PRINTHAGEN
ActiveSummary
PRINTHAGEN has been active since 2003 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €2.9m and a net result of €211,930. Equity is growing by ~3.4% per year across the filed fiscal years. Its solvency ranks better than 75% of 8871 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability76▼-2
Solvency100▲+12
Growth52=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €230,000 at 30 days acceptable
Liquidity tight (current ratio 1.11 against 0.75 in 2024; short-term debt: 20.9% and cash: 0% of total assets), and 21% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five 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 70
Relative position
BE, all sectors
reference
Activities of head offices; management consultancy activities (NACE 70)
about 69% 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
79%
Return on assets
5.7%
Age of the figures
9 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
neutral · A punctual record breaks
This company filed 5 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filingsDeviation from the deadline
2025
27 d late
2024
6 d early
2023
23 d early
2022
3 d early
2021
3 d early
2020
8 d early
2019
42 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 4 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.
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. Usually files around 28 July (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check What other support did companies like this one receive, and it did not?Subsidies Which other companies belong to the same group?TERRA FECUNDA · 37 companies
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Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, abbreviated schema
Equity
€2.9m▲ 7.3%
2024 · €2.7m
Total assets
€3.7m▼ 14.6%
2024 · €4.3m
Net result
€211,930▼ 36.6%
2024 · €334,240
Working capital
€87,082
2024 · -€394,217
Trend over the years
In euros
In per cent
Ratio
In full-time equivalents (FTE)
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
In full-time equivalents (FTE)
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 70, Activities of head offices; management consultancy 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), Staff (FTE).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result€5,585▼ 98.9%-€240,588€301,605€498,400▲ 65.2%€276,295▼ 44.6%
Net result-€3,049below the sector's middle half-€235,214below the sector's middle half▼ 7,614%€248,741above the sector's middle half€334,240above the sector's middle half▲ 34.4%€211,930above the sector's middle half▼ 36.6%
Equity€2.4mabove the sector's middle half▼ 0.7%€2.2mabove the sector's middle half▼ 10.3%€2.4mabove the sector's middle half▲ 10.8%€2.7mabove the sector's middle half▲ 13.3%€2.9mabove the sector's middle half▲ 7.3%
Total assets€3.8mabove the sector's middle half▼ 16.1%€4.1mabove the sector's middle half▲ 10.0%€3.9mabove the sector's middle half▼ 5.0%€4.3mabove the sector's middle half▲ 10.2%€3.7mabove the sector's middle half▼ 14.6%
Debt€1.3m▼ 34.5%€2.0m▲ 46.8%€1.5m▼ 22.4%€1.6m▲ 5.2%€775,713▼ 51.7%
Working capital-€646,214below the sector's middle half▲ 19.7%-€1.4mbelow the sector's middle half▼ 122%-€998,298below the sector's middle half▲ 30.3%-€394,217below the sector's middle half▲ 60.5%€87,082within the sector's middle half
Solvency64.3%within the sector's middle half▲ 10.0pp52.4%within the sector's middle half▼ 11.9pp61.1%within the sector's middle half▲ 8.7pp62.9%within the sector's middle half▲ 1.8pp79.0%within the sector's middle half▲ 16.1pp
Current ratio0.51below the sector's middle half▼ 0.090.27below the sector's middle half▼ 0.240.34below the sector's middle half▲ 0.070.75within the sector's middle half▲ 0.411.11within the sector's middle half▲ 0.36
Return on assets (ROA)-0.1%below the sector's middle half▼ 10.5pp-5.7%below the sector's middle half▼ 5.6pp6.3%within the sector's middle half▲ 12.0pp7.7%within the sector's middle half▲ 1.4pp5.7%within the sector's middle half▼ 2.0pp
Staff (FTE)0below the sector's middle half0within the sector's middle half0within the sector's middle half
above
within
below
the middle half (P25 to P75) of NACE 70, Activities of head offices; management consultancy activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 45% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.7m
Fixed assets
€2.8m ▼ 9.1%
Current assets
€859,416 ▼ 28.9%
Equity and liabilities €3.7m
Equity
€2.9m ▲ 7.3%
Debt
€775,713 ▼ 51.7%
Debt's share of the balance-sheet total falls from 37.1% to 21.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€631,684▼
2024 · €870,642
Cash flow
€567,318▼
2024 · €706,482
Quick ratio
1.08▲
2024 · 0.74
Debt to equity
0.27▼
2024 · 0.59
ROE
7.3%▼
2024 · 12.3%
Interest coverage
20.91▲
2024 · 11.24
Debt ≤ 1 year
€772,334▼
2024 · €1.6m
Income taxes
€66,858▼
2024 · €121,230
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 20,134 companies that looked in July 2024 the way this one looks now, 0.2% went bankrupt within 24 months and 95% are still going.
- Small
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.2%
went bankrupt
4.7%
stopped otherwise
95%
still going
For this company itself Checked computes a bankruptcy probability of 0.2% 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 497,341 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% | 1.0% |
| 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% 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 20,134 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.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | - | €45,194 | €0 | - | - |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €283,491 | €326,249 | €387,939 | €372,241 | €355,388 | ▼ 4.5% |
| Other operating charges640/8 | €7,279 | €7,710 | €7,928 | €8,240 | €8,281 | ▲ 0.5% |
| Non-recurring operating charges66A | - | €1,815 | €0 | - | - | - |
| Gross operating margin9900 | €296,354 | €95,186 | €697,473 | €878,881 | €639,965 | ▼ 27.2% |
| Operating profit (loss)9901 | €5,585 | -€240,588 | €301,605 | €498,400 | €276,295 | ▼ 44.6% |
| Financial income75/76B | €16,703 | €25,691 | €25,314 | €34,555 | €32,699 | ▼ 5.4% |
| Recurring financial income75 | €16,703 | €25,691 | €25,314 | €34,555 | €32,699 | ▼ 5.4% |
| Financial charges65/66B | €26,041 | €20,317 | €78,179 | €77,485 | €30,206 | ▼ 61.0% |
| Recurring financial charges65 | €26,041 | €20,317 | €78,179 | €77,485 | €30,206 | ▼ 61.0% |
| Profit (loss) for the period before taxes9903 | -€3,753 | -€235,214 | €248,741 | €455,471 | €278,788 | ▼ 38.8% |
| Income taxes67/77 | -€704 | €0 | - | €121,230 | €66,858 | ▼ 44.9% |
| Profit (loss) for the period9904 | -€3,049 | -€235,214 | €248,741 | €334,240 | €211,930 | ▼ 36.6% |
| Profit (loss) for the period to be appropriated9905 | -€3,049 | -€235,214 | €248,741 | €334,240 | €211,930 | ▼ 36.6% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €3.8m | €4.1m | €3.9m | €4.3m | €3.7m | ▼ 14.6% |
| Fixed assets21/28 | €3.1m | €3.6m | €3.4m | €3.1m | €2.8m | ▼ 9.1% |
| Tangible fixed assets22/27 | €3.0m | €3.6m | €3.4m | €3.1m | €2.8m | ▼ 9.2% |
| Land and buildings22 | €3.0m | €3.5m | €3.3m | €3.0m | €2.8m | ▼ 9.1% |
| Plant, machinery and equipment23 | €5,440 | €51,417 | €56,238 | €46,373 | €28,915 | ▼ 37.6% |
| Furniture and vehicles24 | €10,855 | €8,647 | €19,372 | €16,757 | €25,167 | ▲ 50.2% |
| Financial fixed assets28 | €27,547 | €33,839 | €27,547 | €27,547 | €27,547 | = |
| Current assets29/58 | €683,588 | €532,911 | €524,825 | €1.2m | €859,416 | ▼ 28.9% |
| Amounts receivable after more than one year29 | €50,000 | €50,000 | €0 | - | - | - |
| Trade receivables290 | €50,000 | €50,000 | €0 | - | - | - |
| Stocks and contracts in progress3 | €9,010 | €9,010 | €17,577 | €19,941 | €27,446 | ▲ 37.6% |
| Stocks30/36 | €9,010 | €9,010 | €17,577 | €19,941 | €27,446 | ▲ 37.6% |
| Amounts receivable within one year40/41 | €608,700 | €415,504 | €445,272 | €1.1m | €828,891 | ▼ 22.4% |
| Trade receivables40 | €462,038 | €195,339 | €185,049 | €764,792 | €473,245 | ▼ 38.1% |
| Other amounts receivable41 | €146,662 | €220,165 | €260,223 | €302,764 | €355,646 | ▲ 17.5% |
| Cash at bank and in hand54/58 | €13,876 | €56,257 | €59,606 | €118,303 | €177 | ▼ 99.9% |
| Deferred charges and accrued income490/1 | €2,002 | €2,141 | €2,370 | €2,790 | €2,902 | ▲ 4.0% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €3.8m | €4.1m | €3.9m | €4.3m | €3.7m | ▼ 14.6% |
| Equity10/15 | €2.4m | €2.2m | €2.4m | €2.7m | €2.9m | ▲ 7.3% |
| Contributions10/11 | €500,000 | €500,000 | €500,000 | €500,000 | €500,000 | = |
| Reserves13 | €1.8m | €1.6m | €1.8m | €2.2m | €2.4m | ▲ 9.8% |
| Non-distributable reserves130/1 | €50,000 | €50,000 | €0 | - | - | - |
| Reserves not available under the articles1311 | €50,000 | €50,000 | €0 | - | - | - |
| Distributable reserves133 | €1.8m | €1.5m | €1.8m | €2.2m | €2.4m | ▲ 9.8% |
| Investment grants15 | €101,404 | €87,039 | €72,674 | €58,309 | €43,944 | ▼ 24.6% |
| Amounts payable17/49 | €1.3m | €2.0m | €1.5m | €1.6m | €775,713 | ▼ 51.7% |
| Amounts payable within one year42/48 | €1.3m | €2.0m | €1.5m | €1.6m | €772,334 | ▼ 51.8% |
| Current portion of amounts payable after more than one year42 | - | - | €1,189 | €0 | - | - |
| Trade debts44 | €77,715 | €83,545 | €173,222 | €146,404 | €75,982 | ▼ 48.1% |
| Suppliers440/4 | €77,715 | €83,545 | €173,222 | €146,404 | €75,982 | ▼ 48.1% |
| Advances received on contracts in progress46 | - | - | €41,280 | €0 | - | - |
| Taxes, remuneration and social security45 | €212,332 | €77,039 | €158,469 | €134,013 | €188,089 | ▲ 40.4% |
| Taxes450/3 | €212,332 | €77,039 | €158,469 | €134,013 | €188,089 | ▲ 40.4% |
| Other amounts payable47/48 | €1.0m | €1.8m | €1.1m | €1.3m | €508,263 | ▼ 61.6% |
| Accrued charges and deferred income492/3 | €11,498 | €3,000 | €4,014 | €3,378 | €3,379 | ▲ 0.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€3,049 | -€235,214 | €248,741 | €334,240 | €211,930 | ▼ 36.6% |
| + Depreciation and write-downs630 | €283,491 | €326,249 | €387,939 | €372,241 | €355,388 | ▼ 4.5% |
| Operating cash flow (approximation) | €280,442 | €91,036 | €636,680 | €706,482 | €567,318 | ▼ 19.7% |
| Investment in fixed assets (approximation) | - | -€854,723 | -€188,862 | -€87,399 | -€71,656 | ▲ 18.0% |
| Change in cash | - | €42,381 | €3,349 | €58,697 | -€118,126 | ▼ 301% |
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
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 27 days late
09-06
State Gazette act
Reappointment: KPMG Bedrijfsrevisoren BV (statutory auditor)2 facts ▸
State Gazette act
Reappointment: KPMG Bedrijfsrevisoren BV (statutory auditor)
2 facts ▸
- General meeting, 30-06-2025
- Auditor reappointment, KPMG Bedrijfsrevisoren BV (statutory auditor)
2025
25-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
08-07
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Back to profitnet €248,741
Net result €248,741 after 2 loss-making years.
28-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
28-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
23-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Back to profitnet €465,372
Net result €465,372 after one loss-making year.
31-12
Financial
Equity above €2mEq €2.4m ▲22.7%
Equity rises from €2.0m to €2.4m.
11-09
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 42 days late
2019
31-12
Financial
Weakest financial yearnet -€361,280
Net result drops to -€361,280, the lowest in the series; recovery starts the following year.
Show earlier events
28-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
22-06
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
23-06
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 13 acts read
About the unread acts
Of the 13 Belgian State Gazette acts we know for this company, 1 has been read. The other 12 have not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
Statutory auditor 1
KPMG Bedrijfsrevisoren BV
CurrentStatutory auditor · since 09-06-2026 · perm. rep.: Paul Dreezen
Derived from published Gazette acts. The CBE keeps the official list of function holders; we do not read it, so the two can differ.
See the function holders in the CBE →
Location & real-estate footprint
Registered office, Sint-Lambrechts-Woluwe · 1 establishment unit since 2003
Ground area
2,864 m²
Building footprint
722 m²
Volume, LiDAR
7,073 m³
Parcel 21018A0002/00P007, Brussels · tallest building 15.3 m, ±3 floors. Linked by address, not a title deed.
74
companies at this address
See who is registered here
1 establishment unit
PRINTHAGEN
since 20032.134.411.259
1 parcel
Brussels
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 21018A0002/00P007 | Brussels | 2,864 m² | 1 · 722 m² | 15.3 m · 3 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.
Mandate history
1 person since 2026, 1 in office
- Statutory auditor
| Name | Functions and periods |
|---|---|
| KPMG Bedrijfsrevisoren BV |
|
Structure & network
Part of the group
TERRA FECUNDA
37 companies
Group, risk and exposure
Owners and holdings
1 ownerChain of control
- TERRA FECUNDA
- PRINTHAGEN
Highest known parent: TERRA FECUNDA. The sources do not say who stands above it.
Owners 1
- TERRA FECUNDAparent100%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Subsidies and aid
Flemish government
2024 · 1 entry · 10,469 EUR awarded| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 10,469 EUR | 0 EUR |
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Company details
Identification
Legal formPrivate limited company
Founded25-09-2003
Fiscal year end31-12
Activities, NACEBEL 2025
70200Business and other management consultancy
E-invoicing
Reachable via Peppol
Peppol ID
0208:0860717028
Registered
02-04-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.