Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Tight liquidity NBB
Cash and receivables cover 50 % of short-term debt in 2022; threshold 65 %.
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Annual account missing NBB
Fiscal year 2023 was expected before 31 July 2024 and has not been filed.
Financials
Financial year 2022
Paint Master from Geraardsbergen, company number BE0753700193, closed financial year 2022 with a result of € 5,650 after tax. For that financial year Paint Master recorded a gross margin of € 33,166 and equity of € 14,165. Compared with financial year 2021, the result moved from € 7,767 to € 5,650. The company is profitable. The buffer is growing. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on August 31, 2023.
€ 14,165
▲ 62% vs 2021
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 5,650
▼ 27% vs 2021
Profit after tax over the fiscal year.
€ 4,838
▼ 44% vs 2021
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2022. Retained profit grew to € 13,165.
People and assets in 2022
≈ 1
No payroll staff. One director, so that person most likely runs the business.
€ 2,340
▼ 18% vs 2021
No payroll staff. An amount this small is usually a social contribution or pension premium for the director, booked under staff costs.
€ 69,888
▼ 6% vs 2021
Of which on lease € 53,198.
Debts at end 2022
€ 91,320
▼ 15% vs 2021
€ 21,875 is repaid this year. At this pace the long-term loan is gone in ≈ 4 years.
€ 11,333
▼ 20% vs 2021
Supplier invoices still open on the last day of the fiscal year.
€ 5,649
▲ 218% vs 2021
Corporate tax and VAT still to pay. No wage debt: nothing outstanding to staff or social security.
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| 2021 | 2022 | Change 2021 → 2022 | |
|---|---|---|---|
| Gross margin | € 24,947 | € 33,166 | ▲ 33% |
| Profit after taxes | € 7,767 | € 5,650 | ▼ 27% |
| Equity | € 8,767 | € 14,165 | ▲ 62% |
| Total debts | € 122,978 | € 109,313 | ▼ 11% |
| Cash | € 8,688 | € 4,838 | ▼ 44% |
| Retained profit | € 7,767 | € 13,165 | ▲ 69% |
| Bank debt | € 106,996 | € 91,320 | ▼ 15% |
| Balance sheet total | € 131,746 | € 123,478 | ▼ 6% |
Key figures of Paint Master, fiscal years 2021 to 2022, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2023 has not been filed yet; it was expected before 31 July 2024.
What happened to Paint Master?
What happened at Paint Master in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2022: profit of € 5,650 (▼ 27% vs 2021). filed late Source: NBB ↗
- New establishment in Geraardsbergen. KBO
- Start of the company according to the CBE. KBO
In short
From € 7,767 profit in 2021 to € 5,650 profit in 2022.
Paid € 4,540 in corporate taxes since 2021.
Best year ever: 2021, with € 7,767 profit.
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De Lijn 8 June 2026 New annual account 2025
filed on 8 June 2026
What was left
€ 20 k ▼ 91%
Money in the bank
€ 178 k ▼ 98%
Open the dossier →
NMBS 8 June 2026 New annual account 2025 What was left ▼ 80%
bpost 18 May 2026 New annual account 2025 What was left from loss to profit
Management
Behind Paint Master is Olivier Boeykens.
Directors
According to the 2022 annual accounts
Olivier Boeykens
Director
Establishments
Establishment units
Physical locations of this company
Zarlardingeplein(Zar) 3 box b
9500 Geraardsbergen
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0753.700.193
- VAT number
- BE 0753.700.193
- Registered office
- Zarlardingeplein(Zar) 3 bus b, 9500 Geraardsbergen
- Names & denominations
- Paint Master
- Enterprise type
- Rechtspersoon
- Legal form
- Limited partnership
- Legal situation
- Normale toestand
- Start date
- 4 September 2020
- Peppol
- Active · Active since 17 Dec 2025
- Contact
- [email protected]
- Activities · NACE
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