GRAPHIES
ActiveGRAPHIES has been active since 2004 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €75k and a net result of €14k. Equity is growing by ~7.6% per year across the filed fiscal years. Its solvency ranks better than 79% of 168 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
92
/ 100
Excellent
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability85▼-6
Solvency98▲+11
Growth78=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €6k at 30 days acceptable
Liquidity ample (current ratio 3.15 against 2.27 in 2024; short-term debt: 27.1% and cash: 43.5% of total assets), and 27.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises 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 · 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
Sector 18
lower
← fewer bankruptcies
more bankruptcies →
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
72.9%
Return on assets
13.3%
Age of the figures
15 mo
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 16-12-2025, 46 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
46 d early
2024
23 d early
2023
29 d late
2022
27 d late
2021
24 d late
2020
9 d late
2019
on the day
← before the deadline
after the deadline →
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
30-06-2026 close21-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€14k▼ 20.4%
2024 · €17k
2019: €13k
2020: €12k
2021: €7k
2022: €2k
2023: €-7k
2024: €17k
2019 → 2025
Working capital
€60k▲ 27.8%
2024 · €47k
2019: €39k
2020: €37k
2021: €32k
2022: €33k
2023: €28k
2024: €47k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€52k-€52k▲ 1.4%€44k▼ 16.4%€61k▲ 39.1%€75k▲ 22.4%
Operating result€11k-€6k▼ 48.4%€-7k€26k€21k▼ 18.5%
Net result€7k-€2k▼ 65.8%€-7k€17k€14k▼ 20.4%
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 18% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €102k
Fixed assets
€15k▲ 4.5%
Current assets
€87k▲ 4.7%
Equity and liabilities €102k
Equity
€75k▲ 22.4%
Debt
€28k▼ 24.6%
The debt ratio falls from 37.7% to 27.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€22k▼
2024 · €27k
Cash flow
€14k▼
2024 · €18k
Solvency
72.9%▲
2024 · 62.3%
Current ratio
3.15▲
2024 · 2.27
Quick ratio
3.15▲
2024 · 2.27
Debt / equity
0.37▼
2024 · 0.60
ROE
18.3%▼
2024 · 28.1%
ROA
13.3%▼
2024 · 17.5%
Interest coverage
114.89▼
2024 · 181.23
Debt
€28k▼
2024 · €37k
Debt ≤ 1 year
€28k▼
2024 · €37k
Income taxes
€8k▼
2024 · €10k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2025 against 2024
Balance sheet
Code20242025
Assets
Total assets20/58€98k€102k▲
Fixed assets21/28€14k€15k▲
Tangible fixed assets22/27€14k€15k▲
Furniture and vehicles24€421€1k▲
Other tangible fixed assets26€14k€14k=
Current assets29/58€84k€87k▲
Amounts receivable after more than one year29€9k€9k=
Other amounts receivable291€9k€9k=
Amounts receivable within one year40/41€31k€32k▲
Trade receivables40€20k€20k▼
Other amounts receivable41€12k€12k▲
Cash at bank and in hand54/58€40k€44k▲
Deferred charges and accrued income490/1€3k€3k▼
Equity and liabilities
Total equity and liabilities10/49€98k€102k▲
Equity10/15€61k€75k▲
Contributions10/11€6k€6k=
Reserves13€24k€37k▲
Non-distributable reserves130/1€2k€2k=
Reserves not available under the articles1311€2k€2k=
Tax-exempt reserves132€7k€7k=
Distributable reserves133€15k€28k▲
Profit (loss) carried forward14€31k€31k▲
Amounts payable17/49€37k€28k▼
Amounts payable within one year42/48€37k€28k▼
Trade debts44€12k€5k▼
Suppliers440/4€12k€5k▼
Taxes, remuneration and social security45€23k€23k▲
Taxes450/3€23k€22k▼
Remuneration and social security454/9-€750
Other amounts payable47/48€2k-
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€1k€440▼
Other operating charges640/8€1k€1k▲
Gross operating margin9900€28k€23k▼
Operating profit (loss)9901€26k€21k▼
Financial income75/76B€815€1k▲
Recurring financial income75€815€1k▲
Financial charges65/66B€150€188▲
Recurring financial charges65€150€188▲
Profit (loss) for the period before taxes9903€27k€22k▼
Income taxes67/77€10k€8k▼
Profit (loss) for the period9904€17k€14k▼
Profit (loss) for the period to be appropriated9905€17k€14k▼
Appropriation of the result
Profit (loss) to be appropriated9906€46k€44k▼
Profit (loss) brought forward from the previous period14P€28k€31k▲
Transfer to equity691/2€15k€13k▼
To other reserves6921€15k€13k▼
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2025
16-12
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
08-01
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
30-06
Financial
Back to profitnet €17k
Net result €17k after one loss-making year.
29-02
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 29 days late
2023
30-06
Financial
Weakest financial yearnet €-7k ▼404%
Net result drops to €-7k, the lowest in the series; recovery starts the following year.
27-02
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 27 days late
2022
24-02
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 24 days late
2021
09-02
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 9 days late
2020
31-01
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
31-01
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
31-01
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
31-01
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
2 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, Waterloo · 1 establishment unit since 2004
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Avenue des Lilas 571410 WaterlooGround area
1,253 m²
Building footprint
95 m²
Volume, LiDAR
756 m³
Parcel 25762G0262/00A000, Wallonia · tallest building 9.6 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
GRAPHIES
since 20042.135.975.533
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25762G0262/00A000 | Wallonia | 1,253 m² | 1 · 95 m² | 9.6 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
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 831. 702 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded05-03-2004
Fiscal year end30-06
Activities, NACEBEL
18130Pre-press and pre-media services
22240
Sources
Crossroads Bank for EnterprisesNational Bank · 21 filingsAddress and cadastre registers
Data from official sources, last processed on 21-09-2026. Scores and ratios are computed by Checked and are not a credit decision.
Contact details
2 entriesE-mail:FWEERTS@MAC.COM
Phone:02/3472540