Turnover
≈ €210,000 estimated
The micro format states no turnover.
PDF Coating
Lifetime
8 annual accounts with figures on one time axispeak €57,005 (2025)
€57,005▲ 245%
lowest -€4,478 (2023)
€21,563▲ €22,321
peak €39,403 (2025)
€39,403▲ 121%
€32,940▲ 121%
Documentsfilings and deeds
29-08-202629 days late
2025micro format
Gross margin from €16,522 to €57,005Back to profit: €21,563Equity from €17,840 to €39,403Debts from €14,887 to €32,940
Key points
from the 2025 annual accountsChecked score
67
Healthy
Financially stronger than 80% of micro companies in specialised construction (NACE 43)
Probability in this band: 0.55% to 1.5%
Bankruptcy probability within 12 months
1.2% Low
0%0.5%1.5%4%10%≥ 25%
The dashed line is the sector median: 0.7% across 47,693 companies (NACE 43, micro).
About 1 in 100 comparable companies go bankrupt within 12 months (an estimate).
Last 24 months
12-2024: 3.2%
01-2025: 3.2%● unchanged vs 12-2024
02-2025: 3.2%● unchanged vs 01-2025
03-2025: 3.3%▲ +0.1 percentage points vs 02-2025highest value
04-2025: 3.3%● unchanged vs 03-2025
05-2025: 2.9%▼ -0.4 percentage points vs 04-2025
06-2025: 2.8%▼ -0.1 percentage points vs 05-2025
07-2025: 1.6%▼ -1.2 percentage points vs 06-2025
08-2025: 1.6%● unchanged vs 07-2025
09-2025: 1.6%● unchanged vs 08-2025
10-2025: 1.5%▼ -0.1 percentage points vs 09-2025
11-2025: 1.3%▼ -0.2 percentage points vs 10-2025
12-2025: 1.3%● unchanged vs 11-2025
01-2026: 1.3%● unchanged vs 12-2025
02-2026: 1.2%▼ -0.1 percentage points vs 01-2026
03-2026: 1.3%▲ +0.1 percentage points vs 02-2026
04-2026: 1.3%● unchanged vs 03-2026
05-2026: 1.2%▼ -0.1 percentage points vs 04-2026
06-2026: 1.2%● unchanged vs 05-2026lowest value
07-2026: 1.2%● unchanged vs 06-2026
08-2026: 1.7%▲ +0.5 percentage points vs 07-2026
09-2026: 1.2%▼ -0.5 percentage points vs 08-2026
10-2026: 1.2%● unchanged vs 09-2026
11-2026: 1.2%● unchanged vs 10-2026
Financial strengthStrong
Score breakdown
raises risk
Liquidity: current ratio 3.76
Sector: Specialised construction activities (NACE 43)
Size: total assets €72,343
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 43, micro). It does better than 59% of them on solvency, 77% on liquidity, 92% on profitability and 93% on growth.
The bankruptcy probability was computed on 09-11-2026 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.
The probability rests on the annual accounts with balance sheet date 31-12-2025.
Of the companies with a bankruptcy probability in the low class on 30-06-2025, 0.8% went bankrupt within twelve months.
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).
Comparable companies, two years later
In July 2024, 26,972 companies had the same profile as PDF Coating has now. Each dot stands for 68 companies, two years later.
94.9%
were still trading
3.4%
stopped another way
1.6%
went bankrupt
Another 0.1% stopped without a precise date, possibly only after those two years.
That fits the bankruptcy probability of PDF Coating itself: 1.2% within 12 months.
Test of the method
The method was tested on the 497,447 companies of July 2024. Each company was given the bankruptcy share of the same profile a year earlier, in July 2023. The expectation was that 1.6% would go bankrupt within 24 months. In fact 1.7% went bankrupt.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.5% |
| 3 | 0.5% | 0.6% |
| 4 | 0.7% | 0.8% |
| 5 | 0.9% | 0.9% |
| 6 | 1.3% | 1.5% |
| 7 | 1.6% | 1.8% |
| 8 | 1.8% | 1.8% |
| 9 | 3.0% | 3.1% |
| 10 | 5.6% | 6.2% |
A company that went bankrupt had a higher expected share than one that kept going in 74.5% of comparisons. The level depends on the economy. In a year with more bankruptcies than the year before, the actual share is higher than the expected one.
This is an observation about 26,972 companies, not a prediction for PDF Coating. The sector does not count, because the KBO no longer lists a sector for a company that has stopped. By sector, mostly the survivors would count, which would paint too rosy a picture.
Credit verdict
Credit of up to €2,500 on 30-day terms is acceptable
Liquidity is ample, with a current ratio of 3.76 (2.2 in 2024), above the usual 1.5. Short-term debt is 26.6% of total assets. 45.5% of the assets are financed with debt and provisions.
Credit check for an amount and term of your choice
Show the recommended maximum and see how the verdict changes with amount, term and advance.
The scores and ratios are Checked's own calculations, not a credit decision.
Signals
Four signals.
raises riskneutral
neutral · A punctual record breaks
This company filed 3 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 29-08-2026, 29 days late. Weigh it accordingly: of the companies that move to filing 1 to 90 days late, 1.41% are now bankrupt, dissolved or in another special legal status, below the 1.66% of all filers. It is a change in behaviour, not evidence of elevated risk.
NBB · 8 filingsDeviation from the deadline
2025
29 days late
2024
59 days early
2023
149 days early
2022
37 days early
2021
950 days late
2020
1315 days late
2019
1685 days late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
The company filed its last 7 accounts on average 533 days after the deadline. In the sector (NACE 43), the median for financial year 2024 was 1 day before the deadline, and 43% 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 24 June (4 of the last 5 accounts filed within 111 days either side of that date).
Companies Code · seven monthsWhere today falls in the filing period
10-11-2026 today31-12-2026 year end31-07-2027 deadline
Recent changes
Registered in the Peppol Directory
Reachable for e-invoices through 0208:0680893874
First establishment
PDF COATING SPRL, Rue de Mons 19, Montigny-le-Tilleul
Incorporation
published on 13-09-2017 · Gazette deed
Comparable companies
same main activity, similar in size and age| Company | ||||
|---|---|---|---|---|
| PDF Coating Montigny-le-Tilleul | €72,343 | €57,005 | 54.5% | - |
| COSMACIUC CONCEPT Anderlecht | €76,505 | €55,184 | 27.2% | - |
| Primu's Renovi Grimbergen | €89,543 | €57,683 | 27.1% | - |
| JCVA Anderlues | €95,461 | €70,386 | 68.0% | - |
| SPS-CONSTRUCT Anderlecht | €78,749 | €52,060 | 54.0% | - |
| Construction-Rénovation-Manutention Uccle | €70,699 | €46,155 | 76.0% | - |
| MED BOUW Antwerp | €64,028 | €59,182 | -26.9% | - |
These companies have the same main activity as PDF Coating: other building finishing work (NACE 43350). They are comparable in size and age: total assets between €64,000 and €95,500, founded between 2015 and 2019.
Official details
Source: KBO- Status
- Active since 11-09-2017Normal situation
- Activity
- Other building finishing workNACE 43350and 3 others
- Establishment unit
- 2.267.982.3386111 Montigny-le-Tilleul, since 26-09-2017
- Financial year end
- 31 December
- Peppol
- Reachable since 21-11-2024
Insights on PDF Coating
PDF Coating files the micro format. That format states no turnover. The gross margin rose from €13,705 in 2018 to €57,005 in 2025.
Sources: KBO register, filings at the National Bank, Belgian Official Gazette. Click a figure with a dotted line for the item and the filing.
Key facts about PDF Coating
- What is the company number of PDF Coating?
- The company number of PDF Coating is 0680.893.874. The VAT number is the same number with BE in front: BE 0680.893.874.
- Where is PDF Coating based?
- The registered office is at Rue de Mons 19, 6111 Montigny-le-Tilleul.Company details
- What does PDF Coating do?
- According to the KBO register, the main activity is other building finishing work (NACE 43350).
- What is the legal form of PDF Coating?
- PDF Coating is a private limited company (pre-2019) (BVBA).
- When was PDF Coating founded?
- PDF Coating was founded on 11-09-2017.
- Is PDF Coating still active?
- Yes, PDF Coating is an active enterprise in the KBO register.
- What is the turnover of PDF Coating?
- The turnover in financial year 2025 is ≈ €210,000. This figure is estimated from the gross margin of €57,005 and 89 comparable companies (NACE 433). It probably lies between €150,000 and €360,000. In financial year 2021 turnover was €146,085.Financials
- Is PDF Coating profitable?
- In financial year 2025, PDF Coating made a profit of €21,563.
- Where can I find the annual accounts of PDF Coating?
- PDF Coating filed 8 annual accounts with the National Bank of Belgium, the latest for financial year 2025.
- When are the next annual accounts of PDF Coating due?
- PDF Coating must file the annual accounts for financial year 2026 by 31-07-2027.Timeline
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can trust this company with building work.Contractor check Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Check which of your other customers you can e-invoice via Peppol.Peppol check Compare this company with its sector.Sector benchmark
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