DB paints
ActiveSummary
DB paints has been active since 2018 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €68,839 and a net result of €44,743. Equity is growing by ~25.9% per year across the filed fiscal years. Its solvency ranks better than 27% of 28281 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.0% (low).
Checked score
Score 2025
Axes · tick = 2024
Profitability90▼-1
Solvency51▼-42
Growth78=
Track record100
Bankruptcy probability, 12 months
1.0%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €4,000 at 30 days acceptable
Liquidity tight (current ratio 1.26 against 2.83 in 2024; short-term debt: 61% and cash: 13.1% of total assets), and 74.1% of the assets are financed with debt.
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Signals
Four 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 · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
25.9%
Return on assets
16.8%
Age of the figures
9 mo
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
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 09-03-2026, 144 days ahead of the deadline.
NBB · 7 filingsDeviation from the deadline
2025
144 d early
2024
38 d early
2023
34 d early
2022
32 d early
2021
35 d early
2020
35 d early
2019
1 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 45 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. Usually files around 26 June (4 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, micro schema
Equity
€68,839▼ 49.1%
2024 · €135,197
Total assets
€266,122▲ 34.5%
2024 · €197,845
Net result
€44,743▲ 25.1%
2024 · €35,777
Working capital
€42,719▼ 61.6%
2024 · €111,154
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
Operating result€52,414▲ 97.9%€33,209▼ 36.6%€21,274▼ 35.9%€50,819▲ 139%€57,747▲ 13.6%
Net result€36,383above the sector's middle half▲ 96.4%€22,264within the sector's middle half▼ 38.8%€14,569within the sector's middle half▼ 34.6%€35,777above the sector's middle half▲ 146%€44,743above the sector's middle half▲ 25.1%
Equity€76,086within the sector's middle half▲ 91.6%€98,351within the sector's middle half▲ 29.3%€112,919within the sector's middle half▲ 14.8%€135,197above the sector's middle half▲ 19.7%€68,839within the sector's middle half▼ 49.1%
Total assets€161,131within the sector's middle half▲ 24.3%€172,631within the sector's middle half▲ 7.1%€162,789within the sector's middle half▼ 5.7%€197,845within the sector's middle half▲ 21.5%€266,122within the sector's middle half▲ 34.5%
Debt€85,044▼ 5.4%€74,281▼ 12.7%€49,870▼ 32.9%€62,648▲ 25.6%€197,283▲ 215%
Working capital€43,761within the sector's middle half▲ 52.8%€65,306within the sector's middle half▲ 49.2%€85,015within the sector's middle half▲ 30.2%€111,154above the sector's middle half▲ 30.7%€42,719within the sector's middle half▼ 61.6%
Solvency47.2%within the sector's middle half▲ 16.6pp57.0%within the sector's middle half▲ 9.8pp69.4%above the sector's middle half▲ 12.4pp68.3%within the sector's middle half▼ 1.0pp25.9%within the sector's middle half▼ 42.5pp
Current ratio2.03within the sector's middle half▲ 0.082.38within the sector's middle half▲ 0.363.35above the sector's middle half▲ 0.972.83within the sector's middle half▼ 0.521.26within the sector's middle half▼ 1.56
Return on assets (ROA)22.6%above the sector's middle half▲ 8.3pp12.9%within the sector's middle half▼ 9.7pp8.9%within the sector's middle half▼ 3.9pp18.1%above the sector's middle half▲ 9.1pp16.8%within the sector's middle half▼ 1.3pp
Staff (FTE)11=1=1=
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.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2023 the operating result has climbed two years in a row; 2025 is 14% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €266,122
Fixed assets
€61,021 ▲ 136%
Current assets
€205,102 ▲ 19.2%
Equity and liabilities €266,122
Equity
€68,839 ▼ 49.1%
Debt
€197,283 ▲ 215%
Debt's share of the balance-sheet total rises from 31.7% to 74.1%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€76,392▲
2024 · €69,378
Cash flow
€63,388▲
2024 · €54,337
Quick ratio
1.26▼
2024 · 2.79
Debt to equity
2.87▲
2024 · 0.46
ROE
65.0%▲
2024 · 26.5%
Interest coverage
93.98▼
2024 · 119.31
Debt ≤ 1 year
€162,382▲
2024 · €60,853
Debt > 1 year
€34,232▲
2024 · €1,795
Income taxes
€14,724▼
2024 · €16,408
Staff costs
€57,938▲
2024 · €55,720
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 6,713 companies that looked in July 2024 the way this one looks now, 1.8% went bankrupt within 24 months and 96% are still going.
- Micro
- 5 to 10 years old
- solvency 10 to 30%
- a profit of 5% of the balance sheet or more
1.8%
went bankrupt
2.2%
stopped otherwise
96%
still going
A further 0.1% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 1.0% over twelve months; the group does not contradict it.
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 6,713 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 | €5,567 | - | - | - | - | - |
| Remuneration, social security and pensions62 | - | €46,942 | €54,946 | €55,720 | €57,938 | ▲ 4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €16,900 | €18,975 | €18,458 | €18,559 | €18,645 | ▲ 0.5% |
| Other operating charges640/8 | €1,991 | €2,441 | €1,913 | €2,103 | €2,506 | ▲ 19.2% |
| Gross operating margin9900 | €71,305 | €101,567 | €96,591 | €127,201 | €136,836 | ▲ 7.6% |
| Operating profit (loss)9901 | €52,414 | €33,209 | €21,274 | €50,819 | €57,747 | ▲ 13.6% |
| Financial income75/76B | €175 | €691 | €1,554 | €1,949 | €2,532 | ▲ 30.0% |
| Recurring financial income75 | €175 | €691 | €1,554 | €1,949 | €2,532 | ▲ 30.0% |
| Financial charges65/66B | €836 | €746 | €605 | €582 | €813 | ▲ 39.8% |
| Recurring financial charges65 | €836 | €746 | €605 | €582 | €813 | ▲ 39.8% |
| Profit (loss) for the period before taxes9903 | €51,753 | €33,153 | €22,223 | €52,186 | €59,466 | ▲ 14.0% |
| Income taxes67/77 | €15,370 | €10,889 | €7,654 | €16,408 | €14,724 | ▼ 10.3% |
| Profit (loss) for the period9904 | €36,383 | €22,264 | €14,569 | €35,777 | €44,743 | ▲ 25.1% |
| Profit (loss) for the period to be appropriated9905 | €36,383 | €22,264 | €14,569 | €35,777 | €44,743 | ▲ 25.1% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €161,131 | €172,631 | €162,789 | €197,845 | €266,122 | ▲ 34.5% |
| Fixed assets21/28 | €74,687 | €60,067 | €41,609 | €25,838 | €61,021 | ▲ 136% |
| Tangible fixed assets22/27 | €74,687 | €60,067 | €41,609 | €25,838 | €61,021 | ▲ 136% |
| Plant, machinery and equipment23 | €7,140 | €5,930 | €4,364 | €5,485 | €4,315 | ▼ 21.3% |
| Furniture and vehicles24 | €59,797 | €44,448 | €29,201 | €13,954 | €44,278 | ▲ 217% |
| Other tangible fixed assets26 | €7,749 | €9,689 | €8,044 | €6,398 | €12,428 | ▲ 94.2% |
| Current assets29/58 | €86,444 | €112,565 | €121,180 | €172,007 | €205,102 | ▲ 19.2% |
| Amounts receivable after more than one year29 | €40,000 | €45,000 | €55,000 | €70,000 | €80,000 | ▲ 14.3% |
| Other amounts receivable291 | €40,000 | €45,000 | €55,000 | €70,000 | €80,000 | ▲ 14.3% |
| Stocks and contracts in progress3 | €1,500 | €5,350 | €4,500 | €2,000 | €1,250 | ▼ 37.5% |
| Stocks30/36 | €1,500 | €3,850 | €3,250 | €2,000 | €1,250 | ▼ 37.5% |
| Contracts in progress37 | - | €1,500 | €1,250 | - | - | - |
| Amounts receivable within one year40/41 | €19,939 | €25,301 | €1,796 | €1,275 | €17,358 | ▲ 1,261% |
| Trade receivables40 | €19,289 | €24,792 | €921 | €1,266 | €9,588 | ▲ 657% |
| Other amounts receivable41 | €650 | €510 | €875 | €9 | €7,771 | ▲ 89,013% |
| Current investments50/53 | - | - | - | - | €70,000 | - |
| Cash at bank and in hand54/58 | €23,914 | €36,564 | €57,990 | €97,282 | €34,793 | ▼ 64.2% |
| Deferred charges and accrued income490/1 | €1,091 | €350 | €1,895 | €1,449 | €1,700 | ▲ 17.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €161,131 | €172,631 | €162,789 | €197,845 | €266,122 | ▲ 34.5% |
| Equity10/15 | €76,086 | €98,351 | €112,919 | €135,197 | €68,839 | ▼ 49.1% |
| Contributions10/11 | €6,200 | €6,200 | €6,200 | €6,200 | €18,600 | ▲ 200% |
| Reserves13 | €68,500 | €90,500 | €105,000 | €126,000 | €50,000 | ▼ 60.3% |
| Non-distributable reserves130/1 | €1,000 | €1,000 | €1,000 | - | - | - |
| Reserves not available under the articles1311 | €1,000 | €1,000 | €1,000 | - | - | - |
| Distributable reserves133 | €67,500 | €89,500 | €104,000 | €126,000 | €50,000 | ▼ 60.3% |
| Profit (loss) carried forward14 | €1,386 | €1,651 | €1,719 | €2,997 | €239 | ▼ 92.0% |
| Amounts payable17/49 | €85,044 | €74,281 | €49,870 | €62,648 | €197,283 | ▲ 215% |
| Amounts payable after more than one year17 | €42,362 | €27,022 | €13,705 | €1,795 | €34,232 | ▲ 1,807% |
| Financial debts170/4 | €42,362 | €27,022 | €13,705 | €1,795 | €34,232 | ▲ 1,807% |
| Amounts payable within one year42/48 | €42,683 | €47,258 | €36,165 | €60,853 | €162,382 | ▲ 167% |
| Current portion of amounts payable after more than one year42 | €15,905 | €15,340 | €13,317 | €11,910 | €9,899 | ▼ 16.9% |
| Financial debts43 | - | - | €7,500 | €10,000 | €12,000 | ▲ 20.0% |
| Credit institutions430/8 | - | - | €7,500 | €10,000 | €12,000 | ▲ 20.0% |
| Trade debts44 | €8,922 | €9,551 | €9,331 | €10,072 | €3,234 | ▼ 67.9% |
| Suppliers440/4 | €8,922 | €9,551 | €9,331 | €10,072 | €3,234 | ▼ 67.9% |
| Taxes, remuneration and social security45 | €15,333 | €21,072 | €5,716 | €10,534 | €11,464 | ▲ 8.8% |
| Taxes450/3 | €15,333 | €18,778 | €4,676 | €10,534 | €10,048 | ▼ 4.6% |
| Remuneration and social security454/9 | - | €2,293 | €1,039 | - | €1,416 | - |
| Other amounts payable47/48 | €2,522 | €1,296 | €300 | €18,338 | €125,786 | ▲ 586% |
| Accrued charges and deferred income492/3 | - | - | - | - | €668 | - |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €36,383 | €22,264 | €14,569 | €35,777 | €44,743 | ▲ 25.1% |
| + Depreciation and write-downs630 | €16,900 | €18,975 | €18,458 | €18,559 | €18,645 | ▲ 0.5% |
| Operating cash flow (approximation) | €53,283 | €41,240 | €33,026 | €54,337 | €63,388 | ▲ 16.7% |
| Investment in fixed assets (approximation) | - | -€4,355 | €0 | -€2,788 | -€53,828 | ▼ 1,830% |
| Change in cash | - | €12,650 | €21,426 | €39,293 | -€62,489 | ▼ 259% |
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
09-03
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2019net €44,743 ▲25.1%
Operating result €57,747, net result €44,743, both a record.
23-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
27-06
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €14,569 ▼34.6%
Net result drops to €14,569, the lowest in the series; recovery starts the following year.
31-12
Financial
Equity above €100,000Eq €112,919 ▲14.8%
5 profitable years in a row build equity to €112,919.
29-06
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
26-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
26-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
01-08
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 1 day late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 2 acts read
About the unread acts
We know of 2 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
2 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, Koekelare · 1 establishment unit since 2018
Ground area
928 m²
Building footprint
169 m²
Volume, LiDAR
855 m³
Parcel 32010A1267/00V011, Flanders · tallest building 8.3 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
DB paints
since 20182.279.451.993
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 32010A1267/00V011 | Flanders | 928 m² | 1 · 169 m² | 8.3 m · 2 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.
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Of 7,868 companies in sector 43341 we hold annual accounts for 2,665. 2,318 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
Founded13-09-2018
Fiscal year end31-12
Activities, NACEBEL 2025
43341Painting of buildings
43230Insulation installation
43331Floor and wall tiling
43333Wallpapering and laying of floor and wall coverings in other materials
Contact
E-mail
dbpaintsbvba@gmail.com
E-invoicing
Reachable via Peppol
Peppol ID
0208:0703972352
Also
9925:BE0703972352
Registered
31-03-2026
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.