Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
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Busy address KBO
64 other companies have their registered office at the same address; threshold 10.
Financials
Financial year 2025
PAINTFACTORY KORTRIJK from Kortrijk, company number BE0770872955, closed financial year 2025 with a result of € 28,338 after tax. For that financial year PAINTFACTORY KORTRIJK recorded a gross margin of € 173,553 and equity of € 88,651. Compared with financial year 2024, the result moved from € -5,337 to € 28,338. Profitable, and profit is growing. The buffer is growing. A strong own buffer against the debts. The most recent annual accounts were filed with the National Bank of Belgium on July 28, 2026.
€ 88,651
▲ 47% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 28,338
▲ still € 5,337 loss in 2024
Profit after tax over the fiscal year.
€ 23,916
▼ 31% vs 2024
Cash and bank balances on the last day of the fiscal year.
Stays in the company
No dividend for 2025. Retained profit grew to € 27,151.
People and assets in 2025
2.3
▲ 0.8 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 124,157
▲ 38% vs 2024
€ 54,000 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
Debts at end 2025
€ 57,030
▲ 1% vs 2024
€ 23,552 is repaid this year. At this pace the long-term loan is gone in ≈ 2 years.
€ 17,567
▼ 81% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 33,229
▲ 95% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 41,423 | € 139,510 | € 96,289 | € 173,553 | ▲ 80% |
| Profit after taxes | € -42,069 | € 46,220 | € -5,337 | € 28,338 | ▲ € 33,675 |
| Equity | € 19,431 | € 65,651 | € 60,314 | € 88,651 | ▲ 47% |
| Total debts | € 131,941 | € 134,555 | € 169,692 | € 110,630 | ▼ 35% |
| Cash | € 4,708 | € 21,524 | € 34,563 | € 23,916 | ▼ 31% |
| Retained profit | € -42,069 | € 4,151 | € -1,186 | € 27,151 | ▲ € 28,338 |
| Bank debt | € 105,307 | € 70,557 | € 56,550 | € 57,030 | ▲ 1% |
| Balance sheet total | € 151,372 | € 200,205 | € 230,005 | € 199,281 | ▼ 13% |
| Employees (FTE) | 0.6 | 1 | 1.5 | 2.3 | ▲ 0.8 |
Key figures of PAINTFACTORY KORTRIJK, fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to PAINTFACTORY KORTRIJK?
What happened at PAINTFACTORY KORTRIJK in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 28,338. Source: NBB ↗
- New establishment in Kortrijk. KBO
- Garcelot BV became a director. NBB
- Start of the company according to the CBE. KBO
In short
From € 42,069 loss in 2022 to € 28,338 profit in 2025.
Paid € 7,581 in corporate taxes since 2022.
Best year ever: 2023, with € 46,220 profit.
On average € 75,500 of value added per employee in 2025.
Management
The stake of Garcelot comes from that shareholder’s own annual accounts; small companies do not report their shareholders themselves.
PAINTFACTORY KORTRIJKBehind PAINTFACTORY KORTRIJK is Garcelot BV. The shares are held by Garcelot (100%).
Directors
According to the 2025 annual accounts
Director · represented by Yves Op De Beeck
Also active at: BEVEPE, Paintfactory Hasselt, PaintFactory GENT, Paintfactory Antwerpen, PAINTFACTORY ROESELARE
since 2021
Shareholders
100%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Engelse Wandeling(Kor) 2
8500 Kortrijk
Engelse Wandeling(Kor) 2 box AB15
8500 Kortrijk
Active since 7 July 2021
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 64 companies are registered at this address.
All companies at this address →Himmovar
€ 241,702 gross margin · 2025
Labo Milieu & Industriële Analyse
€ 694,931 gross margin · 2025
Adviesbureau voor Bedrijfsbeheer
€ -6,890 gross margin · 2025
CAROLITH
MARKADES
€ 151,490 gross margin · 2025
+59 more
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Microsoft 365
Hosting
COGENT-174 - Cogent Communications, LLC, US
Website info
Features
Security
Details
- Company number
- 0770.872.955
- VAT number
- BE 0770.872.955
- Registered office
- Engelse Wandeling(Kor) 2, 8500 Kortrijk
- Names & denominations
- PAINTFACTORY KORTRIJK
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 7 July 2021
- Peppol
- Active · Active since 12 Nov 2025
- Contact
- paintfactory.be
- Activities · NACE
Detailhandel in verf en verfwaren
Handelsbemiddeling in de groothandel in hout en bouwmaterialen
Groothandel in behang, verf en woningtextiel
Detailhandel in drogisterijartikelen en onderhoudsproducten
Detailhandel in drogisterijartikelen en onderhoudsproducten in gespecialiseerde winkels