SPL PAINT
ActiveSummary
SPL PAINT has been active since 2005 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €241,125 and a net result of €70,346. Equity is shrinking by ~14.1% per year across the filed fiscal years. Its solvency ranks better than 83% of 11502 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.4% (very low).
Checked score
Score 2025
Axes · tick = 2024
Profitability99▼-1
Solvency100=
Growth58=
Track record100
Bankruptcy probability, 12 months
0.4%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €20,000 at 30 days acceptable
Liquidity ample (current ratio 6.91 against 6.57 in 2024; short-term debt: 13.9% and cash: 9.7% of total assets), and 17.5% of the assets are financed with debt.
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Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
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
82.5%
Return on assets
24.1%
Age of the figures
11 mo
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 46
Relative position
BE, all sectors
reference
Wholesale trade (NACE 46)
about 21% more bankruptcies
← fewer bankruptcies
more bankruptcies →
neutral · Latest accounts filed on time
The financial year that closed on 31-10-2025 was due by 31-05-2026 and was filed on 29-05-2026, 2 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
2 d early
2024
11 d late
2023
17 d early
2022
on the day
2021
on the day
2020
on the day
2019
2 d early
← before the deadline
after the deadline →
tick = median of all Belgian filingsring = median in the sector
This company filed its last 7 accounts on average 1 day before the deadline; the sector median for financial year 2024 is 3 days before the deadline, and 39% of the sector filed late.
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-10-2026 and is due by 31-05-2027. Nothing is late today. Usually files around 31 May (5 of the last 5 filed years within 30 days of that day).
Companies Code · seven monthsPosition in the running window
28-09-2026 today31-10-2026 close31-05-2027 deadline
History
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Financials · fiscal year 2025, micro schema
Equity
€241,125▲ 22.1%
2024 · €197,445
Total assets
€292,434▲ 16.1%
2024 · €251,976
Net result
€70,346▼ 2.2%
2024 · €71,950
Working capital
€240,617▲ 12.6%
2024 · €213,598
Trend over the years
Click a name to add, emphasise or remove a line.Band: the middle half (P25 to P75) of NACE 46, Wholesale trade, each year against the same schema; no band under 30 filings. Dashed line: the median.
Every figure with its change against the fiscal year before
favourable
unfavourable
Line20212022202320242025
Operating result-€22,254-€127,637▼ 474%€15,240€68,327▲ 348%€67,788▼ 0.8%
Net result-€4,038below the sector's middle half-€111,085below the sector's middle half▼ 2,651%€27,631above the sector's middle half€71,950above the sector's middle half▲ 160%€70,346above the sector's middle half▼ 2.2%
Equity€521,228above the sector's middle half▼ 0.8%€226,043above the sector's middle half▼ 56.6%€229,574above the sector's middle half▲ 1.6%€197,445above the sector's middle half▼ 14.0%€241,125above the sector's middle half▲ 22.1%
Total assets€612,840above the sector's middle half▲ 10.9%€387,716within the sector's middle half▼ 36.7%€283,321within the sector's middle half▼ 26.9%€251,976within the sector's middle half▼ 11.1%€292,434within the sector's middle half▲ 16.1%
Debt€91,612▲ 237%€161,673▲ 76.5%€53,747▼ 66.8%€54,531▲ 1.5%€51,309▼ 5.9%
Working capital€502,760above the sector's middle half▼ 4.1%€245,315above the sector's middle half▼ 51.2%€249,915above the sector's middle half▲ 1.9%€213,598above the sector's middle half▼ 14.5%€240,617above the sector's middle half▲ 12.6%
Solvency85.1%above the sector's middle half▼ 10.0pp58.3%within the sector's middle half▼ 26.8pp81.0%above the sector's middle half▲ 22.7pp78.4%above the sector's middle half▼ 2.7pp82.5%above the sector's middle half▲ 4.1pp
Current ratio8.22above the sector's middle half▼ 12.072.73within the sector's middle half▼ 5.498.55above the sector's middle half▲ 5.826.57above the sector's middle half▼ 1.996.91above the sector's middle half▲ 0.35
Return on assets (ROA)-0.7%within the sector's middle half▼ 4.5pp-28.7%below the sector's middle half▼ 28.0pp9.8%within the sector's middle half▲ 38.4pp28.6%above the sector's middle half▲ 18.8pp24.1%above the sector's middle half▼ 4.5pp
above
within
below
the middle half (P25 to P75) of NACE 46, Wholesale trade, 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 falls in 2025; 2025 is 1% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €292,434
Fixed assets
€11,113
Current assets
€281,321
Equity and liabilities €292,434
Equity
€241,125 ▲ 22.1%
Debt
€51,309 ▼ 5.9%
Debt's share of the balance-sheet total falls from 21.6% to 17.5%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€69,832▲
2024 · €68,639
Cash flow
€72,390▲
2024 · €72,262
Debt to equity
0.21▼
2024 · 0.28
ROE
29.2%▼
2024 · 36.4%
Interest coverage
16.08▼
2024 · 23.44
Debt ≤ 1 year
€40,704▲
2024 · €38,378
Debt > 1 year
€9,500▼
2024 · €15,500
Income taxes
€4,646▼
2024 · €4,900
Staff costs
€601▲
2024 · €596
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Peer companies
Historical observationOf the 31,349 companies that looked in July 2024 the way this one looks now, 0.4% went bankrupt within 24 months and 93% are still going.
- Micro
- 20 years or older
- solvency 30% or more
- a profit of 5% of the balance sheet or more
0.4%
went bankrupt
5.9%
stopped otherwise
93%
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 0.4% 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 497,662 companies of July 2024 its group's bankruptcy share. Expected: 1.5%; actually bankrupt within 24 months: 1.6%.
| Group | Expected | Actual |
|---|---|---|
| 1 | 0.2% | 0.2% |
| 2 | 0.3% | 0.4% |
| 3 | 0.5% | 0.5% |
| 4 | 0.6% | 0.7% |
| 5 | 0.8% | 0.9% |
| 6 | 1.2% | 1.3% |
| 7 | 1.5% | 1.7% |
| 8 | 1.7% | 1.7% |
| 9 | 2.7% | 2.8% |
| 10 | 5.3% | 5.7% |
The rule ranks well: a company that went bankrupt got a higher share than one that kept going in 75% 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 31,349 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 |
|---|---|---|---|---|---|---|
| Non-recurring operating income76A | - | €5,826 | - | - | €826 | - |
| Remuneration, social security and pensions62 | €684 | €756 | €733 | €596 | €601 | ▲ 0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630 | €6,436 | €13,348 | €416 | €312 | €2,044 | ▲ 555% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4 | - | €149,892 | -€150,155 | €0 | - | - |
| Other operating charges640/8 | €2,027 | €1,498 | €1,999 | €2,254 | €877 | ▼ 61.1% |
| Non-recurring operating charges66A | - | €663 | €162,726 | €0 | - | - |
| Gross operating margin9900 | -€13,107 | €38,520 | €30,959 | €71,489 | €71,310 | ▼ 0.3% |
| Operating profit (loss)9901 | -€22,254 | -€127,637 | €15,240 | €68,327 | €67,788 | ▼ 0.8% |
| Financial income75/76B | €18,814 | €17,073 | €15,160 | €11,451 | €11,547 | ▲ 0.8% |
| Recurring financial income75 | €18,814 | €17,073 | €15,160 | €11,451 | €11,547 | ▲ 0.8% |
| Financial charges65/66B | €482 | €272 | €833 | €2,928 | €4,343 | ▲ 48.3% |
| Recurring financial charges65 | €482 | €272 | €833 | €2,928 | €4,343 | ▲ 48.3% |
| Profit (loss) for the period before taxes9903 | -€3,922 | -€110,836 | €29,567 | €76,850 | €74,992 | ▼ 2.4% |
| Income taxes67/77 | €116 | €249 | €1,936 | €4,900 | €4,646 | ▼ 5.2% |
| Profit (loss) for the period9904 | -€4,038 | -€111,085 | €27,631 | €71,950 | €70,346 | ▼ 2.2% |
| Profit (loss) for the period to be appropriated9905 | -€4,038 | -€111,085 | €27,631 | €71,950 | €70,346 | ▼ 2.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Assets | ||||||
| Total assets20/58 | €612,840 | €387,716 | €283,321 | €251,976 | €292,434 | ▲ 16.1% |
| Fixed assets21/28 | €40,468 | €728 | €312 | €0 | €11,113 | - |
| Intangible fixed assets21 | €4,748 | - | - | - | - | - |
| Tangible fixed assets22/27 | €35,320 | €728 | €312 | €0 | €11,113 | - |
| Plant, machinery and equipment23 | €9,328 | €728 | €312 | €0 | €1,395 | - |
| Furniture and vehicles24 | €25,992 | - | - | - | €9,718 | - |
| Financial fixed assets28 | €400 | - | - | - | - | - |
| Current assets29/58 | €572,372 | €386,988 | €283,009 | €251,976 | €281,321 | ▲ 11.6% |
| Amounts receivable after more than one year29 | €477,000 | €254,000 | €178,000 | €102,132 | €102,132 | = |
| Other amounts receivable291 | €477,000 | €254,000 | €178,000 | €102,132 | €102,132 | = |
| Stocks and contracts in progress3 | €17,500 | - | - | - | - | - |
| Stocks30/36 | €17,500 | - | - | - | - | - |
| Amounts receivable within one year40/41 | €41,314 | €97,690 | €67,065 | €108,095 | €138,864 | ▲ 28.5% |
| Trade receivables40 | €3,107 | €25,909 | - | €0 | €834 | - |
| Other amounts receivable41 | €38,207 | €71,781 | €67,065 | €108,095 | €138,030 | ▲ 27.7% |
| Cash at bank and in hand54/58 | €15,658 | €19,358 | €23,469 | €27,058 | €28,327 | ▲ 4.7% |
| Deferred charges and accrued income490/1 | €20,900 | €15,940 | €14,475 | €14,691 | €11,998 | ▼ 18.3% |
| Equity and liabilities | ||||||
| Total equity and liabilities10/49 | €612,840 | €387,716 | €283,321 | €251,976 | €292,434 | ▲ 16.1% |
| Equity10/15 | €521,228 | €226,043 | €229,574 | €197,445 | €241,125 | ▲ 22.1% |
| Contributions10/11 | €50,000 | €50,000 | €50,000 | €50,000 | €50,000 | = |
| Reserves13 | €322,361 | €160,761 | €178,761 | €146,400 | €191,000 | ▲ 30.5% |
| Non-distributable reserves130/1 | €2,500 | €2,500 | €2,500 | €2,500 | €2,500 | = |
| Reserves not available under the articles1311 | €2,500 | €2,500 | €2,500 | €2,500 | €2,500 | = |
| Distributable reserves133 | €319,861 | €158,261 | €176,261 | €143,900 | €188,500 | ▲ 31.0% |
| Profit (loss) carried forward14 | €148,867 | €15,282 | €813 | €1,045 | €125 | ▼ 88.0% |
| Amounts payable17/49 | €91,612 | €161,673 | €53,747 | €54,531 | €51,309 | ▼ 5.9% |
| Amounts payable after more than one year17 | €22,000 | €20,000 | €20,000 | €15,500 | €9,500 | ▼ 38.7% |
| Financial debts170/4 | €22,000 | €20,000 | €20,000 | €15,500 | €9,500 | ▼ 38.7% |
| Amounts payable within one year42/48 | €69,612 | €141,673 | €33,094 | €38,378 | €40,704 | ▲ 6.1% |
| Trade debts44 | €31,763 | €3,744 | €4,975 | €2,864 | €268 | ▼ 90.7% |
| Suppliers440/4 | €31,763 | €3,744 | €4,975 | €2,864 | €268 | ▼ 90.7% |
| Advances received on contracts in progress46 | - | - | - | €1,091 | €0 | ▼ 100% |
| Taxes, remuneration and social security45 | €2,671 | €6,257 | €4,019 | €10,205 | €13,770 | ▲ 34.9% |
| Taxes450/3 | €2,671 | €6,257 | €4,019 | €10,205 | €13,770 | ▲ 34.9% |
| Other amounts payable47/48 | €35,178 | €131,672 | €24,100 | €24,218 | €26,666 | ▲ 10.1% |
| Accrued charges and deferred income492/3 | - | - | €653 | €653 | €1,105 | ▲ 69.2% |
| Line | 2021 | 2022 | 2023 | 2024 | 2025 | Change |
|---|---|---|---|---|---|---|
| Profit (loss) for the period9904 | -€4,038 | -€111,085 | €27,631 | €71,950 | €70,346 | ▼ 2.2% |
| + Depreciation and write-downs630 | €6,436 | €13,348 | €416 | €312 | €2,044 | ▲ 555% |
| Operating cash flow (approximation) | €2,398 | -€97,737 | €28,047 | €72,262 | €72,390 | ▲ 0.2% |
| Investment in fixed assets (approximation) | - | €26,392 | €0 | €0 | -€13,157 | - |
| Change in cash | - | €3,700 | €4,111 | €3,589 | €1,269 | ▼ 64.6% |
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
29-05
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
31-10
Financial
Equity above €200,000Eq €241,125 ▲22.1%
3 profitable years in a row build equity to €241,125.
11-06
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 11 days late
2024
31-10
Financial
Highest result since 2018net €71,950 ▲160%
Operating result €68,327, net result €71,950, both a record.
14-05
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema
2023
31-10
Financial
Back to profitnet €27,631
Net result €27,631 after 2 loss-making years.
31-10
Financial
Liquidity triplescurrent ratio 8.55
Current ratio from 2.73 to 8.55; short-term debt falls from €141,673 to €33,094.
31-05
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
31-10
Financial
Weakest financial yearnet -€111,085
Net result drops to -€111,085, the lowest in the series; recovery starts the following year.
31-05
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
31-05
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
29-05
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
Show earlier events
2019
31-10
Financial
Back to profitnet €33,719
Net result €33,719 after one loss-making year.
31-10
Financial
Equity above €500,000Eq €525,159 ▲5.6%
Equity rises from €497,441 to €525,159.
27-05
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
31-05
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
31-05
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
0 of 3 acts read
About the unread acts
We know of 3 Belgian State Gazette acts for this company. None of them has been read yet: what they contain is neither established nor disproved here.
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Directors · office · real estate
Directors
3 acts for this company are 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, Pajottegem · 1 establishment unit since 2005
Ground area
2,847 m²
Building footprint
350 m²
Volume, LiDAR
1,750 m³
2 parcels, Flanders · tallest building 9.6 m, ±2 floors. Linked by address, not a title deed.
2
companies at this address
See who is registered here
1 establishment unit
SPL PAINT
since 20052.150.972.822
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 23058B0106/00T003 | Flanders | 1,457 m² | 1 · 179 m² | 9.6 m · 2 fl. |
| 23058B0106/00V003 | Flanders | 1,390 m² | 1 · 171 m² | 8.7 m · 2 fl. |
Linked by address, not proof of ownership
Good to know
2 of 2 parcels with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
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Of 232 companies in sector 46833 we hold annual accounts for 145. 118 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 (pre-2019)
Founded11-07-2005
Fiscal year end31-10
Activities, NACEBEL 2025
46833Wholesale trade
43341Painting of buildings
46831Wholesale of construction materials, general range
47521Retail sale of hardware, building materials, paint and glass (general range)
E-invoicing
Reachable via Peppol
Peppol ID
0208:0874995626
Also
9925:BE0874995626
Registered
29-10-2025
If you follow this company, Checked tells you the day it leaves the Peppol register.
Register as of 28 September 2026 · Peppol Directory
Scores and ratios are computed by Checked and are not a credit decision.