PAINT @ BVBA
ActiveSummary
PAINT @ BVBA has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2024 annual accounts show equity of €11k and a net result of €17k. Equity is growing by ~14% per year across the filed fiscal years. Its solvency ranks better than 41% of 15869 sector peers (fiscal year 2024). The computed 12-month bankruptcy probability is 0.7% (low).
Checked score
Score 2024
72
/ 100
Healthy
The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2023
Profitability100=
Solvency53▲+53
Growth78=
Track record100
Bankruptcy probability, 12 months
0.7%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €500 at 30 days acceptable
Liquidity ample (current ratio 2.13 against 1.33 in 2023; short-term debt: 44.6% and cash: 12.1% of total assets), but 72.4% of the assets are financed with debt.
Credit check for your own amount and term
Signals
Four 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 46
Relative position
BE, all sectors
reference
Sector 46
higher
← 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 2024Solvency, return and age of the figures
Solvency
27.6%
Return on assets
44.2%
Age of the figures
21 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 · Filed after the deadline
The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 08-10-2025, 69 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 · 10 filingsDeviation from the deadline
2025
not confirmed
2024
69 d late
2023
68 d late
2022
67 d late
2021
72 d late
2020
87 d late
2019
122 d late
← before the deadline
after the deadline →
Checked, nothing found (1)
Financials · fiscal year 2024, micro schema
Equity
€11k
2023 · €-7k
2018: €-21k
2019: €-21k
2020: €-25k
2021: €-24k
2022: €-21k
2023: €-7k
2018 → 2024
Total assets
€40k▲ 142%
2023 · €16k
2018: €8k
2019: €28k
2020: €13k
2021: €12k
2022: €9k
2023: €16k
2018 → 2024
Net result
€17k▲ 18.7%
2023 · €15k
2018: €1k
2019: €380
2020: €-4k
2021: €2k
2022: €2k
2023: €15k
2018 → 2024
Working capital
€20k▲ 402%
2023 · €4k
2018: €-12k
2019: €-11k
2020: €-15k
2021: €-13k
2022: €-11k
2023: €4k
2018 → 2024
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220232024Trend
Equity€-25k-€-24k▲ 7.3%€-21k▲ 9.8%€-7k▲ 69.1%€11k
Operating result€-4k-€4k€3k▼ 29.7%€15k▲ 382%€21k▲ 36.8%
Net result€-4k-€2k€2k▲ 24.7%€15k▲ 538%€17k▲ 18.7%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
After the dip in 2022 the operating result has climbed two years in a row; 2024 is 37% above 2023 and is the highest result in the available series.
Balance-sheet composition
2024 in colour, 2023 as the grey bar beneath
Assets €40k
Fixed assets
€2k ▲ 325%
Current assets
€38k ▲ 137%
Equity and liabilities €40k
Equity
€11k
Debt
€29k
Debt finances 72.4% of the balance-sheet total.
Key figures and ratios
EBITDA
€21k▲
2023 · €15k
Cash flow
€18k▲
2023 · €15k
Current ratio
2.13▲
2023 · 1.33
Debt to equity
2.62▲
2023 · -3.48
ROE
160.2%
ROA
44.2%▼
2023 · 90.3%
Interest coverage
15.12▼
2023 · 30.34
Debt ≤ 1 year
€18k▲
2023 · €12k
Debt > 1 year
€11k=
2023 · €11k
Income taxes
€3k
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 · 2024 against 2023 · 46 lines
Balance sheet
Code20232024
Assets
Total assets20/58€16k€40k▲
Fixed assets21/28€463€2k▲
Tangible fixed assets22/27€463€2k▲
Plant, machinery and equipment23-€915
Furniture and vehicles24€463€1k▲
Current assets29/58€16k€38k▲
Amounts receivable within one year40/41€15k€33k▲
Trade receivables40€6k€6k▼
Other amounts receivable41€9k€26k▲
Cash at bank and in hand54/58€360€5k▲
Deferred charges and accrued income490/1-€35
Equity and liabilities
Total equity and liabilities10/49€16k€40k▲
Equity10/15€-7k€11k▲
Contributions10/11€6k€6k=
Capital10€6k€6k=
Issued capital100€19k€19k=
Uncalled capital101€12k€12k=
Reserves13€650€650=
Non-distributable reserves130/1€650€650=
Legal reserve130€650€650=
Profit (loss) carried forward14€-13k€4k▲
Amounts payable17/49€23k€29k▲
Amounts payable after more than one year17€11k€11k=
Financial debts170/4€11k€11k=
Amounts payable within one year42/48€12k€18k▲
Financial debts43€4k-
Credit institutions430/8€4k-
Trade debts44€6k€13k▲
Suppliers440/4€6k€13k▲
Taxes, remuneration and social security45-€3k
Taxes450/3-€3k
Other amounts payable47/48€2k€2k=
Income statement
Code20232024
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€156€234▲
Other operating charges640/8€568€752▲
Gross operating margin9900€16k€22k▲
Operating profit (loss)9901€15k€21k▲
Financial income75/76B€0€1k▲
Recurring financial income75€0€1k▲
Financial charges65/66B€507€1k▲
Recurring financial charges65€507€1k▲
Profit (loss) for the period before taxes9903€15k€20k▲
Income taxes67/77-€3k
Profit (loss) for the period9904€15k€17k▲
Profit (loss) for the period to be appropriated9905€15k€17k▲
Appropriation of the result
Profit (loss) to be appropriated9906€-13k€4k▲
Profit (loss) brought forward from the previous period14P€-28k€-13k▲
The notes to these accounts (5 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
2025
08-10
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema · 69 days late
2024
31-12
Financial
Highest result since 2018net €17k ▲18.7%
Operating result €21k, net result €17k, both a record.
07-10
NBB filing
Annual accounts filed
fiscal year 2023 · micro schema · 68 days late
2023
31-12
Financial
Liquidity triplescurrent ratio 1.33
Current ratio from 0.45 to 1.33; short-term debt falls from €19k to €12k.
06-10
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema · 67 days late
2022
11-10
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema · 72 days late
2021
31-12
Financial
Back to profitnet €2k
Net result €2k after one loss-making year.
26-10
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema · 87 days late
2020
31-12
Financial
Weakest financial yearnet €-4k ▼1241%
Net result drops to €-4k, the lowest in the series; recovery starts the following year.
30-11
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema · 122 days late
2019
23-08
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema · 23 days late
2018
27-08
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema · 27 days late
2017
24-08
NBB filing
Annual accounts filed
fiscal year 2016 · micro schema · 24 days late
2016
23-08
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema · 23 days late
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
1 act for this company is 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, Gingelom · 1 establishment unit since 2013
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.
Boekhoutstraat 24B3890 GingelomGround area
1,189 m²
Building footprint
148 m²
Volume, LiDAR
711 m³
Parcel 71007B0015/00C002, Flanders · tallest building 6.6 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
PAINT@BVBA
since 20132.216.882.738
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 71007B0015/00C002 | Flanders | 1,189 m² | 1 · 148 m² | 6.6 m · 2 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.
Similar companies · same sector, comparable size
LHONNEUX DECORATION
BE 0879.633.018
Waremme · Eq €10,885
Ardeco
BE 1023.341.684
Merelbeke-Melle · Eq €10,927
JSP TOIT
BE 0759.648.174
Morlanwelz · Eq €10,993
TPB-construct
BE 0652.914.819
Tessenderlo-Ham · Eq €10,752
FINSOL
BE 0555.881.759
Kontich · Eq €10,644
Of 1,137 companies in sector 46130 we hold annual accounts for 646. 301 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 (pre-2019)
Founded15-02-2013
Fiscal year end31-12
Activities, NACEBEL 2025
46130Agents in the wholesale of timber and building materials
43230Insulation installation
46833Wholesale trade
81220Other building cleaning and industrial cleaning
Sources
Crossroads Bank for EnterprisesNational Bank · 11 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.