PA-PRINT
ActivePA-PRINT has been active since 1999 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €46k and a net result of €4k. Equity is growing by ~33.5% per year across the filed fiscal years. Its solvency ranks better than 26% of 1236 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
61
/ 100
Healthy▼ -20 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability44▼-54
Solvency31▼-10
Growth78=
Stability100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days acceptable
Liquidity tight (current ratio 1.31 against 1.51 in 2023), and 81.2% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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
Sector 18
lower
← 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 2024Solvency, return and age of the figures
Solvency
18.8%
Return on assets
1.6%
Age of the figures
20 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-08-2025, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
31 d late
2023
30 d late
2022
30 d late
2021
31 d late
2020
179 d late
2019
119 d late
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€46k▲ 9.6%
2023 · €42k
2018: €-10k
2019: €-3k
2020: €18k
2021: €27k
2022: €34k
2023: €42k
2018 → 2024
Total assets
€245k▲ 28.1%
2023 · €192k
2018: €283k
2019: €267k
2020: €221k
2021: €235k
2022: €212k
2023: €192k
2018 → 2024
Net result
€4k▼ 50.9%
2023 · €8k
2018: €-4k
2019: €7k
2020: €21k
2021: €9k
2022: €7k
2023: €8k
2018 → 2024
Working capital
€43k▲ 3.0%
2023 · €42k
2018: €-91k
2019: €-54k
2020: €-312
2021: €17k
2022: €38k
2023: €42k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€18k-€27k▲ 50.4%€34k▲ 24.6%€42k▲ 24.2%€46k▲ 9.6%
Operating result€58k-€18k▼ 68.9%€24k▲ 32.2%€15k▼ 38.1%€7k▼ 53.9%
Net result€21k-€9k▼ 55.7%€7k▼ 26.7%€8k▲ 22.8%€4k▼ 50.9%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2024 is 54% below 2023 and is the lowest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €245k
Fixed assets
€60k▼ 10.1%
Current assets
€186k▲ 48.4%
Equity and liabilities €245k
Equity
€46k▲ 9.6%
Debt
€199k▲ 33.3%
The debt ratio rises from 78.0% to 81.2%: debt grows faster than equity.
Key figures and ratios
EBITDA
€20k▼
2023 · €31k
Cash flow
€18k▼
2023 · €24k
Solvency
18.8%▼
2023 · 22.0%
Current ratio
1.31▼
2023 · 1.51
Quick ratio
1.30▼
2023 · 1.51
Debt / equity
4.31▲
2023 · 3.54
ROE
8.7%▼
2023 · 19.5%
ROA
1.6%▼
2023 · 4.3%
Interest coverage
34.58▲
2023 · 14.63
Debt
€199k▲
2023 · €149k
Debt ≤ 1 year
€142k▲
2023 · €83k
Debt > 1 year
€57k▼
2023 · €66k
Income taxes
€2k▼
2023 · €4k
Staff costs
€58k▲
2023 · €31k
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€192k€245k▲
Fixed assets21/28€67k€60k▼
Tangible fixed assets22/27€67k€60k▼
Land and buildings22€48k€46k▼
Plant, machinery and equipment23€9k€10k▲
Furniture and vehicles24€8k€3k▼
Other tangible fixed assets26€1k€772▼
Current assets29/58€125k€186k▲
Stocks and contracts in progress3€239€239=
Stocks30/36€239€239=
Amounts receivable within one year40/41€30k€78k▲
Trade receivables40€29k€77k▲
Other amounts receivable41€829€829=
Cash at bank and in hand54/58€95k€107k▲
Deferred charges and accrued income490/1€0€28▲
Equity and liabilities
Total equity and liabilities10/49€192k€245k▲
Equity10/15€42k€46k▲
Contributions10/11€19k€19k=
Profit (loss) carried forward14€24k€28k▲
Amounts payable17/49€149k€199k▲
Amounts payable after more than one year17€66k€57k▼
Other amounts payable178/9€66k€57k▼
Amounts payable within one year42/48€83k€142k▲
Trade debts44€45k€96k▲
Suppliers440/4€45k€96k▲
Advances received on contracts in progress46€0-
Taxes, remuneration and social security45€37k€46k▲
Taxes450/3€32k€36k▲
Remuneration and social security454/9€6k€9k▲
Accrued charges and deferred income492/3€659€120▼
Income statement
Code20232024
Remuneration, social security and pensions62€31k€58k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16k€14k▼
Other operating charges640/8€10k€4k▼
Non-recurring operating charges66A€2k-
Gross operating margin9900€73k€82k▲
Operating profit (loss)9901€15k€7k▼
Financial income75/76B€50€1▼
Recurring financial income75€50€1▼
Financial charges65/66B€2k€590▼
Recurring financial charges65€2k€590▼
Profit (loss) for the period before taxes9903€13k€6k▼
Income taxes67/77€4k€2k▼
Profit (loss) for the period9904€8k€4k▼
Profit (loss) for the period to be appropriated9905€8k€4k▼
Appropriation of the result
Profit (loss) to be appropriated9906€24k€28k▲
Profit (loss) brought forward from the previous period14P€15k€24k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
2022
31-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 31 days late
26-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 179 days late
2020
31-12
Financial
Highest result since 2018net €21k ▲185%
Operating result €58k, net result €21k, both a record.
27-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 119 days late
2019
31-12
Financial
Back to profitnet €7k
Net result €7k after one loss-making year.
25-11
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 117 days late
08-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 281 days late
2017
30-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 30 days late
2016
30-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 30 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 directors, no change since 2023
HARLAUX Lucette
CurrentDirector · since 27-12-2023
RODRIGUES Michaël
CurrentDirector · since 27-12-2023
27-12-2023
HARLAUX Lucette: Appointed as Director
27-12-2023
RODRIGUES Michaël: Appointed as Director
27-12-2023
DE BECKER Ferdinand: Resigned as Manager
Location & real-estate footprint
Registered office, Thuin · 1 establishment unit since 2000
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rue de Marchienne(GOZ) 2096534 ThuinGround area
2,760 m²
Building footprint
168 m²
Parcel 56352A0226/00K006, Wallonia. Linked by address, not a title deed.
1 establishment unit
Rue de Marchienne(GOZ) 209, 6534 Thuin
since 20002.096.347.469
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 56352A0226/00K006 | Wallonia | 2,760 m² | 1 · 168 m² | - |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
GREENPIG
BE 0812.393.905
Namur · Eq €46k
ILLUSTRATION
BE 0475.662.759
Pittem · Eq €46k
COPYCAT
BE 0462.214.502
Kontich · Eq €47k
C.S.S. FOTOGRAVURE
BE 0420.182.818
Tessenderlo-Ham · Eq €47k
PRODUCTION PRINTING PARTNERS
BE 0462.298.634
Blégny · Eq €46k
Of 1,595 companies in sector 18120 we hold annual accounts for 803. 561 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded15-09-1999
Fiscal year end31-12
Activities, NACEBEL
18120Other printing
22210
74103Other professional, scientific and technical activities
74120Graphic design and visual communication
18110Printing and reproduction of recorded media
18140Printing and reproduction of recorded media
22230
93130Fitness centres
Sources
Crossroads Bank for EnterprisesNational Bank · 25 filingsAddress and cadastre registers
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.