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PROPAINT COMPANY

Active
Private limited company·Algemene bouw van residentiële gebouwen· 3 yrs active
Open bankruptcy
KBO/BCE: BE 0798.762.732
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Age3 yrs
Real estate1 parcel · 1,491 m²

Summary

Conclusion

the dossier summarised in one paragraph

A bankruptcy procedure is open for PROPAINT COMPANY according to publications in the Belgian State Gazette. The 2023 annual accounts show equity of €3k and a net result of €-17k.

Based on the State Gazette, CBE and 1 annual account.

Bankruptcy probability (12 mo)

Checked model v1 · free for everyone

Bankruptcy opened

A bankruptcy procedure is already open, a probability score is no longer meaningful. See the insolvency timeline for the state of the procedure.

Insolvency timeline

1 events
29-01-2025
Bankruptcy Opening
Date: 23-01-2025 · Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · PROPAINT COMPANY BV KERNENERGIESTRAAT 19, 2610 WILRIJK (ANTWERPEN) · Publications in State Gazette ↗

Signals

1 signal · with evidence
Weak solvency vs sector
Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 3129 sector peers (2023).
View the sector comparison

Signals are derived from the filed annual accounts and the sector comparison. No composite score: each signal is separately verifiable at the source.

Filing behaviour

From the deposit records, complete market-wide
Latest accounts filed on time
The financial year that closed on 31-12-2023 was due by 31-07-2024 and was filed on 26-07-2024, 5 days ahead of the deadline. This speaks to administrative punctuality and says nothing about the financial position.
Filing behaviour not assessed
The register records an open bankruptcy. From that point the trustee files and the ordinary seven-month rhythm no longer governs. The register carries no start date, so we cannot tell which filings fall before it: we show the facts and do not assess the behaviour.
How we compute the deadline
There is a single filed set of accounts, closing on 31-12. That date is certain, but one observation does not establish the rhythm (a first financial year may run longer than twelve months), so we project no following year. The statutory deadline is seven months after the close of the financial year (art. 3:10 par. 1 CAC, art. 3:47 par. 7 for ASBL and foundations). Applied to the financial year that closed on 31-12-2023, that is 31-07-2024.
Deadline per financial year
Year closed Due by Filed Variance Reference
31-12-2023 31-07-2024 26-07-2024 5 d early 2024-00287091

Source: the National Bank's deposit records. Those records are complete, including for years whose figures we have not read yet. Filing late covers nearly half the market and is therefore not scored; only not filing, being more than 90 days late and breaking a punctual record carry weight.

Trust signals

2 signals
Register: open bankruptcy
The KBO register records legal situation 050 for this company. This is today's state according to the register itself; the register carries no start date.
Open bankruptcy
Active bankruptcy procedure in the Belgisch Staatsblad. Claims are handled by the appointed curator.

Administrative Flags

No strikeouts found in the KBO publications we processed. That series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

Financials

TurnoverNot published (abbreviated filing)
EBIT marginNot published (abbreviated filing)
Net result€-17k
Working capital€-9k
Directors1

Annual accounts & ratios

Source: NBB · 2023
Annual accounts filed on 26-07-2024 with the NBB · fiscal year 2023 · micro
Sector comparison
Fiscal year 2023 · NACE 41, Construction of buildings · compared within the same schema type (micro schema)
Metric This company Sector median Position in the sector
Solvency 13.5% 37.6%
better than 22% of 3129 sector peers
Net result €-17k €9k
better than 8% of 3122 sector peers
Equity €3k €25k
better than 16% of 3134 sector peers
Gross operating margin €-13k €27k
better than 5% of 3116 sector peers
Total assets €20k €80k
better than 13% of 3130 sector peers
Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.
Fiscal year2023
Depositmicro
Revenue-
EBITDA€-15k
Net profit€-17k
Cash flow€-15k
Staff costs-
Income taxes-
Dividends-
Total assets€20k
Equity€3k
Debt€17k
of which ≤ 1y€17k
of which > 1y-
Working capital€-9k
Employees (FTE)-
Ratios (computed)
2023
Current ratio0.45
Quick ratio0.45
Working capital ratio-47.5%
Solvency13.5%
Debt / equity6.42
Long-term debt ratio-
Interest coverage-
Gross margin-
Net margin-
ROA-86.9%
ROE-645.2%
EBITDA margin-
Days sales outstanding-
Days payable outstanding-
Inventory turnover-
Days inventory (DSI)-
Balance-sheet composition 2023
Full annual accounts
Filed balance sheet and income statement, exactly as deposited with the NBB.
Line item Code2023
Balance sheet, Assets
TOTAL ASSETS 20/58€20k
Fixed assets 21/28€12k
Tangible fixed assets 22/27€12k
Current assets 29/58€8k
Amounts receivable within one year 40/41€8k
Cash & bank 54/58€231
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES 10/49€20k
Equity 10/15€3k
Contributions / capital 10/11€20k
Accumulated profits (losses) 14€-17k
Amounts payable 17/49€17k
Amounts payable within one year 42/48€17k
Trade debts payable within one year 44€16k
Income statement
Gross operating margin 9900€-13k
Operating result 9901€-17k
Result before taxes 9903€-17k
Net result for the period 9904€-17k
Result to be appropriated 9905€-17k
Ratios computed by Checked.

Health barometer

FY 2023 · computed
0 / 100 Critical
050100
Computed from 3 of the 6 factors this model weighs. The rest cannot be derived from the filed figures, or need a prior year to compare against.

Unlock the full score breakdown, per-year score history and the indicative credit limit from Kantoor S.

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Computed by Checked from the NBB filing for FY 2023 and an insolvency signal from the Belgian State Gazette. Indicative, not credit advice.

Directors

Directors & mandates

Not yet read from the acts

2 acts for this company are in the Belgian State Gazette, of which we have read 0. This is therefore not a statement about the company: we have not extracted its directors from those acts yet.

Insolvency mandates

1 mandate
Role Name Tenure Source
Curator MARC LEEMANS
PLANTINKAAI 24, 2000 ANTWERPEN 1
 23-01-2025 → present Belgian State Gazette

Legal Structure

NACE primary Algemene bouw van residentiële gebouwen(41001)
Legal form Private limited company(610)
Incorporation23-02-2023
StatusActive
Postal code-
First BS signal 29-01-2025
Latest BS signal 29-01-2025

Structure & network

Ownership & control

No ownership or control structure found in the sources.

For this we read shareholding and parent/subsidiary relations from the acts in the Belgian State Gazette, plus the board seats that legal entities hold in one another. Nothing of the sort is published for this company, which is common: most Belgian companies do not publish a shareholding structure.

1 court or liquidation mandate is on record for this company. Such a mandate is a fact about the company itself, not about a tie to another one: two bankruptcies handled by the same receiver are two separate cases. They are listed under Directors & mandates.

Locations & real estate

Registered office

from the Crossroads Bank
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.

Establishment units

1 location
PROPAINT COMPANY
Ontwikkeling van residentiële bouwprojecten
since 20232.341.909.701
Physical sites registered in the Crossroads Bank for Enterprises (CBE).
Parcels1
Ground area1,491 m²
Buildings1
Building footprint984 m²
Volume (LiDAR)7,216 m³
Tallest building8.2 m · ±3 fl.

Real-estate footprint

Source: CBE × cadastre · address linking

Parcels linked to this company through its CBE addresses (seat, establishment units, branches), cross-referenced with the cadastral parcel plan. This shows where the company operates, not a deeds register.

Flanders 1 (100%)
Parcel (capakey) Region Area Buildings Height / fl.
11463D0325/00K002 Flanders 1,491 m² 1 · 984 m² 8.2 m · 3 fl.
Methodology
via registered seat: 1
1 of 1 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.

Publications

Lifecycle & Insolvency Signals

1 event from the State Gazette
29-01-2025
Bankruptcy Opening
Date: 23-01-2025 · Ondernemingsrechtbank Antwerpen, afdeling Antwerpen · PROPAINT COMPANY BV KERNENERGIESTRAAT 19, 2610 WILRIJK (ANTWERPEN) · Publications in State Gazette ↗

Time machine: BS events + macro context

2021-2026
COVID lockdownEnergiecrisisECB hikes2021202220232024202520262025-01-29 · Bankruptcy · Opening
Macro context
2020-Q2/Q3 COVID lockdown
2022 energy crisis
2023-2024 ECB rate hikes
Legend
Bankruptcy
Interim / reorg
KBO event

Belgisch Staatsblad · acts

1 acts
Address history · 1
13-02-2024
Registered-office move
All acts · 1 updated 2 years ago
2024
13-02-2024 Registered office moved within Antwerpen Registered-office change
  • 2610 Antwerpen, Boomsesteenweg 690 → 2610 Antwerpen, Kernenergiestraat 19

Analysis

Snowflake analysis

financial profile on 5 axes
Health0Profitability0Solvency9Growth-Stability0
2 / 100

Fragile profile, watch health in particular.

Computed on 4 of 5 axes. Not measured: growth. An unmeasured axis is not a zero: no data was read for it.

Health 0
Profitability 0
Solvency 9
Growth -
Stability 0

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AI due-diligence brief

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Generate a structured, factual brief from every signal in this dossier: risk, financial health, ownership, mandates and sector comparison.

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Credit advice

verdict per customer and amount

Should this customer buy amount X on invoice? Enter the amount and payment terms, you get an instant GREEN/AMBER/RED verdict, with a suggested ceiling and concrete conditions.

Based on official sources (NBB, CBE, State Gazette). Indicative, not credit advice.

Similar

Similar companies

Comparable size, same sector
We hold annual accounts for 5,317 of the 29,570 companies in this sector. 2,148 of them are within a factor 10 of this company's equity.

Company registry

Company registry (CBE)

Crossroads Bank
Activities
Algemene bouw van residentiële gebouwen41001Algemene bouw van residentiële gebouwen41201Stukadoorswerk43310Stukadoorswerk43310Schilderen van gebouwen43341Schilderen van gebouwen43341Overige werkzaamheden in verband met de afwerking van gebouwen43350Overige werkzaamheden in verband met de afwerking van gebouwen43390Gevelreiniging43992Overige reiniging van gebouwen; industriële reiniging81220
Primary activity highlighted.
Names & trade names
Legal nameNL PROPAINT COMPANY
Official data from the Crossroads Bank for Enterprises (CBE). Available for every registered company.