Watermark hides cells when printing sheet

[moccasinus]

Hi, I've googled, searched forum, but haven't found any solution for it.
In excel 2010 I've put a washed out watermark for an invoice behind a table with contents, looks fine, but when printing the image, already in print preview the image of watermark comes forward and therefore covers the table with its contents.
I've seen MrExcel video with a workaround where the picture is inserted as a fill of a shape, but that way the image loses its aspect ratio, which is not an option for me.
Anyone found a way to print an image watermark as a background behind cells?

 

[moccasinus]

Help
Surely somebody has printed excel sheet with some background, maybe there's VBA option?

 

[moccasinus]

It works just fine if you add the image into header, not footer. Three days down the gutter