Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 3 % of short-term debt in 2025; threshold 65 %.
Financials
Financial year 2025
MUST GRAPHICS & COMMUNICATION from Wichelen, company number BE0880042002, closed financial year 2025 with a result of € -9,400 after tax. For that financial year MUST GRAPHICS & COMMUNICATION recorded a gross margin of € -8,226 and equity of € 5,157. Compared with financial year 2024, the result moved from € 4,517 to € -9,400. The company made a loss. The buffer shrank hard: equity is 65 % below last year. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on May 27, 2026.
€ 5,157
▼ 65% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -9,400
▼ still € 4,517 profit in 2024
Profit after tax over the fiscal year.
€ 0
▼ 100% vs 2024
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -7,443.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 1,699
▼ 35% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
€ 922
Loans from banks and other lenders, long and short.
€ 2,728
▼ 28% vs 2024
Supplier invoices still open on the last day of the fiscal year.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 26,248 | € -10,085 | € 4,689 | € -8,226 | ▼ € 12,914 |
| Profit after taxes | € 12,090 | € -23,163 | € 4,517 | € -9,400 | ▼ € 13,917 |
| Equity | € 57,488 | € 10,041 | € 14,558 | € 5,157 | ▼ 65% |
| Total debts | € 16,444 | € 37,159 | € 45,872 | € 45,745 | |
| Cash | € 12,372 | € 2,571 | € 11,669 | € 0 | ▼ 100% |
| Land & buildings | € 749 | € 500 | € 250 | € 0 | ▼ 100% |
| Retained profit | € 44,888 | € -2,559 | € 1,958 | € -7,443 | ▼ € 9,400 |
| Dividend | € 0 | € 24,284 | € 0 | € 0 | |
| Bank debt | € 2,294 | € 0 | € 0 | € 922 | |
| Balance sheet total | € 74,025 | € 47,200 | € 60,430 | € 50,903 | ▼ 16% |
Key figures of MUST GRAPHICS & COMMUNICATION, 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 MUST GRAPHICS & COMMUNICATION?
What happened at MUST GRAPHICS & COMMUNICATION in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 9,400 (▼ € 13,917 vs 2024). Source: NBB ↗
- New establishment in Wichelen. KBO
- Stephan Muysers became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 12,090 profit in 2022 to € 9,400 loss in 2025.
Paid € 1,238 in corporate taxes since 2022.
Best year ever: 2022, with € 12,090 profit.
Paid out € 24,284 in dividends to the owners in total.
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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
Behind MUST GRAPHICS & COMMUNICATION is Stephan Muysers.
Directors
According to the 2025 annual accounts
Stephan Muysers
Director
since 2006
Establishments
Establishment units
Physical locations of this company
Dendermondsesteenweg 58
9260 Wichelen
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0880.042.002
- VAT number
- BE 0880.042.002
- Registered office
- Dendermondsesteenweg 58, 9260 Wichelen
- Names & denominations
- MUST GRAPHICS & COMMUNICATION
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 17 March 2006
- Peppol
- Active · Active since 22 Oct 2024
- Activities · NACE
Prepress- en premediadiensten
Prepress-activiteiten
Activiteiten van fotografen, met uitzondering van persfotografen
Overige gespecialiseerde ontwerpactiviteiten
Activiteiten van reclamebureaus
Hulpactiviteiten in verband met drukkerijen
Publiciteitsagentschappen
Fotostudio's en overige fotografische activiteiten
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