Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 4 to 2.6.
Financials
Financial year 2024
PAINT EXPRESS from De Panne, company number BE0823882762, closed financial year 2024 with a result of € 84,760 after tax. For that financial year PAINT EXPRESS recorded a gross margin of € 271,439 and equity of € 225,688. Compared with financial year 2023, the result moved from € 29,157 to € 84,760. 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 9, 2025.
€ 225,688
▲ 32% vs 2023
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 84,760
▲ 191% vs 2023
Profit after tax over the fiscal year.
€ 351
▼ 83% vs 2023
Cash and bank balances on the last day of the fiscal year.
€ 30,000 paid out
35 % of the profit went to the shareholders, the rest stayed in the company.
People and assets in 2024
2.6
▼ 1.1 vs 2023
Average over the fiscal year, from the social balance sheet.
€ 140,148
▼ 27% vs 2023
€ 53,900 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.
€ 36,969
▲ 13% vs 2023
Book value of vehicles, furniture and equipment.
Debts at end 2024
€ 16,482
▼ 28% vs 2023
€ 9,134 is repaid this year. At this pace the long-term loan is gone in ≈ 1 years.
€ 54,273
▼ 46% vs 2023
Supplier invoices still open on the last day of the fiscal year.
€ 61,752
▲ € 46,491 vs 2023
Taxes, VAT and social contributions still to pay.
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| 2021 | 2022 | 2023 | 2024 | Change 2023 → 2024 | |
|---|---|---|---|---|---|
| Revenue | € 892,274 | - | - | - | |
| Gross margin | € 293,192 | € 345,933 | € 247,374 | € 271,439 | ▲ 10% |
| Profit after taxes | € 86,868 | € 93,176 | € 29,157 | € 84,760 | ▲ 191% |
| Equity | € 157,596 | € 170,772 | € 170,928 | € 225,688 | ▲ 32% |
| Total debts | € 319,885 | € 329,335 | € 292,381 | € 253,704 | ▼ 13% |
| Cash | € 7,248 | € 452 | € 2,059 | € 351 | ▼ 83% |
| Land & buildings | € 6,413 | € 6,103 | € 5,794 | € 5,484 | ▼ 5% |
| Retained profit | € 145,196 | € 158,372 | € 158,528 | € 213,288 | ▲ 35% |
| Dividend | € 80,000 | € 80,000 | € 29,000 | € 30,000 | ▲ 3% |
| Bank debt | € 39,500 | € 32,974 | € 22,854 | € 16,482 | ▼ 28% |
| Balance sheet total | € 477,481 | € 500,107 | € 463,309 | € 479,392 | ▲ 3% |
| Employees (FTE) | - | 4 | 3.7 | 2.6 | ▼ 1.1 |
Key figures of PAINT EXPRESS, fiscal years 2021 to 2024, from the annual accounts filed with the National Bank of Belgium.The annual account for fiscal year 2025 has not been filed yet; it was expected before 31 July 2026.
What happened to PAINT EXPRESS?
What happened at PAINT EXPRESS in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2024: profit of € 84,760 (▲ 191% vs 2023). Source: NBB ↗
- New establishment in De Panne. KBO
- Start of the company according to the CBE. KBO
In short
From € 86,868 profit in 2021 to € 84,760 profit in 2024.
Paid € 45,624 in corporate taxes since 2021.
Best year ever: 2022, with € 93,176 profit.
On average € 104,400 of value added per employee in 2024.
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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 EXPRESS are Sarah Ghysdael and Immo Aerjen BV.
Directors
According to the 2024 annual accounts
Sarah Ghysdael
Director
Director · represented by Marie-Therese Verhaeghe
Establishments
Establishment units
Physical locations of this company
Garzebekeveldstraat 24
8660 De Panne
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 1 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.
Details
- Company number
- 0823.882.762
- VAT number
- BE 0823.882.762
- Registered office
- Garzebekeveldstraat 24, 8660 De Panne
- Names & denominations
- PAINT EXPRESS
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 12 March 2010
- Peppol
- Active · Active since 18 Jun 2025
- Activities · NACE
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