Checked.be
Active
BE 0540.846.066Private limited company
Graphic House
Lindenberg 1A ·4701 Eupen, Belgium· 12 yrs active
Sector: Advertising agencies
(73110)
Conclusion
Graphic House has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €38k and a net result of €-3k. Equity remains stable across the filed fiscal years (±0.9% per year). The computed 12-month bankruptcy probability is 0.7% (low).
Based on the State Gazette, CBE and 5 annual accounts.
Key figures
| Equity | €38k |
| Net result | €-3k |
| Staff (FTE) | 3 |
| Active | 12 yrs |
Financial profile
55
/ 100
Mixed profile: strong on stability, weaker on profitability.
All 5 axes are computed from data Checked has read.
Health
58
Profitability
0
Solvency
64
Growth
52
Stability
100
Bankruptcy probability (12 mo)
Risk Assessment
0 / 100
Low riskTrust signals
Established
Founded in 2013, 12 years in business.
No legal incidents
No bankruptcy, reorganisation or interim measure in the Belgisch Staatsblad, and the KBO register records a normal legal situation.
Administrative Flags
No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
Checked score
58
/ 100
Fair
Computed from 5 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.
Indicative credit limit
€2k
estimate, not credit advice
Score history
81
2021
81
2022
86
2023
78
2024
58
2025
purely financial, excl. current insolvency signals
Score components
Liquidity
Current ratio 1.27 (≥ 1.0)
+5
Quick ratio
Quick ratio 1.27 (≥ 1.0)
+5
Leverage
Debt/equity 1.70 (< 2.0)
+3
Profitability
Negatieve ROE -8%
-10
Interest coverage
Interest coverage 6.0× (≥ 3×)
+8
Profit trend
Net profit down YoY
-3
Computed by Checked from the NBB filing for FY 2025. Indicative, not credit advice.
Financial overview
Annual accounts filed on 05-06-2026 with the NBB · fiscal year 2025 · unclassified schema
Trajectory (indicative)
Projection over 3 fiscal years from the filed annual accounts, not a forecast, the extended trend.
stable
Equity: stable across 5 fiscal years (±0.9%/year).
Solid line = filed figures · dashed = extended trend · area = indicative range.
How do we compute this?
The trend is a robust median of all pairwise slopes between fiscal years (Theil-Sen), so a single odd year cannot hijack the line. For strictly positive series we also fit a log variant (compound annual growth) and keep whichever describes the figures best.
The area around the projection is 1.8 × the median absolute deviation from the trend, widening each year ahead (×1 / ×1.6 / ×2.2), with a minimum of 8% of the last value. It is an indicative range, not a statistical confidence interval.
A series whose deviations exceed 35% of its level is too volatile: we then deliberately show no projection. Every projection assumes unchanged policy and is blind to non-public information (order book, contracts, funding rounds).
€9k
-65.1%
21-25
€-3k
-
21-25
€8k
-65.2%
21-25
€103k
-24.1%
21-25
€38k
-21.1%
21-25
€11k
-40.8%
21-25
3
-16.7%
21-25
€71k
+0.8%
21-25
€188
-93.7%
21-25
€7k
-50.0%
21-25
€65k
-25.8%
21-25
€41k
-27.6%
21-25
€24k
-21.0%
21-25
1.27
-4.5%
21-25
1.27
-4.5%
21-25
37.1%
+4.0%
21-25
1.70
-6.0%
21-25
-8.2%
-
21-25
-3.0%
-
21-25
6.01
-58.4%
21-25
Figures by fiscal year and ratios
| Fiscal year | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Deposit | unclassified schema | unclassified schema | unclassified schema | unclassified schema | abbreviated schema |
| Revenue | - | - | - | - | - |
| EBITDA | €9k | €27k | €46k | €42k | €52k |
| Net profit | €-3k | €10k | €19k | €18k | €30k |
| Cash flow | €8k | €22k | €36k | €32k | €45k |
| Staff costs | €71k | €71k | €65k | €64k | €35k |
| Income taxes | €188 | €3k | €8k | €9k | €7k |
| Dividends | €7k | €14k | €14k | €7k | €28k |
| Total assets | €103k | €135k | €157k | €115k | €101k |
| Equity | €38k | €48k | €52k | €47k | €37k |
| Debt | €65k | €87k | €105k | €68k | €64k |
| of which ≤ 1y | €41k | €56k | €66k | €45k | €53k |
| of which > 1y | €24k | €30k | €38k | €23k | €10k |
| Working capital | €11k | €18k | €16k | €14k | €3k |
| Employees (FTE) | 3.0 | 3.6 | 2.8 | 2.9 | 2.3 |
Note: these years are not on the same basis. The filed schemas differ (unclassified schema, abbreviated schema), so the columns are not directly comparable.
Ratios (computed)
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Current ratio | 1.27 | 1.33 | 1.25 | 1.31 | 1.07 |
| Quick ratio | 1.27 | 1.33 | 1.25 | 1.31 | 1.07 |
| Working capital ratio | 10.7% | 13.7% | 10.5% | 12.2% | 3.5% |
| Solvency | 37.1% | 35.7% | 33.3% | 41.0% | 36.5% |
| Debt / equity | 1.70 | 1.80 | 2.01 | 1.44 | 1.74 |
| Long-term debt ratio | 0.62 | 0.62 | 0.73 | 0.48 | 0.28 |
| Interest coverage | 6.01 | 14.47 | 18.39 | 50.33 | 176.02 |
| Gross margin | - | - | - | - | - |
| Net margin | - | - | - | - | - |
| ROA | -3.0% | 7.6% | 12.0% | 15.3% | 30.2% |
| ROE | -8.2% | 21.3% | 36.2% | 37.3% | 82.6% |
| EBITDA margin | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - |
| Inventory turnover | - | - | - | - | - |
| Days inventory (DSI) | - | - | - | - | - |
Balance-sheet composition 2025
Full annual accounts (24 line items)
Filed balance sheet and income statement, exactly as deposited with the NBB.
| Line item | Code | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|---|
| Balance sheet, Assets | ||||||
| TOTAL ASSETS | 20/58 | €103k | €135k | €157k | €115k | €101k |
| Fixed assets | 21/28 | €51k | €61k | €74k | €56k | €44k |
| Intangible fixed assets | 21 | - | - | €393 | €1k | €2k |
| Tangible fixed assets | 22/27 | €51k | €61k | €74k | €55k | €42k |
| Current assets | 29/58 | €52k | €75k | €83k | €59k | €57k |
| Amounts receivable within one year | 40/41 | €31k | €31k | €45k | €44k | €32k |
| Cash & bank | 54/58 | €18k | €42k | €35k | €13k | €24k |
| Balance sheet, Equity & liabilities | ||||||
| TOTAL EQUITY & LIABILITIES | 10/49 | €103k | €135k | €157k | €115k | €101k |
| Equity | 10/15 | €38k | €48k | €52k | €47k | €37k |
| Contributions / capital | 10/11 | €20k | €20k | €20k | €19k | €19k |
| Reserves | 13 | €18k | €18k | €18k | €19k | €1k |
| Accumulated profits (losses) | 14 | €831 | €11k | €15k | €10k | €17k |
| Amounts payable | 17/49 | €65k | €87k | €105k | €68k | €64k |
| Amounts payable after one year | 17 | €24k | €30k | €38k | €23k | €10k |
| Amounts payable within one year | 42/48 | €41k | €56k | €66k | €45k | €53k |
| Trade debts payable within one year | 44 | €3k | €1k | €15k | €6k | €9k |
| Income statement | ||||||
| Gross operating margin | 9900 | €81k | €101k | €117k | €106k | €88k |
| Operating result | 9901 | €-1k | €15k | €29k | €27k | €38k |
| Financial income | 75 | €82 | €120 | €143 | €27 | - |
| Financial charges | 65 | €2k | €2k | €2k | €830 | €297 |
| Result before taxes | 9903 | €-3k | €13k | €27k | €26k | €38k |
| Income taxes | 67/77 | €188 | €3k | €8k | €9k | €7k |
| Net result for the period | 9904 | €-3k | €10k | €19k | €18k | €30k |
| Result to be appropriated | 9905 | €-3k | €10k | €19k | €18k | €30k |
Legal Structure
| NACE primary | Advertising agencies(73110) |
| Legal form | Private limited company(610) |
| Incorporation | 11-10-2013 |
| Status | Active |
| Postal code | 4701 |
Establishment units
Graphic House
since 20132.223.134.090
Updates
Next filing, fiscal year 2026, expected by
2026
05-06
NBB filing
Annual accounts filed
fiscal year 2025 · unclassified schema
2025
31-12
Financial
Weakest financial yearnet €-3k ▼130%
Net result drops to €-3k, the lowest in the series.
28-05
NBB filing
Annual accounts filed
fiscal year 2024 · unclassified schema
2024
30-05
NBB filing
Annual accounts filed
fiscal year 2023 · unclassified schema
2023
03-05
NBB filing
Annual accounts filed
fiscal year 2022 · unclassified schema
2022
09-05
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
02-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
13-05
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
24-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
17-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
19-04
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Belgian State Gazette reading coverage
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Credit advice
Company registry (CBE)
Activities
Advertising agencies73110Other professional, scientific and technical activities74103Graphic design and visual communication74120Other professional, scientific and technical activities74109Other specialised design activities74140
Names & trade names
| Legal nameDE | Graphic House |
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