P & M GRAFIX
ActiveSummary
For P & M GRAFIX, at least two filing cycles of the annual accounts are missing. The 2023 annual accounts show equity of €171,459 and a net result of -€34,296. Equity is shrinking by ~4.6% per year across the filed fiscal years. Its solvency ranks better than 95% of 2287 sector peers (fiscal year 2023). The company has been active since 1991 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
No current score
Figures too old
The available figures for FY 2023 are too old to assess current financial health.
Filing: At least two filing cycles are missing
Axes, FY 2023 · tick = 2022
Profitability0▼-10
Solvency100=
Growth22▼-39
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
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Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 90
Relative position
BE, all sectors
reference
Arts creation and performing arts activities (NACE 90)
about 58% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
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 2023Solvency, return and age of the figures
Solvency
95.6%
Return on assets
-19.1%
Age of the figures
39 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
raises risk · Two or more financial years not filed
Since the financial year that closed on 30-06-2024, 2 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
30-06-2024 close31-01-2025 deadline30-09-2026 today
neutral · Latest accounts filed on time
The financial year that closed on 30-06-2023 was due by 31-01-2024 and was filed on 30-01-2024, 1 day ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not filed
2024
not filed
2023
1 d early
2022
6 d late
2021
4 d early
2020
75 d early
2019
43 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 5 accounts on average 23 days before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 38% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2023, micro schema
Turnover
€43,354▼ 50.2%
2022 · €87,083
EBIT margin
-77.8%▼ 64.5pp
2022 · -13.3%
Net result
-€34,296▼ 192%
2022 · -€11,764
Working capital
€76,267▼ 27.5%
2022 · €105,164
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
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 90, Arts creation and performing arts activities, 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).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20192020202120222023
Turnover€64,539-€84,236▲ 30.5%€87,083€43,354▼ 50.2%
Operating result-€31,852-€2,203-€5,220-€11,610▼ 122%-€33,745▼ 191%
Net result-€30,330-€3,791within the sector's middle half-€4,781below the sector's middle half-€11,764below the sector's middle half▼ 146%-€34,296below the sector's middle half▼ 192%
EBIT margin-49.4%-2.6%▲ 52.0pp-13.3%-77.8%▼ 64.5pp
Equity€218,508-€222,300above the sector's middle half▲ 1.7%€217,518above the sector's middle half▼ 2.2%€205,755above the sector's middle half▼ 5.4%€171,459above the sector's middle half▼ 16.7%
Total assets€226,936-€231,364within the sector's middle half▲ 2.0%€219,298within the sector's middle half▼ 5.2%€208,350within the sector's middle half▼ 5.0%€179,346within the sector's middle half▼ 13.9%
Debt€8,427-€9,064▲ 7.6%€1,780▼ 80.4%€2,595▲ 45.8%€7,887▲ 204%
Working capital€94,378-€106,744above the sector's middle half▲ 13.1%€109,541above the sector's middle half▲ 2.6%€105,164above the sector's middle half▼ 4.0%€76,267within the sector's middle half▼ 27.5%
Solvency96.3%-96.1%above the sector's middle half▼ 0.2pp99.2%above the sector's middle half▲ 3.1pp98.8%above the sector's middle half▼ 0.4pp95.6%above the sector's middle half▼ 3.2pp
Current ratio12.20-12.78above the sector's middle half▲ 0.5862.55above the sector's middle half▲ 49.7741.53above the sector's middle half▼ 21.0210.67above the sector's middle half▼ 30.85
Return on assets (ROA)-13.4%-1.6%within the sector's middle half▲ 15.0pp-2.2%within the sector's middle half▼ 3.8pp-5.6%below the sector's middle half▼ 3.5pp-19.1%below the sector's middle half▼ 13.5pp
above
within
below
the middle half (P25 to P75) of NACE 90, Arts creation and performing arts activities, 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 €33,745 in 2023 against €11,610 in 2022; the loss grows and 2023 has the lowest result in the available series.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €179,346
Fixed assets
€95,192 ▼ 5.4%
Current assets
€84,154 ▼ 21.9%
Equity and liabilities €179,346
Equity
€171,459 ▼ 16.7%
Debt
€7,887 ▲ 204%
Debt's share of the balance-sheet total rises from 1.2% to 4.4%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
-€24,754▼
2022 · -€2,934
Cash flow
-€25,305▼
2022 · -€3,088
Debt to equity
0.05▲
2022 · 0.01
ROE
-20.0%▼
2022 · -5.7%
Interest coverage
-127.49▼
2022 · -19.11
Debt ≤ 1 year
€7,887▲
2022 · €2,595
Income taxes
€369
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €64,539 | €84,236 | - | €87,083 | €43,354 | ▼ 50.2% |
| Goods, raw materials, services and sundry goods60/61 | - | - | - | €88,835 | €81,206 | ▼ 8.6% |
| Remuneration, social security and pensions62 | - | - | - | €132 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €9,061 | €8,575 | €8,578 | €8,676 | €8,991 | ▲ 3.6% |
| Other operating charges640/8 | - | - | - | €2,409 | €3,388 | ▲ 40.6% |
| Non-recurring operating charges66A | - | - | - | - | €0 | - |
| Gross operating margin9900 | -€21,096 | €13,111 | €5,749 | -€394 | -€21,366 | ▼ 5,326% |
| Operating profit (loss)9901 | -€31,852 | €2,203 | -€5,220 | -€11,610 | -€33,745 | ▼ 191% |
| Financial income75/76B | - | - | - | - | €12 | - |
| Recurring financial income75 | €1,937 | €1,728 | €849 | - | €12 | - |
| Financial charges65/66B | - | - | - | €154 | €194 | ▲ 26.4% |
| Recurring financial charges65 | €330 | €67 | €227 | €154 | €194 | ▲ 26.4% |
| Profit (loss) for the period before taxes9903 | -€30,246 | €3,864 | -€4,599 | -€11,764 | -€33,927 | ▼ 188% |
| Income taxes67/77 | €84 | €72 | €183 | - | €369 | - |
| Profit (loss) for the period9904 | -€30,330 | €3,791 | -€4,781 | -€11,764 | -€34,296 | ▼ 192% |
| Profit (loss) for the period to be appropriated9905 | -€30,330 | €3,791 | -€4,781 | -€11,764 | -€34,296 | ▼ 192% |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €226,936 | €231,364 | €219,298 | €208,350 | €179,346 | ▼ 13.9% |
| Fixed assets21/28 | €124,130 | €115,555 | €107,978 | €100,591 | €95,192 | ▼ 5.4% |
| Tangible fixed assets22/27 | €124,130 | €115,555 | €107,978 | €100,591 | €95,192 | ▼ 5.4% |
| Land and buildings22 | - | - | - | €99,527 | €94,558 | ▼ 5.0% |
| Furniture and vehicles24 | - | - | - | €1,064 | €634 | ▼ 40.4% |
| Current assets29/58 | €102,805 | €115,808 | €111,320 | €107,759 | €84,154 | ▼ 21.9% |
| Amounts receivable within one year40/41 | €91,384 | €88,188 | €45,956 | €21,944 | €29,666 | ▲ 35.2% |
| Trade receivables40 | - | - | - | €0 | €11,589 | - |
| Other amounts receivable41 | - | - | - | €21,944 | €18,076 | ▼ 17.6% |
| Cash at bank and in hand54/58 | €11,421 | €27,620 | €58,051 | €80,682 | €52,802 | ▼ 34.6% |
| Deferred charges and accrued income490/1 | - | - | - | €5,133 | €1,686 | ▼ 67.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €226,936 | €231,364 | €219,298 | €208,350 | €179,346 | ▼ 13.9% |
| Equity10/15 | €218,508 | €222,300 | €217,518 | €205,755 | €171,459 | ▼ 16.7% |
| Contributions10/11 | €992 | €992 | - | €992 | €992 | = |
| Profit (loss) carried forward14 | €217,517 | €221,308 | €216,527 | €204,763 | €170,467 | ▼ 16.7% |
| Amounts payable17/49 | €8,427 | €9,064 | €1,780 | €2,595 | €7,887 | ▲ 204% |
| Amounts payable within one year42/48 | €8,427 | €9,064 | €1,780 | €2,595 | €7,887 | ▲ 204% |
| Trade debts44 | €1,485 | €606 | €0 | €1,419 | €2,291 | ▲ 61.5% |
| Suppliers440/4 | - | - | - | €1,419 | €2,291 | ▲ 61.5% |
| Taxes, remuneration and social security45 | - | - | - | €1,176 | €5,596 | ▲ 376% |
| Taxes450/3 | - | - | - | €1,176 | €5,596 | ▲ 376% |
| Remuneration and social security454/9 | - | - | - | €0 | - | - |
| Line | 2019 | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€30,330 | €3,791 | -€4,781 | -€11,764 | -€34,296 | ▼ 192% |
| + Depreciation and write-downs630 | €9,061 | €8,575 | €8,578 | €8,676 | €8,991 | ▲ 3.6% |
| Operating cash flow (approximation) | -€21,269 | €12,366 | €3,796 | -€3,088 | -€25,305 | ▼ 719% |
| Investment in fixed assets (approximation) | - | €0 | -€1,000 | -€1,288 | -€3,592 | ▼ 179% |
| Change in cash | - | €16,199 | €30,431 | €22,631 | -€27,880 | ▼ 223% |
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
2024
30-01
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-06
Financial
Weakest financial yearnet -€34,296
Net result drops to -€34,296, the lowest in the series.
06-02
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 6 days late
2022
27-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-06
Financial
Liquidity times 5current ratio 62.55
Current ratio from 12.78 to 62.55; short-term debt falls from €9,064 to €1,780.
2020
17-11
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
30-06
Financial
Back to profitnet €3,791
Net result €3,791 after one loss-making year.
2019
19-12
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
06-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
15-12
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2016
18-11
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2015
14-12
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
2014
25-11
NBB filing
Annual accounts filed
fiscal year 2014 · full schema
Financial 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, Nivelles · 1 establishment unit since 2002
Ground area
806 m²
Building footprint
125 m²
Volume, LiDAR
816 m³
Parcel 25782C0404/00Z000, Wallonia · tallest building 8.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Rue de l'Athénée 11, 1400 Nivelles
since 20022.056.366.346
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25782C0404/00Z000 | Wallonia | 806 m² | 1 · 125 m² | 8.4 m · 2 fl. |
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.
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Of 8,314 companies in sector 90201 we hold annual accounts for 603. 463 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formGeneral partnership
Founded19-10-1991
Fiscal year end30-06
Activities, NACEBEL 2025
90201Performing arts by independent artists
E-invoicing
Reachable via Peppol
Peppol ID
0208:0445959577
Also
9925:BE0445959577
Registered
11-02-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 30 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.