Printed Walls
ActiveSummary
Printed Walls has been active since 2015 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €48k and a net result of €13k. Equity is shrinking by ~9.3% per year across the filed fiscal years. Its solvency ranks better than 43% of 958 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.5% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability83▲+81
Solvency68▲+5
Growth32=
Track record100
Bankruptcy probability, 12 months
0.5%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €3.5k at 30 days acceptable
Liquidity tight (current ratio 1.23 against 0.91 in 2024; short-term debt: 57.1% and cash: 45.1% of total assets), and 57.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Three signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
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 →
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
42.9%
Return on assets
11.1%
Age of the figures
9 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 30-08-2026, 30 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
30 d late
2024
29 d late
2023
5 d early
2022
28 d late
2021
53 d early
2020
48 d late
2019
46 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€48k▲ 35.1%
2024 · €36k
2018: €71k
2019: €61k▼ -14.4% vs 2018
2020: €83k▲ +35.8% vs 2019highest in 8 years
2021: €55k▼ -33.2% vs 2020
2022: €40k▼ -28.1% vs 2021
2023: €48k▲ +21.7% vs 2022
2024: €36k▼ -26.1% vs 2023lowest in 8 years
2025: €48k▲ +35.1% vs 2024
2018 → 2025
Total assets
€113k▲ 20.1%
2024 · €94k
2018: €96k
2019: €85k▼ -11.4% vs 2018
2020: €128k▲ +50.8% vs 2019highest in 8 years
2021: €114k▼ -10.5% vs 2020
2022: €85k▼ -26.0% vs 2021lowest in 8 years
2023: €110k▲ +30.5% vs 2022
2024: €94k▼ -15.2% vs 2023
2025: €113k▲ +20.1% vs 2024
2018 → 2025
Net result
€13k
2024 · €-13k
2018: €13k
2019: €-10k▼ -181% vs 2018
2020: €22k▲ +312% vs 2019highest in 8 years
2021: €-28k▼ -226% vs 2020lowest in 8 years
2022: €-16k▲ +43.5% vs 2021
2023: €9k▲ +155% vs 2022
2024: €-13k▼ -246% vs 2023
2025: €13k▲ +199% vs 2024
2018 → 2025
Working capital
€15k
2024 · €-5k
2018: €50khighest in 8 years
2019: €14k▼ -72.2% vs 2018
2020: €36k▲ +159% vs 2019
2021: €11k▼ -68.4% vs 2020
2022: €-6k▼ -150% vs 2021lowest in 8 years
2023: €3k▲ +148% vs 2022
2024: €-5k▼ -295% vs 2023
2025: €15k▲ +376% vs 2024
2018 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€55k-€40k▼ 28.1%€48k▲ 21.7%€36k▼ 26.1%€48k▲ 35.1%
2021: €55khighest in 5 years
2022: €40k▼ -28.1% vs 2021
2023: €48k▲ +21.7% vs 2022
2024: €36k▼ -26.1% vs 2023lowest in 5 years
2025: €48k▲ +35.1% vs 2024
Operating result€-28k-€-15k▲ 43.8%€10k€-11k€14k
2021: €-28klowest in 5 years
2022: €-15k▲ +43.8% vs 2021
2023: €10k▲ +166% vs 2022
2024: €-11k▼ -206% vs 2023
2025: €14k▲ +231% vs 2024highest in 5 years
Net result€-28k-€-16k▲ 43.5%€9k€-13k€13k
2021: €-28klowest in 5 years
2022: €-16k▲ +43.5% vs 2021
2023: €9k▲ +155% vs 2022
2024: €-13k▼ -246% vs 2023
2025: €13k▲ +199% vs 2024highest in 5 years
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2025: €14k after a loss of €11k in 2024, the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €113k
Fixed assets
€34k ▼ 18.3%
Current assets
€79k ▲ 50.1%
Equity and liabilities €113k
Equity
€48k ▲ 35.1%
Debt
€64k ▲ 10.9%
Debt's share of the balance-sheet total falls from 61.8% to 57.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€22k▲
2024 · €-3k
Cash flow
€21k▲
2024 · €-5k
Current ratio
1.23▲
2024 · 0.91
Debt to equity
1.33▼
2024 · 1.62
ROE
26.0%▲
2024 · -35.2%
ROA
11.1%▲
2024 · -13.5%
Interest coverage
14.10▲
2024 · -1.51
Debt ≤ 1 year
€64k▲
2024 · €58k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 39 lines
Balance sheet
Code20242025
Assets
Total assets20/58€94k€113k▲
Fixed assets21/28€41k€34k▼
Tangible fixed assets22/27€36k€29k▼
Plant, machinery and equipment23€5k€5k▼
Furniture and vehicles24€5k€4k▼
Other tangible fixed assets26€25k€20k▼
Financial fixed assets28€5k€5k=
Current assets29/58€53k€79k▲
Amounts receivable within one year40/41€18k€27k▲
Trade receivables40€150€22k▲
Other amounts receivable41€17k€6k▼
Cash at bank and in hand54/58€34k€51k▲
Deferred charges and accrued income490/1€944€944=
Equity and liabilities
Total equity and liabilities10/49€94k€113k▲
Equity10/15€36k€48k▲
Contributions10/11€19k€19k=
Reserves13€2k€2k=
Distributable reserves133€2k€2k=
Profit (loss) carried forward14€15k€27k▲
Amounts payable17/49€58k€64k▲
Amounts payable within one year42/48€58k€64k▲
Trade debts44€3k€13k▲
Suppliers440/4€3k€13k▲
Taxes, remuneration and social security45€2k€4k▲
Taxes450/3€2k€4k▲
Other amounts payable47/48€53k€47k▼
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€8k€8k▲
Other operating charges640/8€1k€1k▼
Gross operating margin9900€-2k€23k▲
Operating profit (loss)9901€-11k€14k▲
Financial income75/76B€0€3▲
Recurring financial income75€0€3▲
Financial charges65/66B€2k€2k▼
Recurring financial charges65€2k€2k▼
Profit (loss) for the period before taxes9903€-13k€13k▲
Profit (loss) for the period9904€-13k€13k▲
Profit (loss) for the period to be appropriated9905€-13k€13k▲
Appropriation of the result
Profit (loss) to be appropriated9906€15k€27k▲
Profit (loss) brought forward from the previous period14P€27k€15k▼
The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Remuneration, social security and pensions62 | €22k | €-368 | - | - | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6k | €7k | €8k | €8k | €8k | ▲ 3.4% |
| Other operating charges640/8 | €5k | €910 | €985 | €1k | €1k | ▼ 14.0% |
| Gross operating margin9900 | €5k | €-8k | €19k | €-2k | €23k | ▲ 1,567% |
| Operating profit (loss)9901 | €-28k | €-15k | €10k | €-11k | €14k | ▲ 231% |
| Financial income75/76B | €734 | €130 | €358 | €0 | €3 | ▲ 29,600% |
| Recurring financial income75 | €240 | €130 | €358 | €0 | €3 | ▲ 29,600% |
| Non-recurring financial income76B | €494 | - | - | - | - | - |
| Financial charges65/66B | €704 | €214 | €2k | €2k | €2k | ▼ 13.9% |
| Recurring financial charges65 | €704 | €214 | €2k | €2k | €2k | ▼ 13.9% |
| Profit (loss) for the period before taxes9903 | €-28k | €-16k | €9k | €-13k | €13k | ▲ 199% |
| Income taxes67/77 | €0 | - | - | - | - | - |
| Profit (loss) for the period9904 | €-28k | €-16k | €9k | €-13k | €13k | ▲ 199% |
| Profit (loss) for the period to be appropriated9905 | €-28k | €-16k | €9k | €-13k | €13k | ▲ 199% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €114k | €85k | €110k | €94k | €113k | ▲ 20.1% |
| Fixed assets21/28 | €45k | €45k | €46k | €41k | €34k | ▼ 18.3% |
| Tangible fixed assets22/27 | €40k | €41k | €41k | €36k | €29k | ▼ 20.7% |
| Plant, machinery and equipment23 | €7k | €8k | €6k | €5k | €5k | ▼ 15.8% |
| Furniture and vehicles24 | - | €810 | €7k | €5k | €4k | ▼ 23.2% |
| Other tangible fixed assets26 | €33k | €32k | €27k | €25k | €20k | ▼ 21.2% |
| Financial fixed assets28 | €5k | €5k | €5k | €5k | €5k | = |
| Current assets29/58 | €70k | €39k | €65k | €53k | €79k | ▲ 50.1% |
| Amounts receivable within one year40/41 | €33k | €14k | €25k | €18k | €27k | ▲ 54.9% |
| Trade receivables40 | €32k | €10k | - | €150 | €22k | ▲ 14,279% |
| Other amounts receivable41 | €902 | €4k | €25k | €17k | €6k | ▼ 67.3% |
| Cash at bank and in hand54/58 | €35k | €25k | €39k | €34k | €51k | ▲ 49.1% |
| Deferred charges and accrued income490/1 | €761 | €257 | €889 | €944 | €944 | = |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €114k | €85k | €110k | €94k | €113k | ▲ 20.1% |
| Equity10/15 | €55k | €40k | €48k | €36k | €48k | ▲ 35.1% |
| Contributions10/11 | €19k | €19k | €19k | €19k | €19k | = |
| Reserves13 | €2k | €2k | €2k | €2k | €2k | = |
| Non-distributable reserves130/1 | €2k | €2k | - | - | - | - |
| Reserves not available under the articles1311 | €2k | €2k | - | - | - | - |
| Distributable reserves133 | - | - | €2k | €2k | €2k | = |
| Profit (loss) carried forward14 | €34k | €19k | €27k | €15k | €27k | ▲ 84.4% |
| Amounts payable17/49 | €59k | €45k | €62k | €58k | €64k | ▲ 10.9% |
| Amounts payable within one year42/48 | €58k | €45k | €62k | €58k | €64k | ▲ 10.9% |
| Trade debts44 | €11k | €14k | €11k | €3k | €13k | ▲ 312% |
| Suppliers440/4 | €11k | €14k | €11k | €3k | €13k | ▲ 312% |
| Taxes, remuneration and social security45 | €27k | €73 | - | €2k | €4k | ▲ 103% |
| Taxes450/3 | €10k | €73 | - | €2k | €4k | ▲ 103% |
| Remuneration and social security454/9 | €17k | - | - | - | - | - |
| Other amounts payable47/48 | €21k | €31k | €51k | €53k | €47k | ▼ 10.5% |
| Accrued charges and deferred income492/3 | €834 | €6 | - | - | - | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €-28k | €-16k | €9k | €-13k | €13k | ▲ 199% |
| + Depreciation and write-downs630 | €6k | €7k | €8k | €8k | €8k | ▲ 3.4% |
| Operating cash flow (approximation) | €-21k | €-8k | €16k | €-5k | €21k | ▲ 549% |
| Investment in fixed assets (approximation) | - | €-8k | €-8k | €-3k | €-746 | ▲ 78.3% |
| Change in cash | - | €-10k | €14k | €-5k | €17k | ▲ 469% |
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
30-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 30 days late
2025
31-12
Financial
Back to profitnet €13k
Net result €13k after one loss-making year.
29-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 29 days late
2024
26-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Back to profitnet €9k
Net result €9k after 2 loss-making years.
28-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 28 days late
2022
08-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Weakest financial yearnet €-28k
Net result drops to €-28k, the lowest in the series; recovery starts the following year.
17-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 48 days late
2020
31-12
Financial
Back to profitnet €22k
Net result €22k after one loss-making year.
15-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 46 days late
2019
12-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 12 days late
2018
30-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 30 days late
2017
13-07
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 acts for this company are 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, Antwerpen · 1 establishment unit since 2015
Ground area
6,464 m²
Building footprint
928 m²
Volume, LiDAR
6,110 m³
2 parcels, Flanders · tallest building 9.4 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
Printed Walls
since 20152.249.211.947
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 13025G0682/00B011 | Flanders | 6,221 m² | 1 · 834 m² | 8.8 m · 2 fl. |
| 11303C0284/00A008 | Flanders | 243 m² | 1 · 94 m² | 9.4 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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Of 2,855 companies in sector 18130 we hold annual accounts for 832. 685 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded22-12-2015
Fiscal year end31-12
Activities, NACEBEL 2025
18130Pre-press and pre-media services
73110Advertising agencies
74120Graphic design and visual communication
Scores and ratios are computed by Checked and are not a credit decision.