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DEBAL COATINGS

Active
Public limited companyfounded 1975active for 51 yearsIndustrieweg 29, 8800 Roeselare, BelgiumKBO/BCE: BE 0415.109.718
Summary

DEBAL COATINGS has been active since 1975 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €4.8m and a net result of €1.2m. Equity has been growing by about 5.6% per year since 2018. Its solvency ranks better than 43% of 317 sector peers (NACE 20, financial year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).

Overview

Official details

Source: KBO
Status
Active since 27-03-1975 Normal situation
Activity
Manufacture of chemicals and chemical products NACE 20300
Joint committees
116 Paritair Comité voor de scheikundige nijverheid
207 Paritair Comité voor de bedienden uit de scheikundige nijverheid · annual accounts 2025
Establishment units
2.011.122.873 8800 Roeselare, since 01-01-1975
2.315.369.313 8800 Roeselare, since 01-04-2021
Financial year end
31 December
Peppol
Reachable

Board and ownership

Board
  • Blanchon International SASDirector · since 01-05-2022 · permanent representative Guillaume Clément
Shareholders
  • DEBAL FINANCEannual accounts 2025
  • Baoli Internationalannual accounts 2025
Holdings
Shares in 2 companies Ciranova Shanghai Wfoe and Ciranova USA

Financial position

95 Excellent Checked score 2025
Bankruptcy probabilitywithin 12 months
0.1%
Annual accounts 2025
Turnover
€13.9m
▲ 7.9%
Profit
€1.2m
Equity
€4.8m
▲ 34.7%
Total assets
€10.7m
▼ 2.5%
Employees on 31-12-2025
39
▼ 9.3%
Score breakdownlowers riskFounded in 1975Profit of €1.2m (financial year 2025)Size: turnover €13.9m, 37.9 FTE, total assets €10.7mLegal form: public limited companyShow the evidence

Checked score

Score 2025
95 / 100
Excellent
Probability in this band: under 0.55%
Financially stronger than 58% of small companies in chemicals (NACE 20)
Financial strength · tick: 2024
Strong
Solvency 70+12
equity 45.0% of total assets
Liquidity 34+4
short-term debt 51.8% · cash 8.1%
Profitability 84+57
return on assets 11.6%
Bankruptcy probability within 12 months
0.1% Very low
0%0.5%1.5%4%10%≥ 25%

Fewer than 1 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.1% (147 companies, NACE 20, small)
Last 24 months 12-2024: 0.3%highest value 01-2025: 0.3%● unchanged vs 12-2024highest value 02-2025: 0.3%● unchanged vs 01-2025 03-2025: 0.3%● unchanged vs 02-2025 04-2025: 0.3%● unchanged vs 03-2025 05-2025: 0.3%● unchanged vs 04-2025 06-2025: 0.3%● unchanged vs 05-2025 07-2025: 0.3%● unchanged vs 06-2025 08-2025: 0.3%● unchanged vs 07-2025 09-2025: 0.3%● unchanged vs 08-2025 10-2025: 0.3%● unchanged vs 09-2025 11-2025: 0.3%● unchanged vs 10-2025 12-2025: 0.3%● unchanged vs 11-2025 01-2026: 0.3%● unchanged vs 12-2025 02-2026: 0.3%● unchanged vs 01-2026 03-2026: 0.3%● unchanged vs 02-2026 04-2026: 0.3%● unchanged vs 03-2026 05-2026: 0.3%● unchanged vs 04-2026 06-2026: 0.3%● unchanged vs 05-2026 07-2026: 0.1%▼ -0.2 percentage points vs 06-2026lowest value 08-2026: 0.1%● unchanged vs 07-2026lowest value 09-2026: 0.1%● unchanged vs 08-2026lowest value 10-2026: 0.1%● unchanged vs 09-2026lowest value 11-2026: 0.1%● unchanged vs 10-2026lowest value
Credit of up to €450,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.6 (1.27 in 2024), above the usual 1.5. Short-term debt is 51.8% and cash 8.1% of total assets. However, 55% of the assets are financed with debt and provisions.
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 20, small). It does better than 42% of them on solvency, 25% on liquidity, 82% on profitability and 83% on growth.

The bankruptcy probability was computed on 02-11-2026 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.

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).

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The scores and ratios are Checked's own calculations, not a credit decision.

Signals

Five signals.
lowers riskneutral
lowers risk · Founded in 1975
Companies that have existed this long fail less often. How much that weighs depends on the rest of the company's profile.
KBO
lowers risk · Profit of €1.2m (financial year 2025)
NBB · annual accounts
lowers risk · Size: turnover €13.9m, 37.9 FTE, total assets €10.7m
Companies of this size fail less often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
lowers risk · Legal form: public limited company
KBO
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 10-06-2026, 51 days ahead of the deadline.
NBB · 10 filings
Deviation from the deadline
2025
51 days early
2024
41 days early
2023
8 days early
2022
31 days late
2021
47 days late
2020
10 days late
2019
10 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 on the deadline day. In the sector (NACE 20), the median for financial year 2024 was 22 days before the deadline, and 26% 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 24 July (4 of the last 5 accounts filed within 44 days either side of that date).
Companies Code · seven months
Where today falls in the filing period
02-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Positive: Back in profit in 2025after a loss of €346,278 in 2024 €1.2m View
  • 3 restructurings in 2026latest: merger with DEBAL FINANCE 3 View
  • Positive: 6th oldest company in West Flanders, Chemicals sectorin the Checked rankings No. 6 View
  • Flemish supportawarded from 2022 to 2025 €74,967 View

Recent changes

  1. · Gazette deed Merger: DEBAL COATINGS takes over DEBAL FINANCECapital increase of €747,077 to €847,077
  2. · Gazette deed Merger proposal: Debal Coatings NV takes over Debal Finance NV
  3. · Gazette deed Reappointment: Ernst & Young Bedrijfsrevisoren BV (statutory auditor)
All 17 events

Comparable companies

These companies have the same main activity as DEBAL COATINGS: manufacture of chemicals and chemical products (NACE 20300). They are comparable in size and age: total assets between €7.4m and €12m, founded between 1967 and 1995.

CompanyTotal assetsTurnover
DEBAL COATINGS Roeselare€10.7m€13.9m
Thiry Paints West-Vlaanderen Tielt€7.4m€14.5m
Farbwerke Herkula Sankt Vith€9.0m€10.2m
ALL CHEMIE BELGIUM Lummen€8.0m€15.3m
REWAH Zandhoven€8.2m€14.1m
NOF METAL COATINGS EUROPE Grobbendonk€10.3m€23.2m
MCTECHNICS Visé€11.6m€24.0m
Full comparison

Key facts about DEBAL COATINGS

What is the company number of DEBAL COATINGS?
The company number of DEBAL COATINGS is 0415.109.718. The VAT number is the same number with BE in front: BE 0415.109.718.
Where is DEBAL COATINGS based?
The registered office is at Industrieweg 29, 8800 Roeselare.Company details
What does DEBAL COATINGS do?
According to the KBO register, the main activity is manufacture of chemicals and chemical products (NACE 20300).
What is the legal form of DEBAL COATINGS?
The legal form of DEBAL COATINGS is Public limited company (NV).
When was DEBAL COATINGS founded?
DEBAL COATINGS was founded on 27-03-1975.
Is DEBAL COATINGS still active?
Yes, DEBAL COATINGS is an active enterprise in the KBO register.
How many employees does DEBAL COATINGS have?
DEBAL COATINGS had an average of 37.9 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
Which joint committee does DEBAL COATINGS fall under?
In its 2025 annual accounts, DEBAL COATINGS states joint committees 116 (Paritair Comité voor de scheikundige nijverheid) and 207 (Paritair Comité voor de bedienden uit de scheikundige nijverheid).
What is the turnover of DEBAL COATINGS?
The turnover of DEBAL COATINGS was €13.9m in financial year 2025, according to the filed annual accounts.
Is DEBAL COATINGS profitable?
In financial year 2025, DEBAL COATINGS made a profit of €1.2m.
Where can I find the annual accounts of DEBAL COATINGS?
DEBAL COATINGS filed 47 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
When are the next annual accounts of DEBAL COATINGS due?
DEBAL COATINGS must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

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