G-PAINT
ActiveThe computed 12-month bankruptcy probability of G-PAINT is 2.4% (moderate). The 2024 annual accounts show equity of €41k and a net result of €339. Equity is growing by ~41.6% per year across the filed fiscal years. Its solvency ranks better than 36% of 36377 sector peers (fiscal year 2024). The company has been active since 2019 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2024
69
/ 100
Healthy▼ -31 vs 2023
The score combines four axes. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability4▼-96
Solvency54▼-40
Growth52▼-26
Stability100
Bankruptcy probability, 12 months
2.4%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €3k at 30 days acceptable
Liquidity tight (current ratio 1.02 against 1.84 in 2023), and 65.9% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
+raises risk○neutral
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
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
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
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 2024Solvency, return and age of the figures
Solvency
34.1%
Return on assets
0.3%
Age of the figures
20 mo
neutral · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 31-08-2025, 31 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 5 filingsDeviation from the deadline
2025
not confirmed
2024
31 d late
2023
30 d late
2022
8 d early
2021
38 d early
2020
36 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, micro schema
Equity
€41k▲ 0.8%
2023 · €40k
2020: €8k
2021: €20k
2022: €29k
2023: €40k
2020 → 2024
Total assets
€120k▲ 72.9%
2023 · €69k
2020: €20k
2021: €47k
2022: €46k
2023: €69k
2020 → 2024
Net result
€339▼ 97.0%
2023 · €11k
2020: €6k
2021: €13k
2022: €9k
2023: €11k
2020 → 2024
Working capital
€2k▼ 93.1%
2023 · €24k
2020: €-4k
2021: €20k
2022: €22k
2023: €24k
2020 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€8k-€20k▲ 165%€29k▲ 42.4%€40k▲ 39.4%€41k▲ 0.8%
Operating result€11k-€23k▲ 111%€10k▼ 56.4%€15k▲ 47.5%€26k▲ 75.6%
Net result€6k-€13k▲ 96.0%€9k▼ 32.0%€11k▲ 32.5%€339▼ 97.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 76% above 2023 and is the highest year so far.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €120k
Fixed assets
€50k▲ 206%
Current assets
€70k▲ 31.7%
Equity and liabilities €120k
Equity
€41k▲ 0.8%
Debt
€79k▲ 174%
The debt ratio rises from 41.6% to 65.9%: debt grows faster than equity.
Key figures and ratios
EBITDA
€36k▲
2023 · €19k
Cash flow
€10k▼
2023 · €16k
Solvency
34.1%▼
2023 · 58.4%
Current ratio
1.02▼
2023 · 1.84
Quick ratio
0.88▼
2023 · 1.84
Debt / equity
1.93▲
2023 · 0.71
ROE
0.8%▼
2023 · 28.3%
ROA
0.3%▼
2023 · 16.5%
Interest coverage
6.63▼
2023 · 17.61
Debt
€79k▲
2023 · €29k
Debt ≤ 1 year
€68k▲
2023 · €29k
Debt > 1 year
€11k
Income taxes
€5k▲
2023 · €4k
Staff costs
€407▲
2023 · €172
Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.
Filed annual accounts
As filed with the NBB · 2024 against 2023
Balance sheet
Code20232024
Assets
Total assets20/58€69k€120k▲
Fixed assets21/28€16k€50k▲
Tangible fixed assets22/27€16k€50k▲
Plant, machinery and equipment23€3k€3k▲
Furniture and vehicles24€13k€47k▲
Current assets29/58€53k€70k▲
Stocks and contracts in progress3-€10k
Stocks30/36-€10k
Amounts receivable within one year40/41€53k€56k▲
Trade receivables40€16k€52k▲
Other amounts receivable41€37k€4k▼
Deferred charges and accrued income490/1-€4k
Equity and liabilities
Total equity and liabilities10/49€69k€120k▲
Equity10/15€40k€41k▲
Contributions10/11€1k€1k=
Profit (loss) carried forward14€39k€40k▲
Amounts payable17/49€29k€79k▲
Amounts payable after more than one year17-€11k
Financial debts170/4-€11k
Amounts payable within one year42/48€29k€68k▲
Current portion of amounts payable after more than one year42€5k€8k▲
Financial debts43€12k€1▼
Credit institutions430/8€12k€1▼
Trade debts44€7k€7k▲
Suppliers440/4€7k€7k▲
Taxes, remuneration and social security45€5k€12k▲
Taxes450/3€5k€9k▲
Remuneration and social security454/9-€4k
Other amounts payable47/48-€40k
Income statement
Code20232024
Remuneration, social security and pensions62€172€407▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€4k€10k▲
Other operating charges640/8€2k€3k▲
Gross operating margin9900€21k€39k▲
Operating profit (loss)9901€15k€26k▲
Financial income75/76B€1k€11▼
Recurring financial income75€1€11▲
Non-recurring financial income76B€1k-
Financial charges65/66B€1k€21k▲
Recurring financial charges65€1k€5k▲
Non-recurring financial charges66B-€15k
Profit (loss) for the period before taxes9903€15k€6k▼
Income taxes67/77€4k€5k▲
Profit (loss) for the period9904€11k€339▼
Profit (loss) for the period to be appropriated9905€11k€339▼
Appropriation of the result
Profit (loss) to be appropriated9906€39k€40k▲
Profit (loss) brought forward from the previous period14P€28k€39k▲
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
31-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 31 days late
2024
31-12
Financial
Weakest financial yearnet €339 ▼97%
Net result drops to €339, the lowest in the series.
30-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 30 days late
2023
23-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
23-06
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-12
Financial
Highest result since 2020net €13k ▲96%
Net result €13k, the highest in the series.
31-12
Financial
Liquidity triplescurrent ratio 1.77
Current ratio from 0.69 to 1.77.
25-06
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
6 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, Diest · 1 establishment unit since 2019
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Burchtstraat 13290 DiestGround area
356 m²
Building footprint
22 m²
Volume, LiDAR
2 m³
Parcel 24097O0119/00R000, Flanders · tallest building 0.7 m. Linked by address, not a title deed.
1 establishment unit
G - Paint
since 20192.292.123.559
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 24097O0119/00R000 | Flanders | 356 m² | 1 · 22 m² | 0.7 m |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
FM RENOVATION
BE 0690.950.004
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DREAMERS
BE 0870.638.148
Vorst · Eq €41k
PETRANA
BE 0797.046.525
Vorst · Eq €41k
GLOBAL 66
BE 0729.768.810
Dilbeek · Eq €41k
VISION INTERIORS
BE 1000.264.196
Boortmeerbeek · Eq €41k
Of 7,247 companies in sector 43350 we hold annual accounts for 2,333. 1,943 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded05-07-2019
Fiscal year end31-12
Activities, NACEBEL
43350Other building finishing work
43342Specialised construction activities
95316Washing and cleaning of motor vehicles
Sources
Crossroads Bank for EnterprisesNational Bank · 5 filingsAddress and cadastre registers
Data from official sources, last processed on 11-09-2026. Scores and ratios are computed by Checked and are not a credit decision.