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.
Credit check for your own amount and term
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
Financials · fiscal year 2025, micro schema
Equity
€23k▲ 105%
2024 · €11k
2022: €7k
2023: €6k▼ -18.3% vs 2022lowest in 4 years
2024: €11k▲ +88.2% vs 2023
2025: €23k▲ +105% vs 2024highest in 4 years
2022 → 2025
Total assets
€34k▲ 92.6%
2024 · €17k
2022: €14k
2023: €12k▼ -10.0% vs 2022lowest in 4 years
2024: €17k▲ +41.4% vs 2023
2025: €34k▲ +92.6% vs 2024highest in 4 years
2022 → 2025
Net result
€12k▲ 123%
2024 · €5k
2022: €4k
2023: €-1k▼ -135% vs 2022lowest in 4 years
2024: €5k▲ +495% vs 2023
2025: €12k▲ +123% vs 2024highest in 4 years
2022 → 2025
Working capital
€19k▲ 75.8%
2024 · €11k
2022: €6k
2023: €5k▼ -17.1% vs 2022lowest in 4 years
2024: €11k▲ +103% vs 2023
2025: €19k▲ +75.8% vs 2024highest in 4 years
2022 → 2025
Trend over the years
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line2022202320242025Trend
Equity€7k-€6k▼ 18.3%€11k▲ 88.2%€23k▲ 105%
2022: €7k
2023: €6k▼ -18.3% vs 2022lowest in 4 years
2024: €11k▲ +88.2% vs 2023
2025: €23k▲ +105% vs 2024highest in 4 years
Operating result€5k-€-1k€7k€16k▲ 133%
2022: €5k
2023: €-1k▼ -122% vs 2022lowest in 4 years
2024: €7k▲ +680% vs 2023
2025: €16k▲ +133% vs 2024highest in 4 years
Net result€4k-€-1k€5k€12k▲ 123%
2022: €4k
2023: €-1k▼ -135% vs 2022lowest in 4 years
2024: €5k▲ +495% vs 2023
2025: €12k▲ +123% vs 2024highest in 4 years
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.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 36 lines
Balance sheet
Code20242025
Assets
Total assets20/58€17k€34k▲
Fixed assets21/28€412€4k▲
Tangible fixed assets22/27€412€4k▲
Plant, machinery and equipment23€412€3k▲
Furniture and vehicles24-€640
Current assets29/58€17k€30k▲
Amounts receivable within one year40/41€6k€14k▲
Trade receivables40€1k€14k▲
Other amounts receivable41€5k€448▼
Cash at bank and in hand54/58€11k€15k▲
Equity and liabilities
Total equity and liabilities10/49€17k€34k▲
Equity10/15€11k€23k▲
Contributions10/11€4k€4k=
Reserves13€8k€18k▲
Distributable reserves133€8k€18k▲
Profit (loss) carried forward14€325€2k▲
Amounts payable17/49€6k€10k▲
Amounts payable within one year42/48€6k€10k▲
Trade debts44-€2k
Suppliers440/4-€2k
Taxes, remuneration and social security45€1k€3k▲
Taxes450/3€1k€3k▲
Other amounts payable47/48€5k€5k=
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€235€816▲
Gross operating margin9900€7k€16k▲
Operating profit (loss)9901€7k€16k▲
Financial charges65/66B€191€102▼
Recurring financial charges65€191€102▼
Profit (loss) for the period before taxes9903€6k€15k▲
Income taxes67/77€1k€4k▲
Profit (loss) for the period9904€5k€12k▲
Profit (loss) for the period to be appropriated9905€5k€12k▲
Appropriation of the result
Profit (loss) to be appropriated9906€5k€12k▲
Profit (loss) brought forward from the previous period14P€-483€325▲
Transfer to equity691/2€5k€10k▲
To other reserves6921€5k€10k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Accounts by statement
| 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 7,863 companies in sector 43341 we hold annual accounts for 2,663. 2,127 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.