Corropaint
ActiveSummary
Corropaint has been active since 2010 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show negative equity (-€728,367) and a net result of -€1.2m. Equity is growing by ~10.2% per year across the filed fiscal years. Its solvency ranks better than 6% of 2062 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.9% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability0▼-20
Solvency13▼-19
Growth32▼-20
Track record100
Bankruptcy probability, 12 months
0.9%
Low
0%0.5%1.5%4%10%≥ 25%
No credit on open account
Liquidity short (current ratio 0.93 against 1.03 in 2024; short-term debt: 84.3% and cash: 8.2% of total assets), and equity is negative.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Six 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 43
Relative position
BE, all sectors
reference
Specialised construction activities (NACE 43)
about 85% 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 · 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
-12.2%
Return on assets
-19.3%
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
1819202122232425
2018 to 2025 · latest year -€728,367
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 26-07-2026, 5 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
5 d early
2024
17 d early
2023
23 d late
2022
4 d early
2021
16 d early
2020
16 d early
2019
21 d late
← 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 2 days before 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
27-09-2026 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 check 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 What other support did companies like this one receive, and it did not?Public money
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Financials · fiscal year 2025, full schema
Turnover
€8.7m
EBIT margin
2.3%
Net result
-€1.2m▼ 179%
2024 · -€413,350
Working capital
-€351,547
2024 · €133,908
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 43, Specialised construction activities, 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
Turnover€8.7m
Operating result€146,216▼ 37.8%€336,855▲ 130%€197,597▼ 41.3%-€169,834-€983,790▼ 479%
Net result€6,321below the sector's middle half▼ 95.1%€159,657above the sector's middle half▲ 2,426%€24,348within the sector's middle half▼ 84.7%-€413,350below the sector's middle half-€1.2mbelow the sector's middle half▼ 179%
EBIT margin2.3%
Equity€153,718within the sector's middle half▲ 4.3%€313,375within the sector's middle half▲ 104%€337,724within the sector's middle half▲ 7.8%€424,373within the sector's middle half▲ 25.7%-€728,367below the sector's middle half
Total assets€6.1mabove the sector's middle half▲ 26.9%€7.2mabove the sector's middle half▲ 18.5%€5.9mabove the sector's middle half▼ 18.0%€5.9mabove the sector's middle half▲ 0.5%€6.0mabove the sector's middle half▲ 0.8%
Debt€5.9m▲ 27.7%€6.9m▲ 16.3%€5.6m▼ 19.2%€5.5m▼ 1.0%€6.7m▲ 21.9%
Working capital€535,950▼ 9.2%€711,413▲ 32.7%-€114,206€133,908-€351,547
Solvency2.5%below the sector's middle half▼ 0.5pp4.4%below the sector's middle half▲ 1.8pp5.7%below the sector's middle half▲ 1.4pp7.2%below the sector's middle half▲ 1.4pp-12.2%below the sector's middle half▼ 19.3pp
Staff (FTE)44.2above the sector's middle half▼ 3.9%39.6above the sector's middle half▼ 10.4%40.6above the sector's middle half▲ 2.5%42.6above the sector's middle half▲ 4.9%40.8above the sector's middle half▼ 4.2%
above
within
below
the middle half (P25 to P75) of NACE 43, Specialised construction activities, each year against the same schema; no band under 30 filings.
Why a figure moved sharply
- 2025 Net result -179% on 2024. The accounts now follow the full schema, last year the abbreviated schema.
- 2023 Net result -85% on 2022. 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 €983,790 in 2025 against €169,834 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 €6.0m
Fixed assets
€1.3m ▼ 25.5%
Current assets
€4.7m ▲ 11.7%
Key figures and ratios
EBITDA
-€531,527▼
2024 · €285,402
Cash flow
-€700,476▼
2024 · €41,885
Current ratio
0.93▼
2024 · 1.03
Quick ratio
0.89▼
2024 · 1.00
Debt to equity
-9.21▼
2024 · 12.97
ROA
-19.3%▼
2024 · -7.0%
Interest coverage
-2.08▼
2024 · 1.18
Debt ≤ 1 year
€5.0m▲
2024 · €4.1m
Debt > 1 year
€1.6m▲
2024 · €1.4m
Income taxes
€1,173▼
2024 · €2,100
Staff costs
€2.9m▼
2024 · €3.0m
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 598 companies that looked in July 2024 the way this one looks now, 8.5% went bankrupt within 24 months and 83% are still going.
- Small
- 10 to 20 years old
- negative equity
- a loss of 10% of the balance sheet or more
8.5%
went bankrupt
5.9%
stopped otherwise
83%
still going
A further 2.5% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a lower bankruptcy probability: 0.9% 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 497,058 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.6% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
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 598 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 |
|---|---|---|---|---|---|---|
| Operating income70/76A | - | - | €9.1m | - | - | - |
| Turnover70 | - | - | €8.7m | - | - | - |
| Other operating income74 | - | - | €437,507 | - | - | - |
| Non-recurring operating income76A | - | €5,755 | €9,094 | - | €20,584 | - |
| Operating charges60/66A | - | - | €8.9m | - | - | - |
| Goods for resale, raw materials and consumables60 | - | - | €4.2m | - | - | - |
| Purchases600/8 | - | - | €4.2m | - | - | - |
| Change in stocks: decrease (increase)609 | - | - | -€9,843 | - | - | - |
| Services and other goods61 | - | - | €1.5m | - | - | - |
| Remuneration, social security and pensions62 | €2.3m | €2.5m | €2.7m | €3.0m | €2.9m | ▼ 1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €311,092 | €355,825 | €413,945 | €455,236 | €452,264 | ▼ 0.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | - | €27,412 | - | - | - |
| Other operating charges640/8 | €15,896 | €19,045 | €25,993 | €19,297 | €23,605 | ▲ 22.3% |
| Non-recurring operating charges66A | - | €656 | €105 | - | - | - |
| Gross operating margin9900 | €2.8m | €3.2m | - | €3.3m | €2.4m | ▼ 26.1% |
| Operating profit (loss)9901 | €146,216 | €336,855 | €197,597 | -€169,834 | -€983,790 | ▼ 479% |
| Financial income75/76B | €1,003 | €2,391 | €17,661 | €477 | €87,473 | ▲ 18,228% |
| Recurring financial income75 | €1,003 | €2,391 | €17,661 | €477 | €1,709 | ▲ 258% |
| Other financial income752/9 | - | - | €17,661 | - | - | - |
| Non-recurring financial income76B | - | - | - | - | €85,764 | - |
| Financial charges65/66B | €140,786 | €177,997 | €188,957 | €241,894 | €255,249 | ▲ 5.5% |
| Recurring financial charges65 | €140,786 | €177,997 | €188,957 | €241,894 | €255,249 | ▲ 5.5% |
| Debt charges650 | - | - | €188,410 | - | - | - |
| Other financial charges652/9 | - | - | €547 | - | - | - |
| Profit (loss) for the period before taxes9903 | €6,433 | €161,249 | €26,301 | -€411,250 | -€1.2m | ▼ 180% |
| Income taxes67/77 | €112 | €1,592 | €1,953 | €2,100 | €1,173 | ▼ 44.1% |
| Taxes670/3 | - | - | €1,953 | - | - | - |
| Profit (loss) for the period9904 | €6,321 | €159,657 | €24,348 | -€413,350 | -€1.2m | ▼ 179% |
| Profit (loss) for the period to be appropriated9905 | €6,321 | €159,657 | €24,348 | -€413,350 | -€1.2m | ▼ 179% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €6.1m | €7.2m | €5.9m | €5.9m | €6.0m | ▲ 0.8% |
| Fixed assets21/28 | €1.0m | €1.0m | €1.9m | €1.7m | €1.3m | ▼ 25.5% |
| Intangible fixed assets21 | €31,673 | €22,973 | €14,273 | €5,574 | €0 | ▼ 100% |
| Tangible fixed assets22/27 | €1.0m | €1.0m | €1.9m | €1.7m | €1.3m | ▼ 25.3% |
| Land and buildings22 | €273,165 | €213,954 | €461,218 | €374,470 | €341,665 | ▼ 8.8% |
| Plant, machinery and equipment23 | €522,683 | €418,787 | €733,437 | €609,836 | €487,887 | ▼ 20.0% |
| Furniture and vehicles24 | €209,248 | €377,497 | €568,927 | €556,090 | €459,358 | ▼ 17.4% |
| Assets under construction and advance payments27 | - | - | €111,013 | €184,265 | €0 | ▼ 100% |
| Financial fixed assets28 | €1,000 | €1,000 | €1,000 | €1,400 | €1,400 | = |
| Other financial fixed assets284/8 | - | - | €1,000 | - | - | - |
| Shares284 | - | - | €0 | - | - | - |
| Amounts receivable and cash guarantees285/8 | - | - | €1,000 | - | - | - |
| Current assets29/58 | €5.0m | €6.2m | €4.0m | €4.2m | €4.7m | ▲ 11.7% |
| Stocks and contracts in progress3 | €466,292 | €174,021 | €183,864 | €149,096 | €223,081 | ▲ 49.6% |
| Stocks30/36 | €466,292 | €174,021 | €183,864 | €149,096 | €223,081 | ▲ 49.6% |
| Goods purchased for resale34 | - | - | €183,864 | - | - | - |
| Amounts receivable within one year40/41 | €4.3m | €5.3m | €3.5m | €3.9m | €4.0m | ▲ 1.4% |
| Trade receivables40 | €4.0m | €4.9m | €3.3m | €3.8m | €3.8m | ▲ 0.5% |
| Other amounts receivable41 | €313,436 | €326,127 | €247,016 | €155,045 | €193,372 | ▲ 24.7% |
| Cash at bank and in hand54/58 | €255,972 | €718,969 | €306,321 | €124,056 | €487,583 | ▲ 293% |
| Deferred charges and accrued income490/1 | €17,767 | €1,231 | €15,203 | €1,721 | €0 | ▼ 100% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €6.1m | €7.2m | €5.9m | €5.9m | €6.0m | ▲ 0.8% |
| Equity10/15 | €153,718 | €313,375 | €337,724 | €424,373 | -€728,367 | ▼ 272% |
| Contributions10/11 | €200,000 | €200,000 | €200,000 | €700,000 | €700,000 | = |
| Capital10 | €200,000 | €200,000 | €200,000 | €700,000 | €700,000 | = |
| Issued capital100 | €200,000 | €200,000 | €200,000 | €700,000 | €700,000 | = |
| Reserves13 | €34,818 | €113,375 | €137,724 | €137,724 | €137,724 | = |
| Non-distributable reserves130/1 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Legal reserve130 | €20,000 | €20,000 | €20,000 | €20,000 | €20,000 | = |
| Distributable reserves133 | €14,818 | €93,375 | €117,724 | €117,724 | €117,724 | = |
| Profit (loss) carried forward14 | -€81,100 | - | - | -€413,350 | -€1.6m | ▼ 279% |
| Amounts payable17/49 | €5.9m | €6.9m | €5.6m | €5.5m | €6.7m | ▲ 21.9% |
| Amounts payable after more than one year17 | €1.4m | €1.4m | €1.4m | €1.4m | €1.6m | ▲ 15.8% |
| Financial debts170/4 | €1.4m | €1.4m | €1.4m | €1.4m | €1.6m | ▲ 15.8% |
| Subordinated loans170 | - | - | €1.4m | - | - | - |
| Amounts payable within one year42/48 | €4.5m | €5.4m | €4.1m | €4.1m | €5.0m | ▲ 24.0% |
| Current portion of amounts payable after more than one year42 | €9,407 | €878 | - | - | €99,321 | - |
| Financial debts43 | €500,000 | €1.5m | €1.5m | €1.9m | €1.5m | ▼ 21.8% |
| Credit institutions430/8 | €500,000 | €1.5m | €1.5m | €1.9m | €1.5m | ▼ 21.8% |
| Trade debts44 | €1.4m | €1.7m | €1.3m | €712,757 | €1.3m | ▲ 81.1% |
| Suppliers440/4 | €1.4m | €1.7m | €1.3m | €712,757 | €1.3m | ▲ 81.1% |
| Taxes, remuneration and social security45 | €169,473 | €164,692 | €250,305 | €189,957 | €185,056 | ▼ 2.6% |
| Taxes450/3 | €8,869 | €5,041 | €8,380 | €10,030 | €10,632 | ▲ 6.0% |
| Remuneration and social security454/9 | €160,604 | €159,651 | €241,926 | €179,927 | €174,424 | ▼ 3.1% |
| Other amounts payable47/48 | €2.4m | €2.0m | €1.1m | €1.2m | €2.0m | ▲ 58.1% |
| Accrued charges and deferred income492/3 | - | €12,249 | €17,938 | €21,170 | €23,278 | ▲ 10.0% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €6,321 | €159,657 | €24,348 | -€413,350 | -€1.2m | ▼ 179% |
| + Depreciation and write-downs630 | €311,092 | €355,825 | €413,945 | €455,236 | €452,264 | ▼ 0.7% |
| Operating cash flow (approximation) | €317,413 | €515,482 | €438,293 | €41,885 | -€700,476 | ▼ 1,772% |
| Investment in fixed assets (approximation) | - | -€352,267 | -€1.3m | -€297,003 | -€10,938 | ▲ 96.3% |
| Change in cash | - | €462,997 | -€412,647 | -€182,265 | €363,526 | ▲ 299% |
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
01-09
State Gazette act
Capital & sharesAuditor report · Capital contribution · Share issue8 facts ▸
State Gazette act
Capital & shares
Auditor report · Capital contribution · Share issue8 facts ▸
- General meeting, 11-08-2026
- Auditor report, 10-08-2026
- Capital contribution, €2.000.000
- Share issue, volledig volstortte nieuwe aandelen met stemrecht en deelname in de winsten en resultaten, 3579
- Statutes amendment, 5
- Power of attorney
- Power of attorney, Brent HOFMANS
- Capital increase, €2.000.000
26-07
NBB filing
Annual accounts filed
fiscal year 2025 · full schema
2025
31-12
Financial
Weakest financial yearnet -€1.2m
Net result drops to -€1.2m, the lowest in the series.
14-07
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
23-08
NBB filing
Annual accounts filed
fiscal year 2023 · full schema · 23 days late
2023
27-07
NBB filing
Annual accounts filed
fiscal year 2022 · abbreviated schema
2022
31-12
Financial
Highest result since 2018net €159,657 ▲2,426%
Operating result €336,855, net result €159,657, both a record.
31-12
Financial
Equity above €200,000Eq €313,375 ▲104%
3 profitable years in a row build equity to €313,375.
15-07
NBB filing
Annual accounts filed
fiscal year 2021 · abbreviated schema
2021
31-12
Financial
Equity above €150,000Eq €153,718 ▲4.3%
2 profitable years in a row build equity to €153,718.
15-07
NBB filing
Annual accounts filed
fiscal year 2020 · abbreviated schema
2020
31-12
Financial
Back to profitnet €129,511
Net result €129,511 after 2 loss-making years.
Show earlier events
31-12
Financial
Equity above €100,000Eq €147,398 ▲724%
Equity rises from €17,887 to €147,398.
21-08
NBB filing
Annual accounts filed
fiscal year 2019 · abbreviated schema · 21 days late
2019
11-07
NBB filing
Annual accounts filed
fiscal year 2018 · abbreviated schema
2018
13-07
NBB filing
Annual accounts filed
fiscal year 2017 · abbreviated schema
2017
10-08
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema · 10 days late
Financial milestoneState Gazette actNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
1 of 14 acts read
About the unread acts
Of the 14 Belgian State Gazette acts we know for this company, 1 has been read. The other 13 have not been read yet: what they contain is neither established nor disproved here.
Have them read with priority
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Directors · office · real estate
Directors
14 acts for this company are in the Belgian State Gazette, of which we have read 1. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Antwerpen · 1 establishment unit since 2010
Ground area
14.8 ha
Building footprint
902 m²
Volume, LiDAR
13,202 m³
Parcel 11820D0014/00W003, Flanders · tallest building 17.7 m, ±5 floors. Linked by address, not a title deed.
1 establishment unit
Corropaint
since 20102.189.475.288
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 11820D0014/00W003 | Flanders | 14.8 ha | 1 · 902 m² | 17.7 m · 5 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.
Structure & network
Part of the group
GENTALS
20 companies
Group, risk and exposure
Owners and holdings
1 ownerChain of control
- GENTALS
- Corropaint
Highest known parent: GENTALS. The sources do not say who stands above it.
Owners 1
- GENTALSparentSourceaccounts GENTALS 202599.9%
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.
Capital and shareholders
Capital over the years
- 01-09-2026 Capital increase of 2,000,000 EUR · to 2,700,000 EUR · 3,579 new shares · in kind
Public money · subsidies and aid
Flemish government
2023 to 2025 · 2 entries · 2,556 EUR awarded · 2,556 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 852 EUR | 852 EUR |
| 2023 | 1 | 1,704 EUR | 1,704 EUR |
Schemes
Recognitions · licences · registrations
Recognised contractor
1 categoryCorropaint NV37949
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Of 7,868 companies in sector 43341 we hold annual accounts for 2,664. 1,606 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formPublic limited company
Founded14-04-2010
Fiscal year end31-12
Activities, NACEBEL 2025
43341Painting of buildings
43342Specialised construction activities
E-invoicing
Reachable via Peppol
Peppol ID
0208:0825086057
Also
9925:BE0825086057
Register as of 27 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.