Active BE 0419.489.465Private limited company (pre-2019)Open bankruptcy

Brupaint

Paleizenstraat over de Bruggen 458 ·1020 Brussel, Belgium· 47 yrs active

Sector: Specialised construction (43990)

Conclusion Checked

A bankruptcy procedure is open for Brupaint according to publications in the Belgian State Gazette. The 2022 annual accounts show negative equity (€-32k) and a net result of €-22k.

Based on the State Gazette, CBE and 5 annual accounts.

Key figures

Equity	€-32k
Net result	€-22k
Staff (FTE)	2.8
Better than sector	7%

Snowflake analysis 5 axes · computed by Checked

41 / 100

Fragile profile, watch health in particular.

Health 0

Profitability 100

Solvency 49

Growth 58

Stability 0

Bankruptcy probability (12 mo) Checked model v1 · free

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.

Risk Assessment rule-based

50 / 100

High risk

Components

· Open bankruptcy (+50)

Trust signals 2 signals

KBO register: special legal situation

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 0 events

No administrative flags

Health barometer FY 2022 · computed

0 / 100 Critical

050100

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Computed by Checked from NBB filings and Belgian State Gazette signals. Indicative, not credit advice.

Financial overview10 NBB filings

Annual accounts filed on 30-08-2023 with the NBB · fiscal year 2022 · verkort

Operating resultNet result

Sector comparison

Fiscal year 2022 · NACE 43, Specialised construction · compared within the same schema type (abbreviated schema)

Metric	This company	Sector median	Position in the sector
Solvency	-13.5%	30.3%	better than 7% of 749 sector peers
Net result	€-22k	€30k	better than 9% of 747 sector peers
Equity	€-32k	€134k	better than 5% of 749 sector peers
Gross operating margin	€112k	€198k	better than 40% of 748 sector peers
Staff costs	€126k	€197k	higher than 40% of 503 sector peers

Median and position computed from NBB annual accounts filed by sector peers; own figures from the latest filed accounts.

EBITDA

€-16k

+44.8% far below sector median

Net profit

€-22k

+39.2% far below sector median

Cash flow

€-19k

+42.0% far below sector median

Total assets

€239k

-22.7% -82% vs sector

Equity

€-32k

-220.6% far below sector median

Working capital

€40k

-32.4% -96% vs sector

Employees (FTE)

3

-33.3% -55% vs sector

Staff costs

€126k

-16.7% -64% vs sector

Income taxes

€166

-33.6% -100% vs sector

Debt

€271k

-15.1% -18% vs sector

Debt ≤ 1y

€195k

-19.8% -41% vs sector

Debt > 1y

€76k

0.0% -92% vs sector

Current ratio

1.20

-3.1% -76% vs sector

Quick ratio

1.14

-4.4% -66% vs sector

Solvency

-13.5%

-315.0% far below sector median

Debt / equity

-8.38

+73.5% far below sector median

ROE

68.8%

-81.0% far above sector median

ROA

-9.3%

+21.4% far below sector median

Interest coverage

-6.86

+39.8% far below sector median

Figures by fiscal year

Highlight YoY changes (±10%)

Fiscal year	2022
Revenue	-
EBITDA	€-16k
Net profit	€-22k
Cash flow	€-19k
Staff costs	€126k
Income taxes	€166
Dividends	-
Total assets	€239k
Equity	€-32k
Debt	€271k
of which ≤ 1y	€195k
of which > 1y	€76k
Working capital	€40k
Employees (FTE)	2.8

Ratios (computed)

	2022
Current ratio	1.20
Quick ratio	1.14
Working capital ratio	16.6%
Solvency	-13.5%
Debt / equity	-8.38
Long-term debt ratio	-2.35
Interest coverage	-6.86
Gross margin	-
Net margin	-
ROA	-9.3%
ROE	68.8%
EBITDA margin	-
Days sales outstanding	-
Days payable outstanding	-
Inventory turnover	-
Days inventory (DSI)	-

Balance-sheet composition 2022

Assets

Fixed assets €4k · 1.7% Current assets €235k · 98.3%

Full annual accounts

Filed balance sheet and income statement, exactly as deposited with the NBB.

Line item	Code	2022
Balance sheet, Assets
TOTAL ASSETS	20/58	€239k
Fixed assets	21/28	€4k
Tangible fixed assets	22/27	€4k
Current assets	29/58	€235k
Stocks & contracts in progress	3	€13k
Amounts receivable within one year	40/41	€200k
Cash & bank	54/58	€19k
Balance sheet, Equity & liabilities
TOTAL EQUITY & LIABILITIES	10/49	€239k
Equity	10/15	€-32k
Contributions / capital	10/11	€23k
Reserves	13	€4k
Accumulated profits (losses)	14	€-59k
Amounts payable	17/49	€271k
Amounts payable after one year	17	€76k
Amounts payable within one year	42/48	€195k
Trade debts payable within one year	44	€190k
Income statement
Gross operating margin	9900	€112k
Operating result	9901	€-20k
Financial income	75	€60
Financial charges	65	€2k
Result before taxes	9903	€-22k
Income taxes	67/77	€166
Net result for the period	9904	€-22k
Result to be appropriated	9905	€-22k

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Ratios computed by Checked.

Directors & mandates1 person

Role	Name	Tenure	Source
Curator	TOON PROOST VICTOR NONNEMANSTRAAT 15 B, 1600 SINT-PIETERS-LEEUW	05-12-2023 → present	Belgian State Gazette

Legal Structure

NACE primary	Specialised construction(43990)
Legal form	Private limited company (pre-2019)(015)
Incorporation	23-05-1979
Status	Active
Postal code	1020
First BS signal	12-12-2023
Latest BS signal	12-12-2023

Company structure, linked entities1 linked entities

Mandates

Establishment units 2 locations

Brupaint

Paleizenstraat over de Bruggen 458, 1020 BrusselOverige gespecialiseerde werkzaamheden in de bouw

since 20002.016.235.664

BRUPAINT

Henry Fordlaan 86, 3600 GenkZagen en schaven van hout

since 20142.228.716.243

Physical sites registered in the Crossroads Bank for Enterprises (CBE).

Real-estate footprint Source: CBE × cadastre

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 (50%) Brussels 1 (50%)

Parcel (capakey)	Region	Area	Buildings	Height / fl.
21815D0248/00M000 ProtectedMonumentEerste gemeentehuis van LakenSource ↗	Brussels	2,626 m²	1 · 125 m²	8.1 m · 2 fl.
71305F1334/00L043	Flanders	2,267 m²	1 · 911 m²	5.9 m · 1 fl.

Methodology

via registered seat: 1 · via establishment units: 1

2 of 2 parcels with an exact address match; the rest are indicative.

Linked through address data, this is not proof of ownership.

1 of these parcels carry protected heritage (source: regional heritage registers, Onroerend Erfgoed / patrimoine.brussels).

Updates 11 events

A single timeline of everything that happened to this company, publications, insolvency and lifecycle events, administrative changes and filed annual accounts.

2023

12-12-2023

Bankruptcy Opening

Ondernemingsrechtbank Brussel · BRUPAINT BV PALEIZEN- STRAAT OVER DE BRUGGEN 458, 1020 LAKEN · event 05-12-2023

30-08-2023