k▲ +49.5% vs 2022
2024: €90k▲ +92.2% vs 2023
2025: €141k▲ +56.7% vs 2024highest in 5 years
Operating result€19k-€13k▼ 27.9%€34k▲ 155%€76k▲ 121%€87k▲ 14.8%
2021: €19k
2022: €13k▼ -27.9% vs 2021lowest in 5 years
2023: €34k▲ +155% vs 2022
2024: €76k▲ +121% vs 2023
2025: €87k▲ +14.8% vs 2024highest in 5 years
Net result€5k-€652▼ 87.7%€16k▲ 2,286%€43k▲ 179%€51k▲ 18.1%
2021: €5k
2022: €652▼ -87.7% vs 2021lowest in 5 years
2023: €16k▲ +2286% vs 2022
2024: €43k▲ +179% vs 2023
2025: €51k▲ +18.1% vs 2024highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed three years in a row; 2025 is 15% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €486k
Fixed assets
€293k ▼ 3.0%
Current assets
€193k ▲ 17.7%
Equity and liabilities €486k
Equity
€141k ▲ 56.7%
Debt
€345k ▼ 8.3%
Debt's share of the balance-sheet total falls from 80.6% to 70.9%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€109k▲
2024 · €97k
Cash flow
€74k▲
2024 · €65k
Current ratio
1.50▲
2024 · 1.21
Debt to equity
2.44▼
2024 · 4.16
ROE
36.2%▼
2024 · 48.0%
ROA
10.5%▲
2024 · 9.3%
Interest coverage
14.02▲
2024 · 11.42
Debt ≤ 1 year
€129k▼
2024 · €136k
Debt > 1 year
€215k▼
2024 · €238k
Income taxes
€28k▲
2024 · €24k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 45 lines
Balance sheet
Code20242025
Assets
Total assets20/58€466k€486k▲
Fixed assets21/28€302k€293k▼
Tangible fixed assets22/27€302k€293k▼
Land and buildings22€302k€178k▼
Plant, machinery and equipment23-€2k
Furniture and vehicles24-€11k
Leasing and similar rights25-€103k
Current assets29/58€164k€193k▲
Amounts receivable within one year40/41€90k€88k▼
Trade receivables40€81k€71k▼
Other amounts receivable41€9k€17k▲
Cash at bank and in hand54/58€72k€105k▲
Deferred charges and accrued income490/1€2k€502▼
Equity and liabilities
Total equity and liabilities10/49€466k€486k▲
Equity10/15€90k€141k▲
Contributions10/11€8k€8k=
Reserves13€82k€133k▲
Tax-exempt reserves132€5k€5k=
Distributable reserves133€77k€129k▲
Amounts payable17/49€376k€345k▼
Amounts payable after more than one year17€238k€215k▼
Financial debts170/4€238k€215k▼
Amounts payable within one year42/48€136k€129k▼
Current portion of amounts payable after more than one year42€26k€32k▲
Trade debts44€92k€74k▼
Suppliers440/4€92k€74k▼
Taxes, remuneration and social security45€18k€23k▲
Taxes450/3€18k€23k▲
Accrued charges and deferred income492/3€2k€1k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€22k€23k▲
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4-€346
Other operating charges640/8€5k€6k▲
Gross operating margin9900€102k€115k▲
Operating profit (loss)9901€76k€87k▲
Financial income75/76B€1-
Recurring financial income75€1-
Financial charges65/66B€9k€8k▼
Recurring financial charges65€9k€8k▼
Profit (loss) for the period before taxes9903€67k€79k▲
Income taxes67/77€24k€28k▲
Profit (loss) for the period9904€43k€51k▲
Profit (loss) for the period to be appropriated9905€43k€51k▲
Appropriation of the result
Profit (loss) to be appropriated9906€43k€51k▲
Transfer to equity691/2€43k€51k▲
To other reserves6921€43k€51k▲
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €23k | €40k | €22k | €22k | €23k | ▲ 4.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | €1k | - | €669 | - | €346 | - |
| Other operating charges640/8 | €2k | €5k | €5k | €5k | €6k | ▲ 8.9% |
| Gross operating margin9900 | €46k | €58k | €62k | €102k | €115k | ▲ 12.7% |
| Operating profit (loss)9901 | €19k | €13k | €34k | €76k | €87k | ▲ 14.8% |
| Financial income75/76B | €0 | €1 | - | €1 | - | - |
| Recurring financial income75 | €0 | €1 | - | €1 | - | - |
| Financial charges65/66B | €8k | €10k | €9k | €9k | €8k | ▼ 8.3% |
| Recurring financial charges65 | €8k | €10k | €9k | €9k | €8k | ▼ 8.3% |
| Profit (loss) for the period before taxes9903 | €10k | €3k | €25k | €67k | €79k | ▲ 17.7% |
| Income taxes67/77 | €5k | €3k | €10k | €24k | €28k | ▲ 17.0% |
| Profit (loss) for the period9904 | €5k | €652 | €16k | €43k | €51k | ▲ 18.1% |
| Profit (loss) for the period to be appropriated9905 | €5k | €652 | €16k | €43k | €51k | ▲ 18.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €293k | €416k | €400k | €466k | €486k | ▲ 4.3% |
| Fixed assets21/28 | €180k | €346k | €323k | €302k | €293k | ▼ 3.0% |
| Tangible fixed assets22/27 | €180k | €346k | €323k | €302k | €293k | ▼ 3.0% |
| Land and buildings22 | €7k | €190k | €323k | €302k | €178k | ▼ 41.2% |
| Plant, machinery and equipment23 | - | - | - | - | €2k | - |
| Furniture and vehicles24 | €1k | €632 | €109 | - | €11k | - |
| Leasing and similar rights25 | €172k | €155k | - | - | €103k | - |
| Current assets29/58 | €113k | €71k | €77k | €164k | €193k | ▲ 17.7% |
| Amounts receivable within one year40/41 | €66k | €62k | €68k | €90k | €88k | ▼ 3.2% |
| Trade receivables40 | €63k | €55k | €61k | €81k | €71k | ▼ 12.9% |
| Other amounts receivable41 | €3k | €6k | €7k | €9k | €17k | ▲ 81.5% |
| Cash at bank and in hand54/58 | €47k | €9k | €8k | €72k | €105k | ▲ 46.5% |
| Deferred charges and accrued income490/1 | €216 | - | €239 | €2k | €502 | ▼ 74.5% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €293k | €416k | €400k | €466k | €486k | ▲ 4.3% |
| Equity10/15 | €31k | €31k | €47k | €90k | €141k | ▲ 56.7% |
| Contributions10/11 | €8k | €8k | €8k | €8k | €8k | = |
| Reserves13 | €23k | €23k | €39k | €82k | €133k | ▲ 62.4% |
| Non-distributable reserves130/1 | €595 | €595 | - | - | - | - |
| Reserves not available under the articles1311 | €595 | €595 | - | - | - | - |
| Tax-exempt reserves132 | €5k | €5k | €5k | €5k | €5k | = |
| Distributable reserves133 | €17k | €18k | €34k | €77k | €129k | ▲ 66.1% |
| Amounts payable17/49 | €262k | €385k | €353k | €376k | €345k | ▼ 8.3% |
| Amounts payable after more than one year17 | €165k | €289k | €264k | €238k | €215k | ▼ 9.5% |
| Financial debts170/4 | €165k | €289k | €264k | €238k | €215k | ▼ 9.5% |
| Amounts payable within one year42/48 | €97k | €96k | €89k | €136k | €129k | ▼ 5.6% |
| Current portion of amounts payable after more than one year42 | €17k | €27k | €30k | €26k | €32k | ▲ 22.6% |
| Trade debts44 | €70k | €63k | €54k | €92k | €74k | ▼ 19.7% |
| Suppliers440/4 | €70k | €63k | €54k | €92k | €74k | ▼ 19.7% |
| Taxes, remuneration and social security45 | €9k | €6k | €5k | €18k | €23k | ▲ 25.4% |
| Taxes450/3 | €9k | €6k | €5k | €18k | €23k | ▲ 25.4% |
| Other amounts payable47/48 | - | €173 | - | - | - | - |
| Accrued charges and deferred income492/3 | - | - | €734 | €2k | €1k | ▼ 49.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €5k | €652 | €16k | €43k | €51k | ▲ 18.1% |
| + Depreciation and write-downs630 | €23k | €40k | €22k | €22k | €23k | ▲ 4.7% |
| Operating cash flow (approximation) | €29k | €41k | €38k | €65k | €74k | ▲ 13.7% |
| Investment in fixed assets (approximation) | - | €-206k | €0 | €0 | €-14k | - |
| Change in cash | - | €-38k | €-739 | €64k | €33k | ▼ 47.6% |
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
14-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2018net €51k ▲18.1%
Operating result €87k, net result €51k, both a record.
31-12
Financial
Equity above €100kEq €141k ▲56.7%
8 profitable years in a row build equity to €141k.
20-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 20 days late
2024
16-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
08-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 8 days late
2022
31-12
Financial
Weakest financial yearnet €652 ▼87.7%
Net result drops to €652, the lowest in the series; recovery starts the following year.
23-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 23 days late
2021
13-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 13 days late
2020
12-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 12 days late
2019
19-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 19 days late
2018
28-09
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 59 days late
2017
22-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 22 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, Tienen · 1 establishment unit since 2012
Ground area
194 m²
Building footprint
194 m²
Volume, LiDAR
1,201 m³
Parcel 24015M0099/00G000, Flanders · tallest building 10.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Graphcom.be
since 20122.209.649.409
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24015M0099/00G000 | Flanders | 194 m² | 1 · 194 m² | 10.2 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 2,855 companies in sector 18130 we hold annual accounts for 832. 675 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
Founded10-01-2007
Fiscal year end31-12
Activities, NACEBEL 2025
18130Pre-press and pre-media services
73110Advertising agencies
Scores and ratios are computed by Checked and are not a credit decision.