Serpieters Authentic Painters
ActiveSummary
Serpieters Authentic Painters has been active since 2013 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €404k and a net result of €111k. Equity is growing by ~51.1% per year across the filed fiscal years. Its solvency ranks better than 44% of 7777 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 1.1% (low).
Checked score
Score 2025
64
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability82▼-6
Solvency65▲+2
Growth78=
Track record100
Bankruptcy probability, 12 months
1.1%
Low
0%0.5%1.5%4%10%≥ 25%
Credit up to €25k at 30 days acceptable
Liquidity tight (current ratio 1.3 against 1.19 in 2024; short-term debt: 43.6% and cash: 11.3% of total assets), and 60.4% 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
39.6%
Return on assets
10.9%
Age of the figures
15 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 · Latest accounts filed on time
The financial year that closed on 30-06-2025 was due by 31-01-2026 and was filed on 25-11-2025, 67 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
67 d early
2024
23 d early
2023
22 d early
2022
43 d early
2021
13 d early
2020
18 d early
2019
21 d early
← before the deadline
after the deadline →
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.
Companies Code · seven monthsPosition in the running window
30-06-2026 close24-09-2026 today31-01-2027 deadline
Financials · fiscal year 2025, abbreviated schema
Equity
€404k▲ 31.9%
2024 · €306k
2019: €46k
2021: €68k
2022: €117k
2023: €181k
2024: €306k
2019 → 2025
Total assets
€1.02M▲ 27.8%
2024 · €797k
2019: €350k
2021: €272k
2022: €448k
2023: €478k
2024: €797k
2019 → 2025
Net result
€111k▼ 10.8%
2024 · €125k
2019: €11k
2021: €27k
2022: €49k
2023: €64k
2024: €125k
2019 → 2025
Working capital
€132k▲ 117%
2024 · €61k
2019: €-4k
2021: €-380
2022: €6k
2023: €20k
2024: €61k
2019 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20212022202320242025Trend
Equity€68k-€117k▲ 72.1%€181k▲ 55.0%€306k▲ 68.8%€404k▲ 31.9%
Operating result€44k-€72k▲ 63.1%€95k▲ 31.2%€183k▲ 93.1%€163k▼ 11.0%
Net result€27k-€49k▲ 84.7%€64k▲ 31.3%€125k▲ 93.8%€111k▼ 10.8%
Turnover and EBIT margin not published: the abbreviated or micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 11% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €1.02M
Fixed assets
€443k ▲ 5.1%
Current assets
€576k ▲ 53.3%
Equity and liabilities €1.02M
Equity
€404k ▲ 31.9%
Debt
€615k ▲ 25.3%
Debt's share of the balance-sheet total falls from 61.6% to 60.4%. Equity and debt are higher.
Key figures and ratios
EBITDA
€206k▼
2024 · €228k
Cash flow
€155k▼
2024 · €170k
Current ratio
1.30▲
2024 · 1.19
Quick ratio
1.25▲
2024 · 1.16
Debt to equity
1.52▼
2024 · 1.61
ROE
27.6%▼
2024 · 40.8%
ROA
10.9%▼
2024 · 15.6%
Interest coverage
15.42▼
2024 · 40.47
Debt ≤ 1 year
€444k▲
2024 · €315k
Debt > 1 year
€171k▼
2024 · €176k
Income taxes
€39k▼
2024 · €53k
Staff costs
€234k▼
2024 · €238k
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 · 60 lines
Balance sheet
Code20242025
Assets
Total assets20/58€797k€1.02M▲
Fixed assets21/28€422k€443k▲
Tangible fixed assets22/27€422k€443k▲
Land and buildings22€228k€221k▼
Plant, machinery and equipment23€57k€60k▲
Furniture and vehicles24€60k€90k▲
Other tangible fixed assets26€77k€72k▼
Current assets29/58€376k€576k▲
Stocks and contracts in progress3€11k€19k▲
Stocks30/36€11k€19k▲
Amounts receivable within one year40/41€202k€441k▲
Trade receivables40€202k€299k▲
Other amounts receivable41€6€142k▲
Cash at bank and in hand54/58€162k€115k▼
Deferred charges and accrued income490/1€932€1k▲
Equity and liabilities
Total equity and liabilities10/49€797k€1.02M▲
Equity10/15€306k€404k▲
Contributions10/11€12k€12k=
Reserves13€280k€378k▲
Tax-exempt reserves132-€42k
Distributable reserves133€280k€336k▲
Profit (loss) carried forward14€14k€14k=
Amounts payable17/49€491k€615k▲
Amounts payable after more than one year17€176k€171k▼
Financial debts170/4€176k€171k▼
Amounts payable within one year42/48€315k€444k▲
Current portion of amounts payable after more than one year42€44k€55k▲
Financial debts43€20k€20k▼
Credit institutions430/8€20k€20k▼
Trade debts44€132k€330k▲
Suppliers440/4€132k€330k▲
Advances received on contracts in progress46€65k€10k▼
Taxes, remuneration and social security45€50k€27k▼
Taxes450/3€37k€6k▼
Remuneration and social security454/9€13k€21k▲
Other amounts payable47/48€3k€2k▼
Income statement
Code20242025
Remuneration, social security and pensions62€238k€234k▼
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€45k€43k▼
Write-downs on stocks, contracts in progress and trade receivables: additions (reversals)631/4€0-
Other operating charges640/8€4k€6k▲
Non-recurring operating charges66A-€2k
Gross operating margin9900€469k€448k▼
Operating profit (loss)9901€183k€163k▼
Financial income75/76B€498€950▲
Recurring financial income75€498€950▲
Financial charges65/66B€6k€13k▲
Recurring financial charges65€6k€13k▲
Profit (loss) for the period before taxes9903€178k€150k▼
Income taxes67/77€53k€39k▼
Profit (loss) for the period9904€125k€111k▼
Transfer to tax-exempt reserves689-€42k
Profit (loss) for the period to be appropriated9905€125k€69k▼
Appropriation of the result
Profit (loss) to be appropriated9906€138k€83k▼
Profit (loss) brought forward from the previous period14P€14k€14k=
Transfer from equity791/2-€14k
Transfer to equity691/2€125k€69k▼
To other reserves6921€125k€69k▼
Profit to be distributed694/7-€14k
Return on contributions (dividend)694-€14k
Social balance
Average headcount (FTE)90874.54.6▲
The notes to these accounts (23 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
2025
25-11
NBB filing
Annual accounts filed
fiscal year 2025 · abbreviated schema
08-01
NBB filing
Annual accounts filed
fiscal year 2024 · abbreviated schema
2024
30-06
Financial
Highest result since 2019net €125k ▲93.8%
Operating result €183k, net result €125k, both a record.
30-06
Financial
Equity above €200kEq €306k ▲68.8%
5 profitable years in a row build equity to €306k.
09-01
NBB filing
Annual accounts filed
fiscal year 2023 · abbreviated schema
2023
30-06
Financial
Equity above €150kEq €181k ▲55%
4 profitable years in a row build equity to €181k.
2022
19-12
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
30-06
Financial
Equity above €100kEq €117k ▲72.1%
3 profitable years in a row build equity to €117k.
18-01
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
13-01
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
10-01
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2018
11-12
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2017
31-03
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
31-03
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
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, Ardooie · 2 establishment units 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.
Brabantstraat 238850 ArdooieGround area
1,904 m²
Building footprint
305 m²
Volume, LiDAR
1,546 m³
2 parcels, Flanders · tallest building 8.7 m, ±2 floors. Linked by address, not a title deed.
2 establishment units
Serpieters Authenic Painters
since 20132.219.737.211
Serpieters Authentic Painters
since 20132.220.316.637
2 parcels
Flanders
2
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 36001A0698/00M000 | Flanders | 1,057 m² | 1 · 190 m² | 8.7 m · 2 fl. |
| 36505B1144/00R002 | Flanders | 847 m² | 1 · 115 m² | 7.9 m · 2 fl. |
Linked by address, not proof of ownership
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.
Public money · subsidies and aid
Flemish government
2025 · 1 entry · 2,550 EUR awarded · 2,550 EUR paid| Year | Entries | awarded | paid |
|---|---|---|---|
| 2025 | 1 | 2,550 EUR | 2,550 EUR |
Schemes
Subsidie voor opleiding en advies voor kmo's en zelfstandigen (kmo-portefeuille)
Recognitions · licences · registrations
Dual-learning approval
4 endedBehanger (so)
Medewerker schilder- en behangwerken duaal (so)
Schilder (so)
Schilder-decorateur (so)
Legal Entity Identifier
699400T0FPYANRLRRZ73
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Of 7,861 companies in sector 43341 we hold annual accounts for 2,663. 1,628 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
Founded12-06-2013
Fiscal year end30-06
Activities, NACEBEL 2025
43341Painting of buildings
43333Wallpapering and laying of floor and wall coverings in other materials
74120Graphic design and visual communication
Sources
Crossroads Bank for EnterprisesNational Bank · 11 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.