Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Two loss years in a row NBB
Negative result in 2024 and 2025.
-
Tight liquidity NBB
Cash and receivables cover 2 % of short-term debt in 2025; threshold 65 %.
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Figures corrected NBB
Corrected annual account filed for 2024.
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Busy address KBO
19 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
GRAPHIC NARRATIVE ART PROJECT from Vorst, company number BE0525957358, closed financial year 2025 with a result of € -856,389 after tax. For that financial year GRAPHIC NARRATIVE ART PROJECT recorded a gross margin of € -548,289 and equity of € 1.9 million. Compared with financial year 2024, the result moved from € -861,155 to € -856,389. The company made a loss. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 31, 2026.
€ 1.9 million
▲ € 6.6 million vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -856,389
▲ 1 % less loss than in 2024
Profit after tax over the fiscal year.
€ 3,677
▼ 87% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -8.7 million.
People and assets in 2025
1
▲ 0.1 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 41,815
▲ 17% vs 2024
€ 41,800 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.
€ 2,761
▼ 32% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 43,663
▼ 77% vs 2024
€ 30,729 is repaid this year. At this pace the long-term loan is gone in ≈ 1 years.
€ 70,833
▼ 54% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 9,244
▲ 47% vs 2024
Wages, holiday pay and social contributions still to pay. No outstanding taxes.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -488,574 | € -443,575 | € -519,050 | € -548,289 | ▼ € 29,239 |
| Profit after taxes | € -1,163,613 | € -1,233,663 | € -861,155 | € -856,389 | ▲ € 4,766 |
| Equity | € -2,635,403 | € -3,869,066 | € -4,730,220 | € 1,913,391 | ▲ € 6.6 million |
| Total debts | € 8,269,272 | € 9,366,838 | € 10,195,530 | € 3,271,821 | ▼ 68% |
| Cash | € 83,727 | € 14,579 | € 27,245 | € 3,677 | ▼ 87% |
| Land & buildings | € 5,471,539 | € 5,391,745 | € 5,235,671 | € 5,100,967 | ▼ 3% |
| Retained profit | € -5,735,403 | € -6,969,066 | € -7,830,220 | € -8,686,609 | ▼ € 856,389 |
| Bank debt | € 679,069 | € 343,092 | € 189,441 | € 43,663 | ▼ 77% |
| Balance sheet total | € 5,633,869 | € 5,497,772 | € 5,465,310 | € 5,185,212 | ▼ 5% |
| Employees (FTE) | 1.4 | 1.2 | 0.9 | 1 | ▲ 0.1 |
Key figures of GRAPHIC NARRATIVE ART PROJECT, 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 GRAPHIC NARRATIVE ART PROJECT?
What happened at GRAPHIC NARRATIVE ART PROJECT in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 856,389. Source: NBB ↗
- New establishment in Gembloux. KBO
- Philippe BOON became a director. NBB
- New establishment in Brussel. KBO
- Start of the company according to the CBE. KBO
In short
From € 1.2 million loss in 2022 to € 856,389 loss in 2025.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
The stake of BELGIAN INVESTMENT HOLDING comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
GRAPHIC NARRATIVE ART PROJECTBehind GRAPHIC NARRATIVE ART PROJECT is Philippe BOON. The shares are held by BELGIAN INVESTMENT HOLDING (100%).
Directors
According to the 2025 annual accounts
Philippe BOON
Director
since 2023
Shareholders
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Brugmannlaan 147
1190 Vorst
Zennestraat 9-11
1000 Brussel
Active since 12 April 2013
Chaussée de Tirlemont 75A
5030 Gembloux
Active since 1 February 2026
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 19 companies are registered at this address.
All companies at this address →BELLO
€ -1,805 gross margin · 2025
BELCO BUSINESS CENTER AND FACILITIES
€ 593,562 gross margin · 2024
IMMO CONCORDE
€ 8,504 gross margin · 2025
RICHELLE SERVICES
€ 20,092 gross margin · 2025
CORPORATE FAMILY OFFICE INTERNATIONAL
€ -124 gross margin · 2025
+14 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0525.957.358
- VAT number
- BE 0525.957.358
- Registered office
- Brugmannlaan 147, 1190 Vorst
- Names & denominations
- GRAPHIC NARRATIVE ART PROJECT · G.N.A.P.
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 12 April 2013
- Peppol
- Active · Active since 12 Nov 2025
- Activities · NACE
Activiteiten van musea en collecties
Detailhandel in antiquiteiten
Musea
Detailhandel in boeken
Detailhandel in andere tweedehandsgoederen, muv tweedehandskleding
Detailhandel in cultuur- en recreatieartikelen, neg
Detailhandel in nieuwe kunstvoorwerpen in gespecialiseerde winkels