Graphene.Works
ActiveSummary
Graphene.Works has been active since 2017 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €29k and a net result of €55k. Equity is shrinking by ~34.6% per year across the filed fiscal years. Its solvency ranks better than 14% of 31694 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.2% (very low).
Checked score
Score 2025
73
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability85▼-15
Solvency32▼-24
Growth32=
Track record100
Bankruptcy probability, 12 months
0.2%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €2k at 30 days acceptable
Liquidity tight (current ratio 1.06 against 2.16 in 2024; short-term debt: 53.7% and cash: 41.1% of total assets), and 93.1% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 70
Relative position
BE, all sectors
reference
Sector 70
lower
← 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 2025Solvency, return and age of the figures
Solvency
6.9%
Return on assets
13.2%
Age of the figures
9 mo
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 14% of 31694 sector peers (2025).
NBB · sector comparisonPosition among 31694 sector peers
Solvency
better than 14%
← weakest
strongest →
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 15-09-2026, 46 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 · 8 filingsDeviation from the deadline
2025
46 d late
2024
4 d late
2023
2 d late
2022
20 d early
2021
33 d early
2020
6 d late
2019
45 d late
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€29k▼ 79.3%
2024 · €138k
2018: €890k
2019: €970k
2020: €970k
2021: €241k
2022: €190k
2023: €186k
2024: €138k
2018 → 2025
Total assets
€413k▼ 6.5%
2024 · €442k
2018: €894k
2019: €1.02M
2020: €1.15M
2021: €1.24M
2022: €806k
2023: €598k
2024: €442k
2018 → 2025
Net result
€55k▼ 51.4%
2024 · €113k
2018: €820k
2019: €80k
2020: €83k
2021: €138k
2022: €176k
2023: €129k
2024: €113k
2018 → 2025
Working capital
€14k▼ 87.8%
2024 · €112k
2018: €522k
2019: €605k
2020: €620k
2021: €-163k
2022: €125k
2023: €142k
2024: €112k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€241k-€190k▼ 21.3%€186k▼ 2.0%€138k▼ 25.5%€29k▼ 79.3%
Operating result€157k-€214k▲ 36.3%€175k▼ 18.6%€157k▼ 10.1%€71k▼ 55.0%
Net result€138k-€176k▲ 27.7%€129k▼ 27.0%€113k▼ 12.4%€55k▼ 51.4%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result has fallen three years in a row; 2025 is 55% below 2024 and is the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €413k
Fixed assets
€178k ▼ 23.6%
Current assets
€236k ▲ 12.4%
Equity and liabilities €413k
Equity
€29k ▼ 79.3%
Debt
€385k ▲ 26.6%
Debt's share of the balance-sheet total rises from 68.7% to 93.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€126k▼
2024 · €246k
Cash flow
€110k▼
2024 · €202k
Current ratio
1.06▼
2024 · 2.16
Debt to equity
13.44▲
2024 · 2.20
ROE
191.2%▲
2024 · 81.4%
ROA
13.2%▼
2024 · 25.5%
Interest coverage
38.58▼
2024 · 52.66
Debt ≤ 1 year
€222k▲
2024 · €97k
Debt > 1 year
€163k▼
2024 · €207k
Income taxes
€15k▼
2024 · €40k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 47 lines
Balance sheet
Code20242025
Assets
Total assets20/58€442k€413k▼
Fixed assets21/28€233k€178k▼
Tangible fixed assets22/27€233k€178k▼
Furniture and vehicles24€6k€2k▼
Other tangible fixed assets26€227k€176k▼
Current assets29/58€210k€236k▲
Amounts receivable within one year40/41€37k€54k▲
Trade receivables40€31k€28k▼
Other amounts receivable41€6k€26k▲
Cash at bank and in hand54/58€158k€170k▲
Deferred charges and accrued income490/1€15k€12k▼
Equity and liabilities
Total equity and liabilities10/49€442k€413k▼
Equity10/15€138k€29k▼
Contributions10/11€21k€21k=
Reserves13€117k€8k▼
Tax-exempt reserves132€8k€8k=
Distributable reserves133€110k-
Amounts payable17/49€304k€385k▲
Amounts payable after more than one year17€207k€163k▼
Financial debts170/4€207k€163k▼
Amounts payable within one year42/48€97k€222k▲
Current portion of amounts payable after more than one year42€70k€44k▼
Trade debts44€8k€2k▼
Suppliers440/4€8k€2k▼
Taxes, remuneration and social security45€10k€7k▼
Taxes450/3€10k€7k▼
Other amounts payable47/48€9k€169k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€89k€55k▼
Other operating charges640/8€747€648▼
Non-recurring operating charges66A€967-
Gross operating margin9900€248k€126k▼
Operating profit (loss)9901€157k€71k▼
Financial income75/76B€151€2k▲
Recurring financial income75€151€2k▲
Financial charges65/66B€5k€3k▼
Recurring financial charges65€5k€3k▼
Profit (loss) for the period before taxes9903€152k€70k▼
Income taxes67/77€40k€15k▼
Profit (loss) for the period9904€113k€55k▼
Profit (loss) for the period to be appropriated9905€113k€55k▼
Appropriation of the result
Profit (loss) to be appropriated9906€113k€55k▼
Transfer from equity791/2€133k€110k▼
Transfer to equity691/2€86k-
To other reserves6921€86k-
Profit to be distributed694/7€160k€164k▲
Return on contributions (dividend)694€157k€161k▲
Directors or managers695€3k€3k=
The notes to these accounts (7 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
15-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 46 days late
2025
31-12
Financial
Weakest financial yearnet €55k ▼51.4%
Net result drops to €55k, the lowest in the series.
04-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 4 days late
2024
02-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 2 days late
2023
11-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Liquidity doublescurrent ratio 1.46
Current ratio from 0.72 to 1.46; short-term debt falls from €581k to €270k.
28-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
06-08
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 6 days late
2020
14-09
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 45 days late
2019
22-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 22 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Antwerpen · 2 establishment units since 2017
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Rubenslei 22018 AntwerpenGround area
1,670 m²
Building footprint
1,117 m²
Volume, LiDAR
10,667 m³
2 parcels, Flanders · tallest building 38.0 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
Graphene.Works
since 20172.260.610.140
Graphene.Works
since 20212.335.119.206
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11808H1207/00Y007 | Flanders | 1,462 m² | 1 · 1,007 m² | 38.0 m · 1 fl. |
| 31803C1345/00G000 | Flanders | 208 m² | 1 · 110 m² | 14.7 m · 3 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).
Public money · subsidies and aid
Flemish government
2023 to 2024 · 2 entries · 4,016 EUR awarded · 3,373 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2024 | 1 | 1,257 EUR | 614 EUR |
| 2023 | 1 | 2,759 EUR | 2,759 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
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Of 82,562 companies in sector 70200 we hold annual accounts for 52,574. 34,075 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded02-01-2017
Fiscal year end31-12
Abbreviation NL
Graphene
Activities, NACEBEL 2025
70200Business and other management consultancy
Sources
Crossroads Bank for EnterprisesNational Bank · 8 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.