Paint Master
ActiveSummary
For Paint Master, at least two filing cycles of the annual accounts are missing. The 2022 annual accounts show equity of €14,165 and a net result of €5,650. Its solvency ranks better than 27% of 3077 sector peers (fiscal year 2022). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals. The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
No current score
Figures too old
The available figures for FY 2022 are too old to assess current financial health.
Filing: At least two filing cycles are missing
Axes, FY 2022 · tick = 2021
Profitability74▲+7
Solvency36▲+4
Growth52
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
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Signals
Six signals. The signal on the left, the evidence on the right.
−lowers risk+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 · 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 2022Solvency, return and age of the figures
Solvency
11.5%
Return on assets
4.6%
Age of the figures
45 mo
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 95
Relative position
BE, all sectors
reference
Repair and maintenance of computers, personal and household goods, and motor vehicles and motorcycles (NACE 95)
about 19% fewer bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Two or more financial years not filed
Since the financial year that closed on 31-12-2023, 3 financial years are missing at the National Bank. A company this far behind goes bankrupt within the year nineteen times as often as a punctual filer.
NBB · 2 filingsPosition against the passed deadline
31-12-2023 close31-07-2024 deadline26-09-2026 today
neutral · Filed after the deadline
The financial year that closed on 31-12-2022 was due by 31-07-2023 and was filed on 31-08-2023, 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 · 2 filingsDeviation from the deadline
2025
not confirmed
2024
not filed
2023
not filed
2022
31 d late
2021
16 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 2 accounts on average 24 days after the deadline; the sector median for financial year 2024 is on the deadline day, and 47% of the sector filed late.
Checked, nothing found (1)
History
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Financials · fiscal year 2022, micro schema
Equity
€14,165▲ 61.6%
2021 · €8,767
Total assets
€123,478▼ 6.3%
2021 · €131,746
Net result
€5,650▼ 27.3%
2021 · €7,767
Working capital
€9,900▼ 35.6%
2021 · €15,377
Trend over the years
Click a name to add, emphasise or remove a line.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022
Operating result€13,702-€11,472▼ 16.3%
Net result€7,767-€5,650▼ 27.3%
Equity€8,767-€14,165▲ 61.6%
Total assets€131,746-€123,478▼ 6.3%
Debt€122,978-€109,313▼ 11.1%
Working capital€15,377-€9,900▼ 35.6%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2022; 2022 is 16% below 2021.
Balance-sheet composition
2022 in colour, 2021 as the grey bar beneath
Assets €123,478
Fixed assets
€73,710 ▼ 5.0%
Current assets
€49,768 ▼ 8.1%
Equity and liabilities €123,478
Equity
€14,165 ▲ 61.6%
Debt
€109,313 ▼ 11.1%
Debt's share of the balance-sheet total falls from 93.3% to 88.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€29,709▲
2021 · €18,430
Cash flow
€23,886▲
2021 · €12,496
Current ratio
1.25▼
2021 · 1.40
Debt to equity
7.72▼
2021 · 14.03
ROE
39.9%▼
2021 · 88.6%
ROA
4.6%▼
2021 · 5.9%
Interest coverage
8.25▲
2021 · 4.95
Debt ≤ 1 year
€39,867▲
2021 · €38,775
Debt > 1 year
€69,445▼
2021 · €84,204
Income taxes
€2,264▼
2021 · €2,275
Staff costs
€2,340▼
2021 · €2,862
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2021 | 2022 | Change |
|---|---|---|---|
| Remuneration, social security and pensions62 | €2,862 | €2,340 | ▼ 18.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €4,728 | €18,237 | ▲ 286% |
| Other operating charges640/8 | €1,384 | €1,117 | ▼ 19.3% |
| Non-recurring operating charges66A | €2,270 | - | - |
| Gross operating margin9900 | €24,947 | €33,166 | ▲ 32.9% |
| Operating profit (loss)9901 | €13,702 | €11,472 | ▼ 16.3% |
| Financial income75/76B | €62 | €42 | ▼ 32.8% |
| Recurring financial income75 | €62 | €42 | ▼ 32.8% |
| Financial charges65/66B | €3,721 | €3,600 | ▼ 3.3% |
| Recurring financial charges65 | €3,721 | €3,600 | ▼ 3.3% |
| Profit (loss) for the period before taxes9903 | €10,043 | €7,914 | ▼ 21.2% |
| Income taxes67/77 | €2,275 | €2,264 | ▼ 0.5% |
| Profit (loss) for the period9904 | €7,767 | €5,650 | ▼ 27.3% |
| Profit (loss) for the period to be appropriated9905 | €7,767 | €5,650 | ▼ 27.3% |
| Line | 2021 | 2022 | Change |
|---|---|---|---|
| Assets | |||
| Total assets20/58 | €131,746 | €123,478 | ▼ 6.3% |
| Fixed assets21/28 | €77,594 | €73,710 | ▼ 5.0% |
| Tangible fixed assets22/27 | €77,594 | €73,710 | ▼ 5.0% |
| Plant, machinery and equipment23 | €3,305 | €3,822 | ▲ 15.6% |
| Furniture and vehicles24 | €7,213 | €16,689 | ▲ 131% |
| Leasing and similar rights25 | €67,076 | €53,198 | ▼ 20.7% |
| Current assets29/58 | €54,152 | €49,768 | ▼ 8.1% |
| Amounts receivable after more than one year29 | - | €30,000 | - |
| Other amounts receivable291 | - | €30,000 | - |
| Amounts receivable within one year40/41 | €41,464 | €14,930 | ▼ 64.0% |
| Trade receivables40 | - | €5,711 | - |
| Other amounts receivable41 | €41,464 | €9,219 | ▼ 77.8% |
| Cash at bank and in hand54/58 | €8,688 | €4,838 | ▼ 44.3% |
| Deferred charges and accrued income490/1 | €4,000 | - | - |
| Equity and liabilities | |||
| Total equity and liabilities10/49 | €131,746 | €123,478 | ▼ 6.3% |
| Equity10/15 | €8,767 | €14,165 | ▲ 61.6% |
| Contributions10/11 | €1,000 | €1,000 | = |
| Reserves13 | - | €13,165 | - |
| Distributable reserves133 | - | €13,165 | - |
| Profit (loss) carried forward14 | €7,767 | - | - |
| Amounts payable17/49 | €122,978 | €109,313 | ▼ 11.1% |
| Amounts payable after more than one year17 | €84,204 | €69,445 | ▼ 17.5% |
| Financial debts170/4 | €84,204 | €69,445 | ▼ 17.5% |
| Amounts payable within one year42/48 | €38,775 | €39,867 | ▲ 2.8% |
| Current portion of amounts payable after more than one year42 | €22,793 | €21,875 | ▼ 4.0% |
| Trade debts44 | €14,204 | €11,333 | ▼ 20.2% |
| Suppliers440/4 | €14,204 | €11,333 | ▼ 20.2% |
| Taxes, remuneration and social security45 | €1,778 | €5,649 | ▲ 218% |
| Taxes450/3 | €1,778 | €5,649 | ▲ 218% |
| Other amounts payable47/48 | - | €1,010 | - |
| Line | 2021 | 2022 | Change |
|---|---|---|---|
| Profit (loss) for the period9904 | €7,767 | €5,650 | ▼ 27.3% |
| + Depreciation and write-downs630 | €4,728 | €18,237 | ▲ 286% |
| Operating cash flow (approximation) | €12,496 | €23,886 | ▲ 91.2% |
| Investment in fixed assets (approximation) | - | -€14,353 | - |
| Change in cash | - | -€3,850 | - |
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
2023
31-08
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 31 days late
2022
16-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 16 days late
NBB filing
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, Geraardsbergen · 1 establishment unit since 2020
Ground area
1,072 m²
Building footprint
179 m²
Volume, LiDAR
834 m³
Parcel 41079B0253/00K000, Flanders · tallest building 8.2 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
Paint Master
since 20202.306.659.406
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 41079B0253/00K000 | Flanders | 1,072 m² | 1 · 179 m² | 8.2 m · 1 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 2,543 companies in sector 95290 we hold annual accounts for 418. 263 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Identification & contact
Identification
Legal formLimited partnership
Founded04-09-2020
Fiscal year end31-12
Activities, NACEBEL 2025
95290Repair and maintenance of other personal and household goods
Contact
E-mail
info@g-f-s.be
Scores and ratios are computed by Checked and are not a credit decision.