V - PRIM
ActiveSummary
V - PRIM has been active since 1994 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €373,160 and a net result of €86,997. Equity is shrinking by ~3.1% per year across the filed fiscal years. Its solvency ranks better than 87% of 199 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.3% (very low).
Checked score
Score 2024
Axes · tick = 2023
Profitability93▲+93
Solvency100▲+7
Growth58▲+26
Track record100
Bankruptcy probability, 12 months
0.3%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €30,000 at 30 days acceptable
Liquidity ample (current ratio 4.35 against 1.72 in 2023; short-term debt: 15.4% and cash: 32.1% of total assets), and 15.4% of the assets are financed with debt.
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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
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 2024Solvency, return and age of the figures
Solvency
84.6%
Return on assets
19.7%
Age of the figures
21 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 30-09-2025, 61 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
61 d late
2023
6 d late
2022
31 d late
2021
54 d late
2020
160 d late
2019
89 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 67 days after the deadline; the sector median for financial year 2024 is 6 days before the deadline, and 38% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2024, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€86,997
2023 · -€104,598
Working capital
€227,737▲ 171%
2023 · €84,111
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 18, Printing and reproduction of recorded media, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20202021202220232024
Operating result-€29,802▲ 21.3%€14,883-€8,723-€110,726▼ 1,169%€87,602
Net result-€30,083below the sector's middle half▲ 18.4%€17,309within the sector's middle half-€10,907below the sector's middle half-€104,598below the sector's middle half▼ 859%€86,997within the sector's middle half
Equity€384,360within the sector's middle half▼ 7.3%€401,669within the sector's middle half▲ 4.5%€390,761within the sector's middle half▼ 2.7%€286,163within the sector's middle half▼ 26.8%€373,160within the sector's middle half▲ 30.4%
Total assets€526,562within the sector's middle half▼ 32.4%€538,573within the sector's middle half▲ 2.3%€536,691within the sector's middle half▼ 0.3%€421,921within the sector's middle half▼ 21.4%€441,226within the sector's middle half▲ 4.6%
Debt€142,202▼ 61.0%€136,905▼ 3.7%€145,930▲ 6.6%€135,758▼ 7.0%€68,067▼ 49.9%
Working capital€107,249within the sector's middle half▲ 45.3%€140,612within the sector's middle half▲ 31.1%€146,959within the sector's middle half▲ 4.5%€84,111within the sector's middle half▼ 42.8%€227,737within the sector's middle half▲ 171%
Solvency73.0%above the sector's middle half▲ 19.8pp74.6%above the sector's middle half▲ 1.6pp72.8%above the sector's middle half▼ 1.8pp67.8%above the sector's middle half▼ 5.0pp84.6%above the sector's middle half▲ 16.7pp
Current ratio1.94within the sector's middle half▲ 0.622.07within the sector's middle half▲ 0.132.12within the sector's middle half▲ 0.051.72within the sector's middle half▼ 0.404.35above the sector's middle half▲ 2.63
Return on assets (ROA)-5.7%below the sector's middle half▼ 1.0pp3.2%within the sector's middle half▲ 8.9pp-2.0%below the sector's middle half▼ 5.2pp-24.8%below the sector's middle half▼ 22.8pp19.7%above the sector's middle half▲ 44.5pp
Staff (FTE)6.3within the sector's middle half▼ 16.0%5.9within the sector's middle half▼ 6.3%5.2within the sector's middle half▼ 11.9%4.8within the sector's middle half▼ 7.7%3.4within the sector's middle half▼ 29.2%
above
within
below
the middle half (P25 to P75) of NACE 18, Printing and reproduction of recorded media, each year against the same schema; no band under 30 filings.
Result per fiscal year
Operating resultNet result
The operating result returns to profit in 2024: €87,602 after a loss of €110,726 in 2023, the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €441,226
Fixed assets
€145,423 ▼ 34.0%
Current assets
€295,803 ▲ 46.7%
Equity and liabilities €441,226
Equity
€373,160 ▲ 30.4%
Debt
€68,067 ▼ 49.9%
Debt's share of the balance-sheet total falls from 32.2% to 15.4%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€99,001▲
2023 · -€76,223
Cash flow
€98,396▲
2023 · -€70,095
Quick ratio
4.26▲
2023 · 1.66
Debt to equity
0.18▼
2023 · 0.47
ROE
23.3%▲
2023 · -36.6%
Interest coverage
27.78▲
2023 · -43.00
Debt ≤ 1 year
€68,067▼
2023 · €117,536
Income taxes
€3,126
Staff costs
€161,383▼
2023 · €248,714
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,349 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.4%
went bankrupt
5.9%
stopped otherwise
93%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 0.3% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 31,349 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 | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €10,210 | €24,312 | - | €14,956 | - |
| Remuneration, social security and pensions62 | - | €151,387 | €204,613 | €248,714 | €161,383 | ▼ 35.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €63,149 | €38,258 | €41,860 | €34,503 | €11,399 | ▼ 67.0% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | - | €771 | €749 | ▼ 2.9% |
| Other operating charges640/8 | - | €18,178 | €10,348 | €19,993 | €15,764 | ▼ 21.2% |
| Non-recurring operating charges66A | - | €172 | - | €209 | €338 | ▲ 61.6% |
| Gross operating margin9900 | €289,725 | €222,878 | €248,099 | €193,464 | €277,235 | ▲ 43.3% |
| Operating profit (loss)9901 | -€29,802 | €14,883 | -€8,723 | -€110,726 | €87,602 | ▲ 179% |
| Financial income75/76B | - | €5,480 | €6,060 | €7,901 | €6,083 | ▼ 23.0% |
| Recurring financial income75 | €10,028 | €5,480 | €6,060 | €7,901 | €6,083 | ▼ 23.0% |
| Financial charges65/66B | - | €2,580 | €1,872 | €1,773 | €3,563 | ▲ 101% |
| Recurring financial charges65 | €9,770 | €2,580 | €1,872 | €1,773 | €3,563 | ▲ 101% |
| Profit (loss) for the period before taxes9903 | -€29,544 | €17,782 | -€4,535 | -€104,598 | €90,122 | ▲ 186% |
| Income taxes67/77 | €539 | €473 | €6,372 | - | €3,126 | - |
| Profit (loss) for the period9904 | -€30,083 | €17,309 | -€10,907 | -€104,598 | €86,997 | ▲ 183% |
| Transfer from tax-exempt reserves789 | - | - | - | €7,500 | - | - |
| Profit (loss) for the period to be appropriated9905 | -€30,083 | €17,309 | -€10,907 | -€97,098 | €86,997 | ▲ 190% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €526,562 | €538,573 | €536,691 | €421,921 | €441,226 | ▲ 4.6% |
| Fixed assets21/28 | €304,613 | €266,355 | €258,476 | €220,273 | €145,423 | ▼ 34.0% |
| Intangible fixed assets21 | - | €0 | - | - | - | - |
| Tangible fixed assets22/27 | €289,991 | €251,733 | €243,855 | €209,352 | €134,502 | ▼ 35.8% |
| Land and buildings22 | - | €238,149 | €216,530 | €194,910 | €120,760 | ▼ 38.0% |
| Plant, machinery and equipment23 | - | - | €1,100 | €1,101 | €1,101 | = |
| Furniture and vehicles24 | - | €2,069 | €3,164 | €1,795 | €1,095 | ▼ 39.0% |
| Leasing and similar rights25 | - | €11,515 | €23,061 | €11,546 | €11,546 | = |
| Financial fixed assets28 | €14,622 | €14,622 | €14,622 | €10,922 | €10,922 | = |
| Current assets29/58 | €221,949 | €272,219 | €278,215 | €201,648 | €295,803 | ▲ 46.7% |
| Stocks and contracts in progress3 | €9,825 | €7,500 | €7,025 | €6,850 | €5,850 | ▼ 14.6% |
| Stocks30/36 | - | €7,500 | €7,025 | €6,850 | €5,850 | ▼ 14.6% |
| Amounts receivable within one year40/41 | €164,348 | €214,603 | €194,354 | €162,157 | €146,919 | ▼ 9.4% |
| Trade receivables40 | - | €125,007 | €98,639 | €64,608 | €43,066 | ▼ 33.3% |
| Other amounts receivable41 | - | €89,596 | €95,714 | €97,549 | €103,854 | ▲ 6.5% |
| Cash at bank and in hand54/58 | €27,444 | €48,268 | €75,681 | €28,129 | €141,645 | ▲ 404% |
| Deferred charges and accrued income490/1 | - | €1,847 | €1,155 | €4,513 | €1,389 | ▼ 69.2% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €526,562 | €538,573 | €536,691 | €421,921 | €441,226 | ▲ 4.6% |
| Equity10/15 | €384,360 | €401,669 | €390,761 | €286,163 | €373,160 | ▲ 30.4% |
| Contributions10/11 | €62,000 | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Capital10 | - | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Issued capital100 | - | €62,000 | €62,000 | €62,000 | €62,000 | = |
| Reserves13 | €552,576 | €552,576 | €552,576 | €545,076 | €545,076 | = |
| Non-distributable reserves130/1 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Legal reserve130 | - | €6,200 | €6,200 | €6,200 | €6,200 | = |
| Tax-exempt reserves132 | - | €7,500 | €7,500 | - | - | - |
| Distributable reserves133 | - | €538,876 | €538,876 | €538,876 | €538,876 | = |
| Profit (loss) carried forward14 | -€230,216 | -€212,907 | -€223,815 | -€320,913 | -€233,916 | ▲ 27.1% |
| Amounts payable17/49 | €142,202 | €136,905 | €145,930 | €135,758 | €68,067 | ▼ 49.9% |
| Amounts payable after more than one year17 | €27,435 | €5,298 | €14,674 | €10,831 | - | - |
| Financial debts170/4 | - | €5,298 | €14,674 | €10,831 | - | - |
| Amounts payable within one year42/48 | €114,700 | €131,607 | €131,256 | €117,536 | €68,067 | ▼ 42.1% |
| Current portion of amounts payable after more than one year42 | - | €22,138 | €9,049 | €3,843 | - | - |
| Trade debts44 | €36,636 | €64,428 | €66,473 | €39,428 | €33,676 | ▼ 14.6% |
| Suppliers440/4 | - | €64,428 | €66,473 | €39,428 | €33,676 | ▼ 14.6% |
| Taxes, remuneration and social security45 | - | €45,042 | €55,735 | €74,265 | €34,390 | ▼ 53.7% |
| Taxes450/3 | - | €24,480 | €19,681 | €22,211 | €20,031 | ▼ 9.8% |
| Remuneration and social security454/9 | - | €20,561 | €36,054 | €52,055 | €14,359 | ▼ 72.4% |
| Accrued charges and deferred income492/3 | - | - | - | €7,391 | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€30,083 | €17,309 | -€10,907 | -€104,598 | €86,997 | ▲ 183% |
| + Depreciation and write-downs630 | €63,149 | €38,258 | €41,860 | €34,503 | €11,399 | ▼ 67.0% |
| Operating cash flow (approximation) | €33,066 | €55,566 | €30,953 | -€70,095 | €98,396 | ▲ 240% |
| Investment in fixed assets (approximation) | - | €1 | -€33,981 | €3,700 | €63,451 | ▲ 1,615% |
| Change in cash | - | €20,824 | €27,414 | -€47,553 | €113,516 | ▲ 339% |
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
2025
30-09
NBB filing
Annual accounts filed
fiscal year 2024 · full schema · 61 days late
2024
31-12
Financial
Back to profitnet €86,997
Net result €86,997 after 2 loss-making years.
31-12
Financial
Liquidity triplescurrent ratio 4.35
Current ratio from 1.72 to 4.35; short-term debt falls from €117,536 to €68,067.
06-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 6 days late
2023
31-12
Financial
Weakest financial yearnet -€104,598
Net result drops to -€104,598, the lowest in the series; recovery starts the following year.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · full schema · 31 days late
2022
23-09
NBB filing
Annual accounts filed
fiscal year 2021 · full schema · 54 days late
07-01
NBB filing
Annual accounts filed
fiscal year 2020 · full schema · 160 days late
2021
31-12
Financial
Back to profitnet €17,309
Net result €17,309 after 3 loss-making years.
2020
28-10
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 89 days late
2019
30-08
NBB filing
Annual accounts filed
fiscal year 2018 · full schema · 30 days late
2018
31-08
NBB filing
Annual accounts filed
fiscal year 2017 · full schema · 31 days late
2017
31-08
NBB filing
Annual accounts filed
fiscal year 2016 · full schema · 31 days late
2016
31-08
NBB filing
Annual accounts filed
fiscal year 2015 · full schema · 31 days late
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, Mouscron · 1 establishment unit since 1994
Ground area
651 m²
Building footprint
66 m²
Volume, LiDAR
663 m³
Parcel 54434F1086/00B008, Wallonia · tallest building 12.4 m, ±4 floors. Linked by address, not a title deed.
1 establishment unit
Tuquetplein 31, 7700 Mouscron
since 19942.067.594.788
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 54434F1086/00B008 | Wallonia | 651 m² | 1 · 66 m² | 12.4 m · 4 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 1,597 companies in sector 18120 we hold annual accounts for 809. 599 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded01-01-1994
Fiscal year end31-12
Activities, NACEBEL 2025
18120Other printing
E-invoicing
Reachable via Peppol
Peppol ID
0208:0452342474
Registered
27-03-2026
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.