MAZOUT GRAPHICS

Active

Private limited companyfounded 200817 yrs activeDe Borrekensstraat 134, 2140 Antwerpen, BelgiumKBO/BCE: BE 0808.555.970

MAZOUT GRAPHICS has been active since 2008 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show negative equity (€-243) and a net result of €27k. The figures fluctuate too strongly year-on-year for a reliable trend projection. Its solvency ranks better than 17% of 1236 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.6% (low).

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Checked score

Score 2024

59 / 100

Fair

The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Negative equity caps the score. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability87▲+59

Solvency25▲+14

Growth78▲+20

Track record100

Bankruptcy probability, 12 months

0.6% Low

0%0.5%1.5%4%10%≥ 25%

No credit on open account

Liquidity ample (current ratio 1.7 against 1.36 in 2023; short-term debt: 42% and cash: 24.3% of total assets), but equity is negative.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.

−lowers risk+raises risk○neutral

Annual accounts: weaker financial profile

The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.

NBB · annual accounts 2024

Solvency, return and age of the figures

Solvency

-0.1%

Return on assets

14.4%

Age of the figures

21 mo

Long track record

A company with a long track record statistically fails less often than a young one.

KBO · incorporation date

Age against the risk zone

Lower-failure-rate sector

In this sector companies fail less often than the Belgian average.

Gazette · bankruptcies per sector, NACE 18

Relative position

BE, all sectors

reference

Sector 18

lower

← fewer bankruptcies more bankruptcies →

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 17% of 1236 sector peers (2024).

NBB · sector comparison

Position among 1236 sector peers

Solvency

better than 17%

← weakest strongest →

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 30-09-2025, 61 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 · 10 filings

Deviation from the deadline

2025

not confirmed

2024

61 d late

2023

31 d late

2022

60 d late

2021

31 d late

2020

27 d late

2019

100 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Equity

€-243▲ 99.1%

2023 · €-28k

2018: €-2k 2019: €12k 2020: €44k 2021: €45k 2022: €-21k 2023: €-28k

2018 → 2024

Total assets

€192k▼ 6.2%

2023 · €204k

2018: €239k 2019: €234k 2020: €264k 2021: €309k 2022: €242k 2023: €204k

2018 → 2024

Net result

€27k

2023 · €-7k

2018: €-19k 2019: €13k 2020: €32k 2021: €22k 2022: €-66k 2023: €-7k

2018 → 2024

Working capital

€57k▲ 53.2%

2023 · €37k

2018: €67k 2019: €74k 2020: €105k 2021: €100k 2022: €48k 2023: €37k

2018 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line20202021202220232024Trend

Equity€44k-€45k▲ 2.0%€-21k€-28k▼ 32.4%€-243▲ 99.1%

Operating result€42k-€40k▼ 5.7%€-59k€803€33k▲ 4,042%

Net result€32k-€22k▼ 31.9%€-66k€-7k▲ 89.6%€27k

Turnover and EBIT margin not published: the micro schema does not require them.

Result per fiscal year

Operating resultNet result

After the dip in 2022 the operating result has climbed two years in a row; 2024 is 4,042% above 2023.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €192k

28.4%

71.6%

Fixed assets €54k▼ 16.0%

Current assets €137k▼ 1.7%

Key figures and ratios

2024 value · change against 2023

EBITDA

€44k▲

2023 · €12k

Cash flow

€38k▲

2023 · €5k

Solvency

-0.1%▲

2023 · -13.6%

Current ratio

1.70▲

2023 · 1.36

Quick ratio

0.87▲

2023 · 0.77

ROA

14.4%▲

2023 · -3.3%

Interest coverage

7.64▲

2023 · 1.64

Debt

€192k▼

2023 · €232k

Debt ≤ 1 year

€81k▼

2023 · €103k

Debt > 1 year

€111k▼

2023 · €129k

Income taxes

€124▼

2023 · €195

Staff costs

€14k▼

2023 · €18k

Equity ratios withheld: equity of €-243 is too small for a meaningful ratio.

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€204k€192k▼

Fixed assets21/28€65k€54k▼

Intangible fixed assets21€1k€0▼

Tangible fixed assets22/27€63k€54k▼

Plant, machinery and equipment23€2k€1k▼

Furniture and vehicles24€46€0▼

Other tangible fixed assets26€61k€53k▼

Financial fixed assets28€304€304=

Current assets29/58€140k€137k▼

Stocks and contracts in progress3€61k€67k▲

Stocks30/36€61k€67k▲

Amounts receivable within one year40/41€17k€19k▲

Trade receivables40€7k€8k▲

Other amounts receivable41€9k€10k▲

Cash at bank and in hand54/58€56k€47k▼

Deferred charges and accrued income490/1€6k€5k▼

Equity and liabilities

Total equity and liabilities10/49€204k€192k▼

Equity10/15€-28k€-243▲

Contributions10/11€6k€6k=

Reserves13€34k€34k=

Non-distributable reserves130/1€2k€0▼

Reserves not available under the articles1311€2k€0▼

Distributable reserves133€32k€34k▲

Profit (loss) carried forward14€-68k€-41k▲

Amounts payable17/49€232k€192k▼

Amounts payable after more than one year17€129k€111k▼

Financial debts170/4€129k€111k▼

Amounts payable within one year42/48€103k€81k▼

Current portion of amounts payable after more than one year42€12k€15k▲

Financial debts43€3k€2k▼

Credit institutions430/8€3k€2k▼

Trade debts44€21k€25k▲

Suppliers440/4€21k€25k▲

Taxes, remuneration and social security45€12k€9k▼

Taxes450/3€10k€7k▼

Remuneration and social security454/9€2k€2k▼

Other amounts payable47/48€55k€29k▼

Accrued charges and deferred income492/3€157€142▼

Income statement Code20232024

Remuneration, social security and pensions62€18k€14k▼

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€11k€10k▼

Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€0-

Other operating charges640/8€121€317▲

Gross operating margin9900€31k€57k▲

Operating profit (loss)9901€803€33k▲

Financial income75/76B€106€54▼

Recurring financial income75€106€54▼

Financial charges65/66B€8k€6k▼

Recurring financial charges65€8k€6k▼

Profit (loss) for the period before taxes9903€-7k€28k▲

Income taxes67/77€195€124▼

Profit (loss) for the period9904€-7k€27k▲

Profit (loss) for the period to be appropriated9905€-7k€27k▲

Appropriation of the result

Profit (loss) to be appropriated9906€-68k€-41k▲

Profit (loss) brought forward from the previous period14P€-61k€-68k▼

Transfer from equity791/2€0-

The notes to these accounts (18 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 14Financial 4Filings 10

2025

30-09

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 61 days late

2024

31-12

Financial Back to profitnet €27k

Net result €27k after 2 loss-making years.

31-08

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 31 days late

2023

29-09

NBB filing Annual accounts filed

fiscal year 2022 · micro schema · 60 days late

2022

31-12

Financial Weakest financial yearnet €-66k ▼400%

Net result drops to €-66k, the lowest in the series; recovery starts the following year.

31-08

NBB filing Annual accounts filed

fiscal year 2021 · micro schema · 31 days late

2021

27-08

NBB filing Annual accounts filed

fiscal year 2020 · micro schema · 27 days late

2020

31-12

Financial Highest result since 2018net €32k ▲139%

Operating result €42k, net result €32k, both a record.

08-11

NBB filing Annual accounts filed

fiscal year 2019 · micro schema · 100 days late

2019

31-12

Financial Back to profitnet €13k

Net result €13k after one loss-making year.

31-08

NBB filing Annual accounts filed

fiscal year 2018 · micro schema · 31 days late

2018

28-09

NBB filing Annual accounts filed

fiscal year 2017 · micro schema · 59 days late

2017

29-09

NBB filing Annual accounts filed

fiscal year 2016 · micro schema · 60 days late

2016

29-08

NBB filing Annual accounts filed

fiscal year 2015 · abbreviated schema · 29 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

2 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 · 1 establishment unit since 2008

establishment The establishment unit on the map

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.

De Borrekensstraat 1342140 Antwerpen

Ground area

107 m²

Building footprint

84 m²

Volume, LiDAR

494 m³

Parcel 11313B0984/00S003, Flanders · tallest building 9.3 m, ±2 floors. Linked by address, not a title deed.

1 establishment unit

Mazout Graphics

De Borrekensstraat 134, 2140 AntwerpenPre-press and pre-media services

since 20082.175.511.446

1 parcel

Flanders 1 (100%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
11313B0984/00S003	Flanders	107 m²	1 · 83 m²	9.3 m · 2 fl.

Linked by address, not proof of ownership

Methodology

via registered seat: 1

1 of 1 parcel with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

Public money · subsidies and aid

Flemish government

2023 · 1 entry · 3,073 EUR awarded · 3,073 EUR paid

Year	Entries	awarded	paid
2023	1	3,073 EUR	3,073 EUR

Schemes

Subsidies voor internationaal ondernemen

1 entry · 3,073 EUR · 3,073 EUR paid · Vlaams Agentschap voor Internationaal Ondernemen

Similar companies · same sector, comparable size

Merelbeke-Melle · Eq €44k

Ottignies-Louvain-la-Neuve · Eq €44k

Of 2,856 companies in sector 18130 we hold annual accounts for 831. 675 are within a factor 10 of this equity.See the whole sector

Company data · Crossroads Bank

Identification

Legal formPrivate limited company

Founded19-12-2008

Fiscal year end31-12

Activities, NACEBEL

18130Pre-press and pre-media services

74103Other professional, scientific and technical activities

74120Graphic design and visual communication

74201Photography, excluding press photography

74209Other photographic activities

82990Other business support services

Sources

Crossroads Bank for EnterprisesNational Bank · 16 filingsAddress and cadastre registers

Data from official sources, last processed on 17-09-2026. Scores and ratios are computed by Checked and are not a credit decision.