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ILLUSTRATION

Active
Private limited companyfounded 200125 yrs activeTorremolenstraat 2, 8740 Pittem, BelgiumKBO/BCE: BE 0475.662.759
Summary

ILLUSTRATION has been active since 2001 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €46,357 and a net result of €24,510. Equity remains stable across the filed fiscal years (±0.3% per year). Its solvency ranks better than 69% of 1041 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Overview

What they do
Other printing
NACE 18120Manufacture of rubber and plastic products NACE 22220
1 site
How big
€65,589total assets 2025
Equity
€46,357
Profit
€24,510
Turnover not published (abridged schema)
Financially healthy?
98 Excellent Checked score 2025
Bankruptcy chance 12 m
0.1%
Who decides
Board
1 member
Accounts 79 d early2 of 3 deeds read
Why 98- Sector Printing and reproduction of recorded media (NACE 18)+ Liquidity: current ratio 2.37, cash €35,857+ Equity €46,357 (70.7% of total assets)+ Founded in 2001Show the evidence

Checked score

Score 2025
98 / 100
Excellent
Probability in this band: under 0.55%
Better than 86% of its sector peers (NACE 18, micro)
Performance against the sector, not lower risk
Financial strength · tick = 2024
Strong
Solvency 96+26
equity 70.7% of total assets
Liquidity 89+27
short-term debt 27.9% · cash 54.7%
Profitability 100=
return on assets 37.4%
Bankruptcy probability, 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.3% (1,603 companies)
  • Liquidity: current ratio 2.37, cash €35,857 lowers the probability
  • Equity €46,357 (70.7% of total assets) lowers the probability
  • Founded in 2001 lowers the probability for this profile
  • Sector Printing and reproduction of recorded media (NACE 18) raises the probability
Credit up to €4,500 at 30 days acceptable
Liquidity ample (current ratio 2.37 against 0.94 in 2024; short-term debt: 27.9% and cash: 54.7% of total assets), and 29.3% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 18, micro). Better than this share of them on solvency 71%, liquidity 83%, profitability 94%, growth against the median 94%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610020317, computed on 02-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Liquidity: current ratio 2.37, cash €35,857
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
lowers risk · Equity €46,357 (70.7% of total assets)
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
lowers risk · Founded in 2001
In the bankruptcy model this factor lowers the probability for this profile.
KBO
raises risk · Sector Printing and reproduction of recorded media (NACE 18)
In the bankruptcy model this factor raises the probability.
KBO
lowers risk · Growing equity
Reported equity is higher than in 2023 and did not fall compared with 2024. These amounts do not establish the cause of the change.
NBB · annual accounts 2025
Equity per financial year
1819202122232425
2018 to 2025 · latest year €46,357
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 13-05-2026, 79 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
79 d early
2024
72 d early
2023
71 d early
2022
89 d early
2021
67 d early
2020
65 d early
2019
72 d early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

This company filed its last 7 accounts on average 74 days before the deadline; the sector median for financial year 2024 is 5 days before the deadline, and 38% of the sector filed late.

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. Usually files around 20 May (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
02-10-2026 today31-12-2026 close31-07-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Appointment: Praewpan Bootkot (non-statutory director)State Gazette act
  2. Annual accounts filedfiscal year 2025 · micro…
  3. PurposePurpose change · Power of…

Key points

  • Positive: Always filed on timeaccounts within the deadline every year 8 years View
  • New directorlatest change 01-04-2026 · 1 in office 1 joined View
  • Active since 2001founded 17-09-2001 25 years View

By topic

Financials

Fiscal year
2025
Total assets
€65,589
Profit
€24,510
Solvency
70.7%
Total assets▲ 35.9%
Net result
20182025
Go to Financials

Timeline

Events
18
Since
2017
Next accounts
by 31-07-2027
  1. 31-07-2026Appointment: Praewpan Bootkot (non-statutory director)
  2. 13-05-2026Annual accounts filed
  3. 01-04-2026Purpose
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Other printingNACE 18120
Founded
17-09-2001
Year ends
31-12
Peppol
Reachable for e-invoices
Go to Company details

Articles of association

Provisions read
2
Purpose
Digitaal drukken van alle uitgaven en alle aanverwante verrichtingen; Verzorgen van…
Go to Articles of association

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