Equity
Debts exceed assets in financial year 2025.
Debts exceed assets in financial year 2025.
The micro format states no turnover.
Of this, €75,457 falls due within a year.
The 2025 accounts came latest: 53 days after the end of the period.
Less equity than 91% of companies in specialised construction. Sector median €57,780 · 37,285 companies.
In July 2024, 6,018 companies had the same profile as CODE COULEUR has now. Each dot stands for 16 companies, two years later.
Another 0.8% stopped without a precise date, possibly only after those two years.
The method was tested on the 497,762 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 2.9% | 3.1% |
| 10 | 5.6% | 6.1% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 6,018 companies, not a prediction for CODE COULEUR. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
| Company | ||||
|---|---|---|---|---|
| CODE COULEUR Tournai | €94,709 | €137,090 | -4.0% | - |
| S-Color Antwerp | €89,318 | €114,634 | 70.4% | - |
| JEDECOR SRL Tournai | €101,966 | €120,860 | 2.9% | - |
| OLIVIER PEINTURE ET DECORATION Charleroi | €87,379 | €178,705 | 24.5% | - |
| ETS Castelluccio Fleurus | €110,634 | €108,936 | 53.1% | - |
| SCARANO & FILS La Louvière | €112,203 | €179,020 | 46.3% | - |
| FRAEJ Ostend | €109,953 | €166,572 | 9.1% | - |
These companies have the same main activity as CODE COULEUR: painting of buildings (NACE 43341). They are comparable in size and age: total assets between €87,400 and €112,000, founded between 2019 and 2023.
CODE COULEUR files the micro format. That format states no turnover. The gross margin rose from €89,321 in 2022 to €137,090 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette.
Turnover and EBIT margin are not published. The micro format does not require them. The turnover shown is an estimate from the gross margin.
Turnover ≈ €450,000. Estimated: probably between €330,000 and €670,000.
Higher than 9% of 37,271 companies in 2025.
Higher than 15% of 36,564 companies in 2025.
Higher than 9% of 36,799 companies in 2025.
Net result: bottom quarter · Equity: bottom quarter · Balance sheet total: middle half · Working capital: bottom quarter
Staff costs divided by the average number of full-time equivalents.
In 2025, 7 people joined and 7 left.
| Line | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Balance sheet: assets | |||||
20/58 |
94,709 | 129,211 | 148,829 | 137,610 | |
21/28 |
31,521 | 44,982 | 64,636 | 70,480 | |
22/27 |
29,921 | 43,382 | 62,936 | 66,980 | |
23 |
- | 88 | 3,687 | 10,560 | |
24 |
11,191 | 17,280 | 25,950 | 46,893 | |
25 |
18,730 | 26,014 | 33,299 | 9,526 | |
28 |
1,600 | 1,600 | 1,700 | 3,500 | |
29/58 |
63,188 | 84,228 | 84,193 | 67,130 | |
3 |
3,009 | 8,823 | 19,831 | 5,922 | |
30/36 |
3,009 | 8,823 | 19,831 | 5,922 | |
40/41 |
55,976 | 65,107 | 44,162 | 29,279 | |
40 |
36,424 | 48,921 | 23,551 | 22,164 | |
41 |
19,552 | 16,187 | 20,611 | 7,116 | |
54/58 |
1,384 | 6,219 | 14,800 | 31,658 | |
490/1 |
2,819 | 4,080 | 5,401 | 271 | |
| Balance sheet: equity and liabilities | |||||
10/49 |
94,709 | 129,211 | 148,829 | 137,610 | |
10/15 |
-3,806 | 11,846 | -6,653 | -5,677 | |
10/11 |
3,000 | 3,000 | 3,000 | 3,000 | |
13 |
8,400 | 18,400 | - | - | |
133 |
8,400 | 18,400 | - | - | |
14 |
-15,206 | -9,554 | -9,653 | -8,677 | |
17/49 |
98,516 | 117,365 | 155,482 | 143,287 | |
17 |
23,059 | 44,040 | 68,725 | 80,283 | |
170/4 |
23,059 | 44,040 | 68,725 | 80,283 | |
42/48 |
75,457 | 73,325 | 86,757 | 63,004 | |
42 |
21,899 | 24,685 | 24,217 | 24,224 | |
43 |
14,818 | - | - | - | |
430/8 |
14,818 | - | - | - | |
44 |
25,067 | 32,177 | 45,341 | 14,215 | |
440/4 |
25,067 | 32,177 | 45,341 | 14,215 | |
46 |
7,545 | 7,545 | 11,365 | 13,029 | |
45 |
6,127 | 8,918 | 5,834 | 8,111 | |
450/3 |
6,127 | 7,632 | 3,174 | 1,810 | |
454/9 |
- | 1,286 | 2,660 | 6,301 | |
47/48 |
- | - | 0 | 3,425 | |
| Income statement | |||||
76A |
- | - | 5,128 | 1,007 | |
9900 |
137,090 | 198,056 | 123,772 | 89,321 | |
62 |
130,477 | 141,802 | 93,246 | 69,602 | |
630 |
18,825 | 21,917 | 17,402 | 19,974 | |
640/8 |
1,034 | 1,707 | 4,657 | 3,667 | |
66A |
- | 5,576 | 5,212 | 1,102 | |
9901 |
-13,246 | 27,055 | 3,255 | -5,025 | |
75/76B |
- | - | 1,189 | 288 | |
75 |
- | - | 1,189 | 288 | |
65/66B |
2,270 | 2,725 | 3,540 | 3,168 | |
65 |
2,270 | 2,725 | 3,540 | 3,168 | |
9903 |
-15,515 | 24,330 | 904 | -7,904 | |
67/77 |
137 | 5,832 | 1,879 | 773 | |
9904 |
-15,652 | 18,498 | -975 | -8,677 | |
9905 |
-15,652 | 18,498 | -975 | -8,677 | |
| Appropriation of the result | |||||
9906 |
-15,206 | 8,846 | -9,653 | -8,677 | |
14P |
446 | -9,653 | -8,677 | - | |
691/2 |
- | 18,400 | - | - | |
6921 |
- | 18,400 | - | - | |
| Social balance sheet | |||||
9087 |
- | - | 3.5 | 2.6 | |
Hours worked1013 |
- | - | 5,136 | 4,136 | |
| Document | |||||
The notes to these accounts have 7 items, including the statement of assets and debts, the cost breakdown and rights and commitments. You find them in the accounts filed with the NBB.
Source: Annual accounts 2025 at the NBB, filed on 22-09-2026.
2025 annual accounts filed 53 days after the deadline. Filed on 22 September 2026, deadline 31 July 2026 (7 months after the close on 31 December 2025, Companies Code art. 3:10). Source: NBB, 2026-00519262.
| Line | Trend | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| 5,579 | 48,972 | 20,657 | 14,950 | ||
| 3,173 | 40,415 | 16,427 | 11,297 | ||
| 5,364 | 3,963 | 39,160 | 107,999 | ||
| -4,835 | -8,581 | -16,858 | - | ||
| -12,269 | 10,903 | -2,564 | 4,126 | ||
| -4.0% | 9.2% | -4.5% | -4.1% | ||
| 0.84 | 1.15 | 0.97 | 1.07 | ||
| 0.80 | 1.03 | 0.74 | 0.97 | ||
| - | 9.91 | - | - | ||
| - | 156.2% | - | - | ||
| -16.5% | 14.3% | -0.7% | -6.3% | ||
| 2.46 | 17.97 | 5.84 | 4.72 |
Debt to equity is not shown because equity is negative. Debt divided by negative equity means nothing.
A Belgian filing has no cash-flow statement. Cash flow is therefore an approximation, derived from the income statement. Investment is the acquisitions in the notes and, without them, the balance-sheet move.
| Item | 31-12-2025 | 31-12-2024 | 31-12-2023 | 31-12-2022 |
|---|---|---|---|---|
| Employees at the balance-sheet date | - | - | 4 | 4 |
| full-time | - | - | 4 | 3 |
| part-time | - | - | 0 | 1 |
| in full-time equivalents | 4 | - | 4 | 3.5 |
| - | - | 3.5 | 2.6 | |
| On a permanent contract | 2 | 2 | 2 | 1 |
| Joined | 7 | 7 | 7 | 4 |
| Left | 7 | 7 | 7 | 2 |
Source: social balance sheet in the 2022 to 2025 annual accounts
| Item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Tangible fixed assets | €5,364 | €2,363 | €39,160 | €104,499 |
| Financial fixed assets | - | €1,600 | - | €3,500 |
| €18,825 | €21,917 | €17,402 | €19,974 |
Source: notes to the 2022 to 2025 annual accounts (statement of fixed assets)
The operating result for 2025 is a loss of €13,246, after a profit of €27,055 in 2024. It is the lowest result since 2022.
Equity is negative. Debt (€98,516) exceeds the balance-sheet total (€94,709).
CODE COULEUR has no parent and no holdings in its annual accounts. is the only director. CODE COULEUR shares no director with another company.
Deadline for the 2026 accounts: 31-07-2027
Financial milestones sit on the financial year-end date, not the filing date.
Sources: Publications in the Belgian Official GazetteFilings with the National Bank
| Establishment | Start date | Unit number |
|---|---|---|
| Rue de la Planche 3 registered office 7500 Tournai | 04-10-2021 | 2.322.463.674 |
| Cadastral parcel | Area | Buildings | Height / floors |
|---|---|---|---|
| 57462D0031/00_000 | 54 m² | 1 · 46 m² | 12.5 m · 4 |
Check the withholding obligation If you pay this company for building or cleaning work, check before every payment whether you must withhold part of the invoice. Use the enterprise number 0774.955.170
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