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PAINTFACTORY KORTRIJK

Active
Public limited companyfounded 2021active for 5 yearsEngelse Wandeling(Kor) 2, 8500 Kortrijk, Belgium135 active companies are registered at this addressKBO/BCE: BE 0770.872.955

From the official registers: KBO 4 annual accounts at the National Bank publications in the Belgian Official Gazette

Summary

PAINTFACTORY KORTRIJK has been active since 2021 and the Belgian Official Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €88,651 and a net result of €28,338. Equity has been growing by about 35% per year since 2022. Its solvency ranks better than 59% of 5,036 sector peers (NACE 47, financial year 2025). The computed 12-month bankruptcy probability is 0.8% (low).

Risk analysisFollow ReportCompare
PAINTFACTORY KORTRIJKActiveChecked score 69/100
Risk analysis ReportCompare

Overview

Official details

KBO
Status
Active since 07-07-2021 Normal situation
Legal form
Public limited company
Registered office
Engelse Wandeling(Kor) 2, 8500 Kortrijk
Activity
Retail trade NACE 47526and 3 others
Establishment unit
2.320.354.816 8500 Kortrijk, since 07-07-2021
Financial year end
31 December
Peppol
Reachable since 12-11-2025
Company details

Board and ownership

Board
  • Garcelot BVDirector · since 07-07-2021
Shareholders
Board & ownership

Financial position

69 Healthy Checked score 2025
Bankruptcy probabilitywithin 12 months
0.8%
Annual accounts 2025
Gross margin
€173,553
▲ 80.2%
Turnover
≈ €980,000
estimated
Profit
€28,338
Equity
€88,651
▲ 47.0%
Total assets
€199,281
▼ 13.4%
Staff
2.3 FTE
▲ 53.3%
2025 accounts filed 3 days before the deadline
Filed on 28-07-2026at the National Bank
Financials
Score breakdownraises riskFounded in 2021Size: 2.3 FTE, total assets €199,281lowers riskLiquidity: current ratio 1.75, cash €23,916Equity €88,651 (44.5% of total assets)Show the evidence

Checked score

Score 2025
69 / 100
Healthy
Probability in this band: 0.55% to 1.5%
Financially stronger than 67% of micro companies in retail trade (NACE 47)
Every signal that counts is listed under Signals.
Financial strength · tick: 2024
Strong
Solvency 69+18
equity 44.5% of total assets
Liquidity 43+5
short-term debt 44.8% · cash 12.0%
Profitability 87+48
return on assets 14.2%
Bankruptcy probability within 12 months
0.8% Low
0%0.5%1.5%4%10%≥ 25%

About 8 in 1,000 comparable companies go bankrupt within 12 months (an estimate).

Sector median 0.6% (40,270 companies, NACE 47, micro)
Last 24 months 11-2024: 1.7%highest value 12-2024: 1.7%● unchanged vs 11-2024highest value 01-2025: 1.7%● unchanged vs 12-2024 02-2025: 1.7%● unchanged vs 01-2025 03-2025: 1.3%▼ -0.4 percentage points vs 02-2025 04-2025: 1.4%▲ +0.1 percentage points vs 03-2025 05-2025: 1.5%▲ +0.1 percentage points vs 04-2025 06-2025: 1.6%▲ +0.1 percentage points vs 05-2025 07-2025: 1.5%▼ -0.1 percentage points vs 06-2025 08-2025: 1.1%▼ -0.4 percentage points vs 07-2025 09-2025: 1.1%● unchanged vs 08-2025 10-2025: 1.1%● unchanged vs 09-2025 11-2025: 1.1%● unchanged vs 10-2025 12-2025: 1.1%● unchanged vs 11-2025 01-2026: 1.1%● unchanged vs 12-2025 02-2026: 1.1%● unchanged vs 01-2026 03-2026: 1.1%● unchanged vs 02-2026 04-2026: 1.2%▲ +0.1 percentage points vs 03-2026 05-2026: 1.3%▲ +0.1 percentage points vs 04-2026 06-2026: 1.3%● unchanged vs 05-2026 07-2026: 1.4%▲ +0.1 percentage points vs 06-2026 08-2026: 0.9%▼ -0.5 percentage points vs 07-2026 09-2026: 0.8%▼ -0.1 percentage points vs 08-2026 10-2026: 0.8%● unchanged vs 09-2026lowest value
Credit of up to €6,000 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 1.75 (1.37 in 2024), above the usual 1.5. Short-term debt is 44.8% and cash 12% of total assets. However, 55.5% of the assets are financed with debt and provisions.
Calculation

The band follows from the bankruptcy probability. 10 more points roughly halve it.

75-100 Excellent under 0.55%
60-74 Healthy 0.55% to 1.5%
45-59 Fair 1.5% to 4.2%
25-44 Weak 4.2% to 15.0%
0-24 Critical over 15.0%

Where the company stands within its band depends half on the bankruptcy probability and half on how it does against its sector peers (NACE 47, micro). It does better than 59% of them on solvency, 42% on liquidity, 81% on profitability and 85% on growth.

The bankruptcy probability was computed on 31-10-2026 by the bankruptcy model of 2 October 2026, which learns from Belgian bankruptcies and reads the registers, the annual accounts and the Belgian Official Gazette.

Some facts cap the score, however low the probability. With negative or zero equity, a heavy loss, a special status in the KBO, one missing filing or accounts filed more than 90 days late, the score is Fair at most (59). With two missing filings, it is Weak at most (44). During a judicial reorganisation or at the company's end (bankruptcy, dissolution, liquidation), it is Critical at most (24).

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Signals

Five signals.
lowers riskraises riskneutral
raises risk · Founded in 2021
Companies of this age fail more often than older ones. How much that weighs depends on the rest of the company's profile.
KBO
raises risk · Size: 2.3 FTE, total assets €199,281
Companies of this size fail more often. How much that weighs depends on the rest of the company's profile.
NBB · annual accounts
lowers risk · Liquidity: current ratio 1.75, cash €23,916
NBB · annual accounts
lowers risk · Equity €88,651 (44.5% of total assets)
NBB · annual accounts
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 28-07-2026, 3 days ahead of the deadline.
NBB · 4 filings
Deviation from the deadline
2025
3 days early
2024
13 days early
2023
2 days early
2022
5 days early
← before the deadline after the deadline →
tick = median of all Belgian filingsring = median in the sector

The company filed its last 4 accounts on average 6 days before the deadline. In the sector (NACE 47), the median for financial year 2024 was on the deadline day, and 47% of those companies filed late.

Searched, nothing found (2)
neutral · Next filing not due yet
The next financial year closes on 31-12-2026 and is due by 31-07-2027. Nothing is late today. The company usually files around 27 July (4 of the last 4 filed years within 30 days of that day).
Companies Code · seven months
Where today falls in the filing period
01-11-2026 today31-12-2026 year end31-07-2027 deadline
neutral · No strike-offs in the KBO publications
That holds for every publication since 2021.
KBO publications

Key points

  • Positive: Always filed on timeaccounts within the deadline every year 4 years View

Documents

Annual accounts at the NBB

Acts in the Belgian Official Gazette

All publications in the Belgian Official Gazette

Articles and registers

Key facts about PAINTFACTORY KORTRIJK

What is the company number of PAINTFACTORY KORTRIJK?
The company number of PAINTFACTORY KORTRIJK is 0770.872.955. The VAT number is the same number with BE in front: BE 0770.872.955.
Where is PAINTFACTORY KORTRIJK based?
The registered office is at Engelse Wandeling(Kor) 2, 8500 Kortrijk.Company details
What does PAINTFACTORY KORTRIJK do?
According to the KBO register, the main activity is retail trade (NACE 47526).
What is the legal form of PAINTFACTORY KORTRIJK?
The legal form of PAINTFACTORY KORTRIJK is Public limited company (NV).
When was PAINTFACTORY KORTRIJK founded?
PAINTFACTORY KORTRIJK was founded on 07-07-2021.
Is PAINTFACTORY KORTRIJK still active?
Yes, PAINTFACTORY KORTRIJK is an active enterprise in the KBO register.
How many employees does PAINTFACTORY KORTRIJK have?
PAINTFACTORY KORTRIJK had an average of 2.3 full-time equivalents in financial year 2025, according to the filed annual accounts.Financials
What is the turnover of PAINTFACTORY KORTRIJK?
The turnover in financial year 2025 is ≈ €980,000. This figure is estimated from the gross margin of €173,553 and 33 comparable companies (NACE 475). It probably lies between €750,000 and €1.5m.
Is PAINTFACTORY KORTRIJK profitable?
In financial year 2025, PAINTFACTORY KORTRIJK made a profit of €28,338.
Where can I find the annual accounts of PAINTFACTORY KORTRIJK?
PAINTFACTORY KORTRIJK filed 4 annual accounts with the National Bank of Belgium, the latest for financial year 2025.Annual accounts at the National Bank
When are the next annual accounts of PAINTFACTORY KORTRIJK due?
PAINTFACTORY KORTRIJK must file the annual accounts for financial year 2026 by 31-07-2027.Timeline

Companies linked to PAINTFACTORY KORTRIJK

Comparable companies

These companies have the same main activity as PAINTFACTORY KORTRIJK: retail trade (NACE 47526). They are comparable in size and age: total assets between €131,000 and €415,000, founded between 2014 and 2023.

CompanyTotal assetsGross margin
PAINTFACTORY KORTRIJK Kortrijk€199,281€173,553
HEYERICK WARD Roeselare€414,583€175,908
Paintfactory Hasselt Hasselt€137,459€129,789
FRAMALEX Quaregnon€248,610€214,779
DF COATINGS Brussel€370,624€132,296
TIELT PAINT Deinze€406,329€218,289
Decoratie Lyssens Antwerpen€130,562€167,372
Full comparison

Next steps

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