Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Tight liquidity NBB
Cash and receivables cover 64 % of short-term debt in 2025; threshold 65 %.
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Shrinking team NBB
FTE fell two years in a row, from 64.4 to 51.
Financials
Financial year 2025
SNEL GRAFICS from Herstal, company number BE0440957842, closed financial year 2025 with a result of € 47,474 after tax. For that financial year SNEL GRAFICS recorded revenue of € 11.2 million and equity of € 1.3 million. Compared with financial year 2024, the result moved from € -576,075 to € 47,474. Profitable, and profit is growing. The buffer is growing. Debts are under control. The most recent annual accounts were filed with the National Bank of Belgium on June 30, 2026.
€ 1.3 million
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 47,474
▲ still € 576,075 loss in 2024
Profit after tax over the fiscal year.
€ 653,364
▼ 21% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € -4.2 million.
People and assets in 2025
51
▼ 6 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 3.3 million
▼ 4% vs 2024
€ 64,200 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 3.1 million
▼ 10% vs 2024
Of which on lease € 3.1 million.
Debts at end 2025
€ 4 million
▲ 16% vs 2024
€ 507,542 is repaid this year. At this pace the long-term loan is gone in ≈ 5 years.
€ 1.3 million
▼ 27% vs 2024
Supplier invoices still open on the last day of the fiscal year. Pays suppliers within 69 days on average.
€ 498,047
▼ 28% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Revenue | € 11,468,878 | € 10,653,872 | € 11,822,115 | € 11,176,567 | ▼ 5% |
| Profit after taxes | € -463,681 | € -1,042,155 | € -576,075 | € 47,474 | ▲ € 623,549 |
| Equity | € 2,025,477 | € 1,992,865 | € 1,325,231 | € 1,326,708 | |
| Total debts | € 6,996,166 | € 6,524,472 | € 6,201,322 | € 5,858,719 | ▼ 6% |
| Cash | € 228,065 | € 175,473 | € 822,341 | € 653,364 | ▼ 21% |
| Land & buildings | - | - | - | € 1,842 | |
| Retained profit | € -2,669,903 | € -3,712,058 | € -4,288,133 | € -4,240,659 | ▲ € 47,474 |
| Bank debt | € 5,233,944 | € 4,370,901 | € 3,478,884 | € 4,028,922 | ▲ 16% |
| Balance sheet total | € 9,021,643 | € 8,517,337 | € 7,526,553 | € 7,185,427 | ▼ 5% |
| Employees (FTE) | 68.7 | 64.4 | 57 | 51 | ▼ 6 |
Key figures of SNEL GRAFICS, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to SNEL GRAFICS?
What happened at SNEL GRAFICS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- Johan Hatert stepped down as director. NBB
- NOSHAQ PARTNERS SC stepped down as director. NBB
- CONSIGNES SA stepped down as director. NBB
- EDIPRINT INVEST SA stepped down as director. NBB
- Denis Richelle stepped down as director. NBB
- New annual accounts for financial year 2025: profit of € 47,474. Source: NBB ↗
- Johan Hatert became a director. NBB
- NOSHAQ PARTNERS SC became a director. NBB
In short
From € 463,681 loss in 2022 to € 47,474 profit in 2025.
Paid € 9,169 in corporate taxes since 2022.
Best year ever: 2025, with € 47,474 profit.
Pays suppliers within 69 days on average.
Management
The stake of EDIPRINT INVEST, NOSHAQ comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
SNEL GRAFICSThe shares are held by EDIPRINT INVEST (65.4%) and NOSHAQ (25%).
Directors
According to the 2025 annual accounts
since 2021 · until 2027
Director · represented by Dimitri Liquet
Also active at: CAUTION MUTUELLE DES METIERS ET NEGOCES, Fonderies J. Marichal Ketin et Cie, DARDENNE, SOGECOM, VITAVERDE.BIO, HAEMERS Technologies, SPACEBEL, NOSHAQ VENTURE +169 more
since 2021 · until 2027
Director · represented by Michel Mikolajczak
Also active at: MOURY CONSTRUCT, ALULACK, H2G
since 2021 · until 2027
Personne déléguée à la gestion journalière · represented by Roland Soubras
Also active at: FOURCHES 21, BE EMKA
since 2021 · until 2027
Denis Richelle
Director
Also active at: Henkens frères, Jean Del'cour, CLABOTS, ASL MANAGEMENT, LARAL, LA TERRA, DEMICH, GMC Hg
since 2021 · until 2027
Shareholders
65.4%
25%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Rue du Fond des Fourches 21
4041 Herstal
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 2 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0440.957.842
- VAT number
- BE 0440.957.842
- Registered office
- Rue du Fond des Fourches 21, 4041 Herstal
- Names & denominations
- SNEL GRAFICS
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 25 May 1990
- Peppol
- Active · Active since 7 Oct 2025
- Activities · NACE
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