Paint Service
ActivePaint Service has been active since 1964 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €466k and a net result of €-140k. Equity remains stable across the filed fiscal years (±2.3% per year). Its solvency ranks better than 68% of 5988 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2024
53
/ 100
Fair
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability0▼-11
Solvency82▼-16
Growth22=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €24k at 30 days acceptable
Liquidity ample (current ratio 2.16 against 3.38 in 2023; short-term debt: 42.6% and cash: 6.1% of total assets), and 42.6% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Eight signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
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 2024Solvency, return and age of the figures
Solvency
57.4%
Return on assets
-17.3%
Age of the figures
20 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Sector 46
higher
← fewer bankruptcies
more bankruptcies →
raises risk · Persistent losses
Two consecutive loss-making years (2023 and 2024); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2024Net result per financial year
18192021222324
2018 to 2024 · latest year €-140k
neutral · Latest accounts filed on time
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-07-2025, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
not confirmed
2024
2 d early
2023
37 d early
2022
40 d early
2021
46 d early
2020
26 d early
2019
15 d early
← before the deadline
after the deadline →
Financials · fiscal year 2024, full schema
Turnover
€16▼ 99.6%
2020 · €4k
2019: €1k
2020: €4k
2019 → 2021
EBIT margin
308830.2%▲ 308313.4pp
2020 · 516.8%
2019: -13286.3%
2020: 516.8%
2019 → 2021
Net result
€-140k▼ 185%
2023 · €-49k
2018: €41k
2019: €-134k
2020: €33k
2021: €80k
2022: €741
2023: €-49k
2018 → 2024
Working capital
€402k▼ 22.7%
2023 · €521k
2018: €581k
2019: €456k
2020: €509k
2021: €592k
2022: €615k
2023: €521k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Turnover€4k-€16▼ 99.6%
Equity€574k-€654k▲ 14.0%€655k▲ 0.1%€606k▼ 7.5%€466k▼ 23.1%
Operating result€19k-€51k▲ 167%€-32k€-79k▼ 149%€-165k▼ 108%
Net result€33k-€80k▲ 145%€741▼ 99.1%€-49k€-140k▼ 185%
Result per fiscal year
Operating resultNet result
The operating result stays negative: a loss of €165k in 2024 against €79k in 2023; the loss grows and 2024 has the lowest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €811k
Fixed assets
€63k▼ 25.6%
Current assets
€748k▲ 1.2%
Equity and liabilities €811k
Equity
€466k▼ 23.1%
Debt
€346k▲ 58.3%
The debt ratio rises from 26.5% to 42.6%. Equity is lower and debt is higher.
Key figures and ratios
EBITDA
€-116k▼
2023 · €-50k
Cash flow
€-91k▼
2023 · €-20k
Solvency
57.4%▼
2023 · 73.5%
Current ratio
2.16▼
2023 · 3.38
Quick ratio
1.03▼
2023 · 1.61
Debt / equity
0.74▲
2023 · 0.36
ROE
-30.1%▼
2023 · -8.1%
ROA
-17.3%▼
2023 · -6.0%
Interest coverage
-331.68▼
2023 · -27.55
Debt
€346k▲
2023 · €218k
Debt ≤ 1 year
€346k▲
2023 · €218k
Staff costs
€667k▲
2023 · €597k
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€824k€811k▼
Fixed assets21/28€85k€63k▼
Tangible fixed assets22/27€84k€63k▼
Land and buildings22€24k€21k▼
Plant, machinery and equipment23€43k€27k▼
Furniture and vehicles24€17k€14k▼
Financial fixed assets28€803€803=
Current assets29/58€739k€748k▲
Stocks and contracts in progress3€387k€392k▲
Stocks30/36€387k€392k▲
Amounts receivable within one year40/41€293k€306k▲
Trade receivables40€293k€256k▼
Other amounts receivable41-€50k
Cash at bank and in hand54/58€59k€49k▼
Equity and liabilities
Total equity and liabilities10/49€824k€811k▼
Equity10/15€606k€466k▼
Contributions10/11€75k€75k=
Capital10€75k€75k=
Issued capital100€75k€75k=
Reserves13€203k€203k=
Non-distributable reserves130/1€8k€8k=
Legal reserve130€8k€8k=
Distributable reserves133€196k€196k=
Profit (loss) carried forward14€327k€187k▼
Amounts payable17/49€218k€346k▲
Amounts payable within one year42/48€218k€346k▲
Trade debts44€168k€318k▲
Suppliers440/4€168k€318k▲
Taxes, remuneration and social security45€33k€12k▼
Remuneration and social security454/9€33k€12k▼
Other amounts payable47/48€17k€16k▼
Income statement
Code20232024
Remuneration, social security and pensions62€597k€667k▲
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€30k€49k▲
Provisions for liabilities and charges: additions (uses and reversals)635/8-€6k
Other operating charges640/8€6k-
Non-recurring operating charges66A€476€78▼
Gross operating margin9900€553k€557k▲
Operating profit (loss)9901€-79k€-165k▼
Financial income75/76B€32k€26k▼
Recurring financial income75€32k€26k▼
Financial charges65/66B€2k€350▼
Recurring financial charges65€2k€350▼
Profit (loss) for the period before taxes9903€-49k€-140k▼
Profit (loss) for the period9904€-49k€-140k▼
Profit (loss) for the period to be appropriated9905€-49k€-140k▼
Appropriation of the result
Profit (loss) to be appropriated9906€327k€187k▼
Profit (loss) brought forward from the previous period14P€377k€327k▼
Social balance
Average headcount (FTE)90870.010.0▲
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
29-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
31-12
Financial
Weakest financial yearnet €-140k
Net result drops to €-140k, the lowest in the series.
24-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
21-06
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
15-06
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Highest result since 2018net €80k ▲145%
Operating result €51k, net result €80k, both a record.
05-07
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Back to profitnet €33k
Net result €33k after one loss-making year.
16-07
NBB filing
Annual accounts filed
fiscal year 2019 · full schema
2019
20-06
NBB filing
Annual accounts filed
fiscal year 2018 · full schema
2018
06-07
NBB filing
Annual accounts filed
fiscal year 2017 · full schema
2017
12-06
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
2016
14-06
NBB filing
Annual accounts filed
fiscal year 2015 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
4 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, Nivelles · 1 establishment unit since 2015
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.
Chaussée de Namur 85 b1400 NivellesGround area
2,836 m²
Building footprint
491 m²
Volume, LiDAR
540 m³
2 parcels, Wallonia · tallest building 6.8 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
PAINT-SERVICE
since 20152.243.796.773
2 parcels
Wallonia
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 25099A0003/00T000 | Wallonia | 2,369 m² | 1 · 406 m² | - |
| 25782C0566/00G000indicative | Wallonia | 467 m² | 1 · 85 m² | 6.8 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1 · via establishment units: 1
1 of 2 parcels 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
stone consulting
BE 0864.860.809
Oostkamp · Eq €468k
HOBOMAT
BE 0446.257.408
Kasterlee · Eq €468k
FRP
BE 0747.700.546
Oudenaarde · Eq €462k
ERQUELINNES MATERIAUX
BE 0459.511.170
Erquelinnes · Eq €471k
VANDIX
BE 0437.702.206
Oostende · Eq €459k
Of 1,804 companies in sector 46831 we hold annual accounts for 1,398. 1,029 are within a factor 10 of this equity.See the whole sector
Company data · Crossroads Bank
Identification
Legal formPublic limited company
Founded16-04-1964
Fiscal year end31-12
Activities, NACEBEL
46831Wholesale of construction materials, general range
51532
Sources
Crossroads Bank for EnterprisesNational Bank · 48 filingsAddress and cadastre registers
Data from official sources, last processed on 15-09-2026. Scores and ratios are computed by Checked and are not a credit decision.