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 4 of the last 4 fiscal years.
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Two loss years in a row NBB
Negative result in 2024 and 2025.
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Tight liquidity NBB
Cash and receivables cover 50 % 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
PROJECT PAINT RESEARCH LABS. EUROPE from Braine-le-Château, company number BE0869553926, closed financial year 2025 with a result of € -970 after tax. For that financial year PROJECT PAINT RESEARCH LABS. EUROPE recorded a gross margin of € -970 and equity of € -40,763. Compared with financial year 2024, the result moved from € -555 to € -970. The company made a loss. 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 9, 2026.
€ -40,763
▼ € 970 vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ -970
▼ 75 % more loss than in 2024
Profit after tax over the fiscal year.
€ 3
Cash and bank balances on the last day of the fiscal year.
Loss, nothing to pay out
Reserves fell to € -53,163.
People and assets in 2025
≈ 1
No payroll staff. One director, so that person most likely runs the business.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 22,210
Supplier invoices still open on the last day of the fiscal year.
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| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € -928 | € -633 | € -555 | € -970 | ▼ € 415 |
| Profit after taxes | € -928 | € -633 | € -555 | € -970 | ▼ € 415 |
| Equity | € -38,606 | € -39,238 | € -39,793 | € -40,763 | ▼ € 970 |
| Total debts | € 101,782 | € 102,415 | € 101,478 | € 102,447 | ▲ 1% |
| Cash | € 3 | € 3 | € 3 | € 3 | |
| Retained profit | € -51,006 | € -51,638 | € -52,193 | € -53,163 | ▼ € 970 |
| Balance sheet total | € 63,177 | € 63,177 | € 61,684 | € 61,684 |
Key figures of PROJECT PAINT RESEARCH LABS. EUROPE, 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 PROJECT PAINT RESEARCH LABS. EUROPE?
What happened at PROJECT PAINT RESEARCH LABS. EUROPE in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: loss of € 970. Source: NBB ↗
- Start of the company according to the CBE. KBO
- New establishment in Braine-le-Château. KBO
- Olivier DEMUL became a director. NBB
In short
From € 928 loss in 2022 to € 970 loss in 2025.
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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 PROJECT PAINT RESEARCH LABS. EUROPE is Olivier DEMUL.
Directors
According to the 2025 annual accounts
Olivier DEMUL
Director
since 2004
Establishments
Establishment units
Physical locations of this company
Rue Auguste Latour 90
1440 Braine-le-Château
What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Details
- Company number
- 0869.553.926
- VAT number
- BE 0869.553.926
- Registered office
- Rue Auguste Latour 90, 1440 Braine-le-Château
- Names & denominations
- PROJECT PAINT RESEARCH LABS. EUROPE
- Enterprise type
- Rechtspersoon
- Legal form
- Private limited company
- Legal situation
- Normale toestand
- Start date
- 21 October 2004
- Peppol
- Not registered