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TRUE COLOURS

Active
Private limited companyfounded 199036 yrs activeVeldeken 6, 9160 Lokeren, BelgiumKBO/BCE: BE 0439.864.514
Summary

TRUE COLOURS has been active since 1990 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €1.6m and a net result of €142,576. Equity is growing by ~6.3% per year across the filed fiscal years. Its solvency ranks better than 68% of 10550 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is < 0.1% (very low).

Risk analysisWatch ReportCompare
TRUE COLOURSActiveChecked score 97/100
Risk analysis ReportCompare

Overview

Activity
Business and other management consultancy
NACE 70200Business consulting NACE 70220
1 site
Size
€2.2mtotal assets 2025
Equity
€1.6m
Profit
€142,576
Turnover not published (abridged schema)
Financial health
97 Excellent Checked score 2025
Bankruptcy chance 12 m
< 0.1%
Structure
Parent
MONTALPA · 82.67%
Accounts filed 46 d late0 of 1 deed read
Why 97- Latest accounts 47 days late; 1 of the last 3 late+ Liquidity: current ratio 10.57, cash €872,710+ Size: total assets €2.2m+ Sector Activities of head offices; management consultancy activities (NACE 70)Show the evidence

Checked score

Score 2025
97 / 100
Excellent
Probability in this band: under 0.55%
Better than 75% of its sector peers (NACE 70, small)
Performance against the sector, not lower risk
Every signal that weighs is under Signals.
Financial strength · tick = 2024
Strong
Solvency 97+1
equity 72.2% of total assets
Liquidity 99-1
short-term debt 5.2% · cash 39.0%
Profitability 77-1
return on assets 6.4%
Bankruptcy probability, 12 months
< 0.1% Very low
0%0.5%1.5%4%10%≥ 25%

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

Sector median 0.1% (4,516 companies)
Last 24 months 11-2024: < 0.1% 12-2024: < 0.1%▲ +3.7% vs 11-2024 01-2025: < 0.1%▲ +17.9% vs 12-2024 02-2025: < 0.1%▼ -42.4% vs 01-2025lowest value 03-2025: < 0.1%● 0.0% vs 02-2025lowest value 04-2025: < 0.1%● 0.0% vs 03-2025lowest value 05-2025: < 0.1%● 0.0% vs 04-2025lowest value 06-2025: < 0.1%● 0.0% vs 05-2025lowest value 07-2025: < 0.1%● 0.0% vs 06-2025lowest value 08-2025: < 0.1%● 0.0% vs 07-2025lowest value 09-2025: < 0.1%▲ +5.3% vs 08-2025 10-2025: < 0.1%▲ +5.0% vs 09-2025 11-2025: < 0.1%● 0.0% vs 10-2025 12-2025: < 0.1%● 0.0% vs 11-2025 01-2026: < 0.1%▲ +23.8% vs 12-2025 02-2026: < 0.1%▲ +38.5% vs 01-2026 03-2026: < 0.1%▲ +5.6% vs 02-2026highest value 04-2026: < 0.1%▼ -21.1% vs 03-2026 05-2026: < 0.1%● 0.0% vs 04-2026 06-2026: < 0.1%● 0.0% vs 05-2026 07-2026: < 0.1%▼ -3.3% vs 06-2026 08-2026: < 0.1%▲ +3.4% vs 07-2026 09-2026: < 0.1%● 0.0% vs 08-2026 10-2026: < 0.1%● 0.0% vs 09-2026
  • Liquidity: current ratio 10.57, cash €872,710 lowers the probability
  • Latest accounts 47 days late; 1 of the last 3 late raises the probability
  • Size: total assets €2.2m lowers the probability for this profile
  • Sector Activities of head offices; management consultancy activities (NACE 70) lowers the probability
Credit up to €150,000 at 30 days acceptable
Liquidity ample (current ratio 10.57 against 14.83 in 2024; short-term debt: 5.2% and cash: 39% of total assets), and 27.8% of the assets are financed with debt.
How it is calculated

The band comes from the bankruptcy probability on a scale of 0 to 100: every 10 points more double the odds of getting through the year without bankruptcy.

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%

Place inside the band: half the bankruptcy probability, half how the company does against its sector peers (NACE 70, small). Better than this share of them on solvency 68%, liquidity 98%, profitability 73%, growth against the median 62%. That is performance, not lower risk; the band itself always comes from the probability.

Bankruptcy probability: model pd-v3.202610021621, computed on 05-10-2026. The model learns from Belgian bankruptcies and reads the registers, the annual accounts and the gazette.

Ceilings: negative or zero equity, a heavy loss, a special KBO legal situation and a missing filing 59 (two missing 44), an ongoing judicial reorganisation or an ending 24. Financial strength does not count in the score.

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Signals

Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
lowers risk · Liquidity: current ratio 10.57, cash €872,710
In the bankruptcy model this factor lowers the probability.
NBB · annual accounts
raises risk · Latest accounts 47 days late; 1 of the last 3 late
In the bankruptcy model this factor raises the probability.
NBB · filings
lowers risk · Size: total assets €2.2m
In the bankruptcy model this factor lowers the probability for this profile.
NBB · annual accounts
lowers risk · Sector Activities of head offices; management consultancy activities (NACE 70)
In the bankruptcy model this factor lowers the probability.
KBO
neutral · A punctual record breaks
This company filed 6 consecutive financial years on time. The year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 18-03-2026, 46 days late. Weigh it accordingly: a break into the 1-to-90-day band measures 1.41% abnormal legal state, below the 1.66% market average. It is a change in behaviour, not evidence of elevated risk.
NBB · 10 filings
Deviation from the deadline
2025
46 d late
2024
on the day
2023
on the day
2022
on the day
2021
on the day
2020
2 d early
2019
1 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 6 days after the deadline; the sector median for financial year 2024 is 9 days before the deadline, and 32% of the sector filed late.

Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 30-06-2026 and is due by 31-01-2027. Nothing is late today. Usually files around 31 January (4 of the last 5 filed years within 30 days of that day).
Companies Code · seven months
Position in the running window
30-06-2026 close05-10-2026 today31-01-2027 deadline
neutral · No strike-offs in the KBO publications
We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.
KBO publications · our coverage
  1. Annual accounts filedfiscal year 2025 · abbreviated…
  2. Annual accounts filedfiscal year 2024 · abbreviated…
  3. Liquidity times 6current ratio 14.83

Key points

  • Positive: Among the best 20% on equitysector median €324,981 · 10,560 companies €1.6m View
  • Controlled by MONTALPA 82.67% View
  • Positive: 7 profitable years in a rowprofit 2025: €142,576 7 years View

By topic

Financials

Fiscal year
2025
Total assets
€2.2m
Profit
€142,576
Solvency
72.2%
Total assets▲ 7.5%
Net result
20192025
Go to Financials

Timeline

Events
12
Since
2017
Next accounts
by 31-01-2027
  1. 18-03-2026Annual accounts filed
  2. 31-01-2025Annual accounts filed
  3. 30-06-2024Liquidity times 6
Go to Timeline

Company details

Sites
1
Legal form
Private limited company
Activity
Business and other management consultancyNACE 70200
Founded
20-02-1990
Year ends
30-06
Peppol
Reachable for e-invoices
Go to Company details

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