LETTERFEELING
InactiveSignals
1 signal. The signal on the left, the evidence on the right.
○neutral
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 14-05-2026, 78 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
78 d early
2024
43 d early
2023
1 d early
2022
7 d late
2021
6 d late
2020
2 d late
2019
63 d late
← 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 6 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 (1)
History
Go further with this company
Who ran this company, and where was it based, on a date before the end?Company as of a date How is the Pre-press and pre-media services sector doing?Sector figures
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, abbreviated schema
Source amounts without an identifiable currency are assumed to be EUR.
Equity
€29,467▲ 109%
2024 · €14,114
Total assets
€82,115▲ 4.5%
2024 · €78,548
Net result
€15,353
2024 · -€14,672
Working capital
€8,502
2024 · -€6,533
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 18, Printing and reproduction of recorded media, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€12,794-€25,383€11,956-€10,985€18,504
Net result€10,304within the sector's middle half-€26,754below the sector's middle half€9,752within the sector's middle half-€14,672below the sector's middle half€15,353within the sector's middle half
Equity€45,788below the sector's middle half▲ 29.0%€19,034below the sector's middle half▼ 58.4%€28,786below the sector's middle half▲ 51.2%€14,114below the sector's middle half▼ 51.0%€29,467within the sector's middle half▲ 109%
Total assets€83,959below the sector's middle half▲ 4.0%€99,269below the sector's middle half▲ 18.2%€83,355below the sector's middle half▼ 16.0%€78,548below the sector's middle half▼ 5.8%€82,115below the sector's middle half▲ 4.5%
Debt€38,171▼ 31.6%€80,235▲ 110%€54,569▼ 32.0%€64,434▲ 18.1%€52,649▼ 18.3%
Working capital€43,712within the sector's middle half▲ 106%€10,782within the sector's middle half▼ 75.3%€5,253within the sector's middle half▼ 51.3%-€6,533within the sector's middle half€8,502within the sector's middle half
Solvency54.5%within the sector's middle half▲ 10.6pp19.2%within the sector's middle half▼ 35.4pp34.5%within the sector's middle half▲ 15.4pp18.0%within the sector's middle half▼ 16.6pp35.9%within the sector's middle half▲ 17.9pp
Current ratio2.15within the sector's middle half▲ 0.761.18within the sector's middle half▼ 0.971.10within the sector's middle half▼ 0.080.88below the sector's middle half▼ 0.221.17within the sector's middle half▲ 0.28
Return on assets (ROA)12.3%above the sector's middle half▲ 39.3pp-27.0%below the sector's middle half▼ 39.2pp11.7%above the sector's middle half▲ 38.6pp-18.7%below the sector's middle half▼ 30.4pp18.7%above the sector's middle half▲ 37.4pp
Staff (FTE)0below the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 18, Printing and reproduction of recorded media, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €18,504 after a loss of €10,985 in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €82,115
Fixed assets
€22,880 ▼ 21.9%
Current assets
€59,236 ▲ 20.3%
Equity and liabilities €82,115
Equity
€29,467 ▲ 109%
Debt
€52,649 ▼ 18.3%
Debt's share of the balance-sheet total falls from 82.0% to 64.1%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€24,922▲
2024 · -€7,790
Cash flow
€21,771▲
2024 · -€11,476
Quick ratio
0.75▼
2024 · 0.81
Debt to equity
1.79▼
2024 · 4.57
ROE
52.1%▲
2024 · -104.0%
Interest coverage
29.23▲
2024 · -2.29
Debt ≤ 1 year
€50,733▼
2024 · €55,782
Debt > 1 year
€1,915▼
2024 · €8,117
Income taxes
€2,298▲
2024 · €284
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €4,506 | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €2,206 | €3,768 | €2,990 | €3,196 | €6,419 | ▲ 101% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €581 | €536 | €0 | ▼ 100% |
| Other operating charges640/8 | €934 | €485 | €2,444 | €924 | €895 | ▼ 3.1% |
| Non-recurring operating charges66A | - | - | - | €12,554 | €0 | ▼ 100% |
| Gross operating margin9900 | €15,935 | -€21,129 | €17,971 | €6,225 | €25,817 | ▲ 315% |
| Operating profit (loss)9901 | €12,794 | -€25,383 | €11,956 | -€10,985 | €18,504 | ▲ 268% |
| Financial income75/76B | €36 | €0 | €436 | €1 | €0 | ▼ 100% |
| Recurring financial income75 | €36 | €0 | €436 | €1 | €0 | ▼ 100% |
| Financial charges65/66B | €653 | €1,371 | €2,447 | €3,403 | €853 | ▼ 74.9% |
| Recurring financial charges65 | €653 | €1,371 | €2,447 | €3,403 | €853 | ▼ 74.9% |
| Profit (loss) for the period before taxes9903 | €12,178 | -€26,754 | €9,944 | -€14,387 | €17,651 | ▲ 223% |
| Income taxes67/77 | €1,874 | - | €193 | €284 | €2,298 | ▲ 708% |
| Profit (loss) for the period9904 | €10,304 | -€26,754 | €9,752 | -€14,672 | €15,353 | ▲ 205% |
| Profit (loss) for the period to be appropriated9905 | €10,304 | -€26,754 | €9,752 | -€14,672 | €15,353 | ▲ 205% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €83,959 | €99,269 | €83,355 | €78,548 | €82,115 | ▲ 4.5% |
| Fixed assets21/28 | €2,206 | €28,338 | €25,348 | €29,298 | €22,880 | ▼ 21.9% |
| Tangible fixed assets22/27 | €2,206 | €28,338 | €25,348 | €29,298 | €22,880 | ▼ 21.9% |
| Plant, machinery and equipment23 | €2,206 | €28,338 | €25,348 | €29,298 | €22,880 | ▼ 21.9% |
| Current assets29/58 | €81,753 | €70,931 | €58,006 | €49,250 | €59,236 | ▲ 20.3% |
| Stocks and contracts in progress3 | €1,753 | €2,154 | €2,154 | €4,317 | €21,267 | ▲ 393% |
| Stocks30/36 | €1,753 | €2,154 | €2,154 | €4,317 | €21,267 | ▲ 393% |
| Amounts receivable within one year40/41 | €70,236 | €64,362 | €47,741 | €31,468 | €32,704 | ▲ 3.9% |
| Trade receivables40 | €70,172 | €63,135 | €47,517 | €29,522 | €30,759 | ▲ 4.2% |
| Other amounts receivable41 | €64 | €1,227 | €224 | €1,946 | €1,946 | = |
| Cash at bank and in hand54/58 | €7,392 | €2,241 | - | €6,968 | €0 | ▼ 100% |
| Deferred charges and accrued income490/1 | €2,372 | €2,175 | €8,111 | €6,496 | €5,264 | ▼ 19.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €83,959 | €99,269 | €83,355 | €78,548 | €82,115 | ▲ 4.5% |
| Equity10/15 | €45,788 | €19,034 | €28,786 | €14,114 | €29,467 | ▲ 109% |
| Contributions10/11 | €18,592 | €18,592 | €18,592 | €18,592 | €18,592 | = |
| Reserves13 | €8,669 | €8,669 | €8,669 | €8,669 | €10,875 | ▲ 25.4% |
| Non-distributable reserves130/1 | €263 | €263 | - | - | - | - |
| Reserves not available under the articles1311 | €263 | €263 | - | - | - | - |
| Tax-exempt reserves132 | €8,406 | €8,406 | €8,406 | €8,406 | €8,406 | = |
| Distributable reserves133 | - | - | €263 | €263 | €2,468 | ▲ 840% |
| Profit (loss) carried forward14 | €18,527 | -€8,227 | €1,525 | -€13,147 | €0 | ▲ 100% |
| Amounts payable17/49 | €38,171 | €80,235 | €54,569 | €64,434 | €52,649 | ▼ 18.3% |
| Amounts payable after more than one year17 | - | €19,498 | €1,815 | €8,117 | €1,915 | ▼ 76.4% |
| Financial debts170/4 | - | €19,498 | €1,815 | €8,117 | €1,915 | ▼ 76.4% |
| Amounts payable within one year42/48 | €38,041 | €60,149 | €52,754 | €55,782 | €50,733 | ▼ 9.1% |
| Current portion of amounts payable after more than one year42 | - | €5,789 | €5,575 | €5,806 | €6,265 | ▲ 7.9% |
| Financial debts43 | - | - | €2,051 | - | €7 | - |
| Credit institutions430/8 | - | - | €2,051 | - | €7 | - |
| Trade debts44 | €12,472 | €27,717 | €20,038 | €22,559 | €18,186 | ▼ 19.4% |
| Suppliers440/4 | €12,472 | €27,717 | €20,038 | €22,559 | €18,186 | ▼ 19.4% |
| Taxes, remuneration and social security45 | €10,389 | €5,520 | €3,649 | €5,542 | €4,406 | ▼ 20.5% |
| Taxes450/3 | €9,158 | €3,250 | €3,649 | €5,542 | €4,406 | ▼ 20.5% |
| Remuneration and social security454/9 | €1,231 | €2,270 | - | - | - | - |
| Other amounts payable47/48 | €15,180 | €21,123 | €21,441 | €21,876 | €21,869 | = |
| Accrued charges and deferred income492/3 | €131 | €588 | - | €534 | €0 | ▼ 100% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €10,304 | -€26,754 | €9,752 | -€14,672 | €15,353 | ▲ 205% |
| + Depreciation and write-downs630 | €2,206 | €3,768 | €2,990 | €3,196 | €6,419 | ▲ 101% |
| Operating cash flow (approximation) | €12,510 | -€22,986 | €12,742 | -€11,476 | €21,771 | ▲ 290% |
| Investment in fixed assets (approximation) | - | -€29,900 | €0 | -€7,146 | €0 | ▲ 100% |
| Change in cash | - | -€5,152 | - | - | -€6,968 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
12-08
State Gazette act
Restructuring · End & cessationMerger · Declaration · Dissolution5 facts ▸
State Gazette act
Restructuring · End & cessation
Merger · Declaration · Dissolution5 facts ▸
- General meeting, 29-06-2026
- Merger, met fusie gelijkgestelde overname, buitengewone algemene vergadering van de overnemende vennootschap neemt overeenstemmende besluiten
- Declaration, ontvangst fusievoorstel, minstens één maand vóór vergadering
- Declaration, verzaking tussentijdse cijfers, artikel 12:51 §2, 4°, laatste lid WVV
- Dissolution, ontbinding zonder vereffening, overname door ARISCO
22-05
State Gazette act
RestructuringMerger · Accounting effect · Real estate5 facts ▸
State Gazette act
Restructuring
Merger · Accounting effect · Real estate5 facts ▸
- Merger, gehele vermogen van BV LETTERFEELING door NV ARISCO, 20-04-2026
- Accounting effect, 01-01-2026
- Other statement, effecten van over te nemen vennootschap
- Other statement, bijzondere voordelen aan leden van bestuursorganen van te fuseren vennootschappen
- Real estate
14-05
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
2025
31-12
Financial
Back to profitnet €15,353
Net result €15,353 after one loss-making year.
18-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Back to profitnet €9,752
Net result €9,752 after one loss-making year.
07-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 7 days late
2022
31-12
Financial
Weakest financial yearnet -€26,754
Net result drops to -€26,754, the lowest in the series.
06-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 6 days late
2021
31-12
Financial
Back to profitnet €10,304
Net result €10,304 after 3 loss-making years.
02-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 2 days late
Show earlier events
2020
02-10
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 63 days late
2019
29-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 29 days late
2018
25-06
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
22-06
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
2 of 6 acts read
About the unread acts
Of the 6 Belgian State Gazette acts we know for this company, 2 have been read. The other 4 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
No directors read yet: 2 of 6 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Halle
Ground area
401 m²
Building footprint
93 m²
Parcel 23027F0132/00V000, Flanders. Linked by address, not a title deed.
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23027F0132/00V000 | Flanders | 401 m² | 1 · 93 m² | - |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Articles of association
Purpose
Zeefdruk; Het ontwerpen,ondernemen en uitvoeren van publiciteit,ontwerpen en plaatsen van uitstalramen en decors,plaatsingen informatiekantoor. De groot- en kleinhandel in teken en…
Full purpose (13 activities)
- Zeefdruk.
- Het ontwerpen,ondernemen en uitvoeren van publiciteit,ontwerpen en plaatsen van uitstalramen en decors,plaatsingen informatiekantoor. De groot- en kleinhandel in teken en ontwerpmateriaal.
- Het ontwerpen,de redactie,de uitgave,en de verkoop van dag-,week- en vakbladen en tijdschriften.
- De vennootschap kan overgaan tot alle handelsverrichtingen,nijverheidsverrichtingen,financiële en onroerende verrichtingen,zo voor eigen rekening als voor rekening van derden,die van aard zijn de verwezenlijking van haarvoorwerp rechtstreeks of onrechtstreeks te bevorderen,dit zowel in België als in het buitenland.
- Zij zal door alle middelen mogen samenwerken met of deelnemen aan alle ondernemingen of vennootschappen,die eenzelfde,een gelijkaardig of aanverwant doel nastreven,of die van aard zijn grondstoffen te verschaffen of de afzet van haar producten te vergemakkelijken.
- Deze deelneming kan geschieden door inschrijving op of overname van aandelen,inbreng,fusie,opslorping,splitsing of op welke wijze ook.
- Schoonmaakbedrijf in het algemeen
- Algemene reiniging van gebouwen;
- Overige reiniging van gebouwen en industriële reiniging;
- Gevelreiniging en dakreiniging door middel van zandstralen,met behulp van stoom enzovoort;
- Schilderwerken,zowel binnen- als buitenschilderwerk van gebouwen;
- Schilderen van gebouwen;
- Toestaan van leningen aan derden in de meest ruime zin van het woord.
Accounting effect
01-01-2026
Structure & network
Connections & network
No current directors or connected companies found in the register.
Acquisitions and mergers
1 transactionTaken over by:ARISCO
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Company details
Identification
Legal formPrivate limited company
Founded13-02-1989
Fiscal year end31-12
Activities, NACEBEL 2025
18130Pre-press and pre-media services
46492Wholesale trade
47621Retail sale of newspapers and periodicals
E-invoicing
Reachable via Peppol
Peppol ID
0208:0436802381
Registered
21-11-2025
The company is no longer active; its Peppol card can remain until its access point withdraws it.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.