ACTIVE

GRAPHINE

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Financial year 2025 · closed on 31/12/2025

Net result

-110,4 k €

-173.7% YoY

Gross margin

1,4 M €

-38.8% YoY

Equity

1,6 M €

-6.4% YoY

Workforce

8,0 ETP

-15.8% YoY

What does GRAPHINE do?

GRAPHINE is a Public limited company incorporated in 2013. Its main activity is: Computer programming activities. Its registered office is in Gent. It employs on average 8,0 ETP workers (FTE).

Legal situation

● Normal situation

BCE/KBO no. / VAT

BE 0526.835.704

Incorporation

12/04/2013

Legal form

Public limited company

Registered office

Coupure 88
9000 Gent · FlandreSee on map

Contributed capital

541 107,63 €

Latest accounts

31/12/2025

Average workforce

8,0 ETP

Activities (NACE)

62010Computer programming activities· main 62090Other information technology and computer service activities 62100Computer programming, consultancy and related activities 62900Computer programming, consultancy and related activities

Joint committees (3)

Signals

Solid equityLow riskGood liquidityPositive EBITDAHealthy social debts

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Health score

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✦ Verdict · Analyst summary

Financials

Trend over 12 financial years

	2025		2024		2023		2022		2021		2020		2019		2018		2017		2016		2015		2014
Income statement
Gross margin	1,4 M €	-38.8%	2,3 M €	-21.9%	2,9 M €	+31.8%	2,2 M €	+93.5%	1,2 M €	+24.9%	926,2 k €	-46.2%	1,7 M €	+200%	574,4 k €	+60.9%	357,1 k €	+303%	88,6 k €	+75.5%	50,5 k €	-69.2%	163,7 k €
EBITDA	111,1 k €	-44.2%	198,9 k €	-51.9%	413,5 k €	+90.5%	217,1 k €	+1728%	11,9 k €	-90.4%	123,5 k €	-86.0%	881,6 k €	+117%	406,2 k €	+113%	190,9 k €	+782%	-28 k €	+58.4%	-67,2 k €	-72.2%	-39 k €
Operating result	104,6 k €	-36.2%	164,1 k €	-54.3%	359,3 k €	+110%	171,3 k €	+2870%	-6,2 k €	-109%	70,8 k €	-91.3%	814,1 k €	+149%	326,5 k €	+229%	99,4 k €	+190%	-109,9 k €	+15.9%	-130,6 k €	-4.7%	-124,8 k €
Net result	-110,4 k €	-174%	149,8 k €	-34.3%	228,1 k €	+105%	111,4 k €	+494%	-28,3 k €	-175%	37,7 k €	-94.6%	700,8 k €	+114%	326,8 k €	+305%	80,7 k €	+157%	-142,4 k €	+11.1%	-160,3 k €	-30.2%	-123,1 k €
Balance sheet
Equity	1,6 M €	-6.4%	1,7 M €	+38.9%	1,2 M €	+22.5%	1 M €	+12.4%	900,6 k €	-3.0%	928,9 k €	+4.2%	891,2 k €	+400%	178,1 k €	+221%	-147,5 k €	+34.1%	-224 k €	-191%	-76,9 k €	-186%	89 k €
Total assets	2,3 M €	-8.9%	2,5 M €	-3.7%	2,6 M €	-10.9%	2,9 M €	+86.1%	1,6 M €	-6.6%	1,7 M €	+8.3%	1,5 M €	+103%	758,9 k €	+66.2%	456,7 k €	+13.3%	402,9 k €	-19.6%	500,9 k €	+13.6%	441 k €
Cash	829,1 k €	+87.2%	442,9 k €	-63.9%	1,2 M €	+45.7%	841,3 k €	+73.5%	485 k €	-58.5%	1,2 M €	+1149%	93,5 k €	-76.5%	398,6 k €	+90.8%	208,9 k €	+14.3%	182,8 k €	-24.1%	240,9 k €	+0.2%	240,6 k €
Debts	536,9 k €	-19.9%	670,1 k €	-49.6%	1,3 M €	-29.5%	1,9 M €	+186%	659,3 k €	-11.1%	741,4 k €	+14.0%	650,1 k €	+12.1%	579,8 k €	+2.2%	567,2 k €	+3.7%	546,9 k €	+2.1%	535,8 k €	+68.9%	317,3 k €
Other
Workforce	8,0 ETP	-15.8%	9,5 ETP	-28.6%	13,3 ETP	0.0%	13,3 ETP	+22.0%	10,9 ETP	+55.7%	7,0 ETP	+12.9%	6,2 ETP	+59.0%	3,9 ETP	-2.5%	4,0 ETP		–		3,3 ETP	+6.5%	3,1 ETP

Estimate

Indicative valuation

As an indication, this company is worth

between 1 M€ and 2,5 M€

See the valuation

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 17 ended

Active mandates

Jasmine Layton

Director · since 15 novembre 2024 · until 31 décembre 2029

Active

Go Nora Sen

Director · since 25 janvier 2022 · until 26 mai 2026

Active

Luis Felipe Visoso Lomelin

Director · since 22 avril 2021 · until 27 mai 2025

Active

Ended mandates

Go Nora Sen

Director · since 25 janvier 2022 · until 26 mai 2026

Ended

Lomelin Luis Felipe Visoso

Director · since 22 avril 2021 · until 26 mai 2026

Ended

Luis Felipe Visoso Lomelin

Director · since 22 avril 2021 · until 30 juin 2025

Ended

Luis Felipe Visoso Lomelin

Director · since 22 avril 2021 · until 26 mai 2026

Ended

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Annual accounts

Full financial information

	2025	2024	2023	2022	2021	2020
Type of account	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model	Abridged model
Start of the financial year	01/01/2025	01/01/2024	01/01/2023	01/01/2022	01/01/2021	01/01/2020
Closing of the financial year	31/12/2025	31/12/2024	31/12/2023	31/12/2022	31/12/2021	31/12/2020
Length of the financial year	12 months	12 months	12 months	12 months	12 months	12 months
Filing date	15/06/2026	11/06/2025	11/06/2024	07/06/2023	14/06/2022	27/05/2021
General meeting	26/05/2026	27/05/2025	28/05/2024	30/05/2023	31/05/2022	25/05/2021
Currency of the financial year	EUR	EUR	EUR	EUR	EUR	EUR
NBB quality label	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls	Satisfying controls

Ratios

Financial ratios

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Filings

Annual accounts filings

12 filings with the NBB

Model	Closing	General meeting	Filed	Language	Document
Abridged model	31/12/2025	26/05/2026	15/06/2026	Dutch	PDF
Abridged model	31/12/2024	27/05/2025	11/06/2025	Dutch	PDF
Abridged model	31/12/2023	28/05/2024	11/06/2024	Dutch	PDF
Abridged model	31/12/2022	30/05/2023	07/06/2023	Dutch	PDF
Abridged model	31/12/2021	31/05/2022	14/06/2022	Dutch	PDF
Abridged model	31/12/2020	25/05/2021	27/05/2021	Dutch	PDF
Abridged model	31/12/2019	29/09/2020	15/10/2020	Dutch	PDF
Abridged model	31/12/2018	28/06/2019	26/07/2019	Dutch	PDF
Abridged model	31/12/2017	29/05/2018	13/06/2018	Dutch	PDF
Micro model	31/12/2016	20/06/2017	13/07/2017	Dutch	PDF
Abridged model	31/12/2015	31/05/2016	30/06/2016	Dutch	PDF
Abridged model	31/12/2014	26/05/2015	25/06/2015	Dutch	PDF

Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 1 M€ and 2,5 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan

Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 3 active · 17 ended

Active mandates

Jasmine Layton

Director · since 15 novembre 2024 · until 31 décembre 2029

Active

Go Nora Sen

Director · since 25 janvier 2022 · until 26 mai 2026

Active

Luis Felipe Visoso Lomelin

Director · since 22 avril 2021 · until 27 mai 2025

Active

Ended mandates

Go Nora Sen

Director · since 25 janvier 2022 · until 26 mai 2026

Ended

Lomelin Luis Felipe Visoso

Director · since 22 avril 2021 · until 26 mai 2026

Ended

Luis Felipe Visoso Lomelin

Director · since 22 avril 2021 · until 30 juin 2025

Ended

Luis Felipe Visoso Lomelin

Director · since 22 avril 2021 · until 26 mai 2026

Ended

Shareholders

Ownership and network

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Try for 7 days

Belgian Official Gazette

Belgian Official Gazette publications

Other09/07/2026
—
PDF
Mandates02/06/2026
ONTSLAGEN - BENOEMINGEN
PDF
Capital / shares31/12/2024
STATUTEN (VERTALING, COÖRDINATIE, OVERIGE WIJZIGINGEN, ) - KAPITAAL - AANDELEN
PDF
Mandates26/11/2024
DOEL - ONTSLAGEN - BENOEMINGEN
PDF
Registered office08/07/2024
MAATSCHAPPELIJKE ZETEL
PDF
Mandates30/10/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates18/07/2023
ONTSLAGEN - BENOEMINGEN
PDF
Mandates17/11/2022
ONTSLAGEN - BENOEMINGEN
PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

2025
Annual accounts 2025-110,4 k €↓
2024
Annual accounts 2024149,8 k €↓
2023
Annual accounts 2023228,1 k €↑
2022
Annual accounts 2022111,4 k €↑
2021
Annual accounts 2021-28,3 k €↓
2020
Annual accounts 202037,7 k €↓
2019
Annual accounts 2019700,8 k €↑
2018
Annual accounts 2018326,8 k €↑
2017
Annual accounts 201780,7 k €↑
2016
Annual accounts 2016-142,4 k €↑
2015
Annual accounts 2015-160,3 k €↓
2014
Annual accounts 2014-123,1 k €
12/04/2013
IncorporationPublic limited company

10/15	1 240 000	1 180 000	1 050 000
70	8 630 000	8 120 000	7 940 000
9904	412 000	388 000	301 000
17/49	2 970 000	3 140 000	3 380 000
9087	24,3	23,1	21,8

GRAPHINE

Overview

What does GRAPHINE do?

Trend over 12 financial years

Indicative valuation

Board of directors

Other companies at this address

Financials

Full financial information

Financial ratios

Annual accounts filings

Valuation

Indicative valuation

Directors & structure

Board of directors

Ownership and network

Publications

Belgian Official Gazette publications

Similar companies

Similar companies

Timeline