BU-PAINT
ActiveSummary
The computed 12-month bankruptcy probability of BU-PAINT is 2.4% (moderate). The 2024 annual accounts show equity of €37k and a net result of €3k. Equity is shrinking by ~3.4% per year across the filed fiscal years. Its solvency ranks better than 36% of 36375 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
Axes · tick = 2023
Profitability69▲+6
Solvency59▼-1
Growth22=
Track record100
Bankruptcy probability, 12 months
2.4%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days acceptable
Liquidity tight (current ratio 1.43 against 1.44 in 2023; short-term debt: 66.1% and cash: 0% of total assets), and 66.1% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
+raises risk○neutral
raises risk · Limited track record
This company has not been active as long as an established one and statistically fails somewhat more often.
KBO · incorporation dateAge against the risk zone
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · 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 2024Solvency, return and age of the figures
Solvency
33.9%
Return on assets
2.6%
Age of the figures
21 mo
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 22-08-2025, 22 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
22 d late
2023
17 d early
2022
5 d early
2021
37 d early
2020
138 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Turnover
€76k▲ 18.7%
2023 · €64k
2020: €182khighest in 5 years
2021: €113k▼ -37.9% vs 2020
2022: €93k▼ -17.4% vs 2021
2023: €64k▼ -31.2% vs 2022lowest in 5 years
2024: €76k▲ +18.7% vs 2023
2020 → 2024
EBIT margin
6.7%▲ 6.5pp
2023 · 0.2%
2020: 25.0%highest in 5 years
2021: 3.2%▼ -87.0% vs 2020
2022: -8.0%▼ -347% vs 2021lowest in 5 years
2023: 0.2%▲ +103% vs 2022
2024: 6.7%▲ +2724% vs 2023
2020 → 2024
Net result
€3k
2023 · €-261
2020: €37khighest in 5 years
2021: €2k▼ -94.5% vs 2020
2022: €-8k▼ -480% vs 2021lowest in 5 years
2023: €-261▲ +96.6% vs 2022
2024: €3k▲ +1172% vs 2023
2020 → 2024
Working capital
€31k▲ 9.3%
2023 · €28k
2020: €33k
2021: €35k▲ +5.2% vs 2020highest in 5 years
2022: €24k▼ -31.8% vs 2021lowest in 5 years
2023: €28k▲ +19.7% vs 2022
2024: €31k▲ +9.3% vs 2023
2020 → 2024
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€182k-€113k▼ 37.9%€93k▼ 17.4%€64k▼ 31.2%€76k▲ 18.7%
2020: €182khighest in 5 years
2021: €113k▼ -37.9% vs 2020
2022: €93k▼ -17.4% vs 2021
2023: €64k▼ -31.2% vs 2022lowest in 5 years
2024: €76k▲ +18.7% vs 2023
Equity€40k-€42k▲ 5.1%€35k▼ 18.3%€34k▼ 0.8%€37k▲ 8.2%
2020: €40k
2021: €42k▲ +5.1% vs 2020highest in 5 years
2022: €35k▼ -18.3% vs 2021
2023: €34k▼ -0.8% vs 2022lowest in 5 years
2024: €37k▲ +8.2% vs 2023
Operating result€45k-€4k▼ 91.9%€-7k€153€5k▲ 3,253%
2020: €45khighest in 5 years
2021: €4k▼ -91.9% vs 2020
2022: €-7k▼ -304% vs 2021lowest in 5 years
2023: €153▲ +102% vs 2022
2024: €5k▲ +3253% vs 2023
Net result€37k-€2k▼ 94.5%€-8k€-261▲ 96.6%€3k
2020: €37khighest in 5 years
2021: €2k▼ -94.5% vs 2020
2022: €-8k▼ -480% vs 2021lowest in 5 years
2023: €-261▲ +96.6% vs 2022
2024: €3k▲ +1172% vs 2023
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 3,253% above 2023.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €109k
Fixed assets
€6k ▲ 2.6%
Current assets
€103k ▲ 11.7%
Equity and liabilities €109k
Equity
€37k ▲ 8.2%
Debt
€72k ▲ 12.7%
Debt's share of the balance-sheet total rises from 65.1% to 66.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€8k▲
2023 · €5k
Cash flow
€6k▲
2023 · €5k
Current ratio
1.43▼
2023 · 1.44
Quick ratio
0.80▲
2023 · 0.73
Debt to equity
1.95▲
2023 · 1.87
ROE
7.6%▲
2023 · -0.8%
ROA
2.6%▲
2023 · -0.3%
Interest coverage
12.81▼
2023 · 14.14
Debt ≤ 1 year
€72k▲
2023 · €64k
Income taxes
€2k▲
2023 · €54
Staff costs
€275▲
2023 · €100
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 · 2024 against 2023 · 41 lines
Balance sheet
Code20232024
Assets
Total assets20/58€98k€109k▲
Fixed assets21/28€6k€6k▲
Intangible fixed assets21€297-
Tangible fixed assets22/27€5k€4k▼
Plant, machinery and equipment23€5k€4k▼
Furniture and vehicles24€751€328▼
Financial fixed assets28-€2k
Current assets29/58€93k€103k▲
Stocks and contracts in progress3€46k€46k=
Stocks30/36€46k€46k=
Amounts receivable within one year40/41€44k€57k▲
Trade receivables40€43k€55k▲
Other amounts receivable41€1k€3k▲
Cash at bank and in hand54/58€2k€2▼
Equity and liabilities
Total equity and liabilities10/49€98k€109k▲
Equity10/15€34k€37k▲
Contributions10/11€3k€3k=
Outside capital11€3k€3k=
Other1109/19€3k€3k=
Profit (loss) carried forward14€31k€34k▲
Amounts payable17/49€64k€72k▲
Amounts payable within one year42/48€64k€72k▲
Trade debts44€64k€70k▲
Suppliers440/4€64k€70k▲
Taxes, remuneration and social security45€497€2k▲
Taxes450/3€497€2k▲
Income statement
Code20232024
Turnover70€64k€76k▲
Goods, raw materials, services and sundry goods60/61€57k€64k▲
Remuneration, social security and pensions62€100€275▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€5k€3k▼
Other operating charges640/8€2k€4k▲
Gross operating margin9900€7k€12k▲
Operating profit (loss)9901€153€5k▲
Financial charges65/66B€360€634▲
Recurring financial charges65€360€634▲
Profit (loss) for the period before taxes9903€-207€5k▲
Income taxes67/77€54€2k▲
Profit (loss) for the period9904€-261€3k▲
Profit (loss) for the period to be appropriated9905€-261€3k▲
Appropriation of the result
Profit (loss) to be appropriated9906€31k€34k▲
Profit (loss) brought forward from the previous period14P€32k€31k▼
The notes to these accounts (9 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €182k | €113k | €93k | €64k | €76k | ▲ 18.7% |
| Goods, raw materials, services and sundry goods60/61 | - | €109k | €100k | €57k | €64k | ▲ 12.8% |
| Remuneration, social security and pensions62 | - | €533 | €61 | €100 | €275 | ▲ 175% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €890 | €3k | €4k | €5k | €3k | ▼ 39.9% |
| Other operating charges640/8 | - | €3k | €1k | €2k | €4k | ▲ 77.7% |
| Gross operating margin9900 | €48k | €10k | €-2k | €7k | €12k | ▲ 65.9% |
| Operating profit (loss)9901 | €45k | €4k | €-7k | €153 | €5k | ▲ 3,253% |
| Financial income75/76B | - | - | €87 | - | - | - |
| Recurring financial income75 | €89 | - | €87 | - | - | - |
| Financial charges65/66B | - | €626 | €343 | €360 | €634 | ▲ 75.8% |
| Recurring financial charges65 | €168 | €626 | €343 | €360 | €634 | ▲ 75.8% |
| Profit (loss) for the period before taxes9903 | €45k | €3k | €-8k | €-207 | €5k | ▲ 2,281% |
| Income taxes67/77 | €8k | €1k | - | €54 | €2k | ▲ 3,057% |
| Profit (loss) for the period9904 | €37k | €2k | €-8k | €-261 | €3k | ▲ 1,172% |
| Profit (loss) for the period to be appropriated9905 | €37k | €2k | €-8k | €-261 | €3k | ▲ 1,172% |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €86k | €110k | €99k | €98k | €109k | ▲ 11.1% |
| Fixed assets21/28 | €7k | €7k | €11k | €6k | €6k | ▲ 2.6% |
| Intangible fixed assets21 | €1k | €1k | €667 | €297 | - | - |
| Tangible fixed assets22/27 | €6k | €6k | €10k | €5k | €4k | ▼ 24.1% |
| Plant, machinery and equipment23 | - | €5k | €8k | €5k | €4k | ▼ 19.0% |
| Furniture and vehicles24 | - | €2k | €2k | €751 | €328 | ▼ 56.3% |
| Financial fixed assets28 | - | - | - | - | €2k | - |
| Current assets29/58 | €79k | €103k | €89k | €93k | €103k | ▲ 11.7% |
| Stocks and contracts in progress3 | - | €21k | €21k | €46k | €46k | = |
| Stocks30/36 | - | €21k | €21k | €46k | €46k | = |
| Amounts receivable within one year40/41 | €57k | €81k | €62k | €44k | €57k | ▲ 29.7% |
| Trade receivables40 | - | €66k | €51k | €43k | €55k | ▲ 27.3% |
| Other amounts receivable41 | - | €15k | €11k | €1k | €3k | ▲ 112% |
| Cash at bank and in hand54/58 | €22k | €846 | €6k | €2k | €2 | ▼ 99.9% |
| Deferred charges and accrued income490/1 | - | - | €301 | - | - | - |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €86k | €110k | €99k | €98k | €109k | ▲ 11.1% |
| Equity10/15 | €40k | €42k | €35k | €34k | €37k | ▲ 8.2% |
| Contributions10/11 | - | €3k | €3k | €3k | €3k | = |
| Outside capital11 | - | €3k | €3k | €3k | €3k | = |
| Other1109/19 | - | €3k | €3k | €3k | €3k | = |
| Profit (loss) carried forward14 | €37k | €39k | €32k | €31k | €34k | ▲ 8.9% |
| Amounts payable17/49 | €46k | €68k | €65k | €64k | €72k | ▲ 12.7% |
| Amounts payable within one year42/48 | €46k | €68k | €65k | €64k | €72k | ▲ 12.7% |
| Trade debts44 | €29k | €39k | €49k | €64k | €70k | ▲ 10.1% |
| Suppliers440/4 | - | €39k | €49k | €64k | €70k | ▲ 10.1% |
| Taxes, remuneration and social security45 | - | €23k | €8k | €497 | €2k | ▲ 345% |
| Taxes450/3 | - | €23k | €8k | €497 | €2k | ▲ 345% |
| Other amounts payable47/48 | - | €6k | €8k | - | - | - |
| Line | 2020 | 2021 | 2022 | 2023 | 2024 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €37k | €2k | €-8k | €-261 | €3k | ▲ 1,172% |
| + Depreciation and write-downs630 | €890 | €3k | €4k | €5k | €3k | ▼ 39.9% |
| Operating cash flow (approximation) | €38k | €5k | €-4k | €5k | €6k | ▲ 23.3% |
| Investment in fixed assets (approximation) | - | €-3k | €-7k | €0 | €-3k | - |
| Change in cash | - | €-21k | €5k | €-3k | €-2k | ▲ 27.4% |
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
22-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 22 days late
2024
31-12
Financial
Back to profitnet €3k
Net result €3k after 2 loss-making years.
14-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
26-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-12
Financial
Weakest financial yearnet €-8k
Net result drops to €-8k, the lowest in the series; recovery starts the following year.
24-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
16-12
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 138 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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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 2019
Ground area
273 m²
Building footprint
84 m²
Volume, LiDAR
492 m³
Parcel 11345B0427/00X011, Flanders · tallest building 12.1 m, ±1 floor. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
BU-PAINT
since 20192.294.696.435
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11345B0427/00X011 | Flanders | 273 m² | 1 · 84 m² | 12.1 m · 1 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.
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Of 4,096 companies in sector 43240 we hold annual accounts for 1,633. 1,282 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
Founded10-10-2019
Fiscal year end31-12
Activities, NACEBEL 2025
43240Other construction installation
43310Plastering work
43341Painting of buildings
43350Other building finishing work
Scores and ratios are computed by Checked and are not a credit decision.