GRAPHIC DEVELOPMENT
ActiveSummary
GRAPHIC DEVELOPMENT has been active since 1994 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €78,147 and a net result of €10,498. Equity is growing by about 22% per year across the filed financial years. Its solvency ranks better than 69% of 11,726 sector peers (NACE 71, financial year 2025). The computed 12-month bankruptcy probability is below 0.1% (very low).
Overview
- Staff
- ≈ 0 FTE, estimated
- Equity
- €78,147
- Profit
- €10,498
Why 96raises riskLast filed accounts filed 21 days late; 1 of the last 3 latelowers riskLiquidity: current ratio 2.57, cash €40,057Sector: Architectural and engineering activities; technical testing and analysis (NACE 71)Equity €78,147 (71.1% of total assets)Show the evidence
Checked score
Fewer than 1 in 1,000 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 (NACE 71, micro): better than 70% on solvency, 79% on liquidity, 50% on profitability and 63% on growth.
The bankruptcy probability was computed on 28-10-2026 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 30 days after the deadline; the sector median (NACE 71) for financial year 2024 is 8 days before the deadline, and 34% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Annual accounts filedfinancial year 2024 · micro…
- Annual accounts filedfinancial year 2023 · micro…
Financials · financial year 2025, micro format
2025 annual accounts filed late (21 days) Filed on 21 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00412598.
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result has fallen two years in a row; 2025 is 7% below 2024.
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.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 71, Architectural and engineering activities; technical testing and analysis: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Peer companies
Historical observationOf the 31,368 companies that looked in July 2024 the way this one looks now, 0.5% went bankrupt within 24 months and 93.5% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of < 0.1% 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 497,445 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 31,368 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 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | - | €4,132 | €0 | - | - |
| Remuneration, social security and pensions62 | - | - | - | - | - | - | - | €34 | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €11,332 | €10,872 | €11,901 | €12,411 | €9,867 | €14,169 | €16,682 | €11,435 | ▼ 31.5% |
| Other operating charges640/8 | - | - | - | €2,090 | €1,837 | €2,171 | €2,124 | €2,099 | ▼ 1.2% |
| Gross operating margin9900 | -€3,630 | €17,902 | €26,112 | €23,256 | €31,450 | €52,903 | €37,110 | €30,649 | ▼ 17.4% |
| Operating profit (loss)9901 | -€14,538 | €5,371 | €11,861 | €8,755 | €19,746 | €36,563 | €18,304 | €17,080 | ▼ 6.7% |
| Financial income75/76B | - | - | - | - | €0 | €156 | €302 | €0 | ▼ 100% |
| Recurring financial income75 | €10 | €5 | €0 | - | €0 | €156 | €302 | €0 | ▼ 100% |
| Financial charges65/66B | - | - | - | €1,475 | €1,251 | €1,774 | €1,088 | €702 | ▼ 35.5% |
| Recurring financial charges65 | €627 | €869 | €870 | €1,475 | €1,251 | €1,774 | €1,088 | €702 | ▼ 35.5% |
| Profit (loss) for the period before taxes9903 | -€15,156 | €4,506 | €10,991 | €7,281 | €18,496 | €34,946 | €17,518 | €16,378 | ▼ 6.5% |
| Income taxes67/77 | €214 | €608 | €4,533 | €3,593 | €6,360 | €13,140 | €6,958 | €5,880 | ▼ 15.5% |
| Profit (loss) for the period9904 | -€15,370 | €3,898 | €6,458 | €3,688 | €12,136 | €21,806 | €10,560 | €10,498 | ▼ 0.6% |
| Profit (loss) for the period to be appropriated9905 | -€15,370 | €3,898 | €11,773 | €3,688 | €12,136 | €21,806 | €10,560 | €10,498 | ▼ 0.6% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €89,038 | €82,438 | €94,235 | €84,017 | €86,425 | €109,596 | €104,090 | €109,885 | ▲ 5.6% |
| Fixed assets21/28 | €64,113 | €53,240 | €71,309 | €58,898 | €50,892 | €72,315 | €57,781 | €48,576 | ▼ 15.9% |
| Tangible fixed assets22/27 | €64,113 | €53,240 | €71,309 | €58,898 | €50,892 | €72,315 | €57,781 | €48,576 | ▼ 15.9% |
| Land and buildings22 | - | - | - | €37,797 | €35,600 | €33,402 | €31,205 | €29,008 | ▼ 7.0% |
| Plant, machinery and equipment23 | - | - | - | €5,082 | €3,517 | €1,952 | €387 | €0 | ▼ 100% |
| Furniture and vehicles24 | - | - | - | €16,020 | €11,775 | €36,961 | €26,188 | €19,568 | ▼ 25.3% |
| Current assets29/58 | €24,926 | €29,198 | €22,926 | €25,119 | €35,533 | €37,281 | €46,309 | €61,308 | ▲ 32.4% |
| Amounts receivable within one year40/41 | €9,690 | €10,918 | €8,404 | €8,267 | €13,924 | €10,320 | €15,020 | €20,863 | ▲ 38.9% |
| Trade receivables40 | - | - | - | €8,267 | €13,924 | €10,279 | €13,910 | €12,570 | ▼ 9.6% |
| Other amounts receivable41 | - | - | - | - | - | €40 | €1,111 | €8,294 | ▲ 647% |
| Cash at bank and in hand54/58 | €15,236 | €18,280 | €14,521 | €16,852 | €21,609 | €26,961 | €26,289 | €40,057 | ▲ 52.4% |
| Deferred charges and accrued income490/1 | - | - | - | - | - | - | €5,000 | €388 | ▼ 92.2% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €89,038 | €82,438 | €94,235 | €84,017 | €86,425 | €109,596 | €104,090 | €109,885 | ▲ 5.6% |
| Equity10/15 | €21,091 | €23,365 | €28,222 | €30,310 | €40,847 | €60,986 | €67,649 | €78,147 | ▲ 15.5% |
| Contributions10/11 | €6,197 | €6,197 | - | €6,197 | €6,197 | €6,197 | €6,197 | €6,197 | = |
| Reserves13 | €7,174 | €11,072 | €17,530 | €21,218 | €33,354 | €54,789 | €61,452 | €71,949 | ▲ 17.1% |
| Non-distributable reserves130/1 | - | - | - | €1,859 | €1,859 | - | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €1,859 | €1,859 | - | - | - | - |
| Distributable reserves133 | - | - | - | €19,358 | €31,495 | €54,789 | €61,452 | €71,949 | ▲ 17.1% |
| Profit (loss) carried forward14 | €7,719 | €6,095 | €4,495 | €2,895 | €1,295 | - | €0 | €0 | - |
| Amounts payable17/49 | €67,948 | €59,073 | €66,013 | €53,707 | €45,579 | €48,610 | €36,441 | €31,738 | ▼ 12.9% |
| Amounts payable after more than one year17 | €14,411 | €22,677 | €28,606 | €21,628 | €14,532 | €25,048 | €16,618 | €7,881 | ▼ 52.6% |
| Financial debts170/4 | - | - | - | €21,628 | €14,532 | €25,048 | €16,618 | €7,881 | ▼ 52.6% |
| Amounts payable within one year42/48 | €48,796 | €36,320 | €37,326 | €31,286 | €30,435 | €22,947 | €19,823 | €23,857 | ▲ 20.4% |
| Current portion of amounts payable after more than one year42 | - | - | - | €6,978 | €7,097 | €8,498 | €8,430 | €8,737 | ▲ 3.6% |
| Financial debts43 | - | - | - | €1 | - | - | - | - | - |
| Other loans439 | - | - | - | €1 | - | - | - | - | - |
| Trade debts44 | €10,315 | €3,776 | €3,142 | €3,957 | €2,742 | €3,740 | €1,980 | €5,331 | ▲ 169% |
| Suppliers440/4 | - | - | - | €3,957 | €2,742 | €3,740 | €1,980 | €5,331 | ▲ 169% |
| Taxes, remuneration and social security45 | - | - | - | €4,601 | €4,017 | €3,603 | €5,098 | €5,603 | ▲ 9.9% |
| Taxes450/3 | - | - | - | €4,601 | €4,017 | €3,603 | €5,098 | €3,214 | ▼ 37.0% |
| Remuneration and social security454/9 | - | - | - | - | - | - | - | €2,389 | - |
| Other amounts payable47/48 | - | - | - | €15,750 | €16,579 | €7,106 | €4,314 | €4,185 | ▼ 3.0% |
| Accrued charges and deferred income492/3 | - | - | - | €793 | €612 | €615 | €0 | - | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€15,370 | €3,898 | €6,458 | €3,688 | €12,136 | €21,806 | €10,560 | €10,498 | ▼ 0.6% |
| + Depreciation and write-downs630 | €11,332 | €10,872 | €11,901 | €12,411 | €9,867 | €14,169 | €16,682 | €11,435 | ▼ 31.5% |
| Operating cash flow (approximation) | -€4,038 | €14,770 | €18,358 | €16,099 | €22,003 | €35,975 | €27,242 | €21,933 | ▼ 19.5% |
| Investment in fixed assets (approximation) | - | €0 | -€29,970 | €0 | -€1,860 | -€35,592 | -€2,147 | -€2,231 | ▼ 3.9% |
| Change in cash | - | €3,044 | -€3,758 | €2,330 | €4,757 | €5,352 | -€672 | €13,768 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 31 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 21-08-2026 | 2026-00412598 |
| 31-12-2024 | micro format | 10-10-2025 | 2025-00538390 |
| 31-12-2023 | micro format | 25-07-2024 | 2024-00288462 |
| 31-12-2022 | abbreviated format | 04-08-2023 | 2023-00315439 |
| 31-12-2021 | abbreviated format | 28-07-2022 | 2022-20252580 |
| 31-12-2020 | abbreviated format | 25-08-2021 | 2021-56300394 |
| 31-12-2019 | abbreviated format | 08-11-2020 | 2020-69800494 |
| 31-12-2018 | abbreviated format | 01-08-2019 | 2019-42900357 |
| 31-12-2017 | abbreviated format | 20-07-2018 | 2018-37000582 |
| 31-12-2016 | abbreviated format | 25-07-2017 | 2017-36800491 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Owners and capital
Capital and shareholders
- 28-12-2023 Capital reduction of €12,394.68 · “vrijstelling van de verplichting tot storting van het saldo van de inbrengen van elk aandeel”
Group and network
Connections & network
No sitting directors or connected companies in the Gazette act read.
History
Acts, filings and financial milestones
28-12
Gazette deed
Amendment of the articles · Legal-form change · Resignations & appointmentsPower of attorney · Board composition · Registered office clause12 facts ▸
- Power of attorney, Stéphanie Westerlinck (2 times)
- Board composition, Willem Aerts (director)
- Registered office clause, “2590 Berlaar,Itegembaan 65, adres zetel gevestigd te” (deed in Dutch)
- Power of attorney
- General meeting, 08-12-2023
- Other provision, “aanpassing statuten aan WVV en behoud rechtsvorm BV, artikel 39,§1,eerste en derde lid,wet van 23-03-2019 tot invoering van het Wetboek van vennootschappen e…” (deed in Dutch)
- Capital conversion, EUR, “vormen en meerderheden statutenwijziging” (deed in Dutch)
- Capital decrease, €12,394.68
- Other provision, “kennisname bijzonder verslag bestuursorgaan liquiditeitstest, datum van de uitkering” (deed in Dutch)
- Other provision, “geen vermindering noch vrijstelling genoten in kader overdracht aandelen familiale vennootschap, aandeelhouders” (deed in Dutch)
- Amendment of the articles
- Capital
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 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 |
|---|---|---|---|---|
| 12002B0254/00A002 | Flanders | 392 m² | 1 · 215 m² | 8.8 m · 1 |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “Het doen en laten doen van studies onder meer met betrekking tot tekenwerk; Het opmaken van computerprogramma’s en de uitvoering van werken…” (deed in Dutch)
12 activities (deed in Dutch)
- Het doen en laten doen van studies onder meer met betrekking tot tekenwerk;
- Het opmaken van computerprogramma’s en de uitvoering van werken op de computer;
- Het ontwerpen,tot stand brengen,controleren,reproduceren en verbeteren van technische tekeningen en van allerhande documenten;
- Het ontwerpen van systemen en software;
- De aan- en verkoop,alsmede de verhuur van apparatuur,systemen,software en alle toebehoren;
- Het verlenen van advies met betrekking tot bovenvermelde materies en aanverwante domeinen;
- Het kopen,verkopen,huren en verhuren van onroerende goederen;
- Het bemiddelen in verrichtingen met betrekking tot het kopen,verkopen,huren of verhuren van roerende en onroerende goederen;
- Het beheer van roerende en onroerende goederen;
- Het verstrekken van technisch advies inzake verandering- en verbouwingswerken van gebouwen of het inrichten ervan;
- Het besturen van vennootschappen;
- Het aan- en verkopen van aandelen en alle roerende goederen.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- GRAPHIC DEVELOPMENT
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Vlaams Gewest” (deed in Dutch)
Who represents it, and how
- Who signsWho may bind the company towards others, for example by signing a contract.
- Each director alone
- Board ruleHow the board is made up, meets and takes decisions.
- “Bestuursorgaan, met of zonder beperking” (deed in Dutch)“Ad nutum bij besluit algemene vergadering, niet-statutaire bestuurders” (deed in Dutch)“Algemene vergadering kan te allen tijde statutaire of gewone bestuurders (bij)benoemen en bevoegdheden bepalen, ook indien voordien reeds…” (deed in Dutch)“Algemene kosten,los van representatie-,reis- en verplaatsingskosten, algemene vergadering” (deed in Dutch)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Last Monday of June at 18:00