Colors
ActiveSummary
The annual accounts of Colors for fiscal year 2025 show a net loss of 58% of the equity at the start of that year. The 2025 annual accounts show equity of €379,763 and a net result of -€520,483. Equity is shrinking by ~2.9% per year across the filed fiscal years. Its solvency ranks better than 11% of 682 sector peers (fiscal year 2025). The company has been active since 2006 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-41
Solvency38▼-12
Growth32=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €16,000 at 30 days only on tighter terms
Net loss of at least half of total assets or of the equity at the start of the financial year.
Liquidity ample (current ratio 1.82 against 2.76 in 2024; short-term debt: 21.9% and cash: 8.2% of total assets), but 87.4% of the assets are financed with debt.
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Signals
Seven signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 25
Relative position
BE, all sectors
reference
Manufacture of fabricated metal products, except machinery and equipment (NACE 25)
about 50% more bankruptcies
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
1819202122232425
2018 to 2025 · latest year -€520,483
raises risk · Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 11% of 682 sector peers (2025).
NBB · sector comparisonPosition among 682 sector peers
Solvency
better than 11%
← weakest
strongest →
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 01-07-2026, 30 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
30 d early
2024
59 d early
2023
61 d early
2022
45 d early
2021
47 d early
2020
44 d early
2019
42 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 47 days before the deadline; the sector median for financial year 2024 is 7 days before the deadline, and 35% 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. Usually files around 14 June (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
29-09-2026 today31-12-2026 close31-07-2027 deadline
History
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Financials · fiscal year 2025, full schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
-€520,483▼ 208%
2024 · -€169,193
Working capital
€543,872▼ 45.5%
2024 · €998,765
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 25, Manufacture of fabricated metal products, except machinery and equipment, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€147,812€206,019€139,318▼ 32.4%-€134,118-€484,780▼ 261%
Net result-€179,568below the sector's middle half€162,450within the sector's middle half€86,338within the sector's middle half▼ 46.9%-€169,193below the sector's middle half-€520,483below the sector's middle half▼ 208%
Equity€960,345within the sector's middle half▼ 15.8%€983,100within the sector's middle half▲ 2.4%€1.1mwithin the sector's middle half▲ 8.8%€900,245within the sector's middle half▼ 15.8%€379,763below the sector's middle half▼ 57.8%
Total assets€4.5mabove the sector's middle half▲ 49.8%€4.5mabove the sector's middle half▲ 0.3%€4.0mabove the sector's middle half▼ 10.9%€3.6mabove the sector's middle half▼ 9.4%€3.0mwithin the sector's middle half▼ 17.0%
Debt€3.5m▲ 93.3%€3.5m▼ 0.2%€2.9m▼ 14.9%€2.7m▼ 7.0%€2.6m▼ 3.6%
Working capital€876,486above the sector's middle half▼ 16.7%€958,248above the sector's middle half▲ 9.3%€1.1mabove the sector's middle half▲ 10.1%€998,765above the sector's middle half▼ 5.3%€543,872within the sector's middle half▼ 45.5%
Solvency21.4%below the sector's middle half▼ 16.7pp21.8%below the sector's middle half▲ 0.4pp26.7%below the sector's middle half▲ 4.8pp24.8%below the sector's middle half▼ 1.9pp12.6%below the sector's middle half▼ 12.2pp
Current ratio2.07within the sector's middle half▼ 0.352.06within the sector's middle half▼ 0.012.85within the sector's middle half▲ 0.792.76within the sector's middle half▼ 0.091.82within the sector's middle half▼ 0.93
Return on assets (ROA)-4.0%below the sector's middle half▼ 14.0pp3.6%within the sector's middle half▲ 7.6pp2.2%within the sector's middle half▼ 1.5pp-4.7%below the sector's middle half▼ 6.8pp-17.3%below the sector's middle half▼ 12.6pp
Staff (FTE)27.6above the sector's middle half▼ 21.8%24.8above the sector's middle half▼ 10.1%24.7above the sector's middle half▼ 0.4%23.4above the sector's middle half▼ 5.3%21.5within the sector's middle half▼ 8.1%
above
within
below
the middle half (P25 to P75) of NACE 25, Manufacture of fabricated metal products, except machinery and equipment, each year against the same schema; no band under 30 filings.
Why a figure moved sharply
- 2025 Net result -208% on 2024. The accounts now follow the full schema, last year the abbreviated schema.
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €484,780 in 2025 against €134,118 in 2024; the loss grows and 2025 has the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €3.0m
Fixed assets
€1.8m ▼ 12.4%
Current assets
€1.2m ▼ 23.1%
Equity and liabilities €3.0m
Equity
€379,763 ▼ 57.8%
Debt
€2.6m ▼ 3.6%
Debt's share of the balance-sheet total rises from 75.2% to 87.4%. Equity and debt are lower.
Key figures and ratios
EBITDA
-€157,695▼
2024 · €192,135
Cash flow
-€193,397▼
2024 · €157,060
Quick ratio
1.54▼
2024 · 2.30
Debt to equity
6.94▲
2024 · 3.04
ROE
-137.1%▼
2024 · -18.8%
Interest coverage
-2.85▼
2024 · 3.33
Debt ≤ 1 year
€661,358▲
2024 · €568,579
Debt > 1 year
€2.0m▼
2024 · €2.2m
Income taxes
€408▲
2024 · €299
Staff costs
€1.2m▼
2024 · €1.3m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 307 companies that looked in July 2024 the way this one looks now, 4.9% went bankrupt within 24 months and 89% are still going.
- Small
- 20 years or older
- solvency 10 to 30%
- a loss of 10% of the balance sheet or more
4.9%
went bankrupt
5.2%
stopped otherwise
89%
still going
A further 1.0% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.7% over twelve months. The score reads more about this company than the group's four characteristics; both figures are right about what they measure.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,338 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.9% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 307 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | €30,542 | €83 | €2,193 | €0 | - | - |
| Remuneration, social security and pensions62 | €1.5m | €1.3m | €1.3m | €1.3m | €1.2m | ▼ 4.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €148,223 | €331,140 | €331,654 | €326,253 | €327,085 | ▲ 0.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | -€12,818 | €0 | -€8,377 | -€875 | ▲ 89.6% |
| Provisions for liabilities and charges: additions (uses and reversals)635/8 | - | - | -€63,553 | €0 | - | - |
| Other operating charges640/8 | €30,308 | €17,413 | €7,272 | €18,488 | €16,221 | ▼ 12.3% |
| Non-recurring operating charges66A | €114,708 | €0 | - | €420 | €0 | ▼ 100% |
| Gross operating margin9900 | €1.6m | €1.8m | €1.7m | €1.5m | €1.1m | ▼ 27.5% |
| Operating profit (loss)9901 | -€147,812 | €206,019 | €139,318 | -€134,118 | -€484,780 | ▼ 261% |
| Financial income75/76B | €15,663 | €18,050 | €20,887 | €22,847 | €20,042 | ▼ 12.3% |
| Recurring financial income75 | €15,663 | €18,050 | €20,887 | €22,847 | €20,042 | ▼ 12.3% |
| Financial charges65/66B | €49,044 | €61,358 | €73,619 | €57,624 | €55,337 | ▼ 4.0% |
| Recurring financial charges65 | €49,044 | €61,358 | €73,619 | €57,624 | €55,337 | ▼ 4.0% |
| Profit (loss) for the period before taxes9903 | -€181,193 | €162,711 | €86,585 | -€168,894 | -€520,075 | ▼ 208% |
| Income taxes67/77 | -€1,626 | €261 | €247 | €299 | €408 | ▲ 36.3% |
| Profit (loss) for the period9904 | -€179,568 | €162,450 | €86,338 | -€169,193 | -€520,483 | ▼ 208% |
| Profit (loss) for the period to be appropriated9905 | -€179,568 | €162,450 | €86,338 | -€169,193 | -€520,483 | ▼ 208% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €4.5m | €4.5m | €4.0m | €3.6m | €3.0m | ▼ 17.0% |
| Fixed assets21/28 | €2.8m | €2.6m | €2.4m | €2.1m | €1.8m | ▼ 12.4% |
| Intangible fixed assets21 | - | €1,406 | €1,076 | €746 | €416 | ▼ 44.2% |
| Tangible fixed assets22/27 | €2.8m | €2.6m | €2.4m | €2.1m | €1.8m | ▼ 12.4% |
| Plant, machinery and equipment23 | €2.5m | €2.3m | €2.0m | €1.8m | €1.5m | ▼ 13.6% |
| Furniture and vehicles24 | €38,167 | €30,704 | €36,975 | €17,209 | €13,534 | ▼ 21.4% |
| Leasing and similar rights25 | €247,801 | €345,692 | €304,878 | €264,065 | €223,251 | ▼ 15.5% |
| Other tangible fixed assets26 | €591 | €1,396 | €1,162 | €3,121 | €2,663 | ▼ 14.7% |
| Assets under construction and advance payments27 | €0 | - | - | - | €31,000 | - |
| Financial fixed assets28 | €772 | €772 | €772 | €772 | €772 | = |
| Current assets29/58 | €1.7m | €1.9m | €1.6m | €1.6m | €1.2m | ▼ 23.1% |
| Stocks and contracts in progress3 | €201,824 | €265,505 | €256,992 | €258,378 | €188,066 | ▼ 27.2% |
| Stocks30/36 | €201,824 | €265,505 | €256,992 | €258,378 | €188,066 | ▼ 27.2% |
| Amounts receivable within one year40/41 | €754,674 | €920,854 | €746,603 | €767,674 | €755,800 | ▼ 1.5% |
| Trade receivables40 | €645,335 | €826,278 | €711,665 | €718,541 | €729,876 | ▲ 1.6% |
| Other amounts receivable41 | €109,339 | €94,577 | €34,937 | €49,133 | €25,923 | ▼ 47.2% |
| Current investments50/53 | - | - | €250,000 | €250,000 | €0 | ▼ 100% |
| Cash at bank and in hand54/58 | €725,810 | €667,663 | €351,538 | €273,655 | €246,032 | ▼ 10.1% |
| Deferred charges and accrued income490/1 | €13,252 | €10,606 | €20,477 | €17,636 | €15,333 | ▼ 13.1% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €4.5m | €4.5m | €4.0m | €3.6m | €3.0m | ▼ 17.0% |
| Equity10/15 | €960,345 | €983,100 | €1.1m | €900,245 | €379,763 | ▼ 57.8% |
| Contributions10/11 | €650,000 | €650,000 | €650,000 | €650,000 | €650,000 | = |
| Capital10 | €650,000 | €650,000 | €650,000 | €650,000 | €650,000 | = |
| Issued capital100 | €650,000 | €650,000 | €650,000 | €650,000 | €650,000 | = |
| Reserves13 | €310,345 | €333,100 | €419,439 | €250,245 | €85,000 | ▼ 66.0% |
| Non-distributable reserves130/1 | €85,000 | €85,000 | €85,000 | €85,000 | €85,000 | = |
| Legal reserve130 | €85,000 | €85,000 | €85,000 | €85,000 | €85,000 | = |
| Distributable reserves133 | €225,345 | €248,100 | €334,439 | €165,245 | €0 | ▼ 100% |
| Profit (loss) carried forward14 | €0 | €0 | €0 | - | -€355,237 | - |
| Provisions and deferred taxes16 | €63,553 | €63,553 | €0 | - | - | - |
| Provisions for liabilities and charges160/5 | €63,553 | €63,553 | €0 | - | - | - |
| Other liabilities and charges164/5 | €63,553 | €63,553 | €0 | - | - | - |
| Amounts payable17/49 | €3.5m | €3.5m | €2.9m | €2.7m | €2.6m | ▼ 3.6% |
| Amounts payable after more than one year17 | €2.6m | €2.5m | €2.4m | €2.2m | €2.0m | ▼ 8.8% |
| Financial debts170/4 | €2.6m | €2.5m | €2.4m | €2.2m | €2.0m | ▼ 8.8% |
| Amounts payable within one year42/48 | €819,074 | €906,381 | €570,466 | €568,579 | €661,358 | ▲ 16.3% |
| Current portion of amounts payable after more than one year42 | €194,845 | €204,365 | €209,912 | €205,807 | €217,085 | ▲ 5.5% |
| Financial debts43 | €118,399 | €109,068 | €122,020 | €122,076 | €120,202 | ▼ 1.5% |
| Credit institutions430/8 | €118,399 | €109,068 | €122,020 | €122,076 | €120,202 | ▼ 1.5% |
| Trade debts44 | €347,386 | €306,049 | €102,131 | €129,594 | €196,033 | ▲ 51.3% |
| Suppliers440/4 | €347,386 | €306,049 | €102,131 | €129,594 | €196,033 | ▲ 51.3% |
| Advances received on contracts in progress46 | - | €25,000 | €0 | - | - | - |
| Taxes, remuneration and social security45 | €158,444 | €122,204 | €136,381 | €98,544 | €102,551 | ▲ 4.1% |
| Taxes450/3 | €18,605 | €19,613 | €28,225 | €4,471 | €8,211 | ▲ 83.6% |
| Remuneration and social security454/9 | €139,839 | €102,591 | €108,156 | €94,073 | €94,341 | ▲ 0.3% |
| Other amounts payable47/48 | €0 | €139,695 | €22 | €12,557 | €25,486 | ▲ 103% |
| Accrued charges and deferred income492/3 | €18,974 | €2,139 | €18 | €344 | €344 | = |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€179,568 | €162,450 | €86,338 | -€169,193 | -€520,483 | ▼ 208% |
| + Depreciation and write-downs630 | €148,223 | €331,140 | €331,654 | €326,253 | €327,085 | ▲ 0.3% |
| Operating cash flow (approximation) | -€31,345 | €493,591 | €417,992 | €157,060 | -€193,397 | ▼ 223% |
| Investment in fixed assets (approximation) | - | -€176,783 | -€79,833 | -€7,956 | -€70,035 | ▼ 780% |
| Change in cash | - | -€58,147 | -€316,126 | -€77,882 | -€27,624 | ▲ 64.5% |
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
01-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Weakest financial yearnet -€520,483
Net result drops to -€520,483, the lowest in the series.
02-06
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
31-05
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
31-12
Financial
Equity above €1mEq €1.1m ▲8.8%
2 profitable years in a row build equity to €1.1m.
16-06
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Back to profitnet €162,450
Net result €162,450 after one loss-making year.
14-06
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
17-06
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
19-06
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema
2019
31-12
Financial
Equity above €1mEq €1.1m ▲6.6%
2 profitable years in a row build equity to €1.1m.
12-06
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
26-03
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
17-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 12 acts read
About the unread acts
We know of 12 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
12 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, Dendermonde · 2 establishment units since 2006
Ground area
1.8 ha
Building footprint
9,856 m²
Volume, LiDAR
80,350 m³
2 parcels, Flanders · tallest building 9.8 m, ±3 floors. Linked by address, not a title deed.
2 establishment units
Colors
since 20062.154.728.108
Colors
since 20212.321.597.406
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42021A0854/00Z003 | Flanders | 1.2 ha | 1 · 6,747 m² | 9.8 m · 3 fl. |
| 42021A0936/00W000 | Flanders | 6,122 m² | 1 · 3,108 m² | 8.8 m · 3 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Structure & network
Part of the group
Van Gils Group
14 companies
Group, risk and exposure
Owners and holdings
3 ownersChain of control
- Van Gils Group
- Colors
Highest known parent: Van Gils Group. The sources do not say who stands above it.
Owners 3
- Van Gils Groupparent100%
-
30%
-
29.99%
Holdings 0
No holding stated in the accounts, acts or LEI register we read.
According to the annual accounts of the other companies, the acts in the Belgian Gazette and the LEI register. The register of ultimate beneficial owners (UBO) is not public: who ultimately stands behind a natural person or a foreign parent is not stated here. A company that does not fill in these statements, or need not, is missing.
Connections & network
No current directors or connected companies found in the register.
Public money · subsidies and aid
Flemish government
2022 to 2025 · 5 entries · 36,344 EUR awarded · 36,344 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 8,506 EUR | 8,506 EUR |
| 2024 | 1 | 10,522 EUR | 10,522 EUR |
| 2023 | 2 | 15,644 EUR | 15,644 EUR |
| 2022 | 1 | 1,672 EUR | 1,672 EUR |
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Identification & contact
Identification
Legal formPublic limited company
Founded22-05-2006
Fiscal year end31-12
Activities, NACEBEL 2025
25510Coating of metals
46900Non-specialised wholesale trade
E-invoicing
Reachable via Peppol
Peppol ID
0208:0881445136
Registered
27-03-2026
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 29 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.