2B-Painted
Open bankruptcyA bankruptcy procedure is open for 2B-Painted according to publications in the Belgian State Gazette; curator: SABINE DE WISPELAERE.
Summary
The 2023 annual accounts show equity of €96k and a net result of €5k.
Signals
Three signals. The signal on the left, the evidence on the right.
+raises risk○neutral
neutral · Filed after the deadline
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 29-08-2024, 29 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 · 4 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
29 d late
2022
31 d late
2021
30 d late
2020
31 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2023, abbreviated schema
Equity
€96k▲ 5.9%
2022 · €91k
2020: €84klowest in 4 years
2021: €91k▲ +8.5% vs 2020
2022: €91k● +0.0% vs 2021
2023: €96k▲ +5.9% vs 2022highest in 4 years
2020 → 2023
Total assets
€225k▲ 7.7%
2022 · €209k
2020: €127klowest in 4 years
2021: €180k▲ +41.7% vs 2020
2022: €209k▲ +16.5% vs 2021
2023: €225k▲ +7.7% vs 2022highest in 4 years
2020 → 2023
Net result
€5k
2022 · €-1k
2020: €64khighest in 4 years
2021: €7k▼ -88.8% vs 2020
2022: €-1k▼ -119% vs 2021lowest in 4 years
2023: €5k▲ +492% vs 2022
2020 → 2023
Working capital
€71k▲ 18.7%
2022 · €60k
2020: €36klowest in 4 years
2021: €37k▲ +2.3% vs 2020
2022: €60k▲ +60.6% vs 2021
2023: €71k▲ +18.7% vs 2022highest in 4 years
2020 → 2023
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2020202120222023Trend
Equity€84k-€91k▲ 8.5%€91k=€96k▲ 5.9%
2020: €84klowest in 4 years
2021: €91k▲ +8.5% vs 2020
2022: €91k● +0.0% vs 2021
2023: €96k▲ +5.9% vs 2022highest in 4 years
Operating result€80k-€8k▼ 90.1%€247▼ 96.9%€7k▲ 2,704%
2020: €80khighest in 4 years
2021: €8k▼ -90.1% vs 2020
2022: €247▼ -96.9% vs 2021lowest in 4 years
2023: €7k▲ +2704% vs 2022
Net result€64k-€7k▼ 88.8%€-1k€5k
2020: €64khighest in 4 years
2021: €7k▼ -88.8% vs 2020
2022: €-1k▼ -119% vs 2021lowest in 4 years
2023: €5k▲ +492% vs 2022
Turnover and EBIT margin not published: the abbreviated schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result recovers in 2023; 2023 is 2,704% above 2022.
Balance-sheet composition
2023 in colour, 2022 as the grey bar beneath
Assets €225k
Fixed assets
€28k ▼ 40.5%
Current assets
€197k ▲ 22.0%
Equity and liabilities €225k
Equity
€96k ▲ 5.9%
Debt
€129k ▲ 9.1%
Debt's share of the balance-sheet total rises from 56.6% to 57.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€22k▲
2022 · €17k
Cash flow
€20k▲
2022 · €15k
Current ratio
1.56▼
2022 · 1.59
Quick ratio
1.49▼
2022 · 1.59
Debt to equity
1.35▲
2022 · 1.31
ROE
5.5%▲
2022 · -1.5%
ROA
2.4%▲
2022 · -0.6%
Interest coverage
24.04▲
2022 · 10.64
Debt ≤ 1 year
€126k▲
2022 · €102k
Debt > 1 year
€3k▼
2022 · €17k
Income taxes
€2k▲
2022 · €516
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 · 2023 against 2022 · 44 lines
Balance sheet
Code20222023
Assets
Total assets20/58€209k€225k▲
Fixed assets21/28€48k€28k▼
Intangible fixed assets21€9k€6k▼
Tangible fixed assets22/27€39k€22k▼
Land and buildings22€20k€13k▼
Plant, machinery and equipment23€1k€2k▲
Furniture and vehicles24€18k€7k▼
Current assets29/58€161k€197k▲
Stocks and contracts in progress3-€9k
Stocks30/36-€9k
Amounts receivable within one year40/41€143k€185k▲
Trade receivables40€116k€150k▲
Other amounts receivable41€27k€35k▲
Cash at bank and in hand54/58€16k€1k▼
Deferred charges and accrued income490/1€2k€1k▼
Equity and liabilities
Total equity and liabilities10/49€209k€225k▲
Equity10/15€91k€96k▲
Contributions10/11€20k€20k=
Profit (loss) carried forward14€71k€76k▲
Amounts payable17/49€118k€129k▲
Amounts payable after more than one year17€17k€3k▼
Financial debts170/4€17k€3k▼
Amounts payable within one year42/48€102k€126k▲
Current portion of amounts payable after more than one year42€15k€14k▼
Trade debts44€59k€54k▼
Suppliers440/4€59k€54k▼
Advances received on contracts in progress46€25k€52k▲
Taxes, remuneration and social security45€2k€7k▲
Taxes450/3€2k€7k▲
Income statement
Code20222023
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€16k€15k▼
Other operating charges640/8€1k€2k▲
Non-recurring operating charges66A-€6k
Gross operating margin9900€18k€30k▲
Operating profit (loss)9901€247€7k▲
Financial income75/76B€482€1k▲
Recurring financial income75€482€1k▲
Financial charges65/66B€2k€901▼
Recurring financial charges65€2k€901▼
Profit (loss) for the period before taxes9903€-841€7k▲
Income taxes67/77€516€2k▲
Profit (loss) for the period9904€-1k€5k▲
Profit (loss) for the period to be appropriated9905€-1k€5k▲
Appropriation of the result
Profit (loss) to be appropriated9906€71k€76k▲
Profit (loss) brought forward from the previous period14P€72k€71k▼
The notes to these accounts (14 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €3k | €15k | €16k | €15k | ▼ 10.6% |
| Other operating charges640/8 | - | €1k | €1k | €2k | ▲ 37.8% |
| Non-recurring operating charges66A | - | - | - | €6k | - |
| Gross operating margin9900 | €112k | €24k | €18k | €30k | ▲ 63.6% |
| Operating profit (loss)9901 | €80k | €8k | €247 | €7k | ▲ 2,704% |
| Financial income75/76B | - | €1 | €482 | €1k | ▲ 191% |
| Recurring financial income75 | €584 | €1 | €482 | €1k | ▲ 191% |
| Financial charges65/66B | - | €501 | €2k | €901 | ▼ 42.6% |
| Recurring financial charges65 | €9 | €501 | €2k | €901 | ▼ 42.6% |
| Profit (loss) for the period before taxes9903 | €80k | €7k | €-841 | €7k | ▲ 985% |
| Income taxes67/77 | €17k | €312 | €516 | €2k | ▲ 311% |
| Profit (loss) for the period9904 | €64k | €7k | €-1k | €5k | ▲ 492% |
| Profit (loss) for the period to be appropriated9905 | €64k | €7k | €-1k | €5k | ▲ 492% |
| Line | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €127k | €180k | €209k | €225k | ▲ 7.7% |
| Fixed assets21/28 | €56k | €55k | €48k | €28k | ▼ 40.5% |
| Intangible fixed assets21 | - | €12k | €9k | €6k | ▼ 33.3% |
| Tangible fixed assets22/27 | €56k | €43k | €39k | €22k | ▼ 42.2% |
| Land and buildings22 | - | €27k | €20k | €13k | ▼ 33.3% |
| Plant, machinery and equipment23 | - | €1k | €1k | €2k | ▲ 56.4% |
| Furniture and vehicles24 | - | €15k | €18k | €7k | ▼ 58.3% |
| Current assets29/58 | €71k | €124k | €161k | €197k | ▲ 22.0% |
| Stocks and contracts in progress3 | - | - | - | €9k | - |
| Stocks30/36 | - | - | - | €9k | - |
| Amounts receivable within one year40/41 | €43k | €107k | €143k | €185k | ▲ 29.0% |
| Trade receivables40 | - | €107k | €116k | €150k | ▲ 29.0% |
| Other amounts receivable41 | - | - | €27k | €35k | ▲ 29.1% |
| Cash at bank and in hand54/58 | €28k | €16k | €16k | €1k | ▼ 92.5% |
| Deferred charges and accrued income490/1 | - | €1k | €2k | €1k | ▼ 47.5% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €127k | €180k | €209k | €225k | ▲ 7.7% |
| Equity10/15 | €84k | €91k | €91k | €96k | ▲ 5.9% |
| Contributions10/11 | - | €20k | €20k | €20k | = |
| Profit (loss) carried forward14 | €64k | €71k | €71k | €76k | ▲ 7.5% |
| Amounts payable17/49 | €43k | €89k | €118k | €129k | ▲ 9.1% |
| Amounts payable after more than one year17 | €9k | €2k | €17k | €3k | ▼ 79.8% |
| Financial debts170/4 | - | €2k | €17k | €3k | ▼ 79.8% |
| Amounts payable within one year42/48 | €35k | €87k | €102k | €126k | ▲ 23.9% |
| Current portion of amounts payable after more than one year42 | - | €3k | €15k | €14k | ▼ 10.0% |
| Trade debts44 | €15k | €51k | €59k | €54k | ▼ 9.4% |
| Suppliers440/4 | - | €51k | €59k | €54k | ▼ 9.4% |
| Advances received on contracts in progress46 | - | €13k | €25k | €52k | ▲ 107% |
| Taxes, remuneration and social security45 | - | €18k | €2k | €7k | ▲ 207% |
| Taxes450/3 | - | €18k | €2k | €7k | ▲ 207% |
| Other amounts payable47/48 | - | €1k | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €64k | €7k | €-1k | €5k | ▲ 492% |
| + Depreciation and write-downs630 | €3k | €15k | €16k | €15k | ▼ 10.6% |
| Operating cash flow (approximation) | €67k | €22k | €15k | €20k | ▲ 32.6% |
| Investment in fixed assets (approximation) | - | €-15k | €-9k | €5k | ▲ 152% |
| Change in cash | - | €-12k | €-192 | €-14k | ▼ 7,424% |
Simplified and derived: a Belgian filing has no cash-flow statement, so these rows come from the income statement and the balance-sheet moves.
Timeline · acts, filings and financial milestones
2025
02-05
Bankruptcy
Opening
Ondernemingsrechtbank Gent, afdeling Oostende · event 28-04-2025
2024
29-08
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema · 29 days late
2023
31-12
Financial
Back to profitnet €5k
Net result €5k after one loss-making year.
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema · 31 days late
2022
31-12
Financial
Weakest financial yearnet €-1k
Net result drops to €-1k, the lowest in the series.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema · 30 days late
2021
31-08
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema · 31 days late
SignalFinancial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
3 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, Ichtegem · 1 establishment unit since 2019
Ground area
1,330 m²
Building footprint
124 m²
Volume, LiDAR
1,081 m³
Parcel 35003B0746/00E002, Flanders · tallest building 12.4 m, ±3 floors. Linked by address, not a title deed.
1 establishment unit
2B-Painted
since 20192.296.360.974
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 35003B0746/00E002 | Flanders | 1,330 m² | 1 · 124 m² | 12.4 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Insolvency mandates
1 mandate| Role | Name | Tenure |
|---|---|---|
| Curator | SABINE DE WISPELAERE ZEEPZIEDERIJSTRAAT 8,
8200 02 BRUGGE |
28-04-2025 → present |
Similar companies · same sector, comparable size
DECORATION ANTOINE
BE 0415.006.679
Namur · Eq €95,986
DE CORT
BE 0449.148.996
Middelkerke · Eq €95,954
Bruno Marcelo en Zonen
BE 0419.983.373
Lier · Eq €96,064
DE CEUSTER - HANNES
BE 0432.598.818
Geel · Eq €96,146
Human Construct
BE 0786.805.996
Kluisbergen · Eq €95,772
Of 7,863 companies in sector 43341 we hold annual accounts for 2,663. 2,286 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPrivate limited company
Founded04-12-2019
Fiscal year end31-12
Activities, NACEBEL 2025
43341Painting of buildings
43333Wallpapering and laying of floor and wall coverings in other materials
43342Specialised construction activities
47530Retail trade
47551Retail sale of household furniture
Contact
E-mail
brunobruynsteen@gmail.comIchtegem
Phone
+32495325783Ichtegem
Scores and ratios are computed by Checked and are not a credit decision.