ACTIVE

THE CLAY AND PAINT FACTORY

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Financial year 2025 · closed on 31/12/2025
Net result
-100,1 k €
-121.7% YoY
Gross margin
1,5 M €
-29.4% YoY
Equity
2,9 M €
-3.3% YoY
Workforce
23,5 ETP
-12.0% YoY

What does THE CLAY AND PAINT FACTORY do?

THE CLAY AND PAINT FACTORY is a Public limited company incorporated in 2016. Its main activity is: Manufacture of paints, varnishes and similar coatings, printing ink and mastics. Its registered office is in Liège. It employs on average 23,5 ETP workers (FTE).

Legal situation
● Normal situation
BCE/KBO no. / VAT
BE 0668.484.210
Incorporation
26/12/2016
Legal form
Public limited company
Registered office
Rue du Dossay 3
4020 Liège · WallonieSee on map
Contributed capital
425 140,34 €
Latest accounts
31/12/2025
Average workforce
23,5 ETP
Activities (NACE)
20300Manufacture of paints, varnishes and similar coatings, printing ink and mastics· main20300Manufacture of paints, varnishes and similar coatings, printing ink and mastics32990Other manufacturing n.e.c.32990Other manufacturing n.e.c.70100Activities of head offices70100Activities of head offices+2
Joint committees (4)
  • 116
  • 1160
  • 207
  • 2070
Signals
Solid equityLow riskPositive cashflowPositive EBITDAHealthy social debts
View the BCE/KBO Public Search record →
Health score
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✦ Verdict · Analyst summary
Financials

Trend over 9 financial years

202520242023202220212020201920182017
Income statement
Gross margin1,5 M €2,1 M €1,8 M €2 M €1,7 M €1,3 M €845 k €47,5 k €-2,7 k €
EBITDA309,5 k €856,6 k €770,2 k €1,2 M €963 k €658,7 k €173,8 k €4,4 k €-3,4 k €
Operating result-23,9 k €709,5 k €615,9 k €1,1 M €871,5 k €583,6 k €54,6 k €4,4 k €-3,4 k €
Net result-100,1 k €462 k €421,6 k €650,2 k €618,8 k €415,8 k €17,5 k €2,6 k €-3,5 k €
Balance sheet
Equity2,9 M €3 M €2,6 M €2,2 M €1,5 M €890,3 k €474,5 k €424,3 k €421,7 k €
Total assets4,6 M €5,1 M €4,9 M €2,7 M €2,1 M €1,7 M €1,3 M €666,6 k €543,7 k €
Cash333,8 k €434,7 k €165,1 k €639,2 k €412,9 k €282,3 k €14,7 k €60,1 €12,5 €
Debts1,5 M €2 M €2,3 M €465,5 k €586,6 k €748,4 k €809,8 k €242,3 k €122 k €
Other
Workforce23,5 ETP26,7 ETP20,9 ETP––12,9 ETP14,0 ETP0,8 ETP–
Estimate

Indicative valuation

As an indication, this company is worth

between 2,5 M€ and 5 M€
See the valuation
Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 11 ended

Active mandates

Guillaume NUSSE

Director · since 14 novembre 2022 · until 14 novembre 2028

Active
Jean-Marie NUSSE

Director · since 14 novembre 2022 · until 14 novembre 2028

Active

Ended mandates

Karin Wislet

Director · since 01 juillet 2021 · until 30 septembre 2022

Ended
FRANCOIS DESMARE

Director · since 05 novembre 2019 · until 04 novembre 2025

Ended
Georges Desmaré

Director · since 05 novembre 2019 · until 14 novembre 2022

Ended
Georges Desmaré

Director · since 05 novembre 2019 · until 04 novembre 2025

Ended
At this address

Other companies at this address

CompanyCBE no.
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0793.923.422
MULTICOLORE● Active
0891.776.131
Annual accounts

Full financial information

202520242023202220212020
Type of accountAbridged modelAbridged modelAbridged modelAbridged modelAbridged modelAbridged model
Start of the financial year01/01/202501/01/202401/01/202301/01/202201/01/202101/01/2020
Closing of the financial year31/12/202531/12/202431/12/202331/12/202231/12/202131/12/2020
Length of the financial year12 months12 months12 months12 months12 months12 months
Filing date01/06/202631/08/202530/09/202431/08/202322/08/202214/07/2021
General meeting01/06/202630/06/202523/08/202405/06/202326/06/202207/06/2021
Currency of the financial yearEUREUREUREUREUREUR
NBB quality labelSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controlsSatisfying controls
Ratios

Financial ratios

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Filings

Annual accounts filings

10 filings with the NBB

ModelClosingGeneral meetingFiledLanguageDocument
Abridged model31/12/202501/06/202601/06/2026FrenchPDF
Abridged model31/12/202430/06/202531/08/2025FrenchPDF
Abridged modelCorrection31/12/202323/08/202430/09/2024FrenchPDF
Abridged model31/12/202323/08/202431/08/2024FrenchPDF
Abridged model31/12/202205/06/202331/08/2023FrenchPDF
Abridged model31/12/202126/06/202222/08/2022FrenchPDF
Abridged model31/12/202007/06/202114/07/2021FrenchPDF
Abridged model31/12/201901/06/202013/08/2020FrenchPDF
Abridged model31/12/201824/06/201925/06/2019FrenchPDF
Abridged model31/12/201725/06/201826/06/2018FrenchPDF
Estimate

Indicative valuation

Order of magnitude

As an indication, this company is worth

between 2,5 M€ and 5 M€

The detail comes with the Business plan: low and high bounds, the valuation bridge for each financial year, transaction multiples by sector and size, group valuation and exports.

Discover the Business plan
Disclaimer

Indicative estimate based on public sector multiples and the filed annual accounts. It is neither a certified valuation nor financial or investment advice.

Governance

Board of directors

Seen on filing of 31/12/2025 · 2 active · 11 ended

Active mandates

Guillaume NUSSE

Director · since 14 novembre 2022 · until 14 novembre 2028

Active
Jean-Marie NUSSE

Director · since 14 novembre 2022 · until 14 novembre 2028

Active

Ended mandates

Karin Wislet

Director · since 01 juillet 2021 · until 30 septembre 2022

Ended
FRANCOIS DESMARE

Director · since 05 novembre 2019 · until 04 novembre 2025

Ended
Georges Desmaré

Director · since 05 novembre 2019 · until 14 novembre 2022

Ended
Georges Desmaré

Director · since 05 novembre 2019 · until 04 novembre 2025

Ended
Shareholders

Ownership and network

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Belgian Official Gazette

Belgian Official Gazette publications

  • Restructuring26/08/2025
    RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
    PDF
  • Restructuring28/05/2025
    RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
    PDF
  • Mandates14/03/2025
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates09/12/2022
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates29/11/2022
    DEMISSIONS, NOMINATIONS
    PDF
  • Mandates01/10/2021
    DEMISSIONS, NOMINATIONS
    PDF
  • Restructuring25/11/2019
    DENOMINATION - SIEGE SOCIAL - OBJET - DEMISSIONS, NOMINATIONS - MODIFICATION FORME JURIDIQUE - RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
    PDF
  • Restructuring09/07/2019
    RUBRIQUE RESTRUCTURATION (FUSION, SCISSION, TRANSFERT PATRIMOINE, ETC...)
    PDF

Source: Belgian Official Gazette

Competition

Similar companies

A company's peers, by sector and size, are included in the Business plan.

See the Business plan

Timeline

  1. 2025
    Annual accounts 2025-100,1 k €↓
  2. 2024
    Annual accounts 2024462 k €↑
  3. 2023
    Annual accounts 2023421,6 k €↓
  4. 2022
    Annual accounts 2022650,2 k €↑
  5. 2021
    Annual accounts 2021618,8 k €↑
  6. 2020
    Annual accounts 2020415,8 k €↑
  7. 2019
    Annual accounts 201917,5 k €↑
  8. 2018
    Annual accounts 20182,6 k €↑
  9. 2017
    Annual accounts 2017-3,5 k €
  10. 26/12/2016
    IncorporationPublic limited company