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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Negative equity NBB
More debt than assets in 2 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 10 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
Graphic Art from Waasmunster, company number BE0681952362, closed financial year 2025 with a result of € -124,172 after tax. For that financial year Graphic Art recorded a gross margin of € -29,521 and equity of € -200,071. Compared with financial year 2024, the result moved from € -96,974 to € -124,172. The company made a loss. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 27, 2026.
€ -200,071
▼ € 124,172 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -124,172
▼ 28 % more loss than in 2024
Profit after tax over the fiscal year.
€ 3,943
▼ 44% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -206,871.
People and assets in 2025
€ 310,181
▼ 20% vs 2024
Of which on lease € 309,059.
Debts at end 2025
€ 315,933
▼ 20% vs 2024
€ 79,065 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 230,411
▲ 87% vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 17,568 | € 27,745 | € -71,879 | € -29,521 | ▲ € 42,358 |
| Profit after taxes | € 10,580 | € 11,806 | € -96,974 | € -124,172 | ▼ € 27,198 |
| Equity | € 9,269 | € 21,076 | € -75,899 | € -200,071 | ▼ € 124,172 |
| Total debts | € 40,659 | € 29,933 | € 554,272 | € 576,750 | ▲ 4% |
| Cash | € 14,712 | € 320 | € 7,077 | € 3,943 | ▼ 44% |
| Retained profit | € 2,469 | € 14,276 | € -82,699 | € -206,871 | ▼ € 124,172 |
| Bank debt | € 0 | € 0 | € 396,708 | € 315,933 | ▼ 20% |
| Balance sheet total | € 49,928 | € 51,009 | € 478,374 | € 376,679 | ▼ 21% |
Key figures of Graphic Art, 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 Art?
What happened at Graphic Art in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 124,172. filed late Source: NBB ↗
- New establishment in Waasmunster. KBO
- Philippe Foncke became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 10,580 profit in 2022 to € 124,172 loss in 2025.
Paid € 10,723 in corporate taxes since 2022.
Best year ever: 2023, with € 11,806 profit.
Management
Behind Graphic Art is Philippe Foncke.
Directors
According to the 2025 annual accounts
Philippe Foncke
Director
since 2017
Establishments
Establishment units
Physical locations of this company
Kerkstraat 1
9250 Waasmunster
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
COMBELL-AS, BE
Domain
Domain
graphic-art.eu
Registrar
Combell NV
Website info
Features
Security
Network
Details
- Company number
- 0681.952.362
- VAT number
- BE 0681.952.362
- Registered office
- Kerkstraat 1, 9250 Waasmunster
- Names & denominations
- Graphic Art
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 30 September 2017
- Peppol
- Active · Active since 30 Jan 2025
- Contact
- graphic-art.eu
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