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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Negative equity NBB
More debt than assets in 2 of the last 2 fiscal years.
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Tight liquidity NBB
Cash and receivables cover 11 % of short-term debt in 2025; threshold 65 %.
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Not on Peppol Peppol
Not registered in the Peppol network, mandatory for VAT-liable companies since 1 January 2026.
Financials
Financial year 2025
P. Coating from Manage, company number BE0805311618, closed financial year 2025 with a result of € 8,021 after tax. For that financial year P. Coating recorded a gross margin of € 35,615 and equity of € -42,641. Compared with financial year 2024, the result moved from € -56,662 to € 8,021. Profitable, and profit is growing. More debts than assets. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 3, 2026.
€ -42,641
▲ € 8,021 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 8,021
▲ still € 56,662 loss in 2024
Profit after tax over the fiscal year.
€ 22
▼ 73% 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 € -48,641.
Debts at end 2025
€ 270,157
▼ 5% vs 2024
€ 15,916 is repaid this year. At this pace the long-term loan is gone in ≈ 17 years.
€ 9,503
▲ 39% vs 2024
Supplier invoices still open on the last day of the fiscal year.
| 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|
| Gross margin | € 25,334 | € 35,615 | ▲ 41% |
| Profit after taxes | € -56,662 | € 8,021 | ▲ € 64,683 |
| Equity | € -50,662 | € -42,641 | ▲ € 8,021 |
| Total debts | € 339,899 | € 329,253 | ▼ 3% |
| Cash | € 81 | € 22 | ▼ 73% |
| Land & buildings | € 289,156 | € 278,656 | ▼ 4% |
| Retained profit | € -56,662 | € -48,641 | ▲ € 8,021 |
| Bank debt | € 285,412 | € 270,157 | ▼ 5% |
| Balance sheet total | € 289,237 | € 286,611 | ▼ 1% |
Key figures of P. Coating, fiscal years 2024 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 P. Coating?
What happened at P. Coating in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 8,021. Source: NBB ↗
- New establishment in Manage. KBO
- Start of the company according to the CBE. KBO
In short
From € 56,662 loss in 2024 to € 8,021 profit in 2025.
Best year ever: 2025, with € 8,021 profit.
Management
Behind P. Coating are RAPHAEL PIERRIN and SEBASTIEN PIERRIN. The same people are also behind CLASSIC CHROME. RAPHAEL PIERRIN is also behind ARJ Consulting.
Directors
According to the 2025 annual accounts
Establishments
Establishment units
Physical locations of this company
Rue Docteur Tagnon 48
7170 Manage
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 4 companies are registered at this address.
All companies at this address →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
WIX_COM, IL
Website info
Features
Security
Network
Details
- Company number
- 0805.311.618
- VAT number
- BE 0805.311.618
- Registered office
- Rue Docteur Tagnon 48, 7170 Manage
- Names & denominations
- P. Coating
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 31 August 2023
- Peppol
- Not registered
- Contact
- classic-chrome.be +3264337666