Equity
€307,106 from €585,182 in 2023
Equity fell by 48% in 2 years.
CONCEPT COLOR
Lifetime
20 annual accounts with figures on one time axis, 22 filings since 2004peak €1.0m (2025)
€1.0m▲ 26.4%
lowest -€210,585 (2024)
€28,688▲ €239,273
peak €585,182 (2023)
€307,106▲ 10.3%
€1.4m▼ 19.0%
peak 17.4 FTE (2015)
14.5 FTEunchanged
Board2 names since 2018
1 directorCCL GROUP
Owners2 names in the annual accounts
100%CT ECHAF
Documentsfilings and deeds
18-08-202618 days late
2025abbreviated format
Gross margin from €827,441 to €1.0mBack to profit: €28,688Demerger: CONCEPT COLOR splits off to CT ECHAF 24-01Debts from €1.7m to €1.4mInvestments €44,460Cash from €328,351 to €197,657
Key points
from the 2025 annual accountsResult
€28,688 €28,688
Back in profit in 2025, after a loss of €210,585 in 2024.
Debts
€1.4m 82% of the balance sheet
Financial debts 1%Suppliers 88%Taxes and wages 10%Other 1%
Of this, €1.4m falls due within a year.
Investments
€42,272 6.2 × depreciation
Green is investment, beige is depreciation. Machinery stands 314.7% higher than in 2024.
Filings
22 annual accounts since 2004
Eight of the last ten came late. The 2022 accounts came latest: 60 days after the end of the period.
Restructuring
2025
Restructuring with CT ECHAF. Restructuring on 24-01-2025.
Checked score
79
Excellent
Financially stronger than 34% of small companies in specialised construction (NACE 43)
Probability in this band: under 0.55%
Bankruptcy probability within 12 months
0.5% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.3% across 2,647 companies (NACE 43, small).
About 5 in 1,000 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 0.8%
01-2025: 0.8%● unchanged vs 12-2024
02-2025: 0.8%● unchanged vs 01-2025
03-2025: 0.7%▼ -0.1 percentage points vs 02-2025
04-2025: 0.7%● unchanged vs 03-2025
05-2025: 0.7%● unchanged vs 04-2025
06-2025: 0.7%● unchanged vs 05-2025
07-2025: 0.9%▲ +0.2 percentage points vs 06-2025
08-2025: 1.4%▲ +0.5 percentage points vs 07-2025
09-2025: 1.7%▲ +0.3 percentage points vs 08-2025
10-2025: 1.8%▲ +0.1 percentage points vs 09-2025
11-2025: 1.8%● unchanged vs 10-2025
12-2025: 1.8%● unchanged vs 11-2025
01-2026: 1.7%▼ -0.1 percentage points vs 12-2025
02-2026: 1.8%▲ +0.1 percentage points vs 01-2026
03-2026: 1.8%● unchanged vs 02-2026
04-2026: 1.8%● unchanged vs 03-2026
05-2026: 1.8%● unchanged vs 04-2026
06-2026: 1.8%● unchanged vs 05-2026
07-2026: 1.8%● unchanged vs 06-2026
08-2026: 2.0%▲ +0.2 percentage points vs 07-2026highest value
09-2026: 0.5%▼ -1.5 percentage points vs 08-2026lowest value
10-2026: 0.5%● unchanged vs 09-2026lowest value
11-2026: 0.5%● unchanged vs 10-2026lowest value
Financial strengthAverage
Score breakdown
raises risk
Sector: Specialised construction activities (NACE 43)
Size: 14.5 FTE, total assets €1.7m
Equity €307,106 (18.5% of total assets)
lowers risk
Founded in 2002
Calculation
The band follows from the bankruptcy probability. 10 more points roughly halve it.
| 75-100 | Excellent | under 0.55% |
| 60-74 | Healthy | 0.55% to 1.5% |
| 45-59 | Fair | 1.5% to 4.2% |
| 25-44 | Weak | 4.2% to 15.0% |
| 0-24 | Critical | over 15.0% |
Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 43, small). It does better than 20% of them on solvency, 12% on liquidity, 43% on profitability and 62% on growth.
The bankruptcy probability was computed on 08-11-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).
Comparable companies, two years later
In July 2024, 4,685 companies had the same profile as CONCEPT COLOR has now. Each dot stands for 12 companies, two years later.
97.0%
were still trading
1.9%
stopped another way
1.1%
went bankrupt
That fits the bankruptcy probability of CONCEPT COLOR itself: 0.5% within 12 months.
Test of the method
The method was tested on the 497,447 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 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
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 4,685 companies, not a prediction for CONCEPT COLOR. 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.
Credit verdict
Credit of up to €24,000 on 30-day terms is acceptable
Liquidity is tight, with a current ratio of 1.13 (1.11 in 2024), below the usual 1.5. Short-term debt is 81.5% and cash 11.9% of total assets. 81.5% of the assets are financed with debt and provisions.
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The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Six signals.
lowers riskraises risk
raises risk · Weak solvency compared with the sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 19% of 9967 sector peers (2025).
NBB · sector comparisonPosition among 9967 sector peers
Solvency
better than 19%
← weakest
strongest →
raises risk · 2025 accounts filed 18 days late
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 18-08-2026, 18 days later. Nearly half (47%) of Belgian companies file late; of those that file 1 to 90 days late, 2.0% are now bankrupt, dissolved or in another special legal status, against 1.66% of all filers. A delay like this does not count in the score.
NBB · 10 filingsDeviation from the deadline
2025
18 days late
2024
29 days late
2023
20 days late
2022
60 days late
2021
4 days late
2020
26 days late
2019
56 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 30 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% of those companies filed late.
Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 21 August (4 of the last 5 accounts filed within 30 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
09-11-2026 today31-12-2026 year end31-07-2027 deadline
Board and ownership
- CCL GROUP 100%equity €56,986 (2025) · deed of 19-09-2024
- CT ECHAF 100%score 65equity €275,803 (2025) · 2025 annual accounts of CT ECHAF
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0478624328
Registered office moved from Chapon-Seraing to Waremme
New registered office: Rue du Parc Industriel, 39 à 4300 WAREMME · Previous registered office: Rue de Fize Fontaine 78 à 4537 CHAPON-SERAING · General meeting of 15-12-2020 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| CONCEPT COLOR Waremme | €1.7m | €1.0m | 18.5% | 14.5 |
| MULTICOLORE Liège | €1.7m | €0.9m | 59.0% | 13.4 |
| BERENS A.G. Saint-Vith | €1.4m | €0.9m | 68.6% | 16.3 |
| COLOR BY CHERCHYE Ypres | €1.8m | €1.3m | 15.2% | 16.9 |
| ZENNER NORBERT SCHILDERWERKEN Zelzate | €1.6m | €1.0m | 70.0% | 13.8 |
| DUPRIEZ Tournai | €1.4m | €0.7m | 13.0% | 13.6 |
| CRUYSBERGHS FRANCO schilder- en interieurwerken Hechtel-Eksel | €1.7m | €0.8m | 64.2% | 12 |
These companies have the same main activity as CONCEPT COLOR: painting of buildings (NACE 43341). They are comparable in size and age: total assets between €1.4m and €1.8m, founded between 1997 and 2009.
Official details
Source: KBO- Status
- Active since 21-10-2002Normal situation
- Activity
- Painting of buildingsNACE 43341and 5 others
- Joint committees
- 124Construction
- 200Auxiliary committee for white-collar workers · annual accounts 2025
- Establishment unit
- 2.136.945.0384300 Waremme, since 01-05-2004
- Financial year end
- 31 December
- Peppol
- Reachable since 24-11-2025
Annual accounts 2025
- ≈ €2.9mestimated
- €1.7m▼ 14.8%
- Employeeson 31-12-2025
- 14
- Filing
- Filed on 18-08-2026
Insights on CONCEPT COLOR
CONCEPT COLOR files the abbreviated format. That format states no turnover. The gross margin rose from €299,927 in 2006 to €1.0m in 2025.
CCL GROUP holds all the shares.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about CONCEPT COLOR
- What is the company number of CONCEPT COLOR?
- The company number of CONCEPT COLOR is 0478.624.328. The VAT number is the same number with BE in front: BE 0478.624.328.
- Where is CONCEPT COLOR based?
- The registered office is at Rue du Parc Industriel 39, 4300 Waremme.Company details
- What does CONCEPT COLOR do?
- According to the KBO register, the main activity is painting of buildings (NACE 43341).
- What is the legal form of CONCEPT COLOR?
- CONCEPT COLOR is a private limited company (BV).
- When was CONCEPT COLOR founded?
- CONCEPT COLOR was founded on 21-10-2002.
- Is CONCEPT COLOR still active?
- Yes, CONCEPT COLOR is an active enterprise in the KBO register.
- How many employees does CONCEPT COLOR have?
- CONCEPT COLOR had an average of 14.5 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
- Which joint committee does CONCEPT COLOR fall under?
- In its 2025 annual accounts, CONCEPT COLOR states joint committees 124 (Construction) and 200 (Auxiliary committee for white-collar workers).
- What is the turnover of CONCEPT COLOR?
- The turnover in financial year 2025 is ≈ €2.9m. This figure is estimated from the gross margin of €1.0m and 67 comparable companies (NACE 43). It probably lies between €2.3m and €3.9m.
- Is CONCEPT COLOR profitable?
- In financial year 2025, CONCEPT COLOR made a profit of €28,688.
- Where can I find the annual accounts of CONCEPT COLOR?
- CONCEPT COLOR filed 22 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of CONCEPT COLOR due?
- CONCEPT COLOR must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence See whether the workforce is growing and whether people stay.Employer check Check whether you can trust this company with building work.Contractor check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check
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