GRAPHSHOPPER
ActiveFrom the official registers: KBO 22 annual accounts at the National Bank publications in the Belgian Official Gazette
Summary
GRAPHSHOPPER has been active since 2003 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€28,889) and a net result of -€2,291. Equity has been shrinking by about 54% per year since 2018. Its solvency ranks better than 8% of 1,119 sector peers (NACE 18, financial year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Overview
Overview
Official details
KBO- Status
- Active since 07-10-2003 Normal situation
- Activity
- Pre-press and pre-media services NACE 18130and 2 others
- Establishment unit
- 2.350.105.409 9230 Wetteren, since 01-10-2003
- Financial year end
- 31 December
- Peppol
- Reachable since 22-12-2025
Financial position
- Bankruptcy probabilitywithin 12 months
- 1.0%
- Gross margin
- €1,691
- Turnover
- ≈ €13,000
- estimated
- Loss
- €2,291
- ▼ 68.8%
- Equity
- -€28,889
- ▼ 8.6%
- Total assets
- €33,099
- ▲ 16.2%
Score breakdownraises riskCapped at 59: negative equityLoss of €2,291, the second in a row (financial year 2025)Negative equity -€28,889lowers riskSize: total assets €33,099Founded in 2003Show the evidence
Checked score
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Calculation
The band follows from the bankruptcy probability. 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 18, micro). It does better than 6% of them on solvency, 25% on liquidity, 20% on profitability and 29% on growth.
The bankruptcy probability was computed on 31-10-2026 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. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
The company filed its last 7 accounts on average 29 days after the deadline. In the sector (NACE 18), the median for financial year 2024 was 5 days before the deadline, and 38% of those companies filed late.
Searched, nothing found (2)
Financials
Financials · financial year 2025, micro format
2025 annual accounts filed 31 days after the deadline Filed on 31 August 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00502205.
Annual accounts 2025 filed on 31-08-2026 at the NBB all 22 filings
Amounts without an identifiable currency are taken as euros.
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result for 2025 is a loss of €1,882, smaller than the loss of €6,768 in 2024.
Turnover is what the company sold, the result is what was left of it. A loss stands below the zero line.
Assets, equity and debt per financial year.
Above zero, the company can pay its short-term debts with what it holds in the short term.
The EBIT margin is the share of each euro of turnover left from operations. The return on assets is what the assets earn.
The higher the solvency, the better the company absorbs a setback.
A ratio above 1 means the short-term assets cover the short-term debts.
Use the arrow keys on the chart for the figures per year.
The sector band is the middle half of the companies in Printing and reproduction of recorded media (NACE 18). A quarter of them sit below it, a quarter above. Each year counts only accounts in the same format, and only where there are at least 30. The dashed line is the median. There is a sector band for net result, equity, total assets, working capital, solvency, current ratio and return on assets (ROA).
Comparable companies
These companies have the same main activity as GRAPHSHOPPER: pre-press and pre-media services (NACE 18130). They are comparable in size and age: total assets between €21,600 and €51,800, founded between 2001 and 2008.
| Company | Founded | Total assets | Equity | Gross margin | Net result | Financial year |
|---|---|---|---|---|---|---|
| GRAPHSHOPPER Wetteren | 2003 | €33,099 | -€28,889 | €1,691 | -€2,291 | 2025 |
| MUST GRAPHICS & COMMUNICATION Wichelen | 2006 | €50,903 | €5,157 | -€8,226 | -€9,400 | 2025 |
| LEX GRAPHICS Hasselt | 2008 | €33,089 | €24,746 | €1,140 | -€3,956 | 2025 |
| CERISE.BE Jodoigne | 2004 | €21,581 | €17,826 | €2,130 | -€2,497 | 2025 |
| L.C. DESIGN Bertrix | 2006 | €42,010 | -€2,913 | -€1,319 | -€6,525 | 2025 |
| BVBA CALL COMMUNICATIONS Huldenberg | 2005 | €49,669 | €49,669 | €0 | €0 | 2025 |
| (IN) EXTENSO Jette | 2001 | €51,763 | €47,871 | -€28,217 | -€27,899 | 2026 |
They were chosen from the 847 other active companies with that main activity and annual accounts from the past two years. All companies with this main activity
Companies with the same profile, two years later
Historical observationIn July 2024, 2,796 companies had the same profile as GRAPHSHOPPER has now. Two years later, 2.1% had gone bankrupt and 90.4% were still going.
- Micro
- 20 years or older
- negative equity
- a small loss
Another 1.4% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of GRAPHSHOPPER itself: 1.0% within 12 months.
Test of the method
The method was tested on the 497,445 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| 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% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 2,796 companies, not a prediction for GRAPHSHOPPER. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,774 | €10,587 | €9,933 | €7,329 | €9,420 | €8,372 | €4,331 | €2,191 | ▼ 49.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | - | €0 | - | - | -€10,133 | €0 | - |
| Other operating charges640/8 | - | - | - | €1,190 | €1,220 | €1,316 | €11,236 | €1,382 | ▼ 87.7% |
| Gross operating margin9900 | €36,676 | €12,957 | -€9,553 | -€4,595 | -€9,971 | -€4,970 | -€1,335 | €1,691 | - |
| Operating profit (loss)9901 | €25,425 | €1,405 | -€30,904 | -€13,114 | -€20,611 | -€14,657 | -€6,768 | -€1,882 | ▲ 72.2% |
| Financial income75/76B | - | - | - | €44 | €0 | €90 | €34 | €0 | ▼ 99.9% |
| Recurring financial income75 | €47 | €95 | €22 | €44 | €0 | €90 | €34 | €0 | ▼ 99.9% |
| Financial charges65/66B | - | - | - | €139 | €107 | €226 | €194 | €192 | ▼ 0.8% |
| Recurring financial charges65 | €280 | €297 | €221 | €139 | €107 | €226 | €194 | €192 | ▼ 0.8% |
| Profit (loss) for the period before taxes9903 | €25,193 | €1,203 | -€31,102 | -€13,209 | -€20,718 | -€14,792 | -€6,928 | -€2,074 | ▲ 70.1% |
| Income taxes67/77 | €219 | €154 | €1,275 | -€951 | €190 | €0 | €415 | €217 | ▼ 47.7% |
| Profit (loss) for the period9904 | €24,974 | €1,048 | -€32,377 | -€12,257 | -€20,908 | -€14,792 | -€7,342 | -€2,291 | ▲ 68.8% |
| Transfer from tax-exempt reserves789 | - | - | - | €0 | - | - | - | - | - |
| Profit (loss) for the period to be appropriated9905 | €24,974 | €1,048 | -€23,877 | -€12,257 | -€20,908 | -€14,792 | -€7,342 | -€2,291 | ▲ 68.8% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €63,864 | €65,385 | €44,223 | €47,844 | €50,067 | €38,241 | €28,483 | €33,099 | ▲ 16.2% |
| Formation expenses20 | €0 | €0 | €0 | - | - | - | - | - | - |
| Fixed assets21/28 | €40,946 | €46,426 | €37,874 | €39,597 | €31,051 | €23,251 | €19,345 | €17,154 | ▼ 11.3% |
| Intangible fixed assets21 | €655 | €650 | €191 | €459 | €727 | €805 | €346 | €78 | ▼ 77.5% |
| Tangible fixed assets22/27 | €40,291 | €45,776 | €37,683 | €39,138 | €30,324 | €22,446 | €18,999 | €17,076 | ▼ 10.1% |
| Land and buildings22 | - | - | - | €29,769 | €24,073 | €19,425 | €17,959 | €16,493 | ▼ 8.2% |
| Plant, machinery and equipment23 | - | - | - | €4,057 | €2,842 | €1,628 | €626 | €312 | ▼ 50.2% |
| Furniture and vehicles24 | - | - | - | €5,312 | €3,409 | €1,394 | €415 | €272 | ▼ 34.5% |
| Financial fixed assets28 | €0 | €0 | €0 | - | - | - | - | - | - |
| Current assets29/58 | €22,918 | €18,959 | €6,349 | €8,247 | €19,016 | €14,990 | €9,138 | €15,945 | ▲ 74.5% |
| Stocks and contracts in progress3 | €0 | €0 | €0 | - | - | - | - | - | - |
| Amounts receivable within one year40/41 | €21,245 | €16,534 | €3,851 | €4,516 | €18,226 | €11,317 | €6,040 | €13,763 | ▲ 128% |
| Trade receivables40 | - | - | - | €4,516 | €15,400 | €9,012 | €2,873 | €11,108 | ▲ 287% |
| Other amounts receivable41 | - | - | - | €0 | €2,826 | €2,305 | €3,167 | €2,655 | ▼ 16.2% |
| Current investments50/53 | €0 | €0 | €0 | - | - | - | - | - | - |
| Cash at bank and in hand54/58 | €1,673 | €2,425 | €2,498 | €3,731 | €313 | €2,510 | €2,053 | €1,059 | ▼ 48.4% |
| Deferred charges and accrued income490/1 | - | - | - | - | €476 | €1,163 | €1,045 | €1,123 | ▲ 7.5% |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €63,864 | €65,385 | €44,223 | €47,844 | €50,067 | €38,241 | €28,483 | €33,099 | ▲ 16.2% |
| Equity10/15 | €62,833 | €61,080 | €28,702 | €16,445 | -€4,463 | -€19,256 | -€26,598 | -€28,889 | ▼ 8.6% |
| Contributions10/11 | €50,000 | €50,000 | - | €50,000 | €50,000 | €50,000 | €50,000 | €50,000 | = |
| Reserves13 | €20,870 | €13,500 | €5,000 | €5,000 | €5,000 | €5,000 | €5,000 | €5,000 | = |
| Non-distributable reserves130/1 | - | - | - | €5,000 | €5,000 | €0 | - | - | - |
| Reserves not available under the articles1311 | - | - | - | €5,000 | €5,000 | €0 | - | - | - |
| Distributable reserves133 | - | - | - | - | - | €5,000 | €5,000 | €5,000 | = |
| Profit (loss) carried forward14 | -€8,037 | -€2,420 | -€26,298 | -€38,555 | -€59,463 | -€74,256 | -€81,598 | -€83,889 | ▼ 2.8% |
| Amounts payable17/49 | €1,031 | €4,305 | €15,520 | €31,399 | €54,530 | €57,497 | €55,080 | €61,988 | ▲ 12.5% |
| Amounts payable after more than one year17 | - | - | - | - | - | €50,000 | €50,000 | €50,000 | = |
| Financial debts170/4 | - | - | - | - | - | €50,000 | €50,000 | €50,000 | = |
| Amounts payable within one year42/48 | €1,031 | €4,305 | €15,520 | €31,399 | €54,530 | €7,497 | €5,080 | €11,988 | ▲ 136% |
| Trade debts44 | €650 | €440 | €1,215 | €496 | €6,016 | €2,934 | €2,980 | €1,958 | ▼ 34.3% |
| Suppliers440/4 | - | - | - | €496 | €6,016 | €2,934 | €2,980 | €1,958 | ▼ 34.3% |
| Taxes, remuneration and social security45 | - | - | - | €353 | €190 | €0 | €207 | €1,305 | ▲ 531% |
| Taxes450/3 | - | - | - | €353 | €190 | €0 | €207 | €1,305 | ▲ 531% |
| Other amounts payable47/48 | - | - | - | €30,550 | €48,324 | €4,562 | €1,894 | €8,725 | ▲ 361% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €24,974 | €1,048 | -€32,377 | -€12,257 | -€20,908 | -€14,792 | -€7,342 | -€2,291 | ▲ 68.8% |
| + Depreciation and write-downs630 | €9,774 | €10,587 | €9,933 | €7,329 | €9,420 | €8,372 | €4,331 | €2,191 | ▼ 49.4% |
| Operating cash flow (approximation) | €34,749 | €11,636 | -€22,444 | -€4,928 | -€11,488 | -€6,421 | -€3,012 | -€100 | ▲ 96.7% |
| Investment in fixed assets (approximation) | - | -€16,067 | -€1,382 | -€9,052 | -€874 | -€572 | -€424 | €0 | - |
| Change in cash | - | €752 | €73 | €1,233 | -€3,418 | €2,197 | -€457 | -€994 | ▼ 118% |
A Belgian filing has no cash-flow statement. These rows are therefore an approximation, derived from the income statement and the balance-sheet moves.
Latest 10 of 22 filings with the National Bank
| Financial year | Type | Filed | Reference | Document |
|---|---|---|---|---|
| 31-12-2025 | micro format | 31-08-2026 | 2026-00502205 | NBB |
| 31-12-2024 | micro format | 29-08-2025 | 2025-00472572 | |
| 31-12-2023 | micro format | 29-08-2024 | 2024-00435652 | |
| 31-12-2022 | micro format | 31-08-2023 | 2023-00428338 | |
| 31-12-2021 | micro format | 30-09-2022 | 2022-20447847 | |
| 31-12-2020 | micro format | 25-08-2021 | 2021-54200167 | |
| 31-12-2019 | micro format | 30-07-2020 | 2020-37200397 | |
| 31-12-2018 | micro format | 30-08-2019 | 2019-58200087 | |
| 31-12-2017 | micro format | 11-07-2018 | 2018-32800565 | |
| 31-12-2016 | micro format | 31-07-2017 | 2017-39500381 |
Board & ownership
Directors
Owners and capital
Shareholders
- SCHOLLAERT, Peter Dominique 49 shares
- VAN DE WALLE, Nancy Laura Prosper 49 shares
- SCHOLLAERT, Flo Alice Jean 2 shares
Capital transactions
- 26-09-2023 Converted to unavailable equity
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| VAN DE WALLE, Nancy Laura Prosper |
|
| Schollaert Peter |
|
Articles of association
Board and representation
- Board ruleThese rules set how the board is made up, meets and takes decisions.
- “Bestuursorgaan, natuurlijke personen of rechtspersonen,al dan niet aandeelhouder”
Capital, shares and profit
- Kind of sharesThe articles set which classes of shares exist and what rights each class carries.
- “Op naam, register van aandelen op naam”
- Transfer restrictionThis rule says whether shareholders may sell their shares freely or need approval first.
- “Voor helft ten laste overdrager en helft ten laste koper(s) naar evenredigheid aantal aandelen, elke overdracht onder levenden ten…”
Audit, dissolution and liquidation
- Dissolution ruleThe articles set when and by whom the company can be dissolved.
- “Vormen vereist voor statutenwijziging, op elk moment”
Articles of association, deed of 26-09-2023 (in Dutch)
Network & group
GRAPHSHOPPER shares no director with another company.
Connections & network
1 current directorThe network starts from the directors of GRAPHSHOPPER. Every other company they run is a node.
Timeline
Acts, filings and financial milestones
26-09
Gazette deed
Purpose · Amendment of the articles · Legal-form change · MiscellaneousAppointment: VAN DE WALLE, Nancy Laura Prosper (director) · Incorporation · Shareholding14 points ▸
- General meeting, 13-09-2023
- Incorporation, 11-09-2003
- Other provision, “statuten ongewijzigd sinds oprichting” (deed in Dutch)
- SCHOLLAERT, Peter Dominique holds 49 shares
- VAN DE WALLE, Nancy Laura Prosper holds 49 shares
- SCHOLLAERT, Flo Alice Jean holds 2 shares
- Capital, mentioned 2 times in the deed
- Director appointment, VAN DE WALLE, Nancy Laura Prosper (director)
- Amendment of the articles, mentioned 3 times in the deed
- Capital conversion, “statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Reserve release, “opheffen, statutair onbeschikbare eigen vermogensrekening” (deed in Dutch)
- Approval, “bijzonder verslag bestuursorgaan, artikel 5:101 WVV” (deed in Dutch)
- The act holds 2 more points.
23-08
Gazette deed
Resignation: Schollaert Peter (director)Appointment: Van De Walle Nancy (director)4 points ▸
- General meeting, 03-07-2023
- Director resignation, Schollaert Peter (director)
- Other provision, “kwijting bestuurder, eerstvolgende jaarlijkse algemene vergadering van aandeelhouders” (deed in Dutch)
- Director appointment, Van De Walle Nancy (director)
Sources:Publications in the Belgian Official GazetteFilings with the National Bank
History
Company details
Register details
Identity
KBO recordRegistered office and establishments
Activities
NACEBEL 20258 activities
- Het voeren van grafische activiteiten, met name het grafisch ontwerp, het drukken door middel van offset, fotogravure, flexografie, zeefdruk of andere drukpersen, duplicators, computerprinters, printinstallaties, foto of thermokopieerapparaten, en dergelijke meer
- Het voeren van fotografische activiteiten, waaronder het maken van foto’s voor bedrijven en particulieren
- Het voeren van multi-media activiteiten, web-design
- Het voeren van activiteiten als illustrator voor boeken, stripverhalen en brochures
- (Overige) activiteiten van gespecialiseerde designers
- Het voeren van activiteiten in het reclamewezen, waaronder publiciteitsagentschap voor het ontwerpen en voeren van reclame- en promotiecampagnes voor derden via verschillende media, het ontwerpen van buitenreclame, het ontwerpen van publicitaire teksten en slogans (copywriter), het ontwerpen van publicitaire artikelen, het concipiëren van reclametechnieken die ernaar streven de individuele consument te benaderen door middel van geadresseerde reclame
- Het organiseren en ter beschikking stellen van administratieve ondersteuning van ondernemingen uit de vrije beroepswereld, met inbegrip van de nodige roerende en onroerende infrastructuur, alsmede bedrijfsbegeleiding als studiebureau voor deze ondernemingen
- Het huren, verhuren, kopen, verkopen of anderszins ter beschikking stellen van onroerende goederen, alle nutsvoorzieningen en bovenvermelde ondersteunende dienstverlening inde meeste uitgebreide zin, met uitsluiting van de activiteiten voorbehouden aan een erkend vastgoedmakelaar en aan handelaars
Invoicing and payment
Financial year and general meeting
Accounts at the NBBSites & property
1 establishment unit
Buildings and parcels at the address
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 42303F1098/00R002 | Flanders | 316 m² | 1 · 79 m² | 10.1 m · 2 |