M GRAPHICS
ActiveSummary
The computed 12-month bankruptcy probability of M GRAPHICS is 6.0% (elevated). For M GRAPHICS, at least two filing cycles of the annual accounts are missing. The 2021 annual accounts show negative equity (-€33,163) and a net result of -€1,912. Equity is shrinking by ~5.4% per year across the filed fiscal years. Its solvency ranks better than 5% of 1082 sector peers (fiscal year 2021). The company has been active since 1993 and the Belgian State Gazette contains no insolvency signals. The CBE does carry 1 administrative register entry (see administrative flags).
Checked score
No current score
Figures too old
The available figures for FY 2021 are too old to assess current financial health.
Bankruptcy probability: Elevated
Filing: At least two filing cycles are missing
Axes, FY 2021 · tick = 2020
Profitability0=
Solvency0=
Growth32=
Track record92
Bankruptcy probability, 12 months
6.0%
Elevated
0%0.5%1.5%4%10%≥ 25%
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Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Nine signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2021Age of the figures
Age of the figures
57 mo
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
Printing and reproduction of recorded media (NACE 18)
about 11% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2022, 4 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 10 filingsPosition against the passed deadline
31-12-2022 close31-07-2023 deadline28-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2021 was due by 31-07-2022 and was filed on 29-06-2022, 32 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
not filed
2021
32 d early
2020
31 d late
2019
54 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 3 accounts on average 18 days after the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 38% of the sector filed late.
raises risk · Administrative warnings in the KBO publications
1 publication by the FPS Economy about this company, such as a strike-off for address, accounts or UBO, or its withdrawal.
KBO publicationsPublications
Late accounts filing
History
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Financials · fiscal year 2021, micro schema
Equity
-€33,163▼ 6.1%
2020 · -€31,251
Total assets
€343▼ 68.6%
2020 · €1,095
Net result
-€1,912▲ 29.9%
2020 · -€2,727
Working capital
-€33,163▼ 5.4%
2020 · -€31,451
Trend over the years
Click a name to add, emphasise or remove a line.Band: 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.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2018201920202021
Operating result-€495-€947-€2,369-€1,761▲ 25.7%
Net result-€821-€626-€2,727within the sector's middle half-€1,912within the sector's middle half▲ 29.9%
Equity-€29,150--€28,524▲ 2.1%-€31,251below the sector's middle half▼ 9.6%-€33,163below the sector's middle half▼ 6.1%
Total assets€1,104-€2,789▲ 153%€1,095below the sector's middle half▼ 60.7%€343below the sector's middle half▼ 68.6%
Debt€30,253-€31,313▲ 3.5%€32,346▲ 3.3%€33,507▲ 3.6%
Working capital-€29,150--€28,924▲ 0.8%-€31,451below the sector's middle half▼ 8.7%-€33,163below the sector's middle half▼ 5.4%
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 micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €1,761 in 2021 against €2,369 in 2020; the loss shrinks.
Key figures and ratios
Debt ≤ 1 year
€33,507▲
2020 · €32,346
Ratios withheld: a balance sheet total of €343 is too small for a meaningful ratio.
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | - | €200 | €200 | - | - |
| Other operating charges640/8 | - | - | - | €601 | - |
| Gross operating margin9900 | -€148 | €1,494 | -€1,822 | -€1,160 | ▲ 36.3% |
| Operating profit (loss)9901 | -€495 | €947 | -€2,369 | -€1,761 | ▲ 25.7% |
| Recurring financial income75 | - | - | €1 | - | - |
| Financial charges65/66B | - | - | - | €151 | - |
| Recurring financial charges65 | €326 | €321 | €359 | €151 | ▼ 58.0% |
| Profit (loss) for the period before taxes9903 | -€821 | €626 | -€2,727 | -€1,912 | ▲ 29.9% |
| Profit (loss) for the period9904 | -€821 | €626 | -€2,727 | -€1,912 | ▲ 29.9% |
| Profit (loss) for the period to be appropriated9905 | -€821 | €626 | -€2,727 | -€1,912 | ▲ 29.9% |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €1,104 | €2,789 | €1,095 | €343 | ▼ 68.6% |
| Fixed assets21/28 | - | €400 | €200 | - | - |
| Tangible fixed assets22/27 | - | €400 | €200 | - | - |
| Current assets29/58 | €1,104 | €2,389 | €895 | €343 | ▼ 61.6% |
| Amounts receivable within one year40/41 | €1,104 | €2,389 | €269 | - | - |
| Cash at bank and in hand54/58 | - | - | €626 | €343 | ▼ 45.2% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €1,104 | €2,789 | €1,095 | €343 | ▼ 68.6% |
| Equity10/15 | -€29,150 | -€28,524 | -€31,251 | -€33,163 | ▼ 6.1% |
| Contributions10/11 | €18,592 | €18,592 | - | €18,592 | - |
| Reserves13 | €1,859 | €1,859 | €1,859 | €1,859 | = |
| Non-distributable reserves130/1 | - | - | - | €1,859 | - |
| Reserves not available under the articles1311 | - | - | - | €1,859 | - |
| Profit (loss) carried forward14 | -€49,601 | -€48,975 | -€51,703 | -€53,614 | ▼ 3.7% |
| Amounts payable17/49 | €30,253 | €31,313 | €32,346 | €33,507 | ▲ 3.6% |
| Amounts payable within one year42/48 | €30,253 | €31,313 | €32,346 | €33,507 | ▲ 3.6% |
| Trade debts44 | €566 | €61 | - | €781 | - |
| Suppliers440/4 | - | - | - | €781 | - |
| Other amounts payable47/48 | - | - | - | €32,726 | - |
| Line | 2018 | 2019 | 2020 | 2021 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€821 | €626 | -€2,727 | -€1,912 | ▲ 29.9% |
| + Depreciation and write-downs630 | - | €200 | €200 | - | - |
| Operating cash flow (approximation) | -€821 | €826 | -€2,527 | -€1,912 | ▲ 24.4% |
| Investment in fixed assets (approximation) | - | - | €0 | - | - |
| Change in cash | - | - | - | -€283 | - |
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
2026
28-08
KBO administration
Late accounts filing
event 18-08-2026
2022
29-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 31 days late
2020
31-12
Financial
Weakest financial yearnet -€2,727
Net result drops to -€2,727, the lowest in the series; recovery starts the following year.
23-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 54 days late
2019
31-12
Financial
Back to profitnet €626
Net result €626 after one loss-making year.
19-06
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
04-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
06-09
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 37 days late
2016
21-09
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 52 days late
2015
24-08
NBB filing
Annual accounts filed
fiscal year 2014 · full schema · 24 days late
2014
29-08
NBB filing
Annual accounts filed
fiscal year 2013 · full schema · 29 days late
2013
17-10
NBB filing
Annual accounts filed
fiscal year 2012 · full schema · 78 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Seraing · 1 establishment unit since 1993
Ground area
921 m²
Building footprint
102 m²
Volume, LiDAR
919 m³
2 parcels, Wallonia · tallest building 11.1 m, ±3 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
Chaussée de Wavre 136, 1390 Grez-Doiceau
since 19932.060.839.432
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25001B0048/00A002 | Wallonia | 845 m² | 1 · 57 m² | 10.0 m · 3 fl. |
| 62352E0110/00P044 | Wallonia | 76 m² | 1 · 44 m² | 11.1 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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This company's figures show no positive equity and no headcount, so a size comparison is not possible. These companies share only the sector and the region. Of 2,856 companies in sector 18130 we hold annual accounts for 832. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company (pre-2019)
Founded10-02-1993
Fiscal year end31-12
Activities, NACEBEL 2025
18130Pre-press and pre-media services
47400Retail sale of information and communication equipment
E-invoicing
Not found in the Peppol register
No Peppol card under this enterprise or VAT number. That proves nothing: publishing a card is voluntary.
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If you follow this company, Checked tells you the day it appears in the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.