PAINT WORKING
ActiveSummary
The computed 12-month bankruptcy probability of PAINT WORKING is 2.1% (moderate). The 2025 annual accounts show equity of €23k and a net result of €12k. Equity is growing by ~66.1% per year across the filed fiscal years. Its solvency ranks better than 74% of 27965 sector peers (fiscal year 2025). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability100=
Solvency94▲+4
Growth78=
Track record94
Bankruptcy probability, 12 months
2.1%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €1.5k at 30 days acceptable
Liquidity ample (current ratio 2.83 against 2.78 in 2024; short-term debt: 31.1% and cash: 45.2% of total assets), and 31.1% 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 · 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
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
68.9%
Return on assets
35.2%
Age of the figures
9 mo
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 16-07-2026, 15 days ahead of the deadline.
NBB · 4 filingsDeviation from the deadline
2025
15 d early
2024
7 d early
2023
4 d early
2022
11 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
25-09-2026 today31-12-2026 close31-07-2027 deadline
History
Go further with this company
How much credit can you give this customer, and on what term?Credit simulator What should you check before you do business with this company?Supplier due diligence Hiring this company for building work? Recognition, activities and what to check first.Contractor check Accepting this client? The AML file with identity, beneficial owners and sanctions lists.AML client file How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Financials · fiscal year 2025, micro schema
Equity
€23k▲ 105%
2024 · €11k
Total assets
€34k▲ 92.6%
2024 · €17k
Net result
€12k▲ 123%
2024 · €5k
Working capital
€19k▲ 75.8%
2024 · €11k
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
Line2022202320242025
Operating result€5k-€-1k€7k€16k▲ 133%
Net result€4k-€-1k€5k€12k▲ 123%
Equity€7k-€6k▼ 18.3%€11k▲ 88.2%€23k▲ 105%
Total assets€14k-€12k▼ 10.0%€17k▲ 41.4%€34k▲ 92.6%
Debt€6k-€6k▼ 0.4%€6k▼ 3.1%€10k▲ 70.4%
Working capital€6k-€5k▼ 17.1%€11k▲ 103%€19k▲ 75.8%
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 133% above 2024 and is the highest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €34k
Fixed assets
€4k ▲ 868%
Current assets
€30k ▲ 73.8%
Equity and liabilities €34k
Equity
€23k ▲ 105%
Debt
€10k ▲ 70.4%
Debt's share of the balance-sheet total falls from 35.2% to 31.1%. Equity and debt are higher.
Key figures and ratios
EBITDA
€16k▲
2024 · €7k
Cash flow
€13k▲
2024 · €6k
Current ratio
2.83▲
2024 · 2.78
Debt to equity
0.45▼
2024 · 0.54
ROE
51.1%▲
2024 · 46.9%
ROA
35.2%▲
2024 · 30.4%
Interest coverage
160.67▲
2024 · 36.19
Debt ≤ 1 year
€10k▲
2024 · €6k
Income taxes
€4k▲
2024 · €1k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Annual accounts
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €294 | €235 | €235 | €816 | ▲ 247% |
| Gross operating margin9900 | €5k | €-914 | €7k | €16k | ▲ 137% |
| Operating profit (loss)9901 | €5k | €-1k | €7k | €16k | ▲ 133% |
| Financial charges65/66B | €18 | €194 | €191 | €102 | ▼ 46.7% |
| Recurring financial charges65 | €18 | €194 | €191 | €102 | ▼ 46.7% |
| Profit (loss) for the period before taxes9903 | €5k | €-1k | €6k | €15k | ▲ 138% |
| Income taxes67/77 | €1k | - | €1k | €4k | ▲ 207% |
| Profit (loss) for the period9904 | €4k | €-1k | €5k | €12k | ▲ 123% |
| Profit (loss) for the period to be appropriated9905 | €4k | €-1k | €5k | €12k | ▲ 123% |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Assets | |||||
| Total assets20/58 | €14k | €12k | €17k | €34k | ▲ 92.6% |
| Fixed assets21/28 | €882 | €647 | €412 | €4k | ▲ 868% |
| Tangible fixed assets22/27 | €882 | €647 | €412 | €4k | ▲ 868% |
| Plant, machinery and equipment23 | €882 | €647 | €412 | €3k | ▲ 713% |
| Furniture and vehicles24 | - | - | - | €640 | - |
| Current assets29/58 | €13k | €12k | €17k | €30k | ▲ 73.8% |
| Amounts receivable within one year40/41 | €1k | €386 | €6k | €14k | ▲ 149% |
| Trade receivables40 | €318 | - | €1k | €14k | ▲ 1,105% |
| Other amounts receivable41 | €1k | €386 | €5k | €448 | ▼ 90.3% |
| Cash at bank and in hand54/58 | €11k | €11k | €11k | €15k | ▲ 35.0% |
| Equity and liabilities | |||||
| Total equity and liabilities10/49 | €14k | €12k | €17k | €34k | ▲ 92.6% |
| Equity10/15 | €7k | €6k | €11k | €23k | ▲ 105% |
| Contributions10/11 | €4k | €4k | €4k | €4k | = |
| Reserves13 | €3k | €3k | €8k | €18k | ▲ 133% |
| Distributable reserves133 | €3k | €3k | €8k | €18k | ▲ 133% |
| Profit (loss) carried forward14 | €861 | €-483 | €325 | €2k | ▲ 567% |
| Amounts payable17/49 | €6k | €6k | €6k | €10k | ▲ 70.4% |
| Amounts payable within one year42/48 | €6k | €6k | €6k | €10k | ▲ 70.4% |
| Trade debts44 | €56 | €29 | - | €2k | - |
| Suppliers440/4 | €56 | €29 | - | €2k | - |
| Taxes, remuneration and social security45 | €1k | €1k | €1k | €3k | ▲ 177% |
| Taxes450/3 | €1k | €1k | €1k | €3k | ▲ 177% |
| Other amounts payable47/48 | €5k | €5k | €5k | €5k | = |
| Line | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €4k | €-1k | €5k | €12k | ▲ 123% |
| + Depreciation and write-downs630 | €294 | €235 | €235 | €816 | ▲ 247% |
| Operating cash flow (approximation) | €4k | €-1k | €6k | €13k | ▲ 128% |
| Investment in fixed assets (approximation) | - | €0 | €0 | €-4k | - |
| Change in cash | - | €-165 | €-63 | €4k | ▲ 6,399% |
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
16-07
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-12
Financial
Highest result since 2022net €12k ▲123%
Operating result €16k, net result €12k, both a record.
24-07
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-12
Financial
Back to profitnet €5k
Net result €5k after one loss-making year.
27-07
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-12
Financial
Weakest financial yearnet €-1k
Net result drops to €-1k, the lowest in the series; recovery starts the following year.
20-07
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 1 act read
About the unread acts
We know of 1 Belgian State Gazette act for this company. It has not been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
1 act for this company is 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, Sint-Pieters-Leeuw · 1 establishment unit since 2021
Ground area
304 m²
Building footprint
93 m²
Volume, LiDAR
607 m³
Parcel 23069B0011/00D003, Flanders · tallest building 8.5 m, ±3 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
PAINT WORKING
since 20212.321.352.431
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23069B0011/00D003 | Flanders | 304 m² | 1 · 93 m² | 8.5 m · 3 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 7,867 companies in sector 43341 we hold annual accounts for 2,664. 2,128 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
Founded01-07-2021
Fiscal year end31-12
Activities, NACEBEL 2025
43341Painting of buildings
Scores and ratios are computed by Checked and are not a credit decision.