GREY COLOR
ActiveSummary
GREY COLOR has been active since 2012 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €717k and a net result of €133k. Equity is growing by ~29.5% per year across the filed fiscal years. Its solvency ranks better than 34% of 7777 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.8% (low).
Checked score
Score 2025
66
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability76▼-3
Solvency57▼-1
Growth78=
Track record100
Bankruptcy probability, 12 months
0.8%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45k at 30 days acceptable
Liquidity tight (current ratio 1.31 against 1.43 in 2024; short-term debt: 27.4% and cash: 11.3% of total assets), and 68.4% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Five signals. The signal on the left, the evidence on the right.
−lowers risk+raises risk○neutral
raises risk · Higher-failure-rate sector
In this sector companies fail more often than the Belgian average.
Gazette · bankruptcies per sector, NACE 43
Relative position
BE, all sectors
reference
Sector 43
higher
← fewer bankruptcies
more bankruptcies →
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
31.6%
Return on assets
5.9%
Age of the figures
9 mo
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
neutral · A punctual record breaks
This company filed 5 consecutive financial years on time. The year that closed on 31-12-2025 was due by 31-07-2026 and was filed on 24-08-2026, 24 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 filingsDeviation from the deadline
2025
24 d late
2024
13 d early
2023
35 d early
2022
25 d early
2021
2 d early
2020
46 d early
2019
26 d late
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
24-09-2026 today31-12-2026 close31-07-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Turnover
Not included in this filing
EBIT margin
Not included in this filing
Net result
€133k▼ 13.0%
2024 · €153k
2018: €65k
2019: €155k
2020: €-80k
2021: €55k
2022: €113k
2023: €171k
2024: €153k
2018 → 2025
Working capital
€191k▲ 14.0%
2024 · €168k
2018: €6k
2019: €154k
2020: €114k
2021: €-113k
2022: €14k
2023: €85k
2024: €168k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€249k-€362k▲ 45.6%€525k▲ 44.8%€609k▲ 16.2%€717k▲ 17.6%
Operating result€164k-€172k▲ 4.9%€271k▲ 57.7%€240k▼ 11.6%€224k▼ 6.6%
Net result€55k-€113k▲ 105%€171k▲ 51.1%€153k▼ 10.9%€133k▼ 13.0%
Result per fiscal year
Operating resultNet result
The operating result has fallen two years in a row; 2025 is 7% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.27M
Fixed assets
€1.46M ▲ 11.2%
Current assets
€813k ▲ 44.8%
Equity and liabilities €2.27M
Equity
€717k ▲ 17.6%
Debt
€1.55M ▲ 23.0%
Debt's share of the balance-sheet total rises from 67.5% to 68.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€426k▲
2024 · €400k
Cash flow
€335k▲
2024 · €312k
Current ratio
1.31▼
2024 · 1.43
Quick ratio
1.26▼
2024 · 1.36
Debt to equity
2.17▲
2024 · 2.07
ROE
18.5%▼
2024 · 25.1%
ROA
5.9%▼
2024 · 8.2%
Interest coverage
15.95▼
2024 · 17.56
Debt ≤ 1 year
€621k▲
2024 · €394k
Debt > 1 year
€933k▲
2024 · €870k
Income taxes
€69k▲
2024 · €68k
Staff costs
€847k▼
2024 · €878k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 54 lines
Balance sheet
Code20242025
Assets
Total assets20/58€1.87M€2.27M▲
Fixed assets21/28€1.31M€1.46M▲
Tangible fixed assets22/27€1.31M€1.45M▲
Land and buildings22€945k€976k▲
Plant, machinery and equipment23€98k€82k▼
Furniture and vehicles24€263k€394k▲
Financial fixed assets28€6k€6k=
Current assets29/58€561k€813k▲
Stocks and contracts in progress3€24k€32k▲
Stocks30/36€24k€32k▲
Amounts receivable within one year40/41€279k€495k▲
Trade receivables40€198k€451k▲
Other amounts receivable41€81k€44k▼
Cash at bank and in hand54/58€249k€258k▲
Deferred charges and accrued income490/1€9k€28k▲
Equity and liabilities
Total equity and liabilities10/49€1.87M€2.27M▲
Equity10/15€609k€717k▲
Contributions10/11€6k€6k=
Reserves13€520k€627k▲
Distributable reserves133€520k€627k▲
Profit (loss) carried forward14€83k€83k=
Amounts payable17/49€1.26M€1.55M▲
Amounts payable after more than one year17€870k€933k▲
Financial debts170/4€870k€933k▲
Amounts payable within one year42/48€394k€621k▲
Current portion of amounts payable after more than one year42€184k€222k▲
Trade debts44€109k€308k▲
Suppliers440/4€109k€308k▲
Taxes, remuneration and social security45€51k€47k▼
Taxes450/3€22k€15k▼
Remuneration and social security454/9€29k€32k▲
Other amounts payable47/48€49k€45k▼
Income statement
Code20242025
Remuneration, social security and pensions62€878k€847k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€160k€202k▲
Other operating charges640/8€53k€45k▼
Gross operating margin9900€1.33M€1.32M▼
Operating profit (loss)9901€240k€224k▼
Financial income75/76B€4k€5k▲
Recurring financial income75€4k€5k▲
Financial charges65/66B€23k€27k▲
Recurring financial charges65€23k€27k▲
Profit (loss) for the period before taxes9903€221k€202k▼
Income taxes67/77€68k€69k▲
Profit (loss) for the period9904€153k€133k▼
Profit (loss) for the period to be appropriated9905€153k€133k▼
Appropriation of the result
Profit (loss) to be appropriated9906€238k€216k▼
Profit (loss) brought forward from the previous period14P€86k€83k▼
Transfer from equity791/2€65k€26k▼
Transfer to equity691/2€153k€133k▼
To other reserves6921€153k€133k▼
Profit to be distributed694/7€68k€26k▼
Return on contributions (dividend)694-€26k
Directors or managers695€68k-
Social balance
Average headcount (FTE)908718.516.3▼
The notes to these accounts (12 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
24-08
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema · 24 days late
2025
18-07
NBB filing
Annual accounts filed
fiscal year 2024 · full schema
2024
26-06
NBB filing
Annual accounts filed
fiscal year 2023 · full schema
2023
31-12
Financial
Highest result since 2018net €171k ▲51.1%
Operating result €271k, net result €171k, both a record.
31-12
Financial
Equity above €500kEq €525k ▲44.8%
3 profitable years in a row build equity to €525k.
06-07
NBB filing
Annual accounts filed
fiscal year 2022 · full schema
2022
29-07
NBB filing
Annual accounts filed
fiscal year 2021 · full schema
2021
31-12
Financial
Back to profitnet €55k
Net result €55k after one loss-making year.
31-12
Financial
Equity above €200kEq €249k ▲28.6%
Equity rises from €193k to €249k.
15-06
NBB filing
Annual accounts filed
fiscal year 2020 · full schema
2020
31-12
Financial
Weakest financial yearnet €-80k ▼152%
Net result drops to €-80k, the lowest in the series; recovery starts the following year.
26-08
NBB filing
Annual accounts filed
fiscal year 2019 · full schema · 26 days late
Show earlier events
2019
31-12
Financial
Equity above €200kEq €274k ▲131%
2 profitable years in a row build equity to €274k.
23-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 23 days late
2018
12-07
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
13-07
NBB filing
Annual accounts filed
fiscal year 2016 · full schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
5 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, Tournai · 1 establishment unit since 2012
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.
Rue du Serpolet (MAR) 37522 TournaiGround area
1,516 m²
Building footprint
407 m²
Volume, LiDAR
1,707 m³
Parcel 57050A0166/00P000, Wallonia · tallest building 5.2 m, ±1 floor. Linked by address, not a title deed.
1 establishment unit
GREY COLOR
since 20122.214.696.179
1 parcel
Wallonia
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 57050A0166/00P000 | Wallonia | 1,516 m² | 1 · 407 m² | 5.2 m · 1 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Recognitions · licences · registrations
Legal Entity Identifier
254900HC6GPHUKWACI38
Similar companies · same sector, comparable size
ZANDOLI
BE 0870.409.605
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SAYIN'S
BE 0872.205.093
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PARA
BE 0428.088.912
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ELTRIBEL
BE 0865.757.365
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SARTORI
BE 0474.409.578
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Of 7,861 companies in sector 43341 we hold annual accounts for 2,663. 1,218 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded11-10-2012
Fiscal year end31-12
Activities, NACEBEL 2025
43341Painting of buildings
43342Specialised construction activities
43350Other building finishing work
Sources
Crossroads Bank for EnterprisesNational Bank · 13 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.