REAL PAINT
ActiveSummary
The computed 12-month bankruptcy probability of REAL PAINT is 2.4% (moderate). The 2025 annual accounts show equity of €59,177 and a net result of -€20,247. Equity is growing by ~8.9% per year across the filed fiscal years. Its solvency ranks better than 52% of 4665 sector peers (fiscal year 2025). The company has been active since 2020 and the Belgian State Gazette contains no insolvency or warning signals.
Checked score
Score 2025
Axes · tick = 2024
Profitability43▼-13
Solvency68▲+7
Growth68=
Track record100
Bankruptcy probability, 12 months
2.4%
Moderate
0%0.5%1.5%4%10%≥ 25%
Credit up to €2,500 at 30 days acceptable
Liquidity ample (current ratio 1.65 against 1.46 in 2024; short-term debt: 57.3% and cash: 12% of total assets), but 57.3% of the assets are financed with debt.
Credit check for your own amount and term
Show the recommended maximum : and see how the verdict changes with amount, term and advance.
Signals
Five signals. The signal on the left, the evidence on the right.
+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 81
Relative position
BE, all sectors
reference
Services to buildings and landscape activities (NACE 81)
about 79% more bankruptcies
← fewer bankruptcies
more bankruptcies →
raises risk · Annual accounts: weaker financial profile
The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
42.7%
Return on assets
-14.6%
Age of the figures
9 mo
raises risk · Persistent losses
Two consecutive loss-making years (2024 and 2025); equity is also lower. May indicate structural pressure on profitability.
NBB · annual accounts 2025Net result per financial year
202122232425
2020 to 2025 · latest year -€20,247
neutral · Filed after the deadline
The financial year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 27-08-2026, 27 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.
NBB · 6 filingsDeviation from the deadline
2025
27 d late
2024
26 d late
2023
23 d late
2022
70 d late
2021
30 d late
2020
60 d late
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 6 accounts on average 39 days after the deadline; the sector median for financial year 2024 is 1 day before the deadline, and 43% of the sector filed late.
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. Usually files around 27 August (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
01-10-2026 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 check What should you check before you do business with this company?Supplier due diligence Can you accept this company as a client under the anti-money-laundering law?AML client file Which of your other customers can you e-invoice via Peppol?Peppol check How does this company compare with its sector?Sector benchmark What changed in the latest annual accounts?What changed
Your own company? See how customers, suppliers and banks see it and what to improve first.
Investigating this company? Keep it with today's facts in a case file.
Financials · fiscal year 2025, micro schema
Turnover
€491,213▲ 10.0%
2024 · €446,506
EBIT margin
-0.2%▼ 3.9pp
2024 · 3.6%
Net result
-€20,247▼ 14.7%
2024 · -€17,656
Working capital
€51,319▼ 19.5%
2024 · €63,782
Trend over the years
In euros
In per cent
Ratio
In euros
No line ticked in this group.
In per cent
No line ticked in this group.
Ratio
No line ticked in this group.
Untick a line to hide it. Point at a year (or use the arrow keys on the chart) for the exact figures; the table below gives them all.Sector: the middle half (P25 to P75) of NACE 81, Services to buildings and landscape activities, each year against the same schema; no band under 30 filings. Dashed line: the median. Available for Net result, Equity, Total assets, Working capital, Solvency, Current ratio, Return on assets (ROA).
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Turnover€293,984▲ 63.7%€310,349▲ 5.6%€348,934▲ 12.4%€446,506▲ 28.0%€491,213▲ 10.0%
Operating result€29,940▼ 42.5%€84,927▲ 184%€16,263▼ 80.9%€16,274▲ 0.1%-€1,179
Net result€7,462within the sector's middle half▼ 80.6%€64,541above the sector's middle half▲ 765%-€9,752below the sector's middle half-€17,656below the sector's middle half▼ 81.0%-€20,247below the sector's middle half▼ 14.7%
EBIT margin10.2%▼ 18.8pp27.4%▲ 17.2pp4.7%▼ 22.7pp3.6%▼ 1.0pp-0.2%▼ 3.9pp
Equity€46,036within the sector's middle half▲ 19.3%€110,577within the sector's middle half▲ 140%€100,824within the sector's middle half▼ 8.8%€79,424within the sector's middle half▼ 21.2%€59,177within the sector's middle half▼ 25.5%
Total assets€88,116within the sector's middle half▲ 34.1%€183,269within the sector's middle half▲ 108%€208,232within the sector's middle half▲ 13.6%€221,821within the sector's middle half▲ 6.5%€138,572within the sector's middle half▼ 37.5%
Debt€42,080▲ 55.1%€72,692▲ 72.7%€107,408▲ 47.8%€142,397▲ 32.6%€79,394▼ 44.2%
Working capital€25,266within the sector's middle half▲ 7.6%€94,607above the sector's middle half▲ 274%€84,514above the sector's middle half▼ 10.7%€63,782within the sector's middle half▼ 24.5%€51,319within the sector's middle half▼ 19.5%
Solvency52.2%within the sector's middle half▼ 6.5pp60.3%within the sector's middle half▲ 8.1pp48.4%within the sector's middle half▼ 11.9pp35.8%within the sector's middle half▼ 12.6pp42.7%within the sector's middle half▲ 6.9pp
Current ratio1.60within the sector's middle half▼ 0.272.66within the sector's middle half▲ 1.061.87within the sector's middle half▼ 0.791.46within the sector's middle half▼ 0.411.65within the sector's middle half▲ 0.18
Return on assets (ROA)8.5%within the sector's middle half▼ 50.1pp35.2%above the sector's middle half▲ 26.7pp-4.7%below the sector's middle half▼ 39.9pp-8.0%below the sector's middle half▼ 3.3pp-14.6%below the sector's middle half▼ 6.7pp
above
within
below
the middle half (P25 to P75) of NACE 81, Services to buildings and landscape activities, each year against the same schema; no band under 30 filings.
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result turns negative in 2025: a loss of €1,179 after €16,274 in 2024, the lowest result in the available series.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €138,572
Fixed assets
€7,858 ▼ 60.6%
Current assets
€130,714 ▼ 35.3%
Equity and liabilities €138,572
Equity
€59,177 ▼ 25.5%
Debt
€79,394 ▼ 44.2%
Debt's share of the balance-sheet total falls from 64.2% to 57.3%. Equity and debt are lower.
Key figures and ratios
EBITDA
€10,908▼
2024 · €33,407
Cash flow
-€8,161▼
2024 · -€523
Debt to equity
1.34▼
2024 · 1.79
ROE
-34.2%▼
2024 · -22.2%
Interest coverage
60.43▼
2024 · 204.60
Debt ≤ 1 year
€79,394▼
2024 · €138,095
Income taxes
€25,086▼
2024 · €37,872
Staff costs
€1,375▼
2024 · €4,379
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 3,592 companies that looked in July 2024 the way this one looks now, 3.0% went bankrupt within 24 months and 87% are still going.
- Micro
- 5 to 10 years old
- solvency 30% or more
- a loss of 10% of the balance sheet or more
3.0%
went bankrupt
9.5%
stopped otherwise
87%
still going
A further 0.2% stopped, but we cannot tell whether within those 24 months.
For this company itself Checked computes a bankruptcy probability of 2.4% over twelve months; the group does not contradict it.
How reliable is this rule?
Tested on the year before, without using that year itself: the groups of July 2023 gave each of the 497,341 companies of July 2024 its group's bankruptcy share. Expected: 1.6%; actually bankrupt within 24 months: 1.7%.
| 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% | 1.0% |
| 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% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 74% of comparisons. The level follows the economy: in a year with more bankruptcies, the actual share is higher than the year before.
An observation about 3,592 comparable companies, not a prediction for this company. The sector does not count: the register keeps no sector for companies that stopped, so it would make the outcome look better than it was.
Annual accounts
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Turnover70 | €293,984 | €310,349 | €348,934 | €446,506 | €491,213 | ▲ 10.0% |
| Non-recurring operating income76A | €4,683 | €6,358 | €5,710 | €7,068 | €6,094 | ▼ 13.8% |
| Goods, raw materials, services and sundry goods60/61 | €205,755 | €208,969 | €228,908 | €308,534 | €402,799 | ▲ 30.6% |
| Remuneration, social security and pensions62 | €2,230 | €4,870 | €4,970 | €4,379 | €1,375 | ▼ 68.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €8,734 | €12,697 | €20,785 | €17,133 | €12,086 | ▼ 29.5% |
| Other operating charges640/8 | €52,008 | €5,245 | €83,719 | €107,254 | €82,225 | ▼ 23.3% |
| Gross operating margin9900 | €92,911 | €107,738 | €125,736 | €145,040 | €94,508 | ▼ 34.8% |
| Operating profit (loss)9901 | €29,940 | €84,927 | €16,263 | €16,274 | -€1,179 | ▼ 107% |
| Financial income75/76B | €2 | €0 | €0 | €4,105 | €6,198 | ▲ 51.0% |
| Recurring financial income75 | €2 | €0 | €0 | €4,105 | €6,198 | ▲ 51.0% |
| Financial charges65/66B | €30 | €1,218 | €151 | €163 | €181 | ▲ 10.5% |
| Recurring financial charges65 | €30 | €1,218 | €151 | €163 | €181 | ▲ 10.5% |
| Profit (loss) for the period before taxes9903 | €29,911 | €83,709 | €16,112 | €20,216 | €4,839 | ▼ 76.1% |
| Income taxes67/77 | €22,449 | €19,168 | €25,865 | €37,872 | €25,086 | ▼ 33.8% |
| Profit (loss) for the period9904 | €7,462 | €64,541 | -€9,752 | -€17,656 | -€20,247 | ▼ 14.7% |
| Profit (loss) for the period to be appropriated9905 | €7,462 | €64,541 | -€9,752 | -€17,656 | -€20,247 | ▼ 14.7% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €88,116 | €183,269 | €208,232 | €221,821 | €138,572 | ▼ 37.5% |
| Fixed assets21/28 | €20,770 | €31,562 | €26,257 | €19,944 | €7,858 | ▼ 60.6% |
| Tangible fixed assets22/27 | €20,770 | €31,562 | €26,257 | €19,944 | €7,858 | ▼ 60.6% |
| Plant, machinery and equipment23 | €3,074 | €2,569 | €1,836 | €455 | €150 | ▼ 67.0% |
| Furniture and vehicles24 | €17,696 | €28,993 | €24,421 | €19,489 | €7,708 | ▼ 60.5% |
| Current assets29/58 | €67,346 | €151,707 | €181,975 | €201,877 | €130,714 | ▼ 35.3% |
| Amounts receivable within one year40/41 | €37,647 | €122,755 | €175,908 | €185,463 | €113,682 | ▼ 38.7% |
| Trade receivables40 | €4,529 | €31,939 | €73,575 | €78,824 | €19,223 | ▼ 75.6% |
| Other amounts receivable41 | €33,118 | €90,816 | €102,334 | €106,639 | €94,459 | ▼ 11.4% |
| Cash at bank and in hand54/58 | €29,427 | €28,585 | €5,641 | €15,842 | €16,614 | ▲ 4.9% |
| Deferred charges and accrued income490/1 | €271 | €367 | €426 | €571 | €418 | ▼ 26.9% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €88,116 | €183,269 | €208,232 | €221,821 | €138,572 | ▼ 37.5% |
| Equity10/15 | €46,036 | €110,577 | €100,824 | €79,424 | €59,177 | ▼ 25.5% |
| Contributions10/11 | €100 | €100 | €100 | €100 | €100 | = |
| Profit (loss) carried forward14 | €45,936 | €110,477 | €100,724 | €79,324 | €59,077 | ▼ 25.5% |
| Amounts payable17/49 | €42,080 | €72,692 | €107,408 | €142,397 | €79,394 | ▼ 44.2% |
| Amounts payable after more than one year17 | - | €15,591 | €9,947 | €4,302 | - | - |
| Financial debts170/4 | - | €15,591 | €9,947 | €4,302 | - | - |
| Amounts payable within one year42/48 | €42,080 | €57,101 | €97,461 | €138,095 | €79,394 | ▼ 42.5% |
| Financial debts43 | - | €5,645 | €5,645 | €5,645 | - | - |
| Credit institutions430/8 | - | €5,645 | €5,645 | €5,645 | - | - |
| Trade debts44 | €6,074 | €9,839 | €42,471 | €61,732 | €24,569 | ▼ 60.2% |
| Suppliers440/4 | €6,074 | €9,839 | €42,471 | €61,732 | €24,569 | ▼ 60.2% |
| Taxes, remuneration and social security45 | €36,006 | €41,617 | €49,345 | €70,718 | €54,825 | ▼ 22.5% |
| Taxes450/3 | €36,006 | €41,617 | €49,345 | €70,718 | €54,825 | ▼ 22.5% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | €7,462 | €64,541 | -€9,752 | -€17,656 | -€20,247 | ▼ 14.7% |
| + Depreciation and write-downs630 | €8,734 | €12,697 | €20,785 | €17,133 | €12,086 | ▼ 29.5% |
| Operating cash flow (approximation) | €16,196 | €77,238 | €11,032 | -€523 | -€8,161 | ▼ 1,460% |
| Investment in fixed assets (approximation) | - | -€23,488 | -€15,480 | -€10,820 | €0 | ▲ 100% |
| Change in cash | - | -€842 | -€22,945 | €10,202 | €772 | ▼ 92.4% |
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
27-08
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema · 27 days late
2025
31-12
Financial
Weakest financial yearnet -€20,247
Net result drops to -€20,247, the lowest in the series.
26-08
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 26 days late
2024
23-08
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 23 days late
2023
09-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 70 days late
2022
31-12
Financial
Highest result since 2020net €64,541 ▲765%
Operating result €84,927, net result €64,541, both a record.
31-12
Financial
Equity above €100,000Eq €110,577 ▲140%
3 profitable years in a row build equity to €110,577.
30-08
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 30 days late
2021
29-09
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 60 days late
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.
Have them read with priority
Sign in to place this company at the front of the reading queue.
Directors · office · real estate
Directors
No directors read yet: 0 of 1 Gazette acts processed. See the function holders in the CBE →
Location & real-estate footprint
Registered office, Lebbeke · 1 establishment unit since 2020
Ground area
108 m²
Building footprint
71 m²
Volume, LiDAR
626 m³
Parcel 42011B0587/00G006, Flanders · tallest building 11.4 m, ±3 floors. Linked by address, not a title deed.
3
companies at this address
See who is registered here
1 establishment unit
REAL PAINT
since 20202.303.476.816
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42011B0587/00G006 | Flanders | 108 m² | 1 · 71 m² | 11.4 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.
Similar companies · same sector, comparable size
MK28
BE 0551.955.041
Binche · Eq €59,172
BYAH CLEANING SERVICES
BE 0766.775.694
Ternat · Eq €59,182
CLEANING BUILDINGS SERVICES
BE 0844.071.531
Sint-Lambrechts-Woluwe · Eq €59,144
MY K FACILITIES
BE 0742.710.687
Schaarbeek · Eq €59,211
AM CLEAN
BE 0766.610.794
Aalst · Eq €59,116
Of 6,990 companies in this sector we hold annual accounts for 2,414. 2,012 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company details
Identification
Legal formPrivate limited company
Founded05-03-2020
Fiscal year end31-12
Activities, NACEBEL 2025
81220Other building cleaning and industrial cleaning
E-invoicing
Reachable via Peppol
Peppol ID
0208:0744750063
Also
9925:BE0744750063
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 1 October 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.