PA-PRINT
ActiveSummary
The computed 12-month bankruptcy probability of PA-PRINT is 1.5% (moderate). The annual accounts of PA-PRINT for financial year 2025 show a net loss of 54% of the equity at the start of that year. The 2025 annual accounts show equity of €21,139 and a net result of -€25,055. Equity is growing by about 32% per year across the filed financial years. Its solvency ranks better than 22% of 1,118 sector peers (NACE 18, financial year 2025). The company has been active since 1999 and the Belgian Official Gazette contains no insolvency or warning signals.
Overview
- Staff
- 4 FTE
- Equity
- €21,139
- Loss
- -€25,055
- DE BECKER Ferdinand ArsèneDirector
- HARLAUX Lucette Christiane AndréaDirector
- RODRIGUES Michaël Jean-Claude YvesDirector
Why 54raises riskCapped at 59: a net loss of at least half of total assets or of the equity at the start of the financial yearLast filed accounts filed 61 days late; 2 of the last 3 lateLoss of €25,055 (financial year 2025)Equity €21,139 (11.7% of total assets)lowers riskFounded in 1999Show the evidence
Checked score
About 2 in 100 comparable companies go bankrupt within 12 months (an estimate).
How it is calculated
The band follows from the bankruptcy probability, on a scale where 10 more points roughly halve it:
| 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% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 18, micro): better than 22% on solvency, 60% on liquidity, 13% on profitability and 9% on growth.
The bankruptcy probability was computed on 28-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
Some facts cap the score, however low the probability. Negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late hold it at Fair at most (59); two missing filings, at Weak (44). An ongoing judicial reorganisation or the company's end (bankruptcy, dissolution, liquidation) holds it at Critical at most (24).
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Signals
This company filed its last 7 accounts on average 69 days after the deadline; the sector median (NACE 18) for financial year 2024 is 5 days before the deadline, and 38% of those companies filed late.
Searched, nothing found (2)
- Annual accounts filedfinancial year 2025 · micro…
- Weakest financial yearnet -€25,055
- Annual accounts filedfinancial year 2024 · micro…
Financials · financial year 2025, micro format
2025 annual accounts filed late (61 days) Filed on 30 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00540682.
2021 to 2025, 5 financial years 2018 to 2025, 8 financial years
The operating result turns negative in 2025: a loss of €23,238 after €6,811 in 2024, the lowest result in the available series.
What the company sold each financial year and what was left of it. A loss stands below the zero line.
What the company owns (total assets), how much of it is its own (equity) and how much it owes.
Short-term assets minus short-term debts. Above zero the company can pay its bills in the short term.
How much of each euro of turnover is left from operations (EBIT margin) and what the assets earn (return on assets).
The share of the company financed with its own means. The higher it is, the better it absorbs a shock.
Short-term assets per euro of short-term debt. Above 1 the short-term debts are covered.
Average staff in full-time equivalents (FTE).
Use the arrow keys on the chart for the figures per year.
Sector: the middle half of NACE 18, Printing and reproduction of recorded media: a quarter of companies sit below it, a quarter above. Each year compared with accounts in the same format, and only where there are at least 30. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA), Staff (FTE).
Peer companies
Historical observationOf the 1,221 companies that looked in July 2024 the way this one looks now, 3.8% went bankrupt within 24 months and 88.6% are still going.
- Micro
- 20 years or older
- solvency 10 to 30%
- a loss of 10% of the balance sheet or more
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.5% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,445 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74.5% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 1,221 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | - | - | €0 | - | - | - | - |
| Remuneration, social security and pensions62 | - | - | - | €24,389 | €26,826 | €30,516 | €57,750 | €80,685 | ▲ 39.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €20,650 | €21,480 | €26,272 | €26,592 | €27,962 | €16,154 | €13,591 | €10,885 | ▼ 19.9% |
| Other operating charges640/8 | - | - | - | €6,410 | €12,187 | €9,728 | €3,908 | €4,589 | ▲ 17.4% |
| Non-recurring operating charges66A | - | - | - | €32,750 | - | €1,800 | - | - | - |
| Gross operating margin9900 | €57,032 | €78,953 | €107,895 | €108,185 | €90,835 | €72,967 | €82,060 | €72,922 | ▼ 11.1% |
| Operating profit (loss)9901 | -€2,413 | €15,043 | €57,976 | €18,044 | €23,860 | €14,769 | €6,811 | -€23,238 | - |
| Financial income75/76B | - | - | - | €53 | €135 | €50 | €1 | - | - |
| Recurring financial income75 | €19 | €14 | €0 | €53 | €135 | €50 | €1 | - | - |
| Financial charges65/66B | - | - | - | €968 | €363 | €2,113 | €590 | €1,817 | ▲ 208% |
| Recurring financial charges65 | €1,045 | €5,704 | €840 | €968 | €363 | €2,113 | €590 | €1,817 | ▲ 208% |
| Profit (loss) for the period before taxes9903 | -€3,357 | €9,353 | €57,137 | €17,130 | €23,631 | €12,706 | €6,222 | -€25,055 | - |
| Income taxes67/77 | €376 | €2,111 | €36,509 | €7,998 | €16,938 | €4,484 | €2,185 | - | - |
| Profit (loss) for the period9904 | -€3,733 | €7,242 | €20,628 | €9,131 | €6,694 | €8,221 | €4,037 | -€25,055 | - |
| Profit (loss) for the period to be appropriated9905 | -€3,733 | €7,242 | €20,628 | €9,131 | €6,694 | €8,221 | €4,037 | -€25,055 | - |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Assets | |||||||||
| Total assets20/58 | €283,398 | €266,625 | €221,412 | €235,234 | €212,180 | €191,556 | €245,408 | €180,500 | ▼ 26.4% |
| Fixed assets21/28 | €100,538 | €120,069 | €98,686 | €81,304 | €63,027 | €66,563 | €59,873 | €62,923 | ▲ 5.1% |
| Tangible fixed assets22/27 | €100,538 | €120,069 | €98,686 | €81,304 | €63,027 | €66,563 | €59,873 | €62,923 | ▲ 5.1% |
| Land and buildings22 | - | - | - | €41,107 | €35,000 | €48,378 | €46,046 | €43,715 | ▼ 5.1% |
| Plant, machinery and equipment23 | - | - | - | €7,653 | €11,009 | €8,920 | €10,136 | €6,500 | ▼ 35.9% |
| Furniture and vehicles24 | - | - | - | €30,592 | €15,453 | €8,088 | €2,918 | €12,340 | ▲ 323% |
| Other tangible fixed assets26 | - | - | - | €1,953 | €1,565 | €1,177 | €772 | €368 | ▼ 52.3% |
| Current assets29/58 | €182,860 | €146,556 | €122,726 | €153,930 | €149,153 | €124,993 | €185,534 | €117,577 | ▼ 36.6% |
| Stocks and contracts in progress3 | €32,216 | €7,515 | €266 | €266 | €239 | €239 | €239 | €2,195 | ▲ 818% |
| Stocks30/36 | - | - | - | €266 | €239 | €239 | €239 | €2,195 | ▲ 818% |
| Amounts receivable within one year40/41 | €111,343 | €109,143 | €46,335 | €45,778 | €34,194 | €29,778 | €78,142 | €48,752 | ▼ 37.6% |
| Trade receivables40 | - | - | - | €44,951 | €33,365 | €28,949 | €77,313 | €47,923 | ▼ 38.0% |
| Other amounts receivable41 | - | - | - | €826 | €829 | €829 | €829 | €829 | = |
| Cash at bank and in hand54/58 | €38,236 | €27,467 | €70,679 | €105,495 | €114,539 | €94,976 | €107,125 | €65,533 | ▼ 38.8% |
| Deferred charges and accrued income490/1 | - | - | - | €2,392 | €181 | €0 | €28 | €1,097 | ▲ 39× |
| Equity and liabilities | |||||||||
| Total equity and liabilities10/49 | €283,398 | €266,625 | €221,412 | €235,234 | €212,180 | €191,556 | €245,408 | €180,500 | ▼ 26.4% |
| Equity10/15 | -€9,668 | -€2,517 | €18,111 | €27,242 | €33,936 | €42,157 | €46,194 | €21,139 | ▼ 54.2% |
| Contributions10/11 | €18,592 | €18,501 | €18,501 | €18,501 | €18,501 | €18,501 | €18,501 | €18,501 | = |
| Capital10 | - | - | - | €18,501 | - | - | - | - | - |
| Issued capital100 | - | - | - | €18,501 | - | - | - | - | - |
| Profit (loss) carried forward14 | -€28,260 | -€21,018 | -€390 | €8,741 | €15,435 | €23,656 | €27,693 | €2,638 | ▼ 90.5% |
| Amounts payable17/49 | €293,066 | €269,142 | €203,302 | €207,992 | €178,244 | €149,399 | €199,213 | €159,360 | ▼ 20.0% |
| Amounts payable after more than one year17 | €19,017 | €69,017 | €80,264 | €70,884 | €66,748 | €65,959 | €57,040 | €49,913 | ▼ 12.5% |
| Other amounts payable178/9 | - | - | - | €70,884 | €66,748 | €65,959 | €57,040 | €49,913 | ▼ 12.5% |
| Amounts payable within one year42/48 | €274,049 | €200,125 | €123,038 | €137,084 | €111,496 | €82,781 | €142,053 | €109,374 | ▼ 23.0% |
| Trade debts44 | €83,081 | €163,408 | €74,064 | €86,507 | €51,094 | €45,292 | €96,463 | €85,646 | ▼ 11.2% |
| Suppliers440/4 | - | - | - | €86,507 | €51,094 | €45,292 | €96,463 | €85,646 | ▼ 11.2% |
| Advances received on contracts in progress46 | - | - | - | €0 | €7,880 | €0 | - | - | - |
| Taxes, remuneration and social security45 | - | - | - | €50,577 | €52,523 | €37,489 | €45,590 | €23,728 | ▼ 48.0% |
| Taxes450/3 | - | - | - | €49,499 | €47,880 | €31,890 | €36,469 | €12,936 | ▼ 64.5% |
| Remuneration and social security454/9 | - | - | - | €1,077 | €4,643 | €5,599 | €9,121 | €10,792 | ▲ 18.3% |
| Accrued charges and deferred income492/3 | - | - | - | €24 | - | €659 | €120 | €74 | ▼ 38.7% |
| Line | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€3,733 | €7,242 | €20,628 | €9,131 | €6,694 | €8,221 | €4,037 | -€25,055 | - |
| + Depreciation and write-downs630 | €20,650 | €21,480 | €26,272 | €26,592 | €27,962 | €16,154 | €13,591 | €10,885 | ▼ 19.9% |
| Operating cash flow (approximation) | €16,917 | €28,723 | €46,900 | €35,724 | €34,656 | €24,375 | €17,628 | -€14,170 | - |
| Investment in fixed assets (approximation) | - | -€41,012 | -€4,889 | -€9,210 | -€9,685 | -€19,690 | -€6,901 | -€13,935 | ▼ 102% |
| Change in cash | - | -€10,768 | €43,212 | €34,815 | €9,044 | -€19,563 | €12,149 | -€41,592 | - |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Latest 10 of 26 filings with the National Bank
| Financial year | Type | Filed | Reference |
|---|---|---|---|
| 31-12-2025 | micro format | 30-09-2026 | 2026-00540682 |
| 31-12-2024 | micro format | 31-08-2025 | 2025-00473707 |
| 31-12-2023 | micro format | 30-08-2024 | 2024-00441092 |
| 31-12-2022 | micro format | 30-08-2023 | 2023-00403957 |
| 31-12-2021 | micro format | 31-08-2022 | 2022-20370403 |
| 31-12-2020 | micro format | 26-01-2022 | 2022-03000394 |
| 31-12-2019 | micro format | 27-11-2020 | 2020-72300492 |
| 31-12-2018 | micro format | 25-11-2019 | 2019-74200492 |
| 31-12-2017 | micro format | 08-05-2019 | 2019-12600363 |
| 31-12-2016 | micro format | 30-08-2017 | 2017-54200182 |
Similar companies · same sector, comparable size
Public contracts: No European public contracts awarded found since October 2016. Contracts below the EU thresholds are not in TED.
Directors
Not every act has been read: a resignation may still be missing
Mandate history
- Board
- began earlier
| Name | Functions and periods |
|---|---|
| DE BECKER Ferdinand Arsène |
|
| HARLAUX Lucette Christiane Andréa |
|
| RODRIGUES Michaël Jean-Claude Yves |
|
Owners and capital
Capital and shareholders
- 27-12-2023 Converted to unavailable equity
Group and network
Connections & network
3 current directorsThe network starts from this company’s directors. Other companies they run appear here as nodes.
History
Acts, filings and financial milestones
27-12
Gazette deed
Resignation: DE BECKER Ferdinand Arsène (statutory manager)Reappointment: DE BECKER Ferdinand Arsène (statutory director) · Appointments: HARLAUX Lucette Christiane Andréa, RODRIGUES Michaël Jean-Claude Yves and DE BECKER Ferdinand Arsène · Declaration17 facts ▸
- General meeting, 18-12-2023
- Director resignation, DE BECKER Ferdinand Arsène (statutory manager)
- Director reappointment, DE BECKER Ferdinand Arsène (statutory director)
- Declaration, “absence d’interdiction de gérer, ne pas faire l’objet d’une quelconque interdiction de gérer” (deed in French) (2 times)
- Director appointment, HARLAUX Lucette Christiane Andréa (administrateur subsidiaire)
- Director appointment, RODRIGUES Michaël Jean-Claude Yves (statutory director) (2 times)
- Declaration, 08-12-2023
- Other provision, “rapport des gérants/administrateurs, dépôt au greffe du tribunal de l’entreprise compétent” (deed in French)
- Purpose change
- Other provision, “société à responsabilité limitée(SRL), adaptation aux CSA et maintien SRL” (deed in French)
- Capital conversion, “compte de capitaux propres statutairement indisponible” (deed in French)
- Other provision, “suppression du compte indisponible, suppression avec formes et majorités de modification des statuts” (deed in French)
- +5 further facts in this act
About the unread acts
Of the 3 Belgian Official Gazette deeds we know for this company, 1 has been read. The other 2 have not been read yet: what they contain is neither established nor disproved here.
Register details
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.
Environmental permits: No permit applications found in Flanders. Brussels and Wallonia do not publish the applicant.
Sites & property
1 establishment unit
1 parcel
| Cadastral parcel | Region | Area | Buildings | Height / floors |
|---|---|---|---|---|
| 56352A0226/00K006 | Wallonia | 2,760 m² | 1 · 168 m² | - |
How the parcels are linked
Articles of association
What the company does
- PurposeThe activities the company may carry out under its articles.
- “La composition,la photocomposition,la saisie de données,y compris par numérisation et reconnaissance optique des caractères,la mise en forme…” (deed in French)
18 activities (deed in French)
- La composition,la photocomposition,la saisie de données,y compris par numérisation et reconnaissance optique des caractères,la mise en forme électronique;
- La préparation de fichiers de données pour des applications multimédia:impression sur papier,CDROM,Internet;
- Les services de photogravure,y compris la photocomposition et la réalisation de plaques pour les procédés d’impression typographique et offset;
- La préparation des cylindres:la gravure de cylindres pour la reproduction de gravures;
- Le transfert CTP computer to plate,de l’ordinateur à la plaque,le transfert direct de plaque à plaque,également plaques en photopolymères;
- La réalisation de plaques et matrices pour estampage ou impression en relief;
- La préparation de travaux artistiques de nature technique comme la préparation des pierres lithographiques et des blocs de bois,la production de supports,la conception de produits d’impression et la production d’épreuves;
- La création de documents,la publication assistée par ordinateur et toutes les autres activités de réalisation;
- La préparation de données numériques,notamment la mise en valeur,la sélection,la liaison de données numériques;
- La conception assistée par ordinateur,la fabrication assistée par ordinateur,la génération de données par des moyens électroniques;
- L’imposition numérique;la production de produits de reproduction;
- D’autres activités graphiques telles que la gravure ou l’estampage de matrices,la copie en braille,le poinçonnage et le perforage,le gaufrage,le vernissage et le pelliculage,l’assemblage et l’encartage,le plissage;
- L’impression d’étiquettes;de livres et de brochures,d’affiches,de catalogues,de prospectus et d’autres imprimés publicitaires,d’albums,d’agendas,de calendriers et d’autres imprimés commerciaux,de papier à lettres à en-tête personnel et d’autres imprimés,ainsi que les travaux d’impression rapide,l’impression directe sur textiles,matières plastiques,verre,métal,bois et céramique;
- Les services de reliure,de montage d’échantillons et les services de soutien d’après-presse aux imprimeurs comme la reliure et la finition de livres,de brochures,de périodiques,de catalogues,etc.;
- La reliure et la finition de papiers ou de cartons imprimés,par pliage,estampage,poinçonnage,perforage,gaufrage,collage,pelliculage;
- Les services de finition pour CDROM et pour publipostage:personnalisation ou préparation des enveloppes;
- Les activités dans le domaine informatique et des technologies de l’information telles que:les services de récupération de données après un sinistre informatique;
- L’installation(configuration)d’ordinateurs personnels et d’autres composants informatiques;les services d’installation de logiciels,à l’exclusion des gros systèmes.
- DurationHow long the company exists; usually unlimited, so until it is dissolved.
- Unlimited
- Name clauseThe name the company operates under according to its articles.
- PA-PRINT
- Registered office clauseThe region of the registered office; it decides among other things the language of official documents.
- “Région wallonne, peut établir sièges administratifs,agences,ateliers,dépôts et succursales en Belgique et à l’étranger par simple décision…” (deed in French)
Who represents it, and how
- Board ruleHow the board is made up, meets and takes decisions.
- “Mandats non statutaires révocables en tout temps par assemblée générale, avec ou sans limitation de durée,qualité d’administrateur…” (deed in French)“Frais généraux,indépendamment frais représentation,voyages,déplacements, assemblée à majorité absolue ou actionnaire unique détermine…” (deed in French)
Capital, shares and profit
- Transfer restrictionWhether shareholders may sell their shares freely or need approval first.
- “Libre de céder tout ou partie librement” (deed in French)
Meetings and financial year
- Annual meetingWhen the shareholders meet each year, among other things to approve the annual accounts.
- Last Friday of June at 17:00
Oversight and winding up
- Dissolution ruleWhen and by whom the company can be dissolved.
- “Formes prévues pour modifications aux statuts, en tout temps” (deed in French)
- Liquidation ruleHow assets are shared after dissolution: creditors first, then shareholders.
- “Pouvoirs les plus étendus conférés par articles 2:87 et suivants CSA, si plusieurs liquidateurs forment collège” (deed in French)