CODE COULEUR
ActiveSummary
The computed 12-month bankruptcy probability of CODE COULEUR is 3.7% (moderate). The 2025 annual accounts show negative equity (-€3,806) and a net result of -€15,652. Equity is growing by ~16.6% per year across the filed fiscal years. Its solvency ranks better than 9% of 28051 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability20▼-67
Solvency21▼-13
Growth52▼-26
Track record94
Bankruptcy probability, 12 months
3.7%
Moderate
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.84 against 1.15 in 2024; short-term debt: 79.7% and cash: 1.5% of total assets), and equity is negative.
Credit check for your own amount and term
Open the credit simulator : see how the verdict changes with amount, term and advance.
Signals
Six 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 2025Solvency, return and age of the figures
Solvency
-4%
Return on assets
-16.5%
Age of the figures
9 mo
raises risk · Negative equity
The 2025 annual accounts show negative equity and a net loss.
NBB · annual accounts 2025Equity per financial year
22232425
2022 to 2025 · latest year -€3,806
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 22-09-2026, 53 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
53 d late
2024
28 d late
2023
29 d early
2022
30 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 4 accounts on average 21 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 42% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
26-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Can you trust this company with building work?Contractor check Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark
Is this your company? See how customers and banks see it.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Equity
-€3,806
2024 · €11,846
Total assets
€94,709▼ 26.7%
2024 · €129,211
Net result
-€15,652
2024 · €18,498
Working capital
-€12,269
2024 · €10,903
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line2022202320242025
Operating result-€5,025-€3,255€27,055▲ 731%-€13,246
Net result-€8,677--€975▲ 88.8%€18,498-€15,652
Equity-€5,677--€6,653▼ 17.2%€11,846-€3,806
Total assets€137,610-€148,829▲ 8.2%€129,211▼ 13.2%€94,709▼ 26.7%
Debt€143,287-€155,482▲ 8.5%€117,365▼ 24.5%€98,516▼ 16.1%
Working capital€4,126--€2,564€10,903-€12,269
Staff (FTE)2.6-3.5▲ 34.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €13,246 after €27,055 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €94,709
Fixed assets
€31,521 ▼ 29.9%
Current assets
€63,188 ▼ 25.0%
Key figures and ratios
EBITDA
€5,579▼
2024 · €48,972
Cash flow
€3,173▼
2024 · €40,415
Solvency
-4.0%▼
2024 · 9.2%
Current ratio
0.84▼
2024 · 1.15
Quick ratio
0.80▼
2024 · 1.03
Debt to equity
-25.88▼
2024 · 9.91
ROA
-16.5%▼
2024 · 14.3%
Interest coverage
2.46▼
2024 · 17.97
Debt ≤ 1 year
€75,457▲
2024 · €73,325
Debt > 1 year
€23,059▼
2024 · €44,040
Income taxes
€137▼
2024 · €5,832
Staff costs
€130,477▼
2024 · €141,802
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Non-recurring operating income76A | €1,007 | €5,128 | - | - | - |
| Remuneration, social security and pensions62 | €69,602 | €93,246 | €141,802 | €130,477 | ▼ 8.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €19,974 | €17,402 | €21,917 | €18,825 | ▼ 14.1% |
| Other operating charges640/8 | €3,667 | €4,657 | €1,707 | €1,034 | ▼ 39.4% |
| Non-recurring operating charges66A | €1,102 | €5,212 | €5,576 | - | - |
| Gross operating margin9900 | €89,321 | €123,772 | €198,056 | €137,090 | ▼ 30.8% |
| Operating profit (loss)9901 | -€5,025 | €3,255 | €27,055 | -€13,246 | ▼ 149% |
| Financial income75/76B | €288 | €1,189 | - | - | - |
| Recurring financial income75 | €288 | €1,189 | - | - | - |
| Financial charges65/66B | €3,168 | €3,540 | €2,725 | €2,270 | ▼ 16.7% |
| Recurring financial charges65 | €3,168 | €3,540 | €2,725 | €2,270 | ▼ 16.7% |
| Profit (loss) for the period before taxes9903 | -€7,904 | €904 | €24,330 | -€15,515 | ▼ 164% |
| Income taxes67/77 | €773 | €1,879 | €5,832 | €137 | ▼ 97.7% |
| Profit (loss) for the period9904 | -€8,677 | -€975 | €18,498 | -€15,652 | ▼ 185% |
| Profit (loss) for the period to be appropriated9905 | -€8,677 | -€975 | €18,498 | -€15,652 | ▼ 185% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €137,610 | €148,829 | €129,211 | €94,709 | ▼ 26.7% |
| Fixed assets21/28 | €70,480 | €64,636 | €44,982 | €31,521 | ▼ 29.9% |
| Tangible fixed assets22/27 | €66,980 | €62,936 | €43,382 | €29,921 | ▼ 31.0% |
| Plant, machinery and equipment23 | €10,560 | €3,687 | €88 | - | - |
| Furniture and vehicles24 | €46,893 | €25,950 | €17,280 | €11,191 | ▼ 35.2% |
| Leasing and similar rights25 | €9,526 | €33,299 | €26,014 | €18,730 | ▼ 28.0% |
| Financial fixed assets28 | €3,500 | €1,700 | €1,600 | €1,600 | = |
| Current assets29/58 | €67,130 | €84,193 | €84,228 | €63,188 | ▼ 25.0% |
| Stocks and contracts in progress3 | €5,922 | €19,831 | €8,823 | €3,009 | ▼ 65.9% |
| Stocks30/36 | €5,922 | €19,831 | €8,823 | €3,009 | ▼ 65.9% |
| Amounts receivable within one year40/41 | €29,279 | €44,162 | €65,107 | €55,976 | ▼ 14.0% |
| Trade receivables40 | €22,164 | €23,551 | €48,921 | €36,424 | ▼ 25.5% |
| Other amounts receivable41 | €7,116 | €20,611 | €16,187 | €19,552 | ▲ 20.8% |
| Cash at bank and in hand54/58 | €31,658 | €14,800 | €6,219 | €1,384 | ▼ 77.8% |
| Deferred charges and accrued income490/1 | €271 | €5,401 | €4,080 | €2,819 | ▼ 30.9% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €137,610 | €148,829 | €129,211 | €94,709 | ▼ 26.7% |
| Equity10/15 | -€5,677 | -€6,653 | €11,846 | -€3,806 | ▼ 132% |
| Contributions10/11 | €3,000 | €3,000 | €3,000 | €3,000 | = |
| Reserves13 | - | - | €18,400 | €8,400 | ▼ 54.3% |
| Distributable reserves133 | - | - | €18,400 | €8,400 | ▼ 54.3% |
| Profit (loss) carried forward14 | -€8,677 | -€9,653 | -€9,554 | -€15,206 | ▼ 59.2% |
| Amounts payable17/49 | €143,287 | €155,482 | €117,365 | €98,516 | ▼ 16.1% |
| Amounts payable after more than one year17 | €80,283 | €68,725 | €44,040 | €23,059 | ▼ 47.6% |
| Financial debts170/4 | €80,283 | €68,725 | €44,040 | €23,059 | ▼ 47.6% |
| Amounts payable within one year42/48 | €63,004 | €86,757 | €73,325 | €75,457 | ▲ 2.9% |
| Current portion of amounts payable after more than one year42 | €24,224 | €24,217 | €24,685 | €21,899 | ▼ 11.3% |
| Financial debts43 | - | - | - | €14,818 | - |
| Credit institutions430/8 | - | - | - | €14,818 | - |
| Trade debts44 | €14,215 | €45,341 | €32,177 | €25,067 | ▼ 22.1% |
| Suppliers440/4 | €14,215 | €45,341 | €32,177 | €25,067 | ▼ 22.1% |
| Advances received on contracts in progress46 | €13,029 | €11,365 | €7,545 | €7,545 | = |
| Taxes, remuneration and social security45 | €8,111 | €5,834 | €8,918 | €6,127 | ▼ 31.3% |
| Taxes450/3 | €1,810 | €3,174 | €7,632 | €6,127 | ▼ 19.7% |
| Remuneration and social security454/9 | €6,301 | €2,660 | €1,286 | - | - |
| Other amounts payable47/48 | €3,425 | €0 | - | - | - |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€8,677 | -€975 | €18,498 | -€15,652 | ▼ 185% |
| + Depreciation and write-downs630 | €19,974 | €17,402 | €21,917 | €18,825 | ▼ 14.1% |
| Operating cash flow (approximation) | €11,297 | €16,427 | €40,415 | €3,173 | ▼ 92.1% |
| Investment in fixed assets (approximation) | - | -€11,559 | -€2,263 | -€5,364 | ▼ 137% |
| Change in cash | - | -€16,858 | -€8,581 | -€4,835 | ▲ 43.7% |
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
Next filing, fiscal year 2026, expected by
2026
22-09
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 53 days late
2025
31-12
Financial
Weakest financial yearnet -€15,652
Net result drops to -€15,652, the lowest in the series.
28-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 28 days late
2024
31-12
Financial
Back to profitnet €18,498
Net result €18,498 after 2 loss-making years.
02-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
30-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 30 days late
Financial 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, Tournai · 1 establishment unit since 2021
Ground area
54 m²
Building footprint
46 m²
Parcel 57462D0031/00_000, Wallonia. Linked by address, not a title deed.
1 establishment unit
CODE COULEUR
since 20212.322.463.674
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 57462D0031/00_000 | Wallonia | 54 m² | 1 · 46 m² | - |
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.
Similar companies · same sector, comparable size
M.S. FACADE
BE 0872.991.189
Brussel · Eq €11,848
TS WORKS
BE 0795.688.723
Bilzen-Hoeselt · Eq €11,863
J.L DEBOUCHE
BE 0809.077.691
Herstal · Eq €11,799
FVH DECO
BE 0546.742.280
Vilvoorde · Eq €11,784
DECORATIE VAN ELSLANDER
BE 0540.963.951
Wevelgem · Eq €11,753
Of 7,867 companies in sector 43341 we hold annual accounts for 2,664. 1,756 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
Founded04-10-2021
Fiscal year end31-12
Activities, NACEBEL 2025
43341Painting of buildings
E-invoicing
Reachable via Peppol
Peppol ID
0208:0774955170
Registered
24-11-2025
Register as of 26 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.